Sudden rush in the Poker Industry in India European Gaming Industry News – European Gaming Industry News

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Suncity Group Holdings Limited has announced that its majority-owned subsidiary Summit Ascent Holdings will increase its stake in Tigre de Cristal from 60% to 67.5%, after acquiring shares from two minority shareholders of Oriental Regent Limited (ORL), the sole owner of Tigre de Cristal; and, may further increase to approximately 89.29% if Summit Ascent is the only subscriber of the proposed new issue of ORL.

The planning and design of Tigre de Cristal Phase II is well under way, as such, each shareholder of ORL should pay for its respective share of capital expenditure to build Phase II. The share acquisitions, through convertible bonds (5-year zero-coupon at a conversion price of HK$3.50 per conversion share) and cash, by Summit Ascent, as well as the proposed new issue of ORL, can be interpreted as a strong support from the major shareholder Suncity.

The potential to acquire further stakes in Tigre de Cristal is a strong injection in confidence that both Suncity and Summit Ascent are fully motivated to drive up business volumes in Tigre de Cristal. Besides, the outstanding recovery post-closure was as astounding as it seems during one of the worst business challenges in this pandemic a solid proof that we could sustain in hard times with local businesses only. Going forward, both Suncity and Summit Ascent will continue to tap into the under-served Korean and Japanese markets in the future, Mr. Chau Cheok Wa, Chairman of Suncity and Summit Ascent, said.

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MGM Grand To Host Freeroll Tournaments Funded By Unused Jackpot Money From Closed Strip Poker Rooms – CardPlayer.com

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The poker room at the MGM Grand is redistributing unused jackpot money from three unopened Las Vegas Strip through three separate freeroll tournaments.

All MGM Resorts properties on the Las Vegas Strip are now open, but three of those properties, Mandalay Bay, Excalibur and Mirage, have yet to reopen its poker rooms. Since the jackpot money is taken from the players as extra rake and used to fund the rooms promotions, the casinos cant take that money and must find a way to give it back to the players.

Each closed room will have its own freeroll with the jackpot money funding the prize pool. The first freeroll will use Mandalay Bays $24,022 unused jackpot money and will take place today at 5 p.m. Mirages $69,804 will be up for grabs on Nov. 17 and Excaliburs $27,837 will fund a tournament prize pool on Dec. 1.

While there hasnt been an official announcement yet by any of the three properties, the fact that the unused jackpot money is being redistributed makes it much more likely than not that these rooms will be closed for good.

While Excalibur was never much of a poker destination, Mandalay Bay hosted several World Poker Tour main events during the peak of the poker boom. Before the boom, Mirage was home to the biggest poker games in Las Vegas.

During one of the most famous poker scenes in movie history in the 1998 classic Rounders, main character Mike McDermott, played by Matt Damon, uttered the line I want him to think Im pondering a call, but all Im really thinking about is Vegas and the f***ing Mirage right before he lost his entire bankroll.

Registration for todays freeroll is already closed, but you can sign up for the second tournament starting on Nov. 11 and the final tournament will open registration on Nov. 25.

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How to Avoid the Most Common Forms of Cheating in Poker – TimesOfCasino

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ome people consider cheating as a part of poker. That shouldnt be the case. As a player, you dont have to struggle with cheating in the game every day. Most players wont even feel comfortable with situations that will cheat them of their hard-earned money, poker inclusive.

Cheating in poker doesnt happen as much as you might think, especially when gambling online. Casino comparison sites like Casimple help players find the top casinos online, all of which have all been tested and audited to ensure the games and casino bonuses are fair and safe to use.

This article provides a list of some of the cheating techniques in poker and how you can identify and avoid them.

This occurs in tournaments. In colluding, some players may form a team to beat other players. It is a common issue in final tables and tournaments where everyone benefits from a players elimination.

To achieve their objective, colluding players use different cheating techniques, including refusing to call a short stack while having the cards and odds to call it. They may also concede a big pot to any of their partners in crime. Other players on the table are usually hurt by this dishonesty.

This cheating technique is usually very difficult to prove. You may find yourself helpless when playing against colluding partners.

When playing against colluding partners, prevent them from playing pots with each other. This helps you to break their connection. If possible, dont allow anyone of them to squeeze you. Sometimes, you may be helpless if one of them is a big stack. If you find yourself in that situation, wait for the right opportunity to break their connection.

This is probably the oldest trick in the gaming world and some players still use it to gain an undue advantage over their competitors. If you are playing some games with strangers cum hosts, watch out for this trick. Some could have marked the cards before the game.

If you suspect a foul play, complain to the house and request to change your deck. Casinos are renowned for taking such statements seriously. Some countries take legal action against players who are guilty of this.

This may be a bit difficult and trickier if you are playing home games. While playing with unfamiliar opponents, pay attention to your environment. If you notice anything that doesnt add up, you may take your leave. You may take up the case with the host. However, if you notice you are a lone ranger, take your leave. The host may be on it too. If you notice any suspicious movement you are not comfortable with, the bottom line is that walk away. You are better off not playing a game than play one where you are already at a disadvantage before the game starts.

Sometimes, colluding players may try to signal their exact cards or strength of their hand to their partners. This is a cheating technique because each individual is supposed to have no other information except their two hole cards. Players who have other pieces of information are always at an advantage over other players.

Experienced cheaters have devised different ways to convey such information to their partners. Chip signaling is one of their useful signals. If the players involved have practiced together beforehand or are experienced using this technique, the cheating may be difficult to notice. Even if you see the cheating and call the cheaters out, you may not get the houses desired support. The cheaters may stop the trick once they realize you are aware of their antics.

Bottom deck dealing is a cheating technique that is common in private games. One of the players and the dealer usually work together on this. Only experienced players can notice this problem because the dealer or card mechanic will do the dealing so fast that you may be unable to catch up with the trick with your untrained eye.

It is advisable to steer clear of private games. Avoid them if you can. Devote your time and attention to participating in official games only, especially with players you know while playing home games. That is an effective mechanism against cheating.

While playing online poker games, you are protected against the cheating techniques mentioned above to a great extent. However, you must deal with some other dangers such as:

Players on a live table must devise strategies and plans for card information sharing as partners. This is a lot easier when playing online. Leveraging communication tools such as Viber or Skype, gamers may connect before a game to discuss a cheating technique that will enable them to take advantage of other players.

This is difficult to prove, although players in most poker rooms have had this experience at one time or the other. However, look out for these red flags: if the same set of players are fond of playing together always and winning beyond what is considered normal in the gambling world. If you see this, play with caution.

When playing for a massive prize, say $1 million or any huge prize, some players may hire a more competent player as a replacement to increase their odds of winning the prize. This is common in online casinos where players have no means of knowing what goes behind the scene.

This is cheating. Someone who hires others to impersonate them has the edge over others who are playing without any assistance. This may turn the game in favor of the impersonator at the expense of an innocent player.

Imagine having to play against, not a human opponent, but a machine, a bot. That is the fate of many unsuspecting players. A poker bot is the future of online gambling and can play some games based on the bots advanced Artificial Intelligence algorithm. The machine has the edge over you. Apart from its advanced mechanism, it isnt human and is prone to make fewer mistakes than you. The bot will never play a bad game out of exhaustion but you can. Hence, many players consider bot ring as another cheating technique players have to contend with.

If you suspect you are set up against a machine, you have the right to walk away.

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The Pros And Cons Of Playing Poker In An Online Casino – Poker News – CardPlayer.com

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Brick and Mortar casinos are great for poker. You get a chance to practice reading your opponents hand. You may even learn to tell when your opponents are bluffing and when they mean what they say: This in my view, is an invaluable life skill thats practical even outside the poker room. Online poker rooms on the other hand are limitless. They have no business hours. Games run 24/7 and you can try out new strategies as much (or as little) as you would like. Each side has its advantages and disadvantages as you shall come to see. Well cover both sides and youll be the judge. Youll understand why some players prefer going to land-based (real) casinos while others play at online casinos like onlinecasinohex.nl.

Playing At A Casino

This may be in form of a quick trip to the closest downtown casino or a well-planned trip to the world-famous Las Vegas. Vegas is filled with gambling parlors and entertainment joints. Theres even an Eiffel Tower Replica. While all the big boys play at the high-stakes table, its never that serious at a casino. Theres ambient music, large TVs, food, drinks and the casino staff are always passing by. Its an immersive experience altogether.

While each casino has games suited for every gambler, their selection is no match for online poker rooms. Youll certainly find a Holdem game mid-play at any time of the day. You may have to wait before playing poker variants like the Seven Card Stud or Razz as there are no dedicated tables for such.

All decent casinos have a high stake or VIP room. This is a lounge where you may see a local celebrity gathering chips. There are regular tournaments (mostly for the bragging rights) held in these rooms on the regular. The biggest advantage of playing at a casino is that you get the real experience in handling chips and cards. Your opponent is across the table and you can gauge their reactions. You look them in the eye and can feel the fear in them. While this social atmosphere is advantageous to players that love reading social cues; a few poker players lose focus in the numerous distractions.

