Genesis Partners With Blockchain Security Firm to Provide Direct Custody Operations

Genesis Partners With Blockchain Security Firm to Provide Direct Custody Operations

Blockchain security firm BitGo has partnered with Genesis Global Trading to enable direct tradings on its custody service

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]
Blockchain security firm BitGo has partnered with Bitcoin (BTC) over-the-counter (OTC) trading platform Genesis Global Trading. The partnership intends to allow clients to trade crypto directly from BitGo custody, according to a press release posted today, Jan. 16.

Following the recent acquisition of a crypto custodian qualification, BitGo has endeavored to improve its custodial services by protecting clients’ funds through allowing them to trade digital assets without need for withdrawals from hard storage.

The new feature enables clients of тче BitGo custody service to conduct buy and sell orders directly from the company’s cold storage with no need to manage keys or move their assets. The internal cold storage operations are provided with no additional fees, the announcement notes.

Starting from now, BitGo custody clients will be able to execute internal settlements on the same day, powered by Genesis’ high liquidity based on a big network of trading partners.

According to BitGo CEO Mike Belshe, some custodians prefer to sacrifice security by offering fast withdrawals from cold-storage, which puts them at risk of being hacked or misled by false instructions.

Genesis Global Trading, a subsidiary of the Digital Currency Group, is a major global firm providing over-the-counter crypto trading that provides deep level of liquidity to institutional investors. In May 2018, Genesis became the first New York-based company to acquire the BitLicense from the New York Department of Financial Services.

Genesis is registered with major United States financial regulators such as U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Founded in 2013, California-based BitGo is a blockchain firm and a digital currency wallet that offers tools for storing more than 100 cryptocurrencies and tokens, according to the press release. In September 2018, the firm received a state trust company charter from the South Dakota Division of Banking allowing it to operate as a qualified custodian for crypto.

Earlier this week, major Swiss private investment bank Vontobel — with 110.3 billion CHF ($112.2 billion) in assets — launched a crypto custody service targeting banks and asset managers.


Zur Quelle
[/ihc-hide-content]

Blockchain security firm BitGo has partnered with Genesis Global Trading to enable direct tradings on its custody service

ABCC Exchange Partners With Tron to Become First Platform to List TRC10 Tokens

ABCC Exchange Partners With Tron to Become First Platform to List TRC10 Tokens

ABCC crypto exchange partners with Tron to become the first trading platform to list TRC10 tokens

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

ABCC cryptocurrency exchange has partnered with the ninth largest cryptocurrency Tron (TRX), according to a tweet posted Jan. 15. Tron’s founder and CEO Justin Sun subsequently confirmed the news on Twitter.

As per the announcement, the partnership has made ABCC the first crypto exchange to list tokens based on Tron’s TRC10 technical standard.

The announcement was made a few days after the exchange first revealed that its was in the process of adding support for tokens based on both the TRC10 and TRC20 standards.

According to Tron’s guide for developers, TRC10 is a technical standard for tokens that are supported by the crytpocurrency’s native blockchain without the deployment of the Tron Virtual Machine (TVM).

On the other hand, TRC‌20 is a technical standard used for smart contracts that implement tokens with the TVM. It is also fully compatible with Ethereum’s (ETH) ERC‌-20 standard tokens.

In December 2018, Tron’s CEO Justin Sun said that the company will build a fund to rescue Ethereum and EOS developers from what he called the collapse of their respective platforms.

More recently, former chief strategy officer of BitTorrent argued that Tron will be unable to handle the necessary transaction volume needed to tokenize the torrent client. Having acquired BitTorrent in July 2018, Tron used its own protocol to launch a cryptocurrency token for the platform dubbed “BTT” in early January this year.

As of press time, Tron’s native token TRX is ranked as the ninth largest cryptocurrency by market cap, which is at around $1.63 billion. The coin is trading at around $0.03, down more than 5 percent on the day, according to data from CoinMarketCap.


