Sunday, 25 August 2019

The federal authorities have set up a special working group to look into how to properly oversee blockchain technologies and initial coin offerings (ICO). The Swiss taskforce is set to report back by the end of 2018.

After the Vice Industry Token ICO which offers up a blockchain-based model that allows consumers of pornography to be paid for their time, we now have Current Media who are seeking to offer a similar service for music and film lovers, all with a little help from investor Mark Cuban, Shark Tank billionaire and owner of the Dallas Mavericks NBA team.

One of the most appealing aspects of Blockchain and DLT technology is the ability to synchronize data of multiple parties from a variety of industries. This ability has the potential to solve huge industry-wide problems by locking in data or making it immutable meaning that the data would be kept “real” by all participants.

Smart City, the Dubai Government agency entrusted with making Dubai the world's happiest and smartest city, said it was close to rolling out 20 blockchain applications in a number of civic agencies including the Roads and Transport Authority in order to bring greater efficiency.

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