Category: Blockchain

Raising Blockchain Awareness will Spur More Adoption, Experts Say

Speaking at a blockchain conference dubbed BUIDL VietNam 2022, experts pointed out that raising awareness about this cutting-edge technology through regulatory frameworks, successful applications, and education would heighten adoption.  Since blockchain technology is mainly explored in the area of finance, the experts noted that diversification was of the essence.   Nguyen Hoang Long, the CTO of blockchain platform Aura Network, stated: “While blockchain is still an unfamiliar topic to many people, more and more will realize its real benefits and potential when there are more widespread successful applications of…

Global Blockchain in Retail Market to Hit $3.27B by 2028

Heightened demand for the worldwide blockchain in the retail market is expected to drive its value past the $3.27 billion mark by 2028, according to market research organization Facts and Factors.  With a value of $137.17 million recorded in 2021, the market is anticipated to set a compound annual growth rate (CAGR) of approximately 57.32% during the forecast period between 2022 and 2028.   Per the announcement: “Retailers may provide their customers features like record-breaking customer care, traceability, real-time information, and on-time delivery information thanks to blockchain in retail…

New England Revolution Teams Up with Chain as Official Blockchain and Web3 Sponsor

The National Football League (NFL) New England Patriots, the New England Revolution have chosen blockchain infrastructure company Chain as their official blockchain and Web3 sponsor and said the partnership will go into effect. As part of a strategic partnership, the team and Gillette Stadium’s parent company, Kraft Sports + Entertainment, have entered into a multi-year agreement with Chain to jointly explore ways to develop state-of-the-art Web3 experiences, Chain will use its various services such as Ledger, Cloud, and NFTs to simplify the process of developing and maintaining its blockchain infrastructure,…

Pantera Capital’s CEO suggests blockchain growth will continue despite economic turmoil

The economic landscape may seem dire at the moment, but it’s unlikely to affect blockchain development, according to Pantera Capital CEO Dan Morehead. In an interview for Real Vision on Thursday, the venture capitalist said that he believes blockchain technology will perform based on its own fundamentals, regardless of the conditions indicated by traditional risk metrics: “Like any disruptive thing, like Apple or Amazon stock, there are short periods of time where it’s correlated with the S&P 500 or whatever risk metric you want to use. But over the last…

Blockchain infrastructure firm Chain will sponsor New England Patriots football team

Chain, a blockchain infrastructure firm that offers developers Web3 services to build and maintain blockchain-based applications, will sponsor the New England Patriots football team as well as other venues and sporting clubs controlled by the Kraft Group. In a Thursday announcement, Chain said it will be the official blockchain and Web3 sponsor of the Patriots, the New England Revolution soccer club, Gillette Stadium in Massachusetts and the shopping center Patriot Place as part of a multi-year partnership deal with Kraft Sports + Entertainment, the marketing and events division of the…

China accounts for 84% of all blockchain patent applications, but there’s a catch

China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official. China has steered clear of the cryptocurrency market. However, the Beijing government has been supportive of the underlying blockchain technology. The country has actively promoted the use of blockchain tech over the years, and thus the high percentage of blockchain patents isn’t surprising. President Xi Jinping has also played a key role in promoting the nascent blockchain technology. In 2019, the President called upon citizens, tech companies and stakeholders…

Over 81% Helium Community Approves Migration to Solana Blockchain

The Helium Foundation on Thursday announced the migration of its decentralized wireless Internet of Things (IoT) network, the Helium Network, to the Solana blockchain. The foundation approved the decision after a successful community vote on the proposal. Since its establishment in 2013, the Helium network has been operating on its own blockchain, known as HIP 70. On Thursday, the foundation disclosed that a majority community vote of 81.41% approved the Helium Improvement Proposal (HIP 70) aimed at developing the network to meet user demand. The proposal requirements demanded participants to…

New England Patriots Secure Official Blockchain Partner, Chain

The New England Patriots are in their post-Brady era, and as the NFL season gets into full swing, so too does the Patriots’ partnerships team. The club has locked in a new deal with NFT software firm Chain this week. Let’s look at the details of the deal, and what we can expect to see as the partnership comes to life in the months ahead. The Patriots & Chain: What The Deal Looks Like The press release hit the public earlier on Thursday, and outlined a new partnership between not…