Imagine
Proof of Xerox? Copier Giant Pursues Blockchain Time-Stamping Strategy | CoinDesk
… the U.S. Patent and Trademark Office (USPTO) published a new patent filed by Xerox in which it outlines a method by which a blockchain (either a public option or a permissioned alternative) could be used to tie types of data (naming images and video as examples) to a certain period in time.
Source: Proof of Xerox? Copier Giant Pursues Blockchain Time-Stamping Strategy | CoinDesk
Read MoreBalaji Srinivasan, 21.co: Interview on blockchain
Anything scarce will ultimately be tokenized, because the benefits of digitization and increased liquidity are so great. That means cash, stocks, bonds, commodities, houses, cars, digital goods of every kind, and perhaps human time as well in the form of the personal token described…
Source: Balaji Srinivasan, 21.co: Interview on blockchain
Read MoreHow Will The Blockchain Change Venture Capital Investing?
A few months later into 2017 came a very informative article from Richard Kastelein going into detail on why VCs should care about initial coin offerings. Although it raised several important points, two jumped out at me: 1) ICOs could mean the liquidation of a significant portion of venture capital investing allowing for the democratisation of the space in a way that equity crowdfunding hasn’t quite done so yet, and 2) the return on investment is significantly higher. Hence, if adopted en masse, swathes of
Personally, I think that the intersection of VC and blockchain technology will result in the coming-of-age of liquid equity-style crowdfunding for blockchain innovations at the protocol level — this is being kicked off by projects like Ethereum, Tezos, Cosmos and Filecoin amongst others, and funds like Polychain. I’m completely sold on the idea that altcoins are here to stay and VC needs to get ready for it, but it’s important to remember that despite all the hype there is still a lot of noise around these tokens and many people still don’t understand what they are, how they work and why they have intrinsic value.
Source: How Will The Blockchain Change Venture Capital Investing?
Read MoreCryptocurrency craze | CBC Business News
Louis Morisset, chair, Canadian Securities Administrators, on why regulators are looking at a new fundraising model that involves virtual money
Source: Cryptocurrency craze | CBC Business News
Thanks Sean!
Read MoreThe centre cannot hold: The shift towards decentralized systems | BetaKit
The online content economy is also in disarray right now. Fake news and anonymous trolls are bringing out the worst in people, allowing them the megaphone of the internet without the social (trust) constructs from real life. This is because the internet grew before there were any strong trust frameworks that could be applied — it shows the danger of a decentralized system without appropriate trust and reputation systems.It may take significant time to rebuild a healthy interaction space, but there seems to be more room for improvement than there is for further degradation. Frameworks for reputation-based pseudo anonymous systems are now maturing and leveraging technologies such as blockchain to find the right balance between anonymity, reputation and accountability.
Now, or soon, many industries will be at the pivot point. This is due to software, blockchains, AI, robotics and other technological progress which now allows for trusted decentralized systems that are also highly efficient. More decentralized models will become just as efficient — and perhaps more efficient — than their current centralized counterparts.
This means that new markets will be attacked from different positions on the System of Control spectrum. Highly decentralized or lightly decentralized, a new breed of companies will threaten existing business models and customer motivation, as much as they will their technology and product. Even more middle men will be cut out, as decentralized entities rethink where the value in the system truly lies.
Thanks Chris for the share.
Source: The centre cannot hold: The shift towards decentralized systems | BetaKit
Read MoreCongressional Candidate Accepts Bitcoin Donations for 2018 Election Cycle | Bitcoin News
The US Federal Elections Commission (FEC) gave approval for political candidates to accept bitcoin back in 2014. According to the rules, this is a kind of “in-kind” donation, and each donor has a $100 cap on what they can provide. Once the candidate accepts it, they have 10 days to sale the bitcoin and place the returns into their campaign fund. An official document went into more detail:
Source: Congressional Candidate Accepts Bitcoin Donations for 2018 Election Cycle | Bitcoin News
Read MoreEstonia could offer ‘estcoins’ to e-residents – e-Residency Blog | Medium
Ethereum founder Vitalik Buterin has a keen interest in Estonia’s development as a digital nation and has provided valuable feedback for the estcoin proposal.
He believes estcoins could be used to incentivise investors to support the success of a country in a way that is not currently possible through existing means of raising international finance.
“An ICO within the e-Residency ecosystem would create a strong incentive alignment between e-residents and this fund, and beyond the economic aspect makes the e-residents feel like more of a community since there are more things they can do together,” says Buterin.“Additionally if these estcoins are issued on top of a blockchain (they could possibly be issued in multiple formats at the same time, nothing wrong with this) then it would become easy and convenient to use them inside of smart contracts and other applications.”
Source: Estonia could offer ‘estcoins’ to e-residents – e-Residency Blog | Medium
Read MoreThe IRS Has Been Using Bitcoin Tracking Software Since 2015 | CoinDesk
The IRS states in the documentation that it’s using the software to “trace the movement of money through the bitcoin economy,” going on to explain:
“This is necessary to identify and obtain evidence on individuals using bitcoin to either launder money or conceal income as part of tax fraud or other Federal crimes.”
Source: The IRS Has Been Using Bitcoin Tracking Software Since 2015 – CoinDesk
Read MoreSuppliers and retailers will use blockchain to keep food fresh | Engadget
IBM has joined with a group of food supply companies and retailers to use the computing company’s blockchain tech to keep food fresh. Currently, it can take up to two weeks to track down the source of contaminated foodstuffs. But just like tracking cryptocurrency transactions all over the world, this consortium will harness IBM’s enterprise blockchain services to give its members access to a constantly-updating ledger of food, from source to store.
2:05 We believe that transparency is the
2:07 ultimate goal. Blockchain will give us the
2:09 ability to not only track where food
2:11 came from but how was it produced. Was it produced safely?
2:14 Was it produced responsibly? Is it
2:16 sustainably grown? How many dates of
2:18 shelf sites are left on that product? The
2:19 food system is a shared responsibility.
2:21 And for blockchain and traceability and
2:23 transparency
2:24 to work we need a lot of
2:25 people working together.
Source: Suppliers and retailers will use blockchain to keep food fresh | Engadget
Read MoreYes, you can now tip strippers with Bitcoin | Mashable
The lap dances are where it gets interesting. During the event, dancers will be wearing a strategically placed temporary tattoo with a QR code. If you want to tip a dancer, wave the phone over the tattoo, and voila, you’re doing Vegas, crypto-style.
Source: Yes, you can now tip strippers with Bitcoin
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