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Binance joins Neo Council, 2.1 million NEO used to secure two Top 21 positions

Binance Staking has secured two positions on the Neo Council. At the time of press, Binance has voted with approximately 2.1 million NEO to secure its places in the Top 21. Binance is the world's largest custodial exchange with nearly US $9.07 billion in 24-hour volume, according to CoinCap.io. Binance Staking is a service that allows users to earn distributions offered on proof-of-stake or other networks that distribute rewards to participants. The platform provides two types of staking: flexible and locked. Flexible staking offers fewer rewards but allows users to move the underlying assets at any time. Locked staking requires users to deposit a token for a specific time frame but provides higher yields. For example, a minimum of 0.01 NEO locked for 15, 30, 60, or 120 days will earn increasing yields of 5.79%, 7.49%, 8.79%, and 13.56% (made in GAS distributions), respectively. In the announcement post, Neo Global Development said "Binance Staking's new membership in the ...
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Dubai Plans Digital Passports Using Blockchain Tech



The Dubai government has partnered with UK startup ObjectTech to bring blockchain-based security to the emirate's airport.

ObjectTech said this week that it is working with the Dubai Immigration and Visas Department to develop digital passports that can potentially eliminate manual checks at Dubai International airport.

According to the startup, the system combines biometric verification and blockchain technology, and will use a "pre-approved and entirely digitized passport" to authorize passengers' entrance into the country. The system will further verify individuals through a three-dimensional scan via a short tunnel as they walk from the aircraft to claim their baggage.

Using blockchain technology, the startup said the digitized passport will incorporate a feature called 'self-sovereign identity' for privacy protection, which it claims allows passengers to control which parties can view their passport information.

Paul Ferris, co-founder and CEO of ObjectTech, said in a blog post that the aim is to make the border process quicker and safer for international travelers, and also give passengers full control of their digital data. A pilot program is anticipated to be ready by 2020, although a detailed project timeline remains unclear.

In the post, the initiative was framed as one part of the Dubai government's commitment to stay 10 years ahead of the rest of the world in public services.

As part of that ambitious process, the Dubai government has concluded the second round of Dubai Future Accelerators program, with 28 innovative startups signing up to work on projects with the authority. The collaborations mainly cover public sectors such as healthcare, education and utilities.

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