Zur Quelle
[/ihc-hide-content]

ABCC crypto exchange partners with Tron to become the first trading platform to list TRC10 tokens

Mongolia Partners With Stablecoin to Use Blockchain for Lending Services, Money Transfers

Mongolia Partners With Stablecoin to Use Blockchain for Lending Services, Money Transfers

Mongolia’s capital city administration has partnered with a blockchain company to use its stablecoin for utility bills and government subsidies

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

Mongolia’s capital city of Ulaanbaatar has partnered with a stablecoin company to release instant money transfer and lending services, Asia’s largest tech media platform e27 reported on Jan. 11.

Ulaanbaatar City’s administration has agreed to partner with a South Korean blockchain company, dubbed Terra, in order to eventually replace the current payment methods for utility bill and government subsidies with the Terra stablecoin, according to the publication.

The pilot program is scheduled to be launched within the next six months, and will start in the city of Ulaanbaatar’s Nalaikh District, with plans to expand throughout the whole city. The article also states that the program within the Mongolian capital will contain both peer-to-peer payments and mobile payments.

Terra is a stablecoin project co-founded by Daniel Shin, the creator of South Korean e-commerce marketplace Ticket Monster. The stablecoin project closed a $32 million funding round in August 2018, with participation from Binance Labs, OKEx and Huobi Capital, as well as Polychain Capital.

Back last fall, the Bank of Mongolia, the country’s central bank, had given permission to Mongolia’s largest mobile telecoms operator to issue its own digital currency, as Cointelegraph reported on Sep. 28.

Terra, the stablecoin project, had already partnered with South Korean messaging app giant KakaoTalk back in last November as well. The partnership is aimed at developing a blockchain-based payment system and creating a blockchain ecosystem that would allow a large number of people to use its services, Cointelegraph wrote on Nov. 14.


Zur Quelle
[/ihc-hide-content]

Mongolia’s capital city administration has partnered with a blockchain company to use its stablecoin for utility bills and government subsidies

Irish Red Cross Partners on Blockchain-Powered App to Bring Transparency to Donations

Irish Red Cross Partners on Blockchain-Powered App to Bring Transparency to Donations

A Dublin-headquartered startup has partnered with the Irish Red Cross to use blockchain technology in a new app that improves transparency for charitable donations

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

A Dublin-headquartered startup has teamed up with the Irish Red Cross to use blockchain technology in a new app that improves transparency for charitable donations. The partnership was reported by local daily broadsheet The Irish Times on Dec. 19.

The startup, dubbed AID:Tech, is partnering with the Red Cross for use of its consumer-oriented mobile app “TraceDonate,” which has been designed so that donors know exactly how their contributions to charitable causes are being spent.

By improving transparency around the distribution of charity, the app aims to boost trust and engagement in social causes. It allows retail or institutional users to donate peer-to-peer to an individual beneficiary, an NGO or to specific charitable appeals.

Through the shared ledger, AID:Tech’s partners — including governments, NGOs and development agencies, as well as donors — can monitor transactions in real time, view their contribution histories, and stay informed about live charitable campaigns.

Liam O’Dwyer, secretary general of the Irish Red Cross, told The Irish Times that the partnership with AID:Tech provides the organization with an opportunity to “further promote transparency in the [charity] sector,” and to serve as a “benchmark for the donation process.”

Ahead of the development of its mobile app, AID:Tech reportedly deployed blockchain to deliver international aid to Syrian refugees in northern Lebanon as early as 2015. It has also developed a blockchain-based application, “Transparency Engine,” which integrates a digital identity solution with blockchain technology for a wider range of entitlements, including welfare, remittances, donations and healthcare.

According to The Irish Times, the startup raised an estimated €1 million ($1.1 million) in investment this year — which included the backing of Enterprise Ireland, an Irish state economic development agency, and SGInnovate, the venture capital arm of the Singaporean development authority. The investments reportedly represented the first injection of capital into the blockchain sector from both state-backed entities.

