Top 5 news of the blockchain industry

Greetings! In today’s digest – Santander and BBVA to join EU blockchain platform, blockchain quality management system pilot completed by Swiss federal railway, John McAfee is the most influential crypto trading figure, multi-trillion dollar idea, Singapore to offer seed funding to enterprises to boost blockchain adoption. 

Santander and BBVA to join EU blockchain platform

Two of Spain’s largest banking groups, Banco Bilbao Vizcaya Argentaria and Banco Santander, are set to join the latest European blockchain platform. BBVA and Santander are the first two confirmed banks to join the IATBA.

Develop a reliable, secure and resilient European blockchain infrastructure that meets the highest standards in terms of privacy , IT security , interoperability and energy efficiency , and that complies with EU legislation.

Blockchain quality management system pilot completed by Swiss federal railway

Swiss Federal Railway, the national railway company of Switzerland, has completed a new proof-of-concept of a blockchain quality management system. SBB’s new system was developed in partnership with blockchain firm Linum Labs. It is designed to improve the current process of managing the credentials of workers, which is used to be fully manual and paper-based.

SBB and Linum Labs hope that the various components of this work can be fully open sourced in order to spur exploration of different use cases that build on the same simple interaction design: an authority issues a credential to an individual, which can be easily and securely verified with a tamper-proof log.

Survey finds John McAfee is the most influential crypto trading figure

Blockchain-focused research company Clovr surveyed 500 self-proclaimed blockchain enthusiasts about the influencers they follow. People were asked to choose from a list of nearly 80 influencers and their preferences were combined with the total number of followers each industry figure has on Twitter, Facebook, Instagram and Youtube. John McAfee was found to be the most influential figure, followed by Ethereum founder Vitalik Buterin at number two and Litecoin creator Charlie Lee in the third spot.

The researchers note that out of 500 respondents in total, 26 percent were female and 74 percent were male. Participants ranged in age from 18 to 73, with an average age of 32 years. About 42 percent of respondents reported as Republicans and 56 percent as Democrats, with all other political parties excluded from the results due to insufficient sample sizes.

Cryptocurrency is a “multi-trillion dollar idea” 

Spencer Bogart, a partner at Blockchain Capital, a venture capital firm, said that despite the long bearish cycle in the cryptocurrency market, cryptoactives still have enormous potential. The expert still holds positive predictions about the future of Bitcoin, noting the critical role of “programmable money”, whose popularity will continue to grow.

Bogart views cryptocurrencies as “multi-trillion dollar idea,” and notes the fact that Bitcoin showed the largest increase in the entire history of financial markets – from $ 1,000 to almost $ 20,000 in just one year.

Singapore to offer seed funding to enterprises to boost blockchain adoption

The government of Singapore will offer financial incentives in order to grow the blockchain ecosystem in the country. The Infocomm Media Development Authority (IMDA) which falls under Singapore’s Ministry of Communications and Information will offer seed funding to players in the media and ICT sector. This is with a view of incentivizing them to develop platforms which link special interest groups in the blockchain space, solution providers as well as other related groups.

Per the IMDA, blockchain adoption has largely been restricted to the financial sector and there are few, if any, large-scale successful cases that exist outside banking and insurance. In IMDA’s view, this has hampered the adoption of blockchain in other sectors due to lack of interoperability.


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