Blockchain News

Decentralised “Uber” 

From the moment blockchain technology was successfully implemented, the idea of a decentralised ridesharing service has always been spoken of. Only a few start-ups have effectively implemented this idea one being “Arcade city” based in the US which has been nicknamed the “Uber killer”. Chen Weixing, founder of Chinese ride-hailing app Kuaidi Dache, is the latest to throw his hat in the ring, with plans to build the latest blockchain-based ride-sharing app. Only time will tell if this venture will be successful for Mr Weixing. Although I must say the odds are not in his favour.

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Monster Money Network  

Embattled headphone manufacturer Monster Products Inc. The company is most famously known for signing away the rights to its beats headphone. have applied to launch a $300 mln Initial Coin Offering. With the proceeds, expected to go towards the forming of an Ethereum based platform. The plan is to issue 500 million Monster Money Network tokens, with 60% of it being sold as part of the ICO.

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Blockchain for Goods  

Deloitte published a report on Thursday looking at the use of blockchain technology in the retail and consumer packaged goods industries. The report expects blockchain to achieve widespread adoption and encourages businesses to adopt it. However, the following quote offers some insightful thought: “Businesses that do not consider how blockchain may affect their operations are at risk of falling behind and losing out on potential growth opportunities. If done correctly, however, the investment could be transformational”. I am sure we all get into business to be transformational, the time to implement blockchain is now.

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Deloitte report


Deutsche Borse’s 2020 vision  

Deutsche Bourse plans to spend EUR270 million on blockchain, big data analytics, cloud computing, as well as robotics and artificial intelligence, as part of a 2020 roadmap. However, the drawback is we are expecting to see 350 jobs cut to increase scope for new technology investments. On the other hand, the successful implementation of the different technologies is expected to bring several hundred new jobs.

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Quote of the day: “If we don’t plant the right things, we will reap the wrong things. It goes without saying. You don’t have to be a brilliant biochemist and you don’t have to have an IQ of 150. Just common sense tells you to be kind” – Maya Angelou

Other Posts

  • Blockchain News

    1st June 2018
  • Blockchain News

    25th May 2018
  • Blockchain Weekly Review

    18th May 2018

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