Bank of America has filed a patent application for a settlement system citing the Ripple ledger.
Blockchain News
The most basic definition of blockchain is a shared, digitized ledger that cannot be changed once a transaction has been recorded and verified. All parties to the transaction, as well as a significant number of 3rd parties maintain a copy of the ledger (i.e. the blockchain), which means it would be practically impossible to amend every copy of the ledger globally to fake a transaction.
Bitcoin’s success has triggered the establishment of nearly 1000 new cryptocurrencies, leading to the delusion that the only application of blockchain technology is for the creation of cryptocurrency.
However, the blockchain technology is capable of a lot more than just cryptocurrency creation and may support such things as transactions that require personal identification, peer review, elections and other types of democratic decision-making and audit trails.
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by Helen Partz
Fidelity’s crypto arm Fidelity Digital Assets Services reportedly filed with the NYDFS for a New York trust licens.
- Tech Analysis
by Julia Magas
With Ethereum 2.0 to be implemented no earlier than 2020, Vitalik Buterin proposes Bitcoin Cash as a short-term solution to scale the network.
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Italian football club AS Roma will join blockchain-based voting platform for sports through a partnership with sports and entertainment blockchain firm Chiliz.
- News
by Helen Partz
Global oil operators can save at least 30% by using blockchain, CEO of blockchain startup Data Gumbo said.
- News
Privacy-focused digital currency Zcash has forked into new blockchain network Ycash, whose total supply amounts to a 21 million coins.
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A mobile crypto wallet has added a DApp browser, enabling users to access thousands of decentralized services in one place.
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The State of New Jersey has accused a blockchain-related firm of conducting an unregistered securities sale when it sold its token to investors.
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