Crypto Daily News: EOS’s Block.one Gets Funding from PayPal and Bitmain Execs; Boeing Tests Blockchain

Crypto daily news

In today’s edition of Crypto Daily News, we will cover Block.one receiving funding from top execs at PayPal and Bitmain, IBM teaming up with Columbia to launch a Blockchain Research Center, and the airplane maker, Boeing, using blockchain technology.

Crypto Daily News: June 17th, 2018

Block.one Gets Funding

EOS developer Block.one has secured investments from the crypto-mining billionaire Jihan Wu of Bitmain, and the billionaire PayPal co-founder Peter Thiel. Block.one made the official announcement via a press release on its website yesterday.

Block.one’s CEO, Brendan Blumer, made a statement about the investments on the press release, saying:

“As Block.one prepares to announce its future plans, we’re excited to welcome key strategic investors aligned with our values of creating a more secure and connected world.”

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Peter Theil is considered to be one of the most ‘innovative’ entrepreneurs and investors in the world and his investment into Block.one speaks volumes.

IBM & Columbia University Team Up on Blockchain

Columbia, one of the US’s most pristine universities, has teamed up with the technology giant IBM to launch a new research center for blockchain technology. This new collaboration seeks to boost blockchain application development and education initiatives, as reported by CoinDesk.

The new center will be opening in a week and is located on the Manhattan campus of Columbia University. This new blockchain center will incubate blockchain application through a combination of technical and academic expertise.

Boeing Tests Blockchain

Announced via a press release this morning, the world’s largest aerospace company and leading manufacturer of commercial jetliners, Boeing, states that it has teamed up with an artificial intelligence company to develop pilotless vehicles. These new products are anticipated to use blockchain technology.

Last month, Boeing invested in the Texas-based SparkCognition, which will be working with the aviation giant to create a platform that tracks unmanned aircraft and allocates flight corridors.

“We’re at a point in history where technological advances and societal trends are converging to demand bold solutions and a different way to travel,” Boeing’s CTO Greg Hyslop added.

>> Spotlite and KashMiner Operations Halted by SEC

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