Finland works with Esentia.One: Blockchain for Logistics

The Finnish government has declared second collaboration with decentralized interoperability protocol Esentia.One to build blockchain solutions for logistics
29 June 2018   412

This is the second pilot program that the two organizations have cooperated - the first one, which started in April of 2018, was made to track production chains and reduce unemployment rates. 

The success of our first e-government blockchain project with MTK meant we built a level of mutual trust. As passionate believers in the underlying value in blockchain, we knew that we could adapt the technology to solve many more issues in different governmental departments.
Matteo Gianpietro Zago
Co-Founder, Esentia.One

Essentia.One on Twitter
Essentia.One on Twitter

This spep also represents the latest in a series of initiatives by the Finnish government to position the state as one of the world’s leading logistics hubs. The pilot will finally be introduced to several Finnish government organizations that are connected with the logistics industry: the Finnish Ministry of Transport and Communications, the Finnish Transport Safety Agency (Trafi), the Finnish Transport Agency, the Finnish Communications Regulatory Authority, the Finnish Customs, and other member organizations of Finland’s Corridor as a Service (CaaS) ecosystem.

Our purpose has always been financial inclusion, and especially to help people in developing countries.
Antti Pennanen,
CEO, MONI

The Finnish government has researched several other blockchain initiatives. It declared about a partnership with local startup MONI to provide fugitives with blockchain-based debit cards that would also record identity information in September of 2017.

Ex S&P President to Invest in iComply Startup

The startup is aimed at developing tools and services to meet the regulative standards for blockchain start-ups
14 August 2018   121

Startup iComply, working in the field of regulatory technologies and compliance with standards, has just completed the initial round of financing, which was headed by former Standard & Poor CEO Deven Sharma, CoinDesk reports.

IComply, aimed at developing tools and services to meet the regulative standards for blockchain start-ups (especially for those that conduct ICO), said on Monday that it attracted a seven-figure sum during this invest-round, but did not say the exact figure. The round was also attended by DMG Blockchain and Block X Capital.

In addition, iComply reported that it was joined by former employee of the Commodity Futures Trading Commission (CFTC) Jeff Bandman, former Managing Director of NASDAQ and the Financial Services Industry Regulation Service (FINRA) Manny Alikandro, MIT Connection Science program member, Praveen Mandal and Prosecutor Thomas Linder.

According to Sharma, he decided to invest in the startup iComply, because the project "is focused on services for ICOs related to risks and compliance with standards." Compliance with the standards, he said, will ensure the transparency of ICO issuers and thereby help to ease the concerns of regulators.

Sharma also believes that iComply can contribute to the spread of crypto technologies, helping the entry of traditional financial services into this industry.

My interest is to see iComply evolve into a benchmark that investors can use to assess credibility of issuers, sustainability of underlying services and the price of ICOs. iComply's patent-pending software enables both security and utility tokens to monitor and document compliance, governance and risk procedures, before a public blockchain executes an immutable trade, providing trust, integrity and transparency for our clients. There have been a few ICOs that had a fundamentally robust offering that I understood and did interest me [but I] missed the opportunity. Others that have transparency from a service like iComply, I would [invest in].
 

Deven Sharma

Ex-president, Standarts & Poors

It is the ideas of transparency and trust, according to Sharma, that sparked his interest in order to start working with the blockbuster.