5 things you have missed in the Cryptosphere

Noku.io
Noku
Published in
2 min readJul 6, 2018

Did you miss any update this week? We got you covered

Welcome to the weekly Blockchain updates, where we inform our community about crypto news and updates of the Week.

One of the missions for Noku business development is to educate the industry on what blockchain is, and what Noku is doing to connect crypto world to the real life.

Here are some of the most important stories for investors this week:

IBM⁠ ⁠ Signs $740 Million Deal With Australian Gov’t to Use Blockchain for Data Security

IBM has signed a five-year AU$1 billion ($740 million) deal with the Australian government to use blockchain to improve data security.

The major contract will see IBM provide technology such as blockchain, automation and Artificial Intelligence (AI) to Australian federal departments, including defense and home affairs. IBM for its part has been steadily expanding its involvement in blockchain across diverse fields.

Romania going to regulate Digital currency issuance

The Ministry of Finance of Romania has released a draft Emergency Ordinance, which will regulate the issuance of electronic money (e-money).

The draft reportedly describes electronic money as “monetary value stored electronically, including magnetic, representing a claim on the issuer issued on receipt of funds for the purpose of performing payment transactions and which is accepted by a person other than the issuer of electronic money.”

Carrefour Italia to apply Blockchain for food traceability

Carrefour Italia will be the first group in Italy’s Mass retail to apply blockchain technology to the traceability of food products, allowing the consumer to control the path of a product from farm to table.

Carrefour believes this choice prepares a major overhaul to tackle competition from Amazon, Leclerc and others.

Malta approves Distributed ledger regulations

Malta has become the first world jurisdiction to provide legal certainty to blockchain space. Silvio Schembri, Junior Minister for Financial Services, announced the passing of the bills on twitter:

“The three Bills that will regulate distributed ledger technology (DLT) have been approved by Parliament and enacted into law. ”

A number of blockchain and crypto business have already moved to Malta, as the country’s officials took regulatory steps to become the “blockchain island.”

Noku Custom Token to Bridge the gap between crypto world and real life

As announced earlier, Noku is releasing a major update.

Noku Team will be releasing and giving away the Custom Token service for only 1 Noku, in order to share some value with our community.

Our gift to all the Noku users: a powerful service designed to create your own ERC20 custom token without writing a single line of code.

All those who will whitelist their email address on this form will be able to create up to 10 Custom Tokens paying ONLY 1 NOKU.

We’ll keep you posted: keep reading our blog or follow us on our social channels!

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Noku.io
Noku
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