French finance minister criticizes crypto: French Finance Minister Bruno Le Maire has doubled down on his criticism of cryptocurrencies, claiming that some of them are utilized anonymously for facilitating illegal transactions conducted for purchasing drugs, weapons or laundering money. Still, he also made it clear that he doesn’t question the reliability and traceability of the blockchain technology.
Chainlink to track US election results on the blockchain: The Associated Press and blockchain company Everipedia have announced a new partnership. Their goal is to use a new product that leverages Chainlink to publish US election results on the blockchain. The partners emphasized the need to help create verifiable sources of information.
Travel in China possible again thanks to blockchain technology: Due to the consistently low Covid-19 infection rates in China, travel from the mainland to the island and Macau Special Administrative Region is allowed again. This is made possible by the Chinese companies FISCO BCOS and WeIdentity, which are providing blockchain technology to enable the exchange of health data during border controls. FISCO BCOS provides the corresponding platform, while WeIdentity promises to guarantee the health data security of travelers. Both companies assume that the data exchange can be reduced to 100 seconds when a person crosses the border for the first time and to three seconds for each further crossing.
Finance market experts skeptical about cryptocurrencies as an investment: According to a survey by the German Association for Financial Analysis and Asset Management (DVFA), the members of the professional association are divided on the subject of cryptocurrencies. 60% of those surveyed consider cryptocurrencies to be rather or very unsuitable as a means of payment. A full 75% consider crypto unsuitable as an investment. Most members of the DVFA cite the risk of hacking as their main reason for concern. Nevertheless: a majority of 62% see digital currencies from central banks as a sensible development.
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E-athletes: Company pays salaries via cryptocurrency cointelegraph.com
Circular economy: Blockchain – a panacea for the circular economy? process.vogel.de
Development aid: How blockchain can help people in developing countries diginomica.com
Science: Blockchain professor at the University of Basel inside-it.ch
Blockchain law: Swiss government starts consultation cointelegraph.com
NUMBER OF THE WEEK
According to an analysis by business consultancy PwC, blockchains will bring in 1.76 trillion dollars by 2025.
The future of the real estate industry lies in blockchain technology: The pandemic is presenting the real estate industry, which has been booming for years, with new challenges. The emerging digitization of the industry is making blockchain technology more attractive. This becomes evident in the area of financing. If the low interest rate policy continues, investing in Bitcoins can be an option, as high returns are still possible here. Blockchains could also simplify the many necessary steps and prerequisites for buying real estate and renting.
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Digital identity via blockchain? A group of high-tech corporations such as Microsoft and the Rockefeller Foundation, aid organizations such as CARE and the vaccination alliance GAVI are currently working in partnership with the US government, the EU Commission and the UN refugee agency UNHCR to create transnational digital identities for everyone. The so-called ID2020 could include data such as training and vaccination certificates, financial status, accounts on Facebook or data from the smartphone, by means of which every person could be unequivocally identified. The data could be stored on a blockchain to protect it from manipulation and deletion.
“Just from what I know from all of the institutions, all of the people I speak to, there is an enormous wall of money coming into this.”
Bitcoin hitting one million dollars by 2025 is “about right,” Real Vision founder and CEO Raoul Pal has confirmed.
Blockchain board game: Three financial experts from Zurich are using crowdfunding to collect money for a board game all about blockchain and cryptocurrencies. “Token Economy” is intended to help people understand the complicated subject in a playful way. Financiers are urgently needed.