Article: UN sees blockchain technology as tool to fight climate crisis

Blockchain, Governance, Innovation

UN sees blockchain technology as tool to fight climate crisis

U.N. experts are confident that “cryptocurrencies and the technology that powers them can play an important role in sustainable development, and actually improving our stewardship of the environment.” Specifically, the article points out a number of environmental and sustainability benefits associated with blockchain, including its power to enable transparency and resistance to fraud, climate finance and clean energy markets.

Citing the U.N. Environment Programme’s partnership with the Technical University of Denmark, the article states that data on harmful greenhouse gas emissions is unreliable and incomplete in many countries. In providing an immutable record of carbon data, blockchain solutions can provide a transparent way for nations to take action to reduce their impact on the climate.

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Article: Blockchain Technology Reduces the Attack Surface in Identity Management

Blockchain, Cyber-Security, Innovation

Blockchain Technology Reduces the Attack Surface in Identity Management

Blockchain technology is evolving and has more potential to evolve to become one of the most trustworthy forms of carrying out digital transactions in digital network realms. Blockchain technology, as it is designed and intended, is basically well-known for information integrity insurance. Numerous sectors can attain benefits from it if it is utilized in the best way possible. One of the best utilizations of blockchain technology is using its integrity assurance for developing cybersecurity solutions.

Following are use-cases of blockchain technology enterprises must acquire for the enhancement of cybersecurity protocols.

  • IoT Security
  • Decentralizing Medium Storage
  • Securing DNS and DDoS

Article: How Blockchain Technology Is Helping Small and Big Businesses to Grow Better

Blockchain, Cyber-Security, Innovation

How Blockchain Technology Is Helping Small and Big Businesses to Grow Better

Blockchain technology is revolutionary and its ubiquitous application across industries is mind-blowing. While it seems too early to categorize it as the ‘alpha’ solution to many existing industrial security and trust challenges, it’s great to know that blockchain technology is surely growing and its application is entering the realm of both small and big businesses globally.

In this age, it’s crystal clear that the rate of competition among businesses today is extremely high. And to gain a competitive edge over others in the market, your business tactics have to flow with the current trends that appeal to your consumers. Interestingly, blockchain happens to be one of the trends offering amazing solutions to help businesses — finance, gaming, ecommerce, etc to grow better.

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Article: How cryptographic ledgers are helping geospatial researchers deal with information overload

Blockchain, Data

How cryptographic ledgers are helping geospatial researchers deal with information overload

Out of all the potential use cases of geospatial services, it could be that location-based real-time monitoring applications are the fastest growing. Some experts believe that these are expected to be the biggest drivers of the Earth Observation field in coming years, which could end up creating an unprecedented amount of data. Existing GIS solutions for long had to deal with increasingly large datasets, but this could potentially portend the creation of exponentially massive ones.

Computer industry representatives believe that blockchain-based solutions could be used to manage these geospatial datasets regardless of their physical size. Agricultural supply chain managers have been turning to distributed cryptographic ledgers to manage GIS data collected in that industry. Programmers might soon start to apply these to the observation industry, which has been one of the biggest information-creators in recent years.

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Article: Blockchain is poised to propel construction into a new era of efficiency

Blockchain, Innovation

Blockchain is poised to propel construction into a new era of efficiency

In essence, blockchain can enable a registry and a sequence of smart contracts that are all traceable and almost impossible to manipulate because of the distributed nature of the infrastructure.

“In the construction context, it could well represent a paradigm shift by unlocking immense efficiency in aspects such as contract processing and payments, as well as supply chain management,” says Skudder.

Smart contracts represent a fundamental shift for the industry. “Automated contracts reduce the necessity for intermediaries, who would have to be paid. The system of smart contracts, built into the blockchain, will automatically enforce the rules such as regulations, deliverables or penalties. Besides the efficiency, the real-time nature means discrepancies or anomalies will be flagged much earlier and disputes resolved faster,” says Skudder.

