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      "body": "![eu-825x510.jpg](https://steemitimages.com/DQmdCTHYsDHwPFaCFhrBoq99ZMY7EjF8uoW7sG35cdBhnNd/eu-825x510.jpg)\n\n\n\nThe EU throws its weight behind blockchain technology – the European Commission launches the Blockchain Observatory.\n\nThe European Commission announced in a press release today the launch of the EU Blockchain Observatory and Forum, taking a great step forward aimed at “uniting” the economy around Blockchain. The project will bring together various sectors, including regulators, industry experts, and politicians, to develop new use cases. European Commissioner for Digital Economy and Society Mariya Ivanova Gabriel was quoted in the official press release saying that the project would become “one of the world’s most comprehensive repositories of blockchain experience and expertise.”\n\nThe Commission sees blockchain technologies as a major breakthrough due to high levels of traceability and security in economic transactions online. According to the press release, the Commission anticipates blockchain to impact a wide array of digital services, and transform business models in areas such as healthcare, insurance, finance, energy, logistics, intellectual property rights management, and government services. It forecasts that by 2020, it will fund up to €340 million (over $420 million) for projects that draw on blockchain technologies.\n\nMany European innovators and entrepreneurs are already offering blockchain-based solutions. Major players from traditional sectors, like banks, insurance companies, stock exchanges are engaged in pilot projects. Also, many EU Member States have announced initiatives, as they seek to reinforce their use of blockchain technology. For example, The Dutch Central Bank, has been working on four projects based on blockchain since 2015 (their aim not being to launch a cryptocurrency, but to better understand the technology).\n\nMoving forward, the European Commission wants to build on the existing initiatives and ensure that they can work across borders. To help with this, ConsenSys, a global blockchain player well established in Europe, has been selected as a partner to support the Observatory’s outreach, following a call for tenders launched last year. A contract was signed on January 29th.\n\nIn the meantime, the European enforcement agencies remain vigilant. As cryptocurrencies are sometimes used to finance criminal activities including terrorism, Europol has reiterated its commitment to coordinate across EU Member States, and beyond, in an effort to effectively respond to this rising threat.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.coinstaker.com/buysell-injecting-blockchain-tech-high-margin-markets/",
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      "author": "patrina",
      "body": "![Post28_20180130_121511.jpg](https://steemitimages.com/DQmSFKKjoMvFxytdiMirzUBecdSqDAvu76Q2tyxkM5bdUo4/Post28_20180130_121511.jpg)\n\nClassified are absurdly popular. If you have extra stuff in the attic, spare bikes in the garage, need to hire someone to help you with a task, are looking for a rare Pokémon card, etc. then you’re are probably going to check a classified ads site first. IF you’re old fashioned you might even look in the back of the newspaper (provided yours hasn’t moved completely online).\n \nEver since classifieds have moved online the margins have been very high even though the cost to the user is relatively low. Most sites won’t charge you to buy or sell, just to have your ad placed in a higher position on the site.\n \nThe background costs are low, the margins are very high, the site demands very little attention insofar as maintenance and development and, lastly, once a site is installed in a geographic area it is difficult to make it budge.\n \nThis has led to a situation where the major market dominators (usually there is one per country) have very little reason to actively improve their services. People will post there and people will look there because, well, people post there and people look there!\n \nThis inertia, however, is extremely dangerous. Newspapers also once had similar momentum.\n \nWhy would anyone stop using newspaper classifieds?\n \nWell it’s because they became complacent, a new technology came along, and they didn’t bother to change with the times.\n \nEnter the Blockchain\n\nMoving from the bulletin board at the local bar, to the newspaper, to the internet has been a series of logical steps. Each one being faster, more instantaneous, more searchable, and having far greater reach.\n \nThe latest step follows in that same tradition, but is magnitudes more powerful.\n \nThat latest step is the Blockchain, and just like every generation of service in this field before it, the current market dominators are extremely complacent… leaving this massive, high margin market open to services willing to innovate.