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Automotive giant Wanxiang partners with blockchain firm PlatON to handle data for new smart city in China. Automotive giant China Wanxiang Holding Co., Ltd has partnered with blockchain-based tech firm PlatOn to develop a “smart city” in Hangzhou, according to a report by CryptoNinjas on June 20. According to the report, the smart city—dubbed “Innova City”—will be built with tech using PlatON’s blockchain infrastructure, for purposes like interfacing with city resident ID cards as well as monitoring driving behavior. The report includes a statement from Chief Innovation Officer at Wanxiang, Vincent Wang, who goes into more detail on such applications, saying: “Imagine a smart transit system that tracks and rewards responsible driving behavior, or a renewable power grid that incentivizes energy generation and trading, or even a myriad of urban services that can be validated, built, and offered at ease without the constraints of rigid data silos.” As per the report, Chief Strategy Offic..
IT infrastructure company Avelacom has partnered with digital currency exchange Seed CX. Trading IT infrastructure company Avelacom has partnered with digital currency exchange Seed CX, according to a press release published on May 23. The partnership aims to allow institutional clients of Avelacom — an IT infrastructure provider for the financial services industry — to utilize Seed CX’s real-time market data and order-routing products. Currently, Seed CX provides services of a licensed exchange for institutional trading and settlement of spot digital asset products, with plans to offer its products for Commodity Futures Trading Commission-regulated digital asset derivatives. Managing Director of Avelacom Aleksey Larichev said that crypto markets have experienced “low uptime, slow matching engines, insufficient support and platforms that are not friendly for latency and jitter sensitive applications.” The new partnership will purportedly improve access to pertinent data for crypto tra..
Blockchain infrastructure firm Blockstream announced the launch of its security token platform. Blockchain infrastructure firm Blockstream announced the launch of its security token platform in a press release shared with Cointelegraph on May 15. Per the announcement, the new Liquid Securities platform is a solution for businesses to issue security tokens on the Liquid Network. Blockstream Chief Security Officer Samson Mow claims that while businesses are willing to issue tokenized securities, platforms such as Ethereum are not the right choice because of their scalability, privacy and reliability limitations. Blockstream claims that its platform is more suitable for such use: “Now, with the launch of Liquid Securities, businesses can quickly issue Liquid-based security tokens with the click of a button,and establish sophisticated rulesets to conform with their regulatory requirements...” The platform will reportedly launch with four partners: investment platform BnkToTheFuture, multi..
The exchange plans to complete the rollout of its new platform in partnership with Digital Asset Holdings by 2020. The Australian Securities Exchange (ASX) has released the first code for its replacement app development tool based on blockchain, the company confirmed in a press release on May 7. The new platform, dubbed the Customer Development Environment (CDE), builds on the exchange’s previous offering, Chess, which will now be retired. The initial features, which hinge on distributed-ledger technology (DLT), began a rollout at the end of April, with ASX drip-feeding more to users in roughly two-month intervals before the platform is fully live next year. The scheme is a joint partnership with Digital Asset Holdings, the United States-based DLT firm formerly chaired by Blythe Masters. “We know our progress is being watched internationally and is an important bellwether for the technology's adoption,” Peter Hiom, ASX’s deputy CEO, commented in the press release. He continued: “..
WISeKey has acquired a 22% interest in American data infrastructure firm Tarmin through a multi-million USD transaction. Switzerland-based blockchain, Internet of Things (IoT) and cybersecurity firm WISeKey has acquired a 22 percent interest in American data infrastructure firm Tarmin through a multi-million USD transaction, exact amount unspecified. The news was revealed in an official announcement from WISeKey on April 3. WISeKey focuses on creating digital identity ecosystems that implement blockchain, AI and IoT technology for people and smart device, while Tarmin develops scalable data and software defined infrastructure for high-volume data management and secure storage. WISeKey’s agreement to acquire a 22 percent interest in the latter had been signed in the fall of last year. The investment will enable WISeKey to integrate Tarmin’s secure cloud offering and data management architecture — the GridBank Data Management Platform — into WISeID.com. WISeKey proposes that the integra..
Global post-trade market infrastructure giant The Depository Trust & Clearing Corporation (DTCC) has published guiding principles for the post-trade processing of tokenized securities. The Depository Trust & Clearing Corporation (DTCC), a global post-trade market infrastructure giant, has published a white paper outlining guiding principles for the post-trade processing of tokenized securities. News of the white paper was announced in an official DTCC press release on March 13. The paper — targeted at regulators and other market participants — identifies the characteristics that are unique to the emerging tokenized security asset class and its market structure. In the press release, DTCC proposes that: “The market for trading crypto assets that are security tokens where the post-trade processing uses distributed ledger technology (DLT), has created a need for safety, security and reliability around these transactions to protect market stability.” DTCC deems that global policy standard..
Blockchain tech company ConsenSys invests in startup Allinfra, which aims to tokenize the unlisted infrastructure area. Ethereum (ETH) blockchain-focused development company ConsenSys has invested in an infrastructure investment startup, Allinfra, according to a press release shared with Cointelegraph on Feb. 21. As per the announcement, Allinfra will rely in part on ConsenSys’ technological capabilities and expertise in the tokenized assets area. The exact amount of the investment has not been disclosed. Allinfra facilitates direct investments in unlisted infrastructure assets via the Ethereum blockchain, providing users with the ability to create, purchase and transfer economic or ownership interests in these assets. As per ConsenSys, the solution makes the sector available not only to large institutional investors, but to a broader audience of investors. Joe Lubin, Ethereum co-creator and ConsenSys founder, was quoted in the press release as saying that Allinfra will contribute to..
Switzerland’s national postal service Swiss Post and state-owned telecoms provider Swisscom are partnering on a “100% Swiss” permissioned blockchain infrastructure. Switzerland’s national postal service Swiss Post and state-owned telecoms provider Swisscom are partnering on a “100 percent Swiss” blockchain infrastructure, according to a press release Dec. 6. The new infrastructure is reportedly the first private, or permissioned, blockchain to be operated jointly by two entities; its key premise is to provide a service that retains all data within Switzerland, and that can meet the security requirements of banks. The companies, both of whom already implement in-house blockchains for different purposes, have revealed their new common infrastructure will be based Hyperledger Fabric 2.0 software. The first pilot applications –– geared towards enterprises and public authorities seeking a “secure and verifiable” system to handle sensitive digital business processes –– will reportedly come..
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According to some industry experts, entering the crypto and blockchain space will require some companies to rethink how they organize their IT infrastructure. Industry experts say that financial institutions will have to replace their existing internal IT infrastructure for greater adoption of blockchain and digital currencies, Scotland’s national news outlet the Scotsman reported Nov. 9. Delivering a speech at the ScotChain18 conference in Edinburgh devoted to blockchain technology impact on commerce, Jeremy Drain of cryptocurrency-focused software company Libra reportedly stated that “there’s an assumption by some companies that their current infrastructure will accept crypto and blockchain.” Drain further explained that those firms’ data is too different, so their systems are unable to work with blockchain and crypto. Other participants like Deloitte’s Risk Advisory Leader for Fintech and RegTech Kent McKenzie and Apolline Blandin of the Cambridge Centre for Alternative Finance, ad..
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