Private Equity Moris Beracha Wuani

By Dennis Wafula  Advancements in blockchain technology are proving beneficial in the financial industry. The most recent progress is the introduction of the Finledger blockchain platform, which allows processing of promissory note loans. According to a news release dated May 21, this new application for this type of legal binding loan agreement will be very beneficial to the entire financial industry. The test stage involved four banks, DekaBank, dwpbank, DZ Bank, and Heleba, who used finledger technology to complete note transactions. Reportedly, the platform can reduce the processes involved when issuing such notes by more than 50%. Marion Spielmann, Head of Banking & Depositary at DekaBank, said:   “The opportunities offered by using a blockchain take the product promissory note loan to a whole new level. Together with the other institutes, we have now successfully implemented a digitization project that allows our customers and us to handle the u

By Yogita Khatri Meme Factory, a blockchain-based marketplace for digital collectibles, goes live today. Meme Factory is built on ethereum and allows users to create, issue and trade “provably rare” digital collectibles, according to an announcement. The platform was created by blockchain startup District0x Network, which raised $9 million  via an initial coin offering in August 2017. The funding was raised in ether (ETH) cryptocurrency and saw participation from venture capital firms Boost VC and CoinFund. District0x describes the platform as “a true decentralized digital collectibles marketplace, completely self-governed and functioning autonomously on the ethereum blockchain.” So how does it work? The marketplace enables users such as artists to create original tokenized memes and submit them for consideration to what’s dubbed the Dank Registry. Registry curators, who are holders of the project’s DANK token, will then scan the submissions and decide w

By Nikhilesh De Microsoft will promote JPMorgan Chase’s Quorum blockchain to the global tech giant’s business customers, the companies announced Thursday. The Redmond, Washington-based software firm will support Quorum, JPM’s private enterprise version of ethereum, through Microsoft’s Azure cloud platform, the firms said. They will look to support adoption of the network through their new partnership, after signing a memorandum of understanding. As a result, Quorum “will become the first distributed ledger platform available through [the] Azure Blockchain Service, enabling J.P. Morgan and Microsoft customers to build and scale blockchain networks in the cloud,” the companies said in a press release. A spokesperson for New York-based JPM said via email that “Microsoft will drive preference to the Quorum stack for Blockchain applications built on Azure.” JPM will also build its own first-party applications for the service. Umar Farooq, JPM’s global

By Helen Partz   Global investment bank Credit Suisse and Portuguese Banco Best have completed end-to-end fund transactions on blockchain , according to a press release published Feb. 7. The financial institutions have reportedly processed every part of the fund trade process by implementing a blockchain-based decentralized platform, FundsDLT. Designed to improve the efficiency of fund transaction processing with the use of blockchain and smart contracts , FundsDLT would purportedly reduce the time between request and the settlement from delivery of the order to trade processing. Within the initiative, Lisbon-based Banco Best — specializing in banking , asset management and trading — was responsible for the Application Programming Interface (API) integration, and also developed a dedicated application to collect client experiences. An end-to-end or mutual fund transaction represents a pool of money from a group of investors that is put into a p