News Jared Tate: Crypto Industry Fuels with Greed



Staff member
Jun 15, 2018
Founder of Digitbyte Jared Tate announced his departure from work on the project due to the “greed and rampant pillaging” of the crypto industry. Jared Tate tweeted that he started working in the blockchain industry 8 years ago. Then he believed that it was this industry that could improve the world in any economic crisis. However, having worked with blockchain and cryptocurrencies for many years, Tate came to the conclusion that greed is a fundamental driving force in the cryptocurrency industry, as in the rest of life. “All 90% of the people care for is cashing out when a coin “moons.” Its a primal force. I get that. But everyday I see this tech being used to enrich the few at the expense of the long term good of the many. The centralization of this industry will be its undoing if we let it,” Jared twitted. He added that if the crypto community uses crypto only for fast profit, this will lead to the centralization of the industry. “Fast money lovers who want to move to their own island” can destroy it. The main goal of the blockchain is not to enrich, but to decentralize and empower ordinary people with equal rights. Tate will direct his efforts and time to new activities, as the cryptocurrency industry is “stuck in the status quo”. At the same time, the creator of Digibyte does not abandon the project, but will focus on using open DGB technology to create his own commercial applications.

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Jun 15, 2018

Jared Tate: Crypto Industry Fuels with Greed
Sejong City in South Korea is developing an identification and verification platform for self-driving vehicles using the blockchain technology. The city will use blockchain to guard and verify the data received from the autonomous vehicles. The budget for the blockchain project amounts to $817,000, and it is expected to be launch next year. Several tech companies, led by LG CNS, the electronics giant’s IT wing based in South Korea, will develop a decentralized identifier (DID) that will be used by autonomous vehicles. The government official of Sejong city expects the blockchain platform to increase the credibility of data by strengthening the security of information shared by cars and their control tower. Sejong city has become the testbed for new technologies in the East Asian country and currently supports some of the most advanced smart city technologies in the world.

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