Longfin launches commercial ziddu smart contracts on Ethereum Blockchain; Shares +7% [Seeking Alpha]
LONGFIN CORP A (LFIN)
US:NASDAQ Investor Relations:
nasdaq.com/symbol/lfin/historical
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Source: Seeking Alpha
Longfin launches commercial ziddu smart contracts on Ethereum Blockchain; Shares +7%Longfin (LFIN+7.3%) has announced that its Ziddu Smart Contracts are commercially available on the Ethereum blockchain.Ziddu.com is an ERC 20 Ethereum-Blockchain-empowered Smart Contract provider, and it is currently the only marketplace for decentralized smart contracts.Ziddu Smart Contracts are available for Trade Finance and FX markets.Longfin is preparing to launch Smart Contracts for bullion financing by Q218.The company has subsequent plans to make the Contracts available for peer-to-peer lending, warehouse financing, structured products, and FX/OTC derivative segments.“It will take some time for the technology to develop to maturity and for the market to shake-out. In the meantime, Longfin has developed a high degree of interest and effort into the development of Smart Contracts. We see them as a critical component in distributed ledgers for pre-&-post settlements, and there is an opportunity in
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