International Monetary Fund (IMF) and the World Bank have together launched a private blockchain with a pseudo-token. The new token, called ‘Learning Coin’ accessible within the IMF and World Bank the main purpose to teach relevant individuals within the organizations about blockchain. Though the coin has no real value hence the description pseudo-token staff members ..
Blockchains: GK, General Studies and Current Affairs
The International Monetary Fund (IMF) and the World Bank (WB) have jointly launched a project called “Learning Coin”. It is a private blockchain-based coin and only accessible within IMF and the World Bank to help both multinational agencies learn about the merits of blockchain. The coin project has been launched in order to conduct research ..
HSBC Holdings Plc has executed India’s first trade financial transaction using blockchain for a deal involving an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) reduces transaction timeline from 7-10 days to less than a day. The Letter of Credit (LC) was issued by ING Bank for ..
Block chain technology has revolutionised the arena of digital currency. Hashgraph is a new entrant for strengthening the digital currency mechanisms. Hashgraph provides for a distributed ledger technology based on the feature of superior data structure. Features of the blockchain like distributed, transparent, consensus-based, transactional and flexible are all available with Hashgraph. Being a consensus ..
This technology was first used in bitcoins and other crypto-currencies. It uses single shared ledgers to store information. Advanced cryptography technology is used to make sure that information once entered in to the ledger cannot be altered except if the changes are in compliance with some of the pre-defined parameters. Additionally, this technology uses different nodes instead ..