Tag Archives: nasdaq

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Nasdaq Blockchain: new investments in more startups

Nasdaq Blockchain – related venture initiatives include new investment in distributed ledger based startups.

Today Nasdaq Ventures announced it has decided to invest in startups and companies that work with blockchains and/or artificial intelligence, next-generation data analysis and machine learning.

Nasdaq Blockchain budget is $10m to be awarded to deserving startups that are focused on both seed-stage and late-stage placements.

This Nasdaq Blockchain effort is a natural extension of the firm’s work in the blockchain field.

Back in 2015, Nasdaq started a partnership with Chain, an enterprise-grade blockchain infrastructure that enables organizations to build better financial services from the ground up.

This effort saw the two companies develop a distributed ledger market focused on pre-IPO offerings.

President and CEO of Nasdaq, Adena Friedman, explained in a statement:

“With the launch of our new venture investment program, we are reinforcing our focus on driving growth and innovation by evaluating, distributing, licensing and integrating disruptive technologies for the long-term benefit of our global clients.”

Nasdaq has been testing the blockchain even in other areas.

In fact, back in February 2016, Nasdaq announced its blockchain tests on e-voting prototypes with Estonia’s sole securities exchange.

Also, in January, Nasdaq published a report arguing that the distributed ledger is also useful beyond transaction settlement.

Read more about Nasdaq Blockchain – related projects by clicking here.

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Amelia Tomasicchio
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Nasdaq Blockchain to build a Solar Energy Market

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Today, during an event organized by Nasdaq, the well-known stock exchange announced its new service that allows solar power providers to sell certificates using its Linq blockchain.
This special solar panels are linked to the Internet connection through a technology created by Filament, a Nevada blockchain startup that built a system able to connect traditional devices to the internet.
Thanks to the Nasdaq private blockchain called Linq, it is possible to create certificates that can be purchased by anyone who wants to finance the solar energy.
Even if there were a couple of bugs, the resultant certificate appeared on the screen during the live video demonstration.
During an interview conducted by Coindesk, Alexander Zinder, director of the global software development at Nasdaq, cleared up how this new technology works.
“The solar panel is actually hard-wired into the IoT device through a converter which enables us to measure the wattage they’re putting out and producing into the grid.”
This innovative project was born thanks to a partnership between Nasdaq and IDEO’s CoLab.
“We think it’s a very compelling use case, but there’s a lot of opportunity, but it’s extremely early in our exploration”, continued Zinder.

Blockchain and energy: Usizo

This is not the first time we hear about a project related to energy and the blockchain.
A few months ago, in fact, we talked about Usizo, a crowdfunding company who is trying to improve energy payments between users and schools in the African country.
Usizo works thanks to a smart meter that accept digital currencies and through a crowdfunding platform where people can donate their bitcoin.
Donators can see the electricity needed by a school and can know how much he will contribute based on the BTC he donates.

Ethereum used for Car Charging

Also, a German power company, RWE, started a partnership with the Ethereum-based startup Slock.it, to develop proofs-of-concepts using the Ethereum blockchain.
RWE Carsten Stöcker commented:
 
“We would like to solve the problems and really push electric vehicle deployment forward by looking into establishing a seamless and affordable electrical charging infrastructure.”

How to pay energy with Ethereum

An American resident used the Ethereum blockchain to sell energy to his neighbors.
The two men did the transaction through the LO3, a startup that aims at changing the energy industry.
Lawrence Orsini, founder at LO3, explained that his startup wants to show how people can use the blockchain on a daily basis to facilitate their peer-to-peer exchange.

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Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio