Tag: BlockchainBased

Bank of Lithuania Launches First Blockchain-Based Digital Collector’s Coin As Test for CBDC

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The Bank of Lithuania has launched the first central bank-produced digital collectors coin dubbed “LBCOINS” as part of its trial of blockchain technology and testing in its development of  central bank digital currencies (CBDC). The Central Bank of Lithuania has been developing the project since March 2018 and is currently entering the final phase of the trial. Wake-Up Call for Central Bankers Deputy governor of the Bank of Lithuania, Marius Jurgilas, said: “No one in the central bank community was thinking about digital currency seriously before we realized that there…

Cryptograph Launches — Featuring Original Creations by World Crypto Leaders Blockchain-Based Digital Collectible Auction Site

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Cryptograph has gone live with their new auction platform this week featuring original digital artwork by Crypto world leaders such as Vitalik Buterin, Vlad Zamfir, El33th4xor, Avsa, Mihai Alisie, Erik Voorhees, and Jutta_Steiner. “A key differentiator is our unique business model that aligns the interests of our creators and charities over the long term (by giving creators and charities a share in the perpetual revenue of each Cryptograph) will drive long term value to our collectables and to our collectors. This kind of ‘creator first’ business model is new for this…

Tech Mahindra Launch Blockchain-based Contracts and Rights Management System’ (bCRMS) for the Global Media and Entertainment Industry

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Leading provider of digital transformation, consulting and business reengineering services and solutions Tech Mahindra have launched a new digital platform, branded as ‘Blockchain-based Contracts and Rights Management System’ (bCRMS) for the global media and entertainment industry. The platform is designed to enable production houses and content creators to track revenue, royalty payments, manage rights and address content piracy by leveraging IBM blockchain. Tech Mahindra’s new bCRMS platform is built on open-source Hyperledger Fabric protocol and utilizes techniques like content hashing and forensic watermarking to track and trace content. The technology…

South Korean NGO Announces Blockchain-Based Healthcare Platform

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The Commons Foundation, a South Korean non-governmental organization, revealed its plans to develop a blockchain-based platform that aims to handle health epidemics in the wake of the COVID-19 crisis. According to Digital Today, the NGO will rely on blockchain public services to create an epidemiological research system to suit the coming post-coronavirus era. The article quotes a statement from Choi Yong-gwan, chairman of the Commons Foundation, who expressed concerns regarding the ongoing violation of personal information due to the pandemic emergency. Such a situation motivated the NGO to develop a…

London Chelsea Limited Partners With Solidblock To Digitally Raise Financing For London Digital Bond — A Single-family Property Fund Will Be Financed Through Blockchain-based Securities For The First Time Globally

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For the first time in history,  a single-family property fund will be financed through blockchain-based securities. UK investment company London Chelsea Limited is partnering with SolidBlock, a digital securities issuance and trading platform, to raise financing for London Digital Bond, a new fund that invests in prime residential real estate. “We are creating a digital age financial instrument that provides the stability and upside potential of prime London residential properties, combined with the flexibility of trading on a top digital securities platform,” said Yael Tamar, co-founder of SolidBlock. SolidBlock will…

South Korean City Opens Public Services to Blockchain-Based ID App

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Busan, the second-largest city in South Korea, has launched an identification app that uses a public blockchain to verify citizen information. The app was developed by Coinplug, a Korean startup working within the regulatory sandbox of the Busan Blockchain Regulation-Free Zone. The developer used the Metadium blockchain and its Decentralized Identifier technology to power the app. Through this system, user data is stored on their devices, and only a cryptographic proof of the information is submitted to the blockchain. This strikes a balance between personal data privacy and the need…

Opportunities for Blockchain-Based Technologies in African Healthcare

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One of the linchpins of the internet is the ability to access and share data seamlessly. Whether it’s financial metrics for an institution or something as innocuous as a meme, the internet’s distinct pathways of protocols and standardization are the ideal medium for exchanging information. That transmissibility of information has not translated well to specific industries, however. Regulatory moats, cumbersome and outdated database architecture, and poorly designed user interfaces are a hindrance to major industries — particularly healthcare. Even in the United States, where healthcare standards are high, onerous regulatory…

Marshall Islands Seeks to Establish a “Self-Sovereign Identity” With New Blockchain-Based Currency

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The Marshall Islands’ project says its creation of a digital sovereign currency, named SOV, aims to be a “game-changer”. It could also pioneer how governments respond to crises such as the COVID-19 pandemic. In an exclusive interview with Cointelegraph, Joel Telpner, chairman of Sullivan’s Fintech and Blockchain Practice and Marshall Islands crypto advisor, highlighted that the project still faces “a lot” of challenges ahead, but looks forward to making the work “rewarding.” The current phase of SOV’s project Telpner said that the Islands’ government is currently in an 18 month…

Marshall Islands Seeks to Establish a “Self-Sovereign Identity” With New Blockchain-Based Currency

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The Marshall Islands’ project says its creation of a digital sovereign currency, named SOV, aims to be a “game-changer”. It could also pioneer how governments respond to crises such as the COVID-19 pandemic. In an exclusive interview with Cryptox, Joel Telpner, chairman of Sullivan’s Fintech and Blockchain Practice and Marshall Islands crypto advisor, highlighted that the project still faces “a lot” of challenges ahead, but looks forward to making the work “rewarding.” The current phase of SOV’s project Telpner said that the Islands’ government is currently in an 18 month…

Startup to Launch Blockchain-Based Investment Platform for Music Royalties

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Luxembourg-based startup ANote Music will launch a blockchain-based platform that allows its users to invest in music royalties on July 28. In an announcement on June 4, CEO and co-founder at ANote Music Marzio Schena said that the platform aims to “bridge the gap between the music industry and capital markets.” The platform reportedly helps artists, record labels, publishers, and songwriters become financially independent by allowing them to access funding through royalty sales. After investing, users receive a share of rights and can trade them with others on the platform…