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Back to Square One
Blockchain technology gains market space every day. Several technology companies that already offered their products in the SaaS (software as a service) model, began to commercialize the BaaS (blockchain as a service). In this edition, we bring the article “The Rise and Rise of Blockchain as a Service”, by Aran Davies, which explains the trend and lists some companies that already offer the BaaS to the market.
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Brazilian biotechnology company initiates project for DNA mapping of Brazilians – On 04.25.2019, during StarSe’s HealthTech Conference, the biotechnology company Portunus announced the “Cores do Brasil” Project, which will map the DNA of the Brazilian citizens. According to Portunus, the objective is to identify, genetically, the ancestry and miscigenation of the country, tracing a genetic map of the citizens. The data collected in the project will be stored in the GenoBank blockchain, which is specialized in DNA. The chosen blockchain has the premise that the participants are the owners of their own data, and can even monetize them. (STARSE; 04.29.2019)
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Chinese Internet Court employs artificial intelligence and blockchain to render decisions – At the 2019 Forum on China Intellectual Property Protection, Zhang Wen, the president of the Beijing Internet Court, stated that it employs artificial intelligence and blockchain to render decisions. Zhang also stated that “of the 41 cases concluded [with blockchain technology] until now, in 40 (with evidence recorded in blockchain), the parties preferred to make extrajudicial agreements to litigate.” The Court’s position is in line with the decision rendered in September last year by the Chinese Supreme Court, which judged valid proofs verified or recorded in blockchain. (COINTELEGRAPH; 04.25.2019)
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Hackers attack Microsoft software for the purpose of stealing cryptoassets – In the beginning of April, Motherboard reported that an attack to the Outlook, from Microsoft, allowed hackers to access the content of its users’ emails. According to Motherboard, the victims believe that the attack aimed to empty their wallets of cryptoassets by the following method: with access to e-mails, the hackers were able to check in which accounts they held cryptoassets (analyzing the confirmation e-mails from exchanges), access these accounts, request new password before the exchange and see the email with the link to generate a new password, getting access to the wallets by changing the users password. Interesting to note that there was no security breach in the Blockchain technology itself, but rather the discovery of a way to obtain the wallets passwords through the weaknesses of other softwares. (MOTHERBOARD, 04.29.2019)
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Lightning Labs launches a desktop application for the Bitcoin platform – As reported in the newsletter of 02.27.2019 , the Lightning Network, from Lightning Labs, is the stake to solve the scalability limitation of the Bitcoin blockchain. In April, the company launched the desktop application which is integrated into Bitcoin blockchain. In April, the company launched the desktop application which is integrated into Bitcoin blockchain. The application works on MacOS, Windows, and Linux. According to Coindesk, the Lightning Labs is preparing to launch the application version for smartphones in the future. (COINDESK; 04.23.2019)
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Washington State recognizes records made in blockchain as evidence valid and feasible for Court – The State of Washington approved on 04.26.2019 the Law no. 5638/2019, that recognizes and protects the legal status of electronic records made in distributed records, as the blockchain network. The law will enter into force at the end of July of this year. The new law also defines the terms “blockchain” and “distributed record”. (COINTELEGRAPH; 05.02.2019)
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Carrefour launches the use of blockchain for tracking food in Brazil – The Carrefour supermarket launched its first line of products with the use of blockchain in the State of São Paulo, in partnership with Safe Trace. The technology aims to track, initially, the Suíno Sabor & Qualidade food line. Therefore, consumers will be able to access detailed information about the steps of production and distribution of foods, such as batch number, livestock farming, animal nutrition and among other information. (ÉPOCA NEGÓCIOS; 04.23.2019)
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Blockchain Desk Indica
On May 07th, the Normative Ruling RFB No. 1888/2019 (NR) , issued by the Brazilian Federal Revenue, which creates the obligation to provide information concerning transactions involving cryptoassets. The Normative Ruling statement is a result of the previous Public Consultation RFB nº 06/18 , finished in 11.19.2018. The NR final text brings several changes with respect to what was submitted on the Public Consultation. Both crypto exchanges and individuals or legal entities are obliged to provide information, and the first set of data shall be delivered in September 2019, relating to operations carried out in August 2019. Finally, the rule sets forth penalties for failure, delay or inaccuracy in information provision. There are some sensitive points that certainly will be an object of future discussions, especially regarding your legality and its effects on the development of the crypto economy in Brazil. In order to assist the analysis of the Normative Ruling, we prepared a comparison between the writing of the draft published on the public consultation and the final version. To access, click here.
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