Tag: BlockchainBased

Medici Ventures Leads Funding Round for Blockchain-Based E-Voting Platform

boss

Medici Ventures, the blockchain-based subsidiary of Overstock.com, has led a $7 million funding round for a blockchain-based voting platform, according to a press release on June 6. The blockchain-based voting platform, Voatz, is reportedly designed to allow citizens to participate in official elections and similar events via mobile devices, such as smartphones or tablet computers. The platform is reportedly based on blockchain tech, encryption, and biometrics, and purports to provide better convenience, security, and auditability for voters and vote collectors. Voatz says that the proceeds of their $7 million Series…

Galaxy Digital Fund Leads Funding Round for Blockchain-Based Game Platform

boss

A fund of cryptocurrency investment bank Galaxy Digital led a $1.8 million seed funding round for Azure’s blockchain-based gaming rewards platform, VentureBeat reports on June 5. Smart Challenge, Azure’s gaming rewards platform, reportedly allows users to create and compete in challenges on the EOSIO blockchain protocol. By using blockchain technology, the challenges are said to be verifiably fair, since participants can see all the challenge rules and how they are implemented. Galaxy Digital reportedly invested to the project through its Galaxy EOS VC Fund, which is an investment organization that funds…

Kodak Reveals New Blockchain-Based Document Management System

boss

Kodak Services for Business unveiled a blockchain-based document management platform during a two-day conference in New York, according to a news release published on June 5. The company says the technology enables businesses and governments to better manage sensitive documents and keep them secure — automating workflows and archiving to ensure records can be accessed in real time. According to Kodak, this system can help organizations achieve cost savings of up to 40% by improving productivity and preventing the loss of information. Other products showcased during the event included Scan…

Russia’s Third Largest Food Retail Firm Uses Blockchain-Based Open Trade Finance Platform

boss

Russia’s third-largest food retail firm, Dixy, has implemented blockchain technology in its corporate finance system, according to a press release shared with Cointelegraph on June 5. The Moscow-based retailer has deployed blockchain in cooperation between suppliers and factoring firms, which represent third parties that purchase businesses’ invoices at a discount in order to help those businesses to raise funds. Specifically, following a successful pilot test, Dixy is now moving the interactions between suppliers and factoring companies to an Ethereum (ETH) blockchain-powered open trade finance platform called Factorin. The Factorin platform…

Blockchain-Based Alternative Investment Firm to Be Listed on Bloomberg Terminal

boss

A blockchain-based alternative investment provider that tokenizes commercial debt is being listed on the Bloomberg Terminal, according to a news release published on June 4. Cadence is believed to be the first digital asset to obtain a Financial Instrument Global Identifier (FIGI), enabling professionals who use the Bloomberg Terminal to research its offering and execute trades. The company connects investors with businesses that need to borrow money in order to plug temporary gaps in their cash flow. On its website, Cadence says the minimum investment amount is $500, giving consumers…

Swisscom TV Opens Blockchain-based Art Gallery

boss

The post Swisscom TV Opens Blockchain-based Art Gallery written by Richard Kastelein appeared first on Blockchain News – Security and Utility Tokens, Tokenomics, Cryptoeconomics Swiss company dloop is launching a platform that allows art to be distributed and financed on a new platform called NOOW – which is available as an app exclusively on Swisscom TV (UHD-ready TV-Box from Swisscom) and will include 100 works by 30 international artists  “This is about more than creating a virtual gallery; the […] The post Swisscom TV Opens Blockchain-based Art Gallery written by…

Eos Developer Block.one Announces Blockchain-Based Social Media Platform Voice

boss

Eos (EOS) parent company Block.one has announced a blockchain-based social media platform called Voice, according to a press release shared with Cointelegraph on June 1. The firm claims that the platform will use the Eos blockchain to provide transparency on how it operates, without hidden algorithms or content-pushing mechanisms of which the user is unaware. In the press release, the CEO of Block.one, Brendan Blumer, compared Voice with traditional social media platforms, saying: “The truth is, current social media platforms are designed to use their users. Just look at the…

Barclays Leads $5.5 Million Funding Round for Blockchain-Based Invoice Exchange

boss

United Kingdom-based international bank Barclays and technology investment firm Bold Capital Partners have led a $5.5 million funding round for fintech firm Crowdz’s blockchain-based global invoice exchange, according to a press release on May 28. According to the report, the blockchain-based technology will purportedly make invoice processing more efficient by digitizing and automatizing what are traditionally manual processes. The technology also automates the process of finding financiers and sending them invoices. CEO of Crowdz, Payson E. Johnston, emphasizes the importance that this speedier invoice processing has for small and midsize…

Russian State Tests Blockchain-Based Application for Public Administration

boss

The Russian state of Nizhny Novgorod is testing the use of the blockchain-based application “City N” for public administration tasks, according to a report by ForkLog on May 28. State residents will reportedly be able to file their taxes on the blockchain-based Vostok platform using the City N application. Other services of the application include the ability to verify the identity of Nizhny Novgorod residents, as well as being able to track expenditures residents have paid to the states budget via the online portal of public services Gosuslugi. Governor of…

Dubai Government and UAE Bank Unveil Blockchain-Based Mortgage Platform

boss

The Dubai Land Department (DLD), the real estate arm of the Executive Council of Dubai, has partnered with UAE-based Mashreq Bank to release a blockchain-based mortgage platform, according to a report by The National on May 28. According to the report, the blockchain-based platform will act as a repository for mortgage records, as well as a way to confirm that the mortgages comply with registration policies. Additionally, the platform will accommodate on-going updates that occur after a property sale, such as recording liquidation and payment defaults or changes to the…