Obvious Bubble? SEC Committee Lashes Out at Bitcoin and ICOs – CoinDesk

“As somebody who’s been around financial bubbles a [long time], my ‘alarmo-meter’ is at DEFCON 5,” said Silvers. “My sense is that most of the conversation that goes on around this is essentially designed to obscure. [It] uses big ideas and technical jargon to evade fundamental questions that should be asked in this institution about any investment product.”

“These investments are seen as cutting-edge opportunities for individual investors, but these investments may not be suitable for all investors because they carry such significant risk,” said SEC Commissioner Kara Stein.

Stein continued, putting forth her opinion that blockchain technology has the potential to “revolutionize” securities trading and fundraising, but cautioned that clear regulatory oversight was needed to combat growing incidences of fraud.

Source: Obvious Bubble? SEC Committee Lashes Out at Bitcoin and ICOs – CoinDesk Aaron Stanley, October 16, 2017

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Cryptocurrencies Expected to Cause “Massive Disruption” – IMF Managing Director

The managing director of the International Monetary Fund (IMF), Christine Lagarde warned financial institutions that “we are about to see massive disruptions” as a result of cryptocurrency and distributed ledger technologies. The IMF head stressed the need for institutions and regulators to “adjust… to the impact of the combined breakthrough technologies that will impact markets.”

Source: Cryptocurrencies Expected to Cause “Massive Disruption” – IMF Managing Director

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What Your Innovation Process Should Look Like | HBR

When organizations lack a formal innovation pipeline process, project approvals tend to be based on who has the best demo or slides, or who lobbies the hardest. There is no burden on those who proposed a new idea or technology to talk to customers, build minimal viable products, test hypotheses or understand the barriers to deployment. And they count on well-intentioned, smart people sitting in a committee to decide which ideas are worth pursuing.

Instead, what organizations need is a self-regulating, evidence-based innovation pipeline. Instead of having a committee vet ideas, they need a process that operates with speed and urgency, and that helps innovators and other stakeholders to curate and prioritize problems, ideas, and technologies.

Source: What Your Innovation Process Should Look Like | HBR, Steve Blank, Pete Newell, September 11, 2017

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Exclusive: Royal Bank of Canada using blockchain for U.S./Canada payments – executive | Reuters

Although concerns remain about the legitimacy of bitcoin, which JP Morgan (JP.N) Chief Executive Jamie Dimon described as a fraud earlier this month, the credibility of the blockchain technology itself has increased.

A growing number of senior bankers have said they believe it will eventually revolutionize the way payments are made across the industry, reducing complexity and costs of back-office processes.

Source: Exclusive: Royal Bank of Canada using blockchain for U.S./Canada payments – executive, Matt Scuffham, September 27, 2017 / 6:44 PM

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Blockchain Could Help Us Reclaim Control of Our Personal Data | HBR

Equifax and others have shown the weakness of central databases in the hands of a single firm. Mutual distributed ledger systems have the potential to provide us with identity and activity management, even permitting us to make a market selling information about ourselves, taking control and cash back from companies like Equifax and Yahoo and giving it back to ourselves. There will certainly be mistakes along the way, but how can we truly object to reclaiming control of our most private property — our personal data?

Source: Blockchain Could Help Us Reclaim Control of Our Personal Data, Michael Mainelli, October 05, 2017

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The SAFT Project

A forum for the discussion of a compliant framework for token sales. The goal: To develop an industry standard that protects the interests of network creators, investors, and users.

Thanks Fred!

Source: The SAFT Project

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projecttransparency.org

Leading members of the blockchain and cryptocurrency industry unite to launch Project Transparency, a voluntary disclosure standard which aims to bring self governance and greater transparency for investors and the community.

Source: PROJECT TRANSPARENCY

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2017 SHAPE THE FUTURE Blockchain Global Summit

Starting from the concept of BTC in Satoshi Nakamoto’s paper in 2008, now BTC has already evolved into a 40-billion-USD digital asset. What happened to BTC in its 9 years’ development? And what role does China play in BTC industry?

In order to keep a detailed record of the growth of this industry, BITKAN chose to be the narrator this time, together with other outstanding Chinese BTC companies such as Bitmain, Huobi, Bixin, ViaBTC and renowned BTC professionals and investors, telling the story of BTC’s development through a documentary. Just to show the most real situation of this industry and share the interviewees’ unique options.

Source: 2017 SHAPE THE FUTURE Blockchain Global Summit, Sep 20, 2017

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The Blockchain Research Institute Manifesto: Realizing the new promise of the digital economy | Don Tapscott | Pulse | LinkedIn

The new paradigm is calling forth a new generation of leaders. Leadership for this distributed future is and will come from everywhere – in organizations, industries, our economies and society. Leadership is an opportunity for each of us.  

Source: The Blockchain Research Institute Manifesto: Realizing the new promise of the digital economy | Don Tapscott | Pulse | LinkedIn

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