Monthly Archives: May 2020

Artificial Intelligence in Agriculture Market by Technology, Offering, Application, and Geography – Global Forecast to 2026 – ResearchAndMarkets.com -…

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DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence in Agriculture Market by Technology (Machine Learning, Computer Vision, and Predictive Analytics), Offering (Software, Hardware, AI-as-a-Service, and Services), Application, and Geography - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The AI in the agriculture market is projected to grow at a CAGR of 25.5% from 2020 to 2026.

The AI in agriculture market growth is propelled by the increasing implementation of data generation through sensors and aerial images for crops, increasing crop productivity through deep-learning technology, and government support for the adoption of modern agricultural techniques. However, the high cost of gathering precise field data restrains the market growth. Developing countries, such as China, Brazil, and India, are likely to provide an opportunity for the players in the AI in agriculture market due to the increasing use of unmanned aerial vehicles/drones by these countries in their agricultural farms.

By technology, the machine learning segment is estimated to account for the largest share of the AI in the agriculture market during the forecast period.

Machine learning-enabled solutions are being significantly adopted by agricultural organizations and farmers worldwide to enhance farm productivity and to gain a competitive edge in business operations. In the coming years, the application of machine learning in various agricultural practices is expected to rise exponentially.

By offering, the AI-as-a-Service segment is projected to register the highest CAGR from 2020 to 2026.

Increasing demand for machine learning tool kits and applications that are available in AI-based services, along with benefits, such as advanced infrastructure at minimal cost, transparency in business operations, and better scalability, is leading to the growth of the AI-as-a-Service segment.

By application, the precision farming segment held the largest market size in 2019.

Precision farming involves the usage of innovative artificial intelligence (AI) technologies, such as machine learning, computer vision, and predictive analytics tools, for increasing agriculture productivity. It comprises a technology-driven analysis of data acquired from the fields for increasing crop productivity. Precision farming helps in managing variations in the field accurately, thus enabling the growth of more crops using fewer resources and at reduced production costs. Precision devices integrated with AI technologies help in collecting farm-related data, thereby helping the farmers make better decisions and increase the productivity of their lands.

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Companies Profiled

For more information about this report visit https://www.researchandmarkets.com/r/r54x8l

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Artificial Intelligence in Agriculture Market by Technology, Offering, Application, and Geography - Global Forecast to 2026 - ResearchAndMarkets.com -...

How Artificial Intelligence Helped iFlip Save Investor Returns During The 2020 Market Crash – Yahoo Finance

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The markets are historically volatile during thecoronaviruspandemic, throwing conventional risk management strategiesout the window.

Demanddissipated as investors and traders reduced risk into the drop.

The Financial Learning Information Platform, or iFlip, a leading algorithmic intelligence wealth manager, said its trading strategies saved investors 28% in losses in the crash.

What Is iFip?

iFlip is a wealth management app that leverages mathematics to hedge investors out of the market when the risk of a trade is not worth the reward.

The firms investing tools and proprietary trading methods were pioneered by leading Wall Street Trader Kelly Korshak, iFlips co-founder, who worked at the CME Group Inc (NASDAQ: CME), CBOT, Tudor Group, Brevan Howard, and Deutsche Bank AG (NYSE: DB).

Through the use of AI, we are now providing access to long-term investment vehicles that were not available in the past, Korshak said in a statement to Benzinga in January.

The platform reduces uncertainty through statistical modeling and AI, helping iFlips S&P 500 investors generate returns in excess of 400%, over a 15-year period.*

AI Pulls Back Before The Crash

In November, iFlips algorithmic intelligence removed investors from the market due to the risk of near-term reversion.

We got out originally in November of 2010, said Korshak. The algorithmic intelligence felt that the market was overbought.

Back then, the coronavirus was not a concern. Instead, regardless of fundamentals, downside risks exceeded the upside reward on a go-forward basis.

We believe price tells all, said the iFlip co-founder. Fundamental information is interpreted instantly by the markets electronically. We know that information is coming out in real-time and were able to respond to it in real-time.

The market had already made a substantial move from its prior lows, and the probability of a reversion to the mean was too great, he said.

After a small sell-off, the AI re-entered the market in December and defined risk via a dynamic stop.

Navigating The Crash

The ultimate bottom was 32.3%, said Korshak. Literally inside of weeks, ... we lost more S&P 500 points than in the 2008 financial crisis.

