Tag: Blockchain

mychargeback-launches-its-new-dispute-resolution-website-in-scandinavia

MyChargeBack Launches its New Dispute Resolution Website in Scandinavia

September 30, 2021 Published by

 

MyChargeBack, the international financial services firm specializing in the resolution of complex card-not-present transaction disputes, today announced the launch of its new Scandinavian website, Pengeretur.dk.

Pengeretur is intended to be a one-stop shop for Scandinavian consumers, providing insights into their rights and protections, rules and regulations governing chargebacks and other educational resources.

What makes Pengeretur unique is its algorithm-powered evaluation tool, which enables consumers to determine if their disputes meet the criteria for a chargeback that are established by the credit card networks. The free tool is designed to cover a wide spectrum of transactions – from e-commerce transactions to investments – to enable consumers resolve their disputes quickly and efficiently.

“COVID changed the global payments landscape, and greatly increased the number of card-not-present online transaction,” notes Judith Dayan Persson, MyChargeBack’s Vice President of European Operations and Business Development, who is based in Copenhagen. “And that is a challenge, since our research indicates that one out of every six Scandinavian consumers is unaware that funds lost using a credit or debit card can be recovered through a chargeback,” she adds. “Consumers can now learn if their dispute qualifies under chargeback guidelines in less than 90 seconds!”

vechainthor-is-one-of-the-most-eco-friendly-public-blockchains-worldwide,-cti-verified

VeChainThor Is One Of The Most Eco-friendly Public Blockchains Worldwide, CTI Verified

September 30, 2021 Published by

 

The world is at a climate crossroads. Blockchain, the game-changing technology in this era, should also take more collective action to hasten this movement. As the world’s leading public blockchain, VeChainThor pledges to cultivate a healthier planet by greener technology.

To build and maintain this successful practice, VeChain research team worked with Centre Testing International Group Co. Ltd. (hereinafter called CTI), the pioneer and leader in the TIC industry which provides one-stop solutions on testing, inspection, certification, calibration, audit, training & technical services, to measure the carbon footprint of VeChainThor public blockchain network.

The Results

According to the estimation model, the total carbon emissions per year generated by VeChainThor is about 4.58 metric tons, approximately 2.4% of the carbon emission generated for mining a single Bitcoin according to.

The electricity consumed by VeChainThor for the whole year is estimated to be 7581.31 kWh, roughly equaling the electricity used to process 4.3 Bitcoin or 51 Ethereum transactions. We have also found the resource that shows data of some PoS chains related to carbon footprint. The outcome was that each transaction on VeChainThor consumed approximately 0.000216 KWh, which was 0.04% of the amount estimated for Cardano as listed in.

Rigorous Methodology of Carbon Emission Estimation

CTI provides trusted authentication services, to combine scientific modeling and certified measuring to infer a reliable estimation of the carbon footprint of the VeChainThor public blockchain. (Read Full Report)

Energy costs per transaction on a decentralized network are a preliminary step in determining whether a network can achieve sustainability. VeChainThor uses Proof-of-Authority consensus, which does not require nodes participate in the consensus process to compete. The rights to produce new blocks are equally distributed to all the 101 consensus nodes, i.e., the Authority Masternodes (AMs). Here the key finding is that the AMs share the same amount of computational workload in the network according to the design of the blockchain.

To deliver a model for estimating the carbon emissions of the 101 AMs, it was found out that what we could do was to accurately measure the power usage of a single machine that solely hosted an AM in a controlled environment.

EGHG ≈ μPUE x ∑iαiEF x MCTI.

Here EGHG stands for the amount of greenhouse gas (GHG) emission, μPUE the average annual power usage effectiveness (PUE) for data centres worldwide, {αiEF}i, the regional emission factors (EFs) for electricity supply, and MCTI the actual power usage data of a single AM measured by CTI. The model recognizes that some blockchain nodes are hosted on clouds. Therefore, we use the average PUE data for data centres worldwide to estimate the amount of electricity consumption. The model also reflects the regional differences of carbon emissions for same amount of electricity consumption. It therefore includes different regional EFs when estimating the overall GHG emission.

