An announcement has been made by IoTeX ecosystem that they have recently received an strategic investment from HashQuark with the aim in long-term collaboration in establishing the Internet of Trusted Things. The CEO of IoTex, Raullen Chai explained, “HashQuark’s global reach and experienced node services will help bring IoTex to new heights. We are excited to have HashQuark as our strategic investor and join our Delegate program to secure and grow IoTex network!”
Modex has recently stepped up its strategy in combating counterfeit goods by using blockchain technology and IoT. A product authenticity, from the sourcing, manufacturing, and distribution networks makes it hard for manufacturers, partners, and customers can be ensured by blockchain technology & IoT as it will reduce the risk of stolen sales, & reputational harm.
The venture capital and investment arm of the NEM blockchain, NEM Ventures has shared their plan to invest in blockchain and IoT startup, IoDLT. The Director and Co-founder of NEM Ventures, David Mansell expressed, “We see huge potential in IoDLT, and are thrilled to be investing in a startup with significant potential for scalability. Facilitated by NEM Catapult, IoT devices connected directly to the blockchain will have a wide array of industry application.”
The Chainlink and IoTeX platform have established a partnership to deliver real word data to blockchain and oracle research. The Global Head of Business Development at Chainlink, Daniel Kochis explained, “We are excited to work with IoTeX to introduce new IoT data and TEE technology to the blockchain industry and expand the capabilities of decentralized oracles.”
Advanced Blockchain AG set to become the first blockchain development company to launch on Xetra, Deutsche Börse-operated digital stock exchange. Xetra is Frankfurt, Germany & it’s an all electronic exchange which has more than 200 trading members from across 16 European nations. Advanced Blockchain AG has partnered with German Telecom firm for blockchain IoT platform.
A global healthcare blockchain platform, Solve.Care have shared that they have collaborated with Cyber-Physical Chain (CPChain) to build IoT infrastructure to the healthcare industry on the blockchain. The Founder of Solve.Care, Pradeep Goel explained, “Our partnership with CPChain will see us adding the ability to incorporate consumer, wearable, and other medical device data into our platform. The opportunities are enormous.”
A major IT company based in the U.S, Hewlett Packard (HP) Enterprise is exploring mixing of technology such as blockchain, Artificial Intelligence (AI) to develop internet-connected devices. It names it as ‘Edge computing’ which powers the Internet of Things devices like self-driving cars, personalized mobile-app promotions based on real-time analytics and predictive maintenance on industrial machines, whilst ensuring data privacy.
ITW Global Leaders’ Forum (GLF) has shared its collaboration with the CSG as in establishing a communications blockchain network. The director of product management at CSG, Finn Kornbo explained, “The adoption of blockchain technology helps carriers reduce costs while enhancing revenue growth by supporting the launch of new and innovated services brought about by 5G, IoT and other industry advancements.”
The World Economic Forum (WEF) has formed fourth industrial revolution councils which will work to bring out a new technology policy guidance. The council will be keeping an eye on development on artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine. The board is composed of 200 leaders from the public and private sectors to lay clearly defined rules.
T-Labs (tech arm of German Deutsche Telekom) and Fetch.AI (a tech startup based in Cambridge) have joined hands with motto to develop a decentralized Internet of Things (IoT) network innovations by signing a a memorandum of understanding (MoU). Toby Simpson, Co-founder of Fetch.AI said, “This memorandum of understanding further reinforces our commitment to work closely and combine our expertise and experience to bring this to reality sooner than any of us had previously imagined.”