Walmart, the world's largest company by revenue launched blockchain-based supply management.

According to the Blockchain Training Institute, the Canadian unit of Walmart implemented blockchain in its freight tracking and supply management.

The blockchain ensures accuracy because transport time input by freight truckers and the arrival time can be easily tracked.Unlike a public blockchain-based network such as Bitcoin or Ethereum, Walmart's blockchain only contains dozens of nodes.

Walmart's new private blockchain has 27 distributed nodes, some of them on-site and others in the cloud.

IoT sensors and GPS tracking are used in semi-trailer trucks as well as a web portal and a mobile app.

For any blockchain to be secure, it should have multiple nodes so that it is very difficult for any intruder to hack.

Blockchain Training Institute: The Bitcoin Lightning Network refers to a "Layer 2" payment protocol that operates on top of a blockchain-based cryptocurrency.

Jager told: “Lightning is a peer to peer network in which anyone can participate.

There is no central entity that has the ultimate power to decide on what users are allowed to communicate.”Private messaging is the talk of the town topic in the digital age.

It’s easy for hackers to intercept messages that are not encrypted.

Apps such as Signal and Wire give users more privacy, but private messaging is still far from everywhere.Jager also quoted: "I like to compare private messaging with talking to someone in person privately.

But a recent change to lightning’s specifications has standardized how this built-in messaging system works, so lightning network software remains compatible.Any decentralized or centralized service will happen with the cost of money.

Blockchain Training Institute: The 29-year-old Singapore resident, Frauds such as wire and access device fraud and aggravated identity theft are the charges on which Matthew Ho was arrested in Singapore.The lawsuit alleges that Ho operated multiple accounts with at least three stolen identities and credit cards in cloud services companies, including Amazon Web Services (AWS).

Between October 2017 to February 2018 he used the cloud computing resources to mine many cryptocurrencies, like Bitcoin and Ethereum, which resulted in him becoming one of the big volume consumers in that duration.Ho later identified as a popular developer of video-games from California, a native of Texas and as the founder of a technology company from India with the stolen personal information.

Additionally, he coaxed the cloud computing service providers in providing him with the highest privileges, additional processing access along with huge storage space, and for delayed billing.The financial loss of $5 million largely stems from outstanding Cloud service charges that sustained Ho's mining activity, although some were incurred by the financial staff of the California game developer before wrongdoing was discovered.Ho had used the identities of the other two to procure cloud computing power for Google Cloud Services, in addition to using the developer's identity to create accounts in AWS.As per the jury, though mining and other means Ho converted the cryptocurrencies into fiat currency using various trading platforms.The true identity of the three plaintiffs nor the total amount that Ho made from trading cryptocurrencies was not revealed by the court.However, according to the court, imprisonment of 20 years is the punishment for wire fraud, whereas access device fraud carries a sentence of 10 years in prison and aggravated identity theft carries a punishment of 2 years.

According to the Blockchain Training Institute, Blockchain enthusiasts are consistently experimenting on different things with this technology to bring out new use cases and applications to solve the redundant and complex issues in the fintech industry.Cryptocurrency: This is the most well-known use of Blockchain.

By executing Blockchain, parties are able to transact with one another without the inclusion of any bank.KYC Verification: Blockchain solutions are being utilized broadly for authentication, verification, and storage of electronic records in the banking industry just as to make KYC utility for the National Stock Exchange.Supply Chain: This is an interesting use-case.

Organizations are planning to implement Blockchain across these parties with the goal that every one of the parties involved can put status progressively in the Blockchain which clients can easily track.

Using Blockchain eliminates the management onus on one party and helps in decentralizing the load across all the parties.Healthcare: Blockchain can be used to utilized to keep a record of the medication, surgery.

It can be directly sent to the insurance provider to avail of insurance.

Blockchain can keep a track of receipts and payments privately.Music Industry: There are a lot of issues when it comes to the music industry.

According to the blockchain training institute, Banque de France, the French Central Bank is looking to hire a Blockchain technology analyst.

The job role would be to guide the bank to outline a digital currency implementation program.

Banque de France job post discloses Digital Currency Implementation Program.In the recent job posting, the bank looked to hire an analyst having experience in:Game theoryCryptoeconomicsPublic Blockchain Private BlockchainBanque de France is also looking for the position of a development engineer who would analyze the use of Blockchain technology is crucial banking operations.For the Blockchain analyst role, the banking institution mentioned  the following as examples of Private Blockchain:Quorum, HyperledgerCordaIt also mentioned the following examples of Public Blockchain:Bitcoin Blockchain Ethereum BlockchainBanque de France job post discloses Digital Currency Implementation Program.

