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Tag: blockchain (page 1 of 2)

Ethereum breaks $3,000 barrier as value quadruple in 2021

Cryptocurrency Ether, the token transacted on the ethereum blockchain, witnessed a 3% rise on the Bitstamp exchange to touch $3,144 to set a new record. The present value of the digital currency has jumped 325% higher in the year so far, outgrowing a 95% rise of bitcoin. Both Ether and Bitcoin soared over 100% this year and hit a 2.5-year high on the last Sunday. The rise in Ether highlights the fact that investors are diversifying their exposure.

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Jio, CDAC, CtrlS among firms to adopt 3rd Gen Intel Xeon Scalable processors

Reliance Jio, CDAC and data centre CtrlS have opted for deploying 3rd Gen Intel Xeon Scalable processors. Intel’s new processors leverage its 10 nm process tech with up to 40 cr per processor and can deliver up to 2.65 times higher avg performance gain compared with a 5-year-old system. Reliance Jio SVP Aayush Bhatnagar had said the company will like to leverage the new processors for 5G services and for driving blockchain-enabled use cases.

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SBI, JPMorgan’s partner to use blockchain-based payment network

SBI and JPMorgan have teamed up to use the US bank’s blockchain tech to speed up overseas transactions. The partnership will reduce SBI customers’ transaction costs, time taken for payments and make it easier to resolve cross-border payments-related inquiries to a few hours from up to a fortnight. Venkat Nageswar, deputy MD – international banking group, SBI said that they are excited to be the first bank in India to go live on the network.

Birlasoft to adopt a platform-based strategy to offer digital transformation solutions

Birlasoft said it would adopt a platform-based strategy to offer a faster and outcome-based digital transformation solution to clients by investing in developing platforms for core industry processes. Revenue for the quarter ending December rose 5.7%, while profit jumped 32.6%. The first set of platforms will bring together the combined power of digital techs such as cloud, automation, IoT, edge computing, artificial intelligence, 5G and blockchain, said  CEO Dharmendra Kapoor.

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Aussie big bank-backed IBM blockchain platform Lygon mints first guarantee

Lygon, an Aussie platform of ANZ bank, the Commonwealth Bank of Australia, Westpac, IBM and shopping centre company Scentre Group announced minting industry’s first standardised digital bank guarantee using blockchain tech. The group, formed in July 2019, claimed that it was the first time blockchain has been used for a commercial banking product in Australia. The Lygon platform runs on the IBM public cloud and leverages it Blockchain Platform.

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Govt to explore blockchain tech for ushering in digital economy

The govt will explore the use of blockchain tech to ring in the digital economy. “The government will explore the use of the blockchain technology proactively for ushering in the digital economy,” Minister of State for Finance Anurag Singh Thakur said in a written reply in Rajya Sabha. The MoS said that the govt does not consider crypto-currencies legal tender and will take measures to eliminate the use in financing legal or illegitimate activities.

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Tanla partners with Microsoft to launch ‘Wisely’

CPaaS provider Tanla Platforms partners with Microsoft to launch an edge-to-edge global blockchain network, ‘Wisely’ for sending encrypted SMSes directly from enterprises to telco operators, after WhatsApp’s privacy policy changes. The network for omnichannel communication includes SMS, email, voice, RCS, OTT apps. It would launch the ‘Wisely marketplace’, an Uber/Airbnb-like model. Tanla’s shares rose 3.91% to close at Rs 778.30 per piece on BSE.

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Tech M, Subex join hands to drive blockchain-based solutions for telcos

IT firm Tech Mahindra and telecom analytics solution provider Subex joined hands to drive adoption of blockchain-based solutions for telecos across the globe. These solutions will reduce fraud, drive operational efficiencies for telcos by reducing compliance issues and faster time-to-market. Tech M will use its capabilities in OSS and BSS domain, while Subex’s will exploit its blockchain network and the capabilities of an enterprise-grade DLT network.

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Synchrony, Hyderabad varsity partners for first blockchain project for farmers

Synchrony and the University of Hyderabad have signed an MoA to help fund the country’s first blockchain project for providing financial services to farmers. The three year PPP project aims to bring farmers and financing experts together to simplify the exchange of information and payments. The key objective is to reduce the costs for farmers who cannot access loans from formal channels of lending and provide AI-based tools to project future cash flows of farmers.

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