On November 16, the Hong Kong-based blockchain startup Crypto.com announced that it is planning to issue its prepaid card, MCO Visa Card, in the United States. The company says the card has been approved for launch in partnership with its local bank partner Metropolitan Commercial Bank. Its metal cards promise up to two percent token rewards with its native MCO token, airport lounge access (select cards), tap-and-pay functionality, as well as competitive interbank rates.

Convert crypto to fiat with a few taps

According to Crypto.com, users of the MCO Visa Card can easily convert their crypto to fiat using the mobile wallet to be spent at over 40 million locations worldwide, online and offline. However, the company highlights that users need to exchange crypto to fiat currency first via Crypto.com’s Wallet before transacting.

The company began shipping cards to Singapore users in October, and says it currently has reservations for over 100,000 cards.

The blockchain startup says that the cards come with no annual or monthly fees, and no-fee ATM withdrawals.

The company’s official announcement quotes Mark DeFazio, President and CEO of Metropolitan Commercial Bank, who said that they are pleased to work closely with Crypto.com, as “the MCO Visa card is quite unique and provides a bridge between the traditional banking and cryptocurrencies in a safe and compliant way.”

Card reservations are made through a Crypto.com’s Card & Wallet App available for iOS and Android users.

More than a card

Crypto.com believes their product range will be useful for both crypto newcomers and experienced users. In addition to the MCO Visa Card, the company has created products that are geared towards making cryptocurrency more accessible to a broader group of customers.

Crypto.com’s Wallet is designed to securely buy, sell, send, store, and track a range of cryptocurrencies including Bitcoin, Ether, XRP, Litecoin, Binance Coin, and its own MCO Token. Crypto Invest is a tool to help democratize quant trading. Crypto Credit, which is not yet released, will allow customers to “spend crypto without selling.”

Crypto.com assures, that their App is easier to use than some other platforms. For example, buying cryptocurrency requires only a few taps compared to the complex process of other wallets, the company says. With Crypto.com’s Track Coin feature, users can track coins, compare exchange rates and prices, and sort coins by capitalization, performance, and volume.

Crypto.com Co-Founder and CEO Kris Marszalek said, “Our vision is to put cryptocurrency into every wallet, and the upcoming card roll out in the United States is a huge step in that direction. Our products are beautifully designed to connect the fiat and crypto worlds and drive mass market adoption.

About the project

The company was founded in July 2016. Crypto.com was formerly known as Monaco until its rebrand to Crypto.com in July 2018. The founders had raised $26.7 million during their token sale in June 2017. Crypto.com is headquartered in Hong Kong.

This post credited to cointelegraph Image source: Cointelegraph

In an official statement, the Ukranian government confirmed its plans to establish regulatory frameworks to legalize crypto in the region.

As a part of an initiative to consider and acknowledge cryptocurrency as an emerging technology, the Economic Development and Trade Ministry in Ukraine released a new state policy to oversee various cryptocurrency-related sectors which will be put in full effect by the end of 2021.

Two-Part Plan

Throughout 2018 and 2019, the government of Ukraine will integrate regulatory frameworks to strictly govern the local cryptocurrency exchange market. Crypto trading platforms will be required to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) systems to help local authorities monitor the market.

By 2020, the government plans to delve into the cryptocurrency mining industry, smart contract protocols, and taxation, as the second part of the initiative to recognize cryptocurrencies as an asset class and an established industry.

cryptocurrency mining

Researcher Denis Zarytsky stated that the official document released by the government of Ukraine outlined a 5 percent tax payable by entities and individuals with cryptocurrency holdings, a rate that is substantially lower than other regions like France and the UK that have over 10 percent tax on cryptocurrency investments.

Regions that have recognized cryptocurrencies as properties impose higher taxes, as Japan and Australia have done in the past. In early 2018, both Japan and Australia removed double taxation on crypto.

“They aim to determine guidelines for token classification. Additionally, they will be touching upon issues that relate to smart contracts and cryptocurrency mining. Therefore, this work will be ongoing. There will be two separate stages to the implementation of this new state policy. The hope is to have this policy in full effect by 2021. In addition to the new state policy, the government notably has brought in a new taxation bill. This outlines a new 5% tax that is payable by entities and individuals with cryptocurrency holdings.”

