HSBC to Use DLT to Cut Forex Deals Costs

FX Everywhere blockchain platform platform handles up to 5,000 transactions daily, and their total volume has already reached $ 350 billion
15 February 2019   611

HSBC, a large British bank, has reduced its foreign currency transaction costs by a quarter thanks to the use of FX Everywhere blockchain platform. This was stated by operating director of the bank, Mark Williamson, Reuters reports.

He said that the platform handles up to 5,000 transactions daily, and their total volume has already reached $ 350 billion.

We going at a pace now. We’re able to demonstrate that this is not a one-off proof of concept or just one or two trades. The more participants that you have joining the HSBC shared permissioned ledger and the ecosystem, the more efficient we’re going to become in providing services to our clients.
 

Mark Williamson

chief operating officer of FX cash trading and risk management, HSBC

According to him, HSBC makes calculations worth billions of dollars every day, and the blockchain allows them to manage risks in real time.

Williamson did not provide accurate data on the daily volume of transactions, but noted that the system is capable of handling "a significant amount of internal operations."

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.