While many blockchain projects, which involve major banks, exchanges and technology firms, have not gone beyond the testing phase, almost every day new blockchain-related announcements show that the industry is not giving up. This time, we found EOS and Deloitte in the news.
It seems that EOS, a blockchain project, has found a new partner in the world of music streaming.
EOS Alliance co-founder Brock Pierce confirmed, per a report from South Korean news agency NSP, that the alliance would “provide a range of business acumen and support” for Chinese-owned South Korean service Soribada.
Soribada says it is developing an international, EOS-powered, blockchain- and AI-based music distribution platform. The streaming service will team up with cloud wallet solution provider CoinPayments to build the platform.
Soribada was once known as South Korea’s answer to Napster, but changed its business model to provide legal streaming and music downloads in the late 2000s, eventually becoming one of the country’s largest music platforms.
In 2016, it was acquired by Shanghai ISPC, an affiliate of both the Shanghai Municipal Government and the central government’s Ministry of Commerce.
Meanwhile, auditing firm Deloitte has released a blockchain demonstration kit named “Blockchain in a Box” (BIAB). The kit is designed to help blockchain startups showcase their products and solutions to potential clients and investors.
The company says that its new product, which comprises four compute nodes, three video displays and networking components, is a “mobile, self-contained technology platform capable of hosting blockchain-based solutions.”
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Deloitte also says that BIAB will “enable integration with external services, such as traditional cloud technology.”
The nodes have SD compatibility, which, the company says, will allow BIAB users to conduct “rapid selection and exchange of demo solutions.”
Deloitte says the kit will help “demystify” blockchain for clients through “tangible” demonstrations.
Linda Pawczuk, Deloitte’s blockchain leader in the United States, said, per a company press release,
"What is often misunderstood about blockchain is that it is an entirety of a technology solution. In reality, it’s a technology component that enables larger business applications and approaches.”
However, as reported in July, a review of 33 projects involving large companies announced over the past four years and interviews with more than a dozen executives involved with them show the technology has yet to deliver on its promise.