A major Chinese alcohol wholesaler has begun testing its blockchain verification solution, approximately one year after partnering with a blockchain developer.
Technology News
The definition of blockchain technology is a shared, digitized ledger that cannot be changed once a transaction has been recorded and verified. Bitcoin and blockchain technology’s success has triggered the establishment of more than 1,500 new cryptocurrencies, leading to the delusion that the only application of blockchain technology is the creation of cryptocurrency. However, blockchain technology companies can support such products as transactions that require personal identification, voting, peer review, supply chain management and many other fields. Cryptocurrency technology is implemented for additional privacy, security and the speed of transactions. Blockchain technology companies use various forms of crypto technology to perform different tasks and fit different requirements in power consumption, scalability and mining algorithms.
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A blockchain platform and a gaming company note their partnership will benefit millions and pave the way for mainstream adoption in China.
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As Dubai’s government aims to propel the largest number of blockchain use cases in the world, a DAG platform offering smart city infrastructure has come on boar...
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by Thomas Simms
Igor Sechin, the head of Rosneft, believes that barrels of oil could one day be paid for using cryptocurrencies.
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by Thomas Simms
According to Kodak, its blockchain document management platform can help organizations achieve cost savings of up to 40%.
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by Thomas Simms
Many enterprises have unrealistic expectations when looking to implement blockchain, the research firm Gartner has warned.
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