Position Exchange: Crypto Bonds Powered by Smart Contracts
PRESS RELEASE. Position Exchange is pleased to announce the release of its Bonds feature. Dive deeper into this game changing DeFi product. What is a Bond? A bond is a fixed-income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). A bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the loan and its payments. Bonds are used by companies, municipalities, states, and sovereign governments to finance projects and operations. Owners of bonds are debt holders, or creditors, of the issuer.....
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With contributions from Zerado, FinTech Network have produced a whitepaper that looks at smart contracts and how they could improve efficiencies within the banking sector. The whitepaper highlights: How smart contracts aim to provide security that is superior to traditional contract law and ways they can reduce other transactional and administrative costs. The workings of Ethereum as one of the best examples of smart contracts in practice. Ways that smart contracts could benefit areas such as mortgages, clearing and settlement, KYC & bonds. How challenges with conceptual misalignment,....
Europe’s biggest insurer Allianz has stated it has successfully tested the use of smart contracts to improve natural disaster bond settlements. Allianz Cuts Cost with Smart Contracts. The news was announced following a partnership with Bermuda-based investment management firm Nephila Capital, which specializes in reinsurance risk and so-called....
PRESS RELEASE. Position Exchange’s Team is pleased to announce the launch of its new Decentralized Trading & Exchange Community driven platform. What is Position Exchange? Position Exchange is the new Decentralized Trading & Exchange platform, powered by a virtual Automated Market Maker (vAMM) and operating on Binance Smart Chain (BSC), aiming to bridge the gap between people and the cryptocurrency markets and enhance trading experiences. The platform is designed to deliver all the advantages of Decentralized Finance whilst bringing the traditional Centralized Finance experience and....
Cointelegraph explains what smart contracts are and how this blockchain-based technology changes the way transactions are made. Cointelegraph's Jackson DuMont tackles smart contracts in the latest episode of Cryptopedia. He explains how smart contracts work from the basics and provides examples of how they can be utilized in real-world scenarios. DuMont describes smart contracts as code within the blockchain that "execute when specific conditions are met." They are self-executing contracts built on blockchain technology and have the power to complete transactions without middlemen. As an....
On January 4, GM tweeted news of its collaboration with Lyft to create self-driving vehicles. This announcement came as the industry was awaiting Ford and Google to announce a partnership for self-driving vehicles this week. Both of these projects promise ripe grounds for smart contracts, blockchain-powered contracts that can tie IoT and vehicle finance together. Smart contract auto leases were among the first applications announced in 2015. Self-driving cars have to potential to be strong vehicles for smart contract technology. Auto finance contracts are particularly suited to smart....