Blockchain
#dltledgers executes First ever Digital Avalisation on blockchain for IFFCO with Standard Chartered.

IFFCO Singapore Pte Ltd (ISPL), regional arm of the IFFCO Group based in UAE has announced the launch of its new and innovative enterprise grade blockchain platform in collaboration with #dltledgers, an award winning blockchain platform developer based in Singapore. ISPL today reported completion of its first live end-to-end trade in blockchain, moving cross border goods on Palm Oil and its extracts, which is USD100Mn worth of business annually for IFFCO Group from Malaysia/Indonesia to the Middle east. ISPL has pioneered the digital flow running an end to end blockchain trade finance transaction using Invoice Financing on the Buy Side and Digital Avalisation for Document against Acceptance (DA) on the Sell side of the trade in the live production platform of #dltledgers. The digital endorsement of the Bill of Exchange by Buyer Bank is the first of its kind in a live blockchain environment proving the dynamic consensus mechanism using blockchain as a powerful feature- functionality that banks will adopt in the future to ensure authenticity and security in trade finance transactions.
The end to end fully digitised trade execution and trade finance transaction, involving both import and export processes and multiple parties was executed in 3 hours as against a 10-day paper process otherwise in a seamless flow with digital connectivity on #dltledgers blockchain platform. ISPL could execute multiple transactions in a day via the #dltledgers blockchain platform improving their process efficiency and realised margins in dollar value terms.
“This move to a digital system based on #dltledgers blockchain is part of our business strategy to enter the digital space to leverage on innovative emerging technologies involving smart contracts, smart documentation and digital consensus in blockchain, we are able to access earlier financing from bank as the documentation flow is much closer to real-time,” says P R Thakore, CEO, IFFCO Singapore (ISPL).
“The real value lies in potentially having more transactions and having real reduction in our financing costs by at least 20-25% by using #dltledgers blockchain technology. We have taken a phased approach and have seen a reduction in cycle time from 10 days to 2 days, saving of 8 days in the end to end execution process via #dltledgers platform which is humungous,” says Anupam Basak, Head–Regional Finance, IFFCO Singapore (ISPL).
Samuel Mathew, MD, Global head of documentary Trade, Trade digitisation and Chief Product Owner Trade Platform Transformation in Singapore said, “Standard Chartered is a key player in the digital transformation space. We are seeing a strong adoption by Corporate clients like ISPL for #dltledgers blockchain platform for cross-border trade. We are excited to be part of the execution of World’s first Digital Avalisation on Blockchain. Being part of this digital space has helped banks with more visibility into the customers operations, increasing transparency of the trade. This will surely reduce fraud and related risk and build cross border interconnectivity helping bank to move away from paper-based manual complex transactions involving multiple buys and sell into a seamless, more secure and efficient flow.”
In one of the many ISPL transaction executed on the platform it had 50 plus documents and 8 Bill of Ladings (BLs). Such complex transactions involving multi parties involves a lot of paper-intensive manual activities which are now streamlined on the #dltledgers blockchain platform. Digitisation of all parties and a secure repository of digital documents which are in a trade life cycle are of immense value for trading houses and companies involved in huge turnovers and experience higher trade volumes. The digitalisation of the post trade execution reduces cycle times, allowing fulfilment of more orders. The various transaction by ISPL on the #dltledgers blockchain platform involved multiple parties in different geographies – Singapore, Indonesia, Malaysia, South Korea and UAE. ISPL has created a private network on blockchain of their 100 plus existing suppliers in South East Asia Region, multiple banks, Logistics and Insurance companies generating a truly blockchain experience.
#dltledgers blockchain platform provides ISPL with end-to-end trade visibility across the entire life cycle of post trade execution with authenticated and consented digitized documents at every step of the trade execution with multiple ecosystem partners. With the deployment of ISPL’s private network powered by #dltledgers, ISPL has become the first enterprise to do a digital end-to-end trade finance digitisation with digital avalisation of Document Against Acceptance (DA) enabling “Aval Bank” digital authentication and digital endorsement using #dltledgers blockchain platform improving efficiencies and access to faster cash in digital cross-border trade.
“This journey is undertaken with the objective of not just process efficiency, ISPL has a strategic objective of ensuring that all company produces are sourced sustainability and develop a virtual registry of provenance with trajectory of product blockchained for a fool-proof system to track n trace goods. ISPL believes that this will open up new revenue streams and multi-fold business benefits that may not even be envisaged at present within the industry,” adds Anupam Basak, Head-Regional Finance.
As trades intertwine and evolve, demands for a networked and collaborative model will intensify. Not only do transactions need to be seamless and safe, clients are increasingly looking for innovative solutions that save them time and costs.
“#dltledgers platform capabilities (dynamic consensus engine, digital assets engine, control trigger table, trade execution engine, network collaboration, digital trade documents engine, digital file cabinet, financial institution integration engine, Integrated API layer, digital identity engine, BC Link integration w ERP layer) will add strengths to digital leadership and create their private multi party network with unique nodal architecture, reliant on the easy availability and robustness of financing mechanisms. Considering that trade finance is widely viewed as the fuel for global commerce, it’s easy to see why customer centric blockchain platforms like ours is dominating conversations in the trade finance world. We will continue to grow and expand,” says Samir Neji, CEO, #dltledgers.
