The Way Summit In Moscow

A major blockchain event will be held in Moscow’s Vegas City Hall venue dubbed as “THE WAY SUMMIT: Blockchain Technology Invest Day 2019.

The event was organized by Crocus Group and Sibhash where more than 300 professionals will attend the summit which include investors, entrepreneurs and blockchain revolutionist who will discuss the coming global changes in the world economy.

The main aim of the one day event is to educate and inform participants about blockchain technology and gain insight from leading experts and finance professionals as well as gives networking opportunities for those who will attend the summit.

There will be five key speakers who will share their insights about blockchain technology and answer questions from the audience.

These include Roger Ver, one of the most influential persons in crypto space and founder of Bitcoin.com; Jihan Wu, co-founder of one of the largest crypto mining equipment manufacturer Bitmain; Michael Spellacy, Managing Director at Accenture and Said Gutseriev co-founder of the world’s first regulated tokenized securities exchange currency.com.

The Central Bank of Iran Develops Blockchain Platform

It has been reported that the Central Bank of Iran has been developing a platform to provide a common standard for blockchain use in Iran and to make blockchain development more cost effective.

The platform is dubbed as Borna and will enable financial institutions to test and implement blockchain solutions and initiatives on a wider scale.

Iran is one of the countries that have been trying to research how to leverage blockchain technology for its financial sector and the recent financial sanctions by the US have catalyzed the initiative.

The Borna platform was made possible through tripartite among Areatak, blockchain solutions platform, Iran’s Central Bank and Informatics Service Corporation.

The platform has been developed using the Hyperledger Fabric and is aimed initially for electronic customer identification, token management and online auditing.

There are future plans of integrating Iran’s sovereign cryptocurrency to the platform which is seen as not too different from current crypto of today, however, the government’s crypto will have lover transaction cost and most important of all it is properly regulated.

Starbucks Working On Blockchain-Enchanced Coffee Tracking Platform

It has been revealed that Starbucks and Microsoft is working together to track the production of Coffee.

The United Stated-based coffee chain will be using the Blockchain-as-a-service (BaaS) of Azure by Microsoft to develop the coffee-tracking system that will be enhanced with blockchain technology.
This initiative was first announced by Starbucks back in 2018 and was dubbed as “bean to cup” where they will be working with farmers from Costa Rica, Colombia, and Rwanda to pilot a blockchain-based coffee-tracking system.

This will enable customers to tack the production of their coffee and will open up potential financial opportunities for coffee bean farmers.

According to Starbucks it would open source the pilot program to disseminate their findings.

Mircrosoft and Starbucks is also working on a number of joint initiatives such as a predictive drive-thru ordering and connecting internet-of-things (IoT)-enabled equipment at different café locations.

Students In Moscow Piloting Blockchain E-Voting In June

According to news reports online the school authorities in Moscow are planning to pilot a blockchain-based electronic voting in a university student council election this coming June.

The initiative is seen as a test run and to establish methods how to conduct the City’s mayoral election.

It was also revealed that the initiative is being supported by the Moscow Department of Information Technology (DIT) as well as the Moscow City Election Commission (Mosizbirkom).

According to Artem Kostyrko, the deputy at DIT, technical specification for the pilot program will go to Mosizbirkom in mid-day for approval.

Once the initiative is passed in the legislature and the commission approves the specification, the DIT will launch the program in public.

It has been reported that the United Russia, the ruling party of the Russian Federation, has launched a blockchain-enabled platform for e-voting in March and the above mention initiative is a part of this project.

Institutional Bitcoin Trading In Fidelity May Boost BTC Prices As Much As $2,000

It has been revealed that the Fidelity Investment’s cryptocurrency division, the Digital Assets Services will soon conduct Bitcoin (BTC) purchases and sales.

According to unnamed sources who are familiar with the matter that within a few weeks Fidelity’s institutional clientele will have access to the aforementioned solutions.

Fidelity spokesperson Arlene Roberts explained that they are not yet in liberty to divulge what particular investment vehicle it would be whether it would be offering spot market trading, over-the-counter or liquidity aggregator.

She however confirms that whatever form it will take it will be focused on Bitcoin.

Roberts also reveals that they already have a select set of clients they are supporting in their platform and will be rolling out services over the coming weeks and months based on their client’s needs, jurisdiction and other factors.

Mati Greenspan, eToro’s in-house crypto expert, noted that investors should keep their eyes on the development saying if Fidelity’s clientele allocates 1% of their assets into BTC, its prices may rally by $1,000 or $2,000 easily.

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