Blockchain Wednesday on Asgardia.Space

As time goes on it is becoming more evident that this sphere is the future of the world economy. More and more companies and projects choose an IPO instead of the traditional placement of shares on the stock exchange and the technology of blockсhain finds its application in the most unexpected areas.

For example, eMusic a U.S.-Israeli online music store that helps independent artists and labels is planning an initial coin offering to raise up to $70 million to build a decentralized music distribution and royalty management system.

CEO of eMusic explained that today’s supply chain for independent music is imbalanced. Therefore, the company’s move to the blockchain is supposed to streamline the musical supply chain but it’s not just intended to cut out the middlemen, it’s also supposed to increase both revenues and transparency for the artists themselves.

Another exciting crypto fact is that IT-Giant IBM has launched a blockchain app store to help banks reduces costs. Although blockchain technology is best known for backing cryptocurrencies, IBM has a hunch that it can assist financial services companies in lowering operating expenses and fees.

Moreover, a decentralized, borderless ecosystem known as Grapevine World offers a blockchain-based platform for the safe and secure exchange of health data. Although this particular project focuses on healthcare data, Asgardia aims to create a demilitarized and free scientific base of knowledge in space and projects such as this one could help Asgardia with this goal.

Also, the Queensland Cane Growers Organization is in charge of the Sustainable Sugar Project, and they will now use blockchain technology to trace the origins of sugar supplies coming to Australia. The project known as the Smart Cane Best Management Practice (BMP) is part of the sugar industry asking for improved sustainability and traceability. The Australian government has now awarded A$2.25 million (USD 1.7 million) to the Sustainable Sugar Project.

Here is another new trend: global banks begin using blockchain as financial instruments for conducting their normal operations. The Agricultural Bank of China (ABC) has issued a mortgage loan on the blockchain.

China has also entered the world of crypto-economics. China’s Center for Information and Industry Development (CCID), under the supervision of China’s Ministry of Industry and Technology, has officially published its third-ranking list of the Global Public Blockchain Technology Assessment Index (GPBTAI). The new list includes 31 crypto projects.

As a reminder, in the near future, the space kingdom Asgardia plans to issue its own cryptocurrency, the Solar.