Tagged: dlt

March 12, 2020 @ 2:39 pm By Omar Faridi  |  

Equity crowdfunding continues to fill the gap for startups looking to raise capital. Malaysia-based LuxTag, an anti-counterfeit, track and trace, and anti-theft solution provider, recently secured $360,000 in funding, with 51% of the capital denominated in Bitcoin (BTC) and NEM blockchain project’s native token, XEM. … Read More

March 9, 2020 @ 11:49 pm By Omar Faridi  |  

Boeing (NYSE:BA) has reportedly teamed up with Honeywell (NYSE:HON), a global aerospace conglomerate, in order to use its GoDirect platform to monitor and sell excess or unused airplane parts, worth around $1 billion, via blockchain or a distributed ledger technology (DLT)-enabled network. The partnership between… Read More

March 9, 2020 @ 9:57 am By Omar Faridi  |  

The International Chamber of Commerce (ICC) has introduced the Digital Trade Standards Initiative (DSI), which is a collaborative cross-industry project that will aim to develop standards and best practices for conducting digital trade. The ICC Digital Trade Standards Initiative will continue to build on the… Read More

March 8, 2020 @ 8:00 pm By Omar Faridi  |  

Tom Trowbridge, former president at Hedera Hashgraph and current president at Triterras, a blockchain-powered Fintech solution for the trade finance sector, recently shared his views and insights with Crowdfund Insider. Triterras was established in 2012 in order to meet the rising demand for commodities that… Read More

March 8, 2020 @ 2:19 pm By Omar Faridi  |  

GrainChain, a blockchain-powered agricultural solution developer, revealed on March 6, 2020, that it secured $8.2 million in funding from Medici Ventures, a subsidiary of retail firm Overstock (NASDAQ:OSTK).   GrainChain also received investments from Eden Block, a blockchain venture company, and several other investors.  GranChain’s investment… Read More

March 6, 2020 @ 3:41 pm By Omar Faridi  |  

Blockchain startup Arweave, a firm focused on enabling the permanent storage of Internet-based content, has secured $8.3 million in funding from giant VC firm Andreessen Horowitz, Coinbase Ventures, and Union Square Ventures.  Andreessen Horowitz and Union Square Ventures have also invested in the firm’s operations… Read More

March 5, 2020 @ 1:19 am By Omar Faridi  |  

Credorax, a Fintech bank and smart payments solution provider, has committed to a memorandum of understanding (MoU) with Samsung SDS Europe, a company focused on developing digital transformation solutions.  The two firms plan to create and bring to market Credorax’s automated distributed ledger technology (DLT)-enabled… Read More

March 4, 2020 @ 9:18 am By Omar Faridi  |  

China’s capital Beijing has revealed that the city’s tax department will introduce blockchain or distributed ledger technology (DLT)-powered invoicing. The new service was reportedly launched on  March 2, 2020. Officials in Beijing said they are planning to take advantage of DLT’s unique transparency, traceability and… Read More

March 4, 2020 @ 9:01 am By Omar Faridi  |  

Dubai International Finance Center (DIFC) and Mashreq Bank, the oldest privately-owned bank in the United Arab Emirates (UAE) with over $2.2 billion in annual revenue, are trying to encourage  other banks in the Middle East to take part in a blockchain-enabled know-your-customer (KYC) data sharing… Read More

March 2, 2020 @ 5:40 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) has released a 138-page report which examines the latest trends in payments and Fintech, including tokenized or digital securities, central bank digital currencies (CBDCs), international transactions, and peer-to-peer (P2P) platforms.   Hyun Song Shin, head of research at BIS noted… Read More

March 2, 2020 @ 7:40 am By Omar Faridi  |  

RippleNet, a distributed ledger tech (DLT)-enabled gross payments settlement network, allows banks and other financial institutions to securely perform cross-border transactions.  Developed by San Francisco-based Fintech Ripple, the decentralized RippleNet platform has been used to perform international transactions since 2012. The platform’s users might soon… Read More

March 2, 2020 @ 7:30 am By Omar Faridi  |  

The Dubai International Financial Center (DIFC) has committed to a memorandum of understanding (MOU) with Singapore’s Tribe Accelerator, a government-backed blockchain or distributed ledger technology (DLT) project accelerator. According to the terms of the MoU, the DIFC and Tribe Accelerator aim to work cooperatively on… Read More

March 1, 2020 @ 10:47 pm By Omar Faridi  |  

AVA Labs, an efficient and modular decentralized services platform, has acquired Investery Inc., a private capital markets platform, that aims to assist investors in managing alternative investments.  Investery’s current business partnerships will be transitioning over to AVA. John Wu, CEO and founder at Investery, and… Read More

February 28, 2020 @ 12:32 pm By Omar Faridi  |  

The US House of Representatives Committee on Small Business is planning to hold a hearing next week to discuss the impact of blockchain or distributed ledger technology’s (DLT) on the operations of small businesses. The hearing, referred to as “Building Blocks of Change: The Benefits… Read More

February 28, 2020 @ 7:18 am By Omar Faridi  |  

Malta-based digital asset exchange Binance has teamed up with Shyft Network, the developer of a public blockchain protocol, in order to ensure that it is complying with updated Financial Action Task Force (FATF) financial market regulations. The Shyft Network was developed to offer a decentralized… Read More

February 25, 2020 @ 7:58 am By Omar Faridi  |  

Over 3.1 billion digital currency transactions were conducted across more than 20 different blockchain-based platforms during the past decade, according to a firm that monitors the Ethereum transaction mempool.  The research, carried out by San Francisco-headquartered Blocknative, a company that provides real-time updates on blockchain… Read More

February 25, 2020 @ 7:28 am By Omar Faridi  |  

San Francisco-based crypto-asset exchange Coinbase claims that EOS, one of the largest blockchain platforms for building decentralized applications (dApps), is experiencing serious technical issues. Coinbase’s management released a status update on February 20, noting that the EOS network has “degraded performance.” It added that  “sends… Read More

February 24, 2020 @ 9:07 pm By Omar Faridi  |  

Adrienne O’Keeffe, associate VP of partnerships at the National Basketball Association (NBA), and Sophie Gage, counsel at the National Football League (NFL) Player’s Association, recently took part in a panel discussion during which they talked about the potential value of blockchain or distributed ledger tech… Read More

February 21, 2020 @ 8:00 pm By Omar Faridi  |  

New York-headquartered tech giant IBM’s Indonesia division has confirmed that the nation’s Directorate General of Customs and Excise has begun using the blockchain or distributed ledger technology (DLT)-enabled shipping platform, called TradeLens. This news has come after months of platform development, with the country’s Customs… Read More

February 21, 2020 @ 9:04 am By Omar Faridi  |  

Credit Suisse Asset Management’s Fintech growth equity division has acquired NorthPoint Technology, an asset management software and services company. The financial terms of the deal have not been shared publicly. Credit Suisse’s Next Investors group purchased NorthPoint’s software suite and technology consulting business from the… Read More