Entre launches on DeSo blockchain as web3 LinkedIn competitor

Entre, which describes itself as decentralised web3 LinkedIn competitor, has launched on the DeSo blockchain.

Michael Marra, the app’s founder, describes it as “a web3 professional network designed to help people connect and work in the web3 world”.

Whereas on LinkedIn one can post content with the end goal of building opportunities, on Entre users can cultivate opportunities and earn from their content right away.

With web3 jobs in high demand from both...

Terra buys another 4,550 Bitcoin worth over $206M

Blockchain project Terra continues to amass Bitcoin by taking another 4,550 off the market, worth over $206 million.

Terra has been following a number of companies – including MicroStrategy, Tesla, Square, and others – in adding Bitcoin to its reserves.

Do Kwon, CEO of Terraform Labs, has said his ultimate aim is to have Terra’s reserves of Bitcoin rival that of Satoshi Nakomoto...

PayPal forms advisory council of leading experts on blockchain and crypto

PayPal Logo

Payments giant PayPal has formed a cross-disciplinary team of industry experts as part of its new advisory council on blockchain, crypto, and digital currencies.

The move comes as part of the company’s ambitions to lead the way towards a more affordable and efficient digital financial system through blockchain technologies.

Made up of six experts from across the cryptocurrency, technology, and economics industries, the Blockchain, Crypto, and Digital Currencies (BCDC)...

NatWest Markets establishes new blockchain team

Teamwork

NatWest has created a new digital team within its capital markets business to upscale its blockchain strategy.

Leading the team will be Chris Agathangelou, who was recently appointed as NatWest’s head of digital capital markets.

The team will focus on delivering credit and rates products to issuers and investors through digital channels and currencies that are underpinned by distributed ledger technology.

With financial markets increasingly embracing...

Polkadot network launches parachain functionality

Parallel Lines

Polkadot, a network protocol for connecting multiple blockchains, has launched its first five parachains, individual blockchain networks running in parallel to create an interoperable ecosystem.

The five parachains that went live this weekend – Acala, Astar, Clover, Moonbeam, and Parallel Finance – were chosen following successful crowdfunded auctions and focus on topics from decentralised finance (DeFi) to investments and loans.

In total, the five projects raised...

Blockchain Association boosts lobbying power with $4m funding injection

Capitol Building

The Blockchain Association, a lobbying group for improving public policy towards crypto and decentralised ledgers, has raised $4 million (£2.97m) in new funding.

A decentralised web advocate group, the Filecoin Foundation, provided half the funding with the promise of an additional $2 million (£1.49m) if the Blockchain Association can match it through outside funding.

Crypto exchange Kraken and Digital Currency Group – the parent company of CoinDesk – contributed...

Michael Jackson, Concordium: Bringing blockchain to traditional finance

Michael Jackson

“We’re trying to shoehorn permissionless technology into extremely permissioned environments,” reveals Michael Jackson, advisor to Concordium and former COO of Skype.

Jackson’s take is a breath of fresh air in a blockchain industry that has become bogged down in use cases that are struggling to find their feet. For years, the ideas of supply chain ledger technologies and pharmaceutical blockchains have sat stagnant in the water waiting to be realised.

As the...

Leaders in financial services gaining faith in blockchain

Financial Data Analytics

Most financial services leaders now see blockchain as an important source of competitive advantage, according to Deloitte’s ‘2021 Global Blockchain Survey’.

In its poll of 1,280 senior executives and practitioners, the survey found that 77% said their organisations would lose opportunities for competitive advantage if they did not adopt blockchain or digital assets into their business strategy.

Similarly, 80% of leaders believed their industry will see new revenue...

Telefónica Tech launch document verification service using blockchain

Person signing document

Telefónica Tech, the Madrid-based telecoms company behind O2 and Vivo, has launched its own blockchain-based document certification service.

The new service utilises Telefónica’s in-house TrustOS platform to generate certificates that combine the digital signature of the user with a trace of the content to be certified, alongside a time stamp to establish the date of certification.

It will allow companies to generate digital evidence of authorship, ownership, and...

Australia and Singapore successfully trial cross-border trade project

Koala Bear, Australia

The Australian Border Force (ABF) has completed a trial testing the interoperability of its blockchain-based verification system with its Singaporean counterpart.

Working alongside Singapore Customs and the Infocomm Media Development Authority of Singapore (IMDA), the ABF has concluded a trial that proves trade documents can be digitally issued and verified across both countries’ systems.

The trial, which was initiated as part of the Australia-Singapore Digital Economy...