Stellar May Acquire Chain for $500M

As reported, in case of successful negotiations, the owners of the company will receive payment in XLM
21 June 2018   261

Stellar Development Foundation is negotiating the acquisition of developer of blockchain solutions for the financial industry Chain. The deal can amount to $ 500 million, Fortune reports.

Earlier Chain attracted more than $ 43 million from Khosla Ventures, RRE Ventures, Blockchain Capital, Pantera Capital, Nasdaq, Visa, Citi Ventures, Thrive Capital, BoxGroup and Haystack.

In case of successful negotiations, the owners of the company will receive payment in XLM with the ability to save or sell it immediately upon completion of the transaction.

Previously Stellar invested in working on issues of end-to-end encryption blockbuster startup Keybase.

Stellar to collaborate with Veridium, Environmental Firm

Environmental blockchain company Veridium Labs Ltd announced about the partnership with Stellar and plans to simplify the whole carbon footprint process
28 June 2018   247

Veridium created the world’s first environmental social impact token and is developing disruptive sustainability solutions for the Fortune 500 companies. Last month, the firm declared about its partnership with IBM, which planned to make the process of offsetting companies’ footprints easier.   

It was also approved by the source that Stellar’s distributed, open-source, and hybrid blockchain will let Veridium to “accurately track carbon credits in real time to mitigate the environmental impact of the goods and services being transacted”.

We are very excited about the momentum Veridium has had since our announced partnership with IBM. Our new collaboration with Stellar and the addition of our advisory board members are important steps in making a decentralized carbon credit industry a reality so we can truly bring about global environmental change.
Todd Lemons,
Chairman, Veridium

It is as well believed that once Veridium begins running on Stellar and IBM Hyperledger Fabric blockchains, the firm will be able to evaluate the whole carbon footprint process. It will measure and compensate footprints by converting carbon credits into tokenized assets that hence can be displayed and integrated into corporate accounting systems more easily. The total process of tokenization of assets is supposing to raise trust and integrity in the flow of information among trading partners and network users.