Blockchain businesses embark on world-changing projects 

While bitcoin has yet to be embraced by the public, investors and entrepreneurs are increasingly enthusiastic about the potential for blockchain technology. For the reasons given above, proponents say that blockchain, or distributed ledgers technology, should be used to record and store a wide variety of different transactions and decisions. Information such as mortgage certificates, health records, welfare benefits and even voting registration could be managed via a blockchain. The creation of accessible, secure data networks that run in near real time really does sound like a holy grail in the digital age.

Richard Mabey is the co-founder and CEO of Juro, which uses blockchain technology to underpin the creation and signing of legal contracts. The business provides a freemium (free for the basic features, with a charge for premium features) model for SMEs and a subscription for larger companies and has signed up over 500 clients since launching last year. “We are seeing real traction from businesses and it’s clear that this technology has moved from academia into the world of business,” Mabey says.

Source: Blockchain businesses embark on world-changing projects | Guardian Small Business Network | The Guardian

AVC: The Golden Age Of Open Protocols

screen-shot-2016-02-24-at-10-42-13-am-728x369Open protocols are at the heart of many of the most important systems that we have. The Internet works because of TCP/IP. The web works because of HTTP. Email works because of SMTP. These are open systems that developers can build applications on top of. There are plenty of proprietary protocols out there too. But proprietary protocols tend to lock in users and drive value to the owners of the proprietary protocol, like Microsoft, Apple, Google, etc.

One of the problems we have had in tech is that there aren’t large monetary incentives to create and sustain open protocols. If they are open they cannot be easily monetized by traditional means. However, that is changing with the emergence of blockchain technology and crypto-tokens.

Source: The Golden Age Of Open Protocols – AVC

Blockchain: Good or Bad for Art and Artists?

An artistic project has launched a crowdfunding program to highlight the perceived negative influence of blockchain technology on art.

The project, based in the UK, aims to print an illustrated book titled: Artists Re:Thinking the Blockchain to explore the effects of this new technology on the artistic fields. The funding will also go towards hosting a public discourse program in London. The project underscores some artists’ uneasiness at the thought of this new technology being introduced into the world of art.

Source: Blockchain: Good or Bad for Art and Artists?

EY Startup Challenge To Focus on Building Blockchain Solutions 

The EY Startup Challenge is returning with a focus on building Blockchain solutions for two key industry challenges, digital rights management and energy trading. The EY Startup Challenge is a mentorship-driven programme designed to unlock new solutions, helping accelerate the product and business development of disruptive technology startups.

Today’s media world is characterized by more content, in more formats, being consumed on an ever-changing mix of platforms. Media companies are looking to improve their investments in content, make better use of their current assets and better assess risks.

Source: EY Startup Challenge To Focus on Building Blockchain Solutions – Blockchain News

OPINION: Blockchain really only does one thing well

No new technology since the dawn of the internet has captured the imagination like blockchain. Designed to run unregulated electronic currency, the blockchain is promoted by many as having far broader potential in government, identity, voting, corporate administration and healthcare, to name just some of the proposed use cases. But these grand designs misunderstand what blockchain actually does.

Blockchain is certainly important and valuable, as an inspiration for brand new internet protocols and infrastructure. But it’s a lot like the Wright Brothers’ Flyer, the first powered aeroplane. It’s wondrous but impractical.

Source: OPINION: Blockchain really only does one thing well

Steemit May Become Killer App As It Looks to Draw 1 Mln Bitcoin Users Yearly

The exponential rate at which Steem grows may put on fast track a solution to the scaling issue that the Bitcoin community faces.

Steem is a digital currency behind Steemit, a decentralized social media platform which rewards posters and voters online. Scaling Bitcoin has become a hot button issue in the community. This is the process to increase block size from its current form in which the network can only support up to seven transactions per second to process more like Paypal achieves with about 100 transactions per second, and as Visa does with about 4,000 per second.

Source: Steemit May Become Killer App As It Looks to Draw 1 Mln Bitcoin Users Yearly

Prepare For A Multiple Blockchain World 

160629-blockchainThe shortcomings of the Bitcoin technical architecture have led others to propose and create alternative versions that differ in important ways, such as how transactions are confirmed using different consensus mechanisms or algorithms (e.g., proof of work, proof of stake, etc.), the speed of transaction confirmation, the nature of the value/asset being exchanged, the confidentiality of transaction data, trusted nature of the participating entities (i.e., permissioned — or private — ledgers, and permissionless — or public — ledgers), customizability for business/market use cases, and so on.

We prefer the term “distributed ledger” to “blockchain,” because it affords architectural flexibility and supports the formation of businesses as “platforms.” It is this evolution beyond the current blockchain technology to alternative types of digital value exchange that will enable future scenarios in digital business.

Source: Prepare For A Multiple Blockchain World – Forbes

Imogen Heap explains why blockchain could bring about a music revolution 

One of blockchain’s most vocal bell-ringers is the Grammy Award-winning UK singer, songwriter and producer Imogen Heap. “Blockchain is completely enabling us to rethink the basic, core structure of how monetary distribution works in the industry,” Heap told City A.M. “It can be used to build a united platform and create an ecosystem, but most importantly builds innovation under the standards that make sense for artists.”

The research would seem to back up Heap’s point. In a report this week released by the Blockchain for Creative Industries cluster at Middlesex University and the Featured Artists’ Coalition (FAC), researchers found four areas where using blockchain could be a genuine asset to the music industry.

Source: How to revive the music industry: Imogen Heap explains why blockchain could bring about a music revolution | City A.M.

Pink Floyd: Blockchain technology in music could be ‘truly revolutionary’

If blockchain technology can help the commercial and contractual relationships in music keep pace with technology and the communication between artists and fans then it could be truly revolutionary, writes Nick Mason from Pink Floyd in the foreword to a new report on the subject.

The “Music on the blockchain” report from a research team at Middlesex University, continues a concerted effort led by musician and technologist Imogen Heap to get artists a fairer deal using blockchain designs. Heap has brought together members of the Ethereum community, ConsesnSys and a host of others at London’s Sonos studios.

Source: Pink Floyd: Blockchain technology in music could be ‘truly revolutionary’

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