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bitcoin meetup

Bitcoin Meetup in Rome with Riccardo Casatta and more

bitcoin meetup

On July 10th, a new Bitcoin meetup will be organized in Rome thanks to the Blockchain Education Network Italia. 

This bitcoin meetup aims at spreading the word about the blockchain and being a meeting place for all the enthusiasts of the distributed ledger and digital currencies.

The evening will host different meetings with two major experts in the industry:

After their speeches, there will be a pitch with a few startups that work in the industry and free networking with pizza and beer for free.

The event is free, but in order to have access you need to register yourself on Eventbrite here:
https://www.eventbrite.it/e/biglietti-blockchainedu-meetup-roma-35736918084

Click here to read more about this bitcoin meetup: https://www.meetup.com/Bitcoin-Generation-Roma/events/241266421/

This event is sponsored by HolyTransaction.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
intesa sanpaolo blockchain

Intesa Sanpaolo Blockchain: a new trial for recordkeeping

The newest Italian Banca Intesa Sanpaolo blockchain – related  project has been tested with the main goal of validating trading data.

Thanks also to a partnership with Deloitte and the Italian startup Eternity Wall, Intesa San Paolo started to test a new proof-of-concept at the end of 2016.

Heart of the project is the open-source OpenTimestamps protocol, developed by Peter Todd, a Bitcoin Core contributor, that Eternity Wall moved to implement.

The Intesa Sanpaolo blockchain project uses the bitcoin distributed ledger to notarize transactions and create a publicly available database trail for future referral.

Information security officer for the bank, Carlo Brezigia explained:

“Relevant data has been hashed to produce a short unique identifier – a digest – equivalent to its digital fingerprint. This fingerprint has been associated to a blockchain transaction and hence registered on the blockchain: the blockchain immutability provides robust non-refutable timestamping that will always prove without any doubt the existence of that data in that specific status at that precise moment in time.”

According to a Deloitte statement, Intesa Sanpaolo tested this tool between October and February with tht idea of including support for other blockchains, potentially including also private ledgers.

This Italian blockchain trial shows the will of regulated financial institutions to test public blockchains.

In an official announcement, the bank’s retail innovation accelerator officer, Gianni Cavallina, explained the interest in experimenting these protocols beyond the main use case of digital currenciese:

“In particular, considering public blockchains, we are exploring the applicability of different use cases, abstracting from the value of its native digital currency. Notarization is one of the most interesting applications.”

Intesa Sanpaolo Blockchain projects– also member of the R3 distributed ledger consortium – also include tests on several blockchain use cases made during the previous years, including trade finance and digital identity.

Read more about previous Italian projects related to the Blockchain here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
ibm blockchain oil

IBM Blockchain Oil trade platform: a new innovative project

IBM – together with a group of other companies – has announced the development of a new blockchain-based crude oil trade finance platform.

This group also includes Trafigura and Natixis bank that decided to join the creation of this new tool.

The platform was created by using code from the Linux Foundation-led Hyperledger project. Also, IBM’s BlueMix cloud hosting service is utilized.

Thanks to this trade finance platform, users can view transaction data on the blockchain that also hosts documentation and updates on shipments, deliveries and payments.

Natixis is also a member of the R3 distributed ledger consortium and isn’t new to blockchain-related trade finance applications because it also joined the “Digital Trade Chain” project a few months ago.

According to, Natixis’ head of global energy and commodities, Arnaud Stevens, the bank believes the technolgy as a high potential of bringing down expense and boosting procedural transparency.

These are his words:

“We want to use blockchain to optimize the antiquated arena of commodity trade finance. The current process is paper and labor intensive, we have multiple friction points with high processing costs and limited automation. Distributed ledger technology brings some much-needed innovation into our industry.”

This news is only the latest related to projects that aims at bridging of the blockchain and trade finance worlds.

Also, we have to say that this is an application that attracted much interest from a wide range of companies and governments worldwide, including Dubai.

In the meantime there are also several other worldwide banks that are continuing to push ahead with related projects focused on the blockchain and commodities trade.

