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Russia’s non-profit copyright society plans to launch a blockchain-powered platform for managing intellectual property-secured loans. Major NGO the Russian Authors' Society (RAO) will launch a blockchain-based financial platform for intellectual property-secured loans, according to Russian news outlet TASS Nov. 16. RAO’s CEO Alexander Sukhotin revealed that the project, dubbed CoFi, is at its final stages of development and is set to be launched in the first quarter of 2019. The platform intends to bring together potential intellectual property rightsholders and investors that are ready to provide loan funds. The intellectual property market is facing a significant need for a system that will enable direct communication between rightsholders and investors, in order to issue loans secured by patents and other forms of intellectual property, Sukhotin stated at a roundtable entitled "Cult & Tech: New Content Economy" at the International Cultural Forum in St. Petersburg. RAO’s gener..
sponsored A blockchain network which can handle 40 million transactions per second is seeking to attract large enterprises – aiding mainstream adoption of the technology. A blockchain/DAG hybrid platform has unveiled bold plans to entice businesses to use its technology – and says its “unprecedented speed, scalability and security” has the potential to benefit enterprises that handle a high frequency of transactions. BEXAM initially intended to serve the cryptocurrency market as a hybrid exchange which used a unique algorithm to deliver the best features of centralized and decentralized platforms alike. However, the startup has decided to refocus its proposition after receiving glowing feedback about its technology – moving away from the congested exchanges sector to capitalize on its infrastructure, which delivers block times of 0.2 seconds and can handle an estimated 40 million transactions per second. The team behind BEXAM says that, at present, enterprises have been faced with an..
sponsored A digital money platform is offering instant money transfers with almost zero fees – and enables customers to exchange between over 30 currencies including fiat, commodities, and cryptocurrencies. A digital money platform is challenging rivals by offering instant transfers from a greater number of cryptocurrencies, fiat currencies, and commodities – all with the ambition of reducing the seemingly endless costs and fees customers face. According to Uphold, it is free to open an account on its platform and transfer funds from bank accounts – and there are also low costs and no limits attached to sending or receiving money (if it is the same currency) to other Uphold members, whether they are down the street or on the other side of the world. This format is especially useful when it comes to remittances, where many foreign workers face astronomical charges while sending money back to their loved ones thousands of miles away, the company adds. In an aim to be transparent, Uphol..
The Chinese city of Loudi in Hunan province launches a real estate blockchain platform backed by local land, tax and real estate departments. The Chinese city of Loudi has launched a blockchain platform to store real estate data, the Chinese Communist Party’s official newspaper, People’s Daily, reports Nov. 13. The platform is backed by land, tax and real estate departments in the city, which is located in central Hunan province. Starting Nov. 15, the new system will let citizens avoid lines and other bureaucratic processes when submitting documents to the above-listed departments, the newspaper states. Also today, the first real estate electronic voucher was issued in the city via the new blockchain-based system. China is among the countries actively adopting blockchain technology on both the public and private levels. In September, the People's Bank of China (PBoC) announced the “Guangdong, Hong Kong and Macao Dawan District Trade Finance Blockchain Platform,” which aims to pro..
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A blockchain-driven platform for energy commodity trading, joined by BP, Shell, and Equinor along with large banks, will become fully operational by 2019. Major oil companies BP, Shell, and Equinor have united with large banks and trading houses to launch a blockchain-driven platform Vakt for energy commodity trading. The partnership was reported by independent news agency covering energy and commodities markets S&P Global Platts Monday, Nov. 12. Apart from the three oil companies mentioned above, Vakt includes banks ABN Amro, ING, and Societe Generale, along with trading houses Gunvor, Koch Supply & Trading, and Mercuria. The blockchain solution, first announced in November 2017, will enable major industry players to move from “cumbersome” paperwork to smart contracts, thereby helping to reduce time spent on operations and make trading more efficient. While participating in the S&P Global Platts Digital Commodities Summit in London today, Nov. 12, Lyon Hardgrave, product development ..
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 ..
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Estonia-based blockchain startup, NCrypto Networks OU, has announced the service launch of its complete cryptocurrency ecosystem solutions platform. Developed to help overcome the complexity involved in storing, spending, exchanging, and participating in token sales offering, NCrypto has been built from the grounds up with a strong focus on bringing transparency to the tokenization and exchange of digital assets. Service launch is scheduled to commence on November 11th, 2018 for all users to create wallets, issue tokens, and start trading. Making the Complex Simple From the inconveniences of juggling multiple wallets to those uncertain and precarious shuttle between exchanges fraught with numerous risks, getting into cryptocurrency can be quite the daunting task for those just starting out. NCrypto.io has set out..
Blockchain platform MultiVAC has published its sharding data, claiming to be on the path to “solving” blockchain scaling issues. Blockchain platform MultiVAC has claimed it has reached a “breakthrough” in the blockchain scaling technology sharding, according to a press-release Nov. 5. According to the company’s release, MultiVAC reported achieving 30,784 transactions per second (TPS) using 64 shards. While the total amount of transactions for all shards used exceeded 30K at its peak, a single a shard was claimed to reach 533 TPS. MultiVAC also claimed in the release that their “all-dimensional sharding expansion solution” could potentially be used for large-scale commercial applications, as well as for crypto mining on low-performance computers. The term sharding in crypto is most often applied in reference to the Ethereum (ETH) blockchain’s upcoming major upgrades. In May 2018, Ethereum’s co-founder Vitalik Buterin hinted that sharding – or splitting up the workload for transaction b..
Global trading platform eToro reveals its plans to launch its own cryptocurrency, GoodDollar, to provide economic tools for the unbanked. Trading platform eToro has recently unveiled blockchain-driven social project GoodDollar to tackle global wealth inequality, according to a press release obtained by Cointelegraph Wednesday, Nov. 7. GoodDollar had been presented at Web Summit held this week in Lisbon, Portugal. According to the release, eToro has invested $1 million of its funds to the project and is seeking for more partners to join the initiative. The project’s main goal is to provide economic tools for people who are unbanked or disenfranchised, creating “non-speculative cryptocurrency that aims to find ways to reduce wealth inequality on a global scale,” the release reads. The decentralized solution claims to establish a direct ownership connection between identity and the currency, thus helping to get funds directly without the interference of middlemen. Trading platform eToro,..