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Block.one is partnering with the LACChain Global Alliance, an enterprise blockchain consortium building a public permissioned network targeting Latin America and the Caribbean.
Backed by the Inter-American Development Bank (IDB), LACChain seeks to maximize the social impact potential blockchain can offer. Meanwhile, Block.one is known as the initiator of the EOS public blockchain and the EOS technology will now be added to LACChain network. To date, the blockchain network used Ethereum-based Hyperledger Besu. So far, there are 40 partners in the alliance and major corporates such as NTT Data’s Everis, IDB and Grupo Sabra operated the nodes on the network.
In Europe, Switzerland, Estonia, Malta and Cyprus have the most advanced and mature blockchain ecosystems with well-developed startup scenes and high levels of regulatory maturity, a paper by the EU Blockchain Observatory and Forum says.
More specifically, the European Commission (EC) blockchain think tank places Switzerland at the epicenter of blockchain activity, not only in Europe, but globally, noting the country’s massive blockchain industry of 800 dedicated blockchain providers, among which eight unicorns, an active venture capital (VC) ecosystem, and supportive regulators that have formulated favorable rules for the sector to thrive.
Switzerland moved early to clarifying the legal situation of crypto-assets, the paper notes, with the earliest report by the federal government published in 2018 that analyzed the applicability of existing legal framework on blockchain. Since then, specific guidance and initiatives have been announced, and this year, the so-called DLT (dis
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The following is a contributed article from a content partner of Benzinga
Digital identity is already a reality in many countries like Estonia, where 98% of the population has their own e-ID card, enabled by near-universal internet connectivity and virtual signature schemes. However, digital identity is only a concept for people in many other nations.
The very idea of digital identity can also be highly controversial. Privacy advocates tend to take a cynical view, concerned that it means governments can track every move of their citizens. However, blockchain technology is now providing a middle ground.
In particular, blockchain platforms such as the enterprise-focused Concordium use a cryptographic technique known as zero-knowledge proofs to help ensure that digital identities are self-sovereign. This feature allows people to retain control of their data in almost all everyday scenarios requiring an ID.