Blockchain Business: Wyoming, New York & Walldorf

Blockchain Business:

There is a lot going on in the field of blockchain and business. In the US, the Blockchain Coalition was founded, Nasdaq wants to make the technology marketable, while the SAP Blockchain initiative has grown to 27 members.

Acceptance for blockchain technology is growing in all areas. In Wyoming, the interest group has formed Blockchain Coalition. Members want to create a broader awareness of the benefits of technology. Its founding members include Jim Geringer, former Governor Wyomings, Mayor Marion Orr and overstock.com CEO Patrick Byrne.
The Wyoming Blockchain Coalition was announced on Tuesday with the aim of expanding the benefits of technology in the state. The group aims to simplify the regulation and development of a more business-friendly environment for blockchain companies.
Above all, the interest group is planning applications for the blockchain in the registry for GmbHs. This should attract companies. First and foremost, those who deal with the Internet of Things.

Another area is the optimization of production and distribution of agricultural products as well as coal. In addition, the technology should find its application in the management of medical records. Also in the bureaucracy work processes should be optimized. By using the blockchain, one wants to organize and verify government documents more effectively.

"The mission of the Wyoming Blockchain Coalition is to educate Wyoming citizens about the power of technology, minimize costs, streamline administrative processes, and create entirely new businesses,"
said David Pope, Managing Director of the Blockchain Coalition

"We also see ourselves as lawyers for a legal environment that attracts Blockchain companies to do business in Wyoming. Be it using technology in the state or paving the way for service providers. "

Business, Business, Business: From Wyoming to New York

The corporate and tax adviser David Pope should not be disconcerted by Nasdaq's current plan. With the catchy title "Reality shares Nasdaq Blockchain Economy Index", the electronic exchange from New York wants to create a blockchain index with the company Reality Shares. This should make it more accessible to private individuals to invest in blockchain solutions and cryptocurrencies. The planned index then lists companies that deal with technology and make money from it. In its official announcement, the stock market has announced that they have already registered their plan with the US Securities and Exchange Commission.
The CEO of Reality Shares, Eric Ervin, believes in the success of the index. It has teamed with Nasdaq to identify companies that use their resources to develop blockchain applications.

"Reality Shares has recognized the tremendous growth potential of blockchain technology and has partnered with Nasdaq. We want to identify those companies that we believe will become global leaders in new technologies and blockchain applications. "

From New York back to Walldorf

Similarly skilful in this country are beaten bridges. While the SAP chairman is officially calling for more digitization, his company announces that their blockchain initiative has grown to include 27 customers and partners with an estimated market value of $ 819 billion.
The goal of this initiative is to integrate the digital trade repository into solutions for the Internet of Things, manufacturing and the digital logistics chain with the help of the SAP Cloud Platform Blockchain Service. This announcement took place at the technology conference SAP TechEd, which takes place in Barcelona from 14 to 16 November.
SAP will also join the Alastria Consortium to extend the introduction of Blockchain to customers in various industries and countries. In addition, they cooperate with telecommunications providers and energy companies as well as with universities and smart city organizations. Eventually, they will become a member of the Blockchain Trucking Alliance, a forum for blockchain standards in the trucking industry. For the transport is therefore also taken care of.

Everything business?

It seems to be confirmed again and again: Who deals a bit with the matter, can hardly save himself from Blockchain. While everything focuses on business as in the examples above, there are other solutions as well. For example, a recent study has published how the technology can also be used in the energy world. The healthcare industry is also considering solutions with the technology. It remains exciting in any case.