News on Other Public Protocols
An announcement regarding the launching of Corda Token SDK has been made by an enterprise blockchain software firm, R3. The launching of Token SDK 1.0 now allows the users to create native tokens on the Corda blockchain as it claimed to offer unique privacy, security, regulatory friendliness, strong identity layer, tight integration and many more in terms of the security of the cryptocurrency assets.
The automation giant firm, Siemens is currently eyeing on blockchain technology to enhance the car sharing marketspace. The head of cybersecurity and blockchain of Siemens Corporate, Andreas Kind explained, “There’s a big transformation happening. So in the future, there will be many more opportunities around mobility services, rather than simply selling a car, and you see it already in the context of carsharing for instance.”
A patent for a blockchain-powered payment system has been awarded to a credit card company based in South Korea, Shinhan Card. An official at Shinhan explained, “We obtained the patent about a year and a half after we initiated a feasibility study, including technology reviews. We are seeking measures to make the patent valid in European countries, the U.S., Japan, China, Vietnam, and Indonesia.”
One of the major cryptocurrency exchange Binance has announced that it has has completed an upgrade to its blockchain Binance Chain called Galileo v.0.6.0. In its announcement: “Some business plans decide to lock certain amount tokens for pre-defined periods of time, and only vest in the future according to the schedules. For example, some projects may lock some allocation of the issued tokens as a commitment by the founding team; some business scenarios also need to lock some tokens as collateral for value.”
The US Chamber of Digital Commerce is all set to organize a blockchain education days with the aim to educate the members of the emerging technology. In its post: “This new platform, proposed to offer a payment solution using a blockchain, has drawn some of the most unusual and alarming statements from policy makers, including calls to ask industry to halt innovation and concerns around global financial stability,”
The Ultra ecosystem to utilizes blockchain technology to establish a first-class computer game distributed platform which will be featuring loyalty programs, advertisements, trading of digital goods and so on. Ultra will be accepting traditional forms of payment such as Paypal and credit cards where the fiat currency enters the system and will be converted to UOS on the backend.
A partnership has been made between major South Korean firms in launching a blockchain-powered mobile identification system. The collaboration has made between KEB Hana Bank, Woori Bank, KOSCOM, mobile carriers SK Telecom, KT, LG UPlus, and tech mammoth Samsung Electronics with a target to develop a self-sovereign identity system that does not require any intermediaries and service aims to allow users to store personal information like resident registration numbers, bank account numbers etc.,
A state in Brazil, Bahia is eyeing on the implementation of the blockchain solution called the Online Bid Solution (SOL) which was built by company named Cayenne Technology and Design, which will then allow regulators to see if there have been any discrepancies with regards to the data. It is also revealed that the application is already available via the Google Play Store and the Apple App Store.
The NASDAQ has recently visited its first and only blockchain project in China, Ultrain last week officials from NASDAQ Asia and New Listings have visited the firms premises. Ultrain has stated in their website that they have successfully built an easy and affordable products using distributed, efficient and secure technology innovation to support enterprises and developers and aims to become worlds’ no. 1 commercialize public blockchain.
The co-founder of Wiki & an epistemologist, Larry Sanger has shared his views on the internet, blockchain and knowledge. Sanger has explained regarding Everipedia, an encyclopedia powered by blockchain technology, “We’re still figuring out a lot about blockchain. Yes, there are DApps that will work pretty well, but I think, ultimately, the mature blockchain technology of the future is still quite a ways off.”
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