US Blockchain Engineers Earning as Much as AI Specialists

Twitter Facebook The fast-growing blockchain technology sector has created a high demand for talent and this has consequently resulted in blockchain engineers being among the best-remunerated in the tech sector. According to CNBC, the average pay for blockchain engineers in the United States is between US$150,000 and US$175,000 making it comparable to what developers who specialize in another high-demand field, artificial intelligence, make. The two fields now currently offer the highest-earning specialized engineering roles. Typical software engineers make an average of US$135,000. Surge in Openings This comes at a time…

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Stocks Cleared and Settled Successfully in Bank of Canada Blockchain Trial

Twitter Facebook LinkedIn An experiment conducted by Canada’s central bank in conjunction with the country’s payments system, a stock exchange operator, a distributed ledger technology (DLT) firm and a global consulting and professional services firm has demonstrated that it is possible to clear and settle securities efficiently and cost-effectively using blockchain technology. In the trial, the Bank of Canada in partnership with payments system organization Payments Canada, stock exchange operator TMX Group, global consulting firm Accenture and blockchain firm R3 demonstrated the feasibility of an integrated DLT-based securities and payment…

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Want to Make Money as a Programmer? Learn Blockchain Development

Twitter Facebook LinkedIn Despite the year-long bear market that has seen the prices of major cryptocurrencies drop 70 to 80 percent, the demand for blockchain developers is still at an all-time high. According to Mehul Patel, the CEO of San Francisco tech talent recruitment firm Hired, the demand for the blockchain has increased significantly in the past several months. The supply of software engineers is already low, and individuals that are well versed in the cryptocurrency sector are even more scarce. “There’s a ton of demand for blockchain. Software engineers…

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Alibaba Cloud’s Blockchain as a Service Now Available Outside China

Twitter Facebook LinkedIn The cloud computing division of China’s largest online retailer Alibaba has announced the expansion of its Blockchain as a Service offering beyond its domestic market. In a statement, Alibaba Cloud disclosed that the blockchain service will now be available in the United States as well as countries in Europe and South East Asia. “Our customers in China have already experienced the benefits from our BaaS platform and we are excited to extend this service to other enterprise customers all over the world,” wrote Alibaba Cloud in a…

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IBM and Maersk Struggle to Sign Partners to Shipping Blockchain

It’s hard enough to get enterprises that compete with each other to work together as a team, but it’s especially tricky when one of those rivals owns the team. Shipping giant Maersk and tech provider IBM are wrestling with this problem with TradeLens, their distributed ledger technology (DLT) platform for supply chains. Some 10 months ago, the project was spun off from Maersk (the largest container shipping company on the planet) into a joint venture with IBM. But in that time the network has enticed only one other carrier onto…

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Australian Government Agency Says Blockchain ‘Interesting’ But Hyped

The Australian government agency dedicated to streamlining the country’s IT operations has called blockchain “interesting,” but said it is hyped by firms working with the tech. The chief digital officer of the Digital Transformation Agency (DTA), Peter Alexander, indicated the view was arrived at after the organization received  AU$700,000 (about US$500,000) from the government in May to explore blockchain applications within government services. “Blockchain: Interesting technology but early on in its development, it’s kind of at the top of a hype cycle,” Alexander said at a parliamentary committee meeting on Tuesday, as…

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Fidelity’s Blockchain R&D Lead Just Went Full Crypto

Hadley Stern, the executive who led Fidelity Investments’ blockchain research and development for the last three years, is joining a well-known startup in the field. Announced today, Stern has been named the first-ever chief operating officer at blockchain software startup Bloq. Stern worked for 17 years at Fidelity, most recently as a senior vice president and the managing director of the blockchain incubator at Fidelity Labs. Stern is leaving the financial services giant just as it launches a new digital asset trading and storage platform, Fidelity Digital Asset Services LLC,…

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ING Bank Launches Zero-Knowledge Tech for Blockchain Privacy

ING Bank is continuing further down the path of advanced blockchain privacy with the release of its Zero-Knowledge Set Membership (ZKSM) solution, announced this week at the Sibos banking conference.  The Netherlands-based lender had already received plaudits for adapting classical zero-knowledge proofs (a way of proving possession of a secret without revealing the secret itself) into a simpler form for use within the bank called zero-knowledge range proofs. Zero knowledge range proofs can prove a number is within a specific range. For example, a mortgage applicant could prove that their salary…

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Gates Foundation Partners With Former Ripple CTO’s Blockchain Project

The Bill and Melinda Gates Foundation has partnered with blockchain startup Coil as part of its mission to provide payment services for the unbanked. The news comes via a tweet from Miller Abel, the foundation’s deputy director and principal technologist, on Oct. 17. Abel indicated that the organization and Coil will work together to implement the Interledger Protocol and explore ways to support “pro-poor payment systems.” Interledger is an interoperability protocol that allows payments across different crypto networks. The technology was initially co-developed by former Ripple CTO Stefan Thomas while…

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Abu Dhabi, Belgium Ports Collaborate on Blockchain Trade Pilot

A subsidiary of Abu Dhabi Ports has partnered with Belgium’s Port of Antwerp for a blockchain pilot aimed to facilitate international trade. The proof-of-concept (PoC) trial will be conducted by Maqta Gateway using its own blockchain platform, Silsal, which was launched in June to address inefficiencies in the shipping industry and better connect importers and exporters. According to a press release, the trial is expected to help the companies handle trade documentation between the United Arab Emirates and Belgium, “providing full cargo visibility and streamlining trade flows and supply chains.” The pilot is…

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