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Malaysian Ministry of Education uses Blockchain Tech to Fight Fake Degrees

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Image Credit: irishtechnews.ie
The Malaysian Ministry of Education has introduced E-Skrol, an application built on the NEM blockchain to deal with the issue of certificate fraud through the use of blockchain technology. In a Sept. 19 article by local news agency Bernama, the Ministry of Education in Malaysia announced that the previously introduced E-Skrol blockchain application, which makes it possible to verify the authenticity of Maylaysian educational degrees, will now be available for all public and private universities in the country. The E-Skrol application aims to tackle the increasing cases of fake educational degrees in Malaysia, which can be obtained online from so-called diploma mills. Education Minister Dr. Maszlee Malik stated that the issue of degree forgeries has had a negative impact on the Malaysian higher education system, adding: “There are people who latch on to the reputation of Malaysian public universities to improve their profiles by displaying fake certificates. I…

Blockchain-Based DNA

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Photo Credit Cointelegraph.com
Tech Startup Nebula Genomics Launches Blockchain-Based DNA Sequencing

Tech startup Nebula Genomics is launching DNA sequencing using blockchain, which eliminates the need for customers to reveal personal information. Per a blog post published on Sept. 19, Nebula has rolled out anonymous genetic testing, enabling clients to purchase whole-genome sequencing and provide their saliva samples without the need to share their personal data such as name, address or credit card number. Eliminating the dependence on data de-identificationTo achieve this, Nebula developed and implemented a blockchain-based product that enables transparent and controllable data sharing, and offers an option to conduct pseudo-anonymous payments using cryptocurrencies. For those customers who do not use digital currency, the company recommends using a prepaid credit card to protect their privacy. “Most importantly, enabling individuals to remain anonymous would eliminate the dependence on …

Blockchain will soon revolutionize our opaque and inefficient capital markets

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Opinion: Blockchain will soon revolutionize our opaque and inefficient capital marketsBlockchain will speed up trading, eliminate outdated processes and give individuals access to more investment optionsBy BrookeNavarroOver the past several years, much has been said about blockchain’s potential to fix a myriad of issues from money transfers, to digital voting, to supply chain management, to land title transfers. However, one of the most compelling use cases for this technology is how it will change capital markets.Throughout my career, I’ve witnessed time and again how outdated processes can bring trading to a grinding halt or how complicated it can be for start-ups to raise money.I received a call from my team around lunchtime one Friday during the summer of 2018. The operations person at the large bank holding the shares for our client had left early for the weekend. Before he left, he forgot to release the shares for settlement of the equity offering we had placed earlier in the we…

Hedera Hashgraph, Touted as High-Speed Blockchain Alternative, Now Live

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By Nathan DiCamillo Sep 17, 2019 at 00:00 UTC Updated Sep 17, 2019 at 12:45 UTC Hedera Hashgraph has launched its long-awaited public network, backed by some of the world’s largest corporations and promising faster transactions and greater capacity to scale than any blockchain to date.Since December 2018, the network had been available in a testing environment to a small group of corporations and developers. As of 00:00 UTC Tuesday, anyone can open an account or build a decentralized app (dapp) on the hashgraph, which is similar to a blockchain but uses a different mechanism to achieve consensus about the state of the ledger.With the public network now live, the Hedera treasury is set to begin distributing the system’s HBAR tokens around 01:00 UTC. The first tokens – more than 379 million – will go to investors who participated in a $124 million crowd sale that took place in three rounds from March 2018 to August 2018.Another 1.95 million tokens will go to…

Blockchain Flash News / News Feed

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Deutsche Bank Joins JPMorgan’s Blockchain Network

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Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network (IIN).

Two years in operation
Launched as a pilot in 2017, the JPMorgan-led blockchain initiative now has a network of 320 banks that have entered the platform to swap global payments data using the Ethereum network, the Financial Times reported on Sept. 15.

Takis Georgakopoulos, head of payments at JPMorgan, expressed hope that Deutsche Bank will be the first of several other large banks to join IIN. According to the report, Deutsche Bank is the world’s biggest clearer of euro-denominated payments.

IIN will enable Deutsche Bank to offer better client services, according to the bank’s global head of cash management Ole Matthiessen. Matthiessen, who occupied the position in March 2019, explained that the bank expects IIN to reduce the cost of processing difficult payments.

400-member target by year’s end
The IIN network is based on the JPMorgan-developed Quorum platform an…

Can you look up a Transaction on the Blockchain?

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What really happens when you make a transcation on a Blockchain? How does blockchain technology maintain the validity of every single transaction?

What makes Blockchain a “trustless” network and how can someone track their own transaction?
Different cryptocurrencies have their own blockchain, which can be accessed from a website. For Bitcoin, you can track all transactions at https://blockchain.info/.
How Blockchain Works When a block stores new data it is added to the blockchain. Blockchain, as its name suggests, consists of multiple blocks strung together. In order for a block to be added to the blockchain, however, four things must happen:
A transaction must occur. Let’s continue with the example of your impulsive Amazon purchase. After hastily clicking through multiple checkout prompt, you go against your better judgment and make a purchase. That transaction must be verified. After making that purchase, your transaction must be verified. With other public records of information, like the…