ConsenSys, one of the world’s largest blockchain software companies, has partnered with the Blockchain-based Service Network, a Chinese government-backed nationwide blockchain project, As part of the partnership, ConsenSys’ Ethereum-based distributed ledger protocol, ConsenSys Quorum, will be featured in the BSN ecosystem, the firm announced on Monday. The protocol will be available in 80 different cities through the BSN’s public city nodes across mainland China. ConsenSys director Charles d’Haussy told Cointelegraph that ConsenSys Quorum will be available in all major cities and provinces, including Beijing, Xiong’an and Hangzhou. ConsenSys’ GoQuorum — an open-source Ethereum client and part of ConsenSys Quorum — …
Canadian entrepreneur and software engineer Joseph Lubin helped spearhead the development of the open-source smart contract blockchain platform that came to be known as Ethereum. Lubin has long believed that this technology could serve “as an organizing principle for earth, the world, the planet.” As one of the wealthiest and most influential public figures in the industry, Lubin founded ConsenSys, a company that develops Ethereum-based products and tools to increase adoption of Ethereum applications around the world, taking the view that the decentralized future is already here — just unevenly distributed. Early life and career Joe Lubin was born in …
Japan, the second-largest source of traffic for global crypto exchanges to date, witnessed a number of industry announcements this week as the country hosted the major blockchain event Devcon 5 from Oct. 8 to Oct. 11. Organized on an annual basis by the Ethereum Foundation, the recent Devcon conference featured leading figures in the blockchain and cryptocurrency industries, including Ethereum co-founders Vitalik Buterin and Joseph Lubin. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Japan. MakerDAO to launch MCD in November On Oct. 9, Rune Christensen, the CEO of the Maker …
Ethereum co-founder and ConsenSys creator Joseph Lubin said that blockchain technology and decentralization can benefit content creators and journalists. Lubin spoke about different industries that are benefitting from blockchain technology in a video on March 12. In the video, Lubin said that artists are “set to benefit quite dramatically” from blockchain, as it allows them to attach policies and stipulations for how the content is consumed and shared i.e. derivative works, streaming, public performances, etc. In Lubin’s view, it also allows them to eliminate middlemen: “I think artists in the music industry on average capture about 11 or 12 percent …
Disclaimer: This article previously stated that the layoffs at ConsenSys mainly affected support staff. The company later informed Cointelegraph that technical staff were also affected. Recent layoffs at blockchain software technology company ConsenSys did not exceed 13 percent of staff. The company’s Executive Director of Enterprise and Social Impact Vanessa Grellet spoke to Cointelegraph about the recent developments at the Crypto Finance Conference in Switzerland on Jan. 18. Grellet said that the staff cuts were a “natural movement” and mainly affected support staff. A company spokesperson later told Cointelegraph that all teams were reevaluated including technical and non-technical staff. Grellet …