Vietnam to Propel Blockchain Training for Enhanced Competitiveness

To gain an upper hand in the blockchain sector, Vietnam is in high gear to boost human resources in this sector, according to the local media outlet Viet Nam News.

Phạm Văn Huy, CEO of blockchain company MoonLab, pointed out:

“The scarcity of human resources in this field is completely inevitable in both Việt Nam and internationally.”

He added:

“It is extremely difficult to recruit human resources specializing in this field as Blockchain is still quite new and there are no training programs at universities, colleges, or even information technology centers in the country.”

Therefore, Vietnamese engineers and programmers are being encouraged to venture into the blockchain field because they can flexibly switch to internet learning and self exploration. 


For instance, by having adequate personnel trained to create blockchain-based smart contracts, Vietnam will be in a position to meet market needs.


Huy Nguyen, co-founder of KardiaChain, Blockchain, stated:

“We need to pay more attention to the deep development rather than just the surface one. If it can solve the problems from the root, Việt Nam can easily meet the needs of the market in the next five to 10 years and help Blockchain become a technology widely used here.”

Nguyen added that for Vietnam to be a blockchain hub then personnel training should be undertaken from the bottom level up. 


Businesses, universities, and research centers should also come up with plans to train personnel from the root level. Nguyen stated:

“There should also be good quality short-term blockchain courses for those who intend to change industries, grasp it in a short time, making the peer-to-peer transition more flexible.” 

Meanwhile, experts in Vietnam recently highlighted that raising awareness about blockchain technology through regulatory frameworks, successful applications, and education would heighten adoption.

Image source: Shutterstock


Tagged : / / / / /

Swiss SEBA Bank Completes Series B Fundraiser

Switzerland’s SEBA bank successfully completes a series B fundraiser, giving further merit to the notion that the country is becoming a hub for cryptocurrency business.

Another Successful Fundraiser

The Swiss start-up bank has officially completed its second stage of capital fundraising. The institution which sells cryptocurrencies to its customers has been planning the Series B phase since January this year.

According to an official publication, the bank has just executed its Extraordinary General Meeting, approving the finalization of the consequent stage of its additional capital raise. 

All of the bank’s key shareholders, plus new investors from Switzerland, Europe, and Asia, have participated in the fundraiser. The bank said it is prepared to focus on further pursuing its domestic and international development towards a digital economy.

During its initial fundraising stage, SEBA managed to collect 100 million Swiss francs ($103M). Alongside that, the Swiss Financial Market Authority (FINMA) granted the institution with a banking and securities dealer license. That was the first case when a reputed regulatory authority in the country grants a banking license to a financial services provider with a primary focus on digital assets.

The regulator’s consent allowed SEBA to enable its professional and institutional customers to invest, safely keep, trade, and borrow traditional and digital assets, including the right to issue tokens.

“I am delighted that the strengths of SEBA Bank and its track record in 2020 were recognized by our existing key shareholders and new investors, leading them to participate in a second capital raise. This support will allow us to accelerate the strong growth SEBA Bank is delivering as we also plan to expand into new markets in the Middle East and Asia and support US institutional clients”, said CEO of SEBA Bank Guido Bühler.

SEBA Bank will tokenize its Series B fundraising shares soon after the expected blockchain law will come into force in the country.

Swiss Parliament Clearing Up The Path For Blockchain And Cryptocurrencies

In September this year, the Swiss senate passed a new bill aiming at a better regulation of cryptocurrencies.

The upcoming set of financial reforms were announced to provide a clear legal framework regarding cryptocurrency trading and their relation to securities laws. The new regulations might come into effect in 2021 and are expected to give Switzerland the most advanced blockchain regulatory setting in the world.

As proof of its intention towards blockchain and cryptocurrencies, one of the country’s cantons – Zug – announced it would allow taxpayers to pay their taxes in Bitcoin (BTC) and Ethereum (ETH). As CryptoPotato reported, the project will be focusing on both individuals and companies, leaving them the choice to pay their taxes in cryptocurrencies to the tune of CHF 100,000 ($110,000). 


Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Tagged : / / / / /

Is Blockchain The Answer To COVID-19 Led Misinformation and Rumor Mongering?

