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Blockchain Makes Inroads Into Banking
Blockchain Makes Inroads Into Banking
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In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders.
In one example from the past several days, the China Banking Association (CBA) — the regulatory agency tied to the sector — has launched a new blockchain-underpinned initiative focused on trade finance. The platform is in the midst of being rolled out for live deployment, with several pilot programs having already been completed. The banks that have signed on include HSBC, China Merchants Bank, Postal Savings Bank of China and others.
The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. The latest Chinese efforts come after the Hong Kong Monetary Authority (HKMA) brought its own trade finance platform live at the end of last year.
Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region. The country’s finance ministry said blockchain efforts will be included in tax law amendments, as reported by The News Asia. Under those amendments, some taxes related to research and development (R&D) spending will be deductible. Smaller firms will be able to deduct 30 percent to 40 percent of taxes, with 20 percent to 30 percent of expenses able to be deducted for larger firms.
Beyond large-scale efforts in Asia, ShareRing, a blockchain-powered firm, said users can reserve and get a rental vehicle through a partnership with Keaz, the car-sharing platform, within 30 seconds.
As reported by Venture Beat, Keaz works with Toyota, Envoy and others to facilitate 700,000 rental bookings monthly. As the service traditionally takes a few days to complete transactions, the new initiative lets ShareRing verify users and complete bookings almost immediately. The service will debut at the end of March.
ShareRing Co-founder and CEO Tim Bos told the site that the blockchain is powered by utility tokens and ShareCoins, and offers some flexibility when it comes to identity management.
“We offer a function where you can choose to only do business with providers that don’t hold onto your ID,” he said. “This is a system where identity documents are captured in the app by the user (license or passport, depending on the category of use), and verified by a third-party Know Your Customer [KYC] provider. Once authenticated, these documents are hashed and uploaded to [the ShareRing chain]. This hash is an unchangeable ID validator that is used by the business service provider to ensure that it’s valid and the renter is who they claim to be.”
IoT Gains Traction With Blockchain
