Social Kapital Goes Further Than DAO in Security Concerns
June 20th, Social Kapital, a decentralized VC fund and business idea marketplace, is to launch its crowdsale campaign. The news comes after the immense success of The DAO, a similar company, that has just closed the largest recorded crowdfunding campaign in history. Whilst The DAO pursues the holy grail of complete automation on the Blockchain, Social Kapital places more emphasis on using the Ethereum Blockchain to power its community and governance committees. DAO success encourages followers. The DAO, a fintech industry phenomenon, has recently managed to secure more than $132 million in....
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Cointelegraph spoke with Sirus Knight, one of the experts at the core of Social Kapital, a decentralized VC fund and business idea marketplace similar to The DAO. On June 20th it launches a crowdsale campaign. Whilst The DAO wants to achieve the complete automation of the Blockchain, Social Kapital places more emphasis on using the Ethereum to power its community and governance committees. Here is what Sirus Knight had to say about their project, The DAO, and the nascent industry of decentralized organizations. Business processes important. CT: Do you think some other company can reach....
According to a study conducted by the US Department of Commerce, almost half of Americans are reluctant to shop online due to concerns over privacy and security. The study, conducted by the Department of Commerce’s National Telecommunications and Information Administration (NTIA), revealed that 45% of American households polled online reported limiting online activity because of security and privacy concerns. Fear of identity theft and government hearing unpopular opinions. According to the NTIA’s study, almost half of citizens were concerned about either transacting financially,....
The Chinese government is to use blockchain technology for social security payments such as unemployment benefits and pensions. According to China Daily, Wang Zhongmin, vice-chairman of the National Council for Social Security Fund states: “There’s no doubt that blockchain technology will be used in the social security system because of its valuable applications in the investment and management of social security funds.” The National Council for Social Security manages almost $300 billion with a budget increasing yearly by 24.6 percent. Due to blockchain’s ability to cut out middle men,....
China's state social security system is reportedly looking into how it could leverage blockchain technology. According to state-run newspaper China Daily, Wang Zhongmin, the National Council for Social Security Fund's vice chairman, the office is exploring the technology with the goal of reducing transaction costs. The article, while presenting a potentially notable development from China, had few details on what this integration would entail. Zhongmin said: "There's no doubt that blockchain technology will be used in the Social Security system because of its valuable applications in....
Social media continues to transform the world of communications and marketing. Platforms within the space currently enjoy some of the greatest popularity they have ever seen. October 2021 research from Global WebIndex reveals about 57.6% of the globe’s population uses social media, spending about 2 hours and 27 minutes on platforms each day. Usage spans across generational lines and demographics and unsurprisingly only spiked as COVID-19 lockdowns began to dominate the world. Additional research reveals the typical social media user participates on an average of 6.6 platforms. Some use....