Tagged: distributed ledger technology

Toronto-based Blockchain Firm Emerge to Provide DLT-enabled App to Help Track Coronavirus-related Activities in Latin America

A Canada-headquartered firm is using blockchain or distributed ledger technology (DLT) to deal with the Coronavirus (COVID-19) crisis in the Latin American region. Toronto-based blockchain firm Emerge has introduced a public safety system app, known as Civitas, in order to help local authorities in many… Read More

AI and Blockchain Firm Points Technology Acquires Millions of Dollars in Funding via Round with Contributions from K2 Ventures Partners

Points Technology, an artificial intelligence (AI) and blockchain-focused firm, has reportedly acquired millions of dollars in funding through a Series A round. K2 Venture Partners, a Chinese venture capital firm, made the investment. Points Technology’s management said that the funds raised will be used to… Read More

Hex Trust Is Now the First Licensed Crypto Asset Custodian in Hong Kong to Integrate with R3’s DLT-based Corda Platform

Hex Trust has reportedly become the very first licensed crypto-asset custodian in Hong Kong to integrate its services with R3’s Corda platform. The integration will allow the blockchain or distributed ledger technology (DLT) platform to be used by Hex Trust’s virtual asset custody solution. R3… Read More

Kenneth Bok: Head of Growth and Strategy at Zilliqa, a Major Blockchain Platform, Talks About Major Stablecoin Use Cases

Kenneth Bok, head of growth and strategy at Zilliqa, an established blockchain project that provides infrastucture to StraitsX, a stablecoin initiative introduced by the Fintech payments provider Xfers, recently shared his views and insights with Crowdfund Insider. Xfers is accredited by the Monetary Authority of… Read More

Detroit-based General Motors Files Patent Application for a Blockchain-based Navigation Map System that Regularly Updates Itself

Detroit-based General Motors (GM), a multinational corporation that manufactures vehicles and vehicle parts, and sells financial services, has filed a patent application for a navigation map system that regularly updates itself. The system will use blockchain or distributed ledger technology (DLT) to gather data from… Read More

Brazil’s Financial Regulators are Working on a Blockchain or DLT-enabled Data-Sharing Platform to Conduct Background Checks on Politicians and Corporations

Four of Brazil’s financial regulatory agencies are working cooperatively to create a blockchain or distributed ledger technology (DLT)-enabled data-sharing platform, which will conduct background checks on the nation’s political representatives and private corporations. The platform, called PIER, was reportedly created by the country’s reserve bank,… Read More

Proof of Stake Blockchain Algorand Releases Survey to Gather Information on Status, Spread, and Symptoms of Coronavirus

Algorand (ALGO), a proof-of-stake (PoS)-based blockchain network, has released a global survey which will be used to compile information into a database. The survey will collect information on the current status, spread, and symptoms of the coronavirus (COVID-19). On March 27, 2020, Algorand’s developers noted… Read More

COVID-19 Prevention Campaign: IT Firms in the Netherlands Launch “Tech Against Corona” Project, Leverages DLT

A group of companies based in the Netherlands have introduced the “Tech against Corona” project. Firms taking part in the initiative will provide the latest technology and expertise to the Dutch government so that it may be used to combat the coronavirus (COVID-19) outbreak. Tymlez,… Read More

San Francisco-based Crypto Exchange Kraken to Hire 67 New Staff Members, Despite Economic Uncertainty Due to Coronavirus

Trillions of dollars have been injected into the world’s financial markets in order to stabilize the global economy, following the deadly coronavirus (COVID-19) outbreak. The United States recently reached the highest unemployment rate in its entire history. Even during these times of uncertainty, US crypto… Read More

China Might Not be Prepared to Launch its Blockchain Service Network Next Month (as Planned), Due to Coronavirus Outbreak

