It will take a technological giant to kick off the blockchain: While Amazon and HTC have carried out blockchain projects, the reality is not that a technological giant has yet made the full immersion in the new technology. A new piece of opinion by Fortune claims that "it will take a technology giant like Apple to make large-scale blockchain payments". The article says that Apple "could exploit its existing relationship with the media to install a blockchain system behind the scenes, and kick-start adoption by providing free tokens to its broad user base." While the piece of Fortune admits that it is pure speculation on Apple, the piece points out that Facebook, Microsoft and Google are all working on some sort of encryption payment solutions.
The past, the present and the future of Chinese cryptography: An interesting new report published by Nasdaq reflects on the development of the country's digital currency, from being the "wild west" of the encrypted world to overseeing the largest and most regulated blockchain ecosystem in the world. At the beginning of 2017, the report states, 80% of all blockchain currency transactions were conducted in RMB and most of the world's encryption activities took place in mainland China. Today, RMB transactions represent just 1% of global trade volume and most global encryption operations are in Siberia. However, China has not just embraced the blockchain, but, according to the report, Beijing's financial lords have always been admirers of crypto-currencies, as a "secure online trading unit" that has "obvious advantages" and the report concludes that "It is only a matter of time until this tug of war between the Chinese government regulators and online operators will find a new field".
Busan Port starts the supply chain blockchain test: The Ministry of Science, ICT and Planning for the Future of South Korea along with its Ministry of Oceans and Fisheries, has launched a pilot blockchain project all year in the port of Busan to see if technology can make the more transparent, faster supply chains and allow shipping data to be shared securely and in real time. The port of Busan is the largest in South Korea and the fifth busiest in the world and if the project is successful, the blockchain initiative will be launched in ports across the country.
Crypto gets Hollywood treatment: According to Hollywood Reporter, a group of film companies set up Blockchain Global Entertainment Alliance, a non-profit organization focused on promoting blockchain technology in the global entertainment industry. Millennium Media's Blockchain Rouslan Ovtcharoff alliance member told Hollywood Reporter: "It has the potential to radically change the way our business is conducted as well as helping us solve the piracy problem."
Decline of the blockchain industry, what a difference it makes a year: This time last year, CNBC reports, Bitcoin was approaching $ 20,000, its highest price point, and blockchain jobs were booming. Today Bitcoin is around $ 3,300 and the blockchain sector is witnessing huge job losses. CNBC states that the data show "a massive increase in the number of jobs encrypted in 2017 followed by a crash in 2018" and states that the blockbuster Consensus services company has reduced 13% of its staff, while Steemit, a start -up blockchain, recently announced to lay off 70% of its workforce. So what will you bring next year?