Virtual reality beats blockchain as the hottest job in tech – Decrypt

Blockchain is no longer the most desirable job in the technology industry, according to a new report by the job site, Hired. Blockchains out, and virtual realitys in.

Job demand for augmented and virtual reality (AR/VR) engineers increased by 1,400% in 2019. In comparison, the demand for blockchain engineers increased by just 9 percentfar lower than the 517% rise it saw in 2018.

While the blockchain sector grew rapidly in 2018, fuelled by the late-2017, early-2018 bull run, crypto prices stagnated across the board and many companies were forced to let staff go. However, without facing the same kind of difficulties, AR/VR has been able to flourish.

Is blockchain losing its allure? Image: Shutterstock.

We see the growth in AR/VR demand as a direct reflection of the technology itself coming of age for a broader swathe of business outside of gaming, wrote Hired. From beauty companies like Sephora to furniture retailers like Wayfair, many different types of companies are embracing the capabilities of these world building and enhancing technologies.

Hireds findings clash with those from another site for professionals, LinkedIn. In a report released last month, LinkedIn found that blockchain is the top hard skill that employers in the US, the UK, France, Germany, and Australia are looking for in 2020. And job postings for blockchain roles increased by 26% in 2019.

The different figures could be due to the different datasets: LinkedIn and Hired likely attract slightly different employers onto their sites.

But the good news for blockchain developers is that they still make top dollar. According to Hireds report, they are earning $162,000 per year in 2020. Perhaps they dont need a bull market after all.

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Virtual reality beats blockchain as the hottest job in tech - Decrypt

Hyperledger’s Behlendorf on embracing Ethereum, why enterprise blockchain will be permissioned indefinitely – Ledger Insights

This is the first part of an extensive interview with Hyperledger Director Brian Behlendorf in advance of the Hyperledger Global Forum which takes place in Phoenix USA on March 3-6. Register by February 18th to get the discounted rates. This code will provide a 20% discount for individual and corporate, non-member registration: HGFLEDGER20

Thejourney started with a 2016 visit to Shanghai

Behlendorf: I guess the kind of biggest thing that came in last year was Hyperledger Besu, and one of my first trips as the leader of this project was to China in 2016 to the second Ethereum Devcon in Shanghai. Mainly I wanted to go because I wanted to learn more about Ethereum. And I actually had met Vitalik and Bo Shen when they did their original ICO fundraise for this a year earlier.

Butreally, I wanted to see what the developer community was like aroundit and be super sharp about where we were going to positionHyperledger when it came to permissioned versus permissionlessblockchains.

Becausecertainly at the time, and even to a large extent today, thetechnology worlds behind public and permissioned are very differentand very different consensus mechanisms; very different algorithms;communities of developers with very different ideas about use casesand that sort of thing.

Aspectrum from permissioned to public

Butwhat became clear to me while there, was that it was eventually goingto be more of a spectrum. That as permissioned blockchains gotlarger, they would probably need to inherit and learn from theexperiences and maybe even adopt some of the algorithms that thepublic ledger communities were starting to pioneer.

Notso much around proof of work. I think theres still a lot ofskepticism in the enterprise space around that, if only for theenergy load, that sort of thing. And not so much for the DAOdistributed autonomous organization kind of automated robotization ofmanagement kind of ideas.

But partly for how do you do these things really at scale? And so I felt it was important to have an olive branch out to that community. And make sure that as the permissioned side of the blockchain world grew in acceptance and deployment, that we could evolve Hyperledger to a point where it could serve as a bridge across the spectrum.

Iwas still pretty adamant I did not want Hyperledger to be running amain net or a token. I told people that youll never see a hypercoin. I still believe that. And thereby avoid the minting money outof thin air kind of thing.

ConsenSyswas part of original 2015 Hyperledger cohort

LikeI said, it was important to be close to the technology, and thatmeant being close to ConsenSys. ConsenSys was one of the companieswhich was in the initial cohort ofcompaniesinvolved with Hyperledger at the announcement in 2015, and they werearound for a year. They kind of went off and focused on publicblockchains and the ICO market for a while.

Butstarting about two years ago, they cameback around and realized the enterprise space was going to beimportant to them. And prior to last year, one project came in calledBurrow, which was a tiny piece of Ethereum technology, as well as arelationship with the EnterpriseEthereum Alliance.

Sowhen ConsenSys said: Hey, weve been building this alternativestack for Ethereum enterprise technologies that could run both publicmain net Ethereum, as well as permissioned blockchains, and werebuilding it to be Apache licensed, it felt like ready-made forHyperledger.

Soa lot of diplomacy, (we had) a lot of conversations with engineersabout how open source works, but also how Hyperledgers communityworks, through a lot of conversations with the existing Hyperledgercommunity leaders. We brought in Besuand had a very frank and public conversation about how all of thisshould work. And that led to the project being accepted. And now itsin.

Theroyal flush of enterprise blockchain approaches

Imnot going to say that were done adding new frameworks. But the sixthat we have now represent a pretty royal flush of all the differentkinds of approaches I think you could take to building enterpriseblockchains.

Fabric,which is very much like the granddaddy of the project, it just hit2.0. You saw the announcementof that. Its still the most widely deployed enterprise blockchainplatform out there. Very flexible, very much an operating system,very generalizable.

Andthen, weve got the one focused on identity (Indy).Youve got the one focused on digital assets, Iroha.The one focused on being a bridge to public and private being Besu.And then Sawtoothwhich is still a more experimental platform. Those six (includingBurrow),I dont know if theres room for a seventh, to be honest.

Thecommunity will decide

Thegood news is its not up to me. Its really up to the community.

The community had to be convinced there is room for Besu, as a number six. I would say we might even consider seeing consolidation before we see expansion of that set, but anythings possible.

Itshard for me to say that theres a major missing approach to buildingdistributed ledger now inside Hyperledger.

AnotherEthereum link Hyperledger Avalon

Wevehad a few other projects come in recently, such as HyperledgerAvalon, which is the main other one that Ill highlight. Avalonis an implementation, actually again its Ethereum related because itis implementing a specification that came out of the EnterpriseEthereum Alliance around what they call the TrustedCompute Framework.

Itsa generalizable way of trying to describe privacy on blockchains,whether thats implemented through secure enclaves, like Intelschips or through zero-knowledge systems. And in doing that it mightbe a way for us to bring that better balance between confidentialityand auditability, which is the whole point of using blockchainsanyways. If you want confidential, dont put it on a blockchain,right?

Butwhat we also want is the ability to, you know, track spending, theability to track a diamond as it goes through the supply chainwithout revealing every intermediarys complete business flows.

Soproject Avalon is really about moving us further along those lines asa whole community. Its more of a library. Its more of a set ofconcepts and tools right now. But I hope that well start to see thefirst deployment of that into at least pilot environments this year.

Q:Can you clarify your relationship with the Enterprise EthereumAlliance (EEA)? Because as an outsider you look like you have moreand more overlap.

SoI see some pretty sharp distinctions. One is, and this is true in alot of other technology domains, its really, really good to have astandards body in a domain separate from the leading open sourceproject in a domain or from the open source projects in a domain.

Thekinds of stakeholders you want to pull together around a standard.The kinds of IP processes you want to manage in the development of astandard. The fact that (for) a standard, once you eventually set it,it (should) not really be changed all that often. So theres a lot ofpressure when you publish it to make sure youve gotten it exactlyright.

Whereaswith software these days, you know, being agile and publishingupdates frequently and continuing to refine and add features, thatsort of thing is important.

Allof these lead to very different collaboration cultures and differentorganizational structures, even different agreements between theparticipants. And so weve always said that Hyperledger is not astandards body. And its important for somebody else out there to bedoing that kind of work.

Ifnot the EEA then another standards body

Soif the EEA hadnt come along, I would expect that you would have seensome other type of enterprise blockchain standards alliance comealong that perhaps wasnt directly focused on Ethereum. Andobviously, theres standards efforts at ISO and the identity relatedstandards work and a couple of other works, and all that iscompletely compatible with Hyperledger.

Itsnice for the development teams at Hyperledger to have the choice ofwhich standards to implement, how quickly, and potentially even comeup with new de facto standards that could eventually get proposedupstream to somebody elses standards body.

Sothats going to be a pretty sharp distinction between us and the EEA.And thats borne fruit for us in, for example, project Avalon.Hyperledger being able to now take this standard defined elsewhereand build implementations of it. So thats something that I think isimportant to keep in mind. And its always good to know where theboundaries are in any relationship like this. Thats just kept itvery productive.

Q:Do you have any views on the path of some applications moving ontopublic?

Ithink its inevitable that there will be some applications running onthe public ledger networks. DeFi seems to be the kind of thing takingoff there. But I think the vast majority of transactions for ageneration at least, and I dont see any reason why this changesafter the generation frankly, will take place on permissionedblockchains.

Thereasons for that include a blockchain use case will probably define acertain jurisdictional kind of coverage. This blockchain is governedby the laws of country X or GDPR or something like that. And often,those regulations will have some sort of data residency requirements,and privacy requirements that will be really hard to enforce if youdont have the ability to bind all the different participants with acopy of the dataset to a set of agreements.

Hopefully,you can use smart contracts and others to provide a lot ofconfidentiality. But you know, if you and I have some sort ofbusiness arrangement and you end up with a copy of data, theres nosmart contract in the world that can delete that data out of yourhands if I wished it.

Therehas to be, in many cases, a contractual relationship between partiesthat describes the use of that data no matter how thoroughly weveencrypted it on whatever blockchain were using. And so for mostparticipants, most people, theyll want that kind of agreement boundinto the network.

