Fujitsu Promises to Deliver Viable Blockchain Project Within 5 days

IT giant Fujitsu is launching a new consultancy service that will double as a blockchain product package, delivering a viable blockchain project to customers within five days. Prices for the service start at EUR 9,900, and include everything from blockchain lessons to building a prototype within the time frame, according to The Register.



When they receive their prototype, clients can decide whether they want to pay more Fujitsu to develop the service further, or if they want to keep it as is. Chris Pilling, lead architect at Fujitsu’s Blockchain Innovation Centre, says, “It would be great to say, yes, we’ve met the proof of business and they want to get the global blockchain team involved… [but] we allow the customer to go away and play with the prototype.”

“Proof of business” is set to be almost the opposite of proof of concept. Clients can run through a business process that focuses on creating business value and avoids common problems with blockchain projects, according to Frederik de Breuck, head of the Blockchain Innovation Centre. Customers will, however, be asked to sign up to a license that dictates what they can and can’t do with the prototype, which means it will likely be kept in the house.

According to Banking Tech, the company already holds close to 50 different patents on blockchain technology. Fujitsu is also currently helping to commercialize the Hyperledger’s (an umbrella project of open source blockchains and related tools) Fabric product, the development of which should be completed later this year. This means that Fujitsu’s influence on the blockchain space should not be underestimated. Who knows, you may be able to buy your blockchain prototype like you’d buy a fridge or hairdryer. Almost.


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Author: Sead Fadilpasic
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Cloud Provider Xunlei Launches Blockchain File System

Chinese technology company Xunlei Limited, known to some as the BitTorrent of China, announced Friday that it has launched a new distributed file system aimed at supporting blockchain platforms.



The ThunderChain File System (TCFS), as well as three ThunderChain Request for Comments (TRC) standards, will help support blockchain development, the company said in statements. The new file system, in particular, aims to combine features of existing platforms like IPFS and filecoin, while adding new security and flexibility tools.
The news came out during a ceremony hosted in Shenzhen, China, right before the company unveiled the winners of an international blockchain application competition it also sponsored.

Xunlei first announced it was launching ThunderChain in April, when the company claimed its new blockchain would be able to provide “processing capacity in the millions of transactions per second,”

The new TCFS, according to Friday’s release, is built specifically for blockchain platforms like ThunderChain. The TRC standards are aimed to help build up the ecosystem by allowing third parties to build upon the company’s blockchain.
Xunlei CEO Lei Chen said in a statement that the company “is committed to amplifying the power of individuals through technological innovation.”

He added:
“That is why we introduced ThunderChain File System and other new initiatives as we continue to help developers unleash the real value of blockchain. We are also delighted to see a large number of practical blockchain projects developed during the challenge and would like to thank everyone for their great contribution.”

Notably, the company entered the blockchain industry last October, but also has since been subject to two ongoing class action lawsuits over an alleged initial coin offering (ICO) from its investors.


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Author: Muyao Shen
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The Russian Military Is Building a Blockchain Research Lab

The Russian Ministry of Defense is launching a research lab to analyze how blockchain technology can be used to mitigate cybersecurity attacks, a local newspaper reported Friday.



The nation’s military technology accelerator, referred to as the ERA, is launching a special scientific lab to determine whether blockchain technology can be used to identify cyber attacks and protect critical infrastructure, according to Russian daily Izvestia.

The newspaper reported that research has already begun to explore possible applications for blockchain technology, though the lab itself is still being developed.

One of the priorities at ERA is the development of an intelligent system to detect and prevent cyber attacks on important databases, according to the paper. To that end, the organization has formed a team of information security specialists.



Alexei Malanov, an antivirus expert at Kaspersky Lab, a cybersecurity firm based in Moscow, told the newspaper that blockchain-based platforms can make it more difficult to hide traces of cyber attacks.

He explained that online intruders often clean up access logs on devices to hide traces of unauthorized access to the device. But, by using a distributed ledger, the risk of this happening is minimized.

