Wells Fargo Needs Tech Upgrade, Time to Partner With Ripple?

Wells Fargo customers are not satisfied with the bank’s old technologies and systems and call for an upgrade. Is it time to adopt blockchain-based solutions or distributed ledger systems like Ripple? While this might be the story of other US banks, Wells Fargo’s struggle is quite representative. From Innovative to Primitive Back in the ‘90s, Wells Fargo was the first American bank to offer online banking. However, the lender is falling short of clients’ expectations in terms of innovations, according to current and former employees. Recently, the Wall Street Journal…

Dead Crypto Projects Declined in 2019, Are Altcoins Reviving?

The past two years have been brutal for the majority of altcoins to say the least. One statistic has been positive however, and that is fewer crypto projects ‘died’ in 2019 than in 2018. 2019 Not as Bad For Altcoins Bitcoin was the clear king of the crop in terms of performance during 2019. Only a handful of altcoins such as Binance Coin, Tezos, Chainlink and HT managed to surpass it in terms of gains. New research by LongHash has revealed that as bad as last year was, 20% fewer…

World’s First Blockchain-Powered Phone Arrives at CES 2020

CES 2020 is about to open a new decade of consumer electronics inventions, and the star of the show is the world’s first blockchain-powered smartphone. Blockchain Phones Are Hot Business With the arrival of 2020, the world has officially entered into a new decade, which will undoubtedly bring new technologies and inventions, but also new threats. When it comes to threats online, there is definitely no shortage of them. Hackers and other cybercriminals seem to be everywhere, with malware, viruses, and alike constantly getting more sophisticated. Meanwhile, the number of…

How China’s National Cryptocurrency Will Improve the Nation’s Economy

According to recent information, China’s e-yuan will roll out in early 2020, and it will be very cautious, initially only focusing on consumer spending. Recent reports regarding China’s upcoming cryptocurrency claim that Beijing is preparing to launch the so-called ‘e-yuan’ in early 2020. This will be the world’s first digital sovereign currency. However, the reports also indicate that China plans to be very tentative with its new coin and the initial rollout process. The new technology is bound to be very disruptive, which is why China plans to take each…

BigTech Companies See Bitcoin Technology as Empowering

Social media giants are no longer opposing the power of decentralization and bitcoin technology. Instead, they are embracing it to solve the problems of a centralized Internet and put the power back in people’s hands. Bitcoin Decentralization ‘could unload some of their burdens.’ Since Bitcoin’s inception, many in the financial and technology sectors saw Bitcoin and its blockchain technology as a threat. And, their first reaction was to oppose it vehemently. Inevitably, however, the concept of a decentralized Internet triggered by Satoshi Nakamoto is now increasingly driving technological innovation in…

President of Pakistan Voices Concerns Over Blockchain Tech

According to Dr. Arif Alvi, the President of Pakistan, the country’s industrial sector needs to prepare for dealing with disruptive tech, such as AI, blockchain, and IoT. Beware the Blockchain New, emerging technologies are spreading around the world, and while they may be well-known and common in some countries, they are only just arriving in some areas. Things such as IoT, Artificial Intelligence, Blockchain, and robotics, while advanced, also have a reputation for being highly disruptive. So much so that Pakistan’s President has allegedly warned the industrial sector of the…

Will China Win the Blockchain Race Leaving the US Behind?

China is the clear blockchain tech leader at the moment and the US is in danger of missing out entirely if it doesn’t even get off the starting line. China Leading the Way There have been no mistaking China’s intentions when it comes to blockchain technology. President Xi Jinping’s public endorsement of digital ledgers sent crypto markets skyrocketing in late October though there were subsequent efforts to quell the fever for digital assets which Beijing definitely does not approve of. According to a recent report by CNBC China could dominate…

Jack Dorsey Funds Development Of Decentralized Social Media Standard

Twitter and Square CEO, Jack Dorsey, has just announced that Twitter is funding a small independent team to develop an open and decentralised social media standard. The ultimate aim is for Twitter to then be a client of this new standard. Dorsey Brave New World Dorsey described the plans in a tweet thread earlier this morning, and was immediately supported by both Anthony Pompliano and Vitalik Buterin. Whilst in its early years Twitter could potentially have become a decentralised internet standard, it ultimately took a path towards greater centralisation. However, in the…

Blockchain To Ensure ‘Ethical Provenance of Gold’, Protect Miners Health

The global luxury jewelry industry and the mining industry are exploring blockchain technology to improve efficiency, tracking of materials, and enhancing transparency. Most importantly, the aim of using blockchain technology includes protecting miners’ health and the environment. NYT: “Blockchain Is a Growing Niche Within the Global Jewelry Industry” The World Gold Council indicates that the extraction of gold by artisanal and small-scale gold mining (ASMG), includes ills ranging from funding and participation of illegal armed groups and the use of mercury in the environment. In this connection, the jewelry and…

SpaceChain Sends Blockchain to Int’l Space Station

SpaceChain announced Thursday that its blockchain-based hardware wallet tech is about to reach the International Space Station (ISS). The technology is on a SpaceX Falcon 9 rocket, which took off yesterday from Cape Canaveral, Florida. Blockchain Goes to the ISS This is the first blockchain demonstration on the ISS. The hardware wallet will be integrated into Nanoracks’ commercial platform on the station. Nevertheless, this is not the first time that blockchain has gone into space. SpaceChain has previously sent two blockchain hardware units into space, initiating a decentralized orbital network…