5 blockchain trends to watch for in 2018 | The Enterprisers Project

https://enterprisersproject.com/article/2017/12/5-blockchain-trends-watch-2018?sc_cid=7016000000127ECAAY

Few new technologies have raised as much discussion as blockchain. One reason is the controversy, concern, and perceived opportunity around blockchain-based cryptocurrencies (such as bitcoin and ether) and crowdfunding via initial coin offerings (ICOs). But what is blockchain’s role in the enterprise? 

This article gives some ideas to think about. Take those trends with grain of salt. There will be a crash ans bubble burst on blockchains in few years.

721 Comments

  1. Tomi Engdahl says:

    Facebook this week revealed plans to announce details on June 18 and confirmed its cryptocurrency will be a “stablecoin”

    What Facebook’s Cryptocurrency Means: 6 Predictions
    https://www.forbes.com/sites/caitlinlong/2019/06/09/what-facebooks-cryptocurrency-means-6-predictions/

    Reply
  2. Tomi Engdahl says:

    Larry Cermak / The Block:
    Binance announces that it will stop serving trading customers in the US from September; Binance gets ~15% of its traffic from US customers — Binance, the largest crypto-to-crypto exchange by volume, has announced that it will stop serving U.S. individual and corporate customers on its main platform, Binance.com.

    U.S. customers to be blocked from trading on Binance.com
    https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/

    Quick Take

    Binance has announced that it will stop serving US individual and corporate customers on Binance.com in September
    Non-verified U.S. customers will likely still be able to bypass the restrictions and trade on Binance.com using a VPN
    Binance currently gets approximately 15% of its traffic from U.S. customers

    Reply
  3. Tomi Engdahl says:

    Facebook announces Libra cryptocurrency: All you need to know
    The use cases, technology and motive behind the new digital money
    https://techcrunch.com/2019/06/18/facebook-libra/

    Facebook has finally revealed the details of its cryptocurrency, Libra, which will let you buy things or send money to people with nearly zero fees. You’ll pseudonymously buy or cash out your Libra online or at local exchange points like grocery stores, and spend it using interoperable third-party wallet apps or Facebook’s own Calibra wallet that will be built into WhatsApp, Messenger and its own app.

    Facebook won’t fully control Libra, but instead get just a single vote in its governance like other founding members of the Libra Association, including Visa, Uber and Andreessen Horowitz

    Reply
  4. Tomi Engdahl says:

    Facebook’s cryptocurrency Libra unveiled
    https://www.foxbusiness.com/markets/facebook-cryptocurrency-libra-unveiled

    Facebook Opens a New Window. is rolling out a new cryptocurrency Opens a New Window. platform that could provide the embattled social media giant with a new revenue stream of historic proportions as it contends with a possible federal antitrust probe and continued scrutiny over its data privacy practices.

    Reply
  5. Tomi Engdahl says:

    Facebook’s Libra coin is crooked developers
    They’ll steal your money, not just your data
    https://techcrunch.com/2019/06/18/libra-analytica/

    Reply
  6. Tomi Engdahl says:

    Libra currently looks more like a fiat currency than a cryptocurrency
    https://techcrunch.com/2019/06/19/libra-currently-looks-more-like-a-fiat-currency-than-a-cryptocurrency/

    Facebook unveiled a cryptocurrency called Libra yesterday, as well as the Libra Association, a not-for-profit that will oversee all things Libra. While Libra’s white paper draws a lot of inspiration from other cryptocurrencies, the current governance model and blockchain implementation remind me of banks more than bitcoin.

    Permissioned blockchain

    you won’t be able to run a node in your backyard. Only founding members of the Libra Association will be able to run a node. There are currently 28 members, such as Vodafone, Mastercard, Visa, Stripe, Uber and Spotify

    In other words, it looks like a blockchain, but it’s not a real blockchain. It’s not truly decentralized. It’s not truly open

    Facebook is well aware of that, as the company says it plans to let anyone run a node at some point over the next five years

    Reply
  7. Tomi Engdahl says:

    Authorized resellers
    The Libra cryptocurrency is a stablecoin, as it is tied to a basket of fiat currencies and securities. So it requires a lot of oversight to make sure that every time the Libra Association mints a Libra

    Reply
  8. Tomi Engdahl says:

    Wall Street Journal:
    Bitcoin rises above $10K for the first time in over a year, as the unveiling of Libra and increased institutional support spur hopes of mainstream adoption — The world’s most popular cryptocurrency gets a boost from Facebook’s plan to launch Libra — Bitcoin rose over $10,000 …

    Bitcoin Is Back Above $10,000 and Investors Say This Rally Is Different
    The world’s most popular cryptocurrency gets a boost from Facebook’s plan to launch Libra
    https://www.wsj.com/articles/bitcoin-is-back-above-10-000-and-investors-say-this-rally-is-different-11561201454

    Reply
  9. Tomi Engdahl says:

    Anna Baydakova / CoinDesk:
    FATF says its members, including US and EU countries, should adopt regulations within 12 months requiring crypto exchanges share customer info when moving funds

    All Global Crypto Exchanges Must Now Share Customer Data, FATF Rules
    https://www.coindesk.com/fatf-crypto-travel-rule

    A powerful intergovernmental organization devoted to combating money laundering and terrorism financing has finalized its recommendations on regulating cryptocurrencies for its 37 member countries.

