Blockchain
VeChain Is Attending the World Artificial Intelligence Conference 2020 Hosted By Shanghai Municipal People’s Government
From 9 July to 11 July 2020, the World Artificial Intelligence Conference (WAIC) will be held online due to the COVID-19 pandemic. Organized by the Shanghai Municipal People’s Government, the annual conference’s mission is to provide a global platform for current and future AI innovation startups and corporations to exchange ideas and resources in pursuit of humankind’s greatest technological achievements.
VeChain will be opening the first blockchain technology session in this conference, with our session titled “blockchainize the future, power the economy”.
The blockchain forum will be co-hosted by the Shanghai Municipal Commission Of Economy And Informatization, Shanghai Finance Information Association and several other large enterprises and organizations. VeChain will be sharing our experience in the blockchain deployment, integration and usage for various business scenarios and current successful users.
VeChain Attending WAIC Alongside Tech Giants and Juggernauts
Since the first WAIC in 2018, the event has become a grand meeting and festival, accumulating international influences across various industries. In line with the growing trend of the online new economy and digital transformation, this year’s conference will be inviting top-of-line tech enterprises, including Microsoft, Amazon, Alibaba, Tencent, Huawei and more.
This event will be the perfect avenue for VeChain to showcase our industry-leading blockchain infrastructure and technology. As the company responsible for opening the blockchain session of the WAIC conference, we have no doubt that our keynote will be closely listened to by other attendees and VIPs invited to the event.
Blockchain: Trillion Yuan Focal Point Of The Chinese Government and Economy
On 20 April 2020, China’s National Development and Reform Commission (NDRC), the cabinet-level department that draws up policies and strategies for the direction of the Chinese economy, has expanded its definition of “new infrastructure” to include blockchain technology.
Investment in new infrastructure is expected to comprise 7%-12% of all infrastructure spending, with China International Capital Corporation (CICC) seeing new infrastructure investment of between 1-1.8 trillion yuan. As blockchain technology is becoming one of the major technical forces to boost the post-COVID economy, WAIC intends to open more discussions around its development.
With the theme of “Intelligent Connectivity Indivisible Community”, this Conference will be a high level platform attracting the most influential scientists and entrepreneurs around the world as well as government leaders to converse and talk about the technological frontiers, industry trends and provoking issues in forms of speeches and high-level forums.
VeChain will capitalize on this massive opportunity to pitch and share our experience and solutions to all stakeholders attending the conference. We are confident that our reputation and experience in solving pain points in the business world will convince even more partners to come onboard and expand our networking opportunities.
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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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