3rd Nov. Blockchain Update…

  1. European Parliament Member: Decentralization via DLT ‘Provides More Security’.

Maltese politician and a Member of the European Parliament (MEP) Roberta Metsola claimed that decentralization powered by blockchain “provides more security,”

Addressing the summit, Metsola expressed a positive stance by the European Parliament (EP) regarding the emerging industry of blockchain and cryptocurrencies. The Maltese politician revealed that the industry’s issues are “of course” on the agenda of the EP, with its members encouraging to move adoption from “vision to reality.”

  1. HSBC, BNP Paribas, StanChart, Others Launch Hong Kong Blockchain Trade Finance Platform.

A new blockchain trade finance platform developed by a dozen banks, among them HSBC, BNP Paribas, and Standard Chartered, launched this week in Hong Kong.

The platform, dubbed eTrade Connect, aims to improve efficiency in the financing of international trade by reducing the time needed to approve trade loan applications from thirty-six to just four hours. HSBC is reported to have earned $2.52 billion in trade-finance revenue in 2017, making it one of the global banking leaders in the industry.

  1. Azerbaijan Targets Utilities, Justice System for Blockchain, Smart Contracts Use.

Azerbaijan is planning to use blockchain and smart contracts in the country’s legal system and housing sector.Speaking to the publication, chairman of the Azerbaijani Internet Forum Osman Gunduz noted that plans for smart contract introduction in these areas by the country’s justice ministry had “attracted attention” at a meeting held Oct. 30.

  1. Malta to Develop AI Strategy Following Success as ‘Blockchain Island’.

The Maltese government has announced the formation of a taskforce to develop a national artificial intelligence (AI) strategy.The Junior Minister for Financial services, Digital economy and Innovation, Silvio Schembri announced the launch of the governmental initiative “Malta.ai,” stating that Malta is aiming to become a top AI nation. He said that the country would develop a friendly regulatory environment for AI much in the same way as it has done for blockchain technology

  1. Intel Meets Blockchain: Cloud Computing Platform Releases New Solution For Data Protection.

On Nov. 1, 2018, iExec, a decentralized marketplace for computing power based in Lyon, France, released its end-to-end trusted execution environment. The developers of iExec describe the technology as “the first Intel SGX scalable solution for businesses to achieve privacy and security in blockchain-based computing.”

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