Connect with us

Blockchain

VeChain Introduced New Blockchain-Enabled Sustainability Solution

Avatar

Published

on

ADVERTISEMENT

VeChain introduced a new blockchain-enabled sustainability solution to power the “Green Business” for enterprises as the consumer behavior shift towards sustainable products as we are reading more in the VechainThor news.

The consumers are shifting towards sustainable products because of climate change and companies are also looking to integrate a sustainable approach to their business. The market-leaders such as Adidas, Nike, Amazon, and H&M are placing sustainability as the first choice of global product and marketing strategies.

To help the companies boost efficiency for sustainable business practices, Vechain introduced a new blockchain-enabled solution that will lead enterprise-friendly blockchain platforms, which is built on the one-stop data Blockchain as-a-service platform VechainToolChain. The research by the World Economic Forum showed that the risks for companies will grow because of both the direct impacts of climate change on business operations and supply chains as there are corresponding demands for transparency on sustainable activities.

vechain toolchain

ADVERTISEMENT

In the meantime, most of the customers are demanding more products that will be sustainable from brands that show a strong willingness to change their purchasing habits to reduce the negative impact on the environment. These customers are included to purchase products that have a clearly defined sustainability policy. VeChain’s Blockchain-enabled sustainability Solution aims to create a value-driven approach for businesses so streamline sustainable practices during the manufacturing process. Blockchain technology is allowing businesses to showcase their sustainable practices for customers and regulators as well.

The Vechain Blockchain sustainability solution is created on the blockchain-as-a-service platform Vechain ToolChain which is characterized by standardization, flexible payments, and light costs. Vechain ToolChain offers tools and Whitelabel services where most companies can implement their services for the clients. This solution offers:

  • Immutable proof for the green supply chain as it provides proven templates for blockchain data processing which cover key stages such as processing, reusing, inspection, and recycling. Brands and retailers can also track their goods easily across the globe.
  • The solution ensures that all data will be trustworthy, immutable, and consistent. This will reduce the friction from discrepant information and will enable collaborations in a cost-effective way.
  • The transparency by blockchain could also re-engineer sustainable processes by combining digital-based services with field activities. The brands can show sustainable initiatives in the public or to the regulators and then they can enhance trust and brand image.

vechain pairs, adil, iot, blockchain

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/vechain-news/vechain-introduced-new-blockchain-enabled-sustainability-solution/

Blockchain

The Changes Continue: Facebook’s Libra Has Been Rebranded To Diem

Avatar

Published

on

  • Facebook shook the world last year after announcing plans to introduce a “single global digital currency” dubbed Libra. However, the social media giant’s efforts were quickly scalded by global regulators as the project received massive blowback.
  • Facebook didn’t give up on its idea. Instead, the company decided to rebrand its two main products. Firstly, the Calibra wallet became Novi, and today, Reuters reported that the Libra name had been changed to Diem (meaning ‘day’ in Latin.) 
  • Stuart Levey, CEO of the Geneva-based Diem Association behind the digital coin, confirmed that the name change comes as a direct consequence of the regulatory hurdles. He noted that “the original name was tied to an early iteration of the project that received a difficult reception from regulators. We have dramatically changed that proposition.”
  • The Diem currency would operate as a signal dollar-backed digital coin. Although Levey failed to specify the timing of the launch, recent reports suggested that it may arrive as early as January 2021. 
  • Levey further explained that the Novi team has already begun building a digital wallet that will eventually hold Diem coins. Apart from waiting for approval from Swiss regulators to launch, the Diem Network is also in talks with US federal and state watchdogs. However, Levey didn’t disclose the nature of those negotiations. 
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/the-changes-continue-facebooks-libra-has-been-rebranded-to-diem/

Continue Reading

Blockchain

Facebook’s Libra Renamed ‘Diem’ Amid Plans for Stablecoin Launch 2021

Since its announcement in mid-2019, regulators have railed against Libra, arguing that the project could upend global monetary policy control protocols. Indeed, Libra’s emergence likely provided the catalyst for more serious considerations surrounding central bank digital currencies (CBDCs). Libra Looking to Please Regulators With Name Change According to Reuters, the Libra project is rebranding itself … Continued

The post Facebook’s Libra Renamed ‘Diem’ Amid Plans for Stablecoin Launch 2021 appeared first on BeInCrypto.

