Bank of England to trial a new distributed ledger system

Bank of England performs a trial run of their new proof-of concept system for real-time gross settlement
28 March 2018   531

Future-proofing the operations has been a long hard quest for the banking institutions around the globe, and eve more so since the emergence of the cryptocurrencies. And now the next step forward has been made by Bank of England. As part of their proof-of-concept network for real-time gross settlement they are trialing the use of distributed ledger technology (DLT).

Back in 2017 Bank of England has first revealed that they were working on using DLT for near-instant transaction system. Though, at that tie they were adamant, that such a technology can't be the sole driving force for such application. Now, they are backtracking a bit, stating that while nowadays DLT is not yet sufficiently mature, they will endeavor to develop it for the time when it gains a more widespread adoption.

The trial run is to see how distributed ledger-based system performs for the real-time gross settlement service, and if it performs well enough to be used on the permanent basis.

In broader sense, such a move can represent a more amiable stance toward blockchain as a whole for the UK central bank in the near future.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   432

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.