1. French MPs Propose Legal Framework for “All Digital Assets” Providers
The French Government plans to provide a legal framework for all “digital assets” providers. An amendment related to regulation of all service providers in the crypto industry was proposed by three members of President Emmanuel Macron’s party – Valeria Faure-Muntian, Christine Hennion, and Eric Bothorel, and it will be discussed by the end of the September. The amendment aims to expand the existing legal framework in order to allow all crypto market participants to obtain consent from the main stock market regulator in France, Autorité des Marchés Financiers (AMF). Back in July, a government official and academic Jean-Pierre Landau released a report stated not to over-regulate cryptocurrencies.
2. US Tech Firm Eyes Blockchain Supply Chain Solution for Major Chinese Ports
U.S.-based technology company Ideanomics has partnered with the Asia-Pacific Model Electronic Port Network (APMEN) Trade Tech Co. to streamline supply chains with blockchain tech. Together with APMEN Trade Tech Co., Ideanomics aims to leverage blockchain and what it calls “super artificial intelligence” to cut out “layers of middlemen” in port clearance and shipping handling for the Asia-Pacific Economic Cooperation’s (APEC) online port clearance system. The first instigation of the tools will take place in two major Chinese ports, Shanghai and Guangzhou, the former holding the title of the world’s busiest port in 2017. Ideanomics will have a 60 percent stake in the new venture, promising it will list on an unspecified Chinese stock exchange before the end of the year.
3. IBM Awarded Patent for Autonomous Self-Servicing Devices Within Blockchain-Based IoT System
IBM has won a patent for the autonomous self-servicing of networked devices that form part of its Autonomous Decentralized Peer-to-Peer Telemetry (ADEPT) environment. IBM first unveiled a proof-of-concept (PoC) for ADEPT in partnership with Samsung back in March 2016. The system uses a blockchain protocol as a basis for a distributed network of devices. According to IBM, self-servicing devices can further boost the improved efficiency of a decentralized system, as they can diagnose and automate the solution for a range of situations such as self-diagnosis, predicting equipment failure and anticipating service needs. The patent continues to outline further functionalities as part of the decentralized IoT system, in which the devices would engage in controlled self-servicing based on foundational IoT trusted transactions in a peer-to-peer and decentralized manner.