Chinese 'Wikipedia' Now Tracks Revisions on a Blockchain

Baidu had implemented own blockchain in its Wikipedia alternative called Baike
29 May 2018   290

The Chinese alternative of Wikipedia, Baidu Baike, used the blockchain to keep track of the revisions in the articles in order to increase the transparency and traceability of events in its service, CoinDesk reports.

Although the company has not officially announced the integration of the technology yet, the search on the encyclopedia already returns the results that the hash values ​​correspond to, which indicate that the data are recorded including with the help of the blockchain.

In a conversation with CoinDesk, a company representative confirmed that in the public version of the service, hash values ​​began to appear on this Monday, although some timestamps indicate that hashing started at least last week.

Baidu Baike
Baidu Baike

To track revisions Baidu uses its own blockchain system, which does not allow an outside user to determine which data is recorded, for example, whether the revision time, the name of its author or the reason for making entries are taken into account.

The representative of Baidu refused to answer technical questions, but said that the goal of integrating the block is to increase the reliability of the data in the encyclopedia, which information can be modified by the users themselves.

Baidu Baike was launched in 2008 and is the main service of this kind for the residents of China, as the original "Wikipedia" in the country is blocked. According to public data as of February 2018, the encyclopedia contains 15.2 million records and 6.4 million revisions.

SEC to Slap ICO Founder With $30K Fine

Additionally, David Laurance, founder of Tomahawk Exploration LLC got 2 lifetime bans
15 August 2018   118

The US Securities and Exchange Commission (SEC) on Tuesday reported that it has issued two new bans directed against David Laurence, the founder of Tomahawk Exploration LLC. Tomahawk allegedly stands behind fraudulent ICO, writes CoinDesk.

Laurence, according to the SEC, raised funds through the sale of Tomahawkcoin tokens, in the process of using misleading advertising materials and fraudulent statements that it is a tenant of drilling sites.

Moreover, the sale of Tomahawkcoin tokens, according to the SEC, was accompanied by a false promise that "the holders of tokens will be able to exchange Tomahawkcoin for shares and receive a potential profit from oil production and secondary tokens trading."

According to the SEC, Lawrence neither acknowledged nor denied the charges, but he and his company agreed to these bans, as well as a fine of $ 30,000.

...Tomahawk issued tokens as part of the Bounty Program to generate interest in the ICO, which benefited Tomahawk. Distribution of tokens that are securities in exchange for promotional services to advance the issuer's economic objectives or create a public market for the securities constitute sales for purposes of Section 5 of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.
 

SEC

The first prohibition of the SEC is a ban on the director's work in public companies, and the second does not allow Lawrence to own and trade in so-called "penny" shares. Both prohibitions, according to the announcement of the SEC, are lifelong.