Coinatory

JPMorgan financial holding intends to use its blockchain Quorum for tokenisation of gold bars, according to the Australian Financial Review. After the procedure is completed, they will correspond to electronic tokens instead of paper certificates accepted now. The advantages of tokenisation are obvious. First, the ownership of the ingots and their transfer to another person will be reflected in the general register (in this case non-public). Entries cannot be changed without the appropriate authority. Secondly, the tokenised property can be relatively easily split. Thirdly, its shares can be traded without the participation of a third party. The head of the JPMorgan blockchain-initiative Umar Farooq explains: They wrap a gold bar ... Read more about " JPMorgan tokenises gold bars using Quorum blockchain " on coinatory.com

The Central Bank of South Africa successfully tested the blockchain Quorum in the interbank payment system. Such information was provided by the media. According to the central bank"s report, all the goals of the "Hoha" project, at this stage, were successfully achieved, including the creation of an interbank payment system based on blockchain Quorum. Now, a group of researchers will focus on identifying problems with the stability, scalability, and confidentiality of the platform. SARB today fully controls the South African interbank ... Read more about " Central Bank of South Africa successfully tested blockchain in the interbank payments " on coinatory.com