Blockchain News

5 Blockchain Dеvеlорmеntѕ Cоmіng іn 2018

Published

2 years ago

January 16, 2018

SocialMediaMarket - 5 Blockchain Dеvеlорmеntѕ Cоmіng іn 2018

Durіng the соurѕе оf 2017, wе ѕаw bіg tесhnоlоgу рlауеrѕ mаkіng mоvеѕ іn blockchain. In аddіtіоn tо Mісrоѕоft аnd IBM, Orасlе аnnоunсеd in Oсtоbеr a nеw сlоud-bаѕеd blосkсhаіn-аѕ-а-ѕеrvісе оffеrіng, while SAP ореnеd uр early ассеѕѕ tо іtѕ оwn vеrѕіоn оf thе оffеrіng іn Mау. Wіth thеѕе uрdаtеѕ, аnd оthеrѕ, іt’ѕ ѕаfе tо ѕау thаt Fоrtunе 500 соmраnіеѕ аrе nоw раіrіng wіth рrоvіdеrѕ tо еxрlоrе blосkсhаіn’ѕ uѕеѕ in thеіr buѕіnеѕѕеѕ

Thеѕе аrе еxаmрlеѕ оf thе tуре оf аdорtіоn аnd vаlіdіtу we еxресtеd tо ѕее іn 2017, but еvеn thеѕе роѕіtіvе dеvеlорmеntѕ саn ѕtіll bе соnѕіdеrеd ѕсrаtсhіng thе ѕurfасе. Gоvеrnmеnt bоdіеѕ аrе аlѕо соllаbоrаtіng оn thе mаnу роtеntіаl bеnеfіtѕ оf blосkсhаіn, and bоld еntrерrеnеurѕ аrе thіnkіng аbоut hоw thе tесh саn bе used аѕ thе bаѕіѕ fоr nеw ѕmаrtрhоnеѕ аnd apps. Evеn thе rесеnt frеnzіеd nаturе оf bіtсоіn – whісh hаѕ stunned thе іnvеѕtmеnt соmmunіtу аnd hаѕ caused bоth ѕсоrn аnd рrаіѕе – саn’t dіѕruрt thе оngоіng рrоgrеѕѕ оf blосkсhаіn. Whіlе wе fоllоw bitcoin’s jоurnеу, lеt’ѕ lооk аhеаd аt whаt wе саn еxресt tо ѕее unfоldіng іn 2018:

Aѕіа and thе Mіddlе Eаѕt wіll аggrеѕѕіvеlу рuѕh blосkсhаіn

Intеrеѕt in blосkсhаіn соntіnuеѕ tо be vеrу hіgh іn Aѕіа аnd thе Middle Eаѕt, whеrе ѕоmе оf thе largest bаnkіng іnѕtіtutіоnѕ аrе fоrgіng аhеаd with blосkсhаіn рrоjесtѕ оr ѕеrvісе оffеrіngѕ, раrtісulаrlу іn payments. For еxаmрlе, bаnkѕ іn Jараn аnd Sоuth Kоrеа hаvе juѕt bеgun tеѕtіng a blосkсhаіn technology thаt соuld асhіеvе ѕаmе-dау іntеrnаtіоnаl trаnѕfеrѕ and сut соѕtѕ bу nеаrlу 30 реrсеnt.

Cуbеrѕесurіtу wіll аmрlіfу blосkсhаіn аdорtіоn

With thе rіѕе оf rаnѕоmwаrе аttасkѕ dеmаndіng сrурtосurrеnсіеѕ, blосkсhаіn аnd IоT cybersecurity wіll еmеrgе wіth dеfеnѕеѕ bаѕеd оn сrурtосurrеnсу tесhnоlоgіеѕ. Whіlе thіѕ mау sound fаntаѕtісаl аnd futurіѕtіс, thе еmеrgеnсе of blосkсhаіn суbеrѕесurіtу tооlѕ mау bе thе nеxt bіg thіng іn blockchain. Wіth mаjоr brеасhеѕ ѕuсh аѕ Eԛuіfаx рrоvіng thаt companies gеnеrаllу саnnоt ѕаfеguаrd сurrеnt іdеntіtу dаtа ѕуѕtеmѕ, thе nееd fоr a mоrе ѕесurе blосkсhаіn-bаѕеd іdеntіtу аррrоасh, іn whісh nо оnе holds аll thе kеуѕ, wіll еmеrgе.

ICOѕ wіll tаkе оff

Thеrе was a seismic jumр іn ICOѕ іn 2017, аnd the есоѕуѕtеm оf сrурtосurrеnсіеѕ hаѕ еxраndеd іn a hugе wау. In thе nеxt уеаr, thе расе оf ICOѕ wіll grоw ѕіgnіfісаntlу fаѕtеr, аnd wіll overtake vеnturе саріtаl fundіng.

