Tag: BlockchainBased

Turkish Construction Conglomerate Isiklar Group to Create Blockchain-Based Loyalty Platform, Token Sale Goes Live Soon

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The adoption of blockchain technology and decentralized applications by mainstream industry segments doesn’t need any more introductions, as there are many glowing examples of Fortune 500 companies as well as startups in their respective spaces implementing such solutions to further optimize their processes. As the use cases for cryptocurrency technologies continue to grow, a more than 50-year-old Turkish company has now ventured into the space by creating a universal customer loyalty program over blockchain to benefit its long list of long term partners as well as newcomers interested in doing…

IBM and Fair Trade Initiative Demo Blockchain-Based Coffee Tracking App

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On Jan. 6 at The Consumer Electronics Show in Las Vegas, IBM and Farmer Connect – an organization committed to increasing transparency and sustainability in agriculture supply chains – demoed a blockchain-based app that allows consumers to learn about the coffee beans they purchase. Founder and president of Farmer Connect, David Behrends, told Cointelegraph that the “Thank My Farmer” mobile app provides consumers with an interactive map to show the journey of their coffee by scanning a QR-code: “After scanning a QR-code, consumers are taken straight to a product page…

Electra Pilots Blockchain-Based Financial Management System – Can It Compete?

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Electra (ECA), the open-source Proof-of-Stake (PoS) blockchain project focused on digital payments, will begin beta testing its flagship product this month.  Known as “ElectraPay,” the product functions as a financial management system that will let merchants adopt a cryptocurrency payment method that doesn’t require third-party service providers, banks, or credit card companies to complete transactions.  Electra board member and coordinator Robert Bakker told Cointelegraph that ElectraPay is a management solution that lets e-commerce providers accept Electra’s ECA cryptocurrency via a Woocommerce plugin for WordPress.  “ElectraPay is a management solution which…

DLive Joins BitTorrent Ecosystem to Make Blockchain-Based Content Sharing Mainstream

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Peer-to-peer filesharing giant BitTorrent announced on Dec. 30 that DLive, the blockchain-based live streaming platform, will be joining its ecosystem. Through this partnership, DLive will bring peer-to-peer content sharing and live streaming capabilities to BitTorrent’s 100 million monthly active users. BitTorrent CEO Justin Sun told Cointelegraph that following YouTube’s crypto-content ban, decentralized content platforms are the future. “It’s unfortunate to see content platforms such as YouTube taking down crypto-related content, this is the issue with centralized agencies. Decentralized content platforms such as TRON’s newest partner DLive are the platforms of…

Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan

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South Korea’s biggest telecom company, KT, just announced the launch of a local blockchain-based currency for one of the country’s largest cities, which will reportedly go live on Dec. 30.  Local news outlet dongA reported on Dec. 19: “Dongbaekjeon is a blockchain-based card-type local currency issued by Busan City to revitalize Busan’s local economy and ease the management burden of small business.” The media outlet listed multiple ways to access the currency, including a Dongbaekjeon mobile app, a bank named Hana and Busan Bank.  The article also noted participants can…

ISIS Turns to Blockchain-Based Messaging App Following Telegram Ban

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Terrorist organization ISIS has turned to blockchain technology to anonymously spread videos and propaganda to thousands of people worldwide. A Vice report on Dec. 13th noted that experts who track ISIS’s activities online have found that supporters of the terror group are currently experimenting with blockchain-based messaging app, BCM. On the subject, a BCM spokesperson told Cointelegraph: “Our goal is to provide the most secure channel of communication and to safeguard the freedom of digital communication of our users, as we firmly believe that it is the cornerstone of any…

Franklin Templeton Closes Funding Round For Blockchain-Based Social Impact Platform

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Proof of Impact, a blockchain-based, global marketplace for natural and social capital has closed a funding round led by American asset management firm Franklin Templeton Investments. On Dec. 12, Proof of Impact announced that it closed its first institutional investment round led by Franklin Templeton, a global fund manager that manages around $700 billion in assets.  The scale of Franklin Templeton’s investment remains unknown, but as part of the agreement, a Franklin Templeton representative will take a seat on the Proof of Impact board. Proof of Impact co-founder Fleur Heyns…

Pompliano Joins Board of Blockchain-Based Lending Firm After $103M Raise

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The raise brings Figure’s total funding to more than $225 million and values it at $1.2 billion, according to a company press release. Aside from Morgan Creek, which led the round, and MUFG, participants included DCM, Digital Currency Group, HCM Capital, Ribbit Capital, RPM Ventures and The Partners at DST Global. While the size of the round was disclosed in a securities filing last month, the other details were not revealed until now. Source link

Credits and Alibaba Cloud Storming Chinese Market With Blockchain-Based Solutions

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The Credits open-source decentralized blockchain solutions provider and Alibaba Cloud have announced the joint launch of operations in the Chinese logistics market. The solution being launched jointly by the Credits platform and Alibaba Cloud is aimed at solving the multiple issues in the logistics market using blockchain technologies. The approach will be implemented through several business models involving 3PL. The business model being employed under the 3PL approach includes the use of low-cost and versatile frequency sensors that would be installed inside Shipping Containers to monitor their movements and status…