Reinis Melbardis

Reinis Melbardis

Reinis Melbardis is an Actuary with Aon Investment Solutions, with experience leading insurance capital transactions and systems development, valuation and regulatory projects. Previously, he was Director of Business Development at Nexus Mutual. He loves spreadsheets, and the possibility of opening up finances.

Law professor Agata Ferreira: Adequate regulatory guidance on smart contracts will help eliminate its legal uncertainty: Law professor Agata Ferreira said in a paper that the global smart contract market is growing rapidly. The market is expected to register a CAGR of 17.4% during the forecast period 2020 to 2025. Smart contracts are increasingly being deployed across a wide range of sectors including the financial sector, such as the public sector, supply chain management, and the automotive, real estate, insurance, and healthcare industries, among others. They are also the backbone of the growing decentralized finance (DeFi). Regulators will face increasing challenges in responding to and addressing smart contracts, but legislative initiatives to date indicate that there are no major barriers to their use.

At the same time, the proliferation of different definitions and potential legal treatments of smart contracts could lead to legal uncertainty and regulatory arbitrage. Lawmakers should therefore keep a close eye on smart contract developments and step in only when necessary to provide legal certainty, reduce risk and protect vulnerable parties. This measured and risk-based regulatory approach will support innovation, capitalize on opportunities and integrate smart contract innovations into the existing legal system. Adequate regulatory guidance will also help eliminate legal uncertainty and boost market confidence for the industry, investors and consumers. (Cointelegraph)[2021/6/19 23:50:06]

Sovereign Union announces CBDC pilot partnership with Apollo Fintech: Blockchain firm Sovereign Union and Apollo Fintech have announced a new partnership to bid for blockchain-related government contracts in 26 Pacific island nations. The initiative includes pilot projects in Palau and Micronesia. Ledger applications proposed by the two companies include a national payment platform that issues a central bank digital currency (CBDC) and the Apollo e-government platform.

Last month, Apollo Fintech announced the completion of its National Payments Platform (NPP), a settlement system that enables central banks to issue sovereign digital currencies (stablecoins) for nationwide adoption. (Globenewswire) [2020/9/19]

DAP announced the node election plan of the incubation project REITS CHAIN: According to official news, on May 2, the DAP official website announced the node election plan of the incubation project REITS CHAIN.

According to reports, according to the DAP standard, 20% of the incubation project fee will be used to buy back the Dapp in the market and transferred to the black hole address for permanent destruction. DAP will spend all the expenses of the incubation project on the market to repurchase DAPP and destroy it.

It is reported that in 2020, 50% of the DAP revenue will be used to repurchase DAPP in the market and burn it.

DAP will be an incubator for overseas STO security tokens to enter entities under the framework of the REG.S Act. REITS has been designed in accordance with STO rules from the very beginning. DAP has landed on Cointraders and PBank trading. [2020/5/4]

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