Shanghai’s courts are turning to blockchain technology to modernize record creation and management as part of a reform pilot.
Participants at a recent court reform conference held by the Shanghai high court were told that the Minhang District People’s Court used blockchain technology to record an equity transfer contract dispute, Cointelegraph reported, citing local media. .
The report added: “The metadata table which records the file name, file size, file generation time and other information of the court record files and written materials is generated instantly … The audio-visual conversion record, the metadata table confirmed by the parties’ signature and other materials were completely presented in the electronic file of the case.”
A total of 260 courts have begun to support the reform pilot since it began in March. About 90 business courts and 493 judges have applied the trial record reforms, and 4,261 trials have been completed, according to the report.
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Klaytn Implements Fee Delegation Policy for Blockchain Services
The global blockchain services market is expected to decline from $1.26 billion in 2019 to $1.06 billion in 2020 at a compound annual growth rate (CAGR) of -15.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it, which impacted industries negatively and resulted in low investments on technology. The market is then expected to recover and reach $4.36 billion in 2023 at a CAGR of 60.01%.
The blockchain services market consists of sales of blockchain services and related products. For companies engaged in building blockchain applications blockchain-as-a-service acts as a third-party service that creates and manages cloud-based networks which is a growing field for blockchain technology. The revenue generated by the blockchain services market is through sales of blockchain services by platform vendors and service providers for the application of identity management, payments, smart contracts, supply chain management, and others.
North America was the largest region in the blockchain services market in 2019. Asia Pacific is expected to be the fastest-growing region in the forecast period.
Quantum computing is gaining popularity in the blockchain space that will help overcome the problems faced in providing blockchain services. Quantum computing is a process that uses quantum-mechanical phenomena like superposition and quantum entanglement for computing. Quantum computing utilizes qubits that help in the storage and processing of a large amount of data exponentially fast with less energy consumption, unlike conventional computers that use bits for the same process. In 2019, Google announced that its quantum computer performed a calculation in 200 seconds which had a 53-qubit Sycamore processor. The same would take 10,000 years for the world’s fastest supercomputer, Summit, a supercomputer by IBM. The use of quantum computing will help resolve issues related to scalability and higher energy consumption by blockchain technology.
The blockchain services market covered in this report is segmented by component into tools, services. It is also segmented by end-use into BFSI, IT & telecom, healthcare, retail, manufacturing, logistics, government, media & entertainment, energy and utilities, others and by application into payments, smart contracts, supply chain management, governance, risk and compliance management, identity management, others.
The inefficiency of scalability in blockchain technology impedes the blockchain services market as it obstructs the processes involved. There is a partial dependence of the blockchain network’s health over the number of nodes in the network and the spread of those nodes across the world. The bigger the blocks, the increase in the size of the blockchain is even faster which removes out the solo miners, and that eventually results in more pile-up of transactions. For instance, bitcoin scalability is an issue that resulted from the limited rate of processing of transactions that relates to an increase in the number of transactions and the limited size of blocks. In 2019, the blockchain size has grown to 242.386 GB from 184.622 GB in 2018 and 134.715 GB in 2017. In 2018, in a week there were 165,000 unconfirmed transactions resulting in scaling issues due to the huge number of transactions. Similarly, in December 2017, scalability issues have congested the Ethereum network by Cryptokitties app due to a six-fold increase in transactions with Cryptokitties release and resulted in the pile-up of all unprocessed transactions. Thus, an increase in the number of transactions results in scalability issues, which hampers the growth of the blockchain services market.
In March 2020, Genesis Group, a cloud-based information technology services provider, announced plans to acquire Blockchain Consulting GmbH (BC) for an undisclosed amount. This acquisition will help Genesis Group to utilize BC’s resources in crypto mining. BC provides services such as blockchain software development, strategic consulting, and crypto market analysis.
