Tag: BlockchainBased

Paystand Raises $20M to Be Blockchain-Based ‘Venmo’ for Commercial Payments

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Paystand, a platform using blockchain tech to automate commercial payments, has raised $20 million in Series B funding. Backing the round are a number of VC firms including DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures and Wildcat Ventures. Existing investors Leap Global Partners and BlueRun Ventures also took part. Paystand aims to makes complex commercial transactions and payments “as easy and fast for enterprises as Venmo has done for basic consumer-to-consumer transactions,” according to a press release on Thursday. The firm’s service is based on a blockchain network that…

Paystand Raises $20M to Be Blockchain-Based ‘Venmo’ for Commercial Payments

boss

Paystand, a platform using blockchain tech to automate commercial payments, has raised $20 million in Series B funding. Backing the round are a number of VC firms including DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures and Wildcat Ventures. Existing investors Leap Global Partners and BlueRun Ventures also took part. Paystand aims to makes complex commercial transactions and payments “as easy and fast for enterprises as Venmo has done for basic consumer-to-consumer transactions,” according to a press release on Thursday. The firm’s service is based on a blockchain network that…

Fidelity’s VC Arm Leads $13M Series A for Blockchain-Based B2B Network Clear

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Clear, the provider of a settlement system that uses blockchain to facilitate cross-border B2B trading, has finalized a $13 million Series A investment round. The Singapore-based startup said Wednesday the round had been led by Fidelity’s investment arm, Eight Roads (formerly Fidelity Ventures). The venture subsidiaries of telecommunications companies Telefonica, Deutsche Telekom, Hong Kong Telecom (HKT) and Singtel also participated in the raise. Clear says it can reduce friction in complex global business trade, which was valued at $150 trillion in 2018, with blockchain technology. There is an “unbelievable amount…

Fidelity’s VC Arm Leads $13M Series A for Blockchain-Based B2B Network Clear

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Clear, the provider of a settlement system that uses blockchain to facilitate cross-border B2B trading, has finalized a $13 million Series A investment round. The Singapore-based startup said Wednesday the round had been led by Fidelity’s investment arm, Eight Roads (formerly Fidelity Ventures). The venture subsidiaries of telecommunications companies Telefonica, Deutsche Telekom, Hong Kong Telecom (HKT) and Singtel also participated in the raise. Clear says it can reduce friction in complex global business trade, which was valued at $150 trillion in 2018, with blockchain technology. There is an “unbelievable amount…

Blockchain-Based Social Media App Vid with VI Tokens – To Launch April 1, 2020 – After VC $10 million USD Investment in 2019

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Video-centric social media app Vid announced its upcoming launch on iOS and Android. Established in January 2017, Vida allows users to control their data and monetize their memories using AI and blockchain technology which enables its users to create privacy-protected video content while allowing users to monetize content and retain 100 percent of advertising revenue.   The launch comes after a funding round of over $10 million USD in August 2019, with NGC Ventures, one of the world’s leading institutional investment firms, as a key investment partner. Vid’s platform will be…

UAE launches blockchain-based health data platform

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The new platform forms part of a wider plan to incorporate artificial intelligence technologies into 100% of all health services The UAE’s Ministry of Health and Prevention (MoHAP) has teamed up with the Ministry of Presidential Affairs, Dubai Healthcare City and a number of other entities to launch a blockchain-based digital platform to store medical data, it was announced on Sunday. The new platform forms part of a wider plan to incorporate artificial intelligence technologies into 100 percent of all health services. According to MoHAP, the new platform will help…

Blockchain-Based IBM Sterling Adds Advanced Supply Chain Tracking Features

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The IBM Sterling supply chain platform will now feature additional integrations developed by Salesforce, Publicis Sapient, IBM Services and others, a Jan. 13 press release reads. The additions will allow the blockchain and AI-based suite to quickly solve returns and cross-channel logistics challenges. IBM Services and Bluewolf are jointly developing a connector service to join IBM Sterling with Salesforce Commerce, Service and Marketing Clouds. The integration would help retailers to blend the offline and online shopping experience.  The platform’s aim is to reduce shopping frictions through a better organization for…

Power Ledger Integrates Blockchain-Based Energy Auditing in Solar Power Asset

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Australia-based blockchain energy firm Power Ledger has purchased a 250 kilowatt (kW) photovoltaic system that will utilize a blockchain-based data management and settlement system. Per a press release shared with Cointelegraph on Jan. 13, Power Ledger purchased the system from Perdaman Advanced Energy, an Australian firm that provides clean energy consulting and project development. The new system will be located in Maddington and integrate a Power Purchase Agreement (PPA) to make renewable energy trading more transparent. Transformation of the energy market “The renewable energy that the Maddington asset generates will…

US Treasury to Complete PoC of Blockchain-Based Grants Payment System

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The United States Treasury Department has almost completed tests of a blockchain-based grants payment capability as part of the exploration of how the tech can improve such operations. As the Business of Federal Technology reported on Jan. 10, the Treasury Department launched a program designed to discover whether blockchain could provide more efficiencies into the operations of a blockchain-based grants payment system. Currently, the agency has almost completed a Proof-of-Concept for a blockchain-based letter of credit for federal grant recipients. More efficient tracking Describing the principle of the program’s operation,…

Dish Network Files Patent For Blockchain-Based Anti-Piracy System

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One of the largest U.S. television providers has published a patent application for a new “anti-piracy management system” that uses blockchain to enable owners to track how their content is being used. Dish Network’s application outlines a system that allows owners to embed an identification mark into the content’s code that can be stored and regulary updated using a distributed ledger. Published Thursday, Dish says the proposal can better monitor and enforce ownership rights, alerting platforms to when content is used without permission. According to the filing, one of the…