Category: Media

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Social Networks – secure, decentralized – have you deleted Facebook, Twitter and Instagram yet?

 These token-enabled communication platforms may help you take the leap.

  • Minds: A censorship-resistant social network that integrates ERC-20 tokens

  • Peepeth: Like Twitter, but decentralized and token-integrated.

  • Akasha: A decentralized social network built on Ethereum.

  • Numa: A no-frills, distributed social media platform.

  • Indorse: Coding assessment platform and online code review for programmers, by programmers.

  • Cent: The income-generating social network, enabling anyone to earn money by sharing their wisdom and creativity.

  • Livepeer: Open source video infrastructure services for live video broadcasting.

  • Refereum: Earn rewards for playing games, watching streams, and sharing gaming content with your friends.

  • VouchForMe: A distributed insurance platform based on social proof built on Ethereum.

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Facebook Libra 2.0 Explained in 5 minutes, planned for World Payments Systems Disruption in 5 years

What is Libra

Libra is a permissioned, blockchain-based stablecoin payment system.

The Libra payment system will support single-currency stablecoins and a multi-currency coin (LBR) that will be a digital composite of some of the single-currency stablecoins available on the Libra network.

All Libra coins will be fully backed by cash & cash equivalents and short-term government securities held by a geographically distributed network of custodian banks.

History

Libra’s origins can be traced back to 2017 when Libra co-creator and Calibra head of strategy, Morgan Beller, became the first person at Facebook’s secret blockchain initiative. Month’s later, CEO Mark Zuckerberg expressed his desire to “go deeper and study the positive and negative aspects of” cryptocurrencies in his New Year’s resolution post.

On May 8, 2018, Facebook Vice President David Marcus announced that he would be moving from Facebook’s Messenger division to lead Facebook’s blockchain initiative, kicking the initiative into high gear. By February 2019, there were more than 50 engineers working on the project.

In May 2019 it was confirmed that Facebook planned to launch a stablecoin backed by multiple currencies as part of a payments network designed to enable billions of users to make online purchases and transfer money between each other.

Announcement

On June 18, 2019 Facebook officially unveiled Libra: it’s permissioned blockchain-based payment system. It’s token, Libra, would be a stablecoin fully backed by a basket of fiat currencies and government securities, held in the “Libra Reserve.” Facebook also announced that it would develop a digital wallet for the project under its new subsidiary called Calibra, led by Libra co-creators Morgan Beller, David Marcus and Kevin Weil.

The Libra blockchain and Libra Reserve would be governed by the Libra Association: a Swiss based membership organization responsible for the governance of the Libra network and development of the Libra project. The 27 members planned to invest $10 million a piece to receive Libra Investment tokens and become validators of the Libra network.

Although the project would be permissioned at launch, the association aimed to begin transitioning to permissionless governance and consensus within five years.

Regulatory Pushback

Libra received immediate pushback from regulators around the world who expressed concerns over privacy and the potential challenge to various nation’s monetary sovereignty. As a result, just one month after the project was announced, Facebook assured that Libra would not launch until all regulatory concerns were fully addressed. Facebook executives proceeded to go through a series of hearings and meetings with US Congress and various governments in an attempt to alleviate regulatory concerns.

In September 2019, it was reported that the Libra reserve basket would consist of 50% US dollars, 18% Euro, 14% Japanese Yen, 11% Pound sterling and 7% Singaporean dollars. This US friendly composition wasn’t enough to quell anxieties and regulatory pressures persisted. In October 2019, PayPal became the first company to walk away from the Libra Association, with several other high profile founding members following suit, including Visa and Mastercard.

In January 2020, it was reported that the Libra Association was weighing a shift to a multiple stablecoin framework with each backed by their own individual currencies. This differed from their initial approach of a single stablecoin backed by a composite basket of fiat currencies.

Libra’s Revised Plan

On April 16, 2020 Libra unveiled its revised plan. As rumored, Libra transitioned to a framework featuring multiple single-currency stablecoins, in addition to its multi-currency Libra coin. Under the new model, each single-currency stablecoin will be backed by its respective fiat currency and government securities – i.e. the US dollar stablecoin will be backed by a reserve of US dollars and US government securities.

