Blockchain is hard for developers and everyday users. Is it getting any easier?

For several years, one of the biggest hurdles to blockchain adoption has concerned the fact that it’s a rather technical space. Experienced developers find it daunting to build decentralized apps using this technology. Meanwhile, consumers unaccustomed to tokens and crypto wallets often struggle with user interfaces that are far clunkier than what mainstream platforms provide. With cryptocurrencies punching into the mainstream consciousness like never before, it has never been more important for blockchain platforms to seize the moment and offer the streamlined, easy-to-understand products and services that the masses can…

Coinbase adds hidden message with political undertones to BTC blockchain on day of IPO

The crypto exchange, whose CEO has previously dissuaded employees from expressing political views, started its initial public offering off with a message referencing U.S. President Joe Biden’s stimulus package.  According to Coinbase, the crypto exchange had mining pool F2Pool embed the title of a New York Times article in the Bitcoin (BTC) blockchain at 2:05 PM UTC today. The message in block 679,187 refers to the U.S. Congress passing the American Rescue Plan Act of 2021 on March 10 — a bill which set aside $1.9 trillion for measures aimed…

Dubai’s economic department to roll out blockchain-based corporate KYC

Dubai’s Department of Economic Development, or “Dubai Economy,” and the Dubai International Financial Centre are working to expand their Know Your Customer platform to financial institutions across the United Arab Emirates. The DIFC made the planned project expansion known via an announcement published on its website on April 6. According to the communique, both organizations have signed an agreement to put the necessary modalities in place to extend the KYC platform across the UAE. The project was first announced back in February 2020, with 120 companies onboarded as of July 2020, according…

Lockheed Martin adopts blockchain for supply chain management in Switzerland

United States aerospace and defense contractor Lockheed Martin has signed an agreement with SyncFab, a Silicon Valley distributed manufacturing platform, to streamline supplier capabilities across Switzerland, offering yet another tangible use case for blockchain technology.  Under the new agreement, SyncFab will provide Lockheed Martin with direct access to its parts procurement and supply chain platform, which is built on top of the company’s blockchain. The secure supplier intelligence platform connects Original Equipment Manufacturers, or OEMs, to Swissmem members, allowing OEMs to match with suppliers across Switzerland. The platform essentially works…

Linux Foundation launches blockchain-based platform for insurance

The Linux Foundation, the nonprofit technology consortium that supports the Linux operating system, is backing a new blockchain-based project for the insurance industry. On Monday, the foundation announced the launch of the Open Insurance Data Link platform, a project that aims to reduce the cost of insurance reporting and create a standardized insurance data repository using distributed ledger technology. OpenIDL is a joint initiative of the Linux Foundation and the American Association of Insurance Services, a national insurance advisory organization in the United States. The open-source project brings together major global insurance…

European Investment Bank to Harness Blockchain Technology for Bond Sale

The European Investment Bank (EIB) intends to deploy blockchain technology for the sale of bonds. The investment arm of the European Union (EU) seeks to streamline bond issuance using digital-ledger technology.  Boosting innovations in debt capital markets According to the announcement: “The European Union’s investment arm hired Goldman Sachs Group Inc., Banco Santander SA and Societe Generale AG to explore a so-called digital bond in euros, which would be registered and settled using blockchain.” The European Investment Bank has prompted various innovations in the region’s debt capital market.…

Riot Blockchain Bitcoin production jumps 80% over pre-halving levels

In an announcement on Monday, Riot Blockchain reported that it produced 187 Bitcoin (BTC) — roughly $11.2 million — last month, an 80% increase over its BTC mining in March 2020. The company said it held more than 1,565 Bitcoin on its balance sheet as of March 31, representing more than $94 million in crypto. The mining report follows Riot’s $138 million purchase of 42,000 S19j Antminers from crypto mining giant Bitmain. Roughly 6% of the rigs — 2,400 Antminers — are reportedly already on route to Coinmint’s facility in New…

Top Blockchain “Easter Egg” Projects to Look Out For

The crypto market has been experiencing an unparalleled amount of growth over the course of the last few months, as is best highlighted by the fact that since the start of 2021, the total amount of money that has made its way into the blockchain space has increased from around $760 billion to a whopping $1.95 trillion, thereby showcasing a growth of over 2.x. However, despite this meteoric rise, there are still a number of quality projects that have continued to fly under the radar for one reason or the…

Blockchain provides major boost to speed of China-Europe rail trade

The China-Europe rail trade route has been subject to a major speed upgrade thanks to the application of blockchain technology, reports China’s People’s Daily Online. The Chengdu International Railway Port in Sichuan province was installed with the blockchain-powered Sino-Europe Trade Link 2.0 platform by the Industrial and Commercial Bank of China. As well as cutting down on time-consuming logistical document checks, the new system will reportedly allow foreign trade companies to raise money directly from the bank to speed up cash flows. Trades where cargo was delivered from China by…

VC funds bullish on crypto, increase investment in blockchain startups

Venture capital funding for crypto and blockchain startups looks set to break records in 2021. As previously reported by Cointelegraph, crypto firms received more funding in the first quarter of 2021 than the whole of 2020. Indeed, three companies in the market attracted $1.1 billion from backers in Q1 202 — a third of the total funding for crypto and blockchain firms reported in 2018. With the current bullish enthusiasm in the crypto space, VC funding appetite for blockchain startups might continue throughout the year. This early-stage funding frenzy also…