Global markets continue to digest the impact of President Donald Trump’s Sunday evening tweetstorm. Meanwhile, analysts from some of the world’s biggest investment banks including UBS and Bank of America Merrill Lynch have detailed their forecasts for what a full-on trade war between the U.S. and China would look should the worst happen.
Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14.
Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET notes that the scope of the partnership is expected to expand to multiple industries and initiatives in the future.
The announcement has been made shortly after SingularityNET officially launched a beta version of its Ethereum-based decentralized marketplace on Thursday, Feb. 28. In January last year, the company also announced a partnership with agriculture-focused blockchain startup Hara at the World Web Forum.
Ping An is reportedly the world’s most valuable insurance company, it serves 170 million customers, and ranked tenth in the Forbes Global 2000 list of world’s largest public companies. As Cointelegraph reported in November last year, Ping An and the Sanya municipal government also signed a strategic cooperation agreement for “Smart City” construction involving blockchain.
The press release notes that Ping An’s “One Minute Clinics” for medical consultations, which are unstaffed and use AI, are already in use in eight Chinese cities.
[Disclosure: I used to have a small amount of Ethereum (Ether), but now I have absolutely zero Ether]. Your eyes are not deceiving you, the disclosure above is usually printed at the end of any article by any Forbes writer when the subject matter is about cryptocurrencies. In this case, I am confirming that I now have no Ether, but I did have some until my crypto wallet was hacked around six weeks ago. In the interim period, I know now more than most about the lack of crypto security and how it’s virtually impossible to retrieve funds after they’ve been stolen. It’s an interesting story, it’s just highly annoying that it happened to me…………..
Santander Bank, the Spanish multinational commercial bank, and BBVA, the multinational Spanish banking group, are among the first banks to be invited to a blockchain forum organized by the European Commission in Brussels. The European Commission in Brussels is launching the International Association of Applications of Blockchain (IATBA), to promote blockchain.
The IATBA is expected to be established in the first quarter of 2019, and so far 5 banks will be a part of the association, although more are expected to be invited. Europe is making consistent moves towards supporting blockchain; in April 2018 the European Blockchain Alliance was formed, with 27 European countries joining. The aim of the alliance is “to develop a reliable, secure and resilient European blockchain infrastructure.”
This news highlights a positive trend towards blockchain in Europe. Because of EU legislation, European countries are best served by working together in forming blockchain initiatives. Different countries in the EU may have different experience levels with blockchain and have experienced different levels of participation from their citizens. By all coming together, they can share ideas about what is working in their countries, the attitude towards blockchain in their countries and form a plan for the future.
Countries around the world are scrambling to find ways to regulate cryptocurrency without suppressing it. The EU has historically had tight regulation laws, so it makes sense for countries in the block to collaborate, otherwise, they may find themselves outside of the law and playing catch up once regulations come in. You can drive more change from the inside than from the outside, which is why Santander and BBVA are probably excited to be a part of the early discussions.
It is also increasingly looking like blockchain is an area Europe may want to invest in, in terms of technological application and advancement. Getting these discussions going to Brussels, will likely lead to the pro blockchain sentiment filtering down through the individual governments. This will likely lead to universities funding research into blockchain applications, in order to get ahead in this exciting new area. The has been rumors that scientific and technological research has been declining in Europe in recent years, and with Brexit, the EU is set to lose some of its best Universities (Oxford, Cambridge, LSE, UCL). With this in mind, it would be a good idea for Europe to showcase its world leaders in tech and invest in research in the blockchain.
The University of Tokyo will launch a blockchain course following a donation of nearly $800,000 from several companies, including Japanese banking giant Sumitomo Mitsui (SMBC) and the Ethereum Foundation, Cointelegraph Japan reports Nov. 21.
In a Nov. 20 press release, SMBC lists five more contributors, apart from itself and the Ethereum Foundation, who contributed to the donation: Good Luck 3, JSS, Zipper, Hotto link, and Money Forward. The banking group does not disclose the details of 90 million yen donation, nor did it reveal the main contributor.
According to the press release, the education course, dubbed “Blockсhain Innovation Donation Course,” in the graduate school of engineering at the University of Tokyo will last three years: having begun Nov. 1, 2018, it will run until Oct. 31, 2021.
The course has been developed for students who aim to become blockchain-related entrepreneurs. It is focused on the development of decentralized solutions, their social implementation, and human resources. The module will combine lectures and practice, such as establishing an information and communications technologies (ICT) service or developing a blockchain-driven business model.
As Cointelegraph has frequently reported, blockchain is of interest for many universities across the world. According to a recent study by Coinbase, 42 percent of the world’s top 50 universities offer at least one crypto-related class, while blockchain-related courses enjoy the most popularity at Stanford and Cornell in the USA.
Most recently, several blockchain-related courses have been launched by the University of Gibraltar, New York University and German Frankfurt School.
The Ethereum Foundation, a non-profit launched to support projects on the Ethereum blockchain, announced the fourth wave of its grants awarded to 20 different persons and entities mid-October. The total amount of awards surpassed $3 million, with the biggest grants worth $500,000 given to Prysmatic Labs and Status, both working on the Ethereum 2.0 ecosystem first announced by co-founder Vitalik Buterin in November 2017.
EOS, the second most used blockchain for smart contracts recently announced the release of a new protocol built on top of its blockchain that improves support for developers on, as per a post on November 19, 2018. EOS, the second most used blockchain for Smart Contracts recently announced the release of a new protocol built on top of its blockchain that improves support for developers.EOS started from an ERC-20 Smart contract on the Ethereum network which allowed to distribute the native currency for the EOS Blockchain even before it was developed………
A document published Nov. 12 on the official website of the Cyberspace Administration of China (CAC) calls on the country to “accelerate” the development of standards for the blockchain industry. The text has been authored by the Ministry of Industry and Information Technology (MIIT)’s Zhou Ping, who is also secretary general of the China Blockchain Technology and Industry Development Forum and director of the Software Engineering and Evaluation Center at China’s Electronics Technology Standardization Research Institute…………
Ping An Insurance Group, a highly reputed China-based insurance corporation has joined forces with the Sanya municipal government to develop a “smart city” that would be powered by blockchain technology, artificial intelligence (AI) and other new technologies,” according to a local news source, People’s Daily on November 14, 2018. Per sources close to the matter, in a bid to contribute its bit to urban development in China, Ping An Group has reportedly inked a strategic agreement with Sanya Municipal People’s Government to construct a “Smart City” run entirely by innovative technologies including the revolutionary blockchain technology, big data, artificial intelligence, and others…………..
Skirting the Great Wall, Part Three: The Paradox of Cryptocurrencies in China https://www.pivot.one/share/post/5be97852cd5ee726e14c46d4?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV