Blockchain Weekly – April 17th, 2020

Biggest news in blockchain

Blockchain Weekly features short summaries of the five biggest headlines from the world of blockchain.

The global Coronavirus pandemic is dominating headlines across the globe, but the developments in the Decentralized Technologies remains untethered by the crisis. Research happening across the globe have accelerated the adoption and development of DLTs and Blockchain at an unprecedented rate.

Huawei and Alibaba join New Blockchain Alliance in China 

More than 100 well-known foreign and domestic enterprises joined China’s first provincial-level Blockchain Innovation Alliance on April 14. Located in the intelligent industry cluster in Yuzhong District, the Alliance includes prominent names like Inspur, Tsinghua Unigroup, Huawei, IBM, Tencent, Alibaba, and Baidu.

The Total Value Transferred on Ethereum Network now Matches to the Bitcoin Network

Messari research revealed data showing the total value transferred on the Ethereum network, including ether and ERC-20 stablecoins, now matches that of the Bitcoin network. On the other hand, DappRadar reported a “16% increase in daily active wallets interacting with Ethereum-based applications compared to the previous quarter, and a growth in dapp use of 64% compared to Q1 2019”, in its 2020 Q1 Dapp Industry Review.

Technologists building “Immunity Passport” to Stop the Spread of COVID-19

COVID-19 Credentials Initiative (CCI) is building blockchain-based self-sovereign identity (SSI) tools to provide a digital certificate, using the recently approved World Wide Web Consortium (W3C) Verifiable Credentials standard. Over 60 organizations in the SSI space have collaborated to provide a certificate that lets individuals prove (and request proof from others) they’ve recovered from the novel coronavirus, have tested positive for antibodies or have received a vaccination, once one is available. 

China to Launch its National Blockchain Platform, Blockchain Service Network (BSN)

China unveiled a testing environment for its DC/EP central bank digital currency (CBDC) on April 14. The testing environment may supplant physical cash in the second-largest economy, sometime in the future. Led by the State Information Center, the country launched Blockchain Service Network (BSN), for domestic commercial use on Wednesday and plans on launching it globally on April 25. BSN is a centralized platform where developers can plug-in and build blockchain-based applications as easily as assembling Lego sets by choosing from several enterprise blockchain protocols or public chains.

Apple and Google Join hands to Design a Decentralized Coronavirus Tracing Tool

Apple and Google announced a partnership enabling users opt-in to a decentralized tracing tool to help determine if a person has come into contact with someone who tested positive for COVID-19. The decentralized tracing tool uses Bluetooth to transmit a randomized and anonymous identifier to nearby devices. The service is privacy-focused as it doesn’t use location data and the user’s randomized identifiers change every 15 minutes.

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