Inshorts

Cooperation, opening up the new opportunities. Bitfury, the multi-profile blockchain-company has signed a partnership agreement with the mining company Hut 8 Mining Corp. Together, the companies plan to create the largest network of data centers for bitcoin mining in North America. Valery Vavilov, CEO of Bitfury said: "We are excited to partner with Hut 8 to expand our activities in the strategic North America market." Bitfury will be the provider of innovative solutions, the owner and operator of the mining farm will be Hut 8 Mining Corp. At the initial stage, there will be 22 data centers in their management, and another 35 will be added later. It is planned that, as a result, the total capacity of the network of data centers will be 60 MW.

Blockchain-based store of data for students. The Japanese multinational corporation SONY plans to create a blockchain-based platform for storing and sharing information of students' progress. The media conglomerate has already submitted a patent application to the US Patent and Trademark Office (USPTO). The new platform allows to keep information about available certificates, diplomas, educational experiences, professional skills that students gained during their education. The developers note, that the data not only may be exchanged, but also transmitted, if necessary.

Cryptocurrency in Russia will gain legal ground. The draft law regarding regulation of cryptocurrency operations was developed by ANO Robot Law, Voronkov Ventures and Heads Consulting and sent to Anatoly Aksakov, the head of the State Duma Financial Market Committee and Martin Shakkum, chairman of the expert council on legislative support of financial technologies. The document provides basic legal norms and principles for the circulation of digital money in the country, as well as mechanisms for ICO. Its authors also propose to create a state exchange of the digital currency, where the main currency will be a CryptoRuble. Experts, however, are still skeptical about the submitted legislative initiative, calling it raw.

New exchange perspectives of the digital currencies. The Chicago Stock Exchange (CBOE) received permission from the US Commodity Futures Trading Commission (CFTC) to issue bitcoin futures and is already planning to deal with other cryptocurrencies. Chris Concannon, the president of CBOE noted, that the exchange is becoming a leader in the adoption of innovative technologies and is already exploring the expansion of the range of cryptocurrency for contracting. The exchange plans to introduce futures for Ethereum and Bitcoin Cash. "This is only the beginning of the formation of an asset class, that will dominate the next decade," Concannon said.

British lords for applying innovations in the English state system. The Upper House of the British Parliament recommended the use of distributed ledger technology (DLT) and blockchain in state institutions. The parliament believes that the adoption of innovative developments will simplify the relationship between the population and the state, their application will change the scope of national and cyber security, health, customs and immigration services. The House of Lords also reported that the possibilities of technology are still being studied. Christopher Holmes, the representative of the House of Lords, said: "We believe that innovation will play a significant role in improving the quality of public services and will make the UK the world leader in new technologies and data protection."

Using crypto currency will make payment for sea freight easier. The shipping company Varamar Ltd., located in Odessa and specializing in transportation of heavy, oversized cargo and bulk materials, plans to take bitcoin as payment for its services. Negotiations are already underway to conduct the first transaction in cryptocurrency. Alexander Varvarenko, founder of Varamar Ltd said: "Paper work is inconvenient and time-consuming, while using bitcoin-payments will greatly simplify and speed up the process."

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American graduates will be able to obtain a certificate of higher education in digital format. Central College of New Mexico (CNM) announced the creation of a platform based on blockchain technology, to store information about the received diplomas. Thanks to the use of innovative technologies, students will be more comfortable in using the university graduation document, and employers will have the opportunity to verify its authenticity. The blockchain diplomas will be given to any college graduate who wants to, already starting from December 15, 2017. CNM President, Katharine W. Winograd, said: "This technology gives our students more independence, extends their opportunities for using the knowledge and experience gained during the training." It is planned that in the future this platform will be used by other educational institutions of the country.

International trade operations will become faster thanks to the blockchain. The largest banking company in Spain, Bilbao Vizcaya Argentaria (BBVA), announced the successful testing of the blockchain system for conducting trade operations between Spain and Mexico. It was developed in partnership with Waves, a blockchain platform designed for releasing tokens and carrying out crowdfunding campaigns. The use of the system made it possible to automate the processing of electronic documentation and speed up the process of sending, verifying and authorizing cross-border transactions. The head of the international trade department of the BBVA, Patxi Fernández de Trocóniz said: "The processing time of documents has decreased from a few days to a couple of hours, and the transaction participants are now free to find out now the work with the documentation."