Blockchain 

Sberbank Patents Blockchain Repo Solution in a Purported First for Russia Banks

Russia’s largest bank, the state-owned Sberbank, has pioneered a blockchain solution for repurchase agreements — also known as repo. According to a Sberbank announcement on Nov. 19, the bank has been awarded a patent for the solution, which uses smart contract technology to automate repo transactions between parties. Repo markets Repurchase agreements are widely used in wholesale funding markets and serve as a vehicle for banks and non-banks to access liquidity via short-term funding agreements that are collateralized by underlying securities.  In a repo transaction, a bank (or other entity)…

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Ethereum 

IDEX Claims Creation of ‘Infinite Scaling Solution for Ethereum’

IDEX, the decentralized exchange (DEX) responsible for over 40% of all DEX transactions, claims to have created an “infinite scaling solution” for the Ethereum network. 1,000 times faster In an email sent to Cointelegraph, IDEX claims that its system, dubbed Optimized Optimistic Rollups (O2Rs), reaches block finality in 10 minutes. The company also says that this is about 1,000 times faster than the Optimistic Rollups (ORs) developed by Ethereum scalability development organization Plasma Group — which achieves block finality in two weeks. Rollup solutions scale by moving computation off-chain and…

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Blockchain 

VeChain Unveils Food Tracing Solution Foodgates at China’s Import Expo

Singapore-based blockchain application platform VeChain has unveiled a new blockchain tracking system for the food and beverage industry. In a blog post on Nov. 7, the company confirmed it was working with food certification group DNV GL and supply chain specialist ASI Group on the project, known as Foodgates. VeChain “direct beneficiary” of pro-blockchain stance The original announcement came at this year’s China International Import Expo (CIIE), being held from 5-10 Nov. in Shanghai. “The immutability of public blockchain coupled with verifiable information makes this solution really unique,” VeChain COO…

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Bitcoin 

New Wallet Security Solution ‘Far Superior’ to Multi-Sig

The CEO of Binance claims that a newly open-sourced solution for wallet providers and custodians is “far superior” to multi-sig security and will reshape the industry. In a tweet published on Nov. 6, Changpeng Zhao linked to a new open-source release from Binance, declaring: “I believe TSS (threshold signatures scheme) will reshape the landscape for wallets and custodian services. It is far superior to multi-sig.” Unlike multi-sig, TSS is implemented off-chain Binance has today released an open-source implementation of its Threshold Signature Scheme (TSS)  library for Elliptic Curve Digital Signature…

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Bitcoin 

Casa Unveils New Solution to ‘What Happens to My Bitcoin When I Die?

New York-based crypto custody startup Casa has released a new security protocol and service focused on helping people address the question of Bitcoin (BTC) inheritance. The new offering, dubbed “Casa Covenant,” was revealed in an official blog post on Oct. 21. “What happens to my Bitcoin when I die?” Casa approaches the question of Bitcoin inheritance by highlighting three common positions users take currently: either not thinking about the issue at all, choosing to entrust their private key data with a close family member or friend, or using a third-party…

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Blockchain 

Blockchain and DNA-Based Fuel Tracking Solution Launches Commercially

Bunkertrace, a blockchain and DNA-based fuel tracking solution, is using DNA markers to trace bunker fuel oil throughout the supply chain. On Oct. 21, in an article by the American Journal of Transportation, Bunkertrace announced its commercial launch after a successful trial in the Netherlands where the company added DNA markers to bunker fuel oil. The new solution combines synthetic DNA markers and blockchain technology to trace the fuel and make it possible to track any changes made to it. The company then records each transaction in a blockchain-based system…

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Blockchain 

LiquidApps Releases Horizontal Blockchain Scaling Solution

Blockchain development firm LiquidApps has introduced a new blockchain scalability solution for decentralized application (DApps) developers. The new service called vCPU aims to scale blockchain processing power horizontally, which provides more computing power per action than native blockchains, according to a press release shared with Cointelegraph on Oct. 14.  LiquidApps states that vertical blockchain scaling creates a barrier to entry for potential miners and block producers, as it requires the validation of nodes to add more capacity. More power to developers VCPU ostensibly allows developers to access a greater supply…

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Blockchain 

Cere and Celer Networks Team Up to Launch Decentralized CRM Solution

Second layer blockchain scaling platform Celer Network has partnered with customer relationship management (CRM) startup Cere Network to launch a decentralized CRM solution. Low-cost CRM platform for business inclusion According to a press release shared with Cointelegraph on Oct. 7, Cere Network’s capacity will be increased “to provide for the world’s largest enterprises with a low-cost, fast, and accurate CRM platform” as a result of this partnership. Co-founder and CEO of Cere Network Fred Jin added: “Current CRM solutions are facing poor business inclusivity, low employee participation, and mostly require…

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Blockchain 

Scalability on Blockchain: Is There a Solution?

It’s one of the biggest challenges facing blockchain and crypto — a hurdle only the industry can solve. Without a solution, even CEOs from major global exchanges fear that mass adoption will never be achievable. Scalability is the long-running thorn in the side of this fledgling technology, which is still relatively young and has yet to make meaningful inroads into the world’s economy. At a basic level, this relates to whether a blockchain network is capable of providing the same fast, high-quality experience to all of its users — irrespective…

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Blockchain 

Two Firms to Build Blockchain-Based Solution for European Shipping

Vakt, a blockchain-based post-trade platform for commodities, has signed a memorandum of understanding with essDOCS, a firm that develops paperless trade solutions, to put European shipping on the blockchain. As markets and technology-focused outlet Benzinga reported on Sept. 20, Vakt and essDOCS will work on a blockchain-based solution that will allow digitization of post-trade process in Europe’s barge shipping. Digitization of barge shipping data While the parties plan to launch the product in northwest Europe initially, they are hoping to expand further to global markets. A joint statement stated: “Trading…

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