On a non-algorithmic basis, active managers suffered tremendously in the crash, further weighed down by fees and mandates, according to iFlip.

The reason mutual funds dont do well beyond their high fee structures is that they are also subject to mandate, said Korshak.

A mutual fund may have a mandate that forces the manager to have 90% of monies invested at any given time to satisfy redemption requests. In passive ETF investments its all-in-all-the-time."

If the market is dropping and a trader takes 90% of the losses, it doesn't do them any favors, he said.

The iFlip AI did suffer some damage in the crash, giving up close to 5%.

Korshak said he made a note about cross-asset volatility and the old mantra that diversification wins out in a fight against losses.

Weve learned this over many occasions over the last 30 years geographical diversification is meaningless over time as we become a global society, he said.

Growing, learning algorithms will always be superior to an actively managed account, the co-founder said. "Even though the correlation of bond and equity prices is still negative, the diversifying element in term of price offsets will eventually decouple in a sustained low-interest-rate environment."

And Korshak is right: when the U.S. market began its sell-off in February, global assets became increasingly correlated, with emerging markets and commodities taking thedive together.

iFlip's Future

iFlip is capitalizing on the recent market crash to introduce a recovery portfolio, an average dollar-weighted custom ETF.

The product is composed of stocks such as Exxon Mobil Corporation (NYSE: XOM), AT&T Inc (NYSE: T), Carnival Corp (NYSE: CCL), Bank of America Corp (NYSE: BAC) andChefs Warehouse Inc (NASDAQ: CHEF).

"If theres a recovery, we think that portfolio will double, and if we think mathematically it is more likely to double than to lose half,it is a bet we should look to take," Korshak said.

If the portfolio were to endure unforeseen volatility, then the AI would leverage its proprietary algorithms to manage risk and hedge out investors, he said.

To learn more about iFlips proven trading systems, visit iflipinvest.com.

*Results over 15 years are hypothetical. Past performance is no guarantee of future performance.

Photo courtesy of iFlip.

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2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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End-use Industries of Artificial Intelligence Systems Spending Product Witness Unparalleled Slowdown Induced by Global Outbreak of COVID-29 – Cole of…

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The report on the Artificial Intelligence Systems Spending market provides a birds eye view of the current proceeding within the Artificial Intelligence Systems Spending market. Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Artificial Intelligence Systems Spending market and offers a clear assessment of the projected market fluctuations during the forecast period. The different factors that are likely to impact the overall dynamics of the Artificial Intelligence Systems Spending market over the forecast period (2019-2029) including the current trends, growth opportunities, restraining factors, and more are discussed in detail in the market study.

As per the presented market report, the global Artificial Intelligence Systems Spending market is projected to attain a CAGR growth of ~XX% during the assessment period and surpass a value of ~US$XX by the end of 20XX. Further, the report suggests that the growth of the Artificial Intelligence Systems Spending market hinges its hope on a range of factors including, emphasis on innovation by market players, surge in the investments pertaining to R&D activities, and favorable regulatory policies among others.

Get Free Sample PDF (including COVID19 Impact Analysis, full TOC, Tables and Figures) of Market Report @ https://www.researchmoz.com/enquiry.php?type=S&repid=2569485&source=atm

Competition Landscape

The report provides critical insights related to the business operations of prominent companies operating in the Artificial Intelligence Systems Spending market. The revenue generated, market presence of different companies, product range, and the financials of each company is included in the report.

Regional Landscape

The regional landscape section of the report provides resourceful insights related to the scenario of the Artificial Intelligence Systems Spending market in the key regions. Further, the market attractiveness of each region provides players a clear understanding of the overall growth potential of the Artificial Intelligence Systems Spending market in each region.

End-User Analysis

The report provides a detailed analysis of the various end-users of the Artificial Intelligence Systems Spending along with the market share, size, and revenue generated by each end-user.

The following manufacturers are covered:Google Inc.Microsoft CorporationFacebook, Inc.IBM CorporationApple Inc.Amazon.com Inc.Intel CorporationInfosys LimitedWipro LtdSalesforce.com Inc.IPsoft Inc.

