“Blockchain for Europe” Launched by Leading Global Blockchain Companies

Organised as a weekly newsletter, it presents an overview of the current international blockchain debate. You may find below a selection of the best ideas from the most influential media.
 

“Blockchain for Europe” Launched by Leading Global Blockchain Companies 

Four leading global blockchain companies (EMURGO/Cardano), Fetch.AI, NEM and Ripple) have recently come together to establish an association representing blockchain originating organisations within Europe. With ‘Blockchain for Europe’, they hope to create a unified voice for the blockchain industry in Europe.
The reason behind the launch of the association is that the policy debate in Europe has been fragmented – with inconsistent information from those outside the blockchain sector challenging consensus within it.
The association’s goals are to foster the understanding within EU- and member state institutions on the true nature and potential of distributed ledger (DLT) and blockchain technology, and to ensure that upcoming regulation promotes and boosts innovation in Europe.
The members are organisations whose businesses originate from DLT and blockchain technology. They share a common vision of Europe becoming the global frontrunner in blockchain technology. Blockchain for Europe wants to help Europe to create smart regulation to shape the global agenda on blockchain.
The association hosted, alongside the four largest European Parliament groups, a very successful Blockchain for Europe Summit on 27 November. It brought together stakeholders from around the world, discussing issues such as governance, healthcare, transport, trade, identity, financial market infrastructure and tokens/cryptocurrencies. The debate showcased the potential benefits both for policy-makers and blockchain originating companies when they engage directly and transparently.

December 4, 2018 by Wieke Beenen

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https://www.the-blockchain.com/2018/12/04/blockchain-for-europe-launched-by-leading-global-blockchain-companies/

 
 
Wednerom Asia sday’s blockchain
and crypto news, fand beyond

Binance to launch dedicated blockchain platform: Binance, the world’s largest crypto exchange by trading volume, says its preparing to launch a separate blockchain platform especially for new crypto-currencies and tokens. Speaking at a blockchain event in Singapore this week, for “130 of Asia’s wealthiest and most influential people” – aka the Crazy Rich Asians crypto gathering – Binance enigmatic CEO Changpeng Zhao, or simply “CZ” as he prefers, said his company’s plans to create Binance Chain to help enable the creation of new currencies while also aiding the widespread adoption of crypto as a mainstream payment tool.
Chinese web giants launching ‘faster’ Bitcoin: A project to launch a ‘faster Bitcoin’ token protocol called Conflux has so raised $35 million. A collection of Chinese web giants, led by Sequoia China, are funding the project that claims it can establish a new blockchain protocol to solve Bitcoin’s speed conundrum. Project analysts say the Bitcoin protocol can only add one block at a time to its “chain of blocks” while the Conflux system will permit parties to work on blocks concurrently. Andrew Yao, a Turing Award recipient who is known as China’s “godfather of computer science”, is one of the many notable Chinese academics associated with the project.
Singapore government expands blockchain ecosystem: The Lion City is continuing its march towards regional blockchain leader as Enterprise Singapore, set up to develop the city’s blockchain start-up ecosystem, launches its Tribe Accelerator. The blockchain accelerator program is running in association with TRIVE Ventures, a Singapore venture capital firm, South Korea’s ICON Foundation and PwC Singapore’s Venture Hub. Singapore also recently announced plans to launch a tokenized securities settlement system, to simplify post-trade processes and further shorten settlement cycles.
The Tokyo tax man wants your bitcoin profits: The Japanese government aims to track down those who are evading tax on crypto-currency transaction incomes. Currently, Japan’s National Tax Agency (NTA) can only ask virtual currency traders to submit information on their customers voluntarily and, according to a recent NTA survey, only 300 people declared in 2017 they made at least 100 million yen ($885,000) from cryptos.

December 5, 2018 by Pete Sabine
 
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http://www.atimes.com/article/wednesdays-blockchain-and-crypto-news-from-asia-and-beyond-4/

 

