Lenovo Plans to Launch a Blockchain Based Product

A new Lenovo patent filing suggests that it will work in accordance with the blockchain technology
19 February 2018   789

Lenovo is supposed to launch a new advanced product on the market. The company will use blockchain as part of a system for verifying the validity of physical documents.

According to the application released by the U.S. Patent and Trademark Office (USPTO), the company describes a set-up that utilizes digital signatures encoded in physical documents, which can be processed by computers to verify the legitimacy of a document. It is indicated a new product that operates with digital signatures codes and security blockchain. It will allow connecting the device to any computer or machine.

Using the security blockchain, anyone can validate that they have the current authentic physical document even if multiple paper copies exist and multiple people have made entries in the chain of modification. If any forgeries exist, they will show up as orphaned blocks in the chain. To validate a paper copy, a user of the electronic device takes a picture of the printed code on the physical document.

Lenovo team

The company claims that all persons involved in having copies of a document have no negative consequences in terms of the information alteration.

However, this is not a first company’s experiment with blockchain technology. Last year, IBM had started working with the company on a blockchain-based invoicing system. They have worked on a project related to billing and transparent processing operations.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   121

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.