The Blockchain 'Industry' Stripped the Innovation of THE Innovation
There is much discussion today about multinational firms entering into the blockchain space. They, in fact, with their deep pocketbooks, created an entirely new Industry: the blockchain industry. At industry events, many topics are explored, most notably centered on the ways in which forms of blockchain technology could make more efficient the business and government processes of today, from bank transfers to verification to data storage. Is it a Blockchain? At the heart of much of this discussion regarding blockchain innovation is end-to-end encryption and multi-signature transactions.....
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The chairman of the Australian Securities & Investments Commission (ASIC) has encouraged regulators around the world to embrace blockchain innovation, the technology that underpins bitcoin. ASIC chairman Greg Medcraft has spoken about the potential and promise that blockchain technology holds, urging regulators around the world to “start thinking about” blockchain innovation, during a recent industry meeting at Madrid. Besides his role as the ASIC chairman, Medcraft is also the chairman of the International Organization of Securities Commissions (IOSCO). Suffice to say, the endorsement....
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