Blockchain Daily Rundown

Blockchain Daily Rundown

Blockchain
February 26, 2018 Blockchain Magazine
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Starbucks Chairman advocates blockchain, dejects Bitcoin Starbucks Chairman, Howard Shultz has made some remarks in company’s annual quarterly investor call regarding incorporation of blockchain technology. According to Shultz, Starbucks plans to accept blockchain technology as well as digital currencies in to its payment technology strategy. However, the Starbucks chairman does not believe that bitcoin will
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Starbucks Chairman advocates blockchain, dejects Bitcoin

Starbucks Chairman, Howard Shultz has made some remarks in company’s annual quarterly investor call regarding incorporation of blockchain technology. According to Shultz, Starbucks plans to accept blockchain technology as well as digital currencies in to its payment technology strategy. However, the Starbucks chairman does not believe that bitcoin will play any role in this strategy as he didn’t believe that bitcoin would be a legitimate currency today or in future.

“Long Blockchain” is a jam with Nasdaq

Formerly known as “Long Island Iced Tea’, Long Blockchain is at risk of being delisted from NASDAQ after the cryptocurrency market took a downturn. Rebranding had initially led to a surge of 300 percent in the firm’s share price raising the NASDAQ’s minimum $35 million-dollar threshold and narrowly escaping the delisting. After the cryptocurrency downturn, the company stocks plunged from $7 to below $3, and is valued at $30.5 million challenging its place on NASDAQ once again.

Ubisoft looks beyond gaming, explores Blockchain technology

Gaming Giant Ubisoft has started exploring blockchain technology. Ubisoft director of insights and trends, Lidwine Sauer, has said that Ubisoft is looking beyond gaming for its future possibilities. According to Sauer, Blockchain is an opportunity to have digital collectibles that cannot be cloned.

Dennis Gartman just had “One of the worst days” after losing big

Commodities Guru, Dennis Gartman, famous for ridiculing bitcoin by calling in a ‘Nonsense’ while totally supporting technology that drives it, lost an undisclosed sum from his retirement account when he invested in Riot Block Chain Inc., as the later lost almost third of its value after a CNBC expose that raise serious red flags about the company’s business model.

Vtalik Buterin, Ethereum founder explores future with Thailand’s SEC

Vtalik Buterin, the founder of much talked Ethereum, the first distributed public blockchain network, is meeting officials from Thailand Securities Exchange commission to explore and discuss the future possibilities of his platform. Thailand has been extremely innovative in terms of the regulation and utility of cryptocurrencies.

California Assembly member, Ian Calderon calls for recognition of Blockchain

Ian Calderon, the millennial assembly member of California, has launched a bill pushing to encompass blockchain technology for smart contracts as well as electronic signatures. The new bill advocates that an electronic record or a signature should be deemed legal when secured by a blockchain.

Blockchain Course in Australian University

This is a first as an Australian University is launching a course on blockchain technology. Blockchain technology is a revolutionary technological advance behind the cryptocurrency and is in process of revolutionizing all the major sectors including finance and healthcare. The program will cost $1500AUD and will be open to all the entrants and students. Blockchain is the most sought technology which is considered a driving force for the future economies.

Blockchain has a new taker in Illinois

State of Illinois, Chicago, is initiating Blockchain for its real estate transfers. The state is trying to determine whether this ground-breaking technology can be used to create more innovative and efficient system in place that has a potential to deliver state services to citizens and other government agencies. Blockchain is considered the most secure network and the state has one of the largest land record offices that they plan to shift onto this new technology.

For UN’s world programme, Ethereum replaces banks.

In a bid to avoid transaction costs in the traditional banking system, the United Nations is in the process to expand its Ethereum based blockchain payment system for its World Food Programme. This was first tested in January 2017 wherein transfer of food and cash to underprivileged families in Pakistan was done via public blockchain Ethereum through a smartphone app. The UN is now expanding the blockchain which is estimated to save millions of dollars.

Thailand partners with Ethereum for its KYC program

Thailand has been very progressive when it comes to innovative and groundbreaking technologies like blockchain. Setting the precedent once again Thailand’s ministry of digital affairs has partnered with Omise to develop a country wide digital identity verification of its citizens as well as the online payment system. Omise had previously launched the Ethereum Community fund in the country.

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