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Chinese Blockchain-Related Company Xunlei Reports $45.3 Million Q3 Revenue

Xunlei, a Chinese desktop software producer that has recently turned to blockchain, reports $45.3 million revenue in Q3 2018. Chinese desktop software and blockchain-related company Xunlei has published its Q3 report Wednesday, Nov. 14. According to the report, the firm’s revenue increased in 2018 after the introduction of blockchain services. The report notes that the company’s Q3 revenue reached $45.3 million, representing an increase of 1.1% year-over-year. The firm attributed $19.8 million of that revenue to its cloud and Internet value-added services sectors, which is an increase of 8.3 percent over the same period last year. Lei Chen, CEO of Xunlei group, stated that blockchain remains one of the key investment areas for the company, noting: “We believe that blockchain is a technology that can change our lives, and we will strive to make it available in different areas in a simpler and more cost-effective way.” The company specifically mentioned its blockchain platform ThunderСh..

Consulting Company Accenture Deploys DLT Platform for Software License Management

Global consulting giant Accenture has revealed a DLT-driven platform that helps track and manage software licenses in big companies. Global management consultancy firm Accenture has deployed a distributed ledger (DLT) platform created to manage and track software licenses, a press release reveals Monday, Nov. 12. To develop the solution for software management, Accenture has partnered with Digital Assets, a U.S.-based company providing DLT products for financial institutions. The new app uses Digital Assets’ smart contract language, or DAML — a modeling language built specifically for distributed ledgers. According to the release, the platform will help track software licenses all the way down from their origination to purchase. Accenture also stresses that the DLT-driven app will help major firms avoid possible risks of license rules violation by increasing the transparency in the distribution and utilization of software. Melanie Cutlan, who leads blockchain development at Accenture ..

US Software Company Salesforce Wins Patent for Blockchain Anti-Spam Solution

U.S. company Salesforce, which operates a cloud-based mailing platform, has patented a blockchain solution to distinguish between spam and regular emails. U.S. software company Salesforce has won a patent to detect spam emails using blockchain technology. The patent filing was published on the U.S. Patent and Trademark Office (USPTO) website Tuesday, Nov. 4. Salesforce, which offer its customers is a cloud-based mailing platform, patented a solution that allows for the detection of whether an initial email was modified while being sent. In addition, the blockchain-driven program could help improve the existing filters that often fail to distinguish between spam and regular emails, such as promo letters. As explained in the technical part of the document, to assure the authenticity of the message, the first email message server will record a selected component of the current message into a block to get other nodes’ approval. When the second server receives the message, it checks the bl..

Bitcoin Wallet Company, Blockchain, To Give Out $125m Worth Of XLM...

Blockchain, a company that providers Bitcoin wallets is set to launch a Stellar (XLM) airdrop. The company intends to give out $125m in XLM to all the participants of the airdrop. This event will mark the biggest cryptocurrency airdrop in history. The announcement was made during the Lisbon Web Summit on Tuesday by the CEO of the company, Peter Smith. Everyone within the 30 million customer base of the company will be entitled to tokens as long as they participate in the airdrop with verified wallets. Stellar (XLM) Price Today – XLM / USD Name Price24H (%)$6,476.99 -0.29%$0.234824 -1.78% Blockchain, as a company, offers retail investors digital wallets on a global scale. The giveaway is going to last for six months. The tokens that will be used for the airdrop will be provided by the Stellar Development Foundation. This is a nonprofit organization that was created to promote Stellar Lumens (XLM). The giveaway, is called a cryptocurrency airdrop. It is the process of giving out crypto..

‘World’s Most Bulletproof Crypto’: Company to Create a Coin Backed by...

sponsored This new coin can be used for online payments or money transfer services like PayPal. A Swiss company, Alprockz AG, has developed the cryptocurrency ROCKZ, and says it is the first coin paired to one of the most stable fiat currencies in the world — the Swiss Franc (CHF). According to the company, it has already partnered with Geneva Swiss Bank - GSbanque. The team calls the product “the most reliable and predictable crypto cash”, and claims they created the “world’s most bulletproof cryptocurrency.” The new coin can be used for money transfers, storing assets and for online payment methods like PayPal. CHF as a worth guaranteeAlprockz AG decided to connect their digital asset with the traditional economy. Because of this decision, it offers their new Ethereum blockchain-based platform and cryptocurrency ROCKZ (RKZ), which will be backed by the Swiss national currency, the Franc ($0.99) at the rate of 1:1. The company has also developed a platform to exchange and store ROCK..

