DBS and Ant International have launched a pilot of a blockchain-powered treasury and liquidity management solution designed to enable Ant International to reduce the settlement of intragroup transactions from days to seconds. The solution, DBS Treasury Tokens, will enable Ant International, a provider of digital...
Blockchain technology, once synonymous with cryptocurrencies, is expanding into mainstream industries. The $943 billion projected market by 2032 has sparked a debate between public and private blockchains for regulated sectors like finance and healthcare. Historically, private blockchains, controlled by single entities or consortia, have been...
Aelf and ChainGPT have partnered to add chatbots, non-fungible token (NFT) and smart contract generators, and other artificial intelligence (AI) technologies to aelf’s blockchain network. This collaboration aims to accelerate aelf’s transformation into an AI-enhanced blockchain and extend ChainGPT’s AI-powered infrastructure for the blockchain industry into...
Blockchain solutions provider Ripple is set to team up with Dubai’s DIFC Innovation Hub. The collaboration is designed to accelerate blockchain and digital assets innovation in the United Arab Emirates (UAE), Ripple announced Wednesday (Aug. 7), connecting developers with the DIFC Hub, home to more than 1,000 growth-stage tech companies,...
Fraud detection and prevention are among the many promises blockchain technology holds. But unlike certain other far-from-realized promises, the security of on-chain digitization is finding real use in the real world. On Tuesday (July 30) California’s Department of Motor Vehicles (DMV) digitized tens of millions...
State Street is reportedly looking at a number of options for settling payments on blockchain. The financial services and banking firm is considering creating its own stablecoin, creating its own deposit token, joining digital-cash consortium efforts, and developing settlement options through blockchain payment startup Fnality,...
Traditional financial operations are centralized, regulated and audited. Blockchain technology and cryptocurrencies are, well, pretty much the opposite, relying instead on cryptographic algorithms and decentralized consensus mechanisms to secure transactions. But despite the sector’s troubled youth, as the blockchain and digital asset space matures, major...
Cryptocurrency exchange Coinbase introduced a centralized hub for monitoring onchain activity. “In the rapidly evolving, decentralized world of crypto, keeping track of your onchain activities can be hard,” the company said in a Thursday (July 11) blog post. “Today, many people use manual spreadsheets and...
Crypto is as crypto does. And crypto is, by all appearances, trying to do better. The European Union’s (EU) landmark Markets in Crypto-Assets Act (MiCA) framework is now live, and Web3 companies are already complying, a fact which industry observers believe could represent the start...