The multi-currency Libra coin on the other hand would be a composite of some of the single-currency stablecoins available on the Libra network. This differs from the initial proposal for a standalone currency backed by a basket of various fiat currencies and government securities sitting in a single reserve. The new Libra Coin proposal looks less like a currency and more like the SDRs maintained by the IMF. Libra Coins represent a claim on stablecoins held in various reserves within the network. This is one step removed from representing a direct claim on multiple fiat currencies and government securities sitting in the Libra Reserve.

According to the revised white paper, these changes were made to address policymaker’s key concerns. The revised plan further includes a more comprehensive compliance framework, the abandonment of plans to transition to a permissionless system and plans for strengthening the Libra Reserve design. Also to the delight of policymakers, t will allow for easier integration of central bank digital currencies to replace corresponding single-currency stablecoins.

According to the head of policy for the Libra Association, Dante Disparte, the Libra network is working toward a late 2020 launch.

Go Deeper

To learn more about Libra’s roadmap, regulatory history, team and participating organizations, the Libra Coin, launch, consensus and emission, underlying technology and governance, read our full Libra profile page.
— Citește pe messari.io/article/libra-2-0-explained-in-5-minutes

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MyEtherWallet to Offer ‘.Crypto’ Blockchain Domains to 1 Million Users

Unlike with traditional domain registration, custody of the domain is tied to the specific wallet and is not controlled by any centralized entity.

The .crypto domain is based on Unstoppable Domains’ smart contracts on Ethereum, which are responsible for assigning the domains and looking up the addresses.

It is separate from the Ethereum Name Service (ENS), which assigns .eth domains, but the functionality is similar. Unstoppable Domains can tie the .crypto domain to an Ethereum wallet, making it possible to send money to human-readable addresses.

Building an uncensorable web

The company is also pushing the .crypto domain as an uncensorable alternative to existing web addresses.

Since it falls outside of the traditional domain name infrastructure, normal browsers cannot open .crypto websites. As reported by Cointelegraph in March, the Opera browser entered into a partnership with Unstoppable Domains to accept blockchain-based domains. 

Opera nevertheless only holds 2.2% of the global market share. For Chrome users, Unstoppable Domains released a browser extension.

The company stresses that blockchain domains are not going to make the web uncensorable by themselves, but they help users bypass restrictions when publishing content.
— Citește pe cointelegraph.com/news/myetherwallet-to-offer-crypto-blockchain-domains-to-1-million-users

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Mortality rate comparison Influenza US season 2017-2018 vs Novel Coronavirus (SARS-nCoV-2-2019)

US Center for Disease Control
Influenza-associated disease outcomes
AGEMortality rate %
0-4 yrs0,0006
5-17 yrs0,001
18-49 yrs0,002
50-64 yrs0,0106
65+ yrs0,1001
Average0,02286
China CCDC, February 17 2020
COVID-19 Fatality Rate by AGE
AGEMortality rate %
0-9 yrs0
10-19 years0,2
20-29 years0,2
30-39 years0,2
40-49 years0,4
50-59 years1,3
60-69 years3,6
70-79 years8
80+ years14,8
Average3,188888889
Influenza/nCoV average mortality factor139 times
Data sources: 
https://www.cdc.gov/flu/about/burden/2017-2018.htm
https://www.worldometers.info/coronavirus/coronavirus-age-sex-demographics/

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Expert opinions on New Coronavirus SARS nCoV 2019

The director general of the WHO has recently spoken of a narrowing of the window of opportunity to control the current epidemic. The tipping point – after which our ability to prevent a global pandemic ends – seems a lot closer after the past 24 hours

Prof. Paul Hunter

Professor of Health Protection
University of East Anglia
Feb. 23, 2020

The number of reports from multiple different countries in the past 36 hours showing what is most likely community human to human spread of SARS-CoV-2 confirms fears that the virus is on its way to causing a pandemic

Once the virus establishes an endemic foothold in the human population; it will become difficult if not impossible to eradicate, like other betacoronaviruses (beta-CoV) that infect humans causing seasonal outbreaks of respiratory illness, albeit of lower severity.”

Prof. Dr. Benhur Lee, MD

Professor of Microbiology
Icahn School of Medicine at Mount Sinai (ISMMS)
Feb. 21, 2020

I think it is likely we will see a global pandemic. If a pandemic happens, 40% to 70% of people world-wide are likely to be infected in the coming year. What proportion is asymptomatic, I can’t give a good number

“Why do I think a pandemic is likely? The infection is in many parts of China and many countries in the world, with meaningful numbers of secondary transmissions. The scale is much larger than SARS for example (where the US had many introductions and no known onward transmission)

Why do I think 40-70% infected? Simple math models with oversimple assumptions would predict far more than that given the R0 estimates in the 2-3 range (80-90%). Making more realistic assumptions about mixing, perhaps a little help from seasonality, brings the numbers down.

Pandemic flu in 1968 was estimated to _symptomatically_ infect 40% of the population, and in 1918 30%. Those likely had R0 less than COVID-19. Below is from https://stacks.cdc.gov/view/cdc/11425

Prof. Marc Lipsitch

Prof. of Epidemiology, Harvard School of Public Health
Head, Harvard Ctr. Communicable Disease Dynamics
Feb. 14, 2020

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ROMANIA – UAE INVEST > 22 March – 22 April 2020 Dubai & Abu Dhabi

Romania– UAE Invest 2020 is the first of its kind initiative dedicated to Romanian entrepreneurs and companies wishing either to internationalize their business to UAE or to finance their projects in Romania.

Industries:

  • IT
  • Blockchain
  • FinTech
  • Education & E-learning
  • Food & Beverage
  • Healthcare
  • Automotive&Aerospace
  • Metals & Mining
  • Real estate & Construction
  • Tourism & Hospitality
  • Oil & gas, petroleum & petrochemicals
  • Greenenergy
  • Agriculture & Aquaculture
  • Contracting & Civil Engineering
  • Manufacturing
  • Logistics & Trade
  • Architecture & Interior design
  • Luxury products – jewelry,high-end decorations, antiques
  • Wellness

Why UAE?

Global trade center

By its strategic location, excellent connectivity and world-class infrastructure, Dubai has become a renown global trade center. Sitting at the crossroads of East and West, Dubai is a switching point for trade in Africa, Europe, the Middle East, the CIS, Central Asia and India..

Dubai is a real city of the future, boasting a world-class infrastructure, well-maintained roads, excellent public transport and connectivity. With future-ready infrastructure providing access to two-thirds of the world’s most attractive growth markets, Dubai has developed its geographical location advantage. The infrastructure is highly developed, with ports and airports serving as some of the most active gateways into the region for business, commerce and tourism.

Its global reputation as a wealth generator and investment stronghold continues to drive the city’s growth and attract both worldwide corporations and international SMEs.

Unrivalled opportunities for networking, generating financing and business growth

UAE, in particular Dubai gathers together entrepreneurs from all corners of the world, including both investors from all industries and founders of strong companies incorporated in the region. Moreover, UAE offer you a series of development programmes, business hubs, accelerators & incubators, specialized business platforms as well as all types of networking opportunities. Leveragingthe benefits of such an environment, a foreign entrepreneur has a tremendous opportunity both to understand the local business framework and to find suitable partner/s that will cater to his needs & goals.

One of the most peaceful countries in MENA

Dubai is a politically stable environment and a safe city for citizens, residents and visitors alike. According to Interpol, Dubai is one of the safest cities in the world in terms of crime and health, making it a reassuring ground for all.

Investor-friendly business environment: ease of doing business & tax-free advantage

The government is pro-business, with the most transparent and favourable business regulations in the region to encourage foreign investment. Dubai provides tax-free zones, first-class physical infrastructure and access to an experienced and skilled labour force.

Being a tax-free city, Dubai attracts people from around to look for investment opportunities in the region.

Global knowledge hub boostinginspiration and innovation

Complementing the ease of doing business and the strategic advantages of being located in the emirate, Dubai’s status as a growing knowledge hub is also enhancing its attractiveness as a business destination. Innovation and inspiration have become key to Dubai’s past successes and future growth. Moreover, an increasing culture of pioneering research and groundbreaking development ensures that Dubai is not only the Middle East’s leading destination for new initiatives, but also a global knowledge base.

Unrivalled business growth opportunities in 2020 – 2021

Expo 2020is the first World Expo to be held in the Middle East, Africa and South Asia with many reasons to be counted as one of the most important exposition in history. It will be hosted by Dubai in the United Arab Emirates, between October 20, 2020 and April 10, 2021. Having as theme “Connecting Minds, Creating the Future”, Expo2020 is set to welcome 190 participating countries, and millions of visitors from across the globe, brimming with business possibilities.

