Microsoft will use blockchain technology to help refugees

Microsoft and Accenture develope blockchain-based digital platform to help refugees prove their identity from anywhere
28 June 2017   1027
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Microsoft and Accenture Plc joined forces in a project that is designed to provide legal IDs to 1.1 billion people using a blockchain based digital network. The target of this project is to assist refugees who don't have their paper documents by the hand. It will give them access to education and healthcare. Project is supported by the United nations

This service will store digital identifications of refugee and will allow access their record at any location, even without any paper documents. The program will work with multiple organizations databases to prove a person's identity. It is much better than rely only on one database. At the moment, there is one prototype, created using existing Accenture platform used by the UN High Commissioner of Refugees.

Developers from both teams invite other companies to join their project.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   88

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.