Omni – A Platform for Utilizing the Bitcoin Blockchain for Diverse Transactions such as Issuing Bonds
Bitcoin.com’s latest podcast features the fintech and blockchain pioneer Patrick Dugan of the Omni Foundation. Omni Wallet is a platform that can send and receive bitcoin, Omni tokens, and a wide variety of digital assets. Speaking with Bitcoin.com back in November, Dugan believes Omni is at a point where “the foundational technology could stand on its own as a public utility.”
In essence, Omni believes the protocol layer built over the Bitcoin blockchain “allows you to generate, send, trade, redeem, pay dividends to and make bets with tokens representing any kind of assets,” according to Dugan.
Dugan also explains during the podcast how he is working with the Armenian government to issue corporate bonds using smart contracts via the blockchain. The Omni Foundation Liquid Ops member believes this will help fuel digital asset trading worldwide.
“It’s time that people had a savings option like bearer bonds,” Dugan told Bitcoin.com.
Our readers at Bitcoin.com can listen to, or download, the latest podcast episode here.
What do you think about the Omni Foundation? Let us know in the comments below.
Microsoft Office users can now create immutable documents with help from the Bitcoin blockchain. On April 10 a blockchain document certification and verification application called Stampery was added to the multinational tech giant’s Microsoft Office program.
Microsoft Office Add-on is a Bitcoin Blockchain Certification Feature
Microsoft has shown support for Bitcoin-related applications for quite some time. Now a company engineer, Ville Rantala has announced the implementation of the Stampery blockchain add-in for it’s Microsoft Office suite. Essentially users can certify and verify documents using either the Bitcoin or Ethereum blockchain. Microsoft’s engineer believes enterprise organizations and individuals need to record and secure important documents every day. Immutable certification and verification are crucial to the integrity of legal documents and contracts that cannot be manipulated, Rantala details.
“An alternative to relying on a single entity (commercial, public, government, etc.) to keep such proof of identity safe is to create a hash of the document and send that hash to the publicly accessible blockchain, such as Bitcoin,” Microsoft’s Senior Engineer Rantala explains. “Once the hash data is present on the public blockchain, the document can’t be changed without invalidating the hash. This approach guarantees both the document’s privacy and the data’s availability for future validation purposes.”
Blockchain Certification and Verification Without Leaving the Office Program
Microsoft’s Rantala says they utilized a secure API to introduce the Stampery add-in to Microsoft Office and Outlook without leaving the program. This means the add-in blockchain certification and verification buttons can be found in the software’s toolbar. The engineer’s blog post details how the process works within the platform’s user interface;
A Notary Solution for Individuals and Enterprise Customers
Rantala believes adding Stampery to the Office platform will enable users to employ a more secure method of document storage. Furthermore, the tech company’s engineer thinks enterprise customers will find the feature very useful as the application can ensure the validity of important business documentation. Created in 1988 Microsoft Office is one of the most popular word processing software suites utilized in office and business settings worldwide.
The code for the Stampery Office add-in is open source, and the protocol can be reviewed on Github. “Users should be able to see that documents sent to them are signed or stamped, then verified or notarized,” explains Rantala.
What do you think about the Microsoft add-on blockchain tool Stampery to the company’s Office suite? Let us know in the comments below.
Images courtesy of Shutterstock, and Microsoft’s ‘Real Life Code’ blog.
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