Category: dlt

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Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks. Rostec Employs Distributed Ledger Technology to Substitute SWIFT Russian state-owned corporation Rostec has built a…
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UN agency head sees ‘massive opportunities’ in crypto: WEF 2022

“Crypto is just another technology, it’s a matter of how is it being used. It can be used for good or for bad. From where we sit, we see massive opportunities,” says the director of the UNICC. The United Nations is smitten with distributed ledger technology (DLT). In a conversation with Cointelegraph at WEF 2022,…
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SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection

SWIFT, the interbank payments protocol and messaging system, has announced it is working to connect the different central bank digital currency (CBDC) protocols in development today. The company has partnered with Capgemini, a digital services provider, making a series of experiments to ensure that the new set of CBDCs have cross-border payments and remittance capabilities.…
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Indian central securities depository to back up its monitoring of bonds by blockchain

In the future, India’s NDSL and the Securities Board division will welcome other entities to join the decentralized network. The National Securities Depository (NSDL), India’s central securities depository based in Mumbai, launched blockchain-based security and covenant monitoring platform.  NSDL officially launched the distributed ledger technology (DLT) platform on Saturday, May 7, during its 25th anniversary presentation,…
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Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles

Blockchain and virtual currencies are set to become vital part of the Argentine capital’s 12-step digital transformation effort. The capital of Argentina and an agglomeration with more than 12 million citizens, Buenos Aires will make blockchain a vital part of its digitalization drive. Specifically, the city will accept public financial transactions in crypto.  As city…
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National Assembly of Panama Advances Discussion of Cryptocurrency Law Project

The National Assembly of Panama has advanced a cryptocurrency law project that seeks to regulate cryptocurrency activity to give more clarity to the sector in the country. The proposal, which was approved in the first discussion, was composed of two different projects presented to the economic affairs commission of the Assembly. Panama Moves to…
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Blockchain in the EU healthcare report: 6 key takeaways

The EU Blockchain Observatory envisions distributed ledger technology delivering the Healthcare 4.0-era. The EU Blockchain Observatory published its fifth report under the headline “Blockchain Applications in the Healthcare Sector.” The document highlights the importance of distributed ledger technology for the European healthcare sector, which faces a number of challenges on its route to the “Healthcare…
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Applied Blockchain Inc files for $60M IPO

The application awaits approval from the United States financial regulatory body, SEC UK-based blockchain infrastructure firm Applied Blockchain has filed an initial public offering (IPO) application on Apr. 8 to the United States Securities and Exchange Commission to issue 3,236,245 shares of common stock onto the Nasdaq Global Select Market with the ticker symbol APLD.…
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Crypto adds efficiency to global trade and financing, says Bequant exec

Martha Reyes, head of research for Bequant, says that tokenizing trade finance assets can facilitate access to capital for SMEs. Global trade and financing suffer from inefficiencies because of traditional infrastructures. However, according to Martha Reyes, the head of research at Bequant, crypto can fix this issue. In an interview with Cointelegraph, Reyes shared her…
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From DeFi year to decade: Is mass adoption here? Experts Answer, Part 3

Decentralized technologies’ insiders shared their views on DeFi and the role, achievements and challenges the space faced in 2021. Tristan Frizza of Zeta Markets: Tristan is the core contributor to Zeta Markets, an under-collateralized DeFi derivatives platform, providing liquid derivatives trading to individuals and institutions alike. “We’ve seen a Cambrian explosion in the DeFi ecosystem…
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