#Blockchain Ripple Leads Crypto Coalition Seeking Gov’t Oversight Encouraging Crypto, Blockchain

A crypto coalition led by Ripple plans to pay D.C. lobbyists to influence the government’s stance on cryptocurrencies and innovation

from Cointelegraph.com News https://ift.tt/2OXcpTz Ripple Leads Crypto Coalition Seeking Gov’t Oversight Encouraging Crypto, Blockchain

#Blockchain Blockchain, Reloaded: How the New “Matrix” Appeared

blockchain

The following opinion piece on blockchain technology was written by Alexander Borodich, CEO Universa.io, futurologist, and Forbes contributor

Just like any other phenomenon that happened to be in the public eye or the subject of hype, the blockchain has been fleshed out with legends and interpretations and they are often far separated from reality. Many still think that blockchain and Bitcoin are synonyms and that they are just another pyramid investment scheme not worth paying attention to.

Also read: Trader Alleges Bithumb is Losing $150,000 USD Daily to Washtrading

A conservative approach is a natural defense mechanism against everything that’s new, even if it helps to save energy, time and resources. But what if that approach is wrong? There are those who believe in the blockchain and think of it as progressive a technology as smartphones once were. What if they’re right? What if this technology will change our lives as Internet once did?

There’s no need to get down to brass tacks. Some general insight into the blockchain and its advantages is enough. There is an analogy between the blockchain and The Matrix movie from 1999: “Welcome to the real world, Neo.”

Money History Prior to Crypto

Different nations have tried to come up with various solutions for the exchange of goods that were necessary for trade. While the advantages of gold and silver ensured their supremacy for millennia, the cultures that had no access to them managed to find some extraordinary solutions. For example, in Micronesia, they considered Rai stones (huge stone discs) a currency. Verbal legends about origin and history of the stones’ owners were often attributed to them. Deals were conducted verbally and did not require relocation of the stones. Every new owner had to mark a stone as his, so the whole history of ownership was on the stone.

The stones are often called prototypes of the blockchain. But of course, that’s quite an assumption. The true conditions for the advent of the blockchain included the development of the Internet and growing computing capacity of modern devices. Of course, the invention of the idea required someone who would come up with it and be able to bring it to life. Alas, the true creator of the blockchain is shrouded in mystery, just like the names of those who turned Rai stones into currency.

For some time after its invention, the blockchain was popular with a very tiny number of people. These people were not taken seriously. They were laughed at. But they never gave up believing in the technology, and they kept developing it and promoting it. In fact, there was an understanding of the intrinsic possibilities of the blockchain from the beginning. So it wasn’t some irrational belief but was, rather, common sense.

Our everyday life is tied to documents and data. In our world, we need people or organizations that can manage money and documents, verify our identities, manage copies, and verify those. Imagine the world without these services. That is a world without banks, notary officers, state agents to register different events, election committees, broker’s offices, and lots of others. It is a world where we can trust a system built on a proven technology and not on the human element.

Blockchain and Cryptocurrency Utility and Development

It’s probably not your first time hearing the blockchain is a distributed database on bitcoin.com, but we can put it even more simply: the blockchain is a database that is stored on a great number of separate Internet-connected computers at a time. This technology was first implemented with Bitcoin, but it has now traveled and expanded far from the cryptocurrency. Tens, hundreds, even millions of computers all over the world, as well as cryptographic security systems, ensure the reliability and safety of the data.

The blockchain is based on three key principles: distribution, transparency, and security. It allows the storage of data relating to ownership, credits, marriage registrations, traffic offenses, and all other more or less meaningful events. Among the obvious advantages of the blockchain are cost, speed, and simplicity.

Cryptocurrency as the Killer App

The first and probably the most provocative sphere of application for the blockchain is cryptocurrency. Winter 2017 Bitcoin futures appeared on several leading U.S. stock markets and inspired Wall Street’s investors. That means cryptocurrencies became an investment tool. Many conservative investors believe that cryptocurrencies are a kind of bubble and that the bubble’s growth puts the consistency of the entire world financial system at risk. However, one can’t deny the fact that this has already happened. The cryptocurrencies are now accepted by millions of people and lots of organizations, including the world’s leading corporations.

Blockchain Use Cases

The blockchain is being triggered by investors and crypto-enthusiasts:

1) in the granting of loans, excluding the risks of scam and mortgage fraud.

2) in the field of deal registration with real estate, vehicles, and everything that has to do with documents, certificates, and rights.

3) during the elections. Public blockchain can be analyzed by a user to track his vote.

4) in smart contracts in various fields, including logistics, retail, management, and justice, which allows people not only to increase the trustworthiness of payments and deal confirmations, but also to reduce the timeframe of all these processes. It sounds complicated, but it can be understood by anyone. Just imagine that you enter a shop in Manhattan to buy an iPhone X. If the shop’s logistics are blockchain-based, you’ll only need to scan a barcode to see the whole chain of the product’s movement on your phone screen all the way up to the store shelf. The data in the blockchain cannot be changed. The same process can be used for any other type of goods. Isn’t it great?

