Adrealm Weekly Update
August 8 — August 14, 2018
Dear Adrealm Community,
The eagerly awaited Adrealm Weekly Updates-Tuesday has arrived.
While some of us are embarking on a business trip to the US, we have people making the rounds in Seoul, Singapore, and Germany. As ever, HQ is a buzzing hive of activity.
As a lot has been happening all over the world in the past few days, and we’ve worked hard to gather the most relevant news on blockchain and cryptocurrency, and to keep you updated with our internal developments — and of course, to wish you a good week.
World Wide Hot Spots
The interdependence between economics and politics has always been both a certainty and a pain point. Too often it seems that politicians neglect the financial stability of a country: ineffective financial implementations as well as international misalignments imperil a country’s (intern)national leadership, to the detriment of its population. After Venezuela’s economic collapse gave way to cryptocurrency’s resurrection, some are saying the same *might* happen in Turkey. What about China’s stance though?
● Turkey: As you may remember, in our last Weekly Updates we mentioned that Turkey recently established its first Blockchain research center, the Istanbul Blockchain and Innovation Center at Bahçeşehir University. Well, right on time! You may also have heard that the country is currently facing a severe currency crisis, which is deeply weakening the country. And if Turkey cannot prevent its citizens from losing faith in the Lira, their destiny seems to be in the hands of cryptocurrencies, as bitcoin and cryptocurrency trade volumes have significantly increased in the last week (Forbes). Infirmitas tua, fortitude mea..?
● PRC: The Paper reports that the Bank of China has plans to increase its investments in research and development technologies such as blockchain, IoT, and Fintech. According to the Bank of China’s Chief Information Officer (CIO), Liu Qiuwan, Bank of China already has 12 ongoing blockchain pilot projects (The Paper). In the meanwhile, the Big Book of Blockchain called Blockchain: A Guide for Officials has been officially published in an effort to help Party officials understand the technology behind it and smoothen the process of introduction of blockchain technology in the country’s offices (cpcnews.cn in Chinese or CNN in English). How should we interpret China’s stance towards blockchain and cryptocurrency? If we consider the Chinese government’s ban on P2P, crypto-to-fiat exchanges as well as ICOs at the end of 2017/begin of 2018, Xi Jinping’s appraisal of blockchain technology in May 2018, the government looking for 3 blockchain experts and the Bank of China’s blockchain investments’ increase in August 2018, should we interpret it as “Blockchain first”? Maybe not, but “Made in China© first” for sure.
● Cryptocurrencies: The bitcoin is not going to experience any surge any time soon — in this very moment it’s around 5.900 USD (-4.17%) — while ETH price crashed below 300$. What do experts say? A Yale economist recently argued that bitcoin will replace gold as a store of value (CNBC), which clashes with Goldman Sachs predictions in June, 2018.
● Saudi Arabia: Cryptocurrency trade is officially prohibited in the kingdom. Nonetheless, the government is working on its own cryptocurrency for blockchain-powered cross-border transactions with the UAE’s central bank (CNN).
Events
August reminders:
● The CryptoBlockCon in New York is about to start (August 14–15). You can find here the list of the speakers.
● The Adrealm General Manager for the European Market Mei Li-Berlit is taking part in the Blockchance Blockchain Conference in Hamburg on August, 24–25.
● The Gamescom fair will be held next week in Cologne, Germany, from August 21 to August 25.
● The Dubai Blockchain International Summit was held on August 9 (see: WWHS).
Community
● Our Verification Process Info Gathering to reward the participants of our last Airdrop was successfully carried out in a 48h-timeframe, from August 10 to August 12. After having verified the correctness of the data we received, we’ll send our ARM tokens to the verified profiles — expect receipt sometime around the end of August. PS. If you missed the verification process, contact us on Telegram or send an email to laura@adrealm.com explaining why you missed it. “Everything’s not lost” (cit. Coldplay).
Product & Development
Xhance：
● Fix bugs in SDK & Portal
● One new extra advertiser began testing with us this week
● Test on hot-upgrade solutions
● Optimize deployment process
● Begin investigation on fabric upgrade to ver. 1.2
● Change architecture of GPDB for better performance
● Performance testing on clustered back-end
Adrealm:
● Prepare the web pages for our Airdrop second-round
● Angel-user’s bounty pages
May you all have a productive week!
Don’t forget to check our website: www.adrealm.com
Our previous articles on Medium: Contra Perfodere: Against Mining & Blockchain and International Aid
Keep in touch on Telegram https://t.me/adrealm_global
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