Aventus Announces Ethereum-Based Protocol to Enhance Ticketing Industry

The digital assets-focused blockchain-based protocol, Aventus, revealed its next code release Aventus Classic designed to create a more equitable and transparent ticketing industry. Alleviate fraud and provide transparency On Sept 12, Aventus Network announced in a blog post the release of Aventus Classic, a fully decentralized open-source Ethereum-based ticketing protocol designed to stop fraud and provide more transparency to the event ticketing industry. The announcement goes on to say: “This release marks our first real step in engaging with the open-source community, as Aventus Classic will now be open to…

Does the Video Game Industry Really Need Blockchain?

No. You may have expected a different answer to come from a blockchain video game developer, but that’s the truth. Gaming does not need blockchain. In fact, there are a lot of great features that gaming doesn’t need. Games did just fine before online multiplayer was available, or before the quicksave option became popular – do games need those things to be successful? Not necessarily. Different features suit different games, and the industry is constantly evolving to create the best, most innovative, most immersive gaming experience possible. Scot Kinney is…

Blockchain Technology and the Quest to Transform the Travel Industry

The year 2018 hasn’t particularly been the best year for cryptocurrencies, as the bear market had eroded value in almost every digital asset out there. However, while cryptocurrencies aren’t having the best of times, blockchain technology has managed to stay relevant, with organizations and governments coming out with ways through which they can use blockchain as a tool for growth and advancement. One particular sector that has witnessed a tremendous use of the nascent technology has been the travel industry, where even airports have adopted the use of cryptocurrencies as…

TRON Arcade Wants to Break Open the Gaming Industry for Blockchain

Tron Blockchain platform TRON announced today its plans to establish a $100 million fund known as “TRON Arcade.” The fund is the fast-rising network’s newest effort to drive higher adoption of its platform and to finally unlock the gaming sector, which is worth billions, for blockchain technology. Until this point, the blockchain-based gaming field has experienced mixed results in terms of market penetration. Several projects have emerged, each of which seek to disrupt the nearly $138 billion industry, although adoption and retention have posed major challenges for early entrants. Unlike…

Blockchain is a ‘Systemic Risk’ for Financial Industry: DTCC Exec.

The Depository Trust & Clearing Corporation or DTCC issues a report every year on the stability of the global financial system and has done so every year since 2013. It describes this report in these terms: “[T]he DTCC Systemic Risk Barometer Survey serves as an annual pulse check to monitor existing and emerging risks that may impact the safety, resiliency and stability of the global financial system. It is designed to help identify trends and foster industry-wide dialogue on potential threats to financial stability.” This year’s report might seem to…

62% of Auto Execs Believe Blockchain Will Disrupt Industry within 3 Years

The auto industry is betting big on blockchain. In fact, a whopping 62% of auto executives say the technology underpinning bitcoin will be a disruptive force in the industry by 2021. Moreover, 95% of carmakers plan to make “moderate to significant” blockchain investments over the next three years, according to a report by the IBM Institute for Business Value, a business-research group. In its executive report entitled “Daring to Be First,” the IBM Institute says blockchain can revolutionize the auto industry by bringing transparency to supply chain management and financial transactions.…

Israel Has Over 200 Domestic Blockchain Startups: Industry Body

Israeli Blockchain Association, an organization whose primary objective is to educate, develop and empower Israel’s distributed ledger technology (DLT) community, encourage best practices and connect it with global leaders in the blockchain space, has released its third Israeli Blockchain Startup Map. According to a recent press release by the organization, there are now more than 200 blockchain-based businesses in Israel. Israeli Blockchain Adoption Steadily on the Increase Blockchain technology, the groundbreaking technology behind bitcoin and other cryptoassets are undoubtedly gaining broader adoption across various industries around the world. Now, per a…

Japanese Crypto Exchange Group Gets Legal Status to Self-Regulate Industry

The Financial Services Agency (FSA), Japan’s finance regulator, has formally approved a cryptocurrency exchange association as a self-regulatory industry body. The FSA said in a notice on Wednesday that it has accredited the Japanese Virtual Currency Exchange Association (JVCEA) as a “certified fund settlement business association,” a status that will let the body set rules for the nation’s exchanges and take action over any violations. While the group has not announced any rules yet, a recent report from Reuters said it may require member exchanges to hold separate bank deposits…

Blockchain Industry Could See Nearly 150 Mergers & Acquisitions in 2018

The prolonged cryptocurrency bear market has seen a substantial number of organisations finding new opportunities for growth via consolidations and acquisitions. According to a CNBC report, investors are seeking more and more deals within the blockchain space, even in the face of declining or stagnant crypto prices. Despite market volatility and a peak-to-trough bitcoin price decline of nearly 70 percent, the past year has witnessed an increase in merger and acquisition activities in the past year as revealed by data from JMP Securities and PitchBook. According to the data, token values associated…