5) for providing a country with government services. Estonia has already launched the blockchain-based electronic citizenship system. Finland employs the blockchain to identify refugees.

6) In gaming ecosystems with Blockchain-based technologies, users will be able to buy and sell various in-game items with tokens, which will make it easier to buy and sell items from different gaming projects. You know if you want to sell or exchange an item you purchased, this is going to be an issue. Gamers will sell, exchange, or buy items they need with universal tokens. This will offer truly exciting possibilities for millions of users all over the world. Experienced gamers will be able to have their own business and regular income and make the time spent in front of a computer, or console, or with a mobile device work on them right.

Undermining Fiat Monopolization and Awakening to the New Matrix

During the year 2017, the cryptocurrencies’ worth has grown from $17 up to $750 billion. One of the founders of Ripple, Chris Larsen, became richer than Mark Zuckerberg and Sergey Brin. We can see how the blockchain, which cannot be controlled or influenced, turns from an abstraction into reality right in front of us, changing the world financial system as it evolves. Cryptocurrencies take away the monopoly on emitting fiat money from national banks, creating a revolution compared to the transition from gold and silver to paper currency and to e-payments afterward.

More likely, we are in the process of some kind of a mental revolution, because we can already observe a reality previously considered impossible. Cryptocurrencies challenged the world financial system, and no restrictions can make them extinct anymore. Legislators in different countries have to choose their seats in the new matrix. If you take the blue pill, the story ends, you wake up in your bed, and you can believe whatever you want to believe. If you take the red pill, you can stay in Wonderland and see how deep the Blockchain hole goes…

Do you think people will awaken to the new matrix? Will we begin undermining the fiat system and grow this new decentralized money system? Let us know in the comments section below.


Image courtesy of the author. 


OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.

The post Blockchain, Reloaded: How the New “Matrix” Appeared appeared first on Bitcoin News.

from Bitcoin News https://ift.tt/2wMH4v6 Blockchain, Reloaded: How the New “Matrix” Appeared

#Blockchain Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AI

Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AI

The central bank of India has reportedly formed a special unit tasked to track emerging technologies such as those related to cryptocurrencies. Its members will be expected to research, draft rules, and, in the future, supervise the development of digital assets, blockchain and artificial intelligence applications. 

Also read: Report: North Korea to Hold a Crypto Conference

RBI Team to Track Crypto Developments

Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AIIn an obvious attempt to improve its own capacity in the field, the Reserve Bank of India (RBI) has gathered experts in a newly formed unit that will be responsible for tracking crypto, blockchain and artificial intelligence technologies, The Economic Times reported quoting two sources familiar with RBI’s plans.

According to the report, the new unit will be tasked to research the emerging tech but also prepare rules and supervise the sector at some point in the future. One of the individuals cited in the article commented:

As a regulator, the RBI also has to explore new emerging areas to check what can be adopted and what cannot. A central bank has to be on top to create regulations. This new unit is on an experimental basis and will evolve as time passes.

No formal announcement about the new team has been made yet and the RBI has not responded to media queries for more details. Nevertheless, the publication notes that the unit was formed about a month ago and the bank’s management has already appointed its leader.

The outlet also quotes another expert on the topic. According to Piyush Singh, managing director of financial services for Asia Pacific and Africa at Accenture, unless regulators are part of the ecosystem, they understand and have a clear indication of what is accepted and what is not, they can neither protect the regulated industry nor the consumers who use it. Singh believes the RBI is doing the right thing at a time when new technologies are changing business models.

Researching, Despite Warning and Banning

The news about the forming of the research unit comes after multiple warnings against engaging in crypto transactions issued by the Indian central bank. In December of last year the RBI highlighted a number of crypto-related risks of economic, financial and legal character. This year, the bank ordered all regulated financial institutions to quit providing services to businesses and individuals dealing in cryptocurrencies.

Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AIThe ban went into effect in July, despite attempts by representatives of the crypto sector to challenge it in court. In two hearings of the filed petitions, the Supreme Court of India did not grant a stay against the ban and eventually scheduled the final hearing for September 11.

In the meantime, Indian officials have been working on a regulatory framework for the crypto industry. Early statements that the draft regulations would be ready in July were later followed by another estimate – the Indian government is now expected to issue detailed cryptocurrency guidelines by September, as news.Bitcoin.com reported. Consultations with stakeholders are underway.

Do you think the RBI will eventually change its attitude towards cryptocurrencies? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock.


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The post Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AI appeared first on Bitcoin News.

from Bitcoin News https://ift.tt/2MBSv3p Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AI

#Blockchain Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AI

Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AI

The central bank of India has reportedly formed a special unit tasked to track emerging technologies such as those related to cryptocurrencies. Its members will be expected to research, draft rules, and, in the future, supervise the development of digital assets, blockchain and artificial intelligence applications. 

Also read: Report: North Korea to Hold a Crypto Conference

RBI Team to Track Crypto Developments

Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AIIn an obvious attempt to improve its own capacity in the field, the Reserve Bank of India (RBI) has gathered experts in a newly formed unit that will be responsible for tracking crypto, blockchain and artificial intelligence technologies, The Economic Times reported quoting two sources familiar with RBI’s plans.