There is a growing significance of blockchain services with increased investments in blockchain technology from both government and private entities like banks and financial institutions. The blockchain technology gives rise to new business models in various areas such as cross-border payments, remittance, exchanges, internet banking, trade finance, Know Your Customers (KYC), and risk and compliance with decentralized applications of this technology. In 2019, the South Korean government allotted a budget of KRW 1 trillion for blockchain development among the KRW 5 trillion budget for economic development through innovation. Among the total cryptocurrency trading worldwide, 30% was from South Korea. The increased use of blockchain technology in organizations will require services to manage the networks and infrastructure, which will increase the demand for blockchain services and boost market growth.
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The realm of traditional finance is in the vicinity of a transformation. As people seek for more convenient innovative alternatives, global payment giants are forced to explore these technologies to meet their users’ needs.
Many credit card and financial service providers including central banks are studying the role of blockchain-steered digital money in their economic, finance and banking sector. The outbreak of the COVID-19 pandemic intensified this process as the need for digital innovations has grown rapidly. However, some global players have been exploring technologies such as blockchain even before the pandemic.
Back in 2016, Visa launched a blockchain-based Business-to-Business (B2B) payment project dubbed Visa B2B Connect. The solution was aimed at managing global B2B transactions in real-time and in an efficient, predictable, fast, secure and transparent way.
Now, it seems the company wants to further enhance the possibility of the platform while taking the course to more innovations. Recently, it has
listed a vacancy for a blockchain and distributed ledger technology (DLT) specialist with the knowledge of Ethereum to enhance its platform. The listing further says that the company requires the professional for building a distributed app for card-less payments and cross-border transactions.
Another payment giant, PayPal, is also exploring innovative techs such as blockchain and cryptocurrency, according to CoinIdol, a world blockchain news outlet. Recently, the company also announced the hiring of blockchain and cryptocurrency specialists. The announcement triggered rumours that PayPal is going to offer direct cryptocurrency buying and selling options. However, no one from the company has confirmed or denied the rumours so far.
Are traditional payments slowly merging with digital currency?
It seems that traditional finance is merging with innovations to enhance the user experience and offer more efficiency. Both traditional payments and cryptocurrency offer their users significant benefits to fulfil various needs.
In this period of Covid-19 pandemic when paper money is often considered a source of contamination and therefore a threat, there has been a big growth in the use of cashless instruments including cryptocurrencies such as Bitcoin, Ripple, Ethereum, etc., mobile money (MoMo) services such as Airtel Money, MTN MoMo, and credit cards such as Mastercard, Visa, Discover, Swift, etc.
On the other hand, the traditional finance sector is not getting weaker at all as people often consider them more reliable and trusted. Besides, they offer different functions and benefits that cryptocurrency payment operators. Considering this, the majority of users prefer to benefit from both traditional and innovative technologies, thus making it logical to merge them into a single service.
https://vixencrypto.com/wp-content/uploads/2020/07/779ca2f8bba1519497a88a768a3a8b22.jpg562900Stevehttps://vixencrypto.com/wp-content/uploads/2019/12/vixen-crypto-currency-blockchain-300x138.pngSteve2020-07-09 20:45:022020-07-09 20:45:02Traditional Payment Giants Adopt Blockchain; Does This Mean the Merging of Two Worlds?
Coinbase is said to be preparing to go public, CENTRE blasklisted a decentralized address and U.S. sanctions on China could trickle down to crypto brokerages. Here’s the story:
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Coinbase Listing? Coinbase is reportedly preparing to list on the U.S. stock market sometime in early 2021, according to a Reuters report. Sources said the exchange has already begun the process for a listing. Rather than an initial public offering, it’s said the firm would prefer to go down the route of a direct listing on an exchange. The company was valued at $8 billion at its last funding round in 2018.
CENTRElized? The CENTRE Consortium blacklisted a USDC address in response to a law enforcement request, freezing $100,000 worth of the stablecoin, a spokesperson said Wednesday. “When an address is blacklisted, it can no longer receive USDC and all of the USDC controlled by that address is blocked and cannot be transferred on-chain,” according to a policy document shared with CoinDesk. The incident underscores the limits of decentralization when regulated businesses interact with permissionless networks.
