Tag : BLOCKCHAIN

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Conference in Stockholm Will See DLT for Different Uses be Discussed

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September 11th of this year will see the Smile Expo take place in Stockholm which will conduct one of the world’s largest blockchain technology based conferences, the Blockchain & Bitcoin Conference Stockholm for the second time. The conference is going to see experts in the field from all over the world come together in the capital city of Sweden and talk about the use of Distributed Ledger Technology in varying range of sectors.
Here is What Attendees Should Expect
Within the Blockchain & Bitcoin Conference Stockholm, the attendees should expect to see 16 well known speakers about blockchain and cryptocurrencies come together from all over the world. There will be a feature of over twenty different blockchain based companies and startups in the demozone. There will be a sharing of all the innovative ideas and products by these participants for the cryptoverse.
The conference will see 2 panel discussions taking place which the attendees can visit. These panel discussions are going to see the panelists clarify the involvement of blockchain technology within the energy sector and the blockchain technology’s use in various sectors in this new blockchain era.
Main Points of Discourse
There will be a lot of discussion about general topics in the cryptocurrency world right now and the experts are going to elaborate on a few topics surrounding Distributed Ledger Technology with a particular attention to the use cases.
The main points of discussion will be the analysis of Distributed Ledger Technology and its implementation within different industries, the real use cases of cryptocurrencies and their regulation across the globe, the potential that Distributed Ledger Technology has for entrepreneurs and a discussion about how to prepare for and launch an Initial Coin Offering.
What Makes The Conference Different?
You see the Blockchain & Bitcoin Conference Stockholm this time will be different because it will not only be focusing on the most popular uses of Distributed Ledger Technology but also all the implications the innovations of it can have on the world. The specialists coming together will exchange their points of views on the blockchain technology uses in the energy sector and its potential impact on global warming and climate change.
There will also be a discourse on blockchain technology’s “encroachment” in the real estate sector, the opportunities it presents for the transport industry, the impact it will have on logistics industries and healthcare.
Other than that there will be a discussion on integration of blockchain technology within the industry of journalism. Smile Expo has been hosting a series of Blockchain & Bitcoin Conferences all over the world.

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American Express to Use Blockchain Technology to Help Prove Payments

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American Express has always been on the lookout for better ways in which it can prove that payments have occurred. With the latest filing for a patent by giant in financial services, it seems like American Express might be considering the possibility of a solution through the power of blockchain technology.
The US Patent and Trademark Office released a patent application just this past week in which the American Express Travel Related Services talks about utilizing a blockchain based system for the confirmation of payments. This will be including a merchant identifier and the transaction amount.
The concept of using blockchain technology based systems by American Express is based on adding to the very limited number of options for creating good quality evidence of transactions taking place between customers and merchants that go above and beyond the simple payment receipts.
The patent filed by the American Express clearly defines the role of distributed ledger technology in contract data, proof of payment data and transaction data among more important information. The idea is that having a possibly public blockchain network will add another layer of security and proof of transactions which are facilitated by the financial services giant’s network.
Considering all of these factors, the possible applications for a blockchain technology based system for the company are vast. American Express believes that the data can be utilized in order to unlock hotels, shared economy property doors using their card or even a rental so that they can check out the proof for the transactions having taken place on the network of American Express.
The implementation of this technology by the financial services giant can possibly even facilitate the likes of ticketless entry into venues like concerts and movie events (or more). It’s just another possibility to consider.
While there is no decision yet as to whether this new system will be hosted by a public or a private blockchain network, the potential applications of distributed ledger technology and current use cases highlight how the use of cumulative computing power can add a significant layer of security to the network.
Among other patents being filed by American Express, this is the latest in the series. The October of 2017 saw American Express Travel Related Services file for a completely different patent which is centered around a system for customer rewards.
Since then, the American Express company has come a long way with initial trials through a Membership Rewards program using Hyperledger’s distributed ledger technology for cardholders. It remains to be seen how the latest patent plays out for American Express.

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Blockchain Based Digital Asset Marketplace – AXEL Revolution

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Almost a decade on from the unveiling of Bitcoin to the public, the blockchain technology that powered Bitcoin has been recognized as a separate entity. The underlying technology behind cryptocurrencies is being looked at for the massive application potential it has, which extends above and beyond that of a payment system and currency. Epitomizing that ideal is the blockchain technology based marketplace for digital assets called AXEL.
The peer to peer network is aiming to resolve the problems that exist in the current content landscape by combining distributed ledger technology and smart contracts to shift the balance back into the hands of the creators of the content.
How Things Currently Work
The current framework for digital assets is dominated by the middlemen. They get to decide who gets paid what. They have all the keys to all the doors and they are guarding them with rigor. The people who are hard at work investing their time and ingenuity into creating the content are kept at an arm’s length on the side of the curb. These middlemen own all the gateways to the billions of dollars that the content creators deserve.
These centralized marketplaces are at the same time highly vulnerable to cyber attacks through identity theft and hacking. The current framework consists of innumerable inefficiencies and AXEL proposes a robust blockchain based solution to look after of all these problems. Blockchain based solutions in the content landscape will make it easier for the buyer and seller of content to transact with each other without the middlemen and at the same time provide a lot more protection to the whole landscape while that happens.
AXEL Blockchain Based Solution
The AXEL marketplace is bent on creating a space where the creators of the content, completely own the rights of what they produce. They do not have to rely on third parties to facilitate the transactions between them and the buyers of the content. This platform is going to cover literally all the aspects of the digital content creation ecosystem. Everything from the online privacy to the file transfer and even payment processing will be facilitated by AXEL.
Considering the fact that monetizing content has surged as a major economic factor in the recent years, AXEL’s blockchain powered marketplace is going to facilitate a better regulation of the industry. They will do so by allowing better transparency, accountability and remove the involvement of middlemen and centralized control by large corporations in the content creation industry. With the platform already booming on the iOS and Google Play Store, AXEL is slated to become a major player in the digital conte