“#dltledgers is a blockchain platform that has been built from the point of view of a Trader/Trading house. The adoption of production live blockchain based solutions like #dltledgers, which is on Hyperledger fabric is recording strong growth this year and we believe that customers like ISPL has started seeing the immense value add in using #dltledgers blockchain platform. We will continue to penetrate the market with our offerings and expanding into new markets. We are opening our office in UAE and this is part of our deliberate strategy to enter where the Trader/Trading houses needs such Blockchain based Solution to grow and prosper their business by creating Trust and authenticity in the value chain,” added Samir Neji, CEO, #dltledgers.
SOURCE dltledgers
Blockchain
Blocks & Headlines: Today in Blockchain – May 16, 2025

A Pivotal Moment for Blockchain’s Many Frontiers
Today’s briefing arrives at a crossroads in blockchain’s evolution. From AI-driven Layer-1 grant programs to gamified resets in Web3, from supply-chain trust revolutions to exchange-driven token incentives, and high-stakes regulatory leadership shifts, the industry is charting new territory on multiple fronts. As builders, investors, and policymakers navigate this shifting terrain, five stories stand out for their potential to reshape blockchain’s trajectory:
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Lightchain Protocol AI unveils a $150,000 developer grant program to onboard top builders in AI × blockchain.
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Blockchain gaming experiences its lowest engagement of 2025, signaling a sector reset toward sustainability.
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Norwegian Seafood Council research highlights blockchain’s trust-building power in global supply chains.
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MEXC Exchange announces the Einstein (EIN) listing on July 20, 2025, buoyed by a $50 million rewards event.
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Summer Mersinger, a US CFTC commissioner, is tapped as CEO of the Blockchain Association, marking a pivotal regulatory turn.
In this op-ed–style briefing, we’ll unpack each development, explore its implications for blockchain, cryptocurrency, Web3, DeFi, and NFTs, and assess how these narratives intersect to define today’s momentum.
1. Lightchain Protocol AI’s $150K Grant: Catalyzing Decentralized Intelligence
What happened: On May 15, 2025, Lightchain Protocol AI—a Layer-1 blockchain optimized for AI workloads—launched its Developer Grant & Ecosystem Incentive Program, pledging up to $150,000 in total funding to on-board teams building dApps, explorers, wallets, analytics dashboards, DeFi protocols, NFT platforms, and AI-powered modules on its network. Grants are milestone-based (up to $5,000 per milestone), accompanied by technical support, co-marketing, and ecosystem visibility. Source: Bitcoin News
Why it matters: Lightchain’s move underscores the growing fusion of AI and blockchain. By allocating resources to builders at the intersection of these technologies, the protocol signals that the next wave of innovation will hinge on intelligent smart contracts, federated learning coordination, and on-chain decision-making. For developers, this grant lowers barriers to entry and emphasizes sustainable, value-driven growth over token speculation.
> “We’re seeking impactful projects that align with Lightchain AI’s goal of bridging AI and blockchain—everything from AI prediction markets to compute marketplaces.” > — Lightchain Protocol AI Core Team
Implications:
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DeFi & NFTs: Expect AI-augmented lending protocols and NFT platforms with dynamic metadata driven by on-chain models.
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Ecosystem Growth: Lightchain’s aggressive grant strategy may spur competitors (e.g., Ethereum layer-2s) to bolster their own builder incentives.
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Governance & Sustainability: The milestone-based approach aligns funding with tangible progress, a model DeFi DAOs may increasingly adopt for resource allocation.
Source: Bitcoin News
2. Blockchain Gaming’s 2025 Low: A “Reset” Toward Quality
What happened: According to Crypto.news, blockchain gaming saw daily active wallets dip to 4.8 million in April 2025—a 10% month-over-month decline and the lowest point of the year for Web3 gaming. Share of the DApp ecosystem for gaming fell to 21%, now tied with DeFi, while AI projects surged to 16% of on-chain activity. Funding also plunged nearly 70% from March to $21 million in April, though Arbitrum Gaming Ventures deployed $10 million from its $200 million fund to support titles like Wildcard, XAI Network, and Proof of Play. Source: Crypto.news
> “Capital is harder to secure, but that’s not necessarily bad. Weak projects are falling away, and funds are flowing into builders laying the groundwork for the next generation of blockchain games.” > — Sara Gherghelas, DappRadar Analyst
Why it matters: The downturn reflects a market recalibration from token-centric models toward user engagement, game mechanics, and interoperability—key for mainstream adoption. High-profile missteps (e.g., Square Enix shelving Symbiogenesis, Sega’s experimental launch of KAI: Battle of Three Kingdoms) contrast with enduring partnerships like Ubisoft + Immutable’s Might & Magic card game.
Implications:
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DeFi and Gaming Convergence: As DeFi’s share remains steady, expect crossover innovations (e.g., on-chain staking integrated into gameplay).
