Author: TheBlockchainExaminer.com

innovex-2023-gathers-startups-from-22-countries-demonstrating-endless-possibilities

InnoVEX 2023 Gathers Startups From 22 Countries Demonstrating Endless Possibilities

May 29, 2023 Published by

 

The InnoVEX exhibit for startups at COMPUTEX 2023 will be held at Taipei Nangang Exhibition Hall 2 from May 30 to June 2. As a global platform for startups, InnoVEX 2023 will integrate 5G, AIoT, healthcare technology, metaverse and XR, electric vehicles and smart mobility, green technology, and other innovative solutions. A total of 400 participating startup teams from 22 countries and 8 pavilion countries, including France, Belgium, Italy, the Netherlands, Poland, Japan, Brazil, and Israel, will showcase diverse creativity.

InnoVEX Forms a New Global Village Gathering National Pavilions

Every year, InnoVEX brings together startups and ICT experts from many countries, connecting rich creative industry resources and funds worldwide. This year, in addition to inviting the European Bank for Reconstruction and Development (EBRD) to lead startups from emerging markets such as Eastern Europe and Africa to participate in the exhibition, there are also several national pavilions. As a result, the global innovation ecosystem is expected to spark business energy at InnoVEX.

This year, there are many European pavilions. The four main themes of the French Pavilion include power supply and management, consumer electronics, human-computer interaction, and information and communications security. Among them, leading battery manufacturers’ solid-state micro battery fast charging technology attracts much attention. Flanders Pavilion of Belgium leads an interdisciplinary team of system integrators, blockchain technology, submarine cable monitoring and maintenance through machine learning, and Belgium’s fastest-growing silicon photonics semiconductor company. The Italian Pavilion participates in the exhibition for the first time as a national pavilion, showcasing research and development of the first integrated query algorithm for vessel-sharing transactions and innovative construction site monitoring. The Dutch Pavilion returns with the tagline “The Orange Accelerator,” which focuses on the futuristic and sustainable blockchain space and promotes the new application of blockchain authentication solutions. Finally, architectural design software, screen protection, and software development teams are presented in the Poland Pavilion, hoping to use mature technology and experience of successful business model experience to communicate with innovations from all walks of life.

Moreover, 10 new startup teams will be in attendance, expecting closer cooperation between Taiwan and Japan at the Japan Pavilion. The Brazil Pavilion hopes to use mature technology and business models to communicate with the world. And the Israel Pavilion is world-renowned in the field of information security technology.

The Technology and Creativity of the Startup Teams

In addition to the country pavilions, startup teams supported by accelerators or government units are also exciting. The Garage+ leads 37 technology startups selected from over 200 startups from 38 countries worldwide to participate in the exhibition. Far EasTone Accelerator, participating in the exhibition for the first time, used InnoVEX to promote communication between its cloud and Internet of Things startups and international startups.

The TREE Innovation Theme Pavilion of the Ministry of Economy’s Technology Department responds to the government’s three innovation development visions: Connecting the Future, Connecting the World, and Connecting the Local Area. The focus is on applying scientific research innovation in semiconductors, information security, AI, smart life, biotechnology, and more.

Taiwan’s latest accelerator TAcc+, in conjunction with “Linkou Startup Terrace”, ” Yawan Startup Terrace”, “National Yang Ming Chiao Tung University Accelerator A2T Program”, “Hsinchu Biomedical Industry and Incubation Center” and other units, exhibit together in the small and medium-sized enterprise department of the Ministry of Economic Affairs. The Innovation Theme Pavilion showcase in the fields of smart healthcare, smart life, smart manufacturing, and green technology.

The first-timer Tainan’s New Startup Pavilion establishes local innovation as the theme and combines with teams such as zakka & cafe and Taiwan Pure Culture & Education Development Association to demonstrate the achievements of industrial transformation and the endless possibilities of cross-field innovative applications.

Forums and Presentations to Create a Global Exchange Platform for Startups and Venture Capital

To connect Taiwan to the global startup ecosystem, a series of activities will also be held in the InnoVEX exhibition area, such as: What’s New: The future technology and the next startup trend 2023 hosted by TAITRA will be held on May 31. In addition to imec.Xpand partners and WIEC to share global investment trends, professionals from multinational companies such as Barco, a leader in Belgian visualization solutions, and ITEN, a leading French battery manufacturer, were invited to share information on AR, VR, and smart healthcare, as well as the advantages of creative applications in smart homes and other fields and the trend of international venture capital.

