Much has happened over the week since the previous instalment of our Crypto Digest. Let’s take a look at the highlights.
- Nobel laureate of Economics Robert Shiller calls cryptocurrencies “the newest iteration of alternative currency ideas”
As Shiller explains, the decentralized nature of cryptocurrencies (and blockchain technologies in general) is the main attraction for those who disapprove of government policies around the world.
- The Chinese government released its first monthly Global Public Chain Assessment Index on Thursday
Ethereum is ranked top public blockchain in the cryptocurrency space. The rest of the Top 5 is comprised of Steem, Lisk, NEO and Komodo. The blockchain of the the original digital currency?—?Bitcoin?—?occupies the 13th place. The rankings are based on such criteria as technological advancement, practical application and innovation.
In the meantime, Apple co-founder Steve Wozniak draws parallels between Ethereum and Apple in the 1970s.
- The Swiss government is considering the possible benefits of launching a state-backed cryptocurrency: the “e-franc”
If the request for a relevant report is approved by the lower house of the Swiss parliament, the “e-franc” project could be a big part of Switzerland’s financial future.
- JPMorgan has established a crypto-asset strategy department
Oliver Harris, who has been running the JPMorgan’s In Residence fintech program for the past 2 years, has been appointed as head of the new department. In this role, he will be responsible for selecting crypto projects to be developed in-house by JPMorgan.
- Retail giant Walmart applies for a patent to use the blockchain to augment its digital offerings for consumers
Released last Thursday by the U.S. Patent and Trademark Office, Walmart’s patent application outlines a blockchain ledger which would track the items sold to a particular customer by the store. The proposed system allows the customer to register the item after it’s bought for the first time. After that, the system is capable of acting like a digital marketplace by offering the customer to choose a resale price.
Walmart has been exceptionally active in terms of intellectual property registration lately. It has filed a number of related applications and has also piloted the tech for tracking food products.
- CoinDesk has released a price tracker widget in honor of the “Bitcoin Pizza Day”, celebrated on May 22 worldwide
Paying homage to the first documented exchange of Bitcoin for consumer goods?—?a pair of pizzas from Papa John’s for a now-outrageous amount of 10 000 BTC?—?CoinDesk’s widget calculates in real time how much those pizzas cost in USD terms.