#CryptoCorner: Amazon (NasdaqGS: $AMZN) Patents “Distributed Ledger Certification,” DMG Blockchain (TSXV: $DMGI.V) Orders Additional 1,000 Miners
#CryptoCorner: Amazon
(NasdaqGS: $AMZN) Patents “Distributed Ledger Certification,” DMG Blockchain
(TSXV: $DMGI.V) Orders Additional 1,000 Miners
Point Roberts, WA, Delta BC, June 1, 2020 -
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Stocks discussed: (NasdaqGS:AMZN) (TSXV:DMGI)
(NYSE:ACN)
Amazon’s (NasdaqGS:AMZN) patent filing for a “Distributed
ledger certification” was approved by the U.S. Patent and Trademark Office on
May 26, according to a report from CoinDesk. The patent
filing’s abstract reads:
Features are disclosed for an interface for verifiable
tracking of an item through a supply chain using a distributed electronic
ledger. For example, when an item is added to a catalog system, the item
information may be included in the creation element at the start of the ledger
for the item. A certification authority may be included to verify that items
received correspond to the item included in the catalog based on one or more
certification rules. If a certification rule is satisfied, a record may be
added to indicate transfer of the item from a provider to the catalog system.
The certification information may be dynamically presented with item
description information such as in response to searches of the catalog system.
Crypto mining
hardware giant Bitmain announced the launch of its Antminer T19 in an official blog
post
today. It is the third model in the company’s next-gen Antminer 19 series. Riccardo
Mori, a Venezuela-based miner, told Cointelegraph:
“With the introduction of the T19 we can expect the
network hashrate to substantially rise and consequently the mining difficulty
to rise as well. This will lower the profitability and extend the expected ROI
time once again.”
DMG Blockchain
Solutions Inc. (TSXV:DMGI) recently ordered an additional
1,000 M30s miners. The press release indicates that “this deployment will
increase DMG’s latest mining technology to 110 petahash,” and that it has added
“90 petahash towards its stated 2020 year-end goal of 500 petahash of
self-mining.” The company’s CEO, Dan Reitzik, explained:
“Our stated goal for self-mining in 2020 is 500
petahash of [the] latest ASIC mining
technology. This deployment will add approximately 90 petahash to our existing
fleet. We will continue to deploy more self-mining as opportunities arise. The
new fleet is expected to be energized by mid-June 2020. The recent volatility
in Bitcoin (“BTC”) prices demonstrate why industrial miners need to constantly
deploy the most efficient technologies. Our newest miners are very efficient,
even at the current depressed BTC price.”
Cointelegraph reports that a
white paper from the Digital Dollar Project – a partnership between Accenture (NYSE:ACN) and former
leaders of the Commodity Futures Trading Commission (CFTC) – has been
released, which lays out potential applications of a USD-based central bank
digital currency (CBDC). In addition to discussing various use cases for such a
currency, former CFTC fintech office head Daniel Gorfine characterized its
potentially decentralized structure to Cointelegraph:
“Relying primarily on the private sector and regulated
banks and money transmitters seems like a much better approach. Public solutions would only make sense if
there are remaining gaps and problems to solve for. [...] If you think about
the way the Fed developed, it was attempting to decentralize the federal
banking system and related policy decisionmaking.”
Sam
Mowers, Investorideas
For
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