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Policy
Bahamas Securities Regulator Proposes Token Trading Rules
Bahamas Securities Regulator is promoting a new framework for token projects that aims to turn the island nation into a jurisdiction of choice for blockchain startups. The Bahamas Securities Commission has submitted a draft bill to regulate token offerings that are not considered securities, which sets out procedures for registering such offerings and informing the authorities and investors of details of the sale.
More than a dozen super-large banks build blockchain settlement system
Reuters reported that citing people familiar with the matter, about a dozen global super-large banks will invest US$50 million to establish a physical operation project called Fnality, using the area Blockchain technology creates a digital cash system to settle financial transactions. The system could be launched next year. While it’s unclear which big banks have participated in Fnality’s investment round, reports point to a previous project called the “Utility Settlement Coin” (USC), which was launched by Swiss banking giant , UBS , and London tech startup Cleramatics. First proposed in 2015, it aims to develop a system to improve the efficiency of settlement and clearing in financial markets. In addition to UBS, the USC project also includes a number of banks including HSBC, the largest bank in the UK, Deutsche Bank, the largest bank in Germany, and Santander, the largest bank in Spain.
Industries
ABN AMRO Launches Blockchain Platform for Commodities Industries
ABN Amro is looking to launch a blockchain platform for the commodities industry that leverages the Internet of Things to communicate directly with physically traded inventories. Last year, the bank partnered with Accenture (Accenture) to develop a standalone product for the platform called "Forecefield". The platform communicates with inventory through IoT, sensors and NFC chips, monitoring merchandise — often collateral for loans.
Vhen made a public proposal for Ethereum 2.0
Vhen recently made a public proposal for Ethereum 2.0. The proposal argues that phases 0 through 2 do not need to be in order. Most of each stage can be processed in parallel. The proposal proposes various aspects such as token migration and sharding construction. Ethereum 2.0 development is divided into 3 stages. Phase 0 focuses on the beacon chain and other core parts required to build the foundation of the other phases, such as building the blockchain network, signature schemes, randomness, etc. Phase 1 focuses on the mechanics of a chain of 1024 shards running independently. In Phase 2, the focus is on the execution engine, transaction space building, account models, etc.
Facebook registers new fintech company with business involved in blockchain
Facebook has formed a new fintech company, Libra Networks LLC, according to a document in the commercial registry in Geneva. According to official documents, the company, registered in Geneva on May 2 by Facebook Global Holdings II LLC, provides services in the financial and technological fields, as well as the development and production of software and related infrastructure, especially in connection with investment activities, payment operations, financing , identity management, data analysis, big data , blockchain and other technology related services. It is reported that Facebook registered the “Libra” trademark with the U.S. Patent and Trademark Office in June 2018 as part of its secretive internal cryptocurrency project.
Quotes
Coin Market Quotes
Bitcoin (BTC) Quotes on May 17, 2019
(Huobi Pro, USD denominated) Amplitude: 12.70%
Volume: 6.740,000
May 17, 2019 Ethereum (ETH) market
(Huobi Pro, USD-denominated)
Increase: -7.56%
Volume: 1.8361 million
People
Andreas Antonopoulos
Bitcoin security expert
Sceptical about the use of blockchain technology in IoT devices Benefits, think this is no different from using a dedicated IoT database. He said that many people use the term blockchain to solve problems that are actually digital signature databases, mostly mixing the terms IoT and blockchain to produce some new solutions.
Yan Dongshun
Chairman of Zhongbang Bank
Blockchain and other technologies provide support for private bank innovation
Fintech provides a lot of support for private bank business model innovation. Zhongbang Bank has successfully applied blockchain, , cloud computing, , artificial intelligence, big data, Internet of Things and other new generation information technologies to provide more efficient, more convenient and more inclusive services for small and micro enterprises' financing, realizing the scene Customer acquisition, intelligent risk control, standardized products, and open empowerment. In addition, they will also explore the development model of Internet transaction banking based on the underlying technologies of blockchain and the Internet of Things, making full use of big data, cloud computing, artificial intelligence and other technologies. ( Xinhuanet )
Anant Kadiyala
Senior Director of Blockchain and IoT at Oracle
Combining blockchain with other technologies is the real key to its adoption
Before blockchain technology is as ubiquitous as smartphones, many obstacles remain , one of the hurdles is the lack of complementary technologies, which also require companies to develop before blockchain technology can realize its full potential. All technologies, each one participates in itself and reaches a certain level of maturity. When they were linked, there was a certain degree of reverberation from then on.
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