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Forkast.News

Forkast.News is a digital media platform that covers stories about emerging technology at the intersection of business, economy and politics. From Asia, to the world.

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June 2019

American Corporate Giants Use Blockchain To Make Drugs Safer

Armonk, NY — IBM, KPMG, Merck, and Walmart have been picked by the United States Food and Drug Administration to develop a blockchain system to improve drug safety. The four corporate giants will work together on a solution to track and trace some prescription medicines and vaccines as they move through the supply chain. Each company […]

The Advantages of Not Being Open Source (Part II)

Key Highlights In lieu of being open source, Hedera Hashgraph aims to bring stability to its platform Hedera Hashgraph’s cryptocurrency is called HBAR Listen to the full podcast version of this interview Transcript of Part II But Hashgraph in of itself is patented… Hashgraph is an algorithm, correct. The IP for Hashgraph is privately owned. […]

How Hedera Hashgraph Will Spend $100M (Part III)

Key Highlights Fundraised $100M at a $6B valuation Hedera Hashgraph has proposed a new regulatory language Listen to the full podcast version of this interview Transcript of Part III Well, it’s very exciting in the space. You raised 100 million dollars on a 6 billion dollar valuation. What are you doing with 100 million dollars? […]

How the U.S.-China Trade War Impacted Hashgraph (Part IV)

Key Highlights Hedera Hashgraph will devote capital from the fundraise to grow enterprise sales and double down on regulatory The governing body for Hedera Hashgraph was designed to be distributed and representative of all constituencies from a global perspective Listen to the full podcast version of this interview Transcript of Part IV Liquidity and market. […]

When Will We See Real-World Solutions? (Part V)

Key Highlights Hedera Hashgraph is focused on enterprise solutions of distributed ledger technology (DLT) adoption Several large brands, including Nomura, Deutsche Telekom, Swisscom, and DLA Piper are already users of Hashgraph Listen to the full podcast version of this interview Transcript of Part V What’s the road map for you? Testnet, Mainnet, what do we […]

Can Hashgraph Co-Exist With Other Blockchain Players? (Part VI)

Key Highlights The market of players will consolidate over time to a handful of large players Hedera Hashgraph will continue to start with enterprise applications in an effort to become the leader in that space within distributed ledger technology Listen to the full podcast version of this interview Transcript of Part VI Can you co-exist […]

Facebook Unveils Libra – A Cryptocurrency With Big Goals

Facebook today unveiled its long rumored cryptocurrency, which will be known as Libra, and you won’t need a Facebook account to use it. That’s because Facebook says it wants to help those without bank accounts. “Libra holds the potential to provide billions of people around the world with access to a more inclusive, more open […]

In Conversation with Mance Harmon (Full Interview)

Key Highlights Hashgraph is an alternative to blockchain Hashgraph optimizes both security and performance In lieu of being open-source, Hashgraph aims to bring stability to its platform Hedera Hashgraph’s cryptocurrency is called HBAR Fundraised $100M at a $6B valuation Hedera Hashgraph has proposed a new regulatory language Hedera Hashgraph will devote capital from the fundraise […]

Capital Flees Crisis Hit Hong Kong, Crypto Among Safe Havens

Hong Kong – The fallout from a controversial extradition bill proposed by Hong Kong’s pro-China Chief Executive Carrie Lam has reportedly triggered capital flight and Bitcoin trading at a premium in the city. Massive demonstrations against the bill, including one that saw an estimated 2 million of Hong Kong’s 7.5 million people march on Sunday, […]

Students Create Canada’s First Blockchain Diplomas

Calgary — The Southern Alberta Institute of Technology (SAIT) will be the first post-secondary institution in Canada to issue digital diplomas through blockchain. More than 4,800 graduating students in SAIT’s Class of 2019 will receive blockchain-based documents along with their traditional parchments. Fittingly, the idea was inspired by a group of students. “Last year we […]

Legal & General Launches World’s First Blockchain Reinsurance Platform

Legal & General, Britain’s largest manager of corporate pensions, today announced the launch of the first reinsurance platform driven by blockchain. Known as ‘estua-re,’ it will initially be used to handle bulk annuities, which involve L&G taking over companies’ defined benefit or final salary pension schemes. “We believe that blockchain is uniquely suited to the […]

