Honeywell Tracking $1Bn Parts On Blockchain / Morningstar rates first Ethereum security with Fatburger / A16z & Coinbase Ventures To Build on Celo
March 11, 2020
Jumping right into this week’s edition as once again some mega moves were made within the landscape. The landscape leveled-up again this past week with more details from the Microsoft, EY and ConsenSys announcement of their Baseline Protocol initiative. Honeywell let us know they are now tracking $1 Billion in Boeing parts on a blockchain. Morningstar rates first Ethereum security with $40 million Fatburger deal. Brave Browser can now redeem BAT for rewards at Uber, Amazon and Apple. IBTimes released a great list of blockchain projects & companies to watch this year in 2020. South Korea passes one of the world’s first comprehensive cryptocurrency laws. Ethereum’s ProgPoW debate heats up beyond mining. A16z and Coinbase Ventures join an alliance to build financial apps on top of Celo. Plus updates from TokenData, HyperLedger, Horizon Games, CryptoKitties’ Dieter Shirley on Ethereum and NFTs, and ShapeShift presents their list of nine women who are redefining the industry. For MORE and to keep you up to speed, here’s a snapshot of the top stories this week around the industry.
BONUS: I recently released the latest Q1 2020 edition of my Blockchain Landscape Map (included below for download) that provides an overview of the industry highlighting over 900 global companies, venture funds, and working groups. If this is the first version you’ve seen of the landscape, consider it your guiding roadmap to further navigate the industry. Get it here in Hi-Res for free!
The multinational aerospace conglomerate Honeywell has decided to use Boeing’ s GoDirect platform, a blockchain platform, which will track and sell $1 billion worth of excess airplane parts using blockchain technology. The aviation parts would each have paper “birth certificates,” and require a considerable documentation process for transferring to another at the time of an online sale. With the new platform, layers of the supply chain are connected into a single, shared ledger of transactions that transparently and efficiently tracks their movement…read more
IBTimes published a list of blockchain projects & companies to watch in 2020. This year’s list includes TRON, Skrill, Waves, Simplex, FortuneJack, ILCoin, Plutus, Matic, Sinovate, Kapilendo, Wirex, and BitHolla. Each of the projects is expected to have a breakout year in 2020…read more
Investment rating giant DBRS Morningstar for the first time rated securities issued on a blockchain (ethereum) thanks to a $40 million capital infusion into Fatburger. While the rating itself is on a traditional paper debt security that closed on Friday, Morningstar cited faster access to data about the securities as a result of the increased transparency from using ethereum in its rating document, paving the way for a more pure class of crypto-assets native to the blockchain…read more
Everything is about to change soon as some of the largest players in the blockchain space like Microsoft, EY and ConsenSys are taking on the public Ethereum blockchain with their initiative called Baseline Protocol. This is a major development in the space because the initiative is taking a completely different approach than previous efforts. In the past, enterprises were looking at the blockchain network mostly as a settlement layer, a place to store the final state of their transactions…read more & check out more by Biser Dimitrov
Users of Brave’s desktop browser will soon be able to redeem their BAT for real-world rewards, thanks to the company’s partnership with the TAP Network. According to an announcement shared with CryptoSlate, all BAT earned through Brave’s Reward program can be redeemed for gift cards from hundreds of national brands including American Airlines, Hotels.com, Uber, Starbucks, Amazon, Apple, and Walmart.…read more
Arweave’s permaweb (The Arweave Project), which stopped censorship of coronavirus from apps like Weibo, has raised funding of $8.3 Million from Andreessen Horowitz (a16z), Union Square Ventures (USV) and Coinbase Ventures. The company sold investors its blockchain’s tokens rather than providing traditional equity in exchange for cash. In addition, the company is also launching Arweave Boost, which gives $50,000 worth of free storage to startups and projects trying to build on the permaweb…read more
The team BLOCKDATA took the time to provide a full breakdown of Forbes latest Blockchain 50 for us to grab all the insights into the most popular use cases and development platforms on this year’s list. Compared to last year’s list, 24 companies have been added and removed from last year’s list with new entrants, including General Electric (GE), LVMH, Aon, and Chinese tech giants Baidu and Tencent. Notable companies not included on this year’s list, Oracle, MetLife, Visa, Maersk, and many others…read more
🎙️ Join me next week on Wednesday, March 18th as I host an AMA session with Thomas Bertani of Provable Things. Stay tuned!
The South Korean National Assembly has passed new regulations that will offer a framework as well as the legalization of cryptocurrencies and exchanges. The new law will authorize Korea’s financial regulators to effectively oversee the nascent industry and develop rules around anti-money laundering, among other processes. The move of passing the cryptocurrency legislation is a victory for the Korean startup ecosystem…read more
Agriledger, a blockchain outfit based in the UK, has announced a blockchain ecosystem for farmers in Haiti, bringing clarity to the supply chain while bolstering sales. The approach is to create trade and financial opportunities for farmers, ensuring that they receive adequate pay for their crops. The company plans to build a software-as-a-service (SaaS) platform in which suppliers and retailers can interact with one another…read more
More For Your Week:
DApps (Decentralized Apps) Watch
The progressive proof-of-work (ProgPoW) debate on Ethereum caught fire on Friday when the Ethereum Improvement Proposal (EIP) 1057 moved forward, surprising many in the greater Ethereum world, such that Vitalik Buterin himself called it “ninja re-approved.” The fork happens when there’s no consensus between miners about which chain leading to split in the chain (again) similar to the 2016 DAO hack, which led to the creation of ethereum classic (ETC). If developers are Ethereum’s reluctant legislators, then miners are its distributed, decentralized executive branch…read more
Dapper Labs, the company behind CryptoKitties is moving among several startups looking to build protocols that will unseat Ethereum as the blockchain of choice for a variety of applications. The reason Dapper Labs switched over from using Solidity, Ethereum’s native language, isn’t only scaling limitations; but also limits what you can do with smart contracts. Also, the team wanted to use a more “consumer-oriented” platform that can handle gaming volume without clogging the network…read more
The staking has found its identity as a near-riskless yield offered by some blockchains that entice long term holding and enables distributed consensus in a much more cost-effective and energy-efficient manner than alternatives. Although, understanding staking as a blockchain-enabled breakthrough, which has the potential to reduce significantly, or even eliminate, the need for trust in labor markets, has become one of the most limiting factors for scaling. But by removing this need for trust, staking enables decentralized digital labor markets of unprecedented global scale…read more
🚨 State of the Blockchain Industry Q1 2020:
Available now, download your hi-res copy of the Q1 2020 edition of the Blockchain Landscape Map. This is now the fifth edition of the landscape I’ve released and includes 747 companies (900+ total unique companies including broader key Ecosystem players) and more than $22 bn in funding raised across the landscape from 2010–2020 — over $18 bn invested since 2017! — Noticeable cycles emerging and full breakdown available.
A full 60 min video overview of the landscape is now available here and free for all. In the video, I breakdown the 2020 landscape, provide a summary of 2019, emerging trends for 2020, DeFi, Libra, CDBCs, Stablecoins, DApps, and more!
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Honeywell Tracking $1Bn Parts On Blockchain / Morningstar rates first Ethereum security with… was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.