CarbonX is a peer to peer personal carbon trading company; it was formed in a joint venture between ConsenSys and a co-founding group which includes Don and Alex Tapscott who authored the book Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business and the World; according to Blockchain Daily News, “The company plans to purchase carbon credits, or invest in reduction projects, and re-cast the offsets as ERC20 tokens on an Ethereum-based blockchain, then distribute them through an open-loop style loyalty rewards program.” Source
Event follows Ethereal Summit hosted by ConsenSys earlier this year; will include panels, live music, discussions and workshops about blockchain; the event will focus on making blockchain technology easier to understand and is being marketed as a culture focused event rather than a technical one; Cointelegraph provides a list of featured speakers. Source
Punjab National Bank in India recently was the victim of a fraud that cost the bank more than $2bn; some have argued that if the system in which the bank used was on the blockchain the fraud would not have happened or it would have been detected quickly; banks still operate on systems that don’t always connect or still involve a lot of paper; enlisting blockchain will help to make the process more efficient, transparent and safe; when this could be implemented is a different question as banks have started testing the new technology, it has yet to be widely adopted across the globe in banking. Source.
First there was bitcoin. Then there was Ethereum. Now there is EOS, the next generation foundational layer protocol for the...
Credit Suisse and Instinet have recently started to settle US stock trades on a distributed ledger from Paxos Trust; this...
New York-based ConsenSys has been elected to advise the City of Dubai on the first ever blockchain city technology effort; the initiative is led by the Smart Dubai Office and IBM, the government's strategic partner; as part of the Dubai Blockchain Strategy 2020, the city of Dubai will now require all government records and transactions to be documented using blockchain technology. Source
Meet Islands of Cool, a blockchain-based carbon removal project out of New Zealand that wants to make carbon offsets cool.
Agreena has partnered with ZTLment to facilitate increased incentives for carbon sequestration in the agricultural sector
At Fintech Nexus Merge, the panel discussion 'Creating On-Ramps and Off-Ramps Between DeFi and Traditional Finance' was a riveting discussion giving the audience a snapshot of how the convergence between DeFi and TradFi will happen
In the transaction on the blockchain platform, Credit Suisse and ING swapped securities totaling €25 million using the HQLAx Corda collateral lending application; doing transactions in this way increases regulatory transparency, reduces systemic and operational risk and helps companies manage capital efficiently. Source