The Italian company of authors and publishers (SIAE) has announced that it will develop a blockchain system for copyright – copyright management. The project will be developed in partnership with the new platform created by Algorand.
SIAE has already started developing the project with the help of “La Sapienza” University of Rome and the consulting company Blockchain Core. The organization decided to focus on the Algorand platform, due to its high performance design.
Algorand uses a pure Poof (Proof-of-Stake) protocol that guarantees decentralization, scalability and security. It is well suited for handling metadata and transactions required in copyright management. Both Algorand and SIAE are confident that blockchain technology will become essential for the copyright industry in the near future.
The US SEC Commission has requested that Telegram provide the documents related to the sale of GRAM tokens. The regulatory authority also wants the former Telegram’s senior advisor to testify in the lawsuit against the company.
The SEC has asked the High Court of England and Wales to obtain the testimony and documents from John Hyman, who lives in the United Kingdom.
Apparently, he used some tactics to sell tokens to avoid legal problems. For example, in an email, Hyman said the Telegram
“Decided for regulatory reasons that we will never make any form of direct public offer … the public will be able to buy GRAM tokens once the network is up and running … not from Telegram directly.”
The SEC blocked the GRAM token distribution of the project that managed to raise $ 1.7 billion in 2018. The authority accused Telegram of selling unregistered securities, a fact denied by the blockchain project.
Bank of China issues blockchain bonds
The Bank of China, one of the four major commercial banks in China, has issued bonds worth 20 billion yuan ($ 2.8 billion) on the blockchain.
The bank announced on Friday that it has finalized the price and issue of bonds for small and medium-sized enterprises.
“We used our own blockchain-based bond issuance system,” the bank said in a statement. “This is also the first blockchain-based bond issuance system in China.”
The technology has been used to issue digital certificates that prove ownership, form subscriber groups, and store transaction documents.
Bond issuance is part of the country’s effort to support entrepreneurs with more efficient access to capital.
Weiss Ratings drops EOS rating again due to centralization
Weiss Ratings Company a low evaluation of EOS from B to C-, despite favorable estimates from the past.
The main reason was the influence of the owners of large quantities of tokens, who can decide how to distribute the network resources. The evaluation company also presented some of the reasons that caused it to decline the project evaluation.
The EOS blockchain is gaining speed because it has only 21 blockchain manufacturers, which transmit transaction information between them. Concentrating resources at just a few points means that the “whales” might decide on the allocation of activities.
The EOS Constitution also has special cases for blocking accounts. This feature was useful during hacking, but it means transactions can be centrally censored.
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