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Bmw partnership crypto
Kingston is dedicated to eSports and the gaming community and continues that support by partnering with Cloud9 to showcase not only Kingston FURY , but also the possibilities of the ultimate gaming experience. Microsoft enables digital transformation for the era of an intelligent cloud and an intelligent edge.
Its mission is to empower every person and every organization on the planet to achieve more. Cloud9 and Microsoft are partnering together to co-innovate new technologies in esports. Both organizations will dedicate resources to develop new tools and technologies that will enable Cloud9 players and staff to uncover game-changing insights across a variety of titles in which Cloud9 competes.
It collaborates with renowned designers and brands to bring sport influences into street culture and fashion. Red Bull is the official beverage of Cloud9 because they value the professionalism and innovative approach Red Bull brings to eSports. Both Red Bull and Cloud9 are fully committed to the development and production of new live and non-scripted content formats as well. From web series to live streams, Cloud9 will tap into the production powers of Red Bull Media House in an effort to show its fans a view of the world in an authentic way.
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Learn More. Roughly nine years ago, bitcoin made its presence known and introduced the world to a new type of peer-to-peer payment platform known as blockchain. Rather than conducting transactions on traditional banking networks, blockchain sought to simplify transactions to include just a sender and receiver of funds. Since then, blockchain innovation and partnerships have flourished. Blockchain itself aims to resolve three perceived issues with today's financial system. First, it's a decentralized ledger that stores transaction data in hard drives and servers all over the world.
Not having a central data hub ensures that no single entity, including hackers, can ever gain control of a network. Second, as noted, blockchain eliminates the need for banks to act as intermediaries during transactions. That means fewer fees that need to be disbursed, and it potentially could reduce transaction costs. Finally, proofing of transactions is ongoing 24 hours a day, seven days a week with blockchain, which could dramatically reduce the time it takes to validate and settle a payment.
Whereas today's banking system could take up to five business days to clear a cross-border payment, blockchain might offer the potential for clearing to occur in real time, or in as little as a few seconds. As you might expect, some of the biggest cryptocurrencies by market cap have been notching some serious blockchain partnerships.
The Enterprise Ethereum Alliance, which has approximately members worldwide, consists of organizations and brand-name businesses from a variety of industries that are testing a version of Ethereum's blockchain, which incorporates smart contracts -- protocols that verify, facilitate, or enforce the negotiation of a contract -- that give enterprises the ability to customize legally binding digital contracts to fit their needs.
Ripple has also partnered with a growing number of brand-name businesses. Ripple's blockchain is arguably one of the fastest around, with a touted ability to process up to 1, transactions per second, and all for a fraction of a cent in fees. Ripple has five brand-name partners already and has been seemingly adding new financial institutions to its RippleNet with regularity. However, once in a while a little-known cryptocurrency emerges from the shadows of the big boys bitcoin, Ethereum, and Ripple and lands an elephant of a partner.
Until earlier this week, two catalysts had been primarily responsible for its impressive gains. As a blockchain service designed with transparency in mind, VeChain's platform creates a means to monitor supply chains in real-time. What's more, it can utilize Internet of Things technology embedded in products to allow wholesalers and retailers to see how products performed in terms of quality control.
The CDRP essentially examined a number of threats to VeChain Thor's blockchain -- based on likelihood and severity -- and determined that the company had sufficient procedures in place to protect cryptocurrency assets. In other words, VeChain Thor's network appears secure.
Though not too many specifics were given, as the presentation primarily focused on VeChain's rebranding as VeChain Thor, which will now operate with two unique virtual currencies, there are two obvious benefits of blockchain for BMW. For starters, the transparency of blockchain should allow BMW to more accurately track its parts inventory and reduce inefficiencies.
With transparent supply chains, problems can be pinpointed a lot more quickly than with traditional paper trails. Second, BMW can use the added transparency of blockchain to its advantage. Similarly, both Ford and General Motors suffered from a parade of automotive safety recalls in And then, just last year, Japanese airbag maker Takata filed for bankruptcy protection following a huge number of recalls.
The auto industry is recently rife with scandal, so BMW's ability to allow consumers an intricate look at its parts and vehicle history, as well as quality testing, with the assistance of VeChain Thor's blockchain could give it a serious one-up on its competition. Of course, BMW isn't the only automaker to get its feet wet with blockchain. Rumors that IOTA and Volkswagen could announce a formal collaboration some point soon have been swirling ever since.
