Microsoft and Bank Hapoalim joined forces

One of the largest IT company in the world and biggest Israel's bank will use blockchain for managing digital bank guarantees
08 September 2017   864

Israel's largest financial institution Bank Hapoalim and Microsoft are developing a blockchain platform for managing digital bank guarantees. This is reported by the Fortune.

According to the developers, the new platform will significantly improve the efficiency of financial operations and reduce the amount of "paper work". At present, in order to receive a bank guarantee, the client must come to the office, issue documents, transfer guarantees to the beneficiaries, return them back to the bank, if they were not used, etc. The new solution is designed to speed up this process by reducing the number of routine operations.

The new process will enable Bank Hapoalim customers to receive security documents in a digital, automated and secure manner, without physically coming to the branch and in a very short process.

Arik Pinto

CEO, Hapoalim

The system will use Microsoft's Azure cloud computing platform, as Maersk do.

Qvolta is launching its platform

Qvolta announced its platform release date of April 2 that will feature a full-fledged version of a web platform
24 March 2018   38

Qvolta platform has set its release date to April 2. The release is in accordance with the roadmap of the platform and will include a fully functional version of the web platform. The developers team is currently performing various tests and making final amendments to ensure the proper functionality. This desktop client is in alpha stage. A mobile app for secure authorizations is out and it is the native solution for security without intermediaries.

Qvolta is a P2P exchange platform solution that focuses on the capability of trading Bitcoin and Ethereum for fiat currencies and vice versa. And such functionality is provided through local payment methods. Since centralized exchanges become the target of serious scrutiny of regulators, cryptocurrency platforms that allow trading P2P or in fully decentralized fashion are getting more necessary.

As of the moment of the publication, the market parameters of Qvolta are as follows:

Average price: $0.390836

Market cap: $2,712,466

Volume (24h): $6,171