By Angela Scott-Briggs October 22, 2017
Blockchain has the potential to reshape the society in innumerable ways. Lately, there has been enthusiasm and profit taking resulting in what might look like a bubble popping. In the circumstances, it is useful to go through some important blockchain innovations everyone needs in 2018, without regard to the current value of tokens powering them.
The importance of provable identity management is increasing by day in the world where virtually anything including live news conferences can be faked. Estonia has already begun a digital citizenship programme. With time, all organisations that require some form of identification will have a form of an encrypted database, preferably a decentralized one that will be difficult to modify without permissions. A shift to crypto-based identification would be a good change for everyone, once you lose your ID card, you would only need to regain access to your remote credentials.
Public Trust and Accountability
The application of blockchain technology in marriage records, health records, title deeds and even in voting will revolutionize how things are done. Companies such as Factom have experimented with keeping records of real property on blockchain. Similarly, Votem has made important milestones in creating a trusted blockchain voting system. This is significant as elections are now hotly contested with losers alleging electronic vote rigging.
More at: Important Blockchain Innovations Everyone needs in 2018 | TechBullion
By Nikhilesh De October 23, 2017
The travel and merchant arm of American Express may be weighing the use of blockchain within a personalized customer rewards system, public filings show.
A new patent application published last week by the U.S. Patent and Trademark Office details a concept for offering customer-specific types of rewards (including points, a virtual currency or specific items tied to a product). The filing indicates the financial giant would make these offers by compiling personalized data about the customer, such as their historic spending patterns.
The application cites the tech as one resource for storing and updating information among a number of possible approaches, detailing:
“The blockchain structure may include a distributed database that maintains a growing list of data records. The blockchain may provide enhanced security because each block may hold individual transactions and the results of any blockchain executables. Each block may contain a timestamp and a link to a previous block.”
More at: American Express Eyes Blockchain for Customer Rewards System – CoinDesk
By Angela Scott-Briggs October 23, 2017
A report by Grand View Research Inc. predicts that the global blockchain technology market will reach $7.74 billion by 2024. The distinguishing feature of blockchain technology that has contributed to its growing popularity is the ability to keep all electronic transactions in a public ledger allowing all participants connected in the network to track information through a secure network, thereby eliminating the need for third-party verification. While the technology was first applied to Bitcoin and later other cryptocurrencies like Ethereum, its uses continue to increase by the day. Blockchain technology is also used in:
- Smart contracts
- Physical asset registration
- Trade execution and settlement
- Asset exchange
- Cash reserve management
- Supply chain management
More at: Global Blockchain Technology Market will reach $7.74 billion by 2024 – TechBullion
By Ben Arnon, Contributor October 19, 2017
The world’s largest Ethereum hackathon took place last weekend in Waterloo, Canada. 400 developers from 32 countries across the globe descended upon the Ontario city to work on projects, some of which may have monumental impact upon the world.
Vitalik Buterin demonstrates a mathematical formula on the whiteboard during ETHWaterloo.
More at: [PHOTOS] Hacking the Decentralized Future – HuffPost
By Michael Kern October 18, 2017
Over the last half century, Dubai has transformed itself from a small desert city to a sprawling metropolis of 2.7 million people. The government has truly leapfrogged on the back of technology.
Indeed, Dubai has caught tech fever in a serious way. Earlier this year, the city announced that it will be flying automated taxis, and recently, Dubai even unveiled its own robocop prototype. While these pieces of our sci-fi dreams are finally becoming a reality, it is clear that, for Dubai, the city is moving according to plan.
With its tremendous growth and daunting logistical challenges, Dubai has had to be innovative in importing its water, managing healthcare, education, housing and even in building its renowned skyscrapers to prevent them from sinking into the soft sand or being damaged by harsh winds. In doing so, the emirate has become a globally competitive city, attracting an incredibly skilled foreign force from across the globe.
More at: Dubai: The World’s First Blockchain Government – Crypto Insider
By Elizabeth O’Dowd October 18, 2017
Hyperledger’s latest project, Hyperledger Quilt builds on its network of frameworks, supporting the potential future of healthcare blockchain.
Hyperledger announced its latest project, Hyperledger Quilt, offering another potential framework for organizations to develop their healthcare blockchain solution.
Quilt is an implementation of the Interledger protocol (ILP), which makes transactions across ledgers. ILP is primarily a payment protocol and routs shared data across different digital ledgers. It also isolates senders and receivers, protecting them from centralized transaction failure.
The new project is being developed in the open source community, transfering value to both distributed and non-distributed ledgers. It is designed to widely identify accounts and simultaneously complete transactions from all parties involved.
More at: New Hyperledger Project Fuels Healthcare Blockchain Development – HIT Infrastructure
By Jeremy Nation October 17, 2017
While blockchain technology might be disruptive to certain elements of the private sector, governments are also looking at it to develop modern infrastructures.
Governments are developing blockchain platforms to integrate with various offices and agencies for a variety of reasons. These platforms offer a transparent means of operation that can deliver privacy and security, as well as feature robust, immutable decentralized databases.
Governing bodies have choices for how to deploy blockchain technology, be they projects that are incubated internally or provided to the government as a service. For instance, today, October 17, 2017, tech giant Microsoft announced a suite of services powered by its Azure Government blockchain platform designed to cater to the needs of government entities. The announcement was made at the Microsoft Government Cloud Forum held in Washington D.C., where a number of new features were revealed, including a facet of its platform called Azure Government Secret, designed to “deliver multi-tenant cloud infrastructure and cloud capabilities to U.S. Federal Civilian, Department of Defense, Intelligence Community, and U.S. Government partners working within Secret enclaves.”
More at: Blockchain Services For Governments – ETHNews.com