Hyundai’s Hdac Launches DApp / Italy’s Banca Sella Opens Bitcoin Trading to 1.2 M / China Launches National Blockchain Network
March 25, 2020
This week in the landscape, Hyundai Blockchain Subsidiary, Hdac has released the first DApp adding that a “blockchain-powered trading platform” will follow. Italy’s Banco Sella launched a Bitcoin (BTC) trading service, via the bank’s Hype platform, to 1.2 million Italians along with the ability to pay for goods and services with the cryptocurrency. China launches a National Blockchain Network in 100 cities, also of note China’s central bank is one step closer to issuing its digital currency. Argentina’s national gas regulator, Gasnor, was approved to pilot a smart contract-based certification platform with the desire to become the common database for Argentina’s entire gas distribution ecosystem. Binance has set up a $50 million fund for blockchain startups in India following a Supreme Court decision to allow banks to service crypto firms. As many are working remotely right now, enjoy this list of 8 essential software tools and their Web3 cousins provide by Decrypt. Toyota revealed its Blockchain Lab that’s been exploring auto-industry blockchain applications since April 2019. Coinbase Wallet makes it easier to earn interest through DeFi apps. YGC announces its startup studio. Bicameral Ventures give us insights on evolving Web3 business models, Blockstack discusses how Web3 solves challenges of data monopolies & abuses of privacy, we get introduced to Ceramic Protocol along with Heartwood, the next major Zcash upgrade, and much more. Have a great week! Enjoy!
BONUS: I recently released the latest Q1 2020 edition of my Blockchain Landscape Map (included below for download) that provides an overview of the industry highlighting over 900 global companies, venture funds, and working groups. If this is the first version you’ve seen of the landscape, consider it your guiding roadmap to further navigate the industry. Get it here in Hi-Res for free!
Hyundai Blockchain Subsidiary Hdac has released the first decentralized app (DApp) on its blockchain network Mainnet and adds that a “blockchain-powered trading platform” will follow. The DApp has been developed by Levoist, which will allow fans crowdfund music projects from their favorite artists and buy a share of songs’ digital rights. Both companies want to push ahead with the next step of their operations by launching the tentatively named WeXDaq “blockchain-based trading platform” on Hdac, where transactions will be made in the Hdac Coin (HDAC)…read more
Italy’s Banca Sella has launched a Bitcoin trading service. Trading is conducted via the bank’s Hype platform, with the bank acting as an intermediary to mitigate against potential security risks with cryptocurrency exchanges. Nearly 1.2 million Italians already use Banca Stella’s Hype to carry out transactions, and not only will they be able to buy and sell Bitcoin (BTC), but they’ll also be able to pay for goods and services with the cryptocurrency. The customers do not need additional documents or Know-Your-Customer requirements to be able to carry out any Bitcoin-related activity. Milan-based startup Conio also announced that they would offer an additional Bitcoin wallet on the Hype platform, along with buying/selling and safe custody of digital assets…read more
Argentina’s national gas regulator has given Gasnor, a licensed blockchain platform from IOV Labs and software builder Grupo Sabra, approval to pilot a smart contract-based certification platform. “When you want to certify a new gas connection for a home or a company today, you need to send many documents, and it takes up to 3 months to process,” said Grupo Sabra, co-founder Pedro Perrota. “They are using the blockchain to certify the different steps,” said IOV Labs CEO Diego Gutierrez. “They’re giving private keys to each one of the professionals involved in the process, so they do the certification work using this shared system.” Gasnor’s shared ecosystem can facilitate any number of services. The company wants to become the common database for Argentina’s entire gas distribution ecosystem, for all nine regulated companies…read more
In the podcast, Muneeb Ali, Co-founder / CEO of Blockstack, discusses how the emerging Web 3.0 solves challenges of data monopolies & abuses of privacy and gives users more control over their digital existence. The podcast covers the emergence of an app ecosystem as well as the role of a new crypto economy.…read more
Binance and its local subsidiary have set up a $50 million fund to reinvigorate growth in blockchain startups in India following a Supreme Court decision to allow banks to service crypto firms. It will make investments in both equity and token acquisitions. The Binance fund is especially interested in initiatives that help develop a full crypto market infrastructure for India. That could include fiat gateways, remittance platforms, stablecoin solutions, and new applications for decentralized finance (DeFi). The fund will make investments anywhere between $100,000 and $5 million. The new fund would be open to collaborating and co-investing with other local funds sharing the same goals…read more
Nifty Gateway, a startup from Winklevoss twins, is going to launch a marketplace for nifties, the tradable digital art that can sell for thousands of dollars. The website will allow consumers to buy and sell digital collectibles from artists, including Michael Kagan and Lyle Owerko. The market is predicted to eventually be as big as the ones for art, collectibles, gaming, and digital items combined…read more
Toyota Motors, in collaboration with Toyota Financial Services Corporation, launched the Toyota Blockchain Lab, comprising six Toyota Group companies. Established in April 2019, it intends to use blockchain to develop an environment in which users can connect more openly and yet securely with the companies that provide them with services. The Lab has reportedly been carrying out investigative studies and undertaking trial projects, a phase of which completed in November 2019. The main-use applications identified were in areas of customer and vehicle verification, along with supply chain monitoring, and digitization of assets. Also, the Lab plans to accelerate the social implementation of various existing blockchain platforms globally…read more
A study revealed by UCLA Health and LedgerDomain has stated that blockchain technology would save the United States pharmaceutical industry over $180 million each year. The founder and CEO of the company in an interview at Hyperledger Global Forum highlighted that 17% of prescription drugs in the U.S. are incorrectly dispensed and not complied with DSCSA’s new standards. To solve this problem and detect counterfeit prescription drugs, LedgerDomain has partnered with UCLA Health to apply DSCSA requirements within one pharmacy located at one of the nation’s busiest hospitals…read more