Bitcoin Daily: Mastercard Files for DLT Patents, SBI Holdings Plans Ripple-Infused App |
The World Economic Forum WEF has found 65 different applications for blockchain technology to tackle the worlds environmental challenges CoinDesk reported To that end the study looked at ways for platforms to incubate responsible blockchain ecosystems Networks could help manage natural resources make more sustainable supply chains and help provide ways for funding of economic growth that is low-carbon and sustainable The study which was released at the Global Climate Action Summit was made with the help of PricewaterhouseCoopers PwC Mastercard is thinking of tracking consumer payments with the help of blockchain technology CoinDesk reported The company wrote about ways that distributed ledger technologies DLTs can make records of point-to-point transactions With this information organizations can make a log that could help make account management easier In the documents Mastercard said The use of digital ledgers such as blockchains may further facilitate the services provided by such a platform by enabling data to be stored clearly and in a format that is easily auditable by participating entities Jack Ma of Alibaba believes that blockchain technology needs to be environmentally focused and change the manufacturing industry to be useful The Next Web TNW reported At the World Artificial Intelligence Conference Ma said Blockchain and IoT will be meaningless tech unless they can promote the transformation of the manufacturing industry and the evolution of the society toward a greener and more inclusive direction However TNW noted that most of the speech was geared toward artificial intelligence and its future roles Ripple technology might be included with SBI Holdings planned upcoming mobile payment app dubbed Money Tap The Next Web reported The outlet claims that based on a translation the service purports to offer bank transfers without extra fees The TNW predicts that given the nature of SBI Ripple Asias business the app could use blockchain for Ripple The app is reportedly part of SBI and Ripples SBI Ripple Asia venture NEW DATA Why Banking Consumers Prefer Convenience Over Security No one is safe from cybercrime Yet even with looming risk of fraud at an all-time high most consumers care more about convenience than data security 705 percent like authentication methods that are easy to use The inaugural edition of the Digital Identity Lifestyle Capsule report examines more than 150 data points and explores why speed convenience and ease of use can make or break consumers relationship with their bank