Inshorts

As of now, pilots can use an on-board backup system based on blockchain. The giant of the US aviation industry Boeing files a patent application for the creation of a GPS-navigation system. The developed system is considered as the back-up system and can assist in the case when the board main systems of the aircraft work intermittently. Activation of the GPS-system occurs when the onboard computer registers a potential threat in the GPS-receiver. Despite the absence of a signal or with a false signal about the aircraft, the system extracts information about the actual airliner location from blockchain. Using of the new system can be possible after the US Patent Office issues the document.

Bitcoin conquers Hollywood hills. In America they plan to make a movie about the crypto-currency under the name of "Bitcoin". The director of the comedy Christian Kashmir said that the film will set in the state of Arizona and tell about the failing brothers who attempted to sell on the black market a digital wallet containing about $ 20 million in crypto-currency. Picture-taking will take place in May 2018. The comedian Theo Von is invited for the role of the main character in the movie, Lauren Cribb is the movie producer.

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Team "Rungstead Sayer Capital" has performed crypto-rebranding.The bitcoin-billionaire Niklas Nikolasen got to be the main sponsor of the team, and initiated the introduction of crypto innovations to the club: hockey players were offered to pay their salary salaries in bitcoins, and the home ice arena of the club was renamed Bitcoin Arena.The first who declared the readiness to receive his salary in digital money was the striker Nikolai Rosenthal. The contract item about the player’s protection against the risk of a sharp turnabout in the Bitcoin rate has already been included. The assistance to the club in the processing of payment transactions in the cryptocurrency will be provided by the Swiss company Bitcoin Suisse.

Japanese shipping company Mitsui OSK Lines (MOL), testing a blockchain system to ease the international trade. In the test mode, all contracts, insurance and financial documents will be stored in a single block of registry, which will allow real-time transactions. The company, MOL, states: ‘’Our mission is intended to verify the effectiveness of blockchain for enhancing security and reducing the time required to settle cross-border trade transactions, discrepancies among related documents and administrative costs.’’

The largest German exchange organization Deutsche Börse discussing the possibilities of listing bitcoin futures. According to the spokeswoman, the company conducts research on new assets, including digital money, evaluates the advantages and disadvantages of using them in its own work. It is planned that the new format of the futures will allow investors protect the investment of the Exchange customers in bitcoin and make a difference in its exchange rate compared to other digital assets. If the exchange starts and will list bitcoin futures, then Germany will be the first European country to implement it in cryptocurrencies.

Wholesale market of power engineering on the basis of the blockchain. LO3 Energy consulting firm has signed a memorandum of understanding together with EPEX SPOT (European Power Exchange), based in France and covering Germany, the U.K., the Netherlands, Belgium, Austria, Switzerland and Luxembourg. Together, the company will look for ways to combine local energy markets with blockchain technology into larger ecosystems. Thanks to this development, consumers have the opportunity to buy and sell surplus energy.Jean-Francois Conil-Lacoste, chairman of EPEX said; ‘’Innovative digital solutions are needed to further serve the market in this industry revolution and to drive forward the energy transition.’’

New payroll system to pay the salaries with cryptocurrency. GMO Internet Group, a Japanese internet giant announced to pay salaries with bitcoin for those who wish to take so. Employees may choose by themselves the share of minimum 10.000 JPY ($88), maximum 100.000 JPY ($881) for bitcoin. The salary, paid in bitcoin, will be deducted from the JPY when the actual salary is paid. When paying salaries in a yen, the portion issued in digital currency will be deducted from it at the bitcoin exchange rate in the GMO Coin stock market. The company stated; ‘’The GMO Internet Group has developed a system that allows salaries to be paid in Bitcoin. The purpose is that the employees in the company to embrace the cryptocurrency.’’

A surge of interest in digital currencies. One of the most popular searches for users of the search engine in 2017 were "cryptocurrency" and "blockchain". Experts attribute this to the rapid growth of the digital money rate. Among the search themes, the query "how to organize bitcoin mining" and the rate of crypto currency is leading. The press service of Yandex says that interest in the crypto-direction has rapidly been developing lately and this is significantly reflected in the number of search requests. Analysts believe that at the moment the interest in cryptocurrencies is estimated at 77 points out of 100 possible.

Blockchain-based cyber security research is set to launch. The US President Donald Trump has signed the defense bill, which includes blockchain technology. The reason to add blockchain in the bill defined as ‘potential offensive and defensive cyber applications of blockchain’. It is planned that research will be conducted on the possibility of using detachments for criminal and extremist purposes, ways to prevent such violations and the possibility of introducing innovations into the work of the US federal services.