NASA attentive towards blockchain and cryptocurrency –Bakkt Live on Bitcoin Futures Trade

dan saada By dan saada September 23, 2019 Off
NASA blockchain

NASA is attentive towards blockchain and cryptocurrency skills.  In April 2018, NASA came up with a new grant, which supported the development of an autonomous spacecraft.  The purpose was to make decisions by making use of blockchain technology without having to worry about the need for human intervention.

The viability of smart contract technology to overcome security vulnerabilities has already been studied.  A job advertisement was posted about three days ago, which published that NASA is looking for a candidate who has got a wide range of skills; however, adds that an “experience with cryptocurrency and blockchain is considered a plus.”

The selected candidate will be joining NASA’s team of data scientists and experts who contribute to the Jet Propulsion Laboratory’s Innovation Experience Center (IEC) in California.

There have been widespread talks about how terrorists have been using cryptocurrencies; however, for the significant part, terrorists have not been using cryptocurrencies as they have thought fiat payment systems are untraceable when compared to cryptocurrencies.

Meanwhile, India has proposed a ban on cryptocurrency whether initial coin offerings, stored value units, and the draft bill has provided a broad definition for the cryptocurrency.  There have been several reasons provided for the proposed ban like the volatility factor, lack of central authority, anonymity, money laundering, high risk, and susceptibility to fraud and a lot more.  Despite each of these being identified as a valid risk, contemplations are going on about whether regulation is a better option than a complete ban.

The IMC has recommended that the standing committee review the technological developments at a global level to revisit the issues which have been addressed in the report.  The current ban provides for a cool-off period where investors will be able to unwind existing positions. Whether the regulators will revisit their proposed decisions in the bill is not yet clear.

Bakkt, backed by ICE, Microsoft, and Boston Consulting Group has provided for the execution of the first trade in the new Bitcoin Futures Contracts.  These futures are physically deliverable, and they pay out in Bitcoin at the time of settlement.

The tweet from Bakkt read:  “We’re live! The first Bakkt Bitcoin Futures trade was executed at 8:02 pm ET at a price of $10,115.”

When it is about Futures contracts, there is a legal agreement to buy or sell a particular commodity at a specific price and time.  This is a way where investors will be able to bet on whether the value of the underlying asset will rise or fall.

NASA is attentive towards blockchain and cryptocurrency skills.  In April 2018, NASA came up with a new grant, which supported the development of an autonomous spacecraft.  The purpose was to make decisions by making use of blockchain technology without having to worry about the need for human intervention.

The viability of smart contract technology to overcome security vulnerabilities has already been studied.  A job advertisement was posted about three days ago, which published that NASA is looking for a candidate who has got a wide range of skills; however, adds that an “experience with cryptocurrency and blockchain is considered a plus.”

The selected candidate will be joining NASA’s team of data scientists and experts who contribute to the Jet Propulsion Laboratory’s Innovation Experience Center (IEC) in California.

There have been widespread talks about how terrorists have been using cryptocurrencies; however, for the significant part, terrorists have not been using cryptocurrencies as they have thought fiat payment systems are untraceable when compared to cryptocurrencies.

Meanwhile, India has proposed a ban on cryptocurrency whether initial coin offerings, stored value units, and the draft bill has provided a broad definition for the cryptocurrency.  There have been several reasons provided for the proposed ban like the volatility factor, lack of central authority, anonymity, money laundering, high risk, and susceptibility to fraud and a lot more.  Despite each of these being identified as a valid risk, contemplations are going on about whether regulation is a better option than a complete ban.

The IMC has recommended that the standing committee review the technological developments at a global level to revisit the issues which have been addressed in the report.  The current ban provides for a cool-off period where investors will be able to unwind existing positions. Whether the regulators will revisit their proposed decisions in the bill is not yet clear.

Bakkt, backed by ICE, Microsoft, and Boston Consulting Group has provided for the execution of the first trade in the new Bitcoin Futures Contracts.  These futures are physically deliverable, and they pay out in Bitcoin at the time of settlement.

The tweet from Bakkt read:  “We’re live! The first Bakkt Bitcoin Futures trade was executed at 8:02 pm ET at a price of $10,115.”

When it is about Futures contracts, there is a legal agreement to buy or sell a particular commodity at a specific price and time.  This is a way where investors will be able to bet on whether the value of the underlying asset will rise or fall.

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