Several reports from media outlets have claimed that China’s Blockchain Service Network will be introduced next month. However, these reports seem to be coming from local sources, which made the announcements before China’s first fatality due to the coronavirus (COVID-19). In October of last year,… Read More

University of Malta Students who are Enrolled in Masters in Blockchain Program are Now Voting for Student Representatives Using a Decentralized Application (dApp)

A decentralized application (dApp) created at the University of Malta is helping Master students in Blockchain and Distributed Ledger Technologies to cast their votes for student representatives, for the very first time, using blockchain or distributed ledger tech (DLT). Dr. Joshua Ellul, director at the… Read More

Compliant Digital Securities Platform Securitize Says it’s Well-Positioned to Deal with Coronavirus Outbreak

Securitize, a platform for the issuance and management of compliant, blockchain-based digital securities, has noted that it wants to reassure the Securitize community that it is “well-positioned to weather these challenging conditions with nominal disruption.” Securitize’s statements have come in response to the deadly coronavirus… Read More

Citi Increases Equity Stake in komgo, an Ethereum-powered Enterprise Blockchain Platform for Trade Financing

New York-based Citi, an American multinational investment bank and financial services corporation with over $1.9 trillion in total assets, has reportedly increased its equity stake in komgo, a company that’s developing an Ethereum (ETH)-powered enterprise blockchain platform for trade financing. Citi confirmed that it began… Read More

Sold Out: High-throughput Blockchain Project Solana Secures $1.76 Million in Funding via Offering on CoinList

Solana, a high-throughput distributed ledger technology (DLT)-based platform that’s reportedly handling between 50,000-65,000 transactions per second, has secured $1.76 million in funding through its launch auction on CoinList, a compliant platform for crypto asset firms to conduct their token sales. Solana has now raised a… Read More

US Department of Homeland Security Says Blockchain Managers Working in Food Distribution are Essential “Critical Infrastructure Workers” During Coronavirus Outbreak

Certain Financial Services Workers Critical as Well The US Department of Homeland Security, a cabinet department of the US federal government tasked with maintaining public security (somewhat comparable to the interior ministries of other nations), has notably included “blockchain managers” in food and agriculture distribution… Read More

South Korean Government to Contribute Up to $3.2 Million to Develop Local Blockchain and DLT Projects

Government agencies in South Korea have announced their plans to support the nation’s blockchain or distributed ledger tech (DLT) sector. They will reportedly contribute up to $3.2 million in capital to local firms to help integrate the technology into various platforms. The South Korean Ministry… Read More

Major Blockchain Platform Cardano’s Development Going as Planned, Despite Coronavirus Pandemic, Founder Charles Hoskinson Claims

Cardano (ADA), a proof-of-stake (PoS)-based blockchain network with a market cap of around $680 million (at the time of writing), is working on developing its commercial infrastructure. Cardano’s developers have reassured the cryptocurrency’s investors and other community members and stakeholders that development is still on… Read More

Fintech: An Increasing Number of UK Financial Technology Firms are Establishing Operations in Doha, Qatar

An increasing number of UK Fintech firms are establishing operations in Doha, the capital city of the Middle Eastern country of Qatar. Financial technology companies are setting up their businesses in the country after it introduced progressive investment laws and regulations, according to an official… Read More

Cornell Professor Emin Gün Sirer’s AVA Network Developers Release Code for Blockchain Platform

The codebase of the AVA blockchain, a platform that aims to democratize capital markets while bridging or connecting all distributed ledger technology (DLT) platforms together into a single interoperable ecosystem, has been officially released to the global community. As mentioned in a press release shared… Read More

People’s Bank of China Acquires $4.7 Million in Funding to Further Develop Blockchain-based Trade Finance Platform

The People’s Bank of China (PBoC) has reportedly acquired 32.35 million RMB (appr. $4.7 million) in special funding in order to finance the ongoing development of its blockchain or distributed ledger technology (DLT)-enabled trade finance platform. The funding, which will be gradually injected during a… Read More

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