Article: Blockchain provides major boost to speed of China-Europe rail trade

Blockchain, Governance, Innovation

Blockchain provides major boost to speed of China-Europe rail trade

A staff member at ICBC told reporters the benefits of the blockchain-enabled system made it a reliable platform for hosting and tracking trade data.

“We take advantage of blockchain’s merits, such as its tamper-proof nature and timestamps, to form reliable trade data. That can greatly improve the financing capabilities of small and medium-sized foreign trade enterprises,” they said.

The past decade has seen radical changes in how global trade is executed, said Chen Ran, of the Chengdu International Inland Port Operation, who added, “Compared with 2007, we now have the support of blockchain, the Internet of Things and big data, which can help track logistics and significantly lower the risk of cargo damage. So there’s better protection for both the banks and the customers.”

Read full article

Article: The chicken or the egg: Why NFTs could be fungible after all

Crypto

The chicken or the egg: Why NFTs could be fungible after allThe chicken or the egg: Why NFTs could be fungible after all

Among the many offshoots produced as a bi-product of the ongoing cryptocurrency experiment, nonfungible tokens have turned out to be one of the most explosive. In a few short months, over half a billion dollars worth of NFTs changed hands, as celebrities (from lists A to Z) clamored to profit from crypto’s latest craze.

But amid the rush to jump on the bandwagon, few have stopped to consider the veracity of the terminology applied to NFTs. After all, why would you stop to ponder semantics when there are millions of dollars to be made at the click of a button?

But in lieu of said millions, we decided to ask the question: Are nonfungible tokens actually a little bit fungible after all?

Read full article

Article: Banning Bitcoin is like rejecting the US dollar, entrepreneur warns India

Crypto, Governance

Banning Bitcoin is like rejecting the US dollar, entrepreneur warns India Banning Bitcoin is like rejecting the US dollar, entrepreneur warns India

An Indian cryptocurrency ban would have grave implications for the future of the country’s economy, and would result in currency devaluation “of the worst form,” says blockchain entrepreneur and HashCash CEO Raj Chowdry.

Chowdry, also the managing director of the United States-based PayBito cryptocurrency exchange, said India’s rejection of Bitcoin (BTC) and other cryptocurrencies would be the equivalent of rejecting the U.S. dollar. Without regulating and eventually adopting cryptocurrency as a reserve currency, Chowdry believes India’s economy would suffer in the long term.

Read full article

Article: Elon Musk says Tesla now accepts Bitcoin from US customers

Crypto, Money

Elon Musk says Tesla now accepts Bitcoin from US customersElon Musk says Tesla now accepts Bitcoin from US customers

Elon Musk has announced that Tesla cars can now be purchased using Bitcoin (BTC). The electric car company’s CEO and “Technoking” said the firm would operate Bitcoin nodes directly, and would hold on to the Bitcoin it accumulates without converting it to fiat.

Tesla first signaled its intention to start accepting Bitcoin for products in early February, following its purchase of $1.5 billion worth of the digital asset, an SEC filing showed. The option to buy a Tesla using BTC will only be extended to U.S-based customers for the time being.

Read full article

Article: Vitalik Buterin: NFTs can be a social good, not just a casino for rich celebrities

Crypto

Vitalik Buterin: NFTs can be a social good, not just a casino for rich celebrities Vitalik Buterin: NFTs can be a social good, not just a casino for rich celebrities

Ethereum co-creator Vitalik Buterin believes NFTs can be applied to socially relevant causes such as charities and funding public goods, but not while the technology is still viewed as a “casino that largely benefits already-wealthy celebrities.”

The author of the Ethereum whitepaper said there was little social value in helping celebrities like Elon Musk add another $1 million to their bank balance by selling NFTs. But he does believe that with support and coordination, non-fungible tokens could have a significant impact on other areas of society.

Read full article

Article: Cristiano Ronaldo awarded 770 crypto tokens for each career goal scored

Crypto

Cristiano Ronaldo awarded 770 crypto tokens for each career goal scored Cristiano Ronaldo awarded 770 crypto tokens for each career goal scored

Cristiano Ronaldo became the first soccer player to be rewarded for his career achievements in cryptocurrency, after the Juventus F.C. star received 770 JUV tokens — one for each senior career goal scored, as reported by Spanish outlet Marca.

JUV is the official Juventus fan token, launched in 2019 by the Italian football club on the Chiliz (CHZ) blockchain, in conjunction with the Socios.com platform. Fan tokens give club supporters the chance to vote on club decisions, while giving them access to various perks, competitions and prizes.

Read full article