Blockchain Payments Firm PayStand Raises $6 Million in Series A Funding

Blockchain, FinTech, Investing | November 17, 2017 By:

Blockchain payments-as-a-service platform PayStand has raised $6 million during its Series A funding round, led by BlueRun Ventures. Other investors include Cervin Ventures, Serra Ventures, TiE, and Capital for Founders.

PayStand will use the funding to scale its account receivable systems and launch new free accounts payable product line,


Indorse Teams with AppCoins to Allow Users to Verify App Ownership

Announcements, Blockchain, Innovation | November 17, 2017 By:

Singapore-based decentralized social network Indorse has teamed with AppCoins to allow its users to verify the ownership of any app on Aptoide App Store. The partnership will also allow Aptoide users to check an Indorse developer’s reputation.

Indorse, which has already worked with private and public institutions in Singapore as well as an education institutions,


IBM, Banks Complete PoC of Blockchain-Based Shared KYC

Announcements, Blockchain, Innovation | November 16, 2017 By:

Tech giant IBM has successfully completed the Phase I proof-of-concept (PoC) of its Shared Corporate Know-Your-Customer (KYC) project. The PoC was conducted in partnership with Deutsche Bank, HSBC, Mitsubishi UFJ Financial Group (MUFG) and the Treasuries of Cargill, IBM.

IBM said the PoC demonstrated how the blockchain-based IBM Shared KYC platform provides a secure,


Fujitsu Develops New Technology to Connect Multiple Blockchains

Announcements, Blockchain, Innovation | November 16, 2017 By:

Fujitsu Laboratories has developed an extension of smart contract technology that can safely execute exchanges and payments in different digital currencies.

Called ConnectionChain, the technology records the series of related transactions on each chain in a dedicated blockchain, or a “connection-type chain,” to link a cryptocurrency exchange into a single transaction process.


Project Ubin Releases Source-Codes of DLT Prototypes for Inter-Bank Payments

Announcements, Blockchain, FinTech, Group | November 15, 2017 By:

Project Ubin has released the source-codes on blockchain software prototypes for inter-bank payments for public access.

First unveiled in November 2016, Project Ubin is a collaborative project with the banking industry to explore the use of distributed ledger technology (DLT) for clearing and settlement of payments and securities.


European Financial Watchdog ESMA Warns ICO Investors, Companies

Announcements, ICO News, News, Regulation | November 14, 2017 By:

The European Securities and Markets Authority (ESMA), EU’s financial regulatory institution and European supervisory authority, is the latest financial regulator to issue a warning on initial coin offerings (ICO).

ESMA has released two statements, one on risks of ICOs for investors and one on the rules applicable to firms involved in ICOs.