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      "body": "COINTELEGRAPH\n(https://steemitimages.com/DQmUsBtrJCXgxDdUw3VRExsQ1Pzxb3uRneBQ3uNT9T48ocD/image.png)\n\nCryptoKitties, the Ethereum-based virtual collectible game developed by Blockchain startup Axiom Zen, has raised $12 mln in funding from a group of investors, led by two top venture capital firms Andreessen Horowitz and Union Square Ventures, as reported by CryptoKitties’ Medium account on March 21.\n\n \nCryptoKitties (谜恋猫)\n@CryptoKitties\nCryptoKitties has raised $12M to make the blockchain purr. https://medium.com/cryptokitties/cryptokitties-receives-12m-in-funding-38322f90ab65 …\n\n6:54 PM - Mar 20, 2018\n\nCryptoKitties receives $12M in funding – CryptoKitties – Medium\nCat’s out of the bag\n\nmedium.com\n136\n47 people are talking about this\nTwitter Ads info and privacy\nBoth venture capital firms also invested in cryptocurrency exchange and wallet Coinbase. Andreessen Horowitz was also one of the early Facebook believers, and Union Square was an early Twitter investor, according to Fortune.\n\nOther investors in CryptoKitties include such big names as AngelList founder Naval Ravikant, former Coinbase co-founder Fred Ehrsam, BitFury Head Of Strategy Committee Bill Tai, and Zynga founder Mark Pincus.\n\nLaunched on Nov. 28, 2017, CryptoKitties game became the largest decentralized application (DApp) based on Ethereum on Dec. 4, when the DApp’s smart contracts amount reached as high as 13.94 percent of Ethereum’s transaction volume over 1,500 blocks, even causing network congestion.\n\nCryptoKitties lets users create and breed virtual cats, storing the digital genetic material on the Blockchain. Then, users can buy and sell the cats using the ETH cryptocurrency, which means users have to buy Ethereum in order to play. Two months after the game was released to the public, the ETH increased by over 152 percent, from $469 on Nov. 28 to $1185 on Jan. 28. ETH is currently trading at $556, according to the Cointelegraph Ethereum price index.\n\nBlockchain technology is changing the gaming industry, bringing more Blockchain-backed games based on different networks, such as card game Spells of Genesis based on the Bitcoin (BTC) Blockchain, and Beyond the Void, based on Nexium (NXC), the token of gaming ecosystem Nexarium. Reddit user BlockchainGame created a list of released and upcoming Blockchain-based games that is already 62 games long.",
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      "body": "COINTELEGRAPH\n(https://steemitimages.com/DQmQaFabeQ7US8XDaKRDmM91rwdbtwsc2crzQkAXbSH4Fn7/image.png)\n\nMajor US crypto wallet provider and exchange service Coinbase has rewarded a Dutch company with a $10,000 bounty after it discovered a smart contract glitch allowing users to steal “as much as they want” in Ethereum (ETH), according to a report made public today, March 21.\n\nThe issue, which VI Company reported to Coinbase December 27 of last year, revolved around exploiting a smart contract that involved a faulty wallet.\n\nUsers were technically able to credit themselves with unlimited ETH funds. “By using a smart contract to distribute ether over a set of wallets you can manipulate the account balance of your Coinbase account,” VI Company described in the report, continuing:\n\n“If 1 of the internal transactions in the smart contract fails all transactions before that will be reversed. But on Coinbase these transactions will not be reversed, meaning someone could add as much ether to their balance as they want.”\n\nCoinbase has faced continued technical difficulties for almost a year. Since a mass influx of new users in mid-2017, the US’ largest exchange and wallet provider’s technical capabilities have been stretched, resulting in delayed and missing funds, system outages and other problems.\n\nDespite promises to beef up performance, the reaction to a bug that could technically have drained billions of dollars in cryptocurrency is telling; Coinbase only fixed the issue a month after the original report on January 26.\n\n“Analysis of the issue indicated only accidental loss for Coinbase, and no exploitation attempts,” it wrote as part of its commentary.\n\nLoopholes of this type have previously affected major businesses interacting with cryptocurrency. In January, Cointelegraph reported on a website glitch at Overstock.com, which allowed users to pay and request refunds in either Bitcoin (BTC) or Bitcoin Cash (BCH), resulting variously in huge savings or huge profits. Overstock uses Coinbase’s merchant integration API.",
