Decentralized insurance built on a transparent, blazingly fast, and efficient blockchain with the community in mind is something to think about, says Adam Hofmann, the CEO of Nimble.

Let’s face it – crypto, Web3, blockchain, whatever you want to call it – is growing fast. As a result, there are concerns and skepticism around the volatility and safety of digital assets, including investor funds. Would you put your hard-earned money into anything without some sense of safety and security?

If we are going to be honest with each other, and we certainly should be, it is absolutely logical that companies are skeptical to put big money into a decentralized system.

In both the fast-evolving DeFi space and the “Normalverse,” there is always the risk of hacks or exploits. Enter: decentralized insurance.

“There have been innumerable cases of smart-contracts hacking, cyber-attacks on exchange platforms etc. that have caused huge loss of investor funds,” Blockchain Simplified states on Medium. “Even the magnanimous DAO could not prevent a malware attack on its platform that resulted in loss of billions. Decentralized Insurance has plenty of use-cases that can help prevent such consequences from occurring.”

Continue reading… “Decentralized Insurance Built on the Blockchain is a Game Changer”

Blockchain and drones: How will we control the new highways of the skies above us as small aircraft fill the the space above our cities?

By Nicole Buckler 

Blockchain is a new industry. And yet, there are systems being conceived around it that are even newer. And this concept is one of them. For those of us with kids, we are being told to prepare them for jobs that don’t exist yet. So read on.

It has been predicted that within a couple of years, drones will be above us all the time. They will operate in a sub-layer of the sky, below commercial flight paths and military jets. But their flight paths will need to be coordinated. This is so they don’t smash into each other while delivering cargo, ferrying people, and inspecting things like wind turbines and bridges. No one needs to be rained on by smashing drones, thanks.

A sub-layer of air traffic control has been conceived to address this. It will work using both distributed ledger tech (DLT), blockchain, and automation. Research around this new sub-layer in the aviation industry is already well underway. The idea is to improve safety, cybersecurity and interoperability.

Continue reading… “Blockchain Will Coordinate Airspace so Delivery Drones Don’t Crash”

Blockchain and drones: How will we control the new highways of the skies above us as small aircraft fill the the space above our cities?

By Nicole Buckler

Blockchain is a new industry. And yet, there are systems being conceived around it that are even newer. And this concept is one of them. For those of us with kids, we are being told to prepare them for jobs that don’t exist yet. So read on.

It has been predicted that within a couple of years, drones will be above us all the time. They will operate in a sub-layer of the sky, below commercial flight paths and military jets. But their flight paths will need to be coordinated. This is so they don’t smash into each other while delivering cargo, ferrying people, and inspecting things like wind turbines and bridges. No one needs to be rained on by smashing drones, thanks.

A sub-layer of air traffic control has been conceived to address this. It will work using both distributed ledger tech (DLT), blockchain, and automation. Research around this new sub-layer in the aviation industry is already well underway. The idea is to improve safety, cybersecurity and interoperability.

Cranfield researchers are part of this project. They say the system will integrate an ecosystem of crewed and uncrewed aircraft in the UK’s skies.

Continue reading… “Blockchain Will Coordinate Airspace so Delivery Drones Don’t Crash”

We find out over ‘glow in the dark dishes’ and sustainable eating

by Purva Grover

There are still a few of us who are wondering what are NFTs? These are non-fungible tokens, a unique digital file that’s stored on a blockchain network. Let’s dig deeper for clarity, shall we? Fungibility is an item that can be replaced by another identical one, and if something is non-fungible there is nothing with the same characteristics that can replace it. And NFTs are the buzzword, globally, and locally of course, with creators of all kinds exploring the ‘it’ thing. Interestingly, now NFT has entered the culinary world too. We find out.

Continue reading… “From burrata to blockchain: How food and NFT are related”

Cypherium is the only blockchain company featured in the FedNow Service Provider Showcase for now, the CEO told Cointelegraph.

By HELEN PARTZ 

The United States Federal Reserve Banks are moving forward with a real-time payment project, the FedNow Service, allowing service providers to present their instant payment solutions, including those based on blockchain technology.

On Tuesday, the Fed officially launched the FedNow Service Provider Showcase, aiming to provide financial institutions and users with a range of services to help them implement FedNow Service, which launches in 2023.

At launch, the showcase includes more than 70 profiles and service providers that support instant payments, including Cypherium, a New York-based blockchain company, focused on instant payment solutions, blockchain interoperability and central bank digital currencies (CBDC). The platform is known for being involved in Chinese blockchain projects, including cooperation with Suzhou City Municipal for the city’s development of blockchain Infrastructure.

Other providers in the showcase include services like BNY Mellon Immediate Payments, Mastercard Track Business Payment Service and ePayments.

Continue reading… “China’s blockchain ally joins Federal Reserve’s service provider showcase”

“QKD is the only solution that has been mathematically proven to defend against a potential quantum computing-based attack,” JPMorgan emphasized in its announcement. 

