Did you read latest updates on EU on cryptocurrencies? We got you covered
Welcome to the weekly Blockchain updates, where we inform our community about crypto news and blockchain updates of the Week.
Swiss Stock Exchange Building Infrastructure for Digital Assets
Switzerland’s principal stock exchange has announced that it is building a platform for the trading and custody of digital assets.
The firm says it plans to launch “a regulated exchange platform, which will be the first market infrastructure in the world”.
As he Financial Times wrote, “The platform being built by the Six exchange is designed to be used for cryptocurrencies such as bitcoin and will be based mainly on Blockchain distributed ledger technology.”
The service will be called SIX Digital Exchange (SDX) and its first services should be implemented in mid-2019”.
EU Report Advises Regulators not to ignore cryptocurrencies or attempt to ban them
A recent report published by the European Parliament Warns EU Policymakers to discuss how crypto should be treated, their taxation, as well as their potential impact on financial systems and central banks’ monopolies on money issuance.
“The economists who attempt to dismiss importance of Virtual currencies, considering them as the inventions of ‘quacks and cranks’, a new incarnation of monetary utopia or mania, fraud, or simply as a convenient instrument for money laundering, are mistaken”
Virtual Currencies aren’t expected to go away anytime soon.
FedEx Institute Partners With Pharmacy to Use Blockchain for Cancer Medicine Distribution
The FedEx Institute of Technology is creating a new blockchain based platform with pharmacy company Good Shepherd Pharmacy to develop a more effective distribution of cancer medicines to patients across the United States.
“In Tennessee alone, over $10 million worth of perfectly good prescription medication gets flushed down the toilet every year. Blockchain is the solution for that problem.”
Walmart exploring blockchain Blockchain-Based Delivery Management System
U.S. retail giant Walmart’s is working on a delivery-focused blockchain patent. The application introduces a “secure” delivery management system, for managing package reservations in the case of the customer not being available to receive it.
The newly published application outlines a blockchain-based management system for delivery lockers that can keep delivered items safe until their purchasers are able to sign for and collect them.
Blockchain technology connect those lockers in order to track which lockers are free, and which are occupied.
