Blog

A collection of original articles from the OpenCrowd team

June 25, 2020

HUMANKIND Announced as the Winner of the Hedera20 DragonGlass Challenge 

dragonglass congrats

After careful deliberation, we are pleased to annouce HUMANKIND as the winner of the Hedera20 Virtual Hackathon DragonGlass challenge.  We want to thank every team who participated and leveraged DragonGlass to help create innovative and forward-thinking solutions.  Below we have included a full list of all the projects that were submitted for the DragonGlass challenge, as well as links to their GitHub repositories.  

devider

June 12, 2020

DragonGlass Challenges Submitted for the Hedera20 Hackathon

We at OpenCrowd are very excited to see the project submissions for the Hedera20 Virtual Hackathon DragonGlass challenge.  For the past six weeks, we challenged participants to build the most innovative dApp that highlights either DragonGlass' APIs, Realtime Subscription, or a combination of both.  We would like to thank all the project teams who participated, and look forward to announcing the winner.  Stay tuned till next week for more announcements!

devider

Coming to Hedera from a traditional blockchain background, one of the first things users must wrap their heads around is how the network handles state. As a development partner since 2017, we at OpenCrowd are keenly aware that companies building on Hedera need a seamless way to access all of their live and historical data in an operational data store. Additionally, users of these applications may want to access any relevant information about them. These issues are what led us to create the DragonGlass platform.

devider

Hedera Hashgraph launched its public main net on Sep-16th 2019. The network has processed about 20 Million transactions with ease. The good news is that the 10K TPS is just the start and a lot more is yet to come. This public decentralized platform satisfies one of the urgent needs and the most requested requirement that was constraining the building of real life decentralized applications. That need for the last several years has been high throughput and low latency. Hedera Hashgraph was able to meet that need by launching the mainnet.

Hedera’s primary focus is high throughput, high security, governance, no forking and other highly valued needs in the market. While pursuing these high-value needs they have left other developer requirements like data persistence, storage of transactions and retrieval of historical data, and other application specific needs to be developed by the Hedera ecosystem. The Hedera mainnet does not intend to be a long term data store; its focus is mainly managing the current state of the ledger. The vast trail of data produced on the execution of transactions, smart contracts, files etc is expected to be managed by the individual development teams.

devider

Hashgraph, an efficient, provable, byzantine fault-tolerant, ACID-compliant ecosystem that can be understood as a faster alternative to current blockchain networks, presents some promising solutions to the problems already mentioned in the previous article. At a very high level, the most promising feature offered by the platform is that it easily fits into the matrix of the current DLT wishlist. There are many attributes that could be attractive for an aspiring decentralized application:

1. Governance Operating Model:
Provides a solution to “death by trivial forking” and keeps the upgrades within the scope of a council. The council comprising of members from unique industries across various different industry segments & geographic regions. This would allow faster decision making cycles on key aspects like software upgrade, fees and compliance. Virtual voting based on a patented algorithm excludes the necessity to do any mining for PoW and hence takes away the race for the reward problem.

devider
Digital Asset Modeling Language / OpenCrowd

As blockchain technology continues to gain traction, companies have quickly become dependent on multiple distributed ledgers.  Until recently, if a company wanted to have a smart contract run on multiple blockchains, they would have to write smart contract for each separate blockchain, with each contract written in a different language unique to that blockchain.  This is expensive, laborious, and time-consuming for a business. Enterprises using multiple blockchains are better off standardizing on technologies to achieve efficiency, but this has not been possible to date.

To address these issues, DAML was created as a language for developing concise and secure smart contracts that are executed in a standardized format across different private distributed ledgers.  DAML is designed to simplify and remove some of the complexities involved in smart contract development, allowing developers to focus on implementing the behavior and logic of created contracts.

June 4, 2019

OpenCrowd at the Blockchain for Impact Global Summit 2019

March 8, 2019

Can Blockchain Save the Global Farmer?

