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Mainstream Adoption: Blockchain Satellites

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Blockstream startup started to analyze the concept of blockchain satellites back in 2017 announcing the Blockstream Satellite project.
Big players are adoption blockchain technology for space exploration by sending satellites that will provide the technology to every person on the planet without the need for an internet connection. However, space is not limited to the government sector anymore and as such more and more startups are also looking at the opportunity of entering into the galactic space with their innovation.

Nexus

In collaboration with Vector Space Systems ( Vector ), Nexus provides global access to its digital and stand-alone Internet infrastructure through the Galactic Sky platform defined in a Low – Earth ( LEO ) satellite network. Nexus will launch the blockchain in orbit and bring the dream of a total decentralization closer to reality. Satellites will act as Nexus blockchain nodes, which will form part of the smart contract platform.

Nexus aims to provide autonomous Internet infrastructure through a network of Low – Earth-orbiting satellites.
Also, 20 percent of the block awards are allocated for marketing, as well as for the production and launch of Nexus satellite networks. Nexus builds a new type of blockchain with three separate network security mechanisms.
Also, the team sends space satellites to the hub to create a decentralized Internet and network outside the control of a single unit.
As an innovative leader in the nanosatellite industry, Vector Space Systems have been designed to develop affordable launch capabilities and orbiting platforms.
Larger companies such as SpaceX are focusing on the launch of medium-sized satellites into geosynchronous orbit ( GEO ), but Vector delivers affordable take-offs through the engineering of smaller reusable rocket launches.
Phillip Swazey, who has collaborated with Iridium, a satellite communications company with 72 geolo satellites, is currently designing a 1u preliminary satellite for Phase 1 deployment.

SpaceChain

SpaceChain startup is building the one of a kind open-source satellite network which will run on the blockchain nodes. Zheng Zuo, the CEO of the company says that he truly understands the price of decentralization.

 

BlockStream

Blockstream startup started to analyze the concept of blockchain satellites back in 2017 announcing the Blockstream Satellite project. The company aims to provide blockchain without internet connection to each and every person in the world. The company even performed its 1st transaction back then. The adoption has been rising since then.

 

Blockchain Satellites

There, falling prices for communications and satellite monitoring on the ground, along with blockchain security, will ensure that everything from broadband communication to crop monitoring will be available not only for technical elites but also for the most remote farm, village or machine.
The “smart contracts” with the blockchain can also allow satellites and systems that need their services to negotiate independently and complete transactions from predetermined criteria, such as the price that a customer is willing to pay for a particular image and how quickly they need it.
On January 26, 2019, Twitter users at mid squeeze announced that they had created a messaging service to send text files to Lightning networks via their Blockstream Satellite Client.
Also, cloud storage platforms based on blockchains can also compete with Lightning Network text sharing services.
Bitcoin has been developed in line with the Theory of Nakamoto’s decentralization, in which the use of decentralized cryptocurrencies should be used to eliminate the need for intermediaries or centralized third parties.
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#Blockchain

Forbes releases top 50 blockchain companies list

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Forbes has released top 50 blockchain companies using blockchain technology list and these are almost all household names of the world's largest companies.

Forbes has released a new top 50 blockchain companies using blockchain technology list and these are almost all household names of the world’s largest companies. In fact, they are all billion dollar plus companies such as Amazon, Citi Group, Foxconn, Comcast and a whole host of others and unsurprisingly the bulk majority of these companies are using Ethereum.

 

Although, outside of Ethereum which is, of course, the number 1 blockchain for these companies, we do see others like Hyperledger and Quorum for example, although much rarer on the list in terms of mentions are blockchains such as Stellar Lumens or Cardano. Blockchains such as TRON, EOS, NEM, and others are not mentioned in the list of top 50 companies.

 

Companies choosing Ethereum according to Forbes:

Big businesses really like what Ethereum is doing. Ethereum has also worked very hard to make these relationships happen over the last few years and those relationships are now paying dividends big time.

 

All the top 10 companies are located in China or the United States.

The Top 10 (Forbes List):

10. Ping An Insurance Company: China

9. Bank of China: China

8. Apple: United States

7. Wells Fargo & Company: United States

6. Bank of America: United States

5. Agricultural Bank of China: China

4. Berkshire Hathaway Inc: United States

3. JPMorgan Chase & Co: United States

2. China Construction Bank Corporation: China

1. Industrial and Commercial Bank of China: China

 

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JPMorgan expanding itself into the blockchain and crypto space

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JPMorgan Chase has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, the job listing portal.

JPMorgan Chase, the American multinational investment bank and financial services company has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, a job listing site. According to the data from Indeed.com, the overall job openings for the cryptocurrency industry also seems to be on a rise.

 

JPMorgan Entering the Cryptocurrency Space:

Though the CEO of JPMorgan, Jamie Dimon has always been a strong opponent of Bitcoin and other cryptocurrencies, his company has been interestingly expanding its operations in the field of blockchain and cryptocurrency.

 

Last month, JPMorgan launched its own cryptocurrency known as the JPM Coin, which will serve the bank’s precious customers in order to make transactions between them more swift and steady.

 

Back in 2018, JPMorgan had launched a blockchain powered platform known as Quorum which might be seen quite homogeneous to bitcoin and ethereum, however, it is almost fully centralized in nature.

 

Large companies entering the Blockchain Space:

In recent times, a lot of huge companies worldwide have been entering into the blockchain and cryptocurrency space. According to a recent publication by the Forbes, large organizations such as IBM, Deloitte, Cisco, Microsoft, Consensus, and others have been curiously hiring employees that are experts in the field of blockchain technology.

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Adoption: Courts in France adopt blockchain technology

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The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.

 

The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.

 

The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.

 

According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.

 

According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

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