Shipping Blockchain Expansion, A Blockchain Based Encyclopedia & TRON Taking A Dump With Blockchain

The cryptocurrency markets have been taking a bit of thrashing in the past week or so, wiping out gains made in what appeared to be the start of a possible bull run. As usual, the news feeds vary significantly with predictions of boom or bust depending on the underlying agendas in play by those making comment.

Good news from IBM and Maersk on their announcement of signing up 94 organistations to use their TradeLens blockchain application for managing and tracking shipping containers on a global scale. As industry leaders in their respective fields, their implementation along with the speed of roll-out to partners is impressive to say the least – reported capturing some 154 million events to date and growing at a rate of a million per day – proof, if ever it were needed that blockchain technology is the way forward for the shipping industry.

Online encyclopedia Wikipedia now has a blockchain based competitor in the form of Everipedia. Taking into account that Wikipedia itself is edited by the public (i.e. literally anyone with an internet connection can edit it – sometimes with comical results that end up being used by lazy journalists), one has to wonder why the world needs another one with the only difference being is runs on a blockchain, specifically the EOS network (that has earned more than its fair share of criticism). The only reason really is monetization through the form of IQ tokens being issued to editors and contributors who can then vote on governance issues. No mention at all of any plans to create an encyclopedia that is factually correct and accountable – which would be useful.

A very odd announcement has been released by the TRON Foundation stating they have formed a partnership with Chinese portable toilet supplier Moshroom. The deal will allegedly see both companies promoting portable toilets across South East Asia, with TRON CEO Justin Sun stating “Blockchain technologies are not out of reach for ordinary people. A technology is only worthy when it is able to improve people’s life. The mobile Internet technology has already changed how we live in terms of getting information, mobile entertainment, as well as e-commerce. TRON strives to do the same thing with blockchain technologies. Bathroom experience is a matter of health and dignity for each and every one of us, but it hasn’t received the attention it deserves in many countries. TRON hopes to help MOSHROOM improve bathroom experience for more ordinary people in developing countries, with a focus on cross-border payment settlement. We would like to make sure that this project continues in an effective and healthy manner with a good business model.” Strangely, Moshroom appears to have no website or even any presence on the internet, searching for the Moshroom CEO, Cosmos Wu yields no results either, and when performing an image search using the single image in TRON’s medium post of the announcement, the best guess results are for a wood planning machine. Aside from the appearance of the announcement being little more than publicity stunt, one has to wonder how the deal came about and what was said in the meeting when the deal was struck? The blockchain and cryptocurrency industries have enough to deal with, without literally adding more crap to the blockchain. Blockchain has many uses – but just because you can, it doesn’t mean you should.

Created: Friday, August 10, 2018

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