Pros Of Playing At A Casino

1. Its a social place and were all excited in such settings2. Handling real cards and chips3. Food and drinks available4. You can read your opponents hand

Cons

1. Expensive travel costs, drinks, parking etc2. The atmosphere may be distracting3. Players have to keep an eye on their chips, cards and pot size4. Opponents may read your hand too5. Limited poker variants

Playing At An Online Casino

Theyre convenient. You can play from anywhere; as long as theres internet access. You dont have to dress to impress, there are no logistical challenges involved and you can play at any time. Online casinos run 24/7. They attract huge crowds; you will always find opponents even in non-mainstream poker variants. You dont have to get off the bed/couch either. All the decent casinos have responsive mobile apps that let you do everything on mobile.

At an online poker room, you know EXACTLY how much luckyclover777 has in their stack and how much there is in the pot. There arent many things youre keeping tabs on; because they are all on the screen. You would waste time at a land-based casino guess-estimating how much all your opponents chips are worth. Luckyclover777 wont know that youre anxious because youre about to make a risky move.

Pros Of Playing At An Online Casino

1. Convenient2. Ideal for new players that havent yet practiced on hiding hands3. Minimal expenses4. A great place to gain experience5. No distractions6. Players can play for as much (or as little) as they would like7. All stats are accessible8. Many poker variants9. Your hand cannot be read

Cons

1. You lack the real casino experience2. Unable to tell when opponents are bluffing

Summary

Online casinos take the trophy at convenience, ease of playing and costs. Players can win big without leaving their couches.

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We Take a Look at the Polk vs. Negreanu Betting Odds – PokerNews.com

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November 02, 2020Will Shillibier

With Daniel Negreanu confirming that his heads-up match against Doug Polk will commence this week on November 4th, we take a look at the betting markets available on PokerShares to see if any would be worth wagering on.

The site currently has 14 separate markets relating to the match, and here PokerNews runs through some of the more interesting ones.

First set up in 2017, PokerShares has given players the opportunity to bet on all manner of markets, both inside the world of poker and out.

From the Aussie Millions and the Galfond Challenge to the US Election and how many cases of coronavirus there will be in the US (although the latter was ultimately pulled after ten hours due to "negative feedback on social media and reconsideration".)

PokerShares founder Mike "Timex" McDonald said that they wanted to make the challenge as engaging as possible for viewers, therefore offering more than just the normal bets on how the market plays out.

Therefore players are able to place bets on anything from "Will Doug return to professional poker?" to "Will there be any slowrolling?"

McDonald says that PokerShares opened the markets "very early" within only a few minutes of the pair challenging each other to the match.

"The odds started out as even," said McDonald. "I believe 1.93 on each player as we were only going by details on Twitter and didn't even know the format of the match."

However, at time of publication (November 2nd), Doug Polk has moved ahead as a strong favorite to win the match according to the odds:

There are several markets relating to the first session, scheduled to take place live on PokerGO on November 4th. These include whether a player will slowroll during Session 1 (No +105, Yes -128), the size of the biggest pot (Over $100k +105, Under $100k -128) and who will get stacked first (Polk +100, Negreanu -116).

Other markets relate to the potential fallout from the match including:

Odds correct at time of publication - 2nd November 2020

McDonald told PokerNews that he thinks the match has the potential to be "the most exciting grudge match poker has ever seen."

"What makes the challenge especially exciting, is that Daniel decided he wanted to beat Doug at his own game. Originally we expected them to each pick their best game and rotate what they play.

"...the most exciting grudge match poker has ever seen"

"On one hand, you've got Doug, once the clear number one Heads-Up No Limit (HUNL) player in the world, but he's four years removed from competitive play.

"On the other hand, you've got Daniel. Not a heads-up specialist but the most famous and among the most successful all-around poker players of all time."

McDonald says that there has been an interesting dynamic when it comes to those betting on either Negreanu or Polk.

"Generally the guys betting on Doug have never played live, and the guys betting on Daniel have never played online! It's an interesting dynamic where I think online players tend to estimate Daniel, and live players tend to underestimate Doug."

However, he went on to say that PokerShares has seen "shockingly little" volume from any of the players who have substantial experience playing with both.

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Intertops Poker is hosting a new slots tournament this week – World Casino Directory

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Intertops Poker is celebrating popular Chinese slots created by Betsoft Gaming in a new slot tournament starting today. The $2,000 slots tournament will feature four favorite online slot titles Play Dim Sum Prize, Dragon and Phoenix, Bamboo Rush and Quest to the West starting today to take part in the special event. On Thursday, Betsofts new Miles Bellhouse and the Gears of Time will debut and offer players extra spins via an introductory offer. There is much to explore at the online gaming site this week!

Slots Tournament

From today until November 10, players at Intertops Poker can take part in the special slots tournament. Simply play the four Betsoft games listed and you will earn one point for every spin completed. A total of 16 players will win cash from the $2,000 prize pool. The first place earns a nice $400 prize.

The games highlighted in the tournament include special themes and are quite popular among regular players. Dim Sum Prize features yummy foods including rice noodle rolls and prawns. Wilds can be accessed to earn multiple wins as well as options for extra spins.

Quest to the West takes players on an interesting adventure with a Buddhist monk. Monkey King wilds in the game help you to earn a bonus round that features walking wilds. In Bamboo Rush, the game is set in a relaxing temple garden. Find wilds that multiply wins up to 27x plus an extra spins feature.

Dragon & Phoenix is the last game featured in the tournament. This game features a royal couple symbol that acts as an expanding wild and will trigger payouts up to a whopping 8000x. You can also earn instant prizes in this game via the money tree scatters.

New Game Launching Thursday

On November 5, Betsoft Gaming will debut the new Miles Bellhouse and the Gears of Time. In this game, players get to travel alongside Miles to the Past, the Present, and the Future. Each time period provides a unique aspect of the game. This is a cluster pay game, so you can trigger win after win as you spin. Larger clusters offer bigger payouts, with up to 10,000x up for grabs.

With the launch of the new game, Intertops Poker is offering an extra spins deal. From November 7-9, players who have made at least one deposit will be provided 10 extra spins. This deal allows players to try the game at no cost.

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Intertops Poker is hosting a new slots tournament this week - World Casino Directory

The Great Thing About Poker? "Anyone Can Learn To Win – PokerNews.com

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October 28, 2020Matthew Pitt

David Arnold is a player you will have battled with if you ever play at Run It Once Poker. You wont know its him because Run It Once employs a Table Alias to keep players anonymous and to protect them from predatory behavior. Not that Arnold is bothered much about that because hes a regular winner on the site.

Arnold has excelled in the Run It Once leadeRboards over the past few months. Winning the PLO20 and PLO50 races a few times and regularly featuring in the top three places, padding his bankroll with free cash and even more Legends rewards.

The 31-year-old from the awesomely named Moose Jaw in Saskatchewan, Canada, which is, apparently, home to the worlds largest moose statue known as Mac the Moose, has played poker for more than 15 years. His Uncle Dave and father Kevin introduced him to poker during a home game.

A few years later, when he was old enough to play online poker, he did exactly that, joining Full Tilt Poker. Arnold started at NL50 and quickly progressed to NL400.

Multi-tabling for me was always easy for some reason. I started out playing four tables and quickly got to 15 tables at once. That was the most invaluable skill as it allowed me to make more money faster, especially back then when the games were very good.

Race To Your Share of 10,000 in the RIO leadeRboards

He switched to Pot-Limit Omaha in 2014 despite all of his success in the Holdem games. This is because he was aiming to hit the now-defunct Supernova Elite VIP level at PokerStars. PLO players earn more points than NLHE players per hand.

In 2015, I reached Supernova Elite playing mainly PLO200. After this, I rarely played no-limit holdem as I just fell in love with PLO. I mean, who doesnt love getting two more cards?

More recently, it is Run It Once Poker where Arnold has spent a large percentage of his time grinding. The relatively new addition to the poker world is continually growing and evolving, doing so with its customers at the forefront of their thoughts. Why did Arnold swap the worlds busiest online poker site for Run It Once Poker?

What first attracted me to Run It Once Poker was Phil Galfond. The guy was and still is one of my poker heroes. So when I heard he was creating a site, I knew it would be something special. The rake is structured in a way where you can win even at the lowest levels and build a bankroll, whereas on other sites this is almost completely impossible it seems. Especially with the leadeRboards, one is able to build a very nice bankroll on the site starting with almost nothing, which is great for poker.

Indeed it is good for the game and should be commended.

Winning any leaderboard is no mean feat due to the intense grinding required. Arnold has never had an issue with putting in long hours at the poker table.

When you are used to driving a tractor for 16 hours a day, sometimes playing a little poker isnt so tough!

