JD. Com to Issue Asset-Backed Securities on Blockchain

JD Finance will launch the project in partnership with the brokerage firm Huatai Securities
13 June 2018   776

JD Finance, a subsidiary of the Chinese giant of electronic commerce JD.com, plans to issue asset-backed securities (ABS) using blockchain technology, CoinDesk reports.

According to the Securities Times report, the division of the Securities Commission of China, JD Finance will launch the project in partnership with the brokerage firm Huatai Securities, which will guarantee the release of financial instruments. The project will also involve Xingye Bank, which will be entrusted with the functions of a trust company.

According to representatives of JD, blockchain technology can significantly increase the transparency of operations. The experiment will determine whether this technology is able to meet the requirements of various parties involved in securities transactions, including issuers, underwriters and buyers.

According to local media, in August 2017 the company conducted a preliminary test of the technology of the distributed registry, issuing a loan for a car purchase.

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   109

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.