Brazil’s Boom Brazil is experiencing a token boom, driven by interest in stablecoins. The number of Brazilian stablecoins traders has quadrupled since January 2020, according to a Binance representative. Other exchanges report a similar trend. Rather than spawning a Bitcoin Utopia, so far the cryptocurrency trend has further aligned Brazil with the U.S. dollar, in part due to the faltering Brazilian real, which hit a record low against the dollar in May 2020. “We have a trend of dollarization,” Nash exchange co-founder Fabio Canesin said, “so of course having stablecoin access is interesting for … access to smart contracts for more stable savings.”
Sanctions U.S. sanctions in response to Hong Kong’s national security law – and Beijing’s tighter grip over the city’s financial system – could pose challenges for local crypto brokerage firms. The U.S. Senate passed the Hong Kong Autonomy Act on Thursday that could, if enacted, restrict foreign banks and subsidiaries of U.S. banks in Hong Kong from accessing the U.S. dollar system. This could take a toll on cryptocurrency companies in Hong Kong, which are highly dependent on the U.S. dollar system to settle and clear transactions. “The most successful cryptocurrency companies here are dependent on their access to the U.S. dollar system,” said Leo Weese, the president and co-founder of the Bitcoin Association of Hong Kong.
Movers & Shakers HOPR, a decentralized alternative to Tor, closed a $1 million seed round led by Binance Labs with participation from Focus Labs, Spark Digital Capital, Caballeros Capital and Synaitken. While Avanti, the Wyoming-based crypto-first bank, has brought on internet cryptography pioneer Christopher Allen, former Federal Reserve official Katie Cox, and blockchain architect Bob McElrath as advisers. (Adriana Hamacher/Decrypt) Lastly, Ceres, a “seed to sale” transaction network for cannabis, has filed paperwork with the SEC to conduct a Reg. A sale, seeking permission to sell both a token and a coin. According to the application, the firm plans to sell up to $30 million worth of its tokens, which would represent an equity holding, and $20 million in Ceres coins, which would serve as a transaction tool in its payments network.
Scams Chinese police have seized over $15 million in bitcoin, ether and tether as well as supercars worth $2 million from the alleged operators of a novel scam that sold counterfeit tokens. China’s Ministry of Public Security said Wenzhou police arrested 10 individuals suspected of advertising a blockchain smart contract that claimed to generate Huobi Tokens (HT), Huobi exchange’s own crypto, that promised returns of 8%, one victim said.
Libra still plans to issue its multi-asset backed stablecoin, according to Libra Director of Policy Julien Le Goc, speaking at the Global Digital Finance virtual summit.
Only 23% of hodlers have an estate plan to bequeath their digital wealth, according to the Cremation Institute’s online survey.
The London Stock Exchange Group (LSEG) added 169 digital assets to its SEDOL Masterfile service, a global database used to tag and track securities and other investable assets.
Multi-year lows While bitcoin has gained 3% so far this week, the overall trading environment remains dull with volatility hovering at multi-year lows. Ten-day realized volatility is now at 20%, the lowest level for two years, “only preceded in Sep & Oct 2018,” QCP Capital said. Back in the autumn of 2018, the low-volatility consolidation ended with a big drop to below $6,000. This time, though, options traders are anticipating a breakout on the higher side.
Transaction Revenues In June, Ethereum miners generated approximately 17% of their total revenue from the transaction fees, The Block has found. This all-time high represents a jump from 10% of revenues earned from transaction fees in May. The researchers attribute the increase to several Ethereum Ponzi schemes and the growing interest in yield farming. (The Block)
The CoinDesk 20: The Assets That Matter Most to the Market Digital assets aren’t what they used to be. As more people learn the fundamentals and grasp the potential for high returns, cryptocurrencies are emerging as a new asset category.
Introducing the CoinDesk 20, our list of the 20 digital assets that impact and define the market. From our new dashboard, uncover insights through price pages, key metrics, news and industry analysis, as well as video interviews with founders and key developers of the underlying technology. Dive into our freshly revamped practical guide to the assets that matter most to the market.
What DeFi Can Learn From ‘InFi’ Leah Callon-Butler, CoinDesk columnist and director of Emfarsis, thinks informal economies, like those that exist in Southeast Asia as a means of creating local financial resilience, are DeFi’s precedent. “The developing world has produced a wealth of community-based systems that rely on shared values to achieve economic empowerment on their own terms. By studying these informal systems of cooperation, we may uncover opportunities for blockchain to improve on existing practices or help to scale positive impact,” she writes.