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Article: IoT and Blockchain: The Future of Smart Cities

Blockchain, Cyber-Security, Hardware

IoT and Blockchain: The Future of Smart Cities

Existing smart city concepts include within themselves a variety of equipment with sensors for collecting data. This could be driverless transportation, drones for the delivery of goods, city cameras for monitoring, automated stoplights, and any other equipment for that matter. This makes the collection of personal data an inevitable fact, which is why it is necessary to prevent this data from being accessed by unwanted third parties.

The collection and storage of personal data create a risk for the personal lives of every human being. Developers of solutions for smart cities must provide a transparency policy for the exchange, confidentiality, and security of data for end-users.

This is exactly why blockchain technology opens up the possibility for all participants of such a process to collect and exchange their data with a high level of reliability and security without the involvement of a sole centralized administrator or intermediaries.

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Article: SKT to use blockchain to identify and manage hazardous buildings

Blockchain, Innovation

SKT to use blockchain to identify and manage hazardous buildings

South Korea’s top mobile carrier SK Telecom has joined with an eastern Seoul district to identify and manage the safety of hazardous buildings using its blockchain-based decentralized identity technology.

Decentralized identity (DID) is a blockchain-based identification system that normally generates and gives unique digital identities for individuals. DID was rarely given to objects and structures as the digital identification system is mainly used by online services for the authentication of users.

Using “Initial,” the company’s blockchain-based mobile identity authentication service and internet of things (IoT) devices, the consortium will monitor the structural integrity including large cracks and the slope of old buildings. SKT’s mobile DID system can give digital identity to IoT devices to prevent hacking or forgery.

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Article: Interoperability: The New North Star for Financial Market Blockchain

Blockchain, Innovation

Interoperability: The New North Star for Financial Market Blockchain

After nearly five years of experimentation, blockchain has reached an important milestone in financial services. This year, several distributed ledger technology platforms are either running live or preparing to launch. As the industry starts to transition from its initial stage of research and development to this new phase of operations and growth, it’s time for market participants and technology providers to turn their attention to what comes next: the full integration of blockchain-based systems into the broader financial market infrastructure.

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Article: Hybrid smart contracts will replace the legal system

Blockchain, Governance, Innovation

Hybrid smart contracts will replace the legal system

Unlike traditional contracts, smart contracts are executed by the blockchain, which means that no external court system is required to execute the contract. Without an expensive court system, contracts would be cheaper, so more peer-to-peer transactions can be managed by contracts rather than trust.

Contracts between companies located in different countries are often challenging because of the high cost of navigating in different court systems, and often the judicial system of one country has limited powers over companies in other countries. Hybrid smart contracts do not have this weakness; they cannot see nationality at all.

Enforcement of traditional contracts through the courts is not only costly, but also brings uncertainty to the results. The lawyer will always have the opportunity to discover some mysterious loopholes buried in the basement of the haunted house, making the contract completely invalid. Even if the contract is impeccable, the contracting parties rely on the continued goodwill of the government to ensure that the contract is executed.

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Article: Cross-Chain Protocols: Changing The Face Of Blockchain Ecosystems With Integration Solutions

Blockchain, Decentralized Internet

Cross-Chain Protocols: Changing The Face Of Blockchain Ecosystems With Integration Solutions

Despite the innovations, blockchain networks were still limited to their ecosystems until the introduction of cross-chain solutions. This new blockchain infrastructure seeks to enable data sharing and communication between various blockchain networks. In doing so, the blockchain ecosystem will operate as a wholesome network where users can leverage multiple products across the entire digital asset market.

Unlike typical blockchain networks, projects with a fundamental cross-chain architecture are built on interoperability protocols. This form of infrastructure allows blockchain ecosystems to connect seamlessly. Cross-chains enable private blockchains to integrate with fellow private ecosystems and public blockchains as well.

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