Green Entrepreneurship Powered by VeChainThor

A business’s digital carbon footprint is the complete expression of its operation. As the world’s largest corporations are on board, it is also essential to raise awareness of how underlying digital technologies have discrete yet vital roles to play in mitigating emissions (UN). Recent research estimates that the ICT sector, which includes blockchain, will be responsible for 1.97% of global emissions by 2030. For entrepreneurs and businesses looking to build on blockchain technology, they are looking not only at energy consumption but examining the long-term sustainability of this critical technology.

VeChain has vigorously set out in a digitally saturated atmosphere to mitigate emissions of VeChainThor and scale necessary to meet our goal to be the greenest public blockchain. With the upcoming PoA 2.0 upgrade, VeChain intends to empower a more secured and efficient layer 1 public blockchain platform.

the-famous-game-moniwar-catching-the-wave-of-nft-gaming

The Famous Game Moniwar Catching The Wave Of NFT Gaming

September 29, 2021 Published by

 

Moniwar, invested by MONIHUB PTE LTD, is the game built on the leading NFT and DeFi technologies, is making solid strides toward dominating the worldwide NFT Game Blockchain industry. Recently, the NFT Gaming trend in Vietnam has developed enormously. When playing these game series, players are entertained and can have an additional source of income. When playing these game series, players are entertained and can have another source of income. Players have full ownership of game characters and items. They can join the NFT marketplace to exchange game items for profit. Especially in the context of today’s COVID-19 epidemic, many people have had their incomes reduced or completely lost their primary source of income. Being able to make money from playing games, therefore, becomes even more attractive. This contributed significantly to the explosion of the NFT Gaming industry in Vietnam.

Not out of the above wave, Moniwar was founded by a team of game programmers with 15 years of experience developing traditional games. By integrating blockchain and NFT technology into the game, Moniwar entered the NFT game market to bring Vietnamese games into the global gaming market.

MoniWar is inspired by the globally loved game genre Monsters & Puzzles. MoniWar game plot hinges on Lucas’s journey to avenge his father, King Abrazax, the ruler of The Lower Realm.

Legend has it that in the Iron Age, 1200 BC, the world was divided into three realms: Elysia Upper Realm, Soma Realm, and Naraka Lower Realm. In the Third Aeon Era, a fierce war between the Upper Realm Elysia and the Lower Realm Naraka opened up a “space-time” gap that allowed the monsters of Naraka’s Lower Realm to invade the Soma world. After that, the Upper Realm defeated the Lower Realm and its king, Azazel. Before disappearing, the pieces of Azazel’s corpse had turned into Metal Wood, Water, and Fire Earth monsters, directly ruling the lands on the physical plane. Lucas, the son of King Abrazax, who had to bear in the hatred for his father’s death, has assembled five legendary monsters. Together, they traveled to the land and captured the monsters to prepare for the final battle with Elysia, the upper Realm.

To participate in the game, players need to prepare the “Pets” you can purchase at MoniShop (MoniWar’s in-game exchange platform).

Next, players can download the game on Android & IOS apps or use the web version and register to play the game. Daily, players will participate in “diamond scan” challenges through the missions: explore the map, fight bosses, hunt pets, PvP match 3, participate in battles with other players …. Through each mission, the player can receive gifts with items (pets, items that help to upgrade pets) or tokens (cryptocurrency for in-game transactions.). In addition, Moniwar also created a system of regular tournaments for players to challenge themselves and compete against other players. Through these tournaments, the game will find great people to receive valuable rewards like pets or tokens to trade on NFT Marketplace.

For the NFT Market platform, players can exchange transactions with other players, join auctions, and look for opportunities to receive lucky gifts that can be “Pets” or items to upgrade their character in the game. In addition, the popular features of NFT platforms such as Mint, Farm, Staking…will also appear on MoniWar platform.

Thanks to its outstanding features and compelling storyline, MoniWar won the third prize in the final round of the “Game2Blockchain” contest held on August 22, 2021. The contest judges are all very famous experts in the field of Blockchain and NFT games like Trung Nguyen – Co-Founder & CEO Axie Infinity, Loi Luu – Co-Founder & CEO.

