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 Tom Ball October 23, 2017
Mastercard is targeting cross-border payments by releasing its blockchain APIs, entering the arena with the likes of JPMorgan and IBM.
Financial institutions and their end users are set to be benefit from blockchain APIs released by Mastercard, intended to allow organisations to test their own capabilities.
Developers from these institutions will be able to harness the Mastercard blockchain APIs to work on their own capabilities, targeting area such as cross-border payments and transparency.
While financial institutions are being targeted with this new initiative, Mastercard is also aiming to enhance the banking experience for end users.
Mastercard Labs executive vice president Ken Moore, said: “By combining Mastercard blockchain technology with our settlement network and associated network rules, we have created a solution that is safe, secure, auditable, and easy to scale.”
More at: Mastercard unleashes blockchain APIs to boost development – Computer Business Review
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 C. Edward Kelso October 20, 2017
President Donald Trump’s Attorney General, Jeff Sessions, testified before the Senate Committee on the Judiciary. The committee is given rather broad powers concerning federal criminal law and internet privacy. During a quick exchange, hours into the hearing, Mr. Sessions was asked about the “dark web.” His answers might foreshadow what’s ahead for digital privacy and bitcoin users.
More at: Trump’s Attorney General Jeff Sessions: ”Bitcoin is a big problem” – Bitcoin News
By Joshua Althauser October 19, 2017
An Australian university has partnered with Blockchain startup to offer Ethereum-based rewards program. Students at the University of New South Wales (UNSW) will soon be able to earn Ether tokens for purchases made on-campus. The program runs from October 6 to November 20, 2017.
According to the startup’s managing director, Andrew Lowe, they are excited to monitor how the student members will respond to the program due to the sharp rise in the value of Ethereum.
“Last month, the value of Ether rose by 30%, so we’re excited to see how members respond to this type of loyalty currency vs. traditional approaches such as points. We’re confident they’ll find it much more engaging, but the research will give us a more definitive answer.”
More at: Australian University Allows Students to Earn Ethereum from Campus Purchases – The Cointelegraph
By Brad Jones October 19, 2017
DIGITAL DIPLOMA WITH BLOCKCHAIN
Since the school’s inception, the Massachusetts Institute of Technology has issued paper diplomas to over 200,000 students. This summer, a pilot program saw 111 graduates receive their credentials via a specially developed app, in addition to traditional means.
The Blockcerts Wallet app was developed by Learning Machine in conjunction with the MIT Registrar’s Office. It uses blockchain technology to give graduates easy access to verifiable, tamper-proof version of their diploma that they can share with potential employers.
More at: MIT Has Started Issuing Diplomas Using Blockchain Technology – Futurism
A CB Insights report says that Google and Goldman Sachs are among the most active investors in blockchain companies. The list includes others like SBI Holdings and Citi Bank.
By Anatol Antonovici October 18, 2017
A CB Insights report shows that Goldman Sachs, Citi Bank and Google are among the biggest investors in blockchain related companies and projects. Year to date, corporations around the world have been involved in 42 equity investment agreements, with the cumulative amount of the deals reaching $327 million, which is slightly below the $390 million recorded in 2016.
More at: Google, Citi Bank, and Goldman Sachs Among Most Active Blockchain Investors – Cryptovest