Report: Blockchain Deployment Could Add $3 Trillion in International Trade by 2030

The World Trade Organization (WTO) released a report on blockchain technology’s effect on international trade today, Nov. 27. Per the study, blockchain’s economic value-add on a global scale could reach almost $3 trillion by 2030.

“Blockchain and International Trade: Opportunities, Challenges, and Implications for International Trade Cooperation” analyzes blockchain applications and challenges that must be considered before the technology’s deployment in various sectors. The study considers the technology’s effect on industries such as trade finance, customs clearance, logistics and transportation.

Blockchain Business Value Forecast

Blockchain Business Value Forecast. Source: WTO

The study estimates that blockchain has the potential to significantly cut trade costs by increasing transparency and facilitating processes automation, including financial intermediation, exchange rate costs, coordination, and other aspects. “The removal of barriers due to blockchain could result in more than $ 1 trillion of new trade in the next decade,” the report reads.

Blockchain is expected to help administer intellectual property rights across multiple jurisdictions by delivering more transparency and efficiency, and enhance government procurement processes, including fighting fraud and managing public contracts.

Blockchain purportedly could improve supply chains, allowing for the tracking of shipments and proving their authenticity. Additionally, the technology could open new opportunities to micro, small and medium-sized companies.

Conversely, the study warns about challenges that must be addressed before deploying blockchain, as well as its impact on international trade. The researchers point out limited scalability of blockchains due to the predetermined size of blocks, in addition to energy consumption and security issues.

Although “blockchains are highly resilient compared to traditional databases due to their decentralized and distributed nature and the use of cryptographic techniques, they are not completely immune from traditional security challenges,” the study states.

The report stresses the importance of developing a multi-stakeholder approach in order to find appropriate use cases in cross-border trade. According to the WTO, blockchain requires frameworks that ensure the interoperability of networks and provide clear legal status for blockchain transactions across jurisdictions. The report concludes:

“Blockchain could make international trade smarter, but smart trade requires smart standardization — and smart standardization can only happen through cooperation. If we succeed in creating an ecosystem conducive to the wider development of blockchain, international trade could well look radically different in ten to 15 years.”

Earlier this week, Ethereum cofounder Vitalik Buterin said that the misapplication of blockchain technology in some industries leads to “wasted time.” Buterin argued that although there are a number of companies that try to establish higher standards by using blockchain technology, he does not think the technology is applicable in every industry.

China Revises Crypto Ranking — BTC Upgraded

China’s Center for Information and Industry Development has updated its crypto project ranking for this month, moving BTC up several places while still favoring EOS and Ethereum. The center explains its evaluation model and outlines future projects.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

China’s Crypto Ranking Update

China Revises Crypto Ranking — BTC UpgradedChina’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, released its revised crypto project ranking last week. This is the center’s seventh update. The number of crypto projects evaluated remains at 33, unchanged from the previous ranking.

EOS continues to occupy the top position of the overall ranking, followed by Ethereum. The two projects have been in the same spots since the center’s June update. This month, the center upgraded BTC from the 19th place in the previous month to the 13th place. BCH, which endured a contentious hard fork on Nov. 15, dropped one position to the 29th place. Decred sank to the bottom of the list with NEM trailing close by. In the previous ranking, NEM was at the bottom of the list.

China Revises Crypto Ranking — BTC Upgraded

Thirty-three crypto projects were ranked based on their basic technology, applicability, and creativity, as well as overall. In the creativity category, BTC tops the list. EOS claims the number one spot in the basic technology category while Ethereum ranks first in the applicability category.

Evaluation Model and Future Plans

China Revises Crypto Ranking — BTC UpgradedThe CCID explained that its evaluation model is continuously optimized based on the recommendations of the project’s working group and expert consultants. The rankings are organized and implemented by the CCID Blockchain Research Institute and a number of organizations such as the CCID Think Tank, under China Electronics and Information Industry Development Institute, and China Software Testing Center.

The evaluation model adheres to three key principles, the center described. Firstly, “the indicators should be adapted to all evaluated objects, not just some.” Secondly, “the proposed indicators should be related to technological innovation in public chains.” Lastly, “the measurement or evaluation of the indicators can be implemented.”

Unveiling its future projects, the center detailed:

CCID Blockchain Research Institute will also launch an in-depth evaluation report and application development experience report for public chains … We will also launch an advisory service and report on public chain technology assessment.

What do you think of China’s updated ranking? Let us know in the comments section below.

Images courtesy of Shutterstock and CCID.

