Mitsubishi UFJ Financial Group launches a blockchain platform, a plugin designed to pay for Wi-Fi using Lightning Network was developed, and Italy adopted a bill about blockchain. Read further in our digest about these and other events in the world of blockchain.
Major Japan’s bank launches a payment platform on blockchain
Japan’s Mitsubishi UFJ Financial Group and Akamai content provider will launch a payment system on blockchain. The project will start operation in the first half of 2020.
The payment platform called Global Open Network will offer interface with all features needed for asset transfers and management.
It will allow significantly reducing costs on all transaction types and increase the number of money transfers.
Italy legalizes blockchain-based transactions
The Italian Chamber of Deputies adopted a bill that regulates blockchain use.
The bill offers definitions of main terms of the blockchain field. Overall, 275 deputies voted in favor of the bill, 206 voted against, and 27 abstained from voting.
In the future, the authorities plan to work on the regulation of smart contracts. Moreover, the Member of Parliament Maria Laura Mantovani stated that online voting was one of the best use cases for blockchain.
Blockchain protects genomic data
Protection of genomic data is an important aspect of operation of companies, with which not all of them cope. However, today several organizations working in the field of genomics use blockchain to solve this problem.
Encrypgen (DNA), Nebula Genomics, LunaDNA, Shivom (OMX), and Zenome (ZNA) deploy the distributed ledger technology to preserve data privacy.
For example, Encrypgen has already launched the world’s first secure P2P genome marketplace.
A way to pay for Wi-Fi using Lightning Network was presented
The Spanish developer nicknamed poperbu came up with a plugin that allows connecting to a restricted Wi-Fi for 100 satoshis (0.000001 BTC) paid through the Lightning Network.
The developer showed how to cancel the fee of Nodogsplash (NDS), which provides restricted Internet connection. He did it using Lightning Network and a simple Telegram bot.
In such a way, Lightning Network will allow owners of routers to monetize their Wi-Fi networks.
H&M Distributors will accept cryptocurrency payments
The US distributor of lighting devices H&M Distributors announced the readiness to accept cryptocurrency payments.
Company reps say that this feature will help to establish collaboration with partners from other jurisdictions. Chimpion platform will be an intermediary.
H&M Distributors will be accepting BTC, BCH, ETH, DASH, LTC, BCD, and XZC.
Discover more about cryptocurrencies at Blockchain & Bitcoin Conference Prague on March 22!