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Blockchain networks can provide transactions between everyday objects

As reported Reuters, JPMorgan Chase & Co (the largest bank in the United States and seventh largest bank in the world) has recently tested blockchain technology between satellites orbiting the earth to provide payments. The concept proved that digital devices could use the technology behind virtual currencies for transactions. Umar Farooq, the CEO of JPMorgan’s …

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Mastercard will start supporting cryptocurrencies

Whatever your opinion of cryptocurrencies – whether you are a fanatic or a skeptic — the fact remains: these digital assets are becoming an increasingly important part of the world of payments, both in the business world and in personal life. And now, the largest financial payment system, MasterCard, has begun to form mechanisms to …

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Development of new blockchain companies

Stephen Wozniak is an electronics engineer, programmer, philanthropist, and technology entrepreneur from the USA. In 1976, he co-founded Apple Inc. with his partner Steve Jobs, which later became the world’s largest IT company by revenue and the largest company in the world by market capitalization. Recently, on December 3rd Steve Wozniak’s blockchain venture «Efforce» has …

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Blockchain technologies for city services

As being reported by multiple sources, Polish city Olsztyn became the first City to use Ethereum blockchain for emergency services. The city is allegedly the first city in the world to leverage on Ethereum’s blockchain to assist in emergency services. Olsztyn completed a successful trial of SmartKey, which is a blockchain technology connecting blockchain distributed …

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Bitcoin culture — Portraits of a Mind

Bitcoin may be completely paperless, but one artist has meticulously dragged it into the physical world by hand-painting the cryptocurrency’s 12.3 million-digit founding code across 40 separate paintings. Working under the project name Robert Alice, artist Ben Gentilli spent three years working on the canvases, which he has collectively titled «Portraits of a Mind.» Using …

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Blockchain and decentralization — the future of social networks

Yesterday Business Insider Magazine published an article about the Blockchain. Future of social media platform Twitter will be shaped by Bitcoin and its underlying technology, according to chief executive Jack Dorsey, who was once again endorsing a decentralized social media standard at a virtual conference on September 25. «A lot of our value in the …

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