What financial service providers should know about blockchain: Opportunities and threats

Credit to Author: Trend Micro| Date: Wed, 25 Jul 2018 15:30:51 +0000

It seems that every few years, an advanced and innovative new technology emerges and becomes the next big thing for organizations across different industries. Take the cloud and big data, for example – during their buzzword stage, these concepts were being attached to just about everything in the tech space. Currently, it appears that blockchain…

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Mingis on Tech: The blockchain evolution moves from services…to smartphones?

Credit to Author: Ken Mingis| Date: Wed, 18 Jul 2018 11:30:00 -0700

If 2017 was the year many tech firms suddenly looked around and realized they needed to be part of the blockchain craze, this is the year companies in a variety of industries have begun actively experimenting with the distributed ledger technology.

Helping to make that possible – especially for firms with no experience in building out blockchain systems themselves – are IT vendors like IBM, Microsoft, HPE and Amazon Web Services. They now offer blockchain-as-a-service.

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Here come the first blockchain smartphones: What you need to know

Credit to Author: Lucas Mearian| Date: Fri, 13 Jul 2018 03:12:00 -0700

After months of speculation, Taiwanese electronics company Huawei Technologies Ltd. (HTC) has confirmed it will be releasing a blockchain-enabled smartphone this year that will allow users to securely store cryptocurrency offline and act as a compute node in a blockchain network.

“We want to double and triple the number of nodes of Ethereum and Bitcoin,” HTC said in its marketing material for the device. The new smartphone is expected to be able to work with multiple blockchain protocols allowing for interoperability between them.

In addition, the HTC Exodus blockchain-enabled smartphone will allow owners to play CryptoKitties, a decentralized app (Dapp) game. Dapps are applications that run across multiple nodes on peer-to-peer (P2P) networks.

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Apple bans cryptocurrency mining apps on iOS to protect mobile users

Credit to Author: Lucas Mearian| Date: Tue, 12 Jun 2018 12:36:00 -0700

Using an iPad or iPhone to mine bitcoin or other cryptocurrencies would be hard to do, as the CPU power available to complete the task would be a drop in the bucket compared to what’s needed.

But using a portion of the CPU power from thousands of iPads or iPhones to mine cryptocurrency makes more sense – and that’s exactly what some malware has been doing.

Apple is now moving to stop the practice.

[ Further reading: The way blockchain-based cryptocurrencies are governed could soon change ]

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Blockchain and the IoT: 2 of the 5 elements that will change your world

Credit to Author: Nicolas Windpassinger| Date: Tue, 12 Jun 2018 12:36:56 +0000

Blockchain: After the hype, back to real life Even if blockchain technology must still overcome some challenges, there has recently been a clear change in the attitudes and initiatives regarding… Read more »

The post Blockchain and the IoT: 2 of the 5 elements that will change your world appeared first on Schneider Electric Blog.

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Solving a blockchain conundrum: Biometrics could recover lost encryption keys

Credit to Author: Lucas Mearian| Date: Thu, 17 May 2018 03:11:00 -0700

Blockchain could one day solve the online privacy problem by encrypting or scrambling personally identifiable information and issuing each person a random string of bits – a private key – created explicitly for unscrambling their data.

The person holding the blockchain private key could issue various public keys controlling who has access to the personal data on the blockchain. So, for instance, if a car rental agency needed to verify you have a driver’s license, you could use a public key to give them access to that information.

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Mingis on Tech: Lessons from RSA 2018

Credit to Author: Ken Mingis| Date: Wed, 09 May 2018 03:30:00 -0700

This year’s RSA Conference in San Francisco had a lot of ground to cover. Cybersecurity, of course. Fending off ransomware attacks. Building security best practices into employee training.

But, according to CSO’s Steve Ragan, the hottest topics at the 2018 conference were this month’s looming GDPR deadline and blockchain, blockchain, blockchain. (In fact, the two are often part of the same conversation.)

Ragan, who attended RSA, spoke with Computerworld Executive Editor Ken Mingis about what he learned, with a special focus on the May 25 GDPR deadline and what companies are scrambling to do to protect their data.

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