An Ethereum startup founder discusses challenges facing next-generation technology applications for autonomous blockchain-based companies.

An Ethereum-based distributed autonomous organization (DAO) is a blockchain entity that operates according to a set of pre-defined rules that the members of the DAO help maintain and that they leverage to make collective decisions.

A DAO (which differs from other concepts like a DO) is principally created as a vehicle to achieve or maintain a shared purpose, and that will both receive and distribute funds (often in the form of cryptocurrencies or other blockchain-based tokens of value) and control actions designed to help promote or further the purpose of the DAO.

On the more mundane side, with no legal identity, owning physical assets, signing contracts with non-blockchain companies (real-world suppliers, contractors, etc) and tax issues can be difficult.

For example, it is not known:

  • If DAO members can claim expenses against profits?

Quelle: Key Questions Every DAO Founder Should Ask – CoinDesk

An environmental researcher modeled pessimistic and optimistic scenarios for Bitcoin’s energy consumption over the next few years.

Quelle: Bitcoin Could Consume as Much Electricity as Denmark by 2020

How blockchains are laying the groundwork for the next century’s economic growth – not only in the finance sector, but across society as a whole.

Quelle: PwC Report: While Fintech Disrupts Banks, the Blockchain Disrupts Fintech | Bitcoin Magazine

Der Bitcoin war das Nonplusultra, wenn es um digitales Geld ging. Der Konkurrent Ether könnte das aber nun ändern – auch weil er mehr kann als Bitcoin. Ether übersprang jetzt eine magische Hürde.

Quelle: Das ist der neue große Rivale des Bitcoin


Quelle: My Wet and Wild Bitcoin Weekend On Richard Branson’s Island Refuge | Motherboard

The thesis behind the experiment is that users will save money through the use of microtransaction…

Quelle: Why a German Power Company is Using Ethereum to Test Blockchain Car Charging – CoinDesk

Forty of the world’s biggestbanks, including HSBC and Citi, have tested asystem for trading fixed income using the technology thatunderpins bitcoin, fintech company R3 CEV said on Thursday.

Quelle: Forty big banks test blockchain-based bond trading system

Power companies may soon be joining big banks in industries about to be massively disrupted by blockchain technology similar to that which underlies bitcoin.

Quelle: Brooklyn blockchain startup could render power companies redundant – New York Business Journal

The second part of a series on gaming and blockchains includes Spells of Genesis, Alex Amsel and Peter Borah.

Quelle: Gaming on the blockchain II – A new kind of digital ownership