Expo 2020 will serve as unique global platform to win investment, forge agreements and promote international cooperation. It will be a gateway into new markets for all businesses, offering them the chance to develop relationships with nations, multilateral organizations, corporations and educational institutions, as well as millions of visitors, echoing Expo’s theme. Expo 2020 will connect companies, ranging from start-ups to international conglomerates, from different countries and communities.

District2020 Following the six-month World Expo, District 2020 will continue to fulfill Expo 2020’s vision of connecting minds with a space designed and built to push the boundaries of architecture, smart technology, and sustainability. Its location between Abu Dhabi and Dubai, places District 2020 at the center of the acceleration of Dubai’s development. District 2020 forms a key part of Expo 2020 Dubai’s legacy strategy to reuse 80% of its site infrastructure, building an environment to create a vibrant community that will become the home, workplace, and retreat for those who thrive by connecting with others, living in a center for innovation.

District 2020 is creating a global entrepreneurship programmethat offers startups and small businesses an opportunity to scale to Dubai in key industries (Logistics & Transport, Travel & Tourism, Construction & Real Estate, Education) and with key technologies (IoT, Artificial Intelligence, Big Data). The programmeprovides a soft landing for these entrepreneurs and businesses to set up in District 2020’s ecosystem by Q4 2021.

—

Packages designed for the internationalization of Romanian companies TO UAE

 

I) BUSINESS BRIDGING – ADVANCED

§Level 1: Pre – market entry: market research, competitor analysis, identify key stakeholders, design the best internationalization strategy
§Level 2: Select relevant potential partners (including due diligence on their previous and current portfolio and KYP – Know your Partner analysis), introduce and promote your services / products to them
§Level 3: Organize “Business Bridging” sessions in UAE (in particular, Dubai and Abu Dhabi; other emirates will also be considered) during aprox. 1 week consisting of:
  • B2B meetings with short-listed potential partners (such as relevant companies, distributors, retail chains, local agents, conglomerates, HORECA representatives etc)
  • Round table / workshops / mentoring sessions with key players from the field (on a case by case basis governmental authorities, hubs, free zone authorities, representatives of relevant public/private institutions, specialists)
  • Visits to landmark locations from UAE, which are relevant to your business

 

II) BUSINESS BRIDGING – BASIC

•Organize “Business Bridging” sessions in UAE (in particular, Dubai and Abu Dhabi; other emirates will also be considered) during aprox. 1 week consisting of:
  • B2B meetings with short-listed potential partners (such as relevant companies, distributors, retail chains, local agents, conglomerates, HORECA representatives etc)
  • Round table / workshops / mentoring sessions with key players from the field (on a case by case basis governmental authorities, hubs, free zone authorities, representatives of relevant public/private institutions, specialists)
  • Visits to landmark locations from UAE, which are relevant to your business

 

III) REPRESENTATION TO EVENTS

§Promote your services / products to relevant stakeholders exhibiting at the event and other attendees
§Networking in your behalf
§Establish number of contacts showing a real interest in your business
§Explore potential collaborations
§Organize B2B outside the event, as the case may be

***the cost is exclusive of the attendance/exhibition fees which may be required by the organizers of such events

 

AVAILABLE EVENTS:

SEAMLESS: 25-26.03.2020

Seamless is a multi-brand exhibition, covering the world of Payments, Fintech, E-commerce, Retail, Insurtech and Identity. The exhibition hosts 500 of the region’s leading technology providers and start-ups.

FUTURE BLOCKCHAIN SUMMIT: 07 – 08.04.2020

The world’s leading and largest government hosted Blockchainfestival, Future BlockchainSummit is back for a third edition hosted by Smart Dubai, from 7-8 April 2020 at Dubai World Trade Centre. The city of Dubai is mandated to have all government transactions on the blockchainby 2020 and will be the world’s blockchaincapital. Future BlockchainSummit is the official Blockchainevent of Smart Dubai, the driving force behind the UAE’s BlockchainStrategy and is bringing together global enterprises, blockchainstartups and government entities at the summit to make this dream a reality.

BEVERAGE AND TOBACCO MIDDLE EAST: 08 – 09.04.2020

World beverage and tobacco in Dubai is an international exhibition that will provide your company with the perfect platform to showcase your latest products and services to a range of international attendees.  It offers a world-class business environment to gain long-term and high-volume customers through one platform. You will showcase your products to eager buyers in the beverage and tobacco market with the help of world beverage and tobacco exhibition in Dubai Middle East.

