De Beers, the world’s largest diamond producer, is using blockchain technology in a pilot project to track diamond sales. Participants can view all transactions while identities and the value of sales are hidden. The goal is to reassure buyers that the gems they’re purchasing are both genuine and not conflict diamonds.
Lower Real Estate Transaction Costs With Blockchain Technology
Advocates of decentralized ledger technology say it can streamline transaction processes, reduce fraud, eliminate middlemen, and cut costs.
Researchers find that one person likely drove Bitcoin from $150 to $1,000
Researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman have written a fascinating paper on Bitcoin price manipulation. Entitled “Price Manipulation in the Bitcoin Ecosystem” and appearing in the recent issue of the Journal of Monetary Economics the paper describes to what degree the Bitcoin ecosystem is controlled by bad actors. To many it’s been obvious that the Bitcoin markets…