Gemalto, the digital security firm, said blockchain use to secure data and services across the Internet of Things (IoT) has doubled through the past year — blockchain adoption has grown in the sector from 9 percent to 19 percent, as surveyed across 850 professionals. As much as 23 percent of respondents said that blockchain technology represents an “ideal” solution in the IoT realm. The survey found that 91 percent of companies would consider using blockchain in the future.
“Businesses are clearly feeling the pressure of protecting the growing amount of data they collect and store. But while it’s positive they are attempting to address that by investing in more security, such as blockchain, they need direct guidance to ensure they’re not leaving themselves exposed. In order to get this, businesses need to be putting more pressure on the government to act, as it is them that will be hit if they suffer a breach,” said Jason Hart, CTO of data protection at Gemalto, in a statement.
——————————–
LATEST INSIGHTS:
Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the latest PYMNTS Digital Drive Report
B2B, B2B Payments, Banks, Blockchain, data, digital security, Editors’ Picks, Government, identity verification, Innovation, IoT, News, regulations, taxes, tokens, Trade finance
Source link http://bit.ly/2RuSUqR
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Check out the link to know the different exchange website that will help you meet your target without being scam or fraud
https://www.fiverr.com/sharecoin/90LzBD
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Digit Coin项目详细介绍
新的货币支付系统正在改变着世界
DigitCoin是由印度裔美国人詹姆斯.司徒拉和菲律宾马尼拉奎松市副市长艾斯卡达联合开发，由韩国、菲律宾、香港三方共同运作推广。
DGC数字币落地板块：
1、由菲律宾马尼拉奎松市副市长艾斯卡达负责全球交易所的运营，全球统一价格交易；
2、统一结算系统DCpay。DCpay是digitglobal的第三方支付系统，可以将数字币转换成Dcpay之后当成现金使用的系统。
3、在韩国，会员手机下载app可做日常生活消费；
4、公司提供五倍杠杆，使用DGC数字币可以外汇交易；
5、购买韩国高科技Maverick公司的股票，现价格约25元，预计2017年下半年上市，上市后评估价格375—750元左右；
6、实行会员制，推广旅游项目，不同等级会员享受不同的免费轮船游；
7、可以消费韩国先进的美容减肥康复项目；
8、落地万事达匿名卡，全球提现消费；
DGC兑现方式：
1、注册账户对冲 2、通过比特币互换 3、通过交易所链接银行卡提现 4、通过万事达卡提现 5、购买股票 6、交易外汇
DGC数字币特点：
1、以独家拥有的虚拟币第三方支付系统DCpay为依托，先落地流通，后推广的虚拟加密数字货币； 2、不同于企业币，是去中心化、具有开源代码的真正的虚拟加密数字货币； 3、安全系数最高。DGC数字币的安保系数是三星最先进的军工技术，是当今世界上最安全的数字加密资产；
4、独家开采，独家运营，以确保价格的稳定与运行； 5、交易时间统一、交易价格统一、交易平台统一、交易结算统一。
韩国、菲律宾、香港三方隶属关系：
韩国方负责挖矿开采，技术交流与对接；菲律宾方负责全球交易所的运营；香港方负责市场推广与营销。 数字币digitcoin与共享币sharecoin的关系
1、数字币digitcoin与共享币sharecoin都是由韩国世潾公司运作推广； 2、共享币sharecoin是由杰米.亨德森（英籍）开发，开发总量5亿枚，目前已经结束推广； 数字币digitcoin是由印度裔美国人詹姆斯.司徒拉与菲律宾马尼拉奎松市副市长艾斯卡达联合开发，开发总量210亿枚，目前正处于初期推广阶段；
3、共享币sharecoin的第三方支付系统叫做caps系统； 数字币digitcoin的第三方支付系统在caps的基础上升级，可以直接将数字币转换成Dcpay之后当成现金使用的系统； 4、数字币digitcoin、共享币sharecoin与比特币三者之间可以互换交易，今年将增加与莱特币的互换交易；
5、2015年末，共享币sharecoin的营销系统与数字币digitcoin营销系统进行了对接，基于共享币的市场基础，此次团队系统对接全面提升了数字币digitcoin在全球的推广速度！
DGC数字币利润剖析
静态利润 第一部分：面值（分割）利润 1、每销售100万枚币增长0.01美金，涨到0.4美金就进行第一次分割； 2、每销售200万枚币增长0.01美金，涨到0.4美金就进行第二次分割； 3、每销售400万枚币增长0.01美金，涨到0.4美金就进行第三次分割； 以此类推，总共完成10次分割，根据投资额度的不同将获得不同的收益率。
第二部分：面值分割期间交易利润 在10次面值分割期间，每一次0.2-0.4之间的价位都是只涨不跌，客户转入交易所的DGC数字币可以随时交易变现； 第三部分：流通增值利润 公司完成10次面值分割之后，将进入市场流通增值，每个客户都将获得此部分利润，参与虚拟数字货币的财富盛宴。
动态利润 第一部分：直荐奖金（BV：80%） 直荐第一单系统自动安置A区，10%直荐奖金；
