News

Istanbul Inaugurates Blockchain Innovation Center

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Turkey launched its first blockchain university, named the Istanbul Blockchain and Innovation Center (BlockchainIST Center) in an atempt to “close the expertise gap” so that the country can begin utilizing the technology across many industries. The center, located at Bahcesehir University, will facilitate academic studies by students and entrepreneurs, and … Read the rest

Alphabet Finally Embraces The Blockchain Revolution

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Google’s parent company Alphabet has finally come to terms, on adopting Blockchain Technology into their core processes. he Blockchain technology emerged in the past decade and has become increasingly embraced by large companies and small governments as a way to digitize records and simplify transactions. Since then, the technology spread … Read the rest

South Korea’s Largest Telecom Operator KT Corporation, Introduces Its Blockchain Network

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State-owned KT Corporation, South Korea’s largest telephone company, has announced the launch of its blockchain-powered commercial network. The firm has built a blockchain layer on top of its existing nationwide network in order to make it “more secure and transparent.” With its new network, KT plans to allow its individual … Read the rest

Tech Firm Raises $45 Million To Build A “Privacy First,” Based Cloud Blockchain

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Oasis Labs has raised $45 million to build a “privacy-first” cloud computing platform with blockchain technology. The Berkeley, California based company is designing a platform to overcome the performance, security, and privacy limitations that have hampered blockchain adoption to date. The aim is to make blockchain, a distributed secure ledger … Read the rest

Quebec Government Lays Into Cryptocurrency Miners For Overutilization Of Energy Resources

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The government of Québec is blocking all new requests for hydroelectric power from cryptocurrency-mining operations, so energy company Hydro-Québec can keep supplying power to everyone else in the Canadian province. The emergency move followed a warning from Hydro-Québec that the “unprecedented demand” from these operations, which use a lot of … Read the rest