Fidelity, Amazon and Deloitte Supporting New Blockchain Accelerator

Coinspeaker
Fidelity, Amazon and Deloitte Supporting New Blockchain Accelerator

A subsidiary of design firm IDEO, IDEO CoLab, announced a partnership with 20 blue chip and companies in order to launch a blockchain accelerator called Startup Studio. Partners include Amazon, Deloitte, and Fidelity, as well as crypto data firm Messari, the Ethereum Foundation, the Stellar Foundation, among others, to build on the distributed web incubator that IDEO CoLab launched in February.

The program is allegedly supposed to help blockchain startups with product design, user testing, hiring, finance, law, and engineering, through one-day workshops.

Ian Lee, managing director of IDEO CoLab Ventures set as an example Amazon who will provide resources on how to build and deploy services on top of its Amazon Web Service (AWS) infrastructure. On the hand, Lee added, Deloitte will offer workshops on the journey and lifecycle for blockchain firms from an accounting, tax, and structuring perspective. Fidelity’s center for applied will help them explore, accelerate, test, as well as partner on “compelling new opportunities” in the financial services space, Lee said.

He noted that each partner will take “active” roles and share the costs for running these workshops and IDEO CoLab said it is expecting more firms to join in the future.

Lee said that participating startups can choose to go to a specific workshop at “no cost”:

“Some startups, including decentralized exchange protocol 0x, crypto lender Dharma and crypto derivatives exchange dYdX have already attended the program. We’ve helped them validate/invalidate new product concepts, design product UX/UI, and find their first launch customers.”

In February 2019, IDEO CoLab introduced its “Distributed Web Investing Program,” announcing six investments in blockchain startups. Lee added:

the last four decades, IDEO has pioneered the field of human-centered design to help create iconic products in partnership with leading companies like Apple, Google, Nike, and Ford. We believe that the blockchain has now reached the point where human-centered design and collaboration are needed to realize its full potential and make the leap from millions of enthusiasts to billions of everyday users.”

One of the members of an initial partner organization is TQ Tezos. From this company, they said that they were selected as one of the Layer 1 protocols for the brand new Startup Studio program. They said:

“TQ Tezos will help blockchain startups and entrepreneurs participating in the Startup Studio program, serving as a resource for projects built on the Tezos blockchain. Working with a global leader like IDEO is a great opportunity to put Tezos in the hands of some of the brightest minds across multiple industries.”

For the past few months, IDEA CoLab has been running Startup Studio programs with leading blockchain entrepreneurs and startups including 0x, Alto, Braintrust, Compound, Dharma, dYdX, Fairmint, UMA, and others. The program has helped validate/invalidate new product concepts, design product UX/UI, and find their first launch customers.

Be it as it may, blockchain entrepreneurs and startups are now enabled to apply in order to participate in specific acceleration programs through Startup Studio’s website.

Fidelity, Amazon and Deloitte Supporting New Blockchain Accelerator


Source: coinspeaker
Fidelity, Amazon and Deloitte Supporting New Blockchain Accelerator

Related posts

Fidelity, Deloitte and Amazon Now Support Workshops for DLT Startups

, and joined 20 other firms including Foundation and Messari in supporting Studio’s workshops for blockchain startups


Source: cointelegraph
Fidelity, Deloitte and Amazon Now Support Workshops for DLT Startups

Related posts

Amazon, Deloitte, Fidelity Partner With IDEO CoLab on Blockchain Accelerator

The blockchain accelerator is aiming to boost 12 promising startups this .
Source: worldnewsoffice
Amazon, Deloitte, Fidelity Partner With IDEO CoLab on Blockchain Accelerator

Related posts

Amazon, Deloitte, Fidelity Partner With IDEO CoLab on Blockchain Accelerator

The accelerator is aiming to boost 12 promising startups this .
Source: coindesk
Amazon, Deloitte, Fidelity Partner With IDEO CoLab on Blockchain Accelerator

Related posts

Stats from Deloitte’s new report on the blockchain industry

Stats from Deloitte’s new report on the blockchain industry

https://i.redd.it/13irptzk1b931.png

Deloitte’s annual Global Blockchain Survey was recently released and shows exciting trends for the industry. The survey polled over 1,300 senior executives in a dozen countries from U.S companies with at least $500 million in annual revenue and from non-U.S companies with at least $100 million in annual revenue. The executives are quite knowledgeable when it comes to technology with 56% of the survey participates working in information technology, 10% in finance, and the rest within distinct industries.

The most interesting theme throughout the survey is not from the blockchains enthusiasts–many of them have remained very optimistic– but from the less confident individuals appear to have a much more positive perception of the potential impact of blockchain.