In the past 10 months, COVID-19 literally brought the world to its knees. But the pandemic, as it turns out, has been less of a pandemic and more of an infodemic. The internet was teeming with a deluge of news reports, stories, blog articles, and ‘guidelines’ on ‘how to stay safe out there’.

And what percentage of this content is actually worth relying upon? Which source to trust, and which one to shun? Why has this global catastrophe become a breeding ground for misinformation and rumor peddlers? Why is it painstaking to absolutely genuine information? Is blockchain technology the answer to this endless barrage of coronavirus misinformation?

The ‘COVIMisinformation Virus’ And How It Came To Life

The practice of rumor-mongering has been in existence since time immemorial. We human beings have been spreading misinformation and conspiracy theories since the very invention of speech. But the ongoing COVID-19 pandemic propelled fake news circulation to an altogether different level.

The coronavirus spread through human carrier hosts. While misinformation pervaded via mass media. Digital technologies, social media networks, and online news portals only added fuel to this fire. So-called mainstream news outlets orchestrated the functioning of an elaborate fake news machine.

Through The Social Media Machine

Apart from this, social media proved to be one of the most prolific production portals for fake news and misinformation. And the worst part about content churning out of social media is the corroboration with actual facts. The social media players manipulated most of the actual, useable information. And promptly trashed the actual genuine, useful stuff. Either by group admins or by the company folks themselves.

Stripe CEO Patrick Collison recently flagged this issue on Twitter.

The issue blew out of proportion exponentially. So much so that information from the most trustworthy and verifiable sources like the World Health Organization (WHO) was not allowed to see the daylight of reality. This has inadvertently led to an upsurge of self-proclaimed censorship and conspiracy peddling.

Stanford Digital Economy Lab Director and Stanford University professor Erik Brynjolfsson seconded Collison’s viewpoint by pointing out how Twitter apparently has ‘historically’ projected false aspects of true stories.

Another example of Twitter’s self-assertive policing is how the platform flagged certain tweets with the ‘misinformation’ label. This, in turn, makes it difficult to like/retweet tweets. TechCrunch described this inappropriate stance of Twitter ‘appropriately’.

Twitter says it tries to deamplify misinformation today by not allowing those labeled, misleading tweets to appear in Search or injected into users’ Timelines (if they don’t follow the account). But those tweets can still be replied to, liked and retweeted.

Through the Generous Contribution Of Medical Experts

The Week Magazine pointed out that medical professionals and public figures have also contributed to the spreading of lies and questionable opinions with regards to COVID-19.

The magazine quoted research by the National Center for Biotechnology Information which states:

Many specialists took contradicting sides, emphasizing the severity of COVID-19 or calming the public with claims of the virus being non-hazardous. From that standpoint and medical experts not having a united voice, it became somewhat difficult to distribute varying accounts.

With respect to public figures, many saw the populace reject their thoughts about the pandemic. Why? Simply because he/she doesn’t belong to the group which they (the people) incline themselves with.


Can Blockchain Technology Help Fight The Fluff?

As reported by CryptoPotato, New York-based 174-year-old, non-profit news agency, The Associated Press, recorded their calls for the 2020 US Presidential election on the Ethereum blockchain. This is the first time that a prominent body leveraged a distributed computing system. To publish data pertaining to one of the biggest electoral events in history. But can blockchain technology help provide respite from the slew of fake news, misinformation, and censorship?

Yes. Why? Because decentralized systems have an edge over centralized information portals like social media platforms and news outlets. These portals leverage human trust to disseminate news which, in turn, also gives them an upper hand to censor genuine information as and how they please.

And since this data transmits online through centralized servers, hackers can intercept the traffic and manipulate information bits to further aggravate the issue. Online perpetrators can tamper with ‘already tampered’ information to further their personal agendas. Or they can just disguise themselves as notable folks and deal out scams. This was evident from the infamous Twitter hack a few months ago, in which bitcoin scam tweets went out from handles of uber-famous personalities.

Distributed Computing Is The Key

However, with blockchain systems, this risk gets short sized significantly. Popular public blockchain networks like Ethereum, Bitcoin, or for that matter private networks like Monero can stall the spread of fake news and misinformation. And the manipulation of information.

