Blockchain
Intrakat Chosen As Key Contractor For Multi-Billion Ellinikon Project In Greece’s Largest Urban Regeneration Initiative
London, United Kingdom–(Newsfile Corp. – April 7, 2023) – Intrakat Group, a leading firm in Greece’s construction sector is providing consulting services and expertise to Lamda Development, the lead developer and member of the consortium responsible for the multi-billion Ellinikon project’s initiative: The Riviera Tower.
Intrakat Chosen As Key Contractor For Multi-Billion Ellinikon Project
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The Ellinikon Project, the largest urban regeneration project in Greece being built on the southern coast of Athens by Lamda Development, a Greek real estate company, is a crucial part of the Greece 2.0 strategy, which aims to encourage sustainable economic growth and draw in foreign capital. As part of the Ellinikon project, Lamda Development, a member of the consortium of Bouygues Batiment International,is developing the luxurious Riviera Tower, which will be one of the tallest and most prestigious residential towers in Greece. The 50-floor tower, set to be the tallest green beachfront high-rise building in the Mediterranean, will feature high-end apartments and luxury amenities, including a swimming pool, fitness center, and spa. The tower’s location on the Athens Riviera will offer residents stunning views of the Aegean Sea and easy access to beaches, restaurants, and cultural attractions.
The Ellinikon project is anticipated to be one of the biggest urban regeneration initiatives in Europe, which will boost the economy of Greece, generate jobs, attract tourists and capital, and generate billions of euros in investment. With infrastructure development being one of the key areas of emphasis, Greece experienced a construction boom as a result of the Recovery and Resilience Facility (RRF)-funded Greece 2.0 plan, which has been crucial in promoting economic recovery and resilience in Greece.
Intrakat Group, one of Greece’s leading construction firms, has been assigned a major consulting position on the Ellinikon project, which has an estimated €8 billion in funding. Intrakat Group handles complex, large-scale construction projects both in Greece and abroad. Being one of the contractors on the Ellinikon project, Intrakat contributes significantly to its success and growth. Intrakat’s participation is crucial to guaranteeing the timely and excellent completion of the project.
The Ellinikon project of the Riviera Tower is aligned with the goals of the Greece 2.0 plan, which is aimed at promoting sustainable and inclusive economic growth in Greece. The Ellinikon project of the Riviera Tower is designed to be a sustainable and environmentally friendly development that promotes green growth. The project includes several features and initiatives that reflect this commitment such as energy efficiency, Sustainable transportation, Green spaces, Water conservation, and Sustainable building materials.
Contact name: Angela White
Address 1: Mayfair
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Email: [email protected]
City: London
Country: United Kingdom
Website Url: https://www.mediaimpact.io/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/161695
Blockchain
BOX-GameFi Innovation in Entertainment: Integration of Blockchain Technology and Monopoly
Blockchain
DTCC partners with Chainlink and JPMorgan to pilot blockchain integration for fund data
As headlines spotlight spot Bitcoin (BTC) exchange-traded fund (ETF) flows and institutions revealing their exposure to BTC ETFs, financial service infrastructure providers are quietly integrating blockchain technology into their systems.
According to a recent report from the Depository Trust & Clearing Corporation (DTCC), the firm conducted a pilot program named Smart NAV in collaboration with Chainlink (LINK). This initiative aimed to extend the capabilities of DTCC’s Mutual Fund Profile Service I (MFPS I), the industry standard for transmitting ‘Price and Rate’ data, also known as ‘NAV data.’
DTCC’s Mutual Fund Services business currently operates MFPS I, offering fund companies an automated solution to deliver prices and daily distribution rates to numerous clients for tens of thousands of mutual fund securities. Traditionally, DTCC collects price and rate data from funds/service providers and distributors, then aggregates and disseminates it at regular intervals through its message queue (MQ) and file-based methods.
