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IBM and TRAI work together to block spam calls
Walmart uses the blockchain to monitor the pig's movement in China digitally
"Blockchain" training workshops held in Bengaluru
In 2016, a smart contract platform called Slock (.it) worked on Ethereum, in partnership with a German energy giant RWE, in an attempt to revolutionize the way electric cars are loaded. The project would allow cars with digital portfolios to "talk" about autonomous electric charging points located under the road to a road sign, which will load the car in small increments while waiting.
While charging your electric car to the signal is theoretically possible. However, the problem is that multiple gateways must be overcome between the charging company, the bank and the car payment system. The Slock (.it) solution built on blockchain completely eliminates the friction from what was previously a mixture of contracts.
Clearly the blockchain technology is not as soon as on more cryptocurrencies.
While governments, banks and other financial institutions took a rather defensive stance on cryptocurrencies, they were very eager to understand and adopt blockchain solutions. From land registry records in Karnataka, India, crop harvesting to small farmers in Africa, IBM and Walmart using blockchain to digitally track the pig's movement in China; people are finding new cases of technology use every day.
Now it's December and companies around the world are retiring for the holidays, but the news keeps popping up once in a while. So here's a quick rundown of blockchain news from India and from around the world.
Blockchain News from India
Property of the crowd in real estate
The online real-estate company Housing.com has proposed a centralized register of government land register based on the blockchain. In a blog post, the company has highlighted that records of land titles in India tend to be fragmented and unclear. Blockchain technology can help buyers, in determining land title, land ownership details, number of transactions on land parcels, land disputes, etc. This information can save time, costs and avoid fraudulent agreements.
blockchain can also allow ownership of the crowd property. For example, a group of people who can not afford to buy a hotel on an individual basis can come together through an online process to buy a part of the hotel.
IBM and TRAI work together to stop spam calls
Reportedly, International Business Machines (IBM) has developed a solution to block those annoying spam calls with a "Do Not Call" (DNC) register with blockchain and even a blockchain solution that can be used in mobile number portability (MNP) ).
"We have completed proof of concepts and pilot projects with all major telecommunications providers and with TRAI in this space," said Sriram Raghavan, vice president of IBM Research. ET. "We anticipate that, as we enter the new year, we will begin to see the blockchain solutions being launched".
Practical training of Blockchain in Bengaluru
Dunya Labs, a manufacturer of blockchain, hosted the inaugural sessions of his Catalyst series in Bengaluru. Catalyst, a program of practical workshops for blockchain development, was launched in collaboration with the Blockchain district of the Telangana government as part of the state's blockchain education efforts.
Currently less than 1% of the country's developers have exposure to blockchain development and the experience is limited to platforms such as Hyperledger and Ethereum.
Blockchain News from around the world
Bitcoin gets its network of satellites
The bitcoin has undoubtedly had a difficult year. However, the American startup Blockstream, which raised $ 101 million (INR 709.93 Cr) from Khosla Ventures and others, is now reported the whole bitcoin blockcoin streaming from five satellites strategically positioned in orbit around the Earth to reach all the main continental masses.
Switzerland gets comfortable with Blockchain
The Swiss government has stated that it does not need to formulate new laws to regulate the blockchain and to accept new technologies in the country's existing financial laws.
The Federal Council of the country has published a report on Friday (December 14), providing a legal framework for distributed ledger technology (DLP), or blockchain, stating that the existing regulations in Switzerland are suitable for managing these new technologies, but c & # 39, is still needed for some amendments.
A thought of separation
From the advent of globalization, the source of production is often hidden from the end user. For example, how do you know if a fair trade with chocolate was actually grown without the exploitation of farmers or a pair of shoes you bought were not made in a factory? Because of the current trading system, it is often very difficult to verify the authenticity of a manufacturer's claims.
To be certain, a record of all transactions is required throughout the life of the product, without interference from bad actors or vested interests. This is possible with blockchain as it is a decentralized ledger that stores data chronologically.
While it would be utopian to think that with the growing interest of big companies like IBM, blockchain applications will remain decentralized. As big companies will have a great influence on the future of technology. However, the first field experiments were promising, not only in terms of utility, but also to challenge the current guardians of commerce and finance. By recording the contributions of often neglected economic participants such as workers and farmers, blockchain could one day bring real change to the way business is done.
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