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      "body": "Congratulations @halb! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png)](http://steemitboard.com/@halb) Award for the number of upvotes received\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\n\nTo support your work, I also upvoted your post!\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> Upvote this notification to help all Steemit users. Learn why [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "body": "(https://steemitimages.com/DQmc7dnzgTxwodKomxRFxzZk4yBNMzrgREbq36Ve35qURUV/image.png)\n\nA peer-to-peer online learning platform is gearing up to bring the “out of date” education sector into the 21st century by becoming a one-stop shop for tutors and students.\n\nBlockchain-based NTOK says its ecosystem helps to fundraise education and removes geographical hurdles for teachers and pupils – and will offer a high-quality learning environment furnished with textbooks and courses from prominent publishers.\n\nThe concept is already being put to the test, with an Alpha version of the platform being used as an online English language school. NTOK executives say they are obtaining “rapid feedback” from users so extra features can be developed.\n\nAlthough the company is planning to specialize in foreign languages, other offerings will include pre-school education, supplementary learning for primary and secondary school students and courses in coding and Blockchain.\n\nA growing market with growing pains\nAccording to a report by Research and Markets, the global private tutoring market is forecast to grow at a compound annual rate of 6.7 percent between 2016 and 2020.\n\nIn theory, this means greater choice for students and greater demand for tutors – but NTOK argues that inadequate infrastructure and a continued emphasis on offline learning is stymying potential.\n\nThe company claims some students are spending hours a day travelling to private lessons on top of their school commitments. Meanwhile, the lack of a dependable online system means there is an imbalance in supply and demand, with qualified tutors in rural areas unable to offer their services to families in bigger cities.\n\nUntil now, affordability has also affected access to tutoring. Hourly rates are often inflated by middlemen who connect students with teachers, rendering extra support off limits to people from low-income households and making it harder for tutors to pay their bills.\n\nNTOK believes its ecosystem will take commercial study centers out of the equation and estimates this could bring lesson costs down by 75 percent, with its white paper adding: “In NTOK, every student can find a tutor and every tutor can find a student.”\n\nAlthough hourly rates would be brought down through the ecosystem, NTOK says tutors will have several revenue streams at their fingertips. The platform will allow specialists to sell pre-recorded lessons, and it hopes educational publishers will pay tutors to experiment with new teaching resources.\n\nTokens, testimonials and technology\nNew Tokens Of Knowledge (NTOK), on the Ethereum Blockchain, will be used for payment on the platform and tutors with larger balances are going to be rewarded with higher search rankings.\n\nNTOK claims the feedback systems of many direct and indirect competitors are often moderated, with negative reviews removed. Like other Blockchain start-ups, the company hopes its system will stop feedback from being manipulated – allowing students to make informed decisions. To protect tutors, their overall rating will be based on an average for the past 30 days, preventing one bad score from disproportionately dragging down their reputation.\n\nThe development of study areas has been a big focus for the company, with users being offered interactive whiteboards, file sharing, and connections for audio and video calls which deliver “better quality than Skype” – the software commonly used for tutoring at present.\n\nNTOK’s platform will champion the idea of “tokenizing talents,” where students can buy tutor hours in bulk at a fixed price – preventing services from getting more expensive in the future. The company says this also allows tutors to “pre-finance their personal development.” It believes this concept will help evolve the current business and existing operations into a “three-level Blockchain infrastructure for continuing, lifewide education.”\n\nThe tick-tock on NTOK\nFuture developments could include the sale of equipment to aid learning, including tablets and earphones for simultaneous interpretation.\n\nThis effort to overcome linguistic hurdles ties in nicely with NTOK’s plan for growth. China, South Korea and Japan are priority markets for its first three years of operation. Spanish-speaking countries will follow, as well as the US and UK.\n\nBacked by a team of seasoned tutors, software engineers and entrepreneurs, NTOK’s ICO ends on April 15. 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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.newsbtc.com/2018/03/19/betting-market-opportunity-perfect-niche-blockchain-cryptocurrency/",