 

IV) KNOW THE MARKET – BUSINESS TRIP

§get an overview on the UAE’s business market and general investment opportunities
§visits to relevant locations from UAE which may be relevant to your business (i.e. free-zones, ports, residential projects & office buildings, factories etc. )
§organize B2B meetings with 1-2 companies; roundtables / mentoring sessions with key players from your chosen field, including government officials

V) FOLLOW UP – BASIC

§Subsequent follow ups with shortlisted stakeholders showing a real interest in your services / products.

VI) FOLLOW UP – ADVANCED

•Legal consultancy: negotiation and drafting of contracts, regulatory compliance, legal opinions on UAE Laws, company incorporation, settlement of disputes etc.
•Financial analysis
•Provide constant legal and business advice during your partnerships in UAE

IV) KNOW THE MARKET – BUSINESS TRIP

§get an overview on the UAE’s business market and general investment opportunities
§visits to relevant locations from UAE which may be relevant to your business (i.e. free-zones, ports, residential projects & office buildings, factories etc. )
§organize B2B meetings with 1-2 companies; roundtables / mentoring sessions with key players from your chosen field, including government officials

V) FOLLOW UP – BASIC

§Subsequent follow ups with shortlisted stakeholders showing a real interest in your services / products.

VI) FOLLOW UP – ADVANCED

•Legal consultancy: negotiation and drafting of contracts, regulatory compliance, legal opinions on UAE Laws, company incorporation, settlement of disputes etc.
•Financial analysis
•Provide constant legal and business advice during your partnerships in UAE
—
Implemented by DC&CA Partners & Leichmann Weifert, for requests
call to +4 021 310 27 01 or
e-mail to uae AT lew DOT ro
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Palantir worked with Cambridge Analytica on the Facebook data: Whistleblower

Palantir worked on the Facebook data that was acquired by Cambridge Analytica, whistleblower Christopher Wylie tells members of U.K. Parliament.

Check this out. These are no fucking jokes.

Everyone remembers the Cambridge Analytica scandal, and how the mainstream media tried to show how the Trump campaign spied on Facebook users.

Beyond the fact that user profiling for targetted ads, on the Internet, is a legal activity that dates decades back, and that EVERYONE uses – that’s how you get your shoes ads, in exchange for all your activity records, this is what cookies are for, for those that still don’t get it – beyond all that, there are a lot of powerful pieces of information, that you can find if you research a little, and that the idiots thinking they get the truth from their TVs will never get.

Here they are.

* Palantir is a data mining company – just like Cambridge Analytica – based in Sillicon Valley – you know, the place where all the miracle, hundreds of billion dollars worth, “basement startups” like Microsoft, Apple, Google, Uber – another independent startup that spread up like a wild fire across the globe, in a few years, without any obvious competitional reason, promoted by the mainstream worldwide – just like all the rest of the independent miracles – and universal beneficiary of inexplicable operational and financial regulation exemptions in all jurisdictions, compared to all other, normal, private taxi companies. The only differences Uber presents to other cab companies are, across the board, competitional disadvantages – inability to use cash, the impossbility to use taxi stops, the absence of call centers, drivers without background checks or licenses, the absence of special, publci transportation insurance, and every single trip recorded, with the personal data of every user, along with the times, stops, etc.. within a personal car sharing system. We all know how the removal of cash, recording all personal data and activity, and car sharing/pooling, as opposed to car owning, are stated intended implements of the Leftist NWO, but I digress.

* Among Palantir’s clients were the NSA, and FBI. The company itself I’ve seen reported as being backed by the CIA.

* Palantir was co-founded by billionaire Peter Thiel, who owns Paypal – a chairman of which has been, until recently, Elon Musk (Tesla, Space X) – and also stakes in… Facebook. Facebook is the platform Cambridge Analytica worked on.

* Cambridge Analytica CEO Alexander Nix was introduced to Palantir by Sophie Schmidt, the daughter of former Google CEO Eric Schmidt.

* Eric Schmidt himself has established a company which carried on the exact same task for Hillary Clinton, after having done the same for Barraq Hussein. The had of Google himslef – the one that records all your searches, provides the results that you take as news, that own the operating systems of the vast majority of all smartphones in the the world – Android – and claims to be politically objective – but about all this, in a separate post.

* Before the 2016 US elections, these are all Obama’s FBI, NSA, and CIA. I seriously doubt it that they set out to help Trump win.