第二部分：市场奖金（BV：80%） 大区业绩累积，小区业绩的10%计入奖金 一星 100美金， 日封顶100美金； 二星1000美金，日封顶1000美金； 三星2000美金，日封顶2000美金； 四星3000美金，日封顶3000美金； 五星4000美金，日封顶4000美金； 六星5000美金，日封顶5000美金； 投资5000美金以上，最高日封顶5000-20000美金
第三部分：管理奖金（BV：80%） 一星——1代10%； 二星——2代10%； 三星——3代10%； 四星——4代10%； 五星——5代10%； 六星——6代10%。 以上代数紧缩，以产生市场奖金为一代，上不封顶。 获取管理奖金条件： 1、小区每完成100美金业绩，将连续获得7天���管理奖金；
2、一次性完成双区各1000美金业绩。
重复消费 每天总收入的20%计入重复消费，重复消费计入奖金。 1、重购所配的币参与分割； 2、重购等级的金额可以随时调整； 3、重购金额设置多少，按照相应配币额度进行配币；
4、重购只可以自己账户升级使用； 5、重购的设定可以提高每天对碰奖金封顶的额度。
股份钱包 1、每天总收入的10%计入股份钱包，用于购买韩国maverick生物高科技信息BT-IT融合公司的股票； 2、计划2017年下半年在韩国股市正式上市； 3、购买价格约25元人民币，预估上市价格375-750元人民币之间；
4、按照分配到奖金的会员的先后顺序进行销售 所有奖金日薪日结，24点之后将会看到结算之后的数据。
DGC各级别面值分割5次投资收益
01 如果你投资100美金配币35%！ 按0.2美金购买dgc数字币！ 可以购买175个币！ 算一下分割五次之后利润！ 第一次分割达到350个币！ 第二次分割达到700个币！ 第三次分割达到1400个币！ 第四次分割达到2800个币！
第五次分割达到5600个币！ 如果你在0.3美金卖出！ 5600乘以0.3美金等于1680美金！ 如果按1:6.7汇率计算！ 应该是11256人民币！ 投资670！可以增值16.8倍！
02 如果你投资1000美金配币40%！ 按0.2美金购买dgc数字币！ 可以购买400/0.2=2000个币！ 算一下分割五次之后利润！ 第一次分割达到4000个币！ 第二次分割达到8000个币！ 第三次分割达到16000个币！ 第四次分割达到32000个币！ 第五次分割达到64000个币！ 如果你在0.3美金卖出！ 64000乘以0.3美金等于19200美金！
如果按1:6.7汇率计算！ 应该是12.864万人民币！ 投资6700！可以增值19.2倍！
03 如果你投资2000美金，配币45%！ 按0.2美金购买dgc数字币， 可以购买900/0.2=4500个币！
算一下分割五次之后利润！ 第一次分割达到9000个币！ 第二次分割达到18000个币！ 第三次分割达到3.6万个币！ 第四次分割达到7.2万个币！ 第五次分割达到14.4万个币！ 如果你在0.3美金卖出！ 14.4万乘以0.3美金等于4.32万美金！ 如果按1:6.7汇率计算！ 应该是28.944万人民币！
投资13400！可以增值21.6倍！
04 如果你投资3000美金，配币50%！ 按0.2美金购买dgc数字币！ 可以购买1500/0.2=7500个币！ 算一下分割五次之后利润！ 第一次分割达到15000个币！ 第二次分割达到30000个币！ 第三次分割达到6万个币！ 第四次分割达到12万个币！ 第五次分割达到24万个币！ 如果你在0.3美金卖出！ 24万乘以0.3美金等于7.2万美金！
如果按1:6.7汇率计算！ 应该是48.24万人民币！ 投资20100人民币！可以增值24倍！05 如果你投资4000美金，配币55%！ 按0.2美金购买dgc数字币， 可以购买2200/0.2=11000个币！
算一下分割五次之后利润！ 第一次分割达到22000个币！ 第二次分割达到4.4万个币！ 第三次分割达到8.8万个币！ 第四次分割达到17.6万个币！ 第五次分割达到35.2万个币！ 如果你在0.3美金卖出！ 35.2万乘以0.3美金等于10.56万美金！ 如果按1:6.7汇率计算！ 应该是70.752万人民币！ 投资26800人民币！可以增值26.4倍！
06 投资5000美金，配币60%！
按0.2美金购买dgc数字币！ 可以购买3000/0.2=15000个币！ 算一下分割五次之后利润！ 第一次分割达到30000个币！ 第二次分割达到60000个币！ 第三次分割达到12万个币！ 第四次分割达到24万个币！ 第五次分割达到48万个币！
如果你在0.3美金卖出！ 48万乘以0.3美金等于14.4万美金！ 如果按1:6.7汇率计算！ 应该是96.48万人民币！ 投资3.35万！可以增值三十多倍！
您的投资额度的大小注定您最终获得收入的多少！所以大家一定要看到机遇的同时也定要抓住她，才是最后的胜利者！DGC数字币早买和晚买的区别： 我们以6星会员也就是5000美金为例讲解，6星会员配币60%，也就是3000美金用来认购DGC币，40%用来网站的升级和动态的奖励，所有的加密数字货币都是打折配送的，DGC数字币也一样。 如果5000美金在0.29美金认购，可以得到5000x60%÷0.29=10344币 分割5次后币数（也就是2的5次方=32倍）10344x32=331008个如果5000美金在0.30美金认购，可以得到5000x60%÷0.30=10000币 分割5次后币数（也就是2的5次方=32倍）10000x32=320000个
认购差距0.01美金，收益会有多大的影响？ 331008-320000=11008个币 11008个币，单价0.3美金（假设当时汇率6.7）卖出去可以得到人民币： 11008x0.3x6.7=22126.08元 大家可以看一下，当时购买时候一个单价0.29美金，一个单价0.30美金，差距仅仅0.01美金，分割5次收益相差2.2万人民币！6次！7次！8次呢！差之毫厘，失之千里！
所以对于DGC数字加密货币项目来说，你等待的是时间，输走的是金钱！
如果你错过的股市，楼市！那你一定不能再错过虚拟货币！
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Blockchain Makes Inroads Into Banking
Blockchain Makes Inroads Into Banking
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In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders.
