Waves to Use Vostok as Utility Tokens for New Enterprise Blockchain Solution

Waves CEO Alexander Ivanov has announced a new department for enterprise projects that will be fueled by Vostok (VST) tokens.  According to a July 18 press release, Waves is opening a new company department called Waves Enterprise, which will employ a corporate blockchain solution of the same name. The Waves Enterprise solution is a management system for businesses that need to handle data sets containing private information. As per the report, VST tokens will be the utility token for Waves Enterprise, and will be exchanged for a variety of network-based…

New Jersey Accuses Blockchain Firm of Unregistered Securities Sale

The State of New Jersey alleges that a blockchain-based online rental marketplace sold over $400,000 of unregistered securities. A complaint filed on July 17 accuses Pocketinns, Inc. and its president Sarvajnya G. Mada of offering and selling around $410,000 of unregistered securities in the form of a cryptocurrency dubbed “PINNS Tokens.” The tokens were sold through an initial token offering between Jan. 15 and Jan. 31, 2018. Neither Pockettins nor Mada have allegedly been registered with the state’s Bureau of Securities.  The defendants purportedly sold tokens to 217 investors in…

Reddit Co-Founders’s Fund Leads $3.75M Round for Blockchain Gaming Studio

Reddit co-founder Alexis Ohanian’s venture fund led a $3.75 million seed round for blockchain-powered video game studio Horizon Blockchain Games. According to a press release on July 17, Ohanian’s venture fund Initialized Capital led the new seed round alongside other major blockchain investors such as Polychain Capital and Digital Currency Group. Other investors included popular American crypto exchange and wallet service Coinbase, Golden Ventures and Inovia Capital. The secured funds will support Horizon’s goal of further integrating blockchain tech in the gaming industry. The company has created a blockchain video…

McDonald’s, Nestlé and Virgin Media Join Blockchain in Advertising Pilot

McDonald’s, Nestlé and Virgin Media have joined a new blockchain pilot seeking to increase transparency in advertising online. Developed by the Joint Industry Committee for Web Standards (Jicwebs) — a British United digital ad trading standards body — the new initiative aims to assess the potential of blockchain in the digital ad supply chain, as business media outlet Campaign reports on July 16.  First announced in May 2019, the Jicwebs’ blockchain-powered pilot is now joined by global industry giants’ respective media agencies, Zenith, OMD UK and Manning Gottlieb OMD, who…

Waves Founder Sells Blockchain Startup to Russian Financial Consultant

A startup founded by the Waves platform team, Vostok, has been sold to one of the project’s earliest investors. According to a report by Gazeta.ru, Waves CEO Alexander Ivanov “sold his stake” in the data management and smart city oriented project to Mark Garber of the financial consultancy GHP Group. The Waves platform has developed blockchain solutions through partnering with some of Russia’s largest private and state-owned enterprises, as well as global firms, for institutional, industrial, and military use. Vostok, in particular, aligned with the Russian state-owned conglomerate Rostec in…

Global Blockchain in Healthcare to Reach $1.7 billion by 2026

The volume of blockchain in healthcare market worldwide is forecast to reach more than $1.7 billion by 2026. In a press release published on July 16, consulting services to information technologies firm Acumen Research and Consulting (ARC) has projected that the global blockchain in healthcare market on the global scale will reach over $1.7 billion by 2026, with a compound annual growth rate of 48.1%. Based on geography, America purportedly dominates with the largest share in the global blockchain in healthcare market, wherein the United States is a mature market…

Waves CEO Sells His Stake in Blockchain Spin-Off Vostok

Founder of token issuance platform Waves has fully sold his stake in the firm’s blockchain spin-off Vostok to focus on the Waves Platform. Alexander Ivanov, CEO and founder of Waves, sold his stake in the Vostok, with global financial group GHP Group becoming the sole owner of the project, according to a press release on July 16. Ivanov said that he decided to sell the Vostok project in order to focus the resources on the development of the Web3 ecosystem within the Waves Platform. Mark Garber, Chairman of the Board…

Top Republican Touts Blockchain Privacy as Alternative to Regulating Big Tech

With regulators not “nimble” enough to adapt to the fast changing world of technology, those concerned about maintaining their online privacy should consider turning to decentralized technology, according to a leading Republican politician. In an op-ed in the New York Times on Sunday, U.S. House of Representatives minority leader Kevin McCarthy argued that it’s clear governments and regulators are not able to effectively protect citizens’ from platforms like Facebook and Google “exploiting and selling our data.” There are already in place (in the U.S., at least) laws punishing those that…

10 Things to Track With Blockchain

After struggling to receive recognition of legitimacy within the mainstream zeitgeist during its sophomoric years, distributed ledger technology (DLT) now comprises the driving force behind a new wave of technological creative destruction. Today, we are going to take a look at some of the industries and processes that are most dramatically undergoing a transformation in response to the advent of blockchain technology. Food The opaque nature of global supply chains poses a significant challenge to efforts to ensure that the commodities, labor and inputs required to produce goods are from…

South Korea’s Biggest Credit Card Patents Blockchain Payments System

South Korea’s leading credit card firm Shinhan Card has been granted a patent for a blockchain payments system, English-language local media The Korea Times reports on July 15. Per the report, with the newly patented technology the company has established a blockchain-powered credit transaction process allowing for setting spending limits, paying in monthly installments and carrying out payments. The outlet quotes an anonymous Shinhan Card official commenting on the development: “Services using those key functions of credit cards will be extended to the blockchain-based system, a notable advancement from the…