Who Let the Doge Out? The latest episode of The Breakdown looks at the most 2020 financial story to date: the meteoric rise of dogecoin spurred by TikTok videos.
Who won #CryptoTwitter?
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.
The Italian Banking Association, Associazione Bancaria Italiana (ABI), chose to leverage the blockchain-based system Spunta, as they could not identify an appropriate single actor to run a centralized system.
The Italian Banking Association’s Chief Innovation Officer Silvia Attanasio revealed why the ABI has chosen to use a decentralized blockchain system, Spunta DLT, as opposed to a centralized system.
Spunta Banca DLT is a project headed by the ABI and is operational for the interbank reconciliation process and 55 banks have been operating on the blockchain as of May 2020. Spunta uses R3’s Corda Enterprise to automate the reconciliation of transactions, moving to real-time management for the reconciliation process.
Due to the scale of the ABI’s decentralized project, the Italian banking entity would have needed to find a centralized party to gather and manage and reconcile an incredibly large amount of data coming from various banks across the nation. Speaking at the Unitize virtual blockchain conference, Attanasio explained that, “It wasn’t so easy to identify a single actor that could have run the centralized solution.”
The ABI serves as the central hub for Italy’s banking institutions and transitioned into a blockchain-based format called Spunta—deciding it was a more efficient method of operation for the mass exchange of information.
Attanasio said, “Spunta is a reconciliation process based on bilateral account, it is about an exchange of information rather than an exchange of value.”
Out with the Old
Traditionally, central bank authorities will adopt a centralized format that requires each of the underlying national banks to transfer their data independently to a centralized database.
“We wanted to transform the process, to reshape the process, in order to include some key component of the distributed paradigm, and this was made possible with the distributed solution.”
The ABI chose to leverage a permissioned blockhain platform which does not allow public participation—keeping with the bank’s traditional position of only placing trust in parties deemed suitable by industry standards.
ShareRing (SHR) is partnering with the industry-leading merchant bank for blockchain and digital assets GDA Capital. GDA will be providing ShareRing with growth capital and will help to accelerate the distribution of their SHR Token, the native token on the ShareRing Network.
“It’s a real privilege to add GDA with their years of expertise under their belt to our growing list of influential partners and key collaborators. They are one of the top blockchain firms in supporting projects through development while also opening doors to numerous key firms in sectors ShareRing is operating within,” stated Head of ShareRing, Tim Bos.
Co-founder of GDA Capital Michael Gord commented on the partnership by saying:
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“With a partnership network that includes dozens of vendors that are ready to integrate ShareRing into their existing business infrastructure, this network is one of the readiest for real-world activations that we have seen”.
ShareRing (SHR) is an enterprise-ready blockchain geared towards the travel, sharing and on-demand economies. Focused on the fragmented $7 trillion travel economy, ShaeRing’s travel app will create a more cohesive customer experience by bringing all the necessary activities and bookings into one ecosystem, including hotel check-ins, flights, visa and tourist applications, COVID passports, self-sovereign digital identity cards, mobile wallets, payment solutions and vehicle rentals.
GDA Capital will assist ShareRing with the distribution and adoption of the SHR token at the institutional level.
ShareRing’s value proposition includes travellers being able to book and pay for over 2.6 million hotels/accommodations, 1.2 million car rentals, 200,000 activities, and flights in over 200 countries using fiat or crypto. Furthermore, the company has made strides with significant partnerships to create a more seamless customer experience.
ShareRing is a new platform that wants to take the hassle out of travel, with its all-inclusive travel app for both businesses and consumers. ShareRing is led by CEO and Founder Tim Bos. Along with the other 5 founders (Rohan Le Page, Peter David, Neville Christie, Jane Sadler-Kidd and Barry Brewster). The team recognized the potential to disrupt the fragmented sharing economy with blockchain technology. The group has successfully launched a previous car-sharing venture called ‘Keaz’, which was acquired by Wunder Mobility in 2019. Utilizing the knowledge gained from this prior experience, the team began working on ShareRing.
