Blockchain Industry In 2017: Ready For New Exploits
The year 2016 has been a very active year for the Blockchain with several ideas and innovations flooding the industry. We have seen different creations by a lot of companies emerge, all presenting their functional real case uses for the disruptive technology. Governments and banks have also not been left behind in the developmental processes of the Blockchain, as we have seen a number of tests and implementation of the Blockchain at these levels. Reviewing the year ending 2016, principal consultant at Bankcoin Reserve Pty Ltd, Thomas McAlister, says that we have seen great exposure for....
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DeFi exploits have been the order of the day since the space began to gain prominence. For a relatively new space, this is not surprising that protocols have succumbed to exploits. However, the pace and the number of exploits that have since been hacked have been alarming. 2021 saw a new record in funds stolen […]
DeFi’s novel flash loan products aren't to blame for the recent string of exploits, industry leaders say.
Over 16 percent of healthcare companies are ready to implement Blockchain in 2017 for commercial purposes. In a study titled “Healthcare rallies for Blockchains,” conducted by the IBM Institute for Business Value, 16 percent of the executives told IBM that experimental phases have come to an end and that their companies are ready to adopt, implement and commercialize Blockchain. In the survey conducted internationally, 200 major healthcare company executives revealed their thoughts on Blockchain technology and potential implementation strategies in the upcoming years. Researchers at IBM....
What is certain is that exploits only get points for being less disastrous than their counterpart. There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million from DeFi projects in 2020, accounting for 50% of all hacks this year, according to a CipherTrace report.Related: Roundup of crypto hacks, exploits and heists in 2020Some point out that the occurrences were merely exploits that shined a light on the....
Several local publications including Caucasus Business Week revealed that the nation of Georgia is ready to utilize Blockchain technology to secure real estate documents. Tea Tsulukiani, Georgia’s Minister of Justice, announced that the government’s development and intelligence agencies have garnered the necessary technological expertise and talents to successfully use Blockchain for protecting properties of millions of its people. Tsulukiani stated: “Thanks to efforts of the Public Registry, Georgia is ready to join this system. We suppose that 2017 will be the first step of insertion of....