Liquidity Network make off-chain protocol for Ethereum

It will become an analog of the Lighting Network for the bitcoin
30 November 2017   488

The Swiss researcher Ethereum Arthur Gervais presented a demo version of the Liquidity Network project. It will allow Ethereum-purses to introduce and use an off-chain transaction protocol for payment channels, an analog of the Lighting Network for the bitcoin network.

For users, the process of transferring funds will not visually change. But under the hood of the Ethereum wallets, the off-chain protocol will connect the sender and the recipient through "hubs", which will provide payment channels between all connected to the "hub" parties.

During the demonstration of the demo version, Gervais showed the process of depositing funds for the "hub", and also transferred two users 50 Wei and 30 Wei (fractional shares  Ethereum), respectively.

Earlier developers of the decentralized crypto exchange Altcoin Exchange conducted the first atomic transaction between the networks of bitcoin and Ethereum.

UN's World Food Programme Can Use ETH Blockchain

Ethereum blockchain can help to fight world hunger
20 February 2018   83

The head of the World Food Program (WFP) Robert Opp said that his department is developing a financial infrastructure for more efficient use of distributed ledger technology. With the help of the Ethereum blockchain, the organization has already saved millions of dollars on bank commissions. 

We felt we could replace the services offered by banks with blockchain. Blockchain helps promote collaboration by providing enormous amounts of data. We’re putting in place a financial infrastructure.

Robert Opp

Director, UN WFP

 It is worth noting that WFP didn't talk about specific plans for the further implementation of Ethereum technology.

Earlier, the UN launched a pilot program Building Blocks to assist refugees in Jordan. As part of the program, cryptographically unique coupons representing a certain number of local dinars were distributed among several dozen stores in five refugee camps.