Blockchain
Hyperledger Announces Eight New Members, Host of Project Updates
Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, announced the latest line-up of new members to join its enterprise blockchain community. Eight new members, including Telefónica, Tech Mahindra and ETC Cooperative, have joined bringing added diversity to the multi-venture, multi-stakeholder effort hosted at the Linux Foundation.
Hyperledger recently unveiled a host of project news, including the introduction of Hyperledger Avalon, the release of Hyperledger Sawtooth 1.2 and Sawtooth PBFT 1.0 and updates to Hyperledger Quilt and Hyperledger Burrow. In addition, Hyperledger announced the launch on the Hyperledger Certified Service Provider (HCSP) program along with five initial members. The Hyperledger community also came together in Russia for its first Moscow Bootcamp.
“The fourth quarter has been busy on many fronts,” said Brian Behlendorf, Executive Director, Hyperledger. “We’ve hit the 15 project milestone with the introduction of Hyperledger Avalon, and are seeing growing development and traction across our other projects. We have also launched our Hyperledger Certified Service Provider program to boost deployment speed and efficiency for enterprises. Now, this diverse line-up of new members adds even more depth and breadth to our community and momentum to our efforts to advance the state of enterprise blockchain technologies.”
Hyperledger allows organizations to create solid, industry-specific applications, platforms and hardware systems to support their individual business transactions by offering enterprise-grade, open source distributed ledger frameworks and code bases. General members joining the community are BlocWatch, BondEvalue, Ledger Leopard, LimeChain, Telefónica, Tech Mahindra and Vonechain Technology.
Hyperledger supports an open community that values the contributions and participation from various entities. As such, pre-approved non-profits, open source projects and government entities can join Hyperledger at no cost as associate members. Associate members joining this month include ETC Cooperative.
New member quotes:
BlocWatch
“We are excited and proud to join the Hyperledger community,” said Aaron Klein, Co-Founder & CEO of BlocWatch. “At BlocWatch, we are dedicated to helping enterprise users, and their service providers, adopt and leverage blockchain technology. We provide blockchain users with visibility, monitoring, and automated operational and security alerting to ensure the best possible return on their blockchain investment.”
BondEvalue
“As a blockchain bond exchange that connects with financial institutions, we are delighted to join the Hyperledger community and leverage its powerful permissioned blockchain technology,” said Rajaram Kannan, Co-founder and CTO at BondEvalue. “Our Hyperledger Sawtooth-based system is able to match and settle trades within a few seconds that otherwise take 2-3 days.”
Ledger Leopard
“Ledger Leopard, as a blockchain solution provider, works with multiple solutions to provide the right fit for our customers,” said Jeroen van Megchelen, CTO of Ledger Leopard. “Blockchain brings a set of tools and benefits to work together in a supply chain in a more efficient and trustworthy way. The Hyperledger technologies and community are an example of the decentralized corporation and willingness to think outside the box and create and better business models. Becoming a part of the Hyperledger family and working with the global community is a logical step to bring this to the next level. The paradigm shift of blockchain needs to come from a movement and we are proud to be part of this ecosystem. Together we will create the digital identity to move through optimized supply chains where people have control of their own data, and do tokenized payments, using Hyperledger Indy for identification systems.”
LimeChain
“I’m extremely happy and thrilled to share that LimeChain is joining Hyperledger and the Linux Foundation!” said Nick Todorov, CEO, and co-founder of LimeChain. “As a premier Blockchain & DLT solutions provider this is not just a logical next step for us, but a strategic move that will help LimeChain provide even better solutions to its clients and partners. We are really excited about working with Hyperledger and about the potential synergies we will see with the Hyperledger community.”
Tech Mahindra
“Tech Mahindra has demonstrated strong product development capabilities using Hyperledger projects by developing 25+ Blockchain platforms and also implemented one of the world’s largest Blockchain networks covering 400 million+ subscribers in India to fight spam calls and text,” said Rajesh Dhuddu, Global Practice Leader – Blockchain, Tech Mahindra. “By joining Hyperledger, Tech Mahindra would like to play a strong role in architecting the future of Hyperledger technologies by architecting cutting-edge solutions to solve tough business problems for enterprises globally.”
Telefónica
“At Telefónica we have been exploring the real value of blockchain for our customers for a long time, and we believe that value is in the layer of trust that adds to operations,” says José Luis Núñez, Global Head for Blockchain at Telefónica. “Hyperledger’s community is key in the development of the technology that companies and organizations from all industries are using as a de facto standard for building business blockchain networks. We are delighted with the possibility of contributing to both the ongoing projects and new initiatives that may be launched in the coming months to continue helping companies in building these trusted networks.”
Vonechain Technology
“Blockchain is not only known as the basic technology of human collaboration, but is also one of the technical foundations of the digital world that we will be living in the future. Thus Hyperledger is going to be the factual standard of consortium blockchain between organizations,” said Vonechain Technology CEO Terry Liu. “As a blockchain innovator that serves the global market, Vonechain Technology strives to match suitable blockchain application to clients from all over the world based on four major product lines, which are tracing platform, autonomous platform, digital assets management platform, business environment platform, and 10 solutions.”
SOURCE Hyperledger
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
-
Blockchain4 days ago
Open-Source Intelligence (OSINT) Market is expected to reach a revenue of USD 64.9 Bn by 2033, at 25.6% CAGR: Dimension Market Research
-
Blockchain Press Releases2 days agoBybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
-
Blockchain3 days agoBlockchain Transforming Travel: Quantum Temple’s Innovative Venture
-
Blockchain3 days ago
Evolution of the Blockchain World: Doric Blockchain Drives Education and Adoption of Blockchain Technology and Tokenization in Latin America
-
Blockchain3 days ago
Bybit and World Leaders Forge Major Alliance to Direct Web3 for Social Good
-
Blockchain1 day ago
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
-
Blockchain1 day ago
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
-
Blockchain Press Releases1 day agoCanaan Shines at Blockchain Life 2024 in Dubai
