EC to invest €30B in technologies, blockchain included

The European Commission is planning to support the research in the fields of migration, security, climate, clean energy and digital economy
31 October 2017   868

The European Commission reported on Friday how it intends to spend 30 billion euros on the EU's research and innovation financing program for 2018-2020 called "Horizon 2020", of which 2.7 billion euros are intended to launch the European Council for Innovation. This is reported by the Interfax.

Artificial intelligence, genetics, blockchain: science underlies today's most promising breakthrough innovations. Europe is at the forefront of science and technology around the world and will play an important role in innovation.

Carlos Moadas
Member, The European Commission for Scientific Research, Science and Innovation

According to him, the European Commission will work together with the European Council for Innovation, which today takes the first steps to "provide many innovative European companies with a springboard for leadership in the world."

"Horizon 2020" is a European program for the financing of research and innovation with a budget of 77 billion euros, which supports a high degree of scientific excellence in Europe and contributes to bright scientific breakthroughs, such as the discovery of exoplanets and gravitational waves, the European Commission explains.

The goal will be the financial support for companies developing new solutions in the field of migration, security, climate, clean energy and the digital economy.

PwC to Represent Crypto Analysis Tool

Halo aims to provide warranty services to cryptocurrency transactions, in particular, the solution helps to create independent evidence for private-public key pairs
20 June 2019   81

One of the world's largest consulting firms, PricewaterhouseCoopers (PwC), announced the launch of an updated audit solution that supports cryptocurrency assets. This is stated in the press release of the company.

A tool called Halo aims to provide warranty services to cryptocurrency transactions. In particular, the solution helps to create independent evidence for private-public key pairs, which is one of the elements necessary for establishing cryptocurrency ownership rights.

In addition, Halo can collect information about transactions and balances on the blockchain.

As noted in the statement, the decision can be used by companies for which PwC is not an auditor. The initiative should help them try new opportunities and solve problems related to the blockchain and cryptocurrencies.

Currently, PwC can use the updated tool to provide warranty services to customers operating Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, LiteCoin, Ethereum, Ripple (XRP), as well as the ERC-20 OAX token.

PwC has been showing quite a strong interest in the cryptocurrency industry for several years now. So, in 2017, the company began accepting payments in Bitcoins, and last year began to develop new standards for the ecosystem of digital assets and stablecoats.