Blockchain Report — 11/20/2018

Summary: South Carolina University Is Now Offering Students A Digital Diploma On The Blockchain; KPMG Says Cryptocurrency Still Isn’t A Store Of Value; Microsoft Releases Blockchain Development Kit On Azure

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South Carolina University Is Now Offering Students A Digital Diploma On The Blockchain

According to The Post And Courier, the East Coast Polytechnic Institute (ECPI) is now offering their graduating students the ability to receive their diploma digitally using the blockchain. Prospective employers will also be able to view this digital diploma to verify that the student actually graduated.

ECPI is following in the footsteps of MIT, the first university in the United States to offer a digital diploma on the blockchain. Both MIT and ECPI use Blockcerts, which is a mobile app that allows people to view the digital diploma.

The main purpose of this program is to reduce the amount of diploma fraud that occurs, which is something that employers have started to struggle with lately. When job candidates falsify their academic records, it can give a false impression to potential employers about the type of person that the job candidate is.

KPMG Says Cryptocurrency Still Isn’t A Store Of Value

According to Bitcoinist, KPMG reported that while the blockchain industry appears to be growing and maturing, they still do not serve well as a store of value. KPMG stated these findings in a report called Institutionalization of Crypto-assets.

In the report, KPMG states that Bitcoin and other cryptocurrencies are not yet useful as currencies because of a lack of trust in digital assets, as well as massive volatility and scalability issues.

KPMG chief economist Constance Hunter believes that “more participation from the broader financial services ecosystem will help to drive trust and scale for the tokenized economy.”

The report also states that while retail investors can be important, it is important for institutional investors to begin investing in cryptocurrency for the industry to thrive in the future. So far, many cryptocurrency companies have floundered or ignored financial regulations. KPMG states that new regulations should be created to deal with cryptocurrency and blockchain, as current regulations are not suited to handle most cryptocurrency cases.

Microsoft Releases Blockchain Development Kit On Azure

According to Cryptovest, Microsoft has decided to release a software development kit for Azure. Azure is an online cloud computing platform that allows developers to manage and test applications using Microsoft’s data centers.

The blockchain development kit will enable enterprises to develop distributed ledger technology (DLT) for different use cases and integrate it with current data and legacy systems.

Microsoft first released a set of DLT tools called Azure Blockchain Workbench. These tools have already been used by a variety of companies, including China Binary Sale Technology. Marc Mercuri, Microsoft’s principal program manager, says that the new kit extends the features of Azure Blockchain Workbench.

The new blockchain kit will allow developers to build and integrate blockchain solutions in a matter of days. The kit focuses on the Internet of Things, messaging (SMS), and voice systems.

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