The all-day Global Demo Day event is expected on June 1st. Teams from France, Italy, the Netherlands, and Belgium, and teams organized by the European Bank for Reconstruction and Development and the Far EasTone Accelerator, will present application products and solutions for innovative industries, interact with local startups and discuss their strengths to discover potential investment opportunities.

best-inc.-publishes-2022-esg-report,-driving-green-logistics-through-digitalization

BEST Inc. Publishes 2022 ESG Report, Driving Green Logistics through Digitalization

May 29, 2023 Published by

 

BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today released its “2022 ESG Report,” highlighting the company’s fulfillment of social responsibilities, global participation in social welfare initiatives, and promotion of green logistics through digitalization.

The report is divided into seven sections, showcasing BEST’s contributions to social welfare and green logistics. In 2022, it delivered goods to areas affected by the pandemic for free, reduced paper usage by 8.5 million A4 sheets annually through blockchain technology, and saved 70,000 liters of diesel by continuously replacing diesel forklifts with electric forklifts.

The Company also formed long-term strategic partnerships with over 100 colleges and universities, and participated in public welfare activities, such as helping underprivileged students and donating goods.

“Social support and trust are essential to corporate development,” said Johnny Chou, BEST Inc.’s Chairman and CEO. “As a logistics enterprise, BEST has always prioritized green practices, digitalization, and mutual benefit, in order to promote sustainable development and create greater value for our customers, employees, and society.”

BEST Inc. generated RMB 7.74 billion in total revenue in 2022, with service in eight countries. The Company achieved full coverage of its express network in four Southeast Asian countries and was listed in the “Top 500 Private Enterprises in China” in 2022.

gate-group-launches-10th-anniversary-special-charity-campaign:-gate-charity-1:1-donation,-double-your-impact

Gate Group Launches 10th Anniversary Special Charity Campaign: Gate Charity 1:1 Donation, Double Your Impact

May 25, 2023 Published by

 

Gate Charity, a global non-profit philanthropic organization, announces the launch of Special Charity Campaign “Gate Charity 1:1 Donation, Double Your Impact” in celebration of Gate Group’s 10th anniversary, aiming to support charitable causes that make a real difference in the world.

As Gate Group commemorates its 10th anniversary, the firm invites users to join forces in the Gate Charity Special Charity Campaign to support projects that significantly improve people’s lives. Gate Charity is committed to doubling the impact of every contribution through a 1:1 match donation, allowing donors to create an even greater positive impact on people in need.

“The 10th anniversary is a significant milestone for Gate Group, and we would like to celebrate it by contributing to the welfare of the global community,” said Dr. Lin Han, Founder & CEO at Gate Group. “With your help and Gate Charity’s 1:1 matching donation, we can make a greater impact in supporting various charitable programs and causes across the globe.”

The Gate 10th Anniversary – Gate Charity Special Charity Campaign will direct the funds raised towards three exceptional causes: World Vision, Charity: Water, and Room to Read. By donating to these causes, supporters can make a tangible difference in the lives of individuals and communities in need.

For users who donate to World Vision, their contributions will go towards sponsoring children in need worldwide through established charitable organizations. As part of the Gate Group 10 for 10 Education Initiative, Room to Read aims to improve access to education and literacy programs for underserved communities. Lastly, supporting Charity: Water will aid in providing clean water to vulnerable communities worldwide, fostering health, education, and economic opportunities.

Since its establishment in 2013, Gate Group has remained committed to providing users with safe, convenient, professional, and reliable digital asset services. While pursuing platform growth, quality services to global users, and furthering crypto adoption remain a top priority, Gate has not forgotten the importance of social responsibility.

As Gate Group serves users globally, it began organizing philanthropic actions worldwide with the vision of leveraging blockchain for positive social impact. To better realize that vision, Gate Group established Gate Charity, a global non-profit charity organization focusing on promoting the application of blockchain technology in philanthropy.

