Cryptocurrencies Will Not Replace or Disrupt Fiat Systems

The People’s Bank of China (PBoC) has shown extreme confidence in the superiority of fiat systems over cryptocurrencies. China’s central bank refused to acknowledge blockchain and its derivatives as catalysts for financial innovation. Stating that no technology was able to disrupt the monetary system, the bureau believed that blockchain would not make any substantial difference in the ways conventional financial protocols govern. It further added that blockchain assets like Bitcoin would remain inflexible and without intrinsic value-credit collateral. The comments came as a part of a 20,000-word research paper published…

IBM Looks to Disrupt Scientific Research on the Blockchain

Twitter Facebook LinkedIn The use cases for distributed ledger technology are on the rise, as evidenced by IBM’s most recent patent application for open scientific research on the blockchain. The tech giant envisions a system in which a blockchain represents an experiment with individual blocks comprised of project components including research data, data analysis and results as well as post-data analysis and more all with block-linking capabilities to reflect the status of modifications. The patent, which was filed with the U.S. Patent and Trademark Office at year-end 2017, comes on the…