The Turkish government has announced plans to establish a national blockchain infrastructure for public administration applications.
Adoption News
The cryptocurrency adoption rate is hard to research because of the private nature of cryptocurrencies. Still, there are some things that can be established about what may be slowing down cryptocurrency adoption. As a lot of blockchain platforms have stated, cryptocurrency awareness and education are not yet high enough to lead more people into the industry. Some people don’t even know what cryptocurrencies are, some lack the information about what it may be used for and some see no benefits of it at all. But people well-educated in cryptocurrency do have their own doubts about it, as cryptocurrencies have shown a lack of stability. Cryptocurrency investments and its use as a payment tool is associated with risks. There are also some government events that slow down cryptocurrency adoption, with governmental restrictions on the use of cryptocurrency for businesses and financial institutes.
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The United States Food and Drug Administration will hold a public meeting at which it will discuss its “New Era of Smarter Food Safety” initiative.
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Indian car manufacturer Tata Motors is planning to integrate blockchain solutions into its internal processes as part of a newly launched program for startups.
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Cryptocurrencies can be spent in most stores, most Europeans falsely believe, according to a new ING Bank survey.
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by Helen Partz
Following FSA approval, Line launches its crypto exchange Bitmax, offering trading of 5 major cryptocurrencies.
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Ripple-backed content platform Coil and open-source browser Mozilla have teamed up to give away a $100 million grant for web monetization.
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Consumers will be able to buy Bitcoin coupons at Lithuanian convenience stores Narvesen and Lithuanian Press kiosks.
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American financial services company Wells Fargo & Company is planning to pilot a distributed ledger technology-based internal settlement service in 2020.
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Employees of Big Four auditing firm Deloitte can now pay for food in the canteen using a mobile Bitcoin wallet.
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The United States Army Contracting Command of New Jersey has issued a pre-solicitation notice for cryptocurrency investigation service providers.
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An economist from the Bank for International Settlements has proposed new ways of supervising financial risks with distributed ledger technology.
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Spencer Dinwiddie of the Brooklyn Nets professional basketball team is reportedly planning to tokenize his $34 million NBA contract extension.
- Analysis
Although blockchain investments appear to be decreasing, adoption and sentiment are on the rise, according to various research papers.
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Blockchain will be transformative for most industries within 10 years, according to information technology service management giant Gartner.
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by Helen Partz
Venture capital billionaire Tim Draper says that Bitcoin’s lack of simplicity is the main impediment to mass adoption.
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