SOURCE Gate.io

chile-fintech-forum-—-sunflower-technology-platform-expands-industry-connections-and-explores-fintech-landscape-in-chile-and-latin-america

Chile Fintech Forum — Sunflower Technology Platform Expands Industry Connections and Explores Fintech Landscape in Chile and Latin America

May 24, 2023 Published by

 

Sunflower Technology Platform, a leading fintech company, sent representatives to attend the prestigious Chile Fintech Forum held at the InterContinental Hotel in Santiago. The forum, considered the most significant fintech event in Chile, provided a platform for industry experts, members, and technology finance professionals to come together and discuss the latest advancements in the financial technology sector.

Sunflower Technology Platform is deeply committed to knowledge-sharing and collaboration, exemplified by the deployment of its local representatives at the esteemed event. The company’s resolute emphasis on shaping the future of Web 3.0, artificial intelligence, big data, cloud computing, and other groundbreaking initiatives is unwavering. Throughout the forum, Sunflower Technology Platform’s representatives actively fostering an exchange of ideas and insights with fellow attendees. They showcased the company’s innovative solutions and presented their visionary outlook for the future of fintech. The event served as a platform for Sunflower Technology Platform to strengthen its industry alliances and further solidify its position as an industry frontrunner committed to driving innovation and propelling the fintech landscape forward.

The Chile Fintech Forum covered a wide range of topics, including fintech regulations, open finance and open data, digital wallets, payments and remittances, digital finance, investment and digital savings, DeFi, cryptocurrencies, and metaverse, embedded finance, venture capital, and fintech talent. The discussions revolved around the latest trends, best practices, and emerging opportunities within the fintech landscape, encompassing technological advancements, regulatory frameworks, and business models.

Sunflower Technology Platform, a leading advocate of digital transformation and technological innovation, reaffirms its commitment to actively participate in fintech forums across Latin America. These forums provide an invaluable opportunity for in-depth discussions, facilitating the exchange of industry knowledge and fostering meaningful connections with esteemed experts, thought leaders, and fellow fintech professionals. With a forward-thinking approach, Sunflower Technology Platform is poised to leverage its expertise in cutting-edge domains such as Web 3.0, artificial intelligence, big data, and cloud computing. By showcasing innovative solutions and sharing future development plans, the company aims to drive the advancement of the fintech industry. Embracing its role as a catalyst for technological progress, Sunflower Technology Platform remains steadfast in its mission to promote collaboration within the fintech ecosystem and foster a climate of continuous innovation.

Sunflower Technology Platform, an ardent supporter of innovation and collaboration within the fintech industry, aims to drive and facilitate advancements through its communication in fintech forums across Latin America. By actively engaging with industry experts, the company has gained valuable insights into the fintech landscape in Chile and Latin America. Through knowledge-sharing initiatives and collaborative efforts with various institutions, Sunflower Technology Platform has made significant contributions to the development of Web 3.0 and the overall progress of the fintech sector. The company firmly believes that by forging strong partnerships, it can accelerate industry advancements and provide users in Chile and Latin America with enhanced security, inclusivity, and personalized financial services and experiences.

Sunflower Technology Platform utilizes blockchain technology and smart contract technology to analyze credit debt data and algorithm technology, providing users with accurate information and personalized credit debt solutions. This technology can better help individuals and businesses understand their credit situation, and help investors better assess their credit risks.

Sunflower Technology Platform, a dynamic force in the fintech industry, is dedicated to actively engaging in future fintech-related events. The company recognizes the pivotal role of these gatherings in driving industry innovation and collaboration. With its visionary approach, Sunflower Technology Platform is poised to make significant contributions to the advancement of the fintech sector by leveraging its expertise in cutting-edge domains such as Web 3.0, artificial intelligence, big data, and cloud computing. The company is committed to fostering partnerships and knowledge-sharing initiatives that will ultimately benefit users by providing them with cutting-edge and personalized financial solutions, enabling them to thrive. Through its participation in the Chile Fintech Forum, Sunflower Technology Platform has identified the immense market potential in the region, further reinforcing its dedication to driving innovation and fostering cross-border collaboration.

galaxy-to-participate-in-the-piper-sandler-global-exchange-&-fintech-conference

Galaxy to Participate in the Piper Sandler Global Exchange & Fintech Conference

May 24, 2023 Published by

Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Galaxy”), a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, today announced that Mike Novogratz, Founder and CEO, will participate in a fireside chat at the Piper Sandler Global Exchange & Fintech Conference on Wednesday, June 7, 2023, at 8:00 a.m. ET in New York City, at the Lotte New York Palace. Mike is expected to provide his thoughts on the latest trends emerging within, and shaping the maturation of, the digital assets sector.