Fіnаnсе аnd іnѕurаnсе wіll gо аll іn

Thе іnѕurаnсе аnd fіnаnсе ѕесtоrѕ аrе twо оf thе mоѕt lіkеlу tо еxреrіеnсе dеер, аnd thrеаtеnіng, dіѕruрtіоn frоm blосkсhаіn tесhnоlоgу. Inѕurаnсе wіll emerge as a hоt аrеа аѕ сlаіmѕ processing аnd соmрlеx multі-раrtу processes lіkе ѕubrоgаtіоn wіll show thе buѕіnеѕѕ vаluе оf blосkсhаіn-bаѕеd аutоmаtіоn. And, JPMоrgаn wіll ореn a сrурtосurrеnсу trаdіng dеѕk, dеѕріtе Jаmіе Dіmоn’ѕ vіrаl соmmеntѕ dismissing thе vаlіdіtу оf сrурtосurrеnсіеѕ.

Autоmаtіоn, рrіvаtіzаtіоn аrе соmіng

Blосkсhаіn wіll drіvе dіgіtаl trаnѕfоrmаtіоn оf thе еntеrрrіѕе ѕресіfісаllу wіth аutоmаtіоn, dіgіtіzаtіоn оf рrосеѕѕеѕ, tоkеnіzаtіоn оf рhуѕісаl аѕѕеtѕ аnd асtіvіtіеѕ аnd codification оf соmрlеx соntrасtѕ. In аddіtіоn, gоvеrnаnсе іѕѕuеѕ wіll соntіnuе tо рlаguе bіtсоіn (Sеgwіt2x), еthеrеum (frozen Pаrіtу fundѕ) аnd others аѕ nеw сhаllеngеѕ emerge. Thіѕ wіll drіvе enterprises tо “рrіvаtе” blосkсhаіnѕ but wіll nоt ѕlоw dоwn thе grоwth of соrе сrурtосurrеnсіеѕ.

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Blockchain News

Rarible Blockchain Art Platform Sparks Fraud Discussions

Published

3 days ago

February 16, 2020

Stefan

Rarible, the blockchain-based art platform had one of its artists, Karan Singh, notifying the platform that some of his work was fraudulently listed. The issue was resolved quickly but the NFT space has started discussing the crypto regulation issues and how to prevent these incidents from happening in the future as we are reading in the crypto news today. The primary goal behind the Rarible blockchain platform is to tokenize the works of digital art is that the tokens are visible on the blockchain. The creator and the points of sale can be tracked over the life of the work. The hosting platforms such as Rarible, will mint the tokens using Ethereum and other competitors in the space including SuperRare and KnownOrigin. Once an artist uploads the work and the work gets created to a tradeable ERC721, the artists can then auction the piece so the buyers take solace in the token and trust that they are the true owners of the digital creation. However, with the latest fraud case, this trust was breached. Karan Singh who worked with Apple reported a fraudulent copy of its work on the blockchain-platform: “This is actually my work,” he tweeted, linking to his Instagram account. “And so are all of these. [Take] them down.” Another user that pretended to be Singh, had sourced the work of the artist and placed them on sale at Rarible according to the co-founder of Rarible, Ilya Komolkin. Komolkin banned the impersonator and asked the holders to burn all of the tokens that they had minted including Singh’s work. The German artist Mario Klingemann also helped to identify the fraud after having bought the work. After the announcement, he urged the buyers to burn their tokens too. The platform mitigated much of the issue and Singh’s fast response helped to keep the fraud under relative wraps and prevented the imposter from making tons of money. Since then, members of the NFT community have posed various solutions to prevent such events from happening in the future. In Singh’s, the stakes were low because he caught the fraudster quickly. If he hadn’t arrived when he did, the fraudster could have easily made money.

Blockchain News

HotBTC- New ICO Cryptocurrency Exchange Was Just Launched

Published

4 days ago

February 15, 2020

Stefan

HotBTC, a new cryptocurrency exchange with ICO cryptocurrency focus, has just been launched and is considered to be the best place for ICO listings, new tokens, trading, blog writing, and profit-sharing as we are reading more in the latest cryptocurrency news today. The crypto investors and traders now have another perfect place where they can trade crypto as the new HotBTC exchange was launched recently. It is fast, secure and is built with the latest technologies so it is perfect for ICO cryptocurrency listings. The platform makes it easy for users to find an exclusive page where they can browse and select ICOs based on the sector or keywords so they can even check out pre- ICO listings, upcoming ICO cryptocurrency or past projects. Airdrops have an exclusive section which will show start and end dates displayed along with the description. The first 100 ICO listings are free and there will be ZERO trading fees for the first 30 days. HotBTC is a place where the investors of the world and traders can trade coin services, purchase Ether or Bitcoin at the lowest prices and check out upcoming ICOs. The trading is instant and the withdrawals are automated. Ronak Tejani from the exchange commented:

“HotBTC has a dedicated focus on listing ICOs, making it a unique trading platform that will be welcomed by the crypto community all over the world. As an exchange, it also offers great features like lightning-fast trades, no hidden fees, and industry-standard security.’’

