Blockchain

GREATER PHOENIX: where business comes together to Innovate

Blockchain technology is software that relies on multiple computers to create a tamper-proof ledger of transactions. But it’s also attracting enormous interest from major industries like shipping and finance, which see its record-keeping system as a means of creating more secure and efficient supply chains. Companies in Greater Phoenix have found success and security while innovating in this emerging technology sector and educational institutions are producing the workforce to support its expansive growth.

HB 2417

Arizona is a first-mover and passed HB 2417, making it easier to accept electronic signatures on contracts.

WORKFORCE DEVELOPMENT

Arizona’s educational institutions are taking a proactive approach to blockchain and training the workforce of tomorrow.

CRYPTOCURRENCY

Arizona has an active ecosystem of business leaders who are making Greater Phoenix a central location for cryptocurrency.

Blockchain u: Arizona State and digital currency dash launch research lab

Students at Arizona State University will soon have a chance to get hands-on experience with blockchain, one of the world’s hottest technologies that is used extensively for digital currencies such as bitcoin and Dash.

Read the full article in Fortune. 

Only in arizona: how smart contract clarity is winning over startups

What happens when someone breaches a contract?

If you’ve gone through all the rigmarole of developing a paper contract, the legal ramifications are clear. But paper contracts are not only inefficient but also prone to fraud, which is why a group of startups and developers are pushing digital “smart contract” systems tied to immutable blockchains.

But what if someone breaches their smart contract? The answer, in most places throughout the world, is less clear. That is, unless you’re in Arizona.

Read the full article on Coindesk.

$20B

amount global blockchain market is expected to be worth in 2024

$1M

average investment in blockchain projects in 2017

$200M

amount that IBM is investing in blockchain-powered IoT

Blockchain Companies Currently Innovating in Greater Phoenix

Dash:  Phoenix based cryptocurrency that is a fully-incentivized peer-to-peer network. Miners are rewarded for securing the blockchain and masternodes are rewarded for validating storing and serving the blockchain to users. Masternodes are a new layer of network servers that work in highly secure clusters that provide a variety of decentralized services such as instant transaction, privacy and governance, while eliminating the threat of low-cost network attacks.

SweetBridge:  Local blockchain startup looking to use cryptocurrency to reduce supply chain costs. They do this by allowing for easy tokenization of assets, allowing companies to be more liquid.

Arena:  Music platform that is free, claims to pay artists the highest royalties in the industry, and does it using cryptocurrency. On-demand merchandise storefront, designed to encourage musicians to promote merchandise sales while listeners stream exclusive content.

Nexus:  A decentralized and worldwide network that utilizes three channels of security: prime mining, hash mining, and nexus Proof of Stake (nPOS). Consensus in nexus combines votes across three channels, which discourages one network from becoming too powerful.

Coldti:  Coldti is a titanium wallet-like storage device for cryptocurrency seeds. Users of the device engrave their seeds onto ColdTi using a hammer and an included punch tool. ColdTi contains 24 fields to enter seeds into, and is contained in an aluminum fire-resistant enclosure. ColdTi is currently a kickstarter campaign that is seeking to raise $20,000, with pledges of $29 or more, backers get the titanium plate w/ engraved fields, and for pledges of $49 or more, backers get the titanium plate, numeric punch set, and a practice steel plate. Backers that give $79 or more get all of the above listed items included a satin black anodized aluminum enclosure.

Camp BX:  Atlanta based bitcoin trading platform with datacenters in Arizona and Georgia. Buy or sell orders are matched against a parameterized database of other orders. If a perfect match is found, a Bitcoin-to-USD trade is instantly executed.