In the latest blockchain news, we have a new initiative initially coined by Samsung SDS, the IT subsidiary of the Korean giant Samsung – and their new collaboration with the major Dutch bank ABN AMRO – to build a logistics blockchain pilot that will track the shipments of a container from Korea to the Netherlands.
The official announcement came this morning, where Samsung SDS revealed details of the new partnership with the Netherlands ‘big three’ bank in order to build a joint blockchain pilot that will track the multi-modal transport of containers from a factory in Korea to the Netherlands through the Port of Rotterdam which is the largest shipping port by its freight volume in Europe.
Obviously, the pilot will involve Nexledger as Samsung’s enterprise blockchain – as well as ABN AMRO’s platform Corda which was developed by the New York-based industry firm R3.
According to ABN AMRO, this ‘special’ project brings two different blockchains together. As a spokesperson from the company said, this happens “for the first time in the rather short history of this technology” and takes place via an “overarching notary that connects the separate blockchains located in Korea and the Netherlands.”
The bank also envisions millions of euros in savings in the long-term due to the enhanced efficiency and transparency from the blockchain-powered logistics chains. Initially, everything will be paperless and will electronically confirm receipt and payment of the trade as well as real-time sharing of documents viewable only by the shipper, receiver and port operator.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
Huobi Re-Launched As Fully Licensed Platform In Japan
$1 Billion In Transactions Reported For 2018 By BitPay
WordPress Is Launching A Publishing Platform With Blockchain Features
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- Russia Is Not Planning To Buy $10 Billion In Bitcoin
- Huobi Re-Launched As Fully Licensed Platform In Japan
- $1 Billion In Transactions Reported For 2018 By BitPay
- Third Audit Attestation Of USDC Stablecoin Reserves Released By Circle
- 21-Year Old Accused Of Stealing More Than $24 Million Worth Of Crypto
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