UN's World Food Programme Can Use ETH Blockchain

Ethereum blockchain can help to fight world hunger
20 February 2018   929

The head of the World Food Program (WFP) Robert Opp said that his department is developing a financial infrastructure for more efficient use of distributed ledger technology. With the help of the Ethereum blockchain, the organization has already saved millions of dollars on bank commissions. 

We felt we could replace the services offered by banks with blockchain. Blockchain helps promote collaboration by providing enormous amounts of data. We’re putting in place a financial infrastructure.
 

Robert Opp

Director, UN WFP

 It is worth noting that WFP didn't talk about specific plans for the further implementation of Ethereum technology.

Earlier, the UN launched a pilot program Building Blocks to assist refugees in Jordan. As part of the program, cryptographically unique coupons representing a certain number of local dinars were distributed among several dozen stores in five refugee camps.

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.