Category: Blockchain

Jelurida and Aumenta Solutions Develop Blockchain-based Maintenance System for Ports

Jelurida, a company that specializes in the provision of blockchain solutions, has formed a partnership with the augmented reality (AR) company Aumenta Solutions in order to create a whole new maintenance system for port facilities. Increasing the real-time traceability of maintenance activities is the goal of this technology, which blends blockchain certification with augmented reality (AR). The team at Aumenta Solutions has experience working on projects similar to this one in the past. In the year 2020, the company worked on a system quite similar to this one in conjunction…

Vulcan Blockchain Founder Bryan Legend Ushers In a New Era of DeFi With ‘#BARS’ – Blockchain News, Opinion, TV and Jobs

Cryptocurrency entrepreneur and visionary Bryan Legend is perhaps most noted for being the co-founder of OOXY Labs, which has a decade of experience in the blockchain and crypto space and is helping to innovate the future of decentralized finance technology.  Now, he’s catapulting the space to the next level, blockchain automatic revenue sharing — aka BARS, a term Legend recently coined. It describes a new, pioneering type of auto-staking function that gives users access to multiple streams of passive income via the Vulcan platform, and Bryan Legend is hopeful it…

11 tips for companies considering blockchain to manage logistics

Supply chain reliability and efficiency are always a concern for product-based businesses, but their importance was spotlighted recently as multiple industries struggled both with obtaining needed materials and keeping their products continually available on store shelves. Companies looking for streamlined, easy-to-manage and safe solutions may be considering blockchain as an option. While blockchain technology can be an impactful tool for many applications — including, in some cases, logistics and distribution — it’s not necessarily the best tool for certain industries. Below, 11 members of Cointelegraph Innovation Circle share their tips…

Europe and Asia — not the US — will lead in blockchain

The US Government is putting the squeeze on crypto. Recently they shut down two banks that were friendly to crypto and acting as bridges between trading exchanges and the real world. These were Silvergate and Signature Bank of NY. These closures follow some events that might appear coordinated to some people. This includes the shuttering of the Paxos BUSD stablecoin and the NY lawsuit against Kucoin and Ethereum. One can think that these are coincidental actions against crypto, but some feel that it is similar to Operation Chokepoint — but…

The future of enterprise blockchain is multi-chain

Blockchain interoperability — the interconnecting of multiple networks to allow data and value to flow seamlessly — is often envisioned in the context of consumer applications. Think DEXs adding support for numerous EVM networks, or blockchain bridges linking to the next trendy DeFi ecosystem. But interoperability has far broader ramifications than allowing traders to jump chains on a whim. In fact, one of the greatest beneficiaries of the maturation of multi-chain interoperability will be enterprises. As enterprise solutions grow across industries, the need to engage with multiple chains rather than…

Global Shipping Business Network (GSBN) Bullish on Blockchain

Blockchain technology has had a rocky start in the logistics industry, with Danish logistics firm Maersk terminating its blockchain-based supply chain platform last year. However, Hong Kong-based Global Shipping Business Network (GSBN) has not given up on blockchain applications in global trade. In fact, the nonprofit consortium sees blockchain as a crucial logistics tool in the long term. GSBN currently operates one of the world’s largest platforms that can be described as an alternative to Maersk’s TradeLens tool, according to a report by the South China Morning Post. The platform…

Bitget Launches Web3 Fund | Blockchain News

Bitget, a cryptocurrency exchange, has established a Web3 Fund to provide financial assistance to venture capital businesses and projects all over the globe that are Web3-friendly. The exchange will give priority to Asian initiatives that are headed by competent teams and have clear roadmaps, with an emphasis on finding solutions to challenges that exist in the real world. Gracy Chen, managing director of Bitget, has underlined the exchange’s dedication to make Web3 a worldwide phenomenon, just like Web2 was. Web2 was a sensation that spanned the whole globe. The objective…

FTX Control Failures | Blockchain News

FTX, a multi-billion dollar cryptocurrency company, has faced control failures due to inadequate financial and accounting controls, an inadequate group management structure, and the use of software not suitable for large companies, according to CEO John Ray III. In a court filing in April 2021, Ray gave a detailed account of the deficiencies that his restructuring team had identified at FTX. Ray noted that FTX relied on a hodgepodge of Google documents, Slack communications, shared drives, and Excel spreadsheets to manage its assets and liabilities. The company used QuickBooks for…

Conflux to Deploy Uniswap v3 on Its Blockchain

Conflux, a regulatory-compliant public blockchain based in China, is looking to deploy Uniswap v3 on its network. This move is aimed at offering millions of potential new users access to the popular decentralized exchange, especially in China and Asian markets. According to Conflux, the network experienced a surge in traffic in the first quarter of 2023, and the deployment of Uniswap v3 would be an important milestone in the platform’s development. The deployment of Uniswap v3 on Conflux would also provide incentives for projects building on top of the platform.…

Polygon Emerges as Second-Largest Blockchain Gaming Network

Polygon has emerged as the second-largest blockchain gaming network in terms of unique active wallets (UAWs), thanks to a surge in user activity in March. According to the “Blockchain Games Report” by DappRadar, the number of UAWs engaging with games on Polygon hit 138,081 in March, a 53% increase from February. This places Polygon ahead of third and fourth-ranked Hive and BNB Chain, with 84,000 and 80,000 UAWs respectively. The first-placed Wax is well ahead of the pack with 314,000 UAWs. Polygon, previously known for DeFi DApps, has now gained…