Blockchain 

Coinbase Launches USDC-Based Initiative to Support DeFi Developers

Cryptocurrency trading platform Coinbase has launched the new USDC Bootstrap Fund aimed at the improvement of Decentralized Finance (DeFi). As the company announced on Sept. 10, Coinbase set up the USDC Bootstrap Fund to support developers who build DeFi protocols by investing USD Coin (USDC) directly in the protocol. Coinbase and payment startup Circle jointly launched their own stablecoin USDC in September 2018. Bringing more liquidity to DeFi protocols Bringing more liquidity to some DeFi protocols ostensibly formed the main impetus behind the idea to establish the fund. Among possible…

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Blockchain 

MouseBelt Launches Blockchain Initiative Across Three UC Campuses

Blockchain accelerator MouseBelt has launched a blockchain education initiative at three UC universities. Blockchain education at U.S. universities In a press release shared with Cointelegraph on Aug. 22, Mousebelt announced an initiative with UC Davis, UC Los Angeles and UC Santa Barbara to support blockchain-focused education, research, and entrepreneurship. Per the release, the firm will provide an initial donation to be divided between the three campuses. Mousebelt plans to invest $500,000 for student projects and raise another $500,000 to fund researchers directly, supporting up to five early-stage companies with up…

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Blockchain 

South Korea’s ‘Bit-Island’ Jeju Announces New Blockchain Initiative

South Korea’s “Bit-Island” Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. An island with blockchain ambitions Local news outlet JejuDomin reported on Aug. 14 that Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. Furthermore, the author of the report stated that cloud services provider Tilon will carry the research. Per the report, the budget meant to cover the costs of the project amounts to 175 million won (nearly $145,000). In April local news outlet BusinessKorea reported that Busan — South Korea’s second…

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Blockchain 

The Enterprise Ethereum Alliance Launches the EEA Mainnet Initiative

The Enterprise Ethereum Alliance (EEA) is setting up a technical group working on collaboration between the mainnet and enterprises. The working group, called the EEA Mainnet Initiative, intends to accelerate and lead cooperation between the EEA’s enterprise and startup members, as well as those who work on the mainnet’s technology and interoperability solutions, according to a press release shared with Cointelegraph on Aug. 6. EEA Mainnet Initiative to work on interoperability and scalability solutions The Mainnet Initiative will seek to improve its knowledge about how public network components match the…

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Blockchain 

‘Smart Dubai’ Initiative Receives a Boost as DAG Platform Comes On Board

A DAG blockchain platform that can operate as the IT infrastructure for smart cities has announced a partnership with the private office of Sheikh Saeed bin Ahmed Al Maktoum — paving the way for an operational presence in Dubai. The Fantom Foundation says its protocol is designed to operate as the information technology infrastructure for smart cities that will make the lives of people living in urban areas easier — enhancing everything from health care and education to traffic management and environmental sustainability. Recently, the Unites Arab Emirates unveiled its “Smart…

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Blockchain 

Japan Data Initiative Brings Blockchain Security to 100 Major Businesses

A data-sharing initiative involving one hundred of Japan’s biggest companies will use blockchain for its security, English-language news outlet Nikkei Asian Review reported on June 17. The project, which will commence in spring 2020, aims for participants to share production data in order to enhance overall efficiency. Its controller is the Industrial Value Chain Initiative, an industry organization formed four years ago by manufacturers interested in the Internet of Things (IoT). Among prospective participants are DMG Mori, Mitsubishi Electric and Yaskawa Electric. “Blockchain […] is expected to lower the risk…

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Blockchain 

Ethereum Consortium Launches Token Initiative With Microsoft, JPMorgan Chase, Others

The Enterprise Ethereum Alliance (EEA) has launched a blockchain-neutral Token Taxonomy Initiative in partnership with major firms, according to a press release from EEA on April 17. The initiative will seek to define tokens in non-technical and cross-industry terms in a bid to drive enterprise token adoption at scale. The EEA describes itself “a member-driven standards organization whose charter is to develop open, blockchain specifications that drive harmonization and interoperability.” Members of the initiative reportedly include global consulting firm Accenture, major banks Santander and JPMorgan Chase, blockchain incubator ConsenSys, Big…

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Blockchain 

Blockchain Insurance Initiative B3i Expands Its Group of Investors

Swiss blockchain-based insurance transaction platform B3i has expanded its group of investors in its ongoing funding round, according to a press release published on April 3. Per the release, B3i has added three new insurer and reinsurers to participate in the company’s current funding round. B3i notes in the announcement that the first phase of the product scheduled to be launched in the fourth quarter of 2019 is being evaluated, while invitations for the second wave of investors are being extended. Additionally, B3i formed a Board of Directors that includes…

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Blockchain 

London Metals Exchange Endorses International Blockchain Initiative: FT

United Kingdom-based global metals trading mecca the London Metals Exchange (LME) is reportedly backing an effort to disrupt industry supply chains with blockchain, but would not confirm its involvement, the Financial Times (FT) reported on March 27. Citing unnamed sources familiar with the alleged plan, FT reported that LME is supportive of an international plan to use blockchain in order for the metals industry to increase transparency around its operations. The participants include Swiss metals giant Mercuria in the role of leader, with banks ING and Macquarie also on board.…

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Blockchain 

Qatar Telecommunications Giant Ooredoo Launches Blockchain Initiative

Qatar-based telecommunications giant Ooredoo Group has launched a blockchain initiative, English-language local media The Peninsular Qatar reports on March 18. Per the report, the company already collaborates with entities in the private, public and academic spaces to develop blockchain solutions. Ooredoo Group CEO Sheikh Saud bin Nasser Al Thani is quoted in the article as stating that “blockchain will facilitate new digital business models and revenue in the next five years.” According to him, blockchain enables organizations to optimize costs and enhance efficiency, transparency and trust while allowing secure digital…

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