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VNX Exchange Partners With The University Of Luxembourg To Boost Digital Asset Security


VNX Exchange Partners With The University Of Luxembourg To Boost Digital Asset Security


The VNX Exchange and the University of Luxembourg are officially teaming up to work on solutions to bolster digital asset security,

according to

the Luxembourg Times.

Through the partnership, researchers at the university’s Interdisciplinary Centre for Security, Reliability, and Trust (SnT) will build new IT frameworks to help make exchange and custody of digital assets more secure.


characterizes itself

as a “marketplace and trading platform for tokenized venture capital assets.” The Luxembourg-based company says it chose the European country due to its favorable regulatory environment and notoriety in the decentralized economy.

The SnT

conducts research

in the fields of information and communication technology, with a particular focus on FinTech, cybersecurity, and secure and compliant data management.

Impacting The Worldwide Cybersecurity Market

VNX founder and CEO Alexander Tkachenko claims the partnership’s ensuing technology could cut global cybersecurity costs in half, according to the Luxembourg Times.

He hopes the partnership will make big steps forward in providing “regulatory clarity, investor protection, and compatibility with current market standards” so blockchain can set itself up as the “next big step in the financial sector’s evolution.”

SnT network security expert Dr. Radu State notes how work should

“address two aspects – protecting against criminals who might try to hack the system to steal money or information, and guaranteeing compliance with anti-money laundering and KYC regulations.”



SnT’s previous research in the FinTech field “have left us confident in their abilities.”

Bolstering Luxembourg’s Reputation In The Crypto World?

Some speculate

work carried out through the partnership

could help VNX deliver on some of their promises related to tokenized venture capital assets, particularly because reduced security costs could attract new and interested participants.

Luxembourg is generally seen as a more progressive country when it comes to cryptocurrencies and related ventures, even as research suggests citizens might still be more interested in traditional financial products.

A survey

carried out

in June 2018 by Ipsos on behalf of ING found 4% of 500 respondents in the country owned cryptocurrency. When asked if they were planning to own cryptocurrency in the future, 13% said they expected to do so.

Crypto Research Firm Launches Disclosure Database for Digital Assets

Cryptocurrency data and research company Messari is launching a disclosures registry for basic cryptoasset information, according to a press release published Nov. 27.

Messari is a New York-based startup, which provides insights, markets data, and research tools in the crypto industry for investors, regulators, and the general public. In March, Messari secured between $1–$5 million in early-stage funding to launch its disclosure database, according to Forbes.

Per the recent Messari announcement, the company has launched the open-source disclosures registry, that aims to become “a single source” for basic cryptoasset information. Twelve initial partners have also joined the project, including such industry players as secure identity ecosystem firm Civic and blockchain protocol Aion.

While forming the database, Messari will purportedly collect basic information voluntarily disclosed by the participating parties about their token design, supply details, technical issues, as well as investors and advisors. The profiles will reportedly be free of access within the industry. The release further explains:

“With the launch of the Messari registry, token projects will finally have a common platform that helps them better communicate material updates with both their existing communities and external stakeholders…”

Ryan Selkis, the CEO of Messari, stated that transparency is critical for the development of the crypto economy. He noted that participating projects “share our vision that the information they provide should remain freely accessible to all market participants, rather than locked behind the paywall of any single data provider.”

Other organizations in the cryptocurrency space have also formed self-regulatory and development bodies. In April, sixteen Japanese licensed exchange operators took steps to launch the Japanese Cryptocurrency Exchange Association (JCEA). Plans began surfacing in February from two industry entities whose members now make up the JCEA — the Japan Blockchain Association (JBA) and Japan Cryptocurrency Business Association (JCBA).

A study by international law firm Foley & Lardner LLP published in June revealed that 86 percent of cryptocurrency firms’ executives and investors want the industry to self-regulate. A total of 89 percent of respondents saw the need for “formalized” self-regulation, with a slightly lower majority considering that these formalized standards should have regulatory oversight from authorities.

Five of The Most Notable Bitcoin (BTC) Transactions

The first bitcoin (BTC) transaction took place on January 12th, 2009 – when Satoshi Nakamoto, the pseudonymous inventor of the flagship cryptocurrency, sent 50 BTC to cryptographic activist, Hal Finney.

Finland-Based Programmer Sells 5,050 BTC For $5.02

The historic transaction between Satoshi and the late Finney was registered in block number 170 on Bitcoin’s ledger, and the cost to process the transaction was 0 BTC. In bitcoin’s early days, there were many other transactions that had negligible processing fees or were settled free of cost.