Avatar

Published

on

Libra, the Facebook-backed digital currency is undergoing another rebranding phase in a bid to smoothen lingering regulatory wrinkles.

Since its announcement in mid-2019, regulators have railed against Libra, arguing that the project could upend global monetary policy control protocols.

Indeed, Libra’s emergence likely provided the catalyst for more serious considerations surrounding central bank digital currencies (CBDCs).

Libra Looking to Please Regulators With Name Change

According to Reuters, the Libra project is rebranding itself by changing its name to “Diem,” the Latin word for “day.” Thus, the Swiss-based Libra Association will now be known as the Diem Association.

Commenting on the name change, Diem Association CEO Stuart Levy remarked that the move is part of the project’s efforts to simplify its objectives for regulators, adding:

“The original name was tied to an early iteration of the project that received a difficult reception from regulators. We have dramatically changed that proposition.”

Indeed, the Diem project has undergone significant changes following widespread pushback from regulators across the globe. From a “Facebook coin” backed by a basket of fiat currencies, Diem will instead issue individual stablecoin species, each pegged to a specific national fiat.

As previously reported by BeInCrypto, Diem is looking to launch one of its coins (a dollar-pegged token) in Jan. 2021.

However, this plan is contingent on receiving regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA). Diem previously applied for a FINMA payments license back in Sept. 2019.

The Diem name change is the second of such actions for the project. Back in May, Facebook renamed its Calibra wallet to Novi.

Regulators Firmly Against Private Stablecoins

According to Levi, Diem is not cutting ties with Facebook despite the name change. Facebook’s association with the project remains one of the major reasons for the regulatory backlash targeted at Diem.

In a recent article, Christine Lagarde, President of the European Central Bank (ECB) doubled down on the perceived dangers of big tech-led payment projects. According to the ECB head, private stablecoins pose greater risks to financial stability than Bitcoin (BTC).

Lagarde, like other members of the mainstream financial establishment, says CBDCs are a viable countermeasure against private stablecoin projects like Diem. Apart from creating CBDCs, regulators are also proposing stricter regulations for stablecoins.

Share Article

Osato is a reporter at BeInCrypto and Bitcoin believer based in Lagos, Nigeria. When not immersed in the daily happenings in the crypto scene, he can be found watching historical documentaries or trying to beat his Scrabble high score.

Follow Author

Source: https://beincrypto.com/facebooks-libra-renamed-diem-amid-plans-for-stablecoin-launch-2021/

Continue Reading

Blockchain

FC Internazionale Milano is Newest Serie A Club to Go Blockchain With Fantasy Football Game Sorare

Sorare created a marketplace to trade blockchain collectibles which provides a new revenue stream for 100+ football clubs, generating $1,000,000 in card sales per month. Inter Milan is the 5th Serie A football club to join Sorare alongside important Italian clubs such as Juventus, Lazio, Roma, and Napoli. Italy ranks #2 in terms of time … Continued

The post FC Internazionale Milano is Newest Serie A Club to Go Blockchain With Fantasy Football Game Sorare appeared first on BeInCrypto.

Avatar

Published

on

  • Sorare created a marketplace to trade blockchain collectibles which provides a new revenue stream for 100+ football clubs, generating $1,000,000 in card sales per month.
  • Inter Milan is the 5th Serie A football club to join Sorare alongside important Italian clubs such as Juventus, Lazio, Roma, and Napoli.
  • Italy ranks #2 in terms of time spent on the Sorare platform (1H25 per day), and #4 in terms of number of users with a 36% month on month growth, a reflection of the country’s appetite for fantasy football (called Fantacalcio in Italy).

Paris & Milano, December 1, 2020- Serie A football club Internazionale Milano is joining today the Global Fantasy Football game Sorare. It will enable Inter Milan card collectors and fantasy gamers to freely buy, sell, and play with digital cards from the team, such as Romelu Lukaku, Lautaro Martinez, or Stefan de Vrij.

Since it opened its beta in December 2019, Sorare has grown an average of 52% month on month, and today counts over 50.000 users worldwide with more than $5 million of cards traded.

Starting today Inter Milan will further expand its international brand by reaching several untapped audiences: gamers globally as well as new potential fanbases in Asia and America where Sorare is growing strongly. Sorare is effectively opening up a new revenue stream for football clubs globally by offering fantasy football licensing.

