The blockchain development company, Horizen Labs, Inc. has successfully raised $4 million in developing blockchain solutions for business. The CEO of Horizen Labs, Rober Viglione commented, “Through Horizen Labs’ proprietary Sidechain-as-a-Service platform, we aim to let companies benefit from the high-level security of Horizen, a privacy-focused blockchain platform with the largest node network in the industry.”
A well-established internet and phone giant, AT&T headquartered in the US has recently unveiled that they have designed a set of blockchain solutions. The blockchain solutions that are compatible with both IBM and Microsoft technology aims to reduce the risk and costs of their customer. AT&T also believes on potential of the blockchain to solve the other complex business problems.
A report by the Royal Bank of Canada (RBC) entitled “Imagine 2025” explained on Ripple Technology solution integration for remittance and banking industries. The report explained, “XRP is used as a bridge asset, meaning that it is a store of value that can be transferred between parties without a central counterparty and thus support liquidity between any two currencies.”
The Serventire Global, a blockchain solution provider, has been acquired by NetObjex Inc. The acquisition would help NetObjex to provide blockchain-based offerings. The CEO of Serventire Global, Georgey Jacob expressed that the acquisition helps the platform to accomplish huge goals. Jacob also acknowledged, “The market for distributed ledger technology is growing rapidly.”
The Ernst & Young LLP has received patents and technology assets for enhancing its crypto asset services. The accounting firm has bought the Andy Crypto-Asset Accounting and Tax (CAAT) tool powered by Elevated Consciousness Inc. It would enable linkage between multiple exchanges and wallets ensuring transparency in crypto transactions. The EY is to partner with Microsoft for blockchain platform.
The consultancy firm Accenture has associated with the aerospace company Thales Group to update the aircraft supply chains by embracing blockchain technology. The global managing director of Accenture, John Schmidt believed could be a ‘game changer’ for the industry and mentioned, “Blockchain technology offers a new, elegant and secure way for the industry to track and trace myriad components.”
AlphaPoint, the blockchain solution provider, has associated with the Galaxy Digital Ventures founded by Michael Novogratz. The company has received $15 million from the Galaxy Digital Ventures. Mike Novogratz, CEO and founder of the Galaxy Digital Ventures, stated, “We are excited to partner with AlphaPoint as we continue to help drive this revolutionary change in digital markets.”
SoftBank Corp has associated with Cloudminds to come up with an authentication solution based on the blockchain. The solution has been put forth in the combination of CloudMinds’ CMPC technology with the telecom carrier’s authentication platform. The VP of SoftBank Corp mentioned, “The CloudMinds authentication solution can be applied to payment service which requires high security.”
ULedger has come up with a blockchain solution easing the companies to comply with GDPR (Global Data Protection Regulation). The company is to extend the service ‘free of charge’ with an aim to increase blockchain adoption. The CEO of the company emphasized that the GDPR tool ‘delivers huge benefits such as security and transparency of data.’
IBM and Global Citizen are associating on “Challenge Accepted” which is aimed at improving the living standards of impoverished people. Developers would be permitted to embrace IBM’s Blockchain Platform Starter Plan to reform the donation process. The co-founder of Global Citizen coined that the technology has the potential to alter the face of humanitarian aid.