blockchain

Blockchain-Based Platform Securitize Receives $14 Million in Backing

Max Moeller

Securitize, a self-described “global solution for issuing and managing compliant digital securities on the blockchain,” has just brought in $14 million via backers like Banco Santander, MUFG, and Nomura Holdings. The three of these are some of the biggest banks in the entire world. According to a press release, the money is being used to…

Cannabis Production To Be Secured Using Aeternity Blockchain

The open-source blockchain network Aeternity announced it is working on a supply chain management platform side by side with Uruguay Can, a leading cannabis production company in the Southern Cone. Cannabis Production On The Blockchain This solution will allow the company to register and track cannabis strains from the seed to the final product. In…

Singapore’s OCBC Becomes the First Bank to Join JP Morgan’s Blockchain Network

Singapore’s OCBC has joined JP Morgan’s live blockchain network, becoming the first Singapore bank to do so. According to the announcement on Friday, September 20, 2019, the bank will now be part of the Interbank Information Network (IIN) delivered by JP Morgan. OCBC bank now joins 112 other banks in the Asia-Pacific region that already…

IOTA

IOTA Blockchain Project Launches World’s First Decentralized Marketplace

Max Moeller

The IOTA foundation, the company behind the IOTA cryptocurrency, has just launched what it calls the Industry Marketplace. This is, according to its blog-post, the first-ever autonomous decentralized marketplace: “After forming a consortium of world-leading academics, standardization bodies, enterprises and thought leaders, we are excited to present our joint development that will greatly accelerate industrial…

Wells Fargo

Wells Fargo Developing Internal Blockchain Network for Bookkeeping

Max Moeller

Big banking firm Wells Fargo is getting into cryptocurrencies and blockchain technology, according to a press release from the company. The asset will be called Wells Fargo Digital Cash, and will work internally on the company’s distributed ledger (DLT) platform. The goal here is for Wells Fargo to be able to look at its internal…

Thailand’s Bond Market Forays Into Blockchain, Set to Issue Its Own Cryptocurrency

Thailand is set to join the crypto space, as its banking and financial system plans to start utilizing blockchain and cryptocurrencies. The Bank of Thailand already declared that it’s developing its own blockchain background and digital currency in a system that will offer and all-round, faster, and real-time interbank settlements. The bond market is expected…

blockchain

Healthcare-Based Blockchain Market To Hit $1.6 Billion By 2025

Max Moeller

Blockchain technology is being expected to hit around $1.6 billion come 2025, at least in the healthcare market it is. This news comes to us via Global Market Insights, a global market research and consulting firm. That said, the prospect has already been performing quite well, considering that the market “held USD 2.8 million market…

blockchain

Blockchain Technology Should Be Standardized By 2021 Says Study

Max Moeller

Blockchain technology will become much more standardized by 2021, states new research by Moody’s Investment Service. More specifically, the research breaks down into: “Blockchain standards likely to emerge by 2021 will be credit positive for securitisations using the technology, fostering benefits such as better interoperability and other operational efficiencies, Moody’s Investors Service said in a…

Blockchain-based Property Rights Startup Closes $3M Led by HTC

In order to continue on its path towards placing power back in the hands of end-users, HTC led a Series A round of financing that allowed Bitmark to gather $3 million. Other investors included Alibaba, WI Harper and DCG. Bitmark is a company that secures digital property rights using distributed ledger technology (DLT). The information…