A typical leaderboard grinding day for Arnold starts at 7:00 a.m., have a shower, get dressed and check out what games are running. Hell then commit to playing all day until the games completely break up. He then heads to the gym to blow off some steam, comes home, eats, and relaxes by watching some movies.

Sometimes, its 12-hours of straight poker. If its a weekly leaderboard I do this for the first few days and hopefully, gain a good lead. If its a daily leaderboard, then its over in a single day. I enjoy playing both formats, some players prefer the daily ones more.

Grinding for a prolonged period of time can be tough mentally and you can sometimes become your own worst enemy. Weve spoken to leaderboard winners in the past who say its difficult to play your best poker when you have other players breathing down your neck and racking up points. There are hurdles to overcome if you want to be a leaderboard winner.

As far as the biggest hurdles to get over when grinding leaderboards, I would say just try not to tilt as that can quickly ruin your sessions. Also, you may have to play heads-up or short-handed a lot, which can seem intimidating to some players, but it is so much more fun than playing at a full table.

Run It Once Poker Releases Sit-N-Gos Teaser Trailer

Arnold admits that hes not much of a student of the game in respect of reading books and analyzing hands, he prefers learning on the job, so to speak, gaining experience through playing the game. He has watched some PLO strategy videos by his hero Galfond on the Run It Once training site, which he highly recommends doing if you want to take your game to the next level. To succeed in poker, however, you need to be prepared to work hard.

I dont have an end goal in mind, maybe Las Vegas and the Mirage? The great thing about poker is that anyone can learn to win. Anyone can work hard, you just have to put in the work and it pays off in the long run.

For the time being, Arnold plans to continue grinding the PLO20 and PLO50 cash game leadeRboards, but he doesnt have any real poker-related goal in mind. If you want to be a leaderboard grinder, Arnold suggests you should also make sure youre having fun and love playing poker. You should also plan your sleep around the times where the games are busier and dont be afraid to play short-handed or even heads-up.

It shouldnt come as a surprise after reading this interview that Arnold is a big fan of Run It Once Poker.

If youre considering trying out Run It Once Poker, I highly recommend it. The software is amazing with the dynamic avatars and the games themselves are great. It almost feels like youre playing live poker. Ive seen some plays that I havent seen since 2008, which is great for poker! It has a very friendly community and you can build a bankroll from the smallest stakes.

So there you have it, Run It Once Poker should be the next online poker site that you give some business to. If you download Run It Once Poker via PokerNews, you are entitled to a 100% up to 600 welcome bonus.

All your deposits for the first 30-days after your first deposit are matched 100% up to a combined total of 600. You also have forever to release the bonus into your playable balance as long as you play at least one raked hand every 30-days.

The bonus released into your account as shown in the table below:

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Blockchain And Infrastructure Both Make Headlines, But How Are They Connected? – Forbes

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Blockchain and cryptoassets are booming, and with increased conversation around infrastructure investment, the question needs to be asked; how can blockchain enhance current and new infrastructure?

2019 Bloomberg Finance LP

While the conversation around blockchain and cryptoassets might seem to some as abstract or more conceptual than relevant on a day-to-day basis, the continuing debate around infrastructure investment and rehabilitation is more tangible. Regardless of what statistic is cited, there are concrete and quantitative benefits that come from improved infrastructure. These include reduced commuting time (and pollution), lower risks of failures during high stress situations, and adapting to climate induced changes. These benefits, however significant they are, tend to be focused primarily on the benefits of physical infrastructure investment; what about digital infrastructure?

Especially as the focus on green investment continues to accelerate, and the importance of digital infrastructure rises to prominence in a remote-first environment, developing a digital infrastructure framework is of critical importance. As has been seen time and again however, the security and data protection policies surrounding digital infrastructure and development have not kept pace with the sheer volume of information that is handled by these networks. Blockchain technology, as a digital technology tool developed to secure and transfer information between different network members, seems well positioned to anchor continued growth and development of digital infrastructure.

Lets take a look at some aspects of digital infrastructure that can benefit from increased blockchain integration across the board.

Broadband expansion. When the term infrastructure is mentioned, what often comes to mind are highways, trains, and other physical structures. Important to be sure, but these are only a part of the broader infrastructure conversation. As digitization and remote work increasingly become part of every day life across the globe, access to reliable and secure broadband is critical to personal and professional success. Particularly in the era of data breaches and other network failures, blockchain has an important role to play in the continued development of the internet and equitable access to online resources.

The increased percentage of work, education, and personal lives that have shifted online during 2020 simply highlighted just how important access to secure and high speed broadband is for economic and societal progress.

Smart infrastructure. Much has been written, and much is anticipated, about the emergence of smart cities, smart infrastructure, and smart grids. Whether it is focused around the emergence of the Internet of Things (IoT), or simply augmenting existing infrastructure and technology tools, the idea of intelligent infrastructure holds significant promise. Building on the first point, however, in order for these benefits to materialize and manifest as promised, the underlying technology platform needs to be secure and scalable. The risks of bad information, whether intentional or not, being spread throughout a digitally-enabled infrastructure, is significant but is something that a blockchain-based system can assist in addressing.

Even simply having autonomous vehicles, which in and of themselves deliver economic savings and benefits, requires a virtual grid to be scalable, responsive, and secure in order to operate as advertised.

Solar power grids. The rise of solar panels, be it for environmental reasons or for cost savings reasons on the side of individuals and businesses that have adopted these tools, has generated wider interest in the renewable or green economy than virtually any other initiative. Peeling back the layers, however, and there are multiple issues that require an integrated, secure, and reliable solutions to operate effectively. Be it the process by which power is sold back to the existing grid, credits being issued for adopting solar panels, or simply monitoring and (hopefully) improving the performance of these panels, data integrity is essential. The green economy holds significant promise, but to operate in a manner that makes sense and is sustainable, having tools to help prevent green-washing is an imperative.

On paper the idea of selling electricity back to the existing grid, and having a more democratized power generation and transmission process, makes perfect sense. What this means, however, is that the already complicated process of power transmission and distribution will be further complicated, and the integrity of this process is absolutely essential.

Financing infrastructure. Infrastructure may be a popular ballot measure, and a go-to tool in the policy toolkit, but when it comes to paying for these projects, there tends to be less consensus. Funding usually comes from government sources via ballot initiatives, special fees and assessments such as charges for air rights, or some sort of public-private partnerships. These methods certainly will remain, but introducing blockchain to the wider infrastructure conversation enables tokenization to come to the forefront. The ability to tokenize and, in essence, crowdfund, certain infrastructure projects, opens the door to new investors seeking to capitalize on increasing interest and appetite for infrastructure projects.

Two of the hottest and most widely discussed topics and ideas in the modern conversation are blockchain and infrastructure, but the connection between these two topics have not to date seemed to be made in a high profile way. Infrastructure is a widely acknowledged economic stimulus, but has routinely been beset with inefficiencies, a lack of transparency, and an inability to consistently measure the impact and data generated by these projects.

Blockchain is not a magic solution to infrastructure issues, but by integrating blockchain-based or blockchain-augmented tools into infrastructure projects, the ability of said initiatives to deliver sustainable, quantifiable, and equitable benefits will only increase.

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Blockchain And Infrastructure Both Make Headlines, But How Are They Connected? - Forbes

University of Wyoming Establishes Center for Blockchain and Digital Innovation – Crowdfund Insider

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The University of Wyoming (UW) has launched a Center for Blockchain and Digital Innovation.

As mentioned on UWs website:

Wyoming is a pioneer state known for firsts. In recent years, the state passed groundbreaking legislation to create a regulatory environment to foster blockchain application growth and diversify the economy.

The announcement also noted that the University is establishing a new Center for blockchain or distributed ledger tech (DLT) and digital innovation so that they can offer appropriate training programs to the states upcoming workforce.

As explained by the University of Wyoming, a blockchain is a digital or online record of transactions in which each transaction gets added to the chain after it has been verified by several independently functioning computers (commonly referred to as nodes).

Blockchain or DLT has been used to issue decentralized cryptocurrencies or digital assets. However, it has many other applications such as its use to enhance supply chain processes and digital payment and settlement systems. Many large enterprises currently use the DLT networks in ID verification systems and trade finance applications (among other use cases).

Steven Lupien, Adjunct Professor of Finance and Director of the new UW Digital Innovation Center, stated:

This tech is going to fundamentally change the way businesses and consumers operate in the future, very much like the internet did.

There are several other universities with their own blockchain or DLT centers. They include Arizona State University, the University of Arkansas, Carnegie Mellon University, Columbia University, Cornell University, Duke University, the University of Michigan, the Massachusetts Institute of Technology, Stanford University and the University of Texas-Austin.

Caitlin Long, the CEO at Avanti, a digital asset focused bank that recently received regulatory approval to offer services in Wyoming, stated:

UW is in rarefied air. Were working with some of the top scientific universities in the country.

