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With the gradual growth and popularization of blockchain technology, variations of this type of platform have emerged. In this issue, we recommend the text “Types of blockchain in the Market: which one is better”, published by the Blockchain Council, which presents, in a simple way, different types of blockchain and how it works.

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Block News

Nestlé partners with Carrefour to track its infant milk production process using blockchain – Nestlé, in partnership with the French supermarket chain Carrefour, is using the IBM Food Trust solution developed using Hyperledger Fabric, to obtain and deliver greater transparency in their supply chain of the Guigoz Bio 2 and 3 lines in 5,600 units of the supermarket in France. Consumers will have access to nutritional and other information regarding infant milk lines through a QR code that can be scanned through their smartphones. (DECRYPT, 11.15.2019)

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Red Cross representatives in Norway, Denmark, and Kenya launch program for use of cryptoassets in African countries that are exposed to natural disasters – In late November, Red Cross representatives from Norway, Denmark and, Kenya launched a two-year project for use of cryptoassets in communities prone to disasters. The initiative aims to facilitate business transactions and stimulate economic activity in these regions. (FORBES, 11.28.2019.)

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Hahn Air airline issued the first blockchain-validated airline tickets – On November 18th, 2019, Hahn Air transported the first passengers with blockchain-validated tickets. The validation and issuance of the tickets were made by the Widing Tree platform, which allowed Hahn Air to inventory, manage reservation requests and receive payments once the booking process was completed. According to the airline, the company will analyze the details of this first experiment for the commercialization of future blockchain-based tickets. (REUTERS, 11.18.2019.)

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HSBC plans to register $20 billion worth of assets in a blockchain-based custody platform – According to Reuters, HSBC intends to register securities acquired in private markets on the Digital Vault platform. The bank will digitize paper records of private funding to reduce the time investors spend looking for and verifying asset information. The blockchain-based platform will give investors real-time access to securities registrations. (REUTERS, 11.27.2019.)

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Self-proclaimed “queen crypto” is still missing after 2 years since the launch of OneCoin – Businesswoman Ruja Ignatova announced at the London Wembley Stadium in June 2016 the launch of “OneCoin”, a cryptoasset that she stated would eventually become the largest in the world, rivaling Bitcoin. The campaign convinced thousands of investors from around the world, who gambled on the promised return they would get from their applications. However, there was no blockchain platform for storing OneCoin data, but an SQL server. In October 2017, after spending the fortune gained on the project, Ruja disappeared. Although there is some speculation about her whereabouts, she is still unknown. (G1; 11.26.2019)

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The economic block BRICS looks into the possibility of developing its digital asset – During the last meeting held in Brazil, BRICS members discussed the creation of a new unified payment system to facilitate transactions between the member countries of the organization to facilitate transactions between the member countries of the organization

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Banco do Brasil closes bank accounts of Mercado Bitcoin with authorization from São Paulo State Court of Justice – The 22nd Private Law Chamber of the São Paulo State Court of Justice authorized Banco do Brasil to close bank accounts held by Mercado Bitcoin, one of the largest exchanges in Brazil. Even though the contract was unilaterally terminated by the bank, the majority understanding in the Courtwas that, as the exchange was advised of the bank’s decision 30 days in advance, there was no abuse of rights, breach of competition law or bad faith. According to the rapporteur, Judge Hélio Nogueira, there would only be an infringement if Mercado Bitcoin were prevented by Banco do Brasil from opening its own financial institution or opening accounts with other banks to operate in the same market. For more cases related to the closing of bank accounts of exchanges in Brazil, check out our 2018 retrospective edition. (CONJUR, 11.28.2019.)

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Chinese soldiers may receive crypto rewards – The PLA Daily, the People’s Liberation Army’s official newspaper, stated in an article that the Chinese army would drive innovation by implementing blockchain technology. With the new system, a reward mechanism would be created whereby soldiers would receive tokens as a reward, considering criteria such as training, special skills, and task completion. The article listed other possibilities for leveraging the new platform, such as storing military secrets using blockchain technology so that they could be distributed but not copied. (SOUTH CHINA MORNING POST; 11.13.2019)

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Blockchain Desk Recommends

Blockchain technology has as one of its main features the fact that it is highly disruptive, able to promote the breaking of traditional patterns and models in various sectors of society. In this issue, we point out the study “Banking on blockchain: how the technology will help curb fraud“, written by Udai Kumar Mopuru, which demonstrates the impact of technology on the financial sector and how it can be used to prevent and combat fraud in this sector.

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Blockchain Desk.