It’s an idyllic vision for the future: houses across the land generate their own power through solar