Macro Guru Raoul Pal diz que o Ethereum Adoção Espelhos Bitcoin – Aqui está o quão alto a ETH poderia chegar a este ciclo

O guru da macroeconomia e co-fundador da Real Vision, Raoul Pal, prevê que o Ethereum subirá para $20.000 neste ciclo.

O ex-executivo da Goldman Sachs diz que seus modelos

Em um artigo de Marco Insiders, o ex-executivo da Goldman Sachs diz que seus modelos, incluindo a Lei da Metcalfe que afirma que o valor de uma rede está diretamente correlacionado com seu número de usuários, sugerem que o valor de um ativo criptográfico é baseado na adoção.

Olhando para o Ethereum, Pal destaca que o limite de mercado da plataforma de contrato inteligente líder está altamente correlacionado com seu número de endereços ativos, assim como o Bitcoin.

Pal diz que a correlação entre a adoção e o valor da rede não é uma coincidência.

Ele explica que a distribuição de preços do Ethereum versus seu número de endereços ativos espelha o desempenho exato da Bitcoin no mesmo estágio. Ele observa que o Ethereum é seis anos mais novo que a Bitcoin e que os participantes do mercado terão de esperar que os mesmos efeitos de rede entrem em ação.

Pal também olha para um marco importante quando BTC e ETH alcançaram 1 milhão de endereços ativos. De acordo com o CEO da Real Vision, o crescimento da ETH é praticamente idêntico ao da Bitcoin, com apenas 4 anos de diferença.

„Observe que os preços são EXATAMENTE os mesmos também. Não nos adequamos aos preços, nos adequamos a 1 milhão de endereços ativos“.

A ETH terá um desempenho 2x superior ao do Bitcoin

Com base na trajetória de crescimento do Ethereum em termos de preço e adoção, ele acredita que o segundo maior ativo criptográfico seguirá os passos do Bitcoin.

„É o SAME como Bitcoin, no ponto do SAME em seu ciclo de adoção, com o preço exato do SAME e seu limite de mercado aumentando mais rapidamente… e sugere que seu ciclo de adoção também pode ser mais dramático…

A ETH terá um desempenho 2x superior ao do Bitcoin e é movida exatamente pelo mesmo mecanismo – uma grande narrativa – a plataforma para dinheiro programável e, obviamente, a Lei de Metcalfe“.

Bitcoin haalt Facebook in, „Makes Sense“ zegt Winklevoss

„Logisch dat een geldnetwerk waardevoller zou zijn dan een sociaal netwerk“, zei Cameron Winklevoss op wat een opmerkelijk moment moet zijn voor de tweeling.

Nadat ze $ 65 miljoen hadden gewonnen door Facebook aan te klagen, kochten ze in 2013 voor $ 11 miljoen aan bitcoin

Ze werden toen uitgelachen, maar de geschatte 100.000 Bitcoin Code is nu meer dan $ 4 miljard dollar waard, aangezien de tweeling uiteindelijk wordt gerechtvaardigd met bitcoin die de marktkapitalisatie van Facebook overtreft.

De marktkapitalisatie van Bitcoin, januari 2021

De marktkapitalisatie van Facebook is momenteel $ 765 miljard, terwijl bitcoin is gestegen tot $ 768 miljard, waarbij het geldnetwerk voor het eerst het sociale netwerk inhaalt.

Mark Zuckerberg van zijn kant probeert sinds 2018 betrokken te raken bij crypto , en in 2020 een visie op een winkel op elk instagram dat via crypto kan worden verhandeld.

Zijn Weegschaalproject heeft echter intensieve politieke aandacht gekregen, en het is onduidelijk of het zal worden gelanceerd.

De tweeling aan de andere kant voegde zich bij de bitcoin-menigte in plaats van te proberen hun eigen te creëren, en nu zeven jaar later wonnen ze meer dan alleen een rechtszaak.

De Russische Centrale Bank probeert het getij van roebels die bankrekeningen achterlaten, in te dammen…

Met de verklaarde intentie om risico’s te verminderen, kijken de bewegingen om nieuwe investeerders af te snijden van mogelijkheden om uit de roebel te komen.

Beginnende beleggers in Rusland zullen al snel minder mogelijkheden hebben om de kelderende rente die op Russische spaarrekeningen wordt aangeboden te verslaan. Naast de investeerders zelf, zullen de grote verliezers waarschijnlijk ook apps verhandelen zoals Robinhood, die gericht zijn op starters.

