Major hedge fund invested in Boomstarter blockchain platform

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Blockchain platform for financing startups Boomstarter.Network attracted investments from hedge fund DTI, which participated in the token sale of the Telegram messenger. DTI is a large hedge fund specializing in investments in high-tech projects. In 2018, the fund expanded its portfolio by investing in the Telegram ICO and the Dropbox cloud storage IPO. The next […]

Neural networks will switch to optical chips

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Stanford University researchers have found that training artificial neural networks directly on an optical chip leads to more energy efficient execution of complex tasks, such as speech or image recognition.. An artificial neural network is a type of artificial intelligence that uses connected units to process information in a manner similar to how our brains […]

Deutsche Bank Joins JPMorgan Cryptocurrency Payment Network

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Deutsche Bank joins the Interbank Information Network (IIN) launched by JPMorgan Chase. IIN operates on the Quorum blockchain, which was developed in 2017 based on the Ethereum platform. The project uses JPM Coin stablecoin to process dollar payments of client banks, helping to reduce the time and costs of interbank transactions. Although testing of the system […]

More than 50 banks tested R3’s Voltron trade finance app

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More than 50 banks from 27 countries took part in the trial of the new Voltron trade finance application developed by the R3 consortium on the Corda blockchain. The eight founding banks have initiated an industry platform to improve the trade finance process to facilitate letter of credit transactions. By reducing the settlement period, eliminating […]