Decentralized Identifiers, or DIDs, are user-controlled identifiers that let people share only the necessary information rather than all their personal data. Users can make claims about their identity without including sensitive information. Privacy risks, inefficiencies, security breaches, and user dissatisfaction are only some of the pitfalls of traditional Know Your Customer (KYC) procedures, which involve […]
Blockchain News
Blockchain testnet launch brings Web3 applications closer to Web2 standards
Linera is a blockchain that provides advanced scalability through its signature microchain technology. While blockchain technology promises true decentralization, very few networks today can achieve it without sacrificing speed. Many platforms struggle to scale, leading to slow transaction processing and high fees, while others rely on centralized components to maintain performance. These compromises undermine the […]
UK to Trial Sales of Blockchain-Based Gilts Within Two Years
The UK plans to begin issuing digital gilts within the next two years, as the government latches onto technology it’s been slow to embrace. Chancellor Rachel Reeves is expected to announce a digital issuance trial in her Mansion House speech to the City of London on Thursday, according to people familiar with the matter. Chancellors […]
South Korea tests digital vouchers, blockchain for item recovery
South Korea’s central bank has launched a pilot project that aims to digitize payment vouchers as part of its wider central bank digital currency (CBDC) trial. The Bank of Korea (BOK) announced the new pilot last week. The initiative seeks to expand the use cases of the upcoming digital won. BOK partnered with the Financial Services Commission (FSC) and […]
Ethereum’s ENS Identity System Set to Launch Own Layer-2 Blockchain
ENS Labs, the company behind the Ethereum Name Service, is moving ahead with a plan to launch its own layer-2 network. Namechain, as the new network is called, should go live around the end of next year, ENS Labs’ chief operating officer, Katherine Wu, told CoinDesk. It will use zero-knowledge rollups, a scaling technology that speeds […]
Blockchain Controversy : Snowden’s Warning On Solana’s Centralization
During an intervention at the Redacted conference organized by Near, Edward Snowden, an iconic figure in the protection of individual freedoms, targeted Solana, one of the heavyweights in the sector. Indeed, he described it as a project hampered by the weight of venture capitalists. For Snowden, the influence of large investors jeopardizes the fundamental principles […]
Why Banks Might Want to Have a Blockchain Strategy
The definition of crypto has historically oscillated between two poles: buzzword and true innovation. And to hear the industry’s executives tell it, the lack of regulatory clarity is among the primary reasons surrounding the uncertainty around blockchain’s potential impact, particularly within regulated industries like financial services and payments. But last week, 50 of the 58 crypto-backed general-election candidates won their U.S. […]
Air Fryers, TVs and Speakers Collect ‘Excessive’ Data: Can Blockchain Help Smart Home Devices?
An increasing number of smart home devices are collecting “excessive” amounts of data from users – and may even be listening to users. With smart devices being named the most vulnerable forms of technology on the market, some experts believe that blockchain is needed to help keep them secure. Smart Home Devices Are Hungry for […]
JPMorgan to Rebrand and Expand its Blockchain and Tokenization Platform
JPMorgan has rebranded Onyx, one of the world’s first bank-operated blockchains, and plans to enhance the platform to drive broader adoption of blockchain technology and tokenization across mainstream financial services. The platform will now be called Kinexys, and the company’s payment settlement system, JPM Coin, will be rebranded as Kinexys Digital Payments. In addition to […]
Unpaid royalties are killing artists’ earnings – could blockchain be the ultimate fix?
Globally, music professionals are missing millions, if not billions, of dollars in royalties. This isn’t just an occasional oversight or technical flaw; it’s a fundamental problem within an industry that wants to prevent its evolution to preserve profits. Does that sound extreme? Well, the recent lawsuit initiated by Limp Bizkit against Universal Music Group (UMG) shows just […]