What are Zero Knowledge Proofs and How Do They Work

Zero-Knowledge proofs are a popular cryptographic method that utilizes probabilistic assessments to allow parties to verify data without revealing or sharing the underlying data. The process was originally introduced by a group of MIT researchers in the late 80s and has since seen growing adoption in the blockchain sector. Nowadays, zero-knowledge proofs serve a vital role in the business sector by verifying sensitive data securely. What Problems do Zero-Knowledge Proofs Fix? Zero-knowledge proofs solve several problems facing the business and…

Blockchain in Courts: A Look Into Blockchain Evidence in Global Courts

Also, wrongly known as decentralized ledger technology, blockchain is becoming a vital element that could disrupt every sector of life. The technology first came into the limelight in 2009 with the release of Bitcoin. Today, blockchain shows great use cases in almost every industry, such as finance, healthcare, agriculture, and supply chain. Blockchain impacts continue to spread across industries, with the latest target being legal institutions. Legal systems are among the slowest industries when it comes to the adoption of…

The Rise and Fall of IOTA (mIOTA) – A Bittersweet Story

IOTA - A Brief History IOTA is a cryptographic protocol that runs on a unique form of Distributed Ledger Technology (DLT), significantly different from most cryptocurrency projects. It is different for one vital reason; IOTA doesn’t run on a blockchain! As we have tried to iterate multiple times, blockchain, the distributed database technology, is just a subset of DLT. So then, what kind of database technology does IOTA use? IOTA was developed and initiated by David Sønstebø, Dominik Schiener, Sergey…

Ripple is Now a Member of ISO 20022 Standards Body

The famous cryptocurrency company, Ripple, has achieved yet another thing. The exchange now belongs to the ISO 20022 standards body, which is working towards a new data standard for payments and data messaging between global financial institutions. According to the firm’s claims, it is the first cryptocurrency firm focused on distributed ledger technology (DLT) to become a member of the group. Among other members of the group are several global commercial and central banks, as well as payment processing entities such as…

Beginner’s Guide to HashGraph – The Competitor to Blockchain

Blockchain - The Solution to Centralization The advent of a decentralized, distributed, and self-fulfilling platform, i.e., Blockchain, has revolutionized how we exchange value and information with each other for good. In many ways, blockchain will help us move away from the world with central regulatory bodies needed for brokering trust and towards a decentralized trust-less ecosystem. A world where technology shoulders the responsibility of federating the trust. Belief is that Satoshi Nakamoto, the anonymous inventor(s) of Bitcoin and Blockchain technology,…

224 Blockchain Ventures Approved By Chinese Cyberspace Regulators

According to China’s Office of the Central Cyberspace Affairs Commission (OCCAC), the third round of blockchain projects towards approval by the Chinese regulators is taking off. The latest addition to the commission’s registry is 224 distributed ledger technology (DLT) ventures and it includes leading technology companies Alibaba, Baidu and China Mobile. It seems that the news was first revealed by a Twitter user AliceolaCrypto on April 26: “#China has just announced the 3rd batch list of #blockchain filings, 224 projects approved…

Blockchain Technology: The New Counterfeit Police with Enhanced Traceability

One of the biggest problems facing the manufacturing and supply industry is counterfeiting. Counterfeit goods are a global problem with an estimated worth of half a trillion dollars a year, representing 2.5% of global imports. Years back, counterfeits were a small-time illegal business but have since grown immensely to impact companies behind original brands profoundly.  The counterfeiting industry has, in fact, risen to be a complex business having devastating effects not only on numerous businesses across the globe but also…

Beginner’s Guide to Private Blockchain Platforms and Projects

s Private Blockchain an Oxymoron? We usually get puzzled and confused-looks from newcomers to the cryptosphere when we talk about a centralized party looking into "Blockchain Technology." Or when a consortium of banks tries to find the best solutions using blockchain to stay in the game. Assuming most newcomers count bitcoin as their gateway to cryptocurrencies, they are exposed to a lot of fancies and disruptive words like "decentralized," "open-source," "trustless," etc. The people who stay are swayed away by…

A Complete Guide on Vechain Thor (VET) Blockchain

The VeChain Thor (VET) is a public blockchain designed with one aim in mind: to enhance supply chain management and to streamline business processes and information flow for complex supply chains through the use of distributed ledger technology (DTL). How does VeChain work? VeChain involves assigning a product a unique ID and fitting it with a VeChain smart chip tracker, such as an NFC chip or RFID tracker, allowing the details of any product to be collected, stored, and quickly…

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