Blockchain Software Firm ConsenSys Acquires Asteroid Mining Company

Blockchain software tech company ConsenSys has acquired U.S.-based asteroid mining firm Planetary Resources. Blockchain software technology firm ConsenSys Inc. has acquired American asteroid mining company Planetary Resources, Inc. through an asset-purchase transaction, according to an announcement published Oct. 31. Founded in 2009 and formerly known as Arkyd Astronautics, Planetary Resources is supposedly engaged in the exploration, extracting and refining of resources from asteroids. The company, which reportedly has over 30 investors and has raised more than $50 million in investments, has sent two satellites into orbit over the last six months. Per the recent announcement, Planetary Resources has been acquired by ConsenSys to bring “deep space capabilities” into the ConsenSys ecosystem. Planetary Resources’ President and CEO Chris Lewicki and Counsel Brian Israel have joined ConsenSys following the acquisition. Commenting on the deal, ConsenSys Founder Joe Lubin said that “it ref..

Crypto Security Company Ledger Opens Branch in Hong Kong

Major crypto hardware manufacturer Ledger, with headquarters in Paris and San Francisco, extends to the Asia Pacific. Crypto hardware wallet firm Ledger has announced it is opening a new branch in Hong Kong, according to a press release shared with Cointelegraph Wednesday, Oct. 31. One of the leading hardware wallet manufacturers with headquarters in Paris and San Francisco, Ledger also reveals that it has assigned Benjamin Soong as head of the Asia Pacific (APAC), responsible for all Ledger operations held in the region. Soong is a former managing director for U.S. financial analytics corporation S&P Global. Ledger’s president Pascal Gauthier further explained that Soong will help the company monetize its opportunities in APAC: “He brings a tremendous amount of experience and expertise in the region, which will help Ledger capitalize on future opportunities. APAC is a key market that has seen increased demand. With Benjamin at the helm, we are confident we can deliver top security fo..

Singapore: Major Utility Company Launches Blockchain-Based Solar Energy Marketplace

SP Group, a major company providing electricity and gas in Singapore, has opened a blockchain-powered marketplace for renewable energy certificates trade. SP Group, a major corporation providing electricity and gas transmission in Singapore, has launched a blockchain-powered renewable energy certificate (REC) marketplace, the company reveals in a press release Monday, Oct. 29. The platform was unveiled at the ASEAN Energy Business Forum held in Singapore this week. The press release notes that SP Group plans to use blockchain to help the company increase transparency and efficiency. Samuel Tan, chief digital officer of the corporation, further explained: “Through blockchain technology, we enable companies to trade in renewable energy certificates conveniently, seamlessly and securely, helping them achieve greener business operations and meet their sustainability targets.” The marketplace will support both local and international RECs — the documents that serve as proof that a particul..

‘Pretty Upset’: Coinbase Staff Protest as Company Cuts ‘at Least 15’...

Coinbase has confirmed it has made lay-offs among several departments but did not comment on the rumored numbers involved. U.S. cryptocurrency exchange and wallet provider Coinbase has cut “at least” fifteen staff after hiring 250 this year, Yahoo Finance quotes unidentified sources as saying Friday, Oct. 26. In a curious U-turn following a year of pledges to bolster the number of workers dealing with exploding customer demand, the company confirmed the lay-offs in a statement about its future hiring practices. “We’ve learned that certain teams who are co-located are more efficient, effective, and happier in their roles,” Yahoo quotes the statement as reading: “So moving forward, some teams – including Support, Fraud, and Compliance – will only hire employees into Coinbase offices.” While Coinbase did not officially confirm how many employees had lost their jobs, “insider” sources at the company said the number was not lower than fifteen. “People here are pretty upset about it, and so..

Vietnam’s Largest Telecoms Company Enters Blockchain Sphere, Aims to Be Industry...

The innovation wing of Vietnam’s largest telecoms operator Viettel aims to become the country’s leading blockchain provider in the next five years. The Viettel Enterprise Solutions Corporation has set a goal to become Vietnam’s leading blockchain technology provider in five years, local news outlet Viet Nam News reported Oct. 25. The Viettel Enterprise Solutions Corporation is a development and innovation wing of Vietnam’s largest telecommunications operator Viettel Group. The Viettel Enterprise Solutions Corporation was established earlier in October to focus on providing information and communication technology solutions to the governmental and commercial sectors, and to assist in building a digital government. Speaking at a workshop called “Blockchain at Viettel,” the company’s deputy general director Ngô Vĩnh Quý reportedly said that Viettel is eager to keep pace with development trends, including blockchain technology. Ngô assured that the corporation has the necessary resources,..
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