Tag: Blockchain Technology

Thai Court of Justice Develops a Blockchain Network to Store Judicial Information

Thai Court of Justice Develops a Blockchain Network to Store Judicial Information

Apart from the financial sector, the blockchain industry in Thailand is growing rapidly and developments have expanded into the country’s court system.  According to the report from the Office of the Court of Justice of the Kingdom of Thailand, it has revealed that it is developing a blockchain network as a part of “court digitalization” […]

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South Korea’s Jeju Island Makes Blockchain-Based COVID-19 Tracing System Mandatory for Visitors

South Korea’s Jeju Island Makes Blockchain-Based COVID-19 Tracing System Mandatory for Visitors

Jeju Island, one of South Korea’s most popular tourist destinations, has made a blockchain-based contact tracing system mandatory for visitors in the COVID-19 climate, which was created in collaboration with blockchain firm ICONLOOP. The Jeju Special Self-Governing Province authorized the use of ICONLOOP’s Decentralized Identity (‘DID’) blockchain technology islandwide, which has also been approved by […]

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Tether Launches on 8th Network OMG to Reduce Ethereum Gas Fees & Congestion

Tether Launches on 8th Network OMG to Reduce Ethereum Gas Fees & Congestion

The world’s most capitalized stablecoin Tether (USDT) is now live on the OMG Network, touted as one of the first scaling alternative solutions to the Ethereum network’s layer 2 scaling challenges. USDT transfers can be carried on a network with decreased congestion and gas fees, where transactions can be processed at greater speeds without compromising […]

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Vietnam Government Launches Enterprise Platform to Accelerate Digital Tech Adoption

Vietnam Government Launches Enterprise Platform to Accelerate Digital Tech Adoption

The Vietnam government has launched an enterprise blockchain platform in a bid to drive nationwide digital and technology adoption not only across all industries and businesses in the private sector but also those in the public sector as well, according to a press release.  Partnering with IT firm FTP Software, the government has launched akaChain, […]

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Privacy-Focused Blockchain Firm HOPR, Backed by Binance Labs, Releases Decentralized Ethereum Hardware Node

Privacy-Focused Blockchain Firm HOPR, Backed by Binance Labs, Releases Decentralized Ethereum Hardware Node

According to a report by Coindesk, privacy-focused blockchain firm HOPR has released an Ethereum hardware node that will eliminate the need for individuals to rely on centralized cloud servers such as Alibaba and Amazon. The firm is known for its mixnet solution that safeguards the privacy and security of users via a multistage system created […]

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Ethereum 2.0’s Medalla Testnet Crashed Last Week; Prysmatic Labs Releases Fix

Ethereum 2.0’s Medalla Testnet Crashed Last Week; Prysmatic Labs Releases Fix

Ethereum 2.0’s final Medalla testnet, which was launched on August 4, experienced a crash last week where validators found themselves losing up to 25% of their holdings and validator participation on the network dropped straight from close to 80% to 0% in a matter of minutes, according to a diagram shared by u/vinL0r on Reddit. […]

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Asia Adopts Blockchain for Voting, Anti-Counterfeit and Fraud Measures, Data Security & More

Asia Adopts Blockchain for Voting, Anti-Counterfeit and Fraud Measures, Data Security & More

We are truly embracing the new digital age, which is seeing the integration of Web 3.0 technologies, Artificial Intelligence, Distributed Ledger Technology and more into variegated processes and industries as we know it. Governments and businesses have long set their sights on the eventual digitization of archaic systems used today, but these plans were hardly […]

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Does Decentralization Bring Us Closer to Nature?

Does Decentralization Bring Us Closer to Nature?

Looking at centralization from a historical perspective, blockchain technology opens truly revolutionary options for people to interact with each other. We can see that decentralization is fundamental for people to operate in a more natural system. I will show that decentralization allows for natural human interaction, and that there are existing movements and specific projects […]

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