Through trustless and verified data injection in the blockchain, it becomes difficult to doctor facts. Nodes in the network approve information (to be inserted in a block) only after sufficient consensus. And this absolutely nullifies every possibility of information adulteration.

Additionally, the verified piece of information, in this case, COVID-19 safety guidelines/news would always remain accessible to all users of the blockchain minus the ‘single-point-of-failure attack risks’. As long as the nodes keep running. All spurious versions of a particular piece of information can be readily verified against the genuine version on the blockchain thus laying rest to the spread of misinformation.

Not There Yet

But while the above sounds absolutely fantastic on paper, the ground reality is a bit different. Truth is that blockchain-based systems are not entirely ready to tackle the transmission or storage of critical information. Or for that matter sifting through a gargantuan pile of data to weed out misinformation.

The same was recently pointed out by eminent MIT scientists Ron Rivest, professor at the MIT Computer Science and Artificial Intelligence Laboratory (CSAIL), Michael Specter; Sunoo Park, and Director of MIT’s Digital Currency Initiative (DCI) Neha Narula in their latest paper.

The paper‘s literature takes a sharp dig at blockchain’s theorized application in electoral processes. And illustrates meticulously how instead of heightening security, distributed ledger technology would instead plug gaping cybersecurity holes in the voting process.

While current election systems are far from perfect, blockchain would greatly increase the risk of undetectable, nation-scale election failures. Any turnout increase would come at the cost of losing meaningful assurance that votes have been counted as they were cast.

So, while the Associated Press may have leveraged the Ethereum blockchain to record calls for the latest US Presidential elections, it is not at all a green light for mass adoption. But by their inherent design and principle, blockchains could actually help fight the disease of misinformation.

What they need is a little bit more work.


Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.


Tagged : / / / / / / / / / / /

Thai Tax Collector Eyes Blockchain Adoption for Improved Revenue Collection

Thai Tax Collectors to Adopt Blockchain

Thai Tax Collectors to Adopt BlockchainRather than raise taxes, Thailand’s Excise Department is looking to adopt blockchain technology for improved tax collection. The move is part of plans to enhance Thailand’s internally generated revenue (IGR) metrics as the country moves towards more sustained economic recovery. Blockchain Tax Collection System Coming in 2021 According to the Bangkok Post on Monday (Dec.

Read MoreRead More. The post by Osato Avan-Nomayo appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News


Tagged : / / / / /

Japanese City Readies Blockchain Voting Trial

Hands Raising up to a Blockchain

Hands Raising up to a BlockchainThe Japanese city of Kaga wants greater involvement of its citizens in policy decisions and is thus eyeing the use of blockchain technology to enable more people to vote on pressing matters. Electronic voting is becoming a popular use case for the novel technology with proponents saying decentralized ledger technology (DLT) could help to improve

Read MoreRead More. The post by Osato Avan-Nomayo appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News


Tagged : / / / / / / /

Singapore Govt Plans $9M Blockchain Investment Package

Person in a Suit Caring a Glowing Blue Box

Person in a Suit Caring a Glowing Blue BoxSingapore’s government is the latest in Asia to dole out millions of dollars dedicated towards blockchain adoption as the novel tech continues to gain a foothold in the region. Southeast Asia continues to see increasing levels of adoption for crypto projects and decentralized ledger technology (DLT) protocols. $9M Fund to Target SCM and Agriculture According

Read MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News


Tagged : / / / / / /

IOTA Partners With Pantos for European Blockchain R&D Lab

IOTA (MIOTA) Launches Experimental Crypto Wallet Dubbed 'Spark'

IOTA (MIOTA) Launches Experimental Crypto Wallet Dubbed 'Spark'IOTA in collaboration with Pantos is looking to promote blockchain and DLT interoperability under the aegis of a new research laboratory dedicated to the two emerging technologies. IOTA Supporting Blockchain and IoT Development In a press release published on November 26, 2020, Bitpanda-backed project Pantos and IOTA, in conjunction with Austria’s Federal Ministry for Digital

Read MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News


Tagged : / / / / / / /
Bitcoin (BTC) $ 26,965.22 2.08%
Ethereum (ETH) $ 1,655.51 2.72%
Litecoin (LTC) $ 65.31 2.78%
Bitcoin Cash (BCH) $ 236.48 1.04%