Blockchain Weekly – January 31st, 2020

Blockchain Weekly features short summaries of the five biggest headlines from the world of blockchain.

Welcome to the second Blockchain Weekly update from Blockdata. In case you missed last week’s post, you can find it on the blog. We also published an overview of the major CBDC projects (central bank digital currencies).

Hyperledger, a project of the Linux Foundation and IBM, has released a major update to its enterprise blockchain platform Fabric. First released in 2017, Hyperledger Fabric has grown into one of the most popular open source DLT platforms used by many of the world’s largest firms. For a full list of improvements and new features, take a look at Hyperledger Fabric 2.0’s technical documentation.

World’s most profitable company joins Vakt oil & gas trading platform with $5 million investment [Reuters]

Vakt, which already counts some of the largest energy companies in the world as its members and users, has added Saudi Aramco’s VC arm (SAEV) as an investor. The investment will allow post-trade processing platform Vakt to expand into Asian markets. Vakt claims to already process 90% of transactions of North Sea Crude oil. We profiled Vakt in our recent report on blockchain in the energy industry.

World Economic Forum forms consortium for digital currency governance [WEF]

The Global Consortium for Digital Currency Governance was announced at the end of the World Economic Forum’s annual gathering in Davos, Switzerland. It will “focus on solutions for a fragmented regulatory system,” with “efficiency, speed, inter-operability, inclusivity, and transparency” at the core of the initiative.

Trade finance blockchain platform Voltron has been reformed as Contour and launches in Singapore [Ledger Insights]

Voltron, a trade finance platform focused on digitizing Letters of Credit (L/C), has reformed in Singapore as a new company called Contour. It includes 7 of the 8 founding members of Voltron, Bangkok Bank, BNP Paribas, CTBC, HSBC, ING, Standard Chartered, and SEB. Contour inherits the technology of Voltron, which is built on R3’s Corda platform.

Lightnet, the company behind Velo Protocol, raises a $31.2 million funding round [Coindesk]

According to the press release, the funding will allow Lightnet to help it to grant “access to millions of Asian users searching for improved financial mobility.” The participating investors are UOB Venture Management, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital, and Hanwha Investment and Securities. Velo Protocol is built on the Stellar blockchain platform and aims to improve the global remittance market.

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