BlockChain Report 11/20: Microsoft Releases Blockchain Development Kit
Welcome to The Blockchain Report, your daily rundown for the latest in crypto. Today: Microsoft released a Blockchain Development Kit On Azure.
According to Cryptovest, Microsoft has decided to release a software development kit for Azure. Azure is an online cloud computing platform that allows developers to manage and test applications using Microsoft’s data centers. The blockchain development kit will enable enterprises to develop distributed ledger technology (DLT) for different use cases and integrate it with current data and legacy systems.
Microsoft first released a set of DLT tools called Azure Blockchain Workbench. These tools have already been used by a variety of companies, including China Binary Sale Technology. Marc Mercuri, Microsoft’s principal program manager, says that the new kit extends the features of Azure Blockchain Workbench.
The new blockchain kit will allow developers to build and integrate blockchain solutions in a matter of days. The kit focuses on the Internet of Things, SMS, and voice systems.
Next up, South Carolina University is now offering students a Digital Diploma on the blockchain. According to The Post And Courier, the East Coast Polytechnic Institute (ECPI) is now offering their graduating students the ability to receive their diploma digitally using the blockchain. Prospective employers will also be able to view this digital diploma to verify that the student actually graduated.
The school uses Blockcerts, a mobile app that allows people to view the digital diploma. The main purpose of this program is to reduce the amount of diploma fraud that occurs, which is something that employers have started to struggle with lately. When job candidates falsify their academic records, it can give a false impression to potential employers about the type of person that the job candidate is.
Need a diploma? There’s an app for that.
KPMG says cryptocurrency still isn’t a store of value.
According to Bitcoinist, KPMG reported that while the blockchain industry appears to be growing and maturing, they still do not serve well as a store of value. KPMG stated these findings in a report called Institutionalization of Crypto-assets. In the report, KPMG states that Bitcoin and other cryptocurrencies are not yet useful as currencies because of a lack of trust in digital assets, as well as massive volatility and scalability issues.
KPMG chief economist Constance Hunter believes that “more participation from the broader financial services ecosystem will help to drive trust and scale for the tokenized economy.” The report also states that while retail investors can be important, it is important for institutional investors to begin investing in cryptocurrency for the industry to thrive in the future.
So far, many cryptocurrency companies have floundered or ignored financial regulations. KPMG states that new regulations should be created to deal with cryptocurrency and blockchain, as current regulations are not suited to handle most cryptocurrency cases.
And finally on today’s show, EOS and Tron collectively are 82% of all crypto transactions.
While cryptocurrency prices across the board fall to lows, transactions, on the other hand, are reaching all time highs. With data obtained from Blockchain center, AMBcrypto reports that on-chain transactions for all of crypto have surpassed 522.119 million, made by 1.357 million users.
The EOS network’s transactions this year peaked a 468.08 million, and TRON’s peaked at 78.543 million. Bitcoin’s peak this year? 24.25 million.
While Tron and EOS together only contribute to 4.5% of total addresses taking part in transactions, they take up 82% of all cryptocurrencies. Opposite them is the coupling of Bitcoin and Ethereum, which together only take up about 9.5% of transactions.
Thanks for watching The Blockchain Report with your host Taylor Nikolai. If you want to stay up to date on all the latest crypto news and trends, be sure to follow us on Instagram, @BlockchainReport. We’ll see you tomorrow.