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PayPal has joined Cambridge Blockchain’s Series A funding round, marking the US payment giant’s first blockchain investment. Cambridge Blockchain, a startup developing digital identity management software for financial institutions, initially closed its Series A in May 2018 after raising US$7 million from Foxconn’s HCM Capital, Partech Partners,...
Blockchain digital identity startup Authenteq has raised US$5 million in funding from Draper Associates and Capital300. The company is reportedly in talks with additional investors about a second closing of the Series A funding round which CEO Kari Thor Runarsson expects to happen in the next coming weeks. “The reason...
Blockchain identity startup Civic has joined a partnership previously formed between crypto cybersecurity company Rivetz and Telefónica’s cybersecurity unit ElevenPaths to deliver blockchain-powered identity solutions to mobile users. Civic is an identity protection and management startup founded in 2015 by South African Internet entrepreneur Vinny Lingham. The company raised US$33...
Japan's financial regulator the Financial Services Agency (FSA) and various financial institutions are developing a common identification system leveraging blockchain technology to facilitate customer onboarding. The system will first be rolled out at the country's three largest banks first, namely the Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corp., and...
Microsoft and Tierion have announced a collaboration to develop a new service that would link data to the blockchain to prove integrity and existence. The solution would generate, manage and validate data, creating an immutable audit trail of business processes. The collaboration is part of Microsoft's broader decentralized identity initiative,...