Amy ter Haar talks to Drummond Reed about self-sovereign identity, how it works, and what it could mean for the future of law.
Source: MIT Legal Forum 2017: Deconstructing Self-Sovereign Identity – Legal Talk Network, November 20, 2017Read More
Japan is a tech-savvy nation whose elected officials have a better appreciation of the transformative power of emerging technologies than most. It follows that the more digitally-inclined countries should be among the first to embrace cryptocurrency. In Europe, Estonia, with its e-Residency digital passports, is another country that’s been positive towards cryptocurrency.
Source: Japan Teaches Western Governments a Lesson in Cryptocurrency Regulation – Bitcoin News, Kai Sedgwick, November 13, 2017Read More
Giving users a stake in their own data does much to ensure that the data itself is more pertinent, and more organized for those who need it. This notion is integral in retail, which is increasingly reliant on the ability to find users who are spread over many different applications, physical locales, and rungs on the financial ladder. While a few companies can already comprehend the degree of change that their industry is about to experience, like so many asset trading brokers, shoppers too will be caught be caught by surprise when blockchain-based retail services take over their phones, but it will undoubtedly be a delightful one.
Source: How retailers can use Blockchain to get granular | TNW, Andrei Tiburca, November 08, 2017Read More
“It’s a tool, and you have to apply it to the right set of problems,” he said. “What it tends to be very good for is knowing who owns what and when,” Cascarilla added. “It’s not a magic bullet.”
“There’s a lot of fraud in food origins, especially now that it’s hot,” Myran said. “People say ‘this is local,’ or ‘this is organic,’ or ‘this is grown using certain practices.’ With this system, you can prove it.”
Source: Someone Figured Out How to Put Tomatoes on a Blockchain – Bloomberg, Annie Massa
November 9, 2017
“The stark reality of open-source projects is that most are abandoned or do not achieve meaningful scale. Unfortunately, blockchain is not immune to this reality. Our analysis found that only 8 percent of projects are active, which we define as being updated at least once in the last six months.”
The authors add that organizations are a “positive differentiator” in the data, saying “while 7 percent of projects developed by users are active, 15 percent of projects developed by organizations are active.”
Source: Deloitte Report: Over 26,000 Blockchain Projects Began in 2016 – CoinDesk, Stan Higgins, November 8, 2017 at 13:30 UTCRead More
“Blockchain is rapidly becoming a world leading technology enabling the assured exchange of value in both digital and tangible assets, while protecting privacy and eliminating fraud,” the proposal reads. “Its relevance to regulating cannabis is similar to its many chain of custody applications in areas such as pharmaceutical distribution and food chains.”
Source: IBM wants Canada to blockchainify its weed industry, Mix, November 6, 2017Read More
“I think this is the biggest innovation in computer science in a generation. For the first time in history, people everywhere can trust each other and transact peer-to-peer,” he said. “And trust is not achieved by counterparties and middlemen — trust is achieved by cryptography, by collaboration and by some very clever code.”
“Talk to your CTO, CFO and CIO and see if they are working on this”
Source: Blockchain will disrupt the world of in-house counsel | Canadian Lawyer Mag, Jennifer Brown, October 17, 2017
Thanks, Anna!Read More
MIT states that the program allows students to “share their diplomas almost immediately with whomever they please, free of charge, without involving an intermediary.” The institution also points out that “thanks to the blockchain, the third party can easily verify that the diploma is legitimate without having to contact the Registrar’s Office
3. Legitimized Cryptocurrencies
By the year 2020, the banking industry will derive $1B of business value from the use of blockchain-based cryptocurrencies — When compared to the estimated $7.6 trillion that is the industry gross output of the world’s banking industry, $1 billion may not seem like much. However, the value is more about the tacit endorsement of cryptocurrency as a legitimate option by the banking industry. With the legalities of cryptocurrencies also being worked on and more than 900 cryptocurrencies on the market, the banking endorsement could open doors to other industries.
Source: From bots and AI to counterfeit reality and fake news, Gartner’s top predictions for 2018, Daryl Plummer, Gartner, October 17, 2017
Thanks, Laurent!Read More
Furthermore, customers have access to over 5,000 jets domestically and roughly 15,000 across the globe. The company allowing bitcoin transactions may now open up a new realm of possibilities for the company along with a new customer base.
Along with accepting bitcoin, these steps seem geared toward increasing the profitability of the company and keeping it competitive in the digital age.
Source: Star Jets International Now Accepts Bitcoin Payments – Bitcoin News, October 20, 2017, Sterlin LujanRead More