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      "body": "(https://steemitimages.com/DQmZ3SNJ54ocd3Ze4TaDCQKmnT244cUsK6afnbkSmVdRjDd/image.png)\n\nSports betting market, in general, is massive. According to different reports, there are over a trillion USD worth of bets placed annually. In 2016 alone, legal sports betting profits are estimated to be at over 70 billion dollars and this figure is set to reach 90 billion dollars this year. Different kinds of ICO’s (Initial Coin Offerings) are bringing worldwide competition to the betting market, leaving regular gambling organizations in a fear of losing clients. Having all of this in mind, one question still remains – how could blockchain and cryptocurrencies help these regular betting platforms and increase the overall stability for bettors?\n\nIllegal betting – a huge loss for the betting market\n\nAccording to an NBA commissioner Adam Silver, around 400 billion dollars in bets are placed illegally in the USA alone. More than $3.6 billion was wagered on sports at Nevada sports books in 2013. The American Gaming Association, citing the National Gambling Impact Study, estimates that as much as $380 billion is wagered illegally in the U.S. annually.\n\nSilver once wrote a 2014 New York Times op-ed piece titled “Legalize and Regulate Sports Betting,” in which he argued for the eradication of the Professional and Amateur Sports Protection Act of 1992, which limited the vast majority of government-regulated sports gambling to Nevada. “I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated.” – says Adam Silver.\n\nAlso, while betting illegally, the bettor might lose his money even while winning. Though most bookies do end up giving the payouts – they have to do so to remain in business – but there is always the chance of someone refusing to pay up if a bet goes drastically wrong. There is no channel of appeal for a gambler who has lost the money as the bookie is their only contact and they cannot go to the police for obvious reasons.\n\nFinally, given the spread of match-fixing, the gamblers never know if they are being enticed into a making a bet, the outcome of which has already been decided to be against them. Because of this, bettors might lose money not because they lost, but because of an arrangement between two facing teams.\n\nCryptocurrency – faster and safer betting experience\n\nWith the use of blockchain, cryptocurrency provides the speed and anonymity that has made it ideal for people looking to wager safely and has given sports gamblers an alternative to traditional online books. The speed of cryptocurrency transactions makes using cryptocurrency sportsbooks a much safer option to everyone than traditional sportsbooks. You can deposit, wager, withdraw, and have your money back in an immediate control.\n\nThis is made possible by the blockchain. Since the network handles transactions at such low cost, operators are saved the headache of managing players’ cash.\n\nIn conclusion, betting market can become much more stable and faster with the help of blockchain and cryptocurrencies.\n\neSports – an extremely popular betting niche with no regulation\n\nIn recent years and months, more and more attention has been focused on cryptocurrencies and blockchain technologies. eSports has also seen a surge with 40% growth in 2017, making the industry a perfect fit for blockchain technologies.\n\nBlockchain and cryptocurrency offer a number of opportunities to revolutionize the eSports industry. Transactions on blockchain are safe and transparent, fees are decreased, and payment processes are faster. The popularity of cryptocurrency attracts greater user base and funds into digital gaming platforms, as well. And of course, cryptocurrencies were first traded on an exchange built for trading gaming cards, called “Mt. Gox”. Gaming was the first place for the widespread use of cryptocurrencies through micro-transactions.