BlockShow is preparing a live-streamed business pitch competition for startups, called EXP20, which will take place on Nov. 29, 2018. The event is a new segment of their Asia Blockchain Week programme, that will be hosted in Singapore from Nov. 27 until Dec. 1, 2018. Dubbed “the largest blockchain technology roadshow” by Venturebeat, Asia Blockchain Week addresses the rise of the Asian economy and the region’s growing interest in blockchain technology.Crypto colosseumEXP20 is a new startup competition show which will be livestreamed during the Asian Blockchain Week. Taking place on the event’s second stage, the teams will each be given 10 minutes to pitch their technology to a panel of investors. The most viable projects stand to win different kinds of support, such as funding, promotion or important connections, should they be able to convince the panel that their idea has the potential to be successful at a global scale. The BlockShow team says:“It’s a ruthless competition requiring both top-notch technology and sharp business skills, perfectly suited for the blockchain startup sphere.”The competition offers entrepreneurs the chance to pitch their business idea to a panel of venture capitalists, and then defend themselves and their ideas under questioning, in the hopes of convincing one of the panel to invest in their product. EXP20 will be streamed online, for anyone interested in the most cutting-edge applications of blockchain technology.The panel will include the following blockchain investment funds: Sora Ventures, GBIC, Fenbushi, Zenith Ventures, Red Dot Ventures, Rock Expansion, XSQ, Visionz Capital, Plutus VC, BCI, Blockchain I, BlockAsset, and Trive VC.This isn’t the first time BlockShow has had startups compete for funding. The BlockShow Oscars have been a staple of every BlockShow conference, and is based on a similar concept: a competition where ten startups were given the chance to showcase their creations. It has brought attention to projects such as Electrify Asia, Bancor and Status, who have raised over $100 million each after they won their awards. The crucial difference of the new competition is that, while there was only one BlockShow Oscar winner, all ten EXP20 participants have the potential to walk away with valuable support. They also all face the risk of failure. The BlockShow team adds:“With no guarantees and a fiercely competitive pool of applications, it will be a highly engaging event, attracting viewers from all over the globe.”Top speakersBlockShow’s Asia Blockchain Week will take place at Singapore’s Marina Bay Sands Hotel. As a leading conference on blockchain and cryptocurrency, it promises to be one of the biggest events on the fintech calendar. In collaboration with Cointelegraph, this year’s BlockShow is expected to attract over 2000 attendees and feature over 100 leading blockchain experts from around the world.This year’s program will be focusing on topics such as ‘The Post-ICO Future of Blockchain Investments’ and ‘Corporations Tackling Blockchain’, offering attendees a chance to consider blockchain’s new-found place in the global market.The lineup of speakers at Asia Blockchain Week include some of the most well-known cryptocurrency personalities: Bobby Lee, Co-Founder, BTCC and Board Member of the Bitcoin Foundation; Tony Tong, Vice Chairman of China Credit Management Association, and Co-Chairman & Co-Founder of Hong Kong Blockchain Association; and Jehan Chu, Co-Founder & Managing Partner at Kenetic, and Co-Founder, Social Alpha Foundation.These personalities will be joined by other high-profile names such as: Stanley Yong, CTO at IBM, Former Head of Innovation at the Monetary Authority of Singapore; Jason Hsu, Crypto-Congressman and Taiwan Legislator; Remington Ong, Partner at Fenbushi Capital; Michael Gu, Founder of Boxmining; Vanessa Cao, Partner at Sora Ventures, Former Managing Director at JRR Crypto; Thomas Lee, Co-Founder and Managing Partner at Fundstrat Global Advisors LLC; Sinhae Lee, Founding Partner at Global Blockchain Innovative Capital and Block72 International Blockchain Consulting, Richard Wang, Partner at DFJDragon Fund/ DraperDragon Fund; Dr. Ben Goertzel, Chief Scientist at Hanson Robotics, and CEO at SingularityNET; and Ted Lin, Chief Growth Officer at Binance.Trend-setting eventSince 2016, BlockShow events have been held in Europe, America and Asia, drawing turnouts in the thousands. Its organisers say:“This year’s Asian Blockchain Week will no doubt see record numbers, with the future of the technology growing more concrete and embedded in the wider public consciousness. EXP20 brings with it a new avenue to connect with what’s happening at the forefront of Blockchain.”For those unable to attend in person, EXP20 will be livestreamed. Investors will cross-examine some of the most compelling developments in the technology, while viewers are given an experience that can expand the boundaries of what was thought possible in this burgeoning sector. Startups looking to compete in EXP20 can register here, while those wishing to attend Asia Blockchain Week can purchase tickets through the BlockShow website. window.fbAsyncInit = function() FB.init( appId : ‘1922752334671725’, xfbml : true, version : ‘v2.9’ ); FB.AppEvents.logPageView(); ; (function(d, s, id) var js, fjs = d.getElementsByTagName(s); if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = “//connect.facebook.net/en_US/sdk.js”; js.async = true; fjs.parentNode.insertBefore(js, fjs); (document, ‘script’, ‘facebook-jssdk’)); !function(f,b,e,v,n,t,s) if(f.fbq)return;n=f.fbq=function()n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments); if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′; n.queue=;t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e); s.parentNode.insertBefore(t,s)(window,document,’script’, ‘https://connect.facebook.net/en_US/fbevents.js’); fbq(‘init’, ‘1922752334671725’); fbq(‘track’, ‘PageView’);
