Amazon Web Services Announces Cryptography-Using Quantum Ledger Database

AWS - Amazon Web Services Office in Houston, Texas

By Joeri Cant

Amazon Web Services, Inc., an Amazon.com company, announced that the Amazon quantum ledger database (QLDB) was now available.

Transparent and immutable transaction log

According to a post on Sept. 10 from Amazon Web Services (AWS), the newly available Amazon QLBD is a new class of database that provides a transparent, immutable and cryptographically verifiable transaction log ‎owned by a central trusted authority.

The post continues to explain that Amazon QLBD eliminates the need to engage in the complex development effort of building one’s own ledger-like applications or rely on the capabilities of a blockchain framework.

Shawn Bice, a VP at Amazon Web Services, Inc. told Business Wire that AWS has been using a version of Amazon QLDB for many years to store data for some of its most critical systems, and has benefitted from being able to view an immutable history of changes. He added:

“Today, we are proud to announce Amazon QLDB, offering customers a fully managed service that provides the same ledger capabilities, along with the ability to cryptographically verify data integrity. We are excited to see customers streamline their operations and enhance their customer and partner experiences by using Amazon QLDB.” 

Continue Reading at Cointelegraph.com

Bahamas Blockchain Company Raises Crypto for Hurricane Dorian Relief

48658958573_e5bb2459bf_b.png

By Joeri Cant

PO8, a blockchain company headquartered in the Bahamas, is asking the crypto and blockchain communities to help them bring relief to the victims of Hurricane Dorian. The firm made its appeal in a blog post on Sept. 2.

Devastation in the Bahamas

Hurricane Dorian brought devastation to Bahamas islands on Monday and Tuesday. Satellite images show the region has suffered heavy flooding, with more than 60% of Grand Bahama Island submerged. 

Call to help Dorian victims

PO8 has witnessed the devastation firsthand and is asking the crypto and blockchain communities to help rebuild and restore the islands most affected. A recent post on the PO8 website said:

“PO8 has pledged 1 billion PO8 tokens to hurricane relief efforts. For every dollar worth of crypto donation, PO8 will match it 100%.”

Crypto donations can be made with Bitcoin or Ethereum (ETH). Cash donations can also be made on the PO8 GoFundMe page.

PO8’s blockchain platform aims to democratize access to marine archeological artifacts by establishing their provenance and preventing their sale.

Charity and crypto

Cryptocurrency and blockchain technology are increasingly being applied for charitable efforts. Following the Notre Dame cathedral fire earlier this year, France’s Minister of State for the Digital Sector Cédric O said he was open to cooperating with cryptocurrency platforms for donations to reconstruct the cathedral.

In an August report, independent public charity Fidelity Charitable said that it has received $100 million in cryptocurrency donations since it began accepting cryptocurrency in 2015.

Via: Cointelegraph.com

Barclays May Be ending Work With Coinbase, Transactions in GBP to Slow

Barclays

By Kollen Post

British banking giant Barclays has reportedly cut ties with United States crypto exchange Coinbase.

As Coindesk reported on Aug. 13, unnamed industry sources have said that Barclays will no longer be banking for Coinbase, severing a relationship that began when Coinbase opened a Barclays account in March 2018.

The news is expected to hit the crypto community hard, as, in addition to linking a major crypto exchange with a heavy hitter among the traditional banking establishment, the break may end Coinbase users’ access to the United Kingdom’s Faster Payments Scheme and slow the exchange of cryptocurrencies for British pounds sterling dramatically.

The precise reason for the split is unknown, but one anonymous source speculated to Coindesk that: 

“It is my understanding that Barclays’ risk appetite has contracted a little — I’m not sure exactly why or what’s been driving that, maybe there has been some activity they are not happy with. But it’s about Barclays’ comfort level with crypto as a whole.”

Reportedly, Coinbase will continue its access to UK banking through Clearbank, a younger and less established operation.

This is not the first time that Barclays has taken a step back from increasing involvement in the crypto sphere. In August of 2018, the bank began official denials that it was opening a crypto trading desk in light of two employees removing information about work on digital assets from their respective LinkedIn profiles. 

