Blockchain
EY helps Block2 build a blockchain-based solution for small and medium businesses to manage supply and demand across trade industries
Block2, an Australian start-up focused on peer-to-peer resource management, has selected EY to provide software and services to build their newly released 2Mota solution, a blockchain-based peer-to-peer marketplace to help Small to Medium Enterprises (SMEs) manage their supply chains more efficiently.
EY’s OpsChain Tesseract with pre-configured, native blockchain functionality was leveraged by Block2 to build 2Mota, a blockchain-based peer-to-peer marketplace customized for the motor trades industry in Australia. The 2Mota solution has both B2C and B2B functions that (i) introduce and manage new customers, and (ii) facilitate the optimization of employees, equipment and workspaces for better profitability. It will also provide workers and independent contractors more control over their careers within the industry.
Specifically, Block2’s 2Mota solution allows car owners to book services for their vehicles directly or post repair requests so that local motor trade businesses can bid for the work. The car owner then selects the best quote based on criteria, such as; price, location, availability, staff quality and business references. 2Mota also allows local businesses to book and rent resources from each other to fill excess demand and/or provide an additional source of revenue in a situation where they have excess capacity. The solution further allows workers take charge of their own careers, manage their work history/qualifications and to move seamlessly between businesses to gain skills and experience.
At the industry level, 2Mota’s peer-to-peer marketplace improves the use of compatible resources across an industry where peaks and troughs in demand create difficulties for SMEs. Block2 hopes that its solution will result is a more robust motor trades industry that is better prepared to evolve with the new digital economy. Over time Block2 plans to expand into additional industries to manage and share resources, allocate and trade assets, and tap into a mobile workforce, all on a single marketplace.
Paul Brody, EY Global Blockchain Leader, says:
“As blockchain technology continues to evolve around the world, we are able to find new ways to improve efficiency and limit unnecessary losses. The use of a blockchain-based peer-to-peer marketplace is an efficient means of introducing elasticity into sectors where traditional fixed ownership presents barrier to profitability. Block2’s marketplace will allow companies, particularly SMEs, to optimize resources and make best use of the human capital available to them. EY OpsChain Tesseract will allow Block2 to leverage the current trend of ‘using’ assets, rather than owning them – much the way the hospitality industry is doing today.”
Eden Spencer, Founder and CEO, Block2, says:
“Small and medium sized businesses, like automotive repair companies, must manage demand to ensure success in an increasingly competitive environment. Block2’s peer-to-peer marketplace addresses challenges in Australia’s automotive repair industry, whereby the lack of supply and demand management is impacting business productivity, investment planning and growth.”
SOURCE EY
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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