How Fluent Wants to Streamline Financial Supply Chains With a Blockchain

As blockchain fever is taking hold of prominent financial industry firms around the globe, two men from Kentucky believe to have found the key to rewire international supply chain infrastructure. Fluent cofounders Lamar Wilson (CEO and developer) and Lafe Taylor (CDO) recently unveiled the Fluent Network, a blockchain-based financial operating network to streamline supply chain ...

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CoinJoin: Combining Bitcoin Transactions to Obfuscate Trails and Increase Privacy

Bitcoin right now is not really anonymous. While Bitcoin addresses aren’t necessarily linked to real-world identities, they can be. Monitoring the unencrypted peer-to-peer network, analysis of the public blockchain, and Know Your Customer (KYC) policy or Anti-Money Laundering (AML) regulation can reveal a lot about who’s using Bitcoin, and for what. This is not great from a privacy perspective. Bitcoin users ...

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EU Parliament Votes for Light-Handed Regulation of Blockchain Technology

European Parliament members (MEPs) voted to take a hands-off approach to regulating blockchain technology, Ars Technica reports. Following the vote, unnamed sources told Ars Technica that European Commission staffers are working hard to understand the distributed ledger technology behind virtual currencies ‒ seven years after the launch of Bitcoin, with venture capital investments now totalling more than €1 billion. The ...

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Microsoft Building Open Blockchain-Based Identity System With Blockstack, ConsenSys

Microsoft has announced that it is collaborating with Blockstack Labs, ConsenSys and developers across the globe on an open source, self-sovereign, blockchain-based identity system that allows people, products, apps and services to interoperate across blockchains, cloud providers and organizations. The United Nation’s Sustainable Development Goals include giving everyone a legal identity by 2030. As a first step, the U.N. wants ...

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Confidential Transactions: How Hiding Transaction Amounts Increases Bitcoin Privacy

Bitcoin right now is not really anonymous. While Bitcoin addresses aren’t necessarily linked to real-world identities, they can be. Monitoring the unencrypted peer-to-peer network, analysis of the public blockchain, and Know Your Customer (KYC) policy or Anti-Money Laundering (AML) regulation can reveal a lot about who’s using Bitcoin, and for what. This is not great from a privacy perspective. Bitcoin ...

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What Does PayPal’s Shutdown in Turkey Mean for Bitcoin?

PayPal has been forced to cease operations in Turkey. The shutdown will go into effect on June 6. Turkey recently denied PayPal of a new license, which is required to operate within the country. According to TechCrunch, the reason for the denial was that PayPal does not localize all of their IT infrastructure inside of Turkey. To get a clearer ...

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From Bench to Bedside: Enabling Reproducible Commercial Science via Blockchain

The blockchain is enabling us to rethink the basic infrastructure of how certain assets can be tokenized, tracked and accounted for across multiple parties. One particular platform that could benefit from better asset tracking is the enterprise of scientific research. My goal here is to outline an approach to enhance the reproducibility of scientific research through increased transparency using the ...

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Censorship-Free Social Network AKASHA Aims to Tackle Internet Censorship With Blockchain Technology

A few weeks ago Bitcoin Magazine published a report on the launch of AKASHA, a blockchain-based social network built on top of Ethereum and IPFS (the InterPlanetary File System).   As a followup to the previous report, AKASHA CEO Mihai Alisie spoke to Bitcoin Magazine and said that the idea behind creating a blockchain-based social network came to him and his team as they ...

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Santander Becomes First U.K. Bank to Introduce Blockchain Technology for International Payments

Santander U.K. has announced its introduction of blockchain technology for international payments through a new app that is currently being rolled out as a staff pilot. The bank plans to make the application, which is only available on Apple’s iOS, available to consumers after it completes the pilot program. The announcement makes Santander the first bank in the U.K. to ...

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Understanding the Lightning Network, Part 1: Building a Bidirectional Bitcoin Payment Channel

The Lightning Network is probably the most highly anticipated technological innovation to be deployed on top of Bitcoin. The payment layer, first proposed by Joseph Poon and Tadge Dryja about a year ago, promises to support a virtually unlimited number of off-chain transactions among users, at nearly no cost – while leveraging the security offered by Bitcoin. At least three ...

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