Breitling watch to use Blockchain technology

The Breitling watch will use Blockchain technology. Initially, it will start working with an Ethereum-based system. See what this is all about.

The real Breitling watch that was given to James Bond in the 1965 film „Thunderball“ (it had a built-in Geiger counter) apparently ended up being sold at a boot sale for £25 ($33). The collector’s item was subsequently auctioned at Christie’s for USD 160,000.

However, such mysterious circumstances could never happen to a Breitling watch from today. Thanks to the long and immutable reach of the Blockchain technology.

Announced on Tuesday, Breitling is the first luxury watchmaker to offer an Ethereum-based digital passport for all its new watches. The provenance tracking effort was first launched for a specific model earlier this year.

Expensive watches have always come with physical (and now electronic) certificates of authenticity and international warranty, but there must be a standardized way to transparently track the service history and any repairs to the watch. According to Breitling’s director of digital and technology, Antonio Carriero

Ripio wants to accelerate the adoption of „stablecoins“ in Latin America

Leading Latin American fintech company Ripio has announced in a press release a new partnership with Circle to take the adoption of stablecoin USDC to its highest level in the region.

Ripio, focused on the exchange of Bitcoin Hero through its own platform and wallet. It will allow residents of the Latin American region to access the benefits of USD Coin (USDC) on their products.

In addition, Ripio unveiled their ‚Ripio Earn‘ programme, a USDC performance account which leverages the financial services of the Circle platform. To support liquidity and flows it provides an estimated return of six percent per annum. Available for now for users of its platform in Brazil and Argentina.

Ripio’s solution coincides with the demand for stable currencies in the region. As a result of the macroeconomic pressures in the southern cone countries such as Argentina and Venezuela. Where exchange controls, inflation and the constant devaluation of their monetary cone has launched users in the search for digital solutions. Like the ’stables‘ in order to escape the economic imbalance in their countries.

WEF publishes report assessing global blockchain standards

The World Economic Forum has partnered with the Global Blockchain Business Council, an advocacy group. To assess the current state of blockchain technology.

The Global Standards Mapping Initiative (GSMI), released Wednesday, is the most „comprehensive“ attempt yet to study blockchain technical standards. According to the organisations.

The GSMI mapped data from more than 30 technical standards-setting entities, 185 jurisdictions and nearly 400 industry groups.

The report attempts to provide the current blockchain landscape by mapping current technical standardization efforts. Identifying gaps and recognizing „next steps“ for the industry.

The initiative is designed to serve as a resource for advancing the industry by combining industry trends and providing „action-oriented guidance“ for the public and private sectors.

„The ecosystem moves forward with design and construction at scale,“ the report says. „However, several questions remain critical to the success or failure of blockchain.