planetwatch,-a-decentralized-environmental-monitoring-pioneer,-announces-a-major-transatlantic-partnership

PlanetWatch, a decentralized environmental monitoring pioneer, announces a major transatlantic partnership

 

PlanetWatch, a French company which decentralizes and incentivizes environmental monitoring by leveraging the Algorand blockchain, is announcing a strategic partnership with EMRIT, a US-based company which is building the new IoT wireless internet.

EMRIT will fund the deployment of thousands of PlanetWatch-compliant air quality monitors, boosting the deployment of the PlanetWatch network across Europe, the USA and Asia.

“We at Emrit are proud to partner with PlanetWatch and expand our IoT Blockchain footprint and create exciting earning opportunities for the community. Not only can you monitor the quality of the air in your environment, but you also earn rewards as well! This is a win-win for any owner of a PlanetWatch sensor.” – Jiten Varu, CEO of EMRIT.

Claudio Parrinello, the CEO of PlanetWatch said: “Our partnership with EMRIT will deliver incredible synergies between two highly disruptive and forward-looking companies which both leverage advanced technologies and the engagement of local communities. We are enabling Smart City as a Service solutions and implementing a circular economy where citizens make their city smart and reap immediate benefits from their commitment. Anybody can become a PlanetWatcher and help us look after our planet!”

PlanetWatch revolutionizes air quality monitoring by using the Algorand Blockchain, IoT sensors and AI data analysis, and incentivizing citizens to operate air quality sensors and earn token rewards for data streams. PlanetWatch can then deploy dense, real-time sensor networks and deliver hyperlocal, street-level, business-grade environmental data quickly and cost effectively.

PlanetWatch’s current focus is on air pollution as it causes over 7 million deaths per year (source: WHO). Also, recent studies link long-term exposure to air pollution with an increase in mortality from COVID-19 infection, and a significant risk of infection via aerosol in indoor spaces, where air quality is a proxy for infection risks.

PlanetWatch is strongly supported by high-profile partners such as Algorand, the Algorand Foundation and CERN, the leading physics research lab in the world, where the Web was born.

PlanetWatch was naturally led to partner with Algorand which provides a highly scalable, decentralized and secure blockchain which is also one of the “greenest” around in terms of energy consumption. With regard to CERN, PlanetWatch is the only company in the blockchain ecosystem being an official “CERN Spin-off”.

PlanetWatch’s network is growing very fast. It is fast approaching 1,000 connected sensors, mostly in Europe and the USA. Its utility token, PLANETS, has just been listed on Bitfinex.

stablecorp-announces-closing-of-c$2mm-strategic-consortium-financing-round-to-launch-world’s-first-bank-issued-deposit-based-digital-currency

Stablecorp Announces Closing of C$2mm Strategic Consortium Financing Round to Launch World’s First Bank-Issued Deposit-Based Digital Currency

 

Stablecorp, the pioneer behind Canada’s first production stablecoin QCAD, announced today the closing of a highly strategic C$2mm funding round and the launch of a new product VCAD. VCAD will be issued using VersaBank’s VersaVault technology and backed 1:1 by deposits held within VersaBank, making it unique in terms of auditability and transparency in the global stablecoin space. The funding round also includes DV Private Investments, the investment arm of a leading North American digital asset liquidity provider and market maker; Borderless Capital, a venture capital fund focused in the fintech space and leveraging the Algorand ecosystem; and a leading U.S. Bitcoin technology and financial services firm; These new investors will join founding strategic investors 3iQ, Canada’s leading digital asset manager and Mavennet, a Canadian leader in blockchain development.

The Canadian and Global financial markets infrastructure is long overdue for a significant upgrade and this strategic integration between the traditional banking system and next generation blockchain technology providers is an excellent catalyst for this evolution” said Jean Desgagne, CEO of Stablecorp. “The consortium we are announcing today, in addition to our founding shareholders, combine connectivity and vision across the full spectrum from traditional financial institutions to next generation decentralized finance and position Stablecorp as one of the leading financial technology providers globally.”

The potential for truly trusted digital fiat equivalents is exciting” echoed 3iQ CEO Fred Pye “from new opportunities in trading execution and FX to decentralized finance and yield generation, we view this new suite of solutions from Stablecorp as critical to 3iQs evolution as the premier digitally-native asset manager globally”.

“As Canada’s leading market maker and liquidity provider for digital assets, we are highly aligned with Stablecorp’s vision of connected digital fiat integration in Canada and globally and look forward to building with the team and consortium” continued Dino Verbrugge, Co-Owner of DV Private Investments.

David Garcia, CEO and Managing Partner of Borderless Capital mentioned “We are excited and proud to back Stablecorp and how the team is disruptively combining the power of stable digital money with the technological superiority of the Algorand Blockchain.”

David Taylor, President and CEO of VersaBank concluded “VersaBank was the first digital bank nearly 30 years ago and has continuously been a pioneer in digital banking in the decades since. Digital currencies are the natural evolution of the world’s payment systems, and the launch of VCAD is a natural extension of our digital banking operations. We are proud to work with our partner, Stablecorp, on this industry first.”

Stablecorp, in conjunction with consortium partners, will be executing highly targeted near-term growth strategies in decentralized finance, yield generation, foreign exchange, payments, settlement, remittances and digital asset trading space. Stablecorp, in partnership with VersaBank, will also be pursuing global expansion into additional deposit-based stablecoins.

In connection with the launch of VCAD, a transition plan from QCAD to VCAD will be forthcoming.  In the interim, QCAD will continue to be available for purchase and sale through the Stablecorp network of authorized dealers. QCAD will continue to be backed 1:1 by Canadian Dollars held by an independent custodian at a Canadian bank.