Per 30 dec. aankondiging, werkt de Centrale Bank van Rusland aan het krijgen van effectenhandelsplatforms aan teen de lijn op „risicoreductie“-maatregelen voor het eerst gepasseerd in juli. In de laatste aankondiging beveelt de CBR effectenplatforms en -applicaties aan om „de onmogelijkheid te beveiligen om op het platform transacties uit te voeren die resulteren in de verwerving van aandelen of andere effecten van buitenlandse emittenten door ongekwalificeerde beleggers,“ met uitzondering van die welke door de CBR zijn goedgekeurd.

De CBR werkt er ook aan om te voorkomen dat ondernemingen „gecompliceerde beleggingsproducten“ – een term die grotendeels overeenkomt met leveraged trading of derivaten – aanbieden aan ongekwalificeerde beleggers, tenzij de ondernemingen die deze beleggingen aanbieden een gegarandeerd rendement van ten minste twee derde van het basistarief van de centrale bank bieden. Met het sleutelpercentage van 4,25% op dit moment zouden platforms 2,83% rendement moeten garanderen.

Er bestaat grote twijfel of het wel de bedoeling is om de investeerders te beschermen. Terwijl 4,5% jaloersmakend zou zijn voor een Amerikaanse spaarrekening, heeft de instabiliteit van de roebel sinds de sancties in 2014 en, meer recentelijk, de crash van de markt in maart 2020 voor het eerst grote aantallen beleggers naar de beurs gedreven.

In oktober, de CBR’s op dezelfde manier uitgegeven richtlijnen om ongekwalificeerde beleggers te beperken van de aankoop van meer dan 600.000 roebel (vanaf de publicatie, iets meer dan $ 8.000 dollar) ter waarde van crypto in een jaar. Die begeleiding maakte deel uit van een verklaring van de wet van het land ,,op Digitale Financiële Activa,“ die vanaf het nieuwe jaar van kracht werd.

Bitcoin kan vara redo för Uptick eftersom det närmar sig större Breakout Zone

Som vi rapporterade igår såg bitcoin en kraftig nedgång under supportnivån på 18 500 $.

Det digitala myntet förlängde sin nedgång under $ 18K-nivån och bildade en låg nära $ 17.644 innan tjurarna utlöste en stark återhämtningsvåg.

Enbart gråskala Crypto Engine har absorberat fler BTC-mynt varje dag än gruvarbetare producerar sedan halveringen.

Tidigare idag klättrade BTCUSD tillbaka över 18 000 $ och 18 200 $ när paret fick lite hausseartad fart. BTC-priset steg högre och bildade en hög nära $ 18 639 innan försäljningstrycket på denna nivå utlöste en retracement.

Kungsmyntet visade några baisseartade tecken efter att tjurarna inte lyckades uppnå vinster över motståndet på 18 500 dollar. BTC ökar dock för närvarande med 0,20% när den närmar sig den stora breakout-zonen till 18,6 000 $.

Ett tydligt avbrott över $ 18.600 motståndsnivå kan öppna dörrarna för BTC att fortsätta högre mot $ 19K.

BTC-tjurar släpper hammaren på björnar

Bitcoin-tjurar har varit ostoppbara de senaste månaderna. Institutionella investerare och miljardärsklassen har drivit den senaste rallyt när de fortsätter att sluka den begränsade BTC-utbudet och leta efter en plats att lagra värde.

Därför är det säkert att säga att tjurmarknaden är tillbaka trots det nuvarande fallet, med tanke på det begränsade utbudet av BTC kontra exploderande efterfrågan från detaljhandelsköpare och institutionella köpare. Som sagt, till och med tjurmarknader är korrekta, vilket framgår av den nuvarande förändringen i fart mot nackdelen.

Efter tjurarnas senaste försvar på 17 700 dollar har rebounden lett till bildandet av ett dagligt ljus som liknar en potentiell hausseartad reverseringssignal som kallas en „hammare“.

Vändningssignalen som visas i diagrammet nedan indikerar att BTC kan öka högre efter en framgångsrik visning av styrka när tjurar släppte hammaren på björnar.

ADA-priset visar tecken på ett nytt rally

Cardano (ADA) har minskat kraftigt de senaste dagarna, tillsammans med hela kryptomarknaden, eftersom den amerikanska dollarn blir starkare.

