1 Minute Chain Circle | Cainiao uses blockchain to build a 72-hour global logistics network, reducing costs by 33%; Singapore accelerates blockchain patent approval, 2 years can be shortened to 6 months...

Hi, Eribati! Recently, EOS has become popular again, and why is it so popular? It has a lot to do with the title of " Upgraded Ethereum " . EOS solves two problems of Ethereum, one is that EOS is faster; the other is that there is no need to pay for the use of smart contracts on EOS. What are your views on the future development of EOS? Hurry up and tell Keke in the comment area~


Here is the daily 1-sentence news for May 2nd, just 1 minute to see the hottest and latest blockchain news in the world .


Real-time price: BTC $ 9140   ETH $ 683.91   EOS $ 18.66 (Data source: Bitfinex)

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  • GuruFocus founder: digital currency itself can never replace real currency

  • Cornell University professor Emin Sirer: Canada's dominance in blockchain innovation may be related to Buterin

  • Director of the London Centre for Evidence-Based Management: Blockchain has little value for banking, it's just another fad

  • Wu Jiangang, Ph.D. in Finance: Decentralization is inaccurate, decentralization is more appropriate


company


  • Middle Eastern Financial Institutions Join Ripple Blockchain Network

  • Buterin releases partial proof-of-concept for Ethereum sharding technology

  • American Taikang Ecological Chain Foundation Launches Taikang Ecological Chain Landing Application

  • Cainiao uses blockchain to build a 72-hour global logistics network, reducing costs by 33%


worldwide


  • UN agency announces blockchain-related energy pilot project

  • Maduro pushes use of petro DASH to gain popularity in Venezuela

  • Singapore accelerates blockchain patent approval, 2 years can be shortened to 6 months

  • European Commission to use blockchain to fight fake news


trend


  • Ryan Zurrer: 2018 was a year of consolidation in the blockchain and digital currency industries

  • Bank of China and the National Health Commission signed a strategic cooperation agreement on the innovative application of blockchain resident health cards

  • Pantera Capital CEO: The total cryptocurrency market value is expected to reach 40 trillion US dollars


Congratulations, you have read all the news today. 1 minute of the chain, the check-in was successful on Wednesday.



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Want to see details? The following 1 minute, let you understand thoroughly!



1. GuruFocus founder: digital currency itself can never replace real currency


Charlie Tian, ​​founder of GuruFocus, said that the blockchain should be in the early stage purely as a technology, because there are still many technical problems to be solved, and there may be many applications after improvement. But digital currency itself can never replace real money. (Sina Finance)

 

2. Cornell University professor Emin Sirer: Canada's dominance in blockchain innovation may be related to Buterin


In terms of blockchain technology applications, Canada ranks third in the world after the United States and the United Kingdom. Emin Sirer, a professor at Cornell University, said recently that Ethereum nodes are geographically distributed around the world, while Bitcoin nodes are often located in data centers. Part of the reason for Canada’s dominance in blockchain innovation may be that Toronto is the home of Vitalik Buterin. (Babbitt)

 

3. Director of the London Centre for Evidence-Based Management: Blockchain has little value for the banking industry, it is just another fad


Martin Walker, director of the Centre for Evidence Based Management, a London-based think tank, told the UK parliament that digital currency and blockchain are of little value to the financial industry, it is just another fad, something that has become fad Makes people stop thinking. Talking about blockchain technology is also unhelpful, as most developers have strayed from the original blockchain principles that were originally developed to underpin Bitcoin, yet the hype around blockchain is on the rise, prompting bank reforms and renewing parts of the business. But Walker doesn't deny the enormous potential of blockchain, which Santander estimated in 2015 could save the banking industry $20 billion a year. (Businessinsider)


@ZHANG Changsuo88: The first premise for the application of blockchain technology is openness. There are not many scenes like this, maybe in the future.

 

4. Wu Jiangang, Ph.D. in Finance: Decentralization is inaccurate, decentralization is more appropriate


Recently, Wu Jiangang, a blockchain expert and a researcher at the China-Europe Lujiazui Institute of International Finance, said in an interview that the word decentralization is not particularly accurate. I prefer to use the word decentralization. It means not to be too centralised, but in many cases centralisation cannot be completely removed. But the transaction intermediary will be gradually replaced by the program. In other words, the transaction will not require an intermediary to participate in the matching. But information intermediaries, as an information service provider, should not be completely replaced. So I think it is a transaction intermediary, but there will still be various centers. But there won't be a very powerful center where everyone's data will be stored. (Babbitt)

 

5. Middle Eastern financial institutions join Ripple blockchain network


Ripple recently announced that BankDhofar, a financial institution in the Middle East, has joined its blockchain network and will use Ripple's blockchain technology to provide global cross-border payments. (Blockchain Weekly)

 