United States banking giant JPMorgan Chase has unveiled research on a quantum key distribution (QKD) blockchain network that is resistant to quantum computing attacks.

QKD utilizes quantum mechanics and cryptography to enable two parties to exchange secure data and detect and defend against third parties attempting to eavesdrop on the exchange. The technology is seen as a viable defense against potential blockchain hacks that could be conducted by quantum computers in the future. 

According to a Thursday announcement, JPMorgan collaborated with Toshiba and Ciena to deploy and test the QKD blockchain. 

“At this time, QKD is the only solution that has been mathematically proven to defend against a potential quantum computing-based attack, with security guarantees based on the laws of quantum physics,” the announcement read. 

Continue reading… “JPMORGAN UNVEILS RESEARCH ON QUANTUM RESISTANT BLOCKCHAIN NETWORK”

 

The Pacific island state, long keen to adopt blockchain technology, recognizes decentralized autonomous organizations

The Republic of the Marshall Islands has moved to formally recognize decentralized autonomous organizations, better known as DAOs, as legal entities — a move that gives collectively owned and managed blockchain projects formal recognition on the global stage. 

DAOs, which are blockchain-based entities governed by self-organizing communities, have attained legal recognition in the Marshall Islands after the country passed the amended Non-Profit Entities Act 2021. The amendment allowed cryptocurrency trading infrastructure platform Shipyard Software to incorporate the island country’s first DAO, Admiralty LLC. The incorporation was aided by MIDAO Directory Services Inc., a domestic organization that was established to help DAOs register within the Marshall Islands. 

As it currently stands, the new legislation allows any DAO to register and establish operations in the Marshall Islands. 

Continue reading… “MARSHALL ISLANDS OFFICIALLY RECOGNIZES DAOS AS LEGAL ENTITIES”

BY DAVID EDWARDS 

ChinaTechNews reports on April 4 that German auto dealers are using the Ethereum blockchain to get around bank bureaucracy, speeding up dealer credit applications.

German car dealers and distributors have found a new use for blockchains – acquiring and financing their customers quickly and with less paperwork than traditional bank loans.

Using Ethereum smart contracts – computer protocols that facilitate, verify or enforce the negotiation of an agreement – dealerships can provide their clients with immediate access to fiat currencies through dealer credit applications. 

But this family-owned dealership has embraced the blockchain by incorporating cryptocurrency into its auto finance services. The result? Shortening closing times on car loans using virtual money that’s seen a 1,400 per cent rise in value since January 2017.

Continue reading… “Blockchain and Smart Contracts Have German Auto Dealers on the Fast Track to Financing”

Opera’s crypto browser will allow users to link wallets like Metamask, apart from its native crypto wallet that was launched in 2018.

By Shomik Sen Bhattacharjee

Opera’s new browser offers direct, frictionless access to Web3 services.

• Opera has launched the beta version of its “Crypto Browser Project”
• Opera’s Web3 browser features a news and data aggregator section
• The beta is currently available for Windows, Mac, and Android

Opera, the team behind the popular multi-platform browser has now unveiled a new browser project which the company dubbed “Crypto Browser Project,” aimed at offering users direct access to Web3 services with beta versions already rolling out for Windows, Mac, and Android. With the crypto browser project, Opera intends to make it easier for crypto natives, as well as relative newbies to browse decentralised apps (dApps), access blockchain games and metaverse portals more seamlessly across platforms and devices.

Continue reading… “Opera Releases Web3 Browser to Let Users Seamlessly Link Crypto Wallets to Blockchain Services”

By Lindsey Schutters

World Mobile, the first mobile network built on blockchain and run by the people, partners with Altaeros, developers of the world’s first autonomous aerostats, to connect the unconnected.

Altaeros is focused on developing and deploying innovative infrastructure solutions

Through this partnership, Altaeros and World Mobile will provide low-altitude aerostats (tethered balloon platforms) with a coverage area of approximately 8 000 square kilometres each, forming part of World Mobile’s Dynamic Network.

Several aerostats will launch in Zanzibar anchoring the network and delivering connectivity near to 100 percent of the island. Each aerostat will connect hundreds of thousands of subscribers and each subscriber on the network will create a blockchain wallet. World Mobile will be deploying thousands of aerostats across the continent.

The aerostat system consists of a helium-filled envelope and stabilising fins. The unique three-tethered architecture limits the aerostat’s movement in the air (pitch, roll and yaw), which is essential in stabilizing telco coverage so connectivity doesn’t drop in and out.

The aerostat is attached to a movable mooring platform with built-in software that adjusts the balloon’s position depending on wind conditions. The onboard communication system, using beamforming technology (a technique that focuses a wireless signal towards a specific receiving device) will allow 3G, 4G and 5G handsets to connect directly and will also connect WM AirNodes in the vicinity via traditional and alternative spectrums.

Continue reading… “Altaeros partners with World Mobile to raise blockchain network to the sky”