Blockchain can be explained as an innovative technology that’s designed to transform the digital landscape. It was originally a decentralized ledger used for transactions in bitcoins. This ledger comprises various linked blocks of transactions in which an identical copy was meant to be stored on every computer that was part of this network. The changes made in this ledger were cryptographically approved by the person transferring bitcoins. This person is considered to be the real owner of this digital currency.
About Emerging Blockchain Technology:
The basic idea was to track every unit of digital currencies to prevent any unapproved changes in the ledger. The same idea of decentralized and secure databases has been developed by organizations for new age applications. This industry is consistently evolving, and it can be hard to stay updated with the latest developments. If you want to stay ahead of the competition lurking in this space, here are some tips that you should follow:
1. Bring Innovation in Product Offerings:
In this hyper-competitive domain, it is always important to stay unique and innovative. It gives an edge to the business and makes it survive the massive onslaught of data in this field. There are examples where companies have proven they are more than a novelty with cutting-edge ideas like secure fund processing and cryptocurrency storage.2. Rely on Dependable Sources:
In this dynamic industry, it is hard to predict the latest changes and updates. The legitimacy of news is also difficult to prove even for people associated with the industry. It is advisable to seek information only from thought leaders who have in-depth knowledge and experience in blockchain development. A reliable blockchain developer should have a proven track record to ensure the credibility of their claims. Follow companies and entrepreneurs that are proactively associated with the industry. They form a trusted database ecosystem to know what’s happening in the blockchain environment.
3. Use Social Media Wisely:
In recent times, social media has emerged as a potential source of news and information. But, this platform has inherent dangers that affect the reliability of updates. The misleading information can be easily cooked up due to petty errors and distractions. If this platform has been consistently plagued by misleading news, it loses its credibility. There have been deliberate attempts to present crooked information by manipulating original content.
When using these platforms to stay ahead of the competition, you should stay cautious of malicious links and account hacking. Check the authenticity of information before putting your trust in it. Look for help from an experienced blockchain developer to decode misleading content on social media channels.
4. Ensure Compliance with Regulations:
In this landscape, it is essential to maintain compliance with regulatory authorities. The authorities need more commitment from companies and financial institutions dealing with cryptocurrencies. Before starting a new venture, invest more time and efforts into understanding and adhering to regulatory guidelines.
5. Cross-Check Data from Multiple Sources:
False information is easily and quickly circulated in this age of social media. To mitigate this problem, it is important to verify every piece of data related to blockchain technology. The best way to ensure you are not being duped is to seek an opinion from different industry veterans and leaders. Check for information from major publications that use reliable sources. They should rely on fact-checking processes and include source links in every article.
Aside from the above advice, investing in complex technological combinations can help your business gain an edge in this industry. These are some reliable ways to counter fake news and to stay updated about the latest blockchain technology trends. It requires skepticism and proper knowledge to combat misinformation circulated by various sources.
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Michael J. Casey is Chairman of the Advisory Board of CoinDesk and a Senior Advisor to the Block Chain Research at MIT's Digital Currency Initiative.
The following article was originally published on CoinDesk Weekly. A customized curator newsletter delivered exclusively to subscribers every Sunday.
If you are using a block-chained platform that has been tested for various business processes, potential enterprise users often do not allow for variable encryption, so there is often a critical part missing from the platform. It is a stable digital exchange medium.