Long has served on the Wyoming Blockchain Task Force and currently chairs UWs WyoHackathon. She has been working cooperatively with Wyoming State legislators including Rep. Tyler Lindholm and Sen. Chris Rothfuss. Long has helped with establishing important blockchain-related legislation in Wyoming.

She added:

Its about economic diversification. Its always been about jobs and bringing in outside capital to the state. Now, well have employers looking for UW graduates.

UW President Ed Seidel remarked:

This new center supports three of the four pillars weve established to guide the university: being more computational, interdisciplinary and entrepreneurial.The university is committed to helping drive future economic development in Wyoming, and this center has incredible potential to do so.

College of Business Dean Dave Sprott said that the university will offer a minor at the undergraduate level that will be open to any major by next fall. The university may also offer technical graduate certificates and a joint law and masters degree.

In February 2020, the University of Wyoming was awarded a $500,000 gift in Cardanos ADA tokens from IOHK (Input Output Hong Kong), which is an organization supporting the Charles Hoskinson led Cardano blockchain project. The award has been doubled to $1 million through a state matching program. The donation from IOHK will reportedly be used to set up a blockchain or DLT lab in the College of Engineering and Applied Science.

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How To Track Official Election Results On Ethereum And EOS – Forbes

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The official U.S. election results posted by the Associated Press will use two different blockchains to prove the results at any given time are official.

For the first time ever, the official U.S. Presidential election results will be posted on the ethereum and EOS blockchains by the Associated Press.

Beyond just posting the results, though, the AP is using the blockchains behind the scenes in its own application programming interface (API), meaning anyone tapping into the official AP results can verify the accuracy using the blockchain data.

As Facebook, Twitter and others have taken advanced steps to fight off false claims about results earlier in the day that might influence later voters, using the unalterable blockchain to time-stamp the results could pave the way for how future elections are handled.

AP is the gold standard in counting the vote and declaring election winners, saidDwayne Desaulniers, AP director of data licensing, in a statement. The AP has been calling U.S. elections since 1848.

On the surface, the API is just like any other software interface, where a company gives access to its data to either a paying customer, or the general public.

First, software developers at various news and research sites build their own mobile app for viewing results, or identify their existing app as a repository for the data. Then, during the election, the app polls the API at regular intervals, looking for information such as race results on a state and national level, including vote counts, delegate counts and whether or not a race has been called.

Additionally, the Associated Press voting data will be posted to Everipedia, a blockchain-based competitor to Wikipedia that uses software called an oracle to ensure the data that comes from outside the blockchain is accurate. Everipedia built its oracle using Chainlink, open-source software that uses the $4 billion link cryptocurrency as part of its consensus-building process.

Once the data is verified as authentic, it will be posted to the public ethereum and EOS blockchains, which in addition to tracking their native cryptocurrencies (ether and EOS, respectively), can be used to track any other data in exchange for a tiny fee, called gas. Unlike bitcoin, which is largely limited to tracking the cryptocurrency, ethereum and EOS have entire computer languages that can be used to write applications that run like a website, but without centralized servers.

Making this powerful technology more accessible is key to realizing its full potential, saidDaniel Kochis, head of business development at Chainlink, in a statement. And publishing the APs electoral race calls onto the blockchain for the first time is a big milestone in that journey.

While blockchain technology has been used to track actual votes of smaller elections, and has proved somewhat promising, the APs use to track the results is the largest scale use of the technology in elections to date.

Of course, while using blockchain to prove the AP election race calls are official is a potential solution to fraudulent claims designed to influence uncast votes, the data is only as strong as the voting process itself.

Other more elaborate blockchain solutions in the works, including Voatz, Votem and Agora Vote, purport to solve the problems of proving ones identity remotely (a possible boon to voting during a pandemic) and providing proof that ones vote was accurately counted. Both of which could still end up being problems that remain to be solved in this years election.

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How To Track Official Election Results On Ethereum And EOS - Forbes

UN drugs and crime wing advises Kenya to use blockchain against corruption – Cointelegraph

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Blockchain technology can help countries like Kenya from losing billions of dollars to corruption, according to an official at the United Nations drugs and crime agency.

David Robinson, the regional anti-corruption advisor at the UNs Office on Drugs and Crime, believes that new technologies like blockchain will help Kenya combat government corruption and other economic crimes.

According to Nation Media Group on Nov. 3, Robinson claimed that blockchain-based solutions can provide full traceability of transactions, protecting public registries from fraud and forgery. The official said:

Robinson said that technologies like blockchain are an important tool for increasing trust, as corruption represents a breach of the public trust. Online trust became a key asset for transactions between strangers and building confidence in government, he stated.

Kenya is reportedly losing up to a third of its budget to corruption each year due to a lack of modern equipment and technology for fighting graft. Failures to track corruption cases reportedly cause the country to lose as much as $6 billion each year.

A number of countries around the world have been looking at both blockchain technology and crypto as potential tools to combat corruption. In September 2020, Denmarks Ministry of Foreign Affairs released a report analyzing the use of blockchain in the fight against corruption. In July, the chairman of Kazakhstans anti-corruption service called on the state to develop a national digital currency to fight corruption in the country.

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UN drugs and crime wing advises Kenya to use blockchain against corruption - Cointelegraph

Blockchain Technology in Healthcare Market Research Report by Function, by End User – Global Forecast to 2025 – Cumulative Impact of COVID-19 – Yahoo…

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NEW YORK, Nov. 2, 2020 /PRNewswire/ --Blockchain Technology in Healthcare Market Research Report by Function (Claims Adjudication & Billing Management, Clinical Data Exchange & Interoperability, and Supply Chain Management), by End User (Healthcare Payers, Healthcare Providers, and Pharmaceutical Companies) - Global Forecast to 2025 - Cumulative Impact of COVID-19

Read the full report: https://www.reportlinker.com/p05913643/?utm_source=PRN

The Global Blockchain Technology in Healthcare Market is expected to grow from USD 5,475.81 Million in 2019 to USD 38,747.63 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 38.55%.

Market Segmentation & Coverage:This research report categorizes the Blockchain Technology in Healthcare to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Function, the Blockchain Technology in Healthcare Market studied across Claims Adjudication & Billing Management, Clinical Data Exchange & Interoperability, and Supply Chain Management.

Based on End User, the Blockchain Technology in Healthcare Market studied across Healthcare Payers, Healthcare Providers, and Pharmaceutical Companies.

Based on Geography, the Blockchain Technology in Healthcare Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Company Usability Profiles:The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Blockchain Technology in Healthcare Market including Blockpharma, Chronicled, Factom, Farmatrust, Gem, Guardtime, Hashed Health, International Business Machines Corporation, Isolve, Medicalchain, Microsoft Corporation, Patientory, Pokitdok, Proof.Work, and Simplyvital Health.

FPNV Positioning Matrix:The FPNV Positioning Matrix evaluates and categorizes the vendors in the Blockchain Technology in Healthcare Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Competitive Strategic Window:The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.

Cumulative Impact of COVID-19:COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.

The report provides insights on the following pointers:1. Market Penetration: Provides comprehensive information on the market offered by the key players2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments

The report answers questions such as:1. What is the market size and forecast of the Global Blockchain Technology in Healthcare Market?2. What are the inhibiting factors and impact of COVID-19 shaping the Global Blockchain Technology in Healthcare Market during the forecast period?3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Blockchain Technology in Healthcare Market?4. What is the competitive strategic window for opportunities in the Global Blockchain Technology in Healthcare Market?5. What are the technology trends and regulatory frameworks in the Global Blockchain Technology in Healthcare Market?6. What are the modes and strategic moves considered suitable for entering the Global Blockchain Technology in Healthcare Market?

Read the full report: https://www.reportlinker.com/p05913643/?utm_source=PRN

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Coin Founder Damon Nam Is Disrupting Finance and the Blockchain Industry with his Venture Coin – GlobeNewswire

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Los Angeles, CA, Oct. 30, 2020 (GLOBE NEWSWIRE) -- (via Blockchain Wire) If youve been looking into the Blockchain, Cryptocurrency, and Decentralized Finance (DeFI) movement for more than five minutes, youve probably run into the name Damon Nam. Damon is a 20 year IT professional, Microsoft alumnus, entrepreneur, and currently the Founder and CEO of Coin; an emerging financial services and technology company.

During his 17-year tenure at Microsoft, he assumed a number of different roles within the Microsoft Services organization. In his last role at Microsoft as a US Services Program Director, he was responsible for driving and managing Microsofts entire partner program for the US subsidiary; a program with approximately seventy-five partner organizations and a total book of business of over $90 million in revenue. With a great deal of business and information technology services experience under his belt, Damon, who has had years of interest in blockchain technology, decided it was time to put his particular talents to the task of tackling the problems in the traditional financial services industry. To that end, he founded Coin, a US-based FinTech startup.

