OriginTrail to Release Mechta v0.4a

According to the roadmap of OriginTrail Mechta Release v0.4a will be implemented on March 26, 2018
17 March 2018   840

OriginTrail is the purpose-built protocol for supply chain based on the blockchain. Trace (TRAC) is a utility token that enables data operations on the OriginTrail Decentralized Network. It aims to incentive nodes for performing, discover and connect functionalities, create supply chain consensus checks, carry data quality checks, data replication checks, cover voting rights for token holders and more.

According to the roadmap of OriginTrail Mechta Release v0.4a will be implemented on March 26, 2018.

origin trail roadmapOrigin Trail Roadmap

Mechta should bring a fully compliant GS1 EPCIS (product visibility) standard importer for OriginTrail as well as the documentation of the incentive model to be implemented until the testnet.

The main features:

  • Fully GS1 standard compliant importer
  • First version of incentive model documented

At the moment of press, these are main market parameters of OriginTrai:

Average price: $0,166127
Marketcap: $42 280 585
24h volume: $122 772

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Bermuda to Issue First ICO License

The first 'official' ICO that will be held at Bermuda is Uulala
19 October 2018   49

Bermuda’s Minister of National Security, Wayne Caines, said that the Uulala fintech company received the first ICO license in the region. It is reported by the Royal Gazette.

In July, the Secretary of the Treasury of the Overseas Territory of Great Britain, David Bert, introduced new regulations for fintech products and services. The bill classifies initial coin offers (ICO) as “limited business activities”.

The draft law also states that before holding a tokensals, companies must provide information about the proposed digital assets, the financing system, the amount to be raised and various technical aspects. In addition, you must obtain consent from the Minister of Finance of the region.

The CEO of Uulala, Oscar Garcia, reported that the process of obtaining a license took four months. Fintech offers a decentralized peer-to-peer network “to attract cash into the digital economy.” During the ICO, Uulala plans to raise $ 50 million.

We are looking at operating from Bermuda. The Bacardi story resonated with us — a group of Cuban Latinos who went to Bermuda and established their headquarters there. We are looking at doing something similar. Bermuda is known as a financial hub and it is very forward-thinking on blockchain and fintech.
 

Oscar Garcia

CEO, Uulala

The government of Bermuda began to develop bills for the legalization of the ICO in March. Then David Bert said that Bermuda could be an example for other countries in the field of ICO regulation.