Blockchain News 21.06.2018

Korean gov plans to invest $200M in blockchain tech

The new initiative will involve 10,000 blockchain industry professionals and 100 companies, expanding and commercializing 6 existing blockchain pilots.

These pilots aim to leverage blockchain technology for real estate, online voting, shipping logistics, livestock record management, customs clearance, real estate, and international e-document distribution.

The Ministry’s press release also gives examples of private blockchain initiatives it plans to promote, including “smart city” and “smart factory” projects, a blockchain system for the used car industry, and a blockchain-based “safe school food” distribution initiative.

In addition, the Korean government will back the development of BaaS (Blockchain-as-a-Service), to allow small and medium-sized enterprises to implement blockchain solutions efficiently.

St. Louis Federal Reserve Bank now tracks Bitcoin in its database

The St. Louis division of the US Federal Reserve Bank is now tracking the prices of cryptocurrencies in its research database.

Federal Reserve Economic Data (FRED) is an extensive database maintained by the central bank’s St. Louis branch and is now offering data points for Bitcoin and Litecoin.

North Carolina government passes crypto friendly legislation

The North Carolina government has passed pro cryptocurrency legislature, which will legalize activities of cryptocurrency companies in the state.

Welcoming the much awaited legitimization by the government, Coinbase Executive Mike Lempres said “By helping cryptocurrency companies comply with the letter of the law, leaders in both states are paving the way for the economic and social benefits of this new technology to flourish within their communities.”

Chinese science academy launches blockchain mathematics lab

China’s federal science institution, the Chinese Academy of Sciences, is taking part in a new research effort about blockchain.

The highest academy for science in China said it had established a new “Big Data and Blockchain Lab” during a seminar on June 15th. The lab, which is being launched in collaboration with Beijing-based blockchain startup Tai Cloud Corp, will focus on “the relationship between blockchain technology and mathematics.”

Ethereum Foundation, OmiseGO, Other, Sponsor of the Stanford Center for Blockchain Research

Ethereum Foundation, OmiseGO, Andere, Sponsor des Stanford Center for Blockchain Research
Stanford, one of the world’s top university, has opened a new blockchain center that is partially funded for the next five years by the Ethereum Foundation, Protocol Labs, the Interchain Foundation, OmiseGO, DFINITY Stiftung and PolyChain Capital.

The center will undertake research relevant to this space, with a number of papers already out including one titled: “Proofs-of-delay and randomness beacons in Ethereum.”

That proof will be very useful as sharding marches along, with the center to further fund a number of blockchain related courses at Stanford, including one called “Cryptocurrencies, blockchains, and smart contracts.”

Our student self would have certainly not resisted that title, so hopefully they have some way of managing demand because with pay packages “gotten insane” we should think there might be a waiting list.

Nor will that thirst be met by a replication of the course online (as far as we can see), but there will be an online course on the far more boring, yet often critically vital, cryptography field, with a free online graduate textbook on cryptography to also be available.

“Blockchains will become increasingly critical to doing business globally,” Dan Boneh, co-director of the Blockchain Center at Stanford, said before further adding:

“This is a fascinating area of research with deep scientific questions. Once you get into the details you quickly realize that this area will generate many PhD theses across all of computer science and beyond.”

Kraken Daily Market Report for 20.06.2018


$120M traded across all markets today

Blockchain News 21.06.2018

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