Approximately ten months after the first BTC transaction, Martti Malmi, a Finland-based developer, sold 5,050 BTC for only $5.02 (on October 12th, 2009). This was notably the first known crypto to fiat sale, and it was completed by transferring the fiat amount via PayPal.

In 2009 and 2010, the only way to acquire bitcoins was by mining them and the mining reward at that time was 50 BTC. On May 22nd, 2010, 10,000.99 BTC were transferred by Laszlo Hanyecz, a Florida-based computer programmer, to a bitcoin address belonging to Papa John’s – in exchange for 2 pizzas.

Mt. Gox Exchange CEO Transfers 442,000 BTC

This famous pizza transaction has been recorded in block 57043 on Bitcoin’s public ledger. The 0.99 BTC had been added to the total transaction amount in order to pay the miner’s fee – which were considerably higher at the time.

On June 23rd, 2011, Mark Karpeles, CEO of the now defunct cryptocurrency exchange, Mt. Gox, sent a total of 442,000 BTC to two different addresses via a single transaction. This was the largest bitcoin transfer at that time, until 550,000 BTC was sent in November 2011.

In 2013, a Redditor accidentally entered a very high transaction fee as he noted: “Hi, I entered a transaction fee that was way too high…is there anyway that I can stop the transaction from confirming?” The crypto transfer involved moving only 98 BTC, however, the redditor paid 30 BTC in transaction fees.

Fake Murder Involving Bitcoin (BTC)

Luckily, the mining pool that had settled the transaction was kind enough to refund 7.5 BTC (of the total 30 BTC) to the reddit user. In August 2013, 200 BTC were accidentally sent as a transaction fee, but the amount was also refunded by the mining pool that received it.

Notably, a fake murder involving a large BTC transfer took place on March 31st, 2013 when Silk Road user named Dread Pirate Roberts (DPR) transferred 1,607 bitcoins to a user called “redandwhite.” The amount received by redandwhite was in exchange for tracking down and performing a hit on a Silk Road operator that had been extorting users on the now defunct underground marketplace.

However, the hit never happened – and it became clear that the blackmailer and the assassin were actually the same person. But the 1.607 BTC transaction (valued at approximately $150,000 at that time) did take place and notably received 322,639 confirmations.

Venture Capitalist Tim Draper Holds Strong to Bitcoin as Dominance Rises

Venture Capitalist Tim Draper Holds Strong on Bitcoin as Dominance Moves Up News

Venture Capitalist Tim Draper Holds Strong to Bitcoin as Dominance Rises

Despite the tumbling state of the crypto market and the sharp decrease in Bitcoin price, venture capitalist and permabull Tim Draper remains overly positive on the future of cryptocurrencies. Meanwhile, Bitcoin’s dominance has been increasing since the first week of November.

Draper: Clinging to Old Currencies Is a Mistake

Speaking to Mike Green of Thiel Macro on the sidelines of World Crypto Con in Las Vegas earlier this month, venture capitalist and cryptocurrency investor Tim Draper predicted that digital currencies will eventually make up as much as two-thirds of the entire world’s currency value.

He also outlined that cryptocurrencies are frictionless and cheaper to use, which alone should be enough for widespread adoption.

Down the road, when we can easily spend, or invest, or do whatever we want with cryptocurrencies—they’re frictionless, they cost you less. […] I mean, just by that alone, just that they cost you less, it’s going to be better for people. And so they’re going to move to crypto, and they’re going to go away from the political currency—they call it fiat. – He said.

Draper holds that this is the main reason for Bitcoin’s (BTC)  00 future increase in value.

That’s the way it’s going to move. And so the countries that are forward thinking are saying, this is the way it’s going to be. So we’re going to make a huge mistake by trying to cling to our old currency. – Outlined the investor.

It’s worth noting that Draper recently re-confirmed his previous Bitcoin price prediction of $250,000 by 2022, saying that it’s “absolutely solid” on the stage of Web Summit tech conference.

Bitcoin Dominance on the Rise

After having decreased to about 51% at the end of the first week of November, Bitcoin dominance — its share market cap percentage in the entire cryptocurrency market, is now back upwards of 53 percent.

This comes amid a time of steep declines, as the market’s forerunner lost almost $1,000 of its value in the last seven days alone.

What do you think of Draper’s positivity, as well as increasing Bitcoin dominance? Don’t hesitate to let us know in the comments below!

