Halloween Special from Metadium
TRICK OR TREAT!
Happy Halloween, Metadians! We were yet again featured on Forbes and wanted to share it with you. Treat yourself to some sweet Meta tonight :)
by Andrew Rossow
As Halloween approaches, there are some chilling blockchain projects out there that you will want to keep your tech cauldrons brewing for. But don’t worry, none of them involve the Sanderson Sisters returning to suck the life force out of these projects.
I’ve cracked the spells of 13 different companies across various industries and how they are using their technological magic for the public good. So, take your broomsticks and fly with me on a trip into these hauntingly beautiful projects.
While crypto markets are far from being considered “stable”, regulatory agencies are beginning to make their positions known. The courtroom doors and Congressional floors have certainly opened up, providing for a simple legal environment, up and until the Internal Revenue Service (IRS) presents formal guidance on the appropriate reporting measures.
Last month, U.S. Representative, Tom Emmer (R-MN) announced that he would be introducing three bills to support blockchain technology and cryptocurrencies:
- Resolution Supporting Digital Currencies and Blockchain Technology
- The Blockchain Regulatory Certainty Act
- Safe Harbor for Taxpayers with Forked Assets Act
CoinTelegraph recently reported that the American National Standards Institute anticipates discussing the legal and ethical issues surrounding artificial intelligence (A.I.) and the utilization of blockchain technology at its upcoming October 16th Forum.
Last year, there were over 1,500 data breach incidents, with over 55 percent (870 breaches) of those breaches seeping out from the business sector. Since GDPR went into effect back in May, there are still “wack-a-mole” instances with companies slipping through the cracks.
Facebook, who is already facing severe scrutiny over how it handles its users private information, announced last week that it was subject to yet another security breach, this time, identified as the largest security breach in its 14-year history, with over 50 million compromised accounts. This breach will be the first major test of Europe’s GDPR laws, with estimations of around $1.63 billion in fines, or a maximum of 4% of the annual global turnover.
But, these harsh realities don’t go unnoticed, even by companies opening their spell books to blockchain technology.
In 2017, there were over 150 million social security numbers exposed in data breaches within the U.S. alone. What we’ve learned from these breaches, is that identity theft has become an endemic problem.
Metadium is one company that is aiming to create a new, self-sovereign “digital identity” for users, allowing them complete control over where, when, and how much of their personal data is shared. Through the company’s Meta ID project, any transaction or action that takes place on the Metadium blockchain will cost META, their native token. This helps to prevent transaction overflows and DDoS attacks. By bringing in attestation services to help validate users’ identities, all parties in the ecosystem are rewarded. The company’s co-founder, Ryan Uhr, a former chief engineer at Hyundai Electronics, and chief operating officer, Richard Yun, a former senior financial analyst at Cisco, literally bring security to this project.
Keep Your Cauldrons Brewing
So, when you’re out trick-or-treating for new crypto-investments or blockchain-based ventures, keep your cauldron’s brewing and bubbling for more innovative and “spook-tacular” projects that are awakening for the upcoming year.
Find the original article here: http://bit.ly/2PznY79