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Blockchain technology News

12 Apr 2023

Launch Of BBK Might Be A Game-Changer For Blockchain Technology

BBK stands out due to its hybrid PoS/PoA consensus model, allowing for speedy block confirmation and resilient network security.

Flipkart Metaverse

02 Dec 2022

Flipkart joins Polygon to launch metaverse use cases in e-commerce space

Flipkart on Friday partnered Ethereum-based Blockchain platform Polygon to set up a centre of excellence (CoE). It will work on research and development of Web3 and metaverse commerce use-cases in India. Flipkart has launched FireDrops, an easy-to-use NFT platform for brands to explore community building, more.

04 Apr 2022

Britain sets out plan to exploit crypto potential

Later on this year Britain will consult on creating regulations for a wider set of cryptoassets like bitcoin, taking the sector`s energy consumption into account. All stablecoins that reference a fiat currency should be regulated, the government said. Later on this year Britain will consult on creating regulations for a wider set of cryptoassets like bitcoin.

24 Jan 2022

PM Modi interacts with Pradhan Mantri Rashtriya Bal Puraskar recipients: Watch

Twenty-nine children, including 14 girls, were awarded in six fields -- innovation, scholastic achievements, sports, arts and culture, social service and bravery.

05 Dec 2021

Blockchain technology to change society, says Aatash Amir

Either way, PoW mining uses an exorbitant amount of energy, compared to the 0.0006kWh used in Mastercard transactions. Bitcoin and many other cryptos use proof-of-work (PoW) to mine coins.

22 Sep 2021

CBSE to use Blockchain Tech to secure board exam results documents

CBSE comes up with Blockchain technology to record its results certificates Blockchain technology ensures documents recorded in a secure and temper proof manner Institutes can verify at the time for admission for higher studies

non-fungible token

02 Mar 2021

How a 10-second video clip sold for $6.6 million

The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital signature to certify who owns it and that it is the original work. It's a new type of digital asset - known as a non-fungible token (NFT) - that has exploded in popularity during the pandemic. Blockchain technology allows the items to be publicly authenticated as one-of-a-kind, unlike traditional online objects which can be endlessly reproduced.

06 Nov 2019

Volvo Cars to trace battery cobalt using blockchain technology

Volvo Cars said on Wednesday it will make the cobalt used in its batteries globally traceable using blockchain technology, following an agreement with its two battery suppliers, China`s CATL and South Korea`s LG Chem.

01 Aug 2018

Energy-intensive Bitcoin transactions pose environmental threat

Bitcoin and similar blockchain technologies consume more electricity than entire nations may prevent the world from achieving the climate change mitigation targets under the Paris Agreement, a study has warned.

Trai draft regulations

29 May 2018

TRAI notifies draft norms to curb pesky calls, texts

The new features of the regulation are adoption of Distributed Ledger Technology (or blockchain) as the RegTech to enforce regulatory compliance while allowing innovation in the market.

blockchain technology

17 Apr 2018

Blockchain to have mixed implication on banking system: Moody's

Besides, reduction in cost, blockchain technology can decrease time involved in cross-border banking transactions.

19 Sep 2017

IBM outranks Microsoft as top Blockchain technology leader

For a layman, a blockchain can serve as "an open, distributed ledger that can efficiently record transactions between two parties".

blockchain technology

16 Aug 2017

Microsoft announces 'Coco Framework' for blockchain networks

A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography.

12 Oct 2016

ICICI Bank executes India's first transaction on blockchain

ICICI Bank Wednesday announced that it has successfully executed transactions in international trade finance and remittances using blockchain technology in partnership with Emirates NBD.

10 Aug 2016

HSBC, BofA apply blockchain to trade finance, seek more partners

HSBC and Bank of America Merrill Lynch said on Wednesday they had created the world`s first application using blockchain technology to simplify one of the most cumbersome aspects of trade finance.

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