Tag: Blockchain

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US Police Devices Firm Explores Blockchain to Fight Deepfake Videos

U.S. law enforcement technology manufacturer Axon Enterprise Inc. is exploring new data tracking technologies, including blockchain, for its new body cameras.

Leading technology manufacturer for United States law enforcement Axon Enterprise Inc. is exploring new data tracking technologies, including blockchain, for its body cameras.

Verifying police footage

The impetus behind Axon’s interest in emerging technologies is public and government concerns about “deepfake” videos, Reuters reported on Oct. 3. Deepfake videos are produced using a particular type of artificial intelligence (AI) making them look and sound like the real thing. 

This technology causes a great apprehension that bad actors can easily manipulate videos to discredit an individual. This is obviously of major concern for police wearing body cameras. Axon is looking into using blockchain to verify the authenticity of police body-cam footage.

In its new generation of cameras, Axon includes a secure digital signature to help track provenance of videos. “Axon recognizes the threat posed by ‘deepfakes’ to cause general mistrust in the integrity of any video, including body-worn camera videos,” Axon’s spokesperson told Reuters.

Blockchain and AI lead the way

Blockchain and AI are now widely used by enterprises to improve their internal processes and products. In a dedicated analysis for Cointelegraph, Julia Magas wrote that by being able to continuously analyze data under a strict protocol required for achieving desired results, AI leads the way by allowing data to be properly stratified and shared.

Blockchain lends its characteristics to make sure the data is handled in an environment that is safe from external interference, as well as tampering of data ownership and sequence.

On the government level, The European Union is increasing the amount of data that can be reused as raw material for AI and blockchain projects. Alexandru Petrescu, Romania’s minister for communications, said:

“These rules are a real enabler for artificial intelligence and will help Europe to become a world leader in this crucial area. They will bolster the EU digital industry, especially smaller companies and startups, which would not otherwise have access to all the data they need to innovate and expand.”

Verisart Raises $2.5M in Funding Round Led By EOS Venture Capital

Verisart, a company that certifies art authenticity through blockchain, raises $2.5 million to further expand its commercial platform.

Verisart, a company that certifies art authenticity through blockchain technology, has raised $2.5 million to further expand its commercial art platform.

Verify and track provenance of art

In an Oct. 3 article by Techcrunch, it was announced that Verisart raised $2.5 million in seed financing led by Galaxy Digital EOS Fund, alongside investment firms Sinai Ventures and Rhodium.

The funding will go toward expanding Verisart’s product and engineering team and will make it possible to launch a whole range of services aimed at artists, galleries and collectors. Verisart’s CEO Robert Norton said:

“With this new round of funding, we’re able to scale our business and ramp up our partnership integrations. The art world is quickly realizing that blockchain provides a new standard in provenance and record-keeping and we’re looking forward to extending these services to the industry.”

Verisart, which per the report is the first company to apply blockchain technology to the physical art and collectibles market, allows artists to create digital certificates that verify and track the provenance of a specific art piece as it gets stored on the Bitcoin blockchain. 

David Hockney paintings sold via blockchain

Cointelegraph reported in August that South Korean art-focused blockchain project ArtBloc  conducted a fractionalized ownership sale of two paintings by popular British painter David Hockney. ArtBloc introduced the blockchain-enabled fractionalized ownership sale of the David Hockney’s paintings in Seoul on Sept. 19.

Wallet Provider Blockchain.com Sees a String of Exec Departures: Report

U.K.-based cryptocurrency data and wallet provider Blockchain.com has come under the spotlight after a string of executive departures. United Kingdom-based cryptocurrency data and wallet provider Blockchain.com has come under the spotlight after a string of exits by company employees. Citing sources familiar with the matter, an article published by The Information on Oct. 2 claims…
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US Lawmakers Ask Federal Reserve About National Digital Currency

Senior members of the House Financial Services Committee asked the Federal Reserve whether there are plans for launching a U.S. dollar digital currency. Members of the United States House of Representatives Financial Services Committee asked the Federal Reserve whether there are any plans of launching a U.S. dollar digital currency. Fed has the mandate to…
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Telegram Messenger to Officially Launch TON Network in Late October

Telegram has confirmed an October launch date for its long-awaited TON network with corresponding Gram tokens. Encrypted messaging service Telegram will launch its long-awaited Telegram Open Network (TON) in late October. In an Oct. 2 message in the official TON Board on Telegram, the firm states that original investors were informed that the blockchain network…
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Samsung-Backed Blockchain Firm Launches in UAE After Securing $16M

South Korean blockchain provider Blocko launches in the United Arab Emirates after securing $16 million in funding. Blocko, a South Korean blockchain provider, launched in the United Arab Emirates after securing $16 million in funding. Building full-scale enterprise blockchain solutions On Oct. 2, Middle Eastern business publication Arabian Business reported that Blocko has partnered with…
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Leading Japanese Firms Form Security Token Offering Association

Leading Japanese financial firms like Monex Group and SBI Securities are forming a regulatory body for security token offerings. Leading Japanese companies are forming a regulatory association for security token offerings (STO). On Sept. 30, the Nikkei Asian Review reported that firms such as SBI Securities, Nomura Securities, Monex Group and Daiwa Securities Group are…
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Morningstar Develops Blockchain Platform for Debt Securities

The credit rating arm of financial services firm Morningstar is developing a blockchain platform for debt securities. The credit rating arm of financial services giant Morningstar is developing a blockchain platform for the $117 trillion debt securities industry. Morningstar Credit Ratings is building an evaluation system for debt securities issued as tokens on a blockchain,…
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Does Crypto Always Mean Decentralization?

While crypto was initially built off the principle of decentralization, nowadays that may not always be the case. Cryptocurrencies are based on decentralized technologies, but there is a big difference in terms of what they are, how they are used, and what it means for the projects — and now, governments — that are engaging…
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Ripple-Backed Web Monetization Platform Coil Now Supports XRP

Web monetization platform Coil now supports XRP payments in real-time thanks to a partnership with payment gateway and XRP Ledger wallet provider GateHub. Web monetization platform Coil now supports XRP payments in real-time thanks to a partnership with payment gateway and XRP Ledger wallet provider GateHub. An official press release published on Oct. 1 noted…
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