Singaporean Gov’t Blockchain Platform Facilitates $15.7 Million in Fundraising

The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem.

In a press release shared with Cointelegraph on Dec. 2, Tribe Accelerator revealed that a total of $28 million had been raised to date to support start-ups from around the world attempting to solve real-world problems with blockchain technology. 

The first group of startups reportedly raised over $12.2 million within three months. Managing partner of Tribe Accelerator Ng Yi Ming commented:

“Another successful round of fundraising underscores the relevance of blockchain technology in solving real-world problems. Every idea or solution shared dur

IBM Files A Blockchain Patent For Fighting Package Theft By Drone

IBM has filed for a patent of a system that uses blockchain technology to prevent drone-enabled package theft.

According to a filing published by the United States Patent and Trademark Office (USPTO) on Nov. 12, IBM will track drone altitude using an Internet of Things (IoT) altimeter, while continuously uploading that data to a blockchain secure platform.

Drones might be a thief’s perfect tool

It might become ordinary for drones to be used f

Study: Blockchain Can Reduce Food Fraud By $31 Billion Within 5 Years

The food industry could save up to $31 billion in global fraud savings by tracking food on its way from farms to consumers via the blockchain.

A Nov. 25 study by Juniper Research reveals that blockchain technology, in combination with Internet of Things (IoT) sensors and trackers, will greatly reduce retailers’ costs by streamlining supply chains, while simplifying regulatory compliance, offering more efficient food recalls, and tackling fraud.

The study points out that the increased adoption of blockchain and IoT in the supply chain industry will add signif

Two European Salmon Producers Use IBM’s Blockchain Platform to Track Supply Chain

Salmon farming company Cermaq and smoked salmon producer Labeyrie began using IBM’s cloud blockchain technology to trace their product supply chains.

Cermaq announced the development in a Nov. 20 press release, revealing that it cooperated with Labeyrie and IBM’s blockchain platform IBM Food Trust to enab

Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

One of the bigger trends in enterprise software has been the emergence of startups building tools to make the benefits of artificial intelligence technology more accessible to non-tech companies. Today, one that has built a platform to apply power of machine learning and natural language processing to massive documents of unstructured data has closed a round of funding as it finds strong demand for its approach.

Eigen Technologies, a London-based startup whose machine learning engine helps banks and other businesses that need to extract information and insights from large and complex documents like contracts, is today announcing that it has raised $37 million in funding, a Series B that values the company at around $150 million – $180 million.

The round was led by <a class="crunchbase-link" href="https://crunchbase

Lithuania’s Central Bank Considering IBM for Its LBChain DLT Platform

Lithuania’s central bank, Bank of Lithuania, has selected technology behemoth IBM and IT services firm Tieto as the finalists contending to develop its blockchain platform.

Financial technology news outlet FintechFutures reported on the contest’s developments on Oct. 23. Per the report, both firms will test their platform and the winner will be selected later in 2019 as part of the project dubbed LBChain. 

The project’s manager at the Bank of Lithuania Andrius Adamonis commented:

“The final testing session will show which solution is most suitable

TBCASoft, IBM and SoftBank Announced a Mobile Payment Blockchain

Blockchain platform TBCASoft, technology behemoth IBM and telecommunications conglomerate SoftBank announced on Oct. 22 a collaboration to adopt a cross-carrier telecommunications blockchain payment solution.

New cross-carrier system

Per the release, the partnership aims to allow carriers to use blockchain through the Carrier Blockchain Study Group (CBSG) Consortium — founded by TBCASoft and SoftBank. TBCASoft reportedly already created a cross-carrier blockchain with 18 participants. 

The first application that CBSG intends to launch is the Cross-Carrier Payment System (CCPS), whic

Crypto News From the Spanish-Speaking World: Oct. 14–20 in Review

The Spanish-speaking world has seen another week of major cryptocurrency and blockchain developments with the Mexican government announcing a new alliance to support the development of blockchain initiatives.

Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español.

Mexican government announces an alliance to support local blockchain development

On Oct. 14, the Federal Ministry of Economy of Mexico and the Internet Association MX <a data-amp="https://www-google-com.cdn.ampproject.org/c/s/www.google.com/amp/s/es.cointelegraph.com/news/economy-and-aimx-will-promote-the-development-of-blockchain//amp&quot; href="https://www.google.com/amp/s/es.co

IBM Launches New Blockchain Supply Chain Product Using Red Hat Tech

Global tech giant IBM has launched a new integrated supply chain product based on IBM’s technologies including Watson AI and IBM Blockchain.

Hybrid-cloud integration

Called Sterling Supply Chain Suite, the new IBM’s product enables hybrid-cloud support of data integration between manufacturers, retailers and other network participants, purportedly providing greater reliability, transparency and security, the firm <a href="https://www.ibm.com/supply-chain/sterling?cm_mmc=Search_Google-_-Watson+Supply+Chain_Watson+Supply+Chain-_-WW_NA-_-%2Bsterling_b&cm_mmca1=000024DF&cm_mmca2=10008599&cm_mmca7=9001853&cm_mmca8=kwd-4709368949&cm_mmca9=EAIaIQobChMIkbfRyMiS5QIVBD0MCh2lqAZtEAAYASAAEgLh2PD_BwE&cm_mmca10=

Coffee Industry Taps IBM Blockchain Solution to Track Supply Chain

A group of global coffee companies aims to launch a blockchain platform to track coffee using an IBM-developed app by early 2020.

Building on IBM Food Trust Platform

Farmer Connect, a tech startup developing farm-to-client traceability tools, has teamed up with the world’s top coffee firms such as Jacobs Douwe Egberts (JDE) and Smucker to apply blockchain to coffee supply chain tracking using the IBM Food Trust Platform, the firm announced on Sep

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