March 4 – 5 Key Stories From The Digital World

By March 4, 2019 Insight

1.  Super League Gaming CEO on Leading the First Public E-Sports Company

  • This week marked a major milestone for the gaming industry: Super League Gaming became the first e-sports company to go public.
  • The company, which hosts in-person competitions for amateurs that it streams on Twitch and YouTube, held an initial public offering on Tuesday.
  • We work with the retailers, the game publishers, broadcasters, content partners, like our existing relationships with companies like Viacom and Nickelodeon as the business-to-business aspect.

2. ExxonMobil, Chevron and Five Others Form Global Oil and Gas Blockchain Consortium

  • Seven global oil and gas firms, including American industry giants ExxonMobil and Chevron, have partnered to form a blockchain consortium
  • The so-called Oil & Gas Blockchain Consortium, residing under the Offshore Operators Committee (OOC), intends to conduct proofs of concept (PoC) in order to explore and apply the benefits of blockchain, as well as contribute to global adoption of the tech.
  • …creating the consortium is an important step towards establishing a basis for blockchain-oriented standards, frameworks and capabilities for the oil and gas industry.

3. Japan Aims To Automate All Convenience Stores By 2025 With A New RFID Technology

  • There are 55,743 convenience stores as of December 2018, according to the Japan Franchise Association and the number has been solidly increasing since 1970s.
  • The Japanese government began to deal with the labor force crisis that would affect the retail sector especially hard.
  • METI made an agreement with five major convenience stores…to introduce electronic tags for all products sold in their convenience stores by 2025, which is estimated to be 100 billion products annually.

4. Germany to invest €58 billion in electric, autonomous cars

  • …more than €40 billion ($45.5 billion) will be spent over the next three years on e-mobility, and another €18 billion has been earmarked for digitization, alongside connected and autonomous driving.
  • Over the same period, German car makers plan to triple the number of electric and hybrid models to about 100.
  • …without the move away from the combustion engine, the European Union’s 2030 carbon dioxide (CO2) emission reduction targets will not be met.

5. 2018 Was The Best Year On Record For New US Unicorns

  • More US startup unicorns were born in Q4’18 than in any other financial quarter in history, capping off the best year on record for unicorn births in the United States.
  • In 2018, 53 new companies hit a $1B+ unicorn valuation, up 83% from 2017 figures and 26% higher than the previous record in 2015.
  • One of the possible drivers behind the increased creation of new unicorns is an increase in growth- and later-stage funding rounds, as well as the increased frequency of $100M+ mega-rounds.