Weekly Wrap-Up October 5th, 2019
By TheNews.asia on Altcoin Academy
This week saw the entirety of the Korea Blockchain Week 2019 festivities. Many great connections were made which TheNews.Asia will also benefit from the near and distant future. Vitalik shared some words and nervous twitches, major investors hid in their VIP sections, and business cards were the currencies of choice in a realm with a deceptively rigid hierarchy.
National governments this week made some astounding yet altogether foundational steps forward for the adoption and implementation of blockchain technology into various facets of their workings. Uruguay announced a partnership with Aeternity in which the blockchain developer will create a Dapp and transparent database to verify votes and identities of participants in elections. This is a use case that, has been largely under-explored. It may be because the funding isn’t there or that politicians are skittish to make such a change to a system that has been in place for so long.
South Korea will be using DLT to verify driver’s licenses in the country. This has implications in dozens of other applications as well, including rental cars and preventing underage purchases of privileged substances. It will also undoubtedly streamline a bloated bureaucracy and aid the efficiency of their relatively low-power police force.
Two US Congressmen stated that the Fed should be exploring their options in developing a US dollar digital currency. Hypothetically, if this became a reality, it would essentially put all the other USD stablecoins out of business on day one. Who would endure Tether’s questionable asset backings when the Fed’s US dollar coin is right there?
Read on for more in the weekly newsletter from TheNews.Asia!