According to the report, the new unit will be tasked to research the emerging tech but also prepare rules and supervise the sector at some point in the future. One of the individuals cited in the article commented:

As a regulator, the RBI also has to explore new emerging areas to check what can be adopted and what cannot. A central bank has to be on top to create regulations. This new unit is on an experimental basis and will evolve as time passes.

No formal announcement about the new team has been made yet and the RBI has not responded to media queries for more details. Nevertheless, the publication notes that the unit was formed about a month ago and the bank’s management has already appointed its leader.

The outlet also quotes another expert on the topic. According to Piyush Singh, managing director of financial services for Asia Pacific and Africa at Accenture, unless regulators are part of the ecosystem, they understand and have a clear indication of what is accepted and what is not, they can neither protect the regulated industry nor the consumers who use it. Singh believes the RBI is doing the right thing at a time when new technologies are changing business models.

Researching, Despite Warning and Banning

The news about the forming of the research unit comes after multiple warnings against engaging in crypto transactions issued by the Indian central bank. In December of last year the RBI highlighted a number of crypto-related risks of economic, financial and legal character. This year, the bank ordered all regulated financial institutions to quit providing services to businesses and individuals dealing in cryptocurrencies.

Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AIThe ban went into effect in July, despite attempts by representatives of the crypto sector to challenge it in court. In two hearings of the filed petitions, the Supreme Court of India did not grant a stay against the ban and eventually scheduled the final hearing for September 11.

In the meantime, Indian officials have been working on a regulatory framework for the crypto industry. Early statements that the draft regulations would be ready in July were later followed by another estimate – the Indian government is now expected to issue detailed cryptocurrency guidelines by September, as news.Bitcoin.com reported. Consultations with stakeholders are underway.

Do you think the RBI will eventually change its attitude towards cryptocurrencies? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AI appeared first on Bitcoin News.

from Bitcoin News https://ift.tt/2MBSv3p Reserve Bank of India Forms Unit on Cryptocurrencies, Blockchain, AI

#Blockchain Hong Kong University Receives $20 Mln Research Grant for Payment Systems, Blockchain

The Hong Kong University of Science and Technology Business School has received $20 million in funding for research on payment systems, including those using blockchain tech

from Cointelegraph.com News https://ift.tt/2KQITvP Hong Kong University Receives $20 Mln Research Grant for Payment Systems, Blockchain

#Blockchain US Treasury Dept. Fintech Innovation Report Touches on Crypto, Blockchain

A major new report from the U.S. Treasury Department has called for a more agile and conducive regulatory approach to innovations in the fintech sector

from Cointelegraph.com News https://ift.tt/2M5o9lD US Treasury Dept. Fintech Innovation Report Touches on Crypto, Blockchain

#Blockchain PR: Triggmine – AI, Blockchain, and Email Marketing – the Newest Mix in the Crypto World

Triggmine - AI, Blockchain, and Email Marketing

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Email automation SaaS Triggmine upgrades its services with the latest tech solutions. For the very first time, the whole email marketing industry will go beyond simple mail distribution.

Triggmine is going to revolutionize old-fashioned email marketing. E-commerce entrepreneurs no longer need to segment databases and craft email campaigns – all of this will be handled by an intelligent system based on user data. Triggmine will also help business owners communicate effectively with their customers, leading them from first purchase to continuing loyalty.

To implement the above mechanism, SaaS upgrades with proven tech trends:

Artificial Intelligence. Triggmine will analyze a large quantity of data: demographic characteristics, interaction history, degree of sensitivity to discounts, and interests in relation to product categories. As a result, AI-based campaigns will be highly personalized and work better than traditional email marketing.

Smart Contract. For the very first time, email marketing software takes financial responsibility for users’ business results. Triggmine guarantees improved email marketing performance if the user follows special recommendations, based on benchmarks, business stages, industry specifics, etc. All guidance will be based on the detailed AI analysis.

Blockchain Platform. Ethereum blockchain will be used for executing smart contracts, making data storage safe, and facilitating decentralization. The technology will also be used to guarantee 100% quality of AI-based email automation.

For Triggmine, cryptocurrency is not about raising money, but about developing unique solutions.

The primary goal of a Presale is to raise sufficient funds for the development of the Smart Contract. For users, it means that Triggmine will back up their business financially. The goal of a Main Token Sale is to raise funds for the development of the AI-driven neural network to help users launch highly personalized email campaigns.

Check out the Whitepaper to learn more about the product. Token sale starts 1 day early for all whitelisted users. You can also benefit from a 20% discount on TRG for the first 48 hours of the token sale.

If you’re looking for a promising AI-driven project to invest in, this is the time to make a choice!

———————————————-
More information about Triggmine

Website: https://ift.tt/2pD3kF3
Twitter: https://twitter.com/triggmine
Facebook: https://ift.tt/2uhUPDZ
Telegram: https://ift.tt/2G7DdMz

Contact Email Address
am@triggmine.com
Supporting Link
https://www.triggmine.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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from Bitcoin News https://ift.tt/2IQmXRL PR: Triggmine – AI, Blockchain, and Email Marketing – the Newest Mix in the Crypto World