\n \nServices like Buy&Sell.\n \nGreater reach\n\nThe integration of the blockchain into the classified ads market allows for the creation of a truly borderless market on which services can be bought or sold. This has been a long time coming. The ubiquity of English and the all time low price of global shipping eliminated the greater part of the obstacles to the creation of a global exchange of goods and services.\n \nBut currency stubbornly kept them separate. France has leboncoin.fr, Norway finn.no, the US craigslist, and so forth for most countries.\n \nThis is mostly a result of the extreme difficulty of person-to-person exchanges of money across national borders. It attracts regulatory interest and worse.\n \nWith the integration of the blockchain and the utilization of a cryptocurrency as the means of payment, the borders that divide us are flattened like the walls of Jericho at the sound of the trumpets.\n \nGreater Security\n\nBuy&Sell’s implementation of the blockchain also affords buyers and sellers a far greater level of security than they are used to. Transactions are truly peer-to-peer but they are ensured by Buy&Sell’s escrow service in order to prevent fraud.\n \nThe blockchain allows for the creation of a history for each item and a way to more accurately follow the process of exchange than is currently possible on other competing sites.\n \nGreater Usability, Better Service, Bigger Margins\n\nThe elimination of popular methods of fraud and the tracking allowed by the blockchain gives clients, both buyers and sellers, far greater confidence in the service and the platform. And since Buy&Sell allows for a much, much bigger market than the current classified ad sites, trust is an even bigger factor. If you have problems with fraud just with people in your own town, then imagine the possible problems when you are exchange with someone on the other side of the world.\n \nLuckily Buy&Sell is ahead of the game and has built a specialized system to open up new horizons and to build trust.\n \nBringing a high margin business to a global level without increasing costs on users.\nThat’s the power of the blockchain.\nFor more information about the ICO visit http://buyandsell.io/",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://cointelegraph.com/news/platform-starts-trading-service-for-self-mining-smart-contract",
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      "body": "![725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy82NjZjYzBlNDZhZDc2MGRkOGQ2MzdiZjY3ZGEyYjk0Yy5qcGc=.jpg](https://steemitimages.com/DQmZ5L99Fk9GYyeRuVQKWqW6wNxKtzNqsgFLXbNr4NnFdod/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy82NjZjYzBlNDZhZDc2MGRkOGQ2MzdiZjY3ZGEyYjk0Yy5qcGc%3D.jpg)\n\nOn Jan. 22, Artemine Token (ARTE), released the Genesis Addresses Trading website that was earlier announced in the ICO roadmap in autumn 2017. The team references the token as the version 2.0 of Minereum, which is well known in the crypto community for its concept of the first self-mining smart contract. Today, the Artemine platform provides users with access to the public mining and selling Genesis Addresses via the Ethereum Blockchain.\nA billion dollar market?\n\nEarlier Artemine introduced unrestricted access to public mining, which allows anyone to mine the token by calling a ‘smart contract’ function (as previously reported by Cointelegraph.) The team expressed their belief that the trading of Genesis Addresses can become a billion dollar market once people start looking at the advantages of the self-mining principle.\n\nThe team stated: “Once people start seeing the benefits of self-mining, which basically allows anyone to mine coins automatically without the need of any kind of mining equipment, we should start seeing the tradability of Genesis Addresses to become a more important factor. Possibly reaching a $1 bln dollar market in a not so distant future.”\nWhat are Genesis Addresses?\n\nGenesis Addresses are addresses part of the creation of the initial supply of Artemine during their ICO. These addresses were attributed to a certain amount of coins that will be self-mined for a specific amount of time. They are the only addresses generating the circulating supply of Artemine.\n\nIn a recent statement, the team announced via Twitter that 2,898 Genesis Addresses were generated during the ICO and no more will be created, adding that it is impossible as per the smart contract code to generate any more.\n\nAccording to the project’s white paper, the mining rate of each Genesis Address is 0.000001 percent of the total amount of ARTE, per Ethereum block. This means that the mining of each Genesis Address will take exactly 100 mln Ethereum blocks which in time translates into about 60 years’ worth of mining, depending on how the Ethereum network performs.