In one example from the past several days, the China Banking Association (CBA) — the regulatory agency tied to the sector — has launched a new blockchain-underpinned initiative focused on trade finance. The platform is in the midst of being rolled out for live deployment, with several pilot programs having already been completed. The banks that have signed on include HSBC, China Merchants Bank, Postal Savings Bank of China and others.
The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. The latest Chinese efforts come after the Hong Kong Monetary Authority (HKMA) brought its own trade finance platform live at the end of last year.
Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region. The country’s finance ministry said blockchain efforts will be included in tax law amendments, as reported by The News Asia. Under those amendments, some taxes related to research and development (R&D) spending will be deductible. Smaller firms will be able to deduct 30 percent to 40 percent of taxes, with 20 percent to 30 percent of expenses able to be deducted for larger firms.
Beyond large-scale efforts in Asia, ShareRing, a blockchain-powered firm, said users can reserve and get a rental vehicle through a partnership with Keaz, the car-sharing platform, within 30 seconds.
As reported by Venture Beat, Keaz works with Toyota, Envoy and others to facilitate 700,000 rental bookings monthly. As the service traditionally takes a few days to complete transactions, the new initiative lets ShareRing verify users and complete bookings almost immediately. The service will debut at the end of March.
ShareRing Co-founder and CEO Tim Bos told the site that the blockchain is powered by utility tokens and ShareCoins, and offers some flexibility when it comes to identity management.
“We offer a function where you can choose to only do business with providers that don’t hold onto your ID,” he said. “This is a system where identity documents are captured in the app by the user (license or passport, depending on the category of use), and verified by a third-party Know Your Customer [KYC] provider. Once authenticated, these documents are hashed and uploaded to [the ShareRing chain]. This hash is an unchangeable ID validator that is used by the business service provider to ensure that it’s valid and the renter is who they claim to be.”
IoT Gains Traction With Blockchain
Gemalto, the digital security firm, said blockchain use to secure data and services across the Internet of Things (IoT) has doubled through the past year — blockchain adoption has grown in the sector from 9 percent to 19 percent, as surveyed across 850 professionals. As much as 23 percent of respondents said that blockchain technology represents an “ideal” solution in the IoT realm. The survey found that 91 percent of companies would consider using blockchain in the future.
“Businesses are clearly feeling the pressure of protecting the growing amount of data they collect and store. But while it’s positive they are attempting to address that by investing in more security, such as blockchain, they need direct guidance to ensure they’re not leaving themselves exposed. In order to get this, businesses need to be putting more pressure on the government to act, as it is them that will be hit if they suffer a breach,” said Jason Hart, CTO of data protection at Gemalto, in a statement.
——————————–
LATEST INSIGHTS:
Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the latest PYMNTS Digital Drive Report
B2B, B2B Payments, Banks, Blockchain, data, digital security, Editors’ Picks, Government, identity verification, Innovation, IoT, News, regulations, taxes, tokens, Trade finance
Source link http://bit.ly/2RuSUqR
0 notes
Text
Blockchain Makes Inroads Into Banking
Blockchain Makes Inroads Into Banking
Share
Tweet
Share
Share
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Print
Email
In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders.
In one example from the past several days, the China Banking Association (CBA) — the regulatory agency tied to the sector — has launched a new blockchain-underpinned initiative focused on trade finance. The platform is in the midst of being rolled out for live deployment, with several pilot programs having already been completed. The banks that have signed on include HSBC, China Merchants Bank, Postal Savings Bank of China and others.
The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. The latest Chinese efforts come after the Hong Kong Monetary Authority (HKMA) brought its own trade finance platform live at the end of last year.
Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region. The country’s finance ministry said blockchain efforts will be included in tax law amendments, as reported by The News Asia. Under those amendments, some taxes related to research and development (R&D) spending will be deductible. Smaller firms will be able to deduct 30 percent to 40 percent of taxes, with 20 percent to 30 percent of expenses able to be deducted for larger firms.
