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Bayer’s Agricultural Division Partners With ConsenSys-Backed Startup BlockApps

Bayer’s Agricultural Division Partners With ConsenSys-Backed Startup BlockApps The agricultural division of pharmaceutical and life science giant Bayer AG, Bayer CropScience, is collaborating with ConsenSys-backed Blockchain-as-a-Service (BaaS) startup BlockApps. BlockApps revealed the news to Cointelegraph on March 22. Germany-based Bayer CropScience has been working on a number of blockchain initiatives with BlockApps since early 2018, […] Cet article Bayer’s Agricultural Division Partners With ConsenSys-Backed Startup BlockApps est apparu en premier sur Bitcoin Central.
Bitcoin Central

ConsenSys: Understanding one of the most important firms in crypto

You can follow me @flatoutcrypto and find my work on Medium/flatoutcrypto.comConsenSys can be a deceptively hard to understand business. There was plenty of noise made by block.one’s EOS focused VC arm, but this is nothing compared to the network ConsenSys has constructed to build out the Ethereum network.The ‘mesh’ of 50+ projects it has incubated is well known. What attracts less attention is the raft of corporate relationships it has built and the soft power it can now wield in an attempt to define what decentralisation is — and isn’t — to the wider world. As a result of this range of activities, ConsenSys funds, sets standards and lobbies on behalf of its projects and Ethereum more widely.What is ConsenSys?Most people know ConsenSys as a business incubator for Ethereum focused projects. The firm operates a ‘hub and spoke’ model which sees over 50 projects currently affiliated to ConsenSys in some manner. This ‘mesh’ consists of DApps such as Airswap and Gnosis, as well as infrastructure-focused projects like MetaMask and Infura.The benefit of this model for project teams is obvious, for it affords them access to other developers while simultaneously affording them autonomy. As founder Joseph Lubin pointed out, ConsenSys are “building out the decentralization ecosystem…when you do that you need a lot of communication, collaboration inter-operation between different projects.”Not only do projects benefit from the accumulated developer knowledge, they also receive varying degrees of financial support. ConsenSys started as a venture production studio, with the intention of incubating companies around MVPs before putting them up for external investment. An early example of this was the spun out BlockApps. Furthermore, if Lubin’s comments from Episode 1 of the State Change podcast still hold (the company declined to comment) then mesh projects also get equity in all other ConsenSys projects, providing them upside even in the event of their own project failing.However, the mesh, while important, is now just one part of ConsenSys. Its business offering has expanded to include:Academy: “The educational core of the Ethereum movement”Capital: Venture capital & token sale advisoryCatalyst: Full-service marketing and branding agencyDesign: Product designers, design thinking facilitators, design researchers, and strategistsDiligence: Smart contract audits and Ethereum securityLabs: Incubates projects and provides them capital, mentorship and access (this is where the mesh projects sit)Social Impact: Projects with a social impactSolutions: Enterprise Ethereum & blockchain innovation partnershipsIn summary, ConsenSys is doing a lot. This is reflected by the growth in employees from 80 to over 1,000 in under two years, an increase which shows little sign of abating.This growth makes it difficult to understand where different parts of the company fall, particularly as the firm is frequently reorganised. Furthermore, it is hard to even find everything that ConsenSys is involved in; even after hours of research, new initiatives and partnerships were still revealing themselves. While many corporate websites are designed to impress upon viewers the vast range of activities being undertaken, ConsenSys is expanding so quickly that its website features a mere fraction of its operations.It’s not (just) about the moneyThis article was originally inspired by the recent Civil ICO, with many bemused why ConsenSys would be so heavily involved with Civil (seeding the project with $5m before contributing another $1.1m to the ultimately failed ICO) unless there was the promise of riches. However, ConsenSys — spearheaded by Lubin — likely has wider ambitions than solely profits.While there is of course a financial motivation, the firm has quickly evolved into the best-connected and arguably most influential company in the entire ecosystem. Just as funding Civil could be interpreted as a means to increase media influence, so too can ConsenSys be seen as a means to shape and influence the very nature of blockchain and decentralisation for the wider world.There