Blockchain innovations corp
Delaware is the corporate home to the biggest tech companies and many others in the Fortune , but it wants to continue to innovate in the services and tools that it offers companies. So the state is breaking new ground in regulation by facilitating the use of blockchain technology for record keeping and other purposes. Startups and tech giants alike are driving innovation at a more aggressive pace than ever; but one truism that bears repeating is that governments can play a crucial role in the adoption of new technologies. They can offer guidance to product developers, provide regulatory support to companies that deploy the technology, offer financial incentives, and collaborate with innovative firms looking for their first partners. For example, many nations around the world are looking to promote the adoption of electric vehicles. To do so, they are taking a variety of approaches, including mandating ambitious fuel-efficiency standards, facilitating infrastructure development, and subsidizing consumer purchases with tax breaks and other financial incentives.
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Blockchain innovations corp
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Content:
- ANALYSIS: SPACs—And the Next Trendy Innovation Going Mainstream
- Proposed Russian Crypto Ban Eases Risks, but May Curb Innovation
- Can crypto and blockchain gaming change the creator vs corporation narrative?
- Neogen CEO touts deal with 3M's food-safety unit, says it improves blockchain innovation
- Fortifying your business with blockchain solutions
- BlockChain Innovations Corp. Acquires The Games Company
- Bernstein is a simple web app
- Blockchain’s Role in Factory Automation
ANALYSIS: SPACs—And the Next Trendy Innovation Going Mainstream
SDGs are an urgent global call for action to provide a blueprint for shared prosperity in a sustainable world. At a European level, in December , the European Green Deal was presented, a roadmap to implement the UN agenda with a commitment to a growth strategy that will turn environmental challenges into opportunities across all policy areas. To achieve these SDGs, blockchain is one of the key enabling technologies that can help to create sustainable and secure solutions, since it is able to deliver accountability, transparency, traceability, and cyber-resilience, as well as to provide a higher operational efficiency in global partnerships.
This chapter overviews the potential of blockchain to face sustainability challenges by describing several relevant applications. Finally, different open challenges and recommendations are enumerated with the aim of guiding all the stakeholders committed to the development of cyber-resilient and high-impact sustainable solutions. Computer Security Threats.
In December , the European Commission EC unveiled a plan to become the first climate-neutral organization worldwide by The so-called European Green Deal [ 1 ] is a roadmap for setting the sustainability and well-being of citizens at the center of policymaking and then turning climate and environmental challenges into opportunities across all policy areas. The 17 Sustainable Development Goals SDGs involve the three dimensions of sustainability economic, social, and environmental and require all the stakeholders to act in a global collaborative partnership.
Nonetheless, the mentioned technologies will create ever-increasing complex systems in terms of heterogeneity, autonomy, interoperability, and scalability that will also come with additional cybersecurity risks and threats of malicious attacks.
Distributed ledger technology DLT represents nowadays an evolution toward the so-called Web 3. This new era of the Internet will include a collaborative economy among peers with crowdsourcing data sharing systems [ 3 , 4 ]. A blockchain is a specific type of DLT that involves timestamped blocks of transactions linked in a chain by cryptographic hashes. Blockchain presents a decentralized architecture that provides benefits in terms of security, privacy, non-repudiation, integrity, accountability, transparency, robustness, and authentication.
Thus, the contribution of this chapter is to provide a global overview of blockchain as an enabler for sustainability and open innovation. In addition, its aim is also to make the different involved stakeholders to rethink global development challenges to create cyber-resilient, decentralized, and high-impact sustainable developments.
The rest of the chapter is organized as follows. Section 2 overviews the basic concepts of blockchain.
Sections 3 and 4 summarize the main principles of blockchain for sustainability and open innovation. Section 5 presents some relevant use cases of blockchain-based applications toward each of the SDGs. Section 6 summarizes the key main benefits of blockchain for SDGs and their main open challenges. Finally, Section 7 is devoted to conclusions. A blockchain is a secured distributed ledger whose data are shared among peers [ 6 , 7 , 8 , 9 ]. In some blockchains like Bitcoin, decentralized miners validate every transaction by following a consensus protocol , which allows them to solve the Byzantine Generals Problem i.
