The internet pioneer behind Apache pushes blockchain to fuel the next big internet revolution
WHY THIS MATTERS IN BRIEF Everyone agrees that blockchain is a disruptive technology, and a technology that could help revolutionise not just one industry but all of them but in order for it to really change the world it first needs to be embedded into the “plumbing” of the internet,...
New blockchain DNS system would put an end to DDoS attacks
WHY THIS MATTERS IN BRIEF Blockchain can help organisations and governments improve the resilience of their operations without compromising security On Friday, October 21st the internet – specifically the US west coast and parts of Europe, fell victim to the worlds largest DDoS attack. At the time reports said that nearly half the...
UN backs ID2020 blockchain consortium to give 2 billion people an identity
WHY THIS MATTERS IN BRIEF The UN is backing a blockchain consortium to help them give a voice, and recognition, to over 2 billion people. According to the United Nations there are over 2 billion people who have no way of proving who they are. And while at first glance...
New GE connected dishwasher could disrupt two industries
GE’s connected dishwashers have become self sufficient and it marks the beginning of the disruption of two industries Disruption is sometimes subtle. Sometimes you miss it and then, at some point you wonder what happened to your sales. Then you kick your innovation teams into overdrive and then you realise it’s...
Pentagon mulls putting the whole US military onto blockchain
WHY THIS MATTERS IN BRIEF Blockchains immutability could be the key to keeping the US military’s assets and nuclear arsenals secure. The number of organisations and sectors that have been rolling out and experimenting with blockchain over the past year has been steadily increasing as it begins to look...
Dubai announces plans to put the entire Emirate onto the blockchain
WHY THIS MATTERS IN BRIEF Dubai wants to become less dependent on oil and the emirate is rapidly becoming one of the most progressive nations in the world. Earlier this week, at an event hosted by the Dubai Future Foundation and the Smart Dubai Office, the Crown Prince of Dubai announced...
Nasdaq-GE blockchain paves the way for Virtual Power Plants and distributed energy grids
WHY THIS MATTERS IN BRIEF Nasdaq imagines a day when you can bypass the local power company and buy power from whoever you like – even your neighbours. Imagine a day when the national rail company buys its power from collectives of neighbourhood consortiums who have an excess from...
From line to plate, Tuna gets its own blockchain
WHY THIS MATTERS IN BRIEF Tuna becomes the world’s first fish to get its own blockchain to track it’s provenance from net to plate. Most people have heard of bitcoin but fewer people are familiar with blockchain, the revolutionary technology that underpins it. And now this technology, which ostensibly began life in the...
Wanxiang announces plans to use Blockchain to underpin it’s $30 Billion Smarter Cities program
WHYTHIS MATTERS IN BRIEF Blockchains momentum keeps rolling on with another company announcing another major push. Another company jumped on the blockchain bandwagon in a big way, with Wanxiang’s $30 billion smart city project. The Chinese electric car maker announced the mega-project at last weeks Global Blockchain Summit. Wanxiang said...
Amazons drones will recharge themselves using street lamposts
WHY THIS MATTERS IN BRIEF Amazons new patent could change the look of your community forever. It looks like Amazon is finally answering a fundamental question about its long awaited delivery drones – where will they land? And a possible answer, according to a recent patent filing that they put...
BHP turns to blockchain to improve its supply chain
WHY THIS MATTERS IN BRIEF Blockchain is finding a home in the enterprise and now BHP want to use it to improve their supply chain. At this weeks Global Blockchain Summit BHP Billiton, the world’s largest mining firm, revealed that it is going to begin using the Ethereum blockchain and IPFS running on Microsoft Azure...
Accenture debuts editable blockchain prototype
WHY THIS MATTERS IN BRIEF One of Blockchains key attributes is that it serves as an Immutable Record, now Accenture wants to change that. Accenture is courting controversy among the blockchain community by patenting a technique that will allow it to edit information held on the blockchain in an attempt...
Bitcoin slumps twenty percent after $65m Bitfinex hack
The Bitfinex heist is the latest is a growing line of high profile heists that are undermining confidence in the crypto currency The price of the virtual currency Bitcoin fell sharply Tuesday after Hong Kong-based digital-currency exchange Bitfinex said it was hacked, resulting in the possible theft of $65 million...
Ethereum community votes to reverse DAO hack
In a landmark decision, the distributed, decentralized community that makes up Ethereum came to a near-unanimous consensus to implement a radical software change, known as a “hard fork.” This has been done in order to prevent a hacker who attacked The DAO and drained nearly $40 million worth of ether,...
The Hard Fork, D-Day for Ethereum and the DAO
Last month, an unknown attacker drained tens of millions of dollars worth of the digital currency Ether from The DAO, an Ethereum based smart contract aimed at functioning as a funding vehicle for projects in the ecosystem. The incident sparked an effort to effectively roll back the clock and undo...
Smart appliances will disrupt banking
WHY THIS MATTERS IN BRIEF It’s rich, it’s smart and it’s cool – meet your new fridge. The Internet of Everything, an emerging multi trillion dollar trend that embues a world where everything is connected to everything else and where inert ‘Dumb’ materials and products are embedded with technologies and sensors that make...
Future corporations will run without Humans
WHY THIS MATTERS IN BRIEF A world where corporations run themselves without the need for any Human intervention is already being realised. The future is hidden in plain sight. Multi billion dollar corporations that run without the need for people sounds like Hollywood fiction but the technology and technology...