German Klimenko, a former technology advisor to Russian President Vladimir Putin similarly said that work on blockchain studies has been “useful” for the cybersecurity industry in the nation.

The lab, which is being built in the Russian coastal town of Anapa, will ultimately fall under the General Staff of the Armed Forces of the Russian Federation’s Eighth Directorate, which likewise focuses on information security.



Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Muyao Shen
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Fujitsu and Japanese Police Team up for Crypto and Blockchain Training

Japanese tech giant Fujitsu has been helping train regional police forces in the Chiba Prefecture in blockchain and cryptocurrency-related matters.

Per Nikkei, Fujitsu held a series of joint, “knowledge-sharing” workshops, co-hosted with cyber police officials, briefing some 50 police officers and Fujitsu employees about the latest developments in cryptocurrency-related crime, blockchain security measures and means of investigating potential fraud cases related to cryptocurrencies.

Nikkei quotes a Chiba-based Fujitsu spokesperson as saying, “We want to lead crime deterrence and blockchain technology development.”

The same media outlet also quotes a senior police officer in Chiba’s cybercrime division as saying, “We must develop a robust system that can help us cope with cryptocurrency-related crime. We will continue to deepen our collaboration with companies like Fujitsu to prevent the abuse of cryptocurrencies.”

Fujitsu signed a “cybersecurity partnership” agreement with the Chiba police in July last year, and the company is actively pursuing a range of blockchain-related developments both in Japan and abroad.

Chiba police, meanwhile, have been cracking down on web developers running cryptocurrency mining apps – such as Coinhive software – on their websites. Local Japanese police forces have termed extensions of this sort “viruses,” and have hit developers with hundreds of dollars’ worth of fines.



Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Tim Alper
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Hot Five Blockchain Companies To Keep an Eye Out On In 2018

Blockchain is, just like the Internet did back in the nineties, promising to revolutionize our entire lives, both professional and personal. And just as the Internet spawned thousands of new companies back in its early days, the similar thing is happening now with blockchain.


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However, many of the early Internet companies were quick to shut down, and it’s safe to assume the same thing will happen with these newly created blockchain companies. With that in mind, it will be interesting to track the progress of some of the more promising ones in the blockchain universe, and see how fast, and how far, they can go.
The Wall Street Journal compiled a list of 25 emerging leaders in the technology industry and unsurprisingly, listed five blockchain companies as well. These are, according to its report, showing signs of becoming emerging leaders. Let’s take a look at who these companies are, what they’re offering, who their founders are, who their investors are and how much funds they’ve raised so far.

#1: Blockstream Corp.
The majority of Blockstream’s work revolves around providing ways to handle micropayments through Bitcoin, as well as developing sidechains, a designation for a blockchain ledger that runs in parallel to a primary blockchain.
Aside from that, it builds a cryptocurrency data feed for traders, jointly with Intercontinental Exchange.
The company was founded in 2014 by Dr. Adam Back, Matt Corallo, Alexander Fowler, Mark Friedenbach, Francesca Hall, Austin Hill, Greg Maxwell, Erik Svenson, Jorge Timon, Jonathan Wilkins, Dr. Pieter Wuille. It is based in Montreal, Canada, and has funding of USD 77.5 million, according to the WSJ. It currently employs 50 people, and its investors include the likes of AME Cloud Ventures, AXA Strategic Ventures, Blockchain Capital LLC, FuturePerfect Ventures, and others.

#2: R3
Managing secure transactions directly between parties is a huge opportunity for financial institutions, and R3 is looking to capitalize on that opportunity by developing a blockchain-based platform to solve the problem.
The consortium’s joint efforts have created an open-source distributed ledger platform called Corda itself is not a blockchain, but an open-source distributed ledger platform.
It was founded in 2015 by Jesse Edwards, Todd McDonald and David E. Rutter, and is headquartered in New York. According to the WSJ, it has USD 107 million in funding, and employs 180 people. The company has a huge pool of investors, including B3, Banco Bradesco SA, Bangkok Bank, Bank of America Merrill Lynch, Bank of Montreal, Bank of New York Mellon Corp., and others.


