Steemit to release smart media tokens

The largest social network on the blockchain, Steemit, announces the launch of a new cryptocurrency project
30 September 2017   1950

The largest social network on the blockchain, Steemit, announces the launch of a new cryptocurrency project. It aims at creating new revenue streams through consumer involvement, expanding the client base and developing the opportunities for content-oriented social platforms.

According to the project's whitepaper, Steem’s Smart Media Tokens (SMTs) are "to give anyone the power to launch and sell Proof-of-Brain tokens, which are tokens distributed by “upvote” and “like”-based algorithms and can be integrated with websites to align incentives and spur growth, while websites are empowered to adopt sustainable, currency-centric revenue models". 

Ned Scott, CEO Steemit, claims that the new software will allow leading media and social media platforms to create Smart Media Tokens (SMTs) based on Steem's blockchain.

As reported, the integration of a customizable and clever system of tokens will be available both for editions and small independent blogs on WordPress. On top of that, the system involves remuneration not only for publishers, but also for consumers based on their contribution: likes, comments and votes, which is to serve as the basis for new revenue streams.

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   58

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.