Trump’s Security Hawks Call Distributed Ledgers ‘Critical’ in US-China Tech A...

Litecoin and Ethereum are also scrutinized in the report. Ethereum has a fair few high-risk vulnerabilities, as does Litecoin. Blockchain projects are very common in this day and age. Individual companies and projects feel their own ledger-based solution is better than all others. A recent report by China CERT shows there is still a lot of work to be done where open–source block chain projects are concerned. In fact, according to this report, Ripple is the least secure solution, as it contains over 200 high-risk bugs. It was only a matter of time until open source blockchain projects would....

Distributed ledger tech will play a key role in the foundation of next-generation financial services according to a new report by the World Economic Forum (WEF). Released today, the 130-page report aims to provide a “clear view” of how financial services could be reimagined by combining blockchains and distributed ledgers with existing and emerging technologies including mobile, machine learning and robotics. Overall, the WEF report stressed that distributed ledgers should not be viewed as a "panacea" or held back by existing financial "orthodoxies". It further....

The ethereal world of blockchain tech is increasingly being tethered to more tangible, saleable solutions. As major institutions have sought software concepts that rethink or remove bitcoin's proof-of-work mining mechanism, so too have the firms involved with those products needed to seek hardware solutions that provide a similar level of security to their desired distributed ledgers. Most recently, the $75bn consulting firm Accenture unveiled a patent-pending security layer integrated with a hardware security module (HSM) made by Thales – a global security firm already protecting the....

While some financial experts feel it is still too early something as significant as distributed ledgers, the question becomes how much longer they can afford to hold off on this inevitable change. The second SWIFT hack sheds an interesting light on permissioned systems and cybersecurity. Although no data has been hacked, the loss of money could have been prevented by using more modern technology, such as distributed ledgers as the one found in Bitcoin. Distributed Ledgers Vs. Archaic Centralized Systems. While it is commendable SWIFT representatives openly admit their network played a part....

In the aftermath of restrictions from the People’s Bank, many outsiders are wondering what it’s like to use Bitcoin in China now. The atmosphere in China at present is extremely hostile for many aspects of Bitcoin. Exchanges are notably feeling pressure, with some even closing in light of banking authorities recently ‘reaffirming’ their stance towards cryptocurrency, one which could be called ‘critical’ at best. However, beneath the surface lies a somewhat different scene, set apart from the turmoil of the legislation. For consumers, it is definitely fair to say that “Bitcoin is not dead....