A link to the live webcast of the presentation will be available on Galaxy’s Investor Relations website: https://investor.galaxy.com/. For those unable to listen to the live audio webcast, a replay will be available on Galaxy’s Investor Relations website shortly after the event.

near-foundation-and-airchains-join-forces-with-sankalptaru-foundation-to-boost-accountability-in-tree-plantations

NEAR Foundation and Airchains Join Forces with SankalpTaru Foundation to Boost Accountability in Tree Plantations

May 11, 2023 Published by

 

SankalpTaru Foundation, a non-profit organization dedicated to promoting sustainable living and biodiversity conservation, announced today that it is partnering with NEAR Foundation, the non-profit that supports the on-going growth and development of the NEAR Protocol, a high-performance, low cost  and super scalable carbon-neutral blockchain, and Airchains to transform the tree plantation ecosystem with blockchain technology. By using NEAR Protocol along with Airchains‘ cutting-edge web3 middleware SaaS solution,  SankalpTaru Foundation is making tree plantations more transparent, traceable, and accountable.

Preserving the environment has emerged as one of the key goals globally as climate change, adverse environmental conditions, pollution, greenhouse emissions, and more are impacting planet earth every day. Around 10 million hectares of forest is cut down every year to provide land for housing and urban development. Governments worldwide are making conscientious efforts to promote environment conservation, eco-friendly measures, reduce carbon footprint, and employ carbon offsetting initiatives such as tree plantation, reforestation, renewable energy usage, recycling, etc. To accomplish these sustainability goals, funds are released frequently by governments to ensure environmental conservation awareness and preservation, yet corrupt practices trickle through that inhibit the progress immensely. Practices such as illegal logging, illegal trade, poaching, misuse of public funds, fraudulent reports, and the like, are still existent and rampant in the sector.

SankalpTaru Foundation, one of India’s leading IT enabled NGOs, has recognized the potential of blockchain to enhance transparency, traceability, and accountability in tree plantation operations. NEAR Protocol will allow SankalpTaru Foundation to create tamper-proof digital records of each tree planted, including its species, location, and growth status. This will enable the foundation to monitor the progress of its tree plantation initiatives in real-time, ensure compliance with environmental regulations, and track the impact of its efforts on biodiversity and carbon sequestration.

Airchains’ web3 middleware SaaS, on the other hand, will enable SankalpTaru Foundation to automate the payment and delivery of goods and services to its stakeholders, such as seed suppliers, nurseries, and farmers. Airchains’ middleware will integrate with NEAR Foundation’s blockchain to ensure secure and transparent transactions, reducing the risk of fraud and corruption. Donors can track their contributions and follow the progress of each planted tree through geolocation and geofencing. This pioneering move will not only provide real-time data for each tree but also enable better monitoring of plantation density in specific areas, fostering a sustainable and greener future.

“SankalpTaru was started with a group of nature enthusiasts dedicated to becoming the medium between technology and green environment. With over 5 million trees planted, recorded, and tracked, having covered 26 states and UTs in India, we are still on our journey to making the planet greener. By incorporating blockchain technology into our ecosystem, we wanted to enable trust, transparency, and accountability for our donors and provide an exclusive unique experience to them. Through this immutable technology, the increased trust in our process and accountability will further our cause for greenery. Along with that, donors can also track various stages of the tree plantation process and track their contributions.”  Apurva Bhandari, Founder, SankalpTaru

“Partnering with SankalpTaru Foundation in their endeavor to ensure a greener planet and promote a more sustainable and equitable world by aiding them with our cutting-edge blockchain infrastructure has been an exciting experience. Through flexible and seamless integration, we have created a trustworthy environment for the donors which is tamper-proof and fully transparent and ultimately we hope this would increase the conversation around how blockchain technology could be incorporated into the environment sector to ensure secure tracking, recording, and documentation, and that this technology still has considerable untapped potential.” Ankur Rakhi Sinha, Co-founder and CEO, Airchains

The donations made to the foundation are used for different activities undertaken to sustain the environmental efforts and support local farmers. They also have Gramyumm, an initiative organized by them to uplift rural communities through e-commerce and hosting their produce for sale on the foundation’s website.

