Telecoms Blockchain Group Promotes Demo Success

Multinational telecoms companies have joined the Carrier Blockchain Study Group (CBSG) to apply blockchain technology to the industry
23 February 2018   597

According to the Japan SoftBank’ announcement, the study group will join new members United Arab Emirates' telecom Etisalat, Spain's Telefonica and Philippine's PLDT. Also, two companies from South Korea, KT Corporation and LG Uplus, a subsidiary of LG will join the group too.

The Carrier Blockchain Study Group was established last year in September in order to research and develop an international cross-carrier blockchain platform. 

By establishing blockchain between carriers, we can provide differentiated services by securing transparency, security and real-time transactions.

Wonseok Cho

Vice president of LG Uplus

According to the release, the group of companies promotes its recent success in demonstrating a cross-carrier blockchain payment system to initiate phone bill top-ups, as well as mobile wallet roaming and remittances.

In future, CBSG plans to trial a blockchain platform to power mobile wallet roaming among Japanese and Taiwanese travelers in 2018.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   121

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.