they are looking at how they can employ the blockchain.rope, in estonia, a tiny forward thinking country, it is looking at using blockchain and even issuing its own cryptocurrency to fund a sovereign wealth fund. they are using it in energy to test it. china has been looking at the central bank issuing a token. we have the chinese looking also at putting data online by blockchain. dubai wants all of its documents in blockchain by 2020. and then across south korea, japan, the list is endless. it seems as though the countries are racing to get ahead of the technology. emily: government validation could go a long way. if government organizations are testing this technology, could that also pave the way for increased business adoption across the private sector? caroline: i think it could. i think this would be a real validation. at the moment, the problem has been the link between blockchain, bitcoin volatility. there have been worries about its use in fraud, though gotten gains. think of it tied to the likes of the silk road, the dark web whe

but you can put it on the blockchain when you put it on the blockchain it can't be changed like doing a crossword puzzle in pen. if you do a crossword puzzle in pencil, your friends are like did you do it? did you cheat? if you do it in pen, they know if you crossed it out. blockchain records it in a way that everybody trusts the information -- >> the way it was described to me was the idea that when you buy a home, there's always these different constituents, component parts. the buyer and seller, but there's the bank, the -- >> you have to do ridiculous things like a title search, all of those documents could be passed along in an open ledger, right? >> let me use the example for food safety. that's what we're talking about today with this announcements with these food companies. when you have food, it's grown -- let's say it's grown in mexico you have a papaya grown in mexico you ship it, put it through a packager, processor, cold storage, distribution center, retailer all of these people have information about when something was picked, when it arrived. what was done to it. whethe

blockchain technology offers that promise. by that.is excited one of these banks or financial institutions try to create a currency. try to create a stable store woulda would be -- that rival a national currency. that is the promise land i think are hoping to go to. emily: when it comes to the blockchain, real estate, giant technology companies. .> sale of information emily: where do you think the blockchain could be the most revolutionized. that an exaggeration? >> to me what's exciting about a it is like the internet system where scalability is not a problem. the scale of market you have today, if you can take that off the table an issue, you can almost anything. what remains to be seen is can will find this most appealing. haves current state, we only experiments. consumers are not interacting this regularly. we're going to run that experiment and see. me that parts, to is really exciting. it makes it worth going through what i think is going to be further issues around the so called currency part of this discussion. emily:

you are active in developing blockchain applications. blockchain linked to cryptocurrencies let's just delve into the craze around cryptocurrencies now and the icos going on. do you think it's a bit of a bubble >> i think with it being -- if we're to call it a bubble is a bit of a stretch we're at the dawn of a new era of financing for start-ups, the difference between vc financingt you're investing in more than one currency for a vc, when you get into a company, you're in it for the long haul. either they make it or they don't. with a token that you buy for an ico, with that, when it's listed on an exchange, you can get out early. you can set a stop loss as a vc. so the risk premium is much lower. >> should we not be asking questions when this ico frenzy means that so far this year, 3 $1.3 billion has been raised for icos it's easier to get money for icos than for venture capital funding. should we not be more skeptical. >> it's the beginning of a trajectory will there be ups and downs? definitely will there be corrections in the market

blockchain capital did its own ico. 80 different countries in the world.o, you released your own tokens. what about the ico market? be u.s. said these would regulator bold securities. how does that affect to the plethora of ico's that we see coming from the market? spencer: i think overall it is welcomed. we have been looking at this and seeing something that is wonderful universally empowering , technology allowing people to participate on a global scale. that is a good part of it. the bad side is that the market is attracting a lot of the penny stock pumpers, and outright scammers as well. so the sec showing that they are paying attention, is overall a good signal for the market and we have seen similar moves across the world from other financial regulators. caroline: as someone has a smart -- smartphone at the ready, wanting to get into this particular asset class, tell me how i would go about doing that? and also tell me how i would make sure that i am not duped by the scammers that are out there and buying the wrong ico, had -- how do i make sure i am

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some of them are investing in blockchain capability.y are trying to get in and understand it and get behind some of the startups to see if blockchain is going to be part and therefore if there is an opportunity for them to get more deeply involved. my view is they will start to embrace this much more. caroline: ripple is the number three cryptocurrency. we sit in a financial services hub that is london. you have new york. where are the winds in terms of fintech? russ: i think we will see multiple hubs. i think london and new york will do very well from this because you have a lot of talent already here. the valley will do well. china is investing in this heavily. there is a lot of coin mining going on in china -- bitcoin mining going on in china. you will have pockets of expertise around the world. i don't know if there will be one center, but there may be six to eight centers. i think london and new york will be one of those -- two of those. caroline: is it something you have been hearing more people start to become accepting up and wa

