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October 2006

Deloitte Launches Demonstrational “Blockchain in a Box” Platform

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Deloitte

Deloitte

Multinational consultancy firm Deloitte has announced the release of its “Blockchain in a Box” platform that hosts demonstrations and experiments of distributed ledger technology in business applications.

Blockchain in a Box Platform

According to the company’s press release on August 9, the development of the “Blockchain in a Box” BIAB platform was inspired by customer interest in understanding the potential of distributed ledger technology in real-life circumstances. Business start-ups find it hard communicating to stakeholders about the unique benefits of blockchain and therefore Deloitte will be looking to fill that gap with its BIAB platform. The BIAB platform is mobile-based and will make it easier for developers to demonstrate, prototype, and even share projects efficiently.

Commenting on the launch, the US blockchain leader at Deloitte, Linda Pawczuk, indicated that the “Blockchain in a Box” platform is a mobile and self-contained platform that has the ability to host blockchain-based solutions in the form of four compute nodes, three video displays, as well as networking components to enhance integration with external services such as cloud communication and storage.

Each compute node can be used with a secured digital card to allow the business to demonstrate and share projects quickly. This approach enables developers to have a tool for the creation and sharing of dApps with limited hardware.

Solving the Problem of Developing Proof-of-Concept

At the beginning of this year, Deloitte carried out a Global Blockchain Survey, which showed that most start-ups do struggle when it comes to where to get started in developing proofs-of-concept that leverage the exceptional features of blockchain technology.

>> Ripple Partnership: Santander Group Expands the Usage of One Pay FX

Pawczuk stated that with the platform, executives will no longer be asking questions about blockchain but rather a series of questions that reflect on the role distributed ledger technology can play in their organizations. She added that there is the misconception of blockchain being a tech solution when, in reality, it is a technology component that can enhance broader business applications as well as approaches.

Deloitte, along with other 20 firms including Fidelity and Amazon (NASDAQ:AMZN), recently started supporting Startup Studio, an accelerator program that offers workshops to blockchain startups to enhance various skills.

Featured image: DepositPhotos © nils.ackermann.gmail.com

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Ethereum Network Overcomes Malicious New Year’s Eve Attack

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Ethereum

Ethereum

The Ethereum Network was the target of a coordinated attack in recent days, affecting client platform Parity, which threatened to cause significant downtime.

Malicious Attack to Undermine Ethereum Network

The attack began on December 30 when invalid blocks were sent to the network, which caused node operators using the Parity client, which handles over $50 billion USD in assets and underpins some of the most ambitious projects on the Ethereum blockchain. The invalid blocks caused the node operators using the Parity client to lose sync with the network.

Sergio Demian Lerner, a cryptocurrency security consultant, explained the nature of the Ethereum attack on Twitter: “The attack is simple: you send to a Parity node a block with invalid transactions, but valid header (borrowed from another block) The node will mark the block header as invalid and ban this block header forever but the header is still valid.” Parity Technology was quick to react to the attack and subsequently issued a series of network upgrades to protect against it.

While the source of the attack and the attacker’s motives remain unclear, it would appear as though it was an attempt to undermine the credibility of Ethereum and its Parity client. Unlike most crypto attacks that attempt to exploit digital assets in order to profit financially, this attack was on the network itself and did not carry a profit. Notably, the attack came less than two weeks after Parity said it would no longer support the Ethereum client and was in the process of delegating maintenance to a distributed autonomous organization.

>> Bitcoin Fell in Q4: Here are Key Factors to Watch in Q1

Google Lifts Ethereum Extension Play Store Ban

In other Ethereum news, Google has lifted its Play Store ban on browser extension MetaMask, which includes a built-in crypto wallet enabling Chrome to run Ethereum-based decentralized applications, or dApps, without needing to operate a full Ethereum node. Google banned MetaMask in December after reportedly mistaking it for a mining app. The news coincides with Binance.US’s announcement that it was opening beta testing of its iOS app.

Featured Image: DepositPhotos © aa-w

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Facebook’s GlobalCoin Could be Launching as Soon as Next Year

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GlobalCoin

GlobalCoin

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries.

Here’s everything we know.

Facebook’s GlobalCoin Hitting the Market Soon?

According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant, according to the BBC report, will launch the crypto-based payments system in roughly 12 countries by Q1 2020. And while that might seem far away, BBC also said Facebook plans to commence trials by the end of 2019. That and Mark Zuckerberg’s company has also already gone to the U.S. Treasury for advice.

More details about GlobalCoin are expected to be announced in the coming months. And while the world does need these additional details — the influence Facebook has on the world is huge, so the possibility of the company moving into crypto is extremely significant — Facebook seems to already be benefiting from the BBC report. Well, maybe not benefitting, but at least FB stock didn’t plunge after the report on GlobalCoin came out.

According to Yahoo Finance, as of 3:44 PM EDT, FB stock is trading at $181.19; this puts FB stock up 0.18%.

Takeaway

As mentioned, Facebook launching its own cryptocurrency is massive. Companies like Facebook and Amazon are constantly moving into different sectors of the market successfully, and the launch of GlobalCoin in a dozen countries would be yet another example of this. 

What do you think, though? Should Facebook launch GlobalCoin? If so, which countries should gain access to the cryptocurrency?

Let us know what you think in the comments below, and don’t forget to follow along with this story in the coming months! 

Featured image: DepositPhotos 

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MPWR’s QuadrigaCX Talk: Amy Said It Best, How the Hell Did We Get Here?

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Vancouver, BC. March 13th 2019 – – Amy Castor, Forbes blockchain and crypto contributor, took the stage Monday afternoon at the MPWR Crypto Mining Summit 2019 to break down the incredibly engaging topic of QuadrigaCX.

The talk attracted a sold out room filled with crypto enthusiasts, founders and CEO’s of leading companies such as Bitfarms, Hive Blockchain, Outlier Solutions and Mining Sky, to hear the story of how a Vancouver based company experienced the deep downfall the crypto and blockchain industry can cause.

Amy’s comprehensible outline of the case was both eye …

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