Google Finally Making Moves into Blockchain & Bank of England Settlement System Will Be Crypto-Compatible
The upward trend continues in the cryptocurrency markets, the global cryptocurrency market cap is now at $294 billion, up $4 billion from yesterday. Bitcoin continuing its bullish momentum rising $285 overnight to $7997 and Ethereum also up a touch, now at $471, up $7 on yesterday.
Google have announced the second of two partnerships with blockchain startups in the past week in advance of their Google Next ’18 event. Google reached an agreement to work with Blockapps last week, and confirmed a working agreement with Digital Asset yesterday. According to a blog post from Google the partnerships will enable Google Cloud customers to “now explore ways they might use distributed ledger technology (DLT) frameworks” and “try open-source integrations for Hyperledger Fabric and Ethereum later this year in our GCP Marketplace”. Google have expressed interest in blockchain and dlt for a few years but little appears to have materialized until now – major competitors Amazon, Oracle and Azure already have working cloud platforms for blockchain developers – whether Google has something big they’re holding back until their event remains to be seen. At this point Google are arguably flagging as a “blockchain as a service” provider in the cloud.
The Bank of England have apparently confirmed its revamped Real-Time Gross Settlement (RTGS) will be compatible with distributed ledger technology – effectively opening the door for payment service providers in the blockchain and cryptocurrency sectors to work within the traditional banking sector. The RTGS was redeveloped in collaboration with four companies, Baton Systems, Clearmatics Technologies, R3 and Token, all of which have also confirmed the system’s ability to interact with service providers beyond the traditional banking system. The UK government still aims to be a leading center for fintech development and innovation, however the Central Bank’s stance on cryptocurrencies is still yet to be clarified fully.
John McAfee has announced the launch of 2 new websites aimed at cryptocurrency enthusiasts and tech start-ups looking to launch Initial Coin Offerings (ICO’s). McAfeeMarketCap.com is a resource site aggregating coin values and news very similar in structure and layout to many other aggregation sites, although the aim is to “continue to roll out more updates with the goal of becoming the #1 free resource for the cryptoverse”. McAfeeCryptoTeam.com is a B2B site offering support services for the development of Initial Coin Offerings and the subsequent promotion of them through McAfee’s substantial networks and connections.
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Created: Tuesday, July 24, 2018
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