Todays financial solutions, centralized banking entities, and devaluing dollars from continuous money printing by governments across the world, have sparked a renewed interest in sovereign wealth management for consumers. This has resulted in a large demand for an open financial system driven by blockchain technology and alternative assets such as Bitcoin. While innovative, the complex nature of todays solutions in the blockchain industry has created a dynamic that eliminates a large percentage of the population that seeks to join the revolution. Damon and his team at Coin want to completely democratize this industry and bring it to the masses by creating a paradigm shift that makes wealth management for digital assets seamless, simple, affordable, and accessible. Thereby, also reducing the wealth gaps that exist in our society and creating equal opportunity and a level playing field across the world. Damons goal is to develop solutions that reduce the complexities and pitfalls of the worlds traditional financial system and its inherent problems of high costs and risks that stem from corruption, human involvement, and custody of customer funds.

Coin XYZ, Inc. develops blockchain solutions to empower the world to execute secure financial transactions with freedom and simplicity. Coin is led by a team of Microsoft veterans including Byron Levels, and prominent advisors such as Christina Apatow, founder of FetchyFox, Jeremy Gardner, founder of Augur, Alex Mashinsky, founder of Celsius Network, as well as Pete Cashmore, founder of Mashable. For more information about Coin, please visithttps://coindefi.org.

Coinis staying the course and creating this new reality for all of us. They have architected a decentralized network that contains products and services that work cohesively together to solve these problems and empower consumers to manage their wealth. So whats the platform that is going to disrupt the financial and blockchain industries might you ask?

The Coin Exchange, an all-in-one cross-chain P2P decentralized cryptocurrency wallet, exchange, and assistant powered by atomic swap and artificial intelligence (AI) technology. Coin Exchange includes an integrated cryptocurrency wallet for users to store popular digital assets such as Bitcoin, Ethereum, and more. For exchanging assets, Coin Exchange leverages atomic swaps which replace the need for any third party involvement. This ensures low fees and is the most secure method of transferring value, as transactions occur directly between users, on the blockchain. This also makes Coin Exchange non-susceptible to hacks as users are the only custodians that can access their funds and no personal data is collected or centrally stored.

The Coin Exchange also includes browser extension support for the Internets most popular web browsers such as Google Chrome and Safari. When installed, this feature extends its capability by using AI technology to execute transactions faster and provide insights to help users save time and money. Similar to Grammarlys grammar recognition, Coin Exchange includes an assistant that can recognize blockchain-related keywords from any webpage. This allows Coin to provide education, insights, or help consumers execute financial transactions directly from any webpage with an input field. For example, users can send, receive and exchange transactions in a guided process or simply by typing text commands such as Send $50 Bitcoin to @cryptojane in any input field on the Internet. What is currently considered a complex task, can now be completed in a matter of seconds while browsing the web.

Unlike other solutions in the financial/blockchain industry today, the Coin Exchange brings a fresh innovative user experience to an industry filled with complexity and confusion. For example, instead of requiring users to navigate and login to their banking website or app, Coins AI works behind-the-scenes and seamlessly merges personal finance into the natural workflows of our daily activities on the Internet including browsing the web, creating documents, and updating social media.

By leveraging emerging technology, we are placing the power back into the hands of the people, and empowering consumers to manage their wealth with an innovative digital assets experience that is simple, secure, and personalized, says Damon Nam, founder and CEO at Coin.

The Coin Exchange creates a seamless, unified experience while browsing the Internet to help bridge the gap and bring cryptocurrencies to the masses. The shift to sovereign wealth management has already begun Damon and his all-star team at Coin aspire to become the industry-leading financial organization that leads the charge to disrupt the norm.

Contact:Damon NamCEOCoinDamon@coinve.st

https://coindefi.org

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Coin Founder Damon Nam Is Disrupting Finance and the Blockchain Industry with his Venture Coin - GlobeNewswire

Blockchain leaves traditional payments in the dust – PaymentsSource

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E-commerce is expected to surpass $4.6 trillion globally by 2022, with the seamless experience of e-wallets boosting its popularity. The simplicity of services like PayPal and Stripe has helped to improve customer experience while giving merchants easy access to new markets.

Blockchain-based solutions represent the next logical evolution of this trend. By eliminating middlemen, cross-border blockchain payments can result in even faster transfers while significantly reducing costs for both merchants and customers.

In a traditional payment flow, three to five parties facilitate a single transaction. Together, they make up what is called the payments stack. These different parties work together to create trust. The process confirms that transactions can be carried out and manages the transfer of funds. At the same time, this trust has a cost, which is ultimately borne by merchants. Each party within the payments stack takes a small cut of a transaction.

A typical transaction involves a payment processor checking with the issuing bank whether a customers card can be charged. Once a transaction is validated, which occurs within a few milliseconds, a merchant has a guarantee they will be paid at a later date. Over subsequent days, funds are transferred from the issuing bank to the acquiring bank.

The traditional stack involves numerous charges. Card networks and other parties can also raise their fees. As recently as September 2019, Visa added a fixed charge of 0.02 EUR for merchants using 3-D Secure, which is increasingly required under new PSD2 legislation.

Cost isnt the only issue merchants face with the traditional stack. The speed of transactions can also be a problem. While validation takes place in milliseconds, it can be days before money finally arrives in a merchants bank. This is not ideal for small- to-midsize businesses that depend heavily on cash flow to pay suppliers and employers.

The picture is even worse for merchants when we look beyond card payments. In the U.S., the average B2B payment cycle takes about 34 days to complete, with almost half of invoices being paid late.

So-called holdbacks are another issue that has come to prominence recently. Here, acquirers keep a percentage of a merchants revenue as collateral in case a service is not provided, and refunds must be issued. Holdbacks have particularly affected the travel industry as a result of the COVID-19 pandemic. Most travel is booked in advance, and given the uncertainty introduced by COVID-19, holdbacks have increased significantly. This has led to reduced cash flow for merchants and ultimately to the insolvency of Thomas Cook and Flybe.

While traditional payments are geared towards creating trust, 78% of businesses reported attempted or actual B2B payments fraud during 2018, with international fraud rising 136% from 20172019. Although nearly half of payment fraud is related to pen-and-paper processes, digital methods and credit cards are not immune.

Faced with this situation, it is not surprising that more and more companies are turning to fintech to reduce payment costs, particularly when it comes to B2B payments, where 1.8% interchange fees for cards introduce excessive overhead.

When we view the payments stack as a means of generating trust, the promise of blockchain becomes clear: it can eliminate the stack entirely. Customers send funds directly to merchants, with transactions being verified by a decentralized network.

Blockchain promises great improvements for merchants in terms of speed and cost. No middlemen are required to check whether funds can or cannot be sent the network will reject a transaction if a wallet has an insufficient balance. Once a transaction is confirmed, funds arrive within minutes. The only cost is a network fee, paid by the customer themselves.

Whats more, blockchain is ideal for protecting against fraud and encouraging transparency. The fundamental problem blockchain solves the double spending problem is directly related to preventing fraudulent transactions. Blockchain is designed to make it impossible to spend coins you do not have.Moreover, since blockchains are public ledgers, regulators can easily perform automated audits.

Blockchain is also a universal solution. While the U.S. has ACH for bank transfers and the EU has SEPA, Bitcoin works the same everywhere. No bureaucracy is required to send funds overseas. Not only does this make designing integration protocols relatively simple, but it gives merchants easy access to new overseas markets.

A 2019 report from the European Payments Council indicated an increase of cryptocurrency use alongside the growth of e-commerce.

Blockchain has too many advantages over traditional payment solutions for merchants to ignore. By accepting cryptocurrency, merchants can tap into a growing multibillion-dollar market and get a taste of a cashless, borderless future.

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Blockchain leaves traditional payments in the dust - PaymentsSource

Blockchain In Government Market 2020: Potential Growth, Challenges, and Know the Companies List Could Potentially Benefit or Loose out From the Impact…

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Blockchain In Government Marketreport analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios. The report covers the present scenario and the growth prospects of the global Blockchain In Governmentmarket for 2020-2025.

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The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; emergency declared in many countries; massive slowing of the supply chain; stock market unpredictability; falling business assurance, growing panic among the population, and uncertainty about future.

COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.

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Blockchain In Government Market 2020: Potential Growth, Challenges, and Know the Companies List Could Potentially Benefit or Loose out From the Impact...

Blockchain aims to solve AI ethics and bias issues – ZDNet

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The global AI market is projected to reach $266 billion by 2027. According to IDC, worldwide spending on AI is expected to double in four years, reaching $110 billion in 2024.

However, the rapid increase in the global adoption of AI has led to concerns over privacy, fairness, and transparency.

Gothenburg, Sweden-based tech start up Unbiased aims to solve these issues. It is building solutions to solve ethical challenges in AI and big data using blockchain technology.

The company has announced the launch of its Data Marketplace tool. The tool is intended to be a 'one-stop-shop B2B solution' for enterprises working with AI and Machine Learning applications.

The solution includes privacy-centric and decentralized AI development tools to companies who are working with AI and Machine Learning applications including data collection, annotation, labelling and analytics which are all recorded on the blockchain.

