Tag: BlockchainBased

Pakistan banks agree on blockchain-based KYC system development

Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platform for Know Your Customer (KYC) initiatives.  On March 2, PBA signed the project contract for developing Pakistan’s first blockchain-based national eKYC (electronic Know Your Customer) banking platform, reported Daily Times. The move was aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing — an initiative led by the State Bank of Pakistan (SBP). The member banks include international establishments such as the Industrial and…

Blockchain-based Gaming Platforms: A New Era of Transparency and Fairness in Gaming?

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The video gaming industry is rapidly evolving and adopting new technologies to improve the gaming experience for players. One of the most promising new technologies is blockchain. Blockchain-based gaming platforms offer a number of potential benefits, including transparency, fairness, and improved security. However, there are also some challenges that need to be addressed before blockchain-based gaming can become mainstream. In this article, we will discuss the potential of blockchain in the gaming industry and what the future may hold for this exciting new technology.   What is blockchain technology? A…

South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution – Bitcoin News

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Using a solution that is based on blockchain technology, the South African startup Momint has said the recently launched Suncash initiative aims to ease the country’s power generation challenges. For about $9, investors can reportedly buy non-fungible tokens (NFTs) linked to solar cells which are then leased to institutions such as schools and hospitals. Momint Pilots Solution at One Local School A South African startup, Momint, recently said it has launched a blockchain-powered solution that can ease the African country’s energy woes by installing more rooftop solar systems at public…

DekaBank to Launch Blockchain-Based Tokenization Platform

Together with the digital asset startup Metaco, the German bank DekaBank, which has been in business for 105 years, is now working on the preparations necessary to launch a tokenization platform that is powered by blockchain technology. Sack has said that the infrastructure for the tokenization platform will become accessible in the not too distant future, and that this will result in the introduction of the first minimum viable product in our cryptocurrency custody solution. Moreover, he believes that this will take place very soon. He went on to explain…

This German Bank Will Release A Blockchain-Based Tokenization Platform

Blockchain tokenization has gained more traction in the financial industry recently. It allows people to convert their ownership rights or assets into digital forms to secure them. In the latest development, the German generational bank DekaBank revealed plans to release its blockchain-based tokenization platform next year.  But as per the details, the focus is not on regular crypto assets such as Bitcoin but on funds and stocks. DekaBank Partners With Metaco To Launch Its Blockchain-Based Platform DekaBank is collaborating with Metaco, a digital asset management company, as it plans to…

Three launch lessons from blockchain-based freelance marketplace TopIQs

Over a decade ago, the cofounders of TopIQs were freelance internet marketers dealing with many of the frustrations that still irk freelancers today. They invested significant time pitching, landing and completing projects for clients on freelance marketplaces. When it was time to get paid, they spent weeks or months chasing payments or resolving account issues and fraudulent chargebacks—only to owe a high percentage of marketplace and financial service fees in the end.  “Traditional freelance marketplaces take up to 20% of fees for any job,” said Steve Talbot, one of the…

Türkiye to use blockchain-based digital identity for online public services

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Türkiye, formerly known as Turkey, plans to use blockchain technology for online public services logins. e-Devlet, Türkiye’s digital government portal used to access a wide range of public services, will use a blockchain-based digital identity to verify Turkish citizens during login. Fuat Oktay, vice president of the Republic of Türkiye, announced during the Digital Türkiye 2023 event that citizens will be able to use blockchain-based digital identity to access e-wallet application, Cointelegraph Turkey reported. Oktay called the blockchain-based application a revolution for e-government efforts, adding that online services will be more…