Igår korrigerade ADA-priset vinster från långt över $ 0,1500-nivån. Det populära altcoinet slog till och med supporten på 0,1450 dollar när nedgången tog fart och tog ADAUSD-paret under 0,1400 dollar.

Men den åttonde största kryptokurrency visar nu positiva tecken efter att den steg från låga nivåer nära $ 0.1305 för att bryta över motståndsnivån på $ 0.1350 och $ 0.1400.

I och med den här artikeln skrivs ADA-priset upp med 0,15% till sitt nuvarande pris på $ 0,142. För att rallya högre och återta den senaste $ 0.1688-svingen högt måste ADA rensa trendlinjemotståndet och $ 0.1500-nivån.

DeFi Aave project unlocks warranty with the launch of version 2

Users can now exchange assets while they are blocked as decentralised financial collateral.

The decentralised finance niche of crypto-currencies has exploded in 2020, paying users interest on blocked funds (collateral) in exchange for loans. The DeFi Aave protocol recently released its second version, V2, which adds more potential to the sector.

„At DeFi, assets that were used as collateral were tied up, but now with V2 they can be traded freely,“ Aave founder Stani Kulechov said in a blog post on Thursday. „Users can trade their deposited assets, in all currencies supported by the Aave Protocol, even when they are used as collateral.

Two different positions: DeFi meme currencies provoke debate over their intentions
Several DeFi fashion protocols and their related assets have gained popularity over the course of 2020. One project asset, YFI, even soared from under USD 1,000 to over USD 38,000 this summer. Much of the activity in the DeFi space revolves around blocking crypto assets as collateral on platforms, earning interest while receiving borrowed assets in return, which are then reallocated.

Allowing trading of blocked assets also adds methods for settlement protection, details the release. In addition, version two of Aave also promotes many other advances, including improvements in flash lending and the use of collateral to reconcile loans, essentially removing steps and transactions from the equation. Previously, a borrower with no external capital needed several cycles of withdrawal, swapping and partial extinction of the debt to close out its position.

DeFi Lab invites to a workshop on MakerDAO and Aave
Other updates in V2 include flash settlements, batch flash loans, debt tokenisation, native credit delegation, gas optimisation and debt rate changes. As Aave moves into its second version, the team has built in parameters that allow users to maintain loans during the move.

„Recently, AIP-3 was approved to make the migration from V1 to V2 more fluid,“ details Aave’s publication. „By using a migration tool powered by Flash Loan, users will be able to make the transition without having to close their V1 loan positions,“ the article adds. „This migration tool will be introduced later, so if you have V1 positions, there is no need to close them.

Aave transfers governance to its token holders
As if these updates were not enough, the protocol also added other protective measures for the general operation. „V2 also introduces a reserve factor to fund the long-term sustainability of the DAO,“ the publication mentions.

DeFi is moving incredibly fast, as seen by the number of rapid developments, coupled with the river of money that has quickly joined the sector.

Bitcoin ponownie testuje 16 000 $: podwójny szczyt czy nowy wysoki wkrótce? (Zegarek rynku)

Bitcoin zebrał 16000 USD po raz pierwszy od stycznia 2018 r., A Ethereum odnotował najwyższą cenę od ponad dwóch miesięcy, wynoszącą 475 USD. Czy to formacja podwójna, czy też czeka nas nowe wzloty?

Po przebiciu poprzedniego rocznego maksimum i krótkotrwałym wzroście do 16 000 USD, BTC nieznacznie cofnął się i znajduje się poniżej tego poziomu.

Jednocześnie Ethereum osiągnął nowy szczyt od początku września, podczas gdy imponujące tygodniowe wyniki Chainlink doprowadziły aktywa na 5. miejsce pod względem kapitalizacji rynkowej.

Bitcoin widzi nowy wysoki od YTD, ale się cofa

BTC ostatnio radziło sobie dość zdecydowanie. Aktywa podskoczyły do ​​rekordowego poziomu w piątek zaledwie 16 000 USD. Chociaż od tego czasu doszło do powrotu, a nawet w pewnym momencie osiągnął 14 300 USD, kryptowaluta przede wszystkim utrzymała cenę na północ od 15 000 USD.

Imponujące wyniki trwały wczoraj. Bitcoin zainicjował skok w górę, zaczynając od 15500 USD, co zaowocowało pomyślnym wykorzystaniem 16000 USD. Oznaczało to nowy najwyższy punkt cenowy od stycznia 2018 r., A BTC oddalił się zaledwie o 25% od ATH od grudnia 2017 r.

