Blockchain
SpaceChain opens operation in the United Kingdom to explore opportunities in Europe’s commercial space ecosystem
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Singapore-based SpaceChain has expanded its operations to the United Kingdom to leverage Europe’s advanced space technologies and to drive economic development through SpaceChain’s satellite infrastructure and blockchain technology.
SpaceChain UK Limited will be based in Harwell, Oxfordshire at the Satellite Applications Catapult (SAC), an independent innovation and technology company created by Innovate UK.
To kick off its new business venture, SpaceChain collaborated with SAC to host a workshop that explored the benefits of blockchain technologies and its applications for the commercial space industry. Attended by more than 60 professionals from all over the UK, the workshop introduced the potential of a community-based space platform.
“Last year, I travelled to the UK about six to seven times. During those visits, I met a lot of potential partners from various UK-based space companies and learned more about the ecosystem there. From tracking satellites to building new rockets, the UK has played a vital role in the development of the space industry and we see more opportunities on the horizon,” said Zee Zheng, Chief Executive Officer and co-founder of SpaceChain.
SpaceChain has already partnered with several UK-based companies, including: Open Cosmos, a microsatellite platform designed to manage the process of bringing satellite services to businesses; NanoAvionics, a nanosatellite mission integrator that delivers new generation satellite buses and propulsion systems; and Alba Orbital, a pioneer in the development of PocketQube satellites.
Heading the new UK office as Director is SpaceChain’s Chief Commercial Officer Nick Trudgen. A native of the UK, Trudgen speaks fluent Mandarin and specializes in UK-China trade and investment, with a focus on space, satellite, and telecommunications.
“We are very excited to explore the UK space ecosystem and bring the next generation of institutional grade blockchain services to existing and future satellite infrastructure. We have also received positive feedback from the entities we have met and we’re looking forward to working more closely with our partners in the UK,” said Trudgen.
SOURCE SpaceChain
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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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