UBS eases transactions via blockchain

The world’s largest financial services company considers blockchain to secure computer systems
05 December 2017   1269

In a patent application released by the U.S. Patent and Trademark Office last Thursday, UBS unveils how it might use a distributed ledger to validate transactions.

UBS intends to create a permanent record of every action committed on the chain through blockchain. According to the application, company will use smart contracts to automatically register a record that is added to the chain. When the record is added, the user will automatically receive a notification sent by the same contract.

UBS also assumes that it could put the smart contract on the same blockchain that stores the data being added or develop two separate blockchains: one to store the data, and one to hold the smart contract monitoring data additions.

The company has long been interested in blockchain, the company had already presented a trade transaction platform built on a blockchain in partnership with IBM in 2016. Called Batavia, the project has been expanding with four major banks joining the effort near the beginning of October 2017.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   404

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.