As South Korean lawmakers discuss regulations and guidelines for the cryptocurrency sector, a group of domestic blockchain experts will establish a new society to study the legal aspects concerning the decentralized technology.
Dubbed the ‘Blockchain Law Society’, the new organization will officially launch this Friday, August 24, according to a report from local publication Yonhap. The collective will see a group of blockchain experts vying to propel studies on the legal aspects surrounding blockchain technology and promote it for various applications in a number of sectors.
“Blockchain Law Society was founded not only to study blockchain technology from a legal aspect but to promote interdisciplinary collaborations between diverse areas, such as economics, computer engineering (and) field business,” the working group said in an announcement this week.
The organization added it would invite experts from numerous areas beyond the technology sector including prosecutors, judges, professors and other industry experts to carry out academic and legal studies of the technology as well as proposing legislation for regulating the crypto and blockchain sector domestically.
The new collaborative society comes to the fore at a time when South Korea’s government announced a 1 trillion won budget ($918 million) for a big push in developing big data, AI and blockchain technology in 2019.
South Korea’s Ministry of Science and ICT is also promoting blockchain education within Korea’s youth, proactively encouraging and training young graduates and students to understand the decentralized technology.
Earlier this month, the Financial Supervisory Service (FSS) – the country’s financial watchdog – threw its support in backing blockchain technology to fundamentally power stock trading without a centralized ledger. Korea’s shipping industry has also held a successful 7-month pilot of imports and exports from Korean shipping ports on a blockchain developed by Samsung SDS, the IT subsidiary of electronics giant Samsung.
TRON (TRX) Long-Term Price Forecast- February 17
TRX/USD Long-term Trend: Ranging
Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600
Tron long-term outlook remains in a range-bond market. The bears return predicted in last week analysis remained strong within the range. The two EMAs were broken as the bears continue the downward journey.
TRXUSD dropped initially to $0.02448 and later to $0.02360 in the demand area. This was the low of the week on 14th February.
With price below the two EMAs crossover and the stochastic oscillator signal in the oversold region pointing up at 8%. It suggests a minor push to the upside before downtrend continuation within the range.
TRXUSD is in consolidation and trading between $0.02881 in the upper supply area and at $0.02142 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.
New Ripple Insights Post Shows New Generation Of Blockchain Workers Getting Support From Fundação Getúlio Vargas In Brazil
New Generation Of Blockchain Workers Receives Necessary Support And Education From Fundação Getúlio Vargas In Brazil
Blockchain technology is growing every day, and the only way to keep up the pace is to have new developers learn the technology and seek out ways to improve it. However, before that innovation can happen, the industry needs more people that understand blockchain technology, which is what Sao Paulo’s Fundação Getúlio Vargas (FGV) is working towards.
FGV is one of the leading universities in Brazil, and they offer the University Blockchain Research Initiative, which was recently developed by Ripple. Professor Riccardo Rochman of the university spoke with Ripple on a recent issue of their Insights blog to discuss the way that their Crypto Master’s Program is readying blockchain entrepreneurs and leaders for the future.
The topics of blockchain and cryptocurrency are necessary research topics in Brazil, considering the role they play in the evolving economy. In Rochman’s opinion, blockchainhas the potential to overthrow the current protocols that exist in business and economics, ultimately empowering the people of Brazil.
Presently, the Brazilian Development Bank (BNDES) uses blockchain and a proprietary cryptocurrency as a way to fund local businesses. Considering this use case, Rochman pointed out that the new paths being made for blockchain technology will make the environmentally friendlier and needier of the new workers and entrepreneurs with a fresh take of the fintech.
A major part of this future vision is UBRI, which Rochman says is helpful in bringing in more students to the program. In fact, he has noted that there has been an increase in the number of research proposals on blockchain, along with new dissertations.
With the funding, FGV has been able to work with private firms as well. They have also been responsible for the networking that has been set up with other UBRI-funded universities. The cooperation of these networking relationships is now is what will pivot the blockchain community forward. Last year, Rochman even was part of the launch of the Master’s Degree in Crypto Finance, which had never been done before now.
When the program originally began, there were about 20 that enrolled in the first course that they made available, while 250 joined the Master’s Program. The numbers have grown exponentially since then, and there have been many new students immediately enlisting in the program. Rochman views the work that the university is doing as a way to change Brazil and eventually the rest of the world.
Glitch Goons Is The Newest And Hottest Blockchain Powered Game In Town
One of the first multi-blockchain technology supporting mobile games of its kind, Glitch Goons is a definite win when it comes to blockchain technology progressing. It features very futuristic elements such as a “vaporwave saturated atmosphere” and insane cyborg slash animal slash human characters engage in glorious battle to survive on a dying world.
The game which was released in late 2018, supports a wide variety of crypto technology. supporting a whole range of cryptocurrencies.
The premise of the game is simple. It is set on Earth in the year 2690 where nuclear war has resulted in most species being wiped off Earth. Now the survivors live underground where life is hard due to a lack of oxygen and water. In order to survive, they must battle other survivors in order to make it to a newer colony on a distant planet called Garthorix.
To make their way to the transport system called the ‘Transposition Channel that transfers human minds to a selected ‘carrier’s’ body on Garthorix.
This 80’s inspired trailer is giving us major Mortal Kombat and Street Fighter feels, very reminiscent of the popular retro gaming vibe.
The official Glitch Goons website also features a brief look into the backstory and history of the entire realm and also has comics.
This fighting game also allows players to upgrade and customize their characters through cyrpto coins and 1 GC equals around 0.005ETH. Although the game play isn’t the best, the story and the applications of blockchain inspired technology makes this game worth playing.
Other than different characters, players can also buy chests that contain 5 items each, ranging from rare and legendary gear which includes armor, boots, weapons, helmets, pants, jewelry and even modification chips.