Ditto Music to Launch App Offering Speedy Blockchain Solution

Ditto Music will launch Bluebox, a blockchain recording technology that could be a boon to musicians and distributors alike.  What it’s all about The problem, says Ditto Music CEO Lee Parsons, is that misplaced metadata can end up eating away at the bottom line.  Recently Ditto made a royalty payment of 60,000 pounds sterling ($80,000) to the wrong artist. Parsons reportedly had to pay the correct artist out of his own pocket.  But Bluebox will allow artists to address legal concerns, such as copyright registration, publishing, and mechanical splits. The…

Israeli Regulators Request Feedback to Foster Blockchain Innovation

The Israeli Securities Authority (ISA) has issued a Jan. 20 Request For Information to identify potential regulations that prevent the development of blockchain-based ventures in the country. In addition, the regulator seeks to find out the practical applications of Digital Ledger Technology (DLT). As Israel’s financial watchdog, the ISA formed a committee to promote the development of the blockchain industry in the country. The regulator focused on platforms that issue and trade blockchain-based securities and their properties, including the use of tokens and smart contracts. This initiative builds from the…

Russian State-Run Tech Firm to Decrease Spending on Blockchain by 50%

Russian government-backed corporation Rostec intends to cut spendings on the blockchain development in the country by at least 50%. According to Rostec’s roadmap, the organization is planning to spend 28.4 billion rubles ($453.2 million) on the development of blockchain technologies in Russia by 2024, instead of initial 55 billion ($877.8 million) to 85 billion rubles ($1.3 billion). The news was reported by domestic news outlet Kommersant on Jan. 27. The corporation detailed that the introduction of blockchain tech into the product labeling system will require 650 million rubles ($10.3 million),…

Over 700 Blockchain Firms Founded This Month in China, Over 26,000 In Operation

Chinese entrepreneurs registered 714 blockchain firms in China this month, resulting in a total of 26,089 such companies operating in the country. According to cryptocurrency data firm LongHash on Jan. 26, the total number of blockchain firms registered in China is 79,556, while 57,257 Chinese blockchain firms also lost their legal status or had their licenses revoked.  From 2009–17, the annual number of founded blockchain firms remained relatively static, before a notable jump upward in 2018. While it remains to be seen whether funding remains stable for the remaining 11…

Crypto and Blockchain Firms Pitch In to Help Coronavirus Victims

Some blockchain and cryptocurrency firms have pledged to help victims of the coronavirus in Wuhan, China. Cryptocurrency exchange Binance pledged to donate 10 million Chinese yuan ($1.44 million) to the effort. In a tweet on Jan. 25, Binance CEO Changpeng Zhao said that Binance made the pledge but did not make any announcements after a Twitter user tagged him in a news article about cryptocurrency donations being accepted for the cause: “For #Wuhan, not realistic to do crypto to end beneficiaries. Binance pledged 10m RMB ($1.5m USD) to help #coronavirus…

CV Summit United Blockchain Leaders and Enthusiasts in Davos

If you wanted to go deep on blockchain at the World Economic Forum, you needed to attend the conference’s side events. Perhaps the largest of these crypto-friendly events was CV Summit, an all-day conference organized by CV Labs. The Switzerland-based organization (operated by CV VC) endeavors to offer crypto entrepreneurs whatever resources they need to succeed, from fundraising help to coworking space. On Thursday, January 23, that meant offering a full agenda of speakers and panel presentations to crypto-hungry Davos attendees. The docket was loaded with speeches by high-profile crypto…

UK’s Lancashire Cricket Club Now Uses Blockchain Platform to Sell Tickets

The United Kingdom’s legendary Lancashire Cricket Club will sell tickets for all domestic and international fixtures at Emirates Old Trafford in 2020 through a blockchain-based platform. In a news release on Jan. 24, the club revealed that it will use a blockchain-powered mobile tickets platform dubbed TIXnGO. The platform has been jointly developed with Lancashire’s ticketing service provider, SecuTis, and was successfully tested during the 2019 season. Eliminating fake tickets By deploying the platform, the club intends to eliminate fake tickets and track ticket distribution among their supporters. Lancashire’s head…

How Payswap Can Confuse Blockchain Analysts, Benefiting Bitcoin Privacy for All

Although Satoshi Nakamoto’s white paper suggests that privacy was a design goal of the Bitcoin protocol, blockchain analysis can often break users’ privacy. This is a problem. Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much they own, while businesses may not want to leak transaction details to competitors — to name some examples. But there are solutions to regain privacy. A new solution was proposed on the bitcoin-dev mailing list this week, by the Bitcoin and Lightning…

LinkedIn Co-Founder Blue Outlines Risks of Blockchain Sexism: WEF

Women are still at risk of being excluded from jobs in fast-growing careers like blockchain and artificial intelligence (AI), a LinkedIn co-founder warned. Allen Blue, co-founder of major professional social network LinkedIn, has raised concerns about occupational inequality in industries like blockchain at the World Economic Forum annual meeting in Davos on Jan. 24. The executive delivered his remarks on the issue in an interview with Abu Dhabi-based news agency The National. The LinkedIn co-founder urged the global community to take measures to prevent the further extension of the gender…

UK Cricket Club Will Issue this Season’s Tickets Over a Blockchain

A county cricket club in the U.K. is to use blockchain-based ticketing for all domestic and international fixtures played at its home ground in 2020. According to a report Friday from industry magazine, TheTicketingBusiness, Lancashire Cricket Club developed the new solution in partnership with the blockchain ticketing provider TIXnGO. The new blockchain tickets are said to be entirely traceable, unique to the purchaser and nearly impossible to counterfeit. The system also includes a new facility that simplifies the process of transferring or reselling tickets. Following 18-months of development, the new…