Tag: BlockchainBased

HSBC Undertakes Blockchain-based Trade Finance Transacntion for Automotive Sector in the Middle East

Through the Contour platform, HSBC conducted a blockchain-based trade finance transaction between SAIC Motor, a Chinese car manufacturer and Taajeer Group, the exclusive agent for MG cars in Saudi Arabia.  With the help of blockchain technology, it would significantly increase the speed of dealing with paperwork. HSBC noted that by using distributed ledger technology has the potential to revamp the trade finance sector by slashing transaction times to less than 24 hours from the present five to ten days. Per the announcement: “The Contour platform enabled end-to-end digitisation of the…

Tencent receives patent for blockchain-based missing persons poster

According to local news outlet 36kr.com, Chinese technology conglomerate Tencent recently received a novel patent for a blockchain-based missing persons poster. The patent took nearly three years to be awarded from the date of its first submission in December 2019. The paten consists of a data generation request upon user submission that a person has gone missing. The proposal is then unveiled publicly on the blockchain for verification. Once a consensus has been reached regarding the request, it is then stored in the public ledger and forwarded to nodes for…

Rusk Media Raises $9.5m for Blockchain-Based UGC Gaming

Indian-based digital entertainment startup Rusk Media has pulled the sum of $9.5 million in a Series A extension funding round. The startup revealed that the funding round enjoined participation from existing investors InfoEdge Ventures (IEV), Mistry Ventures, and Survam Partners participating in the round. The funding round was led by Seoul-based DAOL Investment and Audacity Ventures. While not a traditional blockchain gaming startup, Rusk Media has plans to develop a user-generated content (UGC) social gaming platform using the new capital. Mega-firms like Roblox are currently popularizing the UGC gaming platform,…

Blockchain-Based Web 3.0 Platform Breaks Down Barriers for Creators

Everybody is talking about Web 3.0, but few can explain why it is so important for the digital economy of the future. Let’s dig into this matter using the content creator market as a case study. Currently, most content creators are trapped in Web 2.0 platforms that store their data on their own central servers. Consequently, these platforms essentially control this content and can arbitrarily decide whether to remove or demonetize it or block its creator completely. Furthermore, their search algorithms decide which content will be proposed to potential viewers,…

Microsoft Gives Grant To Blockchain-Based Web3 Game StarHeroes As Historic Partnership Gets Underway – Press release Bitcoin News

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press release PRESS RELEASE. In what many would agree is a groundbreaking achievement, StarHeroes recently obtained a Microsoft grant. As a result, the blockchain-based game now has access to Azure PlayFab, joining the legendary collection of games such as Forza Horizon, Sea of Thieves, and Tom Clancy’s Rainbow Six Siege. This grant is also indicative of the change in the attitude of major companies as an increasing number of institutional businesses, firms, and large-scale organizations have continuously expressed a fundamental interest in incorporating blockchain technology into their daily routines, services,…

Nakamoto Games’ NAKAVERSE to Redefine Blockchain-Based Gaming and GameFi for the Play-to-Earn Industry

Nakamoto Games, the world’s leading play-to-earn gaming ecosystem, has relentlessly continued the build-out of its platform and social communities while expanding its cross-platform integrations and user services as part of laying the groundwork for the NAKAVERSE – the $NAKA-powered metaverse of the future. Within six short months of going live on the mainnet, Nakamoto Games has exponentially grown its social presence, added almost two dozen blockchain-based play-to-earn gaming titles, and initiated research into a dollar-pegged stablecoin called $USP. The development team also has many new titles in the works, including…

Geopoly Launches Alpha Version Of Blockchain-Based Game – Press release Bitcoin News

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press release PRESS RELEASE. Geopoly has announced the launch of a blockchain-based alpha version of the game, which will be playable via desktops. This is a game in which players can interact with the blockchain along with their respective Geopoly non-fungible tokens while simultaneously enjoying the gameplay and earning an income at the same time. Moreover, NFT holders who are actively playing the desktop game are also entitled to receive $GEO tokens on a weekly basis as compensation for their time and efforts. In addition, Geopoly also has a mobile…

Blockchain-based solutions aim to address US disaster relief

Natural disasters in the United States are becoming more prevalent, resulting in increasing costs, a lack of transparency between state and government organizations and a slew of other issues impacting relief systems.  The Pew Research Center found that the Federal Emergency Management Agency’s (FEMA) public assistance program spent 23% more on natural disasters between 2010–2019 than it did during 2000–2009. Data from Climate.gov further shows that 2021 was the third costliest year in history for natural disasters in the U.S., totaling over $145 billion in damages from 20 weather-related incidents.…

Blockchain-based games see an uptick in users despite bear market conditions

Bear markets are always tough, but one of the positives is they clear the clutter and this allows legitimate projects to stand out.  While most investors are focused on the latest CeFi and DeFi scandal, the blockchain gaming sector has quietly weathered the storm better than other niches of the market. Total number of unique active wallets interacting with smart contracts. Source: DappRadar As shown on the chart above, all sectors of the market have experienced a noticeable decline in active users, but the gaming sector has proven to be…