Dubai Customs launches blockchain platform to bolster smart city ambition

From smart city to blockchain pioneer: Dubai's latest trade initiative

Dubai Customs has launched its own blockchain platform to improve clearance procedures by providing a more comfortable and easy way for shipping operations across Dubai and its borders.

This program, unveiled on July 8, 2024, is a key pillar in Dubai's intention to become one of the leading 'smart' cities, as reported by the Dubai Media Office.

Ahmed bin Sulayem, chairman of the Ports, Customs, and Free Zone Corporation, said: "This innovation reflects our vision to make...

Italian banks explore dual models of wholesale CBDC

Italian banks explore dual models of wholesale CBDC

The Italian Banking Association's trial of a wholesale Central Bank digital currency (wCBDC) has been declared a success.

The initiative, known as Project Leonidas, was part of the Bank of Italy's sandbox program. The primary benefits identified were atomic transactions, enhanced transparency, and improved information traceability.

These tests were expected to take place by 2023, according to the Eurosystem announcement for the wholesale DLT trials with central bank...

Blockchain firm Ripple expands APAC presence with Japan and Korea fund

Blockchain firm Ripple expands APAC presence with Japan and Korea fund

Blockchain firm Ripple has launched a dedicated Japan and Korea fund, aimed at driving innovation and fostering growth on the XRP Ledger as it continues to expand its presence in the Asia-Pacific region.

The XRP Ledger is an open-source, public blockchain designed for corporate use, powering the XRP cryptocurrency. Ripple leverages blockchain technology and XRP to facilitate real-time, cross-border payments.

An official statement from Ripple claims that the funds will be...

Tokenovate collaborates with Land Carbon to design tokenised high integrity carbon credits

Tokenovate, a trading lifecycle management platform company, has collaborated with Land Carbon, a UK developer representing multiple peatland carbon management project owners.

This project exemplifies Tokenovate's strategic focus on the carbon credit space with respect to streamlining and optimising the end-to-end carbon credit transaction lifecycle, including asset creation, tokenisation, custody and trading. Specifically, the collaboration will seek to enhance the value of...

Proofworks launches to unlock a new era of digital transformation in the spirits industry

London-based Proofworks has been launched with a proprietary SaaS solution to digitalise the entire spirits supply chain, from production, maturation and bottling, to customer engagement and digital ownership.

Combining user-friendly solutions with the latest in powerful Web3 technologies, the Proofworks platform aims to surface previously unseen data and insights, allowing for optimisation and transparency at every stage of the product journey.

This is a key time for...

Eesee implements Blockpass for compliance in digital assets marketplace

Eesee, the next-gen digital asset trading platform, are proud to announce their new partnership which will see eesee has selected compliance solution provider Blockpass to provide enterprise-grade for KYC, AML and other regulatory compliance measures.

The platform eesee is a gamified digital asset marketplace designed to accelerate sales, improve liquidity, reduce costs and nurture a vibrant community which will empower users with opportunities that they previously could not...

Coincover launches Protected Co-Signing for ultimate transaction protection

Coincover, a blockchain protection company, has launched its Protected co-signing product to further reduce the risk in digital asset transactions.  

The new service adds an additional layer of protection onto the existing co-signing model within digital asset custody. While the emergence of multi-sig wallets allowed different parties to share custody and reduce risk of loss from disaster scenarios, the addition of Coincover’s proprietary technology into the co-signing model...

Foxtons first estate agent to digitise lettings & sales

London's largest lettings and sales estate agent brand, Foxtons, claims to have become the first estate agent to completely digitise the home selling process, thanks to the launch of its latest partnership with innovative consumer app Home and Coadjute. 

It has been a busy few years for Foxtons since Guy Gittins returned to the company as CEO, helping the firm to regain its position within the market as London’s number one estate agency brand*, not to mention the UK’s fastest...

Kyriba unveils ‘first of its kind’ innovation with Onyx by J.P. Morgan

 Kyriba, a specialist in liquidity performance, announced what it describes as a "first of its kind innovation" with Onyx, J.P. Morgan’s blockchain business unit, to improve cash management, payments and liquidity performance for CFOs and Treasurers.

Furthermore, a new partnership with Workday, Inc. will fully embed bank reporting and bank payment connectivity for Workday Financial Management to help Workday customers achieve greater banking agility.

Ara Gopal,...

Archblock launches new fiat-backed stablecoin

Archblock Stablecoins has launched 1USD, a new fiat-backed stablecoin anchored to the US Dollar.

The company said the stablecoin stands as a testament to its own technology, which it claimed is revolutionising the exchange medium, offering frictionless and secure transactions across borders and empowering seamless global commerce. Renaissance Ambition AG, a subsidiary of Archblock, is the issuer of 1USD and the stablecoin will initially be available on Ethereum...