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Welcome back ! UNICEF Australia recently launched a Hope Page project that uses browser based mining
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April 30 · Issue #122 · View online
3 Things You Need To Know From The Convergence Ecosystem
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Welcome back ! UNICEF Australia recently launched a Hope Page project that uses browser based mining to donate tokens towards crucial supplies such as vaccines. +1 for innovation. Today we explore a UK based energy giant’s entry into blockchain enabled energy trades, decentralised exchanges and the rise of distributed valerism. |
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1. UK energy supplier Centrica to trial blockchain technology
It seems like “energy trading” is all set to see the same kind of competition the BaaS (blockchains as a service) space has been witnessing. Another industry where incumbents have detected potential, deployed solutions and begun scaling. In its latest instance, British energy supplier Centrica has announced that they will launch a local energy market trial later this year. The firm has claimed that the trial will be the largest blockchain trial to date in Britain carried by one of the big energy providers. The trial run will see over 200 houses and independent businesses make energy-related transactions in a peer to peer format. The energy giant will be working with US Based startup LO3 energy which had earlier secured an undisclosed round of funding from Centrica’s innovation arm. The utility of a blockchain for settlement of energy-related transactions in peer to peer environments allows industry players to reduce cost overheads in grid management while scaling points of production. Another step to a more energy efficient future.
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2. Decentralised Exchanges: What’s the point?
To create a stronger bridge between the token economy, and the rest of the global economy, it will be important that the frictions listed in part one of this series are addressed. The decentralised liquidity problem has been a major pain point since the introduction of some of the earliest decentralised cryptocurrency exchanges, such as EtherDelta. Today the issue persists, but with more and more attention being paid to the token economy, more problems have surfaced. To address these issues, many startups have set out to develop their own solutions, not just for liquidity, but also to address UX/UI, custodianship and other infrastructural issues in the space. Following up from part one in his series, Shaquile Noor runs over some of the key ways that problems within the decentralised exchange market are being addressed. The series has set out to demonstrate how more collaborative approaches towards innovation in the space could increase both the scale and rate of adoption in the token economy. |
3. Crypto Beyond Capitalism: The Rise of Distributed Valerism
Matthew Pirkowski has been exploring the link between morality and economic theory. Just like people approximately 200 years ago societies had to adapt to Capitalism by letting go of agrarian and mercantilist assumptions, today we might have to let go assumptions from the industrial era to make room for the economic potential of the Information Age. “Distributed Valerism” removes concerns about the centralized management of ownership and instead focuses on value representation, storage and transactions while including aspects of game theory and behavioural economics in novel ways. Blockchain can influence our current system because it allows us to capture and facilitate diverse sets of human values and human values by decreasing transactional friction and enforcing elements of game theory on massively scale. This is likely to increase over wealth creation, fair distribution and stabilize our political and financial systems. The concept of money even though taken for granted, tends to be ambiguous amongst humans due to it’s abstract nature. Fundamentally, the article questions the notion of whether Distributed Ledger Technologies alter the way humans perceive money and the concept of value representation. Give it a read here.
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Something fun I realized recently: Bitcoin in 2017 processed over $1b on-chain per day on average, with the most conservative estimates.
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7:01 PM - 29 Apr 2018
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