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Jimmy

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    I first learned about Blockchain technology when I first discovered Bitcoin.
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  1. Why Decentralization Matters During the first era of the internet — from the 1980s through the early 2000s — internet services were built on open protocols that were controlled by the internet community. This meant that people or organizations could grow their internet presence knowing the rules of the game wouldn’t change later on. Huge web properties were started during this era including Yahoo, Google, Amazon, Facebook, LinkedIn, and YouTube. In the process, the importance of centralized platforms like AOL greatly diminished. During the second era of the internet, from the mid 2000s to the present, for-profit tech companies — most notably Google, Apple, Facebook, and Amazon (GAFA) — built software and services that rapidly outpaced the capabilities of open protocols. The explosive growth of smartphones accelerated this trend as mobile apps became the majority of internet use. Eventually users migrated from open services to these more sophisticated, centralized services. Even when users still accessed open protocols like the web, they would typically do so mediated by GAFA software and services. Read More https://medium.com/@cdixon/why-decentralization-matters-5e3f79f7638e
  2. Bush Security Advisor Warns Against Blockchain Cold War The man who helped invent the financial embargoes that cut off terrorist funding after 9/11 is concerned that cryptocurrencies could be used to undermine his creations. A former deputy assistant to U.S. President George W. Bush, and a former deputy national security advisor for combating terrorism, Juan Zarate is widely credited with helping create sanctions tools and financial instruments that put pressure on enemies of the state. But as blockchain technologybegins to break down borders and empower the unbanked, Zarate is growing concerned it might also be weaponized to illicit ends. To be clear, Zarate supports the idea that blockchain and cryptocurrencies could give "greater autonomy" to individuals, while potentially boosting "commercial activity." Now a senior adviser at Washington D.C.-based think tank, Center for Strategic and International Studies (CSIS), Zarate was also among the technology's earliest advocates, having been an advisorto U.S. cryptocurrency exchange Coinbase since 2014. Still, he's adamant there needs to be more transparency about how even governments might use blockchain due to the geo-political nature of the monetary system it could help reimagine. Key to the success of the tools Zarate created, for example, was the U.S. dollar's status as the de facto global reserve currency. By creating ways to strategically cut off a nation's access to the dollar, Zarate was able to effectively restrict their ability to wage war or otherwise undermine U.S. interests. Read More https://www.coindesk.com/bush-security-advisor-warns-blockchain-cold-war/
  3. Robinhood App Everything in One Place Cryptocurrencies, stocks, ETFs, and options are now available side by side — all easily accessible in one app. Instant Access to Funds Get instant access to your funds when you deposit or sell stocks to buy cryptocurrencies. On Robinhood you’ll never miss out on an investment opportunity again. Secure & Trusted Bitcoin and other cryptocurrencies are now available on our trusted, secure investment platform. We use cutting-edge security measures to protect your assets and your personal information. Managing your investments just got even easier. Website https://crypto.robinhood.com/ Twitter https://www.twitter.com/robinhoodapp
  4. Kodak Catches Crypto Fever Eastman Kodak is soaring after the company revealed plans to launch an initial coin offering. Shares were up as much as 77% in the first hour after the company announced the creation of KODAKCoin, trading as high as $5.50. Kodak said the coin will power KODAKOne, a new platform that will help photographers license their work. It described KODAKOne as an encrypted, digital ledger that will create “a new economy for photography” that will facilitate payments for the licensing and track the unlicensed usage of images. “For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers who’ve long struggled to assert control over their work and how it’s used, these buzzwords are the keys to solving what felt like an unsolvable problem,” said Kodak CEO Jeff Clarke in a statement released at noon Eastern time. Kodak is the latest company to see its shares soar after publicizing plans to explore the world of bitcoin or blockchain, the technology behind it. Others getting into the area include a former electronic cigarette company, a biotech firm, and an entity formed last year through a reverse merger with a sports-bra maker. A company that owns several burger restaurants, Chanticleer Holdings, saw its shares rise more than 40% on the day it announced that it will use blockchain technology to provide a currency for its customer loyalty programs, and a firm formerly known as Long Island Iced Tea Corp. managed to avoid seeing its shares delisted after it changed its name to Long Blockchain Corp. and said it was pivoting to