Friday, 19 October 2018

Technology conglomerate Siemens has announced it will invest in LO3 Energy, a startup focused on building blockchain-backed “smart grids” for local energy trading. The amount of the investment, and LO3’s implied valuation, were not disclosed.

Long queues and endless paperwork during land transfers have discouraged many people from following the processes at registries, making them opt for brokers and advocates to handle the process.

France’s finance minister on Friday unveiled a decree that would make it the first nation in Europe to allow the trading of some non-listed securities using the blockchain technology that underpins cryptocurrencies.

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