Category: Global Currencies

China Becomes First Country in the World to Test a National Cryptocurrency

China Becomes First Country in the World to Test a National Cryptocurrency

In Brief China’s central bank has developed its own cryptocurrency, which is now being tested. Cryptocurrencies have the potential to not only benefit China, but the rest of the world, due to their basis in blockchain. Benefits of Digital Currency China’s central bank — the People’s Bank of China — has developed a prototype of a…

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Blockchain-Based Smart Contracts Approved

Blockchain-Based Smart Contracts Approved

Today, most information is tracked in major centralized databases owned by one company (or government) or another. As we know, these databases are often vulnerable to hackers, they are not at all transparent, and they can be difficult to get corrected when they are wrong. This has created a lack of trust in our systems, and makes it frustrating to do business.

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