The project was introduced in beta in March 2020, and is now live for commercial use.

Currently, most dataset generation tools for training supervised Machine Learning and AI algorithms tend to be centralized, with no transparency in the process. This can bring biased results as the algorithm learns, and can be kicked off track by rogue data.

The start-up uses the Telos blockchain to track all actions on the Data Marketplace platform, including the creation of projects and tasks, worker contributions, and exchange of data. Unbiased chose Telos' governance engine, Telos Decide, for integration into business workflows.

The Unbiased Data Marketplace is supported by Unbiased WorkForce, a crowdsourcing platform with data collection and annotation tools needed to source AI and ML datasets. The platform currently supports over 20 project and task types.

You can contribute and earn money for your work by signing up for Unbiased through the App Store, Google Play, or the web app, finish the qualifier tasks, and start to work on paid tasks.

The first sets of tasks are live now with initial projects focusing on data collection and audio transcription.

Sukesh Tedla, Founder and CEO of Unbiased said: "Unbiased uses the Telos blockchain to improve transparency and integrity, allowing users to trust and validate whether their dataset annotations are happening according to set requirements."

Gartner research has revealed that organizations deploying AI grew from 4 to 14 percent over the past two years so protecting data transparency, trustworthiness, and ethics in the multi-billion dollar AI industry is critical.

The European Union are researching the far-reaching impacts of AI and how to best address transparency challenges.

Perhaps the immutable ledger and transparency of the public blockchain will provide the decentralised, trusted solution AI and ML desperately needs.

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Blockchain aims to solve AI ethics and bias issues - ZDNet

Blockchains compelling case in bringing trust, visibility into supply chain transactions – FreightWaves

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Even as technology percolates within supply chains, logistics operations continue to be fraught with visibility issues. This problem stems from logistics stakeholders struggling to trust their partners both upstream and downstream in the value chain, jeopardizing data interconnectivity and the resulting efficiency gain.

Blockchain as a technology can be a powerful tool to infuse trust into a value chain, especially in situations that require transactions to be made based on data arising from different stakeholders in the network. FreightWaves spoke with executives from Data Gumbo, a blockchain-based smart contract platform, to understand how blockchain can be leveraged across the logistics industry to ensure seamless transactions.

At Data Gumbo, we automate the execution of contracts between buyers and sellers using a combination of data held by those parties and other third parties to confirm those transactions have occurred. Our platform then automatically calculates the appropriate payments and pushes that information back in a pre-reconciled way to the parties systems of record be that SAP, Oracle or QuickBooks, said William Fox, chief product officer at Data Gumbo.

Data Gumbo works in the oil and gas logistics space, where it helps enforce trust into transactions incurred around the trucking of produced water that is hauled from oil wells to disposal facilities. Fox explained that the company frequently heard from trucking companies that complain of their payments getting delayed, as the usual 30-day payment terms get extended to over 45 days due to invoices getting disputed and kicked around before being paid.

A blockchain network serves to eliminate such disputes, while also reducing massive physical paper documentation that translates into saved operational costs. Savings can be looked at in other ways. For instance, in the diesel context, there are 3-6 cents per gallon of saved costs on our platform. Getting paid on time reduces the interest charge of financing your customer, whos not paying fast enough and less administration, middleware and subscription software that needs to be paid from your pocket, said Fox.

To enable such transactions through the blockchain network, it is crucial for data that enters the system to be standardized across the value chain. Since it is not feasible to ask every stakeholder in the trucking supply chain to be compliant with data standards, Data Gumbo looks to bridge the gap by acting as a standardized aggregator.

We utilize standards where theyre available. But we map our data to a standard model within our system. In essence, we arent trying to get the industry to standardize but use our internal model to map data, said Andrew Bruce, the CEO of Data Gumbo. This relieves companies of the burden to standardize while getting on the network.

Data Gumbos quest to create seamless trusted transactions centers around ensuring the data it uses is reliable and with little margin of error. Within the blockchain consortium, the margin of error is capped at 1.6% for transactions to remain automated between two parties, with a larger margin of error in transactions needing manual intervention before approval.

This way, companies become highly interested in data. This is because there is a high incentive in making sure the data quality is high, and data is accurate, said Bruce.

Data Gumbo recently partnered with Texas Alliance of Energy Producers to deploy its interconnected blockchain network to its members, powering smart contracts that help stakeholders cut operational costs and increase efficiencies in commercial transactions. By ensuring a trusted environment for data sharing, Data Gumbo has enabled energy producers to capture the value and mitigate risk via better and informed decisions.

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Blockchains compelling case in bringing trust, visibility into supply chain transactions - FreightWaves

Here Are the 2020 Election Races Crypto Should Watch – Coindesk

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CoinDesk is monitoring the U.S. election, following candidates for the Senate and House of Representatives in addition to the Presidency.

The list below includes a number of lawmakers important to the crypto space, whether they be politicians who are proponents of innovation and light-touch regulations, or those who have dismissed the cryptocurrency space or come out against related topics like privacy and encryption.

Here are the candidates were watching over the next few days as the final vote is tallied.

President

Donald Trump (R) U.S. President Donald Trump, first elected in 2016, has only commented publicly on cryptocurrencies once, tweeting in July 2019 that he was not a fan of Bitcoin a month after Facebook unveiled the Libra project. Trump has nominated a number of federal regulators relevant to the crypto space, including CFTC Chairman Heath Tarbert and SEC Commissioner Hester Peirce, as well as Attorney General William Barr, who has publicly opposed encryption and announced a report criticizing privacy coins and privacy-enhancing tools like bitcoin mixers.

Joe Biden (D) Former U.S. Vice President Joe Biden has not commented on cryptocurrencies during his push for the presidency, although his campaign joked it was not accepting Bitcoin after his account was compromised during the 2020 Twitter hack. Potential Biden appointees reportedly include Boston Federal Reserve Governor Lael Brainard, who oversees the central bank branchs work on digital dollar research. Biden hasnt discussed encryption during the campaign, but he played a seminal role in the original Crypto Wars; as a Senator in the early 1990s, Biden proposed legislation that would have effectively banned encryption, spurring Phil Zimmerman to create the Pretty Good Privacy software for encrypting email.

Jo Jorgensen (L) Jo Jorgensen, a senior lecturer at Clemson University, is a proponent of free market healthcare and replacing social security. Shes said multiple times on Twitter that she is a fan of Bitcoin. Bitcoin adherents trend libertarian so maybe theyre also a fan of hers.

Brock Pierce (I) Brock Pierce, known for his work as a child actor in The Mighty Ducks as well as his effort to create a crypto-friendly community in Puerto Rico, is running as an independent candidate. Pierce co-founded Realcoin, which eventually became the Tether stablecoin. He later was a co-founder of Block.One, the company behind the EOS blockchain.

Top 5 Senate races to watch

Rep. Cynthia Lummis (R-Wyo.) Lummis, who served in the House between 2009 and 2017, first invested in bitcoin in 2013 and has said she is impressed by bitcoin as a store-of-value. She won her primary race to join the U.S. Senate representing Wyoming, and is expected to win her seat easily. With a crypto-friendly banking law tapped by Kraken and Avanti Financial, Wyomings state government has taken the lead on crypto assets in recent months.

Sen. Tom Cotton (R-Ark.) Cotton chairs the Senate Banking Committees economic policy subcommittee, and has advocated for a digital dollar and the modernization of a dollar, saying it needs to be better than bitcoin. Previously, Cotton has made remarks supporting the scrutiny and regulation of cryptocurrencies in light of concerns about their use in illicit activities, as well as concerns that Facebook is trying to use Libra to enter into new markets. He is one of the co-sponsors of the Lawful Access to Encrypted Data Act, which would require encrypted communication systems to include backdoor access for enforcement agencies.

Sen. Mark Warner (D-Va.) Warner has expressed concerns about Libra, writing to its governing body last year to discourage the Chinese yuan from being included in the fiat basket underlying the cryptocurrency. The Senate Banking Committee member has also suggested that Facebook might use its user base to rapidly scale up Libra when it launches.

Sen. Mike Rounds (R-S.D.) Rounds was the first U.S. senator to embrace the Libra stablecoin project, praising the initiative in an open letter sent to Anchorage, one of the Libra Associations members last year (notably, Anchorage is based in South Dakota). He contrasted Libra with FedNow, the Federal Reserves planned real-time payments system. He has also praised the South Dakota Division of Bankings decision to grant Anchorage a trust charter.

Sen. Lindsey Graham (R-S.C.) Graham is one of the co-sponsors of the Lawful Access to Encrypted Data Act, which would require encrypted communication systems to include backdoor access for enforcement agencies. He has also overseen a hearing on the impact cryptocurrencies may have had on U.S. elections, specifically looking at foreign interference concerns.

Other Senate races

Sen. Marsha Blackburn (R-Tenn.) Blackburn is one of the co-sponsors of the Lawful Access to Encrypted Data Act, which would require encrypted communication systems to include backdoor access for enforcement agencies.

