Tagged: dlt

Andreessen Horowitz Secures Over Half a Billion Dollars for its Second Digital Asset Fund

Giant venture capital firm Andreessen Horowitz (a16z) has finalized its second crypto asset fund which is valued at over half a billion dollars. Established in 2009 by Marc Andreessen and Ben Horowitz in 2009, the VC firm confirmed the news on April 30, 2020. The… Read More

American Fintech Ripple’s On Demand Liquidity Payments Network Triples Transaction Volume in Q1 2020: Report

American Fintech Ripple’s On-Demand Liquidity (ODL) payments network has reportedly managed to triple its transaction volumes during Q1 2020. San Francisco-based Ripple’s XRP Markets Report confirms that the dollar value transacted using the company’s ODL service grew by over 294%, which may be a positive… Read More

Shenzhen-based Tencent Holdings Launches Blockchain Accelerator, will Coach 30 DLT Startups

Tencent Holdings Ltd., a Chinese multinational conglomerate holding company whose subsidiaries offer various Internet-related products and services, has introduced a blockchain accelerator program. Tencent, which is among the world’s most valuable companies and also one of the largest VC firms and investment corporations, says it… Read More

Blockchain Firm Bison Trails Adds Support for Keep Network, a Privacy Protection Layer for Ethereum (ETH)

Bison Trails, a blockchain “infrastructure-as-a-service” company, recently confirmed that it has added support for Keep Network, which serves as a privacy protection layer for Ethereum (ETH). Keep Network aims to address the challenges involved with allowing private and secure data to be used on a… Read More

US Department of Transportation Reveals Plans to Use Blockchain Tech to Improve Commercial Drone Industry Processes

The US Department of Transportation recently revealed its plans to use blockchain or distributed ledger technology (DLT) when working with drones. The agency, which is a federal Cabinet department of the US government concerned with transportation (established by an act of Congress on October 15,… Read More

Decentralized Cloud Network Storj to Offer Five Pentabytes of Data Storage to Organizations Conducting Research Related to Fighting COVID-19

Storj, a decentralized data storage network, has introduced a program that offers free cloud storage space to organizations taking part in Coronavirus (COVID-19) research. Storj’s program has been launched after contributions were made by blockchain industry participants toward the decentralized scientific research network, Folding@Home. The… Read More

California-based Dole Food Company to Integrate Distributed Ledger Tech for Managing Supply Chain Processes

California-based Dole Food Company, an agricultural multinational corporation, has introduced a five-year plan to integrate blockchain or distributed ledger technology (DLT) for managing supply chain processes. Dole Food Company is the largest producer of fruits and vegetables in the world. The agribusiness company generated over… Read More

Rajashekara Visweswara Maiya: VP and Head of Business Consulting at Finacle Explains How Fintech Firm Helps Businesses with Digital Transformation Processes

Rajashekara Visweswara Maiya, vice president and head of business consulting, cloud and blockchain efforts at Finacle, the developer of a financial software system used by large banks across the globe (serving over 1 billion people), recently shared his views and insights with Crowdfund Insider. Finacle… Read More

Israeli Blockchain Firm Orbs Launches “Stay at Home Challenge” App to Encourage People to Self-Quarantine Following COVID-19 Outbreak

Crypto and blockchain or distributed ledger tech (DLT) firms have been developing solutions to help people cope with the deadly Coronavirus (COVID-19) outbreak. Several crypto and Fintech firms and organizations have launched charitable initiatives in order to provide financial relief and other types of assistance… Read More

Coupon Bureau, an Industry-Managed Data Exchange Tech Provider, to Use Hedera Hashgraph Service to Maintain Tamper-Proof Log for Coupon Events

The Coupon Bureau (TCB), a non-profit, industry managed coupon data exchange technology provider, will be using the Hedera Hashgraph Service, developed by Hedera Hashgraph, a decentralized public network, in order to provide a real-time, “tamper-proof” log for all coupon events that take place on its… Read More

