Blockchain-focused venture firm Electric Capital raises $110m in seed and series A fund

Electric Capital, an early stage venture firm which focuses on cryptocurrencies, blockchain and fintech, has secured a $110 million (£84.1m) seed and series A fund, focused on cryptonetworks and blockchain-enabled businesses.

The company, whose bets include Coinlist, CryptoKitties and Oasis Labs among others, said the capital raised - its second fund - will go into five specific areas. These are decentralised finance (DeFi), particularly around insurance and credit scoring;...

Voatz says its blockchain voting platform complies with federal guidelines

Mobile voting provider Voatz has announced its platform is compliant with federal voting system guidelines, after 'comprehensive' testing by an independent lab.

Pro V&V, a software and systems third party test laboratory, authored a 47-page report which concluded that Voatz 'meets the applicable requirements set forth for voting systems' according to US Election Assistance Commission (EAC) guidelines.

The testing, which took five months, assessed Voatz in various...

Howdoo becomes Hyprr, grabs Alpha Sigma Capital funding for blockchain social network

Meet Hyprr. The startup, based out of Los Angeles, is looking to utilise blockchain technology to create a social network which offers greater control to users and creators.

The company's platform is powered by UDOO, a utility token, whereby users and content creators can utilise paywall features. Users can also generate income through likes and shares - much as Medium and other publishers do with claps.

Hyprr was previously known as Howdoo, but earlier this week changed...

DAML becomes available on Corda – with production and enterprise features to come

DAML, an open source language for constructing smart contracts, is now available commercially on R3's Corda.

The announcement came from digital finance technology provider IntellectEU. The company said that the move will enable developers to move beyond Kotlin, a general purpose programming language, to write and run applications on the platform.

DAML on Corda is available now for development and testing, while production use and enterprise features are expected later...

Chronicled partners with Deloitte for blockchain in life sciences and healthcare

Chronicled, a US-based provider of blockchain platforms for smart supply chains, has announced a partnership with Deloitte to bring blockchain-based solutions to life sciences and healthcare.

The companies will come together to utilise technology and solutions powered by Chronicled's MediLedger network.

Among the use cases to be trialled included a solution to help fight fraud for potential Covid-19 medication. MediLedger's product verification offering can 'enable...

WEF article explores how blockchain could be key to ‘equitable’ Covid-19 vaccine distribution

Blockchain will be an 'essential' and 'integral' tool in distributing a potential Covid-19 vaccine, according to an article published by the World Economic Forum (WEF).

In a note published by Punit Shukla and Amey Raiput, WEF project lead and fellow for blockchain and digital assets, alongside Sid Chakravarthy, CEO at supply chain technology provider StaTwig, success in global distribution will require leveraging tools and capabilities such as blockchain in a way 'never seen...

Volvo doubles down on blockchain play with Circulor investment

Volvo has announced an investment in Circulor, a blockchain technology provider, as the company looks to further its ambitions in the sector.

The investment in Circulor is focused on providing greater traceability for cobalt in Volvo's supply chain, with Volvo Cars Tech Fund, the venture capital arm of the automotive manufacturer, contributing alongside SYSTEMIQ, Total Carbon Neutrality Ventures and Plug & Play.

Cobalt is used significantly in lithium ion batteries,...

Smucker’s works with Farmer Connect for blockchain-based coffee transparency

The J.M. Smucker Company is working to 'pioneer a new era in coffee transparency' by utilising blockchain technology.

Smucker's is partnering with Farmer Connect, a startup which utilises IBM's blockchain to tackle traceability in the farm-to-fork journey. The company came to prominence when launching its consumer-facing provenance app at this year's CES - which until this year was hardly a hive of blockchain activity.

Now, that consumer-facing app has a major client on...

Port of Rotterdam launches blockchain pilot, picks up from IoT projects

The Port of Rotterdam is undertaking a blockchain-based pilot project around container handling, following on from its various initiatives around the Internet of Things (IoT).

The latest project, as detailed on the port's website, is focused around handling and releasing containers without a PIN code. The Secure Container Release application will replace the PIN code with a digital signal, utilising blockchain technology to ensure authorisations are not stolen or copied along the...

Wintermute raises $2.8 million in series A funding for crypto markets

Wintermute, a crypto market maker, has secured $2.8 million in a series A funding round to further its expansion into new liquidity products.

The company, which launched in 2017 and creates liquid and efficient markets for leading crypto exchanges and trading platforms, has the goal of being the 'invisible hand' of the market. Wintermute's proprietary tech stack focuses on high frequency trading, algorithmic trading and market making from traditional financial...