In the past, the banking institution has mainly focused on Blockchain but not on Bitcoin.

In 2016, it ran a digital identification trial that examined the usage of Blockchain in identity markers management.

The identity markers are used to create the identity of creditors within the SEPA.The governor of the bank declared that it would build a financial technology innovation lab.

Blockchain Training Institute: Bitcoin dropped down by 4.4 percent on Friday.

It slipped below 9000 USD for the first time in 2 weeks.

According to TradingView, the price dropped by 8,800 USD.

This is not going affect much as the Bitcoin price as of now is double the price at the beginning of 2019.

Hence, Bitcoin is considered one of the best performing asset class of 2019.

Bitcoin had recovered $2,000 in late October as Chinese President Xi Jinping declared that the country would accept blockchain.

Blockchain Training Institute: Lael Brainard, the Federal Reserve Governor was very critical about Libra on Wednesday, mentioning that the Facebook-led venture would have to comply with various regulatory norms before being launched.One of the transcripts from Wednesday’s speech at the Future of Money in Digital Age forum organized in Washington, D.C., Brainard explained how worldwide Stablecoin ventures posed complicated legal issues that could at most hinder the prospects of Libra’ expected go live in 2020, and how it placed customers and international banking system at increased risk by keeping them unresolved.The primary concern is of Stablecoins possibly becoming too popular and even competing with currencies circulated by the central banks.Brainard was also of the opinion that if most of the domestic households and business units start relying on global Stablecoins for payments and also as a store of value, it would seriously hamper central banks’ financial records.She noted that Libra was ideally positioned to do this with direct access to the enormous user base of Facebook – “one-third of the world population” – and perhaps even more so since Libra also aims to be accessible to people, not on the social network.Nevertheless, Brainard doubted the existence of regulatory solutions for all those potential users.Brainard also expressed that such consumers might not be aware of their digital wallet rights, and also the regulators who have developed a firewall to protect consumer’s traditional bank accounts, by insuring deposits to making financial organizations liable for any fraud.“Not only is it not clear whether comparable protections will be in place with Libra, or what recourse consumers will have, but it is not even clear how much price risk consumers will face since they do not appear to have rights to the Stablecoin’s underlying assets.”Libra’s intentions to be profoundly bound with the sovereign currencies, makes matter even worse as it is not obvious what are the rights of the users and holders on the underlying assets if any.Brainard concluded with the following statement:“It should be no surprise that Facebook’s Libra is attracting a high level of scrutiny from lawmakers and authorities.”Debating the Digital DollarHer speech also included the Federal Reserve discussion about the virtues of the United States releasing a “Central Bank Digital Currency,” a digital dollar.Previously, Brainard had restrained from the U.S.-backed digital dollar, has been fighting for that side at various levels like the effect on monetary policy, operational security threats, and the danger to the financial stability, along with the consequences on the privacy of users.“If [a digital dollar] is designed to be financially transparent and provide safeguards against the illicit activity, a central bank digital currency for consumer use could conceivably require the central bank to keep a running record of all payment data using the digital currency—a stark difference from cash, for instance.”According to Brainard, the Fed would yet proceed to evaluate the advantages and disadvantages of a digital dollar.

On Wednesday, she received support from another central banker, the President of Federal Reserve bank of Dallas, Rob Kaplan.

Everyone is discussing blockchain, and no one wants to be left behind.Around 77% of the financial services industry will adopt blockchain for a few elements of their operation by 2020.Many banks have demonstrated a tendency to incorporating blockchain for payments and reconciliationIn fintech, blockchain discovers application in areas like digital ID, client authentication, insurance and moreAccording to the blockchain training institute, it is one technology that is said to acquire in a revolution on par with the birth of the internet.

What began as a decentralizing currency and resources are currently disrupting each mainstream industry.

Whether its fintech, healthcare, pharmaceuticals, insurance, digital security, enterprise SaaS - blockchain is everywhere today.Even the normal BFSI stakeholders like the large retail banks are sending blockchain solutions for the robustness this technology brings to age-old systems when integrated in the right way.According to a survey on the financial services sector and fintech directed by PWC, around 77% of the financial services industry has a plan on adopting blockchain by 2020.

