The Quorum, Ethereum blockchain, would now tokenize gold bars. The miners would be able to gain premiums on the market. The chief of blockchain initiatives at J.P Morgan, Umar Farooq believes that the tokenization of traditional assets would create various opportunities for the global trading markets and stated, “They can track the gold bar from the mine to the endpoint.”
A new set of specifications has been released by the Ethereum Enterprise Alliance (EEA) for the developers who use private versions of Ethereum blockchain. The executive director of EEA explained, “Using the EEA Specification, Ethereum developers can write code that enables interoperability, thus motivating enterprise customers to select EEA specification-based solutions over proprietary offerings.”
Oxfam has associated with a blockchain company called Etherisc aimed at bringing affordable insurance to paddy rice farmers. With the integration, Oxfam would be utilizing the ethereum public blockchain. The insurance chief of Oxfam stated that they are observing “how blockchain can lower costs and increase efficiencies and make it easier for many more farmers.”
Johnny Depp has entered into an agreement with TaTaTu, an Ethereum-powered entertainment Dapp. The platform was launched six months ago and the company managed to raise $500 million through the pre-token sale. Reportedly, the celebrity would work to produce the film and digital content on the platform. The company has already unveiled the beta version of the platform.
The FirstBlood, an eSports platform developed on the blockchain technology has declared the release of the beta for its decentralized application. The gamers have to possess an Ethereum account, 1ST tokens, a copy of the FirstBlood dApp and a Steam username to connect in Dota 2, an online battle arena game. The platform also aims to bring more features.
An announcement has been made by the payment service provider company, Visa, regarding its recent partnership with the technology giant company, IBM, to adopt the Ethereum technology. Visa believes that the fraud during the remittance process could be reduced by implementing the blockchain ecosystem and thereby simplifies the world payments on their platforms.
The Hyperledger and the Enterprise Ethereum Alliance (EEA) has partnered in order to accelerate blockchain adoption for business. The association is regarded as the ‘nature alliance for both organizations.’ The executive director of EEA stated, “Collaborating through mutual associate membership provides more opportunities for both organizations to work more closely together.” The Ethereum developers could submit their projects to Hyperledger.
A well-known blockchain platform based in Brazil, Blockchain Academy has recently introduced the first two Ethereum-based courses in Portugal. The courses are entitled as Ethereum for Business and Ethereum for Developers to commence from the November. The courses would benefit the entrepreneurs, executives, software developers, and professionals who wish to gain deeper knowledge on the emerging industry.
The Austrian government will track and authenticate billions of dollars in public debt using Ethereum blockchain. The Finance Minister of Austria explained, “Blockchain technology is an economic policy focus for us, and with the establishment of the FinTech Advisory Council in the Ministry of Finance, we are developing strategies to help Austria make the best possible use of these developments.”
The TokenSoft has exposed that its engineers have come up with an Ethereum token standard called ERC-1404. The new standard is aimed to be highly secure with transparency and security. The ERC-1404 is ideal for security tokens and other types of tokens. The standard is aimed to support banking, corporate governance and securities laws.