Boston Fed Announces Plans To Design a Blockchain ‘Supervisory Node’
The Federal Reserve of Boston is starting a new blockchain experiment this summer.
The Massachusetts state regulator has been one of the earliest and most involved government bodies to dip their toe into the new technology. It has been quietly developing blockchain systems since 2016 but has said very little about their plans.
Now the first results of those trials are out and the Boston Fed published a white paper on its proof-of-concepts on ethereum and Hyperledger Fabric. Now it’s getting ready for the next stage, Boston Fed’s vice president of IT Paul Brassil told CoinDesk.
The team is going to look into possible opportunities to set up a “supervisory node,” a regulatory surveillance tool that should be able to connect to various banking blockchains in the future. This node will watch the money flows and settlements between different banks, Boston Fed’s senior vice president Jim Cunha said.
Canaccord Analysts Predict Bitcoin Price Return to $20K In 2021
Analysts at Canaccord Genuity expect to see a little bit of history repeating.
In a research note sent to the investment bank’s clients Thursday, analyst Michael Graham and associates Matthew Volpe and Alexander Frankiewicz predicted a return to bitcoin’s stratospheric late-2017 high over the next 24 months.
William Shatner Joins Effort to Fight Collectibles Fraud With Blockchain ‘Passports’
Actor William Shatner is boldly going back into the crypto world.
Announced Thursday, Shatner is partnering with Mattereum, a legaltech firm headed by former ethereum launch coordinator Vinay Gupta, to highlight its Asset Passport technology, which uses “legally-binding” smart contracts to record the authenticity of collectible items.
Shatner aka Captain Kirk said that he is collaborating with the startup to “establish an authentication system” that provides data on where an item has been, who has owned it, and if it is genuine.
“It can mean the difference between a priceless, future heirloom and worthless fake,” Shatner said.
The initiative will create “digital twins” of science fiction and other collectible memorabilia. The first item that has gone live on Mattereum’s system is “Capt. James Kirk in Casual Attire,” autographed by Shatner. The digital clone will rest in an immutable ledger and “will assure collectors that the item is from Mr Shatner’s personal collection,” the firm said.