Power Ledger has partnered with Ledger Assets to work on a proof of concept that would allow peer-to-peer energy trading. Rather than buying from a power company, people could buy electricity from their neighbor who might have solar panels. Presently, they can sell their electricity for 6 cents a KWh, but have to pay 25 cents KWh. By doing p2p energy trading, customers could split the difference.
GoGreenLight, a sister company to Borderlight, has acquired bitcoin mining firm KnCMiner. The company plans on continuing to run the mining pool and data centers so long as it remains profitable.
Chain has joined the CryptoCurrency & Contracts initiative, which was formed with Cornell University, UC Berkeley, University of Illinois at Champaign-Urbana, the University of Maryland, and Technion. It joins IBM and DIgital Asset Holdings in the initiative.
While financial institutions in Japan fully recognize the need to invest in blockchain technology, one of the problems they are running into is a shortage of individuals to do the work. As one fintech recruiter suggested, a typical blockchain position might only get two applicants compared to 10 for other software positions.
The Department of Homeland Security's Science and Technology Directorate has awarded four businesses each with $100,000 to test using blockchain technology to support identity management. Digital Bazaar, Respect Network, Narf Industries, and Celebrity Government Solutions were the recipients.
Bitfinex offered a debt token, BFX, which carried the equivalent of $1 worth of debt to its customers after the hack. However, it would only take one person to sue Bitfinex for the entire initiative to go up in flames. That might be fine considering this is akin to issuing an equity interest in the parent company because they could be convertible to shares in iFinex. That requires a license, which the Bitfinex does not have.
30 startups in the bitcoin and blockchain space have raised $290 million over the last six months. However, Circle raised $60 million, Blockstream raised $55 million, and Digital Asset Holdings raised $50 million. The other 125 million was split amongst the other 27 startups.