Segment by RegionsNorth AmericaEuropeChinaJapanSoutheast AsiaIndia

Segment by TypeDeep LearningMachine LearningNatural Language ProcessingMachine VisionAGIASI

Segment by ApplicationBFSIDiscrete & Process ManufacturingRetail & WholesaleMedia & EntertainmentTelecommunications & UtilitiesOthers

Do You Have Any Query Or Specific Requirement? Ask to Our Industry [emailprotected] https://www.researchmoz.com/enquiry.php?type=E&repid=2569485&source=atm

Key Market Related Questions Addressed in the Report:

Important Information that can be extracted from the Report:

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End-use Industries of Artificial Intelligence Systems Spending Product Witness Unparalleled Slowdown Induced by Global Outbreak of COVID-29 - Cole of...

Cryptocurrency Market Update: Bloodbath as Bitcoin nosedives to $8,000, Ethereum $180 and Ripple $0.1780 – FXStreet

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The cryptocurrency market has been painted with one big bearish flag led by the major cryptocurrencies. Bitcoin price plunged from highs close to $10,000 on Saturday to intraday lows at $8,105. Ethereum could not hold above $200 due to its correlation with Bitcoin price. Ether touched lows at $180 but is now trading 11.21% lower at $186. The third-largest cryptocurrency has not been spared as it has spiraled to $0.1780 (intraday low) from Saturday levels above $0.22.

The selloff in the market is taking place less than two days the 2020 block reward halving. The drop was not expected many traders must have been caught off guard. For instance, data by analytics platform Skew shows that liquidations hit highs $226 million.

Other cryptocurrencies have also recorded double-digit losses include Bitcoin Cash (11.5%), NEO (10.66%), Litecoin (10.81%), IOTA (12.16%), EOS (10.91%) and Ethereum Classis (12.83%).

Intriguingly, Bitcoin price bounced off the 61.8% Fibonacci level to exchange hands at $8,611. This shows the willingness of the investors to buy in anticipation of a reversal above $9,000. Also holding the price in place is the 200-day SMA (0$8,053). However, the sharp slope of the RSI suggests that selling pressure is still high in spite of the bounce from the intraday lows. Therefore, other support areas to keep in mind include $8,000, .the 50-day SMA and $7,000.

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Cryptocurrency Market Update: Bloodbath as Bitcoin nosedives to $8,000, Ethereum $180 and Ripple $0.1780 - FXStreet

Investors Who Bought iMining Blockchain and Cryptocurrency (CVE:IMIN) Shares A Year Ago Are Now Up 56% – Simply Wall St

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The simplest way to invest in stocks is to buy exchange traded funds. But you can significantly boost your returns by picking above-average stocks. To wit, the iMining Blockchain and Cryptocurrency Inc. (CVE:IMIN) share price is 56% higher than it was a year ago, much better than the market decline of around 14% (not including dividends) in the same period. So that should have shareholders smiling. In contrast, the longer term returns are negative, since the share price is 33% lower than it was three years ago.

See our latest analysis for iMining Blockchain and Cryptocurrency

iMining Blockchain and Cryptocurrency didnt have any revenue in the last year, so its fair to say it doesnt yet have a proven product (or at least not one people are paying for). So it seems shareholders are too busy dreaming about the progress to come than dwelling on the current (lack of) revenue. Investors will be hoping that iMining Blockchain and Cryptocurrency can make progress and gain better traction for the business, before it runs low on cash.

Companies that lack both meaningful revenue and profits are usually considered high risk. There is almost always a chance they will need to raise more capital, and their progress and share price will dictate how dilutive that is to current holders. While some such companies do very well over the long term, others become hyped up by promoters before eventually falling back down to earth, and going bankrupt (or being recapitalized). iMining Blockchain and Cryptocurrency has already given some investors a taste of the sweet gains that high risk investing can generate, if your timing is right.

iMining Blockchain and Cryptocurrency had liabilities exceeding cash by CA$236k when it last reported in February 2020, according to our data. That makes it extremely high risk, in our view. So were surprised to see the stock up 122% in the last year , but were happy for holders. Its clear more than a few people believe in the potential. The image below shows how iMining Blockchain and Cryptocurrencys balance sheet has changed over time; if you want to see the precise values, simply click on the image.

In reality its hard to have much certainty when valuing a business that has neither revenue or profit. One thing you can do is check if company insiders are buying shares. Its usually a positive if they have, as it may indicate they see value in the stock. Luckily we are in a position to provide you with this free chart of insider buying (and selling).