Permissionedbut more decentralized

Nowthe thing that permissioned networks need to do is themselves be moredecentralized than many of the ones that you see today. I think, manyof these networks that have launched, theyre still somewhat in theirearly stages, where it makes sense to have one technology partner tohelp bootstrap to get everyone on board and push it forward.

Butmy take is, as soon as theyre in production, you should be open toadding nodes to that network, not only from other end users. If itsa banking network from other banks, that sort of thing if theyqualify and are able to sign whatever participation agreement isrequired. But also from other technology providers, from other cloudproviders or from nodes that are hosted by the end users themselves.

Ithink if you do that, and then I think if you also make it easy forsmall and midsize businesses to either participate as kind of fullyvested citizens on a blockchain, able to submit transactions, reviewtransactions, confirm the validity of transactions. Or do thatthrough an intermediary of some sort, with the choice of who to trustin doing that. If you make it easy for small, midsize businesses tojoin these blockchains, then that basically erases the advantage ofdoing some of these things as a public blockchain, which isaccessibility.

Accessibilityand blurry lines between permissioned and public

Arguablythats the main reason why advocates of public blockchains forenterprise use cases are advocates. They say its because then youdont have to ask anybody for permission. You just jump on and startengaging. I have no doubt that even enterprise stuff done on publicchains will still implement access control, or KYC (know yourcustomer) or some other type of criteria threshold in order toparticipate.

Andso I think this is why Im saying that the line between permissionedand public will get awfully blurry. I do think that the vast majorityof transactions will be taking place on permissioned blockchainsindefinitely. Just because thats an architectural model that mosttechnologists and most companies are going to find more familiar.

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Hyperledger's Behlendorf on embracing Ethereum, why enterprise blockchain will be permissioned indefinitely - Ledger Insights

Tavittcoin leaves Ethereum and Waves and migrates to the TRON blockchain – Crypto News Flash

According to a new post, Tavitt Co., Ltd, reported that it will enter the BitTorrent BTFS ecosystem. In addition, Tavittcoin will be transferred to TRONs TRC20 blockchain and will no longer use the Ethereum and WAVES platforms. Tavitt will establish a period in which Tavittcoin users can move to the TRON blockchain.

According to the publication, the main reason for the migration to the TRON ecosystem is the potential reach in number of users that will benefit Tavitt. Tavitt is a platform that provides recommendations and content about tourist sites around the world to travelers who can profit from their trips. Through Tavittcoin, users can earn revenue from travel and from travel routes they can design themselves. Tavitt Co., Ltd. was established on May 16, 2014 in Thailand.

About 100 million users worldwide use BitTorrent, and the BTFS ecosystem provides tools that are unmatched by its competitors. Tavitt is interested in applying these tools to develop new use cases for Tavitt and Tavittcoin. For example:

Tavitt users hope to get more information about traveling, they can download a wide range of contents from BTFS. Travelers can also manage these contents while traveling by using BitTorrent Remote. It is useful to be able to display desirable contents / media in the case that you are offline when there is no internet available while at the traveling destination.

According to the publication, the BitTorrent ecosystem and the TRON blockchain will be a must for the development of decentralized applications (DApp) in the future. Specifically, Tavitt hopes to develop better applications for travelers.

The crypto community has discussed the progress that TRON has made over its competitors, especially the advantages of the TRON blockchain against Ethereum. Blockstream CEO Adam Back said in a Twitter discussion that TRON is superior to Ethereum. In addition, the Tron Foundation has better funding for the development of its projects.

Back received criticism for his claims that became more controversial when he was seen posing in a photo with TRON CEO Justin Sun. This was the beginning of the rumor that TRON might move to the Bitcoin-based Blockstream liquid network. As of yet, this information has not been confirmed and remains a possibility.

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Last Updated on 12 February, 2020

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Tavittcoin leaves Ethereum and Waves and migrates to the TRON blockchain - Crypto News Flash

Figure Technologies Introduces New Blockchain Character Who Explains Benefits of DLT in Order to Help Firm Compete with Financial Giants – Crowdfund…

Lending firm Figure Technologies is betting on an animated character, called Blockchain, which the firm is hoping will allow it to become more competitive against large financial institutions which currently control most of the businesses that the startup is planning to transform.

As explained via a video ad campaign scheduled to be released this coming Tuesday, Blockchain the character talks about how blockchain or distributed ledger technology (DLT) has been developed and why it might be beneficial.

Figure Technologies lending platform has been launched on a blockchain network. Its essentially a bookkeeping system operated by a network of computers. If people are able to understand how it works, then they might decide to use the companys products and services, Figures senior executives told Reuters.

Brad Simmons, Figure Technologies CMO, stated:

Now is the perfect time to educate consumers.

The firm didnt publicly share exactly how much capital it has allocated towards the development of the Blockchain character project. However, the company did confirm that its Ads would be broadcasted live on online and television platforms.

Figures mascot, which is notably four gray blocks with metal links hanging from its sides, aims to take on the personality of a young tech-savvy salesperson who explains how great of an invention blockchain or DLT is.

The Blockchain character talks to another character with a beard, who is eating instant noodles so hes able to save enough money to pay off his student loans (a huge problem in the US). Blockchain, the character, is also seen talking to a couple interested in obtaining a home loan at a brick-and-mortar bank branch.

Mike Cagney, former CEO at Social Finance (SoFi) Inc, established Figure Technologies back in 2018. Cagney had left his role at SoFi after company workers had claimed that the office environment had become increasingly hostile to female employees and was allegedly enabling senior executives to harass them.

Cagney claims he left the firm because he didnt want to distract the firm from its main focus, which would be its actual business operations.

SoFi managed to grow rapidly after a long recession by refinancing student loans at highly competitive rates for college graduates with potentially great careers ahead of them.

Cagneys new project, Figure Technologies, has mainly focused on managing home-equity loans and aims to streamline routine business processes, while making it more economical and secure compared to traditional lenders, by leveraging blockchain tech.

During the adverts, the Blockchain character points out that most people still dont understand how blockchain or DLT actually works.

The character remarks:

Youve either heard of me and you dont know what I do, or youve never heard of me and you dont know what I do.

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Figure Technologies Introduces New Blockchain Character Who Explains Benefits of DLT in Order to Help Firm Compete with Financial Giants - Crowdfund...

HIVE Blockchain Updates on Anticipated Cost Reductions; Announces RSU and Option Grants – Yahoo Finance

ZUG,SwitzerlandandVANCOUVER, Feb. 10, 2020 /CNW/ - HIVE Blockchain Technologies Ltd. (HIVE.V) (HVBTF) (the "Company" or "HIVE") is pleased to announce that it now anticipates an approximately 40% reduction in the Company's operating and maintenance costs at its GPU mining facility in Sweden , compared to such costs under its previous service provider agreement which it ended in November, 2019.

The updated cost reduction figure is higher than the approximately 25% that the Company had previously anticipated, as announced in its December 2, 2019 press release. This improvement is the result of locking in a lower than anticipated electricity rate, stemming from an unusually warm winter in Sweden , for a majority of the Company's electricity costs via hedging agreements that will continue through 2020. Electricity, which is provided through green energy, comprises the majority of the Company's operating and maintenance costs.

"We're extremely pleased to have locked in advantageous electricity prices in Sweden through our direct agreements with local suppliers, the result of HIVE assuming full control of its Sweden operations in November," said Frank Holmes , Interim Executive Chairman of HIVE. "This provides cost certainty and allows us to plan for our next stage of growth. It is another successful step in our efforts to increase our underlying mining profitability in 2020."

HIVE is one of the world's largest public miners on the Ethereum blockchain. The Company's Sweden facility comprises the bulk of HIVE's current mining operations, along with a significantly smaller GPU mining facility in Iceland . The Company has previously announced it is reviewing opportunities to improve profitability at its Iceland facility or relocate its GPU mining equipment there to a lower cost jurisdiction.

"For the past two years, HIVE's share price has been relatively correlated to the price of Ethereum, in part due to traders using our publicly listed and relatively liquid shares as a proxy for holding the cryptocurrency," noted Mr. Holmes. "That correlation unfortunately became decoupled last spring following our proxy battle. However, we are pleased that thus far in 2020, our efforts through 2019 to assume control of and improve our mining operations combined with the increasing adoption of the Ethereum blockchain and increasing investor interest in cryptocurrencies and blockchain technology, has resulted in similar investor interest in HIVE."

The Company also announced that the Board of Directors has approved the grant of 3,000,000 incentive stock options; 500,000 options each were granted to the Company's directors and certain officers which vest over 24 months. The options are exercisable into the equivalent amount of common shares of the Company at a price of C$0.29 per share. The grants are subject to the approval and rules of the TSX Venture Exchange and the Company's incentive stock option plan. All options will expire on February 10, 2030 . The Company's Board has also approved the grant of an aggregate of 3,100,000 restricted share units ("RSUs"); 500,000 RSUs each were granted to the Company's directors and certain officers, and 100,000 to a consultant to the Company which vest over 24 months. Each vested RSU entitles the holder to receive one common share of the Company.

Prior to the grants, the Company had approximately 327 million issued and outstanding common shares and approximately 18 million stock options.

The Company's Stock Option Plan and Restricted Share Unit Plan were re-approved by shareholders at HIVE's 2019 annual meeting of shareholders on December 18, 2019 .

AboutHIVEBlockchainTechnologiesLtd.

HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art GPU-based digital currency mining facilities in Iceland and Sweden , which produce newly minted digital currencies like Ethereum continuously as well as cloud-based ASIC-based capacity which produces newly minted digital currencies like Bitcoin. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a growing portfolio of crypto-coins.

Story continues

For more information and to register to HIVE's mailing list, please visit http://www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE's YouTube channel.

OnBehalfofHIVEBlockchainTechnologiesLtd.

"FrankHolmes"

InterimExecutiveChairman

NeithertheTSX VentureExchangenor itsRegulationServicesProvider (asthat termisdefinedinpoliciesof theTSXVentureExchange) acceptsresponsibilityfor theadequacyor accuracyof this newsrelease.

Forward-Looking Information

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes, but is not limited to, statements regarding the anticipated reduction in the Company's operating and maintenance costs at its GPU mining facility in Sweden , its anticipated beneficial impact on the Company's gross mining profit, the increasing adoption of the Ethereum blockchain and increasing investor interest in blockchain technology and cryptocurrencies; and, the Company's future plans and opportunities.

Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, recent upgrades and increased minted Ether coins may not have a positive impact on HIVE's revenues, or gross mining margin; the Company may never realize more efficient operations, a lower cost structure, or greater flexibility in operations; and other related risks as more fully set out in the Filing Statement of the Company dated September 13, 2017 and other documents disclosed under the Company's filings at http://www.sedar.com.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the positive effects of recent upgrades and increased minted Ether coins. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

SOURCE HIVE Blockchain Technologies Ltd.

View original content: http://www.newswire.ca/en/releases/archive/February2020/10/c2687.html

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HIVE Blockchain Updates on Anticipated Cost Reductions; Announces RSU and Option Grants - Yahoo Finance

Tether Launches USDT Stablecoin on Algorand Blockchain – Cointelegraph

Leading stablecoin operator Tether launched its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake (PoS) blockchain.

In a press release on Feb. 10, Tether announced that USDT on Algorand will feature confirmation times as low as four seconds and transaction fees of a fraction of a percent. Tether chief technology officer Paolo Ardoino said:

Our latest collaboration with Algorand leverages the speed and security of Algorands protocol to give traders fast settlement and reduced counterparty risk in their fiat to digital asset transactions.

When asked whether Tether plans to launch USDT on more blockchains, Ardoino told Cointelegraph that the firm is exploring launching Tether on two other major blockchains but could not say which. He also noted that also the firms gold-backed token Tether Gold launched in late January will be issued on more blockchains.

Per the release, Tether is the first stablecoin that launched on Algorands blockchain. So far, USDT has already launched on Ethereum, EOS, the Liquid Network, Omni and Tron (TRX).

USDT is the leading stablecoin on the market and as of press time it has a market value of $4.6 billion and reports a 24-hour trading volume of $46.1 billion according to CoinMarketCap.

Major financial institutions including central banks and major technology and financial services firms have entered the stablecoin space.

In March, Cointelegraph reported that six international banks have reportedly signed letters of intent to issue their own stablecoins backed by their national fiat currencies on IBMs now-live blockchain-powered payments network, World Wire.

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Tether Launches USDT Stablecoin on Algorand Blockchain - Cointelegraph

Tether on Algorand Algorand cements its position as a major Ethereum challenger for 2020 – Blockmanity

Tether, the worlds most used stablecoin, with an estimated daily trading volume of 40-64 billion announced that they will be partnering with Algorand. Traders will now have the option to use the USD-backed stablecoin on the Omni, Ethereum, Tron, EOS, and Algorand blockchains. Regarding this collaboration, Paolo Ardoino Tether CTO said:

A key strength of Tether is that it is underpinned by a rich diversity of different blockchains, said Paolo Ardoino, CTO at Tether. Our latest collaboration with Algorand leverages the speed and security of Algorands protocol to give traders fast settlement and reduced counterparty risk in their fiat to digital asset transactions. Tether and Algorand both share a desire to keep building next-generation financial products and we feel our growing customer base will appreciate and benefit greatly from this collaboration.

Tether as an ASA (Algorands equivalent for ERC-20) opens doors for other stablecoins, security tokens and assets as well. Tether currently has a 44 billion-plus daily trading volume. Additionally, stablecoins capture more than half of ETHs current daily volume and can benefit greatly through Algorand Blockchain.

One of the most significant factors inhibiting the mainstream adoption of cryptocurrencies is its price volatility. Think about it, if the price of an asset fluctuates continuously, why would someone want to own it? This is why stablecoins are a critical part of this ecosystem. Fiat-collateralized stablecoins will act as a simple portal into the crypto world for both institutions and investors.

Traders and Exchanges extensively use Tether to conduct various trades:

However, the underlying blockchain architecture has hindered the widespread adoption of stablecoins, due to the following reasons:

Led by Turing award winner, Silvio Micali, Alogrand is a public, permissionless, proof-of-stake blockchain that is currently working on creating a borderless global economy. Algorands inherent design and architecture enables it to easily conduct 1000 transactions per second and a block production time of 5 seconds per block. To put those numbers into perspective, Ethereum manages <25 transactions per second and has a block production time of 15 seconds.

On top of that, Algorands pure proof-of-stake protocol ensures 100% finality. Blockchains like Ethereum, which execute the proof-of-work protocol, are always susceptible to forking i.e. when a blockchain diverges into two paths. The Algorand blockchain, on the other hand, can never fork due to a property called immediate transaction finality. You can go to the linked article to know more about this property, but to summarize two blocks can never be added to the chain since a block can only be added after it receives the minimum amount of votes.

Algorand will provide a highly scalable platform for Tether function at its maximum capacity. On the other hand, Alogrand can leverage Tethers immense popularity to attract more users and institutions to its platform. Not only will this increase the platforms usage, but potentially bring in more developers and applications as well.

In the process, Tether has also become the latest high-profile project to collaborate with Algorand. The well-known decentralized exchange, IDEX, announced that theyd be partnering up with Algorand to create a new version of their exchange. Algorand will also be collaborating with promising projects like AssetBlock, Reach, DUST Identity, and established organizations like the World Chess Federation and the Italian Society of Authors and Publishers. Its native token, ALGO, has also been listed on multiple exchanges like Binance, CoinBasePRO, Huobi, Kraken, and several others.

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Get the latest news on Blockchain only on Blockmanity.com. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

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The State Of Blockchain 5 Years From Now Feat. Josip Heit – Coindoo

Blockchain didnt gain much attention until the price of Bitcoin reached parity with the price of gold. This was the start of the first institutional fear of missing out (FOMO) on blockchain technology in 2017. Many companies incorporated blockchain and the fascinating and intriguing use-cases that followed afterward caught the interest of institutional giants like IBM, Microsoft, JPMorgan, Accenture.

Since then, blockchain has found increasing use-cases in almost all aspects of human life. This technology is poised to get rid of middlemen, astronomically improve the transparency of business processes, improve security, lower the costs of operations, and improve efficiency in business transactions globally.

The more people argue that blockchain is a relatively new technology, the more it penetrates business processes as an enterprise technology, said the Chairman of the Board of GSB Gold Standard Banking Corporation AG, Josip Heit.

Josip Heit is a renowned blockchain proponent who has changed the face of the modern payments industry. An opportunist finds opportunities even if the situation doesnt presently look like it provides said opportunity. First movers in any industry always have greater benefits, and the blockchain industry hasnt been an exception.

According to Heit, any industry that values customers privacy and security will inevitably move to blockchain or face the risk of becoming redundant in the next five years.

The potentials that lie within the blockchain industry are boundless. This space has been identified as one of the fastest-growing sectors in the past and present decades. According to MarketWatch, the global market for blockchain was sitting at $708 million in 2017 and is anticipated to reach $60.7 billion in 2024.

Among the limitless applications of this technology, the following are three intriguing ways in which blockchain will transform the face of the business world.

A non-fungible token is a select type of cryptographic token that represents something unique. Consequently, non-fungible tokens are not mutually interchangeable. Regular digital currencies, on the other hand, are fungible and can be easily transferred. NFTs are commonly used to store much more complex and specific information.

The application of NFTs can be seen in making, managing, and transferring the rights of real-world assets securely and transparently.

Government-issued documents such as birth certificates, property registers, marriage certificates, scores for nutritional classes and drivers licenses, and more can all be tokenized via NFTs.

Consumers in retail may use blockchain to test the authenticity of luxury goods. Digital items, goods, or tickets can easily be stored as NFTs on blockchains.

According to Josip Heit, the Chairman of the Board at Karatbars, with the adoption of NFTs in the coming years, it will be easy for individuals and the governments to prove legal ownership of properties. The difficulties brought by missing land documents will be gone.

The advent of the internet brought an astronomical increase in identity theft and cyberattacks, which have eaten deep into the fabrics of our cyberspace. Blockchain brings a new form of identity verification to the forefront to protect users information.

Self-sovereign identity would enable users to maintain a single digital identity through multiple platforms while selecting specific details that they wish to share publicly.

This is the future of privacy. Users will no longer be at the mercy of data brokers and data collection centers. This identity management approach will radically change the current digital economy, which has before now made personal data a commodity.

The United Kingdom reportedly spent approximately 3.3 billion euros on identity management processes in 2014. In addition to the benefits that blockchain brings to an ordinary user, it could also cut down government spending.

With the blockchain identity management system, data related to Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) will be transferable from one bank to another in a cost-effective way, without compromising security.

A smart contract is a code designed to remotely initiate, validate, or execute a contract or agreement. Smart contracts enable trusted business deals to be carried out without the need of third parties that could negatively influence the process.

