6 Years Ago

Jonny Fry Posted

6 Years Ago |
Japanese shops and transport companies look to offer digital payment options

Japanese railways are looking to go cashless and potentially introduce payments using Crypto currencies.The Japanese equivalent to Amazon, Ratkenhas announced that it is going to provide the technology to help East Japan railway’s customers pay digitally, as opposed to using cash.
The Japanese government has been trying to encourage its citizens to use less cash and increase the amount people pay using digital methods to 40%. Currently 20% of transactionsin the Japanese economy are paid digitally, compared to South Korea where 89% of transactions are paid digitally, and in China the...


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Jonny Fry Posted

6 Years Ago |
BP using Blockchain technology in the power sector

Julian Gray, Technology Director in the Digital Innovation Organisation department in BP, told a packed room at the Blockchain Expo conference in Amsterdam this week that BP are looking to be a “Digital Energy Company”. Julian said that BP think of Blockchain in just five words-

“Trusting People Over The Internet”

He spoke about a number of projects BP are involved in, that use Blockchain technology.

Continuing with the theme of “Collaborative capitalism”(i.e like LVMH for luxury goods and Maersk’s Tradlens for the shipping industry), BP has invested and helped develop a Blockchain-powered, commodity trading platform,...


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Jonny Fry Posted

6 Years Ago |
How Russia could benefit from considers Digital Assets

The Chair of Russia’s Central Bank, Elvira Nabiullina, has admitted that various central banks are investigating the possibility of issuing a Central Bank-backed Digital Currency. The general stance in Russia towards Digital Currencies seems to be softening, as it had been very anti these assets. It was only just last week in Russia the Central Bank admitted that it would consider using a Cryptocurrency, backed by gold, for international settlements. Russia currently holds over $492 billion of goldwhich, if Digitised, some could be used to settle outstanding international debts and be a way...


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Jonny Fry Posted

6 Years Ago |
Take two - Kodak is back!
 
In January 2018, KodakOne announced that it was going to launch the Kodak coin and, as a result, Kodak Inc share price went up 120%.The basic idea behind KodakCoin is to use Blockchain technology to help photographers manage their photos by creating permanent, immutable records of ownership. It was believed that KodakOne would make it significantly cheaper and faster to register and sell digital images. The Platform was said to offer a simple, transparent Blockchain-powered worldwide royalty accounting, licensing and payment system. The KodakCoin was never a part of Kodak Inc, but was a separate...


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Jonny Fry Posted

6 Years Ago |
Will regulators and compliance drive tokenisation of assets?
There are a number of organisations trying to convince investors of the merits of Tokenising different assets classes, on the basis that once it is possible to buy a fraction/share in a property or piece of art or a car etc, it will enable smaller investors to participate and create a pool of liquidity. While this sounds very plausible in practice, illiquid assets such as art, property and classic cars tend to be the preserve of the very wealthy or institutional investors. These asset classes usually have little day to day liquidity, as...


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Jonny Fry Posted

6 Years Ago |
Custody services for Digital Assets is becoming a reality!
 
In order for institutions to be fully engaged with Digital Assets, they are going to need a third party to look after their assets - a role which has historically been provided by custodians.The regulators in most jurisdictions insist that the organisations that manage your funds have to be independent from the entity that physically looks after the assets. The good news is that the options and choices for those looking for custody solutions for their Digital Assets continues to evolve. Metaco has announced that it is using Aon(the world’s second largest...


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Jonny Fry Posted

6 Years Ago |
If you would like to come to a conference 6/6/19 in Amsterdam on Tokenizing Assets TeamBlockchain have managed to get some free tickets to this event.Please use this link to register: https://www.meetup.com/ICO-Meetup-London/events/261996474/

Jonny Fry Posted

6 Years Ago |
Major shipping firms join a Blockchain-powered supply chain and logistics platform
 
The United Nations, in 1996, established the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT). UN/CEFACT was mandated to find ways to improve global co-ordination and co-operation in trade facilitation and electronic business standards.
Its main priority continues to encourage interoperability: simplifying exchange of information up and down the supply chain, including commercial and governmental processes. TradeLenshas tried to digitise the written standards that UN/CEFACT created, as it has striven to harness Blockchain technology to bring greater traceability and transparency to international shipping of goods. It processes over 10...


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Jonny Fry Posted

6 Years Ago |
“Lord Voldermort” ends up in a Singapore prison

Wherever there is money to be made, it seems there is always someone who wants to carry out “dodgy dealings”, and unfortunately this does not help the public’s perception about Cryptocurrencies. Law courts globally continue to hand out prison sentences to people who have some form of involvement with Cryptos and, while some of the nefarious activities are clearly criminal, some of those perpetrators are indeed extraordinary.
Take Mr Ye Lin Myint who was jailed for two years in Singapore, as he admitted criminal intimidation and harassment against a multitude of people. The 36-year-old...


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Jonny Fry Posted

6 Years Ago |
$150 Trillion of assets and potentially 66% to be turned in to Digital Assets
Let me start by saying, this podcast interview with the founder and CEO of eToro(Yoni Assia) is over 1 hr long, BUT it is worth listening to: https://pod.link/1434060078.
eToro was only established in 2007, when Yoni and his brother thought there had to be a more user-friendly way for people to be able to buy and sell shares, currencies and other financial assets. They have achieved this by creating, what they refer to as, a “social market”. The eToro platform enables someone in Hong Kong to find an...


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Jonny Fry Posted

6 Years Ago |
Smart Contracts are they the answer?
It is not long if you are involved with Blockchain technology before the subject of Smart Contracts arises. Smart Contracts was a term Nick Szabo was talking about them in 1997and he described them as “Smart Contracts utilize protocols and user interfaces to facilitate all steps of the contracting process. This gives us new ways to formalize and secure digital relationships which are far more functional than their inanimate paper-based ancestors”.
A more simplistic way to explain Smart Contracts is to think of them like a flow chart. For example, if the plane is late then...


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Jonny Fry Posted

6 Years Ago |
Teamblockchain have managed to secure a number of free tickets to this event discussing Tokenising Assets which has over 25 speakers. Use this link to register https://www.meetup.com/ICO-Meetup-London/events/261866864/
Joined 7th February 2019