The Liechtenstein bank will be the first to issue its own blocking assets



Union Bank AG from Liechtenstein announced the launch of its own security token. Bank intends to become the world's first licensed financial institution to issue blocking assets, reports liga.net.

Union Bank also plans to issue a stable currency, called Union Bank Payment Coin. she whole will be be provided with a currency. And in future business processes Bank translated into block.

Previously, Bank Frick also became the first financial institution in the country from Liechtenstein, which began to offer its clients direct investments in five leading crypto-currencies.

As previously reported, in 2017 andthe Audi Concern has released the POC (Proof of Concept). The product has been tested IBM Hyperledger Fabric received positive feedback and it was decided to actively develop it on a global scale.

As reported earlier, in February 2018 Microsoft has announced plans to use blocking technology as a basis for storing and processing digital identification data. In March 2018 Google started working associated with blocking technology for its cloud activities. and in May 2018, Facebook carried out one of the largest staff redevelopments in its history, dividing the product team into three areas. As part of this reorganization A rule for working with the blockbuster appeared on Facebook.

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