Images courtesy of CoinMarketCap, Shuttertock.

Fine Jewelry Dealer Birks Group Now Accepts Bitcoin

On Tuesday, Canadian company Birks Group, a fine jewelry operation since 1879, announced its plan to accept bitcoin for products and services at eight select locations. Birks Group and its retail stores will accept cryptocurrencies through a partnership with Bitpay. The collaboration marks the first major implementation of Bitpay’s point-of-sale solution for brick-and-mortar locations within the Canadian region.

Also read: BCH-Powered Bitcoin Files Project Adds IPFS Support

Eight Birks Group Locations Integrate Bitpay

Fine Jewelry Dealer Birks Group Now Accepts BitcoinCryptocurrency enthusiasts can now purchase silverware, timepieces, and fine jewelry with bitcoin cash (BCH) and bitcoin core (BTC) from eight select Birks Group locations in Canada. Birks Group has been providing jewelry services in the Canadian region for more than 100 years with its 28 Maison Birks and Brinkhaus stores. Through the partnership with Bitpay, the Birks Group locations that will accept BCH and BTC are in Vancouver West Hastings, Brinkhaus Calgary, Fairview Mall, Bloor, Yorkdale, Montreal and Calgary. Furthermore, the newly opened Patek Philippe and Graff stores will also be accepting cryptocurrencies in the near future. The company explained during the announcement on Tuesday that “Birks Group is the first luxury retailer in Canada to accept bitcoin.”

Jean-Christophe Bédos, the chief executive officer of Birks Group said that the company’s collaboration with Bitpay is a significant milestone for the business. “As an internationally growing brand, we believe that Bitpay will benefit our customers as we look to align ourselves with these innovative capabilities that are on the forefront of technology,” the executive explained.

Bitpay’s chief commercial officer, Sonny Singh, added that the fine jewelry operation has a large number of international shoppers so accepting borderless digital assets “makes perfect sense.”

Fine Jewelry Dealer Birks Group Now Accepts Bitcoin

Fine Jewels and High-End International Clients

The Canadian company is not the only jeweler in the world accepting cryptocurrencies for payments since a slew of businesses have begun accepting digital assets since last year. In September last year, Bitpay partnered with “bond street” level jeweler Samer Halimeh NY. The well-known luxury diamond retailer, headquartered in Knightsbridge, also accepts BTC and BCH for retail services and business-to-business (B2B) gemstone trades. Last October, U.S. jewelry retailer Marks Jewelers started accepting seven digital currencies, including bitcoin cash, for products and services.

Birks Group detailed that retail store customers in select locations can purchase well-known jewelry brands — such as Breitling, Rolex, Bulgari, and Cartier — with digital currencies. “Accepting bitcoin helps Birks Group cater to their high-end international clients and get new customers while providing an innovative and safe payment option,” Singh further noted during the announcement.

What do you think about Birks Group accepting BCH and BTC for jewelry and services in Canada? Let us know what you think about this subject in the comments section below.

Images via Shutterstock, Birks Group, and Pixabay. 

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成长是很难的。对于那些发现自己从小就被推到聚光灯下的人来说,情况尤其如此。Drew Barrymore就是一个例子,十几岁时出道,直到最终成长为一名受人尊敬的女演员,在电影《五十次约会》和《婚礼歌手》等喜剧角色中吸引观众。















在这个最近的例子中,Mi基于区块链的清洁能源开发组织Alternative Resource Group的开发主管Michael Lumbley写道“超越政治:清洁能源项目经理的观点,”,他认为需要分布式能源资源和区块链等新技术能帮助解决全球能源系统。




本文来源:区势传媒    责任编辑:Xxr






Fred Wilson是硅谷著名的风险投资家,他在博客中将当前的区块链市场与亚马逊股票在互联网泡沫破裂时的低点进行了比较:“因此,虽然加密货币资产价格在去的以美元计算下跌了80-95%,他们可能会跌得更低。亚马逊在泡沫破灭后的熊市中每年下跌80%,并且在他再次达到顶峰后差不多两年又下跌了一半。我们在加密货币市场上还会看到的是当你沮丧时,他们会再踢你一下,这一定是会发生的”

目前,亚马逊拥有7344.6亿美元的市值,每股约1500美元的交易价格,与21世纪初在互联网泡沫时期熊市中只有6美元的股票相差甚远。此外,亚马逊的泡沫在1999年达到了90美元的高峰,17年后超过了这个价格的15倍。 就是看谁有耐心与能力能等到那一天。

