Blockchain
Crown Electric Ships and Boats, Middle East’s First Electric Ship Building Company, Receives Investment Valuing Company at USD $55 Million
Dubai, United Arab Emirates–(Newsfile Corp. – July 6, 2023) – In a significant boost to the sustainable maritime transportation industry, Crown Electric Ships and Boats, UAE’s first electric ship building company, has announced a substantial investment by BLKSIX, a New York City and Miami-based firm focused on global energy, commodity, and special situation investment opportunities.
Investment Meet of Electric Ship Building Company
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BLKSIX’s capital commitment values Crown Ships at an impressive USD $55 million and furthers the company’s position as a global leader and innovator developing cutting-edge electric ships that contribute to a greener future. With its headquarters located in the UAE, Crown Ships has strategically positioned itself at the forefront of the Middle East’s burgeoning maritime industry.
“We are delighted to join forces with Crown Ships and embark on a journey with such an exceptional, trailblazing team,” said BLKSIX. “This next phase of growth will further the company’s innovation and its undisputed leadership role in the emerging green maritime transportation space.”
Mr. Sonu Jayachandran, Chairman of Crown Ships, expressed his gratitude for the partnership and remarked, “We are thrilled to have BLKSIX onboard. This investment not only reinforces our financial strength and research efforts but also validates our company’s bold voyage over the past years and into a greener future – building the world’s best electric ships. This injection of capital will bolster our growth strategy of enhancing our manufacturing facilities, augmenting our research and development teams, and exploring new consumer partnerships.”
With maritime transportation releasing over 1,000 metric tons of CO2 into the atmosphere each year, and numerous research studies indicating that amount could more than double or triple over the next 30 years as nations keep undergoing socio-economic development, Crown Ships finds itself in a prime position to make a lasting impact.
As global demand for eco-friendly transportation options continues to soar, Crown Ships has solidified its position as a pivotal frontrunner to shape the cutting-edge future of electric ships and boats and meet the demands of a rapidly evolving market.
Contact Details:
Name: Moukthika Emani
Email: [email protected]
Location: Dubai, UAE
Company: Crown Electric Ships and Boats
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/172498
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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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