Polish Credit Office to set Blockchain Resolve

The Polish BIK, collaborating  with Distributed Ledger Technology (DLT) provider Billon, is to adopt blockchain for storage and security of customer information
16 May 2018   414

BIK, that is hold by domestic and foreign banks in Poland,  comprise the major banks, keeps over 140 million credit histories of more than 1 million businesses and 24 million people in Poland, providing data on the credit history of bank customers, credit unions, etc. from the whole credit market of the country.

We believe that blockchain technology will transform how the financial sector communicates sensitive data with clients. Our solution will soon be expanded to include electronic delivery with active confirmation and remote signing of online agreements. It is also important that the solution meets the legal requirements of a durable medium of information, as well as the requirements of the EU General Data Protection Regulation [GDPR], which comes into force this month.
Mariusz Cholewa
President, BIK

As the founder and CEO of Billon Andrzej Horoszczak claims, the resolve that Billon has developed with BIK provides the world’s first GDPR-compliant blockchain platform which can upgrade customer service processes and manage the realization of customer rights such as the “right to be forgotten.”

This solution returns control of user data back to consumers, creating a level playing field between individuals and big corporations. The benefits of this solution can have an impact beyond the financial sector, and we anticipate that it will soon be adopted by institutions across industries such as telecommunications, insurance and utilities.
Andrzej Horoszczak
Founder, CEO, Billon

The used for the BIK project DLT solution will place every document in accessible, long-term storage, independent of the status of the contractual relationship status between the service provider and the user. Patents have been registered and the technology is ready to be accepted at performance levels that competes with the  traditional centralized databases.

SoftBank & Baidu to Invest in Atlas Protocol

Atlas Protocol was created by Nebulas Labs and xGoogler Blockchain Alliance
21 August 2018   130

The Atlas Protocol marketing module (ATP) has completed a round of attracting initial funding, led by SoftBank China Venture Capital (SBCVC), having collected several million dollars during it.

In a multimillion-dollar round, the exact amount of which was not disclosed, Baidu Ventures (BV), Danhua Capital and Fenbushi Digital also took part.

Atlas Protocol was created by Nebulas Labs and xGoogler Blockchain Alliance (xGBA). The "first developer" of Google Adwords, Jeremy Zhao and Columbia University Professor Ronggui Gu will serve as project advisors on technical issues.

Atlas Protocol plans to create a blockchain ecosystem and "to form a new paradigm of interactive marketing." According to the press release, ATP allows you to rank "calculated values ​​on the block and transfer value using tokens" using the ATP Smartdrop service application.

xGoogler Blockchain Alliance was formed in April this year as a community of former Google employees interested in blockchain technology. Its founders were the developers of projects Nebulas, Loopring and Gifto.