Nations, banks, and the private sector are on fire over the promise of adopting Bitcoin’s blockchain technology for their own gain. It is simply faster, more secure, and more cost efficient than the ancient systems still in use today.
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Peer2Politics
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on peer-to-peer dynamics in politics, the economy and organizations
Curated by
jean lievens
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Bitcoin's Core Developers Left Bitcoin Project to Start a New Digital Currency called DECRED. 
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IBM to release open source software that could be used to create digital contracts that—like bitcoin transactions—would be recorded publicly and securely on a world-wide computer network.
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If one could combine in a financial asset four key attributes: the anonymity of cash, a guaranty of trustworthiness, the convenience and scalability of digital transfer, and a reliable store of value, you would have an extraordinary product.
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Forget the currency; it’s the protocol behind it that matters. It will mutate and take over everything we do (or could one day do) on the Web. You’ve been warned
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Entrepreneurs and established companies are exploring how they can adapt the blockchain, the decentralized ledger that runs bitcoin, for other purposes. But there are still obstacles to widespread use.
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There are a lot of abstract problems related to money for which bitcoin is supposedly the savior. It is supposed to free us from central banks, and regular banks, and onerous centralized authority.
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South African payments gateway PayFast added bitcoin as a payment method on its platform, partnering with the BitX exchange and allowing buyers to make purchases using bitcoin at over 30,000 online sellers...
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IBM may be looking to further its exploration of bitcoin and blockchain products, according to a new report by Reuters.
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Has the Bitcoin experiment run its course? According to Mike Hearn, who claims to be one of the founding developers, the answer is yes. He cites technical problems, the block is too small, transactions take too long, and no one can agree on what can be do to resolve these issues. Rumours abound that Bitcoin Foundation…
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The technology behind bitcoin lets people who do not know or trust each other build a dependable ledger. This has implications far beyond the cryptocurrency
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The electronic currency Bitcoin works because of encryption and a blockchain -- a widely accessible, distributed record of everyone who has created, accessed or altered a given file.
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From
recode
It may be that there is no viable middle ground between a centrally controlled media platform and an entirely decentralized media platform
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Retail rewards points – frequently flyer miles, hotel loyalty points, return-customer retailer programs and so forth – that make use of cryptocurrencies or their underlying blockchain technology were exempted from the regulations.
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Using the same ideas that underpin Bitcoin, an Estonian company says it can ensure no one can alter digital files, not even an organization's most senior executives.
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Bitcoin might fail but the blockchain is here to stay Full WIRED Retail talk.
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From
medium
Digital currency is “one of the most promising emerging technologies for the next 10 years,” according to Joi Ito, director of the MIT Media Lab. More than $600 million has been invested by venture capitalists in startups building on bitcoin and related digital currencies. Additionally, companies like UBS, IBM, and Intel have established labs to identify opportunities to leverage digital currency.
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“Bitcoin 2.0” — also known as “Blockchain 2.0” — has parallels with the sweeping innovation that was unleashed by an earlier groundbreaking platform: the Internet, report Paul Vigna and Michael J. Casey.
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