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Crypto news in brief (September 29, 2018): China, Austria, Goldman Sachs, Veem, Baidu, AT&T, SEBA, Porsche, FedEx

September 29, 2018 By Crypto Reporter

– Chinese bank used blockchain to issue $1.3bln in mortgage-backed securities
– Austrian government to issue bonds worth $1.35bln via Ethereum
– Goldman Sachs is leading a $25-milllion financing round of Veem, a blockchain-based payment startup
– Baidu releases a white paper (v1.0.) of Super Chain blockchain
– AT&T introduces a blockchain platform for corporate use
– Former UBS employees raise $104 million to set a regulated crypto bank
– Porsche AG to increase investments in blockchain, AI, and VR startups to $176 million by 2023

Bank of Communications, a state-owned commercial bank in China, has issued $1.3bln in residential mortgage-backed securities (RMBS) through its proprietary blockchain network, Jucai Chain.

***

The Austrian government plans to issue bonds worth $1.35bln. They will be distributed through auction next week via Ethereum blockchain.

***

Goldman Sachs is leading a $25-milllion financing round of Veem, a blockchain-based payment startup. Among investors are Google Ventures, Silicon Valley Bank, Kleiner Perkins and Pantera Capital.

***

Baidu, Chinese IT giant, published a white paper (v1.0) of Super Chain blockchain, which will support parallel sidechains and will allow to choose a consensus algorithm.

***

AT&T, one of the largest telecom company in the US, has introduced a suite of blockchain solutions designed for corporate sector to work with technology from IBM and Microsoft.

***

Former UBS employees who founded startup SEBA Crypto AG raised $104 million to set a regulated crypto bank. SEBA plans to develop traditional banking services for companies and exchanges in the crypto industry.

***

Porsche AG will increase investments in blockchain, AI, and VR startups to $176 million by 2023. The preference is to be given to startups working to enhance “user experience, mobility and digital life”.

***

FedEx, a logistics company, has joined Hyperledger blockchain consortium, becoming one of 14 new members. The company will work on developing a blockchain platform and apps for corporate users.

Filed Under: General News, News Tagged With: AT&T, Austria, Baidu, China, cryptocurrency, FedEx, Goldman Sachs, news, news in brief, Porsche, SEBA, Veem

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