Therefore, we need to create a practical "stable economy" in the current race.
Many technical teams, such as Basecoin, are developing a decentralized algorithm for assigning the value of a password property to an external reference price, such as a dollar-denominated foreign currency call. Other companies, such as Saga, build a mortgage-backed model to provide guaranteed fixed-price conversions into alternative value stores such as the dollar. Based on the controversy surrounding the most stable tether, it is fair to say that a widely trusted system does not yet exist.
There is an alternative vision: What if the central bank gets the race? Digitizing Fiat is definitely easier than defending. What is needed is a buyer from a government official.
The Bank of Thailand moved the world closer to its solution last week. The company, in cooperation with eight financial institutions, announced that it is developing a digital currency based on the R3's Corda Distributed Ledger protocol.
We will see how the Thai project evolves. However, the current objective is to focus on specific use cases: promoting bank-to-bank transfer between institutions operating within the capital market. Though limited to Thailand, we will add a piece of money that is missing from other Distributed Initiative initiatives to simplify settlement of securities, such as in the US settlement and settlement agency DTCC.
But if the "wholesale" central bank in Thailand or elsewhere shows signs of success, then the pressure to extend these so-called CBDC models to a wider user community is not hard to imagine.
Access extension to CBDC
Now, with a block-chain-based solution for the supply chain, from proof-of-concept to implementation, activity in Thai neighborhoods is becoming more active and companies can start looking for digital reputation solutions for these new automated automation models. Of course, this will be limited to domestic transactions, but if the smart contracting tools, such as the nuclear swap currently under review for block-chain assets, can also be applied to digital currency conversions, momentary CBDC exchanges become a reality.
And despite concerns about the financial instability announced by the Central Bank-owned Bank of International Settlements, coordinating activity among member countries, it is reasonable to think that one day a full-retail CBDC will exist somewhere.
The BIS concern is that there is a potential threat to the financial system, mainly due to money trying to escape short-term deposits to the CBDC wallet. But that position assumes that banks must continue to play a central role in our payment system. Many central bankers who have become blind due to problems caused by banks that are too big for the financial crisis are taking a different view. In other words, managing the monetary system by relying on private institutions for profit is the systemic risk that our society has faced for a long time.
A lower figure than former British Prime Minister Mervyn King strongly argued for the need for a bank-centered financial system reform. His successor, Mark Carney, disliked the idea of a digital pound, but BOE researchers, who first explored the idea of CBDC, initially explored the potential benefits of removing the banks from the payments and ending the privileged access to the central bank Is noteworthy. Reserve money.
World of Competitive Currencies
If this future is realized, it will be a long way from what is expected by cryptographers to remove the central bank from the equation. Policy makers have moved away from the vision of Bitcoin enthusiasts who need to resist full censorship of monetary policy that can not be changed.
But everything will not be lost to the money innovator. Digitizing currencies that are not central banks or password developers can increase global competition between currencies as access and transaction costs grow more efficiently. It will put pressure on central banks to develop currencies that people want to use.
Competition is not only currency in other countries, but cryptocurrencies are becoming more scalable and can be one of a number of options thanks to Lightning and / or other Layer 2 solutions.
The scenario ultimately evolves into the same vision as the Austrian economist Friedrich Hayek, who is favored by free competitors. This will only entail competition between encryption and government-operated digital currencies.
I hope that something that will be most helpful to humanity in the competitive soup.
Of course, this does not happen tomorrow. It is premature to place a full-fledged bet on any standard currency solution.
But it is also reckless to assume that the world of money will not change at all. This force will be borne in a way that is difficult for all public or private actors to control.
Protecting people's interests
When such changes begin to occur, it is important to provide information about how people are evolving our systems. The world of competing digital currencies is not necessarily a utopia.
As claimed in the previous column, cryptographic tokens can aggravate social problems in social media, leading to a lack of specific token holders to keep their coins from fierce criticism. Imagine the same thing happening as a digital currency being promoted by the dictatorship's investment.
We may be able to test the move to put Venezuela's new digital currency, Petro, on the Bolívar. President Nicolas Maduro has long been campaigning aggressively in favor of policies that have failed tragically. Imagine if he gets a team of Petro-holding trolls to bring up that campaign.
Digital currency calls can also be an amazing surveillance tool. The concept of China 's social scoring system is already causing concern in the country. Adding traceable digital payments to that kind of model is much more intrusive.