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Investor Focus: Sustainable tokenomics over ‘yin-yang’ hype; capital will favor projects with robust retention metrics and revenue models.
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NFT Utility: Gaming’s reset may accelerate evolution of NFTs beyond collectibles into dynamic, utility-driven assets.
Source: Crypto.news
3. Deepening Trust in Seafood with Blockchain Transparency
What happened: Perishable News reported on May 15, 2025, that the Norwegian Seafood Council found 89% of consumers desire more information on seafood sourcing. Producers are piloting decentralized blockchain solutions to trace products “sea to shop floor,” sharing immutable data on species, harvest location, handling, and quality checks to reassure ethically conscious buyers. Source: Perishable News
Why it matters: While most blockchain discourse orbits finance and gaming, supply-chain applications represent a mass-market use case for Web3. Immutable provenance data combats fraud, illegal fishing, and mislabelling—an urgent concern as global seafood consumption climbs.
Implications:
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Consumer Engagement: Brands adopting on-chain traceability can premium-price products by verifying sustainability standards, fair labor practices, and environmental impact.
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DeFi Integration: Tokenized incentives could reward ethical producers or create staking mechanisms for supply-chain stakeholders.
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Broader Web3 Adoption: Success in seafood may catalyze blockchain tracking in agriculture, pharmaceuticals, and luxury goods.
Source: Perishable News
4. MEXC’s Einstein (EIN) Listing & $50 Million Rewards Event
What happened: PR Newswire announced on May 16, 2025, that MEXC, a leading global crypto exchange, will list the Einstein (EIN) token on July 20, 2025 (UTC). To celebrate, MEXC has launched a $50 million EIN rewards event, offering incentives through trading competitions, referral bonuses, staking pools, and community tasks. Source: PR Newswire
Why it matters: Large-scale rewards events can drive short-term volume spikes and social engagement, but they also test community loyalty and tokenomics viability. EIN’s positioning as a “science-minded” utility token in educational and research partnerships adds thematic depth to what might otherwise be a routine exchange listing.
Implications:
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Trading & Community Growth: Expect surges in trading volume, potentially setting new ATHs for MEXC’s platform metrics.
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DeFi Crossplay: EIN holders may see integration into DeFi protocols for governance, liquidity mining, and educational grants.
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Regulatory Watch: Large-scale token events continue to attract scrutiny over securities classifications and promotional compliance.
Source: PR Newswire
5. Summer Mersinger Becomes CEO of the Blockchain Association
What happened: Gadgets360 reported that on May 14, 2025, the Blockchain Association confirmed that Summer Mersinger, currently a commissioner at the US Commodity Futures Trading Commission (CFTC), will step down on May 30 and begin as the Association’s CEO on June 2. Mersinger has championed balanced, consumer-focused digital asset rules and will spearhead advocacy for fit-for-purpose legislation alongside US regulators. Source: Gadgets360
> “Summer’s knowledge of how elected officials think through complex questions will be vital as we await next steps on stablecoin and market structure bills.” > — Blockchain Association
Why it matters: The appointment bridges regulatory expertise and industry advocacy at a moment when Congress is eyeing stablecoin frameworks and broader crypto oversight. Mersinger’s shift signals a blurring of lines between government and industry, with potential to accelerate law-making and foster public-private collaboration.
Implications:
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Policy Acceleration: Expect renewed momentum on stablecoin legislation, DeFi disclosures, and market-structure rules by August 2025, per administration timelines.
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Industry Confidence: Firms may feel emboldened to innovate under clearer regulatory signals, supporting growth in DeFi, NFT marketplaces, and tokenized asset offerings.
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Global Alignment: US-led regulatory frameworks often influence EU and APAC regimes—this leadership change could ripple through the international policy landscape.
Source: Gadgets360
Conclusion: Five Threads Weaving Tomorrow’s Blockchain Fabric
Today’s headlines paint a multifaceted portrait of blockchain’s ongoing maturation:
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Ecosystem Incentives: Grant programs like Lightchain’s signal a builder-first ethos, turbocharging AI × blockchain synergy.
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Quality Over Hype: Gaming’s dip reflects a necessary market reset, steering capital to sustainable, engagement-driven projects.
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Real-World Utility: Supply-chain transparency demonstrates blockchain’s power beyond finance, enhancing consumer trust.
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Tokenomics in Motion: Exchange listings and rewards events underscore the ever-evolving interplay between liquidity, community, and utility.
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Regulatory Convergence: Leadership moves like Mersinger’s appointment highlight the tightening feedback loop between policymakers and the Web3 sector.
As blockchain, cryptocurrency, Web3, DeFi, and NFTs continue to intersect, today’s developments underscore a pivotal shift: the industry is moving from speculative frontiers to pragmatic, real-world applications—backed by funding, governance, and policy frameworks that prioritize longevity and trust. Keep these threads in mind as we watch the next chapters unfold.
The post Blocks & Headlines: Today in Blockchain – May 16, 2025 appeared first on News, Events, Advertising Options.
Blockchain
Saudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services – Competition, Forecast & Opportunities to 2030

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