#CryptoCorner: Visa (NYSE: $V) Developing Policy-Compliant Fair Computing Solution that Leverages #Blockchain, Libra (Nasdaq: $FB) Association Publishes Blog Outlining Recent Highlights
#CryptoCorner: Visa
(NYSE: $V) Developing Policy-Compliant Fair Computing Solution that Leverages #Blockchain,
Libra (Nasdaq: $FB) Association Publishes Blog Outlining Recent Highlights
Point Roberts, WA, Delta BC November 18,
2019 - Investorideas.com, a leader in crypto and blockchain investing news
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Stocks discussed: (NYSE:V) (NasdaqGS:FB)
Visa Research, the
R&D branch of credit card and payments giant Visa (NYSE:V), released a paper outlining its
proposed blockchain-powered policy-compliant fair computing solution called
LucidiTEE. An excerpt from the paper’s abstract reads:
This paper presents LucidiTEE, the first system to
enable multiple parties to jointly compute on large-scale private data, while
guaranteeing policy-compliance even when the input providers are offline, and
fairness to all output recipients.
Facebook’s (NasdaqGS:FB) Libra Association developer
Michael Engle wrote a blog
post
on Friday giving updates on the project five months after its official
announcement. Engle lists the following highlights:
● Inviting community participation in shaping how we get
to mainnet by making a detailed technical roadmap available to all.
● Encouraging developers to test Libra network
functionality by launching and continuously improving testnet, which has logged
more than 51,000 transactions since we reset the testnet on September 17, 2019.
● Simplifying how developers work with the Libra project
team, so they can focus more on building — by integrating our online developer
community, GitHub, CLA process, and more.
● Teaching developers of all backgrounds and skill levels
how to work with the Libra network by consistently publishing documentation and
technical blogs.
● Incentivizing developers to help us find and fix bugs
faster by launching a Bug Bounty program.
A statement from the UK’s
LawTech Delivery Panel published today examines the legal status of cryptoassets
and smart contracts in the country. The paper makes clear that the authors
consider cryptoassets to indeed be property, despite its “novel or distinctive
features”.
This is likely to have important consequences for the
application of a number of legal rules, including those relating to succession
on death, the vesting of property in personal bankruptcy, and the rights of
liquidators in corporate insolvency, as well as in cases of fraud, theft or
breach of trust.
According to the
site Coin ATM Radar, the global total
amount of cryptocurrency ATMs has now exceeded 6,000 with a grand total of
6,004. These are spread through 75 different countries. The U.S. is leading
with 4,126 locations and Canada is the runner-up with 729 locations.
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
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