Posts Tagged ‘provenance’
IBM wants Canada to blockchainify its weed industry | TNW
“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, 2017
Read MoreHow Blockchain Will Accelerate Business Performance and Power the Smart Economy | HBR
Political economist Francis Fukuyama predicted a future when social capital would be as important as physical capital, and that only those societies with a high degree of social trust would be able to create large-scale organizations capable of competing in the new economy.
The potential impact of blockchain is driving businesses to rethink existing business models, re-examine opportunities previously thought nonviable, and explore a new frontier of opportunity that can impact the bottom line and benefit society.
It takes a growth mind-set and mission-driven approach to activate progressive change and make it happen. The organizations that have the agility to reinvent themselves, that rise above the noise to unlock new business opportunities in a commercially viable way at speed, will thrive in the digital age.
Source: How Blockchain Will Accelerate Business Performance and Power the Smart Economy | HRB Microsoft.com/digital difference, October 27, 2017
Read MoreBlockchain will disrupt the world of in-house counsel | Canadian Lawyer Mag
“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 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 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.
…
#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.
What Is Hyperledger? How the Linux Foundation builds an open platform | Blockgeeks
While most other blockchain projects focus on cryptocurrencies and tokens, the projects around Hyperledger demonstrate a strong potential to build the backbone of non-monetary, high scaling industrial applications of blockchain technology.
Here are a few use cases:
Source: What Is Hyperledger? How the Linux Foundation builds an open platform
Read MoreInside the Secret World of Global Food Spies – Bloomberg
Wal-Mart Stores Inc., the world’s largest retailer, was one of the first to get on board, just completing a trial using blockchain technology to track pork in China, where it has more than 400 stores. The time taken to track the meat’s supply chain was cut from 26 hours to just seconds using blockchain, and the scope of the project is being widened to other products, said Frank Yiannas, Wal-Mart’s vice president for food safety, in an interview Thursday.
“The problem is the data is only as reliable as the person providing the data,” said Weinberg, who recalls seeing everything in China from synthetic eggs to fake shrimp that still sizzle in a wok. “In most supply chains there is one or more ‘unreliable’ data provider. This means blockchain is likely useless for protecting against food-fraud unless every piece of data is scrutinized to be accurate.”
But blockchain is “light years” away from the system used by the global food industry today, which relies heavily on paper records, said Yiannas, Wal-Mart’s food safety chief. By recording the identity of those who input data into the chain, the technology removes the anonymity that has helped food-fraud to thrive, he said.
The role of humans in recording the supply chain will also diminish, said Yiannas. “More and more of these documents will eventually be captured in an automated way.”
Source: Inside the Secret World of Global Food Spies – Bloomberg
Thanks Frederic
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