Its nice to see that iMining Blockchain and Cryptocurrency shareholders have received a total shareholder return of 56% over the last year. Theres no doubt those recent returns are much better than the TSR loss of 1.4% per year over five years. This makes us a little wary, but the business might have turned around its fortunes. Its always interesting to track share price performance over the longer term. But to understand iMining Blockchain and Cryptocurrency better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. Weve identified 6 warning signs with iMining Blockchain and Cryptocurrency (at least 4 which are potentially serious) , and understanding them should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

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Investors Who Bought iMining Blockchain and Cryptocurrency (CVE:IMIN) Shares A Year Ago Are Now Up 56% - Simply Wall St

Review – Cryptopia: Bitcoin, Blockchains and the Future of the Internet – Cointelegraph

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Cryptopia: Bitcoin, Blockchains and the Future of the Internet is filmmaker Torsten Hoffmanns follow up to his award-winning 2015 documentary Bitcoin: The End of Money As We Know It.

His first film looked at the history (and failings) of money and the financial system, and how Bitcoin was poised to revolutionize and solve many of its problems. Now, Cryptopia brings us up to date with the current state of play in the world of cryptocurrency and blockchain.

The documentary is split into three acts.

First we get an introduction to the fundamentals of Bitcoin, recapping the problems with traditional finance from the earlier film and highlighting Bitcoins initial stated purpose as peer-to-peer digital cash.

Hoffmann talks about the benefits of Bitcoin with a veritable whos who of industry figures, from Wences Casares, to Andreas M Antonopoulos and Laura Shin. We also see how and why big banks and governments have kicked back against the top-ranked cryptocurrency.

We then move on to Bitcoins explosive growth in value since the first film, and repositioning from digital cash to digital gold.

Hoffmann revisits Roger Ver, who had previously espoused Bitcoin as a fast and cheap method of moving money around the world, to investigate the block-size debate and eventual fork of Bitcoin Cash.

He also speaks to Blockstreams Samson Mow, for his take on the split, along with Charlie Lee, founder of Litecoin.

The film then moves on to tackle the move from one blockchain to hundreds of blockchains. Hoffmann explains the concept of smart contracts and the Ethereum network, speaking to Vitalik Buterin, Vinny Lingham, and Tone Vays for their opinions, both positive and negative.

Hoffmann takes a look at the initial coin offering, or ICO, phenomenon, bringing blockchains and currencies for every conceivable purpose, along with a wave of scams and fraudsters into the space.

We see how big business and finance is co-opting blockchain technology, sometimes through the use of private centralized networks. We see the tokenization of traditional securities and totally new forms of assets.

Through looking at the examples of the development of the motor car and the early internet, Hoffmann highlights similarities with todays blockchain industry.

He notes the rise of internet censorship in certain jurisdictions, and discusses the potential of blockchain to overcome this. We also consider the hegemony of tech giants and their control of our information and identities, looking at the possibilities of decentralization to overcome this.

To round up, the film considers the possibilities of Decentralized Finance, or DeFi, although notes the controversy created following the DAO hack and subsequent rollback of the Ethereum blockchain.

Hoffmann finally talks to Craig Wright (who behaves exactly as expected), touching on the Bitcoin Cash/Bitcoin SV split, and finally coming full circle to Satoshis disappearance and how this has worked for Bitcoin.

The film has been professionally researched, shot, and put together. It assumes no prior knowledge of the subject, and follows a well structured story, making it accessible to all.

Hoffmanns style and delivery works well. He is authoritative yet friendly and open, being unafraid to challenge or poke fun at characters like Craig Wright, while always being even-handed and letting people speak.

Sure, for those who are already invested in the industry and technology, there is little new to learn here, but for the uninitiated it is an excellent primer into a world that they may have heard about, but not really understand.

For me personally, both this film and Hoffmanns previous documentary made me incredibly proud to be part of this movement that is literally changing the world.

My only criticism (and it is a minor one) is the song which plays out over the credits. Penned by Hoffmann himself and Malaysian singer, Prema Yin, it is a powerful, soulful number, rousing the spirits until you listen more closely and realise that it is about cryptocurrency.

