Blockchain
Vanuatu Government Signs Strategic Partnership with Advanced Engineering Group (International) Pte Ltd from Singapore
Singapore City, Singapore–(Newsfile Corp. – June 14, 2023) – The Ministry of Trade and Commerce together with the Ministry of Agriculture, Livestock, Forestry, Fisheries and Bio – Security signed an MOU with Advanced Engineering Group (AEG) on 31 May 2023 in Port Vila, Vanuatu.
The Minister of Trade and Commerce, Honorable Matai Seremaiah encouraged All Parties to ensure that the MOU is supported and implemented by the Ministries and AEG.
The Honorable Minister stated that, The Government through Vanuatu Trade Commissioner to Singapore, Mr Robin Teo, understood the wealth of knowledge, experience, competence and strength that AEG and her Consortium of Partners can bring to the table. “I trust your expertise in the field of Economic Development Zone and the establishment of the International Fisheries Port will bring much needed revenue to the country for the benefits of our people. Therefore, we have extended the invitation for you to come to Vanuatu and by of way of the MoU, we can work in partnership to leverage and maximize on the untapped potential and resources, and to develop services in Vanuatu that can generate revenue for the Republic of Vanuatu.”
To this end, Mr. Leornard Tan, AEG and the Consortium of Partner Leader responded that this Memorandum of Understanding is comprehensive, covering a broad range of initiatives to support Vanuatu’s efforts to expand its external and internal trade, and to attract investors from Southeast Asia and China. The MoU incorporated Vanuatu’s key priorities (as outlined by the government), while also included a variety of business initiatives that are in line with the spirit of the MoU. These initiatives include green energy, agriculture, water and sanitation, imports (into Vanuatu) and exports (from Vanuatu to Southeast Asia and China).
After the signing of the MoU, Mr. Leonard Tan announced that as a first commitment from AEG Consortium to the Republic of Vanuatu, a formal invitation will be extended to both Ministers to visit China and Singapore later this year. In the mission, AEG Consortium will showcase a suite of successfully completed projects in partnership with other governments. The mission will also serve to enhance mutual commitments to concrete projects.
Company: Advanced Engineering Group (International) Pte Ltd
Name: McKinley Toh
Email: [email protected]
Website: https://aegintl.weebly.com/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/169416
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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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