I Hope That PoW Dies a Quick Death, Hyperledger CEO Says

Brian Belendorf belives that there gotta be another technologies instead of Proof-of-Work concept, "that aren't so energy insensive"
23 April 2018   309

Speaking at the Business of Blockchain conference at the Massachusetts Institute of Technology (MIT), executive director of the Hyperledger consortium Brian Belendorf talked about his attitude to open source technologies, the regulation of the cryptocurrency industry and the consensus algorithm Proof-Of-Work. This is reported by CoinDesk.

CoinDesk Twitter
CoinDesk Twitter

He also noted that open source technologies will always be used for both good and bad purposes. However, in his opinion, this does not play any role, as long as they remain in the public domain.

Belendorf is convinced that many ordinary users are asking the same questions as the Securities and Exchange Commission (SEC), and are also afraid of the same things.

Earlier, Proof-Of-Work in the bitcoin network was called up by the co-founder bitcoin. org and bitcointalk. org Cobra because of the centralization and control over the hashrate in the hands of the largest manufacturer of mining equipment Bitmain.

American Express to Use Blockchain for Loyalty Program

Program will allow merchants to reward customers for purchasing specific items at their stores
24 May 2018   111

The international payment giant American Express (AmEx), in partnership with the Hyperledger consortium and the online retailer Boxed, integrates distributed ledger technology into its customer loyalty program. This is reported by AP News.

According to AmEx representatives, Hyperledger technology allows merchants to create various reward programs. The latter, in particular, allow to reward American Express cardholders for purchasing goods in partner networks of stores.

Also, the project participants note that the program implemented in partnership with Boxed allows customers to earn five times as many loyalty points as usual. The new technological solution allows commercial firms to increase the involvement of their AmEx cardholder customers by offering products tailored for them, as well as regulating the reward structure.

AmEx partners have the right to independently choose products for which they would like to increase demand through a compensation program. The only exception is firearms, tobacco and alcohol products. American Express, in turn, reserves the right to independently choose the promoted brands.

According to representatives of American Express, a full version of the new blockchain system can be launched in the coming weeks.