As previously reported, blockchain’s potential to underpin fairer and more equitable aid distribution has been recognized by leading world organizations, including the United Nations, who used the Ethereum (ETH) network to distribute aid to Syrian refugees in 2017.

Just this week, top crypto exchange Binance’s philanthropic arm, the Binance Charity Foundation (BCF) opened a new fundraising channel on its own blockchain-powered donation platform.


Zur Quelle
[/ihc-hide-content]

A Dublin-headquartered startup has partnered with the Irish Red Cross to use blockchain technology in a new app that improves transparency for charitable donations

Western Union Considers Crypto, Partners with Ripple to Test Blockchain Payments

Western Union Considers Crypto, Partners with Ripple to Test Blockchain Payments

A Western Union exec says company is technologically ready for “any kind of currency,” potentially including crypto

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

The president of Western Union Global Money Transfer has claimed the company is “ready to adopt any kind of currency,” potentially including cryptocurrencies, in an interview with Reuters Plus, Dec. 17.

Odilon Almeida stated there is no big difference between cryptocurrencies and regular digital payments, the likes of which Western Union has been handling for years.

Almeida believes that the firm’s long-term stance makes it potentially ready to launch any type of currency, including blockchain-based ones:

„We already operate with 130 currencies. If one day we feel like it is the right strategy to introduce cryptocurrencies to our platform, technology-wise, it’s just one more currency. I think cryptocurrencies may become one more option of currency or assets around the globe to be exchanged between people and businesses. If that happens, we would be ready to launch.“

However, Almeida thinks that in order to achieve mass adoption, cryptocurrencies have to solve problems with volatility, governance and compliance. As per the Western Union exec — hinting at the concept behind some stablecoins — the issue with volatility in crypto markets can be addressed by pegging coins to some “strong currencies, such as the [United States] dollar.”

Apart from cryptocurrencies, Western Union is also exploring the use of blockchain. According to a press-release accompanying the video, the firm has already partnered with Ripple to “test whether sending payments by blockchain was faster and less expensive,” adding that the “tests are ongoing.”

Western Union’s official stance towards crypto has considerably changed within the last few months. In June of this year, the company’s CEO Hikmet Ersek said that Western Union will not add a cryptocurrency transfer solution to its services anytime soon. “The consumers tell us what they want. People aren’t paying their hospital bills in cryptos,” he stated at the time.


Zur Quelle
[/ihc-hide-content]

A Western Union exec says company is technologically ready for “any kind of currency,” potentially including crypto

PwC Partners With BitFury to Create Blockchain Accelerator in Russia

PwC Partners With BitFury to Create Blockchain Accelerator in Russia

Global consulting group PwC partners with mining company Bitfury to launch a business blockchain accelerator in Russia

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

Big four consulting firm PricewaterhouseCoopers (PwC) has partnered with mining and blockchain software company Bitfury Group to create a blockchain accelerator for businesses in Russia, according to a PwC press release today, Dec. 13.

The release explains that PwC has already used Exonum — Bitfury’s open source framework for building blockchain applications — for educational courses and seminars.

According to the release, the main goal of the new accelerator is to meet the “current needs” of the consulting giant’s enterprise clients in Russia. Victor Nelin, an IT consulting manager at PwC’s Russian branch, claimed that BitFury and PwC will provide “fundamentally new” products to companies in different industries within the next few years.

The release also cites a recent PwC study on blockchain implementation in the energy sector. The company believes that blockchain can “drastically” change the modern economy and cut personnel and infrastructure costs with the automation of business processes.

With a revenue totalling over $41 billion for the 2018 fiscal year, PwC is currently the second largest among the Big Four professional services firms.

As Cointelegraph previously reported, in November Bitfury’s Russian branch launched another blockchain accelerator with the Moscow-based Plekhanov Russian University of Economics. As part of the partnership, the university committed to offering blockchain-related courses and additional educational programs.

PwC will also launch its own accelerator to bolster its employees’ knowledge of blockchain via a two-year program starting January 2019. The United Kingdom-based company expects to train as many as 1000 employees.


