Tag Archives: Blockchain technology

HSBC Conducts Blockchain-Based Forex Trade Worth $250bn In 2018

The HSBC Bank based in London has used Distributed Ledger Technology to complete Forex trading transactions worth over $250 billion. The report, therefore, shows that the London-based bank is a leader in adopting the emerging technology that is yet to be embraced on a large scale across industries in the world. The significance of this […]
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NASA Is Proposing A Blockchain-Based Air Traffic Management

According to RT, the National Aeronautics and Space Administration (NASA) is exploring opportunities and risks of launching a Blockchain technology platform to control and manage air traffic. If the proposal is adopted, experts believe that NASA will be able to develop a blockchain-powered infrastructure to manage air traffic operations. The new platform will proffer maximum […]
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Blockchain Modernizes Patient Data Management And Research Funding In Medical Industry

The Health Sector is one of the major beneficiaries of the ever-growing Blockchain technology. According to a Cointelegraph report, Distributed Ledger Technology is increasing funding for medical research while modernizing the handling and coalescing of patients’ data records. Improving these two areas collectively overhauls the health sector by leading to better healthcare delivery through data-driven […]
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5 Ways Cryptocurrencies Are Making the World a Better Place

Over the last three years, cryptocurrencies have made dramatic changes in the world. Governments and corporations that initially warned their clients about investing in cryptocurrencies now embrace them. Some have even created their digital currencies and blockchain networks to enhance their operations. It is no secret or difficult to see that cryptocurrencies are making the […]
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What Is An ICO?

Initial Coin Offering (ICO) can be defined as the creation and sale of digital assets. During an ICO, a given amount of digital tokens is made available to the public. In most cases, the public buys the ICO tokens using other major virtual currencies such as Bitcoin and Ether. ICOs have emerged as the most […]
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US DoD Is Investigating The Impact Of Blockchain Application In Its Supply Chain

The US Department of Defense (DoD) has convened a two-day seminar to investigate the role of Blockchain technology in its US Defense Logistics Agency (DLA). The DLA is an organization that is responsible for managing the supply chain of some federal agencies, the military, and even some foreign US allies in NATO and beyond. The […]
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Blockchain’s Scaling Problem, Explained

Blockchain’s Scaling Problem, Explained

Ever since the world’s first cryptocurrency was launched,the excitement around the blockchain technology has been building up. In years gone by, the idea of decentralized virtual currencies looked far-fetched. In recent years, however, more people are waking up to the fact that cryptocurrency is headed towards mainstream adoption. Despite its incredible growth, the main issue […]
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Why Use a Blockchain?

There is no doubt that we are living in a digital world and blockchain technology is among the world’s leading platforms for digital assets. The blockchain platform is increasingly becoming essential in the modern world, but the big question is; why use a blockchain? As this technology becomes more popular, a lot of money is […]
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What Is the Difference Between a Blockchain and a Database?

We can all agree that blockchain technology has become part of our everyday lives. Despite being at its infancy stage, the technology has already given rise to some significant developments. Two terms that are synonymous with blockchain technology are; blockchain and database. There is so much confusion surrounding these two terms, and some people tend […]
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What are Blockchain’s Issues and Limitations?

Blockchain is an innovative and beneficial technology that has shown some remarkable uses so far. However, just like any other technological revolution, it went viral before we could taste some of its failures and shortcomings. While it may be easy to sit down and write all the good things about blockchain technology, the reality is […]
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