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Thursday, March 16, 2017

Bitcoin and Blockchain Technology Making a difference.

Every once in a while, a technology comes into play to liberate Humanity and make a major course correction in the world. That Technology is Bitcoin, and more Specifically the Blockchain technology.

  Today there are several articles from other sources that show the Blockchain Technology making huge changes in the way things were. Banks going to Blockchain to prevent Centralized Money Laundering, Blockchain integration to keep open source ledgers to keep an eye on Businesses, and much more. Take a look at these stories.

A couple weeks ago, AWS (Amazon Web Services) experienced a failure that impacted a large swath of popular services that we increasingly depend on to manage our digital lives. Consider the online collaboration service Slack; many people belong to several Slacks channels. When Slack promises instant archival and recall of important information, but depends on Amazon for storing these attachments, these expectations are shattered when the fragile underlying infrastructure is compromised.
And while “cloud” services like Amazon, Azure and Google offer fixes to the problems of scaling for millions of users, several other important problems remain unaddressed, especially as we transition to an age where even the lowly web browser is capable of video calls via peer-to-peer technology.
This is a concept Skype first introduced to the internet before their eventual purchase by tech giant Microsoft. Today, Skype is much more centralized and thus vulnerable as a target to would-be attackers. The original vision of Skype is not dead; rather, it is no longer restricted to the desktop. Instead, it can exist purely on the web.

When an E.coli outbreak at Chipotle Mexican Grill outlets left 55 customers ill, in 2015, the news stories, shutdowns, and investigations shattered the restaurant chain’s reputation. Sales plummeted, and Chipotle’s share price dropped 42%, to a three-year low, where it has languished ever since.
At the heart of the Denver-based company’s crisis was the ever-present problem faced by companies that depend on multiple suppliers to deliver parts and ingredients: a lack of transparency and accountability across complex supply chains. Unable to monitor its suppliers in real time, Chipotle could neither prevent the contamination nor contain it in a targeted way after it was discovered.
Now, a slew of startups and corporations are exploring a radical solution to this problem: using a blockchain to transfer title and record permissions and activity logs so as to track the flow of goods and services between businesses and across borders.

Delaware is Drafting Law That Would Recognize Blockchain Records

Delaware is inching closer to using blockchain as a means to create and manage corporate records.
Though the process is in the early stages, a group within the Delaware State Bar Association's Corporation Law Section has released a proposed piece of legislation that would establish a legal basis for using the technology for this purpose. Specifically, it would amend the state's General Corporation Law to account for blockchain use.

  There is no doubt that this technology, and it's currency is a major player in world changes. While Bitcoin and all other Litecoins have leveled the monetary playing-field, The Blockchain has set new innovation to bringing transparency and honesty back to the world.

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