Global Digital Assets (GDA Capital) is a global merchant bank focused on emerging technology, based in Toronto & New York City. GDA was founded through the joint venture between MLG Blockchain and Secure Digital Markets and offers a full suite of services including ventures, capital markets and liquidity. Our team has played a significant role in taking dozens of tokens to market for clients around the world; having led million-dollar marketing and activation campaigns, and completed over three billion dollars of private placement or OTC transactions. We have worked with a variety of firms ranging from family offices, HNWI, Fortune 100 enterprises, startups and global governments looking to accelerate their country’s adoption of blockchain.
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ‘The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China’s first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission’s SME Instrument programme as a startup assessor and as a startup judge for the UK government’s Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
https://vixencrypto.com/wp-content/uploads/2020/07/sharering-GDA-Global-Digital-Assets-cryptocurrency-travel-crypto-blockchain-share-share-economy-sharing-696x465.png465696Stevehttps://vixencrypto.com/wp-content/uploads/2019/12/vixen-crypto-currency-blockchain-300x138.pngSteve2020-07-09 18:09:112020-07-09 18:09:11Blockchain Rockstar ShareRing Teams Up With GDA Capital for Growth Capital & Distribution – Blockchain News, Opinion, TV and Jobs
Volvo Cars has invested in Circulor, a British block-chain specialist so that the Swedish car manufacturer can make the origin of raw materials even more transparent in the future. The two companies have not disclosed the amount of the investment.
Last year Volvo Cars already reached agreements with its two battery suppliers CATL and LG Chem and their dedicated blockchain companies to trace the origin of cobalt using blockchain technology. The new agreement with Circulor should make it possible to include other materials in the blockchain in the future – such as mica, a mineral used as an insulating material in E-Volvos battery packs.
Volvo is investing in the British blockchain company through its own investment fund, Volvo Cars Tech Fund. The aim is to deepen the existing partnership between the two companies. According to Volvo, Circulor’s technology – developed in cooperation with CATL and LG Chem – is already being used in its own battery supply chain. According to the Swedish company headquarters, the cobalt used in the new Volvo XC40 Recharge is 100 per cent traceable. The model is the brand’s first fully electric car. It is manufactured in Ghent, Belgium, and is scheduled to be launched on the German market at the end of the year.
The XC40 Recharge is known to be the harbinger of an entire Recharge family: By 2025, the company wants to cover half of its worldwide sales with purely electric cars. Parallel to the vehicle, Volvo has also presented an ambitious climate plan that aims to reduce CO2 emissions by 40 per cent by 2025 and also takes into account ethically responsible behaviour in all business areas and in the supply chain.
The aim of the investment now made is consequently to expand the range of traceable materials, but also to use blockchain technology for other areas, for example, to reduce the CO2 footprint. According to Volvo, the cooperation could help “Circulor to potentially set standards for ethical sourcing in automotive and other industries.” In addition to Volvo, Systemiq, Total Carbon Neutrality Ventures and Plug & Play also invested in Circulor in the current round of financing.
The Volvo Cars Tech Fund was set up in 2018 to attract promising start-ups, especially in the technology sector. Its investments focus on strategic technology trends that could change the automotive industry. These include artificial intelligence, electrification, autonomous driving and digital mobility. Volvo says of itself that the company was “the first car maker to implement global traceability of cobalt used in its batteries by applying blockchain technology across its supply chain”.
Blockchain technology builds a reliable data network, thus significantly increasing supply chain transparency, since information about the origin of the material always remains visible. Following a successful pilot project, Circulor and Oracle will operate the blockchain throughout the CATL supply chain in the summer, while the Responsible Sourcing Blockchain Network (RSBN), together with the responsible specialists RCS Global and IBM, will introduce the technology in LG Chem’s supply chain.
