Hypes, funds, fiat money

03/12/18 05:42 UTC-4

Calastone British company transfers its system to Blockchain

Calastone, a British company engaged in financial and technological services for investment funds, intends to transfer its settlement system to the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
by May 2019. As reported by Reuters UK today, December 3rd.

Calastone provides services to more than 1,700 companies, including JP Morgan Asset Management, Schroders and Invesco.

Calastone-related distribution procedures are handled manually, including over 9 million messages and transactions totaling $ 217 billion a month between buyers, sellers and distributors, according to data on the company's website.

Automating processes using the Blockchain will make them less costly and more efficient, since transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details
participants will no longer have to repeatedly transmit the same information.

“The more processes you automate, the more you risk, but you significantly speed up all the work,” said Andrew Tomlinson, chief marketing specialist for Calastone, to Reuters.

In June, the company announced the successful completion of the first stage of the experimental model and promised to move its system to a "private blockchain and blockchain with limited access" in 2019.

Editor: Yuliya Soroka

See also: "Xolaris Service KVAG Launches Bitcoin Private Foundation"

#Calastone #Blockchain #funds



18/06/19 06:00 UTC-4

HTC has negatively commented on Facebook cryptocurrency

​Today, June 18, the manufacturer of the world’s first blockchain phone, HTC EXODUS, commented negatively on the creation of the Facebook’s Libra cryptocurrency. According to the report, cryptocurrencies issued by consortia will not be able to compete with decentralized Bitcoin.

12/06/19 08:10 UTC-4

Half a million dollars in Bitcoins for charity from BCF

Today it was reported that the Binance Charity platform has already collected about half a million dollars. According to the data, the charity foundation uses the funds collected for the program to help starving children, "Binance Lunch for Children", and support sufferers in Malta.

Hypes, funds, fiat money