Blockchain News 03.07.2018

Blockstream launches tokenized assets tool on Bitcoin-backed liquid sidechain

Blockchain startup Blockstream announced a new custom token creation platform on Monday.

The firm launched the Issued Assets (IA) program on its Bitcoin-backed Liquid sidechain, allowing users to create their own tokenized assets. These tokens can represent any sort of financial instrument, including fiat currency, crypto assets or attested assets (such as gold coins), as well as more novel types.

Users can also adopt Confidential Assets to enable private transactions between blockchain assets, ensuring only the parties involved in a transaction will know the asset type and value being traded.

Users can conduct atomic swaps between Bitcoin and IA that include altcoins, meaning that a Bitcoin can be exchanged for an asset in a single transaction without using intermediaries. Finalizing a transaction takes less than 2 minutes.

UK food watchdog trials blockchain for meat inspection

The UK’s Food Standards Agency, the FSA, a safety watchdog, announced it has successfully piloted a blockchain-based supply chain monitoring system which provides “improved transparency” throughout the supply chain.

Both slaughterhouses and the FSA tracked data provided in the trial.

FSA’s head of information management, Sian Thomas, said his agency thought:

“Blockchain technology might add real value to a part of the food industry.”

A slaughterhouse in particular was chosen because its “work requires a lot of inspection and collation of results” he said.

European banks complete first live blockchain-based financial trades

A group of European banks announced they have completed a series of cross-border financial trades through a jointly developed blockchain platform.

The live transactions on involed 9 banks.

Built on IBM’s Blockchain Platform, was established to boost the efficiency of cross-border financial transactions.

Parm Sangha, IBM’s blockchain lead in Europe said;

“As has moved from pilot applications to conducting live transactions across borders, it has demonstrated the power of blockchain technology in an enterprise setting.”

Switzerland successfully trials blockchain-based voting system

Zug, a city in Switzerland known as the “Crypto Valley,” has successfully completed its first test of a local blockchain-based voting system.

The Swiss city launched an e-voting pilot platform built on blockchain technology as part of the city’s efforts to embrace the technology. The voting process took place between June 25 and July 1, and stored both polling information and residents’ IDs on the system.

Korea’s most popular mileage program may convert cash points to crypto

The company behind OK Cashbag, the oldest and most popular mileage point program in South Korea, is considering a plan to convert cash points accumulated by its users into cryptocurrency.

The existing user base of OK Cashbag is over 35 million users, and the number of merchants where consumers can spend their rewards totals more than 50,000 affiliated stores.

And, while SK Planet could not calculate the exact amount of its reserve, the company said the total points on its balance could be worth over $100 million.

Blockchain News 03.07.2018


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