r3 chorum venture studio FTSE / NASDAQ NEWS 

RBS Blockchain Team Jumps Ship to Start R3 Chorum Venture Studio Project

Members of Royal Bank of Scotland’s (RBS) blockchain team have announced that they are leaving to launch an R3 Chorum venture studio, a project that aims to do for Corda what ConsenSys is doing for Ethereum. Richard Crook, former head of the RBS innovation team has made the move, taking with him engineers Mark Simpson, Ben Wyeth and Farzad Pezeshkpour. Crook and his team were responsible for developing the Cordite token project on R3‘s Corda platform, which RBS led in a bid to create a generic crypto asset blockchain system for the banking…

Read More
bmw selects blockchain startup bloom FTSE / NASDAQ NEWS 

BMW Selects Blockchain Startup Bloom to Develop Customer Lending Solution

German automotive giant, BMW selects blockchain startup Bloom to develop customer lending solutions with the aim of streamlining its financial services for its customers. Launching a ‘BMW Financial Services Collaboration Lab’ (BMW FSCL), Bloom together with five other start-ups shortlisted from 212 applicants, will collaborate in a 10-week lab at BMW Financial Services’ offices in Hilliard, Ohio, to further develop their ideas, alongside leading subject matter experts in the automotive and financial sectors. The BMW FSCL aims to digitalise the customer journey, critical areas that the the program will focus on…

Read More
blockchain trust protocol BCTECH NEWS 

LinkedIn Co-Founder Launches ‘Hub’ a New Blockchain Trust Protocol Network

Eric Ly, Linkedin co-founder launches ‘Hub’ a new blockchain trust protocol network that aims to provide people with verified portable reputation data, to encourage more trustworthy online interactions and transactions. Hub, refers to itself as a ‘human trust protocol’, to some extent it is like an Experian rating system for your integrity, loyalty and trustworthiness, as opposed to just your financial management capabilities. By facilitating connections between users on the internet in areas such as messengers, online communities, social networks, and peer-to-peer marketplaces, Hub aims to make it easier for users…

Read More
FTSE / NASDAQ NEWS 

Crypto Miners ‘Argo’ to be First Blockchain Company Listed on London Stock Exchange

Crypto mining as a service company (MaaS) Argo, is set to be the first blockchain company listed on London Stock Exchange this week. UK-Canadian company Argo Blockchain have built a data centre that runs off cheap, green hydro-power and will sustain mining at scale. With a team of just 20 people and a prolific angel investor, Gil Penchina involved, the company has stated that it expects to be valued at around £40 million, with the aim of raising £20 million in the listing.

Read More
ben and jerrys blockchain climate change BCTECH NEWS 

Ben & Jerry’s Launches Blockchain Climate Change Initiative with Poseidon

Ben & Jerry’s launch a blockchain climate change initiative in partnership with Poseidon. The world’s first digital retail platform connecting consumers with their own carbon footprint, will be launched in London. Poseidon have developed a technology that breaks carbon credits down into microtransactions, so each scoop of ice cream is accounted for. Carbon credits is one of the world’s biggest markets, worth €49 billion ($54.7 billion) in Europe alone. Until now, they could only be bought in bulk by large companies.

Read More
daico ico vitalik buterin INFLUENCERS NEWS 

Ethereum Founder Launches DAICO ICO Model 2.0

Ethereum Founder, Vitalik Buterin has launched DAICO a new ICO model that merges the concept with DAOs, to increase security. By integrating a Smart Contract, token holders are now able to control the release of funds through a voting system, or indeed vote to close and refund at any time. DAICO could abolish the “pump and dump” ICO epidemic, increasing its potential. The world’s first Daico token offering has launched with ‘The Abyss’, a video game developer.

Read More
many hands offering coins into a money box NEWS REGULATORS 

What is an ICO?

ICO is an abbreviation for an initial coin offering.  Essentially it is crowdfunding that is driven by a cryptocurrency, which is used to finance a startup company. The fundraising method was pioneered by Ethereum in 2014, it has successfully powered the growth of ‘Smart Contracts’ and continues to enable groundbreaking technology and innovations to be developed.

Read More