We embark on the journey to personality: what does identity mean? How do you get from the analog to the digital identity? Now that we know that our digital identity is made up of a huge amount of data worthy of some Satoshis, the question arises: what are we going to do with it?

The central management of money is a factor that is criticized in the camps of the crypto community again and again. Banks, like governments, have supremacy – they determine (in large part) how much and what money is in circulation. With his proposal to create a digital decentralized peer-to-peer monetary system, the legendary Satoshi Nakamoto created an alternative: Bitcoin.

The blockchain technology behind this revolutionary currency holds even more disruptive potential than the currency itself. In addition to typical fields such as the financial or electoral system, one aspect in particular is increasingly moving into the center of consideration: digital identity. Especially in areas often referred to as “social hot spots”, blockchain can help. Below is a selection of projects that answer the question of how the digital identity comes to the blockchain.

What does US President Donald Trump have to do with your profile? What does identity mean? How do you get from the analog to the digital identity? What’s next?

Donald Trump and your Facebook profile: After big leaps and bounds we are suddenly in the near past and almost in the present. After we have clarified that identity has long since ceased to be considered something identical, but much more than something fragmented, the search for clues to this intangible construct continues. So let’s venture into the infinite expanses of the web and search for the (digital) shreds of identity.

Especially in terms of decentralization, the Internet offers many opportunities for fragmentation. Not only between different online identities, but also between online and offline identities. However, one by one.

The Dutch crypto company Bitfury is known as a manufacturer of mining hardware. Now the company wants to conquer the music industry with its independent subsidiary Bitfury Surround based in Berlin. With SurroundTM, Bitfury creates a digital platform for monetizing and sharing intellectual property. CEO Stefan Schulz explained to us in an interview how the ambitious project should succeed, why Artificial Intelligence plays a decisive role and utility tokens are out of the question.

Stefan Schulz in an interview: Artificial Intelligence, Security Token and SurroundTM from Bitfury.

Question: You worked for Universal and you know the music industry. What do you think, how will the music industry react to a decentralized open-source music platform?

Samsung SDS, the IT subsidiary of electronics giant Samsung, has found a new partner to test the in-house blockchain platform. Indian IT service provider Tech Mahindra is set to test the Samsung SDS “Nexledger” in the Indian and global markets.

The electronics manufacturer Samsung has a new prospect for the use of its own distributed ledger technology “Nexledger” to report. Tech Mahindra from Pune, India wants to test the “Blockchain” platform for use in both Indian and world markets. The two companies announced this on April 14 in a press release. In it, Mahn Chey, head of Samsung SDS India:

”    We are proud to announce our joint efforts to promote Nexledger in the global marketplace with Tech Mahindra. As a company that believes in the value of blockchain technology, Samsung SDS has focused its efforts on developing a blockchain platform, Nexledger, that meets the needs of businesses in the business sector. Together with Tech Mahindra we look forward to offering our customers a blockchain-based digital transformation.

Rajesh Dhuddu of Tech Mahindra hopes for the cooperation:

”    This partnership will also expand our reach in the Korean, Indian and other APAC markets and maximize the joint offering through a combination of appropriate platforms to Tech Mahindra’s system integration capabilities and innovation centers in India.

Blockchain vs. “Block Chain”

Nexledger is a versatile, proprietary blockchain solution from Samsung SDS. This type of Enterprise Blockchain is Distributed Ledger Technology (DLT); However, it has little to do with the blockchain technology à la Bitcoin. The best-known enterprise blockchain associations include IBM’s Hyperledger Fabric and the Ethereum Enterprise Alliance (EEA). The two largest blockchain consortia in the world are in a friendly relationship. The cooperation between EEA and Hyperledger Fabric was formally sealed in October 2018.

Samsung SDS joined the Ethereum Enterprise Alliance in May 2017 as the first South Korean company. Recently, the parent company Samsung in the cryptoversum with the announcement of a wallet function for the Galaxy S10 caused a stir.

With the Apple Card, Apple has set a new milestone in the digital financial market evolution. The titanium-made credit card not only looks good, but also complements Apple’s pay service Apple Pay as a necessary tool to become the largest bank in the world. Google and Facebook are also taking the direction of a financial services provider. Why the three largest banks in the world are coming from Silicon Valley in the future, it looks bleak for current banks and what role Blockchain and crypto currencies play in this financial market evolution.

Although Goldman Sachs and MasterCard are still Apple’s banking services, there are good reasons why Apple and its other major Silicon Valley counterparts, Facebook and Google, are slowly taking over the financial sector. The digital companies are still dependent on banks and their infrastructures and licenses. Banks like Goldman Sachs are the backbone of digital companies to gain momentum in the financial sector.

Hardly the Bitcoin price rises, the wildest bitcoin forecasts spread. The investment fund Blocktown Capital has now investigated how many bitcoins the states and organizations with the largest gold reserves need to replace them currently.

Blocktown Capital, a mutual fund, has forecasted in a Twitter post how many bitcoins the top 22 governments and organizations needed to buy gold to replace their current gold reserves. Blocktown Capital m is an investment fund that claims to adopt a multidisciplinary approach to Digital Asset Management. Following the website of Blocktown Capital, the company uses fundamental analysis, momentum strategies, statistical arbitrage, and an asymmetric flow of information for its medium to long-term asset positions. Founded in 2018 by three crypto enthusiasts, Blocktown has since focused exclusively on blockchain companies, digital currencies, and application tokens.

The Lightning Torch reaches its capacity limits. The Lightning torch can change owner or owner about eight times, then it’s over. Despite the approaching end, it can be stated that the experiment was successful.

For about two and a half months, the so-called Lightning Torch makes in the Bitcoin community the round. The idea: A kind of Satoshi chain letter, which is passed from Bitcoin friend to Bitcoin friend, adding about 10,000 Satoshis (about $ 0.45) each.

Launched Twitter user Hodlonaut on January 19 this year.

The Lightning Network needs to get bigger. To ensure that as many people as possible, the network must be practicable. Boltz wants to help. The simple change tool ensures the easiest transfer of BTC into the Lightning Network and at the same time preserves the credo BYOB – Be your own bank for the end user.

On the long road to everyday use of Bitcoin, one concept is always in focus: scaling. The purpose of these dialogues, which have been going on for years, is a virtually royalty-free and instant payment option. The most sophisticated solution for this is the Lightning Network. Created as a second layer, payments are not posted on the actual Bitcoin Blockchain (on-chain), but remain for a certain time in the Lightning Network (off-chain). Thousands or millions of transactions can be combined into a single on-chain transaction. Within the Lightning Network there are some problems to solve, like this one: How do you get the desired amount from the blockchain (on-chain) to the lightning network (off-chain) and vice versa? For this, Boltz promises to be a viable end-user solution after months of development.