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Breitling watch will use Blockchain technology


The actual Breitling watch that was given to James Bond in the 1965 film ‘Thunderball’ (it had a Geiger counter built in) apparently ended up being sold at a trunk sale for £ 25 ($ 33). The collector’s item was later auctioned at Christie’s for $ 160,000.

However, such mysterious circumstances could never happen to a Breitling watch from today. Thanks to the long and immutable reach of Blockchain technology.

Announced Tuesday, Breitling is the first luxury watchmaker to offer an Ethereum-based digital passport for all of its new watches. The provenance tracking effort was first launched for a specific model earlier this year.

Expensive watches have always come with physical (and now electronic) certificates of authenticity and international warranty, but there must be a standardized way to transparently track service history and any watch repairs. According to Breitling’s chief digital officer and technology officer, Antonio Carriero.

Ripio wants to accelerate the adoption of “stablecoins” in Latin America

The leading fintech in Latin America Ripio has announced through a press release a new alliance with Circle to take the adoption of the stablecoin USDC to its highest level in the region.

Ripio, focused on the exchange of cryptocurrencies through its own platform and wallet. It will allow residents of the Latin American region to access the benefits of USD Coin (USDC) in their products.

In addition, Ripio unveiled its “Ripio Earn” program, a USDC performance account that leverages the financial services of the Circle platform. To support liquidity and flows, it provides an estimated return of six percent per year. Available for now for users of its platform in Brazil and Argentina.

Ripio’s solution coincides with the demand for stable coins in the region. As a result of the macroeconomic pressures of the southern cone countries such as Argentina and Venezuela. Where exchange controls, inflation and the constant devaluation of its monetary cone have launched users in the search for digital solutions. Like the ‘stable’ in order to escape the economic imbalance in their countries.

WEF publishes report evaluating global blockchain standards

The World Economic Forum has partnered with the Global Blockchain Business Council, an advocacy group. To assess the current state of blockchain technology.

The Global Standards Mapping initiative (GSMI), released Wednesday, is the most “comprehensive” attempt yet to study blockchain technical standards. According to the organizations.

The GSMI mapped data from more than 30 technical standard-setting entities, 185 jurisdictions, and nearly 400 industry groups.

The report attempts to provide the current blockchain landscape by mapping current technical standardization efforts. Identifying gaps and recognizing “next steps” for the industry.

The initiative is designed to serve as a resource to move the industry forward by combining industry trends and providing “action-oriented guidance” for the public and private sectors.

“The ecosystem is moving forward with design and construction at scale,” the report reads. “However, several questions remain critical to the success or failure of blockchain.”

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