Tag: BlockchainPowered

JPMorgan Chase to Add New Features to Blockchain-Powered Network for Global Banks

boss

JPMorgan Chase (JPM) is expanding the use of its blockchain technology to help reduce the number of global payments rejected by errors, the Financial Times reported on April 21. The United States financial giant is adding new features to its Interbank Information Network (IIN,) which is now used by more than 220 banks around the world. The technology was initially designed to help institutions share payments data in real time — cutting delays in processing times. John Hunter, JPM’s head of global clearing, said it has built a new feature…

Blockchain-Powered Job Marketplace Platform to Migrate 700K User Profiles to Eos

boss

Blockchain-powered freelancers marketplace Moonlighting is set to migrate its 700,000 user accounts to Eos (EOS) developer Block.one’s Eos.io protocol. The development was announced in a press release shared with Cointelegraph on April 11. Moonlighting’s move comes as part of a new strategic partnership with Block.one’s venture capital fund Eos VC Fund and fintech incubator and VC fund FinLab AG. A joint venture between the two funds, FinLab Eos VC Fund, led a $5 million investment round to back Moonlighting’s move to the Eos blockchain and grow its user base, Coindesk…

Cybersecurity Firm WISeKey Launches Blockchain-Powered ID Solution for IoT Devices

boss

Switzerland-based blockchain and cybersecurity firm WISeKey has launched a new blockchain-powered digital identity solution to protect Internet of Things (IoT) devices and their data. The news was announced in a WISeKey press release on March 29. WISeKey focuses on secure authentication and identification solutions for people and smart objects by implementing a cryptographic tool called Root of Trust (RoT). WISeKey IoT claims to have an install base of over 1.5 billion secure microchips across “virtually all IoT sectors” — from connected carts and smart cities to drones and crypto tokens.…

Binance’s Charity Arm Rolls Out Blockchain-Powered School Lunch Campaign

boss

The charity arm of the world’s largest crypto exchange, Binance, has launched its pilot blockchain-based lunch program in African schools, according to a blog post on Feb. 21. Binance Charity Foundation (BCF) has rolled out its charity campaign “Lunch for Children” in the capital of Uganda, Kampala. According to the program, the organization is set to provide two meals a day during the full year of 2019 to more than 200 students and school staff. The recently launched pilot in Uganda is a part of a larger campaign by Binance…

Harvest One Picks Blockchain-Powered Genome Tracking Software

boss

BLOCKStrain Technology Corp. (TSX: V: DNAX) (OTC:  BKKSF), which built the first blockchain-secured, fully-integrated IP tracking platform for the cannabis industry, is providing its genome tracking software to Canadian licensed producer of medical cannabis Harvest One Cannabis (TSX:V: HVT) (OTCQX: HRVOF). The BLOCKStrain’s cannabis strain authenticity and tracking platform, called the Master Genome Strain and Clone Registration Program, will allow Harvest One to collect and register its cannabis plant DNA and strains. The platform will be integrated into Harvest One’s sales program. Upon completion of the collection and registration of…

Major Swiss Stock Exchange SIX to Launch New Blockchain-Powered Digital Exchange

boss

Switzerland‘s principal stock exchange SIX Swiss Exchange will test blockchain integration for its forthcoming parallel digital trading platform SDX in the second half of this year. The news was reported by Cointelegraph Deutschland Feb. 4. SIX Swiss Exchange sees roughly CHF5.19 billion (~$5.18 billion) in daily turnover, and has a market capitalization of over 1.67 trillion CHF ~($1.6 trillion). CEO Jos Dijsselhof told Cointelegraph Deutschland in an interview that the company had chosen the technology for the time efficiency and improved security it can offer across all stages of stock…

StanChart’s Singapore Unit Completes First Blockchain-Powered Trade Finance Deal

boss

The Singapore unit of London-headquartered multinational banking and financial services firm Standard Chartered has completed its first blockchain-powered trade finance deal. The news was reported by Singapore’s English-language financial daily The Business Times on Jan. 24. The bank reported that the blockchain solution — developed by blockchain startup Distributed Ledger Technologies — had enabled an agri-business supply chain deal to be completed within just one day, instead of the typical five to seven days. As of 2017, trade finance transactions were worth over $9 trillion, and the industry remains heavily…

NEM Foundation to Develop Blockchain-Powered Copyright System for Journalists

boss

NEM Foundation in Argentina has signed a memorandum of understanding with a local trade union of journalists. The goal of the agreement is to develop a blockchain-powered solution for copyright protection, Cointelegraph in Spanish reported Saturday, Jan. 5. The memorandum signed with CISPREN — the journalists’ trade union of the city of Cordoba in central Argentina — also implies the development of a Proof-of-Concept for the project. CISPREN hopes that blockchain can solve different issues associated with the protection of intellectual property rights, such as content theft, failure to pay…

Irish Red Cross Partners on Blockchain-Powered App to Bring Transparency to Donations

boss

A Dublin-headquartered startup has teamed up with the Irish Red Cross to use blockchain technology in a new app that improves transparency for charitable donations. The partnership was reported by local daily broadsheet The Irish Times on Dec. 19. The startup, dubbed AID:Tech, is partnering with the Red Cross for use of its consumer-oriented mobile app “TraceDonate,” which has been designed so that donors know exactly how their contributions to charitable causes are being spent. By improving transparency around the distribution of charity, the app aims to boost trust and…

Leading Asian Online Retailer Qoo10 to Launch Merchant Fee-free Blockchain-Powered Ecommerce Platform

boss

qoo10.sg A blockchain-based online marketplace built on the Ethereum protocol is set to be launched by ecommerce firm Qoo10 on January 1, 2019, Tech in Asia reports. Known as QuuBe, the blockchain-based marketplace comes with a cryptocurrency of its own dubbed the Q*coin. Currently, Q*coins, which are the only accepted means of payment on QuuBe for shoppers, can be purchased in 7-Eleven stores. Qoo10 does not expect to allow other cryptocurrencies to be used on QuuBe due to their volatility. Per the CEO of Qoo10, Ku Young Bae, the platform…