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The consortium for the interbank blockchain platform. About 15 of India’s largest banks are going to form a consortium to test an interbank blockchain platform. The area will be provided by blockchain firm MonetaGo and used for pilot testing. CEO at MonetaGo, Jesse Chenard stated: «It will take six months for the platform to be set up and get into production, and three more months to share the data and talk to the different governing bodies.»
New power to rule software. Creditbit offers a distinctive feature “staking” to all its users. Using this feature, if users have own credit, they can earn up to 8% annually extra by participating in the “staking process” is just leaving their wallet open to process transactions. The Creditbit team wants to improve upon its tokens liquidity in the real world, which became the reason to launch a proprietary exchange.
Blockchain incubator for business. Indian multinational conglomerate Mahindra & Mahindra (M&M), which works in fields of automaking, IT, finance and consulting, will open a blockchain incubator to support startups and provide help in developing blockchain-based applications for different industries. Group president for strategy Anish Shah stated: «We are looking at an incubation center for Blockchain, which will be a global center, and we are looking at developing a business. We’ve got about 10 cases for Blockchain within the group». The aim is to develop blockchain solutions that can appear across companies in the Mahindra Group.
The Rock and Roll Hall of Fame has announced the first blockchain “Fan Vote”. The “Fan Vote” through by Votem, which builds mobile voting platforms to enable people around the world to easily and securely vote online and from their mobile devices. About 2 million people from 100 different countries cast their votes for their favorite rock artists – 60% of those voted from their phones. Votem’s “Blockchain” platform enable to easily collect votes from around the world without the risk of falsely adding to the vote counts.
Zimbabwean bitcoin exchange and cryptocurrency startup BitFinance announced that it has secured a new investment from angel investor Taurai Chinyamakobvu. EconoTimes.com reports - The BitFinance team stated that the funds raised will be utilized to expand the reach of their service and enhance the user experience on BitcoinFundi, which is their online bitcoin exchange platform.
Fruits, vegetables and other edible stuff on blockchain. Walmart, American multinational retailing corporation, has announced the testing of new blockchain technology to track and trace produce in U.S. stores and pork in China. As paymnts.com reports, it’s a pilot program, where sliced apples and cut broccoli will be used to test the blockchain database technology for four months starting in the first quarter of 2017.
E-Dinar Coin announced a profitable cooperation. Cryptocurrency E-Dinar Coin and juristic company "Alliance Group" had announced a business partnership. "Alliance Group" will be taking E-Dinar Coin as payment for their services, as well as providing juristic consulting in the field of financial transactions with cryptocurrency. For the owners of E-Dinar Coin «Alliance Group" will provide free consulting till May 31th, 2017.