HomeArticlesIBM FILES A BLOCKCHAIN PATENT FOR SYSTEM TO COMBAT PACKAGE THEFT BY DRONES
IBM FILES A BLOCKCHAIN PATENT FOR SYSTEM TO COMBAT PACKAGE THEFT BY DRONES
December 3, 2019
Blockchain is helping the poorest people in East Africa, and IBM is working on a solution to stop theft from packages delivered by drones, let’s start the show. Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode. Bitcoin (BTC) node synchronization would be impossible if it were not for the improvements that have been made to the software, this is according to the research arm of crypto exchange BitMex. BitMex Research measured the Initial Block Download (IBD) times of Bitcoin Core software releases from 2012 to 2019 needed to download the blockchain and verify it and recently shared their conclusions. The research team claims that the older version of the Bitcoin Core software may be impossible to synchronize now and that the scalability improvements made to the software are essential to the operation of the network. If Bitcoin does not continue to improve, will it be able to keep up with more advanced cryptocurreny projects? In January 2020, the regulatory landscape for crypto businesses will be changing in the European Union. Not long ago, the Anti-Money Laundering regulations were extended to cover cryptocurrency custodian wallet service providers and crypto-to-fiat exchanges in the EU. The legislation known as the EU Fifth Anti-Money Laundering Directive passed on July 9, 2018, and shall be transposed into the national legislation of each EU member state by Jan. 10, 2020. Before that, cryptocurrencies, in most cases, fell outside of the EU regulatory regime. What will the new regulations do to the development of blockchain in the European Union? Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode. In the rural areas of Kenya, the people living there face a very common problem associated with traditional finance and hard cash. Another persistent problem in third world countries is the lack of easy access to the services of a bank. To tackle these issues the Red Cross implemented a two-year plan to furnish the ‘disaster-prone areas’ with smooth money management and financial freedom – all with the help of a smartphone. In the new plan, credits are automatically recorded on the ledger and people can spend the earned credits on daily commodities and services. This will all be done using a blockchain, so, can distributed ledger technology help the impoverished people in East Africa. A group of United States prosecutors announced the arrest of Virgil Griffith, who allegedly traveled to the Democratic People’s Republic of Korea (DPRK) to deliver a presentation on how to use cryptocurrencies and blockchain technology to circumvent sanctions. The 36-year-old Griffith was arrested at the Los Angeles International Airport and will be charged with conspiring to violate the International Emergency Economic Powers Act (IEEPA). Can blockchain help the people of North Korea, and will Virgil Griffith face jail time or be released for his actions. IBM has filed for a patent of a system that uses blockchain technology to prevent drone-enabled package theft. As per the filing published by the United States Patent and Trademark Office (USPTO) on Nov. 12, IBM will track drone altitude using an Internet of Things (IoT) altimeter, while continuously uploading that data to a blockchain secure platform. Will this system help to prevent theft moving forward? Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show, and don’t forget to check out our new website and cryptognt.com This is where you can find all of the latest on blockchain and cryptocurrency. You can find a link to our website in the show notes below. For crypto global news I am Edward, until next time, you take it easy.