The Bank of America (BoA) has estimated that blockchain could be a $7 billion market and provide a major boost to corporate giants such as Microsoft and Amazon, CNBC reports Oct. 2.While BoA’s analysts refrained from putting “a time stamp” on the industry becoming a major, multi-billion dollar addressable market, they reportedly based their estimates on a ballpark figure that two percent of corporate servers would be used to run blockchain at a cost of $5,500 annually.BoA research analyst Kash Rangan told CNBC that the technology is well-suited to some of the world’s largest corporations, noting for example that:”Amazon will benefit from incremental cloud services demand from Blockchain implementation, while improved supply chain tracking should make Amazon’s retail operations more efficient.”Rangan emphasized, however, that while many potential use cases for blockchain have been widely recognized, “full products/services have not yet been built out and are not used in production,” leaving the technology’s capacity to generate real-world capital still unproven.Rangan added that the innovation of distributed ledger systems could take so-called “software as a service” (SaaS) models to the next level by implementing “blockchain as a service” (BaaS). Rangan chose Microsoft’s popular blockchain-based Azure platform as a salient example, stating:”BaaS on Azure offers services such as smart contracts and other third party apps, and should benefit as use of blockchain on Azure increases.”Among other high-profile beneficiaries poised to benefit from blockchain, BoA included Oracle, IBM, Salesforce.com, and VMware, as well as major players from the real estate and mortgage industries such such as Redfin, Zillow, and Lendingtree. Notably, many of the firms recognized by BoA have already made major forays into the blockchain space.Fresh data published late August revealed that IBM is vying with Chinese e-commerce giant Alibaba for the top spot on a new list ranking global entities by the number of blockchain-related patents they have filed to date. This summer, tech giant IBM closed a seminal five-year $740 million deal with the Australian government to use blockchain to improve data security and automation across federal departments.Microsoft, for its part, first announced the launch of its Ethereum-based Azure cloud computing platform as early as 2015, and continues to improve on the product. Amazon Web Services’ (AWS) cloud platform this spring introduced a framework for Ethereum and Hyperledger Fabric that allows users to build and manage their own blockchain-powered decentralized applications (DApps).
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One of the most popular football clubs in the world is releasing a cryptographic token that increases the number of fans by allowing & # 39; Talk & # 39 ;.
Italy's Juventus football club, which boasts Cristiano Ronaldo as the current team member, has teamed up with Socios.com to announce "Juventus Official Fan Token". According to a Monday press release on Monday, this token will initially be distributed via the "Fan token offering (FTO)".
The team says the fan club's biggest global fan base and huge social media presence will allow fans to broaden their audience and make their non-European supporters a more direct experience.
This token can be exchanged with the default $ CHZ token on the Socios platform, allowing fans to vote on upcoming mobile apps. This platform allows fans to respond to the Juventus ballot, so that they can hear the supporters' voice and create an emotional connection between the club and the fans.
The fan token offering we are guessing is basically ICO, but it will not be exactly how the release will be structured or how much it will be released, but it will be released in the first quarter of 2019.
Giorgio Ricci, co-head of Global Partnership and Corporate Profitability at Juventus, said:
"At the club, we are always very cautious and aggressive about innovation and new technology, and we believe that with Socios.com we can provide new opportunities to communicate with cutting edge clubs and clubs around the world."
This announcement comes as the football club recently switched to block-chain technology and is working harder with the fans.
Just two weeks ago, France's top league team, Paris Saint-Germain, said it plans to release its own cryptocurrency in a way that encourages fans around the world. The project is being done through a partnership with Socios through a similar Fan Token Offering.
In fact, Socios says it hopes to communicate more with more than 50 football clubs in the future.
"Alexander Dreyfus, CEO and founder of the company, said," Building a market with the world's largest global football community for soccer fans proves that block chaining and decryption are the mainstream reliable technologies, "said Alexandre Dreyfus, "He said.
Brazi's Series B football team Avaí Futebol Clube announced on September 12th that it will create cryptocurrency as part of its efforts to develop a digital ecosystem for fans and raise $ 20 million. The project is intended to help develop Brazilian soccer to earn a Class A rating and build a team's physical infrastructure.
Cristiano Ronaldo, image via 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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Can smart projections with a smart air drop create a community and prevent guessing?
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TRON [TRX] – The TRON main net launch is just two weeks away.
To kick off this momentous event, the Tron Foundation has had a ton of things up their sleeve. They’ve just announced their latest marketing tactic, which looks very similar to their joint tactic back in December.
Last year it was a Maserati and a Mercedes-Benz. This year we’re taking our giveaway to a whole new level — your dream home! Stay tuned. #TRON $TRX #TRX
— Justin Sun (@justinsuntron) May 16, 2018
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