Tagged: distributed ledger technology

February 17, 2020 @ 8:27 am By Omar Faridi  |  

Dubai Multi Commodities Center (DMCC), an organization formed in 2002 by Dubai’s government to offer physical, market and financial infrastructure needed to establish a hub for global commodities trade, has committed to strategic membership agreement with Al Khaleej Sugar and Universa Blockchain.  According to the… Read More

February 15, 2020 @ 5:01 pm By Omar Faridi  |  

Blockstack PBC confirmed on January 29, 2020 that it has successfully completed its “Milestone II,” which reportedly unlocked $6.8 million in funding from its token offering (ICO), conducted in 2017. The Blockstack project developers claim they’ve now onboarded 1 million verified users, which is a… Read More

February 15, 2020 @ 9:21 am By Omar Faridi  |  

Input Output Hong Kong (IOHK), the main software firm behind the development of Cardano (ADA), one of the largest platforms for deploying decentralized applications in terms of market cap, confirmed on February 14, 2020 that it had donated $500,000 in ADA tokens to support the… Read More

February 14, 2020 @ 6:32 am By Omar Faridi  |  

The US Depository Trust and Clearing Corporation (DTCC), a major post-trade financial services firm offering clearing and settlement services to large capital markets, is considering establishing an industry consortium to formulate a joint strategy for dealing with security risks in the implementation of blockchain or… Read More

February 12, 2020 @ 2:58 pm By Omar Faridi  |  

Lending firm Figure Technologies is betting on an animated character, called “Blockchain,” which the firm is hoping will allow it to become more competitive against large financial institutions which currently control most of the businesses that the startup is planning to transform. As explained via… Read More

February 11, 2020 @ 2:03 am By Omar Faridi  |  

Michigan-based Neogen Corporation, a multinational food safety firm that offers test kits and various products to identify dangerous substances in food items, will be working with food industry blockchain firm Ripe Technology to track products on supply chains. Neogen and Ripe Technology aim to use… Read More

February 9, 2020 @ 1:28 pm By Omar Faridi  |  

​The ​​US Department of Education is backing the nation’s higher education association’s research efforts into and tests of emerging blockchain or distributed ledger technologies (DLT). The American Council on Education confirmed on February 6 that it has acquired funding from the US Department of Education,… Read More

February 9, 2020 @ 3:03 am By Omar Faridi  |  

Hedera Hashgraph, an enterprise-grade, public distributed ledger technology (DLT) platform, recently confirmed a strategic partnership with Armanino LLP, one of the largest accounting and business consulting companies in the United States. As noted in a press release shared with Crowdfund Insider, the partnership will allow… Read More

February 7, 2020 @ 5:09 pm By Omar Faridi  |  

The Pohang University of Science and Technology (POSTECH) in South Korea is planning to issue diplomas and certificates that are stored and managed on a blockchain-based platform. Due to the current coronavirus threat, the Korean university thinks it’s not safe anymore for students to get… Read More

February 5, 2020 @ 10:19 pm By Omar Faridi  |  

The United Arab Emirates’s (UAE) Ministry of Health and Prevention (MoHAP) has teamed up with the nation’s Ministry of Presidential Affairs, Dubai Healthcare City and several other local government agencies in order to launch a blockchain-enabled health data storage platform. The Emirates News Agency reported… Read More

February 5, 2020 @ 2:48 pm By Omar Faridi  |  

Blockchain-enabled supply chain and trade finance firm Envoy Group is reportedly planning to expand its operations beyond Latin America. This, after recently acquiring $13 million in funding from Alcedo Digital Ventures. Developed on R3’s Corda platform, Envoy aims to enhance the existing $17 trillion annual… Read More

February 4, 2020 @ 8:18 am By Omar Faridi  |  

Enterprise-grade distributed ledger tech (DLT) platform Insolar is launching its own main network (mainnet), while introducing its native Insolar Coin (XNS), in order to replace its previously used Ethereum-based digital token INS. Following the successful trial period of its testnet last year, Insolar has introduced… Read More

February 3, 2020 @ 8:07 am By Omar Faridi  |  

Denis Pitcher, Chief Fintech advisor to the Premier of Bermuda, confirmed recently that the island country’s government has been focusing on encouraging blockchain and crypto adoption. Bermuda aims to enable greater financial inclusion with its national virtual currency in an area where residents are reportedly… Read More

January 31, 2020 @ 8:07 am By Omar Faridi  |  

The Hyperledger Foundation has introduced the second software release of its open-source distributed ledger technology (DLT) platform, known as Hyperledger Fabric. The software has a wide range of potential applications but mainly focuses on enterprise blockchain development for large businesses. The foundation’s second release comes… Read More

January 31, 2020 @ 5:59 am By Omar Faridi  |  

Baton Systems, an established developer of “blockchain-inspired” bank-to-bank payments software and infrastructure for linking multiple different ledgers, has reportedly secured $12 million in capital, which now includes an additional $4 million from VC Illuminate Financial. Illuminate has joined other existing investors including Trinity Ventures, Alsop… Read More

January 29, 2020 @ 8:07 am By Omar Faridi  |  

The Israeli Securities Authority (ISA) has reportedly issued a Request For Information in order to identify regulatory policies that could hinder the ongoing development of distributed ledger technology (DLT)-focused projects in Israel. The country’s regulator is also planning to look closely into the potential use… Read More

January 29, 2020 @ 5:01 am By Omar Faridi  |  

Belgium-headquartered SettleMint, an enterprise blockchain firm, has reportedly secured €1.9 million (appr. $2.04 million) through a new investment round. KPN Ventures and Medici Ventures took part in the firm’s latest funding, SettleMint’s management confirmed on January 28. Following the capital injection, the company is planning… Read More

January 29, 2020 @ 2:48 am By Omar Faridi  |  

The venture capital division of the most profitable firm in the world, Saudi Aramco, has reportedly invested $5 million in a blockchain-enabled oil trading platform, called Vakt. Vakt’s management confirmed the news on January 28, noting that Saudi Aramco Energy Ventures is now among its… Read More

January 29, 2020 @ 2:18 am By Omar Faridi  |  

Urgent action is required in order to address a serious skills and talent shortage in the United Kingdom’s financial services sector, an independent review commissioned by HM Revenue has revealed. The review has issued a warning to industry participants stating that the UK’s financial sector… Read More

January 26, 2020 @ 4:16 pm By Omar Faridi  |  

Covantis, a blockchain-focused project backed by multinational agri-business companies such as Cargill, has reportedly chosen ConsenSys, a Brooklyn, New York-based Ethereum development studio, as its technology partner. Through Convantis’ partnership with ConsenSys, the Ethereum-based software developer will create a blockchain-powered platform to fully digitize the… Read More