June 25, 2024

Decentralized Reddit, blockchain courses and other initiatives

Distributed ledger technology remains one of the hottest trends among financial,government and commercial organizations worldwide. ForkLog Magazine offers an overview of the most interesting initiatives of the past week.

Commun social network launched

Commun developers announced the launch of a social network, which is positioned as a "decentralized Reddit."

"Decentralized Reddit", blockchain courses and other initiatives


So far, the social network is in beta mode, it is based on Steemit technology.

“Commun is a social network made up of decentralized, autonomous communities, acting as a web, Android and iOS portal where users can create interest groups”, Says a post on Steemit.

According to the developers, points are provided for content creators and commentators, which can then be converted into Commun tokens.

“Unlike Steemit, which is more likely a blogging platform, Commun is like Reddit.”, - the creators of the new product emphasize.

Earlier, the head of the Binance exchange, Changpeng Zhao, expressed the opinion about the advisability of creating a social network on the blockchain.


The tweet appeared shortly after the news about cryptocurrency blocking YouTube videos.

Africa Blockchain Institute to open blockchain school in Rwanda

African Blockchain Institute (ABI) plansopen in 2020 in Rwanda a school for the study of distributed registry technology for local developers, specialists in various industries and officials. This is reported by the Cointelegraph.

ABI Executive Director Kayode BabarindHe noted that the courses will be devoted to the use of blockchain in the corporate field, marketing and law. According to him, a similar initiative has already been launched in Ghana in an experimental mode.

In addition to educational activities, ABI and Blockchain DLT Rwanda Association are developing recommendations on creating a regulatory framework for blockchain and cryptocurrencies on the African continent.

University of California, Santa Barbara Completes First Certified Blockchain Course

University of California, Santa Barbara has announced the completion of a course on distributed ledger technology (DLT), which was conducted for students studying information technology.

The course was organized by the non-profit organization Blockchain Acceleration Foundation (BAF), which promotes and massively introduces DLT.

“The purpose of the course was to teachtruly curious computer science students the basics of blockchain - technology that can transform the most established institutions and radically change corporate governance ”“- BAF President Cameron Dennis said.

University Course "Distributed Technologyregistry ”includes materials on the Proof-of-Work consensus algorithm, the Ethereum virtual machine, the creation of smart contracts in Solidity, algorithmic stablecoins, zero-disclosure evidence, and other blockchain-related topics.

American organization COSO will release a guide on the use of blockchain by corporations

Committee of Sponsoring Organizations of the Treadway Commission(COSO), an institution that develops recommendations on various aspects of corporate governance, will release a guide to strengthen control over the use of DLT in supply chain management and financial services. It is reported by CoinDesk.

COSO representatives note that asIntroducing new technologies, including blockchain, artificial intelligence and cloud computing, attackers exploit “all new vulnerabilities that allow gaining control over information systems”.

The organization emphasized that thoughtful system design based on new technologies can significantly reduce security risks.

The recommendations are expected to be published in the first quarter of 2020.

National Payment Corporation of India Introduces Varja DLT Platform

Established by the central bank, the National Payment Corporation of India (NPCI) introduced the Varja DLT platform.

According to NPCI representatives, the platform is designed to make payments, settlements and clearing operations safer, faster and more efficient.

NPCI members are 56 financial institutions,including the National Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC.

This week we also reported:

  • Tencent will create a cryptocurrency use case study group;
  • The Central Bank of South Korea will create a working group to study the digital currencies of central banks;
  • Shenzhen Stock Exchange launched an index of 50 blockchain companies.