To be fair, it is probably the least cringe-inducing cryptocurrency-related song that Ive ever happened across, with intelligent lyrics and a proper decent tune. However this is a bit like being the least cancerous case of sunburn; the end consequence still consists of a pair of bright red cheeks.

Sorry, and maybe this is just me, but the worlds of cryptocurrency and music (both of which I love individually) should never cross paths.

However, I have no hesitation in recommending this film, which is available to stream now at cryptopiafilm.com for a price of just under 9 Australian dollars ($5.88)... and you can always make a cup of tea when it gets to the credits.

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Review - Cryptopia: Bitcoin, Blockchains and the Future of the Internet - Cointelegraph

Coinbase CEO Says New Cryptocurrency Bill Would Have Major Impact on Future of Finance – The Daily Hodl

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Coinbase CEO Brian Armstrong says a new bill being considered by lawmakers in California would have a major impact on digital assets and the future of finance.

The legislation seeks to change the meaning of securities under state law to exempt certain cryptocurrencies. Lawmakers and regulators in the US have struggled to clarify which digital currencies are securities within the context of the Howey Test, a federal metric used to determine if a particular asset qualifies as an investment contract.

According to the proposal, assets whose profits do not fully depend on the management efforts of third parties will not be considered as securities.

This bill would create an exception from the above definition by providing that a digital asset meeting specified criteria is presumptively not an investment contract within the meaning of a security. The bill would allow that presumption to be rebutted upon good cause shown by clear and convincing evidence by the Commissioner of Business Oversight, as specified.

If approved, California would be one of the first states in the nation to set a clear definition of digital assets, and Armstrong believes it would position the West Coast as the main hub for a new financial ecosystem.

This would be huge for California if it happens ensuring the future of finance is built on the west coast.

So many startups are struggling with this right now the current securities laws are well intentioned, but stifling a lot of innovation right now.

Featured Image: Shutterstock/oneinchpunch

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Coinbase CEO Says New Cryptocurrency Bill Would Have Major Impact on Future of Finance - The Daily Hodl

Cryptocurrency EOS fell by 21% – The Times Hub

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EOS cryptocurrency was trading at a price of $2,3268 at 19:40 (16:40 GMT), according to the index Investing.com on Sunday, fell by 20.76% during the day. It was the most spectacular fall in the value of cryptocurrencies since March 12.

The fall provoked a reduction of the market capitalization of EOS to $2,2159 B, or 0.00% of the total capitalization of all cryptocurrencies. While earlier peaks capitalization of EOS was $17,5290 B.

In the past 24 hours the EOS was trading in the range of $2,3235 to $2,7545.

In the last 7 days cryptocurrency EOS felt the fall of the within lost of 15.85%. The EOS amount of currency traded in the last 24 hours before the date of publication of this material was $4,9433 B or 0.00% of the total volume of all cryptocurrencies. The course was varied in the range from $2,3235 to $2,8443 in the last 7 days.

At the moment EOS is still below 89,87% from their peak values, amounting to $at 22.98, which was reached April 29, 2018..

Bitcoin is trading at $8.474,3, according to the index Investing.com fell by 15.09% during the day.

The Ethereum cryptocurrency was trading at $the 183.50, according to the index Investing.com this fall by 15.97%.

The market capitalization of Bitcoin is $158,5983 B or 0.00% of the total capitalization of cryptocurrencies, while the capitalization of cryptocurrency Ethereum is $20,7050 B or 0.00% of total market capitalization.

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Cryptocurrency EOS fell by 21% - The Times Hub

CRYPTOCURRENCY MARKET TRENDS ANALYSIS, TOP MANUFACTURERS, SHARES, GROWTH OPPORTUNITIES AND FORECAST TO 2027 3w Market News Reports – 3rd Watch News

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The Global Cryptocurrency Market report draws precise insights by examining the latest and prospective industry trends and helping readers recognize the products and services that are boosting revenue growth and profitability. The study performs a detailed analysis of all the significant factors, including drivers, constraints, threats, challenges, prospects, and industry-specific trends, impacting the market on a global and regional scale. Additionally, the report cites worldwide market scenario along with competitive landscape of leading participants.

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Leading Players in the Cryptocurrency Market: Bitfinex, BitFury Group, Bitstamp, Coinbase, Coinsecure, Litecoin, OKEX Fintech Company, Poloniex, Ripple, Unocoin Technologies Private, ZEB IT Service

The Cryptocurrency market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years. This intelligence study also encompasses the revenue share, market size, market potential, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.