investing in blockchain technology. Sometimes, even rumors are enough to send a company’s shares higher. Western Unionand Seagate Technology have both popped in the past few days after little-known websites said they had ties to a digital currency called ripple. Kodak shares have come back from their initial pop to $4.22, but are still up more than 35%. Even with Tuesday’s rise, Kodak is down more than 70% over the last 12 months. The company, which exited bankruptcy protection in 2013, has struggled to adapt to new technology in recent years. Kodak’s initial coin offering will open on January 31, and is open to accredited investors from the U.S., UK, Canada and other select countries. A web site affiliated with the offering, www.kodakcoin.com, said it would go live within 24 hours. Kodak partnered with WENN Digital, which created the KODAKOne platform and the KODAKCoin cryptocurrency. Source https://blogs.wsj.com/moneybeat/2018/01/09/kodak-catches-crypto-fever/
  5. SEC Suspends Trading of Hong Kong Blockchain Firm's Stock The U.S. Securities and Exchange Commission (SEC) has halted trading of Hong Kong-based UBI Blockchain's stock. UBI – which, as previously reported by Bloomberg, says it is developing a product tracking system using the tech – will see trading of its stock frozen from 9:30 a.m. ET this morning until Jan. 22, according to a statement from the U.S. regulator. The SEC said that it was moving to halt trading due to questions about its recent public filings as well as market activity around the company's stock, which according to MarketWatch has seen its price jump more than 2,000% in the past year. The agency explained: "The Commission temporarily suspended trading in the securities of UBIA because of (i) questions regarding the accuracy of assertions, since at least September 2017, by UBIA in filings with the Commission regarding the company’s business operations; and (ii) concerns about recent, unusual and unexplained market activity in the company’s Class A common stock since at least November 2017." UBI Blockchain becomes the latest firm to have the trade of its stock frozen by the SEC. In the past few months, the agency has temporarily halted trading around several other firms amid questions about the veracity of their statements. Those moves were, perhaps, in response to a wave of interest among investors in firms that say they're pivoting toward products and services of the tech. Yet that interest has sparked warnings from some market watchdogs, including the self-regulatory organization FINRA. Source https://www.coindesk.com/sec-suspends-trading-hong-kong-blockchain-firms-stock/
  6. Blockchain Technology Ready to Disrupt the World If you follow tech news, you've likely heard a lot of buzz about blockchain technology. There are countless articles on the subject, ranging from how blockchain will transform the entertainment industry to how blockchain can reassure you that the fish you are about to enjoy for dinner is from a sustainable source. But what the heck is it? The details are a little technical, but the basic concept isn't. Blockchain technology relies upon a shared record of transactions across a peer-to-peer network of computers. Every computer in the network has access to this shared record and uses special software to participate in the process. The computers on the network verify transactions in chunks of data called blocks. Once a computer verifies the transactions (typically by solving a complicated math problem), the network adds the block at the end of a chain of other blocks. These blocks stretch back all the way to the earliest transactions in the system in an unbroken chain. The most famous implementation of blockchain technology is the cryptocurrency bitcoin. A person(s) going by the name Satoshi Nakamoto proposed the bitcoin concept back in 2008 in a paper distributed on a cryptography mailing list. Nakamoto wanted to create a noncentralized digital currency that didn't rely upon a financial institution like a bank. But Nakamoto had to fix a couple of problems: How could you guarantee that a digital unit of currency couldn't be copied indefinitely? What would stop someone from trying to spend the same bitcoin multiple times? And without an overall, centralized authority, how could you verify transactions as authentic? The blockchain provided the answer. Any transaction using bitcoins would become part of this chain. People would dedicate computational resources to the network. Their computers would work on tough math problems to verify transactions, negating the need for a centralized bank or financial institution to perform that role. The problems' difficulty would depend upon the amount of computational power in the system. The more users dedicated processing power to verify transactions, the harder the problems would become. This would keep the time it took to verify any given block of transactions to about 10 minutes. But why participate at all? Computational power requires electricity, which meant people in this network were dedicating real-world resources that cost money. Nakamoto proposed that whichever computer (or system of computers) provided the correct answer to verify a block of transactions would receive an award of bitcoins. In this way, new bitcoins entered circulation, and people