Coinbase, for its part, does not seem to have suffered greatly in recent months. This July, it came out that the exchange had registered eight million new users in the preceding year.

Also in July, Cointelegraph reported that Coinbase’s CEO Brian Armstrong was looking to take the exchange beyond trading, expressing plans to expand Coinbase into wider promotion of crypto adoption.

Cointelegraph reached out to Coinbase for comments but did not receive a response by press time. 

Via Cointelegraph.com

US Awards Patent for Blockchain-Based Firearm Data Recording System

Max Boddy writes:

guncoin-600x315.jpg

Two American inventors have won a patent for a blockchain-based recording system for ballistic data. 

The United States Patent and Trademark Office awarded two inventors — Jason Palazzolo and Kevin Barnes — a patent for a “firearm environmental recording apparatus and system” on July 23.

This apparently could include multiple recording devices, including a camera, microphone, and spatial sensor module that can record velocity, spatial measurements and acceleration data. 

The filing states that a blockchain database or network could be used to store or be associated with any of the data gathered by the mechanisms.

Justifire and evidence for self-defense

According to LinkedIn, Jason Palazzolo is the founder and CEO of a company called Justifire. On its website, Justifire advertises a product called a “blackbox for your firearm.” The featured device attaches to the barrel of a pistol and contains the same features mentioned in the patent — video, audio and spatial recording and data gathering.

The website claims that the purpose of this technology is to provide proof of self-defense, saying, “This valuable data could be used by its owner as evidence of an event where lethal action was required.” Justfire additionally claims that only it will be able to access the encrypted information, by default:

“Data and video footage that involves a violent action taken against another human will be automatically recognized by the device and instantly encrypted, becoming un-accessible to all parties except Justifire Technologies LLC. Data will be provided to the owner of the device only through specific legal request, preventing any party from submitting the public to graphic illegal actions.”

Blockchain-based gun monitoring

As previously reported by Cointelegraph, Missouri State Representative Nicholas Schroer proposed a bill in 2017 to make blockchain-based gun monitoring illegal. The bill, which was entitled “Imposes Restrictions on the Use of Firearm Tracking Technology” stated:

"It shall be unlawful to require a person to use or be subject to electronic firearm tracking technology or to disclose any identifiable information about the person or the person's firearm for the purpose of using electronic firearm tracking technology."

However, the bill did include exceptions to this policy, specifically for law enforcement officials, merchants using distributed ledgers to report sales and firearm owners who have expressly issued a written authorization for monitoring their weapons.

Via Cointelegraph.com

Chia Releases Green Paper Detailing Eco-Friendly Means of Crypto Mining

electricity_environment_power_station_renewable_energy_wind_generator_wind_turbine-963067.jpg!d.jpeg

San Francisco-based tech firm Chia Network has released a green paper that describes an eco-friendly means of mining cryptocurrencies.

The green paper provides a description of how proof of space and proof of time create a "Nakamoto-style" consensus algorithm for Chia’s blockchain. Specifically, Chia proposes to “farm” rather than mine to verify blockchains that issue cryptocurrencies, wherein proof of space and proof of time take the place of the proof of work (PoW) principle used for mining of Bitcoin (BTC) and Ethereum (ETH). The paper further explains: 

“Instead of using proofs of work, Chia alternates proofs of space with verifiable delay functions. This results in a chain than in many aspects is similar to Bitcoin, in particular, as in Bitcoin no synchronisation is needed and we can prove rigorous security guarantees assuming a sufficient fraction of the resource (space in Chia, computation in Bitcoin) is controlled by honest parties.”

Initially, Chia’s CEO Bram Cohen debuted his solution to Bitcoin in late 2017, which he said resolves “centralization problems” with the virtual currency by employing the concept of proof-of-time. Cohen said “the idea is to make a better Bitcoin, to fix the centralization problems,” relying on a two-step block authentication method.

As reported in June, the carbon emissions generated by Bitcoin are comparable to the whole of Kansas City, and even a small country, according to a study published in the Joule journal. With annual emissions of CO2 estimated at between 22 and 22.9 megatons, Bitcoin sits somewhere between Jordan and Sri Lanka in terms of output. The study suggested that this level would double if every other cryptocurrency was also taken into account.

