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How and why businesses are deploying new technology

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March 2020

February 2020

Vitalik Buterin: Ethereum 2.0 promises better privacy, scalability in 2020

Smart-contract platform Ethereum’s new version is set to operate on a Proof of Stake system that may be released in 2020 according to Andrew Keys, co-founder of ConsenSys Capital. Vitalik Buterin, co-founder of Ethereum explained that Ethereum 2.0 will provide added capacity for users through sharding and scaling, privacy features and more alongside the new Proof of Stake system.

How Hedera Hashgraph’s decentralized tracker could stop censorship in coronavirus reporting

Distributed ledger technology could be used by front-line health care responders dealing with the coronavirus epidemic to submit information in real-time around the world regardless of censorship. HashLog, a dashboard designed to publicly track coronavirus developments via distributed public ledger Hedera Hashgraph, could mitigate political influence involved in spreading information, according to Hedera Hashgraph cofounder and CEO Mance Harmon.

January 2020

December 2019

November 2019

How blockchain can save A.I.

There has been a resurgence of AI during the last five to six years.  I use the word resurgence because we have had previous eras when AI was seen as being imminent. Alan Turing devised the eponymous Turing Test in 1950 and brought mainstream attention to the possibility of machines that could think. The Dartmouth […]

A China central bank exec is leading a cryptocurrency course on app De Dao

Mu Changchun, the Deputy Director at the People’s Bank of China (PBOC), launched an online audio course about Libra and digital currency in a popular Chinese education app De Dao on August 4, 2019. It is not the first time Mu talked about Facebook’s cryptocurrency Libra and digital currency. After Facebook announced Libra in June […]

In Conversation with Da Hongfei, Neo: China-Born Digital Asset Protocol

Chinese blockchain companies received a substantial windfall following President Xi Jinping’s bullish support for the development of the technology, and Shanghai-based Neo was one such enterprise. Forkast.News Editor-in-Chief Angie Lau sits down with Da Hongfei, Co-Founder of Neo to find out about the technology and how it will affect various industries in China. Key Highlights […]

President Xi Jinping Endorses Developing Blockchain Technology in China

President Xi Jinping emphasized the development of blockchain technology and called for more research, investment, and regulations for it on October 24. “Blockchain plays a core role in the next round of technological innovation and industrial transformation,” said Xi according to comments recorded by news agency Xinhua during a meeting with members of the Communist […]

Blockchain is key to realizing the digital industrial revolution

Over the past few decades, the internet boom has been helping fill the information gap in our society. Online businesses such as those in e-commerce and social media emerged to help the world share information more efficiently, allowing for the digital transformation of traditionally “offline” industries. Despite the many years of effort, however, this digital […]

Creating a Decentralized Silicon Valley in Switzerland

Switzerland is positioning itself to become a crucial hub for the global blockchain industry as investment group Crypto Valley Venture Capital (CVVC) reports that the top 50 blockchain-related companies in the country are valued over US$40 billion in 2019. CVVC Founder and CEO Mathias Ruch told Forkast.News’ Editor-in-Chief Angie Lau that the country’s regulation and […]

Exclusive Interview with CEO David Gurle: $1B Messaging App Symphony Partners with WeChat

Cloud-based messaging startup Symphony announced a partnership with Internet giant Tencent to integrate their services with WeChat, a massively popular messaging application in China. The California-based startup is aimed to serve professionals in the banking and investment industry, and is positioning itself to be a cheaper means of communication and information sharing than alternatives like […]

Forkast.Focus | HKFinTechWeek: Startups Capitalize on Cryptography in Medicine

The increasing use of big data in the medical industry has left some concerned regarding their rights to privacy, though some companies are working on blockchain and cryptography applications to address the issues. California-based startup blockdoc is one such digital health and security company that is using advanced cryptography. Another is Blue Cross (Asia-Pacific) Insurance, […]

October 2019

Forkast.Focus | HKFinTechWeek: Tandem Bank’s Efforts to Improve Banking

The innovation behind Tandem Bank involves using apps to help its users save money. The “neo-bank” provides all types of traditional services including personal banking, savings accounts, and credit cards. However, their use of emerging technology is what sets it apart from conventional banks, and helps attract users. “Last year we hit 500,000 customers when […]

Forkast.Focus | HKFinTechWeek: How TransferWise is Shaking up Remittances

TransferWise is designed to facilitate the growing market of global remittances by reducing costs the cost of sending money internationally.  Instead of sending money at high transaction fees to other countries through banks or other third parties, TransferWise internally exchanges currency to be sent using real market rates from Reuters or Google exchange rates. By […]

How Blockchain Fights Modern Slavery: Mark Blick, Diginex

It may be jarring to consider, but there are currently more slaves in the world now than at any other point in history. According to figures from the United Nations’ International Labour Organization (ILO) and the Walk Free Foundation, there were about 40.3 million people who can be considered modern slaves in 2016. That means […]

Harnessing Blockchain’s Potential to Eradicate Modern Slavery

An estimated 40.3 million people in the world are being forced to work against their will, trapped in modern slavery. But instead of locks and chains holding these people captive, today they are being held by debts that are impossible to pay off, threats of violence and withholding of documents such as passports, visas and […]
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Explaining Blockchain to Unwilling Enterprises: Accenture’s David Treat

As the Managing Director, Global Blockchain Lead at consulting firm Accenture, David Treat spends his days engaging with enterprise leaders across various industries about blockchain, from understanding the topic until implementation. Forkast.News spoke with Treat on the sidelines of OECD Global Blockchain Policy Forum to find out how these conversations play out, and how Treat […]

September 2019

In Conversation with Joseph Lubin, Founder of ConsenSys: Blockchain is a Paradigm Shift for the Planet

What is the next big thing? As far as Joseph Lubin, Founder of Consensys, is concerned, we are already experiencing it as you read this. Lubin shares how blockchain is already a killer app, being used globally as a new database technology. He notes cryptocurrency is already enabling cross-border transactions that help facilitate trade and […]

Who Will Win the Race to Rule Crypto Payments?

For many people, cryptocurrencies remain an abstract idea removed from everyday life. Most people aren’t even aware of the technology. But one application that can push cryptocurrencies into the mainstream is payments. Making it easy and safe for consumers and businesses to pay bills, buy and sell stuff, and deposit and withdraw funds offer significant […]

China Telecom Introduces its Blockchain SIM Card Project

In anticipation of China Telecom’s new blockchain SIM card project, Director of its Blockchain Research and Development Departments, David Wei Liang, peaks to Angie Lau, Editor-in-Chief of Forkast.News, about the reasoning behind embarking on the project, the product’s uses and implications, and the timeline of its adoption. The time is ripe for telecom companies to […]

A Blockchain-Enabled SIM Card? How This Could Change Our Mobile Experience As We Know It

Distributed, Decentralized, Disintermediating While still in its infancy with regards to proven capabilities and real-life adoption, blockchain technology remains one of the looming threats for a lot of traditional business models. Its ability to directly connect third parties which can engage in exchanges of assets, data or sharing of resources, blockchain is seen as a […]

Opinion | You Do Not Need Blockchain: Eight Popular Use Cases And Why They Do Not Work

Blockchain applications have been a highly debatable topic since the rise of Bitcoin and later Ethereum. Opinions vary from “blockchain will solve most of humanity’s problems” to “this technology works only for money” and even “it is useless”. I’ve been working in the industry since 2017 and have seen and analyzed many blockchain use cases. […]

August 2019

LISTEN: Why Blockchain Compares to the Rise of the Internet, with Steven Nerayoff

Key Highlights Digital currencies on the blockchain can only go global if transactions can be expedited Mass adoption could yield micro-economies, where millions of public businesses could theoretically take off Blockchain technologies are in their infancy, but are projected to yield a 17 trillion-dollar economy when combined with AI and the Internet of Things In […]

July 2019

Government vs. Technology – Bitcoin.com CEO on Why Governments Fear Blockchain, the Threat That Regulators Pose, and the Likely Outcomes

Key Highlights “There is, from an enterprise standpoint, a desire to engage in this new technology and in this ability to move money globally without any barriers at a very efficient cost basis. Speed is what the market is looking for, particularly as we move towards a global organization. Governments are still trying to regulate […]

LISTEN: Why Blockchain is the Hot Topic at Asia’s Leading Event for Next-Gen Technology

It wasn’t even on the agenda last year. Ling Wu, Founder and CEO of TBCASoft, tells us why blockchain is taking the Shanghai Mobile World Congress 2019 by storm. Wu is the Chairman of the Carrier Blockchain Study Group (CBSG) Consortium, an initiative between TBCASoft and SoftBank to build a cross-carrier blockchain platform with leading global telecom operators. […]

Why Blockchain is the Hot Topic at Asia’s Leading Event for Next-Gen Technology

It wasn’t even on the agenda last year. Ling Wu, Founder and CEO of TBCASoft, tells us why blockchain is taking the Shanghai Mobile World Congress 2019 by storm. Wu is the Chairman of the Carrier Blockchain Study Group (CBSG) Consortium, an initiative between TBCASoft and SoftBank to build a cross-carrier blockchain platform with leading global telecom operators. […]

What’s Next for CZ? Binance CEO on Getting Hacked, Being Compliant, and His Future

Changpeng Zhao, better known as CZ, is one of the most influential figures in cryptocurrency / blockchain circles. From flipping burgers at McDonald’s to getting his computer science degree at McGill University, to now Founder and CEO of Binance; CZ has built one of the world’s largest cryptocurrency exchanges. In this unreserved 40-minute conversation, CZ […]

What’s Next for CZ? Binance CEO on Getting Hacked, Being Compliant, and His Future

Changpeng Zhao, better known as CZ, is one of the most influential figures in cryptocurrency / blockchain circles. From flipping burgers at McDonald’s to getting his computer science degree at McGill University, to now Founder and CEO of Binance; CZ has built one of the world’s largest cryptocurrency exchanges. In this unreserved 40-minute conversation, CZ […]

Opinion | Why the Cryptocurrency Exchange Model Is Prime for Disruption

Ever since the discovery of blockchain technology, we’ve heard a lot about inefficient systems that it can fix. From the internet to advertising, healthcare, the voting system, and the supply chain; the list of things that aren’t working optimally is long and laden with overpromises. Blockchain is not a panacea for all the world’s ills, […]

No Permission Needed — How Arthur Hayes, BitMEX CEO, is Self-Made with a Multi-Billion Dollar Trading Platform

In a candid conversation, Co-Founder and CEO of BitMEX Arthur Hayes defends why BitMEX is set up in Seychelles, the promise of blockchain for everyone, why ICOs are not a problem, and why his industry is not a “scam.” This self-proclaimed “economics-history nerd” and former Deutsche Bank banker, who joined then lost his job at […]

Blockchain Crop Insurance Big Boost For Farmers in Sri Lanka

LONDON — Aon, one of the world’s largest insurance companies, has teamed up with respected charity Oxfam and blockchain start-up Etherisc to deliver blockchain crop insurance policies to small farmers in Sri Lanka. “Farmers in Sri Lanka represent a third of the workforce and account for almost 20 percent of the economy. Yet, very few […]

Why AAX Built a Crypto Exchange with London Stock Exchange Technology

Forkast.News Editor-in-Chief Angie Lau sits down with Peter Lin, CEO of AAX at the Mobile World Congress in Shanghai for this episode of “In Conversation With” Lin is about to launch a new digital asset exchange using London Stock Exchange trade-matching technology to provide an institutional grade platform to attract investments from hedge funds and […]