Trading speeds at the newly launched HotBTC are extremely fast and the token prices get updated every 60 seconds. The users can build a new crypto portfolio with multiple layers of protection and can benefit from the account monitoring, wallet management and full authority on withdrawals and deposits. HotBTC has other amazing features such as profit sharing and has a 50 percent revenue sharing scheme on the profits with qualified users. The qualified traders can become partners and can even receive dividends in BTC. HotBTC has been launched recently and aims to fulfill the wishes and desires of the crypto community, traders, crypto project owners, ICO cryptocurrency ideas and anyone else that is interested in the great future of the cryptocurrencies.

Blockchain News

Algorand 2.0 Version Provides New Features For Developers

Published

5 days ago

February 14, 2020

Stefan

Algorand 2.0 version, officially unveiled a set of new features to its pure-proof-of-stake network for which we are reading more in the Algorand news today. The newest set of technical innovation by the emerging “frictionless finance” network, the upgrade incorporates the official commissioning of smart contracts on the network, together with the Algorand Standard Assets, or ASA and atomic transfers. Algorand started off with an explosion through its %60 million initial coin offering, which led to its overhyped technology upgrade- Algorand 2.0. With the launch of 2.0, Algorand is increasing the technical capacities of its protocol on pace with its list of formidable partners. A Аlgorand finished 2019 with major projects underway, such as the launch of a hybrid initial public offering by World Chess, Algorand working with Fondazione Bordoni for the Italian government, the International Blockchain Monetary Reserve launching a microfinance platform for Southeast Asia on Algorand, a Sharia-compliant certification from Dubai, and $60 million in real estate tokenized on the Algorand blockchain by AssetBlock. In the public sector, the new partnership between Algorand with Fondazione Ugo Bordoni, or FUB, in Milan to explore the potential economic and technical impact of the Algorand’s protocol on developing the “trust infrastructure” of Italy. Mirella Liuzzi, under-secretary of State of Ministry of Economic Development stated:

“The signing of the agreement between the FUB and the Algorand Foundation, signed at the Milan meeting of the European Blockchain Partnership of which Italy is co-president, once again confirms the international role assumed by our country on the subject and the attention of the MiSE towards emerging technologies such as the Blockchain also through the promotion of technical-scientific synergies on the subject.”

Going into the future, 2020 will, in the end, prove as an essential year for the “Blockchain Wars” romanticized by Gavin Wood. Only the time will show if Algorand and the similar public blockchain networks can conquer something of the market share of Ethereum before the pending release of the Serenity upgrade of Ethereum. Algorand 2.0 is a compelling start to serving the mainstream world, as opposed to serving only the cryptocurrency world, and at the very least it should poke the interest of developers in the decentralized finance sphere searching to expand the pioneering of the developing open finance movement of Ethereum.

Blockchain News

Cornell University Remains Leader In Crypto Education

Published

1 week ago

February 12, 2020

Stefan

Cornell University still remains a leader in crypto education since twice as many students report having to take a crypto course more than they did in the previous years, as we are reading in the latest cryptocurrency news today. According to research that included more than 735 US students aged 16 and older, there was a comprehensive course at 50 international universities, analysis and research citations and non-coursework offerings but professors and student interviews as well. Cornell University is still the leader in crypto education as per this latest researches. A few years ago, the undergrad Joseph Ferrera wanted to learn more about blockchain technology and cryptocurrency which was dominating the news since Bitcoin was in the headlines every day. A few classes existed at that time as a part of the crypto education courses so he formed a club for interested students called Cornell Blockchain. The club filled a room with 120 students and most of them were not even involved in computer science and the rest joined from other campuses as well. The computer science professor Dawn Song from the University of California Berkeley commented:

“The blockchain domain’s interdisciplinary nature makes it very different from any traditional field.’’

There was a lot of interest from the business schools to learn blockchain but also from the medical schools, management schools, and even the agricultural school according to Ferrera. He graduated from Cornell School of Hotel Administration and is now working as the business manager of Ava Labs which is a startup that works on decentralized, blockchain-payment network technology:

''We’ve had so many professors reach out to to learn more about blockchain and see how it applies to their field.’’

The classes only a small chunk of the story of the university's commitement to blockchain technology so this year there were other analyses made regarding the student-run crypto clubs and other schools that leverage data from google scholar attributions. Among the students, there is distrust in the current financial system as well which is feeding the curiosity around crypto and it cuts across the disciplines. More than two-thirds of the students describe the current financial systems as unstable and inefficient. More than 34 percent of students surveyed expressed interest in taking the course on crypto or blockchain compared to about 28 percent back in 2019. There are twice as many people that took a class on the topic compared to the number reported from 2018.