Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

The Largest Digital Bank in China featured in the latest Forbes Blockchain 50

Published

on

 

WeBank, the world’s leading digital bank, is featured in the Forbes Blockchain 50 2022. The bellwether list recognizes large corporations that lead in employing distributed ledger technology and reflects the spreading impact of the blockchain market globally. WeBank has been recognized for top-notch research and development of consortium chain technologies, as well as its continuous efforts in building an active consortium chain ecosystem. WeBank has provided open-sourced consortium chain technologies to the “The Green Bud Points” based on “Green Inclusive Cloud” developed by China Beijing Green Inclusive Network Technology Co., Ltd (”Green Inclusive”). It encourages the public to reduce carbon emissions by recording daily green behaviors on blockchain and rewarding those behaviors with credits that can redeem vouchers and gifts.

The Green Bud Points, a United Nations Sustainable Development GOALS partnership project, is built on the Green Inclusive Cloud. It intends to promote a green and low-carbon lifestyle by quantifying and calculating the carbon emissions of various environmental protection activities. The Green Bud Points stores users’ carbon emission reduction records on chain. Then, the underlying blockchain technology ensures that the issuance and distribution of records are transparent and traceable, thus securing trust among all users and involved parties. In 2021, the Green Bud Points has recorded more than 2,500 tons of carbon emissions reduced.

The Green Inclusive Cloud is one of many practical applications that surfaced in WeBank’s long-term commitment to provide open-sourced blockchain technologies. So far, WeBank has open-sourced more than 10 blockchain technologies, including leading the development of the underlying blockchain platform FISCO BCOS and the identity authentication and trusted data exchange solution WeIdentity. By implementing FISCO BCOS and WeIdentity, the Health Code Mutual Recognition System between Guangdong and Macao achieves reliable and compliant information verification across borders without direct exchange of personal data. From May 2020 to the end of 2021, more than 100 million border crossings have been through customs between the Chinese mainland and Macao using the system.

Besides providing technologies, WeBank strategically focuses on building consortium chain ecosystem. By the end of 2021, the WeBank-powered FISCO BCOS community has brought together more than 70,000 individual developers, more than 3,000 companies and institutions to participate in the construction of the blockchain industry ecosystem. There are more than 200 public administration, finance, agricultural, social welfare, entertainment, supply chain and IoT applications operating stably in the production environment.

Advertisement

Henry Ma, Executive Vice President and Chief Information Officer of WeBank, said, “Innovation and technology have always been core to WeBank’s strategy to become a world-leading digital enabler. In the coming years, we expect more opportunities in utilizing advanced technologies to serve the real economy and drive financial inclusion. With our leading-edge blockchain and other fintech capabilities, WeBank will continue to collaborate with our ecosystem partners to drive digital transformations across industries, and explore the paths for equitable, sustainable and green developments.”

Blockchain

Green Technology & Sustainability Market Is Expected To Reach A Revenue Of USD 193.9 Bn By 2033, At 23.5% CAGR: Dimension Market Research

Published

on

green-technology-&-sustainability-market-is-expected-to-reach-a-revenue-of-usd-1939-bn-by-2033,-at-23.5%-cagr:-dimension-market-research
Continue Reading

Blockchain

XChain, VARA’s Exclusive Transaction Monitoring Partner, Readies Rollout for Regional and Global VASPs

Published

on

xchain,-vara’s-exclusive-transaction-monitoring-partner,-readies-rollout-for-regional-and-global-vasps

Global digital assets risk monitoring provider XChain, which has been working with Dubai’s VARA since 2022 as its exclusive forensic transaction monitoring partner, has announced the rollout of its services for institutional and retail Virtual Asset Service Providers (VASPs) in the region. The public launch of XChain’s transaction monitoring services will benefit VASPs, and eventually traditional financial institutions venturing into digital assets, offering much needed lifecycle support in areas of crypto oversight, compliance frameworks and transaction monitoring forensics.

By providing the region’s VASPs full visibility on the necessary regulatory and compliance frameworks, XChain aims to solve for key risk factors in on-chain transactions, enabling service providers to ultimately gain real-time insights into their risk metrics. XChain’s early intervention efforts will further establish a reliable and transparent monitoring foundation for VASPs, preparing them for proactive risk management as it relates to their different business models.

Haydn Jones, the newly appointed Managing Director of XChain, said: “With an increasing number of companies looking to tap into UAE’s digital assets industry, we are privileged to continue our work streamlining access to on-chain transaction risk-based analytics. It is therefore imperative for the compliance functions within VASPs to have access to the latest thinking, and we are proud to be at the forefront of blockchain forensics and asset monitoring to build a trusted and reliable framework that offers end-to-end support.”

Matthew White, CEO of VARA commented: “At VARA, we are committed to fostering innovation while ensuring robust regulatory standards for the virtual asset ecosystem. XChain’s rollout of its transaction monitoring services represents a significant step forward in enabling VASPs to operate with enhanced transparency and confidence. We are pleased to collaborate with XChain in setting new benchmarks for regulatory technology, which will not only benefit the digital asset sector but also build bridges with traditional financial institutions exploring this space.”

Advertisement

Building the Gold Standard in Forensic Transaction Monitoring

VARA and XChain are also working on a regulatory dashboard tool to advance the existing on-chain transaction monitoring standards for the region’s digital assets ecosystem. The dashboard, expected to be launched in beta later this year, will offer real-time on-chain data and open-source intelligence derived from VASPs, enabling such institutions, as well as TradFi and professional services companies dealing with digital assets, to integrate a unified risk monitoring tool that adheres to the gold standard in Virtual Assets Regulatory Technology.

