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Microsoft’s Daniel Buchner says open public blockchains are the most viable options to achieve decentralization

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With Bitcoin breaking into the mainstream space, the latest WhatBitcoinDid interviewfeatured a discussion with Microsoft’s Daniel Buchner to identify the company’s outlook towards blockchain, open source, and its mass adoption.

Buchner detailed Microsoft’s vision to decentralize user identity and claimed that “open public blockchains” are the most viable options to achieve the same. He also stated that “decentralized money and decentralized identity go hand-in-hand in solving problems,” but only if implemented without imposing undue weight on the blockchain.

Moreover, Buchner also explained how market-type services that require some kind of centralized entity could gather user data through voluntary disclosure. In fact, Microsoft’s Project Ion would not display any personal information, ensuring no compromise on sensitive information, he added.

The discussion also uncovered Microsoft’s future plans of “implementing new cryptographic schemes for recovering secrets.” Supporting this move, Buchner said,“Privacy is important so but at the same time it has to be super easy. Decentralizing entities is your choice, and we just want to make sure that people have that choice.”

While further discussing Microsoft’s intention to enable total decentralization, he also added that the company’s sole motive was to reduce the overall complexity of every individual involved in it. It is clear that Microsoft has not yet found any other crypto-related applications, but is actively looking for places to find “a good fit” for.

While concluding the interview, Buchner said that he does not care about miner’s fee until the whole layer has completed its development and execution. Further, Microsoft expects the rise of an ecosystem of companies that will leverage Microsoft’s technology as the base to enable further decentralization.

Source/ambcrypto

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Rhode Island is exploring blockchain technology to improve state operations

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  • The idea can only be initiated after the state approves the request for proposal (RFP).
  • A technical evaluation committee will review the RFP.

Rhode Island has issued a request for proposals (RFP) to explore the possibility of blockchain technology incorporation for government use. Liz Tanner, Director of the Department of Business Regulation, stated that she believes that blockchain can bring modernization in the government and would make bureaucracy in the state more efficient. Apparently, they are not looking for specific solutions, but are just intrigued by its possibilities. A memo following the RFP states: 

“Suggested areas of application… include antifraud, contracts, medical marijuana, records, notarization, registration and licensing, investigative evidence control and more.”

Brenna McCabe, director of public affairs for the Department of Administration in Rhode Island, told Government Technology that it will allure more bidders who are required to submit two proofs of concept for blockchain application. The idea can only be initiated after the state approves the RFP. The memo also states:

“With proofs of concept, [Rhode Island] can gain a better understanding of the maturity of blockchain technologies and platforms, as well as potential sustainability in state government operations.” 

A technical evaluation committee composed of staff from various state agencies will review the RFP. However, McCabe admitted that they face significant hurdles from laws, regulations and licensing structures that would require changes to allow for blockchain use.

source:.fxstreet

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Government and financial regulators in Brazil exploring use of Blockchain

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  • Brazilian authorities are keen to adapt to new emerging technologies, such as blockchain.
  • The Central Bank of Brazil, the Securities and Exchange Commission (CVM), the Superintendence of Private Insurance (SUSEP), and the Ministry of Economy’s Special Secretariat for Finance are working together

The government and financial authorities in Brazil are working on a project for the development of a regulatory sandbox type model. They are keen to target new technologies such as blockchain.

In terms of the authorities; the Central Bank of Brazil, the Securities and Exchange Commission (CVM), the Superintendence of Private Insurance (SUSEP), and the Ministry of Economy’s Special Secretariat for Finance are working together to ensure they adapt to tech such as blockchain, exploring how it is affecting the financial industries within the country.

The CVM detailed that the project implies that emerging technologies in the likes of; blockchain, robotics and AI have facilitated the establishment of new business models. They of which have been able to come up with new products and services of higher quality and scope.

source:fxstreet.

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Rhode Island Looks to Adopt Blockchain For Government Use

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Rhode Island issued a request for proposals aimed at exploring the viability of blockchain technology to improve state operations. This comes on the heels the state relaxing certain security laws for blockchain businesses.

Is the second-most dense state by population looking to become a hub for the crypto industry?

Director of the Department of Business Regulation Liz Tanner said in a statement she believes blockchain represents the modernization of government and would enable bureaucratic efficiency in the state. She also said Rhode Island’s initiatives were inspired by the adoption of blockchain by overseas governments.

The request for proposals is not looking for specific answers to specific problems, but is keeping an open mind to the possibilities of the emerging technology. A memo following the RFP states, “Suggested areas of application… include antifraud, contracts, medical marijuana, records, notarization, registration and licensing, investigative evidence control and more.”

Brenna McCabe, director of public affairs for the Department of Administration in Rhode Island, told Government Technology that this long list of possible applications is meant to entice more bidders, all of whom are required to submit two proofs of concept for blockchain application.

McCabe said state officials did not want to stifle the ingenuity of the industry by limiting the scope of the RFP.

It’s only after the state receives proposals that they can conceive of what the technology offers. “With proofs of concept, [Rhode Island] can gain a better understanding of the maturity of blockchain technologies and platforms, as well as potential sustainability in state government operations,” the memo stated.

The proposals will be reviewed by a technical evaluation committee composed of staff from various state agencies. “The initial contract period is estimated to begin Aug. 13 for a time period determined by the winning bid(s),” according to the RFP.

Anticipated problems will stem from laws, regulations and licensing structures that would require changes to allow for blockchain use, said McCabe. Though state leaders will have a better idea of what needs to be tweaked once proposals are reviewed.

source:coindesk.

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