June 11, 2020
This week in the landscape…Mexico has seen a 90% growth in the blockchain sector over the last two years despite COVID-19. Alibaba will be working to digitize China Merchants Port, the country’s biggest port operator with blockchain. Coinbase is looking for selling its blockchain analysis software to the U.S. Internal Revenue Service (IRS) and Drug Enforcement Administration (DEA). The Chinese province of Yunnan has launched a blockchain-powered traceability platform for its Pu’er tea farms tracking $2.5bn in tea. Coca-Cola distributor offers bitcoin payment options for vending machines. Baseline integrates Microsoft Dynamics 365 and Google Spreadsheets using ethereum mainnet. Microsoft’s bitcoin-based decentralized identity (DID) tool, ION, is now live. While a South Korean city opens public services to blockchain-based ID applications, and blockchain gamers are earning $20M according to reports. Plus, we’ve got multiple Q2 2020 blockchain developer reports & analysis, DApps news galore, book recommendations, and so much more. Enjoy!
BONUS: I recently released the latest Q2 2020 edition of my DApp “Stack” Landscape Map (included below for download) that provides an overview of the industry highlighting over 400 global companies, ecosystem players, and working groups. If this is the first version you’ve seen of the landscape, consider it your guiding roadmap to further navigate the industry. Get it here in Hi-Res for free!
According to data from the blockchain-focused law firm, Legal Paradox, Mexico’s blockchain and fintech sectors have almost doubled in size over just two years, according to data provided to Cointelegraph Espanol. According to the law firm, more than 640 entities are operating in Mexico’s financial technology sector, with 443 or 69.1% of firms based in Mexico City…read more
Chinese mega corporations Alibaba is one of the seven institutions that are going to be the very first to receive the Chinese state-backed cryptocurrency once launched. The company has also been developing a blockchain network that is designed to support small and medium-sized businesses under its fintech arm, Ant Financial. Alibaba has landed a deal with China Merchants Port, the nation’s biggest port operator, to allow the development and implementation of a blockchain-based platform that would have several use cases…read more
In a statement on 28th May, US Federal Reserve Board Chairman Jerome H. Powell stated regarding the suitability of AMERIBOR as a replacement to LIBOR. AMERIBOR uses a permissioned version of Ethereum blockchain to capture the interbank lending rates. He also noted in his response that, “the Federal Reserve convened and supports the work of the Alternative Reference Rates Committee (ARRC) and views SOFR as a robust alternative that will help many market participants in the transition away from LIBOR…read more
JPMorgan’s turbulent relationship with bitcoin appears to be rapidly melting after the banking giant signed Coinbase and rival bitcoin and crypto exchange Gemini. JPMorgan approved the two bitcoin exchange accounts last month and is already processing transactions, potentially signaling the end of the crypto industry’s banking griefs…read more
📖 Coinbase wants to sell blockchain analysis software to the IRS and DEA a year after its Neutrino acquisition
Coinbase is looking for selling its blockchain analysis software to the U.S. Internal Revenue Service (IRS) and the Drug Enforcement Administration (DEA). Both agencies are planning to get approval. Several public documents released in April and May, showed the intentions of both agencies to buy licenses for Coinbase Analytics. However, the figure is not definite for how much the U.S. government will pay for the licenses…read more
The Chinese province of Yunnan has launched a blockchain-powered traceability platform for its Pu’er tea farms. The platform will be used to conduct quality control, sales, and loan financing operations on 42,000 hectares of farmland across the province…read more
Microsoft’s Bitcoin-based decentralized identity tool, ION, went live with a beta version on mainnet Wednesday, as one of many efforts by members of the Decentralized Identity Foundation (DIF) to fast-track tools anyone can use for COVID-19 crisis response programs. Microsoft and ConsenSys’s uPort project are both leading DIF members. Separately, Microsoft is also collaborating with the bitcoin startup Casa to create a user-friendly interface for managing multiple digital identities…read more
Baseline Protocol has launched integrations for Google Sheets and Microsoft Dynamics 365. The new function allows for the maintenance of verifiably consistent records using a spreadsheet in conjunction with an enterprise resource planning solution. Baseline published a proof-of-concept on Monday, demonstrating the “baselining” of spreadsheet data to verify that multiple independent private databases hold the same records.…read more
More For Your Week:
DApps (Decentralized Apps) Watch
Bitcoin launched Bitcoin Core 0.20.0, the 20th release of Bitcoin’s original software client. The new version cleans up and hardens the Bitcoin Core codebase. Apart from this, it comes with several improvements such as hardware wallet integration into the GUI, a new configuration option called Asmap, which maps I.P. addresses by Autonomous System Numbers (ASNs)…read more
Decentralized financial application platform AVA Labs has announced its blockchain partnership with ChainLink’s price and data oracles. The integration will allow developers to cut time on development and launch DeFi DApps directly. Chainlink’s multiple sources of data oracles will prevent a single point of failure (SPOF) attacks in price data retrieval.…read more
Ethereum is the number one choice among developers of decentralized applications for deploying their products and services. The “2020 Q1 Dapp Market Report,” published by Dapp.com, demonstrates the ongoing trend, as the statistics show that 635 DApps, or roughly half of all functioning DApps on the market, are based on the Ethereum network with 616,369 active users. The article is investigating why the majority of DApp developers still opt for the Ethereum blockchain…read more
📚 Book Corner:
We’re all reading a little bit more than usual these days, so I wanted to share some books I’m currently reading and recommend (in no particular order) on the off chance you’re looking for something new. Happy reading!
- Collateral Markets and Financial Plumbing — Dr. Manmohan Singh, featuring Caitlin Long
- Bitcoin & Black America —Isaiah Jackson
- The Price of Tomorrow: Why Deflation is the Key to an Abundant Future — Jeff Booth
- Restoring the Soul of Business: Staying Human in the Age of Data — Rishad Tobaccowala
- Blockchain for Self Sovereign Digital Identity — Debajani Mohanty
🎙️ State of the Blockchain Industry Q1 2020:
Available now, download your hi-res copy of the Q1 2020 edition of the Blockchain Landscape Map. This is now the fifth edition of the landscape I’ve released and includes 747 companies (900+ total unique companies including broader key Ecosystem players) and more than $22 bn in funding raised across the landscape from 2010–2020 — over $18 bn invested since 2017! — Noticeable cycles emerging and full breakdown available.
A full 60 min video overview of the landscape is now available here and free for all. In the video, I breakdown the 2020 landscape, provide a summary of 2019, emerging trends for 2020, DeFi, Libra, CDBCs, Stablecoins, DApps, and more!
Don’t want to wait until next week, Subscribe Now 📥 for real-time industry insights around Blockchain, DApps, and more!
Author’s Note: Articles was originally published on Medium.