Wiese and Zyburt give stance on becoming Second Amendment sanctuary county – UpperMichigansSource.com

MARQUETTE, Mich. (WLUC) - Earlier this month, a group of concerned citizens approached the Marquette County Board of Commissioners with a resolution for the county to become a Second Amendment sanctuary county.

The board said it does not have the authority to make that declaration, but that commissioners will uphold the second amendment, as they swore to uphold the Constitution when they took their positions on the board.

"We believe it to be where our local elected officials will back the people, regardless of what laws are passed in Lansing, to support us and not come and take our guns when Lansing says to come take our guns, said Chair of Marquette County for Second Amendment Sanctuary County, John Kovarik.

Following the board meeting, Kovarik reached out to the Marquette County Sheriff, Greg Zyburt, and the Marquette County Prosecutor, Matt Wiese, asking for them to declare support for becoming a sanctuary county.

Zyburt and Wiese sent out a press release Tuesday, stating that they cannot make the declaration due to their positions.

"It was rather disturbing and I'm not happy about it. I know there's a lot of gun owners out there that are not going to be happy about it, Kovarik added.

Wiese says to declare public support for a Second Amendment sanctuary county would be unlawful and against the oath he took as Marquette County's prosecutor.

"I know there's a lot of alarm out there because of what went on in Virginia last week, but we're not talking about that. We can't take a pledge to say that if they pass this law that somehow limits firearms, that we say we're not going to enforce it because by doing that, we're violating our oath of office, said Wiese.

Zyburt has taken the same stance as Wiese on the issue.

"We swore to an oath for the second, the first, the third, the fifth amendments and both the State and the Constitution, and we're going to follow it. We're not going to be bullied. This is our position, and it's a legal position, and that's why the prosecutor and I have put out this release, Zyburt said.

Kovarik adds that he and people in his group are prepared to vote out elected officials that do not support becoming a sanctuary county. Both Wiese and Zyburt add that voters have the right to do so, but that they hope people wont only consider this one issue while voting.

Kovarik says his group will continue pushing for the second amendment, and for Marquette County becoming a Second Amendment sanctuary.

If you let your rights go, then youre going to be in trouble, Kovarik said.

To view the press release from Zyburt and Wiese, go to the Related Links section of this article.

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Wiese and Zyburt give stance on becoming Second Amendment sanctuary county - UpperMichigansSource.com

Request Filed with DOJ for Any Record of Second Amendment Statements of Interest – AmmoLand Shooting Sports News

So whats AG Barr prepared to do to enforce the Second Amendment? (U.S. Department of Justice)

U.S.A. -(Ammoland.com)-A Freedom of Information Act request was filed Tuesday with the Department of Justice by attorney Stephen D. Stamboulieh. The request, filed on behalf of this writer, seeks DOJ statements of interest in defense of the Second Amendment comparable to what the Department has done in defense of the First Amendment.

Imagine a society in which a citizen must petition the government for permission to meet with his fellow citizens, the DOJ wrote in its statement filed in December in Brown v Jones County Junior College. Imagine further that such requests must be made at least three days in advance of the requested meeting, and that the government has unbridled discretion to determine who may meet with whom, and about what they might speak. Such extreme preconditions to speech might not be out of place in Oceania, the fictional dystopian superstate in George Orwells Nineteen Eighty-Four. The First Amendment to the United States Constitution, however, ensures that preconditions like these have no place in the United States of America.

But preconditions like these have a place in the United States of America when it comes to the right of the people to keep and bear arms? Considering the historical evils that have always accompanied a monopoly of violence, Orwells Oceania seems like a resort community.

The United States further states that the Attorney General enforces 34 U.S.C. 12601 which provides in relevant part that governmental authorities and their agents may not engage in a pattern or practice by law enforcement officers that deprives persons of rights, privileges, or immunities secured or protected by the Constitution or laws of the United States and that the Attorney General may in a civil action obtain the appropriate equitable and declaratory relief to eliminate the pattern or practice, the DOJ statement asserted.

