South Korea Includes Blockchain As Part Of $4.4B USD Domestic Investment Plan For 2019

The South Korean government has announced that it will spending a total of 5 trillion won ($4.4B USD) to nurture eight critical sectors of the domestic economy, including blockchain. On Monday, The country’s finance ministry unveiled its ‘growth through innovation’ investment plan for 2019. According to the ministry, the government opted to increase the amount…

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How to Solve Blockchain’s Data Storage Issues Once and For All

We live in a world where data is becoming more and more important every day. To highlight just how massive this data revolution has been, here’s a fact: every two days we create as much data as we did from the beginning of time until 2003. That’s right – it took almost all of human civilization…

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Unlocking the ocean of data around Facebook and Google

It is the fuel of modern business, every company needs a lot if it and few can afford enough of it.  Only a handful of companies have both the access to big data and the artificial intelligence (AI) and machine learning (ML) capabilities to turn it into a product. This has created an inequality chasm…

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China’s Tencent to Use Blockchain in Fight against Tax Evasion

China’s Tencent Holdings has entered into a partnership with a local tax bureau to use blockchain technology in stopping tax evasion. Chinese technology and media conglomerate Tencent Holdings is collaborating with Shenzhen tax authorities to fight tax evasion through blockchain technology, Chinese media reported. The Shenzhen State Taxation Bureau signed a partnership deal with Tencent…

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Crypto Regulatory Patterns: Challenges and Recommendations

Despite the challenges, regulations for cryptocurrencies should embrace the benefits rather than limit the potential. Three trends have emerged in the area of cryptocurrency regulation, and the challenges facing regulatory bodies are hampering the growth of the digital asset space. Still, regulating the industry would work better if designed to embrace cryptocurrencies instead of restricting…

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Duco Enhances Reconciliation System with Big Data Platform

Duco, a UK-based fintech provider of data control services, has rolled out its latest offering, Duco Cube Data Platform, which operates as an extension of its cloud-based normalization and reconciliation system. The new launch coincides with a growing demand from financial institutions of all sizes in light of existing complications in reconciliation processes, which consume significant time…

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What Do Social Physics, AI, and Blockchain Have in Common?

The concept of “social physics” was first defined in the 19th century by Auguste Comte as “science which occupies itself with social phenomena, considered in the same light as astronomical, physical, chemical, and physiological phenomena, that is to say as being subject to natural and invariable laws, the discovery of which is the special object…

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