The world of altcoin projects and Blockchain technology continues to develop rapidly, with both well-established institutions and innovative initiatives taking important steps. This week, there were two exciting announcements that highlight Blockchain’s potential to revolutionize different industries.
Jasmy and Panasonic formed a partnership
Cryptocurrency JASMY has announced a groundbreaking partnership with Panasonic, a global electronics giant. The collaboration focuses on developing a secure and user-centric platform for the Internet of Things (IoT). This news, announced by Jasmy’s CFO via a social media post, caused the JASMY token price to rise. The planned platform will leverage blockchain technology to create a decentralized database that seamlessly connects to IoT devices. With the development, JASMY price experienced a 12 percent increase.
This innovative approach will allow device information to be securely associated with individuals, giving users control over their data. Additionally, the platform will facilitate the safe and transparent sharing of data with others. The partnership between Jasmy and Panasonic marks a significant step towards a more secure and user-supported IoT ecosystem. While the platform is expected to launch within 3-6 months, it has the potential to disrupt various industries that rely on connected devices.
ANZ Bank, Chainlink and Avalanche partnership left its mark on the altcoin market
cryptokoin.com As we reported, Australia and New Zealand Banking Group (ANZ), a leading financial institution, has collaborated with Chainlink Labs to explore the integration of Blockchain networks for on-chain consensus solutions. This initiative focused on paving the way for seamless cross-chain transactions by connecting the Avalanche and Ethereum networks.
The collaboration used Chainlink’s Cross-Chain Interoperability Protocol (CCIP), a powerful solution that enables customers to access, trade and settle tokenized assets across different networks with different currencies. The successful simulation involved purchasing tokenized assets in one stablecoin on the Ethereum network and settlement in another stablecoin on the Avalanche network.
ANZ enters the tokenization space
This project took shape around the “Delivery and Payment (DvP)” protocol, one of the cornerstones of traditional securities transactions. ANZ aims to streamline DvP processes by tokenizing assets and payments on a unified blockchain infrastructure, enabling atomic (instant and irreversible) and disintermediary settlements. The success of this collaboration highlights the convergence of traditional finance and Decentralized Finance (DeFi).
The simulation showed a client using ANZ’s crypto asset services platform obtaining a tokenized New Zealand dollar stablecoin on the Avalanche network. Then, on the Ethereum network, the client purchased tokenized Australian nature-based assets issued as NFTs in another stablecoin pegged to the Australian dollar.
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