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US Congress Holds Hearing on Potential for Blockchain Technology in Government
Jocelyn Aspa • February 14, 2018
https://investingnews.com/daily/tech-inv...overnment/
Quote:Witnesses of the hearing included: Chris Jaikaran, analyst in cybersecurity policy, government and finance division, Congressional Research Eervice; Charles Romine, director, information technology laboratory at the National Institute of Standards and Technology (NIST); Gennaro “Jerry” Cumo, blockchain vice president at IBM (NYSE:IBM); Frank Yiannas, vice president of food safety at Walmart (NYSE:WMT); and Aaron Wright, associate clinical professor and co-director of the Blockchain project, Benjamin N. Cardozo school of law.
In short, the panel of witnesses would be able to recommend to Congress a framework that would make blockchain a viable technology used within the government and also the public.
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Taiwan's New Central Bank Chief Eyes Blockchain Boost
Wolfie Zhao Feb 27, 2018 at 05:30 UTC | Updated Feb 27, 2018 at 07:13 UTC
https://www.coindesk.com/taiwans-new-cen...ain-boost/
Quote:Taiwan's central bank is promising to explore how blockchain technology might help improve its operations.
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Porsche introduces blockchain to cars
02/22/2018
https://newsroom.porsche.com/en/themes/p...14906.html
Quote:In collaboration with the Berlin-based start-up XAIN, Porsche is currently testing blockchain applications directly in vehicles. This makes the Zuffenhausen-based company the first automobile manufacturer to implement and successfully test blockchain in a car.
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28-02-2018, 12:32 PM
(This post was last modified: 28-02-2018, 12:32 PM by Wildreamz.)
Rakuten will roll its $9B loyalty program into a new blockchain-based cryptocurrency, Rakuten Coin
Posted 14 hours ago by Ingrid Lunden (@ingridlunden)
https://techcrunch.com/2018/02/27/rakute...uten-coin/
Quote:Back in 2016, Amazon’s Japanese rival Rakuten acquired Bitnet, a bitcoin wallet startup that it had previously invested in, to help it work on blockchain technology and applications. Today, one of the first fruits of that deal has come to light. The company is planning a new cryptocurrency called Rakuten Coin — built on blockchain technology and the company’s existing loyalty program, Rakuten Super Points — which it plans to use to encourage loyalty services globally and to help customers to buy goods across different Rakuten services and markets.
StarbucksCoin? Exec Says Coffee Seller Will 'Probably' Use Blockchain
Stan Higgins Feb 27, 2018 at 18:45 UTC
https://www.coindesk.com/starbuckscoin-e...lockchain/
Quote:"I believe that we are heading into a new age, in which blockchain technology is going to provide a significant level of a digital currency that is going to have a consumer application," he remarked during the earnings call.
Starbucks Credit is already a high transaction volume "digital currency"; as with Grab Credits. What is yet to be seen is the interoperability of such credits between different companies, and applications beyond store of value and medium of exchange (eg. smart contracts) via Blockchain technology.
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Uh Oh: Blockchain May Not Be as Secure as We Thought
Kristin Houser Published: 8 hours ago
https://futurism.com/blockchain-security...contracts/
Quote:In an analysis of one million smart contracts, a new analysis tool found that 34,200 had security vulnerabilities. Before we transition to a blockchain-based digital economy, we need to address the flaws in this system.
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Eight Ways Blockchain Will Impact The World Beyond Cryptocurrency
YEC MAR 9, 2018 @ 09:00 AM
https://www.forbes.com/sites/theyec/2018...ad54c71883
Quote:Banking and Payments
Cybersecurity
Internet of Things
Unified Communications
Government
Crowdfunding and Donating to Charities
Healthcare
Rentals and Ride-sharing
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Why Accenture Has The Most Blockchain Job Openings In The World
MAR 9, 2018 @ 11:51 AM Jeff Kauflin
Quote:But why does Accenture need to use blockchain to link entities together privately, instead of a simple database? According to David Treat, managing director and co-head of Accenture’s global blockchain practice, it comes down to trust. Historically, organizations have rarely trusted one company to become a central data repository, “either because of the proprietary value of their data or due to a lack of trust in others.” With blockchains, multiple parties maintain a replica of recorded transactions that can't be changed.
Nice insights on why Blockchain is more than "just a new database system".
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(10-03-2018, 10:54 AM)Wildreamz Wrote: Why Accenture Has The Most Blockchain Job Openings In The World
MAR 9, 2018 @ 11:51 AM Jeff Kauflin
Quote:But why does Accenture need to use blockchain to link entities together privately, instead of a simple database? According to David Treat, managing director and co-head of Accenture’s global blockchain practice, it comes down to trust. Historically, organizations have rarely trusted one company to become a central data repository, “either because of the proprietary value of their data or due to a lack of trust in others.” With blockchains, multiple parties maintain a replica of recorded transactions that can't be changed.
Nice insights on why Blockchain is more than "just a new database system".
It's not a new database system at all, been around for decades.
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Here’s What Happens When Bitcoin Just Keeps Forking | CNBC
Published on 8 Mar 2018
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11-03-2018, 10:41 AM
(This post was last modified: 11-03-2018, 10:44 AM by Wildreamz.)
(10-03-2018, 01:38 PM)BlueKelah Wrote: It's not a new database system at all, been around for decades.
Let's add some perspective: Computers (loose definition) have been around for centuries. The first computer programmer was a woman who lived in the 19th century:
And computer really only went mainstream in the 70s (dawn of consumer PCs), took off in the 90s, and mass adoption only started with the advent of the smartphones in the early 2010s.
The Internet as we know today (www) is about 30 years old. But even with the invention of smartphone, global internet penetration is only about 50% ( https://en.wikipedia.org/wiki/Global_Internet_usage) and heavily concentrated in developed nations.
![[Image: SLlzYYQ.png]](https://i.imgur.com/SLlzYYQ.png)
There are several concepts behind Blockchain (cipher, public-keys, block encryption etc.) some of it has been around for centuries as well ( https://www.quora.com/How-old-is-the-tec...blockchain). The novelty is with using the existing concepts in combination (isn't any innovation like this?), and applying the technology to novel business models and applications. We are only at the beginning of the early public adoption phase and I don't think we even past the "Peak of Inflated Expectation Phase" yet.
By keeping ourselves informed, we may be able to identify the next Apple, Microsoft, Amazon, or conversely, avoid the next AOL, Yahoo and Pets.com 
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