While football collectors have been able to collect and trade player cards for decades, this was limited to the physical world. Inter Milan aficionados around the world will now play with their favorite footballers by using their digital cards in their teams. The score of the card will depend on the performance of the player in real-life. Sorare’s vision is to make people’s football fandom matter, even digitally. Fans play fantasy football with skin in the game in Sorare, as they can truly own their cards and interact with their favorite players.

Sorare CEO Nicolas Julia explained: “Today marks another important collaboration of Sorare with a Serie A club, an important milestone for the company. Inter are embracing the world of fantasy football with Sorare and reaching the next generation of football fans and players.”

Ethereum is used to establish who owns the digital card at any given time and secures the cards’ digital scarcity. It creates a new level of trust and freedom for gamers. Some cards have been selling for over $65,000 such as the Mbappé Unique card.

More than 100 football clubs from Europe, the United States, and Asia have partnered with Sorare to issue officially licensed cards so that football fans can collect and play with their favorite players, amongst them FC Bayern-Munich, Juventus, Atletico Madrid, and Paris Saint-Germain.

About Sorare

Sorare is a global fantasy football game where managers can trade official digital collectibles. Launched in beta in December 2019, Sorare is on a mission to make crypto fun and accessible to all through fantasy football. Sorare’s game has attracted 50,000+ users with a monthly volume of $1,000,000 in October 2020. Based in Paris, Sorare is funded by Tier 1 VCs such as e.ventures, Partech, Seedcamp, and World Cup Champion André Schurrle.

Share Article

The opinion of BeInCrypto staff in a single voice.

Follow Author

Source: https://beincrypto.com/fc-internazionale-milano-goes-blockchain-with-fantasy-football-game-sorare/

Continue Reading
Blockchain4 days ago

South Korean crypto market records more trades in Altcoins

Blockchain3 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain4 days ago

Latin American Bitcoin & Blockchain Conference Reveals Latest Speakers

Blockchain2 days ago

EOS Finds Support above $2.80, Resumes Upside Momentum

Blockchain3 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain3 days ago

Bitcoin Price Prediction: BTC/USD Resumes Upside Momentum, Struggles to Break Above $18,000 Price Level

Blockchain2 days ago

ECB Lays out ‘Reinvention of Money’ Strategy

Blockchain3 days ago

Litecoin Price Prediction: LTC/USD Ready to Revisit $80; Further Upside is Limited

Blockchain3 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain3 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain3 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain3 days ago

Ripple price prediction: XRP to hit $0.67 next, analyst

Blockchain3 days ago

Bitcoin Price Prediction: BTC/USD Back Above $17,500 Level as the King Coin Recovers

Blockchain3 days ago

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

Blockchain4 days ago

Bitcoin Worth $3B from PlusToken Ponzi Scam Seized by Chinese Authorities

Blockchain3 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain4 days ago

Digital Euro: German finance minister urges ECB to accelerate its CBDC development

Blockchain3 days ago

Guggenheim opens door to bitcoin exposure for $5 billion macro fund via Grayscale GBTC product

Blockchain3 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain3 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain3 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain2 days ago

Ethereum Strengthens Polish City’s Emergency Services

Blockchain3 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain2 days ago

Guggenheim Partners may be the next big player to bet on Bitcoin

Blockchain3 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain3 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain2 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain3 days ago

Guggenheim Partners prepares to dip investment fund’s toes into Bitcoin

Blockchain3 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain3 days ago

Bitcoin Climbs 5%, Why $18.2K Holds The Key For More Upsides

Blockchain3 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain2 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain2 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain2 days ago

Bitcoin (BTC) Surges 5% Above $18,000 As Guggenheim’s Entry Sparks Excitement

Blockchain2 days ago

Trading 212, PayPal Crypto User Ban, BTC and ETH Tank: Editor’s Pick

Blockchain2 days ago

Coinbase unwilling to participate in Spark’s airdrop

Blockchain4 days ago

Yearn. Finance Price Analysis: Spike in Buying Pressure Could See YFI Prices Soar To $25k

Blockchain2 days ago

Bitcoin Grows By 5%, $18K Level Holds The Key For More Upsides

Blockchain2 days ago

Can RippleNet bridge ‘local CBDCs’ efficiently? This exec thinks so

Trending