Guide: What is the Raiden Network?

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The Raiden Network with RDN (Raiden Network Token), its associated crypto asset, provides an off-chain solution for many Ethereum problems. These include the transaction processing time and scalability issues of Ethereum. Raiden was created with a purpose, taking into consideration the current financial situation of our times: The global payment industry collects approximately $2 trillion annually, making … Continue reading “Guide: What is the Raiden Network?”

Bank of America Awarded Blockchain-Based Storage Patent

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On Tuesday, Bank of America was awarded a patent for their blockchain-based storage device. The patent mentions blockchain and cryptocurrency several times. This leads some to wonder if a Bank of America crypto could be on the horizon. The new storage patent is based on the same private key cryptography that blockchain has brought to … Continue reading “Bank of America Awarded Blockchain-Based Storage Patent”

Mastercard Awarded Patent for Blockchain in Fractional Reserve Banking

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Cryptocurrencies have quickly become one of the most disruptive forces in the world. Along the way, it’s drawing the envy of global banking institutions, including processing giants, like MasterCard. Granted, at one time, Mastercard was quick to criticize cryptocurrency and blockchain, but times have changed.  In fact, neglecting the technology is no longer an option. … Continue reading “Mastercard Awarded Patent for Blockchain in Fractional Reserve Banking”

Five Interesting Facts about Blockchain Technology

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Whether you understand it or not, blockchain technology is coming – and fast. Retailers, corporations, governments, you name it are rapidly adopting the technology.  In fact, it’s already impacting the food you eat due to IBM’s latest technology. IBM launched a ledger that will track food supply chains.  Known as IBM’s Food Trust Ledger, it … Continue reading “Five Interesting Facts about Blockchain Technology”

Floyd Mayweather Jr. and DJ Khaled Sued for Endorsing Centra Tech ICO

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Investors put millions into the fraudulent crypto startup Centra Tech. And now, they want their money back.  Not only are they suing the company behind it, but the celebrities who endorsed it. That includes boxer Floyd Mayweather Jr. and entertainment mogul DJ Khaled — reportedly being sued for their roles in an alleged illegal cryptocurrency … Continue reading “Floyd Mayweather Jr. and DJ Khaled Sued for Endorsing Centra Tech ICO”

Mastercard has Big Plans with Awarded Blockchain Patents

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Mastercard just acquired a patent to store multiple transactions on a single platform. It’s one of several patent applications from Mastercard. And it hints at big plans to compete in the blockchain-based payments marketplace. Patent: Method and System for Partitioned Blockchain Approved just this week, the patent details a method for the generation of blocks … Continue reading “Mastercard has Big Plans with Awarded Blockchain Patents”

Cisco, IBM and Alibaba File for New Blockchain Patents

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Blockchain adoption is picking up considerable momentum. “Everyone is talking about blockchain, and no one wants to be left behind,” according to PwC’s 2018 Global Survey, which included 600 executives. Corporate American Filing for Blockchain Patents Just weeks ago, Mastercard filed a patent titled, “Method and System for Recording Point to Point Transaction Processing” reveals … Continue reading “Cisco, IBM and Alibaba File for New Blockchain Patents”

Mastercard Files Patent to Use Blockchain for Payment Tracking

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Apparently, blockchain adoption is picking up solid momentum. Mastercard is on board The company filed a few patents for using blockchain technology with the USPTO. For example, its patent titled, “Method and System for Recording Point to Point Transaction Processing” reveals its interest. What it wants to do is record “point to point” transactions upon … Continue reading “Mastercard Files Patent to Use Blockchain for Payment Tracking”

Alibaba’s Jack Ma: This is the Industry Blockchain needs to Target

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Artificial intelligence, blockchain and the Internet of Things (IoT) will all be meaningless if they don’t focus on the manufacturing industry. That’s according to Alibaba’s Jack Ma at the World AI Conference 2018 “The data age is [a] major opportunity for manufacturers to reform the industry. But blockchain and IoT will be meaningless tech unless … Continue reading “Alibaba’s Jack Ma: This is the Industry Blockchain needs to Target”

MasterCard Believes Blockchain can Simplify B2B Transactions

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As blockchain goes mainstream, big business is jumping at the opportunity. Walmart for example has multiple patents to use blockchain with healthcare, the electrical grid, and food for example.  Even Amazon.com is considering the technology.  In fact, it just introduced blockchain as-a-service feature. MasterCard is taking Advantage Nowadays, MasterCard has created a blockchain system it … Continue reading “MasterCard Believes Blockchain can Simplify B2B Transactions”