Tag Archives: Blockchain Adoption

The Australian government is taking significant steps in adopting blockchain in its daily operations. Earlier today, the country released its “National Blockchain Roadmap” to improve the nation’s productivity in different sectors.Australia Published Blockchain RoadmapLess than a year ago, the federal executive Government of Australia (the Morrison Government), announced that it will develop a National Blockchain Roadmap. With a cost of 100,000 AUD, its idea was to utilize blockchain usage in...

Two of the largest multinational investment banks in the world, Goldman Sachs and Citigroup, recently conducted a successful transaction utilizing the blockchain technology. Both giants made the first of its kind equity swap, but 13 more are waiting to be fulfilled, as well.Equity Swap On BlockchainAs reported by Forbes, Citigroup and Goldman Sachs completed the successful transaction on January 28th. What makes this equity swap different is the utilized platform called Axcore blockchain,...

Singapore-based blockchain startup Clear just raised $13 million in a Series A round of venture funding. Multinational financial services giant Fidelity facilitated the fundraise. Specifically, its investment arm, Eight Roads (formerly Fidelity Ventures), led the round. It makes sense that Clear went with Fidelity to help it raise venture capital.“Eight Roads is the investment arm that looks at strategic areas for Fidelity,” Clear’s co-founder and executive chairman Eran Haggiag told...

The U.S. Federal Reserve is experimenting with blockchain technology to establish potential use cases for a central bank digital currency (CBDC). Fed’s Governor Lael Brainard said this in a recent speech, but she also noted that risks still exist, and they have to be addressed before launching a digital currency.The U.S. Contemplating A CBDCAs reported by Reuters, Federal Reserve Governor Lael Brainard recently mentioned the country’s potential involvement in central bank digital currencies,...

For more than a decade, there has been one major issue thwarting the adoption of cryptocurrency: transactions simply take too long. Fortunately, researchers at MIT have now announced that they have developed a more efficient system for routing cryptocurrency transactions, which they have dubbed “Spider.”According to ComputerWorld, MIT researchers are able to use this “Spider” routing scheme to make crypto transactions up to four-times faster than ever before (!).Four-Times Faster Crypto...

An interesting graphic compiled by Deutsche Bank compares the early-stage evolution of the Internet and blockchain technology. It shows that the two have relatively similar difficult beginnings, but ultimately the former receives more mass adoption than the latter.Internet Vs. Blockchain Adoption RatesNowadays, it’s hard to imagine living a normal life without constant access to the world wide web. The Internet was one of the most disruptive and ingenious creations of the 20th...

Bitcoin and the alternative coins receive different acceptance from people: from a speculative tool for trading to an investment option, digital gold, etc. Yet, most of them have another, more meaningful purpose that is somehow neglected by the masses when they see only their coins’ prices.While most people are aware of the top digital assets and what they are supposed to do, let’s take a look at other, less-known cryptocurrencies and their usage in the real world, if any.Beginning With The...

It’s the start of a new decade, and industry famous twin Tyler Winklevoss, the co-founder, and CEO of cryptocurrency exchange and custodian company Gemini Trust, has shared his views on what the next ten years hold for crypto.According to Winklevoss, crypto is already becoming more than a niche technology and a form of money, and it will play an essential role in our daily life in the foreseeable future.“Today, crypto is still a niche technology and a form of money. It is not crucial to your...

Softbank, one of the popular banks in Japan, has announced the introduction of a new type of debit card for its clients. Reportedly, the bank will start providing debit cards equipped with Internet of Things (IoT) chips, and it would be usable as a cryptocurrency wallet as well.Softbank Launches Cryptocurrency Debit CardThe popular Japanese bank, Softbank, announced today a new debit card that seeks to implement cryptocurrencies into traditional market products. As with any regular debit...

One of the most influential people within the cryptocurrency community, Changpeng Zhao, recently spoke about the current and future state of blockchain and cryptocurrencies, in general. The founder and CEO of Binance shared his opinion on the market, the prices, and his belief that blockchain will have a more significant impact on the world than the internet.Blockchain’s Impact On The WorldIn a recent interview, Changpeng Zhao, the CEO of the largest cryptocurrency exchange Binance, said that...