NFT in cars, concert ticketing and other blockchain initiatives


“NFT” in cars, concert ticketing and other blockchain initiatives have been launched. The NFT system is used for car payments, parking lot reservations, they are also included on many of them.

The blockchain technology is one of the hottest trends for government and commercial companies in the world, as well as business. It has been identified as one of the hottest trends by many financial, government and commercial organizations worldwide. ForkLog Magazine has compiled an overview of the most important recent projects. The magazine offers an overview of the most interesting new initiatives.

Mercedes-Benz joins Aura blockchain consortium, which is the leader in the development of blockchain technology.

Automobile manufacturer Mercedes Benz has joined the Aura Blockchain consortium. The latter was launched by LVMH, Louis Vuitton and the Prada brand in 2021 to fight counterfeit luxury goods.

Supply chain transparency and authentication of luxury goods was the goal for The Aura platform. It was created to provide supply chain transparency and authenticity of high-quality products. It is reported in an official press release that the consortium wants to expand its functionality. Among other things, it will allow members to issue NFTs.

According to Mercedes-Benz, it is planned that they will add services for non-interchangeable tokens in its cars. For example, the digital dashboard can show NFTs. The Digital Dashboard will be capable of viewing them on its digital screen for free and in time. 

A new Polygon-based supply chain tracking solution was launched by the company Ernst & Young, which is a platform for monitoring and tracing supply chains.

EY (Ernst & Young) has launched a supply chain tracking service based on its Level 2 solution Nightfall, developed in partnership with Polygon.

In the beta version of the OpsChain Supply Chain Manager platform, it is possible to release tokens and NFTs that represent companies’ assets. The Beta version of the OpsChain system will allow tokens and NFTs that represent companies’ assets to be released. It is possible to track them by nightfall, a solution that was build on top of Ethereum.

The OpsChain platform uses privacy-focused, zero-disclosure technology that also makes the transaction faster and cheaper. It is possible to use OpsChain’s own privacy-focused software for transactions, which helps make payments faster and more efficient.

Wembley football stadium will launch ticket sales on blockchain for Wembley Stadium.
In England, Wembley Stadium is going to implement SecutTix’s TIXNGO blockchain solution, allowing event attendees to purchase ticket for events. 

The registry system distributed by Distributed Registry technology provides security and eliminates counterfeiting. Among other things, TIXNGO allows organizers to collect customer information, such as how they purchased tickets.
According to the Wembley website, it is planned to use the platform to sell ticket for Ed Sheeran’s concert in July. 

JPMorgan tested blockchain for collateral settlement in the form of loan collateral, and it was found that there are no problems.

JPMorgan launched a pilot project on the use of blockchain technology to solve loan collateral, as well as an experiment in supporting the use of blockchain technology to pay off creditors’ liabilities, The report from Reuters.

In the testing, the holding company conducted several business transactions. On May 20 the first transaction was conducted by JPMorgan, two units of it were engaged in an exchange with BlackRock fund-owned shares that were used as collateral. 

UnionBank is preparing to float digital bonds on blockchain. The bank will launch the development of an electronic platform for trading digital bonds.

An official public offering of digital bonds in local exchange rate was launched by UnionBank, one of the Philippines’ most important banks. The instrument will be issued on June 20, registered with the Philippine Dealing Exchange, after being registered in connection with the Philippine Dealing Exchange.

On the basis of this, the minimum issue size will be 1 billion pesos (~$19 million). Fixed coupon discounted Bonds with the yield of 3.5% have an expiration period for one and half years.