AdEx Network has just announced its technical partnership with the smart economy platform NEO.
The AdEx team has just released the AdEx Core – the base smart contract that will power the advertising network. The team has explored the NEO smart contract system and has evaluated it as very well-designed and more beneficial for its operations, therefore it is committed to porting the AdEx Core to NEO.
Furthermore, the AdEx management believes that such a collaboration will be incredibly favourable for the NEO ecosystem as well, being one of the first decentralized applications (DApps) to ever run on NEO.
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The NEO project is evolving rapidly. Founded under the name Antshares in 2014, today it has rebranded and grown to become China’s first and largest open source blockchain with the ambitious plan to outperform Ethereum”. NEO’s smart contract code will support digital identities, decentralized commerce and asset digitization, thus introducing the concept of “Smart Economy”. Following the rebranding, the NEO token price has exploded, serving as a testament to the project’s worth.
More at: Blockchain-Based Ad Network AdEx Teams Up with the NEO Smart Contracts System – Press Release – CoinSpeaker
No, code isn’t law, but if the Enterprise Ethereum Alliance’s new members have anything to say about it, that might someday change.
Today, the alliance announced that ten law firms and four legal institutions that specialize in blockchain technology have joined the group. New members include Cooley, Debevoise & Plimpton, Hogan Lovells, Holland & Knight, Jones Day, Morrison Foerster, Perkins Coie, Shearman & Sterling and Cardozo Law School’s Blockchain Project.
With the news, the new members have also joined the alliance’s Legal Industry Working Group, chaired by Aaron Wright, co-director of the Cardozo Law School’s Blockchain Project.
However, the chairman of the Enterprise Ethereum Alliance board of directors, Julio Faura, told CoinDesk the law firms will be working to ensure that blockchain-based technologies are more than just compliant with the financial system, but also with the power delivery and telecommunications industries.
Faura, head of blockchain research and development at Banco Santander, said:
“If we’re going to represent all of these things using smart contracts, and we’re going to mimic the same properties that we have in the corporate world using smart contracts, then it’s very important that we do it in a way that is compliant with today’s laws and today’s policies.”
More at: Legally Binding Smart Contracts? 10 Law Firms Join Enterprise Ethereum Alliance – CoinDesk
The venerable commercial data firm is engaged in several projects with this potentially revolutionary tech, because its financial customers are.
Lest you think blockchain technology is still in the far future of commercial communications and commerce, keep in mind that the venerable Dun & Bradstreet is busily kicking the technology’s tires.
The company — whose origins stretch back to the middle of the 19th century — is currently testing a pilot project that allows clients to verify the identity of a potential business partner through a unique blockchain identifying number that corresponds to the traditional Dun & Bradstreet D-U-N-S Number.
The nine digit D-U-N-S Number is a widely accepted way of identifying a business entity. Blockchain is a new kind of online distributed software ledger that forms the technological underpinning for a variety of applications, the most famous of which is the bitcoin digital currency. Dun & Bradstreet says it has the world’s largest commercial database, providing basic information and reputational assessments for companies around the globe.
Several firms that use its data are involved in testing this project, which launched last fall. One firm, the company said, wants to see if it can dramatically reduce the cost of onboarding new suppliers.
Basic data about 6,500 public companies — such as name, street and web address, CEO and so on — are recorded in company profiles that are housed in “smart contracts” in an instance of the open-source Ethereum blockchain platform.
More at: Dun & Bradstreet is testing blockchain as a way to securely distribute its content
We’ve been so focused on the benefits blockchain has on the finance sector that we’ve forgotten about the legal industry. Enter the Accord Project, the world’s first consortium for smart legal contracts. It’s worth your attention because it seems to be the place where legal and tech come together. We invited Peter Hunn and Houman Shadab, founders of Clause.io to tell us more about the Accord Project and the aim of this initiative.
“Clause, with support from leading law firms and other organizations, including Linux Foundation’s Hyperledger, the International Association for Commercial and Contract Management (IACCM) and Clio, has launched the Accord Project to develop open source technology and standards for computational contracting,” according to the post announcing the initiative.
Brian Behlendorf, Executive Director at Hyperledger has stated that the Accord Project is “is an industry first that will facilitate the setting of much needed technical and legal standards for smart/computable legal contracts. The work that they [Clause] are doing in changing the nature of the contract using distributed ledger and other technologies will be greatly advanced with this initiative.”
We caught up with Clause co-founders Peter Hunn and Houman Shadab to talk about the Accord Project and the set of open source software development tools which will be established.
More at: Introducing the Accord Project: “The future of law will be revolutionized by legaltech” – JAXenter
Zepplin Solutions has just announced they are working on zeppelinOS – an open-source, distributed platform of tools and services on top of the Ethereum Virtual Machine (EVM) to develop and manage smart contract applications securely.
What does an EVM operating system look like? The Zepplein team thought about three main components, but other functions may arise in the future, as the industry evolves:
More at: Zeppelin Solutions Introduces ZeppelinOS: An Operating System for Smart Contract Applications – Blockchain News
The governor of Delaware John C. Carney Jr. has officially approved a bill that aimed to legalize using blockchain or distributed ledger technology for the creation or maintenance of corporate records, CoinDesk reported.
The Senate Bill 69 was signed on 21 July 2017. Former Governor Jack Markell launched an initiative last May to help the state to embrace the emerging blockchain and smart contract technology industry.
“Smart contracts offer a powerful and innovative way to streamline cumbersome back-office procedures, lower transactional costs for consumers and businesses, and manage and reduce risk,” said Governor Markell at the time.
More at: Delaware Blockchain Stock Bill signed into law – EconoTimes
Microsoft is looking to make its Blockchain-as-a-Service offering easier to use in real-world scenarios by enterprises with a new framework.
Microsoft is out to make its Azure Blockchain-as-a-Service offering easier for businesses to build real-world applications atop it.
Microsoft’s next step in its evolving Blockchain-as-a-Service strategy is the introduction of Enterprise Smart Contracts.
“Our customers and partners often say to us, ‘Ok, you’ve made it easy for me to stand up these blockchain networks, but what do I do now?’ blogged Marley Gray, Principal Program Manager for Azure Blockchain Engineering.
A quick refresher on what Microsoft is doing in the blockchain space: Blockchain is the technology that underpins the cryptocurrency Bitcoin. But it has uses beyond that. A blockchain is a shared, distributed ledger that can store the complete transaction history of not just cryptocurrency but other kinds of records. As such, it’s of interest to many enterprises, especially those in banking and finance.
Microsoft initially launched Azure Blockchain-as-a-Service in November 2015. In 2016, Microsoft took the wraps off version 1 of its Project Bletchley blockchain template/middleware, which was meant to help customers and partners create private consortium Ethereum networks. (Ethereum is an open-source, blockchain-based distributed computing platform that provides a decentralized virtual machine.)
More at: Microsoft’s next step for Blockchain as a Service: Making it more usable by businesses – ZDNet