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By Fiza Ali
Samsung SDS releases blockchain-based "Paperless" service for its clients
by Fiza Ali
Samsung SDS has announced the launch of its new service, Paperless, which uses blockchain technology to solve falsification issues and document forgery. The latest utility in Samsung's cloud-based Blockchain-as-a-service (BaaS) business safely administers a wide range of documents that are susceptible to falsification and forgery like certificates, consent forms, and contracts, with the help of blockchain technology.
Senior Vice President and Leader of DT Platform Business Unit at Samsung SDS, Jeanie Hong stated:
Samsung SDS implemented the off-chain technology to the Paperless resource which encrypts and reserves data like a large volume of documents or sensitive personal information at a separate server and registers each data's hash value only on the blockchain. This facility can control documents that are required to be deleted after a certain period and also aid in tackling the slowdown of transaction speed of blockchain that occurs because of a substantial amount of data.
It can also be used for various purposes such as voting or proof documents. Additionally, it can assist in ensuring the transparency and reliability of data due to the fact that all data history is registered on blockchain in real-time.
Currently, Paperless is available in the "My Trial" section on the Samsung SDS website.
WWW source code to be auctioned as NFT by maker Sir Tim Berners-Lee
by Sayan Sen
Image via CERN In 1989, British Computer Scientist Sir Tim Berners-Lee created something that would change the world forever. He made, you guessed it, the World Wide Web (WWW) that made the internet as we know it possible.
In a very interesting development today, Berners-Lee has decided that he'd make a pretty historic offer by auctioning the web's source code off in the form of a non-fungible token (NFT). Here's what Sir Tim has said:
The NFT quite aptly named "This Changed Everything" will consist of:
The original time-stamped files containing the source code, A moving visualization of the around 9,500 lines of the code, A letter written by Lee that describes how the code was created, and A digital “poster” of the full code recreated from the original files using Python. The sale will begin on 23 June at 2.00 pm EDT and last through the 30th. It will take place at Sotheby’s Auction House and the bids will start at $1,000. You can find more information about this upcoming event here.
This UK farmer is using cow dung power to farm cryptocurrency
by Sayan Sen
Philip Hughes, a man who resides in the Hendwr farm, located in the Denbighshire county, Wales, UK, is no ordinary farmer. While in a place like a farm, one would expect that cows would generally be reared for their milk, Hughes has been using the energy produced from his "cow muck" to actually farm cryptocurrency.
In the image below is Philip Hughes, the guy at the center, with Josh Riddett (more on him later) towards his left.
Anaerobic digesters have been put up to help him with this task. The digesters are the devices that process the waste to produce electricity. A third of it is to power the mining rigs, while the remainder is utilized for powering his farm itself. The rigs consist of GPUs and are used to mine Ethereum.
Philips has also started leasing out his digesters. So a lot of the mining rigs running here also belong to his lessees who use this renewable energy to farm crypto-coins. One of the people who appears to aid him in this business is Josh Riddett, who runs Easy Crypto Hunter. The firm, based in Manchester, sells and hosts mining rigs and it has been targeting small-scale renewable electricity generators, like Hughes', for its business. So far, Riddett says that he has been successfully able to set up his equipment at 42 sites.
Source and image: BBC
By Usama Jawad96
Microsoft is shutting down Azure Blockchain Service in September
by Usama Jawad
Azure Blockchain Service is Microsoft's Blockchain-as-a-Service (BaaS) offering that has been available in preview for quite some time. Essentially, it is a fully managed ledger service which allows organizations to manage their blockchain network in Azure, perform network deployments, and develop smart contracts. It currently supports Ethereum Quorum using Istanbul Byzantine Fault Tolerance (IBFT) as its underlying consensus mechanism.
Microsoft has now announced that it will be shutting down Azure Blockchain Service on September 10, 2021.
Image via Datafloq While no official reasoning has been given regarding why the service is being retired, Microsoft has recommended that customers immediately start looking for an alternative. For solutions which are already in production or pilot phases, the primary suggestion is to migrate to ConsenSys' Quorum Blockchain offering on Azure since that is also a managed service. Alternatively, customers can opt to utilize blockchain resource management templates on their own infrastructure using Azure VMs. Of course, the disadvantage of this approach is that you'll have to manage the solution yourself after deployment.
For new blockchain deployments and planning, Microsoft has recommended the Quorum and Besu templates available in the Azure Marketplace. The company has also highlighted migration and data export steps and strategy in its guidance here.
Existing Azure Blockchain Service deployments will be supported up until September 10, 2021, which is why customers should start evaluating alternatives immediately. New deployments will not be allowed after May 10, 2021.
New Chia crypto-coin could lead to Hard Drive and SSD shortages, price hikes
by Sayan Sen
While most of us are well aware that Ethereum mining, among other reasons, has led to a dearth of graphics cards, very soon we could see a shortage of storage components like hard disk drives and SSDs as well. According to a report by Hong Kong media outlet HKEPC, people there are starting to hoard large quantities of HDDs and SSDs to prepare for mining the new Chia crypto-coin that was released yesterday. The new coin has been developed by Bram Cohen, who is most famous for his Bit Torrent invention.
Chia, unlike coins like Ethereum, utilizes the "Proof of Space" cryptographic technique such that it uses unused storage space like that in HDDs and SSDs. As a result, prices for these components have started spiking by up to three times in Hong Kong, and if the rest of the world catches up to Chia, then we may see a global shortage and massive price surges of storage components as well. Currently, it seems that hard drives that have capacities of 4TB and more are the most in-demand there, which is obviously for the large amount of disk space that they can offer to miners.
However, there could be a brighter side to it. Chia's makers say that it is also more eco-friendly than some of the other coins. A Verifiable Delay Function (VDF) is implemented via its "Proof of time" mechanism that requires sequential computation, and simply throwing more parallel devices at it shouldn't reduce compute times. Hence this, the company says, could potentially lead to a lot of energy saved too.