Inshorts

US government takes interest in blockchain. Decentralized and distributed nature of blockchain attracts everyone’s attention. US Department of State has made partnership with ConsenSys to plan Blockchain State Forum. The forum took place in Washington DC. This initiative was designed to bring the US Department of State, the United States Agency for International Development (USAID), intergovernmental organizations and private companies together to hold a dialogue and form new partnerships in the development of blockchain technology.

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Famous Icelander singer Björk, known for the fact that when creating their works without hesitation uses new technologies. As without exception, the singer announced, now the fans had the opportunity to purchase her the last album Utopia, for bitcoins and other crypto currency. Kevin Bacon, CEO of Blockpool says, that this is not about the marketing strategy with Björk but to be the leader in this field and create imaginative things to use for developing cryptoworld.

Bitcoin reached the new highest and breaking the record of $7000, continues to grow. Most of experts express opinion that the further growth of bitcoin continues. "We believe that the possibility of hard fork of bitcoin is the main reason for the huge surge of interest toward it. To get additional coins, investors buy more bitcoins and exchange altcoins for bitcoins, which causes huge demand" notes Konstantin Gladysh, CEO of Changelly.com. Analysts of Goldman Sachs stated, that consolidation of bitcoin is possible at the level of $8000. Sheba Jafari, technical analyst at Goldman Sachs said ‘’The market showed impulsive growth when it broke through the $6044 mark. The next mark is $7941. Bitcoin can consolidate there, before it goes even higher.‘’ Tomas Lee, co-founder of FundStrat Global Advisors, also believes that by 2025 the course on bitcoin will grow to $25 thousand.

Blockchain technology can entrust the digital security of the police. Alistair Davidson, head of the technical architecture of the Ministry of Justice of United Kingdom expressed, that blockchain may help police forces on their work to maintaining security and keeping digital data. Online video data can be uploaded by the police to the cloud storage, and they will be viewed using blocking technology. Davidson said, that such way to keep data will be useful for authentication of records in court.

Rising of inflation resulted bitcoinization. Argentine’s largest futures exchange Mercado de Termino de Rosario, aka Rofex, considers adding bitcoin in its’ operations. High inflation in Argentina led toward high demand of bitcoin transactions. Diego Fernandez, head of the Rofex expressed, that although they are examining the process yet, but by the end of 2017 bitcoin and other crypto-currencies may appear among the currencies of the exchange.

Crypto development in Turkey. Murat Çetinkaya, head of the Central Bank of Turkey commented on the developments of digital currencies in the country. He said, that they are watching the developments in this area, and added, that he thinks cryptocurrencies may contribute to financial stability if designed well. Not long ago Banking Regulation and Supervision Agency (BDDK) announced to set a group to study blockchain technology.

Blockchain helps to increase protection. The Japanese transnational corporation Sony proposed using two different blockchain platforms in combination with each other as part of a multi-factor authentication system (MFA). The corresponding patent application was published on October 26 on the website of the US Patent and Trademark Office. The new protection system assumes that in addition to the username and password, it is necessary to enter the additional code that is generated each time you log on to the site or platform. These codes will be generated on a blockchain platform, and then they will be transferred to the second platform to confirm the user's data when attempting to commit a transaction.

Watson Health of IBM Corporation will develop a blockchain platform for the collection and dissemination of medical data. In this framework a cooperation agreement was signed with the Centers for Disease Control and Prevention of US (CDC). The main objective of the project is to unite the potential of blockchain and artificial intelligence to provide the most effective medical care. According to IBM’s chief health officer, Kyu Rhee, the use of artificial intelligence in medicine will ultimately allow consumers to purchase home health systems as easily as home security systems. "Privacy and safety come first. Patients have their data, and you can not share data with people you do not trust," Rhee added.

New Asian cryptocurrency. Kairat Kelimbetov, governor of Astana International Finance Centre (AIFC) in Kazakhstan, announced regarding the cryptocurrencies market development. Kelimbetov mentioned the importance of cryptocurrencies and blockchain in today’s economy. ‘’We believe that the AIFC can become an international hub for Blockchain operations and the development of the digital assets market is our key priority in the near future.’’ said Kairat Kelimbetov.