Tag: Private

Not Every Bank Needs Their Own Private Blockchain

It is no secret that every financial entity in the world wants to create their distributed ledger. Rather than embracing an open standard, banks want to control everything that goes on with blockchain technology. A lot of institutions are forking the Ethereum blockchain to create a permissioned ledger. That is rather interesting, considering that there are so many blockchain providers out there. Everybody Gets Their Own Blockchain! The primary purpose …
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Royal Bank of Scotland Tests Private Ethereum Blockchain For Domestic Payments

Ethereum blockchain technology is of great importance to many financial institutions all over the world.The Royal Bank of Scotland has completed development of a clearing and settlement mechanism using the Ethereum distributed ledger. Smart contracts are also being used to automate the remaining processes. Another Validation of Ethereum Blockchain Technology Although it is well-known that nearly every financial institution in the world is looking at blockchain technology, very few projects …
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Ray Valdes On Underwhelming Blockchain Projects

The usage of blockchain technology has been widely debated, and a lot of people still feel there is more hype to this technology than anything else. Gartner fellow Ray Valdes took things even further, by stating how 2016 is the year f “pointless blockchain projects”. Moreover, he is not a big believer in the future of this technology either. An interesting take on things, but could he be right? The …
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Russian Media Tycoon is Offering 1000 BTC Reward To Help Identify Hackers

Russian media Tycoon Aram Gabrelyanov is offering a reward of 1,000 BTC to anyone who can help track or identify the group of hackers behind the heist of some of his private documents.  An ad offering personal information about Aram Gabrelyanov, General Editor of the Russian portal Life was seen at The exchange of information, a marketplace where private and sensitive information is offered to the best bidder. Anonimous International is asking …
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