“NEAR Foundation has been at the forefront of supporting Indian innovations and contributing to a better future. Our scalable and developer-friendly blockchain platform will enable SankalpTaru Foundation to create innovative solutions that drive positive social and environmental impact. With this integration with SankalpTaru and Airchains, which is a novel sustainable technology initiative, we are expanding our scope to include new industries that have not yet utilized blockchain to the best of its offerings and want to nurture that growth as the technology continues penetrating more sectors.” Arpit Sharma, Managing Director, India, SE Asia, and Middle East for the NEAR Foundation.

real-estate-tokenization-market-booms-with-impressive-cagr-of-19.8%:-new-report-reveals-robust-growth-in-property-tokenization-industry-–-prophecy-market-insights

Real Estate Tokenization Market Booms with Impressive CAGR of 19.8%: New Report Reveals Robust Growth in Property Tokenization Industry – Prophecy Market Insights

May 9, 2023 Published by

 

Real Estate Tokenization is the procedure of converting real estate value assets in digital tokens on block-chain to enable ownership and digital transfer.

The growing need to protect sensitive data by adhering to PCI DSS rules, as well as an increase in the number of payment frauds has contributed to the growth of the Real Estate Tokenization market. Wide applications in compliance management, user authentication and payment security is anticipated to increase the demand for Real Estate Tokenization market in future.

Order free Sample Copy of the Report:

https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4857

(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis and our research methodology.)

Our Sample Report Includes:

  • 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
  • 115+ Pages Research Report (Inclusion of Updated Research).
  • Provide Chapter-wise guidance on Request.
  • 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends.
  • Includes Updated List of table & figures.

Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Market Dynamics:

Real estate tokenization is a relatively new concept that involves using blockchain technology to fractionalize ownership of real estate assets. The market for real estate tokenization has been rapidly growing in recent years, as it provides several benefits to real estate investors, including increased liquidity, reduced transaction costs, and access to a broader pool of investors. One of the primary industry dynamics driving the growth of the real estate tokenization market is the increasing demand for alternative investment opportunities. Traditional real estate investment opportunities can be costly, illiquid, and require significant capital investments. Real estate tokenization allows investors to purchase fractional ownership in real estate assets, reducing the capital requirements and increasing accessibility to a broader pool of investors.

Another factor driving the growth of the real estate tokenization market is the increasing adoption of blockchain technology. Blockchain technology provides a secure and transparent method of tracking ownership and transferring assets, making it an ideal platform for real estate tokenization. Additionally, the use of blockchain technology reduces the need for intermediaries, which can help reduce transaction costs and improve the efficiency of the real estate investment process. One of the challenges facing the real estate tokenization market is regulatory uncertainty. Many countries have yet to establish clear regulations regarding real estate tokenization, creating a challenging environment for market participants. However, as the market continues to mature, regulators are expected to provide clearer guidelines, providing greater certainty for investors and market participants.

Overall, the real estate tokenization market is expected to continue to grow in the coming years as more investors seek alternative investment opportunities and the adoption of blockchain technology continues to increase. While regulatory challenges remain, the benefits of real estate tokenization are significant, and the market is expected to mature as regulations become clearer.

Key Highlights:

  • In March 2023, CoFund launched new and first Real Estate Tokenization Project with innovative investment of $10,000,000 in valuable 4-star hotel in Bali, Indonesia. Tokenization will provide various advantages such as liquidity, fractional ownership, lower barriers to entry, transparency, high potential returns and diversification.
  • In January 2022, Realbox launched new and world’s first blockchain-based Real Estate Tokenization platform which enable real estate ownership to be subdivided through tokenization and to provide opportunity to retail investors to share ownership in real estate investment globally.

