Disrupting the Disruptors: Why Experts think the Blockchain will rock Uber and Airbnb

Disrupting the Disruptors: Why Experts think the #blockchain will rock Uber and Airbnb

  • And while the vast potential of blockchain technology is known in the ‘crypto’ world, many people do not necessarily appreciate the potential that this technology has to completely disrupt longstanding companies and institutions throughout the world.
  • This becomes doubly true when talking about sharing economy services like Uber and Airbnb — the distributed ledger that is the blockchain is well-suited to take over the types of transactions that happen within these services.
  • A: Shared economy companies are inherently open and willing to take advantage of blockchain technologies, because by nature they are usually disruptive entities in their own right with a given marketplace or ecosystem.
  • The problem of giving management of security of user authentication to any trusted party is the potential of breaches, as we’ve seen in numerous examples with larger retailers and credit cards, as well as service providers with and login a distributed ledger and no trusted authority, this problem can be…
  • A: There are many exciting aspects of blockchain technology that can be particularly effective and exciting for sharing economy companies, providing the ability for various parties to make an exchange data without the oversight or intermediation of a third party.

There are already over 1174 listed cryptocurrencies on CoinMarketCap as of October 2017 and that number grows every week (1). And while the vast potentia…
Continue reading “Disrupting the Disruptors: Why Experts think the Blockchain will rock Uber and Airbnb”

Disrupting the Disruptors: Why Experts think the Blockchain will rock Uber and Airbnb

  • And while the vast potential of blockchain technology is known in the ‘crypto’ world, many people do not necessarily appreciate the potential that this technology has to completely disrupt longstanding companies and institutions throughout the world.
  • This becomes doubly true when talking about sharing economy services like Uber and Airbnb — the distributed ledger that is the blockchain is well-suited to take over the types of transactions that happen within these services.
  • A: Shared economy companies are inherently open and willing to take advantage of blockchain technologies, because by nature they are usually disruptive entities in their own right with a given marketplace or ecosystem.
  • The problem of giving management of security of user authentication to any trusted party is the potential of breaches, as we’ve seen in numerous examples with larger retailers and credit cards, as well as service providers with and login a distributed ledger and no trusted authority, this problem can be…
  • A: There are many exciting aspects of blockchain technology that can be particularly effective and exciting for sharing economy companies, providing the ability for various parties to make an exchange data without the oversight or intermediation of a third party.

There are already over 1174 listed cryptocurrencies on CoinMarketCap as of October 2017 and that number grows every week (1). And while the vast potentia…
Continue reading “Disrupting the Disruptors: Why Experts think the Blockchain will rock Uber and Airbnb”

A Beginner’s Guide to Bitcoin

  • Bitcoin is an emerging encrypted form of digital money, or cryptocurrency, that’s growing in popularity and value internationally.
  • As bitcoin has gained popularity around the world, investors started funding and trading with companies operating in bitcoin and has since created a bitcoin marketplace, much like the stock market.
  • The bitcoin bubble is no different.
  • Regardless of my personal feelings about it, the market cap is $137B today and just passed a significant threshold where 1 bitcoin equals over $4,000 USD.
  • A lot hinges on how much of bitcoin can stay true to its current form with the presence of oversight.

Originally posted at TheMenloHouse.com.
It’s possible that in the last few years, you’ve stumbled across a person or company that uses bitcoin. But…
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Bitcoin: Mexico readies bill to regulate fast-growing fintech industry

  • Mexico would regulate its fast-growing financial technology sector, including firms that use crypto-currencies like bitcoin, to protect consumers and spur competition, under a proposed bill seen by Reuters.
  • The proposed legislation, which Mexican President Enrique Pena Nieto said this month would be unveiled in the Senate before Sept. 20, seeks to ensure financial stability and defend against money laundering and financing of extremists.
  • The new measures will allow Mexico to join a small list of countries, including the United States and Britain, that have sought to regulate fintech firms.
  • Financial services firms envisage massive potential growth in Latin America’s No. 2 economy by reaching the more than 50 percent of Mexico’s roughly 120 million citizens without bank accounts.
  • “This (legislation) recognizes the need that a sector as dynamic as that of technological innovation needs a regulatory framework that allows authorities to mitigate risks and allow for growth in a competitive environment,” the bill draft says.