Not only does this system get rid of hefty fees charged by third parties, but it also eliminates bias as well as human factors and ultimately brings a higher degree of transparency. Heit claims that smart contracts are fast becoming the 21st-century digital lawyers.

While there are many critics of blockchain and cryptocurrencies, this space continues to find use cases across various industries. Its interesting how nations like China, the UAE, and Singapore are currently competing on who will lead the age of the digital economy and blockchain.

This signals a mass adoption of blockchain technology. Sooner than later, blockchain is going to rise and get the long-awaited attention and interest it deserves.

Featured image: naaim.org

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The State Of Blockchain 5 Years From Now Feat. Josip Heit - Coindoo

Will 2020 Be The Year Cryptocurrency And Blockchain Becomes Operational? – Forbes

Getty

There is no doubt that 2019 was the year of enterprise blockchain adoption. The buzzword of blockchain and cryptocurrency was humming as giants tech giants like Microsoft, IBM, AWS, Oracle and many, many more started testing the waters. Even in the cryptocurrency space, Banking giants and payment companies like JPMorgan, Wells Fargo, Square, Circle, and Skrill all saw growth in deciding to offer cryptocurrency services.

However, in the last three years where blockchain and cryptocurrency have managed to emerge into the mainstream light, there has yet to be a solution that is entirely solved by this emerging technology. As the saying goes - Blockchain is a solution looking for a problem.

The problem is, as this hunt to become operational and usable enters its fourth year in earnest the lustre of the technology and its financial offshoot, cryptocurrency, starts to wear off.

As an article from Adrienne Jeffries at the Verge titled Blockchain is meaningless explained: The idea of a blockchain, the cryptographically enhanced digital ledger that underpins Bitcoin and most cryptocurrencies, is now being used to describe everything from a system for inter-bank transactions to a new supply chain database for Walmart. The term has become so widespread that its quickly losing meaning.

Part of the issue is that blockchain is still a very young technology - despite being over 10 years old. It managed to bubble under and meet the needs of a fraction of the global population before being thrust forward and demanded to handle the worlds problems. Operational problems still persist with blockchain; from scalability, speed and cost, interoperability and the decentralized / centralized battle among the private and public chains.

Still, 2020 could be - or needs to be - a turning point for the industry and there are signs that companies are looking to make the technology work for them.

Square, the fintech payment company headed up by the affable Jack Dorsey has long had an interest in cryptocurrency. They included it in their platform and have been seeing niche usage, pinning it as something for the future. However, the irony of championing Bitcoin from a payment service is the same as a store proclaiming it only accepts solid gold for its goods.

Bitcoin has set its designation on being a store of value for a few reasons. Firstly, it has, for the most part, been on an upward trend in value and thus is not something people want to part with. Secondly, it is simply not a good payment tool as it is not instant and it has variable transaction fees.

But, it was announced by Dorsey that his payments company was taking a leap to make Bitcoin more usable for payments by looking to build on the Lightning Network. The Lightning Network is a "Layer 2" payment protocol that operates on top of a blockchain-based cryptocurrency (like Bitcoin). It enables fast transactions among participating nodes and has been touted as a solution to the Bitcoin scalability problem.

This would indeed help cryptocurrency become more operational, and for a company like Square, it could open up some big doors for its users who can take advantage of Bitcoins decentralized global network.

The issue is that the Lightning Network is probably more rough and embryonic than Bitcoin, it is still being refined and developed and is far from a polished product. So, in terms of making a solution for the use of cryptocurrency in an operational sense, there needs to be other quick-fix solutions.

Using Bitcoin at a point of sale is not that uncommon, in fact, it can be spent at places like Starbucks, Wholefoods, Nordstroms and other major retailers thanks to another company providing a cryptocurrency point of sale - Flexa.

But again, this solution relies on a lot more than just making Bitcoin spendable, there needs to buy in from merchants at critical mass - and this is a problem as outlined by Forbes. But, it is not only about Bitcoin being a spendable asset, it is also about normalizing and legitimizing it to the point where companies are not ashamed of it.The problem is, Starbucks, along with every single one of a huge group of giant enterprises now accepting cryptocurrency as payment, seems to be having trouble admitting what theyre doing. As a photograph of the receipt for the transaction was taken, one member of the Winklevoss entourage recommended that Cameron [Winklevoss] cover up the Starbucks logo with his thumb. Theyre not participating in the first announcement, she reminded Cameron.

A little further south, In Venezuela, there is another big name that is happy to accept Bitcoin - but again, it is not as simple as relying solely on the technology. Burger King restaurants in Venezuela now accepting cryptocurrencies thanks to crypto company Cryptobuyer.

Burger King will trial the system at its premises in the Sambil Caracas shopping mall with plans to roll out the system to all of the countrys forty restaurants in 2020. While this sounds promising, it is still a case of a digital island, as coined by the World Trade Organisation.

Being a digital island is a big factor to consider in the blockchain space, and leads onto another major problem with the technology that is spreading to lots of little islands across the globe - interoperability.

It could be argued that one of the big problems holding blockchain back from being globally operational is interoperability. As solutions are built, piloted, and worked on, they remain isolated and siloed - this is especially true with private blockchains such as IBMs Hyperledger which makes up a big portion of major companys blockchain solutions. In fact, more than 50 percent of Forbes Blockchain 50 list use Hyperledger, but for the other half, there would be no way to link these solutions together.

Even the World Trade Organisation has highlighted the need for interoperability in the progress of blockchain technology in their paper titled: Can blockchain revolutionize international trade

The development of interoperability solutions is therefore critical to avoid conflicts between disparate approaches and ensure that blockchain networks talk to each other, thereby allowing the technology to be used to its full potential. The Blockchain community is well aware of the stakes at play and is actively researching technical Solutions, explains the WTO.

While the idea of different blockchains interacting with one another still seemed a distant possibility just a year or two ago, concrete solutions are now starting to Emerge.

The WTO goes on to talk about solutions that have been around since 2018, such as the Enterprise Ethereum Alliance, which is an open-source cross-platform standards-based framework for Ethereum-based permissioned blockchains that would allow interoperability

between permissioned blockchains built on the Ethereum public blockchain.

More so, The WTO also mentions that for a truly global blockchain system interoperability will have to be achieved - which seems unlikely in the coming year - or at least bridges across the blockchains. One of the more recent bridging solutions mentioned relate to a bridge protocol launched by Syscoin that links to Ethereum, one of the biggest usable blockchains around.

By forming an interoperable bridge to Ethereum Syscoin demonstrates the potential of having just two chains operating together. Enterprises that look to make blockchain more usable by choosing platforms like Syscoins Z-DAG (Zero-Confirmation Directed Acyclic Graph) network for faster transactions then also benefit from holding onto the power of Ethereums smart contracts.

As an example, prevalent in the cryptocurrency space today, USDT, a stablecoin pegged to the US dollar and asset reserves managed by a company called Tether sees its transactions comprising of 50 percent of Ethereums network transactions. If this could be 'outsourced' to a different chain while keeping its characteristics, the benefits to both the USDT and Ethereum networks help enable both to be more usable.

Yet again, the concerns are that full interoperability solutions are still a few years away as it has been seen that this issue was being addressed as far back as 2017 as companies behind three blockchain platforms Aion, ICON and Wanchain announced the creation of a new advocacy group, the Blockchain Interoperability Alliance. This alliance was aimed at developing globally accepted standards to promote greater connectivity and interoperability between the disparate blockchain networks.

Do or die

It may be a little early to be hitting the panic buttons on blockchain not reaching its potential and then falling off the radar only to be a wasted opportunity, but cracks are showing.

In 2018, Cisco took only 18 months of blockchain research to realise that there was no immediate future for them in the space and shut down their whole division.

It will take a while for the many players in the complex markets to get up to speed told Anoop Nanra, head of the companys blockchain initiative, to CNBC.

What needs to be achieved may not be a full level adoption and operational relevance of blockchain this year, but without a big breakthrough stride there could well be questions asked at the end of the year as to where next for the technology.

More here:

Will 2020 Be The Year Cryptocurrency And Blockchain Becomes Operational? - Forbes

As the WEF Warms Up to Crypto, Its Head of Blockchain Talks Empowerment – Cointelegraph

The 50th World Economic Forum is over, and Cointelegraph was happy to cover the most important highlights from the event and reflect on the role of crypto in Davos discussions.

The person who knows more than anyone about the potential that our favorite technology could have on the WEF community is its head of blockchain and decentralized ledgers. Sheila Warren joined the WEF team in 2018, several months before the 48th event was held. Since then, she has been working on promoting blockchain within the worlds most influential economic community.

I talked with Sheila last year, 11 weeks after she had her third baby. We had the interview over the phone because she was feeding her child while talking to me. I was fascinated from the beginning by her unbounded energy in everything she does. Observing such women makes me believe that the combination of professional and private lives is more than possible. It is enough to have a passion and know the basics of time-management.

After graduating from Harvard Law School, Sheila went to work on Wall Street. There, she worked with traditional banks and hedge funds before getting involved in tech philanthropy.

So, my clients at that time were people who were really trying to disrupt and apply tech models to philanthropy i.e., how can we give away money more efficiently and how can we create accountability metrics? And I will say that particularly at that time, West Coast philanthropy was very different from East Coast philanthropy. And it wasn't that much of a leap for me to realize that there was actually a need for tech innovation in the philanthropic space which is hardly a novel thing to realize.

