CryptoCorner: Market Stays Strong Over Weekend, Kleinwort Hambros Issues Blockchain ETN, IBM (NYSE: $IBM) and Accenture (NYSE: $ACN) Patent Blockchain Solutions
Point Roberts, WA and Delta, BC - April 8, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
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#CryptoCorner: Market Stays Strong Over Weekend, Kleinwort Hambros Issues Blockchain ETN, IBM (NYSE: IBM) and Accenture (NYSE: ACN) Patent Blockchain Solutions
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The crypto market has stayed fairly strong since we left off on Friday, growing from a $169 billion total market cap to just under $181 billion at press time, according to CoinMarketCap. The market matched last Wednesday's peak total market cap on Sunday, briefly hitting $185 billion, the highest market cap since November 2018. Currently Bitcoin (BTC) is trading for $5200, having gotten as high as $5300 during the Sunday market peak. Following are Ether (ETH), with a trading price of $178, XRP at $0.35, Bitcoin Cash (BCH) at $305 and Litecoin (LTC) at $88.
Private bank Kleinwort Hambros has issued a blockchain exchange-traded note (ETN), according to a report from FinExtra this morning. According to the piece, the ETN portfolio of stocks will include an array of 20 companies spanning the tech, shipping, oil and gas, custody banking and industrial sectors. The blockchain ETN is available for a minimum investment of €1000 EUR. John Birdwood, portfolio manager at Kleinwort Hambros, said:
"We have seen increasing interest from clients in the area of blockchain. We have built an innovative product which will provide our clients with the diversified exposure to the promising growth prospects blockchain technology offers."
IBM (NYSE:IBM) has patented a new technology that analyzes data and interactions for self-driving vehicles (SDVs) using blockchain technology. An excerpt from the patent description outlines how blockchain is leveraged:
The open blockchain network (such as IBM's hyper-ledger) may be used to maintain the MIH [Mobility Information Hub] which contains driving history of drivers within a distance of the current SDV. The SDV may be one of the nodes in the open blockchain network to participate on transaction validation (for example, uploading data). Our invention may implement advanced analytics/learning models (for instance, driver behavior models) on top of the open blockchain. Thus, the system only allows authorized entities (SDV, a driver, traffic control node, etc.) to access data and models. The SDV may fetch the predicted behavior of the nearby drivers in real-time via a blockchain client application by passing the nearby driver(s) identification (for instance, a license plate number).
Cointelegraph reports that another tech firm, Accenture (NYSE:ACN), has also filed two blockchain-related patents recently. The first provides a method for cryptologic blockchain interoperability, which allows users to share data stored on the blockchain using a digital signature. The second is for a cryptologic self-executing blockchain export commitment, which Cointelegraph describes as an "interoperability smart contract solution that uses a pre-commit authorization" wherein "the sender is able to lock the token data on the blockchain while waiting for confirmation from the receiver".
Sam Mowers, Investorideas
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