SONM to launch the platform

SONM project is going to launch its Crypto-IaaS livenet on June 30 as a month for public testing of an evaluation build is closing to an end
11 June 2018   1270

SONM project is going to release its Crypto-IaaS platform on June 30. The whole month of June is dedicated to public testing. Active phase of testing will reveal the necessary improvements for the system, and afterwards there will a transfer to the main network becoming operational with real SNM tokens.

The platform currently includes several parts:

  • SONM Core

features Worker, Optimus (autotrade bot), API Node, CLI, DWH, Rendezvous

  • SONM GUI

features Wallet, deposit/withdraw, profiles, purchase, my deals

  • SONM blockchain

features block producing nodes, gates, market smart contract, profiles smart contract, blacklist smart contract

With the livenet launch miners will be able to switch to SONM with no hassle with higher revenue expectations. At the moment of publication, SONM market characteristics are as follows:

Average price 0.150401 USD
Market cap 54,084,200 USD
Volume (24H) 1,044,240 USD

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   54

The fourth largest state bank, the Bank of China, has issued two-year blockchain bonds for small businesses totaling $ 2.8 billion.

To issue digital certificates, Bank of China used its own blockchain system.

It is also the first blockchain-based bond issue accounting system in the country.
 

Bank of China

Securities will go on sale with an interest rate of 3.25% per annum.

Thus, the bank hopes to raise funds to support small businesses in the country. As of September, as part of this initiative, the bank provided loans to small and micro enterprises for a total of $ 57.7 billion.