is no doubt that it is incubating dozens of interesting projects, some of which are vital to the success of Ethereum, but it is also helping to cultivate how industry and governments view blockchain. This is why those focusing on purely the mesh outlined at the start are missing some of ConsenSys’s most important facets.The below is a map outlining some of these relationships.ConsenSys has quickly built out a wide range of relationshipsAs the above demonstrates, ConsenSys is better represented than any other firm on industry bodies and committees. It has as many partners and joint ventures as anyone. Its relationships with government organisations run wide and deep. This map is far from exhaustive; there are many more connections which could be featured (and more are announced on an almost daily basis).These connections can be thought of in two broad categories:Links with industrySoft powerIndustry connectionsConsenSys works for many leading industry players through its enterprise focused Solutions arm. Furthermore, it sits on a number of industry focused committees (frequently as board members) and is a leading member of more crypto focused committees such as the Enterprise Ethereum Alliance (EEA). ConsenSys personnel have played a leading role at the EEA since its inception, including co-founding and leading two of the eight original working groups.Photo by rawpixel on UnsplashThrough its mesh projects, the company has also formed a number of joint ventures with leading financial services and technology companies. The company has also directly entered into JVs with companies, including the likes of Komgo SA (a JV with the likes of Shell and many leading banks) and Ethereum Blockchain as a Service, a JV with Microsoft.These connections with technology and financial services companies should not come as a surprise. Many of ConsenSys’s employees — including many of the most senior — come from a financial services background, with the likes of Bank of America Merrill Lynch well represented. These sorts of employees bring with them connections of their own from their spells at such companies. Lubin himself comes from a financial services background. The manner of his involvement with Ethereum, coupled with the industry friendly manner in which he promotes Ethereum, likely also has a large impact in enabling ConsenSys to attract large corporations.body[data-twttr-rendered="true"] {background-color: transparent;}.twitter-tweet {margin: auto !important;}@DelRayMan @ConsenSys @ethereumJoseph 5/ Do you think Joe Lubin is one of the most influential in blockchain? — @coindeskfunction notifyResize(height) {height = height ? height : document.documentElement.offsetHeight; var resized = false; if (window.donkey && donkey.resize) {donkey.resize(height); resized = true;}if (parent && parent._resizeIframe) {var obj = {iframe: window.frameElement, height: height}; parent._resizeIframe(obj); resized = true;}if (window.location && window.location.hash === "#amp=1" && window.parent && window.parent.postMessage) {window.parent.postMessage({sentinel: "amp", type: "embed-size", height: height}, "*");}if (window.webkit && window.webkit.messageHandlers && window.webkit.messageHandlers.resize) {window.webkit.messageHandlers.resize.postMessage(height); resized = true;}return resized;}twttr.events.bind('rendered', function (event) {notifyResize();}); twttr.events.bind('resize', function (event) {notifyResize();});if (parent && parent._resizeIframe) {var maxWidth = parseInt(window.frameElement.getAttribute("width")); if ( 500 < maxWidth) {window.frameElement.setAttribute("width", "500");}}ConsenSys’s importance to Ethereum goes well beyond providing infrastructure tools. Positioning ConsenSys as the industry friendly face of decentralisation gives the firm a large amount of influence in defining to organisations both what it is and how it can be useful. It also increases the chances of Ethereum adoption amongst corporations, as competitor protocols lack a similarly well-organised cheerleader body. As Lubin argued at the launch of the EEA, “Enterprises represent mindshare, they represent resources”.A quick side note; some connections overlap because of ambiguity or because they could fit in multiple sections. Furthermore, some connections are stronger than others; for example, although I have listed ConsenSys on the MOBI and Trusted IoT Alliance, it should be noted there are multiple other crypto companies who are also members.Soft PowerThe firm’s influence on corporations is mirrored by its close ties with global and country non-profit bodies. These can be broken up into three broad categories:Governments and NGOsCrypto associationsEducationStrong government relationshipsThe most obvious route to influence comes in close relationships with government bodies. ConsenSys works with a number of government agencies, including the likes of the