Blockchain
nChain Enters Into IP Licensing Agreement With TAAL for Blockchain-Related Patents
London, United Kingdom–(Newsfile Corp. – April 24, 2020) – nChain, the leader in enterprise-grade public blockchain solutions, today announces the signing of a licensing agreement with TAAL Distributed Information Technologies Inc. (CSE: TAAL) (FWB: 9SQ1) (OTCQB: SQRMF) (“TAAL“) for the use of key elements of nChain’s IP patent portfolio (the “IP Licensing Agreement”).
Under the IP Licensing Agreement, TAAL will have non-exclusive access and rights over 10 years to develop advanced blockchain transactional systems on top of nChain’s existing and future patent portfolio in the areas of specialised blockchain transactions, handling, processing, storage, retrieval and display.
Pursuant to the IP Licensing Agreement, TAAL will pay nChain USD $1 million in fees over the first year of the agreement.
TAAL CEO Jerry Chan said, “We see nChain’s expanding portfolio as an invaluable resource for developing new products and expanding the use of blockchain infrastructure, transaction processing and chain-driven cloud computing to deliver innovation in traditional markets. This agreement will fuel our strategic objectives and open the door for TAAL to work even closer with nChain. At TAAL, our aim is to better serve the growing demand for high-volume transaction systems on chain, and access to nChain’s extensive patent library will give us an undeniable competitive advantage.”
nChain, which includes a pioneering blockchain research and development centre in the U.K., focuses on harnessing the inherent scalability of the original Satoshi Nakamoto Bitcoin protocol, Bitcoin SV. Since the so-called Genesis upgrade in February of this year, Bitcoin SV has witnessed record-high interest, especially from firms that demand higher transactions volumes than competing blockchains can provide.
Of the agreement, nChain CEO David Washburn noted, “Originally, TAAL was interested in licensing a few key pieces of nChain IP. However, as the team at TAAL spent more time with the nChain research department, the licensing scope continued to grow. In the end, we penned a deal that is not only mutually beneficially for TAAL and nChain but will also help progress the entire industry: a broad and flexible license to a whole suite of tools and techniques that TAAL can leverage to deliver the scalable blockchain solutions that enterprises around the world are demanding today. On behalf of my team, I can say that we are truly excited about what’s to come. Our team does groundbreaking research, but nothing thrills them more than seeing those ideas put into action.”
In addition to an expansive portfolio of patents, nChain has further enhanced its leadership position in blockchain development through a recently completed acquisition of CREA, a blockchain development firm from Slovenia. This moves further cements nChain’s role as a powerhouse of blockchain development and solutions.
About nChain
nChain is the world’s leading provider of enterprise-grade blockchain solutions, helping businesses and organizations realize and protect the value of their data. nChain boasts the largest team of blockchain developers globally and a leading portfolio of novel blockchain IP. nChain is committed to helping clients maintain competitive advantage in business through more efficient management of data.
About TAAL Distributed Information Technologies Inc.
TAAL Distributed Information Technologies Inc. (CSE:TAAL) delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise users.
Press Contact: Alex Paquin, [email protected]
Related Links
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54839
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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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