Distributed Ledger

Exclusive: US Congressional Watchdog on Prototyping Smart Contracts

Source Node: https://cointelegraph.com/news/exclusive-us-congressional-watchdog-on-prototyping-smart-contracts
Time Stamp: April 8, 2020 2:42 PM - Modified On: May 21, 2021 - Published By:
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The supreme audit institution of the United States, the Government Accountability Office (GAO), posted two job positions with its Innovation Lab concerning the development of prototype applications for blockchain technology during March.Cointelegraph spoke to Chuck Young, the managing director of public affairs at GAO, to find out more about the agency’s interest in distributed ledger technologies, or DLT.GAO to refine auditing processes for blockchainYoung stated that GAO's primary application for blockchain will be as “a digital financial ledger” — indicating that the chief auditor is planning to use blockchain to

Most of China’s DLT Firms That Closed in 2019 Were Scams or Poorly Planned

Source Node: https://cointelegraph.com/news/most-of-chinas-dlt-firms-that-closed-in-2019-were-scams-or-poorly-planned
Time Stamp: April 6, 2020 6:00 PM - Modified On: May 21, 2021 - Published By:
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Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had deficient business models, according to recent research.Research sent to Cointelegraph by Chinese market research firm EqualOcean on March 26 suggests that most blockchain-backed Chinese businesses that halted their activity last year had major flaws.Short-lived companiesThe report found over 70 blockchain projects that shut their doors last year. Among them over 70% of the projects reportedly did not survive their first year and 30% did not last 6 months. The research reads:“A considerable number of which were

US Congressional Watchdog Quietly Reveals DLT Prototype Development

Source Node: https://cointelegraph.com/news/us-congressional-watchdog-quietly-reveals-dlt-prototype-development
Time Stamp: April 6, 2020 12:49 PM - Modified On: May 21, 2021 - Published By:
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The United States Government Accountability Office’s (GAO) Innovation Lab posted ads for job positions to develop “use case prototypes” for blockchain technologies in late-March.GAO is the supreme audit institution of the U.S. government and provides evaluation and investigative services for Congress.GAO to explore prototype applications for DLTThe two positions seek an ‘Interdisciplinary Computer Engineer/Computer Scientist’ and an ‘Interdisciplinary Assistant Director, Computer Scientist/Engineer’ to explore “emerging technologies” including blockchain.Both roles will be overseen by GAO’s Science, Technology Assessment, and Analytics (STAA) Team’s Innovation Lab.The listings show that the lab is creating

Ripple Funds Blockchain’s Disruption of the Legal Industry

Source Node: https://cointelegraph.com/news/ripple-funds-blockchains-disruption-of-the-legal-industry
Time Stamp: April 5, 2020 2:03 PM - Modified On: May 21, 2021 - Published By:
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A new blockchain course offered by the Australian National University (ANU)’s law school commenced this year with support from Ripple’s University Blockchain Research Initiative (UBRI).Cointelegraph spoke to Lauren Weymouth, the senior manager of the UBRI’s University Partnerships Program, and Scott Chamberlain, the academic running the curriculum, to find out more about how blockchain can disrupt the legal industry and the partnership between the ANU and UBRI.Chamberlain will be working alongside the developer behind the Toast XRPL Wallet, Richard Holland, to develop and deliver the course.ANU law school launches blockchain courseChamberlain

April Fools, Celebrity Scams, & Manipulated Markets: Bad Crypto News of the Week

Source Node: https://cointelegraph.com/news/april-fools-celebrity-scams-manipulated-markets-bad-crypto-news-of-the-week
Time Stamp: April 4, 2020 3:56 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin seems to be settling happily above $6,000 and is currently just north of $6,500 again. Let’s hope we’ve seen the last of those $5,000 movements and we’re ready for a steady climb back to double figures before the halving in mid-May. It’s getting closer.In the meantime, the Federal Reserve now appears to have merged into the federal government. An opinion piece in Bloomberg has described how an alphabet soup of financial programs intended to help the economy through the current crisis is allowing the government to buy up securities

Blockchain Experts Weigh in on Russia’s Controversial Coronavirus Tracking App

Source Node: https://cointelegraph.com/news/blockchain-experts-weigh-in-on-russias-controversial-coronavirus-tracking-app
Time Stamp: April 4, 2020 2:31 PM - Modified On: May 21, 2021 - Published By:
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Experts suggest that blockchain technology could have been a better solution for handling coronavirus-related data in Russia.Moscow’s COVID-19 App is pulled from Google PlayOn March 25, an app called “Social monitoring” appeared in Google Play store. According to the app’s description, it was designed for social monitoring as well as for providing access to emergency services.Users soon noticed that the app required many sensitive permissions, including geolocation, bluetooth pairing, biometric data, and calls. Notably, the data was also being openly transmitted without encryption. The backlash against the app led to

IOTA Set for More Exposure on U.S Exchanges After New 2.0 CRC Rating

Source Node: https://coinfomania.com/iota-set-for-listing-on-u-s-exchanges-crc-rating/?utm_source=rss&utm_medium=rss&utm_campaign=iota-set-for-listing-on-u-s-exchanges-crc-rating
Time Stamp: April 3, 2020 6:10 PM - Modified On: May 21, 2021 - Published By:
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IOTA (MIOTA), the native token of the distributed ledger technology project led by the IOTA Foundation, could potentially be listed on more cryptocurrency exchanges in the United States in the coming weeks, Coinfomania has learned. The anticipated listing spree, which has already begun with a Bittrex Exchange listing earlier today, follows a recent rating report published by the Crypto Rating Council (CRC) on IOTA. The digital asset has until now been sparsely traded on U.S exchanges. The reason is that its properties and mode of initial distribution (a token sale)

150-Year-Old Chinese Gas Company Ramps Up Blockchain Adoption

Source Node: https://cointelegraph.com/news/150-year-old-chinese-gas-company-ramps-up-blockchain-adoption
Time Stamp: April 3, 2020 2:01 PM - Modified On: May 21, 2021 - Published By:
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Chinese energy company, Shanghai Gas, announced an expansion of its blockchain efforts following a successful trial partnership with supply chain management blockchain firm, VeChain (VET), on March 31.Shanghai Gas, founded in 1865, is owned by utility services company, Shenergy Group — which claims to occupy more than 90% of Shanghai’s gas market. The firm has an annual supply of over 8 billion cubic meters.Shanghai Gas expands blockchain adoptionShanghai Gas’ trial used distributed ledger technology, or DLT, provided by VeChain to comprehensively monitor its supply chain and identify opportunities for efficiency

Blockchain Head at European Commission Explains Usefulness of DLT

Source Node: https://cointelegraph.com/news/blockchain-head-at-european-commission-explains-usefulness-of-dlt
Time Stamp: April 3, 2020 9:08 AM - Modified On: May 21, 2021 - Published By:
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The head of the digital innovation and blockchain unit at the European Commission (EC), Pēteris Zilgalvis, explained the concise benefits of distributed ledger technology (DLT) in an interview to The Banker, a subsidiary of the Financial Times. In the interview, published on April 3, Zilgalvis talked about the benefits and challenges of the technology.According to him, blockchain provides a powerful framework for data sharing, something that can't be done by normal databases:“We think that it presents an excellent technology for situations where different stakeholders need to collaborate but, due to

Brazilian Regulators Create DLT Platform for Screening Politicians

Source Node: https://cointelegraph.com/news/brazilian-regulators-create-dlt-platform-for-screening-politicians
Time Stamp: April 3, 2020 6:31 AM - Modified On: May 21, 2021 - Published By:
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Four of Brazil’s financial regulatory institutions are collaborating to build a streamlined blockchain-based data-sharing platform to perform background checks on political representatives and corporations.The platform, dubbed PIER, was developed by Brazil’s central bank Banco Central do Brasil (BCB). The platform saw initial participation from the BCB, the Brazilian private insurance superintendent, and the local securities regulator to inform its database. Brazil’s social security supervisor is set to soon participate in the program too. The Brazilian government is also contemplating incorporating data collected by the country’s judiciary, trade boards, and international financial