Jednak wzrost wydawał się krótkotrwały, ponieważ aktywa szybko spadły i ponownie przetestowały 15,500 USD. Niemniej jednak byki przechwyciły spadek i ponownie doprowadziły BTC do poziomu 16 000 $. Kolejne odrzucenie zmniejszyło wartość BTC do obecnego poziomu – na północ od 15800 $.

Te aspekty techniczne sugerują, że jeśli Bitcoin pokonuje pierwszy opór na $ 16.000, to może zmierzyć się z następnymi w $ 16170 i $ 16250. Alternatywnie, BTC może polegać na 15 600 USD, 15 200 USD i 15 000 USD, jeśli nadejdzie kolejne zniesienie.

ETH do szczytu od dwóch miesięcy, Chainlink ponownie w pierwszej 5

Większość alternatywnych monet podążała za wzrostem Bitcoina. Ethereum zyskał około 15 $ w kilka minut z 460 $ do 475 $, co przełożyło się na najwyższy poziom cen ETH od 2 września. W tym czasie druga co do wielkości kryptowaluta osiągnęła poziom 485 USD. Ethereum nieznacznie spadł i oscyluje wokół 465 USD.

Wartość Ripple również wzrosła, ale została odrzucona na poziomie 0,26 USD. W skali 24-godzinnej XRP wzrósł o około 1%. Binance Coin (-0,5%), Cardano (-0,2%) i Litecoin (-0,5%) nieznacznie straciły na wartości.

Chociaż Chainlink (-1,6%) stracił najwięcej na wartości od wczoraj, LINK był na dobrej drodze w zeszłym tygodniu. Wartość aktywów wzrosła o ponad 20%, co pomogło odzyskać pierwsze 5 miejsce.

Yearn Finance’s New Safe Aims to Replenish Lost Cash

Yearn’s new safe locks CRV tokens for four years.

Yearn Finance’s liquidity has fallen 63% in the past two months.

The promise of long-term returns can help replenish collateral

Yearn Finance’s latest liquidity farming pool was launched as the DeFi protocol restructures and adds new incentives.

The total value locked in across the DeFi ecosystem is now an all-time high of $ 12.65 billion, but not all protocols benefit from the collateral flow.

Yearn Finance, for example, has lost 63% of its cryptocurrency collateral, which fell from $ 967 million in early September to $ 354 million today according to DeFi Pulse.

Popular safes such as Bitcoin Legacy have proven to be unsustainable, with yields falling from 90% to less than 1%, leading to a cash drain. Today, this vault has been closed to the deposits and only brings in a paltry 1.3%.

Many wishing to opt out will likely have found themselves out of their fund considering the current transaction fees combined with the 0.3% withdrawal fee.

The DeFi protocol has restructured some of its safes, its latest offering being a so-called “backscratcher” safe, yveCRV.

André Cronje:

Great information about the new yveCRV safe https://yearn.finance. This is a new kind of meta-vault, this type of vault symbiosis was the ultimate goal of the aspiration, so seeing one come online is really exciting.

– yveCRV gains higher costs than the basic veCRV

Other things being equal:

This “backscratcher” safe is really neat. A more positive sum approach compared to parasitic farms compared to each other. At this rate, it would only take more than 2 years (note: apy varies) to recover income from the CRV deposit, but if you use other yearn’s products it will benefit them as well.

Yearn Finance presents its new safe

A cryptocurrency analyst using Twitter handle Ceteris Paribus (@ ceterispar1bus) delved into the new vault, claiming it was a more positive sum approach than farms, being parasitic to each other. other.

The idea is to establish a safe with restricted withdrawals or locks – in this case, for a period of four years. Depositors would earn returns on both the four-year veCRV lockdown return, in addition to a small percentage of any increases to the stablecoin and Bitcoin Curve vaults .

The protocol explained why one had to take advantage of Curve and increase the locked-in liquidity in order to provide these better returns;

Optimal use of Curve remains the key return strategy for many pools today. Yearn needs a huge and growing pool of locked vCRVs to support high returns on multiple vaults as stablecoin and bitcoin deposits increase.

veCRV is the abbreviation for Voting Escrow CRV and is a token used for governance proposals and pool settings in the Curve Finance DAO. CRV token holders receive veCRV tokens by locking their CRV tokens, and Yearn Finance is now providing the new pool offering additional rewards for long-term locking.

