Let’s be clear: Blockchain technology is infrastructure
With continued dialogue between the blockchain industry and the U.S. Congress, there is still hope that regulatory legislation will arrive at a mutually beneficial resolution. In recent weeks, the blockchain industry made headlines as it engaged in intense discussions with lawmakers after a $28 billion crypto tax reporting proposal unexpectedly became part of the Bipartisan Infrastructure Deal (BID). Ultimately, the BID language was unchanged, leaving uncertainty for the companies that build on blockchain, especially those dedicated to its value beyond cryptocurrency trading. Though....
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Simplifying cross-border payments for businesses can not be achieved through traditional financial infrastructure; that much is clear by now. In countries where there are limited to no financial services available, there is no adequate infrastructure to speak of. Blockchain technology can help resolve that problem, and Align Commerce is banking big on this innovative form of remittance. It was only a matter of time until multiple businesses started to recognize the potential offered by blockchain technology.With the financial sector prone to disruption and innovation in its current state,....
With the announcement of Gem Health, Gem is continuing their impressive growth in delivering blockchain platforms for smart networks. Gem has always made it clear that they consider healthcare to be an attractive target for their solutions. With this announcement they have taken a large step towards building a “blockchain network for global healthcare.” The goal is for the group to build a data infrastructure capable of supporting worldwide connectivity for healthcare. Gem has signaled that this will include a community driven educational element. The group also plans to lean on Ethereum....
The term “smart contract” has no clear and settled definition. The idea has long been hyped to the public as a central component of next-generation blockchain platforms, and as a key capability for any practical enterprise application. They are defined variously as “autonomous machines”, “contracts between parties stored on a blockchain” or “any computation that takes place on a blockchain”. Many debates about the nature of smart contracts are really just contests between competing terminology. The different definitions usually fall into one of two categories. Sometimes the term is used to....
Various financial institutions and blockchain providers are testing distributed ledger technology solutions these days. Tech Bureau Inc. provides blockchain infrastructure through Mijin, and their blockchain infrastructure was successfully tested by SBI Sumishin Net Bank. Mijin Blockchain Infrastructure Field Trial. It is worth noting this field trial of Mijin blockchain infrastructure was not a typical trial of securities system, but rather to see if the blockchain can be a viable accounting system for financial players. SBI Sumishin Net Bank was curious to find out of a customer....
Calling Bitcoin’s blockchain the “timechain” would honor Satoshi’s intention and help clear up altcoin misdirection.