Delaware has recently awarded a single bid contract to IBM in order to build a prototype for a blockchain-based corporate filing system for the state. The news comes from the portal delawareonline.com.
In it, Delaware’s corporate franchise business is described as contributing more than 25% of the state’s revenue. However, many blockchain advocates claim that the technology’s safety will enable the state to levy higher document filing fees – potentially surpassing many other states in the business registration activity.
In such case, blockchain could free up billions of dollars by simply speeding up the asset exchange, removing technical procedures and curtailing the business risk. The new contract which is worth $738,000 will give IBM the chance for a future full-scale system of this kind. Moreover, the company will test a computer code for a prototype for a future contract of such a system.
The deputy secretary of state, Kristopher Knight, is now optimistic when it comes to this system. He compared IBM’s role to that of an architect creating a skyscraper design before it is constructed, linking to the value of this blockchain prototype.
Delaware as a state, on the other hand, was able to provide the contract without competitive bidding mostly because it was part of an existing consulting contract, according to state officials.
Knight also added that the contract is important to the state’s business and IBM as a blockchain technology leader. He concluded that governments historically introduce technology projects that double the estimated cost due to improper planning – and that Pennsylvania has seen “tons” of such projects in the past decades.
Telecom Giant AT&T Interested In A Blockchain-Based Social Media ‘Mapping’ System
“The social media history map platforms described herein may take advantage of the immutable and permanent nature of blockchain records to store, and provide access to, data representing online transactions that occur on multiple social media applications.”According to the filing, content creators would keep the ownership of their data on the "mapping" platform:
“However, instead of passing ownership of blocks or data between users, a social media account owner maintains primary ownership of his or her online transaction data. What passes from the social media account owner to other users of the social media history map service, such as followers of the social media account owner, is a notion of elevated visibility rights.”This is just one more patent application in the series that were submitted by companies such as Xerox, American Express, IBM and others - and a new milestone for AT&T overlooking its expansion in the field of blockchain.
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TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week. We have seen significant increases in both indexes […]”One of the most interesting projects built on Tron is Seedit which is a decentralized platform that lets users contribute funds to the content creators that they most appreciate. Project Atlas is also a well-known project which incentivizes people to seed content on the BitTorrent protocol, which was acquired by Tron back in July this year.
LinkedIn’s Largest Growing Job Sector Is Blockchain Development
“It’s no surprise that we’re seeing an explosion of machine learning roles and continuing growth of data science roles. In fact, we started to see glimmers of this in last year’s report; however, both fields are starting to see more specialized roles emerge. It also may not shock you that Blockchain Developer is topping the list following this year’s surge in interest around blockchain and cryptocurrency.”The great news for all of the people interested in a career in this sector is that there are plenty of universities now that adopt blockchain-related courses which help to boost the blockchain expertise in the following years.
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- Telecom Giant AT&T Interested In A Blockchain-Based Social Media ‘Mapping’ System
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