With this realization, Sheila built a product called NGOsource designed to streamline due diligence in the philanthropic international grant-making space because there's a lot of money that was frankly wasted in administrative costs.

The team incubated it within the company TechSoup, where Sheila became the companys first counsel. According to Sheila, the company has given away around $11 billion dollars in tech products, and it serves as an educator in the civil society sector around the world on the ill and good use of technology.

It was in 2015 that Sheila read the Bitcoin white paper and got really into the technology. Before that, she and her husband even owned some Bitcoin, though she didn't make the connection between Bitcoin and blockchain for actually quite a few years like many people who weren't deeply in the space.

And I kind of had this big aha! moment. And then, like so many people, I went down the rabbit hole of all the social development cases. I was thinking: My goodness! How could this apply to criminal justice and chain of custody? How could it apply to philanthropic aid? How could it apply to development funding?

During her career, Sheila reflected a lot on technological pitfalls, how a technology can take the best of it and how it can be ill-used. Research on data privacy brought Sheila to another realization:

It's a very natural extension to thinking about blockchain technology, to realize that a lot of the concerns that we had could theoretically be addressed by this relatively new technology.

When Sheila learned about a position opening at the WEF through her friends in the State Department, she said:

I honestly was thinking that they wanted a cryptographer, which I'm not. And it turns out they really wanted somebody who had done policy, who understood tech, and who particularly understood tech-impact and social good and that was that was pretty much my entire career. And I've just been absolutely thrilled with the openness of the forum to really deeply engage on these questions with impact and try to lay the foundational framework of this technology to really achieve transformational social good.

Sheila was hired in October 2017, not long before the forum in January 2018. That year, the word blockchain entered the WEF space for the first time. I remember those first discussions and crypto events, even if held with an outsider manner that was felt in comments we at Cointelegraph acquired from some important WEF guests. But blockchain entered the agenda of the forum, and that was the beginning.

In April 2018 after a private session with a bunch of CEOs and ministers of governments, the WEF published a report titled Blockchain Beyond the Hype, which differentiated between crypto and blockchain as well as explained what the technology is useful for.

I felt a tremendous responsibility after Davos, seeing the absolute insanity in Switzerland to articulate that a lot of this was hype. The idea was: Let's just put our name out there saying look, there is hype, true, but this technology is also real. Both those things are true. Something can be overhyped but still useful.

The WEF has had a constant and steady voice throughout the highs and lows of crypto. And it is particularly pleasurable to see that Sheila does not share this skepticism about crypto.

Crypto is the first proven application of blockchain technology. And I think that's a completely fair thing to say. Think about the internet and pornography: No one likes to talk about that, but there's a reason that there's uptake in some of these cases. It doesn't mean the technology itself is flawed or bad or it could only be deployed for evil purposes. None of that makes any sense.

How to handle the skepticism? Sheila believes we have to design security around the technology. We have to be that dramatic about it because of the way that this technology is starting to permeate, because of the nature of the transformation that will actually happen if this ever becomes more normalized or more mainstream.

She described herself as a pragmatic optimist. This means that, in her opinion, blockchains application will remain narrow for quite a while not so different than other technologies that made their path to adoption, such as the internet.

I am a Bitcoin maximalist if you want to put it that way but I have a much longer time horizon. It's going to take quite a bit of time and I actually have no problem with that. I think it behooves us to be very thoughtful.

Sheila also thinks that the problems that exist with Bitcoin are solvable. I won't say that they're completely solvable. I won't say they are easy to solve. But I think they are solvable. And again, this is reminiscent of the early internet, right? There were all kinds of problems of the early internet and they were slowly and painstakingly solved.

What I like and what I don't like about Bitcoin are the same thing, ironically. I don't like the fact that we don't really know about ownership. But I think that Bitcoin has retained its diversification, its decentralization more than a lot of other protocols out there. And so, I think that Bitcoin has possibly partially saved or possibly has a better chance of remaining true to those roots and to its origins.

I don't think Bitcoin is going away. I think that it is deeply important to the ecosystem. I think that its maintenance and its enhancement is deeply important to the entire ecosystem. And I think that it will always have a certain unique role to play. Whether that expands and becomes like the one coin to rule them all or the one protocol to rule them all is a matter of let's wait and see what happens.

Experiments with blockchain are taking place in various countries, but it is interesting to note that Sheilas enthusiasm mainly lies in observing developing countries experiments with blockchain.

There's a lot of opportunity outside of the G-7 or even the G-20. I actually think this technology has the potential to elevate some of those economies. Decentralization is not a radical concept in many parts of the world. It's kind of already happening socially.

As an example, Sheila mentions adoption of such innovations as WhatsApp and WeChat, which first blew up in places outside of the United States I was on WhatsApp with my cousins in India years and years before any of my friends in the U.S. used it. The world is big.

Thus, the WEF is conducting projects in such countries as Colombia, where it is applying blockchain to enhance government accountability and to reduce corruption so practically, to rebuild trust.

I actually think that this technology if it's done correctly, and if the policies around it are designed to mitigate human tendencies toward things like corruption could provide access to information that could enable third parties or other groups to actually come in and conduct audits. You could actually stem the drop off of trust in public institutions because, in my opinion, that is one of the biggest crises we face.

In May 2019 the WEF announced the formation of six Fourth Industrial Revolution councils, dedicated to different technologies one of which is following blockchain.

That was in part a result of realizing that the WEF has tremendous credibility as a trusted source for cutting-edge information. The forum is also a place that is trusted by institutions, and they participate in its meetings in full privacy.

We are a trusted place for a lot of these world leaders to come and experiment and share both their challenges and their concerns, but also their successes.Within the six technologies we chose, blockchain is key among these perhaps even more than any of the others. Because it's such early days still, the forums voice can be really important. And central banks really trust us to appropriately share what they're all thinking about, trust us to bring the right experts to the table to help educate them about the technology.

The council is comprised of geographically and gender-diverse members (over 40% are women) as well as use cases: banks, regulators, governments, social enterprises and startups. It also represents different opinions on crypto from Bitcoin maximalists to blockchain skeptics.

The discussions on adoption of blockchain technologies keep coming. The WEF is educating regulators and institutions, helping them be less frightened and embrace the new technology. Thus, at the last forum, the WEF announced its decision to establish a global consortium for governing digital currencies, and it also released its CBDC Policy-Maker Toolkit, which is designed to help central banks create their very own state-backed cryptocurrencies.

We need to build this technology because someday, people's lives are going to be at stake because of the security around it.

Being a powerful woman is also about believing in what you do and its potential to make the world better. I couldnt help asking Sheila how she would explain blockchain to her daughters. She said: Now, I'm rather like Mommy is working on a different kind of money and Mommy thinks technology can help people.

What I'm going to tell them is that this technology is about empowerment. It's about giving them power in a system that may have been set up to disempower them. I would like them to take away why I am so invested in this technology, why I'm so passionate about it and why I truly believe it can be transformative.

We are brown women, we are minorities in the country that we live in. And part of what I always tell my daughters is that your voice is your power and you use your power, you use your voice to not just help yourself, but to help other people to help people that don't have access to their own voices for any reason. We have to be very mindful of the fact that people aren't always treated the same.

Her daughters should be proud of their mother, and the blockchain community should be proud of its advocate.

More:

As the WEF Warms Up to Crypto, Its Head of Blockchain Talks Empowerment - Cointelegraph

Former Coinbase COO Joins Figure, Creator of the Provenance Blockchain Platform – Cointelegraph

Asiff Hirji has joined Figure, a U.S. lending company utilizing blockchain to process the loans, a Jan. 30 press release revealed. Hirji will be companys new president, having previously served as president and COO of Coinbase and other financial services companies.

During Hirjis two year tenure at Coinbase, he is credited with growing the company to over $1 billion in revenue and overseeing the expansion of its business and management team. Previously, Hirji occupied leadership roles at Andreesen Horowitz, TD Ameritrade, TPG Capital, Saxo Bank and others.

At Figure, he will lead key business divisions while working to establish the companys new merchant bank, which will use Figures blockchain platform Provenance to facilitate institutional financial services.

Figure currently provides a variety of lending options for consumers. Its primary focus is on home equity lines of credit, a type of loan where home equity is collateralized for cash, even with existing mortgages. The company also offers mortgage and student loan refinancing options.

Customers can gain access to lending through quick and fully digital applications, with the company using blockchain to simplify processing and drive down costs.

According to Hirji, this usage of blockchain technology allows to reinvigorate traditional financing options:

Blockchain will crash the costs of financial services, making products more affordable and available to all. Figure is one of the very few companies actually turning that promise into reality. The opportunity now is to scale to more financial products and open this capability to all financial institutions.

Specifically, Provenance streamlines financial operations primarily by removing complex paper document trails, which require qualified custodians and are difficult to access or modify.

More:

Former Coinbase COO Joins Figure, Creator of the Provenance Blockchain Platform - Cointelegraph

Introducing Asensys: a Scalable Blockchain to Power the Decentralized Web – Yahoo Finance

Asensys introduces the concept of asynchronous consensus zones to divide blockchain network tasks and solve blockchain's scalability problem.

SEATTLE, Jan. 30, 2020 /PRNewswire-PRWeb/ -- Asensys, a next-generation, high performance blockchain system emerged from stealth mode today with the launch of their new website. This revolutionary technology brings throughput and state capacity to a new, scalable level.

A commonly-held explanation for blockchain's scalability problem is that either decentralization or security must be sacrificed to achieve high performance. Asensys Founder, Dr. Brendon (JiaPing) Wang, led research to debunk this theory that culminated in the development of Asensys.