In October, Yuriy Derevyanko, a member of the anti-corruption Movement of New Forces and a legislator of Ukraine, called for the complete elimination of taxes on crypto by the end of 2020.

Derevyanko firmly stated that crypto has the potential to become one of the major markets of Ukraine and a driving force of the country’s economy.

“I believe we need to impose a moratorium on taxation of [the crypto] area for the next 10 years. We have to regulate and legalize this segment, which will become an engine for a new economy.”

Currently, both the opposing and the ruling party of Ukraine remain positive on the long-term growth of the cryptocurrency sector and blockchain technology.

The positive sentiment towards the new asset class in the country could lead to a sped-up process of implementing the policy drafted by the government to legalize cryptocurrencies within the next three years.

Falling Back Behind Japan and South Korea

Singapore, South Korea, Japan, Switzerland, the UK, and France as of late have shown significant progress in terms of regulation and infrastructure establishment to facilitate increasing demand towards the asset class.

While local experts remain optimistic regarding the three-year plan of Ukraine, some have expressed concerns in the timeframe of the initiative and that the period of three years could allow other emerging cryptocurrency markets to take first-mover advantage.

This post credited to ccn Images from Shutterstock

From Visa’s potential entry into the world of crypto to a new app bringing XRP to social media, here’s a look at some of the stories breaking in the blockchain metaverse.

Visa & Crypto

In a new interview with CNBC’s Jim Cramer, Visa CEO Al Kelly says Visa is prepared to implement cryptocurrency if need be.

“If we actually think that crypto starts moving from being more of a commodity to actually really being a payment instrument…

If it goes in that direction, we will move in that direction. We want to be in the middle, Jim, of every payment flow in the world regardless of how it happens or what the currency is behind it. So if we have to go there, we will go there. But right now, it’s more of a commodity than a payment vehicle.”

BitcoinNew data reveals Bitcoin adoption is on the rise in Canada.

According to a report from the Ontario Securities Commission and the Bank of Canada, the number of Canadians who own Bitcoin went from 2.9% in 2016 to 5% in 2017.

“The increase in Bitcoin ownership was seen more in certain demographic groups. The 18-to-24 age group, already one of the main users of Bitcoin in 2016, grew the most in ownership, from 6 to 14% in 2017. Most other age groups saw increased ownership as well, but the differences were usually not significant. The exception was the 45-to-54 age group, where ownership grew almost four times over from 0.9 to 3.5%.”

Ripple and XRP

In a new interview with the UK fintech outlet Bobsguide, Ripple’s head of strategic accounts says there’s little reason for Ripple to collaborate with the international payment network Swift.

“If you look at the value of Swift versus Ripple, it’s hard to see the incentive for us to collaborate. Swift may want to chat. They may see value in Ripple and the model that we’re developing.

I think it’s very important to keep things clean and focused. That’s how we’ve succeeded up until now. The entire stack we’ve created is fresh and new and free of legacy. It’s a very elegant proposition from top to bottom. We don’t really want to pollute that. Whether there’ll be some commercial arrangement, I don’t know.”

Meanwhile, the popular XRP Tip Bot just released an app for iOS and Android. The platform allows anyone to send XRP to users on Twitter, Telegram and Discord.

Tron 

Tron founder Justin Sun and Binance CEO Changpeng Zhao met up at the United Nations in Geneva, Switzerland to boost blockchain’s use in the non-profit sector of the economy.

At the World Investment Forum, Zhao unveiled his company’s new blockchain-based donation portal, the Blockchain Charity Foundation. Tron recently contributed $3 million in donations to the new initiative.

TRON Foundation

@Tronfoundation

TRON is proud to join @binance in discussing the implementation of blockchain innovation to the non-profit sector at the . Leaders @cz_binance and @justinsuntron are paving the way to utilize tech for social good. @UNDP https://finance.yahoo.com/news/binance-unveils-blockchain-based-donation-160000702.html 

EOS

Sign-ups are open for the next EOS hackathon. The event will be in San Francisco, from November 10th – 11th.

Block.one

@EOS_io

After a truly enjoyable experience meeting participants at the London EOS Hackathon, we’re thrilled to announce that our CTO Dan Larimer (@bytemaster7) will join the panel of judges at the next in San Francisco. Sign up here https://eoshackathon.io/events/san-francisco/ 

EOS Hackathon in San Francisco | EOS Global Hackathon

See you in San Francisco for the next hackathon at The Village on Nov 10-11, and join us in building the future of decentralized applications on EOSIO.

eoshackathon.io

Litecoin

A new video of Litecoin creator Charlie Lee on a panel at the Money20/20 conference in Las Vegas is now online.