In the first round of the contest, representatives of the teams had 15 minutes to present about the project and answer the examiner’s questions. In round 2, each team has 1 minute to explain the main features of their project live on Facebook. The top 3 projects are evaluated based on ideas, products, gameplay, play for money, coding, technical development, etc… The event took place directly on Facebook with the participation of the 12 most notable and potential NFT game projects in Vietnam, Moniwar has excellently surpassed the criteria set out by the contest, honored to be named in the top 3 of the “Game2Blockchain” contest. It is expected to storm the Crypto community soon.

bairong-named-top-10-apac-bank-technology-solution-providers-for-2021-by-cioreview

Bairong Named Top 10 APAC Bank Technology Solution Providers for 2021 by CIOReview

September 29, 2021 Published by

 

Leading Chinese independent AI-powered technology platform, Bairong Inc (“Bairong” or “the Company”, 6608.HK), has been named as one of the Top 10 Bank Technology Solution Providers for 2021 by CIOReview. The list identifies the top 10 fintech companies chosen by a panel of industry experts and analysts along with CIOReview’s editorial board. After reviewing hundreds of banking technology solution providers, Bairong was shortlisted as being at the forefront of tackling challenges in the banking space.

Bairong is recognized as being one of the leaders in the Chinese fintech industry that empowers financial service providers (FSPs) to expedite their digital transformation. The company is known for its industry-leading AI-powered digital tools designed to help FSPs analyze consumers’ financial and behavioral patterns. Bairong’s state-of-the-art consumer database contains an extensive range of consumer labels alongside unmatched big data analytics and translation capabilities that can convert unstructured consumer financial and behavioral data into intuitive and actionable insights. These tools have helped numerous FSPs establish robust credit risk management systems that enable them to continuously monitor potential risks and stay ahead of the curve.

“Being selected in the CIOReview’s 2021 Top 10 Bank Technology Solution Providers is a significant accomplishment for Bairong. It is a new milestone that demonstrates our capability and commitment to providing best-in-class solutions for our clients to facilitate them in achieving long-them business growth and sharpen their competitive edges in the ever-evolving financial scene,” said Zhang Shaofeng—the founder, chairman, and CEO.

Building on Bairong’s consumer database, the company has created a one-stop SaaS platform integrated with AI, cloud computing, blockchain, and big data technology to allow FSPs to simplify consumer data management and more. The platform is also equipped with risk-scoring algorithms, data-driven analytics models, and a cloud-based decision-making engine that can enable FSPs to thoroughly analyze consumers’ profiles and accurately identify their financial risks. In addition, Bairong’s self-developed InsurTech platform, Liming Box, provides a holistic data-driven analytics solution for insurance brokers to boost their consumer loyalty and profitability.

Over the past few years, Bairong’s fintech solutions, along with its collaboration with global financial institutions, have created some of the best business practices in the industry. Authored by Lauren Cohen, Xiaoyan Zhang, and Spencer C.N. Hagist, a business case study titled “Bairong and the Promise of Big Data” has been published in the Harvard Business School Case Collection. This in-depth analysis features Bairong’s strategy in navigating the difficulties facing different firms in fintech and big data, as well as its innovative AI-powered fintech solutions that help the financial institutions meet modern challenges.

“From day one, Bairong’s vision has been to leverage the prowess of AI, cloud computing, and big data technology to create powerful tools that address some of the biggest challenges in the financial sector and help FSPs streamline operations. We have achieved this thanks to the consistent focus of our experienced staff. Now, we have created an unparalleled fintech platform built upon high standards and a sense of passion that we bring to partnerships with global financial players,” Zhang added.

guud-announces-new-enhancements-to-rytetfap,-bringing-greater-efficiency-and-value-to-corporates

GUUD Announces New Enhancements to RYTETFAP, Bringing Greater Efficiency and Value to Corporates

September 28, 2021 Published by

 

Singapore’s GUUD (Finance) Pte. Ltd. (“GUUD Finance”) today announced new enhancements to RYTETFAP, previously known as CamelONE Trade Finance, Southeast Asia’s first multi-bank trade finance application portal made available for users on Singapore’s Networked Trade Platform (“NTP”) in November 2019.

The recently rebranded portal, RYTETFAP, is now part of a larger trade financing platform, RYTE, that was launched on 8 July 2021 by GUUD Finance, as part of the Group’s efforts to create a comprehensive, intelligent trade financing platform covering a full suite of financing products and services that would meet the needs of smaller businesses as well as large multinational corporations.

RYTE provides business users with varied options for financing revolving around their trade flow; from supply chain financing to documentary trade, all within a single platform. Whether corporates are looking to apply for import GST financing, letter of credit issuance or shipment financing, they can access the RYTE platform to link up with an appropriate service provider that will assist them with their requirements.

While RYTE includes RYTEGST and other loan modules that will allow corporates to apply for financing with non-bank financial institutions, RYTETFAP focuses on bringing on board reputable trade finance bank partners that corporates regularly engage with, so corporates can track all their transactions with different banking partners on a single platform, while securely retrieving details of their shipments via NTP’s secure data repository for easy trade finance applications.

By December 2021, RYTETFAP will be introducing new features and functions which will enhance its product offerings in Letter of Credit (“LC”) issuance including LC advising, LC advising amendments, LC confirmation, and Export collection and purchase under LC. A new module will also be made available where RYTETFAP will be integrated with Infocomm Media Development Authority’s (IMDA) TradeTrust utility for the electronic presentation of digital documents such as Bills of Lading.

Despite the portal being relatively new to the market, RYTETFAP has seen good progress and success in onboarding both banks and customers. The portal has 11 leading trade finance bank partners and clocked more than SGD 625 million in throughput as of end August 2021, a number much larger than established multi-bank trade finance portals in the region.

The latest bank onboard RYTETFAP, Sumitomo Mitsui Banking Corporation (“SMBC”) in Singapore, has seen their workflows being enhanced and their large clients such as Mitsui & Co. (Asia Pacific) Pte. Ltd., have been pleased at how efficient their processes have become after adopting RYTETFAP as their main solution for submitting trade finance applications.

Mr. Koji Nagatomi, Chief Operating Officer of the Asia Pacific Business Unit and CEO of Mitsui & Co. (Asia Pacific) Pte. Ltd. shared, “Antiquated trade processes pose consistent global challenges for traders. RYTETFAP has since provided a much faster and easier trade finance solution for us, eliminating the cumbersome and expensive paper-based processes.”

“As one of the leading banks in Japan and across this region, SMBC has accelerated our plans and we are taking bigger and quicker steps in our digital transformation journey to better enable our customers during these challenging times. We are honoured to support Mitsui’s transition to digital for greater banking efficiency. Our approach to technology and innovation has always been about bridging our stakeholders to the future, and we are very pleased to collaborate with GUUD Finance as a participating bank of RYTETFAP to spur innovation in trade finance,” said Mr Yoshiaki Kageyama, Managing Executive Officer and Co-Head of Asia Pacific at SMBC.

Constant updates to RYTETFAP have been ongoing to enable it to deliver a more comprehensive trade financing experience that covers a greater breadth and depth of trade financing products, with the aim to smoothen the entire trade financing application process for corporates of different sizes across various industries.

Using the latest technological tools and leveraging the secure data from trade applications managed within the GUUD ecosystem, RYTETFAP aims to provide simplified, streamlined, and seamless end-to-end trade financing application processes and real-time updates for users, making it a must-have tool for corporates who engage in trade financing activities on a regular basis.

Commenting on RYTETFAP, Desmond Loh, CEO, GUUD Finance said: “RYTETFAP is a product that many corporates and banks can benefit from using. For banks, cost of IT deployment is substantially lower, as RYTETFAP provides an easy-to-use interface and up-to-date features all for a simple transaction fee. For corporate users, they can apply for trade finance from any banks they have an existing relationship with, and enjoy fast, secure financing on their trade transactions.”

GUUD is one of the fastest-growing trade technology companies in Singapore, with offices strategically located in China, Indonesia and Kenya, and projects spanning more than 17 countries. The company has achieved many firsts including the launch of Seafood Xchange, Singapore’s first B2B seafood e-marketplace for seafood traders. CamelONE™ Trade Finance (now known as RYTETFAP), launched in November 2019 is the first unified multi-bank trade finance portal in Southeast Asia and their Smart eCO solution is the world’s first blockchain-enabled eCertificate of Origin.

GUUD Finance is the financing arm of GUUD Pte Ltd, a portfolio company of DeClout Pte Ltd, a leading technology business builder headquartered in Singapore.

digivault-becomes-the-first-fca-registered-digital-asset-custodian-to-custody-polkadot

Digivault becomes the first FCA registered digital asset custodian to custody Polkadot

September 28, 2021 Published by

 

Digivault, the industry accredited, highly secure, and insured digital asset custody business of Nasdaq listed EQONEX Group (Nasdaq: EQOS), has become the first custodian, registered by the UK Financial Conduct Authority (FSA), to custody the crypto asset Polkadot (DOT).

