Swiss National Postal Service and Telecom Leader to Build Blockchain Platform

Swiss Post and Swisscom will take advantage of their trusted reputation in Switzerland to create a blockchain platform for use by themselves and others that will be based on Hyperledger Fabric2. Swiss Post is publicly owned and the country’s second largest employer. It already uses blockchain technology to record temperature data while transporting pharmaceuticals in the national postal network. It is also running an energy provision and billing pilot for power generating landlords to accurately charge their tenants in collaboration with Energie Wasser Bern. Swisscom is 51% publicly owned and…

Four International Banks Complete Commercial Paper Transaction on R3’s Corda Platform

A group of international banks in partnership with enterprise blockchain software firm R3 have completed a live commercial paper transaction based on blockchain platform Corda, Finextra reported Dec. 6. The transaction was implemented on the Corda-based Euro Debt Solution application developed by R3, with German banking and financial services company Commerzbank, French corporate and investment bank Natixis, and Dutch financial services firm Rabobank as the participant. In the course of transaction, Natixis reportedly issued 100,000 euro ($113,722) notional, while Rabobank acted as the incestor and ING as both dealer and…

Bitfury Is Implementing Lightning Into Crypto Payment Platform Paytomat

The Bitfury Group has recently announced a partnership with crypto payment processing system Paytomat, working to bring the Lightning Network to Paytomat’s participating merchants. According to a recent Medium post made by LightningPeach, “Bitfury’s in-house specialized Lightning Network engineering team,” the Bitfury Group is pouring its resources into Paytomat’s wallet and vendor system, enabling “users and merchants on the Paytomat system to send and receive bitcoin payments over the Lightning Network almost instantly.” “Both Bitfury and Paytomat participated in the Blockchain Expo in Amsterdam in June, and, after meeting, we…

BitGive Launches Bitcoin Donation Platform GiveTrack 1.0 on Mainnet

Having announced the beta version of its blockchain-based donation platform GiveTrack in 2017, the BitGive Foundation has now launched the GiveTrack 1.0 on the mainnet. The GiveTrack platform was created to bring transparency to the donation process. Using the platform, donations can be made with bitcoin, allowing donors to track the progress of the funds in real time, ensuring donations make it to the intended charities and get used for their intended causes. The latest version of GiveTrack, which was launched at the Latin American Bitcoin and Blockchain Conference in…

Fidelity, Bitmain and More Invest $27 Million in Crypto Trading Platform ErisX

Crypto trading platform ErisX has closed a Series B funding round that raised $27.5 million, the company said Tuesday. Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and Monex Group participated in the funding round, investing in the new derivatives and digital asset trading platform for the first time. ErisX, which is being built by derivatives market provider Eris Exchange, was previously announced as a platform for trading a number of cryptocurrencies, as well as bitcoin futures. CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital and Valor Equity Partners…

Trading Platform Paxful Completes Construction for Second School in Rwanda

Children in the Rwandan village of Kasebigege are being given a greater chance to pursue a sound education as construction on a new school, developed by bitcoin marketplace Paxful, has been completed. Located in the Bugesera District, the school is a primary institution designed for children between the ages of 6 and 15. It’s Paxful’s second Philanthropic endeavor in the village, and construction was finished roughly one year after the company built a nursery education center in December 2017. In an interview with Bitcoin Magazine, Ray Youssef — CEO and…

Amazon Presents Its Quasi-Blockchain Solution, Platform for Ethereum and Hyperledger Fabric

On Nov. 28, e-commerce giant Amazon announced two blockchain-related products: Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain. The company hence marked its further expansion into the field of blockchain technology, which started with blockchain-related patents and collaborations that Amazon has seemingly chose over working with cryptocurrencies, per se. So what are those new projects and are they going to change the crypto industry? QLDB: Cryptographic, but centralized database As per Amazon’s website, QLDB is a ledger database designed to provide “transparent, immutable and cryptographically verifiable log of transactions,”…

BP And Shell’s Blockchain-Based Oil Trading Platform Goes Live

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. A blockchain-based trading platform that could assist oil majors and trading firms to drastically reduce costs is now operational. Known as Vakt, the platform which was created last year by a consortium consisting of Anglo-Dutch oil giant Shell and British Petroleum (BP), went live on Wednesday, according to Reuters. Other members of the consortium include global commodity trading firm Gunvor Group, Norwegian energy firm Equinor and energy…

Oil-Trading Blockchain Platform VAKT Launches With Shell, BP as First Users

Post trade management platform VAKT has launched its blockchain-based processing tool to an initial group of crude oil industry clients, a press release reports Nov. 29. VAKT, which uses JPMorgan’s Quorum blockchain technology to run, has rolled out to BFOET crude participants. The press release reports that energy giants BP, Equinor, Shell, Gunvor and Mercuria are participating as the platform’s first users. The companies will use the blockchain tool in tandem with their existing systems, VAKT planning a larger rollout in January next year. In future, the company aims to…

Crypto Platform Reveals ‘Premium’ Hardware Wallet in Sleek Video

A platform which aims to demystify crypto and bring it to the masses through a suite of blockchain-driven financial services has launched its latest product: a hardware wallet that combines “institutional-grade security with a consumer-friendly user experience, beautiful design and premium materials.” In a promotional video not dissimilar from the sleek ads released by tech giants such as Apple, Coinvest unveiled the Coinvest Vault – which is designed for storing digital assets. The company says the hardware wallet provides a “one-of-a-kind security architecture” and supports the transfer of hundreds of…