Barclays bank and CLS Group to find Swift alternative

Barclays bank partners with CLS Blockchain Consortium  in order to find Swift alternative
26 September 2017   1100

The second largest asset in Britain, Barclays bank, joins the CLS Group consortium in order to develop a system for rapid and secure foreign exchange transfers, an alternative for SWIFT transactions.

As reported by coindesk.com, Lee Braine, from the Barclays Investment Bank's CTO office, claims that the institution has become interested in the project due to the fact that the CLS platform is to operate side-by-side with the existing SWIFT solution, rather than being forced on customers.

People can connect via Swift or via a new [distributed ledger technology] connection mechanism. So, you have a choice.
 

Lee Braine
Investment Bank CTO Office

Thus, Barclays will now work alongside the group's other members, including JPMorgan Chase, Goldman Sachs and Bank of China, aiming to bring new levels of efficiency and security to the forex settlements industry.

As reported, the platform called CLS Net is expected to let participants trade global currencies using six different kinds of blockchain-based products. Hyperledger Fabric is to serve as the basis of the new platform.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   99

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.