\n\nAs the team reported recently in their announcement, the trade of Genesis Addresses is totally decentralized. The sellers simply set an Ether buy price on the address by calling the smart contract function “SetGenesisBuyPrice.” Once the price is set all it takes for a trade to occur is for a buyer to call the Smart Contract function “BuyGenesis” and voilà, the trading is done totally decentralized without the need of any third party. All Genesis Addresses for sale can be visualized in Artemine’s Trading Website.\nThe next steps\n\nThe Artemine project closed has finished its crowdsale on Oct. 14. And the team seems to follow the Artemine’s roadmap quite consistently, releasing the Genesis Addresses Trading website in January 2018. The next step on and final step on the map is in implementing an ICO Factory.\n\nAs reported by the team, the ICO Factory will be an update to the already existing Minereum Token Service which will allow creating not only your own Ethereum Token but also your own ICO Smart Contract.\n\nArtemine (ARTE) is currently trading on the exchanges Livecoin and EtherDelta as stated in their website.",
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      "body": "![Howard-Schultz-1-760x400.jpg](https://steemitimages.com/DQmSxCBZexAjj7m84AoVNT4GnjbEkytNou3Wkh4J3zQumMJ/Howard-Schultz-1-760x400.jpg)\n\nHoward Schultz, who recently revealed an ambitious 30,000 square-foot Starbucks Roastery in Shanghai in partnership with Alibaba, expressed his enthusiasm towards the cryptocurrency market.\nCryptocurrency For Retailers\n\nIn the next few years, Schultz stated that he believes several legitimate cryptocurrencies will emerge, endorsed and adopted by retailers. He said:\n\n    “I personally believe that there is going to be a one or a few legitimate trusted digital currencies off of the blockchain technology. And that legitimacy and trust in terms of its consumer application will have to be legitimized by a brand and a brick and mortar environment, where the consumer has trust and confidence in the company that is providing the transaction.”\n\nSchultz emphasized that Starbucks is not interested in creating a cryptocurrency of its own, unlike several conglomerates in the technology and finance sector. Since the value of cryptocurrencies come from the decentralized nature and security value of public blockchains, the development of a company-specific cryptocurrency would be highly inefficient.\n\nBut, Schultz and Starbucks are awaiting for a cryptocurrency that large-scale retailers are willing to embrace as a payment method that is also easily accessible by the public.\n\nLast week, $9 billion payments company Stripe reaffirmed its optimism towards cryptocurrencies launched on top of Ethereum that are optimized to handle payments for retailers, like OmiseGo. The Stripe team stated:\n\n“OmiseGO is an ambitious and clever proposal; more broadly, Ethereum continues to spawn many high-potential projects. We may add support for Stellar (to which we provided seed funding) if substantive use continues to grow.”\n\nLast year, OmiseGo secured a partnership with McDonald’s Thailand, to process payments for the McDonald’s online delivery platform. Although many cryptocurrencies in the market are being used for payments, Schultz reaffirmed that he does not see bitcoin becoming adopted as a currency in the future.\n\n    “Well, I think I have another question for you: Twenty or so years later, and the question is, the issue of do you understand and are you anticipating what could happen with cryptocurrencies? And the reason I mention this is not because I’m talking about Bitcoin, because I don’t believe that Bitcoin is going to be a currency today or in the future,” Schultz added.\n\nBitcoin Adoption in Japan\n\nIn Japan, bitcoin is already well-adopted by retailers. The country’s largest electronic retailer Bic Camera, leading budget airline Peach, and hotel chain Capsule have been accepting bitcoin since mid-2017, almost immediately after the Japanese government legalized and approved bitcoin as a currency.\n\nBitcoin is being used as a peer-to-peer currency in many regions outside of Japan as well. In South Korea and the Philippines, bitcoin is frequently utilized as a remittance method to send payments from one country to another.\n\nSchultz declined to comment on his pessimistic stance towards bitcoin but based from his comments, it is likely that he is concerned with the congestion of the Bitcoin network and its fees, like Stripe and other companies in the traditional finance sector.\n\nIn the long-term, innovative scaling solutions could allow bitcoin to function as a stable and an efficient digital currency.",
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