European Commission, the South African Reserve Bank and the Inter-American Development Bank. It has worked with bodies in India, the United States and the Middle East. It also has its Social Impact and Grants schemes, which enable it to work with NGOs in the developing world as well as funding impact projects out of educational institutions such as the University of Michigan. Much like the company, it has connections worldwide.This has also materialised into a more formal presence, with over 1,000 employees spread across six continents. Despite the Dublin office only opening in June with 12 employees, the company is already looking for new office space as they look to increase their headcount to over 110 employees, up significantly from the initial 12 month target of 60. Governments love technology employers, particularly ones in new fields; they usually create high paying roles and enable technology clusters to form. This alone provides clout.Leading voice in cryptoPhoto by BRUNO CERVERA on UnsplashSecondly, ConsenSys is unsurprisingly active in trade bodies. It co-founded the Enterprise Ethereum Alliance, it runs the Ethereal Summit and the newly launched TruffleCon, and it is a member of Crypto Valley and Global Digital Finance. Furthermore, it is at the forefront of many initiatives in the space either directly (such as the Regulatory Framework it constructed with Coinbase, Coin Center and Union Square Ventures) or through its projects (such as the token framework devised by Token Foundry and similar work by the Brooklyn Project). Above all, it is as closely entwined with Ethereum as can be as a result of Lubin’s early involvement and the subsequent work by ConsenSys to grow the network.Emerging educational forceThis input on standards extends to constructing the literature through which people learn about decentralisation and Ethereum. It has partnered with Coursera to devise a course on blockchain and decentralisation and has launched its Academy arm to teach people what blockchain is.The joint Coursera/ConsenSys courseGiven the lack of comprehension of blockchain within governments and industry, coupled with the immaturity of blockchain focused education, being able to set the standards of which elements of decentralisation are important and tailoring that presumably to what Ethereum can enable would be a powerful asset. Of course, this is what the firm is able to achieve in its current more individual/limited interactions with industry and government bodies at present. The Academy is simply a more formal extension of this.Why is all of this important? Because it puts ConsenSys in a position of being able to teach regulators, governments and the wider world what crypto is — or rather, what they want crypto to be seen as.We’ve been lucky to get called in by regulators to share our understanding of what this new technology is. We helped to enable the different, very smart people in those agencies understand that blockchain may bring a fundamentally new construct and it may be possible to use existing rules to assess it, but it may need a new way of organizing collective action. — Joe LubinFinally, as this article was inspired by the Civil ICO, it would be neglectful not to mention the firm’s expanding media operations. This includes the film studio SingularDTV (which recently released the blockchain documentary ‘Trust Machine’), UjoMusic and the dual news platforms of DecryptMedia and Breaker magazine (which is itself owned by SingularDTV). Although these news platforms are editorially independent, it provides ConsenSys with another component upon which they can build out a media platform.https://medium.com/media/45c7924c331f35c255ab41351814ebe4/hrefConsenSys: A model for future networks?Some have commented that ConsenSys is Ethereum. While this is a step too far, the importance of the firm to the network is undeniable, for it simultaneously acts as lobby group, incubator and technological driver.However, ConsenSys is becoming not just relevant to Ethereum but, through the government, regulatory and industry connections it has built, important to the whole crypto space. This is likely to only increase in coming years, as it expands its Enterprise and Ventures offerings whilst simultaneously playing a bigger part in linking crypto and industry. Given growth to date, it would be difficult to bet against its importance increasing in future years.Later this week: How does ConsenSys fund itself?If you enjoyed this then please follow me @flatoutcryptoConsenSys: Understanding one of the most important firms in crypto was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Matthew Di Ferrante, a developer at Ethereum Foundation, talks about the real use case of blockchains. To give our readers a perspective on this matter, Finrazor further provides an overview of current adoption of blockchains at enterprise level.

