Ethereum Classic is Starting to Mobilize
Supporters of an alternative implementation of the #ethereum #blockchain are beginning to #mobilize and galvanize support.
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Japanese Banks Plan Blockchain Currency Exchange
A group of #Japanese financial institutions are looking to create a platform for real-time #currency #exchange services.
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Capital One Adds Veteran Blockchain Lawyer to FinTech Team
#Blockchain legal #veteran Elijah Alper will join #Capital One in September to advise the financial services firm on the subject area.
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No, the EBA’s Bitcoin Regulation Proposals Aren’t All Bad
Digital currency lawyer Jacek Czarnecki argues recent regulatory #proposals in the EU might benefit the #blockchain industry despite criticisms.
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A Red Herring – Peril of Consensus on the Blockchain
Stefan Thomas of Ripple labs got some attention today by claiming that the need for consensus among miners of a #blockchain platform like Ethereum before they implement an upgrade will hamper adoption and use. Actually, even the substitution of the term “consensus” for “majority”, telegraphs the actual intent of the communication. If an upgrade advantages an ecosystem/platform one would expect that miners – who get rewarded as use of the platform expands – would be happy to install a good upgrade. And we would hope they would reject a badly coded or illogical or unjust one.
I’m suspicious of this challenge to widespread use and adoption of an open blockchain, because I think it may be a disguised attempt to shift uninformed folks to using proprietary blockchains. With proprietary blockchains, the vendors/owners can implement changes rapidly because they themselves vet the changes. “Users” now become “customers” and customers are stuck with the new middlemen (not Visa or a Bank – but a vendor of a proprietary blockchain with a vendors inherent tendency to evolve into monopolies or oligopolies and milk the crowd/users of their assets. In short, proprietary means closed and closed means higher fees paid by a user to a vendor.
This kind of misdirection is going to increase over the these next months as folks internalize the business process improvement potential of the blockchain. I’m even seeing this in a portion of the herd starting to advocate for proprietary databases to ride on top of the blockchain and eliminate transparency of the data being housed. If you appreciate the open transparent crowd sourced privacy protected permanent ledger the blockchain enables, put your effort and time and even money into expanding projects and platforms like Ethereum.
[linkedinbadge URL=”https://www.linkedin.com/in/stansmith1″ connections=”off” mode=”icon” liname=”Stan Smith Knowledgelevers“] is Co Founder at Kleverer.com
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Rakuten Acquires Bitcoin Startup Team for Blockchain Lab Launch
Japanese e-commerce firm #Rakuten has acqui-hired #bitcoin #startup Bitnet as part of a bid to staff its new #blockchain development lab in the UK.
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Swiss Bank UBS Latest to See Key Blockchain Lead Depart
UBS has become the #latest major #bank to see a significant departure from its #blockchain innovation team.
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To Go Big on Blockchain, ‘Big Four’ Firm PwC Thinking Small
To scale up its #blockchain operations, ‘Big #Four‘ audit #firm PwC is #thinking #small with its strategy.
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Gartner: Blockchain Hits Hype Cycle Peak
#Blockchain #technology has hit the #peak of its #hype #cycle according to a new report by #Gartner.
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Why Ethereum Classic Must Die
In this Op-Ed, investor Jacob Eliosoff argues that the #ethereum community needs to rally around one #blockchain.
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