#CryptoCorner: Oman’s Port of Salalah Partners with IBM’s (NYSE: $IBM) TradeLens, WisdomTree (NasdaqGS: $WETF) Leads Funding Round for #Blockchain Startup Securrency
#CryptoCorner: Oman’s Port of Salalah
Partners with IBM’s (NYSE: $IBM) TradeLens, WisdomTree (NasdaqGS: $WETF) Leads
Funding Round for #Blockchain Startup Securrency, Telefonica (NYSE: $TEF) Makes
Blockchain Available to Around 8,000 Companies and DMG Blockchain (TSXV: $DMGI.V)
Installs 1,000 Miners
Point
Roberts, WA, Delta BC January 10, 2020 - Investorideas.com, a leader in crypto
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Stocks
discussed: (NYSE:IBM) (NasdaqGS:WETF) (NYSE:TEF) (TSXV:DMGI)
The Port of Salalah, which is the
largest port in Oman, has joined IBM’s (NYSE:IBM)
blockchain-enabled digital shipping platform TradeLens, according to a local
outlet. Mark Hardiman, the CEO of the Port of Salalah,
commented:
“Joining
TradeLens is an important step forward for Port of Salalah in supporting the
modernizing of the trade ecosystem. Logistics has been identified as one of the
key pillars for economic diversification for the Sultanate of Oman. Adopting
and incorporating blockchain technology into all aspects of the supply chain
will not only enhance the attractiveness of Salalah for these companies but
also support the development of new business models that can further leverage
the geographical location of Salalah.”
ETF and ETP sponsor and asset
manager WisdomTree Investments, Inc. (NasdaqGS:WETF) has made a strategic
investment in blockchain compliance startup
Securrency, Inc. WisdomTree led a Series A funding round, which raised $17.65
million for Securrency. Jonathan Steinberg, WisdomTree Founder and CEO,
explained:
“Our
investment in Securrency is the result of a multi-year review of blockchain
technology and the associated landscape. In our review, we found instances of
unnecessary applications of the technology and poor compliance with existing
regulations; however, there are numerous elements of blockchain technology
that, when correctly applied, will bring benefits to investors. Using the
technology, we believe we have identified areas for exciting innovation within
the ETF ecosystem and in financial services more broadly, all with a focus on
meeting the highest standards of regulation.”
Spanish telecom giant Telefonica (NYSE:TEF) has
partnered with the Association of Science and Technology Parket (APTE) giving
around 8,000 companies in Spain access to its blockchain network, according to
a report from Total
Telecom. Maria Jesus Almazor, CEO of Telefonica Spain,
commented:
"Companies
housed in these scientific and technological parks will be able to benefit from
the advantages of blockchain technology without having to face the inherent
complexity of it, or have to dedicate resources to acquire the knowledge
necessary to make the most of it.”
DMG Blockchain Solutions Inc. (TSXV:DMGI) has
installed 1,000 crypto miners for “a new client based in the U.S.” according to
a recent press
release. The miners were shipped by Bitmain to DMG’s Christina
Lake facility in late December, and are now fully operational. DMG’s COO
Sheldon Bennett said:
“We are
excited to begin working with this new client and are confident that they will
be one of many we add during 2020. DMG made a decision to focus on attracting
large scale hosting clients as profitable crypto-mining is a function of
creating cost efficiencies, and our mining facility is well suited for
industrial miners.”
Sam Mowers,
Investorideas
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