Blockchain technology

Blockchain Related Jobs Witness a High-demand in India

10Apr By Lavina TolaniNo Comments

News

Blockchain Related Jobs Witness a High-demand in India

A recent report released by Job search portal Indeed revealed that blockchain sector in India has a significant demand for professionals with opportunities concentrated in prominent metropolitan cities of the country. While Bengaluru has topped the list in terms of city listing maximum job postings accounting for 36 percent all the blockchain job opportunities in India, other cities like Mumbai, Chennai, Pune, Hyderabad have also secured a place. The current statistics expect that global market for blockchain related products will reach $7.7 Bn in 2022, thus adding in more jobs in the sector in future. Speaking on the subject, Sashi Kumar, MD at Indeed India said, There is a lot more we need to learn about blockchain technology, given the enormous scope of its application, it is he...

Twitter Joins Facebook and Google in Banning ICOs

21Mar By Sheldan RungasamyNo Comments

News

Twitter Joins Facebook and Google in Banning ICOs

Reports emerged that twitter will put a ban on ads promoting blockchain tokens and initial coin offerings (ICOs). The news is not yet confirmed but speculations reported that a source close to twitter shared the information anonymously. According to the report, the source did not give additional details as to when the ban will be implemented. However, this rumor refuels earlier speculations stating that the crypto-ad ban will begin in the coming two weeks. Twitter did not yet release a confirmation statement concerning the speculated blockchain ad ban despite pressure from different news publications. However, rumors were circulating since February 9th and reported back then that the company was still deciding which position it would take against cryptocurrency ads back then. Neverthele...

Chinese Government Begins Blockchain Tech Development

17Mar By Sheldan RungasamyNo Comments

CHINA

Chinese Government Begins Blockchain Tech Development

The government of China is establishing an investment association to adopt blockchain technology development in the country. The project, entitled Global Blockchain Investment and Development Centre (GBIDC), is reportedly an initiative of the Investment Association of China (IAC) which is a social organization set up to simplify important domestic investment projects and contributed to the arrival of foreign capital, according to news outlet The Paper. The news first sparked speculations after a document leaked on the internet appears to be issued by the IAC regarding the new entity. After confirming the legitimacy of the document to The Paper, Liu Ren, Vice Chairman of the IAC, clarified that the initiative came after the association found out about the growing fame of blockchain...

How Vizag City Will Become Capital of Blockchain

7Mar By Sheldan RungasamyNo Comments

Tech

How Vizag City Will Become Capital of Blockchain

Recently India’s Prime Minister Narendra Modi was surprisingly full of praise towards blockchain’s development potential and was critical about the need for “rapid adaptation” to this technology. While Governments are usually skeptical about Cryptocurrency, the transparency that blockchain technology offers will surely be beneficial in India which is a victim of 69% bribery rate and was ranked most corrupted nation in Asia in 2017. Loan frauds systematically reach $2 billion every year, resulting in usual increase in interest rates on business loans by up to 20%. According to investopedia, "A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in c...