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https://vixencrypto.com/wp-content/uploads/2020/07/volvo-xc40-recharge-bev-2019-01-min-300x150.png150300Stevehttps://vixencrypto.com/wp-content/uploads/2019/12/vixen-crypto-currency-blockchain-300x138.pngSteve2020-07-09 17:54:082020-07-09 17:54:08Volvo invests in Circulor for blockchain technology
Mobile Network Operators (MNOs) face an uphill battle. It is estimated that they need to invest between $500 billion (€441 billion) and $1 trillion (€0.8 trillion) in upgrading network infrastructure for 5G, whilst already having to manage sprawling networks of towers, cables and switches just to support their ongong operations, says Thomas Spencer, telecom lead at R3 – the blockchain firm.
The challenge of how to finance and optimise infrastructure usage extends to MNO plans for 5G rollout, and in particular how to rollout small cell sites. Who owns, operates and finances these sites poses a significant business and operational challenge. However, the scope of coordinating multiple independent stakeholders across a value chain through automation makes these types of scenarios perfect for enterprise blockchain to unlock significant value.
For example, were a small cell to be installed at a popular fast food establishment the coordination of processes, contracts and payments between the landlord, the equipment owner, the MNO and end point users will require sophisticated process automation. Since such a scenario would involve multiple parties, a network-level solution built leveraging blockchain technology is an ideal fit.
Traditionally, such scenarios lead to each party maintaining their own set of systems and records that are isolated from other parties’ systems. This leads to disjointed systems of record resulting in an ever increasing need to reconcile and resolve disputes. More than the additional resources required to carry out reconciliation, huge amounts of time is lost resulting in locked value. The lack of automation between multiple parties further hinders the growth potential of such innovative models.
Independent towercos have been able to deliver higher returns on infrastructure assets because of their ability to have on average 2.4 MNOs sharing an independent tower vs 1.3 for a MNO-controlled tower. Huge gains are available to the industry if this model of sharing passive, and even active, infrastructure can be scaled. However the challenges to do so are often routed in stakeholders’ ability to coordinate processes and agreements across each other.
Shared accountability, reporting and management can be automed through a blockchain network in which all infrastructure stakeholders sign up to pre-determined contracts and have a network enforced level of trust in the process. Imagine, for example, a tower which had three different equipment manufacturers deploying and servicing equipment on it, as well as multiple MNOs using the equipment installed. Shared service images of an infrastructure unit have been proven to reduce maintanence costs by 25%, and these efficiencies could be extended across energy consumption, upgrades and billing through the implementation of automated shared processes using an enterprise blockchain platform.
Not only can shared usage provide opportunities for MNOs to improve their infrastructure finances, but so too can shared ownership or fractional ownership. As seen by recent tower deals across the sector, carriers are increasingly open to new ownership models for assets which they previously soley owned.
However, currently as MNOs explore options for releasing capital in their portolfios, those opportunities are only open to other MNOs, independent towercos or private equity. This is because up until now it was thought that these players were the only ones with a strategic or commercial interest in owning those assets and it was only operationally possible to deal with them.
Tokenisation makes new business models possible, and one that is getting greater interest is outcome based financing. With landlords, infrastructure owners and end point users acting as independent actors across an enterprise blockchain network, it would be possible for investors to back companies installing equipment and getting paid based on the usage of that equipment throughout its lifetime.
This could be done efficiently through the automated reconciliation of usage and payments across an immutable blockchain. The challenge of allocating capital across the long tail of 400,000 small cell sites just for the USA, could be overcome by connecting financers with entrepreneurs, businesses and local authorities whose sites can yield long term steady cash flow opportunities to be paid out on.
Of course some will say that the technology is too much in its infancy to be used for such critical infrastructure. However, today we are already seeing multi-billion dollar deals being executed across networks such as the Corda Network, and institutional players such as Nasdaq have recently announced that they are partnering with R3 to develop institutional grade solutions for digital asset exchanges. There are also highly innovative start ups like VALK who have developed illiquid asset management platforms, which are being used to manage asset transactions already.
The COVID-19 crisis has taught us all how much we rely on our communication infrastructure. These huge and critical networks are the bedrock upon which our modern digital economies were built. Now is the time to harness their potential once more, by leveraging enterprise blockchain with new operational and business models that can breathe life in to the telco infrastructure market and once again unleash the next generation networks we need to deliver the next wave of digital innovation.
