Tag: BlockchainBased

Volkswagen’s Skoda DigiLab Collaborates with Microsoft for Blockchain-Based Business Solutions

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Skoda DigiLab, an innovation hub under the Skoda Auto Volkswagen group, has partnered with Microsoft and Lumos Labs to create innovative blockchain-based business solutions. Tackling business challenges with blockchain Through the strategic partnership, Skoda Auto DigiLab India will be the first original equipment manufacturer (OEM) for the Microsoft Century Program, an enterprise blockchain startup platform to unearth, curate, and evangelize 100 best enterprise-ready blockchain solutions for industry-specific use cases. As per the announcement: “The program intends to identify and solve real-time business challenges and blockchain use cases faced across…

Auto Giants Consortium MOBI Reveals First Blockchain-based EVGI Standard

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The Mobility Open Blockchain Initiative (MOBI)—a consortium backed by Honda, General Motors Company and IBM amongst others—has launched a blockchain-based standard for Electric Vehicle Grid Integration (EVGI). The Need For a Standard In The Electric Vehicle Industry With the rapid transformation of mother earth owing to climate change implications, several companies following government regulations have resorted to the development of unique frameworks to alter their processes to adhere to sustainability guidelines. This move prompted players in the automotive industry to develop electric-based vehicles to solve the problem of carbon emissions.…

KPMG Unveils Blockchain-Based Climate Accounting Tool To Help Drive Environmental Sustainability

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Multinational professional services firm and one of the Big four auditing firms, KPMG is set to offer a blockchain-based tool dubbed the Climate Accounting Infrastructure (CAI) to help organizations more accurately measure, mitigate, report, and offset their greenhouse gas emissions. Per the official KPMG announcement, the patent-pending Climate Accounting Infrastructure will be able to analyze climate risks associated with asset valuations and help organizations better assess and employ systems to offset their emissions. The CAI as noted by the company will come in handy in helping organizations to meet their sustainability…

Blockchain-based fantasy soccer game Sorare signs on Paris Saint-Germain

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French soccer club Paris Saint-Germain hasn’t dropped the blockchain baton just yet, with the club now set to issue player collectibles as rare tokens. PSG — which plays in the highest tier of French soccer —  had already partnered with blockchain platform Socios.com to launch its own “Fan Token Offering” in 2018.  This week, the club has become the 100th soccer club to join the Ethereum blockchain-based fantasy soccer game Sorare platform. PSG players Neymar and Kylian Mbappé, as well as club veterans like David Beckham, will be tokenized as…

INX Crypto Exchange Has Started Distributing Tokens From Its Blockchain-Based IPO

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The cryptocurrency and security token exchange’s blockchain IPO is the first of its kind and gives observers and issuers a ground-level view of what’s going on through the Etherscan block explorer.  The public can see roughly the number of investors receiving INX tokens after putting money into the sale by watching the number of holders on the token tracker. (Some of these are internal operational transactions, however, like when Tokensoft loads the distribution smart contract.) Traditionally, to get information on who beneficially owns an interest in shares held at central…

OG partners with blockchain-based gaming technology company

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Esports organization OG has partnered with a blockchain-based gaming technology company DMScript. According to The Esports Observer, the OG Esport team – CS: GO – will promote DMScript products to its fanbase by wearing clothes that display the company’s logo during participation in electronic sports tournaments held around the world. The partnership with OG will also allow DMScript to gain more insight into the needs of the esports industry and help DMScript develop new ideas, high-value solutions, and products that improve the quality of life of players. On the other…

A Malaysian company is developing a blockchain-based app for charities

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Malaysia-based company IBF Net said it is seeking to implement blockchain technology in Islamic charities. According to a press release on its blog, blockchain technology will enhance the confidence of existing donors. It will also encourage new donors to give their zakat, a payment made under Islamic law for charitable giving, and sadaqah, or voluntary charity. The product, called RecurPay, will be on the Tezos platform and facilitate recurring and automatic small payments.  IBF Net said blockchain technology would create a framework that will allow the donor to ensure that…

Bangladesh Records First Blockchain-Based Remittance with Standard Chartered Bank

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Bangladesh has recorded its first blockchain-based cross-border remittance service. The feat was made possible as a result of a partnership between Standard Chartered Bank, bKash of Bangladesh, and Valyou of Malaysia. Per the announcement as gleaned from the Daily Star, the blockchain remittance service was facilitated by the blockchain technology from Ant Group. Through the service, Bangladeshi ex-pats in Malaysia can send wage remittance via Valyou to a beneficiary in Bangladesh who is a bKash wallet user. Standard Chartered Chief Executive Officer Naser Ezaz Bijoy: “Remittance is an important…

Amazon and Tech Mahindra to Create Blockchain-Based PPE Supply Chain Solutions

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Indian based technology company Tech Mahindra announced today that it has partnered with US-based e-commerce giant Amazon Web Services (AWS) to deploy blockchain solutions using Amazon’s managed blockchain. The collaboration is billed to last for the next 12 to 18 months. The Economic Times reported that through the collaboration, Tech Mahindra will offer solutions for the aviation, telecom, and healthcare supply chain. This solution will include kit management for aviation and aerospace to effectively track and trace ‘kits’ as they are procured from multi-tier suppliers in the aviation industry. The…

South Korean government agency to use blockchain-based employee ID system

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The Korea Internet & Security Agency, or KISA, is the first public entity of South Korea to implement a blockchain-powered employee ID system through a smartphone app starting October. According to Yonhap, the agency will also issue tokens called “KISA Coin” to reward KISA’s best employees, enabling them to purchase snacks, beverages, and even office supplies. It is currently being pilot tested, with the expectation to make it available for the entire workforce. The new employee ID system will allow KISA’s workers to use near field communication technology, or NFC,…