Visa Launches Swift Payments Killer Using Blockchain

SAN FRANCISCO — Credit card giant Visa has launched its blockchain-powered business-to-business payments service B2B Connect. B2B Connect can now be used by businesses seeking to make payments to 30 markets, with 90 more expected to be added by the end of this year. To start, it’s available for B2B transactions of $15,000 and up, which […]

US Government’s Massive Archive Explores Blockchain

Washington, DC — The National Archives and Records Administration (NARA), the agency tasked with preserving the U.S. government’s colossal archive of historical records, wants to use more blockchain. Of immediate interest to NARA, verifying tamper-free versions of documents to guard against deep-fake videos, which are created by machine-learning algorithms that can manipulate images and audio […]

Big Brewer Invests in Blockchain to Help Small Business

Minneapolis, MN – The world’s biggest brewer is increasing its stake in a blockchain trailblazer helping some of the world’s smallest businesses. Anheuser-Busch InBev announced today it boosted its Series A investment in Minnesota-based BanQu (pronounced Bank-You), a blockchain startup working to help entrepreneurs and small-business owners, most in the Third World. Exact terms of […]

First Big European Football Club Takes Cryptocurrency

LISBON — Portuguese champions Benfica are the first major European football team to accept cryptocurrency. Fans can now use crypto to purchase tickets and merchandise directly from the club. “We recognize that many of our supporters are now digital users first, so we want to be ahead of the curve when it comes to adopting […]

Blockchain Voting Pioneer Voatz Scores Series A Funding

BOSTON — Blockchain voting platform Voatz announced today it raised $7 million in Series A funding, including backing from Medici Ventures, the subsidiary of Overstock.com created to boost blockchain. “Voting is a great application of blockchain technology,” said Medici Ventures President Jonathan Johnson. “Many of the key issues facing the world today cannot be addressed until we have […]

Facebook’s Foray Into Crypto: How It All Began

Adding Blockchain Faces to Facebook: the Acquihire of Chainspace Facebook hired the founding team of Chainspace in Feburary 2019. Chainspace is a blockchain startup developing new technology to scale and speed up the execution of smart contracts on the Ethereum platform. The social media giant seems to be more interested in acquiring Chainspace’s talent than […]

Facebook to Launch Cryptocurrency?

Reports say Facebook will announce its rumored cryptocurrency sometime in June, and will allow employees working on the project to take their salary in it. Facebook appointed former PayPal executive David Marcus last year to explore opportunities with blockchain. Insiders say Marcus has focused on a digital currency, which users will be able to store, […]

US Insurance Giants Team Up on Big Blockchain Solution

American insurance giants State Farm and USAA want to use blockchain to speed up auto claims.  They’re focusing on the last part of the claims process called subrogation. Subrogation is the legal right that allows one party (e.g., your insurance company) to make a payment that is actually owed by another party (e.g., the other […]

Blockchain’s “Voice” Takes on Facebook

Move over Facebook, a new kid is on the block. Voice, a new blockchain-based social media platform, will launch promising users more control over their posts and photos. “The truth is, current social media platforms are designed to use their users,” said Brendan Blumer, CEO of Block.one.  “By design, they run by auctioning our information […]

May 2019

In Conversation with Charles Hoskinson (Full Interview)

Key Highlights Open-sourced platforms face bottlenecks In a truly decentralized community where there is no direction or leading voice, it can be difficult to gain consensus and make progress; establishing governance for a more disciplined and coordinated team can quicken decision-making and maintain quality Creating a bridge between centralized and open-source blockchain is a critical […]

Revolution or Evolution? The Philosophy of Blockchain with Charles Hoskinson, Co-Founder of Ethereum and IOHK (Part IV)

Key Highlights Hoskinson says using open-source is a prerequisite to get governments and universities to adopt a system Blockchain allows the producer and the consumer to find each other, and interact as if Uber or Airbnb existed, but without these middlemen  Listen to the full podcast version of this interview Transcript of Part IV The […]

Of All the Programming Languages in the World, Why Haskell? (Part III)