Competitive landscape:

The Cryptocurrency Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies to increase their market share. The vendors engaged in the sector are outlined based on their geographic reach, financial performance, strategic moves, and product portfolio. The vendors are gradually widening their strategic moves, along with customer interaction.

Cryptocurrency Market Segmented by Region/Country: US, Europe, China, Japan, Middle East & Africa, India, Central & South America

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CRYPTOCURRENCY MARKET TRENDS ANALYSIS, TOP MANUFACTURERS, SHARES, GROWTH OPPORTUNITIES AND FORECAST TO 2027 3w Market News Reports - 3rd Watch News

5 US States That Are Exploring the Potential of Cryptocurrency and Blockchain – Coin Idol

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May 09, 2020 at 08:18 // News

The US is known for its controversial attitude to blockchain and cryptocurrency. Despite speculations about their government exploring the possibility of launching a digital dollar, the country's financial regulators such as the SEC demonstrate hostility against companies working in the sector.

Nevertheless, some separate States of the country are actively exploring the potential of various use cases for blockchain and cryptocurrency to boost various industries, while others revise their existing regulations to make them more friendly.

An amendment to the Securities Law which clearly sets the standard for securities classification of digital assets has been proposed to the California State Assembly. The new bill would dare that digital assets including Bitcoin and other cryptocurrencies arent legal securities in the State.

The revised bill doesnt contemplate, consider and regard digital assets which meet certain criteria as investment contracts for securities. With the exception of the specific digital assets, this amendment explained that virtual assets which meet certain criteria may not be investment contracts.

Therefore, this bill is considered to have reflected the federal standard Howey Test to ascertain whether an asset should be invested. It also indicates the possibility that SECs standards could affect state and federal law. California is one of the globes biggest technology hubs and is considered as a key experimental center for high-tech policy in the US.

Following a recent proposal by Democrats in the Ohio House of Representatives to streamline safety, integrity, and privacy issues of overseas navy electorates, the state might see a blockchain e-voting system ushered in.

The idea was proposed by representatives Beth Liston and Michele Lepore-Hagan, and backed by 16 different Democrats called upon Ohio Secretary of State Frank LaRose to launch a pilot program exclusively for serving officers in the navy missions abroad.

Of late all internet-reliant voting systems, including those employing blockchain technology, have been criticized by safety researchers and experts on grounds of secrecy, safety and verifiability and Ohios proposal that emphasizes that putting those concerns at the centre only comes in handy.

However, against all the scrutiny, blockchain technology is widely looked upon to enhance speed and transparency in electoral processes. Moreover, Ohio is actually not the first state to look into blockchain voting. West Virginia became the first US state to explore blockchain technology in voting at the 2020 Presidential Elections, as coinidol.com, a world blockchain news outlet, has previously reported.

In late April, another US state announced its willingness to adopt innovations. Thus, the Governor of Kentucky announced the establishment of a Blockchain Technology Working Group to explore the implementation of blockchain in utility sectors.

Its aim is to explore how the technology is able to improve this industry - from bill payment records to the quantity of resources consumed to make bills for electricity, gas and water more accurate. Besides, when all the data is recorded on a blockchain, it is impossible to forge or fake them in any way, so the citizens will be sure they pay for what they consume.

While the Group has just started its work, so it is too early to talk about any results, such a move clearly demonstrated the willingness of the Kentucky government to explore practical implementation of innovative technologies and their benefits for the States citizens.

The implementation of blockchain technology is not new. Many countries have been exploring to use it as a decentralized registry for various sectors. But now it seems to attract interest from government bodies.

Thus, the Governor of Maryland has officially signed a bill allowing to use decentralized databases for storing and distributing data including stock ledgers; records of issuances, transfers, cancellations of shares of stock; voting trust agreements; bylaws; minutes of events, happenings or proceedings of the stockholders; and yearly statements of affairs.

Such permission would allow institutions to apply blockchain in various sectors, thus enhancing their security and transparency. Besides, the use of the distributed ledger will facilitate many processes allowing to avoid bureaucratic red tape in many sectors.

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5 US States That Are Exploring the Potential of Cryptocurrency and Blockchain - Coin Idol