A few days ago, in fact, Dutch bank ING is working on an oil trading pilot built on the Ethereum blockchain that has already conducted live transactions.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Microsoft Smart Contracts: a working group to improve security

microsoft_smart_contracts
Today the tech giant announced it is working on a project to improve Microsoft smart contracts security.
Called Kinakuta, this working group aims at making it easier for companies to use and develop smart contracts based on the blockchain. 
Even if more and more businesses are increasingly expressing interest in blockchain based smart contracts, concerns about this kind of use case grew after the DAO collapse
Since then, Microsoft decided to improve smart contracts security to avoid further issues in the future. 
Marley Gray, Microsoft’s director of business development and strategy, in fact, believes that their project could reduce future risks. 
“We feel there’s a huge opportunity here to involve the community. Kinakuta is the community building around Microsoft best practices and elsewhere, to collect best practices and tools and involve developers in creating these best practices.”
Gray explained that there are 35 developers and companies that the company decided to call for the Microsoft Smart Contracts group. These include the Ethereum Foundation, R3CEV and BlockApps.

Vitalik Buterin on Microsoft Smart Contracts

Vitalik Buterin, Ethereum Creator, commented that he doesn’t believe that this new project could necessarily stop future collapses like DAO.
“There will be further bugs and we will learn further lessons,” he explained in a blog post.

Microsoft Smart Contracts: a whitepaper with Harvard

Previously, Microsoft released a research realized with Harvard that explained how ethereum smart contracts will work.
This whitepaper proposes a method called “formal verification”, or the way to prove the correctness of a smart contract; also it proposes two tools to help verify smart contracts: Solidity and EVM.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Banks want to issue their digital currencies

banks_digital_currencies
A few international banks want to issue their digital currencies soon. 
According to a recent report, those banks include UBS, BNY Mellon, Deutsche Bank and Banco Santander.
These four banks, also members of the R3 Blockchain Consortium, are working together with ICAP, a UK e-broker and aim at developing a cheaper way to do money transfers using digital currencies.
This banking group didn’t make an official announcement yet, but the new cryptocurrencies are expected to be available in 2018. 
Speaking about the pros of using digital currencies, Banco Santander commented that the traditional banking system makes it hard for banks to cooperate. 
To avoid this problem, banks could use the blockchain to transfer funds between wallets within a couple of minutes. 
Those banks want to issue their digital currencies to implement the same process that happens through the blockchain into the traditional system. 
To do so, they are working to create their cryptocurrencies to be used only within their network and banks will be miners that validate and store transactions on a blockchain. 
According to Oliver Wyman, this system can save banks between $65-$80 billion a year.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Bank of Tokyo works on a Blockchain project with Hitachi

bank_of_tokyo_blockchain_project

Bank of Tokyo works on a blockchain project with Hitachi

Bank of Tokyo works on a blockchain project to manage electronic check together with tech giant Hitachi. 
According to a press release, this proof of concept system aims at creating a digital platform to issue, transfer and collect e-checks. 
Asiatic magazine Nikkei reports that in the next few days there will be further trials, and that the full version could be released in 2018.
Tech giant Hitachi announced:
“Using the system, BTMU issues and settles checks and some of Hitachi Group companies in Singapore receive the electronic check and deposit the funds. Through the PoC testing, Hitachi and BTMU will be able to identify issues from various perspectives such as technology, security, operation and legal perspectives and aim to realize new FinTech services including digitalization of checks.”
This project comes after a previous Bank of Tokyo Mitsubishi UFJ statement about its investment in the blockchain and about the project to release a new digital currency. 
Also, a few months ago Hitachi announced the creation of new studies for fintech applications, as the company is a member of the Hyperledger project, the Linux Foundation program related to the distributed ledger.

Universal Wallet for Digital Currencies 

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Open your on HolyTransaction here for free and find out more on our wallet where you can store several different cryptocurrencies including Bitcoin, Ethereum, Dogecoin Peercoin, etc…

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Universities can have their own Bitcoin Nodes thanks to BSafe

Several researchers want to encourage universities to set up bitcoin nodes to allow students and teachers to work and test the blockchain.
This private testbed network is called BSafe and it aims at helping the Bitcoin technology proliferate and preventing hacker attacks. 
“Most developers in this world think that bitcoin’s fundamental cryptographic algorithm is ideal and can be used as a black box,” explained to Coindesk Shin’ichiro Matsuo, co-founder of the BSafe network. 

