Saying “corporate social media has failed us” the not-for-profit social enterprise Blockchain Commons, along with the decentralized reputation platform Bitmark, have unveiled plans to develop a new social media architecture for the public.
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Reddtors in r/Fortnite have adopted crypto-based Community Points in a trial even more enthusiastically than r/CryptoCurrency (Photo: EpicGames)Reddit asks blockchain developers for help—but is it too big an ask?
The social network wants to hear from scaling projects for its crypto Community Points project that are cheap, fast, and able to handle 400 million-plus users. Oh, and there’s no prize for the successful developers
Reddit began experimenting with a crypto-based points system to much fanfare in April. But now, as the social network has realized that there’s a major stumbling block if it wants to roll the feature out to all 430 million of its monthly users: Ethereum has scalability issues.
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Japanese banking giant Nomura is jumping into institutional crypto with digital asset custodian Komainu (Photo: Pxfuel)Nomura launches crypto custodian Komainu
The major Japanese bank says it hopes to become a leader in the institutional digital asset industry through Komainu, which is backed by CoinShares and crypto security firm Ledger
The new venture will offer custody for a variety of cryptocurrencies, including Bitcoin. In time, Nomura hopes crypto custodian Komainu will be able to tokenize and issue traditional assets such as stocks and bonds on a blockchain.
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Unilever thinks blockchain can help stop Illegal logging on indigenous land in the Amazon rainforest (Photo: Camilla Costa)Two big announcements show corporate interest in blockchain for sustainability
The Bumble Bee Seafood Company and Unilever are both planning to use blockchain technology to preserve resources for future generations
When big food brands embrace blockchain, the usual buzzword is traceability. But as two separate announcements on June 15 show, this technology could prove pivotal in achieving sustainability too.