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Volvo Invests in Blockchain Startup to Trace Cobalt in Its Batteries

On July 8, Volvo Cars Tech Fund announced their investment in blockchain traceability startup, Circulor.Volvo previously used Circulor’s traceability solution to track cobalt in its batteries. Much of cobalt mining happens in Africa under questionable conditions and involves child labor. In the era where more consumers are becoming concerned with

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Akon’s DLT Startup to Set up a Blockchain Hub in Kenya in Q4 2020

Akon, a famous Senegalese-American musician and a known blockchain supporter, is setting up a blockchain hub in Kenya.Dubbed the “Kenyan Opportunity Hub”, the new venture aims to promote blockchain and artificial intelligence, or AI, education. They also hope to provide Kenyans with more work opportunities.First African blockchain hub launched by

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Cryptography Startup Brings Private Payment Channels to Tezos Blockchain

Cryptography firm Bolt Labs has launched a private payment solution, zkChannels, on Tezos.  The startup is now working with Tezos developer groups Nomadic Labs and Metastate to implement the tech in the next network update.  Similar to the Lightning Network, zkChannels is a payment channel for blockchains but with zero-knowledge proofs attached.

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A Crypto Startup in India Raises $650k to Bring “Chit Fund” on Blockchain

Crypto startup ChitMonks has raised $650k in a pre-series A round with the help of early-stage investors Unicorn India Ventures (UIV).The firm aims to revolutionize proceedings by bringing 21st-century blockchain technology to the old-fashion chit-fund market.“At ChitMonks, we are building India’s largest blockchain network for Savings and Borrowings. We synergize

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