AWS Launches Blockchain Templates For Developers – PYMNTS.com

By PYMNTS      April 23, 2018

Amazon Web Services has announced the launch of its blockchain templates, which will make it easier for developers to create blockchain-based projects.

“AWS Blockchain Templates provide a fast and easy way to create and deploy secure blockchain networks using open source frameworks,” the company said in a press release. “Blockchain is a technology that makes it possible to build applications where multiple parties can record transactions without the need for a trusted, central authority to ensure that transactions are verified and secure.”

The product gives users pre-set blockchain frameworks that support two versions of the technology: Ethereum and the Linux Foundation’s Hyperledger Fabric.

AWS Blockchain Templates use their chosen blockchain framework as containers on an Amazon Elastic Container Service (ECS) cluster, or directly on an EC2 instance running Docker.

More at: AWS Launches Blockchain Templates For Developers – PYMNTS.com

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Blockchain could give more transparency to data use – Public Sector Executive

April 23, 2018

Blockchain technology has the potential to make government services more efficient, Matt Hancock has said.

Speaking at a Law Society event last week, the digital, culture, media and sport secretary explained that already digitalising government services in the UK has saved billions for taxpayers.

Governments that embrace emerging technologies, such as blockchain, will thrive in future decades, he said.

Hancock told the audience that there is wide interest across the government in deploying blockchain to tackle a wide range of issues, naming the Department for Environment, Food and Rural Affairs (Defra), the Department for International Development (DFID), HM Revenue and Customs (HMRC) and the Department for Business, Energy and Industrial Strategy (BEIS) among those interested.

“The government has already invested around £10m through Innovate UK and our research councils to support blockchain projects in areas as diverse as energy, voting systems and maximising value from items donated to charity,” he said.

More at: Blockchain could give more transparency to data use – Public Sector Executive

Ethereum’s Vitalik Buterin Discusses Bitcoin Bubble and Blockchain Fame – BTCMANAGER

By Samantha Chang      April 23, 2018

Ethereum co-founder Vitalik Buterin is reportedly worth more than $400 million, but he’s nonchalant about his vast wealth. The 24-year-old, says today’s bitcoin millionaires became rich mostly through luck, although most won’t admit it.

The Difference Between Intelligence and Luck

Cryptocurrency bulls like to think they’re smarter than “the masses” for buying crypto before it became trendy, but Buterin says no one could have foreseen the bitcoin bubble and ensuing riches it bestowed on early adopters.

“It’s the luck of the draw, where everyone who won the draw seems to feel like they deserved it for being smarter,” Buterin told the Financial Times April 19, 2018. “[They think] ‘I was loyal and I was virtuous, and I held through, and therefore I deserve to have my five mansions and 23 Lambos!’”

This sentiment is not the first time that Buterin has mocked the “When Lambo?” trend popular among new crypto millionaires. He finds the obsession with cryptocurrency prices and get-rich-quick schemes unseemly. In fact, Vitalik is aloof regarding the daily price swings of bitcoin and ether, Ethereum’s native currency.

When Buterin’s net worth started ballooning into the millions, his first thought wasn’t, “Yay, I get more stuff!” he recalled. “It’s more certainty that I won’t have to worry about money for a long time.”

Buterin: We’re Sort Of In A Bubble

While skeptics dismiss bitcoin as a bubble that’s bursting, even crypto evangelists like Buterin concede that we are in a bubble-like environment.

“We’ve created a culture where some totally random project raising something like $8 million is like, ‘Oh, yeah that’s peanuts,’” he says. “[That’s how you know] you know you’re in a bubble!”

More at: Ethereum’s Vitalik Buterin Discusses Bitcoin Bubble and Blockchain Fame – BTCMANAGER

How blockchains can help build stronger software – IDG Connect

April 23, 2018

This is a contributed piece by Shaan Mulchandani, Global Security Strategy and Blockchain Leader, Aricent

Blockchains can make the biggest impact in deeply collaborative environments. That is why supply chains stand to benefit from blockchains, composed as they are of diverse people, organizations, and stakeholders. Given the proliferation of software and application development globally, a DevOps-based software supply chain ecosystem experiences very similar challenges to traditional “offline” supply chains comprised of physical goods. Enterprises are embracing open source systems like never before – but, they are failing to manage them effectively – which can leave them open to attacks from vulnerabilities such as Heartbleed. In the context of a supply chain, where there are multiple stakeholders, there is a pressing need for provenance, a key blockchain attribute.

