FedEx exec: Blockchain will become a foundational layer – for everything
BOSTON – While blockchain may never be a panacea for solving all business transaction problems, it will eventually become a foundational technology across industries that will lead to new business models.
Before that can happen, however, proprietary blockchains will have to run their course and be replaced by open software and industry standards that enable distributed ledgers to communicate across competing businesses and borders, according to Dale Chrystie, a FedEx business fellow and blockchain strategist.
No Man’s Land: Bitcoin Price Locked in $600 Range for 7th Day
Bitcoin’s (BTC) struggle for direction continues with prices locked in a tight £600 range for the seventh day running.
The leading cryptocurrency by market value fell below $8,000 and found acceptance below the historically strong support of the 30-day price average on June 4, opening the doors for a deeper correction.
However, since then, the downside has been largely restricted to levels near $7,500. Prices did print a low of $7,449 on June 6 before closing at $7,806, according to Bitstamp data. Further, Sunday’s drop to $7,511 was short-lived with prices bouncing back to levels above $8,000 yesterday.
At the same time, the bulls have repeatedly failed to force a sustained break above $8,000 over the last six days.
With prices largely range-bound, the immediate outlook is neutral. A convincing break above the upper edge of the range is needed to put the bulls back in a commanding position. Conversely, a break below the lower edge would again open the doors for a deeper price pullback.
As of writing, BTC is changing hands at $$7,820, representing a 1.2 percent gains on the day, having hit a high of $8,057 earlier today.
University of British Columbia Adds Blockchain Program for Master’s and PhD Students
One of Canada’s leading research universities, the University of British Columbia, is launching a blockchain tech training path for graduate students.
According to the UBC, the program is a first in Canada. The track will focus on four areas: health and wellness, clean energy, regulatory technology and issues for Indigenous residents, and will officially launch next January.
“The initiative will allow students to develop the skills around emerging technologies that are in high demand as well as drive economic growth as graduates fill the void in the industry,” said Victoria Lemieux, UBC iSchool associate professor and founder of Blockchain@UBC, in a statement.
UBC aims to train 139 students over six years, and build out services for existing master’s and PhD students in educationally adjacent areas. Interested students do not need to come to the program with blockchain experience.
The initiative is supported by 15 industry partners from a wide range of sectors, including Boehringer Ingelheim, a pharmaceutical company with net sales of around 17.5 billion euros in 2018.
Mitacs, a not-for-profit that works with federal and municipal governments to support industrial innovation, will also provide $1.324 million over six years. Additionally, the agency will fund 18 master’s and eight PhD internships in the field, representing a potential value of over $2.44 million for 156 internships and post-doctoral training projects over the course of the partnership.