For governments and security agencies around the world, the WannaCry attack should serve as a wake-up call regarding the need to take a different approach to securing weapons in cyberspace.
Fintech isn't just the new kid on the block anymore; it's got some serious dough behind it. But does it mean that fintech companies are the future?
Blockchain is best suited for environments where there is shared information and distrust or a need for validation between two parties — which makes financial services providers prime candidates for its use in at least four areas.
There's no killer app for the blockchain yet. But there are still hordes of innovative concepts coming over the horizon.
At this week's Blockchain and Digital Currency Conference in New York, blockchain project veterans explained why getting up and running with blockchain technology is a moon shot, not a road trip.
Banks have had a rocky relationship with bitcoin, but they are starting to embrace the technology of the blockchain. However, barriers and misconceptions remain.
Blockchain continues to win mindshare among fintech executives. The naysayers' position is starting to soften, and the viability of blockchain as a means to exchange information between untrusted parties has begun to receive recognition from major banks.
Luis Cuende has been building software since he was 12. He has now launched a blockchain solution for decentralized businesses. Blockchain Tech News sat down with Cuende to get his perspective on the blockchain now and in the future.
Agents ensure last-mile connectivity for remittances service providers, but networks can suffer from issues such as lack of financial incentives and networking. A blockchain-based solution might enable better collaboration, increased engagement and improved incentives.
One area where the blockchain is gaining a foothold is in intellectual property, where it's being used mainly as a way to ensure that artists and musicians receive recognition and compensation for their work, no matter where it might pop up on the internet.
The blockchain allows anyone with access to its distributed ledger to track what went into a product and who handled it along the way. This transparency is especially relevant to food supply chains, given their geographic expansion in recent years and the amount of data companies track.
Bitcoin was designed to be free from control by any one institution. But as mining and buying activity become concentrated in China, a country whose government wields absolute power, it's getting harder to argue that bitcoin is decentralized and borderless.
Major financial institutions such as JP Morgan are finishing up blockchain technology pilot tests and other businesses are starting to jump on board, as well. But is blockchain tech worth the hype?
The blockchain technology at the heart of the cryptocurrency bitcoin has opened up a number of possibilities for the banking industry. Here's what's in it for financial institutions.
It's rare for a day to go by without a bank, startup or financial firm jumping on board the blockchain hype train. But before we get too excited, however, we need to understand the basics of the blockchain.
Top 5 January stories: virtual currency and blockchain 'basics' dominate reader interest despite bitcoin's 2017 price surge
While bitcoin's price has been on a rapid increase since the start of the new year, the public at large is still learning about virtual currency and blockhain technologoy. The five best read stories in January demonstrate that reality.
One area that has lagged in innovation is financial services. Though money is inherently a conservative market, many predicted some time ago that providers would innovate quickly or be replaced.
Top 5 December stories: bitcoin basics, its price surge and new blockchain technology applications capture readers’ interest
The top five best read stories once again covered a wide range of virtual currency topics, reflecting the diverse interests among the young industry's readers.
Virtual currency is a young industry characterized by rapid technological change and increasingly intense regulatory scrutiny. These aspects were evident in the five best read VirtualCurrencyToday stories in November.
With technology changing rapidly, new topics arise frequently in the world of virtual currency. Reader preferences reflect this diversity, as indicated by the top read stories tracked by Virtual Currency Today.