Competition pressure will still help us. As I have previously argued, privacy is essential for good, functional, and substitutable currency systems. Naturally, it is widely adopted.
If we can make a real world of choice through currency, it is reasonable to assume that people will attract people who are not used as propaganda tools without surveillance.
Is cryptocurrencies more beneficial in achieving these standards? Perhaps. But it depends on their design. There are many bad altcoins.
Whether it's still a bit coin or an alternative with other monetary policies, if cryptocurrency achieves scalability and includes strong privacy, then there is a very good chance of surpassing government currency.
Either way, let's start the competition. The best coins win.
Images through Shutterstock
CoinDesk, a leader in block-chain news, is a media outlet that pursues the highest standards of journalism and adheres to strict editorial policies. CoinDesk is an independent operating subsidiary of the Digital Currency Group, which invests in cryptocurrencies and block-chain startups.
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Cointelegraph recently had the chance to speak with Pierre-Edouard Wahl, the head of blockchain digital services at PwC Switzerland, about the future potential of blockchain in the country. Wahl, who noted that PwC Switzerland worked closely with main Swiss stock exchange SIX on their announcement of a future distributed ledger-based digital asset exchange, elaborated on his beliefs that crypto must be used in order to go mainstream enough to give people back control of their digital footprints. This interview has been edited and condensed. Molly Jane: Could you tell us how you got interested in the blockchain and cryptocurrency space? Pierre-Edouard Wahl: I’m an engineer by schooling. I’ve been in the blockchain space for several years now, and I discovered a Bitcoin community that was very ideologically driven. The community drove me to the technology, not the other way around. And so I decided to start a B2B Bitcoin exchange and got into some trouble, because at that time, it was very difficult. There was no clear regulation around exchange operations, and I looked for a big banking partner. Unfortunately, at the time, every time you mentioned Bitcoin, there were closed doors — so that did not work out. But Credit Suisse asked me if I was willing to jumpstart their blockchain department, so I happily did. I spent three years at Credit Suisse and after that left, thought I was going to get back to the startup world, but really thought I had an opportunity at PwC to make an even bigger difference than in the startup world. Because we have a reach that is pretty amazing — a very high level of established business, executive suite. So, yeah, that was the exciting part. MJ: When did you first hear about cryptocurrencies? PW: The first time I heard about Bitcoin was in 2010. I dabbled with Bitcoin really for the first time in 2011, and got into the space full-time in 2012. I feel like it is an industry that has such a huge potential, and I wish I could have spent more time there. But yes, relative to the existence of this industry, I have been there for a while. MJ: Do you actually invest in the industry, do you own Bitcoin? PW: I am fully invested. I’ve asked my employers to pay me in crypto, but it hasn’t really worked yet. I don’t only talk the walk, I try to walk the talk. MJ: Since you say you have been investing in the market for a while, have you ever bought anything with Bitcoin? Like a pizza? PW: I try to spend Bitcoin wherever I can. I see it as a way to spread the cost. So, yes, I have spent Bitcoin. In the meetup in San Francisco — the SF Bitcoin-dev meetup — we used to organize what we call “Bitcoin bombs.” All of the participants go to a bar and ask if we can pay in crypto, in Bitcoin — and if we couldn’t, we could go to the next bar, until we found the first one that would accept it. MJ: So how long did it take you to find a bar that would accept Bitcoin? PW: San Francisco is pretty open, so generally it went pretty quickly. And we were a crowd, so they had a good incentive. And at that time, there was already BitPay, so if they wanted to receive dollars, they could easily get their dollars rather than Bitcoin. MJ: Do you have any fear that in the next 10 years Bitcoin will go to a million, and you’ll be that guy that spent his Bitcoin on a cocktail? PW: Well, it will only go to a million if it gets used. So, it’s cool if the price goes up to a million, but it is not my priority. My priority, really, is to try to support a world where people have more sovereignty over their digital footprints, have more sovereignty in terms of freedom of speech, freedom of movement. And public blockchains need a token for incentivizing various parties, and if one of those tokens goes to a million of dollars, it’s great for the investors and those tokens. But the million dollars is not the end goal — the million dollars is just the means to an end. You can watch the interview here: MJ: Switzerland’s main stock exchange, SIX, recently announced that they would be launching a “fully regulated” cryptocurrency exchange next year. Could you talk about PwC Switzerland’s role in the announcement? PW: We’ve been involved in that project and are very proud to be a partner in this new adventure for SIX. We hope that it is going to have impact not only on the Swiss financial place, but really on the global level. I hope other jurisdictions will follow, if they do not precede us — it is possible that a few jurisdictions will launch on their own, I’d