Blockchain could be about to change how you vote

A new form of cryptocurrency is hoping to give people a better way to vote, and it doesn’t require any knowledge of blockchain — the digital ledger technology supporting bitcoin and other cryptocurrencies — to use.

The Sovereign app brings together blockchain and liquid democracy, a form of democracy that gives people more control over their votes by allowing them to vote directly on issues themselves or pass their vote on to a delegate.

The developers behind the app, Democracy Earth, believe it can solve a couple of problems associated with this type of democracy, including the ability of popular users to amass an unhealthy number of votes and the tendency for voters to become exhausted by the seemingly infinite number of issues requiring votes.

Full story at http://bit.ly/2wyRLzp

Source: World Economic Forum

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Fujitsu Partners With Bankers’ Association to Pilot Blockchain Technology in Financial Services

Japanese information technology equipment and services provider Fujitsu has signed a partnership with the Japanese Bankers’ Association (JBA) for the conduct of a trial on the feasibility of using Blockchain technology in financial services transactions.

In the deal, Fujitsu will supply a Blockchain platform that is based on the open-source Hyperledger Fabric code base to be used by banks in different business use cases.

Beginning October 2017, JBA member banks will start to develop their own applications based on Blockchain. They will then conduct a trial run to determine the feasibility for commercial applications.

In a press release, the JBA said that Blockchain will be tested in such applications as settlement and fund transfer services.

"JBA will provide its Collaborative Blockchain Platform to its member banks and other institutions as a testbed environment for applications employing Blockchain technology, such as for settlement and funds transfer services, and identity and time-of-transaction authentication."

Full story at http://bit.ly/2xdkfSK

Source: CoinTelegraph

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Is Blockchain Coming Of Age?

Ever since blockchain burst onto the scene it's been a technology surrounded by hype and expectation, but the last year seems to have seen this grow to a whole new level, with initial coin offerings (ICOs) receiving almost as much hype as their namesake the initial public offering (IPOs).

To date, there's a sense that many of the cryptocurrencies built using blockchain technology have been only really good as an investment rather than a currency that can be used to actually buy things, and so long as this is the case it seems inevitable that the risk attached to Bitcoin, Ethereum and their like will be incredibly high.

There are early signs however that cryptocurrencies will slowly become something of practical use to its owners. For instance, the co-living company The Collective recently announced that residents in its facilities will be able to pay their deposits in Bitcoin, whilst they plan to allow rent to be paid the same way by the end of 2017.

“The rise and adoption of cryptocurrency globally, particularly Bitcoin, is a fascinating development in how people store value and transact for goods and services worldwide. With many savers and investors now choosing and becoming more comfortable with cryptocurrency, people will expect to be able to use it to pay for life’s essentials, including housing deposits and rent,” The Collective say.

Full story at http://bit.ly/2wwVYDL

Source: Forbes

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Blockchain Cutting Edge Company Founder On How To Stay Legal in China

Cointelegraph spoke to Eric Gu, the founder of ViewFin, the team behind Metaverse Blockchain in China, about the challenges caused by the China regulators’ shocking actions, the role of geopolitics, further plans of officials and what the Chinese Blockchain-based businesses are planning to do in response. We also spoke about the Ethereum killers and what programming language can give you an edge in China.

On Thursday, second largest Bitcoin trading platform in China, BTCC announced that registration for new accounts for the trading platforms was stopped from that day onwards.

That day, it became known that all its Bitcoin exchange businesses will stop Sept. 30th after considering the announcement made by the Chinese regulators, namely the People’s Bank of China (PBOC), the Cyberspace Administration of China (CAC), the Ministry of Industry and Information Technology (MIIT), the State Administration for Industry and Commerce (SAIC), China Securities Regulatory Commission (CSRC) and China Insurance Regulatory Commission (CIRC).

In response to the regulation. OKCoin has announced on Sept. 15 that it will temporarily stop the registration of new users and deposit service in RMB, and to gradually reduce the exchange of cryptocurrency with RMB until it comes to a stop by the end of October. Huobi has made a similar announcement.

Full story at http://bit.ly/2xdsa2c

Source: CoinTelegraph

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Blockchain, Bitcoin, Cryptocurrency And ICOs - All You Need To Know In 10 Minutes

Currently, the collective worth of these cryptocurrencies is between $150 to $200 billion (it fluctuates wildly) so there is big money involved – but many are convinced this is just the start. As the technology and infrastructure around coins matures, cryptocurrencies which provide a genuinely useful solution to a problem could find themselves rapidly increasing in value, just as Bitcoin has done. This makes them very attractive to investors.

There’s a problem though, and it’s a big one. A huge proportion of those 2,000-plus currencies and tokens have no practical use, or no chance of gaining mainstream adoption. This is probably (part of) the reason why the latest trend involving using crypto currencies to raise money – initial coin offerings (ICOs) have just been declared illegal in China. Other governments, particularly in the west, have been less eager to regulate with a heavy hand.

This has led to a “wild west” situation – law and order has not kept pace with the sprawl of society into uncharted territories. And while there’s certainly a gold rush going on, there’s plenty of bandits and rattlesnakes too.

Full story at http://bit.ly/2wwz5jM

Source: Forbes

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Bringing Blockchain Technology to E-Commerce: Current Trends

While online retail sales have increased astronomically over recent years, in the online retail space, from shoes, to purses, and even to software-as-a-service (SaaS), retailers are facing challenges in the ways that they reach and satisfy customers.

New Blockchain technology solutions are coming that will help to simplify the customer acquisition process, as well as help customers to make informed choices before buying.

We’ve all been there. You find the perfect item for sale online and purchase it, only to discover that it’s actually a fraction of the size you originally thought. Our immediate disgust wears off, and after a few days of procrastinating, we throw it back in the original packaging and send it back.

The fact that this scenario is ubiquitous is not good for the online retail market space. Returns are a major struggle for online retailers, totaling $260 bln last year alone. Packaging is damaged, restocking is costly, and consumers have come to expect better return service than during the early days of Amazon.

Full story at http://bit.ly/2xdbyaR

Source: CoinTelegraph

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