Coca-Cola, the US State Department, and 2 other companies are working on a project to used blockchain to fight forced labour worldwide. What Is Blockchain? Blockchain is an incorruptible peer-to-peer network (a kind of ledger) that allows multiple parties to transfer value in a secure and transparent way. Blockchain’s Co-Founder Nic Carey describes Blockchain as…

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Blockchain Used To Reduce Child Labour Blockchain, the same technology that powers the Bitcoin cryptocurrency, is being tested in a pilot project between car-maker BMW and start-up Circulor with a view to eliminating battery minerals produced using child labour. What Is Blockchain? Blockchain is an incorruptible peer-to-peer network (a kind of ledger) that allows multiple…

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Shortly after Lloyds Bank announced that it would be banning customers from buying crypto-currencies such as Bitcoin using their credit cards, Virgin Money is now adopting the same policy. Why? The volatility of cryptocurrencies such as Bitcoin have led Lloyds, and now Virgin Money to try to protect their customers from running up large debts…

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Bitcoin’s Biggest Increase in Value in 3 Years

The growing optimism for the future of the web-based crypto-currency ‘Bitcoin’ received another boost this week as the value of 1 Bitcoin jumped above $1,000 (£815) for the first time in three years. Performed Better Than Central-Bank-Issued Currencies. On Sunday, the digital currency’s 2.5% increase in value helped it to not only reach a three-year…

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