Visa’s Digital Dollar / $21bn Enterprise Blockchain Market By 2025 / Reddit Beats Facebook To Tokenized Community

📖 Visa Applies For Digital Dollar Blockchain Patent

Source: Forbes

📖 Enterprise Blockchain Market Will Hit $21.07 Billion by 2025, Says Fortune Business Insights

Fortune Business Insights estimates that the blockchain technology market will reach $21 Billion by 2025, which stood at $1.64 billion in 2017, exhibiting a CAGR of 38.4% during 2018–2025. The reasons which accelerated growth of the global blockchain technology market are like an increased investment from more enterprises and rising interest from the public or government authorities. IBM is leading the enterprise blockchain field, followed by companies such as the Linux Foundation, Chain Inc., Oracle Corporation, Fintech & Blockchain Software House, Deloitte, Microsoft Corporation, and many others…read more

📖 Reddit to launch Ethereum-based tokens for cryptocurrency and Fortnite subreddits

Reddit, the popular online forum is going to launch two Ethereum-based tokens named $MOONS & $BRICKS for users to earn rewards for contributing content, The Block has learned. Under its new initiative called “Community Points’, the two tokens $MOONS and $BRICKS will be issued to members of the subreddits /r/Cryptocurrency and /r/FortniteBR, respectively. Until the system is beta testing, Reddit members can use the tokens to vote, tip content creators, and transfer funds…read more

🇨🇳 The Number of Women in Crypto and Blockchain Is Skyrocketing in 2020

Its believed that the cryptocurrency and blockchain sectors are almost exclusively male-dominated., while a recent report outlined that the number of women in the industry increased by 43.24% in the first quarter of 2020. Several key factors contributed to this growth, including increased investment from women in Bitcoin; crypto trading isn’t a “boy’s club”; cryptocurrency is becoming more comfortable to use, and geographic factors like the number of cryptocurrency users in the U.S. and Europe…read more

📖 Vitalik Buterin Says Much-Delayed Ethereum 2.0 Still on Track for July Launch

The ETH transition included in the initial plans of ethereum has grown to be a contentious topic following delays and missed deadlines. During an appearance at CoinDesk’s Consensus: Distributed, Vitalik Buterin appeared to confirm a July launch date put forth in February by the lead researcher of the Eth. 2.0 project, Justin Drake. Eth 2.0 represents a fundamental shift from a Proof-of-Work (PoW) consensus algorithm like Bitcoin’s to Proof-of-Stake (PoS)…read more

📖 Standard Chartered Claims First Yuan-Based Letter of Credit Issued on a Blockchain

A deal between Australian mining giant Rio Tinto and Chinese steelmaker Baosteel was carried out over the blockchain trade finance network Contour. In this deal, Standard Chartered has issued the first blockchain-based international letter of credit transaction using China’s national currency, the Yuan. The Contour platform is built using Corda technology from R3, the enterprise-focused blockchain software firm…read more

📖 Telegram Halts Work on Blockchain Network After Court Decision

Telegram Messenger officially scrapped plans to build a digital ledger for transactions after the court granted an injunction to prevent Gram’s distribution. The SEC accused Telegram of violating securities laws by selling $1.7 billion of its Gram cryptocurrency to investors in 2018 without registration. CEO Pavel Durov said, “his instant-messaging platform is discontinuing work on the project, which ran afoul of regulators. Others may continue working on the technology”, he said in a blog post…read more

DApps (Decentralized Apps) Watch

📖 Trust No Dapp: Chainlink Launches Oracle for Provable Randomness

Chainlink is rolling out its Verifiable Random Function (VRF) service, where subscribers can gain access to provably random values needed for demonstrating the integrity of smart-contract-based projects such as online games. With Chainlink VRF, you know an application hasn’t been tampered with — all via the blockchain. The smart contracts will send a seed to a ChainLink oracle, which will generate a random number using Chainlink’s VRF. The resulting number, broadcast back to the application, can be verified as random based on the oracle’s public key and application’s seed. Decentralized finance (DeFi) lottery PoolTogether is the first subscriber to Chainlink’s VRF…read more

📖 All in on PoS Blockchains: An Overview of Crypto-Staking Networks

Proof-of-Work (PoW) remains popular with Bitcoin, especially with the planned shift of Ethereum to a Proof-of-Stake (PoS), Ethereum 2.0. With this shift, experts expect interest in PoS, as well as in ETH, to increase. However, despite the optimism around PoS blockchains, there are concerns around low liquidity and whales being the most significant risks to PoS blockchains. A shortlist of the biggest PoS platforms in crypto includes EOS, Tezos, Tron, Neo, Dash, Waves, Cosmos, Qtum, VeChain, and upcoming Ethereum 2.0…read more

🎟️ Upcoming Events

Join me and John Wolpert tomorrow on May 21st as we break down a common-sense approach to using public blockchains in the enterprise along with Baseline Protocol.

Source: Topio Networks, May 21st

🎙️ State of the Blockchain Industry Q1 2020:

Available now, download your hi-res copy of the Q1 2020 edition of the Blockchain Landscape Map. This is now the fifth edition of the landscape I’ve released and includes 747 companies (900+ total unique companies including broader key Ecosystem players) and more than $22 bn in funding raised across the landscape from 2010–2020 — over $18 bn invested since 2017! — Noticeable cycles emerging and full breakdown available.

Source: Topio Networks

👉 Download the NEW Blockchain for Infrastructure Landscape Q1 2020 edition for insights on DeFi, DApps, Infrastructure, Digital Currencies, and more!

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Kyle Ellicott

Kyle Ellicott

2.2K Followers

Writing about #Blockchain, #DApps, #Digitization, and all things #Distributed. Host of Blockchain & Crypto Today