Last week, we talked to three security experts about how to design smarter, smarter smart contracts. Google is plunging the tip into blockchain waters by introducing additions for applications built with Ethereum and Hyperledger. The financial sector was even more affected by the Digital Chamber of Commerce White Paper to help cryptocurrency and ICO markets grow responsibly. Finally, 17 tons of almonds have moved from Australia to Germany with real time monitoring and verification on the blockchain.
Featured stories by Jimmy Aki, Colin Harper, Marianne Lehnis and Nick Marinoff
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Audit and Quality Assurance: Patching the Holes in Smart Contract Security
In the most notorious hacking of the smart sector to date, the DAO, a decent venture capital fund, lost 3.6 million in A in June in 2016 and the fallout of the attack saw Ethereum hard fork recovering new losses.
Bitcoin Magazine talks to security experts Hartej Sawhney, co-founder of Hosho, Dmytro Budorin, CEO of Hacken, and believes that security can slip in the eyes of software engineers because "they do not have a guarantee of quality (QA) mentality. "Dmytro Budorin, CEO of the cybersecurity community Hacken, and Amy Wan, CEO and co-founder of Sagewise, on how the comapnies can ensure the safety and quality of their smart contracts, as well as the role of community in
Behlendorf: Google can take advantage of the "High-speed development on fabric"
Google is following a similar path undertaken by Amazon Web Services, Microsoft Azure and cloud hosting services offered by Oracle, Huawei and IBM for offer ready-made models for their "blockchain as a service" offers. The latest technology giant to offer blockchain technology to its customers.
In an interview with Bitcoin Magazine Hyperledger's executive director, Brian Behlendorf, spoke about Google's decision and how the open source nature, maturity and flexibility of Hyperledger Fabric adapt to Google strategies.
"Eating Their Lunch:" Blockchain Upstarts Challenge Investment Banks
Blockchains promises to make international money transfers cheaper and faster for all parties involved. Once the technology has demonstrated its speed and scalability, investment banks and international settlements will no doubt become increasingly comfortable as transaction partners.
Thomas Levene, founder of Best Blockchain Consultancy Consultations, discusses how major investment banks could realize savings of $ 10 billion using blockchain technology and how new blockchain companies are challenging the status quo.
Out ICO and Token Guidelines Digital Chamber of Commerce
The Digital Chamber of Commerce's Token Alliance is producing a new set of guidelines created to help cryptocurrency and initial money supply markets (ICOs) grow responsibly . The founder Perianne Boring tells Bitcoin Magazine how regulations could introduce legitimacy and protection in a landscape still obscured in popular opinion by skepticism and doubts made even more obscure by continued manipulation and fraud.
Issued as a whitepaper, the report is entitled "Understanding digital tokens: market overviews and guidelines for politicians and professionals". The document specifically addresses "utility tokens", which provide users with future access to products or services. In these cases, ICOs will raise money for new blockchain products by offering investors the future use of the items being developed (usually at a discounted rate).
An Australian blockchain experiment: monitoring global almond shipments
Following a successful test of blockchain technology in an open interbank account transaction, the Commonwealth Bank of Australia (CBA) has worked with five companies international and Australian companies to ship 17 tons of almonds from Melbourne, Australia, to Hamburg, Germany, using a new accounting platform distributed the Ethereum blockchain.
The expedition arrived in Western Europe in a pioneering experiment that combined a private blockchain, smart contracts and an Internet of Things (IoT) structure for geotracking to facilitate end-to-end almond movement. Using the joint solution, the whole process was traced and verified transparently from the point of origin to real-time delivery.