‘blockchain’ Tagged Posts

A blockchain agency purchased asteroid mining firm Planetary Sources

Right here’s a match made in…I don’t know, someplace on the blockchain, I suppose. Pioneering area startup Planetary Sources was acquired by, o...

 

Right here’s a match made in…I don’t know, someplace on the blockchain, I suppose. Pioneering area startup Planetary Sources was acquired by, of all issues, a blockchain agency this week. ConsenSys, a Brooklyn primarily based agency that makes a speciality of all issues Ethereum issued an announcement noting that it has snagged the asteroid mining  firm.

It’s not solely clear how the 2 firms will work collectively, although ConsenSys founder Joe Lubin (who additionally helped creator Ethereum) did handle to say “decentralizing area endeavors,” which is actually on-brand for the pinnacle of a blockchain firm.

“I love Planetary Sources for its world class expertise, its document of innovation, and for uplifting individuals throughout our planet in assist of its daring imaginative and prescient for the longer term,” Lubin stated in an announcement tied to the information. “Bringing deep area capabilities into the ConsenSys ecosystem displays our perception within the potential for Ethereum to assist humanity craft new societal rule methods by automated belief and assured execution. And it displays our perception in democratizing and decentralizing area endeavors to unite our species and unlock untapped human potential.”

Lubin additionally promised to supply up extra data within the coming months. Meantime, Planetary Sources CEO Chris Lewicki (previously of NASA JPL) and Normal Counsel Brian Israel will each be becoming a member of ConsenSys. Right here’s what Lewicki needed to say concerning the matter, “I’m happy with our crew’s extraordinary accomplishments, grateful to our visionary supporters, and delighted to hitch ConsenSys in constructing atop our work to increase humanity’s financial sphere of affect into the Photo voltaic System.”

Based in 2010 as Arkyd Astronautics, Planetary Sources was thought-about a vivid gentle on this planet of privatized area firms, with X Prize founder Peter Diamandis on-board as director. Earlier this yr, nevertheless, the corporate famous that it was rethinking its method and making cutbacks after failing to safe its most up-to-date funding spherical.

Salesforce is engaged on a blockchain product

 

Salesforce has at all times been an organization that’s looking forward to the subsequent massive know-how, whether or not that was cell, social, web of issues or synthetic intelligence. In an interview with Enterprise Insider’s Julie Bort on the finish of March, Salesforce co-founders Marc Benioff and Parker Harris talked a few vary of topics together with how the corporate got here to be engaged on one of many subsequent scorching applied sciences, a blockchain product.

Benioff informed a narrative of being on the World Financial Discussion board in Switzerland the place a little bit of serendipity led him to start out excited about blockchain and the way it could possibly be used as a part of the Salesforce household of merchandise.

Because it turned out, there was a crypto convention occurring similtaneously the WEF and the 2 worlds collided at a Salesforce occasion on the Intercontinental Resort. Whereas there, one of many crypto convention attendees engaged Benioff in a dialog and it was the beginning of one thing.

“I had been considering quite a bit about what’s Salesforce’s technique round blockchain, and what’s Salesforce’s methods round cryptocurrencies and the way will we relate to all of these items,” Benioff stated. He’s truly a giant believer within the energy of serendipity, and he stated simply by having that dialog, it began him down the highway to considering extra significantly about Salesforce’s function on this creating know-how.

He stated the extra he thought of it, the extra he believed that Salesforce may make use of Blockchain. Then immediately one thing clicked for him and he noticed a option to put blockchain and cryptocurrencies to work in Salesforce. “That’s sort of the way it works and I hope by Dreamforce we can have a blockchain and cryptocurrency resolution.”

Benioff is clearly a visionary and says a variety of that comes from merely paying consideration as he did when he talked to this particular person in Davos, and recognizing a possibility to develop Salesforce in a significant means. “Rather a lot [these ideas] comes from paying consideration, listening. There’s new concepts coming on a regular basis,” he stated. He acknowledges that there are extra concepts on the market than they will presumably execute, however a part of his job is knowing which of them are a very powerful for Salesforce clients.

Blockchain is the digital ledger used to trace Bitcoin or different digital currencies, nevertheless it additionally has a extra basic enterprise function. As an irrefutable and immutable file, it could monitor absolutely anything of worth.

Dreamforce is Salesforce’s huge annual buyer convention. Will probably be held this yr from September 25-28 in San Francisco, and if all of it works as deliberate, they could possibly be asserting a blockchain product this yr.

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Take a look at the entire interview between Salesforce founders Parker Harris and Marc Benioff and Julie Bort from Enterprise Insider:

Microsoft launches cloud-based blockchain platform with Brooklyn start-up

 

Microsoft launches cloud-based blockchain platform with Brooklyn start-up

London (Reuters) – Microsoft launched a cloud-based block chain platform on Tuesday with Brooklyn-based start-up ConsensYs, which allows financial institutions to easily and cheaply experiment with the technology underlying Bitcoin.

The block chain functions as a large, decentralized ledger of every Bitcoin transaction, which is verified and shared through a global computer network and therefore is virtually toddler vrye.

The financial sector continues to invest in technology deployment will reduce the cost and increase efficiency

Block Chain technology is not limited to Bitcoin -. It can be used to secure and ratify the exchange of data. And other companies are now building their own block chains which provide additional functionality to the original Bitcoin one.

One such company is Ethereum, which has built a fully programmable block chain. Technology giant Microsoft is to use it for the block chain platform launched on Tuesday.

The platform will be available to banks and insurance companies that are already using cloud-based blue platform from Microsoft. Microsoft said four major international financial institutions have already signed up for the service.

“Working with our customers who wanted to start dabbling with block chain technology, the major sore point that we kept hearing from them was that it was just too hard to start, and too expensive,” director of Microsoft technology strategy for financial services, Marley Gray, told Reuters on the sidelines of Ethereum se “Devcon” conference in London.

Gray describes the platform as providing a “failed fast, not cheap” model for companies: they can experiment with the cloud-based technology using templates provided by Microsoft without having to build their own systems

Gray said the technology would companies to their own private block chains, or so-called “smart contracts” to carry out the terms of an agreement automatically, in 20 minutes, even with no prior experience creating.

The Seattle-based company, under Chief Executive Satya Nadella, is the shift of focus to cloud services such as slow demand for the Windows operating system. Last month it was reported an 8 percent increase in its cloud business for the first quarter.

“We bet the whole place on the cloud, pretty much,” says Gray.

(Editing by Catherine Evans)