Beyond large-scale efforts in Asia, ShareRing, a blockchain-powered firm, said users can reserve and get a rental vehicle through a partnership with Keaz, the car-sharing platform, within 30 seconds.
As reported by Venture Beat, Keaz works with Toyota, Envoy and others to facilitate 700,000 rental bookings monthly. As the service traditionally takes a few days to complete transactions, the new initiative lets ShareRing verify users and complete bookings almost immediately. The service will debut at the end of March.
ShareRing Co-founder and CEO Tim Bos told the site that the blockchain is powered by utility tokens and ShareCoins, and offers some flexibility when it comes to identity management.
“We offer a function where you can choose to only do business with providers that don’t hold onto your ID,” he said. “This is a system where identity documents are captured in the app by the user (license or passport, depending on the category of use), and verified by a third-party Know Your Customer [KYC] provider. Once authenticated, these documents are hashed and uploaded to [the ShareRing chain]. This hash is an unchangeable ID validator that is used by the business service provider to ensure that it’s valid and the renter is who they claim to be.”
IoT Gains Traction With Blockchain
Gemalto, the digital security firm, said blockchain use to secure data and services across the Internet of Things (IoT) has doubled through the past year — blockchain adoption has grown in the sector from 9 percent to 19 percent, as surveyed across 850 professionals. As much as 23 percent of respondents said that blockchain technology represents an “ideal” solution in the IoT realm. The survey found that 91 percent of companies would consider using blockchain in the future.
“Businesses are clearly feeling the pressure of protecting the growing amount of data they collect and store. But while it’s positive they are attempting to address that by investing in more security, such as blockchain, they need direct guidance to ensure they’re not leaving themselves exposed. In order to get this, businesses need to be putting more pressure on the government to act, as it is them that will be hit if they suffer a breach,” said Jason Hart, CTO of data protection at Gemalto, in a statement.
——————————–
LATEST INSIGHTS:
Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the latest PYMNTS Digital Drive Report
B2B, B2B Payments, Banks, Blockchain, data, digital security, Editors’ Picks, Government, identity verification, Innovation, IoT, News, regulations, taxes, tokens, Trade finance
Source link http://bit.ly/2RuSUqR
0 notes
Text
Blockchain Makes Inroads Into Banking
Blockchain Makes Inroads Into Banking
Share
Tweet
Share
Share
Share
Print
Email
In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders.
In one example from the past several days, the China Banking Association (CBA) — the regulatory agency tied to the sector — has launched a new blockchain-underpinned initiative focused on trade finance. The platform is in the midst of being rolled out for live deployment, with several pilot programs having already been completed. The banks that have signed on include HSBC, China Merchants Bank, Postal Savings Bank of China and others.
The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. The latest Chinese efforts come after the Hong Kong Monetary Authority (HKMA) brought its own trade finance platform live at the end of last year.
Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region. The country’s finance ministry said blockchain efforts will be included in tax law amendments, as reported by The News Asia. Under those amendments, some taxes related to research and development (R&D) spending will be deductible. Smaller firms will be able to deduct 30 percent to 40 percent of taxes, with 20 percent to 30 percent of expenses able to be deducted for larger firms.
Beyond large-scale efforts in Asia, ShareRing, a blockchain-powered firm, said users can reserve and get a rental vehicle through a partnership with Keaz, the car-sharing platform, within 30 seconds.
As reported by Venture Beat, Keaz works with Toyota, Envoy and others to facilitate 700,000 rental bookings monthly. As the service traditionally takes a few days to complete transactions, the new initiative lets ShareRing verify users and complete bookings almost immediately. The service will debut at the end of March.
ShareRing Co-founder and CEO Tim Bos told the site that the blockchain is powered by utility tokens and ShareCoins, and offers some flexibility when it comes to identity management.
“We offer a function where you can choose to only do business with providers that don’t hold onto your ID,” he said. “This is a system where identity documents are captured in the app by the user (license or passport, depending on the category of use), and verified by a third-party Know Your Customer [KYC] provider. Once authenticated, these documents are hashed and uploaded to [the ShareRing chain]. This hash is an unchangeable ID validator that is used by the business service provider to ensure that it’s valid and the renter is who they claim to be.”