In the case of cryptocurrencies, the problem to be solved is called the double-spend problem: it must be guaranteed that the exchanged digital cash was not spent previously [ 6 ]. There are four main types of blockchains depending on who can access the stored data private or public blockchains and who can manage such data permissionless or permissioned blockchains.
Since a blockchain can store any kind of digital information, it could be the future of all secure transactions. Moreover, blockchain enables smart contracts, which consist of self-sufficient decentralized code that is executed autonomously according to a business logic. Furthermore, some blockchain platforms can also run decentralized applications, which are commonly called DApps [ 10 ].
Another important concept is the so-called decentralized autonomous organization DAO , which can operate without requiring management hierarchy or a centralized authority [ 11 ]. Nevertheless, DAOs are still very immature from the legal and security standpoints e. Since , a number of DAO initiatives have arisen e. In addition, the proliferation of DAOs is linked to the concept of decentralized autonomous society DAS , in which citizens may be able to establish self-enforcing trade agreements without relying on centralized institutions of power and control.
It must be noted that a blockchain is not suited for every SDG-oriented application, which must fulfill the following main requirements: Trustworthy transactions are needed, but traditional databases do not cover the application needs. The updaters are not willing to give the control of the database to a third party, and the involvement of intermediaries wants to be avoided when possible. A database could be used, but it is likely to be attacked e. Additional requirements could be involved, so several researchers have proposed more detailed decision frameworks about the use of blockchain [ 6 , 12 , 13 ].
It is worth mentioning that a detailed description of the different blockchain design aspects is out of the scope of this chapter, but the reader can find additional insights on the following recent works [ 4 , 6 , 8 , 13 ]. Sustainability is related to the effect that current actions will have upon the future.
Such an effect can take many forms that vary depending on their nature, like the utilization of natural resources as a part of production processes, the waste management processes, the effects of competition among corporations in the same market, the enrichment of the community by creating employment, the produced pollution, the outbreak of a pandemic, or the relation with regulators. For example, if natural resources run out, then they may be no longer available i.
Thus, the way in which economic, social, and environmental resources are efficiently managed is a key issue for long-term sustainability. The definition of CSR and RBC is related with ethical behavior and particularly with the relationship between a corporation and its stakeholders within a societal context, integrating social, environmental, and economic concerns into its business processes [ 14 ].
Within this context, blockchain is able to bring advantages toward sustainability in four main aspects: cybersecurity, accountability, transparency, and traceability: Cybersecurity. Applications for sustainability should be enabled by a robust digital infrastructure resilient to cyberattacks [ 15 ]. Cybersecurity should be implemented by design in the underlying technologies e.
It is related to an organization e. It implies to quantify the internal and external effects of the actions and report them to all the stakeholders. Such a reporting needs to be understandable, relevant, reliable, and comparable between different organizations and over time.
It implies that the external impact can be obtained from reporting by all the external stakeholders [ 16 ]. It is the ability to identify and trace assets e. Therefore, it is a key organizational capability to foster sustainability. Two main categories can be considered within traceability [ 19 ]: internal i.
The importance of external traceability has been enhanced by globalization, the free movement of people and the global expansion of complex supply chain structures, combining networks of actors from multiple sectors business, public, non-profit, and informal in multiple locations. Open innovation, where innovative knowledge and ideas flow freely internally and externally to an organization, has become an important factor to enable sustainability [ 20 ].
To address SDGs, the EU recognizes the need for strengthening the impact of research and innovation and the use of coordinated approaches to ensure knowledge exchanges at an EU level [ 15 ]. These coordinated approaches will involve stakeholders with inter- and transdisciplinary points of view and the ability to manage jointly these development processes SDG 17, partnerships for the goals [ 21 ].
Although the current literature in open innovation details theoretical frameworks to guide solution development [ 20 , 22 ], this development implies novel governance models that create thriving and diverse ecosystems where solutions are conceived, designed, experimented, implemented, supplied to the market, scaled up, and adopted.
