Crypto Fun Facts | Beef Blockchain and Crypto Campaigns

Crypto Fun Facts

Crypto Fun Facts

Welcome to the first edition of our spanking new Crypto Fun Facts, where we cover some lighter and potentially overlooked news pieces of the week. To start things off, let’s start from the beginning. How are your ABCs? A burger coin developed by ecommerce firm JD.com, was announced this Friday. OK, not a real burger coin, more of a beef blockchain. The Chinese company will be using blockchain technology to keep track of Angus beef imported from Australia. Chinese customers have been very suspicious of products imported through various ecommerce businesses, and JD.com’s beef blockchain will attempt to address their concerns by tracking the beef every step of the way, from the green pastures, through the processing plants, all the way to customers’ tables. Whether you think that sounds sad or delicious, you can’t deny that it certainly instills confidence. 

And while the masses love their meat, politicians love their money. And whenever there’s a new way to receive donations and campaign funds, you know that politicians will embrace it. So nobody feels left out of the democratic process, of course. Why else? Either way, cryptocurrencies are now a major factor in campaign finance. Already in 2014, Andrew Hemingway, running as a republican candidate in New Hampshire’s gubernatorial race, became the first politician to receive contributions in Bitcoin. And it wasn’t a minor share, either – BTC donations accounted for a fifth of all contributions received by Hemingway. Since then, the trend has been picking up steam, and so have its detractors. Many bring up the issue of transparency, since, even if cryptocurrencies are supposed to be anonymous, you definitely want to know who might be backing your politicians – what with the question of exerting influence and potential conflicts of interest.

Speaking of the democratic process, if you want to shape involved citizens, you gotta get them while they’re young! Is primary school early enough? Well, the folks behind blockchain startup Melonport certainly think so. For two weeks in February, primary schoolers from Ireland’s Gortskehy National School were given a chance to act as hedge fund managers and use Melon’s network to manage digital assets. The idea was to teach the students about the impact cryptocurrencies have on the financial market. Perhaps they should tech adult classes, as well? Sign us up!

That’s about it for today’s Fun Facts. After a page filled with meat, money, and melons, we hope we managed to make you hungry for tomorrow’s edition, as well!

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