Founded by Ethereum co-founder Dr. Gavin Wood, the DOT token is the native token of the Polkadot network, which aims to unite an entire network of blockchains, allowing them to communicate seamlessly and perform transactions at scale.

Digivault operates to the highest industry security standards, using FIPS140-2 validated hardware security modules (HSMs). The solution is Cyber Essentials Plus accredited (a Ministry of Defense designed accreditation) and was recently certified under the ISO27001 standard. Both Helios (Warm Solution) and Kelvin (Cold Solution) are penetration tested to CREST standards of certification.

Digivault uses a unique enhanced certificate standard for communicating public keys, multi-factor authentication, and full backup/recovery system.

Polkadot’s DOT token has extremely high potential and is already in the top 10 of crypto assets by market capitalization. Polkadot platform solves issues inherent in first-generation blockchains, such as scalability, governance, and interoperability, allowing the communication between blockchains that are then controlled from a security and governance perspective by the core “Relay Chain”. Most other custodians have not been able to support DOT yet because of the highly complex nature of the substrate architecture.

“While the advanced nature of Polkadot makes the custodial integration more complex than other blockchains, we felt that it was essential to give people the ability to hold such a unique asset within a regulated custodian,” said Rob Cooper, CEO of Digivault.

“Polkadot offers the capability to interoperate with a wide variety of blockchains across the Polkadot network, it has great scalability and efficiency which coupled with the built-in governance avoiding hard forks provides a future-proof blockchain.”

Today’s news highlights the expansion of Digivault’s custody offering, which includes custodial services for Bitcoin, Ethereum, USDC, as well as other assets that are hosted on ERC-20 and ERC-1400 protocols.

Since May when Digivault announced that it had become the first stand-alone digital asset custodian to receive approval from the FCA to register as a custodian wallet provider under the Money Laundering, Terrorist Financing and Transfer of Funds (Information of the Payer) Regulations 2017, it has is experienced a steady increase in client inquiries from both institutional investors and corporate treasurers holding crypto assets.

Mr. Cooper added: “We are seeing significant demand for our solutions that offer the regulatory oversight and protection that investors are now demanding as they make the wholesale shift into crypto assets. Today’s announcement and the inclusion of DOT into our platform shows how we are responding to client needs as they mature and look at the next generation of blockchains.”

europe’s-leading-blockchain-event-blockchance-europe-2021-goes-ahead-in-hybrid-format

Europe’s leading blockchain event BLOCKCHANCE EUROPE 2021 Goes Ahead in Hybrid Format

September 28, 2021 Published by

 

BLOCKCHANCE Europe 2021, the leading conference in the blockchain sphere in Europe received the green light under the newly established 2G health rules. People that are either vaccinated or have recovered can attend the conference on 2-4 December 2021, at the Chamber of Commerce Hamburg, without adhering to strict distancing policies.

“These are great news,” says Fabian Friedrich, Founder and CEO of BLOCKCHANCE. “As BLOCKCHANCE is probably the largest event in the blockchain ecosystem, meeting in person and being able to maximize the networking potential is priceless. Especially now as blockchain and emerging technologies are skyrocketing.”

The Whova App offers virtual ticket holders an all-round experience. They can follow different live streams and video-chat with other attendees.

World-class speakers

BLOCKCHANCE regularly attracts some of the most influential thought leaders. Among them are household names such as Michael Saylor, Co-Founder of Microstrategy, Joseph Lubin, Co-Founder of Ethereum and Raoul Pal, Co-Founder of Real Vision – the Netflix of Finance.

“Notwithstanding the pandemic some truly inspiring people from areas such as banking, digital payments, crypto-trading, and artificial intelligence are coming to Hamburg.”

A blockchain-future for sustainable economies

BLOCKCHANCE’s mission is to educate society about the economic prospects and impact of blockchain for a positive and sustainable future. BLOCKCHANCE Europe connects business, civil society, and investors with developers of innovative blockchain solutions. The event creates networks and functions as a matchmaking platform for business leaders, developers, regulators, and investors from all over the world. 20% of the participants are CEOs or executives.

The 3-day event offers presentations, panels, workshops, a blockchain cinema, a start-up award (up to EUR 100,000), parties, and an art gallery. Key topics are blockchain use cases, digital assets, sustainability, governance, token economy, digital banking, and AI.