Zur Quelle
[/ihc-hide-content]

Global consulting group PwC partners with mining company Bitfury to launch a business blockchain accelerator in Russia

Australia: National Transport Insurance Partners on Blockchain for Food Safety Trial

Australia: National Transport Insurance Partners on Blockchain for Food Safety Trial

Australia’s National Transport Insurance (NTI) has announced it will trial a blockchain system to enhance the safety and provenance of beef exports abroad

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]
Australia’s National Transport Insurance (NTI) has announced it will trial a blockchain system to improve supply chain integrity for beef exports abroad, local transport industry magazine Fully Loaded ATN reports Dec. 10.

NTI will reportedly be partnering with BeefLedger, an Australian “integrated provenance, blockchain security and payments platform,” which combines blockchain with Internet of Things (IoT) technology to bolster product credentials across the supply chain.

NTI and Beefledger’s pilot will use the system to track the provenance and production of Australian beef exports to Shanghai, from their rearing on South Australia’s Limestone Coast to a processing facility at Casino in New South Wales, and on to China. As ATN reports, Australia is the third largest beef exporter globally, with some 45,000 cattle producers forming the backbone of the industry.  

The use of blockchain to provide an immutable record of the provenance, safety and integrity of beef products is expected to bolster the confidence of suppliers, exporters and consumers alike. BeefLedger chairman Warwick Powell has explained the choice of the Australia-China route for the blockchain pilot, outlining that in the context of burgeoning demand for beef imports, there is an “increased risk of counterfeiting and poor safety standards.” He noted that:

„Research shows us that ethical standards and concerns for animal welfare, along with authenticity and proof of product origin, are amongst the top priorities for Chinese consumers. It’s also what’s driving consumer interest in Australian products.“

As previously reported, tech giant IBM has partnered with major U.S. retailer Walmart on the development of “The Food Trust” blockchain, which aims to track food provenance globally and allow companies to easily identify issues involved with food recalls, such as tracing contamination more quickly to limit customer risk.

This summer, the government of the South Indian state of Kerala announced it would begin using blockchain for food supply and distribution, also in combination with IoT technology.


Zur Quelle
[/ihc-hide-content]

Australia’s National Transport Insurance (NTI) has announced it will trial a blockchain system to enhance the safety and provenance of beef exports abroad

IBM Partners with Abu Dhabi National Oil Company for Blockchain Supply Chain System

IBM Partners with Abu Dhabi National Oil Company for Blockchain Supply Chain System

A blockchain system for oil and gas production has been successfully tested by a United Arab Emirates national company

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

The Abu Dhabi National Oil Company (ADNOC) has successfully collaborated with IBM to pilot a blockchain supply chain system, according to an ADNOC press release published on Dec. 9.

The release notes that ADNOC — a state-owned oil company in the United Arab Emirates (UAE) — is reportedly among the world’s leading energy and petrochemical groups, with a daily output of about 3 million barrels of oil and 10.5 cubic feet of natural gas.

The pilot project has “provided a single platform that tracks the quantities and financial values of each bilateral transaction” between the involved companies automating the accounting, the release reports.

The system had been announced by the ADNOC Digital Unit Manager, Abdul Nasser Al Mughairbi, at the recent World Energy Capital Assembly in London. During the summit, he noted that “this could be the first application of blockchain in oil and gas production.” Al Mughairbi then further illustrated his perception of the underlying technology:

“Blockchain is a game-changer. It will substantially reduce our operating costs by eliminating time-consuming and labor-intensive processes, strengthen the marketing and trading of our products, and create long-term sustainable value.”

Zahid Habib, an IBM representative, claimed that the system “enables the ability to track irrefutably, every molecule of oil, and its value, from well to customer.” ArabianGazette also added that in the future, customers and investors will be given access to the data “providing seamless integration among stakeholders.”

