Austrian National Tourist Office Testing Blockchain Powered Digital Ad Campaign

The Austrian National Tourist Office (ANTO) has partnered with Adbank, an Ethereum (ETH)-based ad platform which is powered by its ADB token.

The partnership is aimed to tackle problems seen in the digital Ad Campaign where fraud is seen prevalent in the space.

According to Adbank, firms lost around $51 million daily on Ad fraud last year.

In addition to tackling fraud, the platform aims to lower the ad tech middlemen which have been estimated to bloat ad cost by as much as 70% or even more.

According to Angelo Dadaro for the first time advertisers can see where their money is going, rather than going into a “black box” that shows data we know for a fact is questionable.

Adbank believes that about 56% of the website traffic is being caused by bots and non-human traffic.

In addition to ANTO, the Red Bull group is also taking part in the campaign using Adbank’s tech.

Adbank has deployed their blockchain platform last March of this year which the firm revealed to be infused with their patent-pending anti-fraud Artificial Intelligence software.

E-Commerce In China Exploring Blockchain With Its Launch Of Smart City Institute

Jingdong Group (JD.com), a Beijing-based e-commerce giant, through its division JD Finance have founded the Smart City Research Institute.

The firm created the Smart City Institute to accelerate the construction of Smart City through the use of emerging technologies including blockchain technology, artificial intelligence and big data.

The institute is focused on building solutions for urban environment, transportation, planning, energy consumption, commerce, security, healthcare, and other essential functions of governance of a city.

By definition, as smart city is generally an urban area that has the capability of collecting data that can be used to manage resources and assets efficiently and effectively.

According to Orvis Research, the global market was valued at $529.6 billion in 2017 and is projected to reach $1944.7 billion by the end of 2023 with a CAGR of 24.2%.

JD.com is not the only Chinese firm interested in Smart City initiative. Alibaba, Tencent, and Huawei recently announced a smart city initiative in August with 500 Chinese cities on board.

United Nation To Develop Blockchain Digital ID System

The UN Capital Development Fund (UNDCF) and the UN development Programme (UNDP), two of the United Nation’s Wings have partnered with Sierra Leone government to build a blockchain-powered ID system for their seven million people.

In this initiative the two UN agencies will also enter to another partnership this time with Kiva, a technology nonprofit which will lend its institution protocol of the same name to implement the “Credit Bureau Of The Future.”

The platform will enable the Sierra Leone citizens to complete and secure their identities, similar to blockchain assets in a decentralized network like that of bitcoin.

The Kiva is a highly successful project that has been working for over 13 years now without blockchain technology, and have manage to crowdfund more than $1.2 billion in loans for people in more than 80 countries.

A blockchain-based ID system from Kiva could therefore improve things on the ground by granting underbanked and unbanked people with a digital identity of their own.

According to KVA CEO Neville Crawley, they hope to carve a path to a system of global identity and federated credit history where they can unlock capital for the populations who need it most, allowing lenders to massively increase services and the flow of funds to the word’s unbanked.

The Very First Game Built On Tron's Network

The Tron foundation integrated the Tron Virtual Machine (TVM) onto the Mainnet on August 30 and will be activated in October 8, 2018.

TRON founder Justin Sun has requested the Tron community for ideas as the type of Dapps they want to see on the Platform.

One of the first Dapp that will be appearing in the network is Magic Academy, which he describes as the world’s first idle blockchain game based on the Tron network.

Included in this announcement is the mention of Bitguild platform.

The former is written smart contract using Solidity which is compatible with the Tron mainnet through the Tron Virtual Machine.

The latter is a platform were players can buy, sell and trade game items or assets whenever they want to enabling players to have true ownership of items in them.

It is interesting to see what other dapps we have in store once the TVM is activated in the TRON network.

It is truly an exciting time for the Tron community.

36% Of Bitcoin Circulation Is Lost

According to research released by two research firms, Chainalysis and Diar, 36% of bitcoin available in circulation is lost, likely lost or unmined which roughly translate to about 6.226 million BTC is technically unavailable for purchase or trading.

The report also states that about 22% of the circulating supplies are held by speculators, while investors hold about 30%.

These value is about 3.8 million and 5.189 Bitcoin in circulation respectively.

Looking at the figures above we can deduced with certain amount of confidence that Bitcoin is definitely scarce, more scare than what initially we have thought them to be.

Back in July, the founder of Litecoin tweeted that before anyone else tries to buy altcoins they must consider buying bitcoin first as there isn’t really enough to go around.

He suggest that the investors should strive to acquire at least 1 bitcoin first before even considering to buy other coins including his own creation Litecoin.

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