According to a March study by a blockchain specialist at Big Four auditing firm PwC, renewable energy would not be enough to solve bitcoin’s sustainability problem. The carbon footprint of a Bitcoin transaction reportedly outpaces that of a traditional non-cash banking transaction.


Via Cointelegraph.com

Facebook Releases Cryptocurrency White Paper for Libra Currency

Untitled.png

Aaron Wood reports:

Social media giant Facebook has released the white paper for its long-awaited cryptocurrency and blockchain-based financial infrastructure project today, June 18.

According to the paper, Facebook’s global stablecoin, dubbed “libra,” will operate on the native and scalable Libra blockchain, and be backed by a reserve of assets ostensibly “designed to give it intrinsic value” and mitigate volatility fluctuations.  

These assets consist of a basket of bank deposits and short-term government securities that will be held in the Libra Reserve for every Libra that is issued.

The website for the digital asset, calibra.com, was briefly down around 5AM EST, about when it went live.

The new cryptocurrency will be governed by a not-for-profit, Switzerland-based consortium — the “Libra Association” — which counts MastercardPayPalVisa, Stripe, eBay, Coinbase, Andreessen Horowitz and Uber among its founding members.

Facebook ostensibly plans to expand the association to around 100 members by the time of Libra’s launch in the first half of 2020. The white paper notes that:

“While final decision-making authority rests with the association, Facebook is expected to maintain a leadership role through 2019. Facebook created Calibra, a regulated subsidiary, to ensure separation between social and financial data and to build and operate services on its behalf on top of the Libra network.”

The Libra Association is itself governed by the Libra Association Council. The council’s members initially are the founding members, each of which runs a validator node on the network and was notably required to make a minimum investment of $10 million to seal the position. Each $10 million investment secures an entity one vote on the council, per Facebook.

Facebook has also revealed the release of the Libra Investment Token — distinct from its global user-oriented cryptocurrency libra — which can be purchased or distributed as dividends to the association’s founding members and accredited investors.

As libra is not technically pegged to any given national fiat currency, the white paper states that users will not always be able to redeem the token for a fixed amount of fiat, although Facebook claims that the reserve assets have been chosen so as to minimize volatility.

While the reserve assets are ostensibly held by “a geographically distributed network of custodians” in order to secure decentralization, the reserve is managed by the association itself, which is the only party able to mint and destroy the coin.

New libra are minted once authorized resellers have purchased the coins from the association with enough fiat to fully back their value, and burned when authorized resellers sell the token back to the association in exchange for the underlying assets. Moreover, the white paper states:

“Since authorized resellers will always be able to sell Libra coins to the reserve at a price equal to the value of the basket, the Libra Reserve acts as a ‘buyer of last resort.’”

Facebook further notes that the software that implements the Libra blockchain is open source in order to create an interoperable ecosystem of financial services and broaden inclusion.

Previous reports had indicated that the coin will facilitate payments across Facebook’s various platforms including WhatsApp, Messenger and Instagram, giving the new coin potential exposure to a combined 2.7 billion users each month.

Via cointelegraph.com

US FDA Partners With IBM and Walmart to Improve Drug Supply Chain Using Blockchain

 Free picture (Bitcoin medicine) from https://torange.biz/fx/overlay-tech-business-information-concept-template-194812

Helen Partz reports:

The United States Food and Drug Administration (FDA) has partnered with four global high-profile firms to apply blockchain in the drug supply chain, tech media outlet ZDNet reports on June 13.

The FDA has reportedly teamed up with companies including IBMWalmart, Big Four auditor KPMG, and the world's oldest pharma firm Merck in order to build a proof-of-concept (PoC) blockchain network to share and track data on distribution of prescription drugs.

According to the report, the initiative is connected with the United States Drug Supply Chain Security Act (DSCSA) and intends to assist the FDA — as well as other pharmaceutical organizations — in optimizing the supply chain of pharma products.

Specifically, the project’s participants aim to speed up the process of tracking inventory, as well as providing accuracy of data shared between members of the supply chain and the integrity of products.

