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   3193

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.

BNC to Monitor BTC Community's Mood

The system called Twitter Sentiment analyzes over 34M BTC-related Twitter posts each week, using AI to track the mood of the community
22 January 2020   70

Blockchain-based New Zealand-based research firm Brave New Coin (BNC) has unveiled a new system for measuring the mood of the Bitcoin community based on Twitter messages.

According to BNC, the new Twitter Sentiment rating system analyzes over 34 million BTC-related Twitter posts each week. The company uses artificial intelligence (AI) algorithms that look for records containing the words bitcoin, $ BTC and BTC and others.

BNC notes that user sentiment continues to be a “significant” factor in the price and dynamics of digital assets, and a new technique has been developed to track these sentiments. According to the BNC, it took 18 months to launch the Bitcoin Twitter Sentiment. The data obtained is divided into seven categories - Opinion, Technical Information, Inside the Network, Advertising, Bots, Macros and Hacking.

For the week ending January 17, the most common entries were in the Opinion category - their number was 30.42% of all data received. In second place was the category Technical Information, and in third inside the network (includes information on mining and hashrate).

BNC spokeswoman Pierre Ansaldi said that during the first quarter of this year, the company will also launch community sentiment analysis tools for other crypto assets.