Blockchain
World Resource Organization to launch all-inclusive blockchain ecosystem in May
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To date, no company or organization has developed an infrastructure that fully encompasses the main facets of blockchain technology, namely: scalability, security, and decentralization. Coming May 2019, the World Resource Organization (WRO), funded by OCEANPEC (Singapore), will launch an all-inclusive blockchain ecosystem that is backed by three main pillars: 1) Finance, 2) Resources and 3) High-tech services. This ecosystem aims to accelerate the use of blockchain technology in real-life scenarios, as well as break down barriers between traditional and new economies.
In the finance industry, there are banks, payment companies and supply-chain firms providing services such as cross-border remittances, credit reporting, and letters of guarantee. Blockchain technology will enable financial transfers to be faster, traceable, and with lower transaction costs. The resource industry consists of the likes of logistics companies and raw material procurement departments. Services in this sector include electronic evidence, supply chain management, as well as goods traceability and authentication. Examples of data that can be transmitted through blockchain technology transparently, quickly and securely are: invoices, purchase records, and bills of lading. As for the technology sector, it is made up of network providers, cloud computing service companies, telcommunications operators and more.
The Resource Token (RT token) will help the World Resource Organization to facilitate fee payments and data transfers. RT tokens will be used as the primary means of fee payment, such as service fees for technical services, communication services, Internet services, patent-licensing, and cloud computing services. Enterprises in the WRO ecosystem will provide financial, resource and high-tech services for RT token holders.
WRO has established a global network of partnerships and local offices to support its activities. OCEANPEC (Singapore) has inked agreements with the Abu Dhabi National Oil Company (ADNOC) and Cuallix Bank. ADNOC is the largest crude oil company in the United Arab Emirates, with monthly crude oil output of 100 million barrels. Based in the United States, Cuallix Bank has partnerships with 172 counties and regions, as well as SWIFT, MasterCard and UnionPay. Cuallix Bank is also the first financial services organization to collaborate with Ripple (XRP).
RT resources has 10 local offices working on natural gas, crude oil, precious metals and gemstones in Mainland China, Singapore, Hong Kong, Mongolia, South Korea, United States (Houston), North America (Mexico), Middle East (Abu Dhabi), Australia (Darwin), and Switzerland.
World Resource Organization is helmed by a team of highly-qualified professionals with years of experience in the financial, energy, trade, commodities, and legal sectors. Chairman Louis Li, who also chairs OCEANPEC (Singapore), is influential in the energy and minerals industry, having presided over the construction and operation of many refining and chemical projects. Under him are: CEO JJ Chen of ZHENGRONG Energy Korea, Feng Quan, Mendy Liu, Michelle Park, Andy Jin, Franke McQuilkin and Tetsuya Nagaoka. The WRO is also backed by a strong team of advisors from across the globe to provide insights and give direction to the project.
The WRO was established with lofty ambitions to encompass scalability, security and decentralization in blockchain technology. By leveraging on their financial, resource and technological advantages, they believe that they can build an all-in-one ecosystem to provide services to users and investors globally. Through constant development and optimization, they believe that everybody can enjoy the benefits of blockchain technology across various industries.
SOURCE World Resource Organization
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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