Blockchain News for 13 Aug 2017
Blockchain-Enabled Electric Car Charging Comes to California
A residential electric-car charger spends most of its time just hanging around unused.
That underutilization looked like a opportunity to Val Miftakhov, CEO of the smart charger startup eMotorWerks. On Tuesday, the company launched a beta test of a distributed, peer-to-peer charging marketplace in California that lets drivers pay each other for use of their home chargers.
If successful, this concept could drastically expand the population of readily available EV chargers, at least in places with a high density of home charging stations. That reduces range anxiety, promoting more EV ownership and potentially generating a virtuous cycle.
For a charger company like eMotorWerks, this is part of a broader strategy to move from selling hardware alone to offering software that generates value beyond the initial purchase.
Full story at http://bit.ly/2uzPpEf
Source: Greentech Media
How Blockchain Can Benefit Gaming Industry Worth $4.5 bln by 2020
In the year 2016, games generated revenue worth $91 bln worldwide according to a market report released by SuperData Research. This industry now holds a diverse audience with 46 percent of the American players being women.
It is expected that by the year 2020, players will spend $4.5 bln on “immersive gaming” according to the same report. Given the scenario, there is a huge potential for innovation but also means available today to reward players as to encourage more participation.
Prospectors is creating a Massive Multiplayer Online Real Time Economic Strategy, which would combine all the fun of gaming online in an immersive environment but also have a game digital currency based on the Blockchain technology.
They are creating a game which has an economic model, unlike other games. Prospectors will give the players the possibility of earning real money for the time that they spend on the game.
Full story at http://bit.ly/2hNa01C
Source: CoinTelegraph
Blockchain Gears Up To Conquer Ad Tech
The digital advertising realm is riddled with complexities and fraud, brought upon by intermediaries and hackers that ultimately put consumer privacy at risk. Blockchain technology shows immense potential in getting rid of these problems and changing advertising as we know it.
The blockchain is the technology that drives Bitcoin, a cryptocurrency that has recently seen a massive surge in value. While many remain skeptical about the wide scale application of Bitcoin, some experts believe that its biggest contribution thus far is its introduction of blockchain technology. Today, it seems that blockchain can be seen everywhere, thanks to the additional layer of security it provides.
Usually, blockchain is described as an immutable and decentralized Excel spreadsheet which contains a list of events or information called blocks. Additional data can be entered and transmitted without compromising security. Any block added to the chain can no longer be altered, making it an enduring source of truth.
All this sounds complex, yet early adopters leverage the technology to simplify the processes involved in advertising. For one, the need for middlemen will be removed to a degree. This is a welcome change for advertisers, who only get a fractional value of their investment because of the fees imposed by intermediaries.
Full story at http://bit.ly/2uAhB9P
Source: Huffington Post
8 Best Sources to Study Blockchain Technology
Since 2013, Google search for Blockchain has risen 1900 percent. It’s considered one of the hottest technologies on the market, as Blockchain is on the edge of transforming how we all interact in the digital world.
Cointelegraph has compiled a list of the top 8 sources where you can get crucial information about Blockchain technology.
Full story at http://bit.ly/2uPAIs0
Source: CoinTelegraph
Will Blockchain Reinvent Social Media?
Social media is everywhere. The big players in the industry carry billions of users and boast massive layers of data and content. These days, though, social media may be in for a major change, possibly due to the rise of blockchain.
After Facebook, Twitter, Instagram and others spent the better part of the millennium rising at meteoric rates, users have recently started to abandon social media accounts, opting for a single account, or no social media at all.Recent reports about how social media affects psychological well-beingreflect a general malaise among former fans, and it seems that even faithful social media addicts are starting to grow discontent with pictures of food and long diatribes about political issues.
Users who took social media seriously and produced quality content discovered that all their hard work was consumed by the platform itself, leaving them with no financial gain, and just a few million likes and a moment of fame as compensation. Content on social media became the stepping stone to massive financial gain for the platform rather than the creator.
What’s more, information on social media that had been intended to be private has been made public to governments, advertising companies, and more, making users far less willing to share intimate details of life. Potential violations of privacy abound, with Facebook, Instagram, Snapchat, and the rest being willing to change the order of feed, link users with advertisers, and make information more transparent than users might like.
Full story at http://bit.ly/2uzFTB7
Source: Forbes
How Banks Start Using Blockchain in Communications
Banks and large-scale commercial companies including Daimler, the parent company of Mercedes-Benz, are starting to replace fax machines and the traditional method of communicating with one another using Blockchain.
Since 2015, banks and major technology companies such as Microsoft have been investigating the potential of Blockchain technology as a data processing platform. While sustaining the security measures of public Blockchain networks including Bitcoin, the Blockchain-based platforms can process large amounts of data, opening doors for a wider range of applications such as data verification.
On June 28, Daimler, the $68 bln parent company behind prominent car manufacturer Mercedes-Benz, successfully launched a one-year corporate loan settlement system utilizing a Blockchain-based system with Landesbank Baden-Württemberg (LBBW), to demonstrate the potential of Blockchain technology in the field of financial transaction settlement and data processing.
Full story at http://bit.ly/2u86S5o
Source: CoinTelegraph
Blockchain and Retail: Four Opportunities
Bitcoin, blockchain, distributed ledgers, cryptocurrencies – you could almost forget about IoT and big data, with the way people are talking about blockchain these days. The developments around the technology are proceeding at a breath-taking pace, and for retailers, if you were ignoring it or thinking you’d wait until later to start paying attention, well, later has arrived.
While blockchain is not going to revolutionize retail tomorrow, there are enough changes coming and enough real players involved in innovation and investment, that retailers need to pay attention to how it will impact their industry.
I’m not going to define blockchain or how it works. If you want that, I recommend this series of articles, as I found them to be extremely helpful (and basic). But whether you understand how it works or not, here are four big changes, in order from closest to coming to fruition, to farthest away.
Full story at http://bit.ly/2uzFTkB
Source: Forbes
Blockchain For Insurance Debuted By India’s Bajaj Allianz
A new Blockchain implementation for the insurance industry has hit India as Bajaj Allianz deploys two products aimed at travelers and motorists.
As local news publication Business Line reported last week, Bajaj, which is part of the global Allianz empire, is using Blockchain technology to reduce claim turnaround times drastically.
“This is helping us to bring down the current settlement turnaround time for some plans from days to minutes,” the company’s head of IT, web sales and digital marketing Sourabh Chatterjee explained.
Blockchain has been making increasing inroads into both the insurance sector and Allianz’s business strategy.
Full story at http://bit.ly/2uIEWmo
Source: CoinTelegraph
Prepared by @SydesJokes
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