IOHK to join Hyperledger and W3C

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Visa Files Patent Application for Digital Fiat Currency

Visa (NYSE:V) is going deeper into crypto it seems. Yesterday, a patent application by Visa was published on the United States Patent and Trademark Office (USTPO) website for a “digital fiat currency.”

Initially filed in November 2019, the document outlines the process Visa envisions to utilize “distributed ledger technology” [DLT] in the transfer of cash.

The document also states that in some embodiments, Hyperledger Fabric may be utilized to implement “various aspects” of the process. Hyperledger Fabric is a permissioned blockchain.

Visa was a founding member of the Libra Association in Switzerland. In October of 2019, Visa followed a host of other founding members and exited the Libra Association following an onslaught of criticism from regulatory and elected officials. A month later, Visa apparently filed to launch its own stablecoin.

As a payments rail, Visa has been scurrying to buttress its relevance in a fast-changing landscape of transfers and payments. Visa can handle over 65,000 transaction messages a second far faster than many off-the-rack blockchains. Yet, usurpers are seeking to challenge Visa with less costly, potentially more robust blockchain-based payments system. Pursuing a bespoke crypto service simply makes sense.

In January 2020, Visa signed an agreement to acquire the Fintech Plaid, a network that makes it easy for people to securely connect their financial accounts to the apps they use to manage their financial lives. Visa paid $4.9 billion in cash (plus an additional $400m for incidentals).


Visa Patent Application


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Danal FinTech to Adopt a Complete AML Product Suite Developed by Uppsala Security

Decentralized cybersecurity solutions firm Uppsala Security announced on Tuesday that it had signed a cryptocurrency anti-money laundering (AML) solution contract with the South Korean mobile payments solutions platform, Danal FinTech. As per the official tweet, the collaboration makes it the first crypto AML solution to support Hyperledger’s Fabric framework.

🎉🤝 It is a great pleasure to announce the fact that we signed a #Cryptocurrency AML Solution Contract with Danal FinTech, making this the industry’s first #Crypto#AML Solution to support the @Hyperledger Fabric framework! Read more here: https://t.co/gqaVrr6sB3@payprotocol

— Uppsala Security (@UPPSentinel) May 12, 2020

In the official Medium post, Uppsala stated that as part of the contract, Danal FinTech would adopt a complete AML product suite developed by Uppsala Security. It further added the product includes not only the existing AML function implemented by financial institutions but also monitors, tracks, and analyses transactions of digital assets in the form of cryptocurrencies suspected anti-social activities like money laundering or terror funding. Patrick Kim, Founder & CEO of Uppsala Security, said,

It is a great honor to provide our AML solutions to Danal FinTech, the leading virtual asset payment company in South Korea. Based on the results of the crypto AML support offered to Danal FinTech, we hope to expand our business by jointly providing ready solutions for payment companies using the Hyperledger Fabric framework.

Danal FinTech CEO, Ted Hwang said that the company intends to consider and apply necessary policies and tools to create a safe and compliant asset settlement network before expanding their business globally.

Hwang added,

Our goal is to respond in a timely manner to changes established by major core countries in the regulatory environment, and we will do so by starting with the introduction of Uppsala Security’s solutions.

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COVID-19 Impact: Temporary Surge in Sales of Big Data Analytics in Automotive Product Observed …

Big Data Analytics in Automotive Market 2018: Global Industry Insights by Global Players, Regional Segmentation, Growth, Applications, Major Drivers, Value and Foreseen till 2024

The report provides both quantitative and qualitative information of global Big Data Analytics in Automotive market for period of 2018 to 2025. As per the analysis provided in the report, the global market of Big Data Analytics in Automotive is estimated to growth at a CAGR of _% during the forecast period 2018 to 2025 and is expected to rise to USD _ million/billion by the end of year 2025. In the year 2016, the global Big Data Analytics in Automotive market was valued at USD _ million/billion.

