Tokenisation of real estate, tracking diamond supply chains, and other blockchain initiatives

Blockchain technology remains one of the hottest trends among financial, governmental and commercial organisations worldwide. ForkLog magazine offers an overview of the most interesting recent initiatives.

Japanese bank Mizuho to tokenize real estate

One of Japan’s largest banking groups, Mizuho Trust & Banking, plans to tokenise real estate and sell security tokens to investors by the end of the year, according to Nikkei.

The company is using the BOOSTRY blockchain platform launched by the Nomura Holdings group. Earlier, Japan Exchange Group stated that it would issue tokenised “green” bonds on the platform.

Mizuho expects the move to make assets more liquid and attractive to investors.

Equideum Health and Nokia Bell Labs use blockchain to store data from augmentation devices

Equideum Health (formerly ConsenSys Health) and Nokia Bell Labs signed a collaboration agreement under which the companies intend to collect and store anonymised data obtained from augmentation devices. The information will then be used in clinical studies.

In the first stage, the parties will integrate a prototype earable device for the hearing-impaired from Nokia Bell Labs with Equideum Health’s private cloud. In the second stage, they will create a ‘machine-learning environment’, whose data security and privacy will be ensured by blockchain technology.

De Beers to migrate diamond-supply chains to its own blockchain platform

The international corporation De Beers, which mines, processes and sells natural diamonds, announced the full-scale launch of its blockchain platform Tracr. The latter enables provenance tracking for precious stones.

Development of Tracr has been ongoing since 2018. The project involves external partners, such as Signet Jewelers and Russia’s ALROSA.

De Beers said that it has already registered a quarter of its production on the platform.

GSBN begins integrating its blockchain platform with trade-finance services

The Global Shipping Business Network (GSBN) consortium initiated conceptual trials to integrate its blockchain platform with trade-finance services. Tests involved Bank of China, DBS Bank and HSBC.

The GSBN platform is designed to digitise the process of delivery and tracking of maritime container shipments. After the trials, the consortium plans to launch several pilot projects.

Singtel issues tokenised bonds on ADDX platform

The telecoms giant Singtel issued tokenised bonds worth $100 million on the Singapore-based ADDX platform. The lead arranger was United Overseas Bank.

The issuer of the five-year notes is Singtel’s subsidiary Singtel Group Treasury. The bond’s coupon rate is 3.56% per annum. Payments are made in U.S. dollars.

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