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CryptoCorner: Visa Developing Policy-Compliant Fair Computing Solution that Leverages Blockchain, Libra Association Publishes Blog Outlining Recent Highlights

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Nov 18, 2019 (Investorideas.com via COMTEX) -- Point Roberts, WA and Delta, BC - November 18, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.

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Visa Research, the R&D branch of credit card and payments giant Visa ( NYSE:V ), released a paper outlining its proposed blockchain-powered policy-compliant fair computing solution called LucidiTEE. An excerpt from the paper's abstract reads:

This paper presents LucidiTEE, the first system to enable multiple parties to jointly compute on large-scale private data, while guaranteeing policy-compliance even when the input providers are offline, and fairness to all output recipients.

Facebook's ( NasdaqGS:FB ) Libra Association developer Michael Engle wrote a blog post on Friday giving updates on the project five months after its official announcement. Engle lists the following highlights:

  • Inviting community participation in shaping how we get to mainnet by making a detailed technical roadmap available to all.

  • Encouraging developers to test Libra network functionality by launching and continuously improving testnet, which has logged more than 51,000 transactions since we reset the testnet on September 17, 2019.

  • Simplifying how developers work with the Libra project team, so they can focus more on building - by integrating our online developer community, GitHub, CLA process, and more.

  • Teaching developers of all backgrounds and skill levels how to work with the Libra network by consistently publishing documentation and technical blogs.

  • Incentivizing developers to help us find and fix bugs faster by launching a Bug Bounty program.

A statement from the UK's LawTech Delivery Panel published today examines the legal status of cryptoassets and smart contracts in the country. The paper makes clear that the authors consider cryptoassets to indeed be property, despite its "novel or distinctive features".

This is likely to have important consequences for the application of a number of legal rules, including those relating to succession on death, the vesting of property in personal bankruptcy, and the rights of liquidators in corporate insolvency, as well as in cases of fraud, theft or breach of trust.

According to the site Coin ATM Radar , the global total amount of cryptocurrency ATMs has now exceeded 6,000 with a grand total of 6,004. These are spread through 75 different countries. The U.S. is leading with 4,126 locations and Canada is the runner-up with 729 locations.

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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