In that sense, one of the latest paradigms is called Open Innovation 2. Open innovation is uncertain and involves a high risk [ 20 ]. However, the lack of trust is today a major concern that withholds the cooperation and involvement of stakeholders in open innovation processes [ 24 ], especially for small- and medium-sized enterprises SMEs. This need for orchestrating multiple stakeholders in a trusted and reliable way matches perfectly with the distributed nature of blockchain [ 20 ], which also provides the following main benefits: Stronger intellectual property IP protection.
It includes responsible open-source licensing, processes of idea claiming [ 25 ], IP registries e. In addition, profits e. Accurate collaboration between stakeholders modeled through smart contracts. Content can be shared among the stakeholders using smart contracts. Such smart contracts may deal with timestamping any IP disclosure or creation and automate corrective actions when unauthorized IP usage, IP infringements, and disclosure happen, acting as signed NDAs [ 25 ].
Furthermore, incentivized and rewarding mechanisms can be established e. Open data. It means the availability of data to all the stakeholders with a high degree of privacy i. Regulatory compliance. It involves back-office processes mostly burdensome and inefficient to report to regulatory bodies.
It also enables new open governance models. Currently there are few examples of academic research on the use of blockchain for SDGs. This section provides some relevant use cases of blockchain-based applications toward each of the SDGs. Such use cases are summarized in Figure 1. Access to credit and financial services e. For instance, crowdsourcing and crowdlending platforms can also ease financial inclusion.
Blockchain can help to increase the efficiency, traceability, and transparency of these financial processes [ 27 ]. Moreover, micro-transactions and automatic funding through forecast-based financing [ 28 ] can be implemented jointly with smart contracts and big data analytics. Such models can provide more efficient funding, since no additional intermediaries are required and some procedures can be substantially simplified. According to [ 29 ], For instance, only 6 of such countries represent Nevertheless, a substantial percentage of the assistance was and is today lost due to fraud and corruption.
Blockchain can be applied to provide tracking of the funds and to reduce cyberattacks. The authors of [ 28 ] highlight the need for ethical guidelines i. In , the World Food Programme WFP [ 30 ] developed a proof of concept PoC in Sindh Pakistan named Building Blocks to evaluate blockchain for authentication and registration of transactions without financial intermediaries.
Refugees have restrictions to open bank accounts and limited choices regarding the access and spending of their cash assistance. Building Blocks was also deployed with the aid of a biometric authentication system i.
Sustainable food production systems along their life cycle can be guaranteed with the traceability properties of blockchain e. In Yue et al. In addition, blockchain can be used for managing data more efficiently during public health diseases. For instance, with the current rapid spread of the coronavirus disease COVID pandemic, a blockchain-based monitoring and traceability system can help to automatically identify unsafe areas by using geographic information and provide real-time information about patients e.
As a result, it may keep communities from further infections and ensure or even certify that some locations e. For the implementation of such an application, cybersecurity and privacy i. Disease control may also depend on the ability of organizations e. It must also be noted that richer countries are better prepared than poorer countries to identify a virus outbreak, to face infection with public health contingency plans, and to minimize the socioeconomical impact.
The authors of [ 32 ] have thoroughly reviewed the utilization of emerging technologies like blockchain, IoT, and fog and edge computing for improving education. Examples of applications include record verification [ 33 ], the management of digital copyright information [ 34 ], or the design and evaluation of novel learning approaches [ 35 , 36 , 37 ].
Proposed Russian Crypto Ban Eases Risks, but May Curb Innovation
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Can crypto and blockchain gaming change the creator vs corporation narrative?
Blockchain is best known as a sophisticated and somewhat mysterious technology that allows cryptocurrencies to change hands online without assistance from banks or other intermediaries. But in recent years, it has also been promoted as the solution to business issues ranging from fraud management to supply-chain monitoring to identity verification. A few pioneers in retail and other sectors are exploring blockchain business applications related to supply-chain management and other processes, but most are reluctant to proceed further because of high costs, unclear returns, and technical difficulties. But we may now be at a transition point between Blockchain 1. In the new era, blockchain-enabled cryptocurrency applications will likely cede their prominence to blockchain business applications that can potentially increase efficiency and reduce costs. These applications will be in a good position to gain steam since many large tech companies may soon begin offering blockchain as a service BaaS. As blockchain deployment becomes less complex and expensive, companies that have sat on the sidelines may now be willing to take the plunge.
