Dominik Schiener’s IOTA Foundation has developed a brand new cryptocurrency, hoping to revolutionize the machine-to-machine economy. So soon our fridges could be autonomously ordering and paying for food.
The German capital is fast becoming a major center for the development of cryptocurrency systems. The Longhash Crypto Festival held in the city brought together participants from across the world.
The best-known cryptocurrency, Bitcoin, has been around for 10 years and its history so far has been one of ups and downs. The financial world is still split down the middle over the future of the virtual currency.
Some of the world's biggest auto companies have teamed up with tech providers and startups to form a consortium aimed at developing automotive uses for blockchain, the database technology known from cryptocurrencies.
After all, it's better to play it safe. As it becomes a global tech power, China is investing in technologies that have pitfalls, including blockchain technology, says DW's Frank Sieren.
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