Mexico would regulate its fast-growing financial technology sector, including firms that use crypto-currencies like bitcoin, to protect consumers and spur competition, under a proposed bill seen by Reuters.
Continue reading “Bitcoin: Mexico readies bill to regulate fast-growing fintech industry”

Cappasity Set to Unveil World’s First Blockchain Platform for AR/VR/3D Content

  • Cappasity, the leader in delivering an in-store browsing experience to online retail through interactive 3D images, announced today it is developing an AR/VR blockchain ecosystem designed to enable fast and easy AR/VR/3D content creation.
  • The platform will be powered by ARToken (ART), a virtual currency for trading the content inside the ecosystem.
  • Cappasity will leverage the blockchain to become the global 3D/AR/VR content exchange ecosystem for the users, developers and businesses who will benefit from 3D image creation, embedding and trading.
  • Cappasity ARTs can be earned by creating and sharing 3D/AR/VR content, and be used to buy or rent it.
  • The platform will allow 3D content creators and distributors to monetize and share the fruits of their creativity via a tokenized ecosystem.

Cappasity, the leader in delivering an in-store browsing experience to online retail through interactive 3D images, announced today it is developing an AR/VR blockchain ecosystem designed to enable fast and easy AR/VR/3D content creation.
Continue reading “Cappasity Set to Unveil World’s First Blockchain Platform for AR/VR/3D Content”

‘THIS IS NOT A DRILL:’ A Hacker Allegedly Stole $32 Million in Ethereum

[NEWS] THIS IS NOT A DRILL: A Hacker Allegedly Stole $32 Million in #Ethereum

  • According to a post by Parity founder Gavin Wood in the official chat channel for Parity, an ethereum client, a “critical” vulnerability in Parity led to at least three accounts being compromised by a hacker for a total loss of $31,725,019 USD worth of ether.
  • Specifically, Wood wrote, the vulnerability affected the contract used to create multi-signature ethereum wallets in Parity 1.5, the latest release.
  • There are ongoing efforts to secure funds in other potentially vulnerable wallets, Wood wrote, but those folks “will make an announcement in their own time.”
  • In other words, there may be other wallets affected by the hack than the three cited by Wood, but it’s not yet clear which were cleaned out by thieves, and which had their funds funneled out by good-guy hackers who may return them later.
  • As for a fix, Wood wrote in the Parity chat that the team will be releasing a fix “ASAP,” but in the meantime advised users with multi-signature wallets created with Parity to move their funds to a secure address.

It’s the second alleged hack this week.
Continue reading “‘THIS IS NOT A DRILL:’ A Hacker Allegedly Stole $32 Million in Ethereum”

‘THIS IS NOT A DRILL:’ A Hacker Allegedly Stole $32 Million in Ethereum

'THIS IS NOT A DRILL:' A hacker allegedly stole $32 Million in ethereum:

  • According to a post by Parity founder Gavin Wood in the official chat channel for Parity, an ethereum client, a “critical” vulnerability in Parity led to at least three accounts being compromised by a hacker for a total loss of $31,725,019 USD worth of ether.
  • Specifically, Wood wrote, the vulnerability affected the contract used to create multi-signature ethereum wallets in Parity 1.5, the latest release.
  • There are ongoing efforts to secure funds in other potentially vulnerable wallets, Wood wrote, but those folks “will make an announcement in their own time.”
  • In other words, there may be other wallets affected by the hack than the three cited by Wood, but it’s not yet clear which were cleaned out by thieves, and which had their funds funneled out by good-guy hackers who may return them later.
  • As for a fix, Wood wrote in the Parity chat that the team will be releasing a fix “ASAP,” but in the meantime advised users with multi-signature wallets created with Parity to move their funds to a secure address.

It’s the second alleged hack this week.
Continue reading “‘THIS IS NOT A DRILL:’ A Hacker Allegedly Stole $32 Million in Ethereum”