Latest Infrastructure News

  • Chinese Province Partners With QuarkChain to Develop Environment Governance Platform on Blockchain
    Chinese Province Partners With QuarkChain to Develop Environment Governance Platform on Blockchain
    QuarkChain, a blockchain infrastructure provider has announced a cooperation with an ecological department under a Chinese province government.
  • Institutions Will Drive Mass Adoption of Blockchain in Finance, Says Expert
    Institutions Will Drive Mass Adoption of Blockchain in Finance, Says Expert
    Blockchain experts discuss how institutions will play a major role in the mass adoption of blockchain-based financial infrastructure. Benjamin Soh, founder of blockchain development firm STACS, said that institutional players, not business-to-consumer companies, will drive the mass adoption of financial infrastructure built on blockchain technology.  During the Unitize virtual conference, Soh said that if they could bring bank institutions to use the blockchain, millions of bank customers will automatically be a part of the blockchain finance infrastructure without them even knowing. Providing bank customers with a blockchain-based wallet while still using the traditional payment gateways will be the necessary first step towards bringing the efficiencies of distributed ledger technology to the financial system, Soh added. Asia is leading in blockchain finance Speaking about the development of blockchain-based finance in Singapore, Soh noted that except for Switzerland, there are hardly any other European countries that are as supportive of blockchain finance as Singapore.  According to Soh, Singapore is the closest to fully replacing the current financial infrastructure with one based on distributed ledger technology. He also highlighted that the governments of other Asian countries like Malaysia, Thailand, China, Japan, and South Korea were taking strong initiatives to bring distributed ledger technology into finance.  Reflecting on a similar point, Vinay Mohan, one of the early members of ConsenSys Singapore, said that the more SMEs and retail users gain access to democratized finance, the more mature Asia’s financial infrastructure will become.  Mohan stated that due to the complex nature of current banking infrastructure, 70% of South-East Asian SMEs struggle with proper digital financial services and the advent of blockchain and central bank digital currencies may pave the way to deliver banking services to those Asian businesses and
  • Neo Founder Says Next-Gen Internet Will Break Up Tech Giants’ Data Silos
    Neo Founder Says Next-Gen Internet Will Break Up Tech Giants’ Data Silos
    The founder of blockchain platform Neo, Hongfei Da, discussed the importance of next-generation internet at Unitize. Most of today’s internet landscape is controlled by a countable few tech oligarchs such as Facebook, Tencent and Alibaba, according to Hongfei Da, the founder of blockchain platform Neo. During the Unitize blockchain conference, Hongfei said that these companies have divided the internet into several fragments by creating their own data silos. He raised concerns about how such companies intentionally use these data silos to impede competition while also abusing user privacy for both commercial and political purposes. According to Hongfei, laying a new foundation for internet infrastructure that is more user-centric and decentralized is the best way forward for curbing these issues. Five attributes of the next-gen internet Explaining the important characteristics of the new internet infrastructure, Hongfei said that it should be modular so that “everyone can build a part of it and then every part can be integrated together to create a bigger application.” In addition, he said it should be opt-in and promote interoperability.
  • Casa Releases Results on Server Implementation Test
    Casa Releases Results on Server Implementation Test
    Casa finds ElectrumX to be the “best bang for the buck” for server implementations after test. Crypto custody firm Casa released results from its test to find a new way to connect to the Bitcoin network and found ElectrumX had the best bang for the buck. Casa founder and cypherpunk Jameson Lopp noted the custody firm recently rewrote its backend infrastructure to support Electrum based on the tests. The company chose three different server implementations for the test: ElectrumX, Electra and Esplora Electrs.
  • 2020 Top DeFi Projects to Follow
    2020 Top DeFi Projects to Follow
    Decentralized finance (DeFi) is the idea of rebuilding the infrastructure of financial services and moving it onto decentralized networks to take the industry from a centralized system full of monopolies towards a trustless and transparent world that runs with no intermediaries.
  • Chinese Supply Chain Innovator to Develop Blockchain System for SMEs
    Chinese Supply Chain Innovator to Develop Blockchain System for SMEs
    The Binance China Blockchain Institute has partnered with a state-level enterprise to jointly develop new digital infrastructure for small and medium enterprises in the country.
