IBM, ANZ, Westpac and more collaborate for Lygon blockchain bank guarantee project

A group of five institutions will be launching a live blockchain pilot that will aim to significantly contribute to how businesses obtain and manage bank guarantees.

The group, which includes Australian shopping centre company Scentre Group, financial service firm Westpac, Commonwealth Bank, Australia and New Zealand Banking Group (ANZ), along with tech giant IBM, will be launch the pilot for Lygon --  a blockchain-based platform that digitises the issuance and management of...

Nestle aims to ‘break new ground in supply chain transparency’ through open blockchain project

Nestle has launched a partnership with OpenSC, a blockchain platform to help bring greater provenance to the supply chain – but notes the initiative is only at a pilot stage.

Nestle’s partnership with OpenSC makes it the first major food company to pilot open blockchain technology and instigating transparency. The first stage of the pilot includes tracing milk from farms and producers in New Zealand to the company’s factories and warehouses in the Middle East region. After...

Advanced Blockchain becomes first blockchain company to list on Germany’s Xetra Exchange

Advanced Blockchain AG, a German blockchain as a service (BaaS) provider, has been listed on the Xetra Exchange, making it the first blockchain developer to be registered on the Deutsche Börse-run digital stock exchange.

As first reported by CoinTelegraph, German securities brokerage firm Lang & Schwarz has facilitated Advanced Blockchain’s Xetra listing as designated sponsor and market maker. Before being listed on Xetra, Advanced Blockchain was listed on the Frankfurt...

Dfuse raises $3.5 million to further blockchain API mission

Dfuse, a provider of APIs for blockchain technology, has announced that it has raised £2.75m in a seed round led by Multicoin Capital, a thesis-driven cryptofund, and Intel Capital.

According to Dfuse, the latest funding will be utilised to expand its cross-blockchain technology platform and also grow its engineering and customer success teams. The company, in its own words, provides ‘the most robust and reliable Web3 data stack, with GraphQL, WebSocket and REST APIs to...

Walmart launches another blockchain scheme for food safety in China

Walmart has announced a new blockchain traceability platform in China, which has been developed in partnership with the China Chain-Store & Franchise Association (CCFA), PwC, Inner Mongolia Kerchin Co., Ltd., and VeChain.

Built using the the VeChainThor Blockchain, the platform came with the introduction of the first batch of 23 product lines that have been tested and launched on it. It is said that this Platform will scale by additional 100 product lines by the end of 2020,...

Analysing Facebook’s Libra whitepaper: Stability, security and subsidiaries

Rumours had been rife for months around Facebook’s dalliances with cryptocurrency. In recent times, this has turned into reality. In March, it was first reported that the company was offering up no fewer than 22 jobs in its blockchain division. At the time of writing, it has gone up to 29.

Last week came the announcement and launch of Libra, a global cryptocurrency which will aim to be launched in 2020, alongside the blockchain network supporting it. The goal is for Libra to be...

Helium raises £12m in series C funding round with major crypto backers

Helium, an Internet of Things (IoT) startup co-founded by the inventor of Napster, has raised funds worth $15 million (£12m) in a series C funding round that was conducted by Union Square Ventures and Multicoin Capital.

Since its inception, Helium, whose founders include Shawn Fanning and CEO Amir Haleem, has focused on creating a budget-friendly data network that IoT devices could access by using consumer Wi-Fi as its backend.

According to Helium, presently,...

Microsoft and Salesforce join Hyperledger

Hyperledger has announced that Microsoft and Salesforce have joined as new members to its blockchain consortium. Other names like Russian metal company Norilsk Nickel (Nornickel), Polish agricultural tech solutions developer Gloscad, and American SCM tech solutions developer Milligan Partners, have also signed up.

All these new members will be paying their dues to Hyperledger, depending on the size of their business. These companies will also build applications using the...

Spring Labs raises $23 million in series A funding to further ‘un-bureau’ mission

California-based blockchain startup Spring Labs announced that it has raised $23m (£18m) in a recently conducted series A funding round led by GreatPoint Ventures. Existing investors including August Capital, General Motors Ventures, RRE Ventures, Galaxy Digital, Multicoin Capital, The Pritzker Group, and CardWorks also participated in the fundraising session.

Spring Labs is the developer of the Spring Protocol, which is a blockchain-based platform that transforms the way...

Voatz raises $7 million to help push mobile blockchain voting platform

Massachusetts-based voting and citizen engagement platform Voatz has accumulated a total of $7 million (£5.53m) in its latest series A fundraising round. The fundraiser - led by Medici Ventures and Techstars - will help Voatz to boost the accessibility and usability of its technology and expand its security footprint, as the company launches new pilot programmes with states, cities, and international jurisdictions.

The Voatz platform, which uses biometrics, encryption, and...