The previously disclosed project, known as the "utility settlement coin," was first proposed by Swiss bank UBS Group AG and London-based technology startup Clearmatics in 2015. It aims to develop a system to make clearing and settlement in financial markets more efficient. (reut.rs/2wLsV3c)
Around a dozen banks are investing in a new entity called Fnality which would run the project, one of the people said.
The deal has not been finalized so details may change. The new system could launch in 2020, the person said.
Big Four auditing firm KPMG has identified the top four skills needed for a blockchain-related career, in a press release shared with Cointelegraph on May 16.
KPMG suggests that an increasing number of companies will investigate blockchain technology this year. “Blockchain projects will not succeed or scale without a multifaceted team that goes beyond technologists,” the firm states, thus identifying the four major skills needed for a career in the industry.
KPMG argues that the successful deployment of blockchain tech depends on professionals with both technology literacy and business acumen.
ConsenSys, in partnership with LVMH and Microsoft, announced on Thursday AURA, a platform that aims to serve the entire luxury industry with powerful product tracking and tracing services, based on Ethereum blockchain technology and utilizing Microsoft Azure. AURA makes it possible for consumers to access the product history and proof of authenticity of luxury goods, from raw materials to the point of sale, all the way to second-hand markets.
Several brands of the LVMH Group, such as Louis Vuitton and Parfums Christian Dior, are currently involved, and advanced discussions are underway to onboard additional brands from the LVMH Group, and other luxury groups globally. For Louis Vuitton, the development of the AURA project is the culmination of the traceability program (Track & Trace) launched more than three years ago.
The luxury goods industry involves many specialized actors design, raw materials, manufacturing, and distribution. LVMH products have a unique story to tell throughout the product life cycle that can now be revealed through the use of blockchain technology. During production, each product is recorded on the shared ledger, irreproducible and containing unique information.
“In the last bull cycle, crypto got big enough to threaten securities regulators. In the next bull cycle, it will get big enough to threaten central banks. Things may get ugly. Major shifts in power usually don't happen without a fight.”
纽约最高法院的法官Joel M. Cohen在周四发表的一份意见书中指出：1.命令Bitfinex和Tether高管和员工停止将Tether的储备借给Bitfinex，以及其他任何一方，除非是正常业务；2.除工资和正常承包商、顾问或供应商付款外，Tether不能将其储备金中的任何资金分配给高管、员工或其他个人；3.Bitfinex和Tether都能以任何方式修改NYAG原始传票中要求的文件；4.禁令将在90天后到期，但NYAG办公室可以请求法院在此前两周延长。
A New York judge ordered crypto exchange Bitfinex and its affiliated stablecoin issuer Tether to turn over documentation about a loan and a line of credit Tether provided to Bitfinex.
Judge Joel Cohen, of the state’s Supreme Court, echoed comments from a preliminary hearing held last week in New York City in an opinion published late Thursday, ordering Bitfinex and Tether execs and employees stop loaning Tether’s reserves to Bitfinex, alongside a number of other stipulations during an ongoing investigation by the New York Attorney General’s office (NYAG).
“The Court finds that the preliminary injunction should be tailored to address OAG’s legitimate law enforcement concerns while not unnecessarily interfering with Respondents’ legitimate business activities,” he wrote.