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Singularity Studios Partners with PICC to Initiate AI and Blockchain Solutions

Enterprise software and application creator for the SingularityNET Platform, Singularity Studios has officially signed a partnership agreement with state-owned, People’s Insurance Company of China’s fintech branch reports Crypto Briefing. The goal behind said endeavor is to develop artificial intelligence and blockchain-focused solutions for the latter’s fintech operations. In addition to its contributions to the PICC’s […]
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PICC Partnership Pushes VeChain (VET) Past $1 Billion Threshold for Market Cap

Strategic Partnership with People’s Insurance Company Of China Leads VeChain Across $1 Billion Threshold For Market Cap VeChain is constantly looking to innovate and a recent partnership with the People’s Insurance Company of China (PICC) is definitely leading them there. The company has not seen an improvement in their trading volume, but the market capitalization has a different fate.The market cap started at $948 million at the beginning of the day on September 1st, but it rose to $1 billion by the end of trading for the day. CoinMarketCap presently has VeChain ranked in at #18 in the market, even though only about 64% of the total supply is even in circulation. The PICC has expressed, via press release, that the company’s intent is to use the support that blockchain offers, using the assistance of both VeChain and DNL GL. The use of blockchain in the insurance industry will help to maintain information on various policies and could streamline the process for claims. As People’s Insurance Company Of China sees everything that blockchain can do, they hope to eliminate the problems that have formerly come with collecting data, verification of different information received, and auditing. By making this process a little simpler for the company and policy owners, less fees have to be assessed. Right now, People’s Insurance Company Of China has over $126 billion in assets to protect for customers, and the use of blockchain makes the entire process safer and more fluid. Since everything will already be on the blockchain, consumers also spend less time waiting for a final decision. When speaking on this new partnership, co-founder Sunny Lu of VeChain said, “Collaborating with PICC expands our business within the insurance industry. We are confident we will provide great service and products to PICC, together with DNV GL.” The blockchain for VeChain is critical to their entire ecosystem, and the information available to PICC will hopefully help them reach the transformation that they have been hoping for, rather than being at a standstill. The CEO of DNV GL, George Kang, commented, “The role DNV GL plays is to ensure data integrity from the business operation perspective. In conjunction with VeChainThor Platform, we will provide a robust digital trust platform to assist PICC with enhanced data management and efficient data processing.”
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Venchain (VEN), DNV GL And People’s Insurance Company Of China (PICC) Partner (Insures $126 Billion Total Assets)

People’s Insurance Company of China (PICC), one of the world’s largest insurance companies is partnering with blockchain platform VeChain and DNV GL, a global quality assurance and risk management company. PICC concentrates on motor vehicle insurance, commercial property insurance, homeowners insurance, cargo insurance, liability insurance, accidental injury insurance, short-term health insurance, marine hull insurance, agriculture insurance, credit and surety insurance. By partnering with DNV GL and VeChain, PICC can provide robust assured solutions that protect user data, distribute ownership, and enhance existing artificial intelligence. These solutions will do so without having to educate PICC's clientele on blockchain technology while still offering the maximum benefits the technology provides. Sunny Lu, Co-founder at VeChain said that, “Collaborating with PICC expands our business within the insurance industry. We are confident we will provide great service and products to PICC, together with DNV GL.” PICC picked VeChain because of their existing solutions with DNV GL catering to real problems within businesses and governments. VeChain's use of their public blockchain, VeChainThor, provides enterprises with the tools, securities, and governance to properly control their assets while collaborating across multiple verticals, industries, and even countries. By merging this technology with the assurance services of DNV GL, PICC is set to expand their current offerings, bringing true digital transformation to a now stagnant industry. The CEO of DNV GL, China Region, George Kang added, “The role DNV GL plays is to ensure data integrity from the business operation perspective. In conjunction with VeChainThor Platform, we will provide a robust digital trust platform to assist PICC with enhanced data management and efficient data processing.” The market seemed to have welcomed this new development. VeChain [VET] had gained 9.2 percent against the U.S. dollar the hours following the announcement.
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VeChain [VET] partners with People’s Insurance Company of China [PICC]