Banks comprising a third of the institutions surveyed have indicated a tendency in incorporating blockchain in their operations.People who haven't grown listening regarding this technology are currently aspiring to work on this new technology.

The way to a career in Blockchain is, obviously, new as well as innovative.iron

Great news for anyone seeking a career in the blockchain or cryptocurrency industries.

Positive growth of employment opportunities in the crypto and blockchain sector.The job search engine, Indeed, published a report revealing that people seeking employment in blockchain and cryptocurrency domains have increased significantly.

It is also evident by the fact that job ads related to crypto and blockchain have also increased, as seen by the 26% growth from 2018-2019, succeeding a four-year trend of 1,457% rise in these domains!Meanwhile, other industry-specific job searches saw a drop of around 53% in the same time, which followed a long recession run.

As per Indeed’s analysis, the passion among job-seekers increased in late 2017, the time when cryptocurrency was on a bull run, wherein Bitcoin’s price peaked to its all-time high of $20,000, however, it has gradually dropped after reaching the high.According to the blockchain training institute, the top five job postings in the current year, were all related to computers, with the most common positions being that of:Software ArchitectFull-stack developerFront-end developerSoftware engineer Additionally, Deloitte, IBM, Accenture, Cisco, and Collins Aerospace featured in the top 5 employers that posted jobs related to blockchain.

However, Ernst & Young joined Deloitte in the top 10 as one of the Big Four companies to post blockchain openings.Nevertheless, companies in the cryptocurrency and blockchain business also posted numerous openings, wherein they ranked as follows:  Coinbase – 7th place  Overstock.com – 8th place  tZERO/ Ripple – 9th place  Circle – 11th place  Kraken – 12th place  ConsenSys – 13th placeApart from these, banking firms JP Morgan Chase and Signature Bank, occupy the 14th and 15th place on the list.Unexpectedly, one of the pioneers in the telecom sector, Verizon, is the only company from the telecom sector occupying the 10th place in the employer's list posting blockchain-related jobs.

Even though Verizon has invested significantly in blockchain, and also filed for a patent related to this technology, it has not made any important declaration in this domain.Lastly, as per Indeed’s report, it forecasts an upward trend of jobs in the crypto and blockchain sector in the year 2020, even with high volatility in prices and ambiguity in regulatory norms that oversee the crypto industry.

Blockchain Training Institute: Although there are dozen bitcoin ETF proposals that are marked down by the US Securities and Exchange Commission(SEC), this young firm is in high hopes that SEC would give a green signal.

Wilshire Phoenix is a New York-based company in association with the NYSE Arca has filed a United States Bitcoin & Treasury Investment Trust ETF.

This firm will invest both bitcoin and U.S. Treasury securities, which is referred to as T-bills.

"Our proposed bitcoin-related ETF is quite different from those that have previously been submitted to the Commission for approval.

To name just a few distinctions, the composition of the Trust is very different.

Our Trust is a multi-asset trust (bitcoin and T-Bills), as opposed to just bitcoin,” quoted William Herrmann, founder and managing partner, Wilshire Phoenix.However, SEC has rejected multiple proposals considering the firm's age, the risk to investors and exposure to digital assets.

According to Blockchain Training Institute, Korean trade finance is about to be revamped on the blockchain.The transformation is estimated to be done by 2021, nevertheless, the system would be available for foreign exchange payments well within a month's time.The blockchain would be utilized for sharing specific documents of trade finance which can be easily made available to various financial organizations, wherein security bonds for export activities would be made available in a similar fashion with the facility to allow banks to check for any duplication.The strategy was unveiled by the Korean Finance Minister Hong Nam-ki on October 14, 2019, is considered pivotal towards the country’s Digital Trade Development.

Moreover, the strategy is specific to the usage of blockchain with 5G and Artificial Intelligence in order to boost the trading ecosystem with the focus of firming up exports.Hong further expressed that they intend to develop a digital trading place with easy and convenient access during every step of export like contract building, custom clearance, and logistics.They have plans to set up a Digital Trade Blockchain Committee wherein banks, financial associations, trade associations along the Korea Trade Network (KTNet), specializing in automated trade processes would form the core group.The report also notes that one of the objectives of the program is to facilitate foreign exchange payments focused on the blockchain.

It intends to combine seven banks to create the network by December 2019.The u-Trade-Hub 2.0 initiative(UHT 2.0) is another element of the plan for using blockchain.

It will take advantage of the technologies to integrate data on exports, foreign investment and multinational ventures which businesses wish to gain exposure to extend their reach internationally.Blockchain is an area with tremendous global interest in trade finance, and substantial improvement seems to have already been accomplished.

Voltron placed out several major finance organizations of the world, China Construction Bank says that its blockchain trade finance network already is handling huge volumes, while UBS partnered with we.trade live this month.HSBC at the start of this year mentioned that it was looking for partnering with local Korean banks in order to develop their blockchain trade finance activities.

German airline Hahn Air issues the first blockchain-based air ticket which is enabled by blockchain technology.

Hahn Air is in partnership with Winding Tree, an open-source travel distribution platform.The first flight with blockchain-based air tickets flew from Dusseldorf to Luxembourg on Monday.

Jörg Troester, head of the corporate strategy and government & industry affairs, Hahn Air, quoted “for us, it is important to look into the future to understand how can we make distribution faster.”According to the blockchain training institute, the airline is analyzing how the process worked and will be implementing the same for future flights.

Also, it will take measures to commercialize the blockchain-based tickets.The Winding Tree Platform enables the airways to list the inventory, manage reservations, and to receive payments.

The airline accepts all forms of payments including credit cards, cash, online payments, cryptocurrencies including bitcoin, ether, etc.Pedro Anderson, Winding Tree’s chief operating officer and co-founder quoted, "one of the things that we are working on our side is the challenge that comes up when you create an open marketplace, how to ensure that anybody who gets access, whatever you’re selling or buying, that the business on the other side is of good standing.

"Winding Tree is a blockchain-based travel distribution platform.

Blockchain Training Institute: China's new agency, Xinhua, published a front-page article that says Bitcoin is the first successful application of blockchain technology.

It seems like China has embraced blockchain technology.

There is speculation that China would lift the ban over Bitcoin trading that was imposed in September 2017.

Last week China removed 'Bitcoin mining' from the list of negative economic activities.

Despite the positive headline, the article continues explaining the negative side of cryptocurrencies.

It also alleges that Bitcoin has its uses in money laundering.

Blockchain Training Institute: Bitcoin mining giant Bitmain’s co-founder Micree Zhan, says he is going take legal action to make his return to Bitmain.

However, he was removed from the company a week ago.

Jihan Wu, co-founder of Bitmain addressed his staff and conveyed a message saying that Micree Zhan was dismissed from all roles.

Also, he added that employees are prohibited from engaging with him.There was a struggle between the two to have powers which ended in the removal of Micree Zhan.

Zhan remained silent until Wednesday by not address any media questions.

Later on Wednesday, he posted on his WeChat saying he did not have prior information about the removal from roles and he would take legal actions to get back to the firm.“I have never thought that as a person focusing on technology and product, I have to start thinking from legal perspectives.

Blockchain Training Institute: Klaytn, the leading South Korean blockchain company announced that Binance, the cryptocurrency exchange, has joined its Governance Council.

Binance joins Kakao's Klaytn on its Global Blockchain Council.The firms have joined hands to serve the larger mission of advancing blockchain and freedom from money.The company also plans to work on the development and implementation of Klaytn-based applications to their existing services.Along with Binance, 24 other companies have joined the Klaytn Governance Council.

Some of them are: LG ElectronicsUnion Bank of the PhilippinesCelltrionAhnLabYeahmobiWei Zhou, the CFO of Binance said:"Ground X and it's public blockchain project Klaytn share a mutual vision with Binance in fostering and stimulating sustainable growth in the industry and to bring meaningful use cases.

We are excited to join the Klaytn Governance Council and to work with other key partners like LG Electronics and Kakao, who are the most innovative companies, Asia, to foster the growth of the global blockchain ecosystem in this joint and open effort.

"Klaytn has collaborated in various industries with a total of 47 service partners.Dozen of their partners have already introduced blockchain services, while others are planning to launch by the end of this year.With users from more than 200 countries and regions, the Binance Exchange is the worldwide leader in trading volume for a crypto-currency exchange.Klaytn is a public blockchain platform developed by the leading South Korean Internet company's blockchain subsidiary, Ground X, Kakao.Earlier this year, the firm network received almost $300 million in two separate Initial Coin Offerings (ICO).