The Director of Regulatory Relations of Ripple, Ryan Zagone has expressed his opinion that blockchain and cryptocurrency will have a role in US technology independence. Zagone then explained, “There is a broad discussion in Washington around 5G being dominated by foreign firms and the U.S. being reliant on foreign technology and foreign expertise…With blockchain and crypto, I think there’s a recognition now that these will be part of our future infrastructure.”
A blockchain company based in Poland, Billon has been awarded 2 million euro worth of fund from the European Commission’s SME Instrument program. The CEO of Billion Group Wojtek Kostrzewa explained, “With the funding from Horizon 2020, Billon will fulfil MIFiD2 and GDPR requirements with innovation that puts a customer in control of their own data and documents.”
The computer-hardware mammoth IBM has recently shared Five Blockchain Principles to follow which will guide its blockchain-related work. The five principles were listed in the report which IBM has confirmed to follow guidelines shared as an effort in accelerating the future of blockchain technology to the mainstream adoption which also use to ensure blockchain to have better future in the technology industry.
The credits go the UBIK, a Croatia’s self-regulating blockchain and organization in making the first formal blockchain-powered vote during UBIK’s yearly assembly possible. The assembly poll was held on previous April 24th which featured an election for the organization’s president and board, with the aim in trialling the effectiveness of blockchain technology for small elections to medium governing bodies.
A German state North Rhine-Westphalia (NRW) has shared its intention to develop a European Blockchain Institute. The press release has also explained that numerous sectors especially the cryptocurrency mining space could benefit this blockchain and has described the technology: “This technology can be safe, decentralized, affordable and, when used properly, not too energy-intensive.”
A device named Elk is a prototyping board for building a blockchain-connected device, the team previously it has had the experience in building open-source hardware for IoT. One of the Elk’s Founder, Amr Saleh explained, “We believe current blockchain development is sub-par, let alone blockchain development for embedded devices. There’s room to make a 10x improvement to the UX and that’s what we’re setting out to do.”
Tokenised Copper in name of the Cu Coin MBX has been made available by the Blockchain Metal Company, it will be an ERC-20 token with its value tied to real metal commodity. The smart contract can be programmed in a way that both payment and delivery obligations can be executed turn in turn by the decentralized software code functioning as self executing contract.
One of the major bank of Brazil, Banco Bradesco has been the the latest institution to join R3’s Marco Polo blockchain network. The R3 is a trade and finance network with major banks such as BNP Paribas, ING and Sumitomo Mitsui Banking Corporation among others. Daniel Cotti MD of Banking & Trade for the Marco Polo Network outlined the impetus for the creation of a blockchain-powered trade finance network, noting that today’s trade processes are compromised by a lack of connectivity.
Muneeb Ali, CEO of Blockstack at Consensus 2019 conference criticised the decentralized apps architecture by hammering that apps across the space are putting too much reliance (and data) on blockchains. In Ali’s words: “The Googles and Facebooks of the world are sitting on large amounts of data. Their business is to know more and more about you. With decentralized computing, you have more control. There’s no big company in the middle,”
Kaden has confirmed in an announcement that its Proof of Work public blockchain called Chainweb will be launching its mainnet soon on this coming October 30th, 2019. The Kadena Team explained, “After a successful launch of Chainweb Testnet v0 in March, we are making substantial updates to push towards special interest to our community, we will begin accepting applications and approve select external miners into our test network.”