A Nevada-based Chinese investment company has its sights set on redesigning a 55,000-square-foot U.S. Department of Defense data center into a new cryptocurrency mining center that will, once completed, contain approximately 1,300 mining machines for a variety of cryptocurrencies including Bitcoin and Zcash. The data center is ideal given the security and power requirements of crypto-mining enterprises, and can be upgraded to increase the number of mining machines required for the company's operations.
Across the Pacific, Australia's New South Wales government recently announced a partnership with an Australian IT firm to conduct a pilot project that will store and authenticate driver's license data for approximately 140,000 license holders in the state. A formal launch of the program is set for 2019, and the New South Wales government hopes to eliminate the need for its residents to carry physical licenses; the program is in line with Australia's Digital Economy Initiative promoting the widespread adoption and use of blockchain in the country. Similarly, an Icelandic automatic identity verification company last week announced the launch of a new blockchain-based identity management solution aimed at combatting the problems presented by internet "trolls" – internet users commonly associated with bullying and harassing behavior online. The new technology seeks to ensure that once trolls are banned from a particular platform, they will not be able to re-register a new account or re-enter the platform.
This week also saw new developments in blockchain solutions for the food supply chain, with a new food supply chain startup, Ripe Technology, raising nearly $2.4 million in seed funding. The startup aims to bring innovation to the food supply chain by using blockchain to increase traceability and transparency between farmers, distributors, grocers and other major stakeholders in the food industry.
For more about blockchain and current enterprise-related uses, please see the following:
- US Defense Department Facility to be Transformed Into Cryptocurrency Mining Farm
- Australian State Pilot Puts Drivers Licenses on Blockchain
- Sydney Motorists to Trial Digital Licenses
- Authenteq Launches Blockchain Identity Verification to Stop Online Trolls
- Food Supply Chain Startup Raises $2.4 Million
- Maersk Leads Blockchain Food Supply Startup to $2.4 Million
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.