如果风险投资家们的这些比较成立,区块链或加密货币作为前沿的互联网技术遵循与互联网时代相同的趋势,即盲目兴起→泡沫→破灭→回归→发展→泡沫→回归→发展的曲线,那像Fred Wilson这样的投机者可能就是那个杨过,尹志平与小龙女只是一夜春宵,但最后,修成正果的还是杨过与小龙女。

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21世纪经济报道:比特币“矿难”风险扩散 波及矿机公司IPO

据21世纪经济报报道,今年以来,包括比特大陆、嘉楠耘智、亿邦国际等多家区块链代币挖矿机生产企业均启动了在香港市场的上市计划;然而在比特币长达近一年的熊市中,上述三家具有代表性的矿机公司IPO进展均不顺利。 21世纪资本研究院认为,虽然不少矿机公司在近年来代币生态活跃的背景下取得了较好的业绩增长,但面对比特币为代表的加密资产价格巨大波动风险,将导致此类矿机企业业绩稳定性也难以得到长期保持,而该类企业上市后的定价估值也高度依赖于加密资产、挖矿行业景气度的高低,这将影响其IPO在机构投资者间的认可程度。






据coindesk消息,今日在Consensus Invest大会上,美国证券交易委员会(SEC)主席Jay Clayton表示,分布式账本技术在基础设施方面具有令人难以置信的前景,在证券市场之外具有令人难以置信的承诺。Clayton称:“SEC正在研究如何在不失去投资者保护的情况下改善对加密空间的监督。像比特币一样多中心化的资产,没有人是为了控制比特币而创造它,它被设计为支付系统的替代品,SEC已经确定比特币不具备证券的属性。SEC很高兴与这一领域的人们交流。 但不得不说,如果你要通过令牌为创业提供资金,你应该首先假设你正在进行证券的发行。”

对于比特币ETF,美国证券交易委员会(SEC)主席Jay Clayton表示他注意到了市场操纵和资产托管问题。Clayton称:“ETF的风险确实是其基础资产的风险,而非盗窃或丢失的风险。如何处理市场操纵问题,我无法提供特定的方法,但这是ETF在获得批准之前需要解决的问题。散户投资者看到的价格是他们应该能够依赖的价格,并且不受操纵。不是没有波动,而是免于受操纵。”




据coindesk消息,今日在Consensus Invest大会上美国洲际交易所(ICE)首席执行官兼创始人Jeffrey Sprecher表示,他们对于比特币的价格支持不可知论,所做的是开发能够实现透明和自信的价格发现系统。Sprecher表示不确定Bakkt是否会与“Coinbase竞争”。Sprecher称,交易所可以把自己称为交易所,但监管机构对于交易所存在一种全面的观点,交易所需要全面覆盖这些观点,因此很难让机构进入目前的加密空间。有些极端主义者和人们不希望政府参与,但是如果没有政府的参与,加密市场的决定都是由有影响力的、富有的寡头做出的。目前加密领域中的民主是由拥有最多算力的人、最富有的人控制的。Sprecher认为,从长远来看,加密空间可以组织一种治理形式。比特币现在生活在一片沼泽中。




据CCN报道,根据Civic首席执行官Vinny Lingham的说法,加密市场和比特币可能将经受至少三到六个月的看跌趋势。Lingham认为,比特币至少在三到六个月内保持在3000到5000美元之间。目前尚未突破3000美元的支撑位,短期内会有大量买盘。如果加密货币市场未来两个季度未能恢复,那么3000美元的支撑位可能会被突破,而下行趋势可能延续到明年年底。Lingham指出,如果加密货币市场的波动性继续增加,那么即使基础设施有所加强和巩固,机构投资者也将避免投资这一资产类别。Lingham解释称,比特币在过去两周的下跌超过35%,吓跑了散户和机构投资者。




据CCN报道,Overstock创始人兼首席执行官Patrick Byrne 11月26日在接受Fox Business的采访时表示,区块链比互联网革命更重要,是一种颠覆性的技术,将改变世界。Byrne表示,2019年将是区块链行业开创性的一年。2019年人们会看到区块链真正开始向世界推出产品,人们将能够交易证券型令牌。当被问及为什么证券型令牌优于证券时,Byrne表示证券型令牌将摩擦成本降低90%,对于监管机构完全透明,并且免受市场操纵。此前Byrne曾宣布将在明年2月份出售Overstock的整个电子商务业务,并全面转向区块链业务。

本文来源:区势传媒  责任编辑:Lrb