Blockchain Daily Rundown

India’s Prime minister calls for rapid adaptation for “Disruptive” Blockchain

Narendra Modi, Indian PM, has labeled the blockchain as “Disruptive” while calling for quick adaptation as the technology is set to bring in some groundbreaking changes to India. The most powerful official from India also emphasized on the fact that digital empowerment runs parallel to digital inclusion. He was addressing an event with representatives from over 80 countries.

Jarrod Dicker makes a shift to Blockchain media company

The vice president of innovation and commercial strategy at the Washington post in a major job shift switched to be the CEO of blockchain media company Po.et.

According to Dicker, Po.et will work to serve media companies and other markets while helping content creators express their artistic capabilities.

Blockchain Bank accounts launched by ABN AMRO

One of the biggest Amsterdam based bank, ABN AMRO has launched a service wherein bank accounts will be assigned to particular individuals via blockchain in a bid to kill escrow accounts. This will be the first blockchain backed initiative taken by the bank. This service will enable the client with non-bank organizations to directly contact with the primary bank for clearance over a blockchain.

James Altucher is back but with a bang

Also known as crypto Genius, James Altucher, the controversial “Face of bitcoin” is on a mission to raise ten million dollars with his company, Bitzumi. Altucher plans to start a full time blockchain company that in addition to many other services will roll out a cryptocurrency exchange. The company also plans to launch a USD dominated cryptocurrency somewhere down the line.

Spain prepares to offer tax incentives to lure in blockchain firms

The government of Spain is in the process of luring in blockchain firms in to the country by offering tax incentives. A legislation is being worked on by the country’s ruling party, to lure in blockchain companies owing to the technological potential of blockchain in industries like deduction, health and finance.

South Africa Launches its first Blockchain PoC

The central bank of South Africa has started a new Ethereum based PoC (Proof-of-concept), to recreate interbank settlements. The project is backed by Ethereum. A blockchain developer from Brooklyn will be the in charge for wholesale payments using another Ethereum blockchain called the Quorum. The project aims at understanding of DLT’s (Distributed ledger systems).

There is a new network on the block

In these technologically advanced times, Social networking is cutting edges with people connecting across the globe. Social interaction is mainly dependent of social networking sites and the boom is evident. Social networks and technology go hand in hand. Blockchain is the talk of the town and a new social network, keeping pace with technological advances is born. Say hello to “Hellofriend”. HelloFriend is blockchain powered social networking platform with advisory members of MIT and Harvard background.  The platform offers incentives to encourage social activities.

Say hello to Brahma OS

Blockchain is breaking all the barriers and is considered one of the most powerful technological development of this time. This field is consistently mined for improvements and applications. This same advent gave birth to Brahma OS. IT works as an interface between the user and the computer, then goes on to operations and scheduling of the computer hardware resource. Brahma OS makes way for an architecture of all the blockchain applications based on the public distributed blockchain-Ethereum.

Casper is the solution to decentralized application

Casper API opens doors to the creation of mass data set repository. With the number of decentralized apps (DApp) crossing 1000 and the number ever so increasing, the data storage is coming up as an anticipated problem- Too much data, less storing space. Amazon, Google has gained popularity with the cloud storages they offer, but all the data is eventually stored in one repository that is owned by one provider, meaning the data is vulnerable and centralized.  Casper aims at decentralization by creating decentralized repositories and thus making the data less vulnerable.