TODAY'S COMMENT: Let's go blockchain! I know first hand that once it gets going, in terms of return on time invested for workers (beyond just stakeholders) we will all be a happier digital community.
Overall Crypto Market
Crypto is mingling on the center stage of business data/logistics/accounting/cloud stuff.
Main Crypto Players
Believe it or not, it is worth mentioning Facebook here. Maybe this is a temporary headline grabber, but for now, let's give it an eyeball and see what else lurks nearby.
Corporate Influence
Still IBM. Also JPMorgan coin is staying afloat in the media.
Emerging Projects
Today I just wanted to look at things from the general public's eye that sees Zuckerberg pass the pass the ball to crypto to solve privacy issues. This is why I mention Steem's SMTs below. Any similar crypto app would suit just fine here.
Today's Flyby
Just wanted to bring some attention to blockchain and cloud computing. If your attentive to the business world then you know that many of the big names are incorporating blockchain tech. Cloud computing is one of the major areas affected. Merely investigate Amazon-blockchain and you will be swimming in text about current and future projects.
75% of existing non-cloud apps expected to make the switch to blockchain within three years according to IBMfrom Crypto Tomorrow
Several forecasters went out on a limb to say Bitcoin would begin to climb steadily once it broke the 4k barrier. Well that coincided with Steem releasing Smart Media Tokens (SMTs). The vision for SMTs is to compete with FB and Twitter "like" buttons. Again, unlikely a coincidence that Zuckerberg announced FB's crypto plan around the same time of SMTs released this month.
I had been waiting to post on SMTs since I do not have the funds to get into the test net, and the release date went by very quietly. Good thing I found @littlescribe going through the SMT whitepaper in a recent post
With SMTs, any website or content library across the internet may have one or more tokens integrated into its interface to facilitate fundraising and autonomous growth.
So why is this important? Why not leave this to Ethereum? Well consider why every business needs a twitter and FB account. Modern society demands communication from the seller. Let the buyer beware is OK at an Old Testament marketplace (like what persists in undeveloped areas of the world). However, now in the digital age, if you cannot give consumers a direct press release from you phone while riding around in your limo, they will look to buy from another seller.
SMTs are the vehicle for the most popular social media experiment on a blockchain.
Whose to say if Steemit will go the way of MySpace or blossom like digital entertainment. Looking at the price of Steem, it seems as if investors have lost some confidence. They were excited the week preceding the target date, but now, as Bitcoin tops 4k, Steem seems to have flat-lined.
There are a lot of issues (relationships, tech, competition, ideas, plans, etc.) which involve other organizations that I can get into here, but again, my recreation writing time is limited.
I'll let this carry over through the month: US SEC Schedules Public Forum on Blockchain and Cryptocurrency for March 31, 2019. << THAT'S TODAY
M^5Wire objectives include:
- speedy, absorbable read
- overview/brainstorm of current events related to blockchain, crypto, and fintech
- commentary and insight that is absent of bias and predictions
- adds sustainable value to the web and the investigative pursuits of readers
- considers a global aviation perspective with emphasis on GA economics
How Can I Improve?
Hope you enjoyed this flyby. Comments are welcomed, and through this platform, I can assign value to your meaningful thoughts!