Blockchain Compatibility set by Axoni and Clearmatics

Two of the most prominent blockchain startups, Clearmatics and Axoni are joining in order to solve the serious problem of interoperability
17 May 2018   402

This week Clearmatics and Axoni, at Consensus 2018, presented how a financial fluxion can be issued with the help of a smart contract, launch a payment and then activate a cross-chain atomic cost transfer between two certain networks. This meant  the first time a fluxion deal has been come on one enterprise blockchain and stated  on another. This development stage is important because interoperability is now emerging as a major design aim for distributed ledger technology (DLT).

Facilitating end-to-end processing from point of trade to settlement, we need to make the assumption that that process is going travel through multiple systems, rather than a single monolithic settlement system, distributed or otherwise.
Robert Sams,
CEO, Clearmatics

The collaboration is significant also because of the clout of the players involved. Axoni, located in New York, is dealing with a wide range of significant financial institutions and infrastructure providers to promote trillions of notional value in U.S. dollars onto blockchain tech across a variety of asset classes.

Also, its partner in the presentation, Clearmatics of London, is cooperating with a consortium of banks and financial institutions to construct digital fiat that is completely  provided by cash at the corresponding central bank and transferable on a distributed ledger. 

If we can collaborate appropriately and facilitate linkage between those networks, what you end up with is a highly automated, highly transparent process all the way from trade agreement through to settlement finality. 
Greg Schvey
CEO, Axoni

Axoni has also been making great efforts in the derivatives space and other areas of post-trade processes, while Clearmatics is concentrated on the regulative sphere of the activity, so the teaming was an obvious fit (both are building technology based on ethereum-derived architecture).

SoftBank & Baidu to Invest in Atlas Protocol

Atlas Protocol was created by Nebulas Labs and xGoogler Blockchain Alliance
21 August 2018   130

The Atlas Protocol marketing module (ATP) has completed a round of attracting initial funding, led by SoftBank China Venture Capital (SBCVC), having collected several million dollars during it.

In a multimillion-dollar round, the exact amount of which was not disclosed, Baidu Ventures (BV), Danhua Capital and Fenbushi Digital also took part.

Atlas Protocol was created by Nebulas Labs and xGoogler Blockchain Alliance (xGBA). The "first developer" of Google Adwords, Jeremy Zhao and Columbia University Professor Ronggui Gu will serve as project advisors on technical issues.

Atlas Protocol plans to create a blockchain ecosystem and "to form a new paradigm of interactive marketing." According to the press release, ATP allows you to rank "calculated values ​​on the block and transfer value using tokens" using the ATP Smartdrop service application.

xGoogler Blockchain Alliance was formed in April this year as a community of former Google employees interested in blockchain technology. Its founders were the developers of projects Nebulas, Loopring and Gifto.