M^5Wire >> March 23 : Practical Blockchain - Looming Summit - SMTs

in machwire •  last month

Blockchains are becoming increasingly prevalent in society. Many companies now recognize the advantages of implementing blockchain tech. They are in the universities at varying levels. And, most crypto users know that small communities populate corners of the web.

Below are a few thoughts on recent headlines.


TODAY'S COMMENT: Why do corporations seem to be racing to gain a backroom strong hold on blockchain? Certainly would coincide with activity associated with an SEC Summit and G20 chatter.

Overall Crypto Market

There is increasing mention of a crypto spring. Several significant projects/releases seem poised to hit the public soon.

In a word
< practical >

Practical blockchain applications are ever so closer to reaching the general public and impacting daily life.

Main Crypto-specific Players

EOS, Bitcoin, and Ethereum have all been active on the wire. Ripple seems a bit quieter this week, but there are rumblings from the Middle East.

Corporate Influence

IBM wants the world to know it's a leader in blockchain technology. Its connection to a variety of blockchains is interesting.
https://www.ccn.com/ibm-crypto-chief-calls-company-the-leader-in-blockchain-technology
VISA's crypto job posting makes headlines
https://www.ccn.com/visa-is-avidly-fishing-for-a-crypto-blockchain-dev-hero

Emerging Projects / Issues

Regulation may be a double edged sword, but consider these comments by Bitwise directed toward the SEC:

95 percent of volume on unregulated exchanges appears to be fake or non-economic in nature, an analysis from cryptocurrency index fund provider Bitwise Asset Management has argued in a report dated March 20. https://cointelegraph.com/news/bitwise-tells-us-sec-that-95-of-volume-on-unregulated-crypto-exchanges-is-suspect

Governance

The SEC announced that some of its staff will hold a forum on DLT and digital assets on 31st of May. https://www.leaprate.com/cryptocurrency/regulation-cryptocurrency/the-sec-to-hold-a-public-forum-on-fintech-and-blockchain/

Wyoming defined digital assets as property, a legal framework that has implications for discussions with the SEC.
https://www.forbes.com/sites/rachelwolfson/2019/03/22/the-cowboys-got-it-right-wyomings-new-blockchain-laws-will-create-more-jobs-and-capital/#489d4e121bc4

Additional Comments from Today's Flyby

Also, SMTs are supposed to take a step forward this month
https://smt.steem.com/

I'll let this carry over through the month: US SEC Schedules Public Forum on Blockchain and Cryptocurrency for March 31, 2019.

M^5Wire objectives include:

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  • overview/brainstorm of current events related to blockchain, crypto, and fintech
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