It seems to be only a matter of time before the market price catches up with all the institutional interest that has been brewing in the background. Today we have more news about mainstream interaction and application of blockchain and crypto. Here are some of the most notable events:
Bitcoin’s Proof-of-Work Can Be Made More Efficient, IBM Research Claims
One of the biggest arguments for crypto is that Proof-of-Work technology (Bitcoin) requires too much electricity to ever become mainstream. However, researchers at IBM may have found a scalable solution that still provides security. The solution includes utilizing aspects of the Internet of Things (IoT) technology.
Ripple Grapples With Its $21 Billion ‘Gorilla’: Crypto Asset Adoption
Ripple concluded its Swell conference panels with a presentation called “The 800-Pound Gorilla”. The discussion focused on mainstream crypto adoption, with a particular interest in global transactions. Obviously, Ripple’s xRapid product was discussed, among other topics such as blockchain’s potential to improve speed and cost.
US Brokerage Firm TD Ameritrade To Invest In New Crypto Exchange
Popular traditional market giant TD Ameritrade now has plans to back a crypto exchange, which will be named ErisX. Also participating in the new crypto exchange formulation are DRW Holdings and Virtu Financial. ErisX is a fresh take on the Eris Exchange (futures market that started in 2010). Plans will include trading of BTC, ETH, BCH, and LTC.
Israel Securities Authority Turns To Blockchain For Improving Cybersecurity
Israel (like many others) has begun to realize the application of blockchain and security, with plans to use blockchain for security improvements regarding messaging. They are also interested in blockchain application for types of voting (regarding ISA meetings), as well as important data/information storage.
Ripple Survey Says 75% Of ‘Payment Professionals’ Want To Use Digital Assets
More news from Ripple’s Swell conference – According to Bitcoinist’s coverage on Ripple’s survey, it was unveiled that, “45 percent of 700 ‘global payments professionals’ who took part in Ripple’s Blockchain in Payments Report are in the process of adopting the technology.”