So much for the supreme Law of the Land.

This reminds me of nothing so much as The Ashcroft Petition project I co-authored and co-administered several years back. After then-Attorney General John Ashcroft had declared the text and the original intent of the Second Amendment clearly protect the right of individuals to keep and bear firearms, my colleagues and I decided to see if those were just words or if there was any chance the DOJ would do its job and protect individual rights from being infringed.

The upshotafter collecting and submitting over 40,000 mailed-in signatures from supporters across the country (including Gunners Guru Col. Jeff Cooper), the only official reply we got was a mealy-mouthed nothing burger, pointedly sent from the head of DOJs Terrorism and Violent Crime Section. That, and I had to write a letter to then-NRA-ILA head James Jay Baker demanding that he instruct their California field rep to stop telling people not to sign the petition because those of us behind it were wild-eyed extremists.

In any case, today is supposedly a new day and we have since had two Supreme Court cases confirming what Mr. Ashcroft once assured us, that the Second Amendment is an individual right. So now its time to find out what, if anything, our Department of Justice has done to fulfill duties it acknowledges in court filings to enforce against government actions that deprive persons of rights, privileges, or immunities secured or protected by the Constitution or laws of the United States. Its time to find out what kind of appropriate equitable and declaratory relief to eliminate the pattern or practice we can expect from those whose entire existence is justified on doing just that.

Heres our FOIA request:

FOIA DOJ Statement of Inter

About David Codrea:David Codrea is the winner of multiple journalist awards for investigating/defending the RKBA and a long-time gun owner rights advocate who defiantly challenges the folly of citizen disarmament. He blogs at The War on Guns: Notes from the Resistance, is a regularly featured contributor to Firearms News, and posts on Twitter: @dcodrea and Facebook.

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Request Filed with DOJ for Any Record of Second Amendment Statements of Interest - AmmoLand Shooting Sports News

Demonstration illustrated concern of political assault on 2nd Amendment | News, Sports, Jobs – Williamsport Sun-Gazette

Had 22,000 people showed up in Richmond, Virginia, to demand stronger gun control laws, it is a safe bet that proponents of them would have pronounced the crowd to be conclusive proof most Americans want such restrictions.

But when a group estimated at that size demonstrated recently against new firearms ownership limits, some gun control advocates insisted the crowd was small and evidence not many people worry about Second Amendment rights.

I was prepared to see a whole lot more people show up than actually did, and I think its an indication that a lot of this rhetoric is bluster, quite frankly, commented state Delegate Chris Hurst, a Democrat representing an area in western Virginia.

In fairness to Hurst, it needs to be noted he has a personal stake in gun control; in 2015, his television journalist girlfriend was killed in a shooting.

More than bluster was on display in Richmond, however.

As The Associated Press noted, those who turned out to protest what they view as infringements upon Second Amendment rights did so in spite of very cold weather.

They came from throughout Virginia, as well as some other states.

Prior to the rally, state officials including Gov. Ralph Northam had expressed concern about white supremacists attending the event.

Members of some such groups did attend, according to observers but the rally passed peacefully. There was just one arrest, of a woman who broke a state law by wearing a mask that covered her face.

What happened in Richmond was a demonstration that many law-abiding Virginians representing millions of other like-minded Americans are concerned about politicians who continue assaulting the Second Amendment. Officials in the Old Dominion, as well as elsewhere, should take note of that.

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Demonstration illustrated concern of political assault on 2nd Amendment | News, Sports, Jobs - Williamsport Sun-Gazette

Letter: Gun law reforms possible while respecting Second Amendment – Northwest Herald

To the Editor:

In 1996, the Dickey Amendment was a rider to the U.S.omnibus spending bill. This limited federal spending on gun research and was heavily supportedby the NRA. Reasonable gun owners should all welcome the recent passage into law oflegislation championed by our own Congresswoman Lauren Underwood (D-Naperville). A total of $25 million was allocated to be split between the Centers for Disease Control and the National Institutes of Health for this research.