Lee joins the founder of Elixxirto David Chaum to talk about privacy and security in the digital age.

 This post credited to Daily HODL  Image source: Daily HODL

Cybersecurity company Recorded Future has released a lengthy expose claiming that North Korea uses cryptocurrency to skirt U.S.-imposed economic sanctions alongside a shady network of collaborators and enablers in Singapore.

The company claims that in addition to mining coins like bitcoin and monero, North Korean leaders have also been involved in promoting cryptocurrency scams that have bilked investors around the world of millions of dollars.

North Korea’s Technology-Backed Evasion of Sanctions

North Korea’s use of cutting edge technology to get around the effects of economic sanctions imposed on Kim Jong Un’s regime is well documented. In September, CCN reported that Washington-based financial experts Lourdes Miranda and Ross Delston accused North Korea of using crypto mining and coin scams as means of generating revenue. Earlier this month, CCN also reported that a notorious North Korean hacker group called “Lazarus” is responsible for the theft of more than $571 million in cryptocurrency.

The Recorded Future report claims that North Korean leaders mine bitcoin and monero at a relatively small scale, with the bulk of their efforts in the cryptocurrency space from the first quarter of 2018 to date now focused on exploiting growing worldwide crypto awareness for the purpose of launching investment scams. Two coins in particular are identified as North Korean scam projects, namely HOLD coin and Marine Chain.

HOLD Coin, also previously known as Interstellar, HUZU and Stellar (not to be confused with XLM) used a fraudulent staking scheme to collect investor money, having been variously listed and delisted across a number of exchanges before disappearing with all funds.

Marine Chain on the other hand, was part of a more sophisticated scam that runs right to the heart of the North Korean government’s ability to consistently diminish the effectiveness of UN-imposed economic sanctions that would ordinarily cripple the regime. Billed as a tokenisation framework for maritime vessels, an investigation by Recorded Future into Marine Chain revealed a complex network linked to Singapore with potentially far-reaching implications for cybersecurity in Southeast Asia.

The Singaporean Connection

According to information gleaned from LinkedIn, an advisor called HyoMong Choi and the CEO of Marine Chain, Captain Jonathan Foong Kah Keong are the key figres in Marince Chain’s fradulent activities. Capt. Foong reportedly has connections to Singaporean companies that facilitate North Korean activities designed to circumvent U.N. sanctions. Activities these companies have been involved in include manipulating flag registries for three countries to give prohibited North Korean vessels the ability to sail under flags of convenience.

This means that more than just being a run-of-the-mill cryptocurrency scammer, Capt. Foong is actually part of the key strategy employed by the North Korean regime to skirt sanctions that should ordinarily make it the most isolated regime on earth, and keep itself in power. The appearance of Capt. Foong in the context of North Korean crypto scams is significant of a wider pivot in the regime’s criminal activities as it looks to harness the possibilities presented by a new wave of technology including blockchain technology.

This post credited to ccn Image from Shutterstock.

Beijing Sci-Tech Report (BSTR), China’s oldest media publication covering the tech industry, has announced it will offer subscriptions payable with Bitcoin (BTC), local media outlet Guangming reported Sunday, September 30.

An evidently rare occurrence from China, were government pressure has forced crypto exchanges and Initial Coin Offering (ICO) operators to halt activities over the past year, BSTR says it wishes to promote blockchain and crypto use through “practical actions.”

“[S]ubscribers can pay subscription fees to the specific bitcoin receiving address of the newspaper to complete the subscription,” Guangming confirms.

The product on offer is an annual subscription to the publication’s ‘Tech Life’ magazine, which costs 0.01 BTC (about $65).

Chinese authorities continue to clamp down on trading and promotional operations related to cryptocurrency, Cointelegraph reporting on fresh efforts to tackle overseas platforms by blocking access to them online in August.

At the same time, owning and investing in cryptocurrency is not officially illegal.

Responding to queries about the BSTR move on social media, Chinese cryptocurrency news commentator cnLedger underlined the fact that by offering a Bitcoin subscription, the publication was not breaking the law.

“Owning and investing in crypto is not banned,” it wrote.

