Blockchain – The AltcoinBeacon

Merkle Tech to launch new blockchain tech to improve interoperability

Merkle Tech to launch new blockchain tech to improve interoperability

Merkle Technologies is reportedly planning to introduce a ground-breaking technology that is expected to enhance interoperability between existing blockchains like Bitcoin, Binance Smart Chain, and Ethereum.

For the uninitiated, interoperability is known as the ability of the ledgers to communicate with each other, thus eliminating the need to depend on a single ledger. This technology also enhances the verification process and provides an efficient environment that offers security, compatibility and scalability. It also enables users to transfer assets from other blockchains to the chain and vice versa.

Speaking on this revolutionary t

Nokia unveils Nokia Data Marketplace to support data monetization

Nokia unveils Nokia Data Marketplace to support data monetization

Finnish multinational technology company- Nokia has reportedly unveiled- Nokia Data Marketplace as-a-service to allow secured sharing of AI models and data, allowing digital transformation for companies. Notably, with an increase in data volumes, machine learning and artificial intelligence have become extremely integral to business decision making.

Nokia Data Marketplace has been created to assist entities and communication service providers or CSPs use their data for key decision making, by facilitating real-time access to various trusted datasets.

For the record, the novel services allow CSPs and entities to become a data marketplace

NEO terms StackOS as decentralized cloud provider for its entire ecosystem

NEO terms StackOS as decentralized cloud provider for its entire ecosystem
  • Neo and StackOS struck a deal for decentralized cloud
  • $tack has increased its market cap just under $10 million
  • Community developers can use applications in minutes of the decentralized cloud

NEO Ecosystem has joined forces with a decentralized cloud service provider StackOS. The latter is all but likely to play an invaluable role during the Neo Hackathon—slated to start in mid-May. Bursting into the scene a little more than a week ago, $tack has increased its market cap just under $10 million.

Paxos secures $300 million to expand its operations and offerings

Paxos secures $300 million to expand its operations and offerings

A PayPal crypto partner, Paxos, has recently unveiled raising $300 million funding in Series D financing round; one of the largest fundraising ever amongst cryptocurrency and blockchain startups.

The Series D financing round was led by Oak HC/FT, with participation from previous investors including PayPal Ventures, Liberty City ventures, and Declaration Partners, amongst others. Apparently, the latest investment round values the company at $2.4 billion and brings its total capital raised to more than $500 million.

Reports suggest that the announcement comes just after Paxos’ Series C funding round of December 2020, wherein the fir

Helium teams up with FreedomFi to launch a 5G version of its network

Helium teams up with FreedomFi to launch a 5G version of its network

Helium, a platform that utilizes tokens and blockchains to incentivize consumers and small enterprises while running commercial telecommunications hubs, is reportedly launching a 5G version of its renowned network. 

Helium has teamed up with FreedomFi, a company that is known to providing the easiest way towards 5G or private LTE networks. This alliance will support clients who intend to introduce next-gen wireless networks using their mini cellular towers.

According to Helium’s CEO Amir Haleem, the partnership with FreedomFi has provided the company with numerous opportunities to develop a 5G LTE network in which every house

Piper Alderman executes blockchain-based payment guarantee, Lygon

Piper Alderman executes blockchain-based payment guarantee, Lygon

Piper Alderman, a leading advisory service provider, has become the 1st legal firm in Australia to execute a blockchain-based platform, Lygon, that streamlines paper-based payment guarantees. This commercial contract will enable the firm to witness high efficiency and security over guarantees.

Piper Alderman’s partner, Michael Bacina has shown excitement towards playing a role in modernizing and transforming the legal practice. He stated that there has been a gradual transformation of the distributed ledger technology.

Over the past years, paper-based payment guarantees have been suffering from risks and inefficiencies,

Klaytn partners with ConsenSys, advancing digital currency efforts

Klaytn partners with ConsenSys, advancing digital currency efforts

The global public blockchain project Klaytn, launched by Korean internet giant Kakao, has reportedly announced that it is inking a strategic partnership deal with a market leading Ethereum software company, ConsenSys, to advance the integrated digital currency efforts of Klaytn.

As part of this technological collaboration, both ConsenSys and Klaytn would work to enhance the performance of the Klaytn, a hard-forked public network, developing a private version of it with certain top features. These features include interoperability to bridge numerous blockchains, scalability layer 2 solution to serve a lot of users without having to compromise on speed. Lastly, privacy to re

Digital Asset raises $120 million funding to expand product portfolio

Digital Asset raises $120 million funding to expand product portfolio

Digital Asset- a blockchain-led application development platform has reportedly secured USD 120 million in Series D funding from 7Ridge and Eldridge. Notably, the company aims at using the raised funds to expand its team and its product portfolio with a protocol that allows data interface across databases and blockchains.

The company was established in the year 2014 by Don Wilson, Shaul Kfir, Eric Saraniecki, and Sunil Hirani and its flagship product includes a distributed ledger technology for banks and other financial institutions, insurance providers, and healthcare units.

Seemingly, Digital Asset believes that blockchain can help ch

Tata Steel obtains blockchain-based steel export order from UAE

Tata Steel obtains blockchain-based steel export order from UAE

Indian multinational steel producing company- Tata Steel Ltd. has reportedly announced that it has received a ‘blockchain-enabled transaction’ from a UAE-headquartered company for a steel export order, making it the first for any steel company across the globe.

In an official press release, Tata Steel and banking giant- HSBC executed the blockchain-based transaction on Contour's blockchain platform. In addition to the above, the live trade finance deal comprised of the export of steel by Tata Steel, India to Universal Tube and Plastic Industries in UAE.  

According to a statement by Peeyush Gupta, Vice President of