Copy link
Increase text size
Decrease text size
Link copied

Fintech company Konstellation joins media blockchain consortium PUBLISHalliance

Image: (L) Sonny Kwon, CEO of PUBLISH; (R) Sang Lee, CEO of Konstellation

Fri, 16 Aug 2019, 23:34 pm UTC

PUBLISH Inc., a provider of blockchain solutions for media businesses, has signed a memorandum of understanding (MOU) with Konstellation, a provider of blockchain solutions for the financial services industry.

Konstellation is a new company that was formed under DarcMatter, a U.S.-based alternative investment platform, to create a blockchain infrastructure for all the financial services.

In an online post dated August 16, Konstellation noted the recent surge of fake news and information and emphasized on the importance of “trusted data” for making investments.

“This is why we believe we need an infrastructure to provide and certify news releases. This is one of the most important foundations we wanted to add to our network, to be able to certify every news item we have,” it added.

Konstellation said that it basically wants to provide its network with access to certified news “as quickly as they occur.” Towards this goal, it has now entered into a strategic partnership with PUBLISH, the company behind PUBLISHprotocol – an EOS blockchain-based media protocol and platform that aims to incentivize global cooperation of readers, writers, and editors to join publishers in proliferating good journalism.

As part of this partnership, Konstellation has joined PUBLISHalliance – a media blockchain consortium that aims to secure the editorial and financial independence of newspaper businesses using blockchain technology. The alliance is tasked with the development and proliferation of PUBLISHprotocol.

The consortium comprises of media, technology start-ups, and academic institutions. More than 40 media and corporations have joined so far, attracting over 1 billion views per month.

“Investing requires faster and more accurate information and news, and this collaboration with Konstellation will enable Alliance members and subscribers to be informed of new investment information and insights that will be available in the future,” Sonny Kwon, CEO of PUBLISHprotocol said.

In the future, Konstellation’s members will not only be able to access this news, but also participate in publishing the work and obtain rewards for their participation in the network.

DARC and DARCwallet

DARC is the utility token that powers the Konstellation Network – a hybrid public/private blockchain which will allow for the creation of digital assets and the seamless and global blockchain-enabled trusted interaction with critical counterparties. The network will serve as the backbone upon which financial institutions can interact with each other in a transparent, secure and, most importantly, compliant manner.

Last month, Konstellation announced the public release of the DARCwallet – the first interface that participants in the Konstellation Network ecosystem can use to interact with DARC tokens.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,111.50 (+3.26%)
  • Ethereum (ETH) $279.86 (+4.28%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $417.47 (+1.45%)
  • Bitcoin SV (BSV) $307.69 (-2.97%)
  • Bitcoin (BTC) $10,111.50 (+3.26%)
Feb 19, 2020 (Wednesday)
06:00
Crypto Technicals: BTC/USD consolidates previous session's spike, 'Golden Cross' keeps scope for further upside
05:03
Crypto finance firm Amber raises $28M in Series A funding
04:32
China upgrades national PPP information platform to use blockchain, AI and big data
Feb 18, 2020 (Tuesday)
13:26
Enjin’s game development platform goes live on ethereum
12:14
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:14
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:13
Boerse Stuttgart's blocknox to offer crypto custody services to institutional clients
11:12
Crypto derivatives exchange Deribit lists daily ether options
10:48
UEFA EURO 2020 tickets to be distributed using blockchain-based ticketing system
10:12
South Korean and Singaporean crypto exchanges partner to develop new services
09:42
Russian central bank completes blockchain tokenization pilot in its regulatory sandbox
08:17
Crypto Technicals: ETH/USD retraces brief dip below 200H MA, close above 5-DMA to see upside resumption
08:16
Crypto exchange FCoin likely to default after up to $130M bitcoin shortfall
06:46
France-based Lagardère Sports partners with blockchain-based fan engagement platform Chiliz
05:36
Binance launches cloud solution to simplify launching cryptocurrency exchanges
04:52
Crypto Technicals: BTC/USD hovers around 21-EMA (9690), potential 'Golden Cross' limits downside
04:51
Telecom giants jointly test blockchain solution for automating roaming discount agreements
Feb 17, 2020 (Monday)
13:34
Fullerton Markets adds support for cryptocurrency deposits and withdrawals
13:02
Crypto asset custodian Copper raises $8M in Series A round
12:06
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft