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Spanish Bank Generates 150 Billion $ Debt Using Porsche Holding Blockchain With BBVA

İspanya Hükümetinin Porsche'a olan borcu

Banco Bilbao Vizcaya Argentaria (BBVA), the second largest bank in Spain, generated $ 150 billion in debts with Europe's largest vehicle distributor, Porsche Holding, using blockchain technology.

With this transaction, BBVA appears to be a blockchain-based debt transaction with a non-Spanish buyer. BBVA previously, including a $ 150 million debt between the state-owned Spanish national electric network operator Red Eléctrica de España (REE) and a bilateral long-term € 100 million corporate loan with the Spanish engineering firm ACS A lot of Spanish corporate customers blockchain based debt He had created. According to the Finextra report, BBVA uses its previous blockchain in debt transactions as well as in its agreement with Porsche Holding. ”Private and public blockchain technology“ uses.

Debt

REE debt, dedicated Hyperledger-based network this original document, which defines the signed and signed contract, I Etherea (ETH) blockchain.

Frank Hoefnagels, head of the BBVA CIB in Germany, based on the debt of Porsche Holding. speed is very important During the financial transactions, the blockchain is an important relationship, saying:

. In our relations with our customers, we have put the blockchain technology into practice in a meaningful way. Our goal is to simplify the process and increase the processing speed to improve the experience of our customers. Ama

In April, BBVA said it would be the first global bank to issue all the debt using blockchain. Blockchain's lending activity continues to expand: this October, the UK-based Natwest bank announced that it will integrate with a new blockchain platform under R3 Corda technology.

Porsche's production arm Is the first car maker to successfully implement blockchain technology in the car “ To begin to test a blockchain app for their cars in February.

Source: Cointelegraph

Related Topics:blockchain news cryptocurrency heading porsche

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph