The New York Times jerks the blockchain

While Civil’s first run at changing the publishing industry ended in tears last October witha failed initial coin offering, it is still very much alive.

Publishers hope tools like micro-payments, smart contracts, and improved tracking can rebuild their businesses without cutting them out of the content supply chain

By Leo Jakobson, March 13, 2019

Composing room of the New York Times (photo by Marjorie Collins via Wiki Commons from U.S. Farm Security Administration/Office of War Information Black & White Photographs)

Composing room of the New York Times (photo by Marjorie Collins via Wiki Commons from U.S. Farm Security Administration/Office of War Information Black & White Photographs)

The New York Times might be jumping into the blockchain business.

Despite publishing an article about blockchain-based media platform Civil’s failed initial token offering titled, “Alas, the Blockchain Won’t Save Journalism After All,” the Times on March 13 posted a job listing for a “Lead, Blockchain Exploration” position which it described as “a forward-looking leader who will help envision and design a blockchain-based proof of concept for news publishers.”

So, maybe that “alas” came too soon for the business side of The Gray Lady. It has aggressively covered the cryptocurrency and blockchain industry, and its lead reporter on the beat, Nathaniel Popper, was placed at No. 75 on Modern Consensus’ list of the 100 Most Influential People in Crypto for 2019.

The listing, which was removed from job site Glassdoor a few hours after the story broke, sought an individual to, “codify the vision for the research project and share that vision with potential stakeholders at other media organizations… [and] brand and create a public identity and assets for the project.” Recruiting for the project and building a “roster of advisors from news organizations, academia, and social media companies,” was also part of the job description.

It’s not the first company to attempt to use blockchain to turn around the general slide in revenue the publishing industry has suffered since the early 2000s. And, in fact, it may be a lot better positioned than most, with a stock price that has nearly tripled in the past three years, making up more than half of what the Times lost when the industry tanked during the Internet boom.

It’s taking the idea a lot more seriously than the Wall Street Journal which created the short-lived, never-really-serious WSJCoin, as an experiment launched by two of the publication’s reporters to better understand the cryptocurrency market.

The first company to make that attempt in a substantial way is Civil, which describes itself as both a platform and a network to help change the business of high-quality independent journalism.

While Civil’s first run at changing the publishing industry ended in tears last October witha failed initial coin offering, it is still very much alive. In December, the company’s founder and CEO Matthew Iles said the blockchain hype had overwhelmed its core message about funding quality journalism. Earlier this month, it launched its CVL token, although it is not yet being used for its main purpose, allowing individuals to directly fund quality journalism they like.

Where blockchain can take media

If there’s one thing that Civil’s rocky start has made clear, it’s that there is no easy blockchain-based solution to the problems that the journalism industry, and indeed the broader media industry is facing.

But there is a lot of interest in it. According to an August 2018 Accenture report, 55 percent of the media and platform executives surveyed called blockchain a top-five priority, and 83 percent plan to increase their investments in the technology over the next three years.

In a June 2018 report, JPMorgan Chase said “[b]lockchain has the potential to disrupt the way content is produced, aggregated, distributed and consumed—and the possibilities for content creators, brokers and arbiters of intellectual property are too big to ignore.”

Specifically, the report, “The Future of Blockchain in Media and Entertainment,” sees four basic areas in which blockchain could prove transformative, beginning with micropayments that allow readers, viewers or listeners access to individual articles, songs, or videos. For some larger content that’s already available—Amazon lets you buy a 24-hour pass to many TV shows and movies, for example—but it’s difficult to do with single-use purchases of smaller content like reading a single news article or listening to a song. According to JPMorgan Chase, “A micropayment pricing model would normally be inefficient to implement, but its execution could be fully automated and cost-effective with blockchain.”

Another is royalty distribution, which would use blockchain-enable smart contracts that not only make payment distribution to various content creators and copyright-holders near instantaneous. That improved ability to track content could also be used to effectively legalize peer-to-peer (P2P) sharing by enabling consumer to consumer (C2C) sales. This would allow content owners to automatically track and charge a fee for content shared with friends.

Of course, all of this can be used to bypass traditional content aggregators like newspapers that put their content behind paywalls, allowing content creators to directly sell to consumers. Which is a good reason for the New York Times to try and get a jump on the technology.

Leo Jakobson, Modern Consensus senior editor, is a New York-based journalist who has spent much of the last 15 years covering the employee engagement and recognition business. Before that he covered the East Coast side of the Internet boom and bust, and wrote about politics in New York City. Disclosure: Jakobson owns no cryptocurrencies.

nOS partners with Scatter to support Ethereum, EOS, and TRON apps

If an app’s server goes offline, the smart contract may still exist on the blockchain, but without its user interface, the app becomes practically unusable.

nOS, a blockchain powered virtual operating system, announced today the expansion of the nOS ecosystem. Users can now build and use apps powered by Ethereum, EOS, and TRON with Scatter, a wallet and development suite for building and using applications that interact with blockchains (through transactions and smart contracts).

Scatter is used by some of the biggest EOS and TRON apps and games, including: Everipedia, EOS Bet, TRONBet, HireVibes, Dice. one, EOS Knights, and PixEOS.

