Raiffeisen Bank has joined Blockchain Consortium R3

Recently Raiffeisen Bank International (RBI) has accepted R3, the largest Blockchain consortium
22 November 2017   1068

RBI announced that it had become the first Austrian bank joining R3. R3 – is on of the biggest Blockchain consortium which is popular among banks, financial regulators, tech companies and trade associations.

R3 uses Corda, Blockchain platform designed for finance and trade and creating proof of concept system. In October Blockchain developer in New-York launched updated version of Corda.

Michael Hoellerer, RBI Plenipotentiary who responses for digital strategy explained that such decision will allow them to collaborate with peers and this step will boost the growth of RBI innovations.

Joining R3, RBI is to deal with different payment solutions, digital ID, trade finance, capital markets and so on.

In September 2015 with support of Barclays Credit Suisse, BBVA, Commonwealth Bank of Australia, Goldman Sachs, JPMorgan, Royal Bank of Scotland, State Street, and UBS launched R3. And this consortium didn’t launched it’s own cryptocurrency like Ripple’s did.

Now R3 widens it’s partnership with Microsoft and updates Corda to adopt it for Microsoft Azure. This step will approve Azure as R3 provider of choice.

DApps Vulnerability Allowed Hackers to Still 400k EOS

EOS based gambling projects fell victims of the hacks
11 December 2018   38

PeckShield cybersecurity experts discovered that from July to November, hackers carried out 27 attacks on decentralized applications (DApps) in the EOS ecosystem. Losses from attacks are estimated at 400,000 EOS coins, which is equivalent to $ 760,000 at the time of writing. This is the Chinese edition of Blockchain Truth.

According to the PeckShield report, in one month, hackers took over 170,503 EOS, attacking eight DApps: EOSBet, EOSCast, FFgame, EOSDice, EOSWin, MyEosVegas, LuckyGo and EOSLelego. Experts point out that while vulnerabilities are rooted in DApps, these attacks are a threat to the security of an EOS ecosystem.

They also concluded that such attacks began to take place more often, and their success rates are only improving.

According to PeckShield, the EOS network has 500,000 accounts, 200,000 of which are inactive. The report also states that 120,000 accounts are collectively managed.