Most DevOps ecosystems have inefficiencies. Rework may be required, product development can go off sync, release quality and compliance are uncertain and inevitably, development costs and times spiral out of control. Sounds familiar?

An initiative to explore the benefits of blockchain technology in DevOps kicked off in June 2017. The project was led by the Center for Global Enterprise’s Digital Supply Chain Institute (DCSI), Aricent and Bitfury. A Proof of Concept (PoC) would investigate how the blockchain could enhance software product development supply chains and improve the DevOps process for enterprises.

More at: How blockchains can help build stronger software – IDG Connect

Bitcoin network on the brink of second capacity upgrade – Coingeek

By Eli Afram      April 23, 2018

On August 1st, 2017, the Bitcoin network experienced an upgrade which saw the maximum capacity throughput multiplied by 8. Bitcoin Core developers’ resistance to upgrade their own software, meant that the majority of nodes did not receive the luxuries now enjoyed by the Bitcoin Cash community – namely, instant transactions, sub-cent fees, and a bigger pipeline. Their stance also created a polarity, which meant that the upgraded nodes were forced to re-stablish an entire eco-system.

The mere fact that in under one year, Bitcoin Cash has managed to establish itself on territory lost by Core, is very, very telling. Make no mistake it was from the ground up – Merchants, payment processors, exchanges, a new ticker, a new address format, some new development teams… The political climate was toxic, but as the movement to re-enable Bitcoin as Cash once again drew momentum, it became unstoppable.

The two biggest commerce based entities in the space – BitPay and Coinbase, have already integrated Bitcoin Cash (BCH) within their systems, and full integration is almost complete. A wave of app explosions has caused speculators to take sharp notice.

More at: Bitcoin network on the brink of second capacity upgrade – Coingeek

Taiwan Central Bank Proposes Money Laundering Rules for Bitcoin – CoinDesk

By Wolfie Zhao      April 2, 2018

The Central Bank of Taiwan is eyeing new rules that would bring bitcoin under the island’s existing anti-money laundering regulations.

During a meeting with Taiwan’s legislative arm Monday, central bank governor Yang Chin-long was questioned over how the banking authority would address the current “opacity” in bitcoin trading in the country, as highlighted by the recent price plunge, according to Taiwan’s Central News Agency.

Responding to parliament member’s enquiries, the governor said the central bank has increased its efforts in monitoring the volatile movements of bitcoin prices and will issue warnings to investors over the risks of cryptocurrency transactions.

Further to that effort, Yang said the banking authority has also recommended to Taiwan’s Ministry of Justice that bitcoin trading should be regulated under current anti-money laundering (AML) rules in the financial sector.

More at: Taiwan Central Bank Proposes Money Laundering Rules for Bitcoin – CoinDesk

Blockchain’s impact on the supply chain space: Interview (Includes interview) – Digital Journal

By Tim Sandle      April 2, 2018

Hong Kong – OpenPort is a Hong-Kong based digital logistics platform that uses blockchain technology to transform domestic distribution in emerging markets. To discover the advantages of this technology, Digital Journal spoke with CEO Max Ward.

 A report conducted by DNV GL, the global quality assurance and risk management company, indicated that only 20 percent of businesses have published information about their supply chain.

In order to improve transparency of the supply chain network, the model designed by OpenPort model aims to provide this together with security, while also reducing logistics costs. This is through the utilization of blockchain technology.

 To discover more about blockhain for the supply chain and OpenPort’s functionality Digital Journal spoke with OpenPort CEO Max Ward.

Digital Journal: How is blockchain shaping businesses?

Max Ward: We are seeing a wave of cross-sectoral blockchain adoption at the moment, with a host of industries utilizing the technology as a means of increasing transparency, efficiency and security. While initially designed to verify digital currency transactions, businesses are now tapping into the power of blockchain technology to digitize and secure documents and product information, creating a secure, irrefutable record.

More at: Blockchain’s impact on the supply chain space: Interview (Includes interview) – Digital Journal