| | NOVEMBER 9th, 2016
“Civilization rests on the fact that we all benefit from knowledge which we do not possess.” – Friedrich Hayek
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Deloitte is expected to open-source its Smart Identity platform.
Developed on ethereum, the service allows users to control their official identities and who has access to them. This has both humanitarian and business implications, allowing people anywhere to establish and protect an ID that can be used to set up residence, open bank accounts, or even vote.
The move to open-source the work is a recognition of the need to involve as many participants as possible in the creation of a more agile and private solution. As markets reflect heightened uncertainty, a collaborative approach that enhances security and freedom could be just what the blockchain sector needs. (Read the full story).
Wait, there's more:
· Vindication. Overstock’s T0 blockchain intends to make it impossible to trade on naked shorts, or short sales without borrowed stock. Apart from lower volatility and risk, blockchain trading could also bring more transparent ownership. Read more.
· Wow. Trump pulled off a presidential election upset, sending bitcoin and global markets for a ride. Read more.
· Growth in Asia. Digital currency exchange Gemini expands its operations into South Korea and Japan. Read more.
· Dropped the ball. A new report by the Treasury Inspector General for Tax Administration urges the Internal Revenue Service to come up with a more cohesive and comprehensive policy on digital currency transactions. Read more.
· New clothes. Coinbase reveals its new UX, to reflect its shift in focus from wallet to exchange. Read more.
· Politics and bitcoin. Or is it ‘presidential campaigns and bitcoin’? We’re not sure. Either way, the conclusion seems to be “no comment”. Looking at you, 2020. Read more.
BTC: $727.87 +2.5%
ETH: $10.58 -2.0% at 10:00am more details
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