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Delaware Awards $700,000 Contract to IBM for Blockchain Initiatives

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IBM has been awarded the $738,000 contract by the State of Delaware in order to create a blockchain technology based filing system for the businesses registered in the state.

Delaware is one of the hubs for businesses in the United States. With over a million businesses registered in the state, over 60 percent of the Fortune 500 companies are based in Delaware. Leveraging the power of blockchain technology to automate the filing process for corporations registered in the state will make a lot of cuts when it comes to the manual labor which goes into the filing and processing of the registration requests.

Second Major Deal for IBM

Having secured the contract given to them by the Governor of Delaware, this makes it the second major contract that IBM is undertaking when it comes to the blockchain technology based development for government bodies. The first project that they secured was with the Australian Government. That contract is valued at a billion Australian dollars aiming to help Australia in its bid to become one of the leading technologically advanced governments by 2025.

Delaware has Slowed Down

The former Governor of Delaware, Jack Markell announced the new initiative to make blockchain technology come in to improve the manual tasks in governmental procedures. In fact, one of the first ever blockchain based projects will use the power of blockchain technology to add all the public archives of the state to a blockchain network in order to make it easier for public access and also to make the records more secure.

IBM was paid in order to carry out this project but the deal never really followed through. The archive is still being left for want as the new Governor of Delaware, John Carney seemed to be slowing down the projects right now.

Government to Support Blockchain Initiatives

After what seemed like the project has been cancelled by the Delaware government, the state made the announcement that it will be allowing companies to utilize blockchain based

platforms for keeping their corporate records. It will allow the companies to have pristine records of the shareholders they have and the votes they will be casting during elections in companies.

In light of the contract being signed, there is a renewed sense of modernizing government to support blockchain technology initiatives to take the state forward with an increased fervor.

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Blockchain Bills Passed as Law in Malta

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Malta has, for all intents and purposes, become the first country to have actually provided a sense of certainty in terms of legality to the blockchain technology by passing blockchain bills into their law.
The 4th of July saw Malta’s Parliament pass three bills into the law of the tiny island nation which provides a proper regulatory framework which addresses distributed ledger technology with adequacy. The three bills include the Virtual Financial Asset Act, the Innovative Technological Arrangement and Services Act and the Malta Digital Innovation Authority Act.
This essentially makes the small island state one of the pioneering countries when it comes to providing a certain sense of legal framework for blockchain centric companies. With the necessary framework now in place, investors and companies in the blockchain realm will have an ease of mind when it comes to conducting their business activities surrounding blockchain technology in a properly regulated landscape.
What is more is that due to this regulatory framework coming into place, Malta has made itself prime real estate for companies to come in and conduct their business. The island nation is going to see a lot of economic growth with this historic event taking place.
Blockchain Island
The initiative taken by Malta has been in the works for a while now. With the bill having been passed into law, there are several companies that have already gone on over to the island nation which is now being dubbed as the “blockchain Island”.
Cryptocurrency exchanges of the likes of BitBay, Binance and Okex have started to build on operational setups in the country in light of this move. The UK based middleware blockchain startup, Omnitude, is partnering with the Maltese government in order to leverage the power of blockchain technology and improve the Public Transport Service in Malta.
The Malta Gaming Authority has also chipped in on efforts to embrace the blockchain centric future by issuing guidelines covering the use of blockchain technology and cryptocurrencies for the gaming industry in the country.
Final Thoughts
Although Malta may not be a big country in terms of its size and economy, things are definitely looking to change soon. This initiative by the Maltese government is going to take the country’s economic growth to new heights and allow a good crypto friendly space for major players in the blockchain world to foster and develop

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Tech Giant IBM Wins Billion AUD Dollar Project

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The global technology giant, IBM has recently won the contract for developing blockchain based initiatives among other applicable digital technology initiatives for the Australian government.

The announcement was made on Thursday, the 5th of July. This 5 year project where the Australian government is investing AUD $1 billion is part of the country’s bid to become one of the world’s top three digital governments. Even for a company that is the size of an international conglomerate, IBM is taking on one of the largest projects they have had to date. This project will involve IBM working hard to properly research blockchain technology’s uses for the country as well as an acute focus on both artificial intelligence and quantum computing technology.

