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On August 31 the CEO of the firm Viabtc, Haipo Yang, published a blog post proposing the establishment of a standardization organization like the World Wide Web’s W3C consortium. Haipo Yang wants to start a similar group called the Bitcoin Cash Standard Organization (BCSO) in order to create standards and achieve better transparency when it comes to BCH consensus proposals.
Also read: How to Monitor the BCH Stress Test and Get Involved
Some of the crypto industry’s biggest exchanges are joining with the Winklevosses in an effort to bring self-regulation to a market that many perceive to be fly-by-night and unstructured.
Five months following its creation, the Virtual Commodity Association (VCA) has onboarded Bittrex, bitFlyer USA and Bitstamp, a site update reveals. A press release detailing the developments indicates that the VCA plans to hold its inaugural meeting in September 2018. On the docket for deliberation, the association plans to discuss membership guidelines, best practices for productive self-regulation and staffing appointments for the VCA’s executive director and board of directors.
In today’s edition of Bitcoin in Brief we cover a couple of stories that show how the cryptocurrency industry is trying to police itself. One group of companies has begun working on the formation of a self-regulatory organization and another has created a 100 BTC whistleblower reward pool.
Also Read: 44% of American Executives Think “Blockchain Is Overhyped”
Blockchain technology’s immense potential, while well-documented, continues to get lost in the hype surrounding the increasing value of cryptocurrencies and the oft-astronomical raises of initial coin offerings (ICOs).
Though it has ushered in one the most disruptive technologies in decades, the distributed ledger movement remains in its infancy stage, relative to its potential application and scalability.
The healthcare sector, however, is one area where robust conversations about distributed technology applications are occurring at an accelerated pace. Now, a fast-moving startup firm known as TrustedHealth is blazing a new path toward securely digitizing and decentralizing the way patients seek treatment for specific conditions.
Being an entrepreneur is a great feeling, getting to run your own business and forge a path for yourself. But at the same time, being an entrepreneur brings forth a lot of responsibility and many other things to be taken into account. Luckily for all aspiring entrepreneurs, there are a few basic tips that will go a long way in one’s career.
Don’t be mistaken in thinking being a CEO of your own company means there will be few responsibilities on your plate. Especially during the first months – or even years – an entrepreneur will have to fill multiple roles, including CFO, CTO, marketing guru, customer support, and many others. An entrepreneur’s job is never finished, and there is always room for growth.