This research report based on ‘ Big Data Analytics in Automotive market’ and available with Market Study Report includes latest and upcoming industry trends in addition to the global spectrum of the ‘ Big Data Analytics in Automotive market’ that includes numerous regions. Likewise, the report also expands on intricate details pertaining to contributions by key players, demand and supply analysis as well as market share growth of the Big Data Analytics in Automotive industry.

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Big Data Analytics in Automotive Market Overview:

The Research projects that the Big Data Analytics in Automotive market size will grow from in 2018 to by 2024, at an estimated CAGR of XX%. The base year considered for the study is 2018, and the market size is projected from 2018 to 2024.

The report on the Big Data Analytics in Automotive market provides a bird’s eye view of the current proceeding within the Big Data Analytics in Automotive market. Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Big Data Analytics in Automotive market and offers a clear assessment of the projected market fluctuations during the forecast period. The different factors that are likely to impact the overall dynamics of the Big Data Analytics in Automotive market over the forecast period (2019-2029) including the current trends, growth opportunities, restraining factors, and more are discussed in detail in the market study.

Leading manufacturers of Big Data Analytics in Automotive Market:

The key players covered in this study

Advanced Micro Devices

Big Cloud Analytics

BMC Software

Cisco Systems

Deloitte

Fractal Analytics

IBM Corporation

Rackspace

Red Hat

SmartDrive Systems

Market segment by Type, the product can be split into

Hardware

Software

Services

Managed

Professional

Market segment by Application, split into

Product Development

Manufacturing & Supply Chain

After-Sales, Warranty & Dealer Management

Connected Vehicles & Intelligent Transportation

Marketing, Sales & Other Applications

Market segment by Regions/Countries, this report covers

North America

Europe

China

Japan

Southeast Asia

India

Central & South America

The study objectives of this report are:

To analyze global Big Data Analytics in Automotive status, future forecast, growth opportunity, key market and key players.

To present the Big Data Analytics in Automotive development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

To strategically profile the key players and comprehensively analyze their development plan and strategies.

To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Big Data Analytics in Automotive are as follows:

History Year: 2015-2019

Base Year: 2019

Estimated Year: 2020

Forecast Year 2020 to 2026

For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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  • The relevant price and sales in the Big Data Analytics in Automotive market together with the foreseeable growth trends for the Big Data Analytics in Automotive market is included in the report.
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  • The report also suggests considerable data with reference to the marketing channel development trends and market position. Concerning market position, the report reflects on aspects such as branding, target clientele and pricing strategies.
  • The numerous distributors who belong to the major suppliers, supply chain and the ever-changing price patterns of raw material have been highlighted in the report.
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Blockchain Bites: Hyperledger Makes Inroads, Bitcoin Gets ‘Harder’ and Buffett’s Not ‘Halving’ It

The Long Read

Fintech guru David Birch wrote “The Currency Cold War: Cash and Cryptography, Hash Rates and Hegemony,” a book that seemingly foresaw the future. What was once a niche theory, that digital dollars could displace the sovereignty of money, is now front of mind for central bankers, regulators and the builders of new monetary systems. The world, it appears, is heading to a Cold War between a competing set of programmatic currencies, all with their own designs and purposes. Birch sits down with Jeff Wilser to discuss the coming state of the world where we will have to choose between “between the Federal Reserve and Microsoft (between dollar bills and Bill’s dollars)? Between Facebook’s Libra and China’s Digital Currency/Electronic Payment (DCEP) system? Between spendable drawing rights (SDRs) and Kardashian kash?”

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Paper to digital, dollar, all in the second quarter is expected to

China is already far down the road of developing a Central Bank of Digital Currency. But in America, there’s an issue, and it may be sooner than we had expected. On two different legislative proposals, the plan proposed to make a digital dollar out of it. And now there is a working group that will help with the development of the Digital Dollar Projects. It is expected that the working group’s second-quarter results, with one paper comes out. According to a press release on Businesswire.

In the second quarter in a white paper

According to the press release, the working group, as well as 22 new agents. The group is made up of a number of prominent figures from the business community, economists and former regulators. The Digital Dollar’s Foundation is committed to assisting with the creation of a legal framework and to develop practical steps to create a Central Bank of Digital Currency to the U.s. dollar.