The author is Thomas Spencer, telecom lead at R3 – the blockchain firm.
https://vixencrypto.com/wp-content/uploads/2020/07/CE9A6180-FF52-4AC8-AC7A-72352C82F97C.jpeg1040622Stevehttps://vixencrypto.com/wp-content/uploads/2019/12/vixen-crypto-currency-blockchain-300x138.pngSteve2020-07-09 17:08:222020-07-09 17:08:22Unleashing the potential of 5G with blockchain - VanillaPlus
I am Java programmer, blogger on http://javarevisited.blogspot.com and http://java67.com
Hello guys, if you are thinking about how to become a Blockchain Developer in 2020 and looking for some online courses to startwith then you have come to the right palce.
In this article, I am going to share some of the free resources you can take to become a professional Blockchain developer.
Blockchain is one of most talked about technology at the moment and considered to be the next big thing after the invention of the Internet as they provide a way to attain digital trust on the Internet.
Though, I must say that crazy rally of cryptocurrencies has a huge role to play in making Blockchain popular. I know about Bitcoin for a long time but never invested in it and the same goes for Blockchain.
Even though I knew about it I never thought to learn Blockchain development and writing tutorials about it, until I realize this may be the time to learn Blockchain.
There is so much emphasis on Blockchain development as companies from finance, real estate, healthcare, and other sectors are very keen to learn about Blockchains and adopt them.
Venture capitalists are currently diverting a lot of investments into funding Blockchain-based companies, which means there could not be a better time to learn about Blockchain then this year, and there is no better way to start with free online courses.
I have been sharing a lot of courses and tutorials in this blog about what to learn this year, starting from tools to frameworks, from libraries to programming languages, and Blockchain Programming is one of the exciting field you can take on.
In this article, I am going to share 5 free Blockchain technology courses, which will teach you the fundamentals of Blockchain, how it works, and how disruptive it can be. If you want to become a Blockchain developer then these courses will help you get started quickly.
Here is my list of some of the free courses to learn Blockchain technologies and become a Blockchain Developer you always wanted to be.
These courses will not only teach you fundamentals and basics like what is BlockChain and how it works but also show you how to create a smart contract and your own private network.
The list also includes a course on writing the HelloWorld program using the Etherium network.
This is a great introductory course about Blockchain and anyone who wants to learn about blockchain technology and want to become a Blockchain developer can join this course for FREE.
In this course, you will learn about blockchain technology (including mining, consensus algorithms, smart property, and smart contracts).
The current status of blockchain technology, potential applications in Financial Services, Logistics, Healthcare, Energy, and IoT, and the next steps regarding its deployment in your organization.
This is another free online course to learn Blockchain from business and real-world use perspective and its particularly great if you want to work on Finance domain as Blockchain Progarmmer.
In this free course on enterprise blockchain, you will get to learn how Blockchain can impact business and several real-life examples derived from interviews and research among corporate practitioners.
The course is very well structured and it’s like one lesson a day, 5 Days in a row. The Blockchain 101 courses are also well respected by employers like IBM, Capgemini, Cisco, Cognizant, and Wipro.
If you want to join the Blockchain revolution and gain valuable knowledge that will help you to advance your career then this course is an important first step and you should join it without any hesitation. It’s anyway free so you don’t have anything to lose but you will learn an in-demand skill to grow your career.
Btw, If you re looking for a Blockchain Certification to kickstart your career in distributed ledge technology and become a certied Blockchain developer then I highly recommend Enterprise Blockchain Professional Certification by 101 Blockchains.
It’s trusted by organizations like IBM, Capgemini, Cisco, Cognizant, and Wipro. It’s a little bit expensive, cost around $357 but worth it, and due to the current global situation, they are also offering a discount now. You can use the code STAYHOME to get 30% OFF.
This is an awesome course to learn about Blockchain Fundamentals and Smart contract development from Pluralsight
In this course, you will first learn Ethereum blockchain, smart contract development, and how to create private blockchains.
The course is also very hands-on as you’ll learn how to set up the development environment and all pre-requirements from a clean Microsoft Windows image, which also makes it easy to follow the course.
