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“Blockchain can solve World’s toughest challenges,” says Stanford Blockchain Research

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A look at the highlights and the projects from the Stanford blockchain research that goes beyond the hype surrounding blockchain and emphasizes on ‘use case’. Research estimates that 55% of social-good blockchain initiatives will show impact in early 2019.
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“Potential to transform systems and leapfrog infrastructure can enable solutions that previously weren’t thought to be possible” read the Stanford research report after studying 193 organizations leveraging blockchain technology.

blockchain news stanford

Research that aimed at going beyond the hype to study the true transformational potential of blockchain in the areas of Agriculture, Democracy and Governance, Digital Identity, Energy, Climate and Environment, Financial Inclusion, Health, Land Rights, Philanthropy, Aid and Donors, Education, Human Rights, and Water.

Cryptotapas followers may recollect that in a recent article, we noted that Blockchain’s biggest transformation potential lies in these areas. You can refer to the article on Blockchain and its impact on our future.

Research calls Estonian Government’s adoption the most advanced adoption of Blockchain in a Government sector with 99% of Government sectors services now available on e-services.

Health sector seems to be at the forefront of Blockchain adoption with almost twice the percentage of blockchain initiatives, compared to Financial Inclusion, focused on the Health sector.

Research looks at the projects that are working in the sectors examined.  Below is a complete list of projects studied in this research by category.

Agriculture

blockchain in agricultureResearch highlights the major issues that face Agriculture industry including maintaining food safety compliance data on paper trails making it next to impossible to trace the origin of certain products.

Blockchain can bring tracking and transparency to the Agriculture industry while facilitating faster and cheaper settlements among all participants of Agriculture ecosystem.

Sector

Project

Challenges addressed

AgricultureAgriDigitalBrings all players in the Agriculture supply chain onto one platform to facilitate buying, selling and storing grains
AgricultureGrassRoots CooperativeBringing product’s supply chain tracking onto a single user platform to bring transparency to supply chain
AgricultureBext360Bringing coffee onto blockchain and aiming to make coffee farmers lives better in the process

 

Democracy and Governance

blockchain governance Blockchain can address security and logistic issues surrounding voting process and Government data exchange without compromising the safety of Citizen’s data.

Reducing costs and facilitating cross-verification can be significant improvements offered by Blockchain technology that existing systems fail to cater.

Research shows that “81% of projects are already achieving impact or on track to do so in 2018” through blockchain use in the Democracy and Governance space.

Sector

Project

Challenges addressed

Democracy and Governancee-EstoniaBringing Government onto Blockchain; more than 1000 Government services available on e-Estonia
Democracy and GovernanceVotemMobile voting platform to cast votes from anywhere in the world

 

Digital Identity
Identity Blockchain

There are over 2 billion people that are unbanked. The biggest issue for these individuals is to have a proper identity that can be used to avail services offered by Government and private agencies.

Providing a digital identity that cannot be tampered with using Blockchain technology can transform billions of lives. This will prove to be an effective and inexpensive solution to a global problem.

Digital identity will also help simplify make the Know Your Customer (KYC) and Anti-Money Laundering (AML) for everyone.

Sector

Project

Challenges addressed

Digital IdentityBanQuBlockchain-as-a-Service (BaaS) platform bringing identification to the poor and the unbanked
Digital IdentityAid:TechEnterprise level solutions to tackle legal identity and financial inclusion

 

Energy, Climate and Environment
Blockcahain Energy

Blockchain technology can significantly reduce the overhead costs in the energy sector that operate in highly regulated markets.

Blockchain technology has the potential to expand the services to new users via microgrids.

Research does caveat that the impact of Blockchain technology in the Energy, Climate and Environment sector will take longer than other initiatives, about 2-3 years but the impact would be far-reaching.

Sector

Project

Challenges addressed

Energy, Climate and EnvironmentGrid SingularityFacilitating decentralized energy data exchange on its platform
Energy, Climate and EnvironmentME SOLshareBringing electricity to remote parts of Bangladesh

 

Financial Inclusion

With over 2 Billion unbanked individuals across the globe, Blockchain offers a massive potential to change the financial lives of the masses.

If you can get a phone, you should be able to avail financial services.  Blockchain can eliminate or drastically reduce the infrastructure requirements by embedding digital identity aspects.

Sector

Project

Challenges addressed

Financial InclusionMojaLoopOpen-source software bringing financial inclusion to masses by facilitating interoperability among various players
Financial InclusionWeTrustDecentralized platform for financial services

 

Health

Health and BlockchainMaking exchange of health information across various players in the healthcare sector cheaper, safer and faster is a massive undertaking.

Providing health information in a timely fashion could mean saving lives.  This has to happen without compromising privacy and security concerns. The blockchain is a great solution to address the issues of privacy and security.

Blockchain’s immutability and transparency features can also help with curb the counterfeit issues in the health sector.

Sector

Project

Challenges addressed

HealthModum.ioDigital value chain monitoring solution

 

Land Rights
Realestate land and blockchain

Blockchain has potential to bring transparency and trust to the real estate transactions.  When the information is recorded on Blockchain, it is almost impossible to delete or alter it. This makes it difficult to cheat people by selling the same real estate property twice.

Sector

Project

Challenges addressed

Land RightsChromawayBringing land title registration onto Blockchain, already working with Sweden and Andhra Pradesh State in India

 

Philanthropy and Aid
Social welfare and blockchain technology charity

More people would be willing to give to charity if they were transparent. We have had cases where the world’s biggest charity organizations came under investigation because of embezzlement and fraud charges.

Blockchain can bring transparency to the Philanthropy sector and help drive more funds to the right causes at the right time with 100% transparency.

Sector

Project

Challenges addressed

Philanthropy and AidIxo FoundationOpen-Source blockchain protocol for the social impact
Philanthropy and AidDisberseA platform that enables tracking of international flow of funds from donor to final recipient
Philanthropy and AidRoot ProjectOn a mission to plant one million coffee and cacao trees

This research comes at the time when blockchain space needs a little boost.  Overall, the research is optimistic about the Blockchain’s use and potential impact on the various industries and sectors across the globe.

While some industries will take longer than others, research reiterates the fact that Blockchain will undoubtedly change many facets of our lives, for the better.

Thank you for reading this article.

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IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

CryptoTapas does not endorse or guarantee the accuracy of the information and claims made in respective publications referenced in this database.

About the author

RK Reddy holds two Masters degrees, one in Accounting and another in Business Administration with over 15 years of experience in the financial services industry.

RK Reddy is an ardent fan of Blockchain and Cryptocurrencies. You can see the excitement about this new technology in every article on Cryptotapas.com. Sometimes this excitement leads to an overly optimistic view. Guilty as charged. RK Reddy says what may seem like an ‘overly optimistic expectation’ today may become an everyday norm in 5-10 years; look at the history of cars or airplanes, Blockchain and Cryptocurrencies belong to a similar frame of reference.”  Of course, that is just his opinion.


CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

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Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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CryptoSpace

Lessons from the Veteran HODLERS to the Newbies!

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Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

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crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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