#CryptoCorner: #Huobi to Launch Public #Blockchain, South African Central Bank Claims Successful Blockchain-based Payment Trial and #Binance Invests in #Esports Platform
#CryptoCorner: #Huobi to Launch Public #Blockchain, South African
Central Bank Claims Successful Blockchain-based Payment Trial and #Binance
Invests in #Esports Platform
Point Roberts, WA, Delta BC – June 6, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/06061HoubiSouthAfricaBinance.asp
Huobi to Launch Public Blockchain, South African Central Bank Claims
Successful Blockchain-based Payment Trial and Binance Invests in Esports
Platform
Crypto exchange Huobi, has today announced the launch of its
Huobi Chain Project (HCP). To kickstart the project, the company has created
the Huobi Chain Superhero Champion Project (HCSCP), which “will incentivize the
community to participate in building the Huobi public chain from the ground
up.” Huobi has devoted 30 million Huobi Tokens (HT), or about $160 million USD,
as an initial investment for the project.
“We firmly believe in a decentralized future, and
the main goal of the Huobi Chain project is to transform a centralized
corporation to a decentralized one that’s run by the community,” said Leon Li,
founder, and CEO of Huobi Group. “Our dream is for Huobi to run on the public
blockchain and become a truly decentralized autonomous organization.”
The South African Reserve Bank (SARB) has published the results of its proof-of-concept trial of distributed ledger
technology (DLT) based wholesale payment system, Project Khokha. The statement
indicated that in the trial, average daily payment processing time was brought
down to under two hours with “full confidentiality”.
“The results show that the typical daily volume of
the South African payments system could be processed in less than two hours
with full confidentiality of transactions and settlement finality. Transactions
were processed within two seconds, across a network of geographically
distributed nodes, with distributed consensus providing the requisite
resilience. The SARB was able to view the detail of all the transactions to
allow for regulatory oversight.”
Binance, the world’s largest crypto exchange, is
investing in Malta-based chiliZ, “a platform that allows both esports and sports entities to tokenize
their voting rights to their fan bases,” according to a press release yesterday.
The statement indicates that both companies will collaborate to “develop a
fan-driven token ecosystem for traditional sports teams”.
Alexandre
Dreyfus, CEO of chiliZ, said: “Binance’s significant investment in chiliZ will
boost our current private placement offering and help us to move faster. Their
support will help us deliver our vision globally, increase our visibility in
the blockchain ecosystem and empower our technical vision. I’m also excited
that Binance is setting-up in Malta, where we will be able to share resources,
enabling a more strategic partnership.”
Sam Mowers, Investorideas
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