A new blockchain-as-a-service platform launched in China

Chinese government-backed Research Institute has presented their blockchain-as-a-service platform for data storage and verification
27 March 2018   721

Nowadays everybody tries to move to blockchain it seems. And the Chinese are going even further with this notion. Recently China Banknote Blockchain Technology Research Institute has debuted the new system called Blockchain Registry Open Platform (BROP for short). It's a platform for identity and supply-chain tracking utilizing blockchain-as-a-service (BaaS) approach.

Of course, it's not the first BaaS platform ever developed, with several other companies having their own flavor of the same thing. But in the case of BROP the significant difference lies in the developer's official connections. The Research Institute is quite strongly tied to Chinese government and has a luxury of their backing on such projects.

The aim of the new platform is to build the environment for a trustworthy collaboration. It is achieved by establishing verifiable digital identities, storing trusted data on the blockchain and providing digital vouchers which would verify agreement rights on the blockchain.

It can be used to store data and provide track record for the changes made. Also developers have presented plans to utilize their project to make public services more optimized and transparent for the government and the users.

TON Launch to be Postponed to 30.04.2020

Investors, that are not happy with this fact, may receive 77% of their investments
17 October 2019   82

Telegram is ready to postpone the launch of the Telegram Open Network (TON) blockchain platform and suspend all operations with the Gram digital currency. At the same time, the company intends to challenge the lawsuit of the US Securities and Exchange Commission (SEC). The lawyers of Telegram notified the court of the Southern District of New York.

We had intended to launch the TON network in late October. However, the recent SEC lawsuit has made that timing unachievable. We disagree with the SEC’s legal position and intend to vigorously defend the lawsuit. We are proposing to extend the deadline date in order to provide additional time to resolve the SEC’s lawsuit and work with other governmental authorities in advance of the launch of the TON network.
 

TON Team

At the same time, CoinDesk reports that the project investors received a letter with information about the proposed transfer of the TON launch from late October to April 30 next year.

At the same time, the company must approve the decision on the transfer with investors. Each of the groups of investors who bought Gram tokens during two rounds of ICO will have to approve it separately.

Investors of the second round are invited to fill out the appropriate form before October 23. If the majority refuses to sign, they will be returned “about 77%” of the investment. It is reported that investors of the first round received a separate letter.

In the event that the majority still approves the launch transfer, Telegram plans to send another $ 80 million for the development of TON.