The press release further noted what ADNOC hopes this system will bring to the company and its customers:

“[The system] will reduce the time it takes to execute transactions between [its] operating companies and significantly increase operational efficiencies across its full value chain. It will also improve the reliability of production data by enabling greater transparency in transactions.”

Cointelegraph reported earlier last week on the launch of a blockchain-based processing tool from post-trade management platform VAKT, designed for an initial group of crude oil industry clients including giants such as BP, Equinor, Shell, Gunvor and Mercuria.

The Abu Dhabi Global Market also completed a test of a blockchain-based system earlier this week. The international financial free zone in the capital of the United Arab Emirates (UAE) has reportedly successfully concluded a pilot for the Know Your Customer (KYC) project.


Zur Quelle
[/ihc-hide-content]

A blockchain system for oil and gas production has been successfully tested by a United Arab Emirates national company

Ledger, Neufund Partner to Create Security Tokens Framework

Ledger, Neufund Partner to Create Security Tokens Framework

Ledger partners with German crypto firm Neufund to let users manage security tokens directly from Ledger’s desktop app

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

Cryptocurrency hardware wallet firm Ledger has partnered with German crypto startup Neufund to let users manage security tokens via Ledger’s desktop app, according to a press release Dec. 6.

Ledger’s collaboration with blockchain-based equity and crypto fundraising platform Neufund aims to develop a framework for security tokens. Ledger Live — a recently launched desktop application for crypto asset management — is reportedly adding an ERC-20 integration “soon.” The app will let users manage security tokens issued via Neufund’s set of protocols.

Previously, Neufund teamed up with cryptocurrency exchange BitBay to let investors buy and sell equity tokens with fiat currencies. At that time, Neufund was reportedly aiming to become the first end-to-end primary issuance platform for security tokens, specializing in equity tokens.

Meanwhile, Ledger announced in late November that it is expanding to New York as part of its development of institutional custody offering Ledger Vault. Ledger Vault is a form of custody solution allowing multiple members of a corporate entity such as a hedge fund to access the same cold storage wallet.

Also in November, the Germany-based IOTA Foundation announced it will integrate IOTA tokens with Ledger’s cryptocurrency hardware wallets.


Zur Quelle
[/ihc-hide-content]

Ledger partners with German crypto firm Neufund to let users manage security tokens directly from Ledger’s desktop app

US Trading Technology Firm Partners With R3 Blockchain Consortium

US Trading Technology Firm Partners With R3 Blockchain Consortium

American trading technology firm IPC Systems has partnered with the R3 blockchain consortium to purportedly improve smart contract accuracy

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

American trading-communications firm IPC Systems has partnered with enterprise blockchain software consortium R3, according to a press release shared with Cointelegraph Dec. 3.

IPC is a trading technology service company known for producing trading turrets, which are communications systems used by financial traders on their trading desks. Through the Partnership, IPC plans to support the consortium’s Corda blockchain networks on its Connexus platform.

Connexus Cloud is a financial markets cloud-based platform for data, voice, and business communications and compliance. The product includes financial industry firms, liquidity revenues, energy firms, and market data and clearing companies.

The Corda blockchain network uses smart contracts that are triggered by price or volatility developments in markets. By partnering with R3, IPC will purportedly provide capital market data, making the sources of information used by smart contracts — dubbed “oracles” — more accurate.

IPC Director of Product Management Robert Coole said that “the financial industry interest in blockchain has significantly increased in recent years, with continuous growth of investment to support this emerging technology.”

Today, 26 French companies and five major banks completed a Know Your Customer (KYC) test based on the Corda platform. Trial participants were reportedly able to implement KYC requests within a shared network, with banks having to request access to data and clients able to approve and revoke access, with all the data recorded on the blockchain.

In November, SBI Ripple Asia and the Japan Payment Card Consortium announced a joint proof of concept (PoC) to combat fraud with blockchain technology, that will be based on Corda. The PoC will also aim to prevent damage from fraudulent transactions, as data in the system will be “shared only with those that have a ‘need to know.’”


