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Blockchain for Busan, credit for Porsche, digital yuan

12/19/2018
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  • China_cryptocurrency
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Controlling the turnover of goods through the blockchain, Porsche took credit through the blockchain. A Bloomberg investigation predicts the emergence of China's national cryptocurrency.

Blockchain in South Korea

Next year the South Korean government will conduct pilot tests of the blockchain in various sectors of the economy. It is planned to implement 9 projects in total. If they are successful, then in the future their number will be increased. Three of them are already considered closed, and with great success.

Now the focus was on the development of accounting for trade operations in the port of Pusan. It should simplify trade with other countries by increasing its transparency. Tracking cargo through the blockchain will allow international container shipping to a new level. If successful, it is planned to transfer most of the ports of South Korea to the blockchain. The Ministry of Oceans and Fisheries is confident that in this case the efficiency of transport services will increase.

Blockchain in South Korea

Porsche received a loan for new technologies

The Spanish consortium of banks Banco-Bilbao Vizcaya Argentina from Spain has issued a loan to the automotive company Porsche. This news would not be surprising if there was not one important point. The amount of $ 170 million was provided through the blockchain. The use of a system with distributed registry technologies allowed to abandon part of the bureaucratic procedures.

Porsche has created a strategy for Holdings, which has been called upon to increase the automaker’s attention to digital technology for seven years. Cooperation with BBVA is currently the largest example of blockchain use. Porsche has plans to invest in Fintech startups more than 150 million dollars over the next five years.

Porsche received a loan for new technologies

Beijing Digital Currency Institute

Chinese authorities are stepping up work on the creation of a national cryptocurrency. This is stated in the investigation from Bloomberg. Earlier, the deputy head of the People’s Bank of China, Fan Yifei, said that the country would one day renounce fiat money. These words are confirmed by practical actions.

The Beijing-based Digital Currency Institute created by the NBK is actively developing in this direction. It has already registered 78 patents in the field of blockchain and cryptocurrency. According to this indicator, scientists ranked fifth in the world. In addition, the institute is very actively attracting new specialists to cooperation and is constantly expanding the range of experts involved.

More about digital RMB

Beijing Digital Currency Institute

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