Mark Treshock, IBM's global solutions leader for Blockchain in Healthcare & Life Science, emphasized that blockchain technology not only enables an efficient basis for tracing pharma products on supply chain, but also allows for the tracking of connections between network participants without revealing the data itself.

The FDA first revealed its plans to apply blockchain technology to enable a digital drug supply chain platform in February 2019, expecting to launch the technology-enabled platform by 2023.

Recently, Cointelegraph reported that as much as 44% of healthcare organizations in Europe have never heard of blockchain applications’ benefits. Meanwhile, EMD Serono, the North American biopharmaceutical business of Merck KGaA, has recently teamed up with blockchain firm Nebula Genomics to create a blockchain platform for generating and sharing genomic data.

Via CoinTelegraph.com

Murder on the Blockchain Express: Betting platform on blockchain allows you to wager on which politicians or celebrities will die

Murder on the Blockchain Express: Betting platform on blockchain allows you to wager on which politicians or celebrities will die

While in the UK most betting establishments will allow you to wager on esoteric events such as political elections, Brexit, and even whether the U.S. and North Korea would engage in a nuclear war, the one area that has remained fairly taboo has been predictions on what day or year someone would die or perhaps even be assassinated.

But now that we have the Blockchain, and an unregulated/decentralized platform where programmers can create virtually anything that is outside the control or regulation of sovereign entities, one wagering entity has chosen to cross that 'red line' and is allowing individuals to bet upon whether Wall Street mogul Warren Buffet will die before the end of the decade, or if President Trump will be assassinated before the end of the year.

Read More

Sasha Hodler, MBA, Esq. of Worldblock Legal on RogueCoinRadio 05-13-2018

Sasha Hodler, MBA, Esq. of Worldblock Legal on RogueCoinRadio 05-13-2018

"V" interviews Sasha Hodder of Worldblock Legal and Host of HodlCast. She is a friend of previous RogueMoney guest and recording artist Tatiana Moroz, who was on the show earlier this month. Sasha is a practicing attorney focused on the fintech sector. She began her work in the virtual currency arena in 2014 and helps her clients navigate the burgeoning regulations surrounding compliance with money transmission services, the Bank Secrecy Act, and Securities Laws.JWS

Read More

Russia jumps to the forefront of transparency in elections as Eurasian power experimenting with putting voting on the Blockchain

Russia jumps to the forefront of transparency in elections as Eurasian power experimenting with putting voting on the Blockchain

Russia's Vladimir V. Putin is expected to easily win reelection to a fourth term and a term-limited final six years in the presidency, but that isn't the whole story of the federal elections being held Sunday March 18,  2018. As Ken Schortgen Jr. writes below, the Moscow city government is experimenting with an ethereum based blockchain for voting. If the experiment in Moscow is successful, the system could be tested to counter irregularities or voting fraud across the world's largest country. -- JWS 

Read More

BCH/USD: Does Bitcoin Cash Have a Chance to Outperform Bitcoin?

BCH/USD: Does Bitcoin Cash Have a Chance to Outperform Bitcoin?

BCH/USD price has seen a strong upward swing since it came into existence in 2017 after the hard fork of Bitcoin. Prior to the declining trend seen in the cryptocurrency in January 2018, Bitcoin Cash stood as one of the leading cryptocurrencies next only to Bitcoin and Ethereum.

Regarded as a better alternative to Bitcoin, Bitcoin Cash has a larger block size resulting in more transactions. But this is not the only factor that makes Bitcoin Cash stand out. Let us see the differences between the two and how they will influence the market value of cryptocurrencies in future.

Read More

Rogue 420 Interview: Mike Kramer - 420 Blockchain 02/09/2018

Rogue 420 Interview: Mike Kramer - 420 Blockchain 02/09/2018

CJ interviews Mike Kramer, CEO of 420 Blockchain.