The project is being led by Christpoher, Giancarlo, a former chairman of the Commodity Futures Trading Commission (CFTC).

The Foundation has set up the first meeting that took place behind-the-back, and announce in a month or two of a road map to the public. In the white paper, the specifications alone, as the core elements, and the value proposition of a digital dollars.”

No, the only way to

But why is it on a new blockchain to work, as there are also other ways? Hyperledger is a blockchainproject, which is supported by, among others, IBM, and Intel. The blockchainproject is currently working on a form of digital currency, the eThaler. It is a digital currency that can be used by the government, and it can be used as a Central Bank of Digital Currency (CBDC).

The eThaler takes its name from the Thaler (Thaler), in the currency in which, hundreds of years ago in Europe, it was used for. The us dollar is actually a corruption of thaler.

Just like bitcoin, you can eThaler to split up into smaller groups. This coin is suitable for micro-payments.

Vipin Bharathan was the president of the Hyperledger identity working group. According to him, the main advantage of the eThaler that the central banks of the currencies directly to be able to give to the recipient. Thus, the counterparty risk of a bank in the middle are removed.

In the coming weeks there will be the code behind the eThaler open-source. This means that it is open to anyone who wants to can build the product of Hyperledger. America may have an opportunity to make use of it.

However, it can also be used on Algorand blockchain

On a different blockchain’s digital dollars to spend, it is even possible. The CBDC, the marshall islands, for example, issued on the Algorand blockchain. In his own words, it is the cryptocurrency of the islands, is the world’s first national digital currency.

If the plan is still to go ahead, then it has its own blockchain is also possible. But then it is difficult to be provided, as emergency operations are going. There is no time for months of research.

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Could The US $2T Stimulus Package Send Digital Dollars on Hyperledger’s Ethereum-based …

News headlines across the internet have been flooded with signs that a “digital dollars” may be coming soon. Seeing the US House of Representatives came up with a draft bill that addresses the authorization of a trillions of dollars stimulus to states, businesses, consumers, and populations that are vulnerable to the COVID-19 virus.

The bill mentioned the digital dollar concept, as it could help the US Federal Reserve, which prints the US dollars, to send the financial stimulus straight to the people. The concept was inspired by Bitcoin (BTC) and the blockchain technology behind it, which allows people to send value to one another. It was working behind the scenes until now, but many have now suddenly seen how helpful it could be for them. After all, why give money to the banks when the recipients are in fact, actual people?

The eThaler Project

The blockchain consortium Hyperledger had a meeting in which the new eThaler project was discussed, a project that brought into the spotlight the urgency of creating a central bank digital currency (CBDC), running on the Ethereum blockchain.

The previously mentioned bill was sponsored by Maxine Waters, a California Congresswoman and House of Financial Services Committee chair, and mentions digital dollars, which until now were only a theoretical concept but turned into an urgency.

The US Finally Taking the Digital Dollar More Seriously

The digital dollar being mentioned in a House bill next to the Federal Reserve indicates that one of the world’s largest economies is now officially considering entering the race in which other central banks from other countries are already competing. Here’s what Vipin Bharathan, Hyperledger’s chair and a JP Morgan Chase former senior developer, has to say about what’s going on at the moment with this matter:

“The concept of the CBDC seems to have gotten an imprimatur from the house finance committee. That’s a significant step, and I argue that such crisis situations always produce new ideas, and acceptance of new ideas, that will live on long after the coronavirus has burned through the world.”

More on the eThaler

The eThaler is supposed to be fungible, so it doesn’t matter what central bank is going to end up minting it, it will have the same value for each token as its underlying asset, no matter for what purpose it has been used before.

Just like fiat currency, it would increase its initial supply of tokens through minting, or else it would get destroyed through the process known as burning. The bank would set its decimals, which are essential for micropayments and online transactions that can’t be made with fiat. Furthermore, the currency would be pausable if bugs in the software would be discovered or updates implemented.

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