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Ripple (XRP) relaunches Smart Contract Codius. Real Ethereum killer? - Global Coin Report
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Ripple (XRP) relaunches Smart Contract Codius. Real Ethereum killer?

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Ripple is undeniably dominating the cryptocurrency news cycle with announcements of the new partnership, global events, and new products. Their partnership with major financial institutions and banks places them at the leading position of blockchain’s general adoption with traditional corporate giants like Santander, MoneyGram, Standard Chartered, and Western Union utilizing their platform.

Alongside these profitable pursuits, XRP’s recent donation of $50 million to Universities brought a major amount of good publicity to the cryptocurrency industry. Also, their accomplishment towards DonorsChoose.org crowdfunding campaign made it to the famous Stephen Colbert’s late-night show rocking the airwaves.

Despite their successes, Ripple (XRP) team has avoided one blockchain factor since 2015. That blockchain factor is Smart contracts for decentralized applications. Their decision to suspend their original smart contract, Codius, four years ago made sense at the time. The platform did not have a substantial market and lacked standard transactions on the smart contract environment.

Yesterday, former CTO of Ripple, Stefan Thomas, announced the revival of the smart contract platform, Codius, that will be geared towards changing the way sites validate their content.

History of Codius and its Comeback

Smart contracts are creating a lot of buzzes yet many of you have never encountered it in your daily transaction activities. Some say that no valuable real-world merchandise use them, Reason? Many regards it to be too new and too complicated to bother investing time or energy in understanding it.

For a long time, smart contracts have prevailed mostly in writing and thesis despite their inauguration in 2014 to the market. Ethereum’s blockchain has some working examples of this phenomenon, but their technological intricacy holds them back from entering the mainstream, something Stefan Thomas hopes to change. Undoubtedly, if Ripple succeeds in changing that, the crypto will more likely rise as a ‘real’ Ethereum killer.

On Wednesday, Coil corporation, Thomas’s new company, hinted to the media on possessing a product that could make it easy to write and utilize smart contracts at minimum charges.

Thomas describes the product being an operating system for the blockchain naming it Codius.

What is Codius?

Speaking to Fortune, Thomas defined it as,

“Codius is an open source hosting platform available for anyone who wants a secure platform to built or host a smart contract. The same way cloud computing made web hosting more accessible, Codius will make experimentation on the blockchain more widely available because people won’t need to build from scratch.”

The cryptocurrency market now is much different. The market size has grown exponentially for smart contracts which are now a regular attribute of many blockchain platforms. Also, the smart contract is emerging to be an appealing add-on for traditional businesses engaging in blockchain technology.

If Ripple manages to create an easy to use and flawless smart contract platform, they could grow their returns even beyond their already admirable array.

The idea of reviving the platform was floated as early as August 2017 by Ripple’s CTO, Stefan Thomas, but due to the shaky market trends that were faced in the last half of 2017 and early 2018 proved to be difficult to actualize. Now that the market has started to stabilize and normalcy is back, it will make a lot of logical sense for Ripple to consider looking into new product lines.

Consequently, it looks like Codius and Ripple are interdependent. Codius uses Ripple’s interledger as its payment mechanism, which promises to offer Ripple higher returns if the new smart contract gains momentum.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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