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Facebook exec moves to blockchain
Evan Chen, Facebook’s director of engineering, has a new role: Director of Engineering, Blockchain. Cheng, who also used to work at Apple, revealed the change in an update to his LinkedIn profile.
The addition of Cheng to Facebook’s blockchain group, following a similar move by former PayPal president David Marcus, signifies that this is an important project to the social network, TechCrunch reports.
Cheng is also reportedly an advisor to blockchain startups and projects including Zilliqa and ChainLink, according to TechCrunch.
Face ID takes flight
Sydney Airport is testing a facial biometric check-in system that replaces the use of passports and boarding passes for Qantas passengers.
“Your face will be your passport and your boarding pass at every step of the process,” Sydney Airport CEO Geoff Culbert tells CIO.au. That said, people traveling to and from the country will still have to undergo the standard border-crossing process.
The test is part of a $22.5 million project to deploy facial recognition tech at Australia’s airports over the next three years, the article states.
Ant’s WiFi investment
Ant Financial, the Alibaba affiliate that operates Alipay, has invested in Peanut Subway, a provider of WiFi on subway systems, China Money Network reports.
The news follows last month’s bid by rival Tencent, working with automaker Zhejiang Geely Holding Group, to obtain a 49% stake in High Speed Network Technology Co., which provides WiFi on high-speed rail lines across China, the article states.
Transit is often seen as a major use case for mobile payments, given the closed nature of the system and commuters’ needs for speed and scale.
Razer’s new game
Gaming hardware maker Razer has launched its mobile wallet in Malaysia, where it can be used for P2P transfers and payments at more than 6,000 retailers in the region, including Starbucks, Wendy’s and 7-Eleven.
Called Razer Pay, the app was developed in partnership with Berjaya Corporation Berhad and launched with support from seven of the country’s largest banks.
San Francisco-based Razer in 2017 developed a digital wallet to support virtual currency transactions within its gaming network.
From the Web
Maltese Parliament Passes Laws That Set Regulatory Framework For Blockchain, Cryptocurrency And DLT
Forbes | Thu July 5, 2018 – July 4, 2018 marks a historical day for Malta, as the Maltese Parliament has officially passed 3 bills into law, establishing the first regulatory framework for blockchain, cryptocurrency and DLT (Distributed Ledger Technology). This makes Malta the first country in the world to provide an official set of regulations for operators in the blockchain, cryptocurrency and DLT space.
Tokyo blockchain conference looks to uses of technology beyond headline-grabbing cryptocurrencies
The Japan Times | Fri July 6, 2018 – The rise of cryptocurrencies has shone the spotlight on their underlying technology, which is known as the blockchain. A wide number of startups are now pitching services using the technology, which is often touted as the next major development since the internet.
Parity’s Jutta Steiner says the future of blockchain is many chains working together
TechCrunch | Fri July 6, 2018 – Few debates can get as heated in blockchain circles as the simple question: which chain(s)? Will a single public blockchain such as Ethereum become the one chain to rule us all, or will multiple chains co-exist in the marketplace?
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