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In about 2014, most bitcoin companies quickly pivoted to the “next big thing: ” blockchain. Among them were financing of the and fintech homes that were eager to avoid SEC scrutiny of their cryptocurrency sustains but were happy to use blockchain technology to accelerate its transaction times. Many of those early endeavours are now apparently carrying fruit.

MasterCard, for example, has just filed a patent for a “Method and System For Instantaneous Payment Using Recorded Guarantees.” This is, in short, a patent for a blockchain-like system that offers instant payment. It is not a clone, per se, but a patent that assumes that a blockchain-like ledger may be allowed storage and oversee international transactions instantly.

The patent describes 😛 TAGEND

A method for processing a guaranteed electronic transaction, includes: storing account profile, each include an account number and balance; receiving a transaction message from an acquiring finance institutions via a payment network, the message including a specific account number, transaction sum, and pay guarantee data; recognizing a specific account profile that includes the specific report number; withholding the transaction sum from the account balance in the specific report profile; making a record of payment guarantee that includes the transaction amount and data associated with the payment ensure data; generating a return message including a reaction code indicating transaction approval and data associated with the generated record; transmitting the generated record to a computing system via a communication network; and transmitting the generated return message to the acquiring financial institution via the payment network .

While the abstract itself doesn’t mention blockchain, MasterCard intends to use the technology in the process, describing a step in which “the payment guarantee data stored in the third data element included in the received transaction message includes at least a blockchain network identifier and( i) a public key or( ii) a destination address, the record of payment warranty is a blockchain transaction for pay of the transaction quantity stored in the second data item included in the received transaction message to( i) the destination address or( ii) a destination address associated with the public key, and the computing system is a node in a blockchain network corresponding to the blockchain network identifier.” That’s definitely a mouthful, but it basically means they’ll storage a record of the transaction in some immutable form.

MasterCard has explored blockchain tech before even as its CEO attacked bitcoin publicly. This tendency to cut the cryptocurrency out of a blockchain deliberation is not new and it’s not stopping any time soon. Whether it works, nonetheless, is a different question.

Read more: https :// techcrunch.com

Design by MVRDV
Photograph( c) Ossip van Duivenbode

Incredible’ Ocean of Books’ Library Opens in China with Space for 1.2 m Titles
MVRDV in collaboration with local architects TUPDI has completed the Tianjin Binhai Library, a 33,700 m2( 362,744 sq ft) culture centre featuring a luminous spherical auditorium around which floor-to-ceiling bookcases cascade. The undulating bookshelf is the buildinga

s main spatial machine, and is applied both to frame the space and to generate stairs, seat, the layered ceiling and even louvres on the faASSade. Tianjin Binhai Library was designed and building up a record-breaking time of only three years due to a tight schedule imposed by the local municipality. Next to many media rooms it offers space for 1.2 million volumes.[ source]

Design by MVRDV
Photograph( c) Ossip van Duivenbode

The library was commissioned by Tianjin Binhai Municipality and is located in the culture centre of Binhai district in Tianjin, a coastal metropolis outside Beijing, China. The library, located adjacent to a park, is one of a cluster of five cultural houses designed by an international cadre of designers including Bernard Tschumi Architects, Bing Thom Architects, HH Design and MVRDV. All buildings are connected by a public passageway underneath a glass canopy designed by GMP. Within the GMP masterplan MVRDV was given a strict volume within which all intend was concentrated.[ source]

Design by MVRDV
Photograph( c) Ossip van Duivenbode

The buildinga

s mass extrudes upwards from the site and is a

punctureda

by a spherical auditorium in the centre. Bookshelves are arrayed on either side of the realm and act as everything from stairs to seating, even continuing along the ceiling to create an illuminated topography. These contours likewise continue along the two full glass facades that connect the library to the park outside and the public passageway inside, serving as louvres to protect the interior against excessive sunlight whilst also creating a bright and evenly lit interior.[ source]

Design by MVRDV
Photograph( c) Ossip van Duivenbode

a

The Tianjin Binhai Library interior is almost cave-like, a continuous bookshelf. Not being able to touch the buildinga

s volume we a

rolleda

the ball shaped auditorium demanded by the summary into the building and the building simply made space for it, as a a

huga

between media and knowledgea

says Winy Maas, co-founder of MVRDV. a

We opened the building by creating a beautiful public space inside; a new urban living room is its centre. The bookshelves are great spaces to sit and at the same time allow for access to the upper floorings. The angles and curves are meant to stimulate different avail ourselves of the space, such as read, strolling, meet and discussing. Together they form the a

eyea

of private buildings: to see and be seen.a

[ source]

Design by MVRDV
Photograph( c) Ossip van Duivenbode

The five degree build also contains extensive educational facilities, arrayed along the edges of the interior and accessible through the main atrium space. Public program vote in favour of subterranean service spaces, volume storage, and a large archive. From the ground floor visitors is very easy to access reading areas for children and the elderly, the auditorium, the main admission, terraced access to the storeys above and connection to the culture complex. The first and second floorings consist primarily of read rooms, books and lounge areas whilst the upper floors also include meeting rooms, agencies, computer and audio chambers and two roof top terraces.[ source]

Design by MVRDV
Photograph( c) Ossip van Duivenbode

The library is MVRDVa

s most rapid fast track project to date. It took merely three years from the first sketch to the opening. Due to the given completion date website excavation immediately followed the design phase. The tight construction schedule forced one essential part of the notion to be dropped: access to the upper bookshelves from rooms placed behind the atrium. This change was induced locally and against MVRDVa

s advice and rendered access to the upper shelves currently impossible. The full vision for the library may be realised in the future, but until then perforated aluminium plates published to represent books on the upper shelves. Clean is done via ropes and movable scaffolding.[ source]

Design by MVRDV
Photograph( c) Ossip van Duivenbode

Tianjin Binhai Library was built in agreement with the Chinese Green Star energy efficiency label and has achieved two starring status. MVRDV collaborated with Tianjin Urban Planning and Design Institute( TUPDI ), structural engineers Sanjiang Steel Structure Design, TADI interior architects and Huayi Jianyuan illuminating designing. It is the second realised MVRDV project in Tianjin following TEDA Urban Fabric, completed in 2009.[ source]

Design by MVRDV
Photograph( c) Ossip van Duivenbode
Design by MVRDV
Photograph( c) Ossip van Duivenbode
Design by MVRDV
Photograph( c) Ossip van Duivenbode
Design by MVRDV
Photograph( c) Ossip van Duivenbode

Read more: http :// twistedsifter.com/ 2017/11/ tianjin-binhai-public-library-china-by-mvrdv /~ ATAGEND