Connect with us

Blockchain

JPMorgan’s blockchain payments test is literally out of this world

Market News

Published

on

LONDON (Reuters) – Stuck in space with bills to pay? Don’t worry, the satellites could take care of it.

JPMorgan Chase & Co has recently tested blockchain payments between satellites orbiting the earth, executives at the bank told Reuters, showing that digital devices could use the technology behind virtual currencies for transactions.

The so-called Internet of Things (IoT), where devices connect to one another, is most associated with consumer electronics, including smart speakers like Amazon Echo and Google Home, and banks want to be ready to process payments when these smart devices start doing transactions autonomously.Umar Farooq, the CEO of JPMorgan’s blockchain business Onyx, thought space was a cool place to try it out.

“The idea was to explore IoT payments in a fully decentralised way,” Farooq said. “Nowhere is more decentralised and detached from earth than space.”

“Secondly we are nerdy and it was a much more fun way to test IoT,” he said.

To run the space experiment, the bank’s blockchain team did not send its own satellites into space, but worked with Danish company GOMspace, which allows third parties to run software on its satellites.

Farooq said the satellite test showed blockchain networks could power transactions between every day objects.

The test also showed it could be possible to create a marketplace where satellites send each other data in exchange for payments, as more private companies launch their own devices into space, Tyrone Lobban, head of blockchain launch, at Onyx said.

Back on earth, examples of IoT payments that could become a reality sooner include a smart fridge ordering and paying for milk on an ecommerce site, or a self-driving car paying for gas Farooq said.

Blockchain, which first emerged as the software underpinning cryptocurrencies, is a shared digital ledger of transactions. Financial companies have invested millions of dollars to find uses for the technology hoping it can reduce costs and simplify more complex IT processes, such as securities settlement or international payments.

But so far, blockchain has yet to have widespread impact in financial services.

JPMorgan has been one of the most active banks in blockchain, announcing it had created its own distributed ledger called Quorum in 2016, which was sold to blockchain company Consensys last year. The bank also developed a digital coin called JPM Coin and in 2020 created Onyx.

Onyx has more than 100 employees and its blockchain applications are close to generating revenues for the bank, it said.

Among the division’s applications is Liink, a payments information network involving more than 400 banks, a project to replace paper checks and IoT experiments, Farooq said.

Reporting by Anna Irrera. Editing by Jane Merriman

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

“The idea was to explore IoT payments in a fully decentralised way,” Farooq said. “Nowhere is more decentralised and detached from earth than space.”

Source: https://www.kitco.com/news/2021-02-24/JPMorgan-s-blockchain-payments-test-is-literally-out-of-this-world.html

Blockchain

QANplatform (QANX), the quantum-resistant blockchain platform launches its CEX listing journey on Gate.io

Tallinn, Estonia, 28th November, 2021, Estonia, Tallinn, Nov. 28, 2021: Gate.io lists QANX Token, the utility token of QANplatform as a trading pair to widen

Published

on

Tallinn, Estonia, 28th November, 2021,

Estonia, Tallinn, Nov. 28, 2021: Gate.io lists QANX Token, the utility token of QANplatform as a trading pair to widen its portfolio with a quantum-resistant Layer 1 blockchain.

QANplatform (QANX) is starting the first step of its top-tier listing journey to enter the Centralized Exchange (CEX) market at Gate.io.

QANplatform is the quantum-resistant Layer 1 hybrid blockchain platform that will allow developers and enterprises to build quantum-resistant: smart-contracts, DApps, DeFi solutions, NFTs, tokens, Metaverse on top of the QAN blockchain platform in any programming language.

QANplatform will tackle fast adoption by building integrations to existing and widely used and loved programming languages, DevOps technologies, major cloud platforms, Indexing and Oracle APIs. QANplatform will be Ethereum EVM compatible. It is the first Layer 1 which rewards developers and lets users validate (“mine”) even with a mobile phone.

QANX Token, the utility token of QANplatform will fulfill its functional value when the QAN MainNet will be live in 2022. QANX Token was listed on two of the most used Decentralized Exchanges (DEXes), on Uniswap (WETH/QANX) and PancakeSwap (WBNB/QANX) on June 2, 2021.

Gate.io will open trading for USDT/QANX trading pair at 08:00 AM (UTC) on November 28, 2021.

“QANplatform’s mission is to empower any developer to build rapidly and securely on the blockchain. Not only QANplatform as a technology but also the opportunity for the wide availability of the token is important before the ecosystem launch since QANX will be the native utility token of the QAN MainNet. We are glad that QANplatform is starting on November 28 the first step of its top tier listing journey to enter the Centralized Exchange (CEX) market at Gate.io.” — says Johann Polecsak, Co-Founder and CTO of QANplatform.

About Gate.io:

Founded in 2013, Gate.io has strived to provide its users with the best trading experience in the last 8 years. In terms of trading volume, Gate.io is one of the top 10 crypto exchanges in the world.

About QANplatform (QANX):
QANplatform is the quantum-resistant Layer 1 hybrid blockchain platform that will allow developers and enterprises to build quantum-resistant: smart-contracts, DApps, DeFi solutions, NFTs, tokens, Metaverse on top of the QAN blockchain platform in any programming language.

Website: https://www.qanplatform.com/en
Twitter: https://twitter.com/home
Telegram: https://t.me/QANplatform

// Risk warning: Cryptocurrency investment is subject to high market risk.
Please make your investments cautiously. Not financial advice. //

Contacts

QANplatform (QANX) is starting the first step of its top-tier listing journey to enter the Centralized Exchange (CEX) market at Gate.io.

Source: https://www.crypto-news.net/qanplatform-qanx-the-quantum-resistant-blockchain-platform-launches-its-cex-listing-journey-on-gate-io/

Continue Reading

Blockchain

Lugano NFT Week: Lugano is becoming a Blockchain & Crypto-Friendly City

From 15-21 November Lugano Living Lab, the digital innovation laboratory of the City of Lugano, has promoted an unprecedented exhibition that explores the fascinating world of NFT and Crypto Art with an exhibition, events and dedicated workshops.

Published

on

LUGANO, Switzerland, Nov. 26, 2021 /PRNewswire/ — From 15-21 November Lugano Living Lab, the digital innovation laboratory of the City of Lugano, has promoted an unprecedented exhibition that explores the fascinating world of NFT and Crypto Art with an exhibition, events and dedicated workshops.

(PRNewsfoto/Luxochain SA)

(PRNewsfoto/Luxochain SA)

Lugano is increasingly a Blockchain & Crypto-Friendly City. After the launch at the end of 2020 of the MyLugano app, the LVGA Points citizen payment token and the recent creation of 3Achain, the institutional blockchain promoted by the city, this time it is the turn of the NFTs with a review between art and technology entirely dedicated to the understanding of this emerging and extremely topical phenomenon.

Non-fungible Tokens (NFTs) are a cryptographic system that allows you to provide proof of authenticity and ownership. Applied in the field of digital art, they make it possible to certify the uniqueness and scarcity of a work, which as digital is easily replicable or reproducible, but which is, so to speak, made rare by its registration in the Blockchain. NFT is therefore not the work or even an artistic phenomenon, but the corresponding certification registered on the blockchain.

It is an epochal paradigm shift that opens up new and interesting scenarios for the art market and that among its merits has had that of unleashing enormous creative potential by providing a dimension to artistic languages, expressions and grammars hitherto marginalized by the system of traditional art, thanks to a strong push from below.

The exhibition promoted by Lugano Living Lab, the digital and technological innovation laboratory of the city of Lugano, has been held from 15-21 November at Villa Ciani with exhibitions, events and workshops dedicated to understanding this phenomenon.

On the ground floor of Villa Ciani there will be the exhibition entitled “The Future is Unwritten”, curated by Ivan Quaroni and Linda Tommasi. In this context, a selection of works chosen from the hundreds that make up the collection of the Poseidon Group, one of the largest and most conspicuous in Europe, will be proposed. Among these, patrons will be able to admire the works of internationally renowned artists who have played a key role in the explosion of the phenomenon of Crypto Art such as Beeple, XCOPY, Hackatao and Dangiuz, Federico Clapis, Skygolpe, Fabio Giampietro, Raphael Lacoste, Giovanni Motta , Andre Chiampo together with two specimens of the famous Cryptopunks from Larva Labs. Alongside this exceptional team, the curators have selected a core of young artists or newcomers in the NFT universe, such as Niro Perrone, Nicola Caredda, Giuseppe Veneziano, Adriana Glaviano and Giò Roman, for the quality and originality of their works.

The first floor of Villa Ciani will instead be dedicated to Gaming enthusiasts with an exhibition of digital and collectible works. Visitors will thus be able to discover NFTs developed by Lugano-based companies, including Crypto Heroes, a game based on NFTs and the NFT Gaming protocol by Noku, the online 3D entertainment platform The Nemesis by UNDO Studios, which combines the technology of worlds virtual to gaming and gamification, as well as NFT of products from the world of luxury and jewels, real “passports” of authenticity and ownership, made by Luxochain.io.

It will also be possible to see the NFTs of Axie Infinity, the most famous NFT blockchain game in the world, as well as Cryptogene and Scriblet Clubhouse with Shifty Shepherds designed by Juliet Duplessie developed by Sortium, three projects to which Pangea, a fund specialized in investments in blockchain projects with offices in Lugano participated with investments in seed capital. Finally, for sports enthusiasts it will be possible to admire the NFTs of Topps, a multinational leader in the field of sports collectibles for years.

On the first floor there will also be a station where the digital subjects of the first Crypto Stamp of the Swiss Post (a physical stamp associated with NFT digital representations) developed by the Post and which will be launched on November 25th will be previewed (find out more at address https://crypto-stamp.post.ch/).

Within the exhibition, throughout the week, it will also be possible to participate in the creation of the first NFT citizen of Lugano by taking part in the creation of a collective artistic work. This first “NFT Luganese” will then be created in a limited series and a numbered copy will be sent to all those who have contributed to its creation.

The exhibition has been inaugurated on Wednesday 15 November starting at 17:00 and will be accessible free of charge until 21 November, during the week from 11: 00-18: 30 and during the weekend from 09: 00-18: 30.

As part of the Lugano Living Lab exhibition, it proposes a Talk entitled “The NFT World” in which experts from the business and academic world will explore various application fields of the tool and a workshop “Create your NFT” to allow anyone who wishes to create their first NFT in a few simple steps. For info and reservations visit the website https://my.lugano.ch/it/eventi.

The Mayor of the city of Lugano, Michele Foletti, declares:

“We have always followed the development of new technologies very closely and we have identified blockchain as a topic of great interest for both multinational and local companies, citizens and businesses. We believe that a city must be at the service of citizens and with these initiatives we intend to place Lugano as a top-level player on the international scene, for all applications related to this technology “.

Robert Bregy, Secretary-General of the City of Lugano:

The financial sector has always had a very close link with technology which has strengthened especially in this last period. In particular, since bitcoin and cryptocurrencies have become a concrete reality, we have discovered and learned about the potential of blockchain technology in many different sectors. And, from our privileged vantage point, it seemed right to us to chart the path of innovation in this direction and build a system that can support businesses and citizens, and become a pole of attraction at an international level.

Davide Baldi, CEO of Luxochain – interviewed following the announcement, comments: “we are honored to have contributed to the realization of this initiative, which contributes to the city plan to make Lugano a reference center of blockchain technology on the international scene”.

Media contacts
Davide Baldi
Davide.baldi@luxochain.io
+41 78 659 60 51

Logo – https://mma.prnewswire.com/media/1696940/City_of_Lugano_Logo.jpg

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/lugano-nft-week-lugano-is-becoming-a-blockchain–crypto-friendly-city-301432197.html

SOURCE Luxochain SA

Lugano is increasingly a Blockchain & Crypto-Friendly City. After the launch at the end of 2020 of the MyLugano app, the LVGA Points citizen payment token and the recent creation of 3Achain, the institutional blockchain promoted by the city, this time it is the turn of the NFTs with a review between art and technology entirely dedicated to the understanding of this emerging and extremely topical phenomenon.

Source: https://finance.yahoo.com/news/lugano-nft-week-lugano-becoming-080000376.html

Continue Reading

Blockchain

ETC Group announces new blockchain equity ETF with HANetf partnership

The group and white label issuer HANetf have announced their further partnership with the launch of the And so on Group Digital Property & Blockchain

Published

on

The group and white label issuer HANetf have announced their further partnership with the launch of the And so on Group Digital Property & Blockchain Equity UCITS ETF, a fund that specializes in tracking other crypto products.

According to the report, the new crypto-focused fund will offer digital assets and blockchain investment opportunities in various sectors. Investors who cannot trade digital assets directly or who do not want to hold non-UCITS assets might find the new ETF attractive.

And so on, Group and HANetf are major participants in the billion dollar BTCEtc – Etc Group’s physical Bitcoin (BTCE), currently the largest directly backed Bitcoin (BTC) ETP in the world. BTCE has an average daily trading volume of $ 26.3 million, more than seven times larger than the next highest competitor in the industry, according to a CryptoCompare report last month.

Investors can now take advantage of the partners’ latest offering to access digital infrastructure companies ready to take advantage of the blockchain revolution, such as mining companies, cryptocurrency mining, blockchain technology, cryptocurrency trading and exchange.

According to Bradley Duke of And many others, digital assets and blockchain have conquered almost every sector and industry in the world. He went on to say that:

“With more secure data, transparency, and efficiency, blockchain technology and distributed ledgers are transforming many industries, from banking and financial services to healthcare and life sciences.”

The ETF was one of the first European mutual funds to focus on digital assets or blockchain companies. The Bitcoin Invesco ETF (BITA) strategy, Very first Believe in Indxx ETF (LEGR LN) Trading and Innovation and VanEck Vectors Electronic Property Equity UCITS ETF are just a few of the other Bitcoin-focused ETFs available.

.

.

According to Bradley Duke of And many others, digital assets and blockchain have conquered almost every sector and industry in the world. He went on to say that:

Source: https://news.coincu.com/34928-etc-group-announces-new-blockchain-equity-etf-with-hanetf-partnership/

Continue Reading

Trending