Blockchain
SaaS platform FiO finds success at Singapore FinTech Week 2019
Disruptive SaaS business FiO, a blockchain-onboarding platform for conventional businesses, was in full attendance at Singapore’s recent FinTech Week, where its senior team met with new potential partners and investors.
The company successfully met its agenda objectives that included fundraising, brand-building, networking with attendees and patent registration.
FiO CEO George Chu held scheduled meetings with high-profile investors such as True Global Ventures, during which his business development team demonstrated FiO’s unique SaaS platform that targets traditional enterprises looking to integrate blockchain.
Partly developed on IBM Hyperledger technology, the unique platform offers a simple, non-technical SaaS tool to help businesses decentralize their operations and create distributed ledger applications at their own speed without the need to understand blockchain technology.
FiO’s comprehensive revenue model includes affordable tiered and Pay-as-You-Go (PAYG) subscriptions to fit all enterprises. In addition, its customized data premium services target potential markets in accounts receivable (AR) financing, third-party payment procession, intellectual property management, and luxury goods provenance.
Mr. Chu also met up with the company’s legal advisors at Taylor Vinters Via at Gateway to advance FiO’s pending patents.
Elsewhere in Singapore, FiO Chief Technology Officer Kaede Tai met with AWS and permissioned blockchain platform Corda to discuss possible technical partnerships. The FiO team also met face-to-face with several projects not yet deployed on blockchain, explaining FiO’s core benefits to them, with across-the-board positive feedback.
FiO allows its users to connect to many different blockchains, both permissioned and public, through multi-cross chain technology without the need to select only one blockchain. In the future, developers can utilize the company’s platform to create their own blockchain products and share in their revenue.
Sitt Guruvanich, FiO’s Senior Technology & Architecture Director, networked extensively at the blockchain week’s flagship events such as The Capital, meeting with Magespire, Bank of Singapore, R3 Bootcamp and Korean investors.
After the week’s conclusion, CEO Mr. Chu stated:
“We are buoyed by the positive response from new potential investors and partners in Singapore. Based on feedback and current follow-up discussions, we will likely make a few big announcements in early 2020.”
Overall, this augurs well for the company’s ambitious roadmap next year. FiO earned a reported USD 2.7 million in revenue from 12 clients in 9 industries so far in 2019, with pipelines in place for 2020.
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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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