XRP Supported for R3 Consortium’s New Payment Application 

R3, an enterprise blockchain software firm, launched Corda Settler, an application that settles international payments within a corporate network – and it supports XRP.
The open-source application comes as a part of a bigger CorDapp package. It allows participants to issue payment requests and settle them on the Corda network through “crypto-assets” like XRP or any traditional payment protocol that uses cryptographic confirmation for settlement. The Corda Settler also oversees whether requested payment obligations gets executed and updates the Corda ledger if they do – like a blockchain.
“The deployment of the Corda Settler and its support for XRP as the first settlement mechanism is an important step in showing how the powerful ecosystems cultivated by two of the of the world’s most influential crypto, and blockchain communities can work together,” said Richard Gendal Brown, Chief Technology Officer at R3.
The application’s support to XRP strikes a surprising note as both Ripple Labs and R3 were in a court battle with each other. A source close to both the organizations said that the old issues between the two didn’t impact the launch of Corda Settler and that the announcement should assist XRP in gaining a more “legitimate” status.
“While the Settler will be open to all forms of crypto and traditional assets, this demonstration with XRP is the next logical step in showing how widespread acceptance and use of digital assets to transfer value and make payments can be achieved,” Brown said.
In September this year, R3 and Ripple Labs had announced that they reached an agreement on all the ongoing litigations regarding 5 billion XRP units, which Ripple Labs had promised to R3 at a fixed price of $0.0085 at any time before the end of 2019.
The next step for Corda Settler, as reported, is to support deferred settlement and gross settlement payments in real time.
The Central Bank of the Russian Federation in October had announced that it was considering the possibility of joining the international blockchain consortium R3, but the final decision has not yet been made. Also, IPC Systems, a trading technology firm, also entered into a partnership with the R3 blockchain consortium.

December 6, 2018 by Davit Babayan
 
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https://www.newsbtc.com/2018/12/06/xrp-supported-for-r3-consortiums-new-payment-application/

 

Signature Launches Institutional Payments Using Permissioned Ethereum Blockchain 

Commercial bank Signature Bank is launching a new payments platform for institutional clients powered by a permissioned version of the ethereum blockchain.
Developed in partnership with trueDigital Holdings in New York, the Signet Platform lets Signature Bank clients move money in 30 seconds, 24-hours a day, seven days a week by converting U.S. dollars into tokens compliant with ethereum’s ERC-20 standard.
Traditional corporate payments using the Swift interbank platform or the Automated Clearing House (ACH) network  can take as long as three days and are generally unavailable during the weekend, frequently resulting in lost business when opportunities require more swift reactions.
While this early implementation of blockchain is limited in that only Signature customers can use the always-on service, it is also part of a larger plan that could eventually see the bank directly connecting to others without the need of an intermediary.
Signature Bank cofounder and CEO sees the adoption of the private version of ethereum as a case of disrupt or be disrupted.
“We have to do this, otherwise we’re not going to exist,” said DePaolo. “If you’re not involved in blockchain, in five years, you won’t be around as a bank.”
Originally popularized for powering the bitcoin cryptocurrency without the need of banks, blockchains and other distributed ledgers are now being pursued as a way to simplify a number of middle- and back-office workflows in banking and other industries.
Unlike other ethereum tokens that comply with ethereum’s ERC-20 standard, Signature Bank’s digitized dollars, or signets, are designed to only work on the bank's proprietary Signet Platform, and are not expected to interoperate with other exchanges and services built to accommodate the standard.
However, a statement provided to Forbes by trueDigitital indicated this is just the first step to adding other currencies and pairs. “This will significantly reduce costs, counterparty risk and settlement times," said trueDigital founder and CEO Sunil Hirani in a statement.

December 4, 2018 by Michael del Castillo

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J.P. Morgan sees three potential long-term stock winners from blockchain
 
Despite blockchain’s corporate buzz this year, the technology can be tricky to get exposure to as an investor, unless you’re buying bitcoin.
To give clients some less controversial options, J.P. Morgan named three public companies who are potential long-term winners in the emerging technology.
The firm predicted software companies will use blockchain in a similar way to how many currently claim the benefit of machine learning and artificial intelligence. But there are few that J.P. Morgan says will create “material incremental growth opportunities” from the technology.
“Investors should be looking to identify where the opportunity to replace a middleman is the biggest, or where trust is needed where none exists, or what companies are the best positioned to offer blockchain as a service,” J.P. Morgan software equity research analyst Sterling Auty said in a note to clients Thursday.
J.P. Morgan’s bets for that disruption are “middleman displacement opportunities” and “Blockchain as a Service,” which the firm calls “BaaS.” In the bank’s coverage at least three names fit that criteria — Akamai, DocuSign and Ellie Mae.
Cloud service provider Akamai, rated “overweight” by J.P. Morgan, could leverage the “BaaS” approach.
“Rather than building from scratch we see customers looking to utilize a vendor like Akamai that offers its Blockchain capabilities as a service,” Auty said. “While there are a number of companies that have blockchain technology, IBM as one example, we believe the sizeable Akamai network is an inherent advantage in running a distributed ledger in blockchain.”
In this case, J.P. Morgan is advocating for use of closed, permissioned blockchain, also known as just “private.”
Bitcoin by comparison, is the biggest “public” blockchain meaning anyone can join or participate in that network. Its “distributed ledger,” where transactions are recorded can also be seen by just about anyone.
 

November 28, 2018 by Kate Rooney

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