Advertisements

Aion Network Launches First Blockchain Virtual Machine on Java – CoinDesk

Aion Network, a non-profit aiming to “rebuild an internet that puts users first” through broadening the use of blockchain, announced a new virtual machine built on top of the popular Java Virtual Machine (JVM).

This marks the first blockchain virtual machine available to Java developers.

The Aion Virtual Machine (AVM) is not a modification or rewrite of the underlying JVM, but a supplementary software layer that can interact with the JVM as developers build decentralized applications and smart contracts above it.

Java provides a secure, transparent, scalable, and easily-deployed environment for those unacclimated to the crypto-landscape. This is fits Aion’s mission statement to promote more extensive use of blockchain.

By employing a commonly used language like Java, Aion CEO Matthew Spoke hopes to surmount one of the largest barriers to widespread blockchain adoption: terra incognita.

“We made the strategic decision to leave the JVM intact so we could fully leverage the mature ecosystem around it,” said a company representative in a blog. “Leaning on a hardened language like Java was crucial since a major obstacle for a business interested in Blockchain is the cost and time needed to train their teams on unfamiliar frameworks, languages, and tools.”

To this end, Aion also provides blockchain education and onboarding through Aion Learn and Aion University. Billed as a collection of engineers, academics, designers, and entrepreneurs – aligned with a singular, altruistic mandate – the network provides a catalog of developer tools and application templates, as well as mobile API’s and software development kits.

“We have a unique opportunity to build a foundation for the future economy. Aion is our contribution to that future; and we need the best and brightest to work alongside us to make it real,” said Spoke, on the network’s website.

The Aion blockchain utilizes multiple tools already popular on the mainnet, which provide accessibility and redundancy in the public network.

“Aion aims to become the common protocol used for these blockchains, enabling more efficient and decentralized systems to be built. The Aion protocol enables the development of a federated blockchain network, making it possible to seamlessly integrate dissimilar blockchain systems in a multi-tier hub-and-spoke model, similar to the internet.”

The native currency, AION, facilitates transaction fees for miners of the network. It has a current market cap of $60,495,358 USD, according to CoinMarketCap.

Code image via Shutterstock

Source: Aion Network Launches First Blockchain Virtual Machine on Java – CoinDesk

Advertisements

JP Morgan unveils its own cryptocurrency | Crypto Insider

J.P. Morgan might seem like the most unlikely party to create a cryptocurrency asset. Jamie Dimon, J.P. Morgan’s CEO, is known for his negativity toward bitcoin. In a September 2017 article, Fortune reported on Dimon calling BTC “a fraud.” Although, the same article included details of Dimon’s apparent positive sentiment toward blockchain technology solutions, as seen in J.P. Morgan’s previous research and projects in the field.

Source: JP Morgan unveils its own cryptocurrency | Crypto Insider

Navigating Bitcoin, Ethereum, XRP: How Google Is Quietly Making Blockchains Searchable

1.jpg

It’s a balmy 80 degrees on a mid-December day in Singapore, and something is puzzling Allen Day, a 41-year-old data scientist. Using the tools he has developed at Google, he can see a mysterious concerted usage of artificial intelligence on the blockchain for Ethereum. Ether is the world’s third-largest cryptocurrency (after bitcoin and XRP), and it still sports a market cap of some $11 billion despite losing 83% of its value in 2018. Peering into its blockchain—the distributed database of transactions underpinning the cryptocurrency…………

Source: Navigating Bitcoin, Ethereum, XRP: How Google Is Quietly Making Blockchains Searchable

Taiwan to launch blockchain-based digital ID system in 2020 – TokenPost

The government of Taiwan is planning to roll out a blockchain-powered digital identification system in 2020, local news outlet CNA reported last week. Premier William Lai announced plans to launch the new eID system at a meeting held last week. The initiative is part of the broader efforts aimed at implementing “smart government” to promote the digital transformation of the government.

Source: Taiwan to launch blockchain-based digital ID system in 2020 – TokenPost

Wyoming ‘financial technology sandbox’ bill seeks to boost blockchain and fintech innovation – TokenPost

A bill has been introduced in Wyoming’s state legislature to establish financial technology sandbox in order to boost innovation in this space. Introduced last week, the “Financial Technology Sandbox Act” seeks to create a financial technology sandbox for the testing of financial products and services in the state of Wyoming.

Source: Wyoming ‘financial technology sandbox’ bill seeks to boost blockchain and fintech innovation – TokenPost

Italian government brings together 30 experts to build national blockchain strategy – TokenPost

Italy’s Ministry of Economic Development has brought together 30 experts in a bid to boost the country’s blockchain strategy, CoinDesk reported.In September, the ministry had launched a call for applications for the selection of up to 30 members of a group of experts for the drafting of a national strategy on distributed ledger technologies (DLTs) and blockchain.

Source: Italian government brings together 30 experts to build national blockchain strategy – TokenPost

5 Real Life Blockchain Implementations Outside of Cryptocurrency – Bill Doerrfeld

1.jpg

What do Pied Piper and blockchain tools have in common? Both are always “coming soon.”