had a reason to put their computers to work. The process is called mining. Then there's the matter of keeping transactions authentic and safe from tampering. One of the ingenious elements of the blockchain is that every transaction verification is, in part, based on what has happened before. Once a block joins the chain, it's locked in across the network, with all the computers connected to the network able to see the block. If someone wanted to mess with the historical record of transactions, he or she would have to not only alter the block containing the transaction but also build out all the blocks that followed it in an effort to replace the existing shared ledger. This is computationally unlikely to happen, as it would require the fraudster to leverage at least 51 percent of all the processing power in the system. That's not easy, but it gets worse for our would-be criminal. Blockchain technology has a failsafe. If multiple computers are offering up block verification solutions, the system as a whole will go with whichever chain of blocks is the longest. If more than one computer comes up with the correct solution to verify a block of transactions, the verified blocks are in a sort of limbo until one of those machines or systems has a solution for the next block in the series. At that point, the system chooses the longest chain of blocks as the rightful one, and it becomes part of the shared ledger across the network. An example makes this easier to understand. Imagine a blockchain that's currently 100 blocks long. A would-be fraudster wishes to spend some bitcoins a second time. Her original transaction is in block number 70. She would have to alter block 70 and then build out blocks 71 through 100. But while she's doing this, the rest of the network keeps chugging along, verifying transactions and building onto the 100-block-long chain. The fraudster will perpetually be behind the system, meaning her version of the blockchain will never be recognized as legitimate. She's been foiled. While bitcoins are a high-profile blockchain implementation, any transaction-based activity could take advantage of the strategy. That's why so many different industries are talking about blockchain technology, with some going so far as to suggest it's the next incarnation of the web. Whether that comes to pass, it's definitely a clever implementation of distributed computing. Source https://computer.howstuffworks.com/blockchain-technology-ready-to-disrupt-world.htm
  7. There Is No Such Thing as “the” Blockchain How do you quadruple your stock price without lifting a finger? In December 2017, the Long Island Ice Tea Corp. found an answer: Add the word blockchain to your company name. The beverage business made this move before doing much to justify its new branding as Long Blockchain Corp. Still, investors rewarded the company: Its stock rose 432 percent. That’s because blockchain, a piece of bitcoin’s technological plumbing, has recently become the buzzword of all buzzwords in the business world. Already, blockchain has been hailed as likely to revolutionize … well … everything. Banks, health care, voting, supply chains, fantasy football, Airbnb, coffee: Nothing is beyond the hypothetical reach of blockchain as a revolutionary force. These predictions are easy to sell because blockchain is still little-understood. If you don’t quite know what blockchain is, it’s easier to imagine that it is whatever you want it to be. But before we can begin to search for the real potential amid the mass of blockchain conjecture and hype, we need to clear up what exactly we mean when we say blockchain. One cause of confusion is the phrase the blockchain, which makes it sound like blockchain is one specific thing. In reality, the word blockchain is commonly used to describe two broad types of computer systems. Both use similar underlying protocols, but they have other important differences. Bitcoin represents one approach to using blockchain, one wedded to principles of radical decentralization. The second approach—pioneered by more business-minded players—puts blockchain to use without adopting bitcoin’s revolutionary, decentralized governance. Both of these designs are short-handed as blockchains, so it’s easy to miss the crucial differences. Without grasping these differences, it’s hard to understand where we are today in the development of this promising technology, which blockchain ventures are worth your attention, and what might happen next. To understand the tangled blockchain ecosystem of today, we have to go back to a time when blockchain was easy to define. This was around 2009, when a block chain was a specific data structure designed to solve a specific problem for bitcoin. In their mission to cut the middlemen out of currency exchange, bitcoin’s still-unknown creators proposed to put copies of its complete financial ledger on every computer using the system. For that to work, bitcoin’s design had to prevent forgery. If anyone could rewrite the ledger and give themselves a billion bitcoins, the cryptocurrency would never work. Blockchain was a solution to the forgery problem. By mathematically linking each new entry on the ledger to the previous one, blockchain created a theoretically unalterable chain of data through time—making it impossible to rewrite previous entries in bitcoin’s ledger. Read More http://www.slate.com/articles/technology/future_tense/2018/01/there_is_no_such_thing_as_the_blockchain.html