Mike has extensive experience in the financial industry. Prior to the inception of 420 Blockchain, Mr. Kramer was the CEO and President of Sales for Red Sand Financial. He was the driving force behind global sales, strategic marketing, and company growth. During his tenure with Red Sand, Mr. Kramer was the impetus behind raising funds totaling close to $100 Million. Due to his expansive knowledge in the financial sector, he works with venture capital firms and hedge funds in the cannabis world. For over 10 years, Mr. Kramer served the public sector in the states of Pennsylvania and Florida in law enforcement and is a long term advocate for the legalization of cannabis.

Read More

Russia Remains Committed to the Future Adoption Of Cryptocurrencies

Russia Remains Committed to the Future Adoption Of Cryptocurrencies

In what should come as no surprise, recent comments made by Vladimir Putin and other ministers with respect to cryptocurrencies have been taken completely out of context and belie the reality as to Russia’s real intentions with respect to virtual currencies.

Russia’s Central Bank First Deputy Governor Sergei Shvetsov told a recent conference in Moscow that the currencies were dubious and investors needed to be protected, amid calls to block websites selling bitcoin and other currencies. Shvetsov went further by stating that Russia can’t stand apart and give direct and easy access to such dubious instruments for retail investors.

One the same day, Putin stated in Sochi that the usage of crypto-currencies carried serious risks and are issued by an unlimited number of anonymous bodies and therefore buyers of crypto-currencies could be involved in unlawful activities.

Read More

Ken Schortgen Jr. RM Radio Talking Petroyuan and a BRICS Cryptocurrency 09/08/2017

Ken Schortgen Jr. RM Radio Talking Petroyuan and a BRICS Cryptocurrency 09/08/2017

Ken Schortgen Jr. was interviewed by V the Guerrilla Economist on Friday, September 8, prior to the U.S. Treasury Secretary Steve Mnuchin's ludicrous threat to cut the world's largest trading nation (in real rather than inflated fiat terms) out of the dollar trading system, if Beijing did not go along with crippling UN sanctions against North Korea.

The escalation of such absurd threats, as Ken discusses in Friday's interview, is driven by desperation in Washington as the Eurasian powers act in concert to lure a cash hemorrhaging Saudi Kingdom into their orbit, and out of the dying petrodollar system. Ken goes into more detail on the Shanghai International Energy Exchange offering crude oil contracts in Chinese yuan with the killer option of settlement in gold. Ken also discusses the recent BRICS conference in Xiamen and Vladimir Putin's remarks in support of breaking the hegemony of the dollar as a unipolar reserve currency. Ken adds that the BRICS are poised to introduce a cryptocurrency that uses blockchain technology for trustworthy trade settlement. -- JWS

Read More

Got Alt-Tech?

Got Alt-Tech?

The news that Ron Paul's Youtube channel has been de-monetized went viral Saturday night, after Wikileaks' Julian Assange decried the move on his Twitter account. Perhaps not coincidentally, this decision by Youtube was made as Hurricane Harvey flooded the libertarian icon's former Congressional constituency of Surfside, Texas. If the deep state is issuing orders to the SJWs working at YouTube to carry out their bidding, at least it has a twisted sense of humor about their timing.

Like The Dude in The Big Lebowski, the Russia Analyst says this (soft censorship attempt) aggression will not stand man. Regardless of whether Ron Paul's apparently un-appealable sentence by faceless admins at YouTube is overturned with full monetization restored, it makes the August 23, 2017 message from Team RogueMoney's leader the Economic Silverback about the necessity of embracing alt tech all the more urgent. So too does the news that University of Toronto professor Jordan B. Peterson's YouTube account was recently suspended.

If you have any type of channel or online activist and alternative news presence, time is wasting to join Gab.ai (Twitter alternative), Steemit and DTube -- all platforms RogueMoney is embracing to ensure the future of our enterprise in an increasingly censorious age. -- JWS

Read More

Russian Ministry of Health and VEB Bank Launch Blockchain Project

Russian Ministry of Health and VEB Bank Launch Blockchain Project

The rollout of blockchain and cryptocurrency initiatives in the Russian Federation continues. The state owned Vnesheconombank, which has experienced major cash flow issues under U.S. and EU sanctions since the return of Crimea to Russia and the war in Donbass began in 2014, is joining with the Ministry of Health on using the blockchain technology for patient histories. -- JWS

Read More