In discussions of blockchain technology and its effect on payments, the idea that cryptocurrencies like Bitcoin will replace fiat money abounds. While arguments for and against the feasibility of such a hypothetical future tend to split opinions, several tokens are already powering cross-border transactions for...
Chemical giant BASF expanded a 2-year-old Canadian plastics recycling pilot from British Columbia to Alberta June 1, bringing Edmonton and Calgary into “reciChain,” a blockchain-based project to help recyclers correctly sort plastics, which can only be recycled with like products. The move marks the latest...
If there’s one cryptography term you need to know to see if blockchain can change the payments industry, it’s zero-knowledge proofs. The applications are straightforward: Using a zero-knowledge proof (ZKP) key, a payments app can query your bank to see if you have enough money...
If you look at the top five industries that blockchain developers want to disrupt, streaming video and music will be somewhere on the list. The core of blockchain-based streaming companies and content-sharing firms like D.Tube, Dlive, and Theta seek to compete with giants like YouTube...
With the cross-chain payments bridge of top global exchange Binance’s BNB Chain blockchain the victim of a $570 million cryptocurrency hack — the latest in a series of mega-thefts that had already seen more than $2 billion stolen — it’s worth taking a look at...
Californians will be able to choose a blockchain-based delivery of vital records due to a new law making the technology an integral part of state recordkeeping. The state has been looking over numerous cryptocurrency proposals. Gov. Gavin Newsom, who has vetoed a crypto licensing and...
Chainlink and SWIFT have rolled out a partnership for a new service to help finance institutions operate in blockchain environments, a press release said. The companies have debuted a “Cross-Chain Interoperability Protocol” to let SWIFT messages instruct on-chain token transfers. It will help the network...
When talking about crypto’s use in real estate, most people think about buying and selling property with bitcoins or tokenizing and fractionalizing property titles via digital assets or NFTs. But there’s another big part of the business where it fits a need: Escrow accounts in...
U.S. Bank has created a position to help it use blockchain to improve efficiencies in its capital markets business. According to a Tuesday (Sept. 27) news release, the bank has named Citi veteran Milena Kohlhofer to fill that role, capitalizing on her experience leading digital...