Blockchain for Impact 2019

World leaders returned to the United Nations yesterday for the second Blockchain for Impact (BFI) global summit. An invite-only event, BFI aims to bring together global dignitaries, founders, and practitioners to help address many of the urgent problems our society faces today, as outlined by the UN’s 17 Sustainable Development Goals (SDGS). The summit served as an opportunity to showcase blockchain use cases for the UN and world governments in areas such as ocean restoration, data privacy, and women in the tech sector workforce, as well as use cases currently being utilized by smaller nation-states Liechtenstein and the Republic of the Marshall Islands (RMI). Speakers included Dr. Hilda Cathy Heine, President of the Republic of Marshall Islands, and Adrian Hasler, Prime Minister of Liechtenstein; Dr. Adonia Ayebare, Ambassador of the Republic of Uganda to the UN; and Dr. Eva-Marie Muller-Stuler, Chief Data Scientist at IBM.

devider

May 24, 2019

OpenCrowd at CryptoNouveau 2019

March 8, 2019

Can Blockchain Save the Global Farmer?

Crypto Nouveau Sponsors

The sentiment of CryptoNouveau event on Bleeker Street during New York Blockchain Week was vibrant in the wake of the latest surge in crypto prices. It appears that many members of the blockchain community buckled down to build product and stayed under the radar while marketing was kept to a minimum. The results speak for themselves; the foundation of decentralized ledger technology has evolved in tremendous strides since last year’s event, and we cannot wait to see how the technology continues to mature in the coming months.

devider

May 13, 2019

OpenCrowd at Blockchain Week 2019

March 8, 2019

Can Blockchain Save the Global Farmer?

Blockchain Week Live Updates

New York City Blockchain Week 2019 officially kicked off on Friday, and we couldn't be more excited to participate in some of the great events scheduled for this week.  Be sure to refer to this post for daily updates, recaps, and more from the OpenCrowd team as we navigate this monumental week for the blockchain industry.

devider

April 23, 2019

OpenCrowd at Synchronize 2019

March 8, 2019

Can Blockchain Save the Global Farmer?

Synchronize Blockchain Crypto Panel

Originally seen in Medium

Numerous crypto-curious institutional banks gathered for Synchronize 2019, a crypto and blockchain technology-focused conference, last Wednesday in downtown Manhattan. The main topic of discussion concerned the question of when the institutional banking industry will embrace mass adoption of blockchain technology and crypto.

READ MORE

devider

March 8, 2019

Can Blockchain Save the Global Farmer?

March 8, 2019

Can Blockchain Save the Global Farmer?

Can Blockchain Help Global Farmers?

Originally Seen in Medium

The biggest challenge facing farmers worldwide is not global warming, or the threat of crop failure, but the poor quality of capital available to them. Farmers face sustained financial pressure from poor capital terms, and the potential loss of livelihood has caused many to take their own lives. Farmer suicide is now a global crisis that is not limited to developing economies, and can be seen even in developed countries such as Australia, France, and the US.

READ MORE

devider

As Blockchain continues its rise to widespread mainstream adoption, new use cases will continue to arise and spark innovative development.  As a Blockchain solutions firm, we get asked almost daily if Blockchain can be used as a regular data store similar to SQL and other common relational database management systems.  Almost always our response comes down to the following description of what Blockchain has to offer and how it should be leveraged for specific use cases. As time goes on and increases are made to the scale and transaction speed at which the Blockchain can operate, the use cases for Blockchain will expand into many new fields and scenarios.

READ MORE

devider

Given the state of the current crypto winter, many of us have seen and heard about a large amount of negative sentiments regarding blockchain and its potential to be a truly game-changing technology.

As a team that has been deeply involved in helping clients build solutions with this technology, we foresee some solid momentum with regards to the applicability and feasibility of blockchain-related products. Below are a few of our predictions as to how blockchain will move forward and evolve in 2019.

READ MORE

devider

© 2005-2020 OpenCrowd Inc. New York