ICC to Join Forces With Perlin DLT Startup

International Chamber of Commerce is the largest business organization in the world, and Perlin will help to bring blockhain to its clients
12 April 2019   307

Singapore blockchain startup Perlin will help the International Chamber of Commerce (ICC), which is the largest business organization in the world, to distribute DLT to its 45 million members.

According to a press release, the organization will help create contact between Perlin and its members, which include Amazon, Coca Cola, Fedex, McDonalds and PayPal. Perlin will be the official technology partner of ICC and will provide free access to its blockchain platform at an early stage of the project, “with an initial focus on practical, efficient and scalable blockchain traceability and transparency systems for value chains."

The ICC has always been committed to empowering our members to achieve the highest levels of corporate excellence and continuing innovation. In collaboration with Perlin, which leads the field in blockchain and distributed ledger development, we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector.

John Denton AO

Secretary General, ICC

Project participants note that they will try to find an application for the blockchain both for large enterprises and for companies that are representatives of small and medium-sized businesses and have much more modest budgets.

The Perlin team has always recognised that meaningful blockchain and distributed ledger tech adoption can only be achieved by building tools that are practical, scalable, cost-effective and add substantial value for businesses of all sizes” shared. As the real-world pilots we’re already deploying show, the technology we’ve built meets each of these essential criteria head on.

Dorjee Sun

CEO, Perlin

ICC and Perlin will also promote regional initiatives that will help Singapore establish itself as a center of innovation, particularly in the commodities trading.

Bitcoin SV Blockchain to Undergo Reorganization

This happened due to the fact that some blocks were rejected by Bitcoin SV blockchain
19 April 2019   104

Several blocks were rejected by the Bitcoin SV network after the addition, which caused the re-organization in the blockchain's history.

Almost each time someone is trying to produce a very large block on the BSV chain, there’s a reorg. Just an hour ago our Blockchair engine has witnessed a 3-block reorg (I think that's a record)! Blocks #578640–578642 got orphaned by a longer chain because they were too big

Nikita Zhavoronkov

Lead developer, Blockchair

The large blocks, about which Zhavoronkov writes, are no longer displayed by the blockchain browser, since they are not part of the main chain in which they were located until a certain moment, until they were replaced by another chain, which eventually became dominant.

This is basically exactly the problem the BU gigabock testnet identified. At sizes > 100mb the mempools were so out of sync that blocks were basically transmitted as full blocks.

BSV had ONE 128mb block and it caused a six block reorg. On the BU testnet sustained 128mb blocks caused a total breakdown of the chain where there were so many reorgs that every node had a different view of the state of the blockchain.

Chris Pacia

Developer, Bitcoin

Thus, Chris assumes that the problem is caused not by the malicious actions of the network members, but by its functional bug. 

This update is noticeable in the background of recent Bitcoin SV delisting campaign, which was started by the number of big exchanges as a reply to lawsuit by Craig Wright, BSV supporter, against anonymous critic.