  8. Long Blockchain to borrow up to $4M to fund currency focus Farmingdale-based Long Blockchain Corp. will borrow as much as $4 million to fund its pivot announced last week from a maker of ready-to-drink iced tea to a provider of the technology used in digital currencies such as bitcoin. The loan, announced Tuesday, is from Court Cavendish Ltd., a Surrey, United Kingdom, investment firm. Requests for comment from Long Blockchain chief executive Philip Thomas and Court Cavendish were not returned. When the company announced on Thursday that it was renaming itself Long Blockchain from Long Island Iced Tea, its shares leapt more than 180 percent to close at $6.91. On Wednesday morning, the shares were down more than 11 percent to $4.24. Blockchain is the decentralized digital ledger that records transactions for bitcoin and other digital currencies, also called cryptocurrencies, across many computers. Cryptocurrencies are not tied to a bank or government and allow users to spend money anonymously. Interest in blockchain has grown as bitcoin has zigzagged to big gains in value. It has risen about 1,490 percent year to date. Long Blockchain recently sought to raise money by other means. In November, the company filed a prospectus with the Securities and Exchange Commission to issue new stock and warrants worth as much as $10 million, with the proceeds to be used for sales, marketing, acquisitions, product development and general corporate purposes. But the company backtracked on the stock plan by withdrawing its stock registration and recast itself as a blockchain technology provider after the company’s largest shareholder group, based in Auckland, New Zealand, issued a Dec. 15 SEC filing outlining its objections to the stock and warrant offering. Cullen Inc. Holdings Ltd., its executive chairman, Eric Watson, and other executives, who controlled about 30 percent of Long Blockchain shares as of Dec. 6, described the stock and warrant offering as “value-dilutive” and “not in the best interests of the issuer’s stockholders.” Under the new loan agreement, Court Cavendish will provide $2 million to Long Blockchain, with an option to increase the amount to $4 million. In exchange, Court Cavendish, described on its website as an expert in “operational and financial turnarounds” of health care organizations, gets warrants that can be used to purchase stock, interest of 12.5 percent per year payable in cash or stock and the right to appoint two members of the company’s board of directors. In the nine months ended Sept. 30, Long Blockchain posted net sales of $3.9 million and a net loss of $11.6 million, or $1.36 per share. The company, which had 19 full-time employees as of Dec. 31, said it plans to continue its iced tea business. Mitchell Goldberg, president of ClientFirst Strategy Inc., a Melville brokerage, said that the rebranding of Long Island Iced Tea and other companies is reminiscent of the late 1990s when small capitalization companies added “dot-com” to their names to push their stock prices higher. “All of this blockchain and cryptocurrency speculation has a lot of parallels to the late 1990s,” he said. “If business at the company was so good, why would they be doing this?” Two days before the rebranding announcement, Long Blockchain’s executive chairman, Julian Davidson, a beverage industry veteran, notified the company that he was resigning effective Dec. 31. The company had planned to make Davidson an employee after raising $10 million in the security sale. Long Blockchain last week said it plans to ask the Nasdaq Stock Market for an alternative trading symbol from its current “LTEA.” Source https://www.newsday.com/business/long-blockchain-loan-iced-tea-1.15625907
  9. Long Island Iced Tea changing name to Long Blockchain Hicksville-based Long Island Iced Tea Corp. is changing its name to Long Blockchain Corp., saying it wants to focus on blockchain, the technology behind bitcoin, the company said in a news release Thursday. Blockchain is a digital ledger sheet where transactions in cryptocurrencies such as bitcoin are recorded. “We view advances in blockchain technology as a once-in-a-generation opportunity, and have made the decision to pivot our business strategy in order to pursue opportunities in this evolving industry,” Philip Thomas, CEO, said in a statement. “We are committed to enhancing shareholder value and believe that our new focus is the best path towards this goal.” Shares jumped $4.47, or more than 180 percent, to close at $6.91 on Thursday. Over the past year, shares have traded between $1.70 and $9.49. The company did not respond to a request for comment. Bitcoin and other types of cryptocurrency are digital currencies that are not tied to a bank or government and allow users to spend money anonymously. The coins are created by users who “mine” them by lending computing power to verify other users’ transactions. They receive coins in exchange. The coins also can be bought and sold on exchanges with U.S. dollars and other currencies. A blockchain is a global running tally of every transaction in the currency. Interest in cryptocurrencies is booming after the price