Sony rep mentions Ethereum at Game Developer Conference (self.ethereum)submitted by I've just attended a panel discussing fraud and in the game industry.When asked about future developments, Sony's fraud specialist specifically mentioned Ethereum.Speaking to her afterwards, she was quite knowledgeable about smart contracts and it appears ethereum is very much on their radar.GDC is the largest game conference in the world, with nearly 30k attendees.Anyone interested in games/blockchain, feel free to join our slack :) π Rendered by PID 13742 on app-510 at 2017-06-24 11:39:38.200285+00:00 running 3522178 country code: SG.Ethereum has almost doubled in the past two weeks, rising from around $10 to stand near $19.Its market cap has also risen to almost $1.7 billion, an all-time high.Eth is now the only digital currency, besides bitcoin, to gain such a high total value.It has retained a market cap above or near $1 billion for almost a year, now seemingly headed for $2 billion, the first digital currency to ever do so besides bitcoin.

The spark appears to be Enterprise Ethereum, an alliance of numerous household brands, including JP Morgan, Microsoft, Santander, Intel, BP, CME and many others.They are positioning to take advantage of blockchain technology with ethereum apparently rising as a favorite due to having a public blockchain which indirectly provides greater security for private eth based blockchains.Moreover, there are unconfirmed suggestions that the currency is gaining greater adoption and awareness, with a public report stating that a Sony representative mentioned ethereum at a Game Developers Conference.The technology’s smart contract capabilities allow for added benefits in fantasy games, such as increased transparency and reduced cheating ability.Moreover, its decentralized currency, or tokens built on top of eth, allows for greater control.Although fantasy game might not be the first thing that comes to mind when you think of blockchain technology, interest in ethereum spans industries, from fishing to entertainment, financial companies, of course, but also tech companies interested in building the internet of things.

It is the first time an oil company, such as BP, has shown interest, but even airlines are known to be testing.It appears individuals and companies are betting on eth because of, among other things, its highly capable development team which has successfully steered the currency through difficulties that sent eth down to almost $5 in December.bitcoin pcie cardEven then, it appeared obvious the currency would roar again.bitcoin for b2b paymentsIts fundamentals are arguably stronger than any other, with the currency seemingly headed for its all-time high, surpassing it in market cap.bitcoin documentary alex winterBitcoin too, has been roaring, surpassing gold parity, but there, it appears only half of the community is partying, with the rest worried about bitcoin transaction backlogs and fees, which too are at or nearing their all-time high.bitcoin transactions excluding popular

Nonetheless, it appears boom times have arrived across this space.The party is here.We might all as well enjoy it while it lasts.South Korea, a country of around 50 million residents with a GDP of $2 trillion, seems to have taken a disproportionate interest in ethereum with their main exchange, Bithub, handling more volume than Coinbase’s GDAX.ethereum price target 2017Korean exchanges are handling around $30 million in eth/fiat volumes, twice as much as both GDAX and Kraken combined, leading many to wonder why they have shown so much interest.litecoin spendThe answer is probably due to a combination of factors.bitcoin uk treasuryThe main reason may be because South Korea is big in gaming with a number of reports suggesting that Sony representatives have mentioned ethereum at some of the biggest gaming conferences.bitcoin glasgow

Because of its smart contracts capabilities, ethereum’s platform may be attractive for fantasy games where a football team or a warring group is built in a multiplayer setting.bitcoin regulation in mexicoSmart contracts can be used to lay out the rules of the game while the inbuilt currency, eth, can allow the purchasing of in-game assets or for distribution of tournament prizes.Since it is all on a public blockchain, it is difficult to cheat while making the whole process transparent, therefore anyone can be confident there was fair play throughout the game.Another reason may be because South Korea is very advanced technologically, with their robotics somewhat superior.Ethereum’s smart contracts promise to give robots and other machines the ability to autonomously hold, transfer and receive value, thus allowing them to act.As such, it may be the case that South Koreans see the opportunities more clearly while having greater awareness of cutting edge technologies as they pertain to artificial intelligence and robotics related fields.

The above two are probably the main reasons, but a third related factor may be the current political difficulties the country is facing.Following some stupendous revelations that their government was being run by an esoteric cabal, a caretaker government has taken over.In addition, the increased tensions regarding North Korea may have led some to diversify with their preferred choice of digital currency seemingly being eth rather than bitcoin probably because of ethereum’s smart contract capabilities which may make it useful in games settings and for the internet of things.Sony is looking to leverage blockchain and its secure properties by developing a blockchain-based technology that establishes secure open sharing of academic proficiency and progress records through encrypted transmission.Sony Global Education (Sony GE), a company with the vision to offer new innovative educational services to people around the world has today announced the development of a blockchain-based technology for the educational system.

The technology looks to usher in a new educational infrastructure system that will enable the sharing of academic records over a distributed ledger “in a number of ways.” In a press release, Sony explained the potential application(s) of the technology, stating: For example, after taking an examination to demonstrate his or her academic proficiency level, an individual could direct the testing organization to share the test results with one or more third-party evaluating organizations.This would be a first, if implemented on a system-wide basis.Sony GE notes that blockchain is most popularly known as the technology that powers bitcoin and also references the growing number of bitcoin exchange platforms as a testament to the potential of the technology.The Japanese company claims blockchain holds promise for applications beyond the realm of finance with secure properties that enable participants to freely and securely share information without the need for an established trust between the relevant parties.

With the advent of its newly developed technology, Sony GE believes that new educational services will come to the fore in the future.This will stem from the diversification of the ways in which tests are designed and individuals are evaluated by different organizations, the company explains.With this infrastructure in place, each evaluating organization sent an individual’s testing records could assess those results and calculate a score in a way that fits its own methods.Sony also hopes to bring credibility to its open-yet secure educational infrastructure platform by drawing in educational institutions to participate and adopt the technology.Although no further details have been revealed of the prototype technology, Sony GE revealed that its “new educational infrastructure” will see the light of day in 2017.The blockchain-based technology will be initiated within the company’s own existing programs while pushing for wider adoption afterwards.The first program that will see the utilization of the new blockchain-based educational infrastructure will be Sony GE’s Global Math Challenge, a competition that has attracted over 150,000 participants in over 80 countries around the world.