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Back to Square One
In our previous newsletters, we demonstrated that Bitcoin’s blockchain is one of many platforms that applies the technology. Each platform uses blockchain in different ways and with different purposes; therefore, the technology is in constant modification and development. In this edition, we indicate the article “Hyperledger vs Ethereum – Which Blockchain Platform Will Benefit Your Business?”, which discusses – in a didactic way and with simple charts –the differences between the Ethereum and Hyperledger blockchains.

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Block News
Rio Grande do Norte (state in the Northeast of Brazil) enacts a law that opens the possibility for the application of blockchain for digital signatures – By the Law nº 10.513 of May 2019, the State of Rio Grande do Norte started to accept that a signature registered in blockchain is valid for legal and administrative purposes. Although the law does not prescribe the use of blockchain, it establishes the possibility of use of digital certification and of any other type of system able to demonstrate the “signature singularity”, and opens the possibility of using the blockchain technology to authenticationof signatures. (CRIPTOFACIL; 06.10.2019)

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Febraban and CIP lauch the first Brazilian blockchain platform to connect financial institutions – During the event “CIab Febraban”, the Câmara Interbancária de Pagamentos (CPI) and the Federação Brasileira de Bancos (Febraban) announced the launch of the first Brazilian blockchain platform to connect financial institutions. Having as its first application the “Device ID”, which allows the sharing of information of users, the platform aims to provide more security to anti-fraud systems and identification systems. The system is already in place, it is integrated to the Brazilian payment system and involves nine banks. The use of the platform is free, but in the future a fee will be charged. (COINTELEGRAPH; 06.12.2019)

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Target, American retailer, reveals details about its project in blockchain – According to a post released by the company, it initiated a pilot test in blockchain in 2018 to certify their paper products along the production chain. The blockchain used in the project had its code recently opened on GitHub and was named “ConsenSource”. (COINTELEGRAPH; 06.10.2019)

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U.S. Securities and Exchange Commission (SEC) initiates judicial proceedings against Kik for security violations – The SEC announced on June 4 that it filed a suit against Canadian startup Kik for having performed an ICO worth 100 million dollars without prior registration, thus making it illegal, In the case, the SEC claims that the startup shall give back all the money raised plus fine and interest. Kik, in turn, is unconcerned with the attitude, stating that “this is the first time that we’re finally on a path to getting the clarity we so desperately need as an industry to be able to continue to innovate and build”. Although this is not the first SEC procedure against ICOs, it´s the first time that the agency will have to prove its allegations in court. (COINTELEGRAPH; 10.06.2019)

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Walmart adopts new initiatives in Blockchain, aiming the pharmaceutical industry – As reported in our newsletter of 10.01.2018, the Walmart INC. network has been intensifying the use of blockchain technology in its structure, being the latest news the “IBM Food Trust”. Still thinking about traceability, the latest novelty is the partnership between the network and the MediLedger, in order to monitor the source of pharmaceutical products. The pilot project is expected to be presented to Food and Drugs Administration – FDA in June. (FORBES, 06.03.2019)

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Vanguard already uses blockchain technology to manage 1.3 trillion dollars – Several financial institutions have tested and implemented secondary blockchain projects, but, since February, the Vanguard has used blockchain technology in its main activity. Despite the fact that the technology has not changed the essence of Vanguards work, it has facilitated the information sync between their database and its constant updates. Currently, using the blockchain platform of Symbiont, the company has uploaded information about 1.3 trillion dollars (a quarter of all assets that manages). (FORBES, 05.30.2019)

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Facebook announces the launch of the cryptoasset Libra – On 06.18.2019, Facebook announced their new cryptoasset “Libra”. According to The Block, the project attracted Visa, Mastercard, PayPal, Uber and several other companies. Each one of them will have to invest around 10 million dollars in the foundation that will coordinate the project, which will be called the Libra Association. In addition, The Verge advertised that Facebook has created a new subsidiary, the Calibra, which will provide a cryptowallet services and will be a facilitator of international payments on the Facebook network. The Vice President of Calibra, Kevin Weil, stated that the product will not share credit information of its users with the publicity sector of Facebook Network. (THE BLOCK, 06.13.2019; THE VERGE, 06.18.2019)

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Blockchain Desk Indica
As we know, the blockchain technology is directly related to cryptography, a subject not sufficiently explored in legislation around the world. In this edition, we indicate the opinions published by Encryption Working Group, that discuss how Governments of different regions of the world regulates the matter over the last five years. The study, prepared by local experts, analyzes the situation in Australia, in Brazil, in China, in the European Union, in Germany and in India.

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Blockchain Desk.