of bitcoin has soared more than 1,600 percent this year. Futures related to bitcoin began trading recently. The head of the Securities and Exchange Commission this month warned investors on the risks of investing in largely-unregulated digital currencies. Long Blockchain said Thursday that it plans to ask the Nasdaq Stock Market to change its trading symbol from its current “LTEA,” but didn’t disclose what it wants the symbol changed to. It said it will continue to run Long Island Brand Beverages LLC, which concentrates on the ready-to-drink segment of the beverage industry. In October, the company, then called Long Island Iced Tea, said it had received a delisting notice from Nasdaq because the market value of the company’s listed securities had fallen below the $35 million minimum required for continued listing on the exchange. Nasdaq said the company would have until April 9, 2018, to regain compliance. Bloomberg News reported the name change is “the latest in a near-daily phenomenon sweeping the stock market, where obscure microcap companies reorient to focus on some aspect of the mania sparked by bitcoin’s 1,600 percent rally this year.” Source https://www.newsday.com/business/long-blockchain-iced-tea-cryptocurrency-1.15545538
  10. Why legacy tech companies like IBM are betting big on blockchain while chipmakers like Nvidia hedge International Business Machines Corp. (IBM) is betting big on blockchain technology while many Silicon Valley chipmakers are hedging on cryptocurrencies. Blockchain technology will be one of the largest users of capacity at 60 rented IBM data centers around the world in 2018, according to Bloomberg. The boom in the market for blockchain products and services could continue to drive new revenue streams for old-line tech companies like IBM and Microsoft Corp. Even Redwood City-based Oracle Corp. formed its own Blockchain Cloud Service in October. “All of these things will get a new life because of blockchain,” Jerry Cuomo, vice president of technology for IBM Blockchain, told Bloomberg. “Our sales team loves blockchain because a customer that is buying blockchain rarely walks out of the store with just blockchain. They walk out with multiple things in their cart.” Blockchain is the technology that cryptocurrency users employ to instantaneously make and record transactions. Financial institutions are slowly edging into cryptocurrencies and blockchain networks could eventually facilitate the issuance and transfer of financial securities, currencies, gift cards, mobile minutes, loyalty points and energy credits. In addition to all those benefits, the use of cryptographic signatures prevents fraud, making blockchain-based transfers one of the safest online transactions. The blockchain-related products and services sector is expected to hit $7.7 billion by 2022, according to researcher Markets & Markets. IBM was on the forefront of blockchain technology, offering up code to an open-source project and allowing startups to use the technology for free on its cloud, per Bloomberg. Despite its upside, Silicon Valley chipmakers aren’t moving as quickly into the cryptocurrency market. Companies like Santa Clara-based Nvidia Corp. and Sunnyvale-based Advanced Micro Devices (AMD) produce the graphic processing units, or GPUs, that cryptocurrency "miners" use. According to The Wall Street Journal, neither chipmaker wants to rely too heavily on catering to the cryptocurrency market, which has proven to be volatile — any alterations to the underlying technology can drastically impact the value of mining. So far this month, the value of bitcoin, the most well-known cryptocurrency, has bounced around, at one point approaching $20,000 before briefly dropping back to $11,000 then rising again to $15,181 on Tuesday, In addition, cryptocurrencies aren’t making a dramatic impact on either chipmaker’s bottom line. Nvidia pulled in about $220 million in revenue during the past two quarters driven by cryptocurrency demand, a number that represents just 5 percent of its total sales. AMD CEO Lisa Su told the Wall Street Journal that she only expects cryptocurrency demands to drive a single-digit percentage of the company’s 23 percent growth in 2017. How quickly blockchain and cryptocurrencies impact major firms remains to be seen. About six out of every 10 large corporations have blockchain technologies under consideration, according Juniper Research. Two-thirds expect blockchain to be integrated into their systems by the end of 2018. Source https://www.bizjournals.com/sanjose/news/2017/12/26/ibm-oracle-msft-bitcoin-cryptocurrency-amd-nvidia.html
  11. BLOCKCHAINTALK LOOKING FOR WRITERS Interested in writing Blockchain articles, tutorials, or guides for Blockchaintalk.org? Contact Blockchaintalk.org at business [at] blockchaintalk.org. In your email include: 1. Your interested in writing. 2. What content you're interested in writing - articles, tutorials, or guides? 3. Outline your past experience or state that you're just starting out and want to write a few test articles. 4. Provide some links to past articles you've written (if you have them). If you have existing verifiable experience, please outline how much you charge per piece and how many pieces you can write per week. If you have any questions, don't hesitate to write. Thanks!
  12. Rental Equipment/Real Estate/Pot Company Is The Latest To Go Blockchain India Globalization Capital (IGC) — the rare heavy-equipment rental and real-estate-management firm that also has a medical-marijuana component — has become the latest company to see its stock levitate into the heavens after making the conversion to blockchain. The company, which is based in Maryland, said on Tuesday that it will use blockchain, the digital ledger technology behind Bitcoin, to "address issues specific to the medical cannabis industry." Those include "product identification assurance," the company said, and the over-labeling or under-labeling of cannabis products sold online. Last week, Long Island Iced Tea (LTEA), a company that sells iced tea, said last week that it would rebrand as Long Blockchain — an announcement that drove its stock 183% higher. Riot Blockchain (RIOT), which took on that name this fall, was once a biotech company known as Bioptix. Shares of that company have also surged as it backs blockchain and cryptocurrency-related endeavors. Shares of India Globalization shot up 85% to 1.22 on the stock market today, but had been up as much as 147% earlier in the day. Riot Blockchain jumped 21%, while Long Island Iced Tea fell 10%. Meanwhile, blockchain has been seen as a more efficient, tamper-resistant way of recording information of all kinds. Others have worried that the hype has led to bubblelike conditions. India Globalization Capital's move also comes as cannabis-related startups grow rapidly in anticipation of broader legalization. The company's product is a cannabis-based drug candidate for Alzheimer's patients called Hyalolex, it says. That drug is intended to relieve effects associated with the disease, such as anxiety, agitation, sleep disorders. The company also notes that the drug can alleviate caregiver distress. "As we work to develop blockchain in the rollout of Hyalolex, our goal would be to establish a universal cannabis platform applicable to solving multiple industry challenges facing dispensaries and consumers," the company's CEO, Ram Mukunda, said in a statement. "This would include addressing issues such as transactional difficulties, inadequate product labeling, product identification assurance (PIA) and product origin assurance." Source https://www.investors.com/news/india-globalization-capital-latest-blockchain-bump/
  13. Blockchain Is Pumping New Life Into Old-School Companies Like IBM and Visa Blockchain is getting bigger at Big Blue. Demand for the technology, best known for supporting bitcoin, is growing so much that it will be one of the largest users of capacity next year at about 60 data centers that International Business Machines Corp. rents out to other companies around the globe. IBM was one of the first big companies to see blockchain’s promise, contributing code to an open-source effort and encouraging startups to try the technology on its cloud for free. That a 106-year-old company like IBM is going all in on blockchain shows just how far the digital ledger has come since its early days underpinning bitcoin drug deals on the dark web. The market for blockchain-related products and services will reach $7.7 billion in 2022, up from $242 million last year, according to researcher Markets & Markets. That’s creating new opportunities for some of the old warships of the technology world, companies like IBM and Microsoft Corp. that are making the transition to cloud services. And products that had gone out of vogue, such as databases sold by OracleCorp., are becoming sexy again. “All of these things will get a new life because of blockchain,” said Jerry Cuomo, vice president of technology for IBM Blockchain. “Our sales team loves blockchain because a customer that is buying blockchain rarely walks out of the store with just blockchain. They walk out with multiple things in their cart.” Because multiple companies — such as all parties involved in a supply chain — can use the same blockchain, it’s spurring IBM to revise the way it compensates sales associates. In the past, sales reps got paid when their clients bought IBM technologies directly. Now they will also receive a commission when clients encourage other companies to join them on a blockchain network and use Big Blue’s systems and services, Cuomo said. Bright Sector The blockchain enables companies doing business with each other to record transactions securely. Its strength lies in its trustworthiness: It is difficult to reverse or change what’s been recorded. The blockchain can also hold many more documents and data than traditional database storage, allowing for more nuanced insights and analysis. It can also hold embedded contracts, such as a lease for a car, whose virtual key could be transferred to a bank in the event of a default. “Blockchain is one of the bright sectors in technology,” said Roger Kay, president of