Indian Vehicle Maker Tata Motors Calls For Blockchain Technology Focused on Auto Industry

Tata Motors, an Indian car company, has recently shown some interest in integrating blockchain-based solutions to its cars as part of a new program. According to Business Insider India, the company has just started the Tata Motors AutoMobility Collaboration Network 2.0.

This new program is intended to help the company to develop products related to the industry using solutions based on emerging technology such as artificial intelligence, machine learning and blockchain.

These solutions will be used in several aspects of the industry such as in monitoring the vehicles in real-time, creating a parking marketplace and using algorithms to predict demand more accurately.

Shailesh Chandra, the president of corporate strategy at the company, affirmed that every segment of the industry is currently required to innovate. She believes that we live in an age of quick changes, so the companies need to be prepared to always find the right solutions via in-house initiatives or external partners.

Blockchain and The Car Industry

Blockchain technology is being used all over the world, so it is no surprise that the automotive industry is adopting it as well. According to recent reports, the global blockchain market is set to grow 42.5% per year.

Several companies are already starting initiatives similar to Tata Motors’ one. PlatOn, for instance, created a platform that stores the data of the market and calculates the price of used cars.

Volvo Cars have recently created electric cars which were mapped in the blockchain to prove that they were environmentally-friendly and did not use any kind of child labor.

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Author: Hank Klinger

IBM And Indian Telecom Firm Tata to Become Part of Hedera Hashgraph’s Governing Body

Technology giant IBM and the Indian telecom company Tata Communications have recently announced that they would be a part of the Hedera Hashgraph, a blockchain network that was created for enterprises.

The blockchain network has affirmed that the presence of these two companies is set to decentralize even more control of the company. At the moment, the company has 31 of its 39 seats for the governing council still open.

Mance Harmon, CEO of Hedera Hashgraph, affirmed that the governance model of the company ensures that no company can consolidate power alone. This is usually done via a checks and balances system that prevents one company from getting all the power alone.

Hedera was created in order to facilitate payments using the blockchain technology and to support smart contracts and file storage. The company was able to raise $124 million USD so far via future token agreements.

The code of the company is fully open for viewing, but it is patented, meaning that it is not open source, only transparent.

According to IBM, one of the most interesting aspects of the network is how private networks can be used to interact with public networks. The Hedera Consensus Service, for instance, can be used to connect public networks such as the Ethereum blockchain with private ones such as Hyperledger Fabric.

Because of this, IBM is certain that this new technology can be used in order to make its own offerings more effective and well-connected to the rest of the blockchain world.

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Author: Gabriel Machado

India’s Second Largest Company, Reliance Industries, to Incorporate Blockchain All Across the Country

During the 42nd Annual General Meeting of Reliance Jio Infocomm Limited, an Indian mobile network operator fully owned by Reliance Industries, Founder, Shri Mukesh D. Ambani has shared how the firm will be investing in three next generation technologies’, among which includes focus depicted in blockchain technology, edge computing and virtual and mixed reality content and cloud infrastructure.

The conference went live on Facebook on Sunday, August 11, 2019.

Speaking of blockchain uses, Ambani praised the technology for its ability to support data privacy along with plans that the company has in store for the country.

Here’s why he believes blockchain has potential in contributing towards the Indian economy:

“Using blockchain, we can deliver unprecedented security, trust, automation and efficiency to almost any type of transaction. This is a vital capability for India, especially for modernizing our supply chains, agriculture produce and other goods, which produces the life form for our economy.”

He further argued that the blockchain uses will go as far as promoting innovation in coming up with newer models that support data privacy. Ambani shared that the overall aim is to ensure control of one’s data belongs to said rightful owners and “not by corporates”.

This is an issue that he seems to be passionate about as he went to highlight that Indian data should not leave the country because it is the country’s “wealth”.

That said, the Founder shared Jio Infocomm’s future efforts over the course of 12 months. In particular, the firm plans to install “one of the largest blockchain networks” across India entailing tens of thousands of nodes in operation.

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Author: Nirmala Velupillai

John McAfee Summons ‘Anonymous’ Hackers to Combat The Current Crypto Ban In India

John McAfee Summons 'Anonymous' Hackers to Combat The Current Crypto Ban In India
  • John McAfee is requesting hackers to take action and help Indian crypto users
  • India is taking very hard policies related to digital assets

John McAfee, the recognized figure in the crypto market, has sent a few messages regarding the current situation that cryptocurrencies are experiencing in India. Indeed, he called hackers to take action now that Bitcoin is forbidden in the country.

John McAfee Against India’s Bitcoin Policy

On Twitter, McAfee wrote that if there was ever a time for Anonymous to take action, the time is now. He was making reference to the current situation that crypto enthusiasts are experiencing in India in which users of digital assets would have to spend 10 years in jail.

In another tweet, he wrote:

“The was has begun. An entire nation wishing to free itself is now punished for using the instrument of freedom.”

Nonetheless, these two tweets were deleted. The tweets were making reference to a bill that wants to prohibit Bitcoin ownership and trade in the country. India has taken very hard measures against the crypto market and several companies such as exchanges had to leave the country.

Lawmakers in the country are proposing to the government to impose 10 years of prison sentences to people that are related to digital currencies in the country. That includes mining, holding, selling, transferring, disposing of, issuing or dealing with virtual currencies directly or indirectly.

At the same time, Bitcoin investors would have to inform the government they own these digital currencies and they will have 90 days to sell them to the market.

John McAfee is a strong supporter of virtual currencies and blockchain technology. At the moment, he is running for president of the United States proposing to embrace distributed ledger technology (DLT) and cryptocurrencies.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Carl T