Ethereum Metropolis hard fork is close

Ethereum metropolis hard fork

The highly-anticipated Ethereum Metropolis hard fork is due to occur in the coming weeks. While speculation has been rife that the date will fall somewhere at the end of September, but it is looking increasingly likely that it will now be early October. Talk of the fork has been building since the release of the Etereum road map for 2017 indicated that an upcoming system release would contain major upgrades to the platform. The ‘hard fork’ will occur when the platform introduces an...

Ethereum Seperent smart contract language ‘should not be considered safe to use’

Serpent smart contract language

One of ethereum’s earliest smart contracting languages is being put out to pasture, after an audit highlighted a number of vulnerabilities. The audit was carried out by blockchain security specialists Zeppelin Solutions at the behest of prediction market Augur. As one of the earlier ethereum projects, Augur has a large amount of its REP in contracts written in Serpent. While Serpent was the principle smart contract language available at the time of the Augur token contract, it was soon...

Parity Wallet breach leads to $30 million Ether theft

$30 million Ether theft

There have now been two high profile cryptocurrency heists in the space of as many weeks, as hackers reportedly made off with $30 million in Ether last week. The latest attack exploited a vulnerability in Ethereum wallet client Parity, which allowed the hacker to send funds from multi-sig contract wallet. Multi-sig wallets are designed so that multiple people have control over the keys, and funds cannot be moved unless the majority approve the move with their keys. A security alert...

‘Crypto Valley’ offers digital identities to its citizens

Crypto Valley, Zug, Switzerland

The Swiss town of Zug, dubbed ‘Crypto Valley’, will offer all of its citizens a digital identity on the Ethereum blockchain. The town, which has a population of around 30,000, has become famous around the world for its early and passionate adoption of cryptocurrencies. The town even trailed the use of bitcoin for payments for government services last year. The town has proved attractive to blockchain and cryptocurrency enthusiasts and entrepreneurs who like the business environment...

Consensys sets up Blockchain for Social Impact Coalition

Blockchain for Social Impact Coalition

Consensys has formed a group to try and use the power of Ethereum blockchain to create a positive social impact for those in need. The Blockchain for Social Impact Coalition (BSIC) wants to incubate, develop and implement blockchain solutions that act towards he solution of social and environmental problems. It is important that the solutions are ‘investable, scalable and replicable’. There has been a lot or interest within humanitarian organisations, not lest the WFP, about the...

John McAfee moves into Ethereum mining

John McAfee ethereum mining

MGT Capital Investments, Inc, the company run by John McAfee, has announced that it is to begin mining Ethereum. In a press release, the company stated that it has purchased 60 mining computers from Bit5ive LLC. These computers will use their cutting edge GPU and Intel CPUs to divide the has rate between Ethereum and Ethereum Classic. The bitcoin rival has begun attracting serious attention from the financial world after it surged almost 4,000% this year. Grayscale investments, for...

Microsoft and Accenture create blockchain-based digital-identity solution for ID2020

Accenture has teamed up with Microsoft and Avanade to develop a digital-identity prototype based on blockchain and biometric technologies. This prototype aims to solve the problem faced by more than 1.1 billion people lacking official documented identities around the world. The prototype is a type of database system that enables same data to be accessed by multiple parties without compromising on its security or integrity. Its design is in alignment with the principles of Microsoft’s...

Thomson Reuters makes BlockOne IQ available to developer community

Thomson Reuters HQ

The world’s leading source of market information and news, Thomson Reuters, has taken another large step into the blockchain space. The company has released a ‘smart oracle’ to the blockchain ecosystem for ‘lean experimentation purposes’. BlockOne IQ allows organisations to incorporate real market data into their applications, with cryptographic proof that the data came from Thomson Reuters. Sam Chadwick, director of Strategy in Innovation and Blockchain at Thomson Reuters,...

United Nations WFP extends Syrian refugee Blockchain scheme

Syrian refugee camp

The UN world Food Programme (WFP) has called the initial results of a pilot scheme utilising ethereum-based blockchain to deliver aid to Syrian refugees as ‘positive’. The pilot looked to utilise blockchain to manage the cash-based transfer (CBT) system used to distribute cash assistance to 10,000 Syrian refuges living in Azraq camp in Jordan. The scheme is a joint effort by the WFP, its Innovation Accelerator and the Jordan Country office. Innovation Accelerator employee Alex...

Ethereum-based food provenance system launched

Global food supply chain

OwlTing, an e-commerce platform focused on food safety, has announced the integration of blockchain technology into its supply chain infrastructure. In partnership with vendors Nice Garden and Upwelling Ocean, the OwlChain platform hopes to create ‘a benchmark for better food safety’. OwlTing wants to use technological advances to reinvent customer experiences. Their OwlTing Map product, for instance, integrates detailed diary and fruit product profiles with geophysical info. This...