Crypto News From the German-Speaking World: Nov. 3-10

The previous week has marked various crypto- and blockchain-related developments within the German-speaking world. Malta Enterprise partnered with Deutsche Telekom’s IT service subsidiary to supply its blockchain-as-a-service (BaaS) market, French IT firm Atos and Austrian startup Smart Digital proposed industrial plant inspections utilizing blockchain, and the German Federal Financial Supervisory Authority (BaFin) launched a market survey on crypto property derivatives.

Below is the previous week of crypto and blockchain information in evaluation, as initially reported by Cointelegraph auf Deutsch.

BaFin launches a market survey into crypto derivatives

BaFin’s survey accommodates 19 questions in 5 topic blocks and is aimed toward all market contributors, together with buyers, shopper safety associations, suppliers and issuers, in addition to curiosity teams. With the survey, BaFin intends to construct “an in depth image of the market of derivatives that includes cryptocurrencies as an underlying asset and its potential dangers.”

According to the Financial Services Supervision Act, the authority is “dedicated to the safety of collective shopper pursuits” and, against this background, observes and analyzes “the market state of affairs with regard to attainable shopper safety points”.

Deutsche Bundesbank: Facebook’s Libra might set off monetary crises

Federal Banking Commissioner Joachim Wuermeling, liable for banking supervision, argued that Facebook’s yet-to-be-released Libra stablecoin might set off monetary crises in sure eventualities sooner or later. According to Wuermeling, Libra can be extra like “platform cash” than an actual foreign money.

However, Wuermeling added that “beneath sure circumstances, Libra might to a sure extent displace the cash presently getting used,” thus having “consequences for consumers, banks, the financial system and monetary policy”. The Bundesbank additionally sees the hazard of a monetary disaster triggered by Libra, and subsequently urges “global rules and institutions to supervise Libra and other providers with similar business models.”

Austrian startup to deploy drones and blockchain for industrial crops inspections

Austrian startup Smart Digital, in collaboration with French IT firm Atos, is planning to automate supervision of commercial crops utilizing digital camera drones and blockchain tech. This will reportedly embrace objects resembling bridges, energy crops, giant forest areas, energy grids and different infrastructure services and areas. The initiative is aimed toward chopping prices and useful resource expenditures.

Smart Digital CEO Alexander Schuster stated: “Our goal is to offer solutions that have real added value for our customers and are fully automated. […] The autonomous and flexible processes offer many possibilities – from detecting pests in agriculture and the defects in construction sites to the detection of wear in power grids.”

Deutsche Telekom to deliver blockchain answer to corporations in Malta

Maltese enterprise company Malta Enterprise entered right into a partnership with Deutsche Telekom’s IT service subsidiary T-Systems to supply its BaaS market to native corporations. Representing the Maltese Government, the company is liable for each international funding and native financial growth within the island republic.

Kurt Farugia, CEO of Malta Enterprise, commented on the motivation behind the brand new partnership:

“This collaboration with T-Systems will give companies a competitive advantage over other jurisdictions while adding more value to the already established blockchain ecosystem. The companies using T-System’s GBE services will receive certification from Malta for their project Digital Innovation Authority. The cooperation with T-Systems will further strengthen Malta’s reputation as a solid blockchain jurisdiction.”

Austrian blockchain startup Qravity launches alpha model

A blockchain community for media professionals developed by the Viennese startup Qravity is now on-line in an alpha model. The blockchain-based platform is designed to assist digital media content material creators collaborate and mechanically obtain fee for his or her time.

The blockchain-powered system takes over the monitoring of all concerned events, in addition to the business distribution of contents created within the staff throughout the Qravity system. With the alpha model, the builders need to remove errors by assessments and complement enhancements, whereas the official launch of the platform is scheduled for the second quarter of 2020.

German BaaS supplier Advanced Blockchain points new shares as a part of a capital enhance

German BaaS supplier Advanced Blockchain, which is listed on the XETRA inventory trade in Frankfurt, issued new shares as a part of a capital enhance. With subscriptions of present and new synergy buyers totaling 128,520 shares at a subscription value of EUR 5.40 ($5.95) per share, the corporate raised almost EUR 700,000 ($771,325) in new fairness. This corresponds to six.1% of share capital.

According to Advanced Blockchain, the extra funding will “serve to further expansion of the company and further strengthening of the company’s equity base.”

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