Last month, Distributed hosted its first flagship conference in San Francisco to bring together a wide array of industry leaders and entrepreneurs in the blockchain space, all of whom were brimming with ideas and observations about the current state of the industry and its future trajectory. Many of these specialists led discussions, as a continual centerpiece, on their own areas of expertise during panel sessions and fireside chats, presenting the audience with succinct and informative content.
Two of the co-founders of Augur, one of the space’s most exciting projects, Joey Krug and Jeremy Gardner, were joined by Tyler Evans from BTC Inc to provide a comprehensive summary of their platform, from the specifics of its founding history to its possibilities for future development. The two of them called Augur a more elegant model of the prediction market, which they characterized as a generic tool used by many financial organizations. The difference between Augur and other prediction markets, however, is that its decentralized structure solves several problems, reducing overhead costs on the consumer, catering to more specialty predictions, integrating a global market and more.
The pair went into great detail on many aspects of Augur, notably including the specifics of its token network and some advice about the generalized use of tokens. For the full video and other informative panels from the conference, visit Distributed’s YouTube channel.
The Enterprise Ethereum Alliance has announced a "Token Taxonomy Initiative" to develop universal definitions for tokens to encourage their interchangeability across blockchain platforms. Members of the initiative include Microsoft, R3, ConsenSys, IBM, EY, Accenture and Intel.
Gemini Trust, a New York-based cryptocurrency exchange, has announced support for Segregated Witness (SegWit) addresses and transaction batching. As a result, customers can now use SegWit addresses for bitcoin deposits and withdrawals, ideally improving processing times and lowering bitcoin withdrawal fees.
Food producer Nestlé and retailer Carrefour will equip the packaging of a French instant mashed potato product with a QR code that provides blockchain-based data about its origins to consumers. The pilot was developed in conjunction with IBM Food Trust.