As an effort in building better communities with rewarding opportunities, a collaboration has been made between Morpheus Labs (a BPaaS) and Steemit (a socialized blockchain). The Head of Communications in Steemit, Andrew Levine explained, “At Steemit our top priority is making Steem the easiest, lowest cost, and most powerful blockchain protocol in the world for powering applications because we believe this is the key to onboarding the masses to the blockchain.”
EY has been selected by WiV Technology in providing technology services to help develop its fine wine investment trading blockchain platform. The Global Blockchain Leader of EY, Paul Brody explained, “”WiV’s use of blockchain technology to make wine an investable asset is a big step forward for blockchain users. Their use case perfectly illustrates one of the key EY strategic beliefs: that getting tokenization right is the key to creating easily tradable and investable assets.”
A blockchain task force has been developed by passing a bill in New Jersey named the “New Jersey Blockchain Initiative Task Force” consist of 14 members. The bill states: “…open source cryptographic algorithms, and protected from data loss by distributed records sharing, colloquially called Blockchain, has reached a point where the opportunities for efficiency, cost savings, and cybersecurity deserve study.”
The United States Department of Energy (DOE) has shared that it has granted a $1.05 million to four separate organization (University of Denver, Virginia Tech, BEM controls, & ComEd) blockchain-powered technology to be implemented for commercialized transactive energy platform. The BEM explained, “The BEM Controls software incorporates time-based energy management and control of interior spaces in buildings to achieve greater energy efficiency, reliability, and resiliency.”
A new patent has been filled by a major technology company, IBM for a blockchain-powered web browser. The patent has explained that the present invention supports a browser privacy mode in a plugin of the browser which will be implementing a blockchain. Earlier IBM was granted patent by the U.S Patent and Trademark Office (USPTO) to allow a blockchain autonomous vehicle to predict the behaviour of human drivers.
An announcement has been shared by Apollo Foundation that they’re currently working on developing a DAG consensus technology and ARKNet, a blockchain infrastructure and decentralized internet for a post-blockchain future. The director of business development, Steve McCullah explained, “We’re architecting a post-blockchain distributed ledger technology (DLT) based on the advanced principles of DAG (directed acyclic graph) consensus.”
A report has been published by the U.S. Congressional Research Service which have elaborated the detailed of the implementation of energy about the cryptocurrency mining activities. The report explained, “Some argue that sustainability concerns due to energy consumption are misplaced, and that the competitiveness of Bitcoin mining means that only miners with the most competitive mining hardware and the lowest electricity costs will persist over time,”
A survey has been conducted by Zage (a cryptocurrency marketing firm in USA) regarding the applications & commercialization of blockchain by surveying 102 blockchain founders and the CEOs which revealed that 41% of respondents felt that a seamless user experience was key. The founder of QLC Chain, Allen Lee shared, “I believe that the day when blockchain technology is used in day-to-day life is the day when people stopped talking about blockchain.”
A finance-focused IT firm headquartered in South Korea, Koscom has shared their plan in developing a whole new blockchain-powered platform which will enable the users to trade on securities that are not listed & aims to assisting companies of both small and medium scales. Previously, Koscom was launched by the Ministry of Finance, South Korea backed by the Korea Exchanges.
One of the largest airlines company in the world, Etihad Airways has stepped-up its blockchain strategy by collaborating with a blockchain-powered platform for the travel industry, Winding Tree. The COO of Winding Tree, Pedro Anderson explained, “We have been doing experiments and new solutions on the platform. Ultimately, that benefits the consumer.”