COVID-19 pandemic

China: Loudi City Mayor Promotes Blockchain to Fight Crime

The mayor of Loudi, a city in China’s Hunan province, has characterized blockchain technology as a powerful “weapon” that can effectively tackle crime.At a meeting of Loudi’s Municipal Public Security Bureau on Aug. 10, Mayor Yang Yiwen responded to reports on the progress of a trial blockchain project that is currently being conducted by the bureau and a local technology firm. The project combines blockchain technology with multi-party computing and big data to improve trusted data exchange and information traceability across a collaborative network. This network unites telecommunication network operators, banks and

Q&A: How Blockchain Could Transform the Art Industry

The art world has had a tough time lately. The coronavirus pandemic has forced many galleries and museums to close, with sales of premium pieces also affected.But there could be a solution that helps the industry get back on its feet and achieve much-needed digitization: blockchain. Here, we talk to Niko Kipouros, founder and CEO of 4ARTechnologies, about how this technology could transform the way we purchase and own artwork — and even ensure that the provenance and authenticity of masterpieces are never doubted.1. What are the biggest challenges facing