What is the difference between centralisation and decentralisation? According to Dictionary.com Centralisation is the concentration of control of an activity or organization under a single authority. “The centralization of all financial power in the hands of its leaders.” The action or process of bringing activities together in one place. “Greater centralization of food production” Decentralisation …
Blockchain is an innovative method of securing established activities by virtue of its decentralisation and ability to defer fraud and misduplication. There are a myriad uses for blockchain apart from safeguarding crypto currencies and here are some examples of those uses, some of which are already being applied, some of which are proposed and some …
“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”Don & Alex Tapscott, authors Blockchain Revolution (2016) A good way to understand how Blockchain works is the book analogy. You take a slim book with one page in it. That …
The Royal Melbourne Institute of Technology (RMIT) will open the first Uni course on Blockchain and Bitcoin in March this year. The increasing popularity and significant changes Blockchain and Bitcoin are making globally has prompted the famous Melbourne Uni to offer an online course in Blockchain technology. The eight week course, ‘Developing Blockchain Strategy’ will …
One of the ways blockchain can be used is in tracking diamonds from the source to the consumer. Helzberg Diamonds, for example, are entering an alliance with TrustChain and IBM to create a blockchain that will create a historical record of a diamond from the mining process through to when the diamond is slipped onto …
Chinese banks in the Republic of china have seen the light of day with half of them now adopting blockchain technology. There are 26 banks in China and 12 have already set up blockchain for various applications over the past year and the rest are set to follow. These include the major commercial banks such …
Bruno Le Maire, once a strong opponent of Crypto currencies and blockchain, demanding they be regulated has now done an about face and is now a passionate supporter of the new wave of currency. At a recent breakfast meeting Le Maire discussed aspects of of Bitcoin and blockchain noting the issues faced with banks, taxation …
French Finance Minister supports Cryptocurrencies Read More »
