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A number of traditional British giants landing block chain digital encryption currency and ushering in rapid development

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A number of traditional British giants landing block chain digital encryption currency and ushering in rapid development

August 13
03:30 2019

Recently, the British government has made unprecedented progress in the development and application of block chains. And many aspects of the application scenario has a substantive application landing.

DigiMarket learned from foreign media reports on Aug. 2 that US Patent and Trademark Office (USPTO) patent documents show that retail giant Walmart is exploring a digital currency linked to the conventional currency (regular currency), similar to the Facebook digital currency Libra, which means they may issue a stable currency linked to the legal tender.

Not only did Standard Chartered, a bank and financial services firm in London, completed the first joint supply chain financing deal based on the blockchain in the first half of the year. Another insurance company has adopted Amazon to launch its first blockchain system for bulk pension transactions.

Speaking at the Global Summit on Innovation Finance, Mark Carney (Mark Carney), governor of the Bank of England’s (Bank of England), said he would focus on encouraging innovation among financial technology startups, according to Investinblockchain. To change the central bank, prepare for the upcoming fourth Industrial Revolution, and emphasize the development of an emerging digital economy, many developing countries are preparing for blockchain technology and decentralized systems.

The head of the YB Foundation said the British government gave the block chain good conditions for the development of the block chain. At present, the YB Foundation and a number of institutions jointly launched DomarToken (DMR) mainly for asset chain transactions, anonymous payments and asset delivery. And YB Fund in the future ecological layout has reached a strategic consensus with a number of industries, involving film and television shooting, hotel chain, new retail, anonymous social and so on. At present, it has reached strategic deployment and node plan with the world’s top blockchain trading institutions.

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