Sunday, June 24, 2018

When It Comes To Adopting Blockchain Technology, Education Leads To Utilization - Forbes


Forbes

When It Comes To Adopting Blockchain Technology, Education Leads To Utilization
Forbes
Blockchain technology -- the distributed ledger database that started with the Bitcoin blockchain in 2009, but nearly 10 years later has spawned innovation through the creation of innumerable blockchains, both private and public around the world -- has ...
Microsoft and EY are deploying a blockchain system to manage ...Quartz
Microsoft and EY Launch Quorum Blockchain Tool for Copyright ...Fortune
How EY and Microsoft Are Unlocking New Uses for Blockchain ...Bloomberg
EY -EY
all 18 news articles »


from blockchain - Google News

Wyoming ranchers use blockchain in beef production - Black Hills Pioneer


Black Hills Pioneer

Wyoming ranchers use blockchain in beef production
Black Hills Pioneer
Wyoming Sen. Ogden Driskill, R-Devils Tower, who sponsored a number of blockchain bills in the Legislature this year, signed on to BeefChain almost immediately, tagging 323 calves from his family-owned Campstool Ranch near Devils Tower in May.



from blockchain - Google News

What Is Blockchain? For Starters, It's Not The Internet - KUT


KUT

What Is Blockchain? For Starters, It's Not The Internet
KUT
Blockchain is here, opioids have caused a national emergency, and those two things have more to do with each other than you'd think. Some companies think the answer to the U.S. drug epidemic is blockchain. But to explain why blockchain technology has ...



from blockchain - Google News

Hiring for the blockchain revolution: How to create an expert team - VentureBeat


VentureBeat

Hiring for the blockchain revolution: How to create an expert team
VentureBeat
As head of human resources for a rapidly-expanding company within the blockchain industry, I am constantly faced with a variety of challenges that are unlike any I've encountered in my nearly 10 years of experience working in the corporate and ...



from blockchain - Google News

Walmart Just Scored a Patent for a Blockchain-Based Health Care Records System - Fortune


Fortune

Walmart Just Scored a Patent for a Blockchain-Based Health Care Records System
Fortune
Last week, the retail giant won a patent for a system that would house medical records on a blockchain (the secure digital ledger technology). The purpose? To allow first responders to pull up medical data from a patient in the case of an emergency ...



from blockchain - Google News

Swiss Economy Head Wants Switzerland to Become a Crypto and Blockchain Nation

Johann N. Schneider-Ammann, the head of Switzerland’s Department of Economic Affairs, has said that blockchain technology will undoubtedly penetrate the entire economy of Switzerland and make a global impact that is as big as that of the internet.

Ammann noted that Switzerland has already evolved into a leader in blockchain technology and intends to continue supporting the cryptocurrency sector and companies within it. During his speech at the Crypto Valley Conference in Zug, Ammann added that the World Wide Web may have been invented in Geneva, Switzerland, but due to impractical policies and insufficient developments, the majority of internet work was done elsewhere.

“Switzerland is a global leader in terms of this new technology and its economic application. We would do well to continue at pace, instead of laying the right tracks after the moment has passed. History is littered with examples of what happens when the train speeds off in a different direction,” Ammann noted.

Switzerland as a Crypto Nation

During his speech, Ammann emphasized that he received criticism for his optimistic stance on the cryptocurrency market and blockchain sector, which is still an emerging industry and a relatively new asset class.

But, given that blockchain technology has become a highly anticipated focal point of technology conglomerates and financial institutions, Ammann stated that he is comfortable with seeing Switzerland evolve into a cryptocurrency and blockchain nation, with practical and efficient policies targeted at cryptocurrency businesses and investors.

Ammann stated:

In January, I said that if the experiences in Zug were positive, then in a few years’ time the whole of Switzerland should be a crypto or Blockchain nation. That won me plaudits, but also a fair amount of criticism. But I think: there is no reason the latter. The fact that Switzerland is today a global leader in high-tech industries and in pharmaceuticals is seen as normal. It is easy to forget that these sectors too once started out with previously unknown technologies and services, Like Blockchain is doing today.

The cryptocurrency markets have experienced exponential growth over the past few years, with billions of dollars injected into the industry on a yearly basis. Since 2016, banks are said to have spent over $2 billion to develop blockchain-related solutions.

Still, despite the resources and capital that are available to developers and blockchain projects, blockchain developers are currently working on solving unprecedented problems related to cryptography. Implementing solutions like Sharding and Plasma, which are expected to increase the transaction capacity of the Ethereum network to a million transactions per second, take more than simply resources and capital.

Hence, Ammann noted that it is important to provide a platform for blockchain projects to realize their long-term visions and commercialize this revolutionary technology, as blockchain adoption cannot be done overnight.

“No one really knows if some of the rather hopeful growth forecasts for blockchain-based services and products will actually materialize. But hardly anyone still doubts that blockchain will penetrate our entire economy. What is clear is that we currently know far too little about the new technologies, their potential and their risks,” Ammann said.

