Asian market is targeted with new technology?

Reviewing and compile blockchain industry topic, updating market references and research environment.

Today, we are picking up Asian blockchain development at the industries.

HSBC said it executed a pilot blockchain letter of credit (LC) transaction in Malaysia, for the import of resin by Malaysia’s Simply Packaging from a Singapore company. HSBC Malaysia acted as the issuing bank, and HSBC Singapore was the advising bank.

With blockchain, much of the risk is mitigated as all involved parties can use a single platform to carry out the trade. This provides transaction transparency with the documentation cryptographically secured on the blockchain.

https://asia.nikkei.com/Business/Startups/Southeast-Asian-startups-gain-global-venture-capital-spotlight

South Eastern Asia market acquires the attention at startup industries, not just booming the business, but engaging market. Investments in Southeast Asian startups in the first seven months of the year came to $8.58 billion. This compares to $9.88 billion for the same period last year. For all of 2018, Southeast Asian startups raised $14.7 billion.

Consensys, blockchain studio, has announced to shut down key operation in Philippines and India market, even though several projects have started in each regions.

The cutbacks follow a round of layoffs late last year that saw about 13 percent of ConsenSys’ then-1,200-person staff let go (it’s down to about 1,000 now). The venture studio grew rapidly during the last crypto bull run when the price of ethereum tokens reached over $1,000 but began refocusing priorities in the depths of crypto winter.

The World Wide Fund for Nature (WWF) Philippines and UnionBank are collaborating to develop a blockchain-based fish traceability platform. Finnish consulting firm TX and blockchain protocol Streamr will also work on building Tracey, the blockchain app for the fishing sector.

As the data is being uploaded and analyzed, a credit score will be built for every fisher, enabling them to get access to microfinance. The Tracey app will provide UnionBank with information about potential clients, and the catch and trade data will be used to generate the credit rating. Existing checks and balances within the fisheries ecosystem will be used to prevent fraudulent data input.

Asian market is under development with digital technology, and happening to see new economy.

Thank you for reading daily Collabogate overview and please contact me if you want to be writer of research blogging.

Looking for Collaborator to start working with global network! Please register below the link for business collaboration together.

CollaboGate Research Blockchain and Technology Laboratory

CollaboGate is a global blockchain research group with protocols and industrial use cases, empowering decentralized projects to progress fast and innovative decisions at scale.

Blockchain Project Research Study

Written by

Co-founder and CMO Collabogate, blockchain research and practical community

CollaboGate Research Blockchain and Technology Laboratory

CollaboGate is a global blockchain research group with protocols and industrial use cases, empowering decentralized projects to progress fast and innovative decisions at scale.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade