Blockchain
Leading Automotive and Sustainability Executives Join eTukTuk as Advisors to Promote Sustainable Transport
eTukTuk, a blockchain-based electric vehicle (EV) and charging station ecosystem, today announces the appointment of three prominent executives to its Board of Advisors.
Joining the Board of Advisors is a group of leaders in the automotive and sustainability spaces including Niro Cooke, Group Director on the Main Board of Capital Maharaja; Sheran Fernando, Co-Founder of InnoSolve Lanka; and Dimantha Jayawardena, President of SLACMA, the Sri Lankan Automotive Component Manufacturers Association.
The advisors boast unmatched professional experience across multiple disciplines and industries including the development of large-scale government infrastructure and energy projects, the formulation of mobility policy in Sri Lanka, and at the highest levels of government. The advisors will be responsible for working directly with the eTukTuk team as it continues to develop its sustainable and accessible network of charging stations and electric vehicles within Sri Lanka, where the project is set to launch later this year.
Niro Cooke, Group Director on the Main Board of Capital Maharaja, will provide the team with knowledge in navigating Sri Lanka’s current electric vehicle infrastructure. Cooke said: “eTukTuk is redefining transportation in the developing world. Creating incentives for people to make the switch from Zero Emission Vehicles (ZEVs) to EVs is the next step in achieving wide-scale EV adoption. At Capital Maharaja, we believe in having the courage to be different; working with a company like eTukTuk which shares this ethos aligns well with our values.”
Sheran Fernando, Co-Founder of InnoSolve, will bring expertise in the digitalisation of mobility and a distinguished voice in the formulation of mobility policy in Sri Lanka. Commenting on his appointment, Fernando said: “Having worked in both the mobility and sustainability industry for many years, I’m looking forward to bringing my knowledge of the local transport sector to eTukTuk as it rolls out its sustainable and accessible transportation solution in Sri Lanka.”
Dimanta Jayawardena, President of SLACMA, the Sri Lankan Automotive Component Manufacturers Association, will support the team with his prior experience in navigating the Sri Lankan transport and manufacturing system, thus delivering an improved one. Jayawardena commented: “eTukTuk and I share a vision for Sri Lanka’s transport and manufacturing system and together we’re committed to delivering the best transportation and manufacturing system possible to the drivers and users of TukTuks – and electric vehicles across the country. I believe this journey with the eTukTuk team will make a real difference to the transportation system as we know it.”
eTukTuk’s Chief Information Officer, Seth Ward said: “Cooke, Fernando, and Jayawardena’s participation in the development of eTukTuk will help contribute to the expansion of the project, and be of tremendous value to our team as we gear up to launch our network in Sri Lanka later this year.”
Seth Ward, Chief Information Officer at eTukTuk, Niro Cooke, Group Director on the Main Board of Capital Maharaja, Sheran Fernando, Co-Founder of InnoSolve Lanka, and Dimanta Jayawardena, President of SLACMA, are available for interview.
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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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