“A new decentralized autonomous organization (DAO) on Ethereum has legal protections baked right into the cake.
OpenLaw’s LAO, or “Limited Liability Autonomous Organization,” opened Tuesday for investors looking to compliantly earn returns on the next wave of Ethereum-based projects.
By creating a distributed group of investors, initially capped at 100, the LAO seeks to legitimize new forms of venture capital investment. Users can put ether (ETH) – at a minimum of 120 ETH (roughly $23,000 at current prices) – into the smart contract, vote and perhaps accrue payout based on those investments. The LAO will host multiple projects, which will sign over tokenized shares of stocks in exchange for investors’ ETH.
If Coinbase legitimized the model first put forth by Mt. Gox, Wright said, the LAO could do the same for DAOs, which have seen a relative comeback in the past year.”
“The World Economic Forum (WEF) is pitching blockchain as the savior of failing global supply chains. The Swiss NGO best known for its glitzy Davos summit published “Redesigning Trust: Blockchain Deployment Toolkit,” a guide to building more resilient supply chains on distributed ledgers.
The toolkit frames blockchain as a natural technological evolution for companies and governments emerging from this public health crisis.
One section [even] considers how zero-knowledge proofs, homomorphic encryption, role-based access controls and off-chain hashing configurations may offer workarounds for the European Union’s General Data Protection Regulation (GDPR).
The case for blockchain is stronger as the COVID-19 pandemic underscores the need for more resilient global supply chains, trusted data and an economic recovery enabled through trade digitization.”
See Also: Blockchain Deployment Toolkit
“‘Blockchain technology is being looked on to deliver a framework that can be used by stakeholders in the commercial drone industry,’ the government agency said in an April 15 report, noting benefits in areas such as security, ID management, conflict management, flight authorization and air traffic management.
The number and variety of UASs and the diverse operations they are or may be expected to soon be involved in make these aircraft especially suitable to the trust and operational integrity provided by blockchains.
In the latter half of 2019, both IBM and Walmart filed drone-related patents involving blockchain, showing a growing interest in the technology’s application in the sector.”
See Also: Samsung-Backed DLT Firms Launch Blockchain Think Tank for MEASEA Region
“Emergency protections found in the revised libra white paper are similar to the clearinghouse certificates the U.S. used to prevent bank runs prior to the establishment of the Federal Reserve in 1913.
Libra’s white paper proposes the network operators could issue “redemption stays” to prevent funds being taken out of the Libra Reserve.
Eichengreen and Viswanath-Natraj believe libra’s emergency protocols could simply be a stopgap until such time as a clearer relationship with the Fed is defined. They cite parts of the libra white paper that say an unspecified “third-party administrator” could be brought in to provide emergency liquidity in a crisis. But that all depends on whether the Fed chooses to support libra.“
See Also: Cross-Border Payment Portal Checkout.com Is Latest to Join Libra Association
“The number of addresses with a balance in Kyber Network Crystal (KNC) – an Ethereum token that fuels operations on the DEX – reached an all-time high of 61,980 on April 27.
These additional ways to generate yield via staking, coupled with token burning is a major incentive to purchase and hold KNC.
However, KNC staking will earn rewards only if the holders vote on network issues under a new community platform for decentralized governance. That platform, known as KyberDAO, is to launch simultaneously with the Katalyst upgrade.
The fact that holding KNC will allow investors to participate in developing the protocol could also be a prominent reason for the rise in addresses with KNC balances.”
See Also: Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services
“IPFS 0.5 reportedly makes uploading new data 25 times faster, fetching content two to five times faster, while finding nodes that have it will be two to six times quicker.
There’s also a ton of smaller features – like support for .eth domains, tools for fast data importing and exporting, and developer tooling improvements.”
“The European Central Bank is studying solutions that would create homegrown systems to handle both brick-and-mortar and ecommerce payments. The digital euro is being assessed as part of that initiative.
Panetta however emphasized that the digital euro ‘should not discourage or crowd out market-led initiatives aimed at introducing private electronic means of payment.’ Whether that statement is intended for decentralized crypto or more traditional companies remains to be seen.”
See Also: SEC’s CryptoMom on Outlook for the Digital Dollar and the End of Her Term in June
See Also: ChicoCrypto on the Digital Dollar Project (Video)