Corda 1.0 released

Fintech consortium released final version of (1.0) of Corda platform
03 October 2017   1071

Banking blockchain consortium R3 released the final version of the Corda platform (v.1.0).

The Corda platform is designed to reduce the costs of various business transactions. This is achieved due to the fact that companies can make transactions directly through the use of smart contracts. The latter, in turn, ensure a high level of confidentiality and security of operations.

Corda is the most inclusive, open platform in the marketplace, and the launch of v1.0 signals to our rapidly growing ecosystem of partners that they can build on the platform with complete confidence. Time and budget can be invested in learning about, prototyping with and implementing Corda to realise both theirs and their clients’ business vision for DLT. The road to commercial deployment starts here.
 

David E. Rutter

CEO, R3

Corda is a highly specialized tool developed for financial organizations. The key feature of Corda is that the platform does not use blockchain in the usual sense of the word. Instead, special notary nodes are used. Transactions that are made on Corda, are not available to all its participants. Entries in the database are available only to those network members who have the right to view and manage them.

In May, the international banking consortium R3 CEV attracted a record $ 107M investment for the corporate blockade industry.

Despite significant interest in R3 and corporate solutions based on distributed registry technology, not all participants of the consortium share the optimism of investors. So, this week it became known that the R3 left two key figures - the director of global business development Tim Grant and market research director Tim Swanson.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   197

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.