\n\neSports betting got popular because of betting sites allowing people to bet on matches using virtual items (skins). This kind of betting could be done by anyone, with no regulations. Two years ago, Mohamad “m0E” Assad admitted the practice of rigged bets on stream in an effort to promote the dice gambling platform. Basically, Assad bets on a dice result which has been given to him prior to the “roll.”\n\nThe scandal didn’t directly concern the Counter-Strike competitive environment. No competition of Counter-Strike was involved, but it still shows the two main problems in the eSports betting scene – the whole betting process is not regulated, which means that anyone at any age could bet using these virtual items and, at any point, sell them for real money.\n\nMarginless – a new way of betting\n\nThere are a lot of problems in the betting world right now – high fees, limitations for winning players, long payouts and limited options for people who want to bet on different niches other than regular  sports. Because of all the upsides that cryptocurrency and the Blockchain could bring to the betting market, more and more start-ups are using cryptocurrency instead of regular fiat money to allow users a faster and safer way of wagering. This year, a new ICO (Initial Coin Offering), named Marginless, is creating a new platform for users who are tired of these mentioned problems.\n\nMarginless is a fast, safe and reliable platform where anyone can create their own bets, post and follow regular betting analysis and receive industry-leading, lowest fees.\n\n“Marginless will bring the good old times where individuals will have an opportunity to place a wager against other people directly on almost any sport or other activity. Friends, colleagues and many other sports lovers will be able to get back the control of their bets and place them against a real person. Cleverly developed algorithms seem to rule today’s betting industry, however, the decentralized approach of newly forming blockchain technology-based solutions will change the way we live – making financial transactions, buying products and… betting. At Marginless you can not only bet on sports but create your own bets in different kind of niches.” – says Marginless CEO Lukas Jonaitis.\n\nMarginless betting platform is driven by MGS tokens, which means that in the whole betting process, Fiat currency is not used at all. The use of Tokens and AltCoins as a reward for betting gives you a complete, secure and lightning fast reward payment in Tokens or AltCoins. Blockchain lets you confirm payouts immediately and payouts will be processed in a couple of minutes depending on what kind of AltCoin as a payout option is chosen. Our wallet lets you keep your betting assets in more than 30 different AltCoins. You will have a possibility to deposit or withdraw AltCoins as well. Marginless partners will integrate a possibility to purchase AltCoins or Tokens directly from our Marginless platform in a safe and quick environment.\n\nAlso, Marginless is hosting a raffle for a brand-new BMW X6 vehicle. For more info, visit Marginless website – http://www.marginless.io.\n\nBright future for betting…\n\nAlthough there are problems in the betting world right now, like illegal wagering, long winning payouts, and insanely high fees, because of cryptocurrency and the blockchain the future of betting seems to be fairly bright.\n\nBecause of betting exchange projects like Marginless, the potential of cryptocurrency and blockchain is being used at its maximum, allowing users the ability to bet fast, safe and with almost no fees in whole the process. Cryptocurrency and blockchain is the future of betting and the faster we will start using it, the better.\n\nDisclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.",
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      "body": "(https://steemitimages.com/DQmZ3SNJ54ocd3Ze4TaDCQKmnT244cUsK6afnbkSmVdRjDd/image.png)\n(https://steemitimages.com/DQmVBtSxg3pEQh11nJUuHgAaPMeNMS2wVdsJkxRzSvcDL3o/image.png)\nTHOMAS DELAHUNTY • MAR 19, 2018 •  \n\nIn the latest move by the U.S. government to restrict the Maduro regime’s access to capital, President Donald Trump has issued an executive order banning any transactions within the U.S. involving “any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018.” This ban is most likely aimed at the Petro.\n\nThe order applies to U.S. citizens as well as any person within the United States. According to Russ Dallen, managing director at Caracas Capital, “it’s a pretty big blow” for the country.