Posts in category

Internet of Things


One of the most ambitious ideas in blockchain is that the technology could enable not just people and businesses to transact with each other seamlessly, but also machines. If this scenario, first articulated a few years ago, comes to pass, devices ranging from refrigerators to automobiles would not only collect and share data as part …

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Even if blockchain fatigue may have set in among bankers, there’s at least one use case they’re still clearly excited about: trade finance. At least, that was the impression given at the Blockchain Summit in London this week, where a range of bankers talked enthusiastically about the digital trade finance platforms they are building and …

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The concept of microinsurance is getting a shot in the arm from new technologies, not least among them blockchain. A term coined at the turn of the millennium, “microinsurance” is often defined as coverage for people on very low incomes. However, the concept has run up against many of the problems faced by microfinance generally. …

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Four of the world’s largest carmakers have joined tech providers and startups to form the biggest-ever consortium focused on applying blockchain tech in the automotive sector. Announced Tuesday, the Mobility Open Blockchain Initiative (MOBI) has revealed founding members including BMW, Ford, General Motors and Renault. Also present among the ranks are the car-parts manufacturers Bosch …

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IBM is seeking to patent a method for ensuring that a network of connected devices can securely execute blockchain-based smart contracts. As the tech giant explains in a patent application published Thursday, “one example method of operation may include determining a proof-of-work via a device and using a predefined set of nonce values when determining …

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Cryptocurrency is crawling with ambitious visions for the future. Indeed, one of the most hyped ways in which the technology could come to proliferate is through its union with a concept called the internet of things (IoT), whereby nearly everything (think watches, refrigerators and automobiles) is connected to the internet and as such, “talks” to …

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China State Grid Corporation, the country’s state-owned electricity utility monopoly, is looking to blockchain technology to advance its plans for an “Internet of Energy.” In a patent application filed to the China State Intellectual Property Office in November last year and released last week, the energy giant has detailed its exploration of a blockchain-powered system …

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A new patent awarded to Ford suggests the U.S. automaker is considering the use of cryptocurrency to let cars on the road communicate with each other and reduce traffic. The patent – “Vehicle-to-vehicle cooperation to marshal traffic” – was published Tuesday and awarded to Ford Global Technologies, LLC. It focuses on ways to alleviate traffic congestion, …

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Japan’s third-largest electricity provider is emerging as one of the first major companies in the world to trial a promising bitcoin payments technology. Revealed exclusively to CoinDesk, Chubu Electric Power Co. has entered into a proof-of-concept with local bitcoin and Internet of Things (IoT) startup Nayuta, one that finds it exploring how bitcoin payments can be made …

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It turns out, last year’s mantra “make blockchain real” was little more than wishful thinking. Instead of the increased efficiency, enterprises have encountered impractically slow transaction volumes; instead of a transparent world with ultimate accountability, companies holding sensitive customer data faced regulatory concerns. Still, there’s reason to believe the same rosy-colored forecast just might come …

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How will the Lightning Network change bitcoin? Although it might be too soon to know, it’s a question everyone’s seemingly asking following tests that take the long-anticipated tech closer to launch. The network’s garnered its fair share of excitement over the past few months, so much so that individuals and businesses are looking to take advantage of …

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The IOTA Foundation, a non-profit Blockchain foundation for the Internet of Things (IoT) has announced that the Chief Digital Officer (CDO) of Volkswagen, Johann Jungwirth, will join the Supervisory Board, effective immediately. Jungwirth said: The IOTA platform allows connected devices to digitally send money to each other in form of micropayments, making it useful for …

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The announcement of a Facebook Messenger Kids has parents worried that hackers may know where to find their children online, and access their private messaging content and lives. The controversial app aims to allow kids to ‘safely’ message and video chat with friends and loved ones. By allowing parents to control the Facebook account, they …

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Brett King is an author, speaker and radio host with extensive experience in the financial industry. He’s worked with Deloitte, Center for Financial Services Innovation and Breaking Banks Radio. He’s also a Founder and Executive Chairman at Moven, a mobile banking app. King is an advocate for innovations in the banking system. The main idea …

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In the past few years, developments in technology have brought us closer to the hyper-connected world that futurologists imagined in the 1950s. Self-driving cars, computers that can converse in real-time and hyperloop transportation are among the developments that will shape our future beyond what we thought possible. Of all the major trends, the Internet-of-Things (IoT) …

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IOTA, the digital network designed for the Internet of Things (IoT) has recently seen a massive increase in the value of their cryptocurrency, MIOTA. According to CoinMarketCap, the company has moved from 9th to 4th in largest market cap, displacing long standing 4th place holder Ripple. In order to understand what caused this massive explosion …

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The price for MIOTA, the cryptocurrency for the IOTA platform, has exploded over the past week, gaining massive value and surpassing Ripple to take the #4 spot among cryptocurrency market caps. The price explosion has come on the news of a major agreement being signed with Microsoft, Fujitsu, and others for business-to-business data sharing. The …

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Yesterday IOTA announced a major platform release allowing data monetization using micropayments through their distributed ledger technology. The data solution has already garnered huge partnerships from Microsoft, Fujitsu, Bosch, Deutsche Bank Telekom, and others. IOTA has already issued its tokens of the same name under their token sale earlier this fall. The company has created …

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The latest thing in the digital revolution is the proliferation of the Internet of Things (IoT). The IoT is a web of connected devices that communicate with each other and produce data, like wearable devices, smart cars and smart home features. These products are connected to the Internet and are producing data that is being …

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The Bitfury Group has announced their investment in a new startup for Internet of Things (IoT) connectivity called Moeco. Bitfury, as one of the world’s largest Blockchain companies, sees the Moeco model as an excellent application for their technology services. The Moeco platform is designed to allow IoT users to connect to a global network of integrated IoT …

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