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and using blockchain to help prevent fraud. so get back to it and do the best work of your life. back. let's get you caught up with what's happening now. breaking news with the chemical explosion at the arkema plant. we are not discerning that 10 harris county deputies have been taken to the hospital after inhaling fumes from the plan. as you heard the reporter down in crosby, texas, they can be considered toxic. an evacuation order in crosby, texas. headlines this morning, president trump and his national security team sending out mixed messages about north korea. trump suggested it is close but defense secretary mattis of the u.s. is never out of diplomatic options. no mixed message on this. two u.s. nuclear-capable bombers conducted a joint operation with air force personnel today over the korean could do. the u.s. connected to airstrikes yesterday with hundreds of islamic state militants from relocating to a stronghold in the area near the border with iraq. militants were evacuated from the lebanese syrian border. the french magazine charlie had still has taken a lot of -- ja

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this is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe.ransaction secure from hacks and threats others can't see. this is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. this is not the cloud you know. this is the ibm cloud. the ibm cloud is the cloud for enterprise. yours. the ibm cloud is the cloud for enterprise. only new tena intimates has ♪ it'pro-skin technologyiend designed to quickly wick away moisture to help maintain your skin's natural balance. for a free sample, call 1-877-get-tena. >> jon: live pictures from the coast of texas as hurricane harvey moves in. let's check in with lauren blanchard. live in galveston, texas. how's it looking? >> it's quite windy here. the rain has let up in the last bit. we were getting pummeled by sustained winds. rain and wind. at this point, we are just getting wind. we haven't seen any of the flooding they are getting down in corpus christi but galveston is under a tornado warning. folks really watching out for that as local authorities are

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this is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. financial transaction secure from hacks and threats others can't see. this is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. this is not the cloud you know. this is the ibm cloud. the ibm cloud is the cloud for enterprise. yours. the ibm cloud is the cloud for enterprise. we danced in a german dance group. i wore lederhosen.man. when i first got on ancestry i was really surprised that i wasn't finding all of these germans in my tree. i decided to have my dna tested through ancestry dna. the big surprise was we're not german at all. 52% of my dna comes from scotland and ireland. so, i traded in my lederhosen for a kilt. ancestry has many paths to discovering your story. get started for free at ancestry.com. >> welcome back to our continuing coverage of the disaster in texas. among the many communities hit hard is the community of galveston. we are live with an update. lauren. >> what we are seeing here in galveston, in galveston c

and using blockchain to help prevent fraud.o get back to it and do the best work of your life. >>> all right. some life pictures right now over houston. you can get a sense of how much water is still there. muddy. thick water. filled with all kinds of dangerous debris. and don't forget. so much of the city, most of the city in fact hasn't lost power yet so power lines down and lec trip currents still a major, major concern. thousands of people still vulnerable and it could stay ta way for weeks. of course, the buffalo bayou which you've heard so much about, filled with water, still flowing. more than flowing. still gushing. cnn's alisyn cam mer rot ta on the bangings. >> reporter: you and i spoke exactly 24 hours ago. i will give you my report on what has transpired in the past day. the continues ever rapidly changing. i was in this spot yet but if i were exact lir in this spot i would have been chest deep in water. let me just walk you around. the i'm about to be standing here on what is now, today, a sand dune. there's not no

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this is a diamond tracked on a blockchain - protected against fraud, theft and trafficking. this is a financial transaction secure from hacks and threats others can't see. this is a patient's medical history made secure - while still available to their doctor at their fingertips. this is an asteroid live-streamed to millions of viewers from 220 miles above earth. this is ai trained by experts in 20 industries. your industry. hello. this is not the cloud you know. this is the ibm cloud. built for your business. designed for your data. secure to the core. the ibm cloud is the cloud for enterprise. yours. ♪ ♪ >>> good morning. john berman here. i want to go to charlottesville. we have pictures where people are beginning to assemble for the memorial service for heather heyer. 32 years old, she was the young woman who died on saturday or was