Zur Quelle
[/ihc-hide-content]

American trading technology firm IPC Systems has partnered with the R3 blockchain consortium to purportedly improve smart contract accuracy

Islamic Financial Institution Partners With Startup to Develop Interbank Blockchain Tools

Islamic Financial Institution Partners With Startup to Develop Interbank Blockchain Tools

Islamic banks will gain their own suite of blockchain products in a bid to improve liquidity management with the Islamic Development Bank Group’s new partnership

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]
Saudi Arabian developmental institution the Islamic Development Bank Group (IsDB) has partnered with a Tunisian startup to develop interbank blockchain tools, a press release confirmed Nov. 29.

IsDB, which will conduct the project through its private sector subsidiary, the Islamic Corporation for the Development of Private Sector (ICD), wants to improve Islamic financial institutions’ liquidity management and increase overall efficiency.

The institution signed an agreement with Tunis-based iFinTech Solutions, a dedicated outfit which describes itself as an “Investment Advisory Firm focused on alternative financial solutions based on Islamic principles.”

The impetus behind using blockchain for the initiative lies in the relative disadvantage Islamic banks have on the worldwide stage, with institutions restricted from funding options provided by international central banks, Reuters noted Dec. 3.

Ayman Sejiny, CEO of ICD, added in the press release:

“IT will always play an important role for the financial system. We will consistently pursue our strategy of service orientation and help our partners with innovative Sharia compliant FinTech solutions.”

Saudi Arabia has traditionally copied many other jurisdictions in maintaining a risk-averse official stance on cryptocurrencies while championing blockchain.

In September, the country saw its first bank join R3’s Corda platform, a month after regulators urged consumers not to trade cryptoassets.

The debate around the industry’s compatibility with Islam also continues, Turkey adopting a conservative stance which, as Cointelegraph reported, subsequently proved particularly unpopular with one U.K. mosque.

Last week, an Abu Dhabi-based bank also announced it had completed the “first” suduk (a legal instrument also known as “sharia compliant” bonds) transaction with blockchain.


Zur Quelle
[/ihc-hide-content]

Islamic banks will gain their own suite of blockchain products in a bid to improve liquidity management with the Islamic Development Bank Group’s new partnership

Microsoft Japan Partners With Startup to Increase Domestic Blockchain Uptake

Microsoft Japan Partners With Startup to Increase Domestic Blockchain Uptake

Microsoft Azure will form the basis for a blockchain propagation partnership between Microsoft Japan and startup LayerX

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]

The Japanese arm of computer giant Microsoft has partnered with nascent blockchain startup LayerX to “accelerate” uptake of the technology, Cointelegraph Japan reported Nov. 30.

LayerX, which formed in August as a joint venture from news curation app Gunosy and advisory service AnyPay, oversees blockchain integration for enterprise, including areas such as smart contracts and general consulting.

Using Microsoft’s Azure Blockchain-as-a-Service (BaaS) solution, the companies will seek to promote the technology further in the domestic economy.

“We will support the introduction process in its entirety, even down to technical support of finished implementations,” an accompanying press release stated, adding:

“Both companies will work toward realization of transformation of people’s lives and working practices by promoting the implementation of blockchain technology in various industries.”

Earlier this month, Microsoft released its cloud-based Azure blockchain development kit, which executives said would initially focus on three areas: “connecting interfaces, integrating data and systems, and deploying smart contracts and blockchain networks.”

The Japan move forms the latest in the country’s ever-increasing activity in both the blockchain and cryptocurrency sphere, with multiple entities involved in promoting the technology among consumers.

Two Japanese cryptocurrency exchanges, Coincheck and Zaif, meanwhile continue to recover from hacks in January and September this year that saw losses totaling almost $600 million.


