Blockchain
Regtank Delivers Full Compliance Solution For Singapore’s Inaugural Non-Fungible Token Charity Auction ‘Blockchain For Good’
Regtank, the leading provider of a one-stop software-as-a-service compliance solution, has been designated as one of the supporting collaborators for Blockchain Association Singapore (BAS) and the National Trades Union Congress (NTUC) U Care Fund Non-Fungible Token (NFT) charity auction event, ‘Blockchain For Good’ (BFG).
The auction has taken place over a week in Singapore, from 4th October 2021 to 10th October 2021, and supported by partners including Ether Cards, Singapore Airlines, KrisShop, Singapore FinTech Festival, Drew & Napier LLC, Amazon Web Services (AWS), Aleta Planet, Nexia TS, Ode To Art Gallery, Coinhako and Regtank Technology.
Blockchain For Good aims to raise funds for the NTUC-U Care Fund; the proceeds raised will go towards supporting several assistance initiatives, such as helping families with living expenses and education fees for their children, as well as caring for the elderly.
“We are pleased to partner with our members like RegTank to provide the technology to ensure a safe and compliant NFT platform for a very meaningful cause.” – Chia Hock Lai, Co-Chairman of Blockchain Association Singapore
The NFT platform powered by Mars Panda and hosted by BAS is one of the first NFT platforms to host a complete compliance solution. BAS has partnered with Regtank for its cutting-edge biometrics and AI for an end-to-end, holistic compliance solution that can deliver results in a matter of seconds.
“We are delighted to work collaboratively with Blockchain Association Singapore and bring our eKYC and Digital Onboarding solution to deliver a broader range of innovative compliance solutions. As more and more companies embrace digital transformations, we want to make compliance easy for businesses around the world.” - Megan Lee, Founder of Regtank Technology
Regtank’s SaaS platform consists of four main features – Know Your Customer (KYC), Know Your Transactions (KYT), Intelligent Risk Engine, and a 360-degree Risk Profile. The automated KYC helps manage KYC obligations such as AML screening, risk assessment, record keeping and ongoing due diligence in a single, intuitive platform.
Regtank’s latest Digital Onboarding with facial recognition provides a better user experience and allows for straight-through efficiency during the remote onboarding process. The real-time facial liveness detection feature reduces the risk of a cybercriminal deceiving the system. The facial comparison verification conducted through AI also allows for more flexibility in compliance.
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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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