Blockchain 

Korea’s Oldest Bank Is Building a Blockchain-Based Security System

South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution. Korea’s Shinhan bank to enhance security with blockchain According to a report published on Aug. 14 by local news outlet TheKoreaTimes, Shinhan Bank signed a memorandum of understanding with financial technology startup Ground X and blockchain developer Hexlant to develop a blockchain security system.  Per the report, the deal will see the institution’s partners jointly develop a Private Key Management System for its banking services. Ground X is the blockchain unit of South…

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Ethereum 

Mercedes Parent Firm is Building a Crypto Hardware Wallet for Cars

Daimler, the German multinational corporation behind the Mercedes-Benz brand, partnered with European blockchain interface solutions startup Riddle & Code to provide an open car hardware wallet solution, the startup announced in a press release published on July 22. Per the release, car wallets have a wide variety of use cases, such as car-sharing, autonomous vehicles, real-time exchange of secure traffic data and with smart city environments to reduce congestion and lower insurance premiums. The startup’s CEO Tom Fürstner declared: “Autonomous cars must behave consistently to be trusted. Cars are already…

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Ethereum 

Huobi Unveils ‘Finance Chain’ For Building Enterprise Blockchains

Huobi Group is jointly developing a new public blockchain for decentralized financial (DeFi) services, according to a press release on July 1. Major global digital asset financial service provider Huobi has partnered with Chinese blockchain startup Nervos enabling companies to deploy their own blockchains, tokenized assets, as well as DeFi services, according to the announcement. The joint initiative, provisionally called “Huobi Finance Chain,” is targeting enterprises, financial institutions, as well as exchanges, and is set to operate as a regulatory-compliant financial blockchain network. Specifically, Huobi is planning to enable regulators…

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Ethereum 

Parity Launches Beta Version of Tool Stack for Building Blockchains

United Kingdom-based blockchain infrastructure provider Parity has launched a beta version of Substrate, its tool for creating customized blockchains, according to a press release published Tuesday, Dec. 18. The release states that Substrate is designed to provide “maximum technical freedom” while creating blockchains. It supports multiple programming languages, users can make their own consensus mechanisms, and it is compatible with most existing consensus algorithms. Parity is also going to add more consensus mechanisms in subsequent releases, making them hot-swappable and allowing users to switch between different mechanisms without a hard…

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Blockchain 

Startup’s Big Idea in Building AI That’s as Good as Human

Artificial intelligence has come a long way in recent years, but there is still one milestone which is yet to be achieved: passing the Turing test. The premise is simple: an interrogator asks questions to a machine and to a human while sitting in a separate location, and receive the answers written down. If they can’t tell the difference between man and machine after a period of time, the AI has passed. For the past 12 years, a $100,000 prize has been offered to the developers of the first program…

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