    As expected, the Financial Action Task Force (FATF) standards released Friday include a controversial requirement that “virtual asset service providers” (VASPs), including crypto exchanges, pass information about their customers to one another when transferring funds between firms.

    Calling the “threat of criminal and terrorist misuse of virtual assets” a “serious and urgent” issue, FATF said in a public statement that it will give countries 12 months to adopt the guidelines, with a review set for June 2020.

    The so-called travel rule is a longstanding requirement for international banks when sending each other money on customers’ behalf. But blockchain industry advocates argued it would be onerous if not impossible to put into practice with crypto, harmful to user privacy, and counter-productive to law enforcement goals.

    Individuals are not VASPs if they use crypto to buy goods or services or if they make “a one-off exchange or transfer,” FATF said.

    FATF is also giving countries the option of requiring foreign VASPs that provide products or services within their jurisdiction to register with the appropriate authorities.

    Short-term impact?

    Data analytics company Chainalysis, among others, has warned that instead of more transparency, the now-official rule would spur services to shut down or drop off the radar.

    Reply
  10. Tomi Engdahl says:

    Nearly all Bitcoin trades are fake, apparently
    https://www.technologyreview.com/f/613201/nearly-all-bitcoin-trades-are-fake-apparently/

    There have been suspicions for a while that the markets are overinflated. In fact, fears of market manipulation have held up regulatory approval for a number of proposed Bitcoin exchange-traded funds (ETFs), frustrating many enthusiasts who believe that the eventual approval of ETFs will spur broader adoption of the technology by investors.

    Now, in a twist, a company hoping to list an ETF has reported to US financial regulators that around 95% of all Bitcoin trading volume has been faked by exchanges.

    Faked by Unregulated Exchanges, Study Finds
    https://www.wsj.com/articles/most-bitcoin-trading-faked-by-unregulated-exchanges-study-finds-11553259600

    Bitwise’s research casts new doubts about fraud in nascent market

    Reply
  11. Tomi Engdahl says:

    Nathaniel Popper / New York Times:
    Executives at seven of Facebook’s Libra partners say the companies have only signed nonbinding agreements and have not yet paid to join the Libra Association — SAN FRANCISCO — One of the biggest selling points of Facebook’s ambitious plans for its new cryptocurrency, Libra …
    https://www.nytimes.com/2019/06/25/technology/facebook-libra-cryptocurrency.html

    Reply
  12. Tomi Engdahl says:

    Golnaz Esfandiari / Radio Free Europe/Radio Liberty:
    Iran’s Energy Ministry says that power consumption jumped 7% in June, largely due to Bitcoin mining, making the power grid unstable, seizes 1,000 Bitcoin miners

    The Bitcoin Bite: Iran Says Power Grid Hit By Cryptocurrency-Mining Surge
    https://www.rferl.org/a/the-bitcoin-bite-iran-says-power-grid-hit-by-cryptocurrency-mining-surge/30024290.html

    Reply
  13. Tomi Engdahl says:

    Daniel Palmer / CoinDesk:
    Walmart China uses VeChainThor blockchain to show customers the path a food product took, from its source to the shelves, with 23 product lines listed now

    Walmart China Teams with VeChain, PwC on Blockchain Food Safety Platform
    https://www.coindesk.com/walmart-china-teams-with-vechain-on-blockchain-food-safety-platform

    Walmart China has launched a blockchain-based platform aimed to address food safety concerns in the country.

    Announced Tuesday in a press release, the Chinese arm of the U.S. supermarket giant said it has teamed up with blockchain project VeChain, PwC and others on the initiative, which comes as the latest in a line of food tracking projects launched by the firm.

    The new Walmart China Blockchain Traceability Platform already boasts 23 product lines tested and listed, VeChain said, with another 100 planned by the end of the year across 10 product categories including fresh meat, rice, mushrooms, cooking oil and more.

    Reply
  14. Tomi Engdahl says:

    Facebook Libra Cryptocurrency Being Put on Hold by House Lawmakers
    https://www.mobileappdaily.com/facebook-libra-cryptocurrency-project-on-hold

    Senate Banking Chair Mike Crapo has also scheduled a meeting over Facebook cryptocurrency concerns.

    In a blow to Facebook’s aim to kick-off with its proposed cryptocurrency project Libra, House Democrats have officially directed Facebook to put the development of Libra cryptocurrency project on hold. It will also clasp Calibra, a digital wallet complimenting Libra.

    Reply
  15. Tomi Engdahl says:

    This Guy Mined Bitcoin With a Computer That Helped NASA Land on the Moon
    https://www.vice.com/en_us/article/d3nqk7/this-guy-rigged-an-apollo-guidance-computer-to-mine-bitcoin

    An Apollo Guidance Computer would need a billion times the age of the universe to mine a single block.

    Reply
  16. Tomi Engdahl says:

    Trump calls Libra a bank. Libra says nope

    Facebook answers how Libra taxes and anti-fraud will work
    https://techcrunch.com/2019/07/12/facebook-libra-taxes-trump/

    Reply

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