How universities can have their own Bitcoin Nodes thanks to BSafe

BSave will provide a communication channel between universities and Bitcoin Core developers on the several testnets, or the alternative blockchains used for doing tests.
Created in February, the network has five nodes deployed in Japan, UK and another set up by MIT. 
Matsuo wants to have a group of 30 university nodes within the end of 2016; also he aims at setting up three university nodes per country in the next future.
“Right now the community is a meritocracy and the majority of it is based on whether you can code,” said Bitcoin Core developer Cory Fields. 
According to Fields, several groups of nodes would be able to measure things that have been difficult to study before.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Russian Banks work on a Blockchain Unit

Russian Banks work on a Blockchain Unit

A few days ago Russian Banks and public institutions revealed that they will create a unit that aims at studying blockchain applications.
Announced on July 1st, this private consortium includes QIWI, B&N Bank, Khanty-Mansiysk Otkritie Bank, Tinkoff Bank, MDM Bank, and Accenture.
The project was announced during the 25th International Financial Congress in St. Petersburg, hosted by the Russian Central Bank.
This unit focuses on the development of “blockchain proofs-of-concept, work on joint research and policy outreach, and the creation of technology standards”. 
The idea for this project came when the QIWI revealed its hope for creating the so-called “Russia’s R3CEV”, a group of financial services focused on the distributed ledger. 
CEO Sergey Solonin explained:

“I’m convinced that the Consortium, which brought together the Russia’s largest financial company, is able to become an effective platform for multilateral cooperation in exploration, launching innovations and their implementations in financial services.”

Bank of Russia works on the Blockchain

Bank of Russia is not new to an involvement with the Blockchain, in fact,
A few months ago Olga Skorobogatova of Bank of Russia explained that “the development of modern financial markets is inseparable from the development of financial technology”, when the bank revealed his purpose to start studying the distributed ledger back in February 2016.

Universal Wallet 

HolyTransaction is a universal wallet where you can store several different kinds of cryptocurrencies in a safe and unique place, easy to manage.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

The Greatest Bitcoin Companies: TOP 30

Greatest Bitcoin Companies: which are the best?

Below you can read a chart of the greatest Bitcoin Companies you need to follow to better understand the cryptocurrencies world.
These 30 Bitcoin companies can also give you ideas and a greater consciousness of the fintech sector if you are starting a blockchain startup and you want to follow their example.
This list was generated thanks to Buzzsumo, taking into this platoform several settings and metrics we though were useful to add.
The greatest part of these 30 Bitcoin- related companies are exchanges and magazines related to Bitcoin news.
Top 30 Blockchain companies:

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Amazon partners with Digital Currency Group

amazon web services logo

Always more companies are developing a private blockchain for their security reasons or aim at using the bitcoin blockchain for their business objectives.

In the latest blogs, in fact, we talked about companies such as DARPA or AirBnB who plan to use the blockchain for their private goals.

The “blockchain as a service” partnership

Well, today we want to talk about Amazon Web Services (AWS) who recently announced its collaboration with Digital Currency Group (DCG), one of the most important investors in the blockchain, to provide to DCG’s startups a secure place to work and a technical support for their projects related to bitcoin.
Amazon Web Services, in fact, provides cloud computing services for websites and applications, so the blockchain could be very useful to improve their database security and other objectives.

The DCG empire

The DCG startups portfolio includes almost 100 Bitcoin companies from all around the world, including Chain and RSK and recently it received a big investment from Mastercard, Western Union, New York Life, Canadian Imperial Bank of Commerce and more.
In a recent post, Amazon Web Services developer Scott Mullins explained the partnership between AWS and DCG.
“Today in financial services, distributed ledger technology is at the forefront of any discussion related to innovation. AWS is working with financial institutions and blockchain providers to spur innovation and facilitate frictionless experimentation. DCG is a recognized leader in distributed ledger technology, and we are excited to work with them and their portfolio companies to provide laboratory environments for enterprise experimentation with blockchain technology on AWS”.

Multicurrencies Wallet

Blockchain is the technology that allow Bitcoin transactions.

To store your bitcoin you may need a wallet.

Open your on the HolyTransaction wallet  here for free and you will be able to store also other digital currencies such as Litecoin, Dogecoin, Blackcoin, Ethereum and more.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio