| 1. Overstock Blockchain-issued securities from Overstock? The SEC says ‘Yes!’ (Wired)
2. Price The price of bitcoin rose to its highest average in over a year, according to the CoinDesk Bitcoin Price Index. (CoinDesk) 3. BitPesa M-Pesa operator Safaricom avoids being forced to grant access to BitPesa. (CoinDesk)
4. IBM JPMorgan, the London Stock Exchange, Intel and others join the tech giant in launching an open-source blockchain. (Wired, Fortune) 5. R3 Consortium Twelve more banks have joined the growing blockchain experiment. (CoinDesk) Blockchain Analogy of the Week
Do you know what gluten is, what it does? Something to do with bread, you say?
Well, that’s just the point of a comment by Tim Swanson, head of research at R3CEV, in the FT recently, when explaining the gap in understanding when people hear the word “blockchain”.
“Blockchain is a bit like gluten. Everyone is talking about it but no one knows what it is in great detail,” he said.
Likening blockchains to a fad, Swanson went on to say: “People have to deliver something within the next 12 to 18 months or they will go back to their existing technology vendors.”
Pressure’s on, guys…
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