Fight Traffic Jams with Blockchain Technology
Traffic jams are choking cities all around the world, severely affecting economic growth and the health of commuters. Time wasted in traffic congestion costs billions of dollars and afflicts commuters with stress, poor health, and even premature death. Traffic Congestion Impacts Your Health and the Economy. The amount of time that commuters waste on the....
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Could the decentralized world built on blockchain technology win the battle with a large-scale quantum computer of the nightmares? News that two teams of Chinese scientists have achieved quantum advantage — a technical term for when a computer can perform functions beyond that of a classical computer — may be the signal that we have truly entered a new era. While Google’s 54-qubit quantum processor, Sycamore, became the first widely known example of early-stage quantum computing, the latest news out of the University of Science and Technology of China in Hefei is the best proof yet that we....
Web traffic on FTX surged 123% YoY, while major exchanges like Coinbase and Binance were down 46% and 40% traffic-wise, respectively. The ongoing cryptocurrency winter has triggered an overall decline in interest in centralized crypto exchanges (CEX), but some crypto trading platforms have seen a rise in website traffic.A few major global crypto exchanges, including Sam Bankman-Fried’s FTX, have experienced a significant increase in web traffic despite the bear market of 2022, according to the website analytics platform SimilarWeb.According to data shared with Cointelegraph, web traffic on....
The use of blockchain technology has now expanded to the fight against corruption as well. Among the many advantages of the digital currency, the transparency associated with transactional data stored over the blockchain is the most attractive one. The very property comes in handy when it comes to maintaining transparency and preventing corruption in sectors where blockchain-based applications are used. The digital currency technology is already being considered by few government representatives, institutions and other social organizations in their fight against corruption. The blockchain....
The U.K.’s former Prime Minister David Cameron said on Monday that the blockchain can be used to fight government corruption and that he is ‘excited’ about the potential that the technology presents. Speaking at the opening of FinTech startup Blockchain’s new London offices, Cameron said that what ‘most excites me is the potential that your technology has to fight corruption and to deal with failures of governance and governments and the rule of law all over the world,’ reports Business Insider. Talking about countries where so many people are trapped in poverty with corrupt and failed....
The government of Andhra Pradesh (AP), a state in South India, will be tapping blockchain technology to curb cybercrimes, a top cop confirmed this week. In the face of an increasing number of cybercriminal activity, the Director General of Police in AP has revealed that the government is the first in Asia to use blockchain technology to check and fight cybercrimes. While details of the blockchain implementation are scarce, a workshop solely focused on educating the police force on blockchain technology has been confirmed. Organized by the burgeoning Fintech initiative in the city of....