A investigative story I did for Seattle tech news site GeekWire about blockchain startup RChain.
In January, HyperSpace, formerly known as Synereo, released the beta version of its cryptocurrency-powered social media platform. The company is building what its founder, Dor Konforty, describes as a combination of Reddit and Patreon, and which also could be compared to fellow blockchain startup Steemit. But the question remains whether there is room for a new social network in a field dominated by some of the richest companies in the world.
Startup accelerator Techstars has announced the participants of its inaugural blockchain acceleration program, which is being undertaken in partnership with blockchain advisory firm Alchemist. The ten companies chosen will work on applications of blockchain technology ranging from supply chain to gaming to financial markets. But the startups in the program will face a challenge raising funds with crypto markets down precipitously since their peak over a year ago.
Stellar-backed cryptocurrency payment firm SatoshiPay is working with German publishing giant Axel Springer SE to implement a micropayment system for online content. Long speculated on, but never widely adopted, micropayments could be an alternative to the advertising-based business model most online publishers rely on. But whether micropayments will gain traction remains to be seen.
Cryptocurrency, despite the massive drop in value from a year prior, was still a hot topic of discussion at the World Economic Forum in Davos, Switzerland. Experts on cryptocurrency and blockchain debated the technology in the panel “Building a Sustainable Crypto-Architecture” with insight into both sides of the discussion.