Sen. Martha McSally (R-Ariz.) As a Congresswoman in the U.S. House of Representatives, McSally proposed using a blockchain to store and share information about endemic diseases. She was first elected to the Senate in 2018.

Sen. Kelly Loeffler (R-Ga.) The former CEO of crypto derivatives and warehouse provider Bakkt has not mentioned Bitcoin since being appointed to the U.S. Senate by Georgia Gov. Brian Kemp (R) late last year.

Sen. David Perdue (R-Ga.) Perdue co-sponsored a bill calling for tighter sanctions on the petro, Venezuelas central bank digital currency, among other relief efforts for migrants from the country.

Sen. Dick Durbin (D-Ill.) Durbin co-sponsored a bill calling for tighter sanctions on the petro, Venezuelas central bank digital currency, among other relief efforts for migrants from the country.

Sen. Ed Markey (D-Mass.) Markey has called on the Trump administration to take stronger action against North Korea, claiming a lack of cybercrime provisions in sanctions on the country do nothing to restrict North Koreas ability to steal cryptocurrencies. He has also called on the Federal Communications Commission to take action against SIM swappers, who often steal cryptocurrencies from their victims after hijacking their phones.

Sen. John Cornyn (R-Texas) Cornyn co-sponsored a bill calling for tighter sanctions on the petro, Venezuelas central bank digital currency, among other relief efforts for migrants from the country.

Top 10 House of Representatives races to watch

Rep. Ted Budd (R-N.C.) A first-term Congressman, Budd has co-sponsored a few bills to provide regulatory clarity around cryptocurrencies in the U.S. (alongside Rep. Darren Soto (D-Fla.)), including the Virtual Currency Consumer Protection Act of 2018. Hes also sought to clarify crypto taxation laws, introducing a bill to prevent double-taxation on crypto transactions. Last year, he also wrote a letter with Coin Center asking SEC Chair Jay Clayton to say whether he agreed with a division head that ether, the second-largest cryptocurrency by market capitalization, was not a security.

Rep. Warren Davidson (R-Ohio) A first-term Congressman, Davidson is a firm proponent of cryptocurrencies and creating regulatory clarity for the space through legislative action. He has sponsored the Token Taxonomy Act at least twice (with Rep. Darren Soto (D-Fla.)) in the hopes of amending U.S. securities laws to create clear buckets for cryptocurrencies.

Rep. Tom Emmer (R-Minn.) A third-term congressman, Emmer is a co-chair of the Congressional Blockchain Caucus. He introduced a bill aimed at encouraging innovation by creating safe harbor for blockchain startups. Emmer also twice-introduced a bill that would benefit taxpayers holding crypto. His latest bipartisan bill on securities clarity seeks to classify tokens as commodities.

Rep. Bill Foster (D-Ill.) A fifth-term congressman, Foster is co-chair of the Congressional Blockchain Caucus. Along with Rep. French Hill (R-Ark.), Foster urged the Federal Reserve to consider the creation of a central bank digital currency in a 2019 letter to Chairman Jerome Powell. The same year, Foster was among the lawmakers who called for clarity on crypto taxation. In the past hes advocated for creating secure digital identity tools and predicted in 2018 that a central bank issuing its own cryptocurrency could impact the U.S. dollars status as a global reserve currency.

Rep. French Hill (R-Ark.) A third-term congressman, Hill wrote a letter to Federal Reserve Chair Jerome Powell with Rep. Bill Foster (D-Ill.) asking the government to consider a national digital currency. He is a member of the Congressional Blockchain Caucus. In a video interview with Yahoo Finance, Hill stated that blockchain tech is part of the future.

Rep. Stephen Lynch (D-Mass.) A longtime Congressman from Massachusetts, Lynch has participated in a number of pro-blockchain initiatives in the House of Representatives over the past few years, including heading up a FinTech Task Force established by the Financial Services Committee. Hes also called on the White House to consider using blockchain tools to support COVID-19 relief efforts.

Rep. David Schweikert (R-Ariz.) Schweikert has been an active proponent of cryptocurrencies in the U.S., introducing a number of bills to regulate cryptocurrencies and acting as one of the Congressional Blockchain Caucuss co-chairs. Just last month, he reintroduced a bill with Rep. Darren Soto (D-Fla.) that would let smart contracts and other information stored on a blockchain act as legal records. Hes also attempted to create a de minimus exemption for small payments conducted using cryptocurrency, a position many crypto advocates and lobbyists have called for.

Rep. Brad Sherman (D-Calif.) A longtime Representative from California, Sherman has made his anti-crypto stance clear over the past few years, going so far as to call for a complete ban on cryptocurrencies during a House Financial Services Committee hearing. More recently, during a hearing over the Libra project, he said the stablecoin project would be a godsend to criminals and touted the dollars role in enforcing sanctions.

Rep. Darren Soto (D-Fla.) Soto introduced two bills on digital taxonomy and blockchain innovation that passed the House of Representatives, and were incorporated into the Consumer Safety Technology Act (H.R. 8128). Soto has also introduced two amendments to the National Defense Authorization Act that could boost the use of blockchain tech in the U.S. military, which were unanimously passed by the House.

Rep. Maxine Waters (D-Calif.) The Chairwoman of the House Financial Services Committee has called a number of hearings around crypto and blockchain, including several after Facebook unveiled the Libra initiative. Shes said in public statements that private crypto projects like Libra cannot be allowed to compete with the U.S. dollar, and has called for a complete halt in development until lawmakers and regulators can get a better grasp of the project and how it might be regulated.

Other House of Representatives races

Rep. Matt Gaetz (R-Fla.) A second-term congressman, Gaetz is a member of the Congressional Blockchain Caucus. In 2020, along with other members of the caucus, he signed a letter addressed to President Trump asking the administration to use blockchain technology to streamline pandemic relief efforts. Gaetz also signed a 2019 letter asking the IRS to clarify tax rules as they apply to crypto assets.

Rep. Jess Chuy Garcia (D-Ill.) A first-term congressman, Garcia introduced the Protecting Consumers from Market Manipulation Act in 2019 with Rep. Rashida Tlaib (D-Mich.). The bill called on the Financial Stability Oversight Council and the Federal Reserve to put together a report on the implications of digital currencies which it defined as a form of exchange and store of value but not real currency or real money.

Rep. Sylvia Garcia (D-Texas) A former state senator, Garcia has not taken an overly active role in calling for crypto regulation, but introduced a bill that would classify stablecoins as securities after a House Financial Services Committee hearing about Libra last fall. She later modified the proposed text to specify the securities designation would only apply to managed stablecoins, referring to those backed by a basket of fiat currencies that are actively managed by a governing entity. In her view, Libras subsequent revamp was insufficient to address regulatory concerns.

Rep. Anthony Gonzalez (R-Ohio) A first-year Congressman from Ohio, Gonzalez has participated in a few hearings around blockchain technology, asking an infosec executive whether the U.S. had the ability to shut down anonymity-enhancing tools like Dark Wallet. He has also sponsored a bill empowering the Financial Crimes Enforcement Network (FinCEN) to study whether blockchain and other new technologies might be useful for the agencys data collection and analysis efforts.

Rep. Lance Gooden (R-Texas) A first-term congressman, Gooden was among the lawmakers that called for the IRS to clarify tax laws as they apply to crypto assets, airdrops and forks in 2019. Gooden and Rep. Sylvia Garcia (D-Texas) introduced the Managed Stablecoins are Securities Act of 2019, aimed at classifying actively-managed stablecoins like the Facebook-sponsored Libra as securities and establishing oversight under existing securities laws.

Rep. Paul Gosar (R-Ariz.) A fourth-term congressman, Gosar introduced the Crypto-Currency Act of 2020, which was referred to the Committee on Financial Services. The draft bill asked to clarify which federal agencies regulate digital assets, and to require those agencies to notify the public of any licenses, certifications or registration requirements. The bill was not considered by the committee.

Rep. Josh Gottheimer (D-N.J.) A second-term congressman, Gottheimer co-sponsored the Token Taxonomy Act which would exempt tokens from U.S. securities law. It was reintroduced to Congress in 2019, after it did not leave committee in 2018. He is a member of the House Financial Services Committees Fintech Task Force, and was among the group of lawmakers who signed a bipartisan letter to Trump adviser Larry Kudlow asking him to include blockchain in the administrations initiatives for emerging technologies.

Rep. Brett Guthrie (R-Ky.) A sixth-term congressman, Guthrie introduced the Blockchain Promotion Act of 2018 with Rep. Doris Matsui (D-Calif.). The bill called for the creation of a working group to study the technology, and create a common definition for government purposes. In 2020, the congressman introduced HB6938, a bill to survey the prevalence of blockchain technology across industries and governments globally, with the goal of setting up a national blockchain strategy.

