Tag: BlockchainBased

IMF Launches Private Blockchain-Based ‘Crypto’ After Bashing Bitcoin

boss

Private blockchains seem to be all the rage as of late. Mere weeks ago, JP Morgan Chase launched a private version of crypto network Ethereum, Quorum, to support the fittingly-titled “JPM Coin.” And over the past year or longer, technology heavyweight IBM has built an array of ‘decentralized’ ledgers for corporations with Stellar’s technology. The International Monetary Fund (IMF) and the World Bank are purportedly joining the bandwagon with a newfangled venture. The funny thing is, though, the IMF’s chairwoman, Christine Lagarde, bashed traditional digital assets, primarily Bitcoin, just the…

US Startup Raises $14.1 Mln for Blockchain-Based Payments Network for Retailers

boss

New York-based blockchain startup Flexa has raised $14.1 million to develop a payments network for retailers. The development was announced in a press release published on April 11. Per the release, Flexa has raised $14.1 million in funding from such participants as early stage token fund 1kx, investment firms Access Ventures and Nima Capital, and hedge fund Pantera Capital, which recently revealed that it was close to completing funding for its third venture fund, already raising $160 million. The company intends to create a payment network for retailers that would…

Albertsons Companies is Joining Blockchain-based IBM Food Trust Network to Pilot Technology to Increase food Transparency

boss

Albertsons Companies, one of the largest food and drug retailers in the United States, is joining the Blockchain-based IBM Food Trust network. The company’s goal is to pilot the technology to improve how food is traced from farms to store shelves. The Albertsons’ recent connection with the Food Trust ecosystem, a network that already has more than 80 brands, will bring Blockchain-based food traceability to many more consumers and industry players, like producers and retailers. Joining IBM’s Food Trust Network will help enable greater transparency and collaboration, and ultimately, a…

Tata Consultancy Services Powers Blockchain-Based Cross-Border Securities Settlement

boss

Indian IT services company Tata Consultancy Services (TCS) announced on April 10 that it carried out what it defines as the world’s first cross-border securities settlement between two central depositories using the Quartz blockchain. The Central Securities Depositories (CSD) involved are reportedly Maroclear, the CSD of Morocco, and Kuwait Clearing Company, the CSD of Kuwait. During the test, a set of equities and fixed income securities from both markets were created on the chain along with accounts to hold them, and were instantaneously transferred. The system reportedly used cash coins…

Gibraltar Stock Exchange Launches Listings of Blockchain-Based Securities

boss

The Gibraltar Stock Exchange (GSX) is launching listings of blockchain-powered securities on its practical listing venue GSX Global Market, the firm announced on April 9. Today, the GSX starts listing a number of new products known as digital, smart or tokenized securities such as corporate bonds, convertible bonds, asset-backed securities, derivative securities, open-ended funds and closed-ended funds, the announcement says. By applying distributed ledger technology (DLT), the GSX intends to enable greater liquidity pools and facilitate democratizing the capital markets, the firm noted in the press release. In contrast to…

Blockchain-Based Project Launches Beta Version of Content Exchange Platform

boss

Content Exchange Platform Seeks to Protect Artists’ Copyrights via Blockchain Decentralized project ContentsDeal is a content exchange platform that enables users and creators (e.g., singers, artists, writers, etc.) to trade and distribute genuine, exclusive content transparently via blockchain. By simplifying the complex distribution structure of copyrights in today’s entertainment industry, ContentsDeal ensures fair profitability to artists, content creators as well as contributors to the network, the team emphasizes. All the parties involved can leverage blockchain encryption to make sure transaction information, payments and membership are kept safe and secure on…

Blockchain-Based Diamond Exchange Cedex to Start Trading Diamonds Worth $50 Million

boss

Blockchain-enabled diamond exchange Cedex has secured more than 6,000 diamonds worth over $50 million that will be traded on its platform, Finance Magnates reported on March 27. Per the report, citing a press release from the firm, the supply is meant to ensure that traders have a sufficient variety of options from the launch of its diamond-backed Exchange Traded Fund (ETF), which the company is reportedly developing. The report claims that Cedex’s ETF would be the first of its kind and that it will be ‘generic’ in nature. The report…

Blockchain-based Entertainment Platform ‘Blue Baikal’ opens Pre-Registration Event Connecting Producers, Influencers and Consumers

boss

Blue Baikal, a community service for global users who enjoy entertainment, opened-up eir pre-registration event, in which registrants can join the community, recommend a friend, and become ambassadors. Blue Baikal is a Blockchain based entertainment content platform that connects content producers, influencers, and consumers. The company pursues a system in which entertainment businesses can grow, profits can be maximized, and fair profit sharing with the participants is promoted. advertisement With three different formats, social media, digital content store and crowdfunding, Blue Baikal offers a platform in which users can promote,…

Top 3 Blockchain-Based Companies Making a Difference in The Gaming Space

boss

Video games have been a source of amusement since 1958 when William Higinbotham created “Tennis for Two”. Using just a knob and a button, this game provided a new form of entertainment for the lucky few to have visited the Brooklyn National Laboratory open house, the venue of the game’s initial release. Unbeknownst to Higinbotham at the time, his creation would pave the way for the complex and highly engaging video games of today. Over the past couple of decades, video games have been popular among children and adults alike.…

Redditors Call Out Reported Scam on Blockchain-Based Prediction Platform Augur

boss

At least one scammer is reportedly gaming other users on the blockchain-powered event betting platform Augur by creating deliberately invalid markets, according to a Reddit thread published on March 20. Created by the non-profit Forecast Foundation, Augur is an Ethereum (ETH) mainnet-based predictions platform, which launched in July 2018. The platform allows users to stake tokens to bet on predictions of the outcome of a given event. The reported scam entails a bad actor creating a predictions market that contains subtle contradictions or inconsistencies in its wording, which will ultimately…