IOTA Foundation to support EU blockchain initiative

The European Commission’s blockchain initiative has selected the IOTA Foundation as one of seven projects to participate in the preliminary stage of designing an EU-wide distributed ledger technology platform.  The initiative seeks to increase the efficiency and accountability of the European Blockchain Services Infrastructure (EBSI), a network of nodes dedicated to facilitating the efficiency of EU-centric transactions, as well as the expansion of the region’s supply chain through the adoption of emerging technologies, all the while reducing European carbon footprint. The IOTA Foundation — a non-profit organization supporting the Tangle,…

Blockchain security company GK8 announces custody partnership with Stellar

Blockchain cyber security company GK8 will be offering custody and tokenization services to the Stellar Lumen network, a move that could spark institutional interest in XLM token.  By integrating with Stellar, customers of GK8 can access XLM investments in a custodial setting, opening the door to offline transactions of the digital currency, the company announced Monday. GK8 says its infrastructure eliminates the risk of cyberattacks while also providing scalable, high-frequency transactions. GK8 co-founder and CEO Lior Lamesh said the partnership enables XLM’s institutional investors to “generate new revenue streams, digitize…

How will blockchain technology help fight climate change? Experts answer

For some time, the global climate crisis was a hot topic to debate. But the discourse has changed and a consensus has been reached, moving the conversation toward how to stop — or at least to lessen — the ongoing issue of climate change. Two pivotal moments in reaching this point were the adoption of the United Nations’ Sustainable Development Goals (SDGs), whose mission is to be a “blueprint to achieve a better and more sustainable future for all,” and the Paris Agreement, an international accord adopted by nearly every…

Crypto and blockchain jobs’ share grew 118% in ten months, new data shows

A new report gathering together the most recent data on the cryptocurrency and blockchain job market has suggested that higher levels of institutional adoption have spurred ever greater demand for expertise in the sector. According to the employment website Indeed, cited today in Korea IT Times, as of mid-July 2021, the overall share of crypto and blockchain job postings on the platform has grown 118% compared to early September 2020.  This solid growth has also come to a shift in the roles being sought after, with the share of management posts…

Blockchain streaming platform Audius announces Solana NFT integration

Blockchain-based music streaming platform Audius announced Thursday that it had launched full Solana NFT integration, allowing its more than six million users to begin featuring digital collectibles from the Solana library. The integration will occur through Phantom, Solana’s multichain wallet and browser extension. The new features will be available to Audius’ silver tier profiles, accounts holding more than 100 of the platform’s native AUDIO tokens. Roneil Rumburg, Audius’ co-founder and CEO, said the partnership gives Solana its first “NFT discovery layer,” adding that: “Tooling from Metaplex and the Audius integration…

Leading South Korean telecom firm adopts blockchain for carbon ambitions

A major South Korean telecommunication company, KT Corp, has outlined plans to create a fully electronic documentation service, utilizing blockchain technology to contribute to environmentally conscious ambitions. The telecommunications firm currently provides around 90% of the nation’s fixed-line mobile networks, as well as a further 45% of broadband high-speed internet services. The e-document venture titled “E-document Digital Transformation (DX) One Team” will be a collaborative effort among 14 businesses, with the established objective of reducing the network’s carbon emission output. Once implemented, the initiative will digitize the entire tenure of the paper-based…

​​Cream Finance will integrate with Polkadot blockchain using Moonbeam

Decentralized finance (DeFi) project ​​Cream Finance will bring its lending and borrowing services to Moonbeam, a smart contract platform on Polkadot.  In a Thursday announcement, Moonbeam said Cream Finance would be integrating with its ecosystem, starting with a parachain on Kusama, Moonriver and then on Polkadot. Kusama and Polkadot users will be able to use Cream’s services to deposit digital assets as collateral or lend them out. “Lending and borrowing protocols lie at the heart of a productive DeFi ecosystem,” said Moonbeam founder Derek Yoo. “The integration not only provides…

China’s new blockchain infrastructure to digitize securities and futures

Chinese regulators including the Securities Association of China (SAC) and the China Securities Regulatory Commission (CSRC) held a meeting in Beijing to promote blockchain in the securities industry and discuss regulations. In the symposium organized by China Securities Industry Alliance Chain and Off-site Alliance Chain, the deputy director-general of the Science and Technology Regulatory Bureau of CSRC, Jiang Dongxing, spoke about the consensus of Chinese businesses to digitally transform the securities and futures industry. Citing the 14th Five-Year Plan, which details China’s intent to use blockchain technology, Dongxing mentioned that…

Illuvium hits new highs as interest in NFT-based blockchain gaming skyrockets

The world of nonfungible tokens and blockchain gaming has seen immense growth and progress towards mainstream adoption in 2021. Recently, the movement picked up steam as an array of celebrities and internet influencers jumped on the hype train by purchasing premium digital collectibles.  One project that has quickly risen in value over the past two months as details about its ongoing development trickle to the public is Illuvium (ILV), an open-world fantasy battle game built on the Ethereum (ETH) blockchain. ILV/USD 1-day chart. Source: CoinGecko Data from CoinGecko shows that after…

New Blockchain Lab aims to modernize the mortgage industry

Global business provider Zventus announced a new blockchain initiative on Monday titled ‘Mortgage Blockchain Lab’. The proposal i meant to collate the resources of several mortgage experts, technology firms and academic institutions to collaborate on blockchain research and development focused on the mortgage sector.  The California-based firm, whose product and service offering spans a broad business spectrum including business consultancy, human resource strategy and tech support, will work with the lab’s partners in this blockchain sandbox to trial and test new products and services. Early reports from the firm suggest…