Latest News on the Largest Bitcoin Event
Image source: ethereumworldnews.com
As I have mentioned Coindesk's Consensus 2018 Conference briefly in my previous posts (here), the biggest Bitcoin event is rounding up with some highs that should not be missed. Let me sum it up for you what has been discussed so far.
1. More Large Players Coming Onboard
Blockchain is the brand new emerging technology that will be adopted by more large businesses in the future. According to ThirtyK - Mark Toner, FedEx, IBM, and Microsoft are getting on board. Due to increasing demands for blockchain solutions, Microsoft has announced the Azure Blockchain Workbench, a new set of tools for developers that work with distributed ledger tech, just days before the start of the Blockchain Week (source: Coindesk - Nikhilesh De).
As logistics have become increasingly global, blockchain “has the potential to completely revolutionize trade across borders,” said FedEx CEO Frederick W. Smith.
Source: ThirtyK - Mark Toner
Image source: pixabay - TheDigitalArtist
2. Regulators Say "Hi"
A panel of regulators took the stage with Bittrex CSO Kiran Raj including Robert A. Cohen of the Securities Exchange Commission (SEC), James McDonald of the Commodity Futures Trading Commission (CFTC), Sujit Raman of the U.S. Department of Justice (DOJ) and was moderated by Steve Bunnell, Chair of Data Security and Privacy Practice and the interim Chief Legal Officer of Bittrex (source: Coinjournal - Ian Demartino).
Although many big names went present, the tough questions on cryptocurrency regulations were not addressed. Since they were invited guests of the conference and not holding their press release, it was difficult for plans to be announced. However, their welcoming address on cryptocurrency could mean friendlier futures for the cryptocurrency ecosystem. While regulators remain a firm stand against fraud, they would have to act quickly in order to continue to welcome new businesses that adhere to their rules to stay in the US.
Image source: Ripple.com
3. Ripple's Xspring Initiative for Entrepreneurs
Xspring is an initiative targeted at budding entrepreneurs willing to use XRP and the XRP Ledger to solve real-life problems. As reported on Globalcoinreport - David Gekko, Xspring offers XRP and its Ripple software products to support the startup environment.
The characteristics of XRP and the XRP Ledger – superior speed, scalability and stability — make it perfect for entrepreneurs looking to solve problems across identity, trade finance, gaming and virtual goods, provenance, real estate, insurance, digital media and many other industries. Xpring’s entrepreneurs and companies will leverage XRP for use cases like these, among others.
Source: Ripple.com
For updates by Billy Bambrough, head over to Forbes.com for his latest update on Consensus 2018.
So is Xpring aiming to actually encourage use and adoption of the XRP coin, rather than just Ripple technologies as has often been the case in the past?
Yes, Ripple always try to promote XRP together with their other technologies complementing the XRP blockchain. Very smart indeed :)