Rep. Trey Hollingsworth (R-Ind.) A second-term Congressman, Hollingsworth signed a bipartisan letter to Trump adviser Larry Kudlow urging the administration to include blockchain in its initiatives for emerging technologies. Along with other lawmakers, Hollingsworth held a briefing with financial regulators to discuss how machine learning and AI can reduce money laundering and terrorist financing.

Rep. Pramila Jayapal (D-Wash.) A first-term Congresswoman, Jayapal co-sponsored a stimulus bill with Rep. Rashida Tlaib (D-Mich.) that would create a Digital Dollar Account Wallet accessible to every U.S. resident and granting them access to financial services. The chief idea is to use this system to issue $2,000 per month to each resident, backing the funds by minting a pair of $1 trillion coins. Jayapal is also a member of the House antitrust subcommittee, and told CNBC earlier this month that new bills targeting Big Tech monopolies could be introduced next year.

Rep. Ro Khanna (D-Calif.) A second-term congressman, Khanna is a member of the Congressional Blockchain Caucus. He was among the 11 lawmakers that signed a letter to Treasury Secretary Steven Mnuchin to consider blockchain technology for streamlining the distribution of funds and supplies to those in need during the COVID-19 pandemic. He also signed a letter addressed to the federal government, urging the administration to use blockchain solutions in pandemic relief efforts.

Rep. Sean Maloney (D-N.Y.) Maloney, a second-term Congressman, has introduced legislation to provide some clarity around how the Commodity Futures Trading Commission collects information about digital commodities contracts and swaps. At the time, he said it was the first crypto derivative-specific legislation to make it out of committee.

Rep. Doris Matsui (D-Calif.) A fourth-term Congresswoman, Matsui introduced the Blockchain Promotion Act of 2018 with Rep. Brett Guthrie (R-Ky.), aimed at defining blockchain technology by creating a working group to research the space. She also co-introduced the Blockchain Innovation Act, calling for a report on the state of blockchain technology in consumer protection and other areas. At a 2018 congressional committee hearing, Matsui asked Twitter CEO Jack Dorsey to explain the potential applications of blockchain.

Rep. Ben McAdams (D-Utah) A first-term congressman, McAdams signed a 2020 letter to the U.S. Treasury Secretary Steven Mnuchin, calling for the department to use blockchain technology to streamline pandemic relief efforts. He also signed a similar letter addressed to President Trump and federal officials months later. He is a member of the House Financial Services Committees fintech task force. McAdams has been critical of Facebook in the past, arguing that Libra might enable child exploitation by protecting predators.

Rep. Patrick McHenry (R-N.C.) Running for his fifth term in Congress, McHenry is the Ranking Member of the House Financial Services Committee, which oversees much of the crypto space. Hes warned against regulating the nascent space too heavily, saying theres a great opportunity around this technology. However, hes also raised concerns with certain projects, calling for a hearing around Libra as soon as it was announced last June.

Rep. Jerry McNerney (D-Calif.) A seventh-term congressman, McNerney signed a 2020 letter to the U.S. Treasury Secretary Steven Mnuchin, calling for the department to use blockchain technology to aid pandemic relief efforts and the distribution of relief funds. He also signed a letter to President Donald Trump, explaining the benefits of blockchain in streamlining administrative processes.

Rep. Kathleen Rice (D-N.Y.) A third-term congressman, Rice introduced the Homeland Security Assessment of Terrorists Use of Virtual Currencies Act in 2019. The bipartisan bill passed the house, and requires the department of homeland security (DHS) to develop a threat assessment report on virtual currency use by terrorist organizations. The bill was co-sponsored by Reps. Peter King (R-N.Y.), Brad Sherman (D-Calif.) and Van Taylor (R-Texas).

Rep. Eric Swalwell (D-Calif.) A fourth-term congressman, Swalwell accepted bitcoin for his 2020 presidential bid and signed a letter urging the IRS to clarify tax laws as they apply to crypto for a second time. He has been quoted saying, Blockchain can change the world, if we let it.

Rep. Rashida Tlaib (D-Mich.) A first-term Congresswoman, Tlaib co-sponsored a stimulus bill with Rep. Pramila Jayapal (D-Wash.) that would create a Digital Dollar Account Wallet accessible to every U.S. resident and granting them access to financial services. The chief idea is to use this system to issue $2,000 per month to each resident, backing the funds by minting a pair of $1 trillion coins. Tlaib has also overseen certain House Financial Services Committee hearings around the crypto space.

Read more:

Here Are the 2020 Election Races Crypto Should Watch - Coindesk

Blockchain in Media, Advertising, and Entertainment Market: Key Facts And Forecast Predictions Presented Until 2027 – Eurowire

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The Global Blockchain in Media, Advertising, and Entertainment Market report, published by Verified Market Research, is an extensive compilation of the essential aspects of the global Blockchain in Media, Advertising, and Entertainment market, assessed thoroughly by our team of researchers. The market intelligence report offers insightful data and information relevant to the market to acquaint the readers with the lucrative growth prospects existing in this industry, eventually helping them formulate effective business strategies. The global Blockchain in Media, Advertising, and Entertainment market report has been methodically curated using industry-verified data to offer information concerned with the leading manufacturers and suppliers engaged in this sector. It further focuses on their pricing analysis, gross revenue, product portfolio, sales network & distribution channels, profit margins, and financial standing.

Global Blockchain in Media, Advertising, and Entertainment Market was valued at USD 53.8 Million in 2018 and is projected to reach USD 4,584 Million by 2026, growing at a CAGR of 73.9% from 2019 to 2026.

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Competitive Landscape:

The global Blockchain in Media, Advertising, and Entertainment market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graphs, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market. Moreover, it highlights the strategic approaches of the key players towards expanding their product offerings and reinforcing their market presence.

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Therefore, the latest research document includes competitive analysis, key market players, crucial industry-related facts & figures, sales revenue, product prices, gross margins, market shares, business strategies, dominant regions, and key developments.

Global Blockchain in Media, Advertising, and Entertainment Market, By Type Of Blockchain

Public Private

Global Blockchain in Media, Advertising, and Entertainment Market, By Enterprise Size

Small and Medium-sized Enterprises (SMEs) Large Enterprises

Global Blockchain in Media, Advertising, and Entertainment Market, By Application

Licensing & Rights Management Digital Advertising Smart Contracts Content Security Online Gaming Payments

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The report encompasses the significant effects of the coronavirus pandemic on the Blockchain in Media, Advertising, and Entertainment market and its key segments. The report offers a vivid picture of the current market scenario, closely investigating the impact of the pandemic on this specific business sphere, its leading players, supply chains, distribution channels, and its global scenario. The pandemic has affected the global industry extensively, subsequently disrupting the Blockchain in Media, Advertising, and Entertainment market mechanism. Furthermore, the research study examines the Blockchain in Media, Advertising, and Entertainment market and the recent disruptive changes in the business setting that followed the outbreak. Also, the future effects of the pandemic on the market have been assessed in the report.

Key Geographies Encompassed in the Report:

North America (U.S., Canada)Europe (U.K., Germany, Italy, France, Rest of EU)Asia Pacific (India, Japan, China, Australia, Rest of APAC)Latin America (Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Taxonomy:

Chapter 1: Methodology & Scope

Definition and forecast parametersMethodology and forecast parametersData Sources

Chapter 2: Executive Summary

Business trendsRegional trendsProduct trends

Chapter 3: Industry Insights

Industry segmentationIndustry landscapeVendor matrixTechnological and innovation landscape

Chapter 4: Regional Landscape

Chapter 5: Competitive Outlook

Company ProfileBusiness OverviewFinancial DataProduct LandscapeStrategic Outlook

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Blockchain in Media, Advertising, and Entertainment Market: Key Facts And Forecast Predictions Presented Until 2027 - Eurowire

‘Baby Shark’ is now the most watched YouTube video of all time – Mashable

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Where were you when you first heard "Baby Shark"? When did those "doo doo doo doo doo dooos" first penetrate your blood brain barrier? When did you oh so innocently think, "Huh, this is fun!"

If you're like most "Baby Shark" victims, that first time was likely not the last. According to YouTube statistics reported by the BBC, the Pinkfong music video recording of Baby Shark is now the most watched YouTube video of all time. Doo doo doo doo doo doo!

Surpassing 7.044 billion views, it has overtaken the 2017 Luis Fonsi jam, "Despacito," which was previously the most watched video with some 7.038 billion views. Suave, suavecito, indeed.

A longtime kids' summer camp song that's sort of just been in the ether, "Baby Shark" went big when the Korean kids' educational entertainment company Pinkfong put their catchy recorded version up on YouTube in 2016.

It gained popularity in South Korea, and doing the arm chomping dance became a viral challenge across the globe in 2017. The Baby Shark craze has continued to spread in the ensuing years, and no one's ears especially parents of young kids who insist on watching it over and over and over and OVER again have been the same since.

Baby Shark........ congrats.

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'Baby Shark' is now the most watched YouTube video of all time - Mashable