Bank-based blockchain projects will transform the financial services industry

Big Data

At the core of Bitcoin and Ethereum cryptocurrencies is the cryptographically secure digital ledger known as the blockchain. It’s a digital ledger where cryptocurrency transactions are recorded chronologically and publicly. Indeed, as the popularity of cryptocurrencies has grown, so has the banking industry’s interest in blockchain for fintech, with an increased and focused push on bank-backed blockchain projects. Some of the largest projects underway include the IBM-backed Hyperledger Fabric project, the Utility Settlement Coin, and R3’s blockchain consortium, signifying a growing acceptance in institutional policy to support blockchain growth. Currently, banks transact with each…

Role of Technology in efficiencies and food waste

Food

The 10-year framework of 6 programmes on sustainable consumption and production patterns (10YFP) is a global framework of action to enhance international cooperation and to accelerate the shift towards sustainable consumption and production (SCP), in both developed and developing countries. At the United Nations Conference on Sustainable Development (Rio+20) in 2012, heads of state adopted the 10-Year Framework of Programmes on sustainable consumption and production patterns (10YFP), a global framework for action to accelerate the shift towards SCP in both developed and developing countries. One of the programmes within 10YFP…

Can Blockchain Technology improve digital piracy in Africa?

The digital content market has rapidly become less regional for piracy not to be prevented, even in parts of Africa where the distribution in such format is maturing. Globally there’s been a shift from traditional media and content industries to new digital media technologies. This has changed the distribution and consumption of creative content with the emergence of new digital platforms like Netflix and iROKOtv. “In Africa, there is a demand for US and European content, and when distribution rights don’t keep up with demands, it fuels piracy,” says G-J…

There Is A ‘Very Surprising’ Connection Between Bitcoin’s Creator And The Alleged Founder Of The Silk Road

The two most important moments in the history of Bitcoin are its creation, and the founding of illicit goods and services site Silk Road, which created the first ever market for the digital currency. Now, two Israeli mathematicians, Dorit Ron and Adi Shamir of the Weizzman Institute south of Tel Aviv, write in a new paper (first reported on by John Markoff at Bits) that they’ve found a “very surprising connection” between the individual or individuals behind the first and the individual allegedly behind the second. In October, the FBI arrested San…

Technology Shapes Future Work

Tech Shapes Future Work

Technology plays a vital role in shaping the work and businesses of the future. Here are several ways in which technology can chart a path for the future: Automation and Artificial Intelligence (AI): Automation and AI technologies are transforming various industries by streamlining processes, reducing costs, and increasing efficiency. Repetitive and mundane tasks can be automated, allowing employees to focus on more complex and creative work. AI can also provide data-driven insights and decision-making support, improving business outcomes. Remote Work and Collaboration Tools: Advances in communication and collaboration technologies enable remote work…

Technology in Business

Technology in Business

Technology has changed the way businesses operate and interact with customers. The fast-paced development of technology has impacted various aspects of business, from operations and marketing to customer service. Businesses are now relying more and more on technology to enhance their competitiveness, increase efficiency, and reach out to new customers. In the past, businesses relied on traditional methods such as print advertisements, billboards, and door-to-door sales. Today, businesses can reach a vast audience through the Internet and social media. Companies can target specific demographics, launch innovative marketing campaigns, and reach…

Telegram quits on its cryptocurrency focused subsidiary TON

Telegram

After years of drama with the SEC, Telegram is calling it quits on its crypto-focused subsidiary, Telegram Open Network (TON). “Telegram’s active involvement with TON is over,” wrote Pavel Durov, founder and CEO, in an announcement on his channel. “You may see – or may have already seen – sites using my name or the Telegram brand or the ‘TON’ abbreviation to promote their projects. Don’t trust them with your money or data.” TON was a blockchain platform designed to offer decentralized cryptocurrency to anyone with a smartphone, in a…

West African Market on the radar after Kenya’s Twiga Foods bags $30M Goldman Sachs boost

Kenya’s Twiga Foods has raised a total of $30 million from lenders and investors led by Goldman Sachs. Top American investment bank Goldman Sachs is the latest to acquire a stake in Kenyan start-up Twiga Foods following a Sh2.44 billion ( $23.75 million) deal that will help the agro-based firm spread across the country and Africa. The B2B food distribution company financed $6.25 million of the funding in convertible debt and $23.75 million in equity, classified as a Series B round. IFC, TLcom Capital, and Creadev joined Goldman on the…

Facebook looking to launch own crypto-currency in 2020

By AGENCE FRANCE PRESSE, LONDON, United Kingdom, May 24 – Facebook has been in contact with US and British financial regulators with a view to launching its own crypto-currency next year, the BBC reported on Friday. “GlobalCoin” would work with a new digital payments system in about a dozen countries, starting in the first quarter of 2020, the broadcaster said on its website. Previous reports have said Facebook is taking a serious look at blockchain technology under its “Project Libra”, in part to tackle doubts about privacy among its many…

Amazon retreats from its China business in defeat, could it also mean anything for its India market?

Amazon CloudFront Edge

Is it possible that the almighty Amazon, global dominator of all things retail and pulveriser of hapless competitors, has finally conceded defeat in China? It certainly seems that way, as the US-based global e-commerce Goliath announced it would bring the curtain down on its Chinese marketplace business in July and will revert to offering only overseas products to domestic Chinese customers. “We are notifying sellers we will no longer operate a marketplace on Amazon.cn, and we will no longer be providing seller services on Amazon.cn effective July 18,” the company…