Endpoint Technologies Associates Inc. “Since blockchain infrastructure is fairly beefy, there will be a large pool of revenue associated with sales of equipment, software and related services for blockchain installations.” In addition to hiring third parties for cloud use, companies will rely more on their own databases for storage, said Amit Zavery, senior vice president of Oracle Cloud Platform. “In traditional database systems, there is only one copy of the data for all parties to reference, but blockchain’s distributed nature means all of the peers now hold a copy of the data,” Avery said. “That will expand the data storage requirements on businesses, especially those in industries with typically high transaction rates.” In October, Oracle announced the formation of Oracle Blockchain Cloud Service, which helps customers extend existing applications like enterprise-resource management systems. A month earlier, rival SAP SE said clients in industries like manufacturing and supply chain were testing its cloud service. And on Nov. 20, Microsoft expanded its partnership with consortium R3 to make it easier for financial institutions to deploy blockchains in its Azure cloud. Big Blue, meanwhile, has been one of key companies behind the Hyperledger consortium, a nonprofit open-source project that aims to create efficient standards for commercial use of blockchain technology. IBM also offers companies a free trial of blockchain in its cloud. Wal-Mart, Visa Almost six in 10 large corporations are considering using blockchain, according to a Juniper Research survey of 400 executives, managers and tech staff. The technology is increasingly being tested or used by companies such as Wal-Mart Stores Inc. and VisaInc. to streamline supply chain, speed up payments and store records. Deployments of blockchain should bump up sales growth in cloud services, databases and servers by 35 percent, according to Susan Eustis, chief executive officer of WinterGreen Research. Within five years, blockchain technology will push more than 55 percent of large companies with more than 1,000 employees to use the cloud instead of their own data centers, up from 17 percent today, she said. IBM is selling more messaging systems to deliver transactions into the blockchain, web-interface products and API systems to easier communicate with the chain and web app environments, Cuomo said. Sales of databases could rise as well. “We are seeing a lot of momentum and excitement in this space,” said Matthew Kerner, partner general manager for blockchain at Microsoft. Source http://fortune.com/2017/12/26/blockchain-tech-companies-ibm/
  14. Tierion - A New Standard For Verifiable Data Website https://tierion.com/ A New Standard For Verifiable Data Tierion is using the blockchain to transform how the world secures and shares data Blockchain Verified Data Developers use Tierion to anchor data to the blockchain to prove the integrity and timestamp of any data, file, or process. Enhance your existing applications or create something new with our developer friendly tools. Get started by signing up for a free account. Issue Digital Receipts Proof of any transaction. Purchases, stock trades, insurance claims. Audit Trail Create a cryptographically verifiable audit trail. Track data provenance and processes. Integrate Your Software Integrate with existing web, desktop, and mobile applications. IoT Data Collection Capture data from various connected devices. Every record gets a Chainpoint proof Immutable Records Medical records, financial records, corporate governance, legal records, inventory management. Secure Customer Data Create a verifiable record of customer data. Reduce KYC and compliance costs. Hash API Tierion’s HashAPI lets developers anchor up to 100 records per second for free. It’s the fastest way to add blockchain timestamping, data security, and cryptographic audit trails to your applications. Data Collection Tierion makes it easy to collect data from web and mobile applications. Simply create a datastore and send us data via our REST API or HTML forms. Tierion automatically creates a Chainpoint proof for every record, which can be used to verify you data was collected at a specific time and remains unaltered. Integrate with 500+ Apps Zapier lets Tierion connect to over five hundred online services such as Salesforce, Mailchimp, Gmail, Slack, Google Sheets, and many others. Collect data with Tierion and send it to other apps, or use Zapier to send data from your other apps to Tierion. Chainpoint Chainpoint is an open standard for anchoring data to the blockchain that has been used by thousands of companies across the globe. A Chainpoint proof cryptographically links a hash of some data to a transaction on a blockchain. Anyone with this proof can verify the integrity and timestamp of the information.
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