Microsoft to Use Trusted Execution Environment in DLT

IT giant had filed two new applications to the US Patent and Trademark Office (USPTO)
14 August 2018   230

Microsoft has submitted two new applications to the US Patent and Trademark Office (USPTO) for the use of the Trusted Execution Environment (TEE) in future blockchain solutions. This is reported by Coindesk.

According to patents, TEE is listed in the role of code in the node-validator, predetermined by the type of blockchain or other security protocol. In this form, certification based on TEE will be able to verify the participants in the system who own the same information as the nodes.

As indicated in the first patent, this solution will find use in blockchain consortiums. In particular, the first node will store the list of members of the association among another block of information, and TEE will monitor the safe inclusion of new members in the "consortium network."

In the second application, Microsoft said that the solution based on TEE will help in verification of transactions in the blockchain, where the authorized network is the authorized group of persons.

With the TEE-certification process, some transactions can be processed and confirmed without the need for decryption before further transmission on the network.

According to the developers, thanks to the innovation, the network will be able to accept transactions and directly update the structure of the block.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   158

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.