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US lawmakers press Meta over crypto and blockchain plans

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The United States House Financial Services Committee is putting pressure on Meta to open up about any blockchain or crypto-related plans it may have — given a total of five cryptocurrency and blockchain-related trademark applications still active from 2022.

Committee ranking member Maxine Waters stated in a Jan. 22 letter to Meta founder and CEO Mark Zuckerberg and operating chief Javier Olivan that the trademark applications— all filed on March 18, 2022 — “appear to represent a continued intention to expand the company’s involvement in the digital assets ecosystem.”

Waters said the applications show Meta is working on digital assets despite Meta telling Democratic Financial Services Committee staff on Oct. 12, 2023, “that there is no ongoing digital assets work at Meta.”

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Meta abandoned plans for its payments crypto stablecoin Diem (formerly Libra) in mid-2019 due to pressure from lawmakers. It sold Diem for $200 million in January 2022 to the now-collapsed Silvergate Bank.

Meta’s mid-2019 plan to release a digital wallet, Novi (formerly Calibra), by 2020 similarly fizzled out with no indication of a new release date.

 

Image Source: Cointelegraph

 

The trademark filings denote various services for crypto and “blockchain assets” trading, exchange, payments, transfers, wallets and the associated hardware and software infrastructure.

A Notice of Allowance (NOA) for each filing — a document saying the application meets registration requirements — has been sent to Meta, who, within six months, must file either a statement that it will use the trademark or request a six-month extension to file the statement.

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Meta has until Feb. 15 at the earliest to respond to the first NOA sent on Aug. 15, 2023. The latest NOA was sent on Jan. 16, meaning it has until July 16 to respond.

Waters asked Meta how it will respond to the NOAs, if it intends to pursue any Web3, crypto or digital wallet projects along and if it’s launching a crypto payments platform.

She also queried the extent of Meta’s research into stablecoins or partnerships with stablecoin projects, if it’s looking to adopt distributed ledger technology (DLT) and how its technology might allow crypto-related functions in its metaverse.

Meta did not immediately respond to a request for comment.

 

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Source: Cointelegraph

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UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

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Libfx.com Announces Vision to Build a World-Class Financial Platform

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