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 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.
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
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.
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
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
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.
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