Our community has experienced a mass shooting, children routinely practice school active shooter drills, and police dont know what they face in many interactions with the public. Enough is enough! Our residents and law enforcement officers deserve better.

As a gun owner, I appreciate Congresswoman Underwoods leadership on combating gun violence. This legislation is a small but crucial first step. Underwood needs to know that the community, including many gun owners, will support her and her peers as more sensible requirements to reduce gun violence are introduced.

Sensible reforms can be accomplished without impacting our rights under the Second Amendment.

William Bachman

St. Charles

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Letter: Gun law reforms possible while respecting Second Amendment - Northwest Herald

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

Getty

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

between permissioned blockchains built on the Ethereum public blockchain.

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

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

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

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

Do or die

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

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

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

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

More here:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

More:

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

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

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

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

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

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

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

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

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

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

More:

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

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

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

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

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

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

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

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

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

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

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

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

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

SOURCE Asensys

Original post:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Related: The Implications of Fusing 5G and Blockchain

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

This article was edited by Sam Bourgi.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Global Healthcare Cloud Computing Market 2020-2024| Introduction of Blockchain in Cloud Computing to Boost the Market Growth | Technavio – Yahoo…

The global healthcare cloud computing market is expected to grow by USD 25.54 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200130005458/en/

Technavio has announced its latest market research report titled global healthcare cloud computing market 2020-2024 (Graphic: Business Wire)

Research collaborations have been increasing in recent years, particularly in the field of healthcare. Healthcare establishments and organizations involved in research initiatives require systems with high computational capabilities. Deploying cloud computing in healthcare ecosystems offers various advantages, including cost savings, enhanced flexibility, and system scalability to the organizations. Furthermore, the use of cloud computing also facilitates better collaborative research among various healthcare researchers and other stakeholders. The cloud computing modules designed for the healthcare ecosystem helps healthcare professionals make precise decisions while prescribing appropriate medications to their patients. Thus, growing collaborations among different stakeholders of the healthcare industry will drive the healthcare cloud computing market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41148

As per Technavio, the introduction of blockchain in cloud computing will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Healthcare Cloud Computing Market: Introduction of Blockchain in Cloud Computing

Rising deployment of cloud computing systems in the healthcare industry have increased data and information theft, resulting in cybersecurity issues. However, the implementation of blockchain in healthcare IT infrastructure will help in achieving greater data security, streamlining claims, managing the billing process, and ensuring integrity within the drug supply chain and health research. Also, blockchain-enabled systems reduce breaches during data exchange and offer greater ownership to patients about their data and records. As a result, with the growing awareness of benefits provided by blockchain technology, vendors in the healthcare industry are collaborating with cloud computing companies to develop blockchain-based healthcare management systems.

"Introduction of edge computing, integrated service offerings for the healthcare industry, and development of hyper-converged infrastructure (HCI) are a few other factors that will boost market growth during the forecast period," says a senior analyst at Technavio.

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Healthcare Cloud Computing Market: Segmentation Analysis

This market research report segments the healthcare cloud computing market by product (SaaS, IaaS, and PaaS) and geography segmentation (North America, APAC, Europe, South America, and MEA).

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North America led the healthcare cloud computing market share in 2019, followed by Europe, APAC, South America, and MEA. The North American region is expected to register the highest incremental growth due to the increasing adoption of cloud computing by healthcare institutes and the launch of various cloud computing products.

Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Product Segmentation

Geographic segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

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Two types of cryptocurrency are now dominating the market – Decrypt

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

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

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

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

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

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

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

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Two types of cryptocurrency are now dominating the market - Decrypt

Over 700 Blockchain Firms Founded This Month in China, Over 26,000 in Operation – Cointelegraph

Chinese entrepreneurs registered 714 blockchain firms in China this month, resulting in a total of 26,089 such companies operating in the country.

According to cryptocurrency data firm LongHash on Jan. 26, the total number of blockchain firms registered in China is 79,556, while 57,257 Chinese blockchain firms also lost their legal status or had their licenses revoked.