Recently, VeChain Foundation announced on their official Twitter handle that People’s Insurance Company of China [PICC] has partnered with DNV GL [Det Norske Veritas and Germanischer Lloyd] a global quality assurance and risk management company, and the blockchain platform, VeChain. The partnership offers to bring about a digital transformation in the insurance industry. According to a report published by the Chinese media, PICC stated that the existing system in the insurance industry produces an overwhelming amount of paper trail. The system also falls short in terms of proper data validation, it cited. The problems faced currently in the insurance industry has led PICC to turn its head towards blockchain technology for a solution, it stated. Furthermore, PICC stated that they believe blockchain technology will bring digital transformation in the insurance industry. Moreover, the company believes that blockchain technology will help reduce turnaround time, improvise KYC [Know Your Customer] compliance, and prevent frauds. PICC explains that realizing the potential use of advanced IoT devices and smart contracts in the industry, will help bring “instant compensation” for enterprises that produce profitable business models. By partnering with DNV GL and VeChain, PICC believes that it can provide fruitful solutions that help protect user data, provide distributed ownership, and enhance AI [Artificial Intelligence] features. Excited about the partnership, Sunny Lu, Co-founder of VeChain said: “Collaborating with PICC expands our business within the insurance industry. We are confident we will provide great service and products to PICC, together with DNV GL. PICC further stated with certainty that the solutions being offered will offer the maximum benefit without the need for PICC’s clients knowing or learning about the underlying architecture. According to PICC, their decision to chose Vechain was due to their partnership with DNV GL that offers solutions to real world problems. VeChain’s public blockchain VeChainThor offers enterprises different tools, security features, PICC explained. In addition, VeChain also offers regulation to rightfully control the assets and also offers collaboration across various verticals, industries, and countries, said PICC. It is ready to expand what they currently offer, bringing a change in the standstill industry. George Kang [CEO of DNV GL Business Assurance Greater China Region] also issued a statement which read: “The role DNV GL plays is to ensure data integrity from the business operation perspective. In conjunction with VeChainThor Platform, we will provide a robust digital trust platform to assist PICC with enhanced data management and efficient data processing.” The post VeChain [VET] partners with People’s Insurance Company of China [PICC] appeared first on AMBCrypto.
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Privacy-focused Brave browser boasts 8M monthly active users

Privacy-focused internet browser Brave has hit 8 million-mark in terms of monthly active users. Announcing the news on Wednesday, Brave said daily active users, on the other hand, have surpassed the 2.8 million mark. The browser, with opt-in blockchain functionality, also compensates content creators, users and advertisers in its native Basic Attention Token (BAT) for viewing online ads. Brave said it has delivered nearly 400 ad campaigns to date. The browser maker further said that it now has over 290,000 verified publishers - 200,000 of those are YouTube creators, 33,000 website publishers, 15,000 Twitch streamers and 28,000 are Twitter accounts. Brave also offers a cryptocurrency wallet for ether (ETH), ERC-20 tokens and collectibles, including BAT.
The Block Crypto

Binance CEO: BNB no longer reliant on reducing supply to increase value

Today, Binance exchange announced that they had completed their 9th quarterly BNB token burn in accordance with the token’s whitepaper. Over 2 million BNB worth around $36.7 million was burnt during this process. This is the second-largest burn of BNB tokens in terms of U.S. dollar value, trailing only behind their 2nd quarterly burn of 1.8 […] The post Binance CEO: BNB no longer reliant on reducing supply to increase value appeared first on AMBCrypto.
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Crypto.com - OKEx Pool to Offer CRO Staking to Millions of OKEx Users

HONG KONG, Oct. 17, 2019 /PRNewswire/ -- Crypto.com has partnered with OKEx Pool to offer its staking service for Crypto.com Coin (CRO). The millions of OKEx users now can conveniently stake CRO and enjoy staking rewards on the OKEx platform. Crypto.com Chain is a high-performing blockchain powering the crypto payment solution Crypto.com Pay, which allows users to pay or get paid in crypto anywhere, thus driving cryptocurrency adoption globally. The Crypto.com Chain Thaler testnet (alpha version) was launched in September 2019. When the Crypto.com Chain Mainnet goes live, it will be entrusted with key roles on the network, including but not limited to: Execute settlement Order transactions Verify all transactions Provide an escrow ("Proof of Goods & Services Delivered") service ...Full story available on Benzinga.com
Benzinga

Why Satoshi Nakamoto Created Bitcoin?

Through Innovation, everyone aims at changing the plan of action and making changes in the current condition to conduct better items or services. Productive development ought to be an important piece of one's business technique, where someone can make a culture of innovation and make a way for creative thinking. It can also increase the likelihood of one's business succeeding and can create more efficient processes that can result in better productivity and performance. Innovation and creativity are what should someone have to make a difference in the world. One of the most innovative advancement today is the creation of bitcoin. As said to this article, Bitcoin has been the preeminent cryptocurrency since its inception and continues to lead all others by a significant margin. Let’s look at some of the statistics: There are nearly 18 million BTC in circulation and, with a current price of around $8,300, that puts the market cap at over $150 billion. With a daily volume of over $15 billion, Bitcoin trades more than double the next highest-ranked cryptocurrency. To see just how significant Bitcoin is on the global market, it can be useful to look at the user numbers as well. Even though the bitcoin market already reached a legendary status in the crypto world, The creator of Bitcoin has managed to remain anonymous for over a decade. Just using Satoshi Nakamoto as a pseudonym. But why did he created bitcoin and remain unknown to everyone. One of the reasons is to solve some societal problems easily, Satoshi came up with creative answers to solve certain problems in the business. Many times an individual face problems that don’t seem to go away. The answer is to think outside the box to find an answer one never come up with. This way one can make a product, a creative solution to the problems face in the market and make one's business better. Keep in mind that thinking innovatively is the easiest way to beat competitors in the market. Just like what bitcoin did, it dominates the cryptocurrency transactions and remain the number 1 cryptocurrency on the Coinmarketcap. It seems that perhaps the achievements of bitcoin it's impossible to know the true Satoshi. He has become a larger than life character; people have heaped upon him so much of their ideas about who he should be and how he should act, that no one person can live up to the idea that Satoshi has become.
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