say, major exchanges, before we actually launch ours. But we are really excited about it. We think that it will definitely provide much easier access to the institutional investors. And we can’t — I can’t — wait to see it happen. MJ: Are you expecting a lot of enthusiasm and energy from the Swiss community for SIX’s digital asset exchange? PW: This project grew from demand from the industry. There was a lack of infrastructure in our financial service industry — like big banks, small banks — and a lot of demand from their clients. So it really came from the clients themselves who wanted to get into the space. SIX basically belongs to the banks here in Switzerland, so it wouldn’t have happened without their approval — or the announcement wouldn’t have happened — without the approval of the major stakeholders and the major banks in Switzerland. MJ: Do you think that SIX opening a digital asset exchange in Switzerland will help the country embrace more blockchain companies? PW: Oh, we definitely hope so. Whether it will or not, I do not know. But hopefully banks will be more enabled with more infrastructure to actually start handling those new asset types. I do expect so, but I do not know for sure. Right now, I think there is still more clarity needed from the regulators in order for banks to start jumping into it. Banks don’t necessarily have the right incentives to jump into space. Some obviously will find the right incentives, but I think banks have to start — rather than thinking in terms of efficiency gains — thinking in terms of new business models with this technology. MJ: A Moody’s report from this spring found that Switzerland’s banking industry could be hurt by blockchain, due to the technology’s ability to make cross-border transactions faster and cheaper. Do you see a dichotomy in Switzerland embracing this new technology that has the potential to hurt its banking industry? PW: I think that, on the contrary, it can boost up business. Then, the fees can be whatever the fees they decide to apply, as long as they are fair. And there is going to be competition amongst various parties who want to provide those kinds of services. I actually think it will be an enabler. Yes, it might hurt their existing business, but that is often the case with the new technologies: It’s either you adopt them and you think differently about how those technologies are going to actually offer new solutions — as well as improve the existing solutions — or then you just look at the improvements, and we are all racing to the bottom, because there are less and less margins for everyone. MJ: Could you tell me about what PwC Switzerland does with blockchain? PW: We have a pretty broad service offering. We work with startups, we work with established companies. We offer — I wouldn’t say full loaded, yet, because there’s still, once again, a lack of clarity — but we do offer first inspections to ensure that things have been done correctly. And hopefully that will enable us to do audits, if the regulators allow us to do that by the end of the year. We also work on the infrastructure level, we work with a lot of ICOs globally that want to come to Switzerland, from clients that are all around the world. I think we have a pretty broad offering: We offer legal tax services, insuring services, engineering services, some kind of review for code — I do not like the word audit there, because audit it makes that sound like it is bulletproof, which it isn’t. It’s just reviewed by another pair of eyes. And we are trying to grow our services. MJ: I’ve heard that Switzerland has been increasing regulation for ICOs to make it harder to hold one in Switzerland. What do you think are the benefits that ICOs bring to the blockchain space? PW: So, you are definitely right. Increasing, yes. When it starts from nothing, it will increase. I think there is very little regulation here in Switzerland, but there are guidelines that are good — I think they are not great yet, personally. I think there is a lot of confusion between utility tokens and payment tokens. For me, the difference is that utility tokens with enough liquidity can became payment tokens. But there is clarity between asset-backed tokens and the other type of tokens, and I think there is going to be more and more ICOs that use the asset-backed classification. I think that is excellent for industry — the blockchain industry — but also for the existing industry. It’s much more efficient to do an ICO with a security token instead of an IPO — or as a way to raise funding in a VC round or seed round. Unfortunately, there has been a lot of hype. The space is definitely not mature yet, and it needs a lot more cooperation between the various developers to establish standards in order to have new experimentations in the ICO space. I think a lot of the fund distribution should not happen immediately after the ICO, but there should be some kind of the smart-contract thing or possibility to enable some kind of cliff for the delivery of the funds, based on accomplishments. Vitalik [Buterin] proposed the DAICO — I think that goes in the right direction — it’s definitely not perfect, but I think it’s in the right direction, for sure. I think there’s a lot more to do in the ICO space for it to be right. MJ: Could you expand more on how the DAICO works? PW: The DAICO concept is — on a very, very basic level — enabling the token holders to vote on the release of funds in order to get back some control to the investors. And if they are not happy, they can vote against the release of funds and recover whatever Ether has been locked into the smart contract. MJ: Zug recently held a trial municipal vote on the blockchain. Do you think that blockchain voting will become more widespread in the future? PW: I think, conceptually, it is an interesting experiment. I am still not convinced that blockchains are the right platforms for voting. I think there is something really interesting about voting on blockchains, but I think the exciting parts are really the cryptography, the kind of pseudo-anonymity that you have. But I think you need to be able to analyze your constituents’ votes. So I see voting on the blockchain more as a small-scale, board meeting kind of vote, rather than a national way of voting. I would expect more temper-proof, black boxes that record the votes, leveraging some kind of cryptography from all the participants and, at least, you can do a lot of querying on the data — because you want to know who’s happy, who’s unhappy and categorize your voters in order to better categorize how to respond. MJ: As someone who has been in the space for almost 10 years, you mentioned that going from no regulation to some guidelines is already a step. How else have you seen regulation change in general? PW: I may have a very biased version of things, because I was in San Francisco in the earlier days, but I feel like a lot of people have been waiting for New York to come out with some guidelines because they are such a big weight on the international markets. And I think it was Ben Lawsky who came out with BitLicense and things just trickled after that. There were jurisdictions that were more open about blockchain-based tokens, but they were kind of shy — I would say, not really very clear in public about their stance. So, I would say the BitLicense was probably the beginning of the dominos falling, or the beginning of the chain effect. MJ: Do you think other countries are going to take the cue from the BitLicense? PW: Well, I think countries that are afraid can always use BitLicense as a reference, and countries that are more embracing can do better. But I definitely think it can serve as a benchmark, unfortunately. New York has such a big weight in the financial industry globally that people have to take that into account what is the U.S. says. MJ: What would be your example of the right kind of regulations for cryptocurrencies? PW: The right kind of regulation? I think that it is early to say what’s right and what’s wrong. I think the right approach, rather than the right regulation, would be to embrace the community. I really admire the Swiss regulators, which went on a road show — I had never seen that before. And I’d encourage many other regulators around the world to really go on a road show, talk to the community members, try to understand as much as possible, what is happening with not only tokens, but with the smart contracts — because most of the regulation right now is around tokens. The real novelty, I think, is more the smart contracts, the immutability — tokens have existed forever: The gold-backed dollar was not gold, it was backed by gold. Shares are backed by the companies. So these are all some form of tokens, so tokens are not new. The novelty is that with blockchains: They’re easy to issue and they’re very divisible, very transparent and they have a lot of new properties. So I would urge regulators to look a little bit more closely at the actual code, because we are building a jurisdiction where code is law, and these jurisdictions in cyberspace will live and will survive in any physical jurisdiction. And the regulators will have to regulate the interactions of those cyber-incorporated entities within their jurisdiction. And I think we are still very far from that mindset, when it comes to regulators — where we are just looking at what is in front of us — i.e., the tokens. MJ: A lot of people think that cryptocurrency mining has a negative environmental impact because of how much energy it uses. Does PwC Switzerland need to think about the energy aspect of promoting blockchain? PW: At PwC, we are blockchain agnostic. A consensus mechanism is a consensus mechanism — and we don’t really care, we just care for it to be secure. And so I would agree that there is an impact on the environment, and that is an undeniable fact. Now, I really don’t think it is a waste of energy. I think this energy is put to guarantee immutability. I’m eager to see better consensus mechanisms. The one thing I like with proof-of-work is it that it uses energy as a part of the consensus mechanism and, therefore, you can participate in the consensus mechanism wherever you are. It is independent of your stake, you can go to the North Pole and you have access to energy, and you can go to the Sahara Desert and you still have access to energy. I think that it is an interesting approach to keep it as decentralized as it can be. MJ: Thank you! 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Lufthansa partnered with the software giant SAP to kick-start a block-chain competition to find block-chain application ideas for the airline industry.
The first EOS Hackathon results are in! The Hong Kong Hackathon is over, and the prizes have been awarded. Who took home the top prize?
The EOS Hackathon will be ongoing throughout this year, culminating in the grand finale on December 8th, 2018. The Hackathon consists of four events leading up to the fifth and final grand finale event. At each event, teams are competing to come up with the best EOS dApp. Those with the best dApps are invited to compete on December 8th in a final pitch competition.
The first Hackathon happened …
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