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#3: Digital Asset Holdings LLC
Digital Asset Holdings uses the blockchain to create a solution for secure transactions for regulated financial institutions. It is targeting financial market infrastructure providers, central counterparty clearing houses, central securities depositories, exchanges, banks and custodians.
The company is working on financial infrastructure, like trade clearing and settlement for Australia’s main stock exchange. The company’s founders are Sunil Hirani and Don R. Wilson. The duo founded the company in 2014 and headquartered it in New York. It currently counts 150 employees and has raised USD 100 million in funding, the WSJ writes.
Among its investors are names such as ABN AMRO Bank NV, Accenture LLP, ASX Ltd., BNP Paribas SA, and others.


#4: Brave Software Inc.
Brave is looking to build a web browser that is not only more secure and more private, but also earns its users money. It comes with a blockchain-based ad platform which allows the revenue to be split with publishers.
Founded in 2015 in San Francisco, Brave employs 60 people and has USD 43 million in the bank, according to the WSJ. It is the brainchild of Brian Bondy and Brendan Eich. Among its investors are Digital Currency Group Inc., Foundation Capital, Founders Fund LLC, Pantera Capital Management, Propel Venture Partners.

#5: Abra
According to the description on its website, Abra is a global cryptocurrency app which allows its users to buy, store and invest in 25 cryptocurrencies in one place. Users may fund their wallet with either fiat or bitcoin, and then trade in different cryptocurrencies, including ethereum, ripple, bitcoin cash, litecoin, and dash.
The company’s formal name is Plutus Financial, and it’s located in Mountain View, California. Plutus Financial was founded in 2014 by Bill Barhydt and James D. Robinson. It has USD 37 million in funding, and 50 employees, the WSJ writes.
Its investors include American Express Co., Digital Currency Group, Pantera Capital Management, and others.



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Adoption Ideas: Bitcoin Shopping Mall and Russian Crypto Village

No matter what experts might say on crypto adoption, real world examples have looked favorably upon the emerging technology. For example, one of the smallest countries in the EU, Slovenia, has announced that its largest shopping center, already named BTC City, will transform into a complete Bitcoin city. Meanwhile, farmers and small businesses in a Russian village have ditched the ruble in favor of cryptocurrency for local trade.


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Slovenia, the country of origin for one of the oldest crypto exchanges Bitstamp, has announced that every store in BTC City shopping mall will accept cryptocurrency and operate via blockchain technology, Bitcoin Magazine reported. The mall contains over 500 retail stores. It presently holds several travel and tourism ventures, a luxury hotel and casino, a multiplex cinema, a waterpark and the Crystal Palace office park.

Representatives of BTC City said, “The development of BTC City into a Bitcoin city is an important step toward the realization of BTC’s openness-oriented strategy, providing its customers and business partners with both freedom and choices regarding their purchases with new forms of payment.”

Meanwhile, farmers and small businesses in the Russian village Kolionovo, 80 miles from Moscow, chose to pay with a cryptocurrency called Kolion instead of the ruble because banks charged huge interest rates when lending, CNN reported.

“Mikhail Shlyapnikov”. Source: a video screenshot.

A banker turned farmer Mikhail Shlyapnikov created the currency by issuing paper kolions in 2014 which was banned by Russian court in 2015, which made him go for a crypto version, raising USD 500,000 in an initial coin offering. Kolions can’t be mined, but are instead either bought or “plowed” – helping the villagers with farming and construction.

Shlyapnikov told CNN, “We now have about USD 2 million in kolions because its value has jumped since the ICO,” and adds that the coin is backed by a reserve of 500 Bitcoin. In his opinion, this cryptocurrency is a way for them to insulate themselves from Russia’s financial system.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Sead Fadilpasic
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