Constellation Industry News Update 1/7/19

Dear Constellation Community,

We hope your 2019 is off to a great start. We’re kicking things off with the first Constellation’s Industry News Update of the new year, rounding up stories surrounding the blockchain, DLT and crypto spaces from around the web.

Tech News

Italian Government Establishes 30-Member Blockchain Advisory Board — The board will examine use cases for the technology in both the private and public sectors.

New interbank platform shows Asia’s blockchain growth — The China Banking Association (CBA) has now started to roll out the long-awaited “China Trade and Finance Interbank Trading Blockchain Platform”, designed to standardize and digitize interbank transaction information for trade and financial products and serves in “laying an important foundation for building a new trade finance ecosystem and improving the efficiency of financial services.”

ConsenSys, AMD To Develop Blockchain Tech — The alliance between the Ethereum solutions provider, microchip manufacturer, and United Arab Emirates based investment management firm Halo Holdings, aims to develop a blockchain based cloud computing infrastructure.

Binance to Back Crypto, Blockchain Projects with Second Incubation Program — The initiative, called BUIDLing, would expand the scope of the company venture fund, Binance Labs, on a global level.

Crypto News

Hong Kong Crypto Exchange to Offer Bitcoin Futures with 20x Leverage — Hong Kong-based crypto exchange Coin Futures and Lending Exchange (CoinFLEX) has announced that it will be providing futures contracts for cryptocurrencies to Asian investors as from February 2019.

Colorado Considers Bill Giving Cryptocurrencies Limited Exemptions From Securities Laws — A bipartisan effort sponsored at Senate level by Republican Jack Tate and Democrat Steve Fenberg, the “Colorado Digital Token Act” aims to offer limited extra freedoms for cryptocurrencies and traders.

Japan’s Financial Regulator May Approve Crypto ETFs: Report — The FSA is currently ascertaining institutional interest in ETFs that track cryptocurrencies and could ultimately give them the go ahead.

Crypto Security Company Ledger Releases Bluetooth-Enabled Hardware Wallet — The wallet, called the Ledger Nano X, was shown at the CES 2019 conference in Las Vegas. At the same time, the firm has announced mobile app set to go live on Jan. 28, allowing its users to manage their transactions and check their balances from a mobile device.

Investor News

Bitcoin and Blockchain in 2019: Eight Investment Trends To Watch — It’s time to focus on the future. In order to effectively prepare yourself for the following year, you definitely want to take a look at the following sectors of the blockchain world.

Institutional Investors are Changing the Face of the Crypto Market: Here’s How — With 2019 underway, many experts believe that this newfound interest from big name players will not only support this burgeoning market space but also distort it in some ways.

Ripple Prepares to Sell Millions in XRP to Institutional Investors As Crypto Whale Watchers Spot $71 Million in Ethereum on the Move — The company started the new year off with an eye-popping transfer of more than $755 million worth of XRP. The majority of the funds were moved into escrow.

Use Cases

Honeywell uses blockchain for aircraft spare parts — The fellow Hyperledger member is is leveraging blockchain to verify that the quality documents and images match the specific part offered for sale on its new e-commerce initiative, GoDirect Trade, for the aviation parts industry.

How Blockchain Can Reduce Costs For The Shifting Electric Vehicle Landscape — Auto manufacturers who don’t embrace new technology to cut costs and improve their brand value will fall behind.

Rational Surgical Solutions Partners With Blockdrive To Add Blockchain Technology To Rati-Fi® Informed Consent Patient Education Platform — This makes them the first company in the healthcare information technology space to offer a Blockchain process for confirmation of informed consent for surgical or medical interventions.

Some Nevada governments using blockchain for public records — The Reno Gazette-Journal reports that as of December in Washoe County, about 950 couples had received secure digital marriage certificates to home computers and smartphones since the program debuted in April 2018.

That’s it for this week. See you all next time!


The Constellation Team

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