
Despite the slowing down of the global economy due to Covid-19 and the lingering effects of the crypto winter of 2018 and 2019, blockchain adoption is accelerating in 2020
A blockchain is a decentralized digital ledger used to record transactions across many computers that cannot be altered retroactively, without the alteration of all subsequent blocks.
Despite the slowing down of the global economy due to Covid-19 and the lingering effects of the crypto winter of 2018 and 2019, blockchain adoption is accelerating in 2020
The transportation industry is highly competitive with industry leaders constantly trying to increase efficiency, security and reduce environmental impact to improve customer experience.
Boeing is now collaborating with Multinational Aerospace Conglomerate Honeywell in order to access its GoDirect platform to track and sell airplane parts worth over $1 billion using blockchain technology.
A working group that aims to promote education in the area of blockchain recently announced that eleven new members have been welcomed into its Blockchain Education Alliance.
Insurance companies in China are using blockchain technology to log and manage coronavirus claims during the outbreak.
Blockchain is now becoming a well-known technology. It has the ability to establish a digital record and archive as blocks of transactions that are shared and accessed easily by users.
The majority of people have been wary of bitcoin right from the beginning, especially governments. However, the tides have changed since 2014 when the “blockchain not bitcoin” was coined.
A recent report revealed that blockchain development firm Bitfury will be partnering with the United Nations Development Program (UNDP).
Since bitcoins heyday, the underlying technology of blockchain used for the currency is now gaining attention and recognition with many governments and businesses realising the potential and benefits of blockchain technology.
The technology behind famous cryptocurrencies such as Bitcoin could now be used to catch crypto criminals.