Reaffirmation of Friendly Regulation

For many years, blockchain projects and initial coin offerings (ICOs) have acknowledged Zug to be the blockchain capital of the world, due to its friendly regulations. In his speech, Ammann confirmed that Zug will continue to operate as a supportive platform for blockchain projects.



from NullTX

EOS Suspends 27 Accounts with No Reasons Given, Community Upset over Centralization

In a tweet, one member of an online cryptocurrency community revealed that EOS has instructed block producers to censor transactions from 27 accounts without specific reasons.

The instructions read:

“Pursuant to Section 3.5 of the EOS Core Arbitration Forum (ECAF) Rules of Dispute Resolution, the Emergency Arbitrator appointed to review claims (the accounts in question) finds credible evidence to support: the refusal to process transactions of any kind for the affected EOS account names and/or public keys, pending further review of the claims by an arbitrator.

It is hereby ordered that the EOS Block Producers refuse to process transactions for the following accounts and keys indefinitely.”

How EOS Is Able to Censor Accounts

On public blockchain networks and protocols like Bitcoin and Ethereum, it is not possible to have a group of centralized individuals and authorities dictate which accounts can and cannot process transactions, because they exist peer-to-peer. All users and individuals on the Bitcoin and Ethereum networks have equal authority and power that is limited to their own private and public keys.

The same is the case with other major blockchain networks like NEM; when Coincheck, formerly Japan’s biggest cryptocurrency exchange, suffered a $500 million hacking attack that led to the loss of over $500 million worth of NEM in its hot wallet, NEM could not censor the accounts of the hackers and prevent those accounts from processing transactions.

Instead, the NEM developers tagged the accounts to prevent cryptocurrency exchanges from accepting deposits from the NEM hackers’ accounts. At the time, NEM’s developers emphasized that they could not reverse or suspend the accounts of the hackers, because of the decentralized and public nature of the NEM blockchain.

“To some, the only solution to return the stolen XEMs is to execute a hard fork. In simple terms, a hard fork is the splitting of a single cryptocurrency into two. In the case of Coincheck’s hacking, this is not an option. Why? Simply because it was not NEM’s fault. It was a security breach caused by weak security measures of Coincheck,” the NEM team said.

But, unlike most major public blockchain networks, EOS has been able to censor accounts and stop user accounts from sending and receiving payments due to its proof-of-stake consensus algorithm.

On the EOS network, miners that leverage computing power to solve mathematical problems do not exist. Instead, block producers that have stake in the EOS protocol process data and transactions.

Based on the document sent out by the EOS team and its Core Arbitration Forum, block producers have the authority to stop certain EOS accounts from sending and receiving payments, in some cases without specific reasons.

The latter part of the ECAF document read:

“This Arbitrator Order is retroactive to the time of the Block Producers’ first actual refusal to process transactions for the listed EOS accounts and public keys. The logic and reasoning for this order will be posted at a later date.”

Lack of Decentralization

Considering the power of a centralized group of individuals within the EOS team to censor accounts, it is possible that government authorities could ask EOS to censor accounts that are suspected to have settled transactions utilized in illicit operations.

With Bitcoin, Ethereum, and other cryptocurrencies that are truly decentralized, because there exists no centralized group of individuals that can censor accounts, it is not possible for government authorities to place pressure on project operators.

Even block producers including EOS New York, a leading block producer candidate for the EOS network, has said that the control EOS has over user accounts is not appropriate. Rick Schlesinger, the co-founder of EOS New York, said:

“I do think the community is going to scrutinize [Article XV] closely (as they should). This is why we’re here – to experiment with this nascent technology and learn about how a governed blockchain can respond to the community’s will.”



from NullTX

Meet Goodr, the company using blockchain technology to reduce food waste - CNBC


CNBC

Meet Goodr, the company using blockchain technology to reduce food waste
CNBC
The company uses blockchain to keep a data ledger for their clients of how much food businesses waste, and where they might be losing money. Data collected by the company includes information on what food gets wasted the most, community connections ...



from blockchain - Google News

EY Launches Blockchain Content Rights Platform in Partnership with Microsoft - CCN


CCN

EY Launches Blockchain Content Rights Platform in Partnership with Microsoft
CCN
Global leader in advisory services, EY, in partnership with Microsoft announced a blockchain based solution which facilitates content rights and royalties management. To start things off, Microsoft and affiliated game publishers will be using the ...
Microsoft uses blockchain to quickly send royalty data to game publishersWindows Central

all 3 news articles »


from blockchain - Google News

German E-commerce Giant Steps Into Blockchain With Self-Governed Marketplace - Forbes


Forbes

German E-commerce Giant Steps Into Blockchain With Self-Governed Marketplace
Forbes
However, when these businesses seek out new opportunities online and trade in online marketplaces, they face natural limits regarding their independence. While most of them do provide a gateway these companies need in order to find new business, there ...



from blockchain - Google News