Blockchain
UST Global Receives ISG 2020 Top Case Study Award for Digital Excellence
UST Global, a leading digital transformation solutions company, announced that it has been recognized by Information Services Group (ISG), a leading global technology research and advisory firm, for its role in one of the top 25 examples of digital transformation in 2020, as featured in the ISG Digital Case Study book, Scaling Digital: 25 Stories of Innovation.
ISG Research worked with the leading technology companies around the globe, both large and small, to build this unique compendium of compelling case studies that demonstrate real-life business issues illustrating how organizations are currently accelerating the use of digital technologies. For the second consecutive year, UST Global has been recognized for Digital Excellence by ISG.
ISG highlighted UST Global’ s engagement with a leading Spanish multinational commercial bank and financial services company to transform the international payments experience for its customers by deploying blockchain-based solutions. UST Global helped the bank to realize its vision into a successful service offering.
The bank launched its mobile-based application that enables their end customers to complete international transactions in seconds – the same transactions previously took four to five working days to complete. In just four to five clicks, the customer can enter the amount to be transferred, select a recipient and exchange rate, and confirm the transaction. The application leveraged a technology based on distributed ledgers which enabled the bank with interoperability among different ledgers and networks, cryptographically secured end-to-end payment flow, transaction immutability, and information redundancy. UST Global played a significant role in delivering the solution and integrating the platform.
UST Global leveraged its fully dedicated blockchain core team with a full range of skills needed to build and deploy the application. The solution went live in Spain, U.K., and several Latin American countries. Customers of the bank expressed appreciation for its ease of use, transparency, and better user experience compared to the previous service. The bank plans to roll out the application to more customers across other geographic regions.
“We are immensely honored to be recognized by ISG as a leader in Digital Excellence for the second consecutive year,” said Manu Gopinath, Chief Operating Officer, UST Global, “The ISG Digital Case Study Book highlights the digital excellence, innovation and client success by digital providers enabled for enterprises. We pride ourselves on our ability to continuously innovate, deliver, and transform the digital journey of our clients worldwide. Our case studies, transformation stories, constantly measure success and enable us to learn and improve while continuing to provide world-class solutions for our customers globally.”
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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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