"What we discovered through comprehensive research and analysis, is that the limitations of scalability in blockchain networks are not based on the type of consensus algorithm deployed, as many would believe, but on the fact that every single node must duplicate the entire network each time a new block is added," explained Wang. "This built-in over-redundancy is what prohibits blockchains like Bitcoin and Ethereum from improving performance and reaching the throughput required to meet the demands of the modern digital economy."

Wang previously headed-up research at Microsoft on distributed systems and high-performance GPU computing. His work has been published in esteemed journals such as ACM SIGGRAPH/TOG and has led to numerous US patents granted in Wangs's name. Wang's years of experience exploring issues of system scalability ultimately resulted in the creation of the unique Asensys infrastructure, the initial research of which was presented at the prestigious NSDI'19 conference.

The key technology advances introduce consensus zones for parallel transaction processing and distributed workload of state representation and execution, which could enable up to 100k+ TPS and billion-level user base. This novel design allows Asensys to avoid the needless repetition plaguing legacy blockchains and dramatically increase network performance.

The results of an in-house experiment demonstrated that performance by the Asensys protocol increases proportionately to the community size. In a test including 1,200 virtual machines worldwide to support 48,000 nodes, the Asensys system delivers 1,000 times the throughput and 2,000 times the capacity of the Bitcoin and Ethereum networks. This means that as the decentralized community grows, Asensys will be much more effective in scaling compared to legacy blockchains like Bitcoin and Ethereum.

To stay up-to-date on Asensys news and updates, visit the website: https://www.asensys.com

For media inquiries, please contact Kili Wall at (310) 260-7901 or Kili(at)MelrosePR.com.

About Asensys Asensys is a new-generation, high performance system that brings throughput and stateput to a new, scalable level. Asensys aims to meet the needs of the modern digital economy with its novel blockchain infrastructure that will enable web users to realize the full potential of the internet by providing the foundation upon which decentralized applications can be built.

Headquartered in Seattle, WA with a global team, Asensys was founded by Dr. Brendon (JiaPing) Wang, whose research has been published in highly-reputed journals, such as ACM/TOG, and who also has been granted many US patents for his work on distributed computing and blockchain systems. At the prestigious NSDI'19 conference, Dr. Wang and the Asensys team demonstrated how to conquer the Blockchain Trilemmathe idea that decentralization or security must be sacrificed to achieve high performance.

SOURCE Asensys

Original post:

Introducing Asensys: a Scalable Blockchain to Power the Decentralized Web - Yahoo Finance

The End Of Cash And Age Of Crypto Coming By 2030? – Forbes

(Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images)

As the last decade was rounded out a month ago, it was interesting to see how far finance and technology had come. We did not have Stripe, Square, even 4G and the Ipad were still just an idea. But, interestingly, we did have Bitcoin at the turn of the last decade.

Finance and payments are an ever-changing space. We have seen golden gallons and pieces of silver replaced by paper notes and then plastic cards. The age of digital has certainly helped speed along the way we use and understand money. We also now sit on the precipice of another financial revolution tied to the fourth industrial revolution.

Blockchain, AI, IoT, and a bevvy of other technologies are starting to permeate their way into our lives, and the older, traditional models and technologies are looking to try and keep up, or falling away. With this boom in technology is the emergence of cryptocurrencies.

Cryptocurrencies, despite being older than the Ipad, have only really permeated the mainstream space in the last three or four years, but their impact is quickly being felt. The growth in interest in digital currencies has expanded into many banks - such asJP Morgan and Wells Fargowho are building their own cryptos; into major enterprises, and even governmental agencies.

The question that is cropping up more and more though, is when will cryptocurrencies take centre stage and usurp cash which is already being seen as obsolete inplaces like Sweden. One bank that has a strong interest in staying relevant aftermassive job cuts, is Deutsche Bank.

The bank, in its look towards 2030, has predicted that in the coming 10 years, the current fiat financial system could grind to a halt leaving the stage open to something new, something like cryptocurrency.

TheDeutsche Bank reporton the future of finance in the coming decade spends significant time looking at the prospect of cryptocurrencies. They note that this industry has long been seen as an addition, rather than a substitution to the global inventory of money, but this can change based on the future of cash - and cards.

Cryptocurrencies have always been additions, rather than substitutes, to the global inventory of money, the report reads. They have not managed to take off as a means of payment despite their well-known benefits, such as security, speed, minimal transaction fees, ease of storage and relevance in the digital era.

So, while cash sits in a precarious place for the coming 10 years, and this is to the benefit of cryptocurrencies, there are still some key issues that need to be overcome if cryptocurrency is to replace the current cash status quo.

Cryptocurrencies need to overcome three main hurdles to become widespread. First, they must become legitimate in the eyes of governments and regulators. That means bringing stability to the price and bringing advantages to both merchants and consumers. They must also allow for global reach in the payment market. To do this, alliances must be forged with key stakeholders mobile apps such as Apple Pay, Google Pay, card providers such as Visa and Mastercard, and retailers, such as Amazon and Walmart.

Of course, some of this is already in the works withWalmart, as one example, already getting interested in blockchain technology. This is for its supply chains, and not related directly to something like Bitcoin, but it is a stepping stone for the next 10 years.

However, it is not as simple as getting past those three hurdles, according to the bank, there would also be new challenges that would arise with the future popularization of cryptocurrency and the fall of cash.

If these challenges can be overcome, the eventual future of cash is at risk. But new challenges would arise. For starters, it will mean basing a robust financial system entirely on electricity consumption. To envision a smooth transmission towards a fully digitalised platform, the financial system needs to be ready to overcome any kind of electricity shutdown or cyberattack. Governments may increasingly need to safely store backup of citizens data in an alternative country. Estonia, for example, chose Luxembourg to store a comprehensive backup of government data, including details of its citizens health, population, business registries, as well as a data embassy.

The future of cryptocurrencies may well not even rest with what we know now, in 2020. There has been an explosion in interest over the potential of central banks issuing their own cryptocurrencies - called Central Bank Digital Currencies (CBDCs).

Many, especially governmentally, feel that these tick the boxes of being both regulated and controlled, but can still over the benefits of a new digital age. In fact, at the recently concluded World Economic Forum in Davos,a new policy toolkitwas unveiled for the growth of these CBDCs.

Central Banks on the magnitude of England understand that if governance can be acquired and standardized, the doors can really open on these digital currencies.

Governance is the core pillar of any form of digital currency,said Mark Carney, Governor of the Bank of England. It is critical that any framework on digital currencies ensures security, efficiency and legitimacy of payments while ensuring fair and open competition. We welcome the World Economic Forums platform to help develop a robust governance framework for inclusion through digital currencies.

Link:

The End Of Cash And Age Of Crypto Coming By 2030? - Forbes

Bitcoin to Repeat 2017 Bull Run Based on This Key Metric: Analyst – CCN.com

Bitcoin bulls have a lot of reasons to be excited. On Wednesday, the top cryptocurrency posted a fresh 2020 high of $9,443.96. Its also up over 30% year-to-date and it continues to show signs of strength.

The top cryptocurrency is close to breaching the resistance of a key metric. Im talking about the number of entities entering bitcoin on a daily basis. The growth of entities strongly suggests that more people are using the cryptocurrency. This metric is relevant because the last time adoption grew, the cryptocurrency launched a bull market.

Getting the actual number of bitcoin holders or users is a herculean task. Thats because there are two obstacles:

To get a good gauge of widespread adoption, blockchain intelligence firm Glassnodes mapped the number of entities controlling multiple addresses. For now, this is the closest you can get to approximating the number of bitcoin holders. According to Glassnodes,

This work is the first to introduce a more sophisticated quantification of Bitcoin entities that goes beyond plain address counts and oversimplified heuristics.

With that in mind, Glassnodes charted the daily net growth of entities. Again, this is a metric that more closely measures how many users are using bitcoin. Thats because its mapping multiple addresses to a single entity. In addition, this metric takes into consideration entities with zero BTC balance but had a non-zero BTC balance before. Its not surprising to see that bitcoins price rose while the daily net growth of entities increased.

A pseudonymous Twitter account named CryptoKea spotted a key level that this metric has struggled to take out. In the chart above, that level is marked by the red dotted line. Whenever entities net growth (represented by the green line) touched that resistance, good things usually happen. What this essentially means is that whenever new users get bitcoin addresses, bitcoins price usually rises.

For instance, bitcoin ignited its parabolic run in October 2017. This coincided with more new users creating their bitcoin addresses. Then from April 2019 to June 2019, bitcoin skyrocketed from $5,000 to nearly $14,000 which also coincided with the rise in new users.

The same thing happened this month: Bitcoin rallied from $7,000 to over $9,000. The only deviation appears to be in October 2018 when the number of users creating bitcoin addresses was high but bitcoin plunged from around $6,600 to almost $3,000 in December 2018.

Glassnodes explains that the daily net growth of entities has been overwhelmingly positive. The crypto intelligence firm emphasizes,

This is a clear indication of a healthy and consistent adoption of Bitcoin over the past 10 years.

In October 2018, its possible that the net growth of entities spiked because many were hoping that $6,000 would be the bitcoin bear market bottom. This time its different because the top cryptocurrency looks awfully strong.

Fundstrats Thomas Lee shared on Twitter that bitcoin is trading above its 200-day moving average. This is essentially a signal that the coin is entering bull territory.