  • Blockchain Service Bison Trails Announces Support for Ethereum 2.0
    Blockchain Service Bison Trails Announces Support for Ethereum 2.0
    Libra Association member Bison Trails looks forward to moving from the Proof-of-Work consensus mechanism to Proof-of-Stake, launching Eth2 support. Blockchain infrastructure-as-a-service company, Bison Trails, has announced support for Ethereum 2.0 — an upgrade that will move the network from its proof-of-work consensus mechanism to proof-of-stake. Bison Trails offers a suite of enterprise products that allow users to interact with the Beacon Chain, stake Ether (ETH), and automatically manage validators, validator clients, and beacon nodes. Importance of adopting Eth2 Joe Lallouz, CEO of Bison Trails told Cointelegraph about the importance of adopting Eth2 within the crypto industry and which benefits could bring like new scalability options for the protocol: “The transition to Eth2 is incredibly important for the crypto ecosystem because it allows one of the most important and most adopted blockchains—with millions of users and tens of thousands of dApps—to introduce new scalability options for the protocol and that’s a big deal.” Lallouz mentions that a fully-featured Participation Cluster product is included, which allows their customers to manage their Beacon Chain and validators from within the Bison Trails platform. Bison Trails’ CEO said the network will reward validators early, with a reward rate of 23% on ETH, representing “a significantly higher potential return than most alternative uses of ETH.” He added: “Because stake and rewards are locked up for several years on Eth2, choosing an infrastructure provider you trust is an important consideration.
  • Blockchain infrastructure firm Bison Trails gears up for Ethereum 2.0
    Blockchain infrastructure firm Bison Trails gears up for Ethereum 2.0
    Blockchain "infrastructure-as-a-service" provider Bison Trails is ready to help you stake ETH on Ethereum 2.0.
  • Australian Securities Exchange Switch to Blockchain Delayed to 2022
    Australian Securities Exchange Switch to Blockchain Delayed to 2022
    After stakeholders raised concerns about the Australian Securities Exchange’s blockchain infrastructure plan, it has been postponed until 2022. The Australian Securities Exchange (ASX) has further delayed its switch to blockchain after public lobbying from key stakeholders. According to a June 30 update from the ASX, the exchange has officially delayed the rollout of Distributed Ledger infrastructure to replace its current system for processing equity transactions.
  • Digital Dollar Take Center Stage in Hearing Before US Senate
    Digital Dollar Take Center Stage in Hearing Before US Senate
    Issues like financial inclusion and competition with China propelled a hearing on digital dollars before the US Senate today. In a hearing before the Senate Banking Committee today, June 30, central bank digital currencies (CBDCs) took center stage before an audience of Senators looking to upgrade financial infrastructure and expand financial inclusion in the country. The witnesses and the concerns The banking committee welcomed Paxos CEO Charles Cascarilla, financial inclusion professor and researcher at Duke Nakita Cuttino, and former CFTC Chair and current champion of the Digital Dollar Project Chris Giancarlo as witnesses. Cascarilla provided expertise on how existing stablecoins operate and the gaps in current finance that they fill.
  • Winklevoss-backed SKALE rolls out mainnet launch on Ethereum
    Winklevoss-backed SKALE rolls out mainnet launch on Ethereum
    SKALE is rolling out the first phase of its mainnet launch, bringing dedicated Ethereum-compatible blockchain infrastructure to your favorite dapps.
  • Beyond Bitcoin: How Advances in Blockchain Can Improve Our Financial Ecosystem
    Beyond Bitcoin: How Advances in Blockchain Can Improve Our Financial Ecosystem
    Speed, reliability and availability are the cornerstones of modern finance, and DeFi has the potential to enhance and even supplant traditional finance. When blockchain technology began to expand beyond Bitcoin (BTC) and into more general-purpose applications, many within the industry saw an opportunity to remake key financial infrastructure using this technology.
  • Ethereum DeFi apps struggle to keep up with surging demand
    Ethereum DeFi apps struggle to keep up with surging demand
    Rapidly rising DeFi activity caused an outage at blockchain data infrastructure The Graph lasting nearly 12 hours.
  • New York Regulator Proposes Cryptocurrency Overhaul to Boost Adoption of Digital Assets
    New York Regulator Proposes Cryptocurrency Overhaul to Boost Adoption of Digital Assets
    The New York Department of Financial Services (NYDFS), which regulates the state’s financial infrastructure, is proposing a plan that would ease the city’s notoriously tight restrictions on cryptocurrency-related businesses.
  • Swiss Tech Firm Metaco Taps Blockchain Think Tank to Bolster Services
    Swiss Tech Firm Metaco Taps Blockchain Think Tank to Bolster Services
    Digital asset infrastructure provider METACO is partnering with the Frankfurt School Blockchain Center to bolster its service offerings using the think tank's research.