BLOCKCHANCE introduces blockchain and emerging technologies for a positive and sustainable future. As a founding member of the EU interest group Inatba, BLOCKCHANCE is considered an accelerator hub in the blockchain community. BLOCKCHANCE Europe is the leading event for blockchain and Distributed Ledger Technology in Europe. Since 2018, together with the First Mayor of Hamburg Peter Tschentscher and the Hamburg Chamber of Commerce, BLOCKCHANCE is developing Hamburg into a blockchain hotspot in Europe.

american-rapper-tyga-jumps-into-dehorizon-metaverse-as-a-pioneering-experience-officer

American Rapper Tyga jumps into DeHorizon Metaverse as a pioneering experience officer

September 28, 2021 Published by

 

DeHorizon Foundation, the team behind DeHorizon, is dedicated to making DeHorizon an immersive “Play for fun and to earn” Game Metaverse. Now, they are working on DeVerse, the first MMO/RPG blockchain game on DeHorizon Metaverse.

Recently, DeHorizon announced the partnership with Grammy-nominated American rapper Tyga who will act as the pioneering experience officer in DeHorizon Metaverse. His first pioneer will consist of two forthcoming online events, “Raider Tyga Mystery Box” event and “Claim and Mint DeMeta Pass ID (DeMeta) for free” event.

Tyga says that he is super excited about the coming events.
“I am joining DeHorizon Metaverse. NFT stuff is dope. I do appreciate it!”

Mystery Box Event —  “Raider Tyga” NFTs

Blockchain-based MMO/RPG DeVerse can be viewed as a barbarous version of high fantasy action-adventure game. To celebrate Tyga’s “Big Boss” gaming character in DeVerse, DeHorizon will partner with Tyga to release his first-ever-it’s-kind NFTs, “Raider Tyga” Mystery Boxes.

His first drop will be made up of 18,000 NFTs with its rarity. Of the 18,000 in the collection, 12,000 NFTs will be listed on DeHorizon official website and the rest will be listed on Binance NFT Mystery Boxes on Saturday, Oct 2nd at 11 AM UTC.

All of those mentioned above are just a beginning. In the future, DeHorizon will team up with more KOLs, great artists, popular celebrities like Tyga to make more innovations in DeHorizon Metaverse. DeHorizon believes each step of the collabrative partnership makes DeHorizon Metaverse more inclusive and fascinating.

Claim and Mint your DeMeta for free

DeMeta is the first Interoperable, Editable and Evolvable ERC-721 NFT, composed of 6 replaceable attributes and a character profile stored on chain within 256 bytes customized by players themselves. As your virtual ID in DeHorizon Metaverse, DeMeta will evolve with players and become the unique NFT exclusively to players.

Overview of DeMeta

  • Each attribute in DeMeta is an NFT.
  • 6 replaceable attributes are randomly generated, composed of 3 character figures and 3 gears.
  • Much more replaceable attributes will be acquired in the upcoming game DeVerse and rotated in your DeMeta.
  • All the replaceable attributes can be individually traded in the future.
  • Players can customize their character profile to show their aspiration why to join DeHorizon Metaverse.
  • The character profile can be reset with the cost of GAS. All the previous owners and profiles will be stored on chain for review.

As the pioneering experience officer, Tyga will claim and mint No.1 DeMeta to officially embark on the journey to DeHorizon Metaverse. In the future, No.1 DeMeta will record Tyga’s growth and evolve with him in DeHorizon Metaverse.

Starting on Thursday, Oct 7 at 11 AM UTC, No.101 — No.1000 DeMeta will be available for free on DeHorizon official website.

Let’s kick-off it and become DeHorizon Metaverse Human!

emurgo-launches-new-$100-million-cardano-ecosystem-investment-vehicle

EMURGO Launches New $100 Million Cardano Ecosystem Investment Vehicle

September 27, 2021 Published by

 

EMURGO Ptd. Ltd. – EMURGO, the official commercial arm of the Cardano blockchain, today announced the launch of a new Cardano ecosystem investment vehicle to invest into early startup and growth stage companies focused on building socially impactful solutions powered by Cardano.

As wholly-owned subsidiaries of parent company EMURGO Ptd. Ltd., this new Cardano investment vehicle will be composed of two separate entities, EMURGO Africa, and EMURGO Ventures, each with a distinct investment thesis.