Key Highlights Cardano is both a cryptocurrency and a decentralized computing platform Cardano is often criticized for building its smart contract platform on Haskell, a programming language used mainly in academia in which programmers are difficult to find Hoskinson says Haskell is more precise and helps secure open-sourced blockchain to internet-based platforms Listen to the […]

Launching a Blockchain-Powered Coffee Supply Chain Project in Africa with Cardano (Part II)

Key Highlights In Ethiopia, Cardano is training up a team of Haskell developers to work on supply chain pilot for coffee farming  Cardano hopes to expand the model to many different government services like voting services, property registration, and business registration Listen to the full podcast version of this interview Transcript of Part II We […]

What is Proof of Stake?

Introduction The blockchain revolution is happening so fast, that it too is being revolutionized. Until now, the de facto mechanism to reach consensus on distributed ledgers has been Proof of Work (PoW), in which computers compete to solve fictitious mathematical problems. However, this system wastes a lot of energy and computer power. But now a […]

Caroline Malcolm, OECD’s Head of Blockchain Policy Center, on International Blockchain Regulation

Key Highlights The regulatory challenge is in how to balance proactively supporting blockchain development while defining the ways in which the regulatory body should protect against downsides Traditional approaches in thinking about regulation from a national level will not be enough; national systems need to work well together and move towards harmonization, even if it’s […]

LISTEN: Blockchain and its Potential for Social Impact with UNICEF

Key Highlights As of December 2018, UNICEF has invested into six blockchain companies in five countries UNICEF now accepts cryptocurrency donations and allows donors to easily mine cryptocurrency just by visiting their donation site Across UNICEF’s projects, blockchain technology is being used to improve traceability of donations and to better track outcomes of donated funds […]

LISTEN: Are We Ready for Cryptocurrencies as an Alternative Asset Class?

Key Highlights As a non-sovereign, decentralized, and digitally native asset, Bitcoin has a strong value proposition to hedge against any risk of a major currency devaluation Cryptocurrency is censorship-resistant; it’s accessible to everyone, and anyone can acquire it, making it powerful for long-term wealth storage for both companies and individual Quantitative easing and the Federal […]

Can Cryptocurrencies Restore Japan’s Former Economic Glory?

Key Highlights Introducing digital currencies would allow countries like Japan to incentivize economic behavior, such as putting greater spending power in peoples’ hands Japan’s demographics make it an interesting test case: given its shrinking population and risk-averse culture, what is the balance between harnessing innovative technology like blockchain? Japan currently taxes cryptocurrency gains at 55% […]

Hoskinson, Co-Founder of Ethereum and IOHK, on Why Cardano is a Better Platform (Part I)

Key Highlights Open-sourced platforms have faced bottlenecks in evolution of better technology In a truly decentralized community where there is no direction or leading voice, it can be difficult to gain consensus and make progress; establishing governance for a more disciplined and coordinated team can quicken decision-making and maintain quality Creating a bridge between centralized […]

QuadrigaCX CEO Dies, Customers Can’t Get Funds: What You Need to Know

Edited June 23, 2019 Key Highlights Dec. 9, 2018 — Gerald Cotten QuadrigaCX CEO dies of complications from Crohn’s disease while in India. Dec. 10, 2018 — Jaipur Police release NOC (No Objection Certificate) to Cotten’s widow, allowing her to return to Canada with the body of her husband. Jan. 2019 — QuadrigaCX announces CEO’s death. It […]

March 2019

LISTEN: In Conversation with Karim Sabba, Paris Blockchain Week

Angie Lau, Editor-in-Chief of Forkast.News, sits down with Karim Sabba, Co-Founder of Paris Blockchain Week, to discuss how France is trying to grow its influence in the blockchain industry. In the first released episode of “In Conversation With,” Angie Lau speaks with Karim Sabba, French entrepreneur and co-founder of Paris Blockchain Week who sheds light […]

November 2018

WATCH: How This Crypto Trader Arbitraged the Market

In this teaser for our upcoming series, “Market Forkast” — an up-to-the-minute crypto market analysis and trends report — Forkast. News talks about some of the real-time arbitrage strategies from an institutional trader’s perspective with Tim Tam, CEO of CoinFi. Recorded October 31, 2018.