JCB signs a Strategic Partnership Agreement with TECHFUND for Joint Research on Sustainable Payment System Using Blockchain 13647

JCB Co., Ltd., a global payment network and a leading issuer and acquirer in Japan, and TECHFUND Inc., a technology accelerator promoting innovation in startups and leading companies, have signed a strategic partnership agreement to jointly research the construction of a sustainable payment system using blockchain. Based on TECHFUND’s blockchain technologies such as STO (Security Token Offering)*1 and staking*2, JCB and TECHFUND jointly research the payment platform that will contribute to solving various issues in the payment field.

1) STO: A method of raising funds through tokenized securities issued on the blockchain.

2) Staking: Earning a reward by continuously holding crypto currencies and contributing to the stability of the system.

About JCB

JCB is a global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981.
Its acceptance network includes about 34 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide.

About TECHFUND

TECHFUND, a TECHNOLOGY ACCELERATOR, was launched on October 9, 2014 with a vision, “BE AN ENTREPRENEUR”. As the world’s first technology accelerator to support startups by investing “technology” instead of money, we have been involved in more than 300 teams of mentoring and due diligence, and have invested in 10 companies. At the same time, we provide an intrapreneur program, “ACCEL PROGRAM for BIZ”, for major companies and contributed to 30 leading companies’ innovations. We also develop scoring algorithms to assess the growth potential of startups and new businesses. TECHFUND is currently focusing on supporting blockchain and STO projects, as well as developing and providing ACCEL BaaS (Blockchain as a Service) to “accelerate” the development of blockchain applications for startups and enterprises. Among the supported startups is EtherSecurity, a company in the staking business.

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When Projects Are Real – Why “CryptoUnit Scam” Claims Are Unfounded 4787

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The crypto universe is filled with painful examples of projects that have proven to be scams. The arrival of a new player on the market is immediately met with deluges of accusations and rightful suspicion. The same applied to the CryptoUnit project, which was immediately greeted with the “CryptoUnit scam” branding.

However, after careful analysis, it becomes clear that the claim “CryptoUnit scam” does not hold up, as the project is developed by legitimate specialists with noble purposes and a real value offering. The first reason why “CryptoUnit scam” does not manage to be a true statement is because the project is developed by specialists in the investment industry with more than 20 years of experience. Such expertise and the backing reputation does not allow the founders to be eligible for scams, and such schemes. It is simply unprofitable for both the present and the future to be involved in illicit schemes.

The CryptoUnit program is a financial undertaking that provides anyone a unique opportunity to become co-owners and shareholders of a major fund, which is a financial program operating in every investment market segment. The creator of the Global Program is professional investor Andrei Khovratov, the founder of the immense community of the New Economic Evolution of the World, NEEW. The CryptoUnit Security Tokens (CRU) that will be issued as part of the CryptoUnit program are digital counterparts of securities based on the Security Token Offering model with underlying blockchain technology and smart contracts. The reliance on the STO model for the placement of tokens will ensure complete compliance with international legal norms.

Participation in the program gives participants access to assets that are currently valued at $404 million. The funds raised as part of the CryptoUnit project will be used to expand the existing portfolio with other profitable investment instruments. The combined participation in the CryptoUnit program will allow holders of CRU tokens to partake in the profit sharing of the portfolio’s revenues.

The Global CRU Program currently includes more than 60 financial instruments from various segments of the investment market. Venture capital, precious metals, banking sector, the stock market, cryptocurrencies, equity participation in business, culture, real estate, and precious stones are all part of the investment portfolio. With a total investment of about $51 million, the Global Investment Portfolio has a capitalization of more than $379 million.

Part of the profits from the assets of the Global Investment Portfolio will be directed at the payment of Profi-Bonuses for all investors of the CryptoUnit program. After the issuance and registration of CryptoUnit CRU tokens, token holders will receive dividends in the amount of 8 to 35% of the total profits of the portfolio.

EMURGO Partners with Online Travel Agency Travala.com to Drive the Adoption of Cardano’s ADA 5311

EMURGO, a global blockchain solutions provider & a founding entity of the Cardano protocol, announces its partnership with Online Travel Agency (OTA) Travala.com – the world’s leading blockchain-based travel booking platform trusted by customers worldwide. This partnership will enable travelers to easily book hotels & travel accommodations worldwide using Cardano’s native cryptocurrency ADA on Travala.com’s online platform. As the official travel partner of EMURGO, Cardano ADA users will also receive 10% cashback for all hotel bookings made with ADA until July 31.

This partnership will be an additional, substantial step forward with regards to EMURGO’s mission to drive the adoption of ADA, as economies reopen and travel restrictions are lifted. This will further provide value to the core ADA community, as well as the larger cryptocurrency communities.

Through Travala.com’s existing partnership with digital travel company Booking.com to integrate accommodations listings, Travala.com currently offers 2,000,000+ bookable properties across 90,000 worldwide destinations in 230 countries and territories, at competitive prices up to 40% cheaper than mainstream travel booking platforms.

Travala.com users are able to seamlessly pay for their travel bookings with Cardano ADA in addition to 28 other accepted cryptocurrencies and traditional online payments.

“As global travel begins to gradually resume, EMURGO is excited to partner with Travala.com to bring functional utility to Cardano ADA users. Being able to book flights, hotels, and other travel accommodations with ADA at over 2 million properties in 90,000 international destinations demonstrates EMURGO’s focus to drive real-world Cardano adoption,” said EMURGO CEO Ken Kodama.

“We’re extremely excited to partner with an industry titan to boost ADA adoption. Travel is the ideal venue for mass adoption of cryptocurrencies and as we all start to travel again, Travala.com will continue to provide a frictionless travel booking experience to anyone, anywhere,” said Juan Otero, Travala.com CEO.

According to recent data provided by Travala.com, 60% of all bookings on the platform in the last twelve months have been paid in cryptocurrencies. Over the past six weeks, there have been more than 20% week-over-week growth in total bookings, pointing towards a gradual recovery in the travel industry from the global COVID-19 pandemic. The most booked travel destinations with cryptocurrency payments to date have been the U.S., Thailand, and Australia.

KPMG LLP Launches KPMG Chain Fusion To Help Manage Crypto And Traditional Assets Over Public And Private Blockchain Networks 8376

KPMG LLP has launched KPMG Chain Fusion, a patent pending suite of advanced analytics capabilities, built on leading cryptoasset data & technology products to streamline the ability for financial services companies and fintechs to offer cryptoasset services on an institutional scale.

KPMG Chain Fusion helps clients address complex, foundational problems facing organizations competing in the institutional cryptoasset market. The technology infrastructure, operational mechanics and inherent risks are fundamentally different than traditional systems supporting financial services companies and fintechs. These differences present significant challenges to accurately and completely aggregate data from different technology environments in order to meet internal and external expectations, including expectations for customer account management, anti-money laundering (AML) and security.

At its core, KPMG Chain Fusion leverages a structured data model to combine data originating from blockchain infrastructure and traditional systems in support of analytics for business, risk and compliance objectives.

KPMG Chain Fusion was designed to help clients address considerations from regulators across the globe focusing on the integrity of control environments to support business objectives for accurate financial reporting and technology objectives for security, availability and processing integrity across both traditional and blockchain systems.

“Regulators and auditors expect fully implemented controls and processes within and across a cryptoasset business – whether they are cryptoasset or traditional systems or anything in between.  If you are a blockchain or digital asset based business, you will have separate systems for everything,” said Sam Wyner, director and co-lead of KPMG Cryptoasset Services team.

The capabilities and accelerators are designed to help address these considerations by supporting companies to achieve seamless and trusted adoption of core crypto business capabilities, enabled by leading technology products for data, custody and infrastructure.  The core also enables organizations to overcome challenges including: cryptographic proof of assets under custody, deployment and integration of core custody capabilities such as multi-party computational cryptoasset wallets, and transaction monitoring for AML.

“There is a fundamental difference in technologies required to integrate– whether it be a permission or permissionless blockchain or a traditional front, middle and back office system,” said Wyner.

With KPMG Chain Fusion, KPMG has built capabilities to integrate and enable these systems.

Many financial services institutions and fintechs are already offering cryptoasset services. At the same time, there is an increased adoption of traditional businesses offering cryptoasset capabilities and services for assets on both public, permissionless and permissioned blockchains.

“Leading cryptoasset technology solutions can address process and control requirements within their own systems, but the greater challenge is making sure systems can work together, with all the right processes and controls in place between those systems,” Wyner explains.

“KPMG Chain Fusion addresses those challenges by bringing these systems together with the required processes and controls under one roof.”

Authenticiti Secures Additional Funding to Transform B2B Supply Chains with Blockchain 10680

Authenticiti, a blockchain-enabled supply chain platform, announces it has secured additional funding from leading technology investors. The round was led by Gravity Ranch, with participation from Holt Ventures, SRI International, and existing investor Scopus Ventures. Authenticiti platform is the single-source-of-verifiable-truth for supply chain management, connecting data from siloed systems in real-time. As supply chains struggle to adapt during uncertainty, companies need to optimize existing fragmented supply chain infrastructures.

“With applications deployed for specific needs, most supply chain infrastructures today are a labyrinth of data, tools, and processes,” said Andrew Yang, CEO and Co-founder of Authenticiti. “This complex environment is riddled with manual steps and spreadsheets. We provide a solution to effectively connect and manage next-generation supply chains.”

Unlike most legacy supply chain solutions, Authenticiti is an overlay that works without replacing existing infrastructures. The advantage of this approach, the users gain visibility and control, regardless of their backend ERP, logistics, or accounting system. With blockchain, manufacturers gain a real-time ledger of trusted transactions and can run operations with greater accuracy and risk management. “There is a need for a seamless overlay that connects supply chain vendors and legacy systems in a codeless, easy way that builds trust without ripping out existing systems. And that’s exactly what the Authenticiti team has built,” said Eran Gilad, Managing Partner at Scopus Ventures.

Authenticiti platform is packaged in a lightweight container, allowing quick deployment to any IT environment. It also leverages key sharding encryption combined with blockchain infrastructure for highly secure and federated data sharing.

“There are enormous amounts of redundancy and cross-checking in supply chains today. Authenticiti’s platform comes at a time when there is an opportunity to reset supply chain systems that have relied on outdated processes,” said Meg Paulus, Partner at HOLT Ventures, the venture capital arm of HOLT CAT, the largest Caterpillar heavy equipment and engine dealer in the USA. Michael Downing, Founding Partner at Gravity Ranch Venture Fund explains, “We invested in Authenticiti because a blockchain-enabled supply chain will securely automate and streamline key operations, as it synchronizes data efficiently to save millions in operating costs, and this perfectly aligns with our investment model that fuels change.”

Founded in 2016, Authenticiti has helped companies across different industries such as aerospace, manufacturing, mining and insurance, with operational advancements and millions in savings annually. The company is headquartered in San Francisco with an engineering office in Toronto, Canada. https://Authenticiti.io/

Crypto Trader News Partners With Blockman Capital to Provide Expert Trading Analysis 10805

Crypto Trader News, a leading blockchain and cryptocurrency news site, is proud to announce a strategic partnership with the prestigious UK-based cryptocurrency trading firm, Blockman Capital. Thanks to this agreement, CTN will begin publishing market analysis and in-depth reports created by Blockman Capital’s team of expert analysts and traders.

Blockman Capital, based in Cornwall, England, provides a managed portfolio service to investors wanting to incorporate cryptocurrency trading into their investment portfolios. Founded in 2006, the firm currently manages over 300 portfolios with over £2 million traded each month. In 2019 Blockman Capital earned a 47.3% ROI on average for its clients.

“We are thrilled to be able to provide our readers with the expertise of Blockman Capital’s trading experts,” explained Dennis Lewis, CEO and Publisher of Crypto Trader News. “A deep understanding of the cryptocurrency markets is truly essential for anyone hoping to profit in such a volatile market. Stuart Pritchard and his team at Blockman Capital combine this understanding with over 30 years of trading experience. We believe this will be an amazing resource for our readers.”

According to Pritchard, “We founded Blockman Capital on the idea of bringing proven trading and analysis skills from the traditional equities and forex markets to the new high paced cryptocurrency markets. This partnership with Crypto Trader News allows us to now showcase on a global scale the fruits of all the hard work we’ve put in over the last four years.”

Through this partnership, Crypto Trader News and Blockman Capital will provide readers with weekly market analysis livestreams, monthly in-depth reports and breaking analysis related to the Bitcoin, Ethereum and Altcoin markets.

First Scalable Enterprise Solutions Leveraging the Value of Public Blockchain 11479

In early 2019, the business standards company BSI partnered up exclusively with Trace Labs, the core developers of OriginTrail, to deliver blockchain-enabled solutions. With such solutions, the British Standards Institution (BSI) seeks to enhance its global assurance, certification, and supply chain services by ensuring the integrity of digital records. In collaboration with Trace Labs, BSI is now launching a series of blockchain-based solutions catering to both organizations and individuals aiming to build resilience in their supply chains, a need becoming even more apparent in light of the COVID-19 virus outbreak.

Solutions described in the recently released BSI white paper – titled “Instruments of Trust: BSI’s Blockchain-Based Solutions” – enable a secure and trusted way of verifying the authenticity of claimed personal credentials as well as company and product certifications. BSI has also introduced the SCAN Trusted Factory Blockchain Program designed for US importers to ensure the authenticity of a factory’s certification and factory credentials.

False assertions are prevalent in society leaving people uncertain of whom and what to trust. Counterfeit products and false claims are far too commonplace and perpetually flood the market. Examples include counterfeit drugs/fentanyl-laced prescriptions, false or misleading food labels, and the range of credentials provided to others as part of our daily lives – passports, qualifications and so on. Challenges remain within legacy trust systems, as businesses and consumers demand an immutable source of truth and verification.

“In today’s global, interconnected economy, there is a growing trust deficit felt by businesses and consumers,” said, Dan Purtell, BSI Group Innovation Director

To help combat false claims, BSI partnered with Trace Labs in early 2019 and has since used technology based on the OriginTrail Decentralized Network (ODN) in three pilot projects. This allowed BSI to provide a suite of solutions that serve as instruments of trust for its clients, enhancing the resilience of its brands. Using DLT technology as a single source of truth, they aim to provide clients with the ability to demonstrate to their customers the authenticity of their claims, be it certifications, product authenticity, or traceability. BSI and Trace Labs are continuing to develop new solutions beyond the three pilot projects.