Yearn’s other three CRV chests will also benefit from an increase in performance thanks to the “backscratcher” chest – hence the nickname meaning “back scratcher” in English.

Stanley Druckenmiller: another billionaire who has bitcoin

Bitcoin Coming Out Continues – Big investors in traditional finance are no longer hiding their love for Bitcoin Era. After Paul Tudor Jones a few months ago and Bill Miller just a few days ago, today it is Stanley Druckenmiller who admits to betting on the king of cryptos.

Bitcoin, a great store of value?

American billionaire Stanley Druckenmiller is a long-time manager of hedge funds (the famous h edge funds ). He was notably the founder and chairman of Duquesne Capital , a fund that has held up to $ 12 billion in assets under management.

In an interview with CNBC on November 9, Druckenmiller explains that he has gradually completely changed his point of view on Bitcoin (BTC). Indeed, the billionaire realized that:

“Bitcoins could be an asset class that has great appeal as a store of value (…). It has been around for 13 years (sic, 12 years in fact since its white paper) and, with each passing day, it stabilizes more and more as a well-known and recognized brand. “

However, in December 2017 , the fund manager was not kind to Bitcoin, also during an interview with CNBC. He claimed to have „no“ BTC at that time, because the invention of Satoshi Nakamoto did not represent for him a valid medium of exchange , because of its too great volatility .

Gold and Bitcoin are the cure for fiats hyperinflation

A hell of a change in the jacket has taken place since then, since Stanley Druckenmiller says today that:

“I own a lot, a lot more gold than I own bitcoin. But frankly, if the gold bet turns out to be successful, the bitcoin bet will probably work even better, because its market is smaller and less liquid (…). “

If they are betting on safe havens , it is also because the billionaire is short (seller) of fiat currencies , in particular the US dollar .

In summary, not only does Stanley Druckenmiller see Bitcoin as a very good store of value, the billionaire even believes that he will outperform gold. Indeed, the market of the king of cryptos being smaller than that of the precious metal, a possible hyperinflation of fiats currencies would cause an explosion of the price of BTC, higher than the rise of gold.

A MicroStrategy agora possui meio bilhão de bitcoins

As participações em Bitcoin da empresa de inteligência de negócios aumentaram em valor em 21% – em pouco menos de 3 meses.

As participações em Bitcoin da MicroStrategy aumentam acima de $ 500 milhões. Imagem: Shutterstock
Em resumo

A MicroStrategy investiu $ 425 milhões em Bitcoin durante agosto e setembro deste ano.
As participações em Bitcoin da empresa agora valem US $ 517 milhões.
Michael Saylor, CEO da MicroStrategy, se tornou um dos maiores defensores do Bitcoin nos últimos meses.

A empresa de inteligência de negócios MicroStrategy agora possui mais de meio bilhão de dólares em Bitcoin, tendo visto um aumento no preço do Bitcoin nos últimos meses.

Depois de investir um total de $ 425 milhões em Bitcoin em agosto e setembro, as participações em Bitcoin da empresa agora valem $ 517 milhões – um aumento de 21%.
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O CEO da MicroStrategy, Michael Saylor, está incrivelmente otimista com o Bitcoin atualmente, descrevendo a famosa criptomoeda como „ouro digital“.

A perspectiva de Saylor, no entanto, nem sempre foi tão otimista.
Como a MicroStrategy chegou ao Bitcoin?

Em 2013, Saylor twittou que os dias do Bitcoin estavam contados e que „parece que é apenas uma questão de tempo antes que ele sofra o mesmo destino dos jogos de azar online.“

Em 2020, a jornada do Bitcoin da empresa começou com um investimento de $ 183 milhões na criptomoeda em 11 de agosto. Pouco mais de um mês depois, a MicroStrategy anunciou um investimento adicional de $ 183 milhões em Bitcoin, elevando o total de Bitcoin da empresa para 38.250 no total preço de compra de $ 425 milhões.
MicroStrategy

As participações em Bitcoin da MicroStrategy aumentaram 21% em 3 meses.

O preço do Bitcoin aumentou mais de 15 vezes desde que o tweet foi publicado e, ao longo do caminho, Saylor e MicroStrategy decidiram acompanhá-lo.

