Blockchain

It’s finally the weekend! 😋And the best way to start your day is to take a look at the breaking news of cryptocurrency industry.

✅ Banking giant HSBC completed the first blockchain trade finance transaction. It was used in a commercial trade for the U.S. food and agriculture company Cargill. Normally this process takes a week.
HSBC used the platform Corda to improve efficiency and provide transparent transactions. The company plans to exclude overwhelming paperwork and reduce time for financial operations.

✅ During the second ever World Intelligence Congress in Tianjin, Jack Ma, the founder of Alibaba, announced his position on blockchain technologies. He thinks that blockchain isn’t a bubble, but Bitcoin is.
Jack Ma believes that this technology has a great potential in providing data privacy and security. But the main problem is that it’s a “huge gold mine” for fraudsters.
Ma admitted that Bitcoin can completely change the rules of the whole financial and trading system. He thinks that society isn’t ready for it and added that the Alibaba team doesn’t care for BTC and has no plan to integrate cryptocurrencies in Alipay.

✅ During the conference, Consensus 2018, Nokia exhibited a new platform that was made in collaboration with the blockchain platform Streamr and the software company OSIsoft. This platform allows smartphone customers to monetize their data. They can buy and sell real-time data streams, using ETH smart contracts and an ERC-20 token called DATAcoin.
OSIsoft will allow its customers to earn money for their data operations.