‘Groundbreaking’ blockchain trade trial by Australian Commonwealth Bank tracks tonnes of almonds

17 tonnes of almonds have been successfully shipped and tracked from Victoria (Australia) to Hamburg (Germany) in a blockchain-based collaboration between the Commonwealth Bank (CBA) and five Australian and international supply-chain leaders. According to the company’s blog, the trade experiment was facilitated by distributed ledger technology, smart contracts and the internet of things (IoT), which worked in parallel to existing processes to track the shipment “from packer to end...

Blabber: A brave new world of social media monetisation with blockchain

Not many companies can claim to be as brave as Blabber, a blockchain-based startup with the lofty goal of disrupting the social media industry, although with four in 10 social media users deleting accounts of privacy fears (ahem, Cambridge Analytica), not to mention the scourge of fake news, it may be onto something. Blabber’s goal is about handing the power and decisions back to the consumer, providing incentives for both high-quality content and selective use of their data by...

AdBlock Plus owner Eyeo trials blockchain-based extension to identify fake news

Having arguably thrown the biggest spanner of the decade into the digital advertising economy, AdBlock Plus owner Eyeo’s next crusade is to rid the web of fake news, and it plans to use blockchain in the fight. Introduced in beta as a new Chrome extension, the eventual plan for Trusted News is to gather and reward user-generated feedback on sites, which will be processed and stored on a decentralised database. As a result, users will be able to see when a news source is classed as...

Chile to put energy data on Ethereum’s blockchain

Chile plans to put energy data on Ethereum blockchain

Chile's National Energy Commission (CNE) has announced that it will be utilising the Ethereum blockchain for the nation’s first distributed ledger project. The commission confirmed the plan on April 5th, after first announcing it in February 2018. The CNE will look to authenticate a range of energy data, such as average market prices, marginal costs, fuel prices and renewable energy law compliance data. The hope is that blockchain technology will improve the security of the country’s...

Ethereum is not the future of a decentralized internet

Ethereum is not the future of a decentralized internet

When Ethereum was conceived in 2013, as a distributed technology for application development, many hailed it as the essential layer on which the apps of the future would be built. Even now, when you think of the words ‘decentralized application’, Ethereum instantly comes to mind. But a lot has happened in the four years since, both for Ethereum and the other blockchains in the crypto-economy. While I’m not predicting the end of Ethereum, the landscape for app developers looking to...

Ethereum is now handling more transactions than all other digital currencies combined

Ethereum - daily transactions

Despite being only two years old as a digital currency, Ethereum is now processing more transactions than all other digital currencies combined, including its main rival bitcoin. In a single 24-hour period on 21 November 2017 there were over half a million transactions processed by Ethereum. This is a level that is line with the recent performance of the platform, which is all the more astonishing considering that early last year this number would have been closer to 10,000. According to...

Parity wallet code bug ‘freezes’ $280 million

Parity wallet - frozen funds

A series of bugs in the Parity wallet has led to a huge amount of ether being locked up accidentally. Rather than being the result of a malicious hack, the loss of such a large amount of money appears to be the result of a developer mistake in trying to react to flaws in the Parity code. The flaw was contained in the fix for the multi-sig vulnerability that was exploited by hackers in July, and which lead to the theft of $30 million in ether. The new Parity wallet contract, deployed on...

Will Vitalik’s ‘sharding’ proposal fix Ethereum’s scaling problems?

ethereum - sharding

At Devcon last week, Vitalik Buterin presented a proposal to deal with the massive problem of scaling facing the network as adoption of Ethereum and the smart contracts system it supports gains increasing market share. His "modest proposal" for Ethereum's future was timely and exciting. A problem common to all blockchains, but in particular Ethereum, specifically due to the  explosive growth of the ICO market, is that the size of the database underlying the blockchain grows without bounds,...

Ethereum launches Byzantium hard fork

Ethereum - Byzantium - metropolis

  The Ethereum update has officially happened, and so far, it seems to be going smoothly. The fifth hard fork to occur on the second largest cryptocurrency has brought in a number of changes that are designed to improve the platform.

The #Ethereum Byzantium Hard Fork was successful! ?? Monitor It Live! https://t.co/AucspfAXk2

— Ethereum Network (@EthereumNetw) 16 October 2017 This round of changes, known collectively as Byzantium, is the first...

Ethereum’s Raiden to launch ICO

Raiden - Ethereum - ICO

Raiden, the highly anticipated Ethereum scaling project, will hold its ICO in October. The Raiden Network is designed to be an infrastructure layer that sits on top of the Ethereum blockchain to allow for near-instant, low-fee and scalable token transfers to be made on the network. The launch of a publicly traded token, called RDN, will allow the payment protocol to be further funded and developed. The project was first unveiled in 2015 as a way to increase the transaction capacity of...