Growth Drivers:

There are several drivers of growth in various industries, including:

  • Technological advancements: Advancements in technology can create new opportunities for businesses to improve their products or services, streamline processes, and reduce costs. For example, the growth of e-commerce has been driven by advancements in online payment systems, logistics, and mobile technology.
  • Demographic shifts: Changes in demographics, such as an aging population or increasing diversity, can create new markets and opportunities for businesses. For example, the aging population in many countries has led to an increase in demand for healthcare services and products.
  • Economic factors: Economic factors, such as interest rates, inflation, and consumer confidence, can impact consumer spending and business investment decisions. For example, low interest rates can make it more attractive for businesses to invest in new projects or expand their operations.
  • Globalization: Globalization has created new opportunities for businesses to expand their customer base and access new markets. This has been facilitated by advancements in transportation and communication technology.
  • Regulatory changes: Changes in regulations or policies can create new opportunities for businesses that are able to adapt to the new environment. For example, the legalization of marijuana in some countries has created new markets for cannabis-related products and services.
  • Environmental concerns: Growing awareness of environmental issues and the need for sustainability has created opportunities for businesses that are able to provide environmentally-friendly products or services.

Overall, growth drivers can vary depending on the industry and the specific business. However, businesses that are able to identify and capitalize on these drivers are more likely to experience sustainable growth over the long term.

Growth Restrains:

Just like there are drivers of growth, there are also factors that can restrain growth in industries. These may include:

  • Economic factors: Economic factors such as recessions, inflation, or a slowdown in consumer spending can have a significant impact on businesses and their ability to grow.
  • Regulatory constraints: Regulations or policies that limit or restrict business activities can be a significant constraint on growth. For example, environmental regulations can limit the use of certain materials or require additional investment in new technology.
  • Competition: Competition can constrain growth by reducing profit margins or making it more difficult to enter new markets. Intense competition can also force businesses to invest heavily in marketing and advertising to maintain their market share.
  • Resource limitations: Businesses may be constrained by limited resources such as funding, skilled labor, or raw materials. These limitations can make it difficult to expand operations or invest in new projects.
  • Technological limitations: Technological limitations can prevent businesses from taking advantage of new opportunities or adapting to changes in the market. For example, businesses that are slow to adopt new technologies may struggle to compete with more agile competitors.
  • Legal challenges: Legal challenges such as lawsuits or patent disputes can be a significant constraint on growth. These challenges can be costly and time-consuming, and may limit a business’s ability to invest in new projects or expand into new markets.

Overall, there are many factors that can constrain growth in industries. Businesses that are able to identify and mitigate these constraints are more likely to experience sustainable growth over the long term.

Request Free Pdf copy of the report:

https://www.prophecymarketinsights.com/market_insight/Insight/request-pdf/4857

Analyst View:

Increasing implementation of tokenization in various industrial applications has become key factor in market growth. Wide benefits of tokenization technology in various industrial sectors is expected to fruitful the demand for Real Estate Tokenization market over the forecast period.

Opportunities:

Real estate tokenization presents several opportunities for the real estate industry and investors. These include:

  • Increased liquidity: Tokenization allows for fractional ownership of real estate assets, which can increase liquidity in the market. This means that investors can buy and sell smaller portions of a property, making it easier to enter or exit a market.
  • Access to new investors: Tokenization allows for the democratization of real estate investing, making it accessible to a wider range of investors. Smaller investors who previously could not afford to invest in real estate can now participate in the market.
  • Efficiency: Tokenization can make the process of buying and selling real estate more efficient by reducing paperwork, transaction costs, and the need for intermediaries.
  • Transparency: Blockchain technology used in real estate tokenization provides greater transparency and security in the transactions. The immutability of blockchain technology ensures that all parties have access to accurate and secure information.
  • Global reach: Tokenization allows for real estate assets to be offered to investors from different parts of the world, thereby increasing the global reach of the real estate market.
  • Diversification: Tokenization allows for the creation of diversified portfolios of real estate assets, reducing risk and providing investors with a wider range of investment options.

Overall, real estate tokenization presents several opportunities for the industry and investors, including increased liquidity, access to new investors, efficiency, transparency, global reach, and diversification. These opportunities are likely to drive growth in the real estate tokenization market in the coming years.

