Germany approves digital securities: The German government has submitted a draft bill for virtual securities. After a long delay, the finance and justice ministries were finally able to agree on a joint draft bill that will make the current document requirements superfluous in the future.
High demand for blockchain specialists: Blockchain-related salaries are on the rise across China. This is likely due to high demand for specialists in the sector. In July, Beijing reported that at least 140 government agencies are adopting blockchain. Many government services that use blockchain have reported saving up to 40% in paperwork, which is a substantial gain in productivity.
For The Record granted patent: For The Record, the global leader in digital court recording, has been granted an industry-leading patent for verifying recordings using blockchain technology. The patent is a natural extension of and results from For The Record’s 25-year experience combining proprietary and patented technologies to ensure digital recording accuracy.
Coca-Cola uses Ethereum Blockchain: The IT firm Coke One North America Services, owned by the major Coca-Cola bottling companies, will try out the Baseline Protocol, a public Ethereum blockchain technology targeted at large enterprises. The new software built on top of Ethereum will allow the internal systems of two or more companies to be synchronized — without storing confidential data on the public blockchain, Ledger Insights reported.
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Honeywell uses blockchain to digitize aircraft records prnewswire.com
Russia: Rail network could join the blockchain adoption wave m.investing.com
Cryptokitties creator Dapper Labs raises $12 million for consumer-focused Flow blockchain venturebeat.com
Hackathon: Maxonrow organizes hackathon to reimagine blockchain for healthcare solutions prnewswire.com
Lebanon: French President Macron could leverage blockchain to transform Lebanon aid cointelegraph.com
NUMBER OF THE WEEK
40 percent of the world’s Android phones are at risk of being hacked because of a Qualcomm vulnerability.
Blockchain to make food safer: VeChain’s newly released tool offers a suite of white label services that will allow the food sector to implement on-chain safety management services. These services include traceability templates which track things like origin traceability, cross-border traceability, full-process traceability, and more. They have high hopes that the tool will be useful for many sub-sectors and products, such as fresh food, dairy, alcohol and wine, and imported food.
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Ukraine and blockchain: Since Soviet times, Ukraine has been a hotspot for science and engineering. When people see the national currency losing value, they are keen to explore the options technology can offer, Naumenko said. Ukraine is the birthplace to teams that founded crypto startups Bitfury, Hacken and Propy, not to mention numerous crypto developers. While many of these developers are now based abroad, the country is still a competitive jurisdiction for crypto startups, believes Alex Bornyakov, the deputy minister for digital transformation of Ukraine. Crypto offers new economic opportunities. A regulated digital economy can bring tax revenue to the government, help banks serve crypto businesses and attract and retain startup talent.
“No other country with economic importance like Germany has managed to introduce a blockchain law of this quality and magnitude.”
The Blockchain Federal Association welcomed the German draft law for crypto securities and spoke of a “milestone”.
Millions of IoT devices are easily hacked: For two years, security expert Paul Marrapese has been researching peer-to-peer protocols (P2P), which establish the direct connection between the respective device and a client. He concluded that IoT devices used easily abused P2P protocols, making it easier for criminals to access camera feeds and build IoT botnets.