The suite also integrates Ethereum’s popular Web3 API, which means the most existing Ethereum apps can interact with both the Metamask plug-in and Scatter-supported wallet applications (such as the Scatter desktop.)

Scatter and nOS both aim to boost adoption of blockchain-powered applications, each in their own complimentary ways:
  • Scatter is a solution for smart-contract (and transaction) powered blockchain app development and asset management.
  • nOS introduces a decentralized platform for application deployment, discovery, and interaction.
  • Scatter’s RIDL token is used to grant reputation to apps, wallet addresses, and smart contracts.
  • The NOS token is used for deploying, managing, and using apps in a decentralized ecosystem (filesystem, name service, protocol).
Some of the common issues to be addressed include:

Application Hosting – Often times, applications that interact with smart contracts (often called Decentralized Applications or dApps) are still served by centralized servers. If an app’s server goes offline, the smart contract may still exist on the blockchain, but without its user interface, the app becomes practically unusable. By letting developers deploy their ScatterApps to nOS, they no longer have to rely on centralized servers, significantly reducing risks of downtime or hacking, making the app fully decentralized. nOS will integrate Scatter Protocols with nOS Client, so that ScatterApps can be used, built on, and deployed to nOS.

User Onboarding – User onboarding has also always been a challenge for dApps. People who are not familiar with cryptocurrencies or smart contracts will need to learn about wallets, keys, transactions, cryptocurrencies, etc. With Scatter on nOS, new applications can be discovered and used with ease:

  • Register and Log in to applications in a single click thanks to passwordless authentication.
  • Immediately convert USD, EUR, or any cryptocurrencies to an application’s token while using the app, with nOS’s integrated exchanges (including Scatter’s Token Exchange).
  • Users can easily discover and use new applications without leaving their wallet app.

App Reputation – What if a smart contract turns out to be insecure? What if an app tries to steal your funds? Blockchain-powered apps introduce a new sense of responsibility to the user. After all, these apps may interact with your tokens and cryptocurrencies, and if you’re not careful enough, you risk losing funds. By integrating Scatter’s RIDL token with nOS (and vice-versa), users can easily verify if any nOS website, dApp, or smart contract is deemed trustworthy or not before interacting with it.

Tooling and Documentation – Next to these technical integrations, we will also work with Scatter on new tools, starter kits, and developer documentation:

  • nOS will include documentation on building applications with Scatter.
  • Scatter will include documentation on deploying ScatterApps to nOS.
  • nOS and Scatter will build a CLI-wizard that generates starter kits for Scatter apps, paired with a one-line command to deploy the application to the nOS ecosystem.

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Foam (FOAM) soars 1.94% on March 12-13

Token mechanisms and crypto economics underpin the elements of FOAM and empower the distributed users to coordinate and interact in a …

Foam (FOAM) had a good 24 hours as the cryptocurrency jumped $0.000467426400000002 or 1.94% trading at $0.0245788382. According to Global Cryptocoin Analysts, Foam (FOAM) eyes $0.02703672202 target on the road to $0.0664618947526333. FOAM last traded at Poloniex exchange. It had high of $0.0246567426 and low of $0.0236050332 for March 12-13. The open was $0.0241114118.

Foam (FOAM) is up 9.97% in the last 30 days from $0.02235 per coin. Its up 0.00% in the last 100 days since when traded at $0.00 (non existent) and the annual trend is up. 200 days ago FOAM traded at $0.00 (non existent). FOAM has 1000.00M coins mined giving it $24.58M market cap. Foam maximum coins available are 1000.00 million. FOAM uses algorithm and proof type. It was started on 10/10/2017.

FOAM is an open protocol for decentralized, geospatial data markets. The protocol is designed to empower users to build a consensus-driven map of the world that can be trusted for every application. As technology evolves and changes, maps need to change too. FOAM secures physical space on the blockchain, harnessing the power of Ethereum with a cryptographic software utility token used to provide computational work and verification to the network. The component elements of the FOAM protocol are designed to provide spatial protocols, standards, and applications that bring geospatial data to blockchains and empower a consensus-driven map of the world. Token mechanisms and crypto economics underpin the elements of FOAM and empower the distributed users to coordinate and interact in a decentralized and permissionless fashion.

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TOR-X NETWORK LTD launches the private sale for TOR-X

The private node sale will be offering 29% of the TOR-X Token to interested persons with the major initial coin offering taking 28% of the distribution.

Unique Ecosystem for decentralized cross-chain exchange, TOR-X NETWORK, announces the launch of the private node sale of the TOR-X Token

TOR-X Network is a unique ecosystem that is looking to use the blockchain technology to create a tool for seamless cross-chain exchange with Bitcoin, Ethereum, Neo, Eos, and other digital currencies. In line with its goal of literally liberating the world of digital currency, TOR-X NETWORK has announced the sale of the TOR-X token in a private sale, as part of the aim of offering more than 100,000 TPS network speed to satisfy the growing market requirements.