I believe that the prevailing bullish sentiment will foster the growth of new entities. If history is any indication, bitcoins price could be poised for a breakout.

Disclaimer: The above should not be considered trading advice from CCN.com. The writer owns bitcoin and other cryptocurrencies. He holds investment positions in the coins but does not engage in short-term or day-trading.

This article was edited by Sam Bourgi.

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Bitcoin to Repeat 2017 Bull Run Based on This Key Metric: Analyst - CCN.com

Blockchain and 5G: Greatest Promise Is to Transform the Developing World – Cointelegraph

The biggest topic in the mobile industry over the last few years has been 5G. In an industry that has been starved for innovation in this interregnum between the launch of the iPhone and the full-scale integration of next-generation technologies like augmented reality, artificial intelligence and blockchain, the introduction of the 5G network has become a sort of catch-all for carriers and handset manufacturers to lean on as the promise of the future of innovation being just around the corner a feature worth paying a premium for and upgrading that smartphone you bought just a year or two ago.

Related: The Implications of Fusing 5G and Blockchain

Qualcomm President Cristiano Amon has recently declared that 2020 would be the year 5G goes mainstream, predicting approximately 200 million 5G smartphones will ship next year. Amon also suggested that:

5G [would] become broadly available across major metropolitan areas in 2020, then spread thoroughly throughout developing countries in 2021.

While this year might be an important one for carriers and smartphone manufacturers to sell the latest model of the iPhone or Samsung Galaxy, the more crucial year for 5G might be 2021 when those networks aim to roll out their products to the developing world.

Amon has additionally said he expects mid-band 5G to spread into Peru, Nigeria, smaller European markets and developing countries in Asia, ranging from Cambodia to Sri Lanka. In terms of real-world practicality for 5G, this might be when the rubber really hits the road for the technology.

Despite all the promises of a sci-fi reality from self-driving cars to better AI-powered insights, the most immediate promise of 5G is how it might support the technology we already have in place: our mobile phones. Aside from moonshots in automation or artificial intelligence, or more practical use cases like better on-the-fly computer graphics and video processing, 5Gs biggest advantage will be the exponential improvements it makes to the mini-computers we already have in our pockets and how they talk with each other on these networks. In the developing world especially, 5G could be the most ground-breaking of game-changers.

Related: 2019 to 2020: The Insiders, Outsiders and Experimenters in Crypto Regulation, Part 2

Thus far, the smartphone boom has largely missed the developing world, though it remains a significant part of the global mobile market. While smartphone usage in the developing world ranges from about 24% in India to just over 50% in Brazil, the millions in the developing world still heavily rely on feature phones or dumb phones more people have access to a mobile phone than they do to electricity.

When 5G does finally enter the developing world, it will be most useful in servicing what will probably remain a limited infrastructure. Perhaps the most important thing? The future of payments.

Just look at the impact of something like M-Pesa in Kenya. Launched in 2007, M-Pesa is a robust and diverse mobile money transfer service that allows users to pay for a variety of services through technology that is compatible with feature phones. M-Pesa is so ubiquitous that 96% of Kenyan households have at least one M-Pesa user. The technology has also helped many Kenyans living in extreme poverty move above the poverty line, with rural households increasing their incomes by as much as 30%.

M-Pesa was able to become so successful and widely spread in Kenya due to a number of factors, including strong marketing, relaxed regulation and the lack of other viable options. Perhaps the strongest of all was that tautological commandment of the viral as M-Pesa became more popular, it became, well, more popular.

Theres no reason to think the process cant repeat itself across the world in the 2020s, but it will require 5G to get those robust, localized networks running, along with improved front-end interfaces across a variety of mobile experiences to support those networks.

On the front end, its hard to argue with SMS and text as an interface in the developing world, even as messaging apps like WhatsApp are gaining steam in popularity. SMS has decades worth of familiarity to billions of users, grandfathered in with the earliest cell phones, but it is still quick and nimble enough to work on modern networks without a huge data load. It can also easily, securely, quickly and safely pay merchants, buy goods or services, and make deposits or send remittances. It offers the holy grail of digital banking, especially for the worlds nearly two billion unbanked: Your identity, and the associated number, can work as both bank and clearinghouse.

On the back end, 5G and blockchain offer the promise of a potent combination. Blockchain can secure mobile banking networks that will have to secure transactions on a very granular level, while 5G itself will make sure these complex networks dont strain under the weight of blockchains.

If crypto networks can deliver payments solutions to these populations, it will be a major stride forward for both the unbanked and underbanked. This evolution in banking could be the first step in additional needed changes for the developing world, such as providing better and more reliable access to electricity and high-speed internet, reducing the high fees associated with transactions and remittance payments, and limiting government corruption and general economic volatility.

If thats all 5G ends up doing, it may be a greater leap forward than what has already been envisioned and promised by all those in the mobile industry.

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Richard Dennis is the founder and CEO of TemTum, the efficient, quantum-secure, ultra-fast and environmentally friendly cryptocurrency. He is a globally recognized cybersecurity and cryptography expert and one of the worlds leading lecturers on secure networks, blockchain and encryption.

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Blockchain and 5G: Greatest Promise Is to Transform the Developing World - Cointelegraph

LinkedIn: Blockchain Will be 2020s Hottest In-Demand Skill – the blockchain land

Blockchain has found its way to virtually every industrytravel, insurance, education, banking, investing, government, real estate, and many others.

Companies all over the board are incorporating it into their business processes. While it has become famous for powering crypto, the tech itself has broader applications.

Since it offers us a new, incorruptible way to store, share, and record all sorts of data, are blockchain and accounting a match made in heaven?

Interested in reading more articles on blockchain use cases? Click here!

Claiming that blockchain is a piece of tech that is based on accountancy wouldnt be a stretch. Blockchain provides a method for reconciling accounts and recording cash flow. It also records transactions and stores assets.

To meet regulatory requirements, the accounting industry has relied on paper trails to perform transactions and accounting functions.

Accountants have started to use cloud-based technology as well, but paper trails still dominate the world of accounting.

When reviewing the books, auditors need to see these paper trails. And, cooking the books is an age-old problem, so it may be time for a new solution.

Blockchain offers CPA firms and accountants an opportunity to streamline their audits and processes since it provides a transparent and immutable record of all data. It helps ensure that the data is truthful and accurate.

Blockchain can be leveraged to improve traditional accountancy and fight accounting fraud. Its challenging to perpetrate fraud using blockchain due to its immutable nature.

Modifying a record on a blockchain is highly infeasible as the actor would have to make the same change on all the copies of the distributed ledgersimultaneously.

Many accountants are excited about blockchain simply because it can lead to much fewer audits in the future. Auditors can automate most auditing functions through the power of smart contracts.

Auditing can be fast and easy thanks to the inherent traceability of everything that is recorded on the blockchain. And, since everything is automated, blockchain can reduce the time an auditor needs to spend checking the books.

Agencies must go through a lot to satisfy regulatory demands. Blockchain can help take the burden off thanks to the enhanced security it offers. Blockchain may even become mandatory in some inancial sectors as more regulatory authorities embrace the tech.

The end-of-month chores may become less of a burden. Accountants can start using smart contracts to automate reconciliation tasks.

Data entry is perhaps the area where blockchain can help the most. Its where chances of human error are highest. Blockchain can significantly reduce human error by making most accounting functions automatic.

Blockchain can be designed to be much more efficient than legacy accounting software. Its more challenging to get data into and out of accounting software. Blockchain is a much faster and more robust database.

No matter the systema reduction in errors and an increase in efficiency results in reduced cost. When making the switch from conventional accounting systems to the blockchain, accounting firms can expect to see cost savings quite quickly. The initial adoption costs should be well worth it.

Most people are concerned about their jobs whenever they hear news about a new, groundbreaking piece of tech in their industry. In some sectors, there has indeed been some cause for concern.

For instance, some investment brokers have been losing clients since individual consumers can now access the data they need to invest on their own.

But the responsibilities of accountants wont change. Nevertheless, blockchain will still disrupt the industry. Accountancy firms and accountants will be able to provide their clients and their employers the security and safety of all records.

Auditors and everyone else who has to have access to those records (e.g., the SEC) will be able to access them. The need for accountants wont disappear, even though their roles will change.

Before they enter the information into the blockchain, businesses will still need to hire good accountants to interpret and categorize that information. Accountants will be the ones to implement and maintain the new system. So, no, accountants wont lose their jobs.

And, neither will bookkeepers. Nor most other employees in the industry for that matter. Someone will still need to oversee accounts receivable, prepare invoices, oversee contracts for payments, and track income and outflow.

Blockchain makes things better, but it still requires some work. Someone must enter payments, orders, and contracts into the blockchain. Blockchain will make the bookkeepers dream come trueit will provide transparency, efficiency, and record permanency.

Because of its potential uses, the big four firms have started investigating the possible applications of blockchain in accountancy.

To help financial companies explore the potential of blockchain, the firm launched the Digital Ledger Services program back in 2016.

They are also a member of the Wall Street Blockchain Alliance. Moreover, KPMG has teamed up with Microsoft to identify new blockchain applications.

The firm launched the Blockchain Analyzer in April 2018 to help their auditors analyze and review blockchain applications. They were also the first to start accepting Bitcoin as payment.

The firm is one of the most active professional services enterprises in the world of blockchain technology, having started a dedicated program to train over 1,000 employees in the use of blockchain and cryptocurrency.

PwC has also announced a blockchain validation and auditing solution for cryptocurrency.

