Kirobo, a two-year-old Israeli blockchain startup, announced on Tuesday that it has found a way to tackle problems related to human error in cryptocurrency transactions. In a recent survey by the Fio Foundation, 55% of respondents reported experiencing stressful human errors when sending cryptocurrency, and 18% reported loss of funds due to such errors. As such, Kirobo has invented “Retrievable Transfer,” a way for senders to cancel a transaction that is sent to the wrong address. Kirobo provides a unique code to the sender and the receiver has to enter the matching password in order to receive the transfer.
Tag: Blockchain
From Chatbots to Blockchain, Technology Is Changing The Face Of Personal Finance
Personal finance is being transformed by cutting-edge technologies that make possible outstanding customer experiences, personalisation, and integrity of financial data. Increasingly, consumers expect financial services firms to have easy-to-use technologies that make interaction effortless, fruitful, and secure. Consumers also expect financial services firms to cater to them like never before. They hope financial services firms…
Vanguard Advances Blockchain Technology Pilot With Technology Partner Symbiont
US-based investment management firm Vanguard announced on Thursday another step towards applying blockchain technology to digitize asset-backed securities markets. Through a partnership with technology provider Symbiont and in close collaboration with a large US ABS issuer, as well as BNY Mellon, Citi, and State Street, Vanguard managed to model the full lifecycle of an ABS…
13 Evolving And Emerging Uses For Blockchain Technology
Many consumers may have heard of blockchain technology, especially in relation to cryptocurrency. However, they may not be aware of its full potential and impact across industries. Blockchain has the potential to simplify and add greater security to data management, and since its inception, this technology has quietly been changing business processes. To get further…
New York Times Trials Blockchain System to Combat Misleading Pictures
The New York Times has worked on a blockchain solution to combat misinformation, providing metadata on pictures found in social media.
How Can Blockchain Change The Space Industry?
Cryptocurrency, blockchain and decentralized data are all buzzwords we’ve seen floating around in recent years, but the technology is so new that it’s hard to see direct applications to our lives, even in space exploration. But blockchain and space have more ties than you might expect. What these concepts all describe is a different way…
EY Japan To Use Blockchain To Fight Counterfiting of Japanese Sake and Fruits
EY Japan, the Japanese branch of global accountancy firm Ernst & Young, has announced plans to launch a blockchain system for tracking Japanese sake and fruit and preventing the sale of fraudulent or counterfeit products. According to Asian Nikkei Review, EY Japan’s SAKE Blockchain will be rolled out across Asia once the threat of the…
Reddit To Launch Its Blockchain Based Points System On Ethereum
Through a video posted on Reddit, it is now clear that Reddit’s blockchain based points system will be launched on Ethereum’s blockchain. It is a huge boost to the Ethereum community at a time when it’s looking forward to implementing Eth 2.0. In the video, the Redditor recorded the phone screen detailing more of the…
Wave Financial Launches Wave Kentucky Whiskey 2020 Digital Fund
Digital asset manager Wave Financial is tokenizing a whole year’s production of Kentucky bourbon so global investors can gain exposure to the growing U.S. whiskey market. Wave announced Wednesday it had finalized an agreement with the Danville, Kentucky-based Wilderness Trail Distillery to tokenize between 10,000 and 20,000 barrels of bourbon whiskey, worth up to $20…
Tapping Blockchain Tools in Fight Against Coronavirus
A series of ongoing efforts across universities, medical academia, the private sector and even private citizens are harnessing distributed systems in the fight against COVID-19. The projects are attempting to buttress governmental stay-at-home orders that have frozen billions of people in a global effort to flatten the curve. There’s no known cure for COVID-19 and…
The Future of Sports Conference Highlights The Use of Blockchain in Sports
Blockchain technology has continued to make inroads into the sports industry, transforming the ever-growing industry greatly. This transformation will be at the heart of the agenda during the Future of Sports conference to be held on February 14. The event will be held in Moscow and will feature speakers from the blockchain sector as well…
FC Barcelona to Issue Tokens for Blockchain Fan Platform
FC Barcelona fans are about to get on the blockchain. Barca, as one of the world’s most popular football clubs is known, will issue tokens for use on a fan-engagement platform. The tokens, expected in the second quarter, will let holders vote on a variety of decisions about the team such as what music to…
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