You can read the entirety of Deloitte’s Global Blockchain Survey for 2019, or check out some of the most notable findings.

submitted by /u/ConsenSys_Socialite
[link] [comments]


Source:
Stats from Deloitte’s new report on the blockchain industry

Related posts

Deloitte suggests China will use blockchain ‘strategically’ instead of ‘tactically’

Deloitte suggests China will use blockchain 'strategically' instead of 'tactically' submitted by /u/NightTrader0
[link] [comments]


Source: CryptoCurrency
Deloitte suggests China will use blockchain ‘strategically’ instead of ‘tactically’

Related posts

Deloitte: China Looking to Use Blockchain as a 'Strategic Weapon'

China is the biggest believer globally that blockchain is a top-five strategic priority in the country, according to Deloitte


: cointelegraph
Deloitte: China Looking to Use Blockchain as a ‘Strategic Weapon’

Related posts

Deloitte Tests Data Management on Ethereum Blockchain With Three Irish Banks

Deloitte Tests Data Management on Ethereum Blockchain With Three Irish Banks submitted by /u/trontrxripple
[link] [comments]


Source:
Deloitte Tests Data Management on Ethereum Blockchain With Three Irish Banks

Related posts

Deloitte Tests Data Management on Ethereum Blockchain With Three Irish Banks

Several banks are testing a tool from Deloitte


: cointelegraph
Deloitte Tests Data Management on Ethereum Blockchain With Three Irish Banks

Related posts

Australian Crypto Company Rapped for Paying Bounty Hunters for Glowing Reviews

Australian Crypto Company Rapped for Paying Bounty Hunters for Glowing Reviews

commissioners and trade experts have refused Australian blockchain startup Ledger a clean bill of ethical health after it emerged that the company paid rogue “bounty huntersâ€� to shore up interest in . The project’s “powr” crypto has fallen 90 percent in value over the past year amidst bearish conditions.

Also read: Russian Bitcoin Mining Granny is Bullish on Industry’s Future

Bounty Hunters Make False Claims

Australian Crypto Company Rapped for Paying Bounty Hunters for Glowing Reviews

Spruikers, sponsored creators of glowing reviews, falsely claimed that Power Ledger, a peer-to-peer electricity-trading startup, had attracted the interest of Tesla founder Elon Musk, and was on a path to revolutionize the industry, in addition to other exaggerations.

According to local newspaper Financial Review, the Australian company rewarded spruikers with free allocations of its powr token, denies responsibility for their embellishments. Power Ledger chairman Jemma Green maintains that spruikers posted the misleading reviews while operating outside of its control.

“Rewards were offered to community members to share our project with their own networks. The means by which they did so were outside of our control, and we made it clear that our core supporters who believed in the project and the future of renewable energy were the main audience for this program,”‘ Green was quoted as saying.

However, Australian Securities and Investments Commission (ASIC) head John Price spruikers, which the company intends to maintain, should disclose that they are being rewarded by the entity. The commission this year set up a unit to monitor cryptocurrency investments.

Australian Crypto Company Rapped for Paying Bounty Hunters for Glowing Reviews

Trade experts also commented disapprovingly on the ethical dimensions of spruiking to boost initial coin offerings (ICOs), a practice that surged in popularity during 2017’s crowdfunding mania. Questions have since been asked over the failure of the majority of ICOs to evolve into successful projects with real adoption.

A partner at Deloitte Consulting specializing in technology, Peter Williams, raised ethical concerns over the provision of financial incentives, or bounties, for individuals to promote initial coin offerings, describing these as “classic market manipulation techniques.â€�

‘A Quarter of ICOs Are Scams’

ASIC Commissioner Price cautioned that his agency is focused on disclosure in initial coin offerings, estimating that a quarter of them be scams. “Just because you something an ICO, doesn’t mean you are unregulated,” he said.

Power Ledger maintains that it deployed spruikers, which it calls community advocates, not only to promote its virtual currency, but also to improve the reputation of the blockchain and cryptocurrency industry.

Australian Crypto Company Rapped for Paying Bounty Hunters for Glowing Reviews

“Some of our bounty group were professional bounty hunters chasing tokens because it’s what they do,” Power Ledger posted a few weeks after the token sale. “Some were bots reporting an astounding 5,000 likes of our social media output in a single 24-hour period.”

Power Ledger will continue to pay spruikers to promote its currency, which peaked at $2.4 billion during the crypto boom. The company’s token is now trading about 20 percent below its issue price.

Aside from the controversy, Power Ledger successfully tested a blockchain-based solar power-trading project in the Australian coastal city of Fremantle earlier this month, enabling around 40 households to determine both the buying and selling price of renewable electricity generated on their rooftops. The trial has been described by Western Australia’s Minister for Finance, Energy and Aboriginal Affairs, Ben Wyatt, as a “world first.â€�

What do you think of the accusations laid against Power Ledger? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post Australian Crypto Company Rapped for Paying Bounty Hunters for Glowing Reviews appeared first on Bitcoin News.


Source: bitcoin.com
Australian Crypto Company Rapped for Paying Bounty Hunters for Glowing Reviews

Related posts