The Smart NAV Pilot served as a digital extension of the existing MFPS I service, aiming to broaden and complement its current capabilities. DTCC recognized the growing interest in mutual fund tokenization and saw an opportunity for on-chain price and rate data to facilitate new initiatives. Taking a ‘chain-agnostic’ approach, meaning the ability to disseminate NAV data across virtually any blockchain, was crucial for enabling other use cases to build upon Smart NAV’s foundations.
Ten market participants, including major names like American Century Investments, BNY Mellon, and JP Morgan, collaborated with DTCC and Chainlink on the pilot. They evaluated the feasibility and industry value of implementing a distributed ledger technology (DLT)-based price and rate dissemination solution to unlock new benefits and support experimentation in the asset management space.
The pilot results demonstrated that delivering structured data on-chain and establishing standard roles and processes enabled foundational data to be integrated into various on-chain use cases, such as tokenized funds and bulk consumer smart contracts. This capability can fuel future industry exploration and empower numerous downstream use cases, including brokerage portfolio applications.
The simplest application of Smart NAV is to provide trusted, verifiable data on virtually any blockchain network to support its use in business workflows. During the pilot, DTCC acted as both the provider and governor of the on-chain data solution, while Chainlink’s CCIP served as the interoperability layer. The core capability explored is adaptable across a wide range of use cases, potentially enhancing operational efficiency and streamlining processes.
Based on the positive findings, DTCC sees an opportunity to expand the scope of the pilot to explore broader use cases beyond price and rate data dissemination and across more blockchains.
Source: kitco.com
The post DTCC partners with Chainlink and JPMorgan to pilot blockchain integration for fund data appeared first on HIPTHER Alerts.
Blockchain
Is Donald Trump’s Recent Crypto-Friendly Stance Genuine Or Opportunistic? Experts Weigh In
Presidential candidate Donald Trump recently made a surprising endorsement of crypto, suggesting that he would ease hostility towards cryptocurrencies in the US if re-elected.
Trump stated, “If we’re going to embrace it, we have to let them be,” and urged crypto supporters to vote for him. This marks a significant shift from his previous criticisms of Bitcoin and other cryptocurrencies in 2019, where he labeled them as “not money” due to their volatility and lack of intrinsic value, expressing concerns about their potential use in illegal activities like drug trafficking.
Crypto’s Impact on Voter Preferences
With approximately 20% of American adults reportedly holding crypto, candidates are taking notice. Markus Levin of XYO Network sees embracing crypto and implementing solid regulation as a strategic move in elections and sound policy overall. He believes Trump’s apparent positive stance towards the industry will sway some voters in his favor.
Jonathan Thomas of Blueberry suggests that Trump’s crypto-friendly rhetoric may attract voters who prioritize crypto as a single-issue matter.
Skepticism Surrounding Trump’s Crypto Support
However, not everyone is convinced by Trump’s newfound endorsement of crypto. NFT enthusiast Thorne Melcher views it as “flimsy” and warns against the potential for conservative politics to restrict crypto due to its use in areas such as trans hormone replacement therapy and abortions.
While some may see Trump’s support for crypto as a reason to vote for him, others like Stephanie Vaughan of Veda caution against assuming substantial benefits from this endorsement alone. Vaughan highlights the Biden Administration’s hardline stance on crypto regulation by enforcement, which she believes is unworkable and could push voters towards Trump.
Trump’s Strategy to Attract Crypto Voters
Trump’s pivot from crypto skeptic to NFT enthusiast reflects a strategic move to appeal to voters interested in crypto. Vaughan suggests that many crypto-focused voters may have supported Biden in the last election, but Trump is actively courting them by recognizing the industry’s significance.
By acknowledging crypto’s growing influence on voters, Trump aims to draw support away from Biden, positioning himself as the candidate more aligned with the interests of the crypto community.
Source: cryptonews.com
The post Is Donald Trump’s Recent Crypto-Friendly Stance Genuine Or Opportunistic? Experts Weigh In appeared first on HIPTHER Alerts.
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