The latest news around blockchain on our DC Forecasts crypto news site show that a blockchain company based in Korea believes that it has found what it takes to revolutionize the technology behind blockchain – and introduce even quicker paces to the way that transactions are being carried out.
First reported by the local news outlet Joongnag Daily, the blockchain firm SymVerse was established in Korea earlier this year and even hosted an event and held a demonstration on Wednesday, November 28th 2018. The CEO of the company labels its platform as:
“the ideal network to operate decentralized applications. Our network is an all-in-one platform characterized by a multi-blockchain structure, which facilitates higher speeds and functions.”
Based on the report, the company’s blockchain platform can take care of transactions in a quicker way as it does not require smart contracts. The snail-slow speed at which blockchain processes transaction is currently seen as one of the major obstacles to its widespread adoption.
This is why SymVerse is seen as the new revolutionary, effective version of the blockchain technology that is looking to bring complete revolution to the technology, helping to bolster its effectiveness and appeal.
With signups from about 30 companies that will like to launch their applications on the network, the SymVerse network is already getting popular. Its unique identification system known as the ‘SymID’ as well as the potential improvements in speed have attracted many foreign investors.
According to a spokesman for the company:
“SymVerse is the only blockchain company in the world with a Nobel Prize laureate serving as an advisor. All our advisors are very active in providing us with their input on developing our network.”
It is expected that SymVerse’s operations will begin in the first quarter of 2019.
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.
Binance Labs Introduces Us To The ‘First Batch’ Of (Final) Blockchain Projects
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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