Summary:
- Engie, a French energy giant, launches a new blockchain-related venture
- Australian State to store driver licence data using blockchain
- BITCOIN share of the crypto market capitalization surpasses 55%
Investors have launched Monday’s trading on the virtual currency market in downbeat moods as a most of the major cryptocurrencies experienced moved slightly lower. On Monday morning, the capitalization of the whole market sits around $197 billion whereas the market capitalization of the most popular digital currency stands a notch below $110 billion. Today, we present news concerning idea of one Australian State and new startup of the French energy giant.
Over the weekend, BITCOIN took a dive below the $6100 handle, but the most famous cryptocurrency has recouped part of declines since. At press time, the digital currency is trading a little above the $6250 handle. Source: xStation5
Firstly, government of the New South Wales (one of the Australian states) announced that it will conduct a pilot program for digital driver licences in November. The trial of driver licence digitization will cover 140,000 holders. Holders of this digital document will be allowed to show it using a mobile phone to prove age and identity once stopped by the police roadside check. The project will be supported by the blockchain-based platform developed by Secure Logic.The state-wide roll-out is planned in 2019.
The capitalization of BITCOIN has reached 55% of the whole market recently. The share of most famous digital currency has been continuously increasing since May, when it bottomed at around 35%. Could any altcoin undermine the BITCOIN’s importance in the future? Source: Macrobond, XTB Research
Secondly, let’s move to France where Engie, the French energy behemoth, announced that it is launching a new blockchain venture in cooperation with Maltem (the business consulting company). According to the press release published on Friday, the Blockchain Studio (a name of the new Engie’s initiative) is aimed to make blockchain technology accessible to as many people as possible. The company published a software suite consisting of two tools which could accelerate and industrialise the implementation of the blockchain-related projects. The first of the mentioned tools could help users to develop smart contracts without any technical knowledge. An initial seed capital of €1.9 million has been already secured. The company plans to develop in Asia and Southern Europe in 2019.
Over the past 24 hours DASH moved significantly higher to around $200. On Monday morning, the digital currency is fluctuating in the vicinity of the mentioned level and clearly above the 8- and 33-period moving averages on the H4 interval (the yellow and purple lines on the chart). Source: xStation5
