What Is a Blockchain?
Bitcoin depends on a distributed ledger system known as the blockchain. The blockchain is possibly the most powerful innovation associated with Bitcoin, as countless industries from financial services to healthcare have begun contemplating how to leverage the technology for their own uses. So it’s worth asking: What is a blockchain?The essential power of blockchain technology is its ability to distribute information. Because it is distributed across all of the nodes, or individual computers, that make up the system, the term “blockchain technology” is often swapped with “distributed ledger....
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What could it mean? Oh hey, something interesting just popped up. Shhhhhhhh. ) pic.twitter.com/Uis5bchfVd. - Blockchain.info (@blockchain) February 2, 2014. Blockchain just tweeted this a few hours ago. Looks like they purchased Blockchain.com on 28 January, 2014 based on a simple whois search. Until recently, Blockchain.com belonged to an unknown entity, whose identity was protected with WhoisGuard. Blockchain has been trying to purchase the domain since the summer of 2012, and it seems like they've finally succeeded. Most likely, users will now be able to access their wallets from....
At first there was bitcoin: the world’s most successful cryptocurrency to date. But lately there has been more and more talk about "the bitcoin blockchain", "the blockchain", "blockchain" or "blockchain technology". Bloomberg reports that Nasdaq is seeking to show progress using the much-hyped blockchain. LWN notes The Linux Foundation recently announced a project to "advance blockchain technology". The Washington Post lists bitcoin and the blockchain as one of six inventions of magnitude we haven’t seen since the printing press. VISA, Citi, and Nasdaq have invested $30m into a blockchain....
“ARE YOU A BLOCKCHAIN ENTHUSIAST, A HARD-CORE CODER, A DESIGNER OR JUST A HACKATHON OBSESSOR? IF SO, JOIN THE DBS BLOCKCHAIN HACK FOR AN INNOVATIVE TWO DAYS OF EXCLUSIVE BLOCKCHAIN CHALLENGES AND API ACCESS FROM TOP FINANCIAL INSTITUTES – AND SOME SERIOUS HACKING.” If you visit the DBS Blockchain Hackathon web page, this is exactly what you are greeted with. The hackathon will have a meeting on April 16, 2015 to where attendees can discus ideas and get acquainted with one another. The main event will be on May 8-May 9 — 48 hours of pure blockchain innovation.
While mainstream media is just now catching on about Bitcoin, some entrepreneurs have been looking into the various possible uses for the blockchain technology for a while. These visionaries are looking for ways to incorporate the blockchain into already-existing corporate structures. That way, blockchain technologies can augment current procedures and....
JP Morgan is taking more profound steps in blockchain technology in recent development. This new generation bank now uses blockchain in maintaining its collateral statements. According to the report, JPMorgan Chase & Co has completed its pilot transaction on a blockchain. The use of blockchain technology and its application is widely spreading to different sectors […]