Crypto.IQ Daily Digest June 28, 2018

BLOCKCHAIN

How Blockchain Can Benefit Space Exploration

IQ THOUGHTS

One major hurdle to the monumentally complicated job of space exploration is nailing down your supply chains. They need to be short and strong to ensure the brave souls willing to literally put themselves out there go fully equipped.

No one wants to run out of toilet paper on the moon, but it’s more than that. According to the article, “NASA researchers have started using blockchain technology to improve the “cognitive networking and computing infrastructure” of deep-space missions in an effort to make better data-driven decisions for autonomous spacecraft. Broadening this blockchain implementation to include a superior means of supply chain management will benefit the economy — making it easier and less expensive to bring products to market — and allow NASA to economize costs without compromising quality.

NASA’s embracing of blockchain tells us they understand the huge benefit it can bring in this area, and as (many of us are) huge fans of space exploration, we love that blockchain is going to play an integral role. Both are important to the future of our species.

EXCHANGES, ADOPTION, TECHNOLOGY

REPORT: Binance Outage Lasted Longer Than It Should Have

IQ THOUGHTS

There’s a lot we like about Binance, particularly its customer service, and especially when you compare it to how other exchanges treat customers. But while we were surprised that the four hour outage they predicted for an upgrade went over by two hours, we’d side with the exchange on this one.

They took a hit for the “overpromise and underdeliver” mentioned in this article, something you don’t see too often about this exchange. But Binance did the responsible thing by making sure a bug they encountered during the upgrade doesn’t cause bigger problems down the road.

Binance explained it this way:

“Without disclosing too much – we did find a bug in the system that could have caused bigger problems had we not taken the extra 90 mins or so that were needed to root it out. Had we not done that, bigger issues could have surfaced. We did the best we could.”