IBM has been working with the Australian government for over 40 years now and for them, winning this historic contract is a testament to the relationship that the two of them have shared for these four decades. Through this project, the Australian government is placing their trust in IBM to provide them with world leading technological advancements that will help place the Australian government in a leading position for the world by 2025.

The managing director for IBM Australia and New Zealand, David La Rose, is looking to take this opportunity revamp the digital experience for the whole country.

In light of the projects that the company is already working on for federal agencies, this is the fifth one that IBM is taking on. The previous projects have been led by the Digital Transformation Agency of Australia and are slated to be complete by the June of 2023.

Because of its early acceptance of the blockchain technology based future, IBM has fast become one of the leading players in the blockchain landscape and has been dabbling with a lot of projects. IBM has recently worked on a major trade platform that hosted trade between the likes of HSBC and Deutsche Bank among two other major European financial institutions. The platform they developed which made these live trades possible is also based on blockchain technology.

IBM has been participating in public development through blockchain technology and one of the best examples would be their partnership with Veridium Labs. This tech startup has been operating on the Stellar network and is looking to utilize its tokens in order to help fund the cultivation of a rainforest in Indonesia over an area of two hundred and fifty square miles.

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Bringing Governance to Blockchain – Spain

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Blockchain technology has come a long way since the start of its existence as a means of facilitating Bitcoin. It took a while but people have finally started to understand that blockchain technology is a completely separate thing from an alternative currency system. It has capabilities that extend far and beyond over a vast range of real world applications. From making supply chain management a lot more efficient, to running a government, blockchain technology has many possible uses.

The supply chain management aspect of blockchain technology is more of an immediate reality that we are seeing. The best use case scenario for that is through the work being done by the global tech giant, IBM making it possible to utilize a blockchain technology based platform for supply chain management.

As absurd as it may sound, blockchain technology is actually slated to be used within the governance structure. It is technically quite possible. Although it has not actually been applied in real life yet, there is a proposal that might make it a reality in Spain’s government.

Blockchain For Spain

The ruling party in Spain, Partido Popular, has recently submitted a proposal to the Spanish Congress of Deputies. Within the four party political system that Spain has, there is a reason why Partido Popular is so popular. They are taking a more proactive approach towards new technology. Their proposal is aiming to encourage the integration of blockchain technology within the governance infrastructure for Spain. They feel that the introduction of this technology will add better cybersecurity measures, ease of use, efficiency and more safety to Spain’s public administration.

Strong Push by Partido Popular

Over 130 deputies from the ruling political party in Spain came together to submit this proposal on the 3rd of July with the aim of drastically improving the current structure. Introducing blockchain technology, according to them and to logical understanding, will make internal processes more efficient and robust. Blockchain technology will also add crucial aspects of traceability and transparency in the decision making process.

The Partido Popular has said that the government in the country has to introduce certain concessions in the administrations so that there is a better sense of control, transparency, and traceability for the industrial and governance in Spain.

The proposal has not stated any specifics in terms of the timeframe of the blockchain technology integration into governance. It has just made the suggestion that the government of the country should be more willing to train state employees and developers to make the implementation of this technology as smooth and efficient as possible.

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Basel’s Blockchain Leadership Summit

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The November of this year will see one of the biggest events for the blockchain industry take place in Switzerland. The Swiss capital, Basel, is going to be the host of the Blockchain Leadership Summit of 2018 from the 23rd to the 24th of November.

The Blockchain Leadership Summit of 2018 is slated to have some of the top most experts, block chain visionaries, and proactive investors of the industry come together in Basel, and discuss the financial regulation of block chain integration, the global effect of the disruptive new technology, and the resulting real life cases of what can only be considered akin to the industrial revolution. There is a lot of discourse that needs to take place about lemmings on the market, the domination that centralized liquidity has and the DEX development. Blockchain technology is going to be an integral part of where we go as a species and this discussion will highlight all the pros and cons of investing in the new technology.

The number of people attending the Blockchain Leadership Summit is going to be north of 2000 people while there will be well over 60 experts and speakers from the blockchain industry that will come in to discuss all the important blockchain centric matters.

It only makes sense that this event is going to take place in the capital city of Switzerland, which is often considered as one of the most crucial locations for life science in the continent. The venue for this historic event will be the Congress Centre Basel. It is a fitting place to host such an event considering the fact that it is the biggest research center in the country.

A Step Up From The First Installment

This is the second Blockchain Leadership Summit with the first having been hosted by Zurich on the 9th of March. It is a bigger event this time around with the previous one having brought together over 50 speakers, 50 blockchain industry companies and 500 speakers together. It laid the groundwork for Basel to host the Blockchain Leadership Summit, 2018.

This event is going to be the final blockchain industry event of the year and it will cover all the developments in the cryptocurrency world and the blockchain technology landscape.

A Lot To Learn

The Blockchain Leadership Summit will offer the perfect professional environment for all those looking to tokenize their assets, those who want to start getting involved in the blockchain world and are interested in the technology’s impact moving forwar