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IOTA Keeps Making Friends with Large Companies

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As more and more large companies are becoming interested in the blockchain technology, they keep choosing IOTA as their blockchain research partner. The recent additions to IOTA’s partnership list include Volkswagen, as well as Japanese ICT conglomerate Fujitsu.

Volkswagen wants to bring blockchain on the road

Volkswagen has become known as a large supporter of the blockchain and crypto industry, and their partnership with IOTA is no secret. Right now, the carmaker is researching the new technologies in an attempt to find the way to make it improve vehicles and roads alike. Earlier this year, they confirmed working with IOTA in order to bring the blockchain on the road, and their recent tweet states that they are working hard on providing their customers with super-safe cryptosystems.

VW is currently exploring all areas of blockchain while trying to find all possible use cases that would tie their business to this technology. Many believe that the carmaking industry can benefit from this tech the most, via vehicle servicing, tamper-proofing, and even improving on the self-driving aspect.

The company’s IT Group has been exploring various concepts and potential benefits of implementing the blockchain technology, and have been discussing this with over 300 employees. With the self-driving cars quickly becoming a reality, and cars becoming more and more digitized, it is imperative that they are properly protected from hackers and any type of meddling with the vehicles’ systems.

These are the troubles of modernization, but VW firmly believes that IOTA’s blockchain has the potential to bring solutions that would eliminate this kind of concerns. The partnership was originally announced as far back as in January of this year. If the research bore fruit, this would mean massive progress for all 12 motoring brands that the VW group consists of. Those include Porsche, Lamborghini, Audi, Bentley, Bugatti, and more.

Fujitsu claims IOTA is a new protocol standard for audit trails

Another significant development for IOTA includes the Japanese firm Fujitsu, which has announced the launch of a new PoC, based on IOTA, and created for audit trail processes within the manufacturing industry. The new notice states that IOTA’s protocol will be used as a data storage medium for the audit trails. The goal here is to largely improve data security, data trust, as well as transparency of all processes.

The Program Manager at Fujitsu’s Industry 4.0 Competence Center from Munich, Leopold Sternberg, stated recently that the partnership would allow IOTA to become a new protocol standard. According to him, IOTA is perfectly well-equipped for this task, since it has a lot of experience with manufacturing industries, as well as in ICT services.

Through a joint effort, the two are hoping to bring a solution for supply chains and industry 4.0 manufacturing, both of which are facing data-related challenges.

Additionally, the notice describes a newly-proposed cryptographic ID system that would be used for various product components. The system would also keep track of the status of their production through a connection with nodes located on IOTA’s Tangle protocol, but hosted by Fujitsu itself.

Tangle is a new type of DLT, different from blockchain itself since it doesn’t use mining or blocks. Instead, it is built directly on a DAG (Directed Acyclic Graph). Basically, different kinds of transactions go on different chains at the same time.

The announcement of IOTA’s collaboration with Fujitsu has already reflected on the crypto’s price, which went up significantly since the partnership was first announced on August 25.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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