Challenges:

While there are several opportunities in the real estate tokenization market, there are also some challenges that need to be addressed. These include:

  • Regulatory challenges: The real estate industry is heavily regulated, and tokenization may be subject to additional regulatory oversight. This can create challenges for businesses that want to enter the market and may increase compliance costs.
  • Lack of standardization: The lack of standardization in the real estate tokenization market can create challenges for investors and businesses. The absence of uniform regulations or guidelines can lead to confusion and make it difficult to compare different tokenized assets.
  • Security concerns: The use of blockchain technology in tokenization provides increased security, but it is not foolproof. Hackers or cybercriminals could attempt to breach the blockchain and steal digital assets or sensitive information, creating potential security concerns.
  • Technical challenges: The use of new and complex technologies in tokenization, such as smart contracts and decentralized platforms, can create technical challenges for businesses and investors. These challenges can include technical glitches, system failures, and the need for specialized expertise.
  • Limited investor awareness: Tokenization is a relatively new concept, and many investors may not be familiar with the process or the potential benefits. This lack of awareness can make it challenging for businesses to attract investors to the market.
  • Liquidity challenges: While tokenization provides increased liquidity, there may still be challenges in finding buyers and sellers for tokenized assets. This may be due to a lack of awareness or limited investor interest in the market.

Overall, the real estate tokenization market faces several challenges that need to be addressed to fully realize it’s potential. These challenges include regulatory hurdles, lack of standardization, security concerns, technical challenges, limited investor awareness, and liquidity challenges.

Customization Available:

https://www.prophecymarketinsights.com/market_insight/Insight/request-customization/4857

You can also check out some of the Top-Selling Related Research Reports:

  • Real Estate market accounted for US$ 2768.43 million in 2020 and is estimated to be US$ 6270.53 million by 2030 and is anticipated to register a CAGR of 8.2%.
  • China Commercial Real Estate Market worth US$ 723.51 billion in 2024 with a CAGR of 6.15%
  • Tokenization Market accounted for US$ 2.74 billion in 2022 and is estimated to be US$ 18.50 billion by 2032 and is anticipated to register a CAGR of 21.3%.

Available for immediate download (Buy Now):
https://www.prophecymarketinsights.com/market_insight/buy_now/4857?licence=6350&report_type=Real+Estate+Tokenization+Market&v1_licence_type=press_id

hut-8-mining-production-and-operations-update-for-april-2023

Hut 8 Mining Production and Operations Update for April 2023

May 9, 2023 Published by

 

Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) (“Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, mined 132 Bitcoin in the period ending April 30, 2023.

Production highlights for April 2023:
  • 132 Bitcoin were generated, resulting in an average production rate of approximately 4.4 Bitcoin per day.
  • Total balance of unencumbered Bitcoin held in reserve as of April 30 is 9,265.
  • Installed ASIC hashrate capacity at our Alberta facilities was 2.6 EH/s at the end of the month.
  • Hut 8 produced 50.77 BTC/EH in April.
  • No Bitcoin were sold during the month.
Operational highlights:
  • Remediation at our Drumheller, Alberta site progressed throughout the month:
    • High energy input levels at the site have been causing equipment failures that have materially reduced operations, which are currently at approximately 15% of our installed hashrate at the site.
    • In response, we began implementing firmware across all miner models designed to lower the power supply’s maximum output voltage, ensuring our equipment operates within safe limits.
    • Our team is actively engaged in repairing damaged equipment and restoring the hashrate to its optimal level.
    • We are closely monitoring the situation and will continue to make the necessary adjustments as needed to restore, safeguard, and optimize our equipment.
    • We are actively increasing repair staff, adding an additional repair centre shift, and have procured new hardware to expedite repairs and accelerate the speed at which we bring miners back online.
    • We expect to have the site restored in 10-12 weeks.
  • Spikes in energy rates have created additional headwinds at Drumheller.
  • Our team is actively pursuing options to operationalize the bulk of the approximately 7,000 miners that were removed from our North Bay site.

“We are very aware of the impact that the issues at Drumheller are having on the broader business: they are complex and challenging, but we have made meaningful progress and have a roadmap to remediation,” said Jaime Leverton, CEO of Hut 8. “We are laser focused on closing the proposed transaction with US Bitcoin Corp., which will both expand our overall production to 7.02 EH/s and provide access to additional energy markets.”

leading-automotive-and-sustainability-executives-join-etuktuk-as-advisors-to-promote-sustainable-transport

Leading Automotive and Sustainability Executives Join eTukTuk as Advisors to Promote Sustainable Transport

May 9, 2023 Published by

 

eTukTuk, a blockchain-based electric vehicle (EV) and charging station ecosystem, today announces the appointment of three prominent executives to its Board of Advisors.

