Tag Archives: ICO

ConsenSys Pitches ‘Consumer Token’ Label

The Brooklyn Project – the token regulation initiative headed by ethereum startup ConsenSys – wants to dispense with the concept of “utility tokens” in favor of what it calls “consumer tokens.” The Project discussed its intention to shift the discourse at the Fluidity Summit on Thursday during a presentation by ConsenSys’ policy lead Pat Berarducci and OpenLaw’s Aaron Wright. Continue reading ConsenSys Pitches ‘Consumer Token’ Label

Bank Of Canada Says Blockchain Effective For Securities Settlements, Questions ‘Benefits’

Canada’s central bank, Toronto Stock Exchange operator TMX Group, and non-profit organization Payments Canada, completed tests showing blockchain can be used for instantaneous securities settlements, Reuters reports today, May 11. Continue reading Bank Of Canada Says Blockchain Effective For Securities Settlements, Questions ‘Benefits’

BMW Blockchain Trial Uses Cryptocurrency Tokens to Improve Mileage Tracking

DOVU, a London, U.K.-based provider of a blockchain-based data marketplace for the transportation industry, recently completed a test with BMW to use ERC-20 tokens and blockchain technology track vehicle mileage, according to a DOVU article posted on Medium. BMW invited DOVU to participate in its innovation lab, which seeks new and disruptive ideas. The 10-week pilot began Jan.15 at the London BMW headquarters. Continue reading BMW Blockchain Trial Uses Cryptocurrency Tokens to Improve Mileage Tracking

Berkeley ICO Gets Vote of Approval from City Council

The Berkeley ICO came one step closer to becoming a reality this week, earning a significant vote of approval from the local city council. The California city wasn’t the first US locality to push for blockchain adoption, but it’s making up for lost time with innovation. City council officials in the Northern California’s Berkeley on Tuesday unanimously voted for the city manager to explore the perks of using blockchain technology and an “initial community offering” (ICO) to raise funds in lieu of a conventional muni-bond offering. Continue reading Berkeley ICO Gets Vote of Approval from City Council

New Ethereum Project Aims to Tokenize Video Game Items

The ability to create decentralized applications (DApps) is widely considered to be one of the most promising use cases for blockchain technology. Palm, a new Ethereum-based project, aims to provide developers with the ability to tokenize in-game assets in conventional video games as well. Continue reading New Ethereum Project Aims to Tokenize Video Game Items