ConsenSys Codefi, a blockchain-based product has been launched by the ConsenSys which will help the business to optimize their process, digitize payments, and build customized decentralized applications. ConsenSys’ fintech co-head said, “By leveraging Ethereum technology to digitize business processes and assets, we have, repeatedly, delivered real-life solutions that are so much better — more compliant, reliable, and cost-effective — that it is clear this is the future of commerce and finance.”
The United Arab Emirates (UAE) has launched a blockchain database for medical professionals like Doctors, pharmacist, & allied technicians as part of its blockchain strategy 2021. The blockchain technology offers immutable and a decentralized system, which will allow them to ensure that data uploaded can only be changed if all medical establishments agree on it. The government visions to achieve 50% of the system on the blockchain by 2021 and integrate smart diagnosis & remote services.
A blockchain consortium for international trad, Marco Polo (built on R3’s Corda blockchain) has welcomed Bank of America as its latest member. The bank’s head for supply chain finance, Geoff Brady said, “Joining the Marco Polo Network supports our strategic objective of turning technology advances into trade solutions that address client needs. We look forward to exploring how new technology can generate greater transparency for our clients throughout the transaction lifecycle, making traditional processes easier and more efficient.”
The IBM blockchain platform has collaborated with GMEX Technologies to develop a hybrid product which will support multiple digital assets like, cryptocurrencies and security tokens to its platform. Hirander Misra, CEO of GMEX expressed, “This is a unique industry approach as it will enable multiple pools of liquidity to connect with multiple custodians with a single aggregated trading, clearing and settlement solution.”
Wells Fargo & Company (a financial service provider based in the USA) has made public that it has plans to tap distributed ledger technology (DLT) for its Wells Fargo Digital Cash pilot. Its Innovations head, Lisa Frazier said: “As a result of the increasing digitization of banking services globally, we see a growing demand to further reduce friction regarding traditional borders, and today’s technology puts us in a strong position to do that.”
The Turkish government has unveiled its Strategy 2023 document via its ministry of industry and technology which set itself a target to construct a new open-source platform for blockchain for the nation. From the document: “Blockchain, delivers a distributed communication infrastructure to provide trust between parties on transactions without the need for a central authority. This feature enables it to address transparency and reliability issues, from smart contracts to supply chains. Because it removes any intermediaries, blockchain technology builds new business models that will shape the future.”
JustCo and IOST (a blockchain network) have collaborated to bring out IOST Launchpad, a global initiative to give blockchain founders building on IOST a platform to launch, market and accelerate their growth. JustCo is the only Asian-based coworking service provider that has a multi-city presence in the Asia Pacific region, this partnership aims to built and expand its offline presence in all major Asian nations.
The United States Food and Drug Administration (FDA) has held a public meeting named, “A New Era of Smarter Food Safety” with an aim to establish a more digital, traceable, and safer system to protect consumers from contaminated food. The program visions to make use of emerging technology blockchain, AI, and IoT.
DAOBet (a blockchain-based betting platform) has announced that it has opened for registration by people interested in launching their own node in the testing of the DAObet blockchain mainnet. This Game of Stakes event will allow the blockchain more secure and stable, get an in-depth experience of the ecosystem and earn exciting prizes and the players will need to have strong social, economic and technical strategies to defend against cyberattacks & grow the platform.
Angelium blockchain (a cross reality platform) which is being developed by ‘No Borders Corporation’ has unveiled that it is trying to offer users an interactive lifestyle between the real world and the virtual world based on its own blockchain technology. The chief objective of this project is to precisely to create a convergence between reality and virtual reality, exploiting advanced technologies such as Augmented Reality (AR) that allows users to deploy assets or objects of a virtual world in a real-world.