Inshorts

November 14,
2017
The blockchain will make trucking control systems more effective

Blockchain Alliance plans to make transportation more transparent. United Parcel Service (UPS), an American shipping company, joined the blockchain consortium of Blockchain in Trucking Alliance (BiTA). The company together with other participants of the consortium will be engaged in the creation of blockchain-standards systems for tracking cargo and paying for them. According to the statement that Linda Weakland, UPS director of enterprise architecture and innovation made, "Technology can increase the level of transparency and efficiency among transport companies, brokers, consumers, carriers, sellers and other business representatives."

Effective pharmacology with blockchain

Blockchain technology for good purposes. On December 1st, the pre-sale of Elige.re project tokens will start. This action is based on the use of blockchain technology for searching necessary drugs and chemical compounds for people. The project involves into using the computational power of the miners to implement the necessary calculations to find the searched drug. The miners will be rewarded with the platform’s tokens by contributing to a more efficient search. The project is also developed by specialists in bioinformatics, chemoinformatics, representatives of leading institutes and universities. Attraction of specialists from various fields of science increases effectiveness in solving the tasks assigned to the project.


Blockchain in finance and economic field in the USA

Bank of America has filed two patent applications regarding a system, based on blockchain technology. The application of patents aims to develop the tracking of file transfer processing in real-time. The system will provide the bank to transfer a huge volumes of data and tracking it through the use cryptographic keys while the process continues. In the beginning of 2014, the Bank of America has filed more than 20 patent applications using blocking technology.


SBI launches blockchain based KYC system

Blockchain technology in banking field of India. State Bank of India (SBI) plans to launch blockchain-based Know Your Customer (KYC). The system provides boosting the efficiency of transactions without compromising either the deals’ security or the confidentiality of its users. To providing such system, SBI has made partnership with Intel. Sudin Baraokar, head of innovation at SBI said, "Based on such component components and the experience of Intel, we can provide consumers with such advanced fintech services as P2P lending, crowdfunding and digitalization of the market."


Blockchains for Social Good contest

The best development will be determined. The European Commission announced a competition of developing projects based on blockchain technology - "Blockchains for Social Good". The developers will have the opportunity to offer innovative social mechanisms and solutions that work for the benefit of society. Submitted projects should have such characteristics: decentralization, transparency, utility and scalability. As the best one will be determined, the winner will have the greatest social prize. The prize fund of the competition is €5 mln.


Smart city in China

Modern, digitized and smart city. Alibaba Group made an announcement regarding the plan of building a smart city in Xiongan New Area, China. "Our goal is not to do business in Xiongan, but with the help of our technological capabilities and innovative resources to create a city of the future that will become a prototype, a model for all Chinese cities," said Jack Ma, chairman of Alibaba. In the city planning to install, for example, smart metering, intelligent parking, and cashier-less supermarkets. It is expected that the blockchain technology will be used in the sphere of services, government institutions and private companies, due to which Xiongan will become the digital city of the future.


Internet search record

A new achievement of bitcoin. According to the report of Bloomberg and Google Trends, ‘’buy bitcoin’’ beats ‘’buy gold’’ phrase on Google searches. Adrian Ash, director of research for the online trading platform BullionVault, said: "Against the backdrop of the American market, which beats one record after another, it's no surprise that gold is losing ground." Experts note that the rate of bitcoin increased in 2017 grew by more than six times, while the price of precious metal increased by only 11%.

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.

November 11,
2017
Clean energy based mining center

Renewable energy for mining. Tokyo based Miner Garage is planning to open the first clean energy based mining center in Kazuno, thanks to these natural resources that made mining possible in Japan. In Kazuno, a Japanese city located in Akita Prefecture, where has a fairly low average annual temperature and heavy snowfall in winter. The city is famous for using natural resources for clean energy, this is what attracted the attention of the miners. According to Takuya Omata, CEO of Miner Garage: "Initially, 600 computers will be installed in the Mining Center. It is expected that they will be mining about 10 kinds of crypto-currency."


Birthday of growth and development.

Bitcoin, blockchain-based digital currency. It was created in 31st October 2008, as "a new system of electronic money, which is completely based on the principle of p2p without the involvement of a third party’’. Over the years, this currency has gained considerable popularity, now it is used by more than three million people around the world, and the bitcoin rate is already over $7,000. Thus, the price for this currency since 2017 has already risen by 534.61%. Experts and analysts predict that this is not the last achievement of the currency and already in the next 5-7 years, bitcoin will use up to 200 million people, and its market capitalization is more than $100 bln.


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