Tag: Blockchains

What I’m Really Saying Is ‘Shut Down Permissionless Blockchains’

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This interview has been edited and condensed. Aside from occasional blisteringly anti-crypto commentary from the likes of Warren Buffett and Bill Gates, one of the crypto industry’s most consistent and vocal naysayers is IT industry analyst Jason Bloomberg. Bloomberg is a published author, Forbes contributor and president of the firm Intellyx, which helps enterprises integrate new technological developments and trends into their business models. Bloomberg also devotes a significant amount of his time to attending crypto and blockchain-related conferences and events, speaking and debating with industry leaders. His public stance,…

How to Make Public Blockchains Safe for Enterprise Use

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Paul Brody is EY’s global innovation leader for blockchain. The views expressed are his own. At the beginning of this year, I wrote a column predicting that companies would find the allure of public blockchains irresistible. While a world of private blockchains provides many enterprises, regulators and central banks with the comfort that there are accountable, centralized entities involved, these permissioned networks will never match the innovation or network effects that public, permissionless networks offer. If the world of enterprise commerce remains committed to private networks, then they will have…

EEA Invites Telecom Leaders to Unite and Discuss Blockchain’s Enterprise Ethereum Future

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EEA, SK Telecom, KDDI Corporation and the University of California to Host Meeting In Advance of Mobile World Congress Americas EEA announced today that global telecom leaders are invited to join the EEA’s Telecom Special Interest Group (SIG) on Tuesday, Sept. 11 for a free, Face-to-Face Meeting in Los Angeles in advance of the Mobile World Congress Americas Conference. The free, one-day session is sponsored by the EEA, SK Telecom, KDDI Corporation, T-Mobile, ConsenSys, BuildETH, Terbine, and The University of Southern California. The cost is free to qualified telecom leaders,…

Ethereum Developers Move to Alter Blockchain’s Economics In Next Upgrade

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A proposal that, if enacted, would change how much new cryptocurrency is released on the world’s second-largest blockchain was finalized Friday, with developers agreeing to include the code for such a change as part of ethereum’s upcoming October upgrade, Constantinople. Speaking on a video call, a group of 14 developers agreed to support code that would reduce the amount of new cryptocurrency introduced on ethereum to 2 ETH per block, down from 3 ETH today, by implementing an updated version of an ethereum improvement upgrade named EIP 1234. Notably, investors…

Ethereum’s October Upgrade Could Be $29 Billion Blockchain’s Biggest Test Yet

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Hard forks are never easy. By definition, such system-wide upgrades require every software user to upgrade to new rules near-simultaneously, meaning there’s coordination difficulties that need to be overcome to ensure the code continues to operate as designed. Still, in a upcoming October upgrade named Constantinople, ethereum is faced with a unique challenge — how to find a balance between a web of diverse stakeholders, each battling for different outcomes. Making matters more complex, there’s a hard deadline for the upgrade, currently set for October. Predicted sometime in early 2019, a…

Blockchain’s Scaling Problem, Explained | Cointelegraph

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5. Failing to definitively address blockchain’s scaling issues could have far-reaching ramifications. Unless action is taken, it’s likely that transactions will take longer and longer to process. In a digital economy where fiat payments can be sent and received instantly, blockchain platforms need to offer the same if they are going to be regarded as a viable alternative — even if they offer an array of other compelling advantages. Otherwise, there’s a real risk that even the most ardent crypto enthusiasts will abandon this technology altogether. Dwindling user numbers could…

Blockchain’s Adoption on Travel Industry

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More concept than concrete. That’s blockchain’s place right now in the world and in travel. Here, though, are three companies bringing blockchain to life in the travel industry. STEP’s Plan to Put Hotels on the Blockchain Blockchain may be an industry buzzword, but STEP—Simple Travel Ecosystem Protocol—is trying to move beyond the buzz to get the hotel industry comfortable with blockchain. Founder and CEO David Brillembourg spent more than a decade buying and structuring hotel deals through private equity and working in tech before that. He said moving hotel rooms…

Banco Santander Plans to Explore Blockchain’s Potential in Securities Trade

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Spain-based Banco Santander has announced the creation of a blockchain research team to look into the technology’s potential to change securities trading, according to a July 11 press release. The “Digital Investment Banking” team, headed by current leader of Santander’s blockchain lab John Whelan, will “explor[e] the use of tokenized securities in debt capital markets, derivatives and other products.” The global bank has followed its own route to blockchain integration since dropping out of distributed ledger tech (DLT) consortiums R3’s beleaguered DLT project in 2016. José M. Linares, Santander’s senior…

Selling Blockchain’s Financial Inclusion Message: Mac McGary of Sweetbridge Alliance

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Selling Blockchain’s Financial Inclusion Message: Mac McGary of Sweetbridge Alliance May 6, 2018 by Jon Southurst Imagine the gains in prosperity if farmers in developing countries could access capital at the same cost as those in developed ones. Blockchain and digital currency technology can create huge economic gains that way by including everyone — but only if it’s done right. Mac McGary, president of trade and commerce platform Sweetbridge Alliance told Bitsonline of his experiences lobbying U.S. government agencies to convince them on that point. Also see: Indonesia Turning to Blockchain…