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Binance Coin (BNB) Falters Pushing Bitcoin Dominance Index to 2019 High

Binance Coin (BNB), the best performing cryptocurrency in 2019, is having hard times maintaining its recent gains despite major developments. Meanwhile, the Bitcoin dominance index has hit its highest so far in 2019.  Binance Coin Struggles As Bitcoinist reported last week, Binance Coin (BNB) 00 is amongst the best performing cryptocurrencies in 2019 so far. Year-to-date, the altcoin has gained around 260 percent. Moreover, a few days ago, BNB became the first to surpass its all-time high value of January 2018. On a shorter term, however, the cryptocurrency doesn’t seem to be able to maintain its gains. Since its price surged towards its newly-found ATH on April 20th, BNB has pulled back, experiencing a notable decrease of around 11 percent against the USD. Against Bitcoin, BNB is down even more with a 16 percent decline. ‘Binance Effect’ Fizzles… For Now Controversially, the sudden pull-back comes at times when there’s a lot going on for Binance and BNB. Earlier in this month, Binance launched the mainnet for their decentralized exchange Binance Chain. Touted as a “new chapter” in the history of the company, the event also set the stage for an important development for the currently existing ERC20-based BNB coins – their swap to Binance Chain. Moreover, Bitcoinist reported that every project which migrates to Binance Chain sees its token’s price skyrocket on the news. Since our last report, two more projects have migrated to Binance Chain, namely Gifto (GTO), and the Blockmason Credit Protocol (BCPT). Their prices, unsurprisingly, marked notable increases following the move. On another note, Binance Launchpad – the Initial Exchange Offering (IEO) structure of the cryptocurrency exchange, is having its fourth sale today with a brand new lottery system in place. According to the official website, the ticket claim process is already in progress. Ironically, Binance Coin seems to be the only cryptocurrency that fails to capitalize on the so-called “Binance Effect.” …Nor Does BTC Price Pump Another thing to consider is Bitcoin’s price performance throughout the same period BNB has been declining. Since April 22nd, BTC has marked yet another notable leg up, jumping from around $5,300 to $5,630 – an increase of about 6.3 percent. Bitcoin price 00 has experienced a slight pullback since its recent peak, losing about 1.5 percent on the day. However, looking at the overall cryptocurrency market reveals that BTC is actually holding relatively strong compared to other altcoins, most of which are bleeding notably. In result, the Bitcoin Dominance Index, which measures Bitcoin’s relative market share by capitalization, has risen to 54.7 percent, the highest in 2019 so far. What do you think of the recent drop in the price of Binance Coin? Don’t hesitate to let us know in the comments below! Images via Shutterstock, TradingView, Coinmarketcap.com The post Binance Coin (BNB) Falters Pushing Bitcoin Dominance Index to 2019 High appeared first on Bitcoinist.com.
Bitcoinist

Ontology’s VBFT Algorithm Sets New Standard for Blockchain Consensus

Ontology introduced its VBFT consensus algorithm last year and the project has continued to build momentum over the past several months. This is big news in the world of blockchain as the PoW and BFT consensus algorithms are what most mainstream public chains are using today. Ontology hopes that the VBFT algorithm will replace those commonly used, as they believe they have solved some of the major problems that lie within them. VBFT improves on the performance and scalability of public chains all while guaranteeing the randomness and fairness of a consensus network. Other algorithms have been known to cause The post Ontology’s VBFT Algorithm Sets New Standard for Blockchain Consensus appeared first on CCN
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Breaking: NASDAQ is Testing Trading of a Bitcoin-based Product

