The Intrepid Report Issue #52 – Blockchain Review

Here’s what’s in store for you this week: Business spending on developing blockchain technologies has continued to grow, a documentary of a 21-day Bitcoin challenge provides an alternative perspective to crypto adoption in China. We’ve got thoughts from the Blockchain Review on Smart Cities and the new digital economy, as well as insights on human security in the fourth industrial revolution, and much more. Check it out below!


Key news highlights. What’s going on in the world of Blockchain?

Palestinians Are Using Bitcoin to Transact Across Borders Amid Conflict
The While Palestine is not the only politically and economically isolated part of the world where cryptocurrency is making inroads, it’s somewhat unique among these markets in terms of the drivers – and limitations – to adoption. For example, Palestinians do not face the kind of hyperinflation that drives Venezuelans, Iranians and Turks to hodl a digital currency with a limited supply. But another core property of public blockchain networks is particularly appealing in the Palestinian territories: censorship-resistance.
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Business Spending on Blockchain Development Reaches $1.7 Billion
Despite hurdles to use-cases, business spending on blockchain is rising as more enterprises to leverage the technology in automating and streamlining back-office processes. The increasing spending coincides with greater realization over the difficulties of using blockchain for many enterprises. Despite the challenges, At least two-thirds of the survey respondents expect blockchain to deliver “meaningful change” in one area of their business within two years with nearly all seeing change coming in five years.
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The 21-day Bitcoin Challenge
Here’s a documentary series currently airing on iQiyi, China’s Netflix equivalent, about a Chinese bitcoin enthusiast who attempts to survive 21 days by merely living on 0.21 bitcoin, or $1,300, without any help or donations. Given the sheer number of China’s crypto bans, readers who live outside of China may be led to think that there is a bleak outlook for the cryptocurrency environment on mainland China. But this Bitcoin challenge reveals a refreshing perspective on the crypto awareness of people living in these local cities as well as the power of WeChat.
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The latest insights, thoughts, and analysis from the Intrepid Team

Blockchain, Smart Cities, and the New Digital Economy
A technologically accelerating and globalizing world means governments in both developed and developing countries must tackle increasingly complex issues. From economic volatility to mass migration, money laundering, and terrorism, here’s how blockchain technology can be used to build smarter cities, attract human capital and cultivate Industry 4.0.
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Articles, white papers, ebooks, and more

How to Build a Model for Human Security in the Fourth Industrial Revolution
Cyber attacks and data fraud/theft are among the top 5 risks most likely to happen to us in the next 10 years. How can we confront the threats to human security posed by the dark side of the Fourth Industrial Revolution? The answer lies in the essence of a nexus between human security, economic security and sustainable development, and technological progress. Here’s how we can build trust and integrity in a hyper-connected society.
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Experts Weigh in on Stablecoins
Stablecoins are designed to maintain a consistent value, either because they are backed 1:1 with fiat currency, utilize collateral or employ an algorithm that adjusts supply accordingly based on activity. While the opportunities related to stablecoins are clear, many challenges still need to be addressed. Read on for views from both ends of the spectrum about this new group of cryptocurrencies.
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Bitcoin Drop Beneficial in Building Market Foundation
Last year, the cryptocurrency market saw unprecedented levels of speculation and interest, as national television networks and mainstream media outlets continued to fuel hype around the emerging asset class. While the bear market of cryptocurrencies in 2018 was devastating for every investor in the market, the correction was needed to ensure that developers and companies within the sector can build proper infrastructure to handle the next wave of interest and demand.
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Updates on what we’re up to and our upcoming events

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We’ll Be at Blockchain Fair Asia 2018
Collin Thompson, our Co-founder and CEO will take part in a panel “How to Survive in the Crypto Bear Market” with leading VC professionals to discuss the challenges faced by blockchain start-ups in South East Asia at the Blockchain Fair Asia (October 11-12, 2018 Manila). Come say hi if you are around!
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Metabase Network Blog
Many of you have been asking for more information on the Metabase Network project. Here are the updated articles, news, and technical deep dives on our project blog. We would love to hear suggestions and feedback from our community on what articles your would like to see next! Feel free to send us a message on Telegram or our live chat on the blog.
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Want to learn more about blockchain? Check out our new micro-site How Does the Blockchain Work, a clear and non-technical guide on how blockchain, Bitcoin, and Ethereum works, and more. Check it out.

Interested in learning from leading entrepreneurs in the blockchain world? Check out our Founders in Focus interview series on YouTube. A show where we uncover the personal stories and journeys of founders and innovators from the crypto sphere.