Japan’s GMO Internet to Use Blockchain in Its New Online Banking Business


Japanese internet services giant GMO Internet Inc. has today launched a new internet banking business that will leverage blockchain as a central part of its technological arsenal. The news comes from a company announcement Tuesday, July 17.

The project has reportedly been in the works since July 2016 via the ‘GMO Aozora Net Bank,’ in which GMO Internet, GMO Financial Holdings and Aozora Bank are joint investors.

According to today’s announcement, blockchain will feature as a key component of the new venture, alongside other cutting-edge technologies such as artificial intelligence (AI) and Internet of Things (IoT).

GMO says it believes the new venture has “a high potential for increasing corporate value in the future.”

According to Finance Feeds, the new banking strategy will be open to GMO’s corporate and retail clients, tailoring core banking services such as deposits and exchange for e-commerce businesses, as well as offering products developed with partner securities firms.

The Tokyo-headquartered internet services provider declared ¥43.705 billion (around $387.5 million) in net sales in the first quarter of 2018, up 17.5 percent from a year before.

GMO’s decision to harness blockchain technology at the center of its new internet banking venture is in keeping with its significant prior investments in the crypto and blockchain space.

The company already runs its own GMO Coin crypto exchange, a major mining operation and has even embraced paying a portion of its staff payslips in Bitcoin (BTC).

This March, GMO Coin pledged to improve its data security after local regulators identified shortcomings during a cross-industry probe that followed the high-profile $530 million hack of Japanese exchange Coincheck in January.

Most recently, the company has announced it will be debuting its Bitcoin-based application for in-game rewards — dubbed ‘CryptoChips’ — this August.





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IBM, Columbia University to Establish Blockchain & Data Transparency Center


IBM and New York-based Columbia University will collaborate to establish a blockchain and data transparency center.

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Tech giant IBM and Columbia University announced on Tuesday that they would create a center focused on research and education regarding distributed ledger technology (DLT), commonly known as blockchain. The new center will also touch upon data transparency. Besides its research branch, the center will have an innovation accelerator to help entrepreneurial students and startups develop blockchain-oriented businesses ideas. 

The Columbia-IBM Center for Blockchain and Data Transparency will include experts from academia, business, government, and the scientific community. They will research issues associated with the “policy, trust, sharing and consumption” of digital information in the context of DLT and other technologies.

The center will focus on the following:

  • Carrying out research and supporting scientific advancements in blockchain and data transparency across multiple industries,
  • Implementing DLT in new ways,
  • Consulting on emerging regulation related to blockchain and data transparency,
  • Developing methods to find an ideal balance between regulatory and data ownership issues with data monetization systems,
  • Supporting professional skills related to DLT and data transparency through education and internships,
  • Helping startups via a blockchain-oriented accelerator.

The new center will focus on research in technologies like secure multi-party computation, secure hardware, homomorphic encryption, fraud reduction, and others. This will stimulate the development of new business models, solutions, and policies to ensure secure data sharing while maintaining a high privacy degree.

Arvind Krishna, senior VP of Hybrid Cloud and director of IBM Research, commented on the collaboration:

“Our work with clients has shown that blockchain can benefit industries and with that comes a responsibility to deploy it in ways that will foster greater trust and transparency in data.”

“With Columbia, we are able to bring together leading thinkers on applying blockchain and data best practices based on extensive research and business experience and together prepare a new generation of technologists and business leaders.”

John H. Coatsworth, Columbia University provost, stated:

“Our students and faculty, working together with IBM, will play an important role in the vibrant exchange of ideas and research surrounding this transformative technology.”

Today, IBM also announced a partnership with financial services company Stronghold to back its stable coin Stronghold USD.



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50,000,000 INVE Rewards. World’s First Support Million TPS Practical Blockchain 4.0 Project—InterValue Launches The Bounty Program


BEIJING, China, July 17, 2018 (GLOBE NEWSWIRE) — The speed of InterValue 2.0 testnet single intra-subnet transaction confirmation is reached 280,000 TPS

InterValue released it’s v2.0 testnet, this version featured the newly designed HashNet consensus mechanism. Hashnet uses a two-layer gossip topology to form a divide-and-conquer distributed ledger system by ”intra-shard autonomy, inter-shard collaboration”. It enables rapid delivery of transactions between nodes in different shards. The speed of InterValue 2.0 testnet single intra-subnet transaction confirmation is reached 280000 TPS, in theory, with limitation the TPS, the whole capacity and transaction speed have reached to hundreds of thousands, it is in a leading position worldwide.