“Otherwise Jihan (Wu, CEO) of Bitmain and Leon (Li, CEO) of Huobi would be among the first ones to get fined/caught. Thousands if not millions would have been arrested already (large amount of OTC tradings).”

 

This post credited to cointelegraph  Image source: Cointelegraph

Blockchain technology continues to thrive in India. In contrast, the stance toward cryptocurrencies remains negative and unfriendly. So much so that major crypto exchanges like Zebpay were forced to shut down.

Cryptocurrency Exchanges in India Forced to Close Shop

The situation regarding crypto in India continues to deteriorate. A lack of proper regulations, as well as a generally negative stance toward blockchain technology has led to cryptocurrency exchanges being forced to terminate their services.

Due to the Central Bank of India’s diktat, other banks of the country are not allowed to undertake any transactions even remotely related to cryptocurrency trading. According to Zebpay’s blog post, this situation has damaged the Zebpay’s business, but it has also ‘crippled’ its customers’ ability to transact business in any meaningful way.

Since the exchange was not able to find an alternative way to conduct its business, it is now forced to shut down. Meanwhile, the Reserve Bank of India (RBI) remains unsympathetic to the exchange’s troubles. This negative stance towards cryptocurrencies has only intensified after the price surge of late 2017. In fact, the bank issued a ban on lenders in April 2018, ordering them to immediately cease all business dealings that include cryptocurrencies.

The RBI was then taken to court because of this decision, but the country’s supreme court has yet to rule on the matter. The process will likely take quite a lot of time, which cryptocurrency exchanges simply cannot afford. As mentioned, Zebpay, and likely other exchanges as well, attempted to find an alternative way to conduct their business, but to no avail.

Blockchain Technology Continues to Thrive

In contrast to the cryptocurrency situation, it would appear that India is still very supportive of the blockchain technology itself. The country’s NSE (National Stock Exchange) has announced tests of a new use case for this technology. According to their announcement, they plan to introduce e-voting via blockchain for various companies listed on their platform.

The project’s pilot will involve connecting the regulator with companies, as well as the RTA via blockchain. Right to vote will be tokenized, and the evaluation of this test will be based on auditability of various on-chain actions and the complexity of conducting the entire process.

NSE’s Sankarson Banerjee has stated that blockchain’s immutable nature can ensure complete transparency of each action taken by network participants. In addition, synchronization of the process of vote counting will be possible in real time thanks to the smart contract framework. Such features will ensure the creation of a new environment where corporate governance and compliance will be significantly improved.

The blockchain used in the voting process will be created through the use of Elemential platform’s Hyperledger framework.

Elemential Lab’s CEO, Raunaq Vaisoha, also commented on the pilot by stating that blockchain will enable an immutable trail of all activities in real time. This is seen as a significant move toward clear and highly transparent corporate governance. It will also present a new standard that other companies will be aspiring to achieve.

 

This post credited to News BTC  Image source: News BTC

A blockchain developed by CSIRO, Australia’s national science agency, in collaboration with the University of Sydney, has completed a global test on Amazon’s ubiquitous cloud computing network to process 30,000 transactions

As reported yesterday, the ‘Red Belly Blockchain’ – developed jointly by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the Concurrent System Research Group (CSRG) at the University of Sydney – was put to use in a successful trial on Amazon Web Services (AWS), a popular cloud infrastructure provider.

While the blockchain has previously been tested to scale substantially – up to 660,000 transactions per second– on a single localized network of 300 machines, the full scale of its trial on AWS has now been revealed.

Deployed across 1,000 virtual machines in 14 of 18 geographic regions serviced by AWS, “a benchmark was set by sending 30,000 transactions per second from different geographic regions, demonstrating an average transaction latency of three seconds with 1,000 replicas”, a CSIRO announcement confirmed.

The geographical locations of the nodes running the blockchain include North America, South America, Europe and the Asia Pacific (Sydney).

Fundamentally, the experiment was to showcase the Red Belly Blockchain’s scalability while retaining the technology’s core characteristics in security and speeds, the agency said. Their blockchain relies on a unique consensus mechanism that performs and scales without adhering to the ‘proof of work’ mechanism used by popular public blockchains like bitcoin and ethereum.

“Real-world applications of blockchain have been struggling to get off the ground due to issues with energy consumption and complexities induced by the proof of work,” Dr Vincent Gramoli, senior researcher at CSIRO’s Data61,” Dr Vincent Gramoli, senior researcher at Data61 and head of the university research group said.

