March 31, 2023

Cryptodolina comes to the Middle East and other initiatives to introduce blockchain technology

The world's largest companies continue to explore the potential of blockchain technology, which offers the most diverse application scenarios. An overview of the most interesting and significant initiatives that became known this week in our traditional Saturday material.

Dubai will have the world's largest cryptography, blockchain and distributed ledger technology platform

DMCC, a leading international free zoneCommerce and its authorized body for managing trade in goods and business, announced a strategic partnership with Swiss CV VC and CV Labs to create Crypto Valley (the Cryptocurrency Valley), the world's largest platform for the development of cryptography technology, blockchain and distributed registries.

Agreement signed during the WorldThe Davos Economic Forum envisions collaboration between DMCC, CV VC and its subsidiary, CV Labs, to form an ecosystem in the DMCC business district, Jumeirah Lake Towers (JLT), where over 17,000 companies are currently registered.

The DMCC Crypto Valley project is focused onstimulating the development, cooperation and structural integrity of the global blockchain economy and will provide a wide range of services, including incubating startups in the early stages of development, co-working spaces, innovative services for corporate clients, training in the basics of blockchain and entrepreneurship, educational programs, organizing events, mentoring and financing.

“We are pleased to expand our presence in the region withan influential partner like DMCC. In my deep conviction, the competence of companies based in Crypto Valley will provide powerful support for the ambitious goals and strategies for using the blockchain both in Dubai and far beyond its borders! ”- said the founder of CV VC and CV Labs Ralph Glabischnig.

In addition, he announced plans to attractto the project of leading partners of CV VC represented by CoreLedger, inacta, Lykke, Tezos, as well as other companies that are already operating in this region.

ConsenSys will develop a blockchain platform for the agricultural industry

ConsenSys has become a major partnerCovantis initiative, created by leading agricultural holdings to digitalize post-trade workflows and ensure efficiency and cost savings when working with international supply chains. h

As part of the initiative, ConsenSys will createspecialized platform, the launch of which may take place this year. Its initial goal will be to accelerate the processing of post-trading operations with grain and vegetable oil.

Note that the platform will be based on Quorum technology, a private version of the Ethereum blockchain developed by the financial holding JPMorgan.

The initiative includes large agricultural holdings such as Cargill, Archer Daniels Midland (ADM) Company, Bunge and Louis Dreyfus Company.

PlanetWatch uses Algorand blockchain system to control air quality

PlanetWatch is testing devices to monitor air quality and obtain accurate weather data stored on the Algorand blockchain.

The initiative is implemented as part of the program.European Laboratory for Nuclear Research (CERN), aimed at improving the process of monitoring air quality and solving the problem of environmental pollution in large cities.

Devices are stationary sensors installed on homes, or mobile devices that can be carried with you or, for example, fixed on public transport.

The received data is downloaded to the system in the modereal time, and after verification are stored in the blockchain and are in the public domain. The system is already being tested in several Italian cities, and long-term trials are also being conducted in the Arctic. For the collection and provision of data, sensor owners receive PLANET tokens.

As Parinello said, PlanetWatch CEOthe missing link to ensure quality control of air quality is a dense and inexpensive network of sensor devices that offers real-time data access. It is this problem that Algorand technology is designed to solve.

Mastercard and Mitsubishi join Singapore-supported alliance to digitize trade operations

Singapore government along with some of the largestglobal financial, technology and manufacturing companies have formed an alliance to facilitate the introduction of digital technology in trade and commerce. Among its participants are the International Chamber of Commerce (ICC), Standard Chartered, Mastercard, Mitsubishi Corporation, DBS Bank, Tokio Marine and Marubeni Corporation

New Partnership Announced at Worldeconomic forum in Davos and is part of the ICC TradeFlow Alliance, which uses the TradeTrust digital trading platform created by Singapore-based blockchain company Perlin. The goal of the initiative is the transition from paperwork to digitizing all trading processes, which will reduce time and maintenance costs, as well as the number of cases of fraud and human errors.

The Singapore government will work to implement the TradeTrust platform through local government initiatives and agencies - the Infocomm Media Development Authority and Enterprise Singapore.

The ICC TradeFlow pilot project has reduced the time for conducting trade transactions by more than half - from 45 to 20 days. The ultimate goal of the initiative is the implementation of such transactions in less than a day.

EMURGO Group will help the Uzbek authorities to develop regulation for security tokens

This week official commercialCardano's EMURGO Group announced the creation of a “blockchain task force” in conjunction with the National Project Management Agency (NAPU) of Uzbekistan, the Kobea Group and Infinity Blockchain Holdings.

As part of the partnership, EMURGO will help develop a regulatory framework for tokenized securities offerings (STOs) and further trade in security tokens in Central Asia.

In addition, EMURGO and the Kobea Groupwill advise NAPU on issues of digital asset trading, blockchain education and banking services. NAPU believes that the tokenization of traditional stocks through STO will make the country's financial sector more secure and transparent.

In addition, Emurgo will study howin the country, you can use the Cardano blockchain and how to integrate the educational platform on the blockchain in state universities of Uzbekistan to train specialists in the field of blockchain.

“Uzbekistan is more than ever ready to accept innovation. We are pleased to provide advisory services to the Government of Uzbekistan, to provide educational and academic services at universities in the country and to support the development of future specialists to build blockchain infrastructure, ” - stated CEO EMURGO Ken Kodama.