Finland works with Esentia.One: Blockchain for Logistics

The Finnish government has declared second collaboration with decentralized interoperability protocol Esentia.One to build blockchain solutions for logistics
29 June 2018   550

This is the second pilot program that the two organizations have cooperated - the first one, which started in April of 2018, was made to track production chains and reduce unemployment rates. 

The success of our first e-government blockchain project with MTK meant we built a level of mutual trust. As passionate believers in the underlying value in blockchain, we knew that we could adapt the technology to solve many more issues in different governmental departments.
Matteo Gianpietro Zago
Co-Founder, Esentia.One

Essentia.One on Twitter
Essentia.One on Twitter

This spep also represents the latest in a series of initiatives by the Finnish government to position the state as one of the world’s leading logistics hubs. The pilot will finally be introduced to several Finnish government organizations that are connected with the logistics industry: the Finnish Ministry of Transport and Communications, the Finnish Transport Safety Agency (Trafi), the Finnish Transport Agency, the Finnish Communications Regulatory Authority, the Finnish Customs, and other member organizations of Finland’s Corridor as a Service (CaaS) ecosystem.

Our purpose has always been financial inclusion, and especially to help people in developing countries.
Antti Pennanen,
CEO, MONI

The Finnish government has researched several other blockchain initiatives. It declared about a partnership with local startup MONI to provide fugitives with blockchain-based debit cards that would also record identity information in September of 2017.

Bitfinex to List BCH' Chain Split Tokens

Bitfinex warned that support for BAB and BSV could be temporary
14 November 2018   56

The Hong Kong cryptocurrency exchange Bitfinex has listed the so-called Chain Split tokens for the two implementations of the Bitcoin Cash protocol. Bitcoin Cash hardfork is planned on 15th of November.

BAB [Bitcoin ABC client] and BSV [Bitcoin SV client] tokens will be traded in pairs with Bitcoin and the US dollar. The Token Manager tool will allow users to convert their Bitcoin Cash into one of the tokens. This process is reversible, Bitfinex emphasized. At the same time, marginal trade in tokens will be unavailable.

After snapshot of the network, the corresponding coins will be automatically converted into BAB and BSV onchain tokens, and all current Bitcoin Cash holders will receive an equivalent number of coins. However, if the user has a short BCH position at the time of the snapshot, the margin will be canceled, and the borrower, if he does not have enough tokens, will have to cover the negative balance sheets until December 31.

Bitfinex also warned that support for BAB and BSV could be temporary, and that as soon as all negative balances were covered, the exchange could delist them, allowing limited time for withdrawal.