\n\nVenezuela launched the oil-backed Petro cryptocurrency in February in attempts to help pull the country out of a continuing economic crisis where inflation is estimated to spiral to 13,000% later this year. Venezuelan President Nicolas Maduro said each Petro token would be backed by one barrel of the state’s oil. Maduro also said roughly 100 million petro tokens would be issued — estimated to be worth around $6 billion.\n\nU.S Moves\nLast August, the Trump administration barred the trading of new debt issued by Venezuela’s government and its state-owned oil company in U.S. markets amid deteriorating humanitarian conditions in the nation. Treasury Secretary Steven Mnuchin said at a news conference following the announcement that the order was, as expected, meant to restrict the Venezuelan government’s access to capital.\n\nPresident Trump has also said he would not rule out a “military option” in Venezuela as the Maduro regime consolidates power:\n\n“We have many options for Venezuela, including a possible military option, if necessary,” Trump told reporters, also last August.\n\nFast forward to today, the U.S. government has been weighing sanctions on Venezuela’s all-important oil sector before the nation’s presidential election on May 20th. Further sanctions could be a potentially crippling blow to the Maduro government, which depends almost exclusively on oil sales to sustain what’s left of the country’s economy.\n\nThe Organization of American States & the Summit of the Americas\nAccording to Mike Pence’s office, the Vice President will further pressure Maduro’s government in a speech Wednesday to a session of the Organization of American States:\n\n“The Vice President will call on all members to increase pressure on the Maduro regime to restore the country’s democracy and address the humanitarian crisis unfolding in Venezuela,” Pence’s spokeswoman, Alyssa Farah, said today in a statement.\n\nPresident Trump himself plans to attend the Summit of the Americas in Lima next month, where his administration is likely to highlight its efforts to isolate the Venezuelan government.",
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      "body": "https://www.newsbtc.com/wp-content/themes/newsbtc2018/images/newsbtc_logo.png![]\n(https://steemitimages.com/DQmQPDoMjsUCYmYPmc3jQfjucJfLAMp9Y6X61Mo3ujf9QiD/image.png)\nRICARDO ESTEVES •  \nThe Financial Stability Board (FSB), the body that coordinates financial regulation for the G20, resisted calls from some members to regulate cryptocurrencies.\n\nG20 Regulatory Body Rejects Regulating Cryptocurrencies\nToo little consensus was found during the Financial Stability Board (FSB) meeting to pursue radical action toward the cryptocurrency world. Mark Carney, Governor of the Bank of England and current Chairman of the FSB, said in a letter:\n\n“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time.”\n\nCarney, however, was explicitly in favor of regulation in a speech earlier in March: “A better path, I suggest, would be to regulate elements of the cryptocurrency ecosystem to combat those illicit activities, promote market integrity, and protect the safety and soundness of the financial system. Indeed, the time has come to hold the crypto asset ecosystem to the same standards of the rest of the financial system.”\n\nNow, the FSB Chairman suggested that whoever succeeds him would lead a financial watchdog more focused on reviewing rules rather than pushing through new standards. Carney will stand down next year.\n\nResistance to regulation from the leading central bankers and finance ministers is a new trend ever since U.S. President Donald Trump ordered American regulators to scale back on it. The FSB now presents itself as an open, disciplined and efficient body which has scrapped a quarter of its working groups.\n\n“As its work to fix the fault lines that caused the financial crisis draws to a close, the FSB is increasingly pivoting away from the design of new policy initiatives towards dynamic implementation and rigorous evaluation of the effects of the agreed G20 reforms.”\n\nIn a hearing at the U.S. Congress last week, Coinbase’s CLO Mike Lempres said there is no need for further regulation, but more clarity regarding the roles of the financial watchdogs.\n\nIn the meantime, the Winklevoss twins are about to create a self-regulatory body for cryptocurrencies, ‘Virtual Commodity Association’.\n\nIn February, the ECB’s Chair of the Supervisory Board Daniele Nouy told CNBC that regulating cryptocurrency is “not exactly very high on its to-do list”. Europe has no cryptocurrency regulation and Bitcoin does not pose a threat to the Euro, in the eyes of the European Central Bank. Mario Draghi, Governor of the ECB, said Bitcoin isn’t mature enough to be regulated.\n\nThe cryptocurrency world may have started about ten years ago, but there’s still much room for improvement in its underlying technology. The last thing this new industry needs is regulation that harms its potential to change the world as we know it. The new paradigm may be a reality in five years time if regulators don’t press too hard.",
