Thailand to Issue Central Bank Digital Currency

Solution called 'Project Inthanon' will be based on the Corda blockchain technology
23 August 2018   552

The Bank of Thailand (BoT) announced the launch of Project Inthanon, an initiative aimed at creating its own digital currency, CCN reports.

According to the report BoT, the financial regulator of this Asian country has joined forces with 8 partner banks and proceeds to create prototype solutions, which will be based on a Corda Technologies blockchain, created by a consortium of R3.

The project envisages the creation of tokens, through which money transfers across the country can be carried out using the interbank system.

Representatives of BoT noted that similar initiatives are also being implemented by the central banks of Canada, Hong Kong and Singapore.

Earlier this week, the head of the Bank of Thailand, Viratay Santiprabhob noted that crypto can not be directly associated with fraudulent projects.

Also this month, representatives of the BoT said that the country's financial institutions can buy and sell cryptocurrency after obtaining permission from the local Commission on the Securities and Exchange Commission (SEC).

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   111

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.