6. Buterin released a partial proof of concept for the Ethereum sharding technology


As reported by CoinDesk, Ethereum founder Vitalik Buterin shared a new codebase documenting part of the proof-of-concept of the so-called "branch selection rule" in the release of "sharding is coming", which is "ether sharding" Code for how to interact with the main blockchain. Sharding technology is designed to divide Ethereum into several concurrent networks, allowing the entire network to scale more efficiently. This will help ease the congestion faced by the network, thereby increasing transaction speed and reducing costs. (Chain Finance)

 

7. American Taikang Ecological Chain Foundation launched Taikang Ecological Chain landing application


The Taikang Ecological Chain Foundation of the United States has launched the Taikang Ecological Chain landing application. TCM doctors can open online clinics on the Taikang Ecological Chain platform to serve the world effectively and conveniently. At the same time, it also solves the problem that ordinary people are difficult to see a doctor, and they can seek medical treatment on the Taikang ecological chain without going out. (Taihai Net)

 

8. Cainiao uses blockchain to build a 72-hour global logistics network, reducing costs by 33%


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Cainiao and Tmall have jointly opened a dedicated shipping line and built a 72-hour global logistics network, providing one-stop service from procurement to distribution. Cainiao has opened and built a cross-border shipping line in Australia, reducing one-third of the original cost, using big data to fully integrate orders, and using blockchain technology to conduct logistics inquiries on goods, which will become the trend under the new retail business model. (E-commerce News)

  

9. UN agency announces blockchain-related energy pilot project


According to ethnews, the United Nations Development Programme is planning a blockchain-related pilot project in Moldova, through which a system to finance solar cell installations will be tested. The system allows individuals to invest in solar-powered batteries and effectively collect rent from battery consumers. Sun Exchange, a participant in the pilot project, said the system provides a way to harness solar energy for institutions that cannot afford to purchase and install solar panels. Sun Exchange has started operations in South Africa and will award SolarCoin digital currency as a reward for producing renewable energy. (Hi Blockchain)

 

10. Maduro pushes the use of petro DASH to gain popularity in Venezuela


Maduro has continued to push for the use of Petrol, claiming that 16 exchanges have accepted it, but no exchanges have admitted it. Listing exchange Coinsecure said Venezuela wants to add the Petro as Coinseure’s digital currency so they can trade bitcoin and rupees with the Petro. Another source said that if India buys oil with petro, they will give a 30% discount. But Petrol does not seem to gain the trust of the Venezuelan people, and DASH is becoming more and more popular in Venezuela. Local entrepreneurs and consumers use DASH to sell and buy goods, including charitable organizations. (Dashforcenews)

 

11. Singapore speeds up the approval of blockchain patents, 2 years can be shortened to 6 months


The Intellectual Property Office of Singapore (IPOS) announced that it will accelerate the patent application process, and companies in the blockchain sector in Singapore will receive patent approvals faster. Patents will be available for approval within six months, according to an announcement posted on the IPOS website. By contrast, normal applications take at least two years to be approved. (Chain Finance)

 

12. The European Commission will use blockchain to fight fake news


The European Commission says innovative technologies such as blockchain can help maintain the integrity of content, verify the reliability of information and its origin, promote transparency and traceability, and foster trust in internet news. This can be combined with reliable electronic identification, identity verification, and verified pseudonyms. (Golden Finance)

 

13. Ryan Zurrer: 2018 is a year of consolidation in the blockchain and digital currency industries


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At the 2018 World Digital Asset Summit (WDAS) and FBG Annual Conference, Ryan Zurrer from Polychain said that since the industry will establish different levels of trust, there will be room for arbitrage at different levels of trust. At this time, we need to have a longer-term perspective. Considering that technical implementation wants to form a protector's strategy, long-term design is required, and supervision is required. If there is no supervision, the development speed of blockchain and digital currency will not be so fast. It can be said that 2018 is a year for the rectification of the blockchain and digital currency industry. (Blockchain Weekly)

 

14. Bank of China and the National Health Commission signed a strategic cooperation agreement on the innovative application of blockchain resident health cards


A few days ago, Bank of China and the Statistical Information Center of the National Health Commission signed a strategic cooperation agreement on the innovative application of resident health cards. It is understood that the electronic health card uses two-dimensional code technology to realize account interoperability and integrated online and offline services. Cardholders do not need to carry bank cards and medical treatment cards, and can scan the code to complete medical payment. Using blockchain technology, banks, health commissions, hospitals and other institutions can achieve rapid data synchronization with high security and scalability. (Babbitt)

 

15. Pantera Capital CEO: The cryptocurrency market is expected to reach $40 trillion


According to Cointelegraph, Dan Morehead, CEO of cryptocurrency hedge fund Pantera Capital, said in an interview with Bloomberg that he believes that the fair market value of the cryptocurrency market is an order or two orders of magnitude higher than the current price. “Obviously, we’re very bullish on this space, and we think the market cap at this stage is an order of magnitude or two below the true fair value of blockchain. The industry is now worth $400 billion, and it could easily reach $4 trillion, Even $40 trillion is definitely possible.” (Golden Finance)



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4. More than 2 years of relevant media experience.

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