EMURGO Africa aims to support more than three hundred regional startups through seed funding and incubation, to ultimately have Cardano’s blockchain adopted as the technological platform standard in Africa for socially impactful solutions.

EMURGO Ventures will focus on other developed markets to facilitate the building of solutions and services on Cardano with a set capital allocation for seed investments into a variety of Cardano-focused startups and middleware solutions companies, including those building decentralized financial services (DeFi), non-fungible token (NFT) projects, blockchain developer education tools, and other decentralized applications.

The integration of smart contracts into Cardano’s blockchain is now set to foster wide innovation of decentralized services and EMURGO’s new investment vehicle through these two entities will support this initiative.

As subsidiary entities of EMURGO – one of the founding members of Cardano – EMURGO Africa and EMURGO Ventures will leverage EMURGO’s deep experience in blockchain solutions deployment and global network of industry partners to provide strategic capital to its portfolio companies, helping to bolster the Cardano ecosystem.

Through its previous partnership with SOSV, EMURGO has made more than ten direct investments into blockchain startups, including API3 – a data service provider for blockchains that has garnered investment from major funds in the blockchain industry.

For its initial launch, EMURGO Africa has announced two major partnerships to rapidly expand the Cardano ecosystem in Africa and utilize the large business networks of its partners.

Adanian Labs, a venture building studio operator in Africa, will partner with EMURGO Africa to support impact driven startups expanding the Cardano ecosystem across the continent.

Adaverse, a Cardano-focused joint accelerator program in Africa with leading blockchain industry accelerator Everest Ventures, will also partner with EMURGO Africa.

For its initial launch, EMURGO Ventures has announced its first seed investment into Milkomeda – a dcSpark sidechain project bridging Cardano and other Layer 1 blockchain protocols that will utilize wrapped ADA (wADA) as an asset.

“We are more focused than ever on accelerating the development of Cardano’s ecosystem with a rich mix of decentralized services catering to a global community that is increasing in overall blockchain awareness. EMURGO is dedicated to meeting this demand by providing the capital and strategic resources necessary for our portfolio companies to scale rapidly and bring new solutions to Cardano,” said EMURGO CEO Ken Kodama.

Charles Hoskinson, CEO of IOHK, said: “EMURGO’s investments will help to shape the future of the Cardano ecosystem, a maturing network with a creative and diverse community, growing smart contract capabilities and partnerships across the globe that provide social and financial services utilizing Cardano’s provably-secure technology.”

According to the 2021 Chainalysis Global Crypto Adoption Index, global cryptocurrency adoption has jumped over 880% and is skyrocketing, led by usage of DeFi platforms in emerging markets. It is noted that residents in these markets have increasingly utilized DeFi platforms as the main gateway to accessing cryptocurrencies due to a lack of access to centralized exchanges and traditional financial services.

Projects and companies interested in seed investments and partnerships may go to the respective websites above to apply.

dish-and-iog-form-strategic-collaboration-to-leverage-blockchain-technology-in-wireless

DISH and IOG Form Strategic Collaboration to Leverage Blockchain Technology in Wireless

September 27, 2021 Published by

 

DISH (NASDAQ: DISH) and Input Output Global (IOG) announced that they have formed a strategic collaboration to explore the use of distributed ledger technologies (DLT) across its business lines. Building on the Cardano blockchain, the teams will develop a variety of applications that enable and enhance the Boost, DISH and SLING customer bases. Coming from years of experience innovating within the satellite television and broadband industries, DISH now looks to leverage DLT to enhance and optimize its ability to serve its customers.

“I see DISH as a rebel in the telco space, dating back to the early days of the company. They’ve gone through many iterations and innovations, and every step of the way they were always leading and transforming their entire industry. Today, when we look at telco, we see intersections between the use of identity and the movement of data, and as DISH unleashes its next generation network, we see tremendous opportunity to move these innovations forward together,” said Charles Hoskinson, founder and CEO of IOG.

“DISH has always been a leader in innovation within its business and industry. With this endeavor, we find ourselves at the intersection of two rapidly changing and radically transformative industries; blockchain and telecommunications. Both ecosystems somewhat depend on each other for survival and scale, while maintaining security and privacy. It’s a really exciting time in both fields, and we’re thrilled to be working with Charles, the IOG team and the Cardano community to develop great systems that many will find useful,” said Chris Ergen, head of the DISH Wireless Office of Innovation.

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