Why AAX Built a Crypto Exchange with London Stock Exchange Technology

Forkast.News Editor-in-Chief Angie Lau sits down with Peter Lin, CEO of AAX at the Mobile World Congress in Shanghai for this episode of “In Conversation With” Lin is about to launch a new digital asset exchange using London Stock Exchange trade-matching technology to provide an institutional grade platform to attract investments from hedge funds and […]

Geco.One Launches IEO, Promising To Make Crypto Trading Easier and Safer

TALLINN, Estonia – Innovative trading platform Geco.one launched its Initial Exchange Offering (IEO) today. Geco.one is novel because lets users invest with a professional cryptocurrency trader. Any user can select a trader on the platform and let that trader manage their assets. The trader combines the assets with their own trades. The company says since […]

June 2019

Telecom Giants Collaborate On Blockchain Settlements Platform

Greenwood Village, Colorado — Many of the world’s largest telecoms will team-up to launch a blockchain-based platform to make contracting and payments between themselves faster and cheaper. Known as the Communications Blockchain Network (CBN), it will go live in the coming months. Currently, 11 carriers have agreed to join: A1 Telekom Austria, China Telecom Global, […]

Opinion | Could Huawei’s Problems be Solved with Blockchain?

The recent move by the U.S. government to blacklist Huawei has been causing a lot of commotion.  The decision by the U.S. to ban Huawei has invited speculation as to the reasoning, although the main point cited by the Trump administration is the issue of national security. While the whole situation is multi-faceted, the trepidation […]

A (Blockchain) Call to Action

“Knowledge is power” is a phrase you may have heard once or twice in your lifetime. Today, I’d like to propose a bit of a 21st century twist on the saying — “data is knowledge and knowledge is power, therefore data is power.” Easy enough, right? We are living in a time where our data […]

American Corporate Giants Use Blockchain To Make Drugs Safer

Armonk, NY — IBM, KPMG, Merck, and Walmart have been picked by the United States Food and Drug Administration to develop a blockchain system to improve drug safety. The four corporate giants will work together on a solution to track and trace some prescription medicines and vaccines as they move through the supply chain. Each company […]

The Advantages of Not Being Open Source (Part II)

Key Highlights In lieu of being open source, Hedera Hashgraph aims to bring stability to its platform Hedera Hashgraph’s cryptocurrency is called HBAR Listen to the full podcast version of this interview Transcript of Part II But Hashgraph in of itself is patented… Hashgraph is an algorithm, correct. The IP for Hashgraph is privately owned. […]

Mance Harmon on Why Hashgraph is a Better Alternative to Blockchain (Part I)

Key Highlights Hashgraph is an alternative to blockchain Hashgraph optimizes both security and performance Listen to the full podcast version of this interview Transcript of Part I In conversation with Mance Harmon, Co-Founder and CEO of Hadera Hashgraph, and also a course director for cyber security at US Air Force Academy. He’s also a Program […]

How Hedera Hashgraph Will Spend $100M (Part III)

Key Highlights Fundraised $100M at a $6B valuation Hedera Hashgraph has proposed a new regulatory language Listen to the full podcast version of this interview Transcript of Part III Well, it’s very exciting in the space. You raised 100 million dollars on a 6 billion dollar valuation. What are you doing with 100 million dollars? […]

How the U.S.-China Trade War Impacted Hashgraph (Part IV)

Key Highlights Hedera Hashgraph will devote capital from the fundraise to grow enterprise sales and double down on regulatory The governing body for Hedera Hashgraph was designed to be distributed and representative of all constituencies from a global perspective Listen to the full podcast version of this interview Transcript of Part IV Liquidity and market. […]

When Will We See Real-World Solutions? (Part V)

