Bitcoin Blockchain-By-Air Project Hits Finland in September

Bitcoin Blockchain-By-Air Project Hits Finland in September

This is a really interesting story, here. In a partnership deal with software company Koodilehto, a Finnish crypto-currency group dubbed FIMKrypto is starting a little something called Kryptoradio, an initiative that will allow for the broadcast of the bitcoin blockchain via national television broadcasting networks in real time. The partnership includes working with Digita, a Finnish national TV broadcaster. The broadcast signal will cover approximately 95 percent of Finnish territory, reaching up to five million people. So you might be asking yourself: why? The answer is simple. The....


Related News

Finland to Create Intelligent Containers based on Blockchain Tech

What this concept does is let recipient track their shipment from the departure all the way to its arrival. Imagine the world in which transport containers will become smart enough to know where they need to go. No human intervention required, although all of the commands would be stored on a distributed ledger. That is an area of technology Finland is pursuing, as they want to create blockchain-based transport container intelligence. Albeit the concept may sound strange on paper, it is not unfeasible to achieve either. A new project will take place in Finland later this year, which will....

Blockchain To Run Welfare Show, Finland May Set Example

Finland has recently started an unprecedented social experiment that will be watched around the world amid gathering interest in the idea of a universal basic income. It has become the first country in Europe to start paying an unconditional monthly sum to its unemployed citizens. During the next two years, 2,000 unemployed Finns, aged 25 to 58, will receive a guaranteed sum of 560 euros. The money will replace the social benefits they have been receiving so far and will be paid even if they find work. Kela, Finland’s social security authority, says that the project is aimed at reducing....

Finland Classifies Bitcoin as VAT-Exempt Financial Service

Finnish regulators have classified bitcoin as a financial service, thus granting it VAT-exempt status. The Finnish Central Board of Taxes (CBT) judged bitcoin to be a financial service in ruling 034/2014, which states that bitcoin purchases qualify as "banking services" under the EU Value Added Tax (VAT) Directive. The ruling was issued after a court classified bitcoin as a payment instrument and sets Finland's approach to the cryptocurrency apart from most European jurisdictions, which generally treat bitcoin as a commodity. However, the nation is not completely alone in taking this....

Finland’s Central Bank Explores Blockchain Technology

Last week the Bank of Finland joined the growing list of worldwide central banks interested in blockchain technology. Finland’s central bank, collaborating with the Ministry of Finance, held a seminar which discussed the possibilities offered by distributed ledgers. Bank of Finland Hosts Blockchain Seminar. On November 24 the Bank of Finland gathered....

Connect to the Bitcoin Network with National Television Broadcast, Without the Internet

There is one major impediment global Bitcoin adoption: the Bitcoin network lives on the Internet. Right now, the Internet is only available to a small portion of world's population. But apparently there are other ways of connecting to the network. Thanks to Kryptoradio, users may be able to broadcast Bitcoin worldwide using national television broadcast. Merchants and consumers will be able to connect to the network and receive transactions, with any standard digital television device. It could have interesting implications. For example, in regions where Internet access is patchy at best,....