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Thailand is Going to Establish Blockchain Market in the Country

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World Blockchain Summit regarding the utilization of blockchain was held on December 2, 2019, in Thailand. The government of Thailand is planning to establish blockchain in the country.

The cryptocurrency and blockchain commerce is on a rise in recent years. Many countries like Switzerland, Hong Kong, and Singapore are playing an important role in the successful story of crypto development. Southeast Asia is currently experiencing progress in economies that is causing the emergence procedure of blockchain. Thailand is one of the countries on the list that is going to utilize blockchain in the country.

According to a report published on InvestoTrend, earlier meetings regarding blockchain utilization were held in the year 2017. A large amount of money was capitalized in blockchain but this investment increased virtual threats and scandals.

90% of the projects were stopped from providing relief to the depositors. The remaining projects were used to enhance the blockchain and a significant amount of money was received from the investors and resources. There are many reports pointing out that blockchain may experience massive recognition in the next three to five years.

Thailand passed a virtual asset regulation in May 2018 through a royal verdict. The Securities and Exchange Commission of Thailand has also changed digital asset regulation to improve the development of cryptocurrency. But the country has not seen a lot of firms coming to get ratified and begin the operations.

The government of Thailand will use recent technology to create extra energy that will permit adding unused power to companies.

From television to the internet platform, Jonathan switched his journey in digital media with Bigtime Daily. He served as a journalist for popular news channels and currently contributes his experience for Bigtime Daily by writing about the tech domain.

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Government of Nunavut has Confirmed Data Recovery from its Computer Systems After Ransomware Attack

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The Government of Nunavut has announced that data from its computer systems have been recovered. Earlier a ransomware attack had shut down most of the government’s workstations and servers. This is good news because the government’s computers were inaccessible since the November 2 cyberattack. After the data recovery of the computer systems, now voicemail for territorial government offices is working again smoothly. The most recent backups of the computer systems are from October 31.

The government of Nunavut has said in a statement on November 12 that information division is working continuously with departmental IT teams to restore the recovered data and bring all the systems back online. The government has also said that it will give priority to data restoration for the department of Health, Family Services, Education, Justice, and Finance. The computer systems of the government were attacked with powerful ransomware that blocked access to the computer systems by encrypting their data.

Cyber attackers were asking to pay a ransom to unlock the data. In this case, the ransomware encrypted the individual files across the government’s servers and workstation. And to recover that, government used various alternatives like R-Undelete to restore the lost data on the computer system after a ransomware attack was healed.

The government collected and reformatted all the computers and returned them within 24 hours. A reconfiguring process was carried out on all the desktop computers. They are now labeled and categorized. How many computer systems were affected by ransomware attacks is not confirmed yet. Community and Government Services Department are working on a solution to find optimal recovery time.

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