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Barclays and Clearmatics Call on Coders to Help Blockchains Talk to Each Other

Barclays and Clearmatics Call on Coders to Help Blockchains Talk to Each Other U.K. bank Barclays and London-based startup Clearmatics are inviting coders to come up with ways to connect ethereum with made-for-enterprise blockchains such as Hyperledger Fabric. The interoperability challenge is being hosted by Clearmatics and will use a template involving its open-source interoperability… The post Barclays and Clearmatics Call on Coders to Help Blockchains Talk to Each Other appeared first on Altcoin Today.
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Barclays and Clearmatics Invite Coders to Increase Connection Between Enterprise Blockchains

Two firms, the recognized bank Barclays and the U.K.-based startup Clearmatics are calling coders to connect Ethereum with enterprise-blockchains, including Hyperledger Fabric. Although blockchain technology has expanded all over the world, there are still some operability issues that must be solved and enhanced in the future. Due to this reason, Clearmatics is currently hosting an interoperability challenge that will be using a template involving its interoperability protocol called Ion. This is a hackathon that will be taking place in London at the Barclays Rise fintech hub between February 5 and 6. In order to determine the winner, judges from Barclays, UBS, HSBC, and Santander will be analyzing the solutions provided by the participating teams. The winner will be selected according to the solutions provided. Furthermore, EY will also be taking part in the event and it will be releasing a report regarding the findings. During an interview given to CoinDesk, Dr. Lee Braine, part of Barclay’s chief technology office commented that it is important to understand the challenges and solutions for interoperability in the blockchain space. “We would like to gain a greater understanding of the challenges and potential solutions for interoperability between different distributed ledgers,” Dr. Lee Braine said. “Such interoperability can be complex and this hackathon will permit the industry to experiment with the Ion protocol and also provide feedback to the open source project.” At the moment, there are four prominent enterprise blockchain platforms in the market including R3’s Corda, the Digital Asset Platform, Quorum, and Hyperledger. These blockchain networks have been very successful in the niches where they operate. However, they will require more interoperability to improve efficiency and increase trade. Currently, a currency that is running on the Ethereum network cannot be swapped for a stock or bond that is currently being tracked on another network without having to verify the transaction on the other platform. The product strategist at Clearmatics, Sara Feenan, explained that the firm is a member of the Enterprise Ethereum Alliance (EEA) and it could be possible for the EEA and Huperledger to become associate members in the near future. Back in May 2018, the Ion platform helped a blockchain-based derivative to be originated on Clearmatics but settled on the Axoni blockchain. Chris Chung, an engineer at Clearmatics said that the intention is to increase interoperability with other platforms and protocols. With more advanced interoperability, it will be possible for these networks to perform atomic swaps to transact specific assets. There are some blockchain networks that are currently experimenting with this technology and advancements. The intention is to be able to exchange simple financial products that would be increasing in complexity in the future. Clearly, blockchain networks need to start being more connections between each other. This would generate improve the efficiency of some of the participants and it will also provide new solutions to these companies.
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Blockchains Should Be Compliant With Regulations – Barclays Representative

Julian Wilson, the innovation executive of UK banking giant Barclays, said that blockchains should be built with regulatory compliance in mind. During a Hard Fork Decentralized event, Wilson stated that developers should reconfigure their approach and way of thinking when building blockchains. He argued that not all business models require blockchains and that the technology should not be used as bolt-ons or additions to existing models. “In some cases, building a blockchain purely for the sake of it is the worst thing a company can do,” Wilson said. According to Wilson, one of the main issues of using blockchain is related to know your customer (KYC) policies. He argued that not all blockchains would satisfy these laws, thus specialist blockchains need to be created. “To make a blockchain legally compliant, it should be built with the law in mind, and not the other way around,” Wilson said. Reagrding using blockchain at Barclays, Wilson said that for a bank with over 300 years of history, it is not as simple as just moving current banking process over to the blockchain. “Hundreds of years of evolution can’t simply be unpicked and put onto an off the shelf solution, blockchains need to be bespoke,” he said. Earlier this year, the UK banking giant partnered with the International Swaps and Derivatives Association (ISDA), Deloitte and Thomson Reuters to launch hackathon event to showcase blockchain solutions that increase the efficiency of derivatives processing.
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) Grayscale Tweet Grayscale BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 Nasdaq Tweet -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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