It is looking like a new era is coming for ICOs, at least those in China for now. In the U.S., the SEC has issued official warnings around the risks of ICOs, also known as token sales, but the Chinese government looks set to beat it to implementing regulation around the rapidly growing fundraising option.
“We are living in an exponentially expanding trust gap.” — Richie Etwaru
The Chinese government has announced that it plans to start using blockchain technology for collecting taxes and issuing electronic invoices. It’s currently unclear exactly how that will work, but it could dovetail nicely with other digitization plans in the country. We’ve previously reported that China’s central bank is testing its own digital currency, and while that won’t necessarily be based on blockchain, it could still be neatly combined with a new approach for issuing invoices and collecting payments.
However, China is seeking fresh Blockchain experts to manage and create internal currency and ledger programs.
Fortune convened some top cryptocurrency entrepreneurs, venture capitalists, bankers, and others to chat about the future of digital money at Fortune’s Brainstorm Tech conference in Aspen, Colo. last week. A select group met at the Aspen Institute for a breakfast roundtable discussion on Wednesday morning.
A vexing problem facing health care systems throughout the world is how to share more medical data with more stakeholders for more purposes, all while ensuring data integrity and protecting patient privacy.
Vitalik Buterin is the brains behind what some say is the next generation of bitcoin, called Ethereum.
A few days ago, a startup called Bancor raised around $153 million in two hours and twenty-five minutes.
The ICO, short for initial coin offering, followed several similar, equally successful funding events, and the numbers are rising. Prediction market Augur raised around $5.2 million over two months in 2015; this year, its competitor Gnosis raised $12 million in just 15 minutes. And we could only be getting started.
We can get rid of bad bosses once and for all. At least that’s the promise of a radically new type of organization based on blockchain technology.
It’s called a Decentralized Autonomous Organization and it has no CEO, CFO, or VPs.
In fact, there’s no hierarchy at all. Of course, any time you bring people together in a group, there are bound to be politics, but it won’t be the “command and control” structure that most of us are used to.
“Code is law,” as described in Lawrence Lessig’s book ‘Code and Other Laws of Cyberspace’, refers to the idea that computer code has progressively established itself as a predominant way to regulate behavior to the same degree as legal code.
With the advent of blockchain technology, code is assuming an even stronger role in regulating people’s interactions.
However, while computer code can enforce rules more efficiently than legal code, it also comes with a series of limitations.
If you’re impress with the progress we’re making with A.I. so far, hang onto your hats. We’re just getting started. Over the next 10 years, artificial intelligence will make more progress than in the fifty before it, combined. With countless quickly oncoming applications to business, government, and personal life, its influence will soon touch absolutely every aspect of our lives.
Here are 27 surprising ways life and society that will be forever changed by artificial intelligence over the coming decade.
Even years into the deployment of the internet, many believed that it was still a fad. Of course, the internet has since become a major influence on our lives, from how we buy goods and services, to the ways we socialize with friends, to the Arab Spring, to the 2016 U.S. presidential election. Yet, in the 1990s, the mainstream press scoffed when Nicholas Negroponte predicted that most of us would soon be reading our news online rather than from a newspaper.
Fast forward two decades: Will we soon be seeing a similar impact from cryptocurrencies and blockchains? There are certainly many parallels. Like the internet, cryptocurrencies such as Bitcoin are driven by advances in core technologies along with a new, open architecture — the Bitcoin blockchain. Like the internet, this technology is designed to be decentralized, with “layers,” where each layer is defined by an interoperable open protocol on top of which companies, as well as individuals, can build products and services. Like the internet, in the early stages of development there are many competing technologies, so it’s important to specify which blockchain you’re talking about. And, like the internet, blockchain technology is strongest when everyone is using the same network, so in the future we might all be talking about “the” blockchain.