Digital Assets to Replace Fiat by 2030 / 80+ Japanese Banks & JPMorgan / Ethereum’s Istanbul Hard Fork Live
December 11, 2019
Coming to you live from Edge Computer World in Mountain View this week. We’ve seen a lot of movement in the Blockchain / DLT landscape recently. So much that today, I’ve released the updated Q4 2019 edition Blockchain landscape highlighting over 620 unique companies in the industry. Download your free copy of it today.
Let’s dive deeper into this week’s edition — Deutsche Bank sees 2030 as the year when the demand for alternative currencies will rise, with digital currencies eventually replacing cash AND the number of digital wallets rising over 200 million! Ethereum’s Istanbul hard fork went live this week. More than 80 banks in Japan have shown interest in joining JPMorgan’s blockchain payments platform. Brave saw its monthly active users (MAU) almost double between 2018 and 2019 to 10.4 million. China’s central bank is testing digital currency in two cities…
In the DApps landscape, we’re talking about decentralized storage and smart contracts. Binance Acquires dApp Analytics Platform, DappReview. Microsoft Azure announced the Azure Heroes blockchain non-fungible tokens (NFT). Plus updates from Enigma & Chainlink, Binance & Loom. We even found room to cram in plenty of research (Q4 2019 Blockchain Landscape) & books (on Digital Assets & Enterprise Blockchain) along with insights on venture capital (new funds!!), infrastructure, DApps, Bitcoin, Economics, Exchanges, and Stablecoins. For MORE and to keep you up to speed, here’s a snapshot of the top stories this week around the industry.
According to recent research from Deutsche Bank, By 2030, the demand for alternative currencies will rise, with digital currencies eventually replacing cash. Deutsche Bank strategist Jim Reid raised awareness of the challenges the existing fiat system has encountered in recent years, specifically with the emergence of cryptocurrencies…read more
The ethereum hard fork has been completed successfully, as the target block 9069000 arrived on schedule, at 0:25 UTC. Istanbul is the network’s eighth hard fork overall, with the first code changes being approved in June 2019. Istanbul includes six Ethereum Improvement Proposals (EIPs), specific code changes to the ethereum protocol, including EIPs 152, 1108, 1344, 1844, 2028, and 2200…read more
More than 80 banks in Japan have shown interest in joining JPMorgan’s blockchain payments platform, the Interbank Information Network (IIN). Daizaburo Sanai, an executive director at JPMorgan, said IIN might help Japanese banks combat money laundering risks as the network makes the screening of cash recipients “faster and more efficient.”…read more
Privacy-oriented blockchain web browser Brave has seen its monthly active users (MAU) almost double from 5.5 million in 2018 to 10.4 million in 2019. At the same time, Brave’s daily active users (DAU) have tripled over the past year to reach 3.3 million. Alongside a spike inactive users, Brave also recorded a 12-time increase in verified publishers that are registered to receive Brave’s built-in tokens — Basic Attention Tokens (BAT) — for sharing content…read more
According to the article, blockchain technology is impacting the supply chain ecosystem by reducing cost, enhanced traceability, and greater transparency. This means a lot even for giants like Walmart, Carrefour, Nestle, and Dole, all of which are part of IBM’s Food Trust provenance project…read more
The Bitfury Group launched Exonum Enterprise, the first such blockchain built from the ground up to let large corporations streamline their business and increase transparency using the bitcoin blockchain…read more
The Streamr Network, which owns blockchain development firm Tomorrow Explored (TX), has partnered with international charity WWF and Filipino bank UnionBank to launch Tracey — an app that allows fishermen to track their catches. The Tracey app, which can be used to store fishing data on the blockchain, will be made available to fishing communities in the Philippines, with the first pilot launching mid-2020…read more
🇨🇳 China’s central bank to test digital currency in two cities, partnering with state-backed commercial banks and telecom giants
The People’s Bank of China (PBOC), the country’s central bank, will soon test its much-anticipated digital currency electronic payment (DC/EP) in the cities of Shenzhen and Suzhou, according to a report from Chinese financial news outlet Caijing. According to the report, PBOC has partnered with seven state-owned companies to roll out the test. including four commercial banks and three telecom giants.…read more
Research To Read This Week:
📖 Blockchain Is Not China’s Future — It’s The Present (MASSIVE REPORT)
In an Oct. 24 address to the Communist Party of China (CPC) Central Committee, President Xi Jinping stressed the importance of blockchain technology as a pillar to the country’s next decade of industrial development. While domestic businesses were familiar with the technology and many were already using it, efforts must accelerate for China to play a leading role in the creation of international blockchain standards. Days after Xi’s address, China Center for International Economic Exchanges Executive Vice President Huang Qifan said at the China Finance 40 Forum that the People’s Bank of China was in the final stages of preparing to launch its digital currency now formally known as digital currency electronic payment (DCEP). At this rate, China is on track to be the first country to launch a central bank digital currency, though other central banks are now making progress in this field.…read more
More For Your Week:
DApps (Decentralized Apps) Watch
Today, in practice, crypto is still used mostly for speculation. Without real mass adoption, the value proposition of magic internet money, DeFi, Web 3.0 and all other promising blockchain ideas will remain largely unfulfilled. Scalability is not merely transaction throughput, but the overall readiness of blockchain systems to meet the demands of millions of users. Let’s consider three of the hardest problems in expanding the blockchain revolution to the masses.…read more and for more from Alex Gluchowski & Matter Labs
Microsoft’s blockchain supported cloud platform Microsoft Azure announced the Azure Heroes blockchain non-fungible tokens (NFT). The tokens represent cartoonish badgers and aim to compensate for positive behavior in Azure’s community. Each badger has a limited supply ranging from just 100 units to 10000. Non-fungible tokens or NFTs are a blockchain-based token that cannot be replaced for something else and is unique. Microsoft created these tokens on the Ethereum blockchain in collaboration with blockchain gaming startup Enjin…read more
Enigma & ChainLink teams have announced a new collaboration, focusing on the integration of their protocols to enable powerful new use cases for secret smart contracts. By enabling the connection between the two networks, novel solutions can emerge to some of the biggest problems facing the blockchain space, particularly privacy, scalability, and external connection…read more
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Digital Assets to Replace Fiat by 2030 / 80+ Japanese Banks & JPMorgan / Ethereum’s Istanbul Hard… was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.