After learning the basics, you’ll create a fully functional sample application. Your sample application is a distributed application that ensures a secure and trustworthy product lifecycle trail for batches of food, using blockchain technology.
After completing this course, you should be able to create your own blockchain contracts and distributed applications with a functional development environment that makes you productive for years to come. In short, a great hands-on course to become a Blockchain developer in 2020.
This is one of the most popular courses to learn Blockchain basics on Coursera It is actually the first course of the Blockchain specialization that provides a broad overview of the essential concepts of blockchain technology.
In this Blockchain course, offered by University at Buffalo and The State University of New York, you will learn about the decentralized peer-to-peer network, an immutable distributed ledger, and the trust model that defines a blockchain.
This course will teach you basic components of a blockchain (transaction, block, block header, and the chain) its operations (verification, validation, and consensus model) underlying algorithms, and essentials of trust (hard fork and soft fork).
Content includes the hashing and cryptography foundations indispensable to blockchain programming, which is the focus of two subsequent specialization courses, Smart Contracts and Decentralized Applications (Dapps).
If you don’t know Coursra Specialization are great way to learn a new technology in a structured way and you can take this one if you want to become a Blockchain Developer.
This is a good, practical course to begin your journey with Ethereum Blockchain Development, where you will learn how to create a Hello World Blockchain app in no time.
This course is designed for programmers beginning their journey with Ethereum Blockchain Development and want to test their skills with a basic practical project before moving forward with more advanced Ethereum Development courses covering much more.
After that, you will be taught how to make the Blockchain tamper-proof using mining and proof-of-work. Finally, you will learn how nodes on a Blockchain maintain consensus.
After completing this course, you will have the knowledge and tools necessary to build your own Blockchain.
If you can afford then that’s a great investment as you gain access to over 5000+ courses on the latest technology but if you can’t don’t disappoint. You can still get free access to this course by signing up for a 10-days free trial.
This is a great free course to learn Blockchain technology on edX. It is developed by Blockchain at Berkeley and faculty from UC Berkeley’s premier Computer Science department, this course provides a wide overview of many of the topics relating to and building upon the foundation of Bitcoin and blockchain technology.
You will learn a formal definition of distributed consensus and foundational topics such as the CAP Theorem and the Byzantine Generals Problem.
You will also explore various enterprise-level blockchain implementations, such as JP Morgan’s Quorum, Ripple, Tendermint, and HyperLedger, including the industry use cases for blockchain, ICOs, and the increasing regulations surrounding blockchain.
Like other Coursera and edX courses, this course is also free for learning and you need to pay if you require a verified certificate.
This course is more interesting for all of those who get excited about the name of BitCoin and other cryptocurrencies. Well, there is nothing wrong with that. Most of us only get to know about Blockchain because of those cryptocurrencies and their phenomenal rise.
This course will teach you Blockchain by explaining cryptocurrency first, which will help you to better understand how Blockchain itself works and how it is different from the traditional model of the transaction.
That’s all about some of the free courses to learn Blockchain technology and become a Blockchain Programmer. As I told, Blockchain development is getting a lot of focus because of its disruptive potential.
It’s not generating a lot of jobs yet but you can stay ahead of the curve by learning Blockchain right now.
Apart from programmers and developers, these courses are also great for anyone who wants to know what is a BlockChain and how it works like Business Analysts, Tech geeks, Project Managers, and QAs.
Other Free Online Courses You May like to explore
Thanks for reading this article so far. If you like these free Blockchain courses then please share with your friends and colleagues. If you have any questions or feedback then please drop a note.
P.P.S. — If you re looking for a Blockchain Certification to kickstart your career in distributed ledge technology then I highly recommend Enterprise Blockchain Professional Certification. They are also offering a discount now. You can use the code STAYHOME to get 30% OFF.
All the best for your Blockchain journey.
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https://vixencrypto.com/wp-content/uploads/2019/12/vixen-crypto-currency-blockchain-300x138.png00Stevehttps://vixencrypto.com/wp-content/uploads/2019/12/vixen-crypto-currency-blockchain-300x138.pngSteve2020-07-09 16:52:012020-07-09 16:52:01My Favorite Free Courses to Become a Blockchain Developer in 2020