4 ways blockchain is the new business collaboration tool
While blockchain may have cut its teeth on the cryptocurrency Bitcoin, the distributed electronic ledger technology is quickly making inroads across a variety of industries.
While blockchain may have cut its teeth on the cryptocurrency Bitcoin, the distributed electronic ledger technology is quickly making inroads across a variety of industries.
A group representing businesses and research organisations is heading to New York to spruik the local work on developing technology inspired by and based on Bitcoin’s blockchain and similar distributed ledger technology.
The federal government’s budget confirms that from 1 July Bitcoin and similar digital currencies will no longer suffer the current ‘double taxation’ burden.
The Australian Securities and Investments Commission (ASIC) says it expects the range of potential uses of blockchain-style distributed ledger technology (DLT) to grow “exponentially” over time.
This year businesses will move from talking about the potential of distributed ledger technology inspired by Bitcoin’s blockchain to actually implementing and testing it, the Australian Securities and Investments Commission’s chairperson, Greg Medcraft, today told the organisation’s annual forum.
Following a huge amount of hype in recent years, businesses are now starting to seriously consider the potential of blockchain-inspired technology to perform secure and trusted transactions.
IBM, Optus and Australia Post have joined the Australian Digital Currency Commerce Association (ADCCA).
The Commonwealth Bank of Australia has announced what it describes as a world first: The use of Bitcoin-inspired blockchain technology to issue a bond.
The Commonwealth Bank of Australia has participated in what the bank describes as a world first: A global transaction employing a ‘smart contract’ that uses a distributed ledger inspired by the design of Bitcoin’s blockchain.
Thousands of publicly accessible FTP servers, including many Seagate network-attached storage devices, are being used by criminals to malware that mines cryptocurrency.
Much of what you’ve heard about the blockchain revolution is nothing but snake oil and marketing spin. This new technology has been touted as the cure-all for performing secure and trusted transactions. The mere mention of the word blockchain sends fintech and banking execs into frenzy.
ASX has completed the first phase of work on a potential blockchain-based replacement for its CHESS system, which providers clearing and settlement services.
China's Tianhe-2 supercomputer has just been overtaken as the world's fastest by another Chinese computer, the Sunway TaihuLight, capable of 93 million billion floating-point operations per second.
“We believe that the blockchain has huge potential,” Commonwealth Bank CIO David Whiteing today told the annual conference of the Stockbrokers Association of Australia.
Blockchain technology is not just useful for creating digital currencies such as Bitcoin or developing new financial technologies.