IBM’s head of blockchain Jesse Lund officially left the company after he previously predicted that the price for the number one asset could hit $1 million during our lifetime. In the latest cryptocurrency news below we read more about the reasons, he left the company.
Lund previously gave predictions about the price of the asset citing the growth and scarcity of interest in the space. He also noted previously that he is very optimistic about blockchain as a payments platform. Lund helped to create the IBM World Wire platform with the help of Stellar which made many in in-roads with some of the major banks across the world. He stated:
“Yes, I’ve left IBM but am still optimistic about payments innovation using Blockchain.”
IBM is one of the companies that are working on cross-border payment solutions for financial institutions including banks. IBM’s head of blockchain has been a part of R3 which is a consortium of banks including Wells Fargo where he previously worked. However, nor Lund nor IBM gave an explanation about the decision to leave the company.
A few weeks ago, Lund commented on an article about JPMorgan Chase and the partnership with Microsoft saying:
“Great to see more major players piling on this use case as we approach the tipping point of transforming global financial services. What’s next is an extended solution to bring open fungibility of liquidity and FX across major banking institutions… I wonder if any other big players are working toward that(?!)!”
His position at IBM is the last you can read on his LinkedIn profile indicating that he hasn’t started a new job to another blockchain company.
As reported in the altcoin news previously, another IBM executive, the chief of blockchain division Jerry Cuomo is the only one of the blockchain department still in the company. Cuomo invented the ‘’someone is typing’’ technology which is used in the most of smartphone applications.
“Jerry holds the prestigious title of IBM Fellow, which is the highest technical position at IBM, pioneering emerging technology projects in the areas of Blockchain, API Economy, Mobile computing, Cloud computing, Web Application Servers, Integration Software, Java, Instant Messaging Software, filling over 65 US patents across these areas.’’
The German Government Establishes A Sound Blockchain Strategy
“The young and innovative blockchain ecosystem in Germany should be preserved and continue to grow. Germany should be an attractive location for the development of blockchain applications and investments in their scaling. At the same time, large companies, small and medium-sized enterprises and startups, as well as the public sector, countries, civil society organizations, and citizens should be enabled to make informed decisions about the use of technology.”In order to achieve its newly outlined blockchain goals, the German government said that one effort that it wants to undertake is devising an “investment and growth-oriented regulatory framework” geared to the domestic crypto economy. This way, the markets could “work without state intervention and the principle of sustainability is guaranteed.” Furthermore, the ministries noted that they were going to take a multi-pronged approach towards becoming a blockchain hub. As many best cryptocurrency news sites noted, Germany is looking to promote entrepreneurs, encourage investments, guarantee stability, enable fair competition, support stakeholders and foster international cooperation in the attempt to bring blockchain to the masses. All of these goals were created through consultations with officials of the German government - and more than 150 crypto economy stakeholders over the past few months. The task at hand is now putting everything into action.
“At the European and international level, the Federal Government will work to ensure that stablecoins do not become an alternative to state currencies,” the strategy document read.The grand question for now is whether other smaller European countries will follow Germany's (and France's) lead in taking a strict stance towards blockchain innovation.
CJ Korea Develops A Blockchain-Based Music Copyright System
“It is very important to have a system that guarantees fairness and transparency among copyright stakeholders,” said Kim Eung-do, the director of the DT Convergence Research Institute at CJ OliveNetworks in a report which was published in the business outlet Hankyung.As he also noted, “the blockchain-based copyright management system will greatly contribute to improving the copyright management process.” Meanwhile, CJ Korea is South Korea's 14 largest conglomerate and has 31 trillion won ($25.9 billion) in assets as the latest Fair Trade Commission data report shows. The business lines include everything from food and beverage to logistics, beauty stores, IT, entertainment and a cinema chain. On the other hand, the latest cryptocurrency news show that CJ OliveNetworks operates OliveYoung, who is one of the country's K-beauty leaders. He has an IT division doing everything from Internet of Things (IoT) to cloud computing to Big Data. However, a decision was announced in April to split the two and transfer the IT division to CJ Korea Corp. Meanwhile, Amazon Web Services (AWS) became available in Korea in 2016. 2019 was the year when it started offering the Managed Blockchain to the public, following the introduction of the service back in 2018. So far, AT&T, Nestle and Accenture are among the respected clients of the service.
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