Joining the Board of Advisors is a group of leaders in the automotive and sustainability spaces including Niro Cooke, Group Director on the Main Board of Capital Maharaja; Sheran Fernando, Co-Founder of InnoSolve Lanka; and Dimantha Jayawardena, President of SLACMA, the Sri Lankan Automotive Component Manufacturers Association.

The advisors boast unmatched professional experience across multiple disciplines and industries including the development of large-scale government infrastructure and energy projects, the formulation of mobility policy in Sri Lanka, and at the highest levels of government. The advisors will be responsible for working directly with the eTukTuk team as it continues to develop its sustainable and accessible network of charging stations and electric vehicles within Sri Lanka, where the project is set to launch later this year.

Niro Cooke, Group Director on the Main Board of Capital Maharaja, will provide the team with knowledge in navigating Sri Lanka’s current electric vehicle infrastructure. Cooke said: “eTukTuk is redefining transportation in the developing world. Creating incentives for people to make the switch from Zero Emission Vehicles (ZEVs) to EVs is the next step in achieving wide-scale EV adoption. At Capital Maharaja, we believe in having the courage to be different; working with a company like eTukTuk which shares this ethos aligns well with our values.”

Sheran Fernando, Co-Founder of InnoSolve, will bring expertise in the digitalisation of mobility and a distinguished voice in the formulation of mobility policy in Sri Lanka. Commenting on his appointment, Fernando said: “Having worked in both the mobility and sustainability industry for many years, I’m looking forward to bringing my knowledge of the local transport sector to eTukTuk as it rolls out its sustainable and accessible transportation solution in Sri Lanka.”

Dimanta Jayawardena, President of SLACMA, the Sri Lankan Automotive Component Manufacturers Association, will support the team with his prior experience in navigating the Sri Lankan transport and manufacturing system, thus delivering an improved one. Jayawardena commented: “eTukTuk and I share a vision for Sri Lanka’s transport and manufacturing system and together we’re committed to delivering the best transportation and manufacturing system possible to the drivers and users of TukTuks – and electric vehicles across the country. I believe this journey with the eTukTuk team will make a real difference to the transportation system as we know it.”

eTukTuk’s Chief Information Officer, Seth Ward said: “Cooke, Fernando, and Jayawardena’s participation in the development of eTukTuk will help contribute to the expansion of the project, and be of tremendous value to our team as we gear up to launch our network in Sri Lanka later this year.”

Seth Ward, Chief Information Officer at eTukTuk, Niro Cooke, Group Director on the Main Board of Capital Maharaja, Sheran Fernando, Co-Founder of InnoSolve Lanka, and Dimanta Jayawardena, President of SLACMA, are available for interview.

okx-ventures-announces-investment-in-cetus-protocol

OKX Ventures Announces Investment in Cetus Protocol

May 2, 2023 Published by

 

OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced an investment in Cetus Protocol, a pioneer DEX and concentrated liquidity protocol built on Sui and Aptos.

The mission of Cetus is to build a powerful and flexible underlying liquidity network to make trading assets easier for Sui and Aptos users. The protocol aims to deliver the best trading experience and superior liquidity efficiency to DeFi users via its concentrated liquidity protocol and a series of affiliate interoperable functional modules.

“With the support of OKX Ventures, Cetus will gain extensive access to a wider Web3 user base and break through the boundary between on-chain and off-chain space,” said Henry Du, Co-founder of Cetus.

Dora Yue, Founder of OKX Ventures, said: “We’re very pleased to make this investment in Cetus. When it comes to the construction of the public chain ecosystem, we are optimistic about the Move language, which has the potential to build an ecosystem similar to Solidity. Cetus is the first UniV3-like AMM liquidity protocol in the Move ecosystem, providing DeFi users with a better trading experience and higher capital efficiency. OKX Ventures looks forward to supporting the project.”

Latest Members

Recent AchievementsYou must be logged in to view earned achievements

What is a Wire Coin?

Find connections

Who is online

Latest Hashtags

#artificialintelligence #betting #blockchain #casino #esports #fintech #gaming #hiptherfestival #hipthers #igaming #slots #technology