Tokens go corporate

Banks Are Trying to Launch Crypto Assets with R3 Tech

CoinDesk Daily is sponsored by  June 26, 2018 "Own only what you can always carry with you: know languages, know countries, know people. Let your memory be your travel bag." – Aleksandr Solzhenitsyn Got this from a friend? SUBSCRIBE HERE THE FEATURE Banks Are Trying to Launch Crypto Assets with R3 Tech It may have seemed unthinkable four years ago, but crypto tokens might be coming to R3's Corda. Revealed exclusively to CoinDesk, Cordite, an open-source community that's independent from R3, but building solely on the code it pioneered, is about to come out of stealth mode. Cordite promises to do for enterprise blockchains what the ERC-20 standard did for ethereum: allow the creation of different tokens representing various kinds of assets on the same network. The difference is that Cordite is designed specifically for use by the banking industry. Indeed, the main contributor and community leader of the project is one of the world's 30 largest financial institutions, the Royal Bank of Scotland (RBS). Nevertheless, there's a certain irony here. Founded in 2014, R3 was designed to be the regulation-friendly shared-ledger provider, one that drew a contrast to cryptocurrency chains and their "anarchic" approach to governance. Now, with this new project, it will technically become possible to run an ICO on R3's flagship Corda software, albeit unlikely. Read more Tweet Share ⭐ CoinDesk Weekly Sponsor ⭐   Your Data. Your Life In the current system, your personal data is sourced, held, used and swapped by third-party providers. The Pillar Project is an ambitious project to return ownership of personal data to you. We do this through decentralized blockchain technology, starting with a token wallet. 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China's Crypto Ratings Index Puts EOS in Top Slot, Drops Bitcoin China's Global Public Chain Assessment Index has released its second monthly evaluation of blockchain networks – with perhaps surprising results. Tezos, A Launch Story: What's Left Before the $232 Million Tech Goes Live? Tezos announced its handing the blockchain over to the community after launch. And that's not the only way the project is similar to EOS. Crypto Exchange Huobi Poaches App Exec to Lead New US Branch A senior executive from the provider of China's top photo-retouching app will now lead HBUS – the U.S. arm of crypto exchange Huobi. AlipayHK Opens Blockchain Remittance Corridor to the Philippines The payment affiliate of China's e-commerce giant Alibaba has launched a blockchain-based remittance service between Hong Kong and the Philippines. Bitcoin's Defense of $6K Raises Odds of Relief Rally Bitcoin could trade on a positive note for the rest of the week, if prices close today above Sunday's high of $6,250. Bitcoin Miner BTCC to Sell Stake in Pool for $17 Million BTCC's mining pool has provisionally agreed to sell a large portion of its equity to a Hong Kong-based financial service firm for $17 million. How Commerzbank Is Throwing Out the Business Blockchain Playbook The German bank is building on five different blockchains, and not just to hedge its bets – it sees a multi-chain future. Go to CoinDesk We're taking Consensus on the road      Join us on September 18-20 at the Marina Bay Sands in Singapore for the first international Consensus event.  We're excited to join TechXLR8 Asia and their multiple events, including IoT World Asia, 5G Asia, the AI Summit and more.  Get your ticket to Consensus: Singapore or the full TechXLR8 experience and join us in September. Register now.  BTC: $6,208.91    -0.62%  ETH: $451.04    -2.12% 8:49 AM EST - More price details 👋 JOBS IN BLOCKCHAIN 👋 Thinking of joining the blockchain sector? Already here, but looking for a change? Check out CoinDesk's careers board for opportunities in companies of all sizes, covering a range of areas and expertise.  Copyright © 2018 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list