The post XChain, VARA’s Exclusive Transaction Monitoring Partner, Readies Rollout for Regional and Global VASPs appeared first on News, Events, Advertising Options.

Continue Reading

Blockchain

Blocks & Headlines: Today in Blockchain (Chainlink Labs, BlackRock, Fidelity, Dynamite Blockchain)

Published

on

blocks-&-headlines:-today-in-blockchain-(chainlink-labs,-blackrock,-fidelity,-dynamite-blockchain)

 

Exploring the Frontlines of Blockchain Innovation and Adoption

The blockchain industry continues to shape the future of finance, governance, and technology. Today’s briefing covers a range of key developments, from Australia’s crypto crackdown to Chainlink Labs’ expansion, Nevada’s innovative blockchain-driven electoral security, and updates on institutional Bitcoin adoption.


Australia’s Crypto Shakeup: A Looming Exodus for Blockchain Startups?

Australia’s blockchain and crypto sectors face a tumultuous period as nearly 30% of the country’s crypto-related businesses are projected to close operations by 2024. This decline follows increased regulatory scrutiny and diminishing investor confidence, as outlined in a report by KPMG.

The tightening regulatory environment has fueled debates about whether these measures protect consumers or hinder innovation. Advocates argue that clear regulations are crucial for building trust and stability in blockchain ecosystems, while critics fear they might stifle entrepreneurial spirit in the country.

Advertisement

This development could serve as a cautionary tale for other nations walking the fine line between fostering innovation and enforcing compliance.

Source: Cointelegraph


Breaking Down Institutional Bitcoin Adoption

Institutional adoption of Bitcoin is on the rise, marking a significant milestone for blockchain’s integration into mainstream finance. A new report reveals how companies are leveraging Bitcoin as a reserve asset, while financial giants explore Bitcoin-backed investment products to attract both retail and institutional clients.

While adoption is accelerating, barriers remain. Regulatory uncertainty, volatility, and infrastructure gaps hinder broader integration. However, with asset managers like BlackRock and Fidelity increasingly embracing Bitcoin ETFs, institutional interest appears to be solidifying the cryptocurrency’s position as “digital gold.”

This trend signifies blockchain technology’s growing legitimacy in traditional financial systems, offering a pathway for further innovation and integration.

Advertisement

Source: Bitcoinist


Nevada Implements Blockchain for Election Security

In a pioneering move, Nevada has integrated blockchain technology to enhance electoral security and prevent fraud. This development comes in response to a 2020 incident involving fraudulent electors, with blockchain now being used to verify the authenticity of electoral certificates and records.

The immutable and transparent nature of blockchain ensures tamper-proof data integrity, making it an ideal solution for secure electoral processes. Nevada’s initiative could serve as a model for other states and countries grappling with election integrity issues.

By leveraging blockchain for governance, Nevada showcases how this technology can go beyond finance to address critical societal challenges.

Source: 8 News Now

Advertisement

Dynamite Blockchain Rebrands and Charts a New Path

Dynamite Blockchain has announced a strategic rebranding initiative to align its corporate vision with emerging trends in decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise solutions. The rebranding effort includes an updated logo, a new corporate mission, and a pivot toward offering scalable blockchain solutions for businesses.

The company’s refreshed focus aims to position Dynamite Blockchain as a leader in enterprise blockchain adoption, helping organizations integrate decentralized solutions seamlessly into their existing frameworks.

This rebranding underscores the importance of adaptability in the rapidly evolving blockchain space, where staying relevant often means redefining one’s identity.

Source: GlobeNewswire


Chainlink Labs Expands to Abu Dhabi Global Market (ADGM)

Chainlink Labs, the developer of the blockchain oracle network Chainlink, has established a new presence in the Abu Dhabi Global Market (ADGM). This strategic expansion aims to tap into the Middle East’s growing blockchain ecosystem and foster collaborations with financial institutions in the region.

Advertisement

By entering ADGM, Chainlink Labs signals its intent to advance blockchain-powered financial solutions, with a focus on enhancing smart contract utility and adoption. The move also underscores the region’s increasing role as a hub for blockchain innovation.

This expansion reinforces Chainlink’s position as a key player in bridging on-chain and off-chain systems, further enabling the growth of decentralized applications worldwide.

Source: PR Newswire


Emerging Trends and Insights

  1. Regulatory Challenges: Australia’s crypto downturn reflects the broader tension between innovation and regulation, offering lessons for global blockchain players.
  2. Institutional Momentum: The rising adoption of Bitcoin by financial giants suggests a pivotal shift in the role of cryptocurrencies in traditional markets.
  3. Blockchain Beyond Finance: Nevada’s electoral security innovation highlights blockchain’s potential to address societal issues beyond financial services.
  4. Corporate Evolution: Dynamite Blockchain’s rebranding illustrates the industry’s emphasis on staying agile and forward-looking.
  5. Global Expansion: Chainlink Labs’ move into ADGM underscores the Middle East’s emergence as a critical blockchain innovation hub.

Key Takeaways

  • Blockchain’s application in governance and security, as seen in Nevada, demonstrates its potential for societal transformation.
  • Institutional adoption of Bitcoin is solidifying its status as a mainstream financial asset, even amid regulatory hurdles.
  • Strategic rebranding efforts, such as Dynamite Blockchain’s, reflect the dynamic nature of the blockchain industry.
  • Expansions into regions like the Middle East signal blockchain companies’ focus on tapping into emerging markets.

 

The post Blocks & Headlines: Today in Blockchain (Chainlink Labs, BlackRock, Fidelity, Dynamite Blockchain) appeared first on News, Events, Advertising Options.

Advertisement
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE