Construction Industry Disrupted / Libra As Largest DApps Network / NYTimes And Blockchain
July 31, 2019
This past week, the Blockchain/DLT/DApps landscape saw growth in deployments specifically around the retail sector with Safeway stepping into the game. As well as the New York Times stepped forward to confirm their blockchain plans to fight against fake news. Lastly, the conversations did not slow down around Ethereum and it’s continued market dominance as more enterprise turn to it and Libra stayed in the news as more voiced their thoughts on the project and it’s potential to become the largest DApps network to date. For more and to keep you up to speed, here’s a snapshot of the top stories this week around the industry.
Blockchain enables better execution of strategic projects in a conservative sector like construction, involving large teams of contractors and subcontractors and an abundance of building codes, safety regulations, and standards. Using blockchain to automate the contractual processes and paperwork underpinning complex construction projects could save money, free-up valuable resources, and speed up project delivery… read more
Since Libra’s launched on June 18th, there’s been continuous conversations around what is it, and what it will become — the largest decentralized application (DApps) network to date. How is this possible? Why did Facebook structure Libra the way it did? Could Libra and Facebook’s Calibra digital wallet be the direct competitor to China’s WeChat? To learn more check out our whitepaper for a full analysis and if Libra will become the largest DApps network to date…read more
The Lightning Network, a bitcoin scaling solution is going to impact the U.S. presidential election. Roughly a dozen bitcoiners who support Democratic presidential candidate Andrew Yang launched a crypto-friendly super PAC, Humanity Forward Fund. The PAC’s payment processor, OpenNode, the entity will be able to accept payments from lightning wallets… read more
The digital era has brought blockchain, machine learning and AI, virtual reality, and obviously the internet to us. But with age of innovation is marked by a 50% increase in greenhouse gases and carbon dioxide levels in the atmosphere. Moody’s Analytics predicts that climate change can cause $69 trillion in damage to the world’s economy by the year 2100…read more
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LATTICE80 brings to you the 2019 edition of its Blockchain 100 list, where 100 leaders in the global blockchain community making their impact as startups, corporate, governments, or investors in the space are showcase… read more
American grocery chain Safeway has announced a partnership with Bitcoin (BTC) rewards shopping app Lolli to give customers 3.5% back in Bitcoin on all their purchases. The system will reward customers in Satoshis (sats), the name given to one hundred millionths of one Bitcoin…read more
The New York Times has admitted that they are successfully working on a project which is using blockchain technology to fight the ever-spreading fake news. By the end of 2019, The New York Times plans to provide a proof of concept, which is a solution for verifying rights to digital files. The Times plans to publish updates on the project throughout the process, culminating in a full report following the pilot’s conclusion… read more
The Ethereum blockchain is being used by engineers at Microsoft to “democratize” AI and machine learning, making these typically centralized and costly systems more accessible to everyone. Smart contracts have the potential to profoundly impact how data is managed. They are immutable and allow developers to reward users for participation and contributions. And, for a blockchain like Ethereum, thousands of decentralized nodes all over the world ensure that the code is always available, practically eliminating issues with downtime.…read more
Ethereum is contributing to the revolutionizing of the internet with the creation of the Decentralized Web — or Web3 — that facilitates peer-to-peer (P2P) transactions (i.e., without a middleman). It means that Ethereum’s blockchain technology is gradually changing the internet’s P2P economy through a means of control over the technologies and applications that we use extensively…read more
In 2018, Seagate dove into blockchain, using IBM’s blockchain platform, as well as working with them as a major hard drive customer. “Last year, we started a proof-of-concept [PoC] with IBM, and the proof-of-concept was about product provenance,” Seagate research group managing technologist of data security Manuel Offenberg said to me in a July 18 interview. “Earlier this year, we wrapped up the proof-of-concept.”…read more
Yahoo Finance reached out to every Libra Association founding member to ask whether their thinking about Libra, or their status as founding members, has changed. Most declined to comment. Those that did comment reiterated their commitment to the product, under the theme of financial inclusion…read more
Ren Zhengfei, CEO of Huawei said in a press conference held in Italy that China doesn’t need to wait for Libra as it can create its own digital currency with the same value proposition as Facebook’s Libra. Beijing is reportedly working on developing its own digital currency. In early July, the PBoC’s director, Wang Xin, said that it would be an advantage for China if Libra is pegged to the U.S. dollar…read more
According to a report from CoinDesk Japan, Monex president Oki Matsumoto has announced about the plans to join the Libra stablecoin project alongside Facebook’s other tentative partners such as Visa, Mastercard, Uber, and eBay. Further, Matsumoto stated that the application will undergo a primary review and Monex will make a final decision on whether or not to join the Libra after that. He also detailed that Libra offers various possibilities such as financial inclusion and international product sales, potentially bringing financial services such as loans to the unbanked…read more
🎧 What I’m Listening To
Episode description — Jamie Burke, CEO of Outlier Ventures, joins us on Base Layer for an amazing chat about Web 3.0 and much more. OV is an early stage investment firm who also advises some very early projects, having developed a thesis called the Convergence Stack which, in my opinion, dissects the decentralized/distributed stack the best out of anyone so far. We talk about that, about a world that exists in addition to Bitcoin and much more.
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