Ferrari on the blockchain, tokens for fans of Paris Saint-Germain and other initiatives

Distributed ledger technology remains one of the hottest trends among financial,government and commercial organizations worldwide. ForkLog Magazine offers an overview of the most interesting initiatives of the past week.

CurioInvest and MERJ exchange join forces to tokenize luxury cars

The CurioInvest investment platform has partnered with the MERJ Digital Assets Exchange as part of a project to tokenize rare luxury cars, Bloomberg reports.

CT1 Coins Listed as LicensedSeychelles stock exchange MERJ, specializing in digital assets with characteristics of securities. In total, it is planned to tokenize 500 collectible cars worth more than $ 200 million.

On the CurioInvest website, it is reported that one of the first will be tokenized by Ferrari F12tdf, whose price is about $ 1.1 million. Companies plan to sell CT1 tokens for $ 1.

Ferrari F12tdf

“Perhaps there is a guy from Uganda who caninvest in a rare car located in Stuttgart, tokenized by a company from Liechtenstein. All this is consistent with applicable laws and regulations. ”“- MERJ Digital Strategy Manager Jim Needham said.

According to consulting firm Knight Frank, with2007 to 2017, vintage cars went up by 330% - the rate of return on investment surpasses traditional financial instruments like stocks and bonds.

Paris Saint-Germain Football Club to issue a token for football fans

The French football club Paris Saint-Germain (PSG) will issue a token that allows fans to vote through the Socios application for various decisions affecting the development of FC.

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Initially, 20 million PSG tokens will be issued,The coin will cost £ 1.69. PSG contract with Socios managing company Chiliz.net was signed for 5 years, during which FC plans to earn more than £ 2 annually.

PSG coins give their holders the right to vote,for example, for holding friendly matches or choosing a form design. Club management is confident that such digital assets will increase the involvement of fans in the life of their club.

Startup SettleMent raised $ 2 million for the global expansion of the corporate blockchain platform

SettleMent, a Belgian blockchain startup, raised € 1.9 million (~ $ 2 million) in a new round of financing.

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The round was attended by KPN Ventures and MediciVentures The total amount of financing received by the company has reached so far € 5.5 million (~ $ 6.06 million). The funds raised will be used primarily to expand the geography of services.

SettleMint is developing a scalable low-code infrastructure platform focused on enterprise users.

“The platform solves problems for organizations that implement blockchain user cases, but are limited by little experience using this technology”, - representatives of KPN Ventures declared.

Mercedes Benz and Circulor use blockchain to track carbon emissions

Car giant Mercedes Benz and blockchain startup Circulor have launched a pilot project to track carbon emissions in cobalt supply chains. This was reported in a press release.

The project will track the processes in the supply chain of cobalt used in the creation of lithium-ion batteries, estimate carbon emissions and the amount of recycled material.

The auto giant plans to use the obtained data in the process of developing a new line of cars with a zero carbon emission balance.

This week we also reported:

• The National Bank of Cambodia will launch a blockchain platform for money transfers;
• In Ukraine, they created a blockchain based on domestic cryptography with high post-quantum durability;
• Hyperledger released version 2.0 of the Fabric blockchain platform;
• In China, disclosed the details of the issuance and circulation of the digital renminbi;
• The Bank of Japan will consider issuing its own digital currency;
• Saudi Aramco invested $ 5 million in the Vakt blockchain platform;
• Rostec will drastically reduce funding for blockchain developments in the Russian Federation.