Tag: Blockchains

Blockchain’s use in healthcare ‘essential’ to protect sensitive data: Zelis CTO

Kali Durgampudi, the CTO of healthcare payments company Zelis, believes that the implementation of blockchain tech is vital for protecting patients’ sensitive data from cybercriminals. Speaking with Health IT News on July 20, Durgampudi noted that some of the biggest issues in healthcare are privacy and data security as the industry works to digitize its “archaic paper-based processes.” “Blockchain technology has the potential to alleviate many of these concerns,” he said, as he highlighted the importance of utilizing a digital ledger that is “impenetrable” to protect sensitive patient and financial…

Want a compelling use case for privacy blockchains? Look no further than dating

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The excitement surrounding Web3 is palpable — and undeniable. Projects are flooding into the space to build cutting-edge versions of the sites and apps served up by centralized Web2 rivals, covering every sector imaginable. But at this point, it’s worth taking a step back and reflecting on the challenges that the Web3 world still needs to tackle. This technology isn’t inherently private — and the transactions bouncing around on blockchains are mostly transparent. Privacy coins, and the anonymizing blockchains they’re normally based on, are normally viewed with suspicion by critics.…

Here’s how blockchains are helping to advance the global energy grid

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The blockchain industry’s impact on the energy sector has been a major source of controversy over the past five years. Governments and environmental protection advocates have routinely expressed concerns about the amount of energy required to keep the Bitcoin network secure. Data shows the network’s energy consumption now rivals the yearly energy consumed by some small countries. Historical Bitcoin network power demand. Source: CCAF While much of the debate has centered around the negative environmental impacts of Bitcoin (BTC) mining, the drive to maximize earnings from mining and integrate blockchain…

Terra Devs Need a Home. Other Blockchains Are Courting Them

“Terraform Labs was extremely good to us as developers so we want to support them in launching the fork, but we can’t commit to building yet,” a Terra developer told CoinDesk. “The thinking is, there’s not any downside with aligning with Terra until things with the new chain become clearer.” Source

Injective partners with Wormhole to bring 10 new blockchains to the platform

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Decentralized finance (DeFi) protocol Injective (INJ) has partnered with Wormhole to integrate “10 new blockchains” to its network. Injective is a Cosmos layer-2 decentralized exchange (DEX) that offers derivatives, token swaps and sports betting prediction markets. It is also focused on interoperability via cross-chain bridging, and currently supports digital assets from Ethereum, Polkadot and IBC-enabled chains such as Cosmos. Injective Labs, the protocol’s developers, noted in a May 25 announcement that the partnership will enable users to transfer and trade assets across any chain that is integrated with Wormhole. “The…

Could GameFi and carbon currencies reverse blockchain’s climate stigma?

Nonfungible tokens (NFT) and blockchain technology have developed an unfortunate stigma in some sections of the community for being bad for the environment — but could that perception be changed by integrating carbon offsets into NFT gaming? GameFi, or gaming finance, marry NFTs and gaming. Blockchain games account for nearly $12 million in daily volume from over a million gamers according to app tracker DappRadar. Toucan Protocol COO Rob Schmitt thinks that volume and those users could be harnessed to benefit the environment. Schmitt told Cointelegraph that using carbon offsets…

Riot Blockchain’s Texas Expansion Could Use Power To Light 200,000 Homes

In April, Bitcoin mining company Riot Blockchain announced its ambitious plans to expand their operations and light up over 200,000 homes in Corsicana, Texas. Riot Blockchain is one of the biggest mining operators backed by a 400 MW facility that can be found in Rockdale, Texas. The company recently revealed that they’re now expanding to a 256-acre site intended for crypto mining in Corsicana that is set to launch in July next year. Although the company claimed that they have enough capacity to power around 200,000 homes, their current facility…

How Scalable Quantum-Safe Blockchains Help Against Network Outages

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The blockchain industry is at the forefront of innovation, with new ways to harness this secure distributed ledger technology in various areas of traditional business. A key feature of conventional blockchains is the ability of any entity to verify the integrity of the blockchain ledger by executing the same algorithm that was used to generate it. What are quantum-safe blockchains? Quantum computers will be able to execute algorithms significantly faster than classical computers, enabling them to break most cryptographic algorithms. Attackers with a quantum computer might be able to break…