China Publishes Blockchain Research
The Chinese government has recently published a 70-page report that details some of its first research findings on blockchain technology and sets out key milestones for the development of blockchain technology in the country. The whitepaper was published Oct. 18 by the software services division of China’s Ministry of Industry and Information Technology, and was written by a working group of financial firms and nonprofits.
The Ministry of Industry and IT said in the white paper’s preface (roughly translated):
“[We] hope that all sectors work together to actively grasp the blockchain development trends and regulations...to create a favorable environment for development [and] accelerate the promotion of China's blockchain technology and industrial development.”
Read more here
Delaware Judge Pushes for Blockchain Voting
Delaware Chancery Court Vice Chancellor J Travis Laster gave a speech in which he has advocated the use of blockchain-based proxy voting systems to put more power in the hands of corporate shareholders. Proxy voting is a service that enables shareholders to cast votes on corporate decisions. Laster told attendees:
“[Proxy services] are making healthy profits in a non-competitive market. They might play around the edges, but real change will have to come from the outside. The good news is that you have a plunger that you can use to clean up the plumbing. That plunger is distributed ledger technologies, the technology that drives bitcoin.”
Read more here
The Winklevoss Brothers are Speeding up SEC Approval for Their Bitcoin Fund
Cameron and Tyler Winklevoss, founders of the Gemini exchange, have appointed State Street as the transfer agent for their bitcoin-based exchange-traded fund (ETF), the Winklevoss Bitcoin Fund. The twins have also appointed San Francisco-based Burr Pilger Mayer to act as auditor for the fund. A move that can reassure regulators that their fund is playing by the rules and that the reputation of these firms will add respectability to their venture — increasing their chances of SEC approval.
Read more here