He added:

“The deployment of Red Belly Blockchain on AWS shows the unique scalability and strength of the next generation ledger technology in a global context.”

Concurrently, the CSIRO is also part of a data consortium with technology giant IBM that is actively developing a large-scale, cross-industry blockchain platform dubbed the Australian National Blockchain (ANB). The nationwide blockchain platform will be powered by smart contracts.

This post credited to ccn Featured image from Shutterstock.

EU Finance ministers who gathered in Vienna last week have agreed to slow down and not act hastily in regulating the emerging crypto markets in Europe.

According to reports, after the meeting when Vienna finance ministers met a press scrum, they have agreed not to rush to regulate the market.

Irish finance minister Paschal Donohoe told the press:

“…the EU will be acting carefully in this area.” German finance minister Olaf Scholz explained the Vienna meeting aimed to ensure policy makers understand the challenges faced by the new cryptocurrency space and that they were in a position “in which they’re able to act.”

Gabriele Giancola, CEO and Co-founder of qiibee, the Swiss loyalty token protocol helping brands around the world run their loyalty programs on the blockchain, commented:

“There’s already been a significant shift towards a more transparent market and, ultimately, it is still a win-win situation for Europe: if the results of the analysis by the European authorities show that increased regulation is needed, this will only prove to be positive for the wider acceptance of the crypto and blockchain space. However, if the opposite is true, and the analysis shows that there is no imminent need to further regulate the space, that should reignite confidence in the space.

“Individual national solutions to the regulatory challenge would not make much sense, given the high degree of interconnectedness of the EU market. The fact that individuals are often invested across different countries will also make it difficult to alleviate the risks involved. Even if individual countries were to set up their own regulations, we can expect this to vary greatly from country to country, posing an issue for regulators once it comes to unifying regulations in the EU.”

“As blockchain technology has the potential to transform the business landscape and make its mark across many different sectors, it is imperative that policymakers become more accommodating with the development and adoption of blockchain technology. Specifically, we need policymakers to actively invest in first understanding the technology and then adapting regulations in a way that won’t impede the further evolution of the technology.”

Nicolas Gilot, Co-CEO of blockchain-powered gaming distribution platform Ultracommented:

“In the race to regulate crypto, I don’t think there is a need for European legislators to rush to find a solution to govern the market. The EU is potentially waiting to take a cue from America — as a pioneer for the enforcement of crypto regulation and application of securities laws — and not wanting to be seen to curb innovation and fall behind in technological advancement.”

“Legal regulation will always postdate technological innovation, and with differing national frameworks, the EU is treading carefully. Imposing early regulation on member states could prove difficult with many countries militating the effects and consequences it could have on blockchain development and its potential to stifle crypto adoption. For example, as Switzerland is not a member of the European Union, it would certainly cement its dominant position in the cryptocurrency sphere. However, a strong consensus is needed for a united framework and regulatory oversight in Europe in order to harness potential opportunities within an open ecosystem, while also alleviating potential risks.  

“Further insight and research into cryptocurrencies and blockchain is needed before a clear and coherent set of regulations is implemented, and we will have more clarity as to the appropriate solution in the coming years. In time, regulatory compliance will prove hospitable for blockchain innovation and will attract good actors to the European crypto market.”

Michael Borowiec, Communications Lead at Lisk, commented:

“The EU has been prudent in taking a slow, methodical approach to blockchain regulation, conducting thorough research on the subject before enacting specific measures. The regulation of blockchain technology should be considered at an inter-governmental level, but this will take time. Due to the power and far-reaching influence of the EU, the legislation written today will have consequences well beyond the region. As such, it is important that legislators carefully consider all angles before committing to a particular approach.”

“In order to fully capitalise on blockchain’s potential, the EU needs to adopt robustregulation. This is especially true when it comes to protecting potential investors and ensuring they do not fall prey to fraudulent crypto projects. Such regulation will deter malpractice and in turn, lead to the creation of a healthier cryptocurrency market, securing the future of the blockchain industry and encouraging investment into legitimate projects. While the regulatory environment in Europe is moving in the right direction, it is important for the EU to support research and development, healthy competition, while protecting the crypto-enthusiasts from unscrupulous characters in the space.”

