China’s Selected Seven For Crypto / Burger King Your Way With Bitcoin / CryptoZombies for Learning Libra
September 4, 2019
This week’s edition is EVEN MORE PACKED than last week with happening, education, and movements throughout the Blockchain, DLT, and DApps. China is back in the news with more details on their state-backed cryptocurrency and HSBC processes the first blockchain letter of credit using Chinese yuan. Burger King offers payments your way with Bitcoin, Andreessen Horowitz and Fred Wilson offer their insights on the landscape blockchain & crypto landscapes, R3 announces new partners, Enterprise Etherum Alliance (EEA) shares blockchain use cases for telecoms. But we don’t stop there — loads of research on infrastructure, DApps, Bitcoin, Economics, and Stablecoins. For MORE and to keep you up to speed, here’s a snapshot of the top stories this week around the industry.
Alibaba and Tencent will be two of the seven institutions that will receive the state-backed cryptocurrency launched by China’s central bank in coming months. After the launch, the seven institutions will be responsible for dispersing the cryptocurrency to 1.3 billion Chinese citizens and others doing business in the renminbi, China’s fiat currency. China’s new cryptocurrency will increase its ability to surveil its citizens and any other users…read more
The team at Andreessen Horowitz posted the talks from their recent regulatory summit. If you were unable to attend this series of content is incredibility insightful and worth the time. You’ll find topics on Decentralized Apps/DApps (Arianna Simpson), Stablecoins (Sep Kamvar), Security & Privacy (Zooko Wilcox), Architecture (Neha Narula), Social Networking (Chris Dixon), and Crypto’s Future (Marc Andreessen & Katie Haun)…read more
Kahawa 1893, a coffee startup is using blockchain technology in their processes to deliver their consumers the first of its kind traceable coffee from Kenya. The company is building a better supply chain by working directly with farmers and cutting the middlemen to bring sustainable income to farmers…read more
HSBC has recently completed the first yuan-denominated blockchain-based letter of the credit transaction. According to the statement, the bank has been looking to use digital ledger technology, to streamline the traditionally paper-based processes for financing trade and businesses…read more
R3 has partnered with a Dubai based fintech startup Wethaq to help build next-generation financial architecture for Islamic capital markets. The partnership will enable Wethaq to use R3’s blockchain platform to manage the pre-sale & issuance Sukuk securities, Islamic financial certificates…read more
The Enterprise Ethereum Alliance (EEA), an organization that aims to establish standards in the blockchain sector, has published a collection of use cases for blockchain in telecommunications. The report sheds light on the number of used cases for blockchain solutions in telecoms…read more
👉 Check out the Blockchain for Infrastructure Landscape
In some ways, Bitcoin is the one protocol that has found lasting product-market fit. In terms of a censorship proof digital store of wealth, there is nothing that comes close to Bitcoin. There are some protocols, like the privacy-focused ones, that offer similar and in some cases better use cases. But for the most part, Bitcoin is our digital gold. Ethereum, as many of you know, confounds me. It has shown the way to so many important things; smart contracts, programmable trust-free computing, potentially proof of stake, and a lot more. But it remains hard to build on, scaling issues abound, and many developers are looking elsewhere.…read more
According to the article, the use cases of blockchain technology and its adoption is revolutionizing the technological, social and economic drivers and how building infrastructure could further prove to be a long-term success of the blockchain space… read more
The German arm of the global fast-food chain Burger King now accepts Bitcoin (BTC) payments on its delivery website and mobile application…read more
Galaxy Digital Research deconstructs bitcoin’s performance during periods of macroeconomic uncertainty over the past decade, providing an analysis of historical correlations, market conditions, return clustering, and macro events…read more and be sure to check out more by Galaxy Digital Research
Stablecoins have become an increasingly important category within the blockchain / DLT landscape. More so recently as the term stablecoins hit major news outlets following the launch of Facebook’s Libra and Binance’s Venus projects respectfully. This rising category of digital currencies is particularly interesting as we begin to see new business models introduced and applications (DApps) being launched to leverage their increased capabilities. So what does this all mean?…read more
DApps (Decentralized Apps) Watch
For companies like Samsung and developers like TrustVerse, dApps are an unequal gamble. If decentralized applications can catch the Web3 tailwinds that are currently sweeping across the internet, fueled by dissatisfaction over the loss of privacy, free speech, and data integrity, the upside could be enormous. TrustVerse has already invested hugely in developing an entire series of products like Nova a crypto-asset recovery service, Moon a Chrome extension for Ethereum development and Pluto a digital inheritance and legacy planning…read more
Loom Network that allows Ethereum based Solidity applications to be run on the main chain has developed a free tutorial called CryptoZombies which is designed to provide a basic idea of working on the Facebook Libra codebase that social media giant Facebook released…read more
TON Labs managed by Telegram’s token offering investors is building a Solidity compiler for its blockchain. This programming language is primarily used to develop smart contracts in the Ethereum network. Furthermore, the tool will enable the developer to port their Ethereum smart contracts over to TON, but as of now, it’s not cleared by the company what changes would be required in the code…read more
🎧 What I’m Rocking:
Willem Middelkoop and Jay Kim discuss Willem’s book, The Big Reset, and the role he expects China to play as the world’s financial system continues to shift in the coming years. You’ll get a brief history lesson about the IMF, an explanation of SDR (special drawing rights), which currencies make up the currency basket, and why the IMF is considering adding gold to the mix. You’ll also get Willem’s perspective on cryptocurrencies and his asset allocation strategy.
👉Download The Full Blockchain for Infrastructure Landscape
Don’t want to wait until next week, Subscribe Now 📥 for real-time industry insights around Blockchain, DApps, and more!