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NEO Global Development invests and partners with Liquefy to develop a security token ecosystem

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Liquefy announced today that NEO Global Development (NGD) will invest in and partner with Liquefy, to develop an NEO based security token ecosystem and allow asset owners to issue security tokens based on NEO.

NEO is a leading protocol that utilizes blockchain technology and digital identities to tokenize assets and automate the management of tokenize assets using smart contracts. The recent update to NEO 3.0 allows it to scale and build a fully-integrated tokenized economy.

“It is important to develop a security token standard while the industry is still in its infancy. What separates NEO apart from other public blockchain protocols is the integration of NeoID, which allows KYC, AML and accreditation status to be stored on-chain while maintaining privacy. This allows issuers to monitor and maintain records of all transactions in the secondary market to remain compliant in multiple jurisdictions,” Adrian Lai, CEO of Liquefy. “We are excited to welcome NGD as an investor and a partner to develop a security token ecosystem together and bring innovation to the financial market.”

The Liquefy Platform will support NEO which will allow NEO stakeholders to gain access to the security token universe. The current process of transferring private securities is fragmented, cumbersome and expensive since KYC information of investors are siloed across multiple intermediaries and compliance is a manual process. Liquefy is solving a critical pain point in the market by providing an end to end solution from issuance, managing compliance across multiple jurisdictions to investor management services.

The investment and partnership with Liquefy have cemented NEO’s commitment to develop the security token industry. Earlier this year, NEO had formed the Digital Asset Alliance (DAA) to explore, develop and share insights about the security tokens sector with a consortium of industry leaders such as Republic, Globacap, DLx and Liquefy.

 

SOURCE Liquefy Limited

Blockchain

Decentralized science can be the next big thing for blockchain utilization

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Decentralized science leverages blockchain’s decentralized ledger technology to address common challenges faced by researchers, including data integrity, reproducibility, and collaboration. By recording scientific data and research findings on a tamper-proof blockchain, researchers can ensure the integrity and authenticity of their work, reducing the risk of data manipulation or fraud.

Moreover, blockchain enables transparent and traceable peer review processes, allowing researchers to validate and verify each other’s work more effectively. This enhances the credibility and reliability of scientific publications, fostering trust within the scientific community and among the general public.

Blockchain-based platforms also facilitate greater collaboration and knowledge sharing among researchers, breaking down traditional barriers to access and enabling interdisciplinary collaboration. Through decentralized science platforms, researchers can securely share data, resources, and expertise, accelerating the pace of scientific discovery and innovation.

Despite its potential benefits, decentralized science still faces challenges, including regulatory uncertainties, technological barriers, and resistance to change within the scientific community. However, as blockchain technology continues to evolve and gain acceptance, decentralized science is poised to emerge as a transformative force in scientific research and collaboration.

Source: cointelegraph.com

The post Decentralized science can be the next big thing for blockchain utilization appeared first on HIPTHER Alerts.

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Blockchain

How blockchain-based voting can restore trust in the electoral process

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In this article we’re discussing the potential of blockchain-based voting systems to rebuild trust in electoral processes. These systems leverage blockchain technology’s transparency and immutability to address concerns surrounding election integrity and voter fraud.

Blockchain-based voting solutions offer several advantages over traditional methods, including increased transparency, security, and accessibility. By recording votes on a decentralized ledger, blockchain ensures that each vote is securely stored and tamper-proof, reducing the risk of manipulation or fraud.

Moreover, blockchain-based voting systems can enhance voter participation by providing greater accessibility to remote and disenfranchised populations. Through secure digital platforms, voters can cast their ballots from anywhere, reducing barriers to participation and promoting inclusivity.

Despite the potential benefits, the adoption of blockchain-based voting systems faces challenges, including regulatory hurdles and technological limitations. Governments and electoral authorities must navigate these obstacles to implement effective and trustworthy voting solutions.

Overall, the article highlights the transformative potential of blockchain technology in restoring trust and integrity to electoral processes. By embracing innovative voting systems built on blockchain, societies can uphold democratic principles and ensure fair and transparent elections.

Source: tradingview.com

The post How blockchain-based voting can restore trust in the electoral process appeared first on HIPTHER Alerts.

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Blockchain

Binance Integrates USD Coin (USDC) on CELO Network

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Binance has announced the integration of USD Coin (USDC) onto the Celo network, marking a significant step forward in expanding the utility and accessibility of USDC within the cryptocurrency ecosystem.

This integration enables users to seamlessly transfer USDC tokens across the Celo network, leveraging its high-speed and low-cost transactions. By integrating USDC on Celo, Binance aims to enhance the interoperability and accessibility of USDC, making it easier for users to engage with decentralized finance (DeFi) applications and access financial services on the Celo network.

USDC is a stablecoin pegged to the US dollar, offering users a reliable and transparent means of transacting value on the blockchain. With its integration on the Celo network, USDC gains access to Celo’s ecosystem of decentralized applications (DApps) and services, further expanding its utility and adoption.

The collaboration between Binance, USDC, and Celo underscores the growing importance of interoperability and cross-chain compatibility within the cryptocurrency space. By leveraging the strengths of each network, users can benefit from enhanced liquidity, accessibility, and functionality when using USDC on the Celo network.

Overall, the integration of USDC on the Celo network represents a significant milestone in advancing the capabilities of stablecoins and decentralized finance, providing users with greater flexibility and choice in managing their digital assets.

Source: blockchain.news

The post Binance Integrates USD Coin (USDC) on CELO Network appeared first on HIPTHER Alerts.

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