Blockchain
Bitgreen goes live with its parachain network on Polkadot to kickstart climate action
Bitgreen, the company building blockchain’s epicenter for sustainability, activates its parachain on Polkadot. Going live just two months after winning its parachain auction, Bitgreen paves a way for sustainability and impact-investment projects to build communities and raise funds through its blockchain platform.
Despite the mounting urgency to solve the climate crisis, leading governments are falling behind in reaching necessary funding goals. This gap in financial action immediately affects the most vulnerable communities impacted by climate disasters. For instance, funding pipeline blockages cause critical initiatives like climate adaptation infrastructure to receive under 10% of the estimated $340 billion in support it will require by 2030. Projects of all scopes conducting vital work in climate development and humanitarian aid must now seek different avenues to attain funds.
Bitgreen responds to this critical shortfall with a novel infrastructure for grassroots-level sustainability and impact projects to find a global investor community. By launching its chain on Polkadot, a Proof-of-Stake network which consumes 99.9% less energy than other leading blockchains, Bitgreen empowers projects to sustainably raise funds for critical initiatives combating climate change and humanitarian crises. Additionally, the chain activation enables Bitgreen token holders to stake their assets and participate in projects and dApps launched natively on the network.
The chain activation comes on the heels of Bitgreen winning the 29th Polkadot parachain auction in October 2022 through a private bid. Bitgreen’s quick turnaround from its auction win to going live demonstrates the platform’s readiness to launch following a year of development and outside investment.
This ongoing development has resulted in Bitgreen completing its token generation event in time for the chain activation. Likewise, the platform has launched a Polkadot collator network to actively maintain the parachain throughout its operations.
“Going live with our chain on Polkadot is a milestone we’re thrilled to have reached in such a short time,” says Adam Carver, President of Bitgreen Switzerland. “Activating a platform is a challenge that not every project is able to tackle, and we’re proud to have prepared for this moment for the last year and welcome user accounts that will gravitate to Bitgreen in 2023.
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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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