Key Highlights Hedera Hashgraph is focused on enterprise solutions of distributed ledger technology (DLT) adoption Several large brands, including Nomura, Deutsche Telekom, Swisscom, and DLA Piper are already users of Hashgraph Listen to the full podcast version of this interview Transcript of Part V What’s the road map for you? Testnet, Mainnet, what do we […]

Can Hashgraph Co-Exist With Other Blockchain Players? (Part VI)

Key Highlights The market of players will consolidate over time to a handful of large players Hedera Hashgraph will continue to start with enterprise applications in an effort to become the leader in that space within distributed ledger technology Listen to the full podcast version of this interview Transcript of Part VI Can you co-exist […]

Facebook Unveils Libra – A Cryptocurrency With Big Goals

Facebook today unveiled its long rumored cryptocurrency, which will be known as Libra, and you won’t need a Facebook account to use it. That’s because Facebook says it wants to help those without bank accounts. “Libra holds the potential to provide billions of people around the world with access to a more inclusive, more open […]

In Conversation with Mance Harmon (Full Interview)

Key Highlights Hashgraph is an alternative to blockchain Hashgraph optimizes both security and performance In lieu of being open-source, Hashgraph aims to bring stability to its platform Hedera Hashgraph’s cryptocurrency is called HBAR Fundraised $100M at a $6B valuation Hedera Hashgraph has proposed a new regulatory language Hedera Hashgraph will devote capital from the fundraise […]

Students Create Canada’s First Blockchain Diplomas

Calgary — The Southern Alberta Institute of Technology (SAIT) will be the first post-secondary institution in Canada to issue digital diplomas through blockchain. More than 4,800 graduating students in SAIT’s Class of 2019 will receive blockchain-based documents along with their traditional parchments. Fittingly, the idea was inspired by a group of students. “Last year we […]

Blockchain Voting Pioneer Voatz Scores Series A Funding

BOSTON — Blockchain voting platform Voatz announced today it raised $7 million in Series A funding, including backing from Medici Ventures, the subsidiary of Overstock.com created to boost blockchain. “Voting is a great application of blockchain technology,” said Medici Ventures President Jonathan Johnson. “Many of the key issues facing the world today cannot be addressed until we have […]

Facebook to Launch Cryptocurrency?

Reports say Facebook will announce its rumored cryptocurrency sometime in June, and will allow employees working on the project to take their salary in it. Facebook appointed former PayPal executive David Marcus last year to explore opportunities with blockchain. Insiders say Marcus has focused on a digital currency, which users will be able to store, […]

Blockchain’s “Voice” Takes on Facebook

Move over Facebook, a new kid is on the block. Voice, a new blockchain-based social media platform, will launch promising users more control over their posts and photos. “The truth is, current social media platforms are designed to use their users,” said Brendan Blumer, CEO of Block.one.  “By design, they run by auctioning our information […]

May 2019

Putting Medical Data on the Blockchain Could Save Lives

To seek diagnoses and treatment, patients have to share with healthcare institutions detailed information, including biological samples from blood tests, scans and other assessments as determined relevant by clinical staff. A patient’s medical history should be a comprehensive collection of such information, kept up-to-date on records secured and accessible to individual patients and their healthcare […]

In Conversation with Charles Hoskinson (Full Interview)

Key Highlights Open-sourced platforms face bottlenecks In a truly decentralized community where there is no direction or leading voice, it can be difficult to gain consensus and make progress; establishing governance for a more disciplined and coordinated team can quicken decision-making and maintain quality Creating a bridge between centralized and open-source blockchain is a critical […]

From Africa to Asia, What does Global Growth Look Like for Cardano? (Part V)

Key Highlights Cardano is now looking at Vietnam, Cambodia, Malaysia, and Indonesia for expansion Hoskinson is thinking about Samsung S10, digital identity, and how to manage a public-private key pair for cryptocurrency Listen to the full podcast version of this interview Transcript of Part V At Cardano, you’re moving towards shaping that part of the […]