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IBM Blockchain in Action: What are the Benefits?

IBM Blockchain in Action: What are the Benefits?

In first and second parts of our interview with Alan Lim, the Program Director of IBM Blockchain Lab in the Asia Pacific, we explored the idea of data standards to improve the supply chain industry, as well as the IBM Food Trust, a food provenance network that allows food products to be traced and tracked. Digging deeper into IBM Blockchain, what else has the company been working on?

British Farmer Attempted £1.4M Bitcoin Extortion from Tesco by Contaminating Baby Food

British Farmer Attempted £1.4M Bitcoin Extortion from Tesco by Contaminating Baby Food

Nigel Wright, a 45-year-old sheep farmer from Lincolnshire, England, has been accused of trying to extort Bitcoin worth £1.4 million, approximately $1.8 million, from retail giant Tesco. He made this blackmail to reveal the Tesco stores he had planted the contaminated baby food.

Bitcoin and Cryptocurrency Websites Take a Hit as Security Giant Cloudflare Suffers Major Internet Outage

Bitcoin and Cryptocurrency Websites Take a Hit as Security Giant Cloudflare Suffers Major Internet Outage

Website security company Cloudflare underwent connectivity problems on Sunday, taking down a dozen of cryptocurrency websites with it.

US FDA Calls Meeting on Blockchain, AI and the New Era of Smarter Food Safety

US FDA Calls Meeting on Blockchain, AI and the New Era of Smarter Food Safety

The FDA will hold a meeting on October 21st, with the aim of gathering input and feedback to help shape an FDA blueprint for the initiative. The FDA will propose leveraging modern technologies such as blockchain, artificial intelligence, and IoT to improve the transparency and decrease the risks of contamination in the food supply chain.

SEC Delays Decision on Overstock-Backed Security Token Exchange

SEC Delays Decision on Overstock-Backed Security Token Exchange

The SEC has extended the timeline for its to disapprove or approve operations by the BSTX, a security token exchanged affiliated with Overstock’s blockchain arm tZERO.

Preventing Future Hacks: Twitter Improves Security Ahead of US Elections

Preventing Future Hacks: Twitter Improves Security Ahead of US Elections

Social media giant, Twitter has revamped its security measures for high profile accounts ahead of the U.S. November Presidential Elections.

Crypto.com Leverages Amazon's AWS Cloud To Enhance Scalability and Security

Crypto.com Leverages Amazon's AWS Cloud To Enhance Scalability and Security

Crypto.com will now leverage Amazon Web Services, Inc (AWS) cloud provider to provide enhanced scalability and security for its 5 million users,

NiceHash Keeps Promise to Reimburse Victims of 2017 Security Breach

NiceHash Keeps Promise to Reimburse Victims of 2017 Security Breach

NiceHash is making good on its promise to repay victims of the 2017 security breach of its exchange, which saw over 4640 BTC stolen ($55,680,000 in Bitcoin at the time).

Ukrainian Security Department And Law Enforcement Uncover a Crypto Mining Farm in a Railway Subdivision in Lviv

Ukrainian Security Department And Law Enforcement Uncover a Crypto Mining Farm in a Railway Subdivision in Lviv

According to a report, Ukrzaliznytsia has uncovered a hidden cryptocurrency mining farm in the Lviv railway subdivision, which has been making use of the country’s electricity without paying for it. This secret mining company was discovered by Ukrzaliznytsia's security department, in conjunction with law enforcement officials.

US Government Considers Blockchain as a Stepping Stone to Smarter Food Security

US Government Considers Blockchain as a Stepping Stone to Smarter Food Security

The US government, through its federal agency the Food and Drug Administration (FDA) mandated with protecting the country’s food supply and public health, has earmarked blockchain as one of the technological innovations that will prompt traceability and a food safety culture.

KFC Opts for Blockchain-Based Media Buying and Digital Advertisements for its Middle East Customers

KFC Opts for Blockchain-Based Media Buying and Digital Advertisements for its Middle East Customers

KFC, a leading American fast food chain, seeks to change the face of the quick-service restaurant (QSR) sector by establishing a blockchain platform in the Middle East for more transparent and efficient media buying and digital advertisements.

Mastercard Blockchain to Trace Produce for the Largest American Food Group

Mastercard Blockchain to Trace Produce for the Largest American Food Group

Mastercard is collaborating with Envisible, a supply-chain company, to allow the traceability of the origin of food products via Mastercard's blockchain-based Provenance Solution.

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