Yesterday the blockchain trade platform TradeLens announced that Citi piloted a paperless trade transaction for client Syngenta Bangladesh. Agrochemicals were imported to Bangladesh from India with an electronic bill of lading (eBL) used to support the Letter of Credit for trade finance. TradeLens is the blockchain network founded by IBM and a Maersk subsidiary and the TradeLens eBL is
By now, we're all familiar with the term "metaverse." Some believe the term is an immersive virtual reality where we escape the "real world," moving through virtual environments with ease and access. Others believe in the "real-world metaverse" where utility is paramount and where digital information will be layered on top of our physical context.
The sustainability movement has emerged as a 21st century megatrend, and it shows no signs of abating. Record heat in Europe, wildfires in the U.S. West, floods in Pakistan, drought in China, and accelerating ice cap melt in Greenland and Antarctica have driven home to many the looming threat of climate change. Meanwhile, the New
After pushing augmented reality (AR) glasses to businesses for years, Lenovo will finally sell AR glasses for consumers, the company announced today—and I briefly got to demo the lightweight Lenovo Glasses T1. With their Micro OLED displays and required tether to Windows, macOS, Android, or iOS devices, they bring some notable features to a space that
The best NFT projects have a few things in common, like creativity, appeal to a clear audience and value beyond the price, experts say. To be successful, brands need to attract the web3 community to their NFTs, but they shouldn't forget their existing core customers either. Projects that come off as a quick cash grab
Ethereum is a technology platform that is being built for the long term. It is the foundation on which the future of the internet (Web3), and the future of finance (DeFi) is being built. Over the last two years, the network saw skyrocketing figures for adoption and utilization—strong signals for network maturity. Today, more than
Yat Siu, the cofounder and chairman of Animoca Brands, believes the transition to Web3, the next generation of the internet, will happen sooner than many people think. “Within the next 18 months or so, we expect hundreds of millions of new entrants into the open metaverse because the quality of open metaverse products, such as new
As reported by Bloomberg, citing a post from the body, the payment enhancement will be in collaboration with Symbiont Inc, a blockchain startup with innovative fintech solutions. The SWIFT blockchain pursuit will be used to create “efficiencies in communicating significant corporate events,” like dividend payments and mergers, SWIFT said in its post. SWIFT presents one of the
When non-fungible tokens (a.k.a. NFTs ) — essentially certificates for digital or physical assets — first launched, big brands stayed pat. They didn't launch their own, entertain the then-trend (now full-blown industry) or rush to retrofit prior releases with crypto perks. Folks knew there would one day be a Nike NFT, but when Nike first showed hesitancy, many
While State Street’s digital arm is working on the ability to custody cryptoassets by the end of the year, tokenization remains a top focus for the business going forward as institutions continue to show interest in the segment. Using distributed ledger technology to tokenize funds and private assets, for example, to improve efficiency and accessibility
