China's IT Ministry Backs New Blockchain Research Lab
Regardless of its recent crackdown on bitcoin exchanges and initial coin offerings (ICOs), China's government still appears committed to the potential of blockchain in other areas.
According to a report by Caixin, the China Academy of Information and Communications Technology (CAICT) – a research institution under the Ministry of Industry and Information Technology – has launched a research facility called the Trusted Blockchain Open Lab in order to support the ongoing development of the technology in China.
Read moreJapanese Billionaire: ICOs 'Democratize Venture Financing'
A Japanese billionaire and venture capitalist said this week that he believes initial coin offerings (ICOs) will become a significant source of funding for startups in the future.
Speaking with CNBC amidst the Singapore Week of Innovation & Technology, Taizo Son remarked that that ICOs – through which cryptographic tokens are sold in an effort to bootstrap a blockchain network – could be "major methods" for startups to access capital.
Read moreCFTC Chair Giancarlo: Embracing Blockchain Is in the 'National Interest'
Blockchain is in America's "national interest."
That's according to J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), who issued the bold proclamation in remarks at a gathering of government technology executives in Washington, D.C. Wednesday morning.
But while the blockchain industry has been encouraging regulators and government agencies to embrace the technology for years, this acknowledgment might have more oomph behind it. For one, unique to this statement was the size and caliber of the audience receiving it – in attendance was a group of roughly 270 leaders from over 40 U.S. government agencies.
Read moreAustralia Cites Blockchain In 'Digital Economy' Strategy Launch
Australia's government is plotting an ambitious new Digital Economy initiative, citing the country's previous work with blockchain and its future potential in a new public consultation call.
The scope of the project is outlined in a new paper published this week by the The Department of Industry, Innovation and Science, which also includes a series of questions aimed to spur public debate around digitized businesses and services.
Read moreUrbit Is Moving Its Virtual Server Galaxy Over to Ethereum
Urbit, the galactically inspired network of cloud servers, has announced plans to rebuild its infrastructure based on ethereum tech.
A network of P2P personal cloud servers that conceives of itself as "virtual real estate," Urbit has always borne a certain kinship to blockchain technology, but never deployed a blockchain as part of its infrastructure.
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