IBM Wants to “Evolve the Internet” With Blockchain Technology
The Aite Group projects the blockchain market could be valued at $400 million by 2019. For that reason, some of the biggest names in banking, industry and technology have entered into the space to evaluate how this technology could change the financial world. IBM and Linux, for instance, have brought together some of the brightest minds in the industry....
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Banks, financial institutions, government agencies and large corporations are still struggling to deal with cyber attacks and DNS poisoning, that often lead to billions of dollars in losses every year. Several Blockchain startups are attempting to solve the Internet’s vulnerability issues by integrating an immutable and public ledger into the Internet’s existing framework. Nebulis eliminates DNS poisoning. Nebulis, a Blockchain startup founded by Philip Saunders, utilizes the Interplanetary File System (IPFS) and the Ethereum Blockchain to create a decentralized version of the Internet.....
Some online businesses have already begun to embrace Bitcoin, in an attempt to get ahead of the curve. This could be a wise move. The internet’s number one e-currency is already making waves in financial markets, but as yet there is still a high percentage of businesses that are unaware of Bitcoin’s potential. The time is ripe for a sole internet currency, and with virtual reality around the corner it could be the perfect opportunity for Bitcoin to rise to the next level. Here are a few reasons why. The internet has opened up the world so that countries are no longer confined to....
In a major step forward for collaboration in building decentralized apps on blockchain technology, NFX Guild, a Silicon Valley startup accelerator and Tel Aviv-based blockchain tech company Synereo have signed a partnership agreement to build an ecosystem of decentralized applications (dApps) on Synereo’s Blockchain 2.0 platform. The proposed “decentralized internet” will use Synereo’s own blockchain technology to enable apps, websites and web-services to work without a central location or authority to verify the authenticity of the transactions between actors. Synereo calls its “World....
In an age when data leads to economic domination, shifting control is a really impactful way to empower individuals.
Alex Tapscott, CEO of Blockchain consulting firm Northwest Passage Ventures, urges both businesses and regulators in Thailand to adopt Blockchain to cope with the Internet’s rapidly growing user base and startups. At the “Blockchain Revolution” seminar hosted by Total Access Communication in Bangkok, Tapscott emphasized the potential of Blockchain within the conventional financial industry, which could save banks and financial institutions blns of dollars in annual expenditures, such as maintenance fees. Tapscott stated: “There are things you can do with Blockchain technology that was not....