Tag: BlockchainBased

China Introduces Blockchain-Based Identification System for Cities

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China continues to up its blockchain game with an independently developed blockchain-based identification system for cities as part of its smart city infrastructure. On Nov. 4, Chinese daily tabloid newspaper Global Times reported that the newly developed identification system was jointly launched by three institutes in the city of Shijiazhuang. The blockchain-based identification system will assign a unique, global digital ID to Chinese smart cities, aiming to improve the connectivity and data sharing between these cities. Smart cities across China have been able to apply for their own city identification…

Oxfam, Etherisc, and Aon Find Success with First Blockchain-Based Agricultural Insurance Policies for Smallholder Farmers in Sri Lanka

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Oxfam in Sri Lanka, the organization working to alleviate poverty, revolutionary Blockchain project Etherisc, an InsurTech startup developing a protocol for decentralized insurance applications and Aon plc, the leading global professional services firm providing a broad range of risk, retirement, and health solutions, have succeeded in the delivery of the first season of their blockchain-based delivery of microinsurance to smallholder paddy field farmers in Sri Lanka. advertisement “We are proud to have real-world, on-the-ground success from a blockchain solution for microinsurance,” Michiel Berende, the Chief Inclusive Officer at Etherisc, said. “We…

Two More US Jurisdictions Launch Blockchain-Based Mobile Voting

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Two state counties in the United States are implementing blockchain-based mobile voting in the special elections in November. On Oct. 18, the nonprofit Tusk Philanthropies announced its partnership with Jackson and Umatilla Counties in Oregon to pilot the mobile elections platform Voatz. The pilot offers eligible voters to cast their votes using their smartphones, which are secured through blockchain and facial recognition technology. Pilot participants are mostly servicemembers overseas The pilot is only available to a small and select group of voters, allowing servicemembers overseas, their eligible dependents and other…

Dubai Property Giant Emaar to Launch Blockchain-Based Rewards and Loyalty Ecosystem

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Economic Dept. of Dubai Unveils Blockchain-Based Business Registry

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The Department of Economic Development in Dubai has announced its move to a blockchain-based unified business registry platform (UBRP). According to a Saudi Gazette report on Oct. 7, the platform aims to improve the ease of doing business in Dubai and enable license issuers to manage trade licenses and corporate registries. The Silicon Oasis Authority, the Dubai Electricity and Water Authority, and Dubai Multi Commodities Centre have already joined the platform. The UBRP eventually aims to host a total of 40 government entities.  The solution is hosted on the blockchain-as-a-service platform called…

Verisart Raises $2.5M to Expand Its Blockchain-based Art Verification Services

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Verisart’s funding will be spent on extending the product and engineering team as well as launching a suite of premium services aimed at artists, galleries and collectors.  Verisart is a platform designed to conduct certification and verification of artworks of different types which is carried out with the help of blockchain. Now it has become known that it has managed to get $2.5 mln in seed financing. The list of the most prominent participants of this round included Sinai Ventures, Galaxy Digital, EOS Fund, and Rhodium. The money raised will…

Blockchain-Based Protocol Tachyon Network Releases White Paper

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Tachyon network, a decentralized internet protocol has officially launched its white paper which discloses details on the project background and Tachyon ecosystem. Reconstruct the TCP/IP model In a press release shared with Cointelegraph on Sept. 27, Tachyon network announced the release of its white paper revealing details on how the protocol is set to reconstruct the TCP/IP model. The TCP/IP model, after 36 years of use as the foundation of the internet, is slowly falling behind the increasing demand for stability, security, speed and trust, the white paper reads, adding:…

Animoca Brands to Develop Blockchain-Based MotoGP Manager Game

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Blockchain and artificial intelligence firm Animoca Brands Corporation Limited has entered into a partnership with sports management company Dorna Sports, S.L. to develop a blockchain-based MotoGP manager game. Per a press release shared with Cointelegraph on Sept. 26, Animoca Brands completed a strategic capital raise of A$1 million ($677,600) from a group of investors, including Moses Tang, the founder of AP Capital and founding chairman of Goldman Sachs Asia Pacific. The company is planning to allocate part of the funds to advancing the manager game. Make it to the 2020…

Overstock’s VC Arm Puts $2M Into Blockchain-Based ID Systems Startup

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Overstock’s venture capital arm Medici Ventures has made a $2 million investment into Salt Lake City-based Evernym, a startup that develops blockchain-based self-sovereign identity networks. Per a Sept. 26 press release, Medici invested $2 million into Evernym through participation in the company’s Simple Agreement for Future Equity (SAFE), closed on September 4, 2019. This allows Medici to convert its share in the SAFE to preferred stock in Evernym’s future priced round of equity financing. Development of digital credentials Evernym is planning to allocate the money for further development of its…

Facebook’s David Marcus Advocates for Blockchain-Based Payment Networks

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David Marcus, the head of Calibra at Facebook, has set forth arguments in favor of blockchain-based payment networks. In a Sept. 25 blog post, Marcus pointed out shortcomings of existing payment systems such as regional and international networks, including SWIFT and RT1, central banks and others. Marcus began by noting the weakness of the underlying infrastructure of the current system that limits its efficiency and reach. In one case, Marcus wrote, an individual can send and receive funds from within one wallet, while not being able to do the same…