* Several people from Palantir moved to work at Cambridge Analytica, reportedly at Christopher Wylie’s behest (the whistleblower).

* Wylie, himself, who said that he dreamed of turning CA into “NSA’s wet dream”, is a gay, hair dyed, army uniform wearing, vegan guy, with a resentful, cynical attitude, that fits the Leftist “liberal” profile to a tee. We all know how fond Liberals are of Trump.

I find it very hard to believe that these people decided to go against their convictions, or job descriptions, to help Donald Trump win, against the establishment, and then, all of a sudden, had the revelation that they were working against their conscience, which they were unaware of, until then, and blew the whsitle.

* Another great coincidence – I told you how much I believe in coincidences – is that Donald Trump’s campaign declined using the data from CA, shortly after hiring them, which the mainstream media doesn’t say, preferring to use RNC data instead.

The whstile blowing happened soon after.

So, these are the facts. That you will never hear in the mainstream. You draw your own conclusions.

— Citește pe www.cnbc.com/2018/03/27/palantir-worked-with-cambridge-analytica-on-the-facebook-data-whistleblower.html

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BBC, tech giants will fight fake news with an ‘early warning system’

Tech companies know disinformation remains a major threat, and they’re forming an alliance with a media giant to help fight the online spread of falsehoods. The BBC has partnered with Facebook, Google and Twitter on a strategy to fight fake news and other disinformation campaigns. The effort will include an “early warning system” that lets organizations tell each other when they find false content that “threatens human life or disrupts democracy.” Ideally, this helps companies quickly neuter disinformation before it has much of a chance to spread.

The plan also involves a joint media education campaign, shared learning (with a focus on elections) and voting information. More details are coming “at a later date,” the BBC said.

The timing of the collaboration likely isn’t a coincidence. Internet giants know that the 2020 US presidential election is fast approaching, and they’re already working with intelligence agencies to tackle disinformation and security risks. The companies don’t want any risk of repeating the missteps from 2016, and that means forging pacts with anyone that can further their goals. While the BBC clearly isn’t based in the US, its work could be useful for fighting election meddling in the country on top of any help it can offer abroad.

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2019 the year of blockchain

On the first day of this year’s DC Blockchain Summit in Washington, D.C., concern that a heavy-handed approach from the federal government may stifle blockchain innovation within the u. s. was lessened by the regulators themselves, who told attendees that they often support permitting the technology to flourish.

That message was bolstered on day 2 of the conference, when U.S. Representative Tom emmer (R-Minnesota), a lawmaker who has taken on blockchain as a difficulty on capitol hill. Emmer, who co-chairs the legislative assembly Blockchain Caucus, expected that 2019 “stands to be the year of blockchain, the year we separate hype from reality, and begin harnessing blockchain in the right-use cases to lower costs and increase efficiency,” he told attendees on March seven.
But he conjointly stressed the requirement for coordinated government oversight. “Congress has a clear role: we must insure that regulation is simple and precise,” Emmer said. “If a patchwork of regulations emerges, the industry will suffer, and prove government to be ineffective. This confusion will beyond question result in a lot of regulation, which is able to solely stifle the innovation and potential application of the technology.”

The financial stakes were highlighted throughout the conference once it absolutely was noted that there’s $130 billion in price presently being keep in public blockchain networks, and that ten percent of the world’s gross domestic product is predicted to be stored by 2025.

Emmer counseled the Chamber of Digital Commerce for releasing its National Action plan for Blockchain, that necessitate a pro-growth restrictive approach to developing blockchain technology within the U.S. The document specifically mentions however the technology is already being applied in supply chain networks for following food safety.

“The National Action plan also provides a required need clear regulation before enforcement. although regulators of blockchain and cryptocurrency have been considerably restrained and have allowed innovation during this area to flourish, we’re presently operating beneath ‘regulation by enforcement.’ Regulators should offer clear rules of the road to make sure that even the tiniest start-up with a superb plan will become a serious enterprise.”

Emmer said he’s doing his half to hurry the expansion of blockchain within the U.S. through his Blockchain regulatory Certainty Act, a bill he introduced in January. The legislation ensures that blockchain developers that never take charge of client funds don’t have to register as a cash transmitter within the states in which they operate.

“Money transmitter laws were enacted to ensure the protection of the buyer entrusting another entity with their funds so as to transmit them. If no funds are being entrusted to a different, it ought to make sure that these rules don’t apply,” he said