blockchain master

The United Nations Center for Trade Facilitation and Electronic Business (UN/CEFACT) released a white paper that looked into the possible benefits of the revolutionary technology. SDCExec reported that the body seeks to search for any benefits that could help their operations and improve the efficiency of businesses and organizations.

However, instead of focusing on its role in powering cryptocurrencies, UN/CEFACT chose to dive into the development of Blockchain-powered trade facilitation systems. This is to expand its supply chain automation campaign further.

Shift to the Future

It also searches for ways in which the technology can be used to speed up the transition from traditional paper-based systems into autonomous networks that are more efficient and accurate.

Reports stated that the U.N. body would use Blockchain as a means to transmit data across a more solid and secure supply chain network. Some of the types of data that can be transmitted across the network are invoices, consignments and shipping, insurances, and bills of lading.

The white paper added that a network which runs on distributed ledger technology could be used to store various permits and declarations in highly-secure vaults.It also identified issues that may hamper its development along the way. One of which is the flooding of data.

However, it also added that the UN/CEFACT’s current semantic standards could help avoid this problem. This is a major development not only for Blockchain tech but for cryptocurrencies as well as this will open the doors for expansion on the technology’s practical uses.



View of a Blockchain title with 0 and 1 data flying over. Source: Shutterstock.com

Continuous Development Is Needed

The study concluded by saying that more work needs to be done to ensure that they get to maximize Blockchain’s full potential in facilitating supply chain management systems.

Furthermore, the paper assured that UN/CEFACT would work closely with experts and national delegates to fully develop the technology.
https://blokt.com/news/un-plans-to-use-blockchain-for-global-trade-supply-chain

NEWS

Nikhilesh De   


Technology giant IBM is hiring nearly 2,000 people in France - and many of them will be focusing on blockchain technology, chief executive Virginia Rometty said Wednesday.In an interview with French news organization Le Monde, Rometty said IBM was hiring researchers for blockchain projects, among other focuses.

While she did not elaborate on what projects the researchers may be working on, she did note that the company currently works with Crédit Mutuel, Orange Bank, Generali, France's national railway system and Moët Hennessy Louis Vuitton SE (LVMH).During the interview, she said:

"In the next two years, we will hire 1,800 people in France at IBM. In January, we announced a project to recruit 400 people for research. These jobs will include AI, blockchain ... and the Internet of Things."

The move is just the latest in IBM's push to expand its blockchain research. Last week at CoinDesk's Consensus 2018 conference, the company announced it was partnering with environmental technology startup Veridium Labs to create a carbon credit token on the Stellar network.

Stepping back, the company has recently announced efforts to tackle advertising, humanitarian aid, business registries and even insurance, as previously reported by CoinDesk.

Note: Statements in this article have been translated from French.

IBM image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

This white paper is a review of the current state of the ICO (initial coin offering) phenomena that has emerged since 2013, and has now gone mainstream in the early part of 2017.

It discusses its benefits as an innovation, primarily to better enable open source communities to self-finance and realise new decentralised digital economies that are inherently less fragile when compared to traditional venture capital backed models.

It looks pragmatically at the flaws of ICOs and how they can be improved upon. In particular, we provide an analysis of a trend we are seeing organically emerge from the space called ‘Community Token Economies’ (CTE).

This is where multiple parties join forces to realise what we have termed Minimum Viable Community (MVC) in order to achieve network effects more efficiently and rapidly compared to going it alone.  Finally, we describe the implementation of a new framework being developed at Outlier Ventures to allow this to happen in a more structured and effective manner.

Our aim is to ensure these new digital economies are increasingly self-sustaining.
 

CONTENTS

1 The Opportunities & Challenges of Tokens  

2 Stronger Together: the Community Token Economy  

3 Main Concepts  

4 Planning and Phases  

5 CTE Economics  

6 Technical Scoping & Decision-Making  

7 Governance Models  8 Corporate Structuring  9 Bringing the CTE Concept to Life 

Download this Whitepaper here: https://outlierventures.io/cte-wp

Whitepaper introduction

Digital content distribution media rarely innovate primarily because they are benefited with their classic business model. An example of this is the controversial copyright laws, which some states have reformulated (under pressure from copyright management entities) to protect the interests of an industry that does not seem to understand the nature of the internet. The result is a series of tensions where the interests of traditional industry collide with the right to information and access to culture. As a reflection of this malaise in the last decades numerous “free software”, “open source” or “copyleft” movements have emerged.

All of them use copyright as a means to subvert the restrictions traditionally imposed by the copyright industry on the distribution and development of knowledge.

Download White Paper: 
http://creativechain.org/wp-content/uploads/2017/03/Whitepaper-Creativechain-1.2.pdf

Abstract. 

Blockchain-enabled smart contracts that employ proof-ofstake validation for transactions, promise significant performance advantages compared to proof-of-work solutions. For broad industry adoption, other important requirements must be met in addition. For example, stable backwards-compatible smart-contract systems must automate cross-organizational information-logistics orchestration with lite mobile wallets that support simple payment verification (SPV) techniques. The currently leading smart-contract solution Ethereum, uses computationally expensive proof-of-work validation, is expected to hard-fork multiple times in the future and requires downloading the entire blockchain. Consequently, Ethereum smart contracts have limited utility and lack formal semantics, which is a security issue. This whitepaper fills the gap in the state of the art by presenting the Qtum smart-contract framework that aims for sociotechnical application suitability, the adoption of formalsemantics language expressiveness, and the provision of smart-contract template libraries for rapid best-practice industry deployment. We discuss the Qtum utility advantages compared to the Ethereum alternative and present Qtum smart-contract future development plans for industrycases applications. 

Key words: smart contract, business network model, DAPP, mobile, information logistics, cross-organizational, peer-to-peer, distributed system, e-governance, Qtum framework

Download White Paper here: 
https://qtum.org/uploads/files/cf6d69348ca50dd985b60425ccf282f3.pdf