Zur Quelle
[/ihc-hide-content]

Microsoft Azure will form the basis for a blockchain propagation partnership between Microsoft Japan and startup LayerX

Swiss Food Manufacturer Partners with ETH-based Blockchain Service to Track Tuna Products

Swiss Food Manufacturer Partners with ETH-based Blockchain Service to Track Tuna Products

Swiss food manufacturer Gustav Gerig will use the Ethereum blockchain to track the provenance of tuna products

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]
A Swiss food manufacturer has become the “first” in Europe to use the Ethereum (ETH) blockchain to track fish products, a press release confirmed Nov. 28.

Gustav Gerig AG, which has operated since 1923, partnered with global tuna marketing company Pacifical c.v. to allow clients to certify the origin of its tuna range using blockchain technology.

Tins in the range will soon sport a QR code that consumers can scan in order to find out information such as the production date, type of tuna, and even the boat used to catch it.

The blockchain implementation is being provided by Thailand-based Atato, a blockchain service provider building enterprise-geared decentralized applications in partnership with Ethereum cofounder Joseph Lubin’s startup ConsenSys.

“In providing an optimal level of transparency the company will enable all its clients access to data on exactly how the Pacifical MSC tuna was sustainably caught through the following information: which captain, vessel, catch timing, method and area, where and when it was processed,” the press release explained.

Food supply chains and provenance have increasingly turned to blockchain in order to increase fairness and security along with transparency.

As Cointelegraph has reported, initiatives have focused on industries ranging from chicken to rice in recent months.

Pacifical began partnering with Atato in August in order to bring blockchain’s benefits to tuna distribution.


Zur Quelle
[/ihc-hide-content]

Swiss food manufacturer Gustav Gerig will use the Ethereum blockchain to track the provenance of tuna products

Nasdaq Partners with VanEck to Release ‘Regulated, Surveilled’ Digital Assets Products

Nasdaq Partners with VanEck to Release ‘Regulated, Surveilled’ Digital Assets Products

Stock market giant Nasdaq and investment firm VanEck have partnered to jointly launch a set of “transparent, regulated and surveilled” digital assets products

[ihc-hide-content ihc_mb_type=“show“ ihc_mb_who=“reg“ ihc_mb_template=“1″ ]
The world’s second largest stock exchange Nasdaq and U.S. investment firm VanEck have announced a partnership to jointly launch a set of “transparent, regulated and surveilled” digital assets products. VanEck’s director of digital asset strategy Gabor Gurbacs tweeted the news Nov. 27.

Gurbacs revealed the partnership at the Consensus:Invest crypto conference in New York City. The announcement echoes yesterday’s report from Bloomberg, citing “two people familiar with the matter,” that Nasdaq would be rolling out a Bitcoin (BTC) futures contract as early as Q1 ‘19.

Gurbacs indicated in his tweet that the new products would harness Nasdaq’s SMARTS Market Surveillance system, alongside VanEck’s MVIS digital asset pricing indices.

SMARTS is a cross-market, cross-asset, multi-venue surveillance tool that correlates real-time and historical data with detection patterns to trace illegal market activities such as spoofing and wash trading.

As of press time, it has not been confirmed whether the BTC futures contract will be cash-backed, or physically settled (i.e. with returns paid out in BTC rather than fiat currency).

As reported, VanEck is currently awaiting a final decision from securities regulators on its joint proposal for a physically-backed Bitcoin exchange-traded fund (ETF) together with blockchain software and financial services firm SolidX.

After a rejection by the U.S. Securities and Exchange Commission (SEC) in March 2017, the proposal was re-submitted for listing on CBOE’s BZX Equities Exchange this June. Its fate is still pending since the SEC postponed its decision this August.

While cash-settled Bitcoin futures contracts came to market as early as December 2017, the first physically-delivered Bitcoin futures are targeted for launch in January 2019 on Bakkt, the digital assets platform created by New York Stock Exchange (NYSE) operator, the Intercontinental Exchange (ICE).


Zur Quelle
[/ihc-hide-content]

Stock market giant Nasdaq and investment firm VanEck have partnered to jointly launch a set of “transparent, regulated and surveilled” digital assets products