CSE to Release Blockchain-based Platform

New platform will be used for clearing and settling securities through blockchain technology
14 February 2018   140

The Canadian Stock Exchange (CSE) intends to launch a platform for clearing and settling within the campaigns for selling blockchain-based tokens.

On its new platform, CSE intends to list the tokens qualifying as securities and offered for sale. This will provide the release of new service of the exchange.

Companies will be able to use the platform for issuing traditional shares and debt securities in the form of tokenized securities, which will be distributed to investors during fully regulated campaigns that are fundamentally different from ICO, that usually remains in the gray zone.

This is a landmark announcement for the Canadian capital markets. The Canadian Securities Exchange expects to be the first recognized exchange in Canada to introduce a fully developed blockchain platform for trading, clearing and settling tokenized securities.
 

Richard Carleton 

CEO, CSE

The operator of the exchange has already signed a "protocol of mutual understanding" with the Canadian company Kabuni, which intends to use a new platform for selling its tokenized securities to interested investors.

 

Bank of China Filed a Patent to Scale Blockchain Systems

Bank of China has filed a patent application for a process able to scale blockchain systems  
23 February 2018   95

According to a document released by China's State Intellectual Property Office (SIPO) on February 23, the application was invented by Zhao Shuxiang and first submitted on September 28 last year.

The application states that instead of letting a new block store transactions from its previous one, a data compressing system could be used to pack transactions from multiple blocks into what the patent calls a "data block."

For example, when the system receives a request to compress transactions from block 1 to 1,000, it causes a new data block to be formed and temporarily hosted on a different storage system. Then, the system will run the packed data through a hash function with a hash value. After that, the compression system will attach labels in order to identify blocks on the blockchain.

With the use of the described method, the patent claims a reduction in the amount of the data stored in new blocks as transactions mount in a blockchain while ensuring that data from all previous transactions will still be tamper-proof and traceable.

At the moment, the patent in the review process.