Weekly News Digest
Luckily, all of us have survived the New Year holidays and now we are ready to break into 2020 with new plans and ideas. To bring you new inspiration for the start of the year, let’s look through the very first projects and collaborations from the blockchain technology world.
NBA Team Launched a New Blockchain App
One of the most exciting NBA teams, Sacramento Kings, announced launching a blockchain app to allow fans to bid for the game-worm gear. Thus, this team becomes real blockchain innovators, introducing a new sports equipment marketplace, where users can auction various physical collectibles during or just after each match.
The new app has been created in collaboration with supply-chain product Treum and blockchain incubator Consensys on Ethereum, making all process as transparent and reliable as possible. With the user’s permission, all sales, loans, and displays will be collected on Treum platform.
This app will add authenticity to legendary sports gear because usually, it is hard to define whether the equipment has actually been worn by a sports legend or not. Thus, the new app will make it easier for fans and collectors to purchase original items with real sports history.
Chinese Qianhai Mercantile Exchange (QME) and Ant Financial Start a Blockchain Warehouse Receipt
Chinese commodity trading platform, Qianhai Mercantile Exchange (QME), launched a new blockchain warehouse receipt alliance together with Ant Financial. This collaborative project aims to improve QME’s trading system with integrated warehousing and logistics.
QME is a subsidiary of the Hong Kong stock exchange (HKEX) that also owns the London Metal Exchange (LME). They decided to cooperate with Ant Financial to integrate warehousing and trading system based on blockchain technology, providing complete transparency of all data connected to the commodity production, transfer, certification, and other quality criteria.
Being able to get free and quick access to commodity warehouse receipts is necessary for commodities markets, as thus they are able to track all the physical inventory. This will support both buyers and manufacturers, giving access to all product data and verifying its authenticity.
BrickMark Purchases New Office in Switzerland for $135 Million On Blockchain
BrickMark, a Swiss blockchain real estate company, has bought a property in the center of Zurich for $135 million worth of BrickMark Tokens. This office building has a rental property of 1,600 square meters and a Swatch outlet based on the ground floor of the building. BrickMark bought this building from RFR Holding GmbH that accepted payment transfer made in Brickmark tokens.
This is a significant deal that will increase the role of digital financial instruments in the real estate sector. Being the first real estate transaction of such scale made in tokens, it will motivate other real estate firms to integrate token-based options for financial issues.
BrickMark token is based on the Ethereum blockchain platform. An exciting feature of the deal is that token owners will receive an income from the property rent, although BrickMark has not revealed the details of this mechanism and how it will function.