Deloitte was one of the first big brands to get on board with blockchain. Last year, they unveiled a mobile platform Blockchain in a Box to help businesses demo blockchain solutions.

Blockchain is here to stay. Applications of blockchain will only continue to increase. It will change the way accountants operate. Accounting wont become irrelevant; it will become more efficient.

The same way computers and the internet have changed workplaces across all industries, blockchain will provide solutions to industry-wide issues. Businesses are currently re-evaluating their business models and assessing the need to implement a blockchain solution. However, its essential to keep in mind that problems should not be created to implement blockchain. On the contrary, a blockchain solution tackles pre-existing issues across a variety of sectors in different industries, proving to be extremely powerful in those cases. For sectors that have found a solution in other technologies, there may not be a need for the implementation of a DLT.

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LinkedIn: Blockchain Will be 2020s Hottest In-Demand Skill - the blockchain land

Swiss Company Overfuture to launch the first-ever compliant IPO on Ethereum Blockchain – Blockmanity

A Swiss-based company overfuture is preparing to launch the first-ever fully compliant IPO on the Ethereum Blockchain.

The news was revealed in a press release by Andriotto Financial Services on Wednesday, 29th January. The company is considered to be the first to get approval from the Swiss authorities to tokenize its shares on a Blockchain during its IPO (Initial Public Offering). The smart contracts will be provided by Zug based firm EURO DAXX the European Digital Assets Exchange.

The shares will directly be represented as tokens on the Ethereum Blockchain meaning the ownership and transfer of tokens are considered the same as ownership and transfer of actual shares. This is a huge step as it recognizes digital tokens in a similar light to legacy ownership of assets via paper contracts.

Issuing tokens also means that you do not necessarily need middlemen to facilitate ownership and transfer of assets, this allows companies to launch IPOs and get access to the secondary market all without any intermediaries like investment banks and brokers.

A companys articles of incorporation natively on the blockchain may represent the first concrete step toward a huge revolution for the way companies access to the capital markets (and crowdfunding).

Ethereum and Tezos are competing to be the leading platforms for the tokenization of real-world assets, although is the standard for issuing tokens many experts in the industry believe that Tezos is more suited for tokenization due to its already existing proof of stake infrastructure.

Switzerland has made news several times in the Cryptosphere due to its friendly regulations and open-mindedness towards technology. The country is known for its Crypto Valley in Zug, it also made news recently for listing Cryptocurrencies like Bitcoin and Litecoin ETFs on its SIX stock exchange. Even one of the biggest banks in Switzerland has entered the Crypto space by providing custody services.

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Get the latest news on Blockchain only on Blockmanity.com. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

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Swiss Company Overfuture to launch the first-ever compliant IPO on Ethereum Blockchain - Blockmanity

DeepDive, CoinBase, DCG, Overstock, Bakkt, GreyScale and Their Impact on the Future of Blockchain – Yahoo Finance

NEW YORK, Jan. 30, 2020 /PRNewswire/ -- The initial speculative trend of the blockchain industry, which gave it a negative appearance, is gradually decreasing. The market is starting to clear itself from this "wild west" brand, and corporations are beginning to look into the available technologies and even integrate them.

For many years now some of the major companieswith ties to different business fields were developing their own proprietary DLT solutions, as well as supporting the developments by the third parties with investments.

One of such examples is Overstockthat invests in blockchain startups through the venture division Medici Ventures and helps them develop. They have even submitted an application to the SEC to register their preferential shares on blockchain. Perhaps, the only one of those startups known to the public is Evernym. Other projects, such as Symbiont, PeerNova, Netki, etc. are relatively unknown.

DeepDive, a company that develops DLT products, has a similar position regarding the publicity for corporate solutions. In one of their articles, they write that, unfortunately, at crypto conferences, the main conversation topics are speculations in cryptocurrency and related fields: exchanges, mining, etc. Despite the significant activity in the crypto community regarding the use of DLT for supply chains, work process organization and asset tokenization, it all comes down to cryptocurrency, instead of practical technology applications.

This unnecessary hype only repels the corporate sector. People have an active mental link that blockchain is equal to cryptocurrency. However, the potential scope of blockchain applications is much broader: cybersecurity, duplicate codes and identifiers problem solution, financial and accounting registers. There is a lack of understanding that DLT is relatively easy to integrate into the existing software solutions and the association "Blockchain is Bitcoin" still persists.

Solutions, developed by well-known ICO startups, have serious disadvantages, even though their code is publicly available and accessible for verification. Corporate integrations require a focused security audit, that is usually provided by companies such as DeepDive.

In addition to the technical implementations and product development, the blockchain industry has legal issues in financial operations and tools integration. Consider how significant players such as Grayscale, Coinbase and Bakkt tackle them.

Grayscale Investments, a subsidiary of DCG, has recently received the approval of their application for Bitcoin trust, by meeting SEC requirements.

While Coinbase acts as a depository of Grayscale assets, providing storage and maintenance as securities, it is also actively working on introducing masses to cryptocurrencies. To work on financial instrument promotion related to blockchain more effectively, large players unite themselves in consortia like the Crypto Rating Council.

All of this combined demonstrates how much work and effort is needed to legalize both cryptocurrencies and financial instruments based on them as well as to integrate blockchain technologies into markets and various corporate systems. Although cryptocurrencies and corporate DLT products are often not connected, the industry is gradually moving towards mass adoption, albeit from completely different sides.

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DeepDive, CoinBase, DCG, Overstock, Bakkt, GreyScale and Their Impact on the Future of Blockchain - Yahoo Finance

More university certificates in Spain to be verified with blockchain – Yahoo Finance

After many high-profile cases of document fraud in the country, more university certificates in Spain will now be verified using blockchain technology.

Blockchain has been increasingly applied to the areas of finance, energy, and the supply chain. Spains Santander bank is among the institutions leading the charge when it comes to integrating blockchain to improve its efficiencies.

Now, three more Spanish higher education institutions are starting to pilot test blockchain to validate university certificates. The trial will begin in the region of Murcia and use a new certification standard based on Distributed Ledger Technology (DLT).

The universities include the University of Murcia, the Polytechnic University of Cartagena (UPCT), and the San Antonio Catholic University. The institutes have agreed to use DLT with the aim of minimising the falsification of academic diplomas.

The issue of fake diplomas in Spain was thrust into the limelight in 2018 when the ex-president of the Community of Madrid Cristina Cifuentes was found to have falsified her Masters title.

Since then, there have been several more cases and controversy over universities falsifying documents.

If university certificates in Spain were validated on a tamper-proof ledger, this kind of occurrence would be rendered impossible. Documents could not be changed or altered and employers would have greater confidence in their validity.

The validation process will first enter a testing phase on a platform called Crypto Degrees developed by the UPCT in conjunction with Decision Habitat.

Its not yet clear whether the universities will use a public blockchain or whether they will opt for a private blockchain such as Hyperledger Fabric with nodes in each study centre.

Miguel Motas is employment, research, and universities advisor in the region of Murcia. He told local news outlet MurciaEconomia:

There have been cases of people who have falsified university degrees and this acts to the detriment of the centres and their students () applying blockchain, we make university degrees more portable and reliable for students, universities, employers, or anyone who needs to check a title.

Thanks to such high-profile cases of document forgery, other academic institutions in the country are also using blockchain to verify university certificates in Spain.

In December of last year, it was announced that 76 Spanish universities would take part in a blockchain project called Red BLUE to validate their diplomas.

Among them are the University of Carlos III of Madrid (UC3M), the International University of La Rioja (UNIR), the Higher Institute for Internet Development (ISDI), the CEU San Pablo University in Madrid, the Abat Oliba CEU University in Barcelona, and the CEU Cardenal Herrera University in Valencia.

Some study centres in Latin America have also begun to certify titles with blockchain technology.

These include Mexicos Tecnolgico de Monterrey, which announced that it would be using the IBM blockchain to validate titles in October 2018. While in Colombia, the National University is experimenting with certifying degrees on the Ethereum network.

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More university certificates in Spain to be verified with blockchain - Yahoo Finance

Two types of cryptocurrency are now dominating the market – Decrypt

Two types of cryptocurrency tokens are outperforming the rest of the market, according to data from Longhash. Over the last year, native exchange tokens and tokens used for cryptocurrency lendingin DeFi platformshad the greatest returns on investment (ROI).

The data, which LongHash sourced from blockchain research platform Messari, shows that only two of the 19 different token classes analyzed produced a positive ROI in the last year when measured against the US dollar.

Lending and exchange tokens had ROIs above 70% over the last year. Image: LongHash/Messari

Lending tokens were at the top, with an average ROI of 75%. These tokens are typically used by DeFi lending platforms, that allow you to lend and borrow money with other people around the worldwithout going through a bank or other third party. This suggests a rise in interest towards DeFi products and services.

Exchange tokens came second over the last year. These are cryptocurrencies native to crypto exchanges. They are typically used to pay trading fees or for other services on the exchanges. Some exchanges like Binance have built up entire ecosystems around their exchange coinsin this case BNBand even pay their staff with it.

In the last 90 days, a slightly different picture emerges. Exchanges tokens have only just produced positive ROIs while currencies, such as Bitcoin, performed well. However, lending tokens remain in the lead.

Earlier this month, Decrypt found that proof-of-stake coinsin particular Tezos (XTZ) and Cosmos (ATOM)managed to rack up impressive gains against Bitcoin towards the end of last year. Crypto exchanges adding support for staking rewards, and the news this generated, likely helped to boost their bottom line.

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Two types of cryptocurrency are now dominating the market - Decrypt