5 Years Ago

Jonny Fry Posted

5 Years Ago |
Creating a digital representation for real estate
 

On the back of the recent announcement from the High Chancellor in November 2019 regarding Smart Contracts and Digital Assets it is likely the Law Commission for England and Wales will now introduce new laws, or we will see courts making a ruling based on the High Chancellor’s statement. This will then give absolute legal certainty as to the status of Smart Contracts and Digital Assets. It is very significant as, until the Chancellor’s guidance, Digital Assets were not recognised. It could have been argued that, as one was unable to take physical possession...


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Jonny Fry Posted

5 Years Ago |
China dominates patent filing

Hailed as the biggest invention since the internet, Blockchain technology is being aggressively pursued by governments and corporations globally. This can be seen by the huge increase in the number of patents that have been filed around Blockchain technology.
The Chinese Government has recently been vocal about how it believes Blockchain technology is important, with Chinese President, Xi Jinping, telling its citizens to “seize the opportunity”. This was followed by the Chinese Congress passing a cryptography law only one day after Xi’s comment which, itself, will come in to effect on 1st January, 2020. The law reaffirms the...


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Jonny Fry Posted

5 Years Ago |
Lamborghini authentication using Blockchain technology

Lamborghini, the luxury car manufacturer, has turned to SalesForce and its CRM Blockchain platform to help prove the authenticity of its cars. SalesForce, an IT giant valued at over $140 billion, trades on a heady Price Earning (PE)ratio of 136 compared to the S&P 500 average PE of 22.9. SalesForce, which is no stranger to high performance, launched its Blockchain platform in May 2019. At the same time it announced that various diverse organisations, such as the University of Arizona,  IQVIA and the S&P Global ratings firm, were all using the platform. Now Automobili Lamborghini uses...


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Jonny Fry Posted

5 Years Ago |
Which will be the first major central bank to launch a digital currency?


In an article in The Sunday Guardian in India written M.D Nalapat, who is the Editorial Director of The Sunday Guardian, he proposed that the Chinese Government is stockpiling gold and also posed the question - could this eventually lead to the Chinese launching a Central Bank currency backed by GOLD? Surely it would be better for China to have any digital currency that it wishes to create, to be backed by a basket of real assets that are traded on recognised stock exchanges? Such assets would include...


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Jonny Fry Posted

5 Years Ago |
Track and trace the food on your plate becoming ubiquitous

Blockchain technology is being used by more and more retailers to establish the provenance of food on a global basis. Mitsubishi’s subsidiary in Norway, called Cermaq, has recently announced that it will be using a Blockchain-powered platform to enable consumers to track the life of the salmon Cermaq buys from the French retailer, Labeyrie - from egg to store. Consumers will be able to scan a QR code on packs of salmon to be able to see how,
where and who has grown and farmed the fish they are buying.
 
Supermarkets, like Carrefour,...


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Jonny Fry Posted

5 Years Ago |
Is Blockchain technology to disrupt jets and auto industry?
 
Jet Token is “a blockchain-based booking platform for the 4,000 jets available for use if you don’t actually own it”, says Mike Winston, the CEO of Jet Token. He estimates about 85 percent of chartered flights take place on airplanes like this, and his company will ‘accept any kind of crypto’ as payment to make it happen. “With 24 hours’ notice, we can have a plane ready for your desired flight, within its defined geographic area. Using a blockchain-based booking system makes the process more transparent and available to more people”, continues Winston.
 
 
 
Jet Token...


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Jonny Fry Posted

5 Years Ago |
Swiss payments go digital and in doing so, lay the foundations to potentially help the unbanked
 
Worldline, a huge Swiss-based global payments business with over 11,000 employees in 30+countries, has just made two announcements. It has now entered into an agreement with WeChat, a subsidiary of the hugely successful Tencent in China, meaning that WeChat’s 800 million customers can now use WeChat to pay for goods and services using their mobile phone (just as they do in China). According to data from Nielsen, over 91% of Chinese tourists overseas use their mobile phone to pay for items. Therefore it is hoped...


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Jonny Fry Posted

5 Years Ago |
The Chancellor of the High Court, since 2016, said Sir Geoffrey Vos “I believe that this morning is a watershed for English law and the UK’s jurisdictions.  Our statement on the legal status of cryptoassets and smart contracts is something that no other jurisdiction has attempted.
“The objective, of course, is to provide much needed market confidence and a degree of legal certainty as regards English common law in an area that is critical to the successful development and use of cryptoassets and smart contracts in the global financial services industry and beyond.”
 
Sir Geoffrey’s speech can be read can be read...


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Joined 7th February 2019