IBM announced a partnership with Veridium Labs to tokenize carbon credits that will allow companies to track their carbon footprint with blockchain today, May 15, in press release shared with Cointelegraph. CEO and Veridium cofounder Todd Lemons said that the use of blockchain to measure carbon emissions through the supply chain will address the issues of global warming: “Veridium's collaboration with IBM not only transforms the carbon markets, but also creates an economically sustainable funding source for conservation through a results-based payments model - a good first step towards the new 'regenerative economy.’” The Veridium-issued digital tokens, which will be …

Tech giant IBM has filed a patent for an Internet of Things (IOT)-focused Blockchain configuration which would tailor the proof-of-work (PoW) protocol in order to address potential security issues in IoT networks, in an application published April 26. The patent proposes: “A method, comprising: determining a proof-of-work via an [IOT compatible] device; using a predefined set of nonce values when determining the proof-of-work; storing the proof-of-work on a blockchain; and broadcasting the proof-of-work as a broadcast message.” Nonces are used in PoW systems to vary the input to a cryptographic hash function so as to obtain a hash that fulfills …

American multinational tech company IBM has announced the launch of their new IBM Blockchain Starter Plan (in Beta) as a way facilitate more Blockchain use in businesses of any scale, according to an IBM blog post from March 16 and the 72 hour live stream from conference Think 2018 today, March 21. The IBM Blockchain Starter Plan will be free for the duration of its Beta version, but then will have a 30 day free trial once the plan becomes fully implemented. As CNBC reported today, the starter plan is a “cheaper alternative to Big Blue's current enterprise plan for …

The application of US retail giant Walmart to patent its “Smart Package” system has been released by the US Patent and Trademark Office (USPTO) on Thursday, March 1, Fintech Finance reports. Walmart’s “Smart Package” patent employs a Blockchain-based tool to track package contents, environmental conditions, location, and other details. The device described in the application is intended to be used in new technologies like autonomous vehicles and unmanned drones. According to the application, Blockchain will record the "key addresses along the chain” such as “seller private key address, a courier private key address, and a buyer private key address." In …

Sergio Ermotti, the CEO of Swiss banking giant UBS, told CNBC that he believes Blockchain technology will “likely reshape” the way that banks do business. UBS is already heavily invested in the new technology, partnering in the Batavia project with IBM, Bank of Montreal, and others. The statement does not come as a surprise, as companies and institutions have been rushing into the Blockchain space in order to increase efficiency and decrease costs. According to Ermotti: "Our strategy there is very simple. We try to initiate and get as many other financial institutions and clients into teams like trade finance …

Several major companies are adopting Blockchain technology to effectively monitor the movements of their products up to the point of sale. Walmart, IBM and Nestle which have recently collaborated on a project that aims to use the technology to make the current food system safer. Blockchain food safety trial run Walmart and IBM have already conducted early trials of the project in China and the US. In the pilot run, Blockchain was used to digitally monitor food products from pork and mango suppliers up to the stores’ shelves. Among the product data that were used in the tracking are batch …

Less and less time remains until April 6th - the day when Alte Kongresshalle, Munich, will open its doors for one of the most promising industry events of this year, BlockShow Europe 2017. It was November when we wrote about this conference for the first time. Now, we are sharing the latest progress from its organizers. Rainmaking Innovation: partnership and beyond One of the most important BlockShow updates was a new partner joining the conference - Rainmaking Innovation, a global Innovation Consulting & Startup Acceleration platform. Most notably, the partnership has gone even further in that particular case - Elizabeth …

IBM has recently announced that it has opened up its 5-qubit quantum computer to the general public. Has quantum computing finally arrived and what impact will it have on Bitcoin? Quantum computers Quantum computers represent a new paradigm in computing. While traditional digital computers store data in binary bits (zero or one), quantum computers store data in the form of qubits (where 2 data states can be superimposed.). This enables large scale quantum computers to solve certain mathematical problems in a much more efficient way compared to traditional computers. Asymmetric cryptography - the key to Bitcoin The Bitcoin protocol uses …

Unredacted Adult FriendFinder hacked Data is on offer for 70 Bitcoin, a 1959 IBM Model 1401 mainframe can mine bitcoin, and more top stories for May 26. Adult FriendFinder hacked, sensitive data on offer for 70 BTC A hacker going by the username of ROR[RG] has revealed to be in possession of confidential data from Adult FriendFinder, a dating site that helps users find partners who meet their sexual fetishes. The data is up for sale at the price of 70 bitcoins. Given that the information on the site is extremely personal in nature, many of its users have reasons …

Bitcoin core developer Jeff Garzik has signed a deal to have his full-node satellites built, ready to be launched into orbit. IBM is rumored to be working on its own version of Bitcoin designed to introduce instant euro and dollar payments. Large sybil attack discovered as huge node network found to be working to undermine blockchain anonymity, and much more that happened on March 13. Garzik signs deal to deploy his BitSats to space Bitcoin core developer Jeff Garzik has brought his plans to deploy blockchain full nodes into space on mini satellites a step closer to reality. Garzik's Dunvegan …

The man leading a blockchain-based Internet of Things project at IBM is now leaving his position at the company, according to Gigaom. But don't panic, the compelling project will live on without him. To back up a bit, the Internet of Things is connecting everyday items to the Internet, from cars to toasters. Smartphones are not the end-all for the Internet, as the argument goes. Paul Brody, VP and North American Leader of the Internet of Things for IBM, originally proposed building an Internet of Things platform proof-of-concept called Adept. The blockchain's role in the platform is to track the …

Forget Apple Pay and its mobile brethren; IBM and Samsung are busy realizing the first application of block chain technology by major corporations – and fast. The partnership will see the technology giants consult on Adept, a protocol which will be used to overcome various problems associated with the increasingly frequently mentioned Internet of Things. In charge is IBM’s head of mobile and internet, Paul Brody. In an interview with Gigaom last week, Brody considered the current impracticalities of the IoT concept and how it was necessary to streamline at the fundamental level. “For him the internet of things as …