siemens

ChainCatcher news, according to CoinDesk, Europe's largest industrial technology company Siemens is collaborating with IoT distributed ledger builder Minima to embed blockchain technology into Siemens' devices in the automotive, robotics, and energy sectors.According to a press release from both parties on Tuesday, Minima is working with Siemens' Cre8Ventures division, which is part of Siemens' initiative to accelerate industrial transformation by collaborating with startups in areas such as artificial intelligence, digital twins, and cybersecurity. As computing power gradually shifts to the network edge, the demand for embedding security and data integrity in these edge devices is growing, which is where IoT-level blockchain technology comes into play.Minima CEO Hugo Feiler stated in an interview, "As the computing capabilities of edge devices improve, even large enterprise clients need to ensure the resilience of their systems. Therefore, the ability of these large enterprises to operate decentralized systems is also crucial for them. Decentralization is not just about removing them as intermediaries; it also allows them to expand their service offerings more deeply."

ChainCatcher news, the latest data from Infinite Market Cap shows that as XRP's market capitalization continues to reach new highs, it has surpassed Uber and Siemens, rising 68 places to 114th in the global asset market capitalization ranking.The data shows that the current market capitalization of XRP is approximately $154.22 billion, with a 24-hour increase of 41.77%, while Siemens has a market capitalization of about $153.36 billion and Uber stands at $153.19 billion.

ChainCatcher news, according to Coindesk, German industrial giant Siemens AG successfully issued and settled tokenized commercial papers using JPMorgan's blockchain payment system Onyx and the private blockchain of SWIAT.On September 13, Siemens issued crypto securities worth 100,000 euros under Germany's Electronic Securities Act (eWpG) and redeemed them three days later. The payment was completed through JPM Coin system on the Onyx network, while the asset transfer was settled on the SWIAT network's "delivery versus payment" (DvP) mechanism. The entire process took only 93 seconds from the confirmation of the transaction by both parties on SWIAT to the final confirmation of asset and payment transfer.This transaction marks the beginning of cooperation between Onyx and SWIAT to develop blockchain-based asset issuance products for commercial banks. The two parties aim to shorten the value chain, enhance transaction flexibility and speed, and ultimately enable scalable applications of blockchain-based financial transactions for commercial banks.

ChainCatcher news, German tech giant Siemens has issued its second digital bond worth 300 million euros (approximately 331 million dollars) using the SWIAT licensed blockchain. This issuance is part of the European Central Bank (ECB) distributed ledger technology (DLT) wholesale settlement experiment.This one-year bond utilizes Germany's Trigger solution to automatically complete central bank payments through the TARGET 2 system, allowing settlement to be completed in just a few minutes.The company stated that this rapid settlement contrasts sharply with Siemens' previous issuance of a 60 million euro bond on the Polygon blockchain, which required two days for settlement.

ChainCatcher news, electrical engineering giant Siemens has announced the first issuance of a digital bond on the blockchain under the German Electronic Securities Act (eWpG), with a scale of 60 million euros and a term of one year. Siemens stated that by utilizing the Electronic Securities Act, the company can sell securities directly to investors without the need to hire an established central securities depository.It is reported that Hauck Aufhäuser Lampe Privatbank AG serves as the bond registrar for this transaction. DekaBank, DZ Bank, and Union Investment invested in the bond. (source link)