Development

Deloitte presented its development called DocSensus at the BlockchainUA Conference held in Kyiv on March 17. It is the first project of its kind in Ukraine, aimed at changing existing document flows and protecting documentation from unauthorized changes, false representations, or losses.

South Korea is showing a very good positive trend in terms of the development of bitcoin. South Korea has the world’s fastest internet connectivity, which is a very powerful incentive for the development of the use of bitcoin in the country.

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Dmitry Medvedev, Prime Minister of Russia, who is also an ex-president of the Russian Federation, instructed authorities to adopt Blockchain technology in the Russian economy.

In a world where centrally controlled marketplaces dominate our economic system, and privacy and anonymity are not honored - the Safe Exchange Coin organization announces a development roadmap for an anonymous marketplace that is hosted on a blockchain.

As Bitcoin become more powerful and more widespread day by day, many countries are now considering the best ways of harbouring the cryptocurrency. The Philippines is the latest country to consider guidelines that will shape the development of a regulatory standard for Bitcoin.

The Commissioner under the President of Russia on the Rights of Entrepreneurs, Boris Titov, recently suggested allowing businesses in the Kaliningrad, a federal subject of the Russian Federation located on the coast of the Baltic Sea between Poland and Lithuania, to hold cryptocurrency accounts.

Internet ombudsman has proposed allowing citizens of Crimea to use cryptocurrencies and the opening of a cryptocurrency exchange on the peninsula.

From observing the world economy situation, someone can easily understand we have reached dangerous times. Global debt has grown up to 230 trillion dollars with world GDP at 75 trillion dollars. The need to service this debt has led central banks to attempt to manipulate  the economy through  zero or even negative interest rates.