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by Simon cutter and partners the market volume for the blockchain in the auto industry is expected to reach 104 billion euros by 2030 part of this will fall on the category of taps so-called distributed applications not only smart phones and computers collect data but also cars store more and more information and process its further but on the used car market there is a big problem manipulated mileage with the help of the VAT chain public blockchain and adapt verify car from BMW this problem should be solved vehicle owners can use the collaboration of BMW and Vette chain to transfer important information such as mileage or service and repair history verified and validated via the blockchain manipulated mileage should cause an annual damage of 6 billion euros mileage manipulation is an enormous problem according to an attack study every third used vehicle sold in Germany drives with a manipulated speedometer and the annual damage amounts to more than 6 billion euros says Sihon al baiy head of the BMW group at tech office in Singapore opposite autumn oddity in the long run this leads to a loss of customer confidence which is to be maintained using blockchain technology the verify card app would record not only the mileage but also all other activities of the vehicle and store it on the VAT chain public blockchain batching Thor in the future customers of the BMW group should be able to assign an individual QR code for each car this is linked to the respective car and can be scammed to obtain necessary information such as the mileage even though everything has already been technically tested it is not yet clear when the application will be ready for production tell us what you think about BMW using the VAT chain public blockchain for DAF verify car in the comments section below thanks for watching The Ohio Bitcoin calm Bitcoin news channel disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please click the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon Fidelity’s crypto custody service goes live for selected customers fidelity digital assets has launched cryptocurrency custody and trade execution services currently it is available now only for selected customers with the customer base expected to expand in the near future fidelity digital assets a new company that offers enterprise quality custody and trade execution services for cryptocurrencies to institutional investors has announced that its platform is live selected customers have got access to cryptocurrency custody and trade execution operations while others may have to wait until September we are live with a select group of eligible clients and will continue rolling out slowly our solutions are focused on the needs of hedge funds family offices pensions endowments other institutional investors more on our project HTTP colon slash slash t KO / EK j – p w j t – y numbered blockchain fidelity digital assets at digital assets March 7th 2019 fidelity digital assets is a company established by fidelity a multinational financial services corporation based in Boston Massachusetts and the fourth largest asset manager with two point four trillion dollars in assets under management as of December 2017 the giant spends 2.5 billion dollars per year on technologies like artificial intelligence in blockchain fidelity digital asset services was set up in October last year with the aim to provide cryptocurrency storage and trading services to institutional and enterprise clients the company targets institutional investors and works on cryptocurrency solutions for commercial space in January Abigail P Johnson chairman and CEO of fidelity investments revealed the company’s plans to law Bitcoin custody service with ethereum next and said that the date of launch was set for March the promise has turned out to be true and the service is now live however not all customers are able to use it according to Tom Jessup fidelity digital assets had some customers were using the platform in January when it was in the final testing stage well for other customers it was March others may wait until September Jessup explained it’s really depends on the facts and circumstances of each client it is notable that the service was developed when the crypto market had quite hard times as Tom Jessup the last year collapsed did not have any impact on the launch he said if you started a crypto fund at the height of the market year probably hurting right now moreover Jessup believes that despite the bear market interest in cryptocurrencies from institutional investors continues to grow as they are looking for long term investments but having a desire to add some form of cryptocurrency to their portfolios they do not want to take risk connected with the volatility of Kryptos which at the same time provides trading opportunities according to the research conducted by fidelity about 22 percent of institutions asked already owned cryptocurrency and expect to double their crypto assets over five years Jessup said if anything they are as encouraged now as they were when prices were higher fidelity digital assets will provide a perfect solution for institutional investors who wait and see when it comes to investing in Kryptos earlier fidelity said our conversations with a variety of institutions have served to underscore their clear need for a trusted platform provider in order to engage with digital assets in a meaningful way we are committed to exceeding the requirements and standards of existing solutions with both our custody platform and trading venue providing a combination of security and a central point of market access disrupting the obfuscated nature of trading digital assets today the new company will conduct trades on multiple exchanges for these investors as well as handle custody and store digital assets fidelity digital assets is one of the first companies to provide similar services the team behind the company is currently working on improving various parts of the platform and planning to expand its customer base in the near future despite Bitcoin crash Wall Street veterans are tackling institutional crypto over recent months blockchain dot-com coinbase and coin list have all announced the loss of Wall Street veterans slated to help the startups in their foray into the institutional side of the crypto coin but startups in this space seem to be poised to welcome financial institutions into the Bitcoin BTC realm with open arms the fact that such companies continue to get funded should be an indicator that the institutional herd is coming as former goldman sachs partner mike Novogratz likes to put it goldman sachs exact ago me raises twelve million dollars last year Gregg – sir the former head of electronic trading at goldman sachs and his partners quietly launched a cryptocurrency focused startup named to go me while the company did face an uphill battle due to the falling market the venture launched in mid-december just as BTC established a fresh low at the harrowing price point of three thousand one hundred fifty dollars for those who missed the memo here’s a tad bit more about the project and what it aims to accomplish in this embryonic space tegami is focused on providing prime broker-dealer services primarily for its bigwig clients the american start-up intends to produce a liquidity pool easing slip page for gargantuan block orders while ensuring the transparency and proper trade reporting is upheld in a separate interview with the block to sir alluded to the fact that – go me is or is aiming to fill that gaping hole in this industry and quick he explained that there hasn’t been a single platform that it shepherded clients from depositing fiat deciding on an investment thesis allocating capital to cryptocurrencies securing holdings and all the way to managing these investments for the long haul while this premise already secured a stamp of approval from Peter Thiel the dawn of the so-called PayPal mafia which includes eel and musk lighting Network supporter Reed Hoffman Pro crypto David Sachs to Gomi recently closed another round of funding even amid lackluster industry conditions to sir and his peer former Union Square Ventures analyst Jennifer Campbell sat down with Bloomberg to discuss the subject matter on Monday in the interview the dhu-l revealed that to go me raise 12 million dollars in its second round from investors like the Yale University backed paradigm and Pantera Capital overall the company has raised twenty eight million dollars so far embedded content Campbell noted that with this money to go me will continue to act as an agent for companies and traders looking to issue large transactions while remaining relatively anonymous she hinted at the fact that this simple feature could entice bigwigs to invest as they want control over their crypto trading while still keeping privacy at the forefront to Gomez recent fund raise only underscores that venture capitalists are still siphoned millions of dollars worth of capital into this space almost as if there is no tomorrow blockchain publications unit Dyer reported last week that over crypto single decade of history investment groups have given industry companies over five billion dollars 1.6 billion dollars of which found its way into the wallets of startups just last year related reading despite bare market crypto startups got boosted

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