Blockchain

Russian money and expertise for new blockchain funds

In late December Waves, a global public blockchain platform with Russian roots, announced the creation of Basics, a fund which aims to invest essentially in blockchain infrastructure. Defining itself as “a new blockchain venture product,” Basics aims to “combine the best of venture funds and hedge funds.” With an  initial portfolio of existing traded crypto …

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Telegram plans multi-billion dollar ICO for chat cryptocurrency

Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency, powering payments on its chat app and beyond. According to multiple sources which have spoken to TechCrunch, the “Telegram Open Network” (TON) will be a new, ‘third generation’ blockchain with superior capabilities, after Bitcoin and, later, Ethereum paved the way. The …

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Russian cloud gaming startup Playkey raises nearly $11 million in ICO, targets Asian and American markets

Playkey, a Russian startup whose technology allows users to play the latest video games on low-performance computers, raised more than $10.5 million in its ICO which ended on Dec. 1. This amount comes in addition to some $4 million raised during a pre-ICO sale in October. In the course of the ICO, no less than …

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Pavel Korolev of Pulsar Venture Capital: “VCs also want ICOs”

Noting venture investors’ rising interest in ICOs, Pavel Korolev, the founder and CEO of Pulsar Venture Capital, analyzes the opportunities and challenges of this new method of financing. While some say that ICOs will break venture funds’ monopoly on startup funding, a growing number of these funds are experimenting with token sale. Since fundraising through …

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Sberbank carries out Russia’s first payment transaction using blockchain technology

Yesterday Sberbank, the national savings banks, announced the completion of “the first-ever pilot blockchain payment transaction in the Russian banking industry.” The transaction used the IBM Blockchain Platform on the basis of HyperLedger Fabric. Sberbank’s partners and participants in the pilot were mobile operator MegaFon and its R&D unit MegaLabs, Alfa-Bank, and IBM. Sberbank CIB, …

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AI and blockchain could accelerate biomedical research, say Russian scientists

Insilico Medicine, the parent company of Russian biomed startup Insilico, has published a peer-review research paper calling for patients to regain control of their personal medical records, and even to profit from them. The Baltimore-based Insilico Medicine, which specializes in the application of deep learning for drug discovery, produced the paper, titled “Converging blockchain and next-generation artificial intelligence …

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Trends and challenges in the self-improvement Industry: Russia and the West

Interest in self-improvement has never been out of fashion. But today we are experiencing a new era in the personal development sphere with the adoption of digital services and mobile applications. More and more people want personal consultations on the go, and the industry needs a reliable infrastructure to provide proven data, reliable methods and …

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Moscow to host major conference on Blockchain and cryptocurrencies (Dec. 8-9)

On December 8-9, Moscow will play host to Cryptospace Conference presented as Eastern Europe’s largest conference dedicated to the Blockchain technology and cryptocurrencies. The event, organized by KICKICO, aims to overcome the localization of standard activities of the Russian crypto community, to bring them to a new level thanks to 40 top speakers from Asia, …

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Russian motor oil manufacturer secures $500,000 in pre-ICO to construct new plant

Polymerium, a Russian brand of auto chemical goods and engine oils, raised $500,000 in its pre-ICO campaign, the company announced last week. The company is planning to use the money “to construct a big plant,” build the franchise network worldwide and fuel the production of its anti-forgery Blockchain-based protection system ArmPACK. ArmPACK is presented as …

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Robomed aims to connect healthcare service providers and patients through smart contracts

Robomed, an international startup with Russian roots which aims to develop a smart contract platform in the field of medical services, claims to have raised $2.5 million in just 24 hours in a closed token pre-sale in late October. The news was reported by Firrma.ru based on exchanges with Robomed CEO Filipp Mironovich. One of the key …

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Russian bank to support Blockchain-based procurement and teach Blockchain to government officials

Vnesheconombank (VEB), a major Russian state-backed bank and a key participant in the country’s official digital economy program, intends to teach government officials the science of Blockchain. The 18-hour “Introduction to the Blockchain Technology” will include both theory and practice. The launch date has not been specified. Just weeks before, the bank signed with Roseltorg, …

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