Parity Hack

Tuesday greeted those invested in cryptocurrency with news that nearly $300 million dollars worth of ether, the unit of exchange on the Ethereum (ETH), had been permanently locked into dozens of digital wallets by a single user. The user, reported to be a young teenager by many sources, had allegedly done this “by accident”, and Continue Reading

Benefits of Blockchain in the Utility and Service Industry

All businesses are based on transactions. However, the routing of these transactions is often done through external intermediaries, such as banks, lawyers, and agents – which can lead to slow and costly processing. The blockchain technology has the potential to reduce the role of intermediaries, drastically accelerating the transactions of multiple participants and reducing costs, Continue Reading