We’re already in February 2019, can you believe it? January surprisingly flew past in a blur as we prepare and plan for the year ahead. Kicking off the new year in the world of blockchain and digital currency exploits, there were lots of new project developments and innovative user cases the LIFE team wanted to highlight with our fans. So, without further ado, welcome to the LIFElabs.io first ever weekly news roundup. In this series, we will be exhibiting our favourite industry-related news stories from the previous week.
This piece struck us as it ties in perfectly with our slogan “Simply for Everyone”. It explains to an everyday person how they can jump on the blockchain hype without having the technical know-how that they believe they need. It’s a well-read article, which we definitely recommend when you have 5 minutes and a coffee break.
We’ve all been there, at a party or social gathering when someone asks us “What actually is blockchain?” and you have a big sigh as you try to explain it in the simplest of terms to someone who would actually understand. And without the obligatory eyes rolling or misting over in complete and utter boredom! “What The Block” is a project designed to make learning about blockchain interesting and fun to learn. This is an engaging and educational game designed to help explain blockchain technology to those who don’t know a lot about it, but are definitely intrigued, created by “The Blockchain People”, Cyrus Clarke and John Ferreira.
It’s an unsurprising fact, that many of us are aware of the word ‘blockchain’. But to hear this from big players such as JPMorgan’s chair of global research, Joyce Chang, where she states “The most meaningful impact will probably be three to five years away and mostly on trade finance”. Clearly with the progress blockchain technology has made so far, the LIFE team cannot wait to see what it has in store for the future, especially as global corporate companies embrace, disrupt and adopt the technology.
As any LIFE fans know we are suckers for a good blockchain user case. One of our favourites is using blockchain technology to track food & drink goods. Remember the sustainable Indonesian skipjack tuna we shared last year? This can and will only help consumers make more ethical purchasing decisions, whilst preventing the likes of counterfeit alcohol from being sold to the consumer. According to the International Centre for Alcohol Policies around 30% of alcohol consumed worldwide is counterfeit.
In a study conducted by Edelman, they learned that 25% of affluent millennials are using or holding cryptocurrency assets. Additionally, 31% of millennials expressed an interest in eventually owning cryptocurrency. As a result, new solutions geared towards younger investors could gain significant traction in 2019.
Have we missed any of your favourite articles from the past week or do you feel like sharing your thoughts and predictions on any of the above highlights? We would love to hear from you, comment below or get involved in the discussion on our social media channels. @LIFElabsHQ