Jeffrey Tucker and David Mondrus discuss the world’s first wedding to be recorded and verified by the Blockchain.

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  • [ lifted from their website. ]   When We Started Eris Industries, We Asked Two Questions 1) Is it possible to build applications which have the benefits of interconnectedness, but without servers? It is. Distributed applications can perform the same functions of modern web applications by enlisting users to participate in the management and security of these applications’ data. 2) Is it possible to create data-driven interactions which are both autonomous and legally compliant? It is. Data-driven interactions are not exempt from legal norms and procedures, and platforms capable of operating within existing legal frameworks will be profoundly useful to businesses and individuals alike. With Eris Industries’ open-source Distributed Application Software Stack, developers can rapidly design, test, and deploy distributed applications which are as flexible, user-friendly, and legally compliant as they are secure. Think of us as the node.js of peer-to-peer technology. What will you build on the Eris Stack?

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  • Facebook recently made an announcement regarding the launch of its own digital currency called Libra. Do you know the zodiac sign “Libra” is ruled by which planet? (in astrology) The answer is “Venus” and that’s the name of the digital currency which is going to be launched by the world’s largest cryptocurrency exchange Binance. Binance already the largest cryptocurrency exchange in the world is going to dominate the digital currencies market with the launch of its own cryptocurrency Venus. Yi He, the co-founder of Binance addressed a media conference and made the announcement. Here is what she said: “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.” She added: “We hope to achieve a vision, that is, to reshape the world financial system, allow countries to have more tangible financial services and infrastructures, protect their financial security and increase the economic efficiency of countries.” Venus is going to be an open blockchain with the wide range of applications and it is expected to be quite versatile far as its usage is concerned. When Facebook made a similar announcement it came under the scanner for its financial and economic impact. Many Governments and Central Banks started being skeptical about the impact it will have on the various currencies and on the economy and financial systems as a whole and Venus will have to face some challenges now that it is going to step in the market after the announcement.

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  • One of the most well-known as well as one of its kind platform, Shanghai Wine and Liquor BlockchainAlliance, which was launched in 2018 has once again been in the news. Since there is no denial in the fact that this alliance has undoubtedly ended up enhancing the logistics as well as quality standards for the growing industry. This has also flourished as the middle-class Chinese consumers have gradually started developing a taste for the supple intoxicant. However, the concerning part is the counterfeiting part has equally grown along with the consumption. As per the reports, 65,000 counterfeit Penfolds bottles were seized by the Chinese authorities. COMBATING ILLICIT CHINESE WINE TRADE Well, this unethical Chinese wine trade undoubtedly needed strict action. Therefore, in order to fight with this illicit trade, one of the most renowned importers in the region, Shanghai Waigaoqiao Direct Imported Goods Co (D.I.G.) shook hands with VeChainThor. Together they ended up building a sophisticated as well as effective luxury wine authenticating system. HOW DOES IT AUTHENTICATE? Truth be told, this is indeed a really effective way to authenticate as the chances of illicit wine trade is minimized to a large extent. As per this authenticating technology, the blockchain-strapped bottles are equipped with NFC, i.e., Near-Field Communication chip. This is included so that the vintage’s provenance is tracked with better accuracy. Moreover, the entire process of authentication is even more trustworthy as the entire traceability program is overseen by two governmental bodies as well as the data included in the blockchain is independently verified by auditors like DNV GL. RAY OF HOPE One can never deny the fact that the sales, at one point of time, hit its lowest because of the illicit trades. However, situations are a bit less complex now as D.I.G mentions in a report that there is an overall increase of 10% in sales for vintages tracked by the authenticating program. Therefore since its launch, it has been a bright ray of hope for the market. News Source: TheCoinRepublic

