Mitsui and IBM now use blockchain for transporting

Mitsui OSK Lines and partners use blockchain with the Cross-Border Trade
14 December 2017   1099

Japanese shipping firm Mitsui OSK Lines (MOL), IBM and other partners take a blockchain proof-of-concept to streamline international trade flows. Now trade transactions can use a blockchain-based application. The project includes logistics and insurance documents, trade agreements, digitized, stored and shared among participants. It will bring more benefits than traditional systems of trading.

The test is intended to verify the effectiveness of blockchain for enhancing security and reducing the time required to settle cross-border trade transactions, discrepancies among related documents and administrative cost.


From Mitsui OSK Lines statement

The project will use the Hyperledger Fabric blockchain framework, which is developed by the Linux Foundation-led Hyperledger blockchain consortium. IBM Japan, the Japan Research Institute, Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Banking Corporation and other arms of the Mitsui Group take to participant in this MOL project. Earlier SMFG successfully tested a prototype using distributed ledger technology (DLT) to streamline international transaction agreements.


Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   332

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.