Neogen CEO touts deal with 3M's food-safety unit, says it improves blockchain innovation
The internet is too important to billions of people for it to be at the mercy of a few powerful companies. We are developing the technology to disrupt centralised online services and enable institutional innovation. What if we no longer had to route our interactions through centralised services? What if data breaches were a remnant of an old flawed infrastructure? Each piece of Parity's technology is a step towards a society run on peer-to-peer networks instead of by a handful of corporations.
Fortifying your business with blockchain solutions
Opinions expressed are solely those of the author and do not reflect the views of Rolling Stone editors or publishers. Unprecedented access to information, ideas and funding is leading younger generations to trust technology over institutions. A phenomenon occurs when you hear or see something that catches your attention — a word, an idea, or in this case, a statistic — and then you start to notice it seemingly everywhere. A scientific neurological explanation for this is reticular activation. As you go about your day, when something piques your attention and your brain creates a new filter for it, you will be alerted to affirming evidence more often.
BlockChain Innovations Corp. Acquires The Games Company
In an era when all things and services will be connected by information, blockchain is expected to be a fundamental technology that supports connecting people and businesses more "openly," in a manner that provides safety and security. Going forward, to further pursue possible uses in a wide range of areas, including supply chains, mobility services, and "Woven City" announced on January 7, , and create new value in the future, the accumulation of technical knowledge and promoting solutions for implementation in business, is now necessary. In this regard, Toyota Blockchain Lab will expand collaborations more than ever with various partner companies. The progress of the IoT has connected various things and services through information and brought greater convenience and efficiency. On the other hand, it has increased the importance of responding to security concerns such as information leakage, tampering, and unauthorized use. In the automotive industry, during a once-in-a century period of profound transformation, Toyota is aiming to become a "Mobility Company" that provides wide-ranging services related to transportation. In realizing this goal, to promote "making friends" both inside and outside of the Group, it is important to create an environment where customers who use products and services and various businesses that provide them can connect more "openly" under "safety and security.
Bernstein is a simple web app
Neogen CEO John Adent on Wednesday touted the company's deal to merge with 3M 's food-safety unit, telling CNBC's Jim Cramer it improves revenue growth opportunities and fuels innovation on emerging technologies such as the blockchain. Neogen — which makes animal health-care products and food safety tests, including those that can be used to detect pathogens and allergens — announced merger plans Tuesday. The news sent the Michigan-based company's stock higher by 8. Combining with 3M's food-safety unit "doubles the size of our business," Adent said in an interview on "Mad Money.
Blockchain’s Role in Factory Automation
Chicago, Illinois-- Newsfile Corp. However, it is the core principles of the project, and founder Jacob Beckley's vision for the future that is really turning heads. Unlike most projects that launch and then attach themselves to a charity component as an afterthought, CURE is charity first. Already these donations have had an immeasurable impact on the lives of so many families and children suffering from childhood cancer - including paying for 4-year-old Lukas' dream holiday to Disney World, and providing care for terminally ill Alex. This ceaseless wave of positive work has now caught the eye of big names, including platinum-selling musician Majestic Drama, who has joined the project as ambassador.
SDGs are an urgent global call for action to provide a blueprint for shared prosperity in a sustainable world. At a European level, in December , the European Green Deal was presented, a roadmap to implement the UN agenda with a commitment to a growth strategy that will turn environmental challenges into opportunities across all policy areas. To achieve these SDGs, blockchain is one of the key enabling technologies that can help to create sustainable and secure solutions, since it is able to deliver accountability, transparency, traceability, and cyber-resilience, as well as to provide a higher operational efficiency in global partnerships. This chapter overviews the potential of blockchain to face sustainability challenges by describing several relevant applications. Finally, different open challenges and recommendations are enumerated with the aim of guiding all the stakeholders committed to the development of cyber-resilient and high-impact sustainable solutions. Computer Security Threats.
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