Obtained many financial institutions

InterValue received investments from many local and oversea financial institutions:

ROOTS CAPITAL, BENRUI CAPITAL, EYU CAPITAL, GENESIS CAPITAL, HUAYING CAPITAL, STARWIN CAPITAL, HELLO CAPITAL, BTCDO, SKYLINE CAPITAL, SKYWALK CAPITAL, REFLEXION CAPITAL, CLOUDCHAIN CAPITAL, GAMA CAPITAL, KYLIN CAPITAL, AREA NINE TECHNOLOGY, CRYPTO LABORATORY, OBSIDIAN CAPITAL, OK CRYPTO.

Next programmer

After InterValue released it’s v 2.0 testnet, the team will continue to advance in all aspects of the work according to the plan, especially in DAPP research and ecosystem construct.

In Q3 2018, an anonymous privacy protection function based on zero-knowledge proof and ring signatures will be added to V2.0 testnet will be introduced.

In Q4 2018, cryptographic algorithms, signature algorithms, and hash algorithms for anti-quantum attacks will be added, then InterValue will release its v 2.0 testnet and its main net will be officially launched.

At the same time, the applications based on InterValue’s blockchain will be rapidly advancing. The team plans to develop a distributed social platform and globally distributed storage grid both based on InterValue.

In addition, the InterValue team, as a technology provider, has collaborated with several companies that have used blockchain technology to optimize and enhance existing business processes, with the prospect of using InterValue infrastructure in a number of practical application areas and scenarios.

InterValue will launch DAPP development incentive plans on InterValue to ensure that more resources, teams, and technical talents contribute to the development of DApp based on InterValue, and InterValue will be deployed across as many industries and actual scenarios as possible. At the same time, the team is building a community of blockchain technology universal and a coalition of partners, and the team has gained increasing public support.

INVE bounty program

There will be 50,000,000 INVE (the market value of the rewards stood more than $1 million) for rewards. We will be processed on a first-come-first-served basis until the rewards are distributed. INVE rewards can be exchanged the INVE Token in 1:1 equivalents (no lock period). INVE planned to list on the exchange on August or September. Tokens issued on Ethereum blockchain will be officially converted to INVE at the rate of 1:1. 

Award

  1. Sign up now for 88 INVE, Refer a friend for registration with 10 INVE.
  2. Participate in ”knowledge expert” answering with  100 INVE
  3. Official community rewards are continuing every day, please join the community quickly
  4. Retweet and forward the microblog and the maximum reward can be 10000 INVE.
  5. “ Content Ambassador ” the maximum reward for fantastic content can be 50000 INVE.
  6. Top ranking can receive additional rewards.

Weekly Lucky Draw, we will select at random 100 new registered members for 88 to 8888 INVE.

Bounty time

  1. Upcoming events will start on July 16th, 2018, 12: 00(GMT+8)
  2. Formally launch on July 19th, 2018, 12:00 (GMT+8)
  3. End on August 19th 12:00 (GMT+8).

Fruitful activities, easy participation, multiple chances! The InterValue team hopes everyone can participate in the program actively, co-construct the blockchain 4.0 ecosystem.

INVE bounty program task

  1. Content ambassador award
  2. Promotion ambassador award
  3. Community ambassador award
  4. Recommend ambassador award
  5. Newly registration award
  6. Knowledge expert award
  7. Ranking award

Please visit our websites and the official community for more details!

Bounty program: https://www.inve.one

English telegram: https://t.me/InterValueProject

Chinese telegram: https://t.me/InterValue

Telegram official ann channel: https://t.me/InterValueofficial

English BiYong: https://0.plus/InterValueProject

Chinese BiYong: https://0.plus/InterValue

WeChat: join admin’s wechat: inveone

 

INVE reward is distributed by InterValue admin, Beware of advertisement, phishing, scams. If you have any doubt with our ”INVE bounty program”, please contact the admin or send email to intervalue@inve.one

WeChat: inveone  Telegram: @Daninve

Eileen
InterValue
intervalue@inve.one



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Blockchain changes the world



https://kcn.media The development of blockchain technology can change the world because the blockchain already becomes a key infrastructure in …



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DoE Backs Blockchain Energy Platform with $1 Million US Grant


The U.S. Department of Energy (DoE) has announced it will award 95 grants for a total of $95 million to 80 businesses in 26 states. One beneficiary is blockchain business Grid7, which is set to receive almost $1 million as a government grant.

