Blockchain App Store for Banks to be Launched by IBM

The LedgerConnect service will provide financial institutions with access to blockchain solutions focused on such areas as KYC ad others
30 July 2018   1952

The technological giant IBM and a number of financial conglomerates, including Barclays and Citi, are developing a banking-oriented store for blockchain applications. This is reported by CoinDesk.

The LedgerConnect service will provide financial institutions with access to blockchain solutions focused on such areas as KYC (Know Your Customer) procedures, sanction screening, collateral management, post-trading maintenance of derivatives transactions, reconciliation of data, and so on.

According to the developers, the new service is designed to help bridge the gap caused by differences in the capabilities of fi nite startups and large companies when creating applications based on distributed ledger technology (DLT).

Having a secure network and proven infrastructure allows an app store kind of model, where banks can identify applications from certified fintech and software providers and deploy these apps over a seamless blockchain network.
 

Keith Bear

Vice president for financial markets, IBM

The LedgerConnect platform is based on the Hyperledger Fabric technology. However, according to the project participants, integration of other DLT technologies, including R3 or Corda, is not excluded.

$15.3M Worth Building to be Sold For BTC

House with a total area of ​​1059 sq.m. is located in the most fancy part of Manhattan's Upper East Side
11 November 2019   57

Ben Shaoul, an American real estate tycoon, sold a $ 15.3 million apartment building in Manhattan, but instead of the traditional currency, the deal was made in bitcoins. This is reported by the Cointelegraph.

House with a total area of ​​1059 sq.m. is located in the most respectable part of Manhattan's Upper East Side.

Ben Shaoul, who holds the position of president of Magnum Real Estate Group, declined to comment, but a source familiar with the details of the deal said the buyer was Affluent International LCC, a Taiwan-based company.

In addition, Eric Hedwat, a broker at Jet Real Estate, which represented the interests of Magnum Real Estate Group, described the transaction as an “exceptionally smooth process.”

Another object owned by Ben Shaoul was previously offered for sale with a payment option in bitcoins, but was eventually sold for $ 82 million in hard currency.

It is also reported that, in addition to the Magnum Real Estate Group, another company from New York accepts cryptocurrencies - Bitcoin, Ethereum and Ripple. The $ 29 million facility is also located on the Upper East Side.