IoT Gains Traction With Blockchain
Gemalto, the digital security firm, said blockchain use to secure data and services across the Internet of Things (IoT) has doubled through the past year — blockchain adoption has grown in the sector from 9 percent to 19 percent, as surveyed across 850 professionals. As much as 23 percent of respondents said that blockchain technology represents an “ideal” solution in the IoT realm. The survey found that 91 percent of companies would consider using blockchain in the future.
��Businesses are clearly feeling the pressure of protecting the growing amount of data they collect and store. But while it’s positive they are attempting to address that by investing in more security, such as blockchain, they need direct guidance to ensure they’re not leaving themselves exposed. In order to get this, businesses need to be putting more pressure on the government to act, as it is them that will be hit if they suffer a breach,” said Jason Hart, CTO of data protection at Gemalto, in a statement.
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LATEST INSIGHTS:
Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the latest PYMNTS Digital Drive Report
B2B, B2B Payments, Banks, Blockchain, data, digital security, Editors’ Picks, Government, identity verification, Innovation, IoT, News, regulations, taxes, tokens, Trade finance
Source link http://bit.ly/2RuSUqR
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Blockchain Makes Inroads Into Banking
Blockchain Makes Inroads Into Banking
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In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders.
In one example from the past several days, the China Banking Association (CBA) — the regulatory agency tied to the sector — has launched a new blockchain-underpinned initiative focused on trade finance. The platform is in the midst of being rolled out for live deployment, with several pilot programs having already been completed. The banks that have signed on include HSBC, China Merchants Bank, Postal Savings Bank of China and others.
The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. The latest Chinese efforts come after the Hong Kong Monetary Authority (HKMA) brought its own trade finance platform live at the end of last year.
Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region. The country’s finance ministry said blockchain efforts will be included in tax law amendments, as reported by The News Asia. Under those amendments, some taxes related to research and development (R&D) spending will be deductible. Smaller firms will be able to deduct 30 percent to 40 percent of taxes, with 20 percent to 30 percent of expenses able to be deducted for larger firms.
Beyond large-scale efforts in Asia, ShareRing, a blockchain-powered firm, said users can reserve and get a rental vehicle through a partnership with Keaz, the car-sharing platform, within 30 seconds.
As reported by Venture Beat, Keaz works with Toyota, Envoy and others to facilitate 700,000 rental bookings monthly. As the service traditionally takes a few days to complete transactions, the new initiative lets ShareRing verify users and complete bookings almost immediately. The service will debut at the end of March.
ShareRing Co-founder and CEO Tim Bos told the site that the blockchain is powered by utility tokens and ShareCoins, and offers some flexibility when it comes to identity management.
“We offer a function where you can choose to only do business with providers that don’t hold onto your ID,” he said. “This is a system where identity documents are captured in the app by the user (license or passport, depending on the category of use), and verified by a third-party Know Your Customer [KYC] provider. Once authenticated, these documents are hashed and uploaded to [the ShareRing chain]. This hash is an unchangeable ID validator that is used by the business service provider to ensure that it’s valid and the renter is who they claim to be.”
IoT Gains Traction With Blockchain
Gemalto, the digital security firm, said blockchain use to secure data and services across the Internet of Things (IoT) has doubled through the past year — blockchain adoption has grown in the sector from 9 percent to 19 percent, as surveyed across 850 professionals. As much as 23 percent of respondents said that blockchain technology represents an “ideal” solution in the IoT realm. The survey found that 91 percent of companies would consider using blockchain in the future.
“Businesses are clearly feeling the pressure of protecting the growing amount of data they collect and store. But while it’s positive they are attempting to address that by investing in more security, such as blockchain, they need direct guidance to ensure they’re not leaving themselves exposed. In order to get this, businesses need to be putting more pressure on the government to act, as it is them that will be hit if they suffer a breach,” said Jason Hart, CTO of data protection at Gemalto, in a statement.
——————————–
LATEST INSIGHTS:
Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the latest PYMNTS Digital Drive Report
B2B, B2B Payments, Banks, Blockchain, data, digital security, Editors’ Picks, Government, identity verification, Innovation, IoT, News, regulations, taxes, tokens, Trade finance
Source link http://bit.ly/2RuSUqR
0 notes
Text
Blockchain Makes Inroads Into Banking
Blockchain Makes Inroads Into Banking
Share
Tweet
Share
Share
Share
Print
Email
In Asia, blockchain continues to get a boost from government and regulatory efforts, especially in the realm of trade finance done across borders.