DoE Backs Blockchain Energy Project

Grid7 is being awarded $999,363 by the DoE and previously received around $150,000 in 2017 through an earlier phase of the same program. The Colorado-based project aims to provide a “scalable platform for secure energy transactions and control.”

According to the database: “The project will develop a novel software platform to address critical cybersecurity threats for power plant control systems, industrial control systems, and Cyber-Physical Systems (CPS) by leveraging blockchain and other patent pending cybersecurity technologies developed in this project. Other applications will enable secure energy transactions to increase grid reliability and integrate a more decentralized energy infrastructure.”

Grid7 claim that the electric grid is transforming from a centralized system, via a decentralized system, to a distributed system. At this point, Distributed Energy Resources (DERs) come together in the form of Nanogrids and Microgrids. These include distributed solar, energy storage, and electric vehicles.

Fed Gets Licence to Use Blockchain Product

The funding, which was awarded in the second phase, went to startups that had shown “technical feasibility for innovations” during the initial funding round. This means the blockchain project had convinced the DoE that their product was feasible and worthy of development.  If the project meets the third phase of funding, it would receive federal or private funds which would have no dollar or time limits.

The DoE recognised that small businesses play a large role in pushing innovation and creating jobs in the U.S. economy. It also highlighted that the programs were created to advance innovation in federal agencies leading to the possibility of a government agency adopting the blockchain model. For projects that receive this funding, they give the government a royalty-free licence for Federal Government use.

Managing Partner of Grid7, David Cohen, was previously an executive board member of the IOTA Foundation, which is focused on the sharing economy and the Internet of Things (IoT). Cohen was a founding Emeritus Member of the GridWise Architecture Council (GWAC), which helped create the vision for the SmartGrid industry and contributed to drafting the Energy Independence and Security Act of 2007.

Grid7 used rule 506(b) as an exception to its token being classified as a security even though its claimed type of offering was the simple agreement for future tokens (SAFT). This model was said to be a securities offering, “at least initially,” by the U.S. Securities and Exchange Commission (SEC) when it announced that Ethereum was not a security. The filing also showed that nearly a quarter of a million pounds has so far been raised in the token sale, which has no hard cap.

Featured image from Shutterstock.



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IAB begins piloting efforts for blockchain tech | Digital


Credit: phive2015/iStock

There’s no shortage of skeptics and believers when it comes to blockchain technology, but the biggest question as it applies to digital advertising is pretty basic: What actually makes sense?

The Interactive Advertising Bureau’s Tech Lab on Tuesday revealed details of a Blockchain Working Group pilot program that is designed to answer that question.

The effort will provide blockchain companies such as MetaX, FusionSeven, Kochava Labs and Lucidity a real-world environment for testing products and services using the tech. The trade body will later release results highlighting the uses for the tech, the value it provides and best practices.

Back up! WTF is blockchain?

The common understanding that blockchain involves some form of currency, but that’s not always true.

Essentially, think of blockchain as a database that’s stored in the sky, where every person who accesses it also has a copy. Participants need to agree to change the data.

It’s as if the contact list in your phone was accessible by all your friends. Here, everything is shared and it’s impossible to change anyone’s information but your own. And when you do change your info, everyone else will have the updated version.

In advertising, some say tamper-proof and transparent blockchain logs can eliminate ad fraud, for example.

But could it add another so-called ad-tech tax to the equation in the process? Such services certainly won’t be free.

“It will add small fees,” Sam Kim, CEO of Lucidity, which is part of the Tech Lab’s blockchain initiative. “But that will pale in comparison to the money saved, recapturing wasted spending from fraudulent impressions and wasted hours fighting discrepancies.”

Dennis Buchheim, senior VP and general manager at the IAB Tech Lab, isn’t sure if blockchain means more fees for marketers. “This is part of our network pilots,” he says. “It’s an important aspect of blockchain technologies to determine.”

Lucidity is piloting its “Layer 2” tech to with the IAB to verify impressions and provide transparency through the programmatic supply chain. Kim says its tech can profess and verify high volumes of data from multiple parties to reach a consensus on a blockchain. Its plans to follow up with a series of tests touching on fee transparency, digital publisher signatures and audience verification.

MetaX, another company testing its technology with the Tech Lab, operates the AdChain Registry, which uses blockchain to maintain a list of brand-safe sites, as determined by those who purchase its tokens.

The IAB Tech Lab says it’s dedicated to understanding how the technology applies to advertisers and publishers’ needs, adding that it has some 150 member companies participating in its blockchain efforts.

