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Tag Archives: Blockchainpowered

DOVU Board Welcomes Two New Advisors to Blockchain-powered Mobility Project

The blockchain transport data initiative, which is backed by Jaguar Land Rover’s innovation arm InMotion Ventures, aims to revolutionise the way the mobility industry accesses vital information.
 September 13th, 2017 – DOVU, the forward-thinking blockchain initiative that aims to create an open, transparent market for transport data, is announcing the arrival of two new advisors to their board. Rob Jones ...

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Blockchain-Powered Islamic Bonds to Fund Microfinance Projects in Indonesia

Indonesian firm Blossom Finance has announced plans to launch blockchain-based sukuk, Islamic bonds, to fund microfinance projects in the Muslim-majority country. Blossom Finance’s “Smart Sukuk” to Automate Issuance of Islamic Bonds The project, to roll out in the coming months, involves using distributed ledger technology to keep issuance costs low while attracting a large pool of retail investors, said Khalid Howladar, chief strategy officer. ...

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Overstock.com VC Firm Invests $6 Million in Blockchain-Powered Social Network

Medici Ventures, the wholly-owned blockchain subsidiary of Overstock.com, was the sole investor at the Series A funding round of blockchain-powered social network Minds with an investment of $6 million. Blockchain Social Network Minds Raises $6 Million from Overstock.com’s Medici Ventures in Series A Round The previous seed round in 2013, and equity crowdfunding in 2017, raised $347,300 and $1 million, ...

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Crypto Firm Pundi X Introduces Blockchain-Powered XPhone

Crypto startup Pundi X today revealed a new blockchain-powered smartphone called the XPhone, at the ongoing XBlockchain Summit in Bali. Function X and XPhone To Bring Blockchain to Everyday Life Pundi X, best known for their NPXS cryptocurrency token, XPASS card, and Pundi XPOS point-of-sales devices for retail transactions, has announced a blockchain-powered smartphone called the XPhone. The firm made ...

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Australian Real Estate Major to Trial Blockchain-Powered Solar Energy Management Solution

Australian firm Vicinity has announced it will trial a blockchain solution for its energy network. The company revealed this Thursday, September 25 in an official press release. Vicinity – with more than $42 billion in real estate assets under management – has partnered with Australian energy tech company Power Ledger. The newly announced trial is a part of Vicinity’s $75 ...

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Smart Dubai and DIFC Courts Partner to Explore Blockchain-Powered Judiciary

The Dubai International Financial Centre (DIFC) Courts and Smart Dubai have announced their partnership to develop a “Court of the Blockchain,” for streamlining the legal system, local news outlet Arabian Business reports today, July 30. DIFC and Smart Dubai will reportedly explore how the technology could aid verification of court judgements for cross-border enforcement as part of a wider push ...

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The Rise of Blockchain-Powered Trade Finance Platforms

Although they don’t hold the same disruptive promise of radical decentralization as do their permissionless counterparts, private blockchains that governments and corporations run are still capable of transforming entire sectors of the world economy. Global trade has long been viewed as one of the most conspicuous areas for instrumental application of distributed ledger technology (DLT), with both trade finance and ...

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BBVA Signs $117 Mln Blockchain-Powered Corporate Loan

Banco Bilbao Vizcaya Argentaria (BBVA) has signed a new blockchain-based loan with civil engineering firm ACS Group, according to the BBVA’s official statement July 19. BBVA, a multinational Spanish banking group, signed an agreement with ACS to provide a long-term bilateral corporate loan of €100 million ($117 million). The new blockchain-powered loan contract will reportedly boost the efficiency in financial ...

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American Express Files Patent for Blockchain-Powered Proof-of-Payment System

Financial services giant American Express (Amex) has filed a patent for a blockchain-based proof-of-payment system, according to filing published by the U.S. Patent and Trademark Office (USPTO) Thursday, July 12. The patent’s applicant is listed as American Express Travel Related Services Co., Inc., Amex’s travel arm. The proposed system would automate proof-of-payments by encrypting payment payload data with a public ...

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