Em última análise, o retorno pode ser atribuído ao valor percebido de longo prazo do Bitcoin. No conhecido podcast de Anthony Pompliano, Saylor descreveu o Bitcoin como uma proteção definitiva contra a inflação mil vezes melhor do que o ouro.

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No entanto, há mais na posição do Bitcoin da MicroStrategy do que uma aposta no valor de longo prazo.

Quando a empresa anunciou seu investimento inicial de $ 250 milhões em Bitcoin, Saylor disse que a „aceitação global, reconhecimento da marca, vitalidade do ecossistema, domínio da rede, resiliência arquitetônica, utilidade técnica e ethos da comunidade“ do Bitcoin atuou como evidência persuasiva para a promessa do ativo.

Saylor acompanhou esse investimento assumindo a responsabilidade de se tornar um grande touro Bitcoin, aproveitando todas as oportunidades de podcast para elogiar a criptomoeda. Não apenas isso, ele também declarou recentemente quanto Bitcoin ele possui pessoalmente.

“Eu pessoalmente #hodl 17.732 BTC que comprei por $ 9.882 cada, em média”, disse Saylor em um tweet. Isso equivale a aproximadamente US $ 240 milhões hoje.

CEO da MicroStrategy revela quanto bitcoin ele possui

Além disso, a empresa de inteligência de negócios, que se orgulhava de antecipar as tendências econômicas globais por décadas, antecipou que o Bitcoin participaria de „The Virtual Wave“, um período de rápido crescimento em produtos, serviços e processos desmaterializados, catalisado pelo COVID-19 pandemia.

Depois que a MicroStrategy fez seus investimentos, a Square acumulou um investimento próprio de $ 50 milhões. Em 8 de outubro de 2020, a Square investiu $ 50 milhões em Bitcoin, comprando 4.709 Bitcoin, agora valendo aproximadamente $ 63 milhões – um lucro de 27% para a empresa.

“O apoio que vem da Square para construir Bitcoin e promover – na verdade, colocar Bitcoin no balanço patrimonial foi um grande negócio”, disse Saylor durante uma teleconferência discutindo os ganhos financeiros do terceiro trimestre da MicroStrategy.

À medida que a riqueza de Bitcoins da MicroStrategy cresce, também aumenta a fortuna da Noruega.

HSBC: Blockchain Discovery for Oil Business in Bangladesh

HSBC Bangladesh has completed the country’s first blockchain-based LC (Letter of Credit) transaction on the Contour DLT platform.

The spread of the blockchain in the logistics industry is making further progress

The Bangladeshi branchof global banking firm Bitcoin Machine has completed the country’s first blockchain-based Letter of Credit (LC ) transaction on the Contour DLT platform. The transaction served to process the import of 20,000 tons of heating oil. It comes from United Mymensingh Power, a subsidiary of the United Group in Singapore. Media reportsAccording to the use of blockchain, the processing time for the letter of credit has been reduced from the usual five to ten days to less than 24 hours.

LC deals are a common practice in international export. The buyer’s or importer’s bank does not make payment until the exporter presents certain papers. Due to the sometimes large volume of these documents, the process is usually very time-consuming and labor-intensive. In the first half of 2020, Bangladesh’s trade in LCs totaled according to SWIFT, a global provider of secure financial news services, to more than $ 34 billion.

HSBC wants to usher in a new era with blockchain

HSBC Bangaladesh head Md Mahbub ur Rahman described the transaction as an expression of the bank’s commitment to „support cross-border trade using state-of-the-art technology platforms“.

I believe this will usher in a new era of international trade processing as companies and governments recognize transparency, security and speed in performing tasks using blockchain technology.

Md Mahbub ur Rahman, CEO HSBC Bangaladesh

Moinuddin Hasan Rashid, Managing Director of the United Group, pointed out the very sensitive time window for fuel oil LCs, where every second often counts. The United Group is convinced that blockchain technology will help manage the tight time budget efficiently. The bottom line is that this would also ensure better cost management, said Rashid. The transaction was completed using the Contour platform. This is built using R3’s Corda blockchain technology . It connects a global network of banks and companies.

Contour is owned by eight financial institutions. In addition to HSBC, these include ING, Citi, Bangkok Bank, BNP Paribas, Standard Chartered, SEB and CTBC. The development of the platform, which was initially called „Voltron“, began in mid-2017. The following year it was released as a closed beta version. Contour recently completed the official beta phase.