Blockchains Vol 27, August 7, 2018
|Aug 13, 2018||Public post|| 1|
Volume 27, August 7, 2018
Quote of the Week
"The Maltese government has a can do approach, meaning if there is an operator that comes up with an idea that the government agrees with, we focus on how we can implement that. There is a strong political will here to change and disrupt."
- Silvio Schembri, Malta’s Junior Minister for Financial Services, Digital Economy and Innovation
In the world of cryptocurrencies, a token is a representation of something in its particular ecosystem. It could value, stake, voting right, or anything else. A token is not limited to one particular role; it can fulfill a lot of roles in its native ecosystem.
Not surprisingly, there is a lot of hype behind security tokens nowadays. Here is a comprehensive guide to that teaches almost everything about security tokens. They are getting the right kind of attention from investors and regulators alike.
The Istanbul Blockchain and Innovation Center (BlockchainIST Center) was inaugurated at Bahçeşehir University (BAU). According to the center’s director Bora Erdamar, BlockchainIST is set to be “the most important center of research and development and innovation in Turkey in which scientific studies and publications are made in blockchain technologies.”
Brokerages have been peppered in recent weeks with questions from Securities and Exchange Commission examiners about their business practices and how they deal with clients. Among other things, the SEC is seeking specific information about fees generated from trading, financing and initial coin offerings.
This year’s selloff in virtual currencies has done little to dent investor enthusiasm for initial coin offerings, which attracted a record $12 billion in the first half. That’s up from $7 billion for the whole of 2017 and a more than 50-fold jump from 2016, according to Autonomous Research LLP.
The proposed standard applies to the functionality of cloned contracts and is intended to reduce gas prices in cloned contracts. Specifically, EIP 1167 allows any number of cloned contracts to redirect calls to one known address (known as the master contract). However, if the master contract self-destructs, all cloned contracts will cease working.
Blockchain can be fast but unsecure, or secure and slow. Hadera recently raised $100M to get around the big trade-off related to blockchain, the fundamental technology behind cryptocurrency.. It's solution is based on the “hashgraph consensus” technology and aims to build a fast and secure blockchain alternative.
There are a lot of exciting developments in the blockchain space, and some great teams around the world are working hard to build platforms that will make a real difference. At some point in their development, these projects are likely to run a token sale. This means your project needs to get noticed — by the media, influencers, and potential contributors. It means building an engaged community, telling your story well, and standing out from all the others.
Big players are adopting blockchain for space exploration. The U.S. National Aeronautics and Space Administration (NASA) and the European Space Agency (ESA) are studying ways to employ blockchain for their mission. Findings obtained so far suggest that the technology might be useful both on the ground (facilitating data-related processes, just like in other mainstream institutions) and in space (helping to navigate the deep space).
Starbucks and a number of other companies including the Intercontinental Stock Exchange, Microsoft, and BCG announced they were forming a new digital assets based entity Bakkt, fuelling speculation that you could by your next coffee with bitcoins.
However, Starbucks wants to be crystal clear: Despite recent stories about their involvement in some sort of blockchain project, they are not going to be accepting bitcoin as a form of payment for coffee.
Proteum is global blockchain advisory firm that works with public, private and start-up companies to help them transition into the world of blockchains and decentralized applications. We help companies strategically build their capabilities so that they can own and control their future. Let's put blockchains to work for your business.