KW 05: German companies see blockchain’s potential, German banks open to storing crypto currencies, Bitcoin becomes important for Iran’s survival

NEWS

Cricket club uses blockchain platform to sell tickets: The United Kingdom’s legendary Lancashire Cricket Club is the first British sports club to sell tickets through a blockchain-based platform. Eighteen months in development, the new platform tested the technology during the 2019 season. The club has teamed up with TIXnGO, which is a blockchain mobile ticketing platform that was launched by ELCA, the parent company of cloud-based solution SecuTix, which is the club’s ticketing service provider. David Hornby, UK MD of SecuTix, said that blockchain technology addressed many of the ticketing issues that both sports organisations and fans alike faced. TIXnGO creates a unique, encrypted ticket for smartphones that is completely traceable, removes the risk of counterfeit tickets and simplifies the process of transferring or reselling tickets for the customer.
cointelegraph.com, coindesk.com, theticketingbusiness.com

German companies see blockchain’s potential: 6 out of 10 companies in Germany think that blockchain technology is of great importance for the future competitiveness of German businesses, according to a Bitkom survey. However, two thirds of companies also think that data protection requirements will be a hurdle to the technology. Patrick Hansen, Head of Blockchain at Bitkom, sees an opportunity for Germany to take a leading position in the development and application of blockchain technologies. But there is still insufficient legal certainty for this, for example when it comes to the question of whether the so-called miners and nodes are jointly responsible under data protection law.
it-daily.net

World’s first air quality ledger: PlanetWatch has announced the battle-testing of air quality monitors linked to technology company Algorand’s blockchain. The goal for the partnership is a global network of air quality sensors. The sensors can be installed in private homes or even carried on one’s person, which allows data to be uploaded in real time. According to PlanetWatch, the current state of air monitoring is unresponsive to today’s needs. With the World Bank citing air pollution as the fourth largest health risk in the world, responsible air quality monitoring is a global challenge for governments, regulators, and citizens.
cointelegraph.com, algorand.com

German banks open to storing crypto currencies: German banks have a generally positive attitude towards storing cryptocurrencies, according to a survey of 20 banking institutions. The Stuttgart Stock Exchange has been offering such a service for some time and plans to expand it further. Commerzbank and BNP Paribas also offer cryptocurrency storage. According to company statements, HSBC and Aral Bank are still investigating the possibility of storing cryptocurrencies. While the BayernLB and LBBW have already started pilot projects and published research papers, most savings banks that responded to the survey are not planning any advances in this direction.
btc-echo.de

Crypto exchange: Binance invests in blockchain data startup Numbers cointelegraph.de
Bitcoin hits a new year high: Bullish trend continues btc-echo.de
China: Over 700 blockchain companies founded this month cointelegraph.com
Cooperation: Hong Kong and Thailand are working on a common cryptocurrency kryptoszene.de

NUMBER OF THE WEEK

714 blockchain companies were founded in China this month alone.
coinrivet.com

BACKGROUND

Following fish with the blockchain: Customers of Frosta, a manufacturer of frozen foods, will soon be able to use the blockchain to understand exactly where the caught fish comes from. All information will be disclosed, from the coordinates of the fishing nets to the name of the fishing boat and the captain. CEO Felix Ahlers had previously used the technology on the Solino project, which revolved around fair trade coffee. Frosta wants to increase its customers’ trust for the company and the products purchased. The campaign is part of a large Frosta campaign to respond to the growing awareness for sustainability among consumers.
faz.net

Bitcoin becomes important for Iran’s survival: Iran is increasingly becoming reliant on cryptocurrencies. As the Iranian economy weakens due to sanctions, the use of cryptocurrencies such as Bitcoin, with which the country’s citizens can make payments abroad, is increasing. At the end of 2018, cryptocurrencies were still banned in Iran due to political pressure, but in early 2019 the country developed its own currency under the name PayMon. Since this was not a very successful attempt, the government then opted for Bitcoin and legalized cryptomining. Iran hopes to undermine the US-dominated financial sector.
heise.de

QUOTE

“The younger generations look at Bitcoin and say, ‘Hey, that’s great because it’s not my father’s old rust-bucket.’ Our banking system is this old rust-bucket, a very old rust-bucket.”
learnbonds.com

BLOCKBUG

Bitcoin gold blockchain hit by attack: The Bitcoin Gold blockchain has suffered a 51% attack resulting in over $70,000 worth of BTG being double spent. A 51% attack is a situation where a single entity or group controls over half of the hashpower securing a blockchain. This then allows control over confirmation of new transactions, and the power to reverse completed transactions, allowing the double spending of coins. Bitcoin Gold was previously the subject of a 51% attack back in May 2018, when an estimated $18 million of BTG was overspent.
cointelegraph.com

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