In one example from the past several days, the China Banking Association (CBA) — the regulatory agency tied to the sector — has launched a new blockchain-underpinned initiative focused on trade finance. The platform is in the midst of being rolled out for live deployment, with several pilot programs having already been completed. The banks that have signed on include HSBC, China Merchants Bank, Postal Savings Bank of China and others.
The CBA pilots, as reported by CoinDesk and other sites, were tied to the issuance of letters of credit and securities. The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. The latest Chinese efforts come after the Hong Kong Monetary Authority (HKMA) brought its own trade finance platform live at the end of last year.
Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region. The country’s finance ministry said blockchain efforts will be included in tax law amendments, as reported by The News Asia. Under those amendments, some taxes related to research and development (R&D) spending will be deductible. Smaller firms will be able to deduct 30 percent to 40 percent of taxes, with 20 percent to 30 percent of expenses able to be deducted for larger firms.
Beyond large-scale efforts in Asia, ShareRing, a blockchain-powered firm, said users can reserve and get a rental vehicle through a partnership with Keaz, the car-sharing platform, within 30 seconds.
As reported by Venture Beat, Keaz works with Toyota, Envoy and others to facilitate 700,000 rental bookings monthly. As the service traditionally takes a few days to complete transactions, the new initiative lets ShareRing verify users and complete bookings almost immediately. The service will debut at the end of March.
ShareRing Co-founder and CEO Tim Bos told the site that the blockchain is powered by utility tokens and ShareCoins, and offers some flexibility when it comes to identity management.
“We offer a function where you can choose to only do business with providers that don’t hold onto your ID,” he said. “This is a system where identity documents are captured in the app by the user (license or passport, depending on the category of use), and verified by a third-party Know Your Customer [KYC] provider. Once authenticated, these documents are hashed and uploaded to [the ShareRing chain]. This hash is an unchangeable ID validator that is used by the business service provider to ensure that it’s valid and the renter is who they claim to be.”
IoT Gains Traction With Blockchain
Gemalto, the digital security firm, said blockchain use to secure data and services across the Internet of Things (IoT) has doubled through the past year — blockchain adoption has grown in the sector from 9 percent to 19 percent, as surveyed across 850 professionals. As much as 23 percent of respondents said that blockchain technology represents an “ideal” solution in the IoT realm. The survey found that 91 percent of companies would consider using blockchain in the future.
“Businesses are clearly feeling the pressure of protecting the growing amount of data they collect and store. But while it’s positive they are attempting to address that by investing in more security, such as blockchain, they need direct guidance to ensure they’re not leaving themselves exposed. In order to get this, businesses need to be putting more pressure on the government to act, as it is them that will be hit if they suffer a breach,” said Jason Hart, CTO of data protection at Gemalto, in a statement.
——————————–
LATEST INSIGHTS:
Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the latest PYMNTS Digital Drive Report
B2B, B2B Payments, Banks, Blockchain, data, digital security, Editors’ Picks, Government, identity verification, Innovation, IoT, News, regulations, taxes, tokens, Trade finance
Source link http://bit.ly/2RuSUqR
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Scam Alert: Sharexcoin Cryptocurrency Exchange Goes Silent
Every new industry has its ups and downs, and they all have failures, especially in the beginning. http://dlvr.it/5y1p9P
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Yet Another Cryptocurrency Exchange Goes Black
Yet Another Cryptocurrency Exchange Goes Black
Yet another cryptocurrency exchange has bitten the dust, taking its investors money with it.
This time it’s Sharexcoin, a brand new exchange which shut down almost immediately after it opened.
It was linked to Sharecoin, a new PoS coin which was announced on the Bitcointalk forum at the end of April. They touted Sharecoin as “the only coin backed up by a real [sic] bussiness”
The idea…
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SNC WEB CLASS: How to Get FREE ShareCOIN Tokens in Share N 'Chat Collective Community with SNC Ads! In a nutshell we share the profits with our users in a new innovative way where there is no question of trust and value. It is what it is, period. Essentially we are creating real money and real connection for all of us to Share Collectively in a collective community!
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