The act’s significance “is that it allows electronic documents to be treated as legally analogous to paper if they meet certain criteria,” Law Commissioner Sarah Green told CoinDesk in an emailed statement, adding that blockchain technology happens to be one of the means by which such documents can meet those criteria. Source
Tag: Blockchain
House Financial Services Committee Votes in Favor of Crypto, Blockchain Bills
The House Financial Services Committee advanced a set of crypto bills after a landmark markup on Wednesday. Source link
What Is Tome AI? | Blockchain News
Tome AI is a San Francisco-based startup that has developed a unique platform for generative storytelling, leveraging artificial intelligence (AI) to create narratives and presentations. The company’s software is designed to help users express their ideas in a more compelling manner, offering a fluid, multimedia canvas that adapts to any screen. Features and Functionality Tome AI’s platform is not just a deck, document, or splash page. It integrates AI tools to help users explore new approaches and instantly generate new content. Users can type in a prompt and watch as…
Cosmos Blockchain Project Faces ‘Existential’ Crisis
The politics have also led to some reputational baggage. As dYdX prepared for its shift to Cosmos, its CEO, Antonio Juliano, tweeted “I specifically don’t want dYdX’s brand to be too associated with cosmos.” The rationale behind this statement, according to Juliano, didn’t have anything to do with Cosmos drama. According to the dYdX founder in that same Twitter thread, “[a]pps should transcend any particular technology they are built on,” and “[t]his is not to say we aren’t huge fans of cosmos.” Source link
Chinese Ant Group to Divest Non-Core Assets, Including Blockchain, for Another HK IPO Attempt, Reports Bloomberg
Following information from insiders cited by Bloomberg, Ant Group is contemplating a restructuring plan. To clear the way for its Initial Public Offering (IPO) in Hong Kong, this strategy intends to sell parts of its company that are unrelated to its core financial activities in China. These sources claim that the corporation is thinking about separating its core organization from its database management services, blockchain technology, and overseas activities. The rationale is to leverage this move for a financial holding license application in China. It’s important to keep in mind that…
Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more
Ant Group, a company backed by billionaire Jack Ma, is reportedly planning to restructure and cut ties to some operations that are not core parts of its Chinese financial business. The move prepares the company for a potential initial public offering (IPO) in Hong Kong. Citing anonymous sources, mainstream media outlet Bloomberg reported that the firm relayed to its shareholders that the company is looking to leave its blockchain, database management out of a main entity, which will then be applying for a financial holding license in China. After completing…
Researcher envisions smart education system built with blockchain, DAOs, NFTs and AI
Mehmet Fırat, a researcher at Anadolu University in Turkey, recently published research envisioning a multi-tech solution to the problems challenging the traditional educational system called the “Smart Open Education Ecosystem” (SOEE). The research combines blockchain, decentralized autonomous organizations (DAOs), nonfungible tokens (NFTs), multimodal learning analytics and artificial intelligence (AI) to form a self-contained educational ecosystem. The interconnected learning system, screenshot. Source: Fırat Per a research paper authored by Fırat and published on July 25, “Equity, fair opportunity, and access issues can be considered among the most significant handicaps of education…
AI Creates Security Risks and Attack Vectors. Can Blockchain Help?
One can even imagine, for example, the U.S. Treasury Department’s Financial Crime Enforcement Network (FinCEN) using blockchain technology to create databases of financial records and dealings, and then applying an AI algorithm to analyze the data to detect cases of fraud or other abnormalities. In this scenario, the two technologies operate independently of each other, rather than being integrated into a single tool, product or platform. Source link
Avalanche Foundation Commits $50M to Bring More Tokenized Assets to Blockchain
The program follows Avalanche’s initiative to financial institutions to test blockchain services on one of its subnets. Source link
Sotheby’s blockchain Gen Art program shows tech taking a back seat to art
Sotheby’s is making moves. The same fine art auction house behind several recent major nonfungible token (NFT) sales has just made the Met Breuer’s old Madison Avenue building its home, and on July 26, it’s launching an on-chain Gen Art Program powered by generative art platform Art Blocks. A sale of NFTs by early algorithmic artmaker Vera Molnár will christen the program. She worked with artist and coder Martin Grasser to produce Themes and Variations, the sale’s series of 500 unique generative artworks. Altogether, it “expresses the seamless integration of…