Qtum Unveils Tools For Dapp Development On Google Cloud

Qtum Unveils Tools For Dapp Development On Google Cloud
May 7, 2019


After remaining slightly bearish for almost ten days, the cryptocurrency market has begun another round of rally. Bitcoin (BTC) leads the fray to trade at $5,850 levels, representing a gain of 12.8% in the past one week and 4.4% in the past 24 hours. Ethereum (ETH), the favorable smart contract platform of blockchain developers, has gained 15.7% to reach $178.63. Notably, 11.7% of those gains have come in the past 24 hours. Other altcoins are also trading with considerable daily gains. This includes Ripple (XRP-$0.3042, 2.3%), EOS (EOS-$5.01, 6.3%), Stellar (XLM-$0.0990, 2.5%), TRON (TRX-$0.0243, 5.4%), Cardano (ADA-$0.0681, 5.9%), Bitcoin Cash ($295.76, 4%) and Litecoin (LTC-$77.42, 6.7%). IOTA (MIOTA) is the only crypto which has lost 7.2% in the past week to trade at 0.2820. However, the crypto has gained almost 6% in the past 24 hours.


Government level initiatives

18 higher education institutions offer virtual blockchain-based certificates

Students from 18 institutions of higher education will get virtual blockchain-based certificates beginning this year. The program is one among the Singapore government-level program called OpenCerts, co-developed by the Ministry of Education (MOE), the Government Technology Agency (GovTech), and also national educational movement SkillsFuture Singapore (SSG) and Ngee Ann Polytechnic (NP), an institute for higher learning.

Fuelled by the Ethereum (ETH) blockchain, the OpenCerts open-source network is anticipated to offer a viable way to issue and authenticate certificates, beef up data protection, delivery and authentication process reliability, and lower costs involved in dealing with a hard copy of certificates. Patrice Choong, NP’s Sandbox Director-Innovation and Entrepreneurship Office, clarified that the platform’s adoption takes away two vital prerequisites such as the need for a document that is leveraged physically and document validation calls.

Last year, for the first time, GovTech and NP trialed the OpenCerts platform, with the initial bunch of digital certificates awarded to NP graduates. As per the report, the organization awards about 10,000 hard copies of certificates every year, while validation calls from employers’ are in the vicinity of 2,000.


Private sector initiatives

Pfizer and 3 more to build a blockchain network for the health and pharma sector

Pfizer Inc. and three more renowned US-based pharmaceutical companies have signed up for a venture that involves a plan to build a blockchain network for the health and pharmaceutical sector.  The other three firms which have joined the MediLedger Project Contracting and Chargebacks working group are McKesson Corporation, AmerisourceBergen Corporation, and Premier Inc.

MediLedger is an endeavor started by Chronicled Inc., a San Francisco-based blockchain startup. The project intends to minimize expenditures and ensure efficient data sharing using a centralized network. The planned system will supposedly mechanize chargebacks and contract reconciliation processes.

Chargebacks, which represent canceled or controversial transactions, are regular happenings in medical supply chains in the US, where several players in addition to government schemes and private insurance companies take part in payment.

The network has successfully established a covenant for marketable returned drug validation in accordance with current 2019 Drug Supply Chain Security Act regulations. Information of participants will supposedly be shared only with the trading associates they particularly select, as the framework does not offer a central repository of entire data.

Regarding the partnership, Maurizio Greco, CTO of Chronicled, said: “we can design [the blockchain system] so only the license holder can create records for its own products, for example. This may seem like a simple illustration, but it is revolutionary.”


Qtum expands to include Google Cloud Platform as a software partner

Qtum, a project started as a Bitcoin-blockchain crossover, expands its scope by incorporating Google’s Cloud Platform to its list of software partners. The offer is straightforward: for $15 a month, users can instantly set up a virtual machine and run on the Cloud Platform.

The software permits users to “develop and deploy [their] own smart contracts from [the] ready-to-use GCP VM featuring Qtum core, soldity, solar (smart contract deployment tool) and Qmix web IDE.”

The main feature, according to CIO Miguel Palencia, is ease of operation. “Where launching a node was once an intensive and complex process, Qtum’s new developer suite introduces helpful shortcuts and tools to make it faster and easier. With a more accessible technology, we hope to open up and expand the Qtum community to include people with a broader range of experience — from experts to the everyday user.”

The code offered on Google Cloud is a duplicate of the Qtum compute engine and presents a developer ecosystem and complete node on the Qtum blockchain. Developers can also utilize it for code forks, dapps, or staking.


Facebook seeking investors for its stablecoin cryptocurrency

Social networking behemoth Facebook seeks investment to the tune of $1bn for its speculated stablecoin cryptocurrency. Quoting unnamed sources acquainted with the intentions, the Wall Street Journal disclosed that Facebook was actively discussing significant support from card companies such as Visa and MasterCard, and also payment processor First Data Corp. The cryptocurrency venture, dubbed “FB Coin,” has sparked speculations for almost a year that Facebook aspires to offer customers with in-house payments. Furthermore, Facebook executives are contemplating multiple options, including remittances through a user’s Facebook profile.

The Wall Street Journal, which broke the news, said: “Facebook is also talking to e-commerce companies and apps about accepting the coin, and would seek smaller financial investments from those partners, one of the people said.”

Disclaimer: Any financial trading analysis offered here is our opinion and is not intended as advice or direction for investors. We cannot guarantee the success of any trades made as a consequence of this article, and we encourage traders to incorporate a strong money management strategy to limit losses when they enter the markets. Please use this article as part of your own research before formulating strategies prior to trading.

Richard W

Richard W

Richard is the guy who know everything there is about the financial industry, working in a top firm for over 15 years, he will give the lowdown on some of the biggest companies in the world

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