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      "body": "https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZjhjMDI0YzU0ZDZmMWQxMjQ3ODU5ZDViOTcwYjRkNi5qcGc=.jpg![]\nIBM announced today, March 19 that the world’s smallest computer – its dimensions less than a grain of salt – will use Blockchain technology and soon be “embedded into everyday devices”.\n\nIn a summary of its annual 5 in 5 report, in which IBM details what technological innovations could occur within the next five years, IBM Research Head Arvind Krishna gave the lead to a Blockchain implementation.\n\nThe announcement comes on the first day of the IBM Think 2018 conference in Las Vegas.\n\n“Within the next five years, cryptographic anchors — such as ink dots or tiny computers smaller than a grain of salt — will be embedded in everyday objects and devices,” he wrote.\n\n“They’ll be used in tandem with blockchain’s distributed ledger technology to ensure an object’s authenticity from its point of origin to when it reaches the hands of the customer.”\n\nThe release marks a further step in IBM’s now several-year journey into Blockchain experimentation.\n\nIn an increasingly competitive market for supply chain security, IBM’s nanochip will have the same computing power as an equivalent, much larger one from the early 1990s.\n\nThis will nonetheless allow it to perform data handling on the required scale, various sources report, including to “monitor, analyze, communicate, and even act on data.”\n\nIn January 2018, IBM and Maersk finally launched the much-touted Blockchain supply chain operation, which had been in the pipeline for over a year.\n\nAt the same time, the company announced it was investing in a dedicated fund for financing Blockchain startups.",
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      "body": "NEWS\nWolfie Zhao  Mar 19, 2018 at 03:00 UTC\n\nAn international group of central bank regulators and government ministers said Sunday that cryptocurrencies don't pose a risk to global financial stability, comments that come on the eve of talks on the subject by the G-20.\n\nIn a letter published on March 18, Financial Stability Board chairman Mark Carney, who also leads the Bank of England, said that the organization doesn't see the tech as a threat - at least at this juncture.\n\nCarney wrote:\n\n\"The FSB's initial assessment is that crypto-assets do not pose risks to global financial stability at this time. This is in part because they are small relative to the financial system.\"\n\n\"Even at their recent peak, their (cryptocurrencies) combined global market value was less than 1% of global GDP,\" he continued. \"In comparison, just prior to the global financial crisis (in 2008), the notional value of credit default swaps was 100% of global GDP.\n\nTheir small size, and the fact that they are not substitutes for currency and with very limited use for real economy and financial transactions, has meant the linkages to the rest of the financial system are limited.\"\n\nWhile the note is mostly in line with Carney's previous comments on the limited impact of cryptocurrencies on the global financial system, the letter offers a window into where the discussions around this area may head to at the G20 meeting this week. As previously reported, government officials will meet Monday and Tuesday in part to talk cryptocurrencies, an agenda item that has been deemed \"important\" in a bid to reach a \"common response\" to regulation.\n\nAs acknowledged in Carney's letter, a number of major countries - France, Japan and the U.S. among them - have called for a unified response to speculation around cryptocurrencies. Most recently, Japanese officials reportedly expressed interest in joint efforts around money laundering.\n\nIndeed, some of those calling for action seem to share Carney's assessment as well. As previously reported, U.S. Treasury Secretary Steve Mnuchin - who supports an international approach to regulation - has said in the past that he doesn't view cryptocurrencies as a threat to financial stability.\n\nMark Carney image via Shutterstock",
