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Back to Square One
With the development of the blockchain technology, several networks were created, each of it with its own characteristics and we can sort the different networks from various references. In this issue, we bring the article “3 Popular Types Of Blockchains You Need To Know”, by Febin John James, which addresses, in a simple way, the differences between Permissionless and Permissioned Blockchain.

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Development banks of the BRICS have agreed to promote the use of blockchain technologyThe national banks for the economic and social development of each country member of the BRICS signed a memorandum of understanding to stimulate the use of blockchain technology. The Brazilian National Bank For Economic and Social Development (BNDES) said that the agreement is for the study of solutions to “increase transparency and traceability of resources in sectors such as infrastructure”. (EXAME; 08.22.2018)

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Virtual Commodity Association (VCA): the future self-regulatory organization of cryptoassetsIn order to develop better practices and promote transparency, in addition to collaborate with the public sector for the regulation of the industry, American cryptoassets exchanges formed an organization to self-regulate the cryptoassets industry. The inaugural meeting of the Organization will be held in September and will serve the purpose of announcing details on the implementation and the standards to be followed by the North American industry. (BUSINESS INSIDER; 08.22.2018)

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Coinbase announces the acquisition of Distributed System for developing identity platform in the crypto worldInspired on Facebook – which allows access to different apps through Facebook login, the famous “login with Facebook” -, Coinbase wants to launch a “digital identity” that facilitates the access to crypto wallets. Distributed Systems was already developing the tool “Clear Protocol” for digital identification in decentralized apps (dApps). (TECHCRUNCH; 08.15.2018)

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American investors will be able to invest in Bitcoin´s ETNsAn Exchange-traded Note (ETN) (not to be confused with ETFs, which are still depending on the approval of the SEC) is an “instrument that is backed by its issuer”, often a financial institution, that agrees to pay to its holder the variation of an index, a commodity or another parameter after a stipulated period of time. The ETN of Bitcoin is named Bitcoin Tracker One and is negotiated since 2015 on Nasdaq Stockholm (Sweden). This month, it started to be quoted in U.S. dollars under the CXBTF code, enabling its trading in the US. (BLOOMBERG; 08.15.2018)

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The U.S. Government is testing the use of blockchain for the tracing of products – The U.S. Customs and Border Protection (CBP) plans to use, starting next September, the blockchain technology for certifying the origin of products imported under the North American Free Trade Agreement (NAFTA) and the Central American Free Trade Agreement (CAFTA). The system aims to verify information on imported products and check if all the requirements were fulfilled by foreign suppliers. It may be used for authentication of trademarks and other features that will help make the public service more efficient and expeditious. (COINDESK; 08.17.2018)

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Blockchain Desk Recommends
During the first half of this year, Deloitte interviewed various executives around the world to analyze how blockchain technology is being used and what are the prospects of this market. In this issue, we recommend the reading of the final report of the survey, called “Breaking Blockchain Over”.

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Blockchain Desk.