UK-based Applied Blockchain, an Enterprise DLT Solutions Provider, Secures £2 Million in Capital via Round led by QBN Capital

UK-based Applied Blockchain, an enterprise-grade blockchain or distributed ledger tech (DLT) solutions provider, has secured £2 million (appr. $2.5 million) in capital through a new funding round. The company’s investment round was led by QBN Capital, a Hong Kong-headquartered venture capital company. Applied Blockchain’s management… Read More

Blockchain Adoption: Nearly All of China’s Largest Financial Institutions are Using Distributed Ledger Technology

Over 70 Chinese financial services companies, including all state-managed banking institutions and the nation’s largest technology firms, are currently using some type of blockchain or distributed ledger technology (DLT)-enabled financial applications. This, according to the Industrial and Commercial Bank of China (ICBC), a multinational Chinese… Read More

Nonprofit Organization Heifer International Joins Libra Association, Says Project Could Help Low-Income Farmers

Heifer International, a nonprofit entity that aims to address issues related to global hunger and poverty, is the most recent organization to join the Facebook-led Libra Association. Heifer claims that the Libra stablecoin and payment system (under development) could help low-income farmers gain access to… Read More

Exit Scam? Developers of EOS Ecosystem, a Digital Wallet App, Might Have Run Away with $52 Million After Platform Shuts Down

EOS Ecosystem, a digital wallet app that claims to offer high returns to users who deposit EOS tokens on its platform, has reportedly shut down its software. The developers of EOS Ecosystem seem to have run away with around $52 million worth of user funds…. Read More

Filecoin, a Decentralized Storage Network, Delays Project Launch Again After Reviewing Recent Code Security Audit Results

Filecoin, a highly-anticipated decentralized storage network (under development), announced that there will be more delays before its mainnet can be officially launched. Filecoin’s developers have postponed the release date for their mainnet to between late July and late August 2020. As mentioned in a recent… Read More

Digital Asset Custodian Curv Partners Crypto Garage to Offer Guaranteed Settlement for Cryptocurrency Transactions

Curv, a company that provides crypto asset custody services to institutional investors, has established a business office in the Asia-Pacific (APAC) area. The office has been set up through a partnership with Crypto Garage, a firm that offers various financial instruments based on Bitcoin (BTC)… Read More

Block.one’s Voice, a Blockchain-based Social Media Network, is Looking to Hire

Voice, a blockchain-based social media network being developed by Block.one, a leading distributed ledger technology (DLT) software developer, is planning to hire several technical professionals. Voice, which was announced in mid-2019 by Brendan Blumer, the CEO at Block.one, a Cayman Islands-registered firm that also developed… Read More

South Korean Government Says Blockchain Represents a “Golden Opportunity” for $1.6 Trillion Economy

South Korea’s government has argued that the blockchain or distributed ledger technology (DLT) sector represents a “golden opportunity” for the $1.6 trillion economy. The nation’s authorities are calling on private sector firms to take advantage of the potential of DLT-based platforms. As reported by local… Read More

COVID-19 Prevention: Baseline Protocol Developers Propose Blockchain-enabled Coronavirus Contact Tracing Solution

The developers of Baseline, an enterprise-grade smart contract and tokenization platform created by Microsoft, Ernst & Young (EY), and Ethereum development studio ConsenSys, aim to solve a number of flaws reportedly found in Apple and Google’s proposal for Coronavirus (COVID-19) tracking projects. Google and Apple… Read More

Binance Is Planning to Develop an Ethereum (ETH) Compatible Blockchain, called Binance Smart Chain

Leading digital currency exchange Binance is planning to launch an Ethereum (ETH) network compatible blockchain. The new distributed ledger technology (DLT) platform will use the exchange’s native BNB native token as a base currency. Referred to as “Binance Smart Chain” (BSC), the new DLT-enabled network… Read More

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