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      "body": "https://www.newsbtc.com/wp-content/themes/newsbtc2018/images/newsbtc_logo.png![]\nhttps://s3.amazonaws.com/main-newsbtc-images/2018/03/18212503/coca-cola-825x510.jpg![](https://steemitimages.com/DQmSkTdnhDqktUEEwmPtYP1o6ZbYWYfWyNFeZjHBf1nD1bq/image.png)Coca-Cola is joining forces with the U.S. State Department and three other organizations — Bitfury Group, Blockchain Trust Accelerator (BTA), and Emercoin — to launch a blockchain-based project that aims to create a secure registry for workers to fight the use of forced labor worldwide. This is the State Department’s first major blockchain project, and serves to reinforce the technology’s growing application for social and humanitarian causes.\n\nThe initiative is set to use blockchain’s distributed ledger technology to create a secure, decentralized registry for workers and their contracts, according to BTA, a non-profit organization involved in the project that focuses on real-world applications of blockchain to deliver social impact. Bitfury Group, a U.S. tech company, with help from Emercoin, will build the blockchain platform for this project.\n\nAs for the State Department, the agency will provide expertise on labor protection. “The Department of State is excited to work on this innovative blockchain-based pilot,” Deputy Assistant Secretary Scott Busby said in an email to Reuters.\n\nFood and Beverage Companies: Forced Labor\nRecently, food and beverage companies have been facing increased pressure to address the risk of forced labor in countries where they obtain sugarcane. A study released last year by KnowTheChain (KTC), a partnership founded by U.S.-based Humanity United, showed that most food and beverage companies fall short in their efforts to solve the problem. According to the International Labor Organization, nearly 25 million people work in forced-labor conditions worldwide, with 47% of them in the Asia-Pacific region.\n\nTo combat this issue, Coca-Cola is playing a major role as part of a pledge to conduct 28 national studies on labor and land rights for its sugar supply chains before 2020. And while this blockchain project is still young, it appears likely it will still represent an improvement over a modern employment system that frequently lets companies abuse workers with relatively little consequence. \n\nDespite Coca-Cola certainly taking a step in the right direction, the project already faces some limits. As noted by Busby, while blockchain can help persuade companies and governments to respect work contracts, it can’t actually force them to respect those contracts.\n\nAlso, blockchain’s digital nature raises some implementation questions, like how do you ensure that workers can access the necessary information when many of those affected might not even have the access to a smartphone or computer?",
      "json_metadata": "{\"tags\":[\"blockchain\",\"bitcoin\",\"ripple\",\"steem\",\"cryptocurrency\"],\"image\":[\"https://www.newsbtc.com/wp-content/themes/newsbtc2018/images/newsbtc_logo.png!\",\"https://s3.amazonaws.com/main-newsbtc-images/2018/03/18212503/coca-cola-825x510.jpg\",\"https://steemitimages.com/DQmSkTdnhDqktUEEwmPtYP1o6ZbYWYfWyNFeZjHBf1nD1bq/image.png\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
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      "parent_permlink": "cryptocurrency",
      "permlink": "coca-cola-and-the-u-s-state-department-teams-up-to-reduce-forced-labour-using-blockchain",
      "title": "Coca-Cola and the U.S. State Department Teams Up To Reduce Forced Labour Using Blockchain"
    }
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  "op_in_trx": 0,
  "timestamp": "2018-03-18T22:12:03",
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    {
      "author": "halb",
      "body": "TY!  I did miss that didn't I.",
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      "parent_author": "thomasinfo",
      "parent_permlink": "re-halb-coca-cola-and-the-u-s-state-department-teams-up-to-reduce-forced-labour-using-blockchain-20180318t214111532z",
      "permlink": "re-thomasinfo-re-halb-coca-cola-and-the-u-s-state-department-teams-up-to-reduce-forced-labour-using-blockchain-20180318t220947906z",
      "title": ""
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  "op_in_trx": 0,
  "timestamp": "2018-03-18T22:09:51",
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