By now most of us are familiar with blockchain, the technology underpinning cryptocurrencies like Bitcoin and Ethereum. Outside of cryptocurrency, blockchain has many purported use cases in scenarios that require an immutable ledger.

Rhetoric has elevated blockchain to godly status, labeling it as a bleeding edge technology poised to disrupt all facets of life, from voting, to smart guns, health data, stock trading, international shipping, and beyond.

We’ve seen a ton of other innovative blockchain ideas too, yet many are unproven or simply hypothetical. So, the question is, what projects are successfully implementing blockchain in practice?

In this article we’ll strive to separate fact from fiction by showcasing 5 living projects that are actually using blockchain, with real world results. We’ll gauge the viability of such projects, and see how proven use may affect the global climate and attitude toward blockchain adoption.

1. Arcade City

Peer-to-peer blockchain-based ridesharing

Arcade City is a new peer-to-peer rideshare startup whose goal is to disrupt the disruptor. They’re taking on Uber and Lyft to cut out the middleman and protect driver rights, and they’re basing their platform on the Ethereum blockchain.

Many drivers have had negative experiences using Uber, and Arcade City aims to alleviate those issues by giving them complete autonomy. Arcade City drivers set their own prices, accept their own form of payment, form guilds with other drivers, and can have open conversations with users within the app.

Available only in select cities worldwide, you can download the Arcade City app on the App Store.

2. Helperbit

Humanitarian fundraising vetted with blockchain

Helperbit is a fundraising site that emphasizes philanthropic global initiatives that increase well-being in foreign countries.

Current projects range from natural disaster relief, clean water for African communities, helping educate children in Papua New Guinea, to even a North Pole exploration.

Tying each donation to the blockchain helps increase economic transparency. As corruption in charity and insurance is an unfortunate reality, Helperbit aims to bring fundraising power straight to the people through decentralization.

3. Boeing

IoT-driven blockchain unites assembly line operations

It’s not just startups and nonprofits excited about blockchain. Aviation engineering behemoth Boeing is already integrating an IoT-driven blockchain into their engineering operations.

Building an airplane takes hundreds of thousands of components, and tracking them throughout the build lifecycle can be a nightmare. Using an IoT-centric blockchain, “Boeing holds complete provenance details of each component part.”

This helps by increasing transparency between multiple groups in the production process: manufacturing teams, aircraft owners, maintainers, and government regulators. In addition to optimizing engineering efforts, their IoT blockchain benefits issue resolution by minimizing aircraft turnaround time.

4. Medicalchain

Digitize health records and share access on the blockchain

Healthcare needs a kick in the butt. Not only is cost staggeringly high, but the industry suffers from improper diagnosis, terrible user experience, and continual patient safety concerns. Much of this can be fixed through improved data usage.

Medicalchain aims to use blockchain technology to securely store medical records. Using a distributed ledger for healthcare is a godsend as it allows doctors, hospitals, laboratories, pharmacists, and health insurers to have more immediate access to health records, which could help save lives. Medicalchain ingests MedTokens and is working on a complementary telemedicine platform MyClinic.com.

Granted Medicalchain is in an early stage; it’s still taking on pilot patients and practitioners and must build credibility on both fronts. That being said, it’s a great case study on the power of blockchain to disrupt an inefficient industry.

5. CargoConX

A blockchain for the logistics and transport industry

CargoConX‘s main selling point is allowing shipping logistics companies to “Uberize” their spare capacity in containers. For this to operate correctly, CargoConX uses smart contract technology based on blockchain to increase accountability amongst all partners.

Their CSS Connect API backbone drives six main modules to improve the shipping industry. As their documentation states:

“Smart Contracts between network participants and can guarantee payment via an escrow facility to all parties involved in the shipping journey, this occurs through trigger points and milestones setup in the blockchain Smart Contract.”

In midst of an ICO, CargoConX boasts 10 early adopters (significant for large B2B partnerships).

The Pseudo-Reality of Blockchain

Fortune says “blockchains will change the world,” and there is some truth to that. However, a lot is still untested — the Internet may not be as decentralized as Silicon Valley’s Pied Piper would like.

Don’t believe the hype. Sierra Leone actually did not hold the world’s first blockchain election. And regardless of how cool it sounds, we’re probably not a node in a universal blockchain created by aliens.

No doubt the blockchain buzz is turning heads and there is legitimate action. We’ve seen how multiple industries are implementing it to increase transparency, disrupt competitors, and streamline internal operations. Other credible use cases include smart legal contracts, solar power networks, distribution of government benefits, and digital payments.

Blockchain projects need time to receive funding, acquire users, and build out their platforms before they are evangelized. We’ll just have to wait and see which ones become a proven reality, and what stays as fiction.

 

 

Your kindly Donations would be so effective in order to fulfill our future research and endeavors – Thank you
https://www.paypal.me/ahamidian

%d bloggers like this:
Skip to toolbar