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Back to Square One
With the advance of new technologies and its increasing use by the world’s population, we are facing an unprecedented generation of data. This phenomenon brought concepts like “big data”, the analysis and interpretation of large volumes of data, structured or unstructured. Whereas blockchain is, in essence, a distributed database, there is a clear intersection between this technology and big data. In this edition, we suggest the article “How Blockchain Will Disrupt Data Science: 5 Blockchain Use Cases in Big Data”, by Salih Sarıkaya, which addresses the relationship between the two themes, in a direct and simple way.
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Block News
The Central Banks of Canada and Singapore made their first swap of digital currencies through Blockchain technology – On a joint statement, the Bank of Canada (BoC) and the Monetary Authority of Singapore (MAS) announced the achievement of their first foreign exchange swap, between central banks, of digital currency using Blockchain technology. Through the connection between the autonomous projects of each country (Jasper Project, from Canada, and Ubin Project, from Singapore), the two countries have cooperated in use of distributed technology to make the international payment process more cheap, fast and secure. According to Sopnendu Mohanty, Chief Executive of MAS, the union of these projects has approached several technical issues and taken the technology to a higher level of maturity. (BLOOMBERG, 05.02.2019)
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Starbucks will track coffee using Blockchain technology – Starbucks, the coffeeshop network, is working with Microsoft to prepare its “Azure Blockchain Service”, designed to track their shipping of coffee around the globe, ensuring traceability in real time. With the partnership, Microsoft blockchain will register all changes along the transportation, providing a more complete view of the supply chain. Based on such data, Starbucks will update the application, allowing its customers to have access to information on the production of coffee beans and evaluate them. The project also aims to help farmers, by granting them the verification of location from their final coffee bean customer. (COINDESK; 05.07.2019)
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The United States intends to combine 5G, Blockchain technology and Artificial Intelligence – Targeting at a revolution in wireless technology speed, the Federal Communication Commission of the United States (USFCC) plans to combine 5G, Blockchain and Artificial Intelligence and, thus, overcome their biggest rival, China. According to Jessica Rosenworcel, USFCC Commissioner, the combination of Blockchain with Artificial Intelligence (AI) will allow the wireless spectrum to have a more dynamic and flexible function, in order to allow the connection of billions of devices to the 5G network at the same time. In the U.S., in China and in other countries it is already common the use of AI for the advance of wireless technology, but it has not yet been possible to use the 5G in this equation. (MIT TECHNOLOGY REVIEW; 05.07.2019)
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Microsoft releases an identity tool built in the Bitcoin Blockchain – Microsoft announced the Ion project, a decentralized identity solution based on the Bitcoin blockchain. The Microsoft identity infrastructure is the first created directly on the Bitcoin blockchain. An anonymous source informed CoinDesk that the Ion will pass from the test network to the main network of Bitcoin by the end of this year. (COINDESK; 05.13.2019)
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A partnership between big retailers and Blockchain platforms enables payment of products via crypto – Flexa, a payment startup, and Gemini, the Winklevoss brothers’ company, partnered with the objective that big retailers accept payments via cryptoassets. The payment is made via mobile consumer application, that transfer cryptoassets from the app or the virtual wallets to the store by simply reading the code that appears in the mobile. According to the CEO of Flexa, Tyler Spalding, the adoption of this form of payment is a great alternative in comparison with existing methods, taking into account the fees paid to the existing payment networks. (FORTUNE; 05.13.2019)
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Blockchain Desk Recommends
Over the past few years, the cryptoeconomics has grown significantly and everyday some billion dollars in transactions are processed. To map where the cryptoassets operators are spread around the world, the DataLight published the study “How are crypto traders distributed across the globe?”, which here we indicate.
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Blockchain Desk.