Blockchain
JPEX partners with Cocoon (428.HK) to explore investments of US$10 million in blockchain technology
Cryptocurrencies have attracted widespread interest among investors as a vehicle for speculation. In Feb 2022, Fidelity International, with total AUM over US$4 trillion as at Dec 2021, has launched a physical bitcoin exchange traded product in response to a growing demand for digital assets among European investors. The product launch comes three months after Invesco brought its own bitcoin ETP to the market amid a growing willingness by large asset managers to enter the cryptocurrency arena. It further shows the strong interest in investing in cryptocurrencies among investors.
JPEX, a company incorporated in Australia specialising in decentralized application development, artificial intelligence program trading, arbitrage trading technology, cryptocurrency trading platforms and core blockchain research and development, is definitely one of the beneficiaries of the crypto boom. On 11 March 2022, Cocoon Holdings Limited (“Cocoon”) (428.HK) announced that it has entered into a non-legally binding MOU with JPEX that JPEX will seek to utilise its artificial intelligence program trading and arbitrage trading technologies for securities trading and other forms of transactions within 6 months with Cocoon to expand its business using blockchain technology. Once a detailed and legally binding agreement has been reached, JPEX will offer technical personnel and advice on the articial intelligence program trading and blockchain technologies to Cocoon. JPEX and Cocoon will aim to explore investments of up to US$10 million in various areas of blockchain technology, including non-homogenised tokens, trading marketplaces, decentralised autonomous organisations and others.
Cocoon says that blockchain technology and artificial intelligence is a major trend in the future and stepping in the relevant industries will help the Group to expand the diversity of its capital investment, and is expected to enhance the return on investment.
In 2021, another HK listed company HMVOD (8103.HK) has also shown interest in investing US$5 million to engage JPEX to provide its software and systems called Decentralization Application, Decentralization Application Wallet and Ito Arbitrage Investment App (IAIA) to HMVOD in handling crypto currencies and Non-fungible token (NFT).
The partnership with the two listed companies further illustrates the strength and the leading position of JPEX among investors.
JPEX holds the state authorized virtual assets licenses from the US, Canada and Australia. JPEX’s users are allowed to trade and manage their cryptocurrency assets around the clock through its website, as well as its mobile app which can be downloaded through App Store and Google Play.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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Blockchain
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