“Blockchain technology was developed to solve a very specific problem: storage and transfer of digital assets between peers without the need for an intermediary,” Buchheim says. “As the world transitions to digital representation and storage of assets, there are only two ways to manage the digital transactions: either through third-party intermediaries—banks or credit card processors—which is what we do today, or via Bitcoin-like networks with well-defined protocols to authenticate the entities, validate their asset holdings and verify transactions.”

“We believe the protocols that are at the core of blockchain could be transformative for transparency in our supply chain,” he says, “potentially adopted as components or in their entirety.”





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Waltonchain Talks Blockchain Use in Food, Water Resources to Korean Association


China-based Waltonchain spoke about the applications of blockchain technology in Korea’s food and water resources sectors before the newly established Korean Blockchain Company Association.

China-based cryptocurrency company Waltonchain has delivered a talk on Korea’s Livestock Food Revitalization and ‘Innovative Power of Blockchain Beyond Information Age’ before the new Korean Blockchain Company Association.

According to an official translated Waltonchain tweet,

“WaltonChain attended the inaugural meeting of the Korea Blockchain Company Association, held in the Congress Hall meeting room. In this event, the lecture was conducted by the CTO of Waltconchain, the President, and the ‘Innovative power of Blockchain beyond the Information Age’, with Waltonchain and the Korean concentrated food and water movement headquarters.”

This latest talk between Waltonchain and Korean officials has spurred a great deal of excitement throughout the Waltonchain community, particularly over reddit, as investors speculate on increased Korean adoption of Waltonchain’s RFID chip-based supply chain management system. The discussion of Korea’s food and water resources here could be hinting that the nation is exploring possible use-cases for Waltonchain in this area.

This is not the first time we have heard about South Korea and Waltonchain working together recently, as only last month on June 11th, Waltonchain partnered with the Korean Standards Association (KSA) to accelerate blockchain technology R&D, with the opening of a new blockchain technology institute in the nation’s capital, Seoul. 

Further reports also stated that this partnership will involve Waltonchain providing professional certification courses to ensure sensible policies are created by the KSA, to optimise the implementation of this new technology.

While we wait to hear more on this story, Waltonchain (WTC) price has been slow to respond to this news, up a mere 0.10% today. With Bitcoin getting a lot of attention at the moment over recent ETF speculations, perhaps WTC will have to wait until later for investors to begin banking on this new development.



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Best BlockChain Training Course | KVCH Noida – Placement Assistant on Vimeo


KVCH Company delivers best BlockChain training course with live project in Noida for Btech, BCA, MCA, BBA, MBA. The skilled development company has been recently entered in the list of top five BlockChain training institute in Noida. We provide free demo classes and Provide job placement.
https://kvch.in/best-blockchain-training-in-noida.html



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Why Stripe Gave Up on Bitcoin and Blockchain Payments


In 2015, digital payments giant Stripe unveiled a tool for merchants around the world to accept Bitcoin. At the time, Stripe’s news came as further evidence that a cryptocurrency revolution was underway. But this April, Stripe pulled the plug.

What happened? According to Stripe COO Claire Hughes Johnson, speaking at Fortune‘s Brainstorm Tech conference on Tuesday, Bitcoin and other blockchain-based payment services are slow, impractical, and overhyped.

She noted that clearance times for a Bitcoin transaction right now are about 60 minutes, and that last December it reached three to five days. Hughes Johnson said the backlog was so bad that merchants sometimes had to file a second transaction to account for bitcoin price fluctuations that occurred between when a purchase occurred and when it cleared.

She also questioned whether there is any mainstream purpose for Bitcoin and other cryptocurrencies.

“The killer app for Bitcoin out there today is ransomware,” Johnson quipped, referring to the preferred payment method of criminals who ransom computers.

Hughes Johnson’s assessment is the latest reality check for those who once thought cryptocurrencies like Bitcoin would become as ubiquitous as credit cards. Even more sobering was her assertion that blockchain—the distributed ledger technology on which Bitcoin is based—is also overhyped.

“I do think we’ve reached that jump the shark moment where you just say ‘da-da-da blockchain’,” said Hughes Johnson, adding that the SEC is rightfully stepping in to check a flood of scammy blockchain projects.

According to Hughes Johnson, the problem with blockchain is that it appears to be duplicative of existing database tools, many of which are rapidly improving. She predicts blockchain won’t catch on in a mainstream way for a decade—if ever.

Not everyone is so pessimistic. Bridget Van Kralingen, SVP of Global Industries, Platforms, and Blockchain at IBM, said the technology is already proving its mettle in three key areas: supply chains, cross-border payments, and identity verification.

Van Kralingen made the case that the immutable nature of blockchains—which lets parties across the world create a tamper-proof transaction record without intermediaries—mean the technology is already making business processes faster and more secure.

IBM is likewise optimistic about cryptocurrency. On Tuesday, the company announced it is testing a so-called “stable coin,” which will maintain a one-to-one value with the U.S. dollar. Van Kralingen explained the stable coin will avoid the wild volatility associated with Bitcoin, and serve as a practical transaction mechanism.

IBM is not the only company that sees a real world role for blockchain and cryptocurrencies right now. Asheesh Birla, SVP of Product at Ripple, which supplies blockchain to banks, said the technology is already making an impact in the financial world—notably in emerging markets.

Birla described North Americans as “over-banked” with their plethora of credit cards and payment services like Venmo and PayPal but said the opposite is true in places like South Asia.

“If you’re going to expand into a new country today, you’re going to use blockchain for that expansion,” said Birla.



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3 Blockchain Startups and 1 Big Move to Patient Data Ownership


C. Gourarie

patient data ownership,blockchain phishing,blockchain healthcare data,blockchain genomics,hca news

This year, close to 2 million patients have been affected by data breaches in at least 18 different hacks. And that’s without tallying the countless records affected by breaches that haven’t been quantified, like the ransomware attack on Allscripts, the electronic health records (EHRs) vendor that serves 7.2 million patients and thousands of practitioners.

The breaches ranged from sophisticated ransomware attacks to phishing emails and stolen laptops, but they all pointed to a common problem: the troubling state of healthcare data in an era when every industry is driven by data.

>> READ: Big Healthcare Players to Explore Blockchain’s Viability

There is great promise in an alternate future where healthcare data infrastructure is secure, private, and shareable among patients, practitioners, and researchers. And there is a crop of healthcare companies that are betting on that future, and they plan to use blockchain technology to build it.

Although they differ considerably, companies like Longenesis, Coral Health, and Nebula Genomics all hope to give patients control over their medical data—fitness tracking, lab results, or their genetic code—and even enable them to get paid for sharing that information.

These companies seek to solve the double problem of making healthcare data both accessible and secure. Currently, healthcare data is siloed, fragmented, and often sealed. Patients repeat procedures or must physically send results from one office to another, while practitioners diagnose and treat without complete medical histories. Across countries and states, information is locked, sometimes even within the same hospital, in departmental or software silos.

However, on the flip side, centralized data centers pose significant security and privacy issues, evidenced by the Allscripts breach.

As we move into a future of precision medicine, synthetic drug discovery, and an industry fueled by data, access to medical data and the shaping of its infrastructure will become even more crucial.

That’s why companies are turning to blockchain for the solution. Blockchain is best known for its most popular application, the digital currency bitcoin, but the underlying technology is not specific to currency. A blockchain is a decentralized database, and its fundamental advantage is that, unlike a company-based server farm, there is no single point of failure or control. A blockchain-based system is also by definition immutable, which makes it less vulnerable to certain kinds of fraud and corruption.

The budding startups in this space are at various stages of deployment, and they focus on different data types, including genetic data, EHRs, lab data, and even selfies—but all are hoping to shape the future of healthcare.

 

Why the Blockchain?

Blockchain technology is hailed as the solution to the impossible: creating a database that is secure, accessible, private, and transparent. Generally, those traits are incompatible, meaning we trade access for security and transparency for privacy.

But blockchain resets those trade-offs. It redistributes control to multiple actors so that there is no single point of failure and no single point of access.

The technology’s second primary advantage is that it can’t be changed. As the name suggests, a blockchain is a series of blocks of code, strung together like beads on a necklace. Each block of code is a transaction, and once it’s been added to the chain, it can’t be removed, which makes the blockchain uniquely transparent.

>> READ: Checking the Pulse of Blockchain in Healthcare

But the blockchain doesn’t solve many other tricky questions regarding privacy and security. The technology itself is not impenetrable, and, more important, it is not a closed system. Since any blockchain-based system will need to be connected to the real world, its security is highly dependent on the infrastructure built on top of it, such as accounts, storage, encryption, and identity validation.

Each of the startups Healthcare Analytics News™ reviewed have different solutions to connecting the real world with the blockchain and protecting the user data so that the information can’t be de-anonymized or removed from the closed system of the blockchain. But it’s also important to note that while the blockchain offers advantages over traditional database systems, it is not a magic bullet.



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