Blockchain technology News

BBK stands out due to its hybrid PoS/PoA consensus model, allowing for speedy block confirmation and resilient network security.

Flipkart on Friday partnered Ethereum-based Blockchain platform Polygon to set up a centre of excellence (CoE). It will work on research and development of Web3 and metaverse commerce use-cases in India. Flipkart has launched FireDrops, an easy-to-use NFT platform for brands to explore community building, more.

Later on this year Britain will consult on creating regulations for a wider set of cryptoassets like bitcoin, taking the sector`s energy consumption into account. All stablecoins that reference a fiat currency should be regulated, the government said. Later on this year Britain will consult on creating regulations for a wider set of cryptoassets like bitcoin.

Twenty-nine children, including 14 girls, were awarded in six fields -- innovation, scholastic achievements, sports, arts and culture, social service and bravery.

Either way, PoW mining uses an exorbitant amount of energy, compared to the 0.0006kWh used in Mastercard transactions. Bitcoin and many other cryptos use proof-of-work (PoW) to mine coins.

CBSE comes up with Blockchain technology to record its results certificates Blockchain technology ensures documents recorded in a secure and temper proof manner Institutes can verify at the time for admission for higher studies

The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital signature to certify who owns it and that it is the original work. It's a new type of digital asset - known as a non-fungible token (NFT) - that has exploded in popularity during the pandemic. Blockchain technology allows the items to be publicly authenticated as one-of-a-kind, unlike traditional online objects which can be endlessly reproduced.

Volvo Cars said on Wednesday it will make the cobalt used in its batteries globally traceable using blockchain technology, following an agreement with its two battery suppliers, China`s CATL and South Korea`s LG Chem.

Bitcoin and similar blockchain technologies consume more electricity than entire nations may prevent the world from achieving the climate change mitigation targets under the Paris Agreement, a study has warned.

The new features of the regulation are adoption of Distributed Ledger Technology (or blockchain) as the RegTech to enforce regulatory compliance while allowing innovation in the market.

Besides, reduction in cost, blockchain technology can decrease time involved in cross-border banking transactions.

For a layman, a blockchain can serve as "an open, distributed ledger that can efficiently record transactions between two parties".

A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography.

ICICI Bank Wednesday announced that it has successfully executed transactions in international trade finance and remittances using blockchain technology in partnership with Emirates NBD.

HSBC and Bank of America Merrill Lynch said on Wednesday they had created the world`s first application using blockchain technology to simplify one of the most cumbersome aspects of trade finance.