Coinspeaker Breaking: NASDAQ is Testing Trading of a Bitcoin-based ProductIt’s great news for Bitcoin (BTC) enthusiasts and the crypto community as Nasdaq is possibly testing the trading of a Bitcoin-based product. Cryptopolis, a quantitative analyst at StrongMarket, tweeted about purchasing one BTC on the Nasdaq platform through his TD Ameritrade account.Cryptopolis also noted that the BTC trading was available since April 10 on the Nasdaq platform.BREAKING: BTC is now being traded on the Nasdaq! I bought one BTC through my TDAmeritrade account! According to the chart it started trading April 10, 2019!! Other digital assets are soon to follow!! 🚀🚀🚀 pic.twitter.com/1VgE1Whoa4— Cryptopolis (@cryptopolis_x) April 22, 2019As we can see, Bitcoin (BTC) was trading against the U.S. Dollar under the ‘CXERX’ ticker symbol. However, Cryptopolis laters spoke with the support team of TD Ameritrade to clarify this matter. It turned out that this was just a test on Paper Trading platform meaning that you can just simulate a Bitcoin (BTC) buy, but not actually purchase it.However, the support denied giving additional details regarding this matter. In another tweet, Cryptopolis wrote:“UPDATE: According to TDAmeritrade support – it’s not a real trade in my account – it appears they are testing only using their Paper Trading platform. Support said “I’m not able to speak on it” -They did not know what CXERX is. Strange… But something is going on for sure!”Nasdaq’s Bitcoin Trading to Trigger Next Bull RunUndoubtedly, the availability of Bitcoin trading on the Nasdaq platform could trigger the next bull-run in the crypto market. It would be huge news for the overall crypto community as this could lead to a flood of institutional money flowing into the crypto market.Since long, Nasdaq has been to step in the crypto market through one or the other route. Nasdaq already provides several crypto exchanges with real-time information on two cryptocurrency indices – Bitcoin and Ethereum. If the world’s second-largest stock exchange allows BTC trading, it will open the floodgates for huge investor participation.Furthermore, Nasdaq is most likely to launch its Bitcoin futures contracts along with VanEck in the first half of 2018. A Bloomberg report released in November 2018 read:“Nasdaq has been working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts, the people said. The New York exchange operator, which was first reported to be eyeing Bitcoin futures last year, wants to allow trading in the first quarter of 2019, one of the people said.”Nasdaq is most likely to be accompanied by another big player – Bakkt – who is planning for Bitcoin futures launch ahead this year. The year 2019 is likely to bring some of the most interesting developments in the crypto market.Since the beginning of April 2019, Bitcoin and the overall crypto market has created a fresh new hope after months of massive crypto winter. Bitcoin price has surged by nearly 30% in the last three weeks as it sets its new target for $6000. Similarly, the overall market has added $40 billion since April 1, as altcoins majorly participate in this month’s bull run.Breaking: NASDAQ is Testing Trading of a Bitcoin-based Product
Coinspeaker

BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections

The cryptomarket is going through some good times, recovering from the sharp fall it had during 2018. The recovery of the global marketcap, and the high number of developments around cryptos and blockchain technologies has led many analysts to claim that we are close to witnessing not only a stabilization of the markets but also a bullish trend in the short term. Of all the crypto currencies on the ecosystem, BTC has always been the reference token, not only for holding the most powerful position in the top 10 but also for having the highest number of users and software developments. BTC is Having a Great Week BTC has experienced a significant price increase. After a period of constant “Bart Simpsons”, it finally seems that the most important cryptocurrency in the world broke the 5k resistance. This marks an a crucial milestone as it is a a value that could not be reached for months. However, during the last few hours BTC was curiously bullish. The token easily broke the 5.4K to flirt with the 5.6K band. If this trend continues, it could be said that BTC has been bullish for the entire past week, winning between 500 to 600 Dollars per token. BTC. 30 minute candles. After the big green candle, 5580 has become a new support Bitcoin (BTC) 1day candles. courtesy Tradingview Cardano (ADA) Also Shows Some Positive Signs Another token that has been specially bullish is Cardano (ADA) The project that promises to solve the “blockchain trilemma” experienced a a surge of about 10% in less than 24h, standing at one point almost at $0.08 per token. One of the reasons for this rise is the positive reaction of the market to the announcement by Charles Hoskinson (head of the project) saying that IOHK managed to close a an association with the Ethiopian government to popularize the use of Cardano in that region. According to Mr. Hoskinson, thanks to this partnership the Ethiopian authorities, the government will allow its citizens to use ADA to make payments as if it were fiat. Also, residents of Addis Ababa, the capital of the country, will be able to use ADA to pay for public transport services in the city. Right now, Cardano (ADA) experienced a correction that placed the token back to the support at 0.074 USD. The token then went up again to 0.075 with signs of another possible bullish trend in the short term Currently the bullish trend seems to be solid in most of the markets. The signs of a trend reversal are not strong enough to be frightened, however it is important to follow the charts, remembering that cryptocurrencies are extremely volatile. The post BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections appeared first on Ethereum World News.
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