Posts Tagged ‘blockchain’
Cryptocurrency 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 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
Read MoreFormer Paypal COO Discusses Bitcoin and Cryptocurrency, Argues ICOs Are Threat to VCs
Former paypal COO, David Sacks, discussed bitcoin and cryptocurrency during a recent interview with CNBC. During the interview, Sacks articulated that bitcoin is fulfilling the vision for a digital payment network originally held by Paypal, and expressed his belief that cryptocurrencies pose a significant threat to the venture capital sector.
Source: Former Paypal COO Discusses Bitcoin and Cryptocurrency, Argues ICOs Are Threat to VCs
Read MoreIs Blockchain Technology the Biggest Disruption in Law? | Big Law Business
In the legal profession, quite a bit of time is spent researching and litigating whether a valid contract existed and, if it did, what the actual terms of the contract were. Traditionally stored on a single server with a single party having privileged control, most contracts are subject to questions of trust and the handling of the data. Blockchain – basically a distributed ledger, or list, of entries much like a stock ledger – breaks the information up into nodes across different servers and that can only be adjusted by an agreement of involved parties and, once updated, cannot be retroactively altered.
“Law and money have always evolved together. We are at a major change point of that evolution,” Alber added. “It seems probable that blockchain will become a basic infrastructure for process management inside law firms. It’s an important time and we should be paying attention to it.”
Source: Is Blockchain Technology the Biggest Disruption in Law? | Big Law Business
Read More99% of ICO’s are complete garbage and I will tell you why. | Ameer Rosic | Pulse | LinkedIn
ICO Formula. A simple three step check list for you to use.
#1 What is your Token Utility?
Ask yourself this questions. If you take away your token does your business fall apart? If the answer is no, then you don’t need a token.
…
#2. Cryptoeconomics
This ensures the security and usability of your token to be valid.
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#3 Security
At this stage, you become a red target for hackers to attack you and trust me they will. Every week people are getting hacked and millions are stolen.
Source: 99% of ICO’s are complete garbage and I will tell you why. | Ameer Rosic | Pulse | LinkedIn
Read MoreBlockchain is Eating Wall Street | Alex Tapscott | TEDxSanFrancisco – YouTube
Read MoreTrust is the expectation that the other party will abide by their commitments. That they will act with integrity. And it’s been very difficult to get people to do that. What if we could program that into the fabric of our economy? What if we had a new protocol, a trust protocol on top of which we could build any kind of business? So it’s an exciting time. One fraught with peril but also lots of possibilities. Because it appears that once again the technology genie has been unleashed from the bottle. Summoned by an unknown person or persons with unclear motives at a very uncertain time in history. This genie is once again at our disposal to broker, to fix a broken system and to transform the economic power grid and the old order of human affairs for the better if we will it.