From 200917, the annual number of founded blockchain firms remained relatively static, before a notable jump upward in 2018.

While it remains to be seen whether funding remains stable for the remaining 11 months of 2020, if the average monthly rate of founded blockchain firms remains the same as in January, China would see 8,565 new blockchain-related companies this year.

Blockchain firms registered in China per year. Source: LongHash

As per the map below, the lions share, 28.5%, of blockchain firms in China are in the province of Guangdong, which is home to the major city of Shenzhen and shares a border with Hong Kong. Both of these cities are known for their tech hubs and initiatives to apply blockchain in civil administration and other aspects of municipal development.

Distribution of registered blockchain firms in China. Source: LongHash

The data also reveals that over 46% of Chinese blockchain firms have no more than 5,000 yuan of registered capital, which is equivalent to just under $721. Furthermore, 8.32% of firms have between $721 and $1,442, 26% have between $1,442 and $7,208, while 9.17% of firms have $7,208 or more.

This apparent lack of capital in the Chinese blockchain space is in line with the results of a recent joint study by Chinas government-run financial information and media firm Xinhua and financial data platform Rhino Data. The study states that investment and financing deals in the Chinese blockchain space dropped over 40% in 2019.

As Cointelegraph reported in October 2019, Chinese President Xi Jinping called for the country to accelerate its adoption of blockchain technology:

We must take blockchain as an important breakthrough for independent innovation of core technologies, clarify the main directions, increase investment, focus on a number of key technologies, and accelerate the development of blockchain and industrial innovation.

After the announcement, reports suggested that blockchain technology was rapidly maturing in China as it is increasingly implemented in government projects. The consequences of Jinpings talk are far-reaching, as some noticed that reports criticizing blockchain technology are now banned from local media.

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Over 700 Blockchain Firms Founded This Month in China, Over 26,000 in Operation - Cointelegraph

Blockchain Solutions Aqilliz and Lucidity Bring Greater Authenticity – AiThority

By building on leading blockchain platform Zilliqa, the product will be backed by enterprise-grade security and scalability standards

Aqilliz, a blockchain solutions provider for the digital marketing ecosystem, andLucidity, a leading blockchain-enabled digital advertising verification platform, together announced a global collaboration that looks to bring greater authenticity to the US$333.25 billion digital advertising sector. The product will integrate Luciditys existing technology withZilliqas high-security, high performance blockchain infrastructure, and will be capable of aggregating and processing large quantities of data from multiple sources with assurances of utmost security and scalability.

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As Aqillizs sole infrastructure provider, Zilliqa is responsible for developing cutting-edge, customised solutions for Aqillizs enterprise partners across the wider digital advertising and marketing ecosystem. With Zilliqas emphasis on scalability, the product will be able to analyse and ingest multiple data points from various sources through smart contracts in near real-time, allowing for greater cost-efficiencies and reducing the need for third-party intermediaries.

Gowthaman Ragothaman, CEO of Aqilliz said, The age of automation has prompted greater efficiencies but also a lack of reliability in authenticity in the digital media supply chain. As we look towards the future, its crucial that we work together as an industry to build the right infrastructure to ensure long-term sustainability. At Aqilliz, we are extremely delighted to be partnering with Lucidity, as we both continue to pioneer the use of distributed ledger technologies in order to tackle perennial challenges across the industry. Together, we look forward to developing this state-of-the-art product for the betterment of the marketing ecosystem.

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For the past two years, Lucidity has had the privilege of helping major North American brands and agencies gain greater transparency into their media spend, saidSam Kim, CEO of Lucidity. With an established foothold in the Asia Pacific region, this partnership with Aqilliz not only provides us with an automatic global footprint, but also allows us to benefit from the scalability and cost effectiveness of their infrastructure.

Renowned across the blockchain industry as the first public blockchain platform to successfully utilise sharding as a scaling solution, Zilliqa has established itself as a leading high-performance, high-security platform. In March 2019, Zilliqa successfully ran a pilot for a fast moving consumer goods giant as part of Project Proton, a programmatic advertising alliance with leading AdTech members as its partners. The pilot saw Zilliqa enable up to a 28% increase in cost-efficiencies for verifiably viewable impressions when run through its smart contracts. Built for enterprise use, Zilliqa is also known for its prioritisation of security through its network infrastructure and secure-by-design smart contract language, Scilla.

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Blockchain Solutions Aqilliz and Lucidity Bring Greater Authenticity - AiThority

Four Uses of Blockchain in the Food Supply Chain – SupplyChainBrain

Food supply chains are long, complicated processes that get edibles from farms to the dinner table. Many individuals, companies and countries are involved in ensuring that a wide variety of food is available worldwide. With so many links in the chain, however, a lot of inventory and communications end up getting lost along the way despite the implementation of modern technology and systems.

Blockchain is here to fix those communication problems. Acting as a record keeper for multiple industries, it can keep track of everything and make sure the system flows correctly at all times. And while mere record keeping doesn't seem like something that can totally change how the industry operates, blockchain ups the game.

Here are just a few ways it is changing the food supply chain.

Efficiency and automation. Efficiency can be considered the umbrella term for everything good that blockchain brings to the food supply chain. But its about more than just record keeping. A blockchain is made up of code that keeps track of every action involved in the process. The technology eliminates the need for manual transitions from one step to the next.

Smart contracts are complex if-then statements of code written into the blockchain itself. When certain conditions are met, the blockchain automatically moves the process on to the next task, resulting in less time wasted and less miscommunication between companies. This simple process of automation is sufficient to change the way food supply chains work.

Tracking products and information. A blockchain is made up of blocks of data, as the name suggests. Each consists of smaller ones that represent individual transactions. Each transaction has its own specific code, providing information on when and where an item was transferred. Essentially, a blockchain is a tracking system.

The tracking aspect of blockchain is how it's able to keep such precise records. Both items and information are being monitored, allowing for all parties involved to communicate clearly under one shared language and program.

An even better way to use this tracking information is to implement predictive analytics, so that a manufacturer can get a hint of future operational performance.

Much less waste. When dealing with the food industry, there's always going to be a certain amount of waste. However, with blockchain, there can be a lot less food loss, especially for unnecessary reasons. Blockchain can predict the freshness of a field harvest during processing, so that the inventory can go exactly where it needs to. In addition, this same technology can filter by supply and demand.

The tracking aspect of blockchain also becomes useful in reducing waste. Companies can find when and where the food was initially harvested, and what kind of conditions it was stored in. There have been instances of individuals making false claims about the freshness of their products, and blockchain seeks to end this problem.

Better food safety precautions. Waste can sometimes be a fact of life, but risks of harm from food products should always be avoidable. Blockchain is cracking down on false claims of quality, but its also going further to make sure that food that's less than fresh doesn't continue to be processed. The U.S. Food and Drug Administration (FDA) has ways of tracking food-safety measures across the country, and some of these records are made public.

Even at the end of the chain, blockchain doesn't stop working. The FDA can use it to see if restaurants aren't following safety procedures, by tracking food poisoning cases from hospital to hospital. From sensors in food storage facilities and beyond, everything can be kept monitored. This easily accessed information helps everyone prevent waste and support healthier food products.

Blockchains are already being implemented in food supply chains all over the world. The benefits are numerous, and the cons few. Even switching over to blockchain can be easy, if not exactly seamless at first. Blockchain has been proven to house multiple functionalities within the food supply-chain industry, making this futuristic record-keeping system almost necessary to the process.

The implementation of blockchain now will save companies time and money later. Its a secure, easy and new way to keep track of vital data, one that will boost productivity and reduce unnecessary waste. With the 2020s finally here, we can look forward to new technology and be as adaptable to change as possible. That's what makes progress possible.

Jenna Tsui is a technology blogger at The Byte Beat.

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Four Uses of Blockchain in the Food Supply Chain - SupplyChainBrain