The digital currency space has evolved over the years and while technology and even financial experts have described cryptocurrency and the blockchain technology as a whole as the future of not only the financial system but several other industries. The likes of Bitcoin and other major cryptocurrencies as well as other tokens have particularly substantiated the claim of the blockchain technology being the future. The increasing popularity of digital currency has led to the emergence of several crypto exchanges, allowing people to trade their holdings while making some money off the digital currency space. Unfortunately, the cryptocurrency space has been plagued with several challenges. This is where TOR-X Network is looking to make a difference with the launch of its unique ecosystem.

TOR-X Network aims to solve a plethora of problems including creating a tool for seamless cross-chain exchange with Bitcoin, Ethereum, Neo, Eos, and other blockchains and reaching 100,000 TPS network speed to satisfy growing market requirements. Other problems that the innovation is looking to solve include anonymous and traceable transactions for various business applications, and Node and super node title redistribution controlled by Multi-Criteria Decision Making Neural Network.

The private node sale is part of the network’s goals of making every interested person become a part of the digital revolution that will change the cryptocurrency space for a very long time. Holding the token offered by the secure cross-chain exchange solution also comes with an additional income-earning benefit, allowing holders of the node to earn passive income.

The private node sale will be offering 29% of the TOR-X Token to interested persons with the major initial coin offering taking 28% of the distribution. Another major part of the TOR-X Ecosystem is the TOR-X DEX iDApp architecture, which is focused on building machine learning algorithms instead of pre-coded business logic, as this approach is standard in the digital and financial industries nowadays.

More information about the TOR-X token and the innovative ecosystem can be found on the website and Whitepaper. TOR-X is also available across several social media platforms including LinkedIn, Telegram, and Twitter.

About TOR-X NETWORK LTD

TOR-X NETWORK is an innovation ecosystem for decentralized cross-chain exchange. TOR-X team consists of a team of experts from different parts of the world to drive the revolutionary blockchain idea.

Media Contact

Company Name: TOR-X NETWORK LTD

Contact Person: Lukas Volkerer

Email:Send Email

Phone: +442078433095

Country: United Kingdom

Website:https://tor-x.network/

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New Non-Custodial Bancor Wallet Launches to Offer Cross Chain Ethereum and EOS Token Trading

Per sources close to the matter, in a bid to make it possible for holders of EOS and Ethereum-based tokens to trade their digital assets more …
New Non-Custodial Bancor Wallet Launches to Offer Cross Chain Ethereum and EOS Token TradingNew Non-Custodial Bancor Wallet Launches to Offer Cross Chain Ethereum and EOS Token Trading

Bancor Network, a distributed ledger technology (DLT) platform that claims to be focused on creating a standard for a new generation of cryptoassets called Smart Tokens, has unveiled a new Bancor Wallet to enable cross-chain transactions between the EOS and Ethereum smart contracts blockchains, reports The Block on March 11, 2019.

The New Bancor Wallet to Make Cross-Chain Transactions Frictionless

Per sources close to the matter, in a bid to make it possible for holders of EOS and Ethereum-based tokens to trade their digital assets more seamlessly, Bancor Network has launched a new wallet to support cross-chain token trading.

Specifically, the Bancor non-custodial wallet is built upon BancorX, the platform’s cross-blockchain decentralized liquidity network that leverages BNT tokens to facilitate transactions on the network.

Reportedly, the Bancor team has made it clear that the new Bancor Wallet is user-friendly and it functions at the same level with other custodial wallets such as the Coinbase wallet, but it offers users absolute control over their funds.

One-Click Conversions Now Possible

With the Bancor Unified Wallet now live, the team has stated that users of the wallet can now carry out one-click conversions between Ethereum and EOS tokens securely without worrying about the safety of their funds and private keys.

“Bancor’s new Unified Wallet is officially LIVE. For the first time ever, users can perform one-click conversions between @Ethereum & $EOS tokens without giving up possession of their #crypto,” tweeted Bancor.

According to a Medium blog post by Bancor, users of the new Unified Wallet will now be able to manage more than 500 ERC20 and EOS tokens in one place, seamlessly convert ERC20 and EOS tokens in a single click across 9700 token pairs, receive all airdropped ERC20 or EOS tokens straight to their wallets and more.

Bancor Offering Users Fee-Less Transactions

Interestingly, Bancor has said that it charges zero fees for transfers in and out of the wallet, as well as for its built-in token conversions which are carried out on-chain.

To access the Bancor Unified Wallet, existing Bancor Wallet owners are required to simply upgrade their wallets, while new users can sign up via SMS, Telegram and Facebook Messenger and import all their ERC20 and EOS tokens into the wallet.

At current, live tokens on the Bancor network include a vast array of ERC-20 tokens including DAI (Maker DAO), Binance Coin (BNB), Basic Attention Token, as well as EOS-based tokens like Everipedia (IQ), BetDice and more.

In the coming months, Bancor says it’s looking to add support for several other blockchains, and its BNT altcoin will continue to function as the native crypto of the platform.

“We greatly appreciate the community’s patience as we worked to develop this first of its kind technology, and we can’t wait to see how you use it,” declared the Bancor team.

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