Nick Cowan, CEO of the Gibraltar Blockchain Exchange said:

“A lack of EU-wide crypto regulation is a deterrent to blockchain innovation and will continue to hinder adoption of the technology by mainstream financial service providers going forward. However, certain smaller jurisdictions in the EU are taking a lead, having already introduced best practice regulatory frameworks for blockchain businesses. Officials in these jurisdictions are also reaching out to key financial services stakeholders to educate them on the tremendous potential of decentralised technology and to gain their support for blockchain businesses. But this is only the beginning. While it is encouraging to see the proactive work of smaller jurisdictions, the EU needs uniform regulation to foster a sustainable future for the industry. Sensible legislation that has the backing of blockchain adopters and EU regulators alike will balance the need for further innovation with appropriate consumer protection.”

In July, an EU report backed cryptocurrencies, which it terms virtual currencies or “VC’s”, and says that economists who dismiss them are “mistaken”. The report concludes that regulators should not ban virtual currencies or ignore them but should regulate them proportionally. And only days ago, European Parliamentarians Proposed an EU-Wide ICO Regulatory Framework.

 

This post credited to theblockchain Image source: Theblockchain 

A review of payments received by the world’s 17 largest crypto exchanges has shown that Bitcoin Cash (BCH) use in commerce has decreased, according to blockchain analytics firm Chainanalysis, Bloomberg reported August 20.

A group of analysts from Chainanalysis found that BCH payments dropped to $3.7 million in May from $10.5 million in March, while the volume of Bitcoin (BTC) payments was estimated $60 million in May, down from a high of $412 million in September. Kim Grauer, senior economist at Chainalysis, said in a phone interview with Bloomberg:

“There are fewer users of Bitcoin Cash, fewer holders.”

This year, the BCH price decreased by 75 percent, while BTC dropped by about 55 percent. Grauer sees “concentrated ownership” as the reason for the low BCH adoption rate, where almost 56 percent of the cryptocurrency is controlled by 67 wallets that are not located on exchanges.

Between 10,000 and 100,000 BCH are held by two wallets. Grauer said it is possible that “the wealthiest holders are the ones sending a lot of the traffic to merchant services.”

BCH appeared a year ago after a hard fork from the BTC blockchain. While the launch of BCH caused controversy in the community, BTC.com vice president of business operations, Alejandro de la Torre told Cointelegraph about the importance of the fork:

“The ability to make forks while keeping the community aligned was a great achievement. By providing much greater bandwidth per block by first increasing to 8 MB and then again to 32 MB. This additional room is more than what is needed right now, but BCH seems to be looking ahead and getting ready to process high volumes of traffic. The greater block size also enables BCH to store more information in each transaction, giving the blockchain space to write smart contracts on-chain at low costs.”

According to data from Coinmarketcap, even with the recent decline BCH is still the fourth largest cryptocurrency, with a market capitalization over $9 billion. At press time, BCH is down almost 9 percent and is trading around $522.

 

This post credited to cointelegraph  Image source: cointelegraph

French electric utility company ENGIE and consulting firm Maltem Consulting Group have jointly established a blockchain development firm designed for commercial customers, according to a press release published September 7.

The new project called Blockchain Studio received seed funding totalling €1.9 million (around $2.1 million). Blockchain Studio has created a software suite for commercial enterprises comprised of two fundamental tools. One tool is focused on the development of smart contracts and enables its application by users without technical background. The other tool manages the creation of cloud-based or server-based blockchain infrastructure.

According to the announcement, the company is planning to roll out its services primarily on the Asian market at the beginning of 2019, with an office in Singapore. By the end of the first financial semester of next year, Blockchain Studio will also open operations in Southern Europe.

Yves Le Gélard, ENGIE’s Executive Vice-President and Chief Digital Officer expressed enthusiasm towards the new project:

“We are very pleased to be contributing to this development, which should allow Blockchain technology to be made accessible to many actors. It is an excellent example of an innovative tool contributing to ENGIE’s digital transformation.”

ENGIE has previously explored blockchain applications in its energy business. In July, the corporate research center of the ENGIE Group, ENGIE Lab CRIGEN, signed a Memorandum of Understanding with the IOTA Foundation. The collaboration is focused on the exploration of and experimentation with IOTA Tangle technology in the energy sector.

 

This post credited to Cointelegraph  Image source: Cointelegraph