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  • On the 1st of August 2019, Walmart (the world’s largest company with the most revenue and employees) has filed a patent application for its own digital currency. This move follows the Facebook cryptocurrency initiative in the form of Libra. The ‘Walmart Coin’ specifications are similar to what Facebook has proposed for its Libra. Walmart’s cryptocurrency may have demographic appeal to legislators involved in the efforts of devising an alternative financial structure for people who are not regular users of banks or find banking costly. This new digital currency may not face the same regulatory trouble as Facebook’s Libra as there is a difference of scale between the two. Walmart’s cryptocurrency and Libra are different from others like Bitcoin in a very important manner; they are backed by a central authority and household names. Walmart’s digital currency is proposed to be a fiat-backed stable coin. It is also said that it may be pegged to the US dollar and available for use only at select retailers or partners. It seeks to make transactions cheaper and faster. It could be tied to some other digital currencies and may be purchased using cryptocurrencies like Bitcoin rather than fiat currency alone. It aims at providing a free or cheap way to store wealth that can be converted back to cash as and when the need arises. It could earn interest, be used for food payments and may replace debit or credit cards without cash. Savings may be offered to customers on purchases. It seeks to use artificial intelligence to help the customer purchase according to his budget and preferences. Walmart is trying to improve its inventory forecasts and predict consumer behavior by using thecryptocurrency to collect purchaser data with the ultimate aim of increasing its profitability. Its own tokens will also reduce the credit card processing fees, saving it billions of dollars each year. There are ambitious plans for this new digital currency including the provision of a freelancer platform, short-term emergency loans, digital currency futures, and multi-tender integration. Walmart is not new to the blockchain technology and at present, this technology covers its supply chain management and digital offerings for customers. Walmart’s cryptocurrency does involve a major privacy concern especially if it is used alongside the various other services provided by the Walmart ‘Money Centers’. It seems imminent that large corporations will foray into the area of cryptocurrency in the form of their own branded stable coins in an effort to exterminate banks from their financial ecosystem. Walmart has made a futuristic move. Whether this move proves to be beneficial is yet to be seen. News Source: TheCoinRepublic

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  • VeChain Value Analysis: Value Continues to go Downside, Latitude 28 collaboration might help the currency Australia based well-known meat company Latitude 28 has alliances with VeChain to create meat traceability and increase its market in China. New technology is created on a Base stage utilizing VeChain ToolChain. The verification has also increased given by DNL GL, which the world’s leading certification service. For vechain thor price prediction As per the latest vechain thor price prediction, the vechain Thor price is expected to surge by atleast 30% with this latest addition in Vechain partnership list. Status of VeChain (VET): The currency is ranking at 4eqst position in the cryptocurrency market. The currency is currently trading at the value of $0.005968 USD and 8its value is increasing by 3.55%. The market capitalization of the currency is $330,980,104 USD and its 24-hour volume is $30,074,396 USD. The circulating supply of the currency is 55,454,734,800 VET and the ROI of the currency is -60.32%. Current Status of Verge Coin: Currently, the statistics of Verge is bearish and its value is decreasing by -2.13%. The currency is trading at the value of $0.005846 USD and the market capitalization of $92,639,049 USD. The 24-hour volume of the $2,162,286 USD. On 26th July, the currency was trading around $0.005934 at 05:58 UTC. The market capitalization of the currency was 93,816,300 USD and the 24-hour volume of the currency was 1,006,881 USD. I take account of the previous price of the currency, the currency achieved the highest value of $0.006074 at 02:20 UTC on July 25th, 2019. But the value dropped around 5.04% at 09:48 UTC on the same day. On July 25, the currency was hovering the whole day and increased by 4.72% at 16:05 UTC and reached the value of 0.006034 USD. Again the value decreased by 5.04% at 20:20 UTC. The same day the currency’s value increased again by 4.36% at 22:10 UTC and reached around $0.005959. But on July 26th, decreased by 2.57% and the currency was trading at the value of $0.005806. XVG Price Prediction: The currency is showing bearish trading, so purchasing might be good. The currency has better long-term investment plans and investors might invest for better returns. The three main resistance levels are $0.006062, $0.006208, and $0.00636 and the three main support levels are $0.005764, $0.005612 and $0.005466.

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