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
Blockchain
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Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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