Blockchain
Aucnet Joins Global Mobility Blockchain Standardization Consortium “MOBI”
Aucnet Inc. (hereinafter “Aucnet”), based in Tokyo, Japan, announced that it has joined the Mobility Open Blockchain Initiative (hereinafter “MOBI”) headquartered in Los Angeles in the U.S. state of California, a global nonprofit consortium that develops blockchain-based technologies and standards for next-generation mobility. Through its participation in MOBI, Aucnet seeks to contribute to a sustainable society by developing circular distribution platforms for electric vehicles (EVs) and their batteries.
Aucnet launched the world’s first real-time virtual used-car auction in 1985. Based on its philosophy of “Shaping the Future of Commerce,” Aucnet has expanded beyond used cars to create circular distribution platforms for a wide variety of industries, including digital products, motorcycles, luxury brand items, flowers, and medical equipment. To enable remote transactions with peace of mind, Aucnet has developed industry-leading de facto standard inspection and grading systems for each of its product lines. In the automobile business, Aucnet inspects and grades more than one million used cars per year through its subsidiary AIS Inc., which was established with investments from Toyota, Honda, Nissan, Mazda and Subaru.
Founded in 2018, MOBI is a global nonprofit alliance of more than 100 companies and organizations, including the world’s largest vehicle manufacturers, along with startups, NGOs, transit agencies, insurers, toll road providers, smart city leaders, and technology companies. MOBI’s mission is to create standards and build the digital infrastructure for connected vehicles and IoT commerce in order to accelerate the adoption of blockchain/DLT and make transportation more efficient, equitable, decentralized, and sustainable.
2021 saw an unprecedented shift towards EVs in the new vehicle market, with numerous vehicle manufacturers and governments having committed to increase the uptake of EVs. This trend is expected to continue in the coming years and to flow on to the used-vehicle market in the near future. MOBI provides Aucnet the opportunity to collaborate with leading organizations around the world to be at the forefront of the development of inspection technologies and circular distribution platforms for EVs and their batteries. Aucnet’s systems will facilitate transparent transactions of used EVs and enable the efficient reuse of lithium-ion batteries, thereby contributing to the achievement of the U.N.-led Sustainable Development Goals (SDGs).
– MOBI overview
Organization name: Mobility Open Blockchain Initiative
Established: May 2, 2018
Headquarters: Los Angeles, California, USA
Representatives: Chris Ballinger, Tram Vo
URL: https://dlt.mobi/
– Aucnet profile
Company name: Aucnet Inc.
Headquarters: 2-5-8 Kita-Aoyama, Minato-ku, Tokyo 107-8349, Japan
Representatives: Kiyotaka Fujisaki, Chairman and CEO; Shinichiro Fujisaki, President and COO
Established: June 29, 1985
Capital: 1,765 million yen (as of December 31, 2020)
Consolidated sales: 24,078 million yen (fiscal year ending December 2020)
Number of consolidated employees: 821 (as of December 31, 2020)
Business overview: Information-based distribution support service businesses such as hosting and operating auctions using the Internet
Stock information: First Section of the Tokyo Stock Exchange (Securities Code: 3964)
URL: https://www.aucnet.co.jp/
SDGs policy: https://www.aucnet.co.jp/SDGs/en/
SOURCE Aucnet Inc.
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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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