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Punishment for mining at work, Seagate and IBM, Eric Schmidt

11/09/2018
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The director of the Chinese school was engaged in mining in a dormitory, Seagate and IBM will use the blockchain to control deliveries. The former head of Google talks about cryptocurrencies and blockchain.

Users got involved in mining in the workplace.

The director of one of the Chinese schools lost his job after his scam with mining cryptocurrency revealed. He set up a farm in the student dormitory with a total cost of $ 7,000, which caused the state almost $ 2,500 damage. The trial began after the electricity bills in a public institution doubled.

This is not the first and not the only precedent of attempts at mining in the workplace. The most scandalous at the moment was a case when an employee of the Federal Reserve System tried to create a farm on the regulator's server. The analyst Mark Bialek has been extracting cryptocurrency for two years. After the exposure, he was sentenced to a probation year and paid a fine of $ 5,000. Nothing is reported about the amount of the coins he mined, they remained the property of the criminal.

Users got involved in mining in the workplace

Seagate and IBM use blockchain

In the framework of the cooperation of two giants, Seagate and IBM, it was decided to use the blockchain when tracking the supply of information storage devices. Now every hard drive coming off the Seagate pipeline will be registered on the IBM Blockchain platform.

There are a large number of intermediaries in the supply chain, and end users are not always sure about the quality of the products. Now they will be able to track the history of production and movement of their devices, thus avoiding purchases of counterfeit and fake hard drives. This will not only provide a guarantee of reliability, but also remove unscrupulous intermediaries from the market.

Seagate and IBM use blockchain

Eric Schmidt sees the potential of Ethereum

Billionaire and former head of Google Corporation Eric Schmidt is confident in the great future of the platform ethereum. In his interview, he noted that far from all the potential of opportunities was revealed.

The billionaire hopes that during the optimization of the platform, its developers will be able to find a way of global synchronization. At the same time, he admitted that from the point of view of public opinion, the blockchain is too overvalued. At the same time, its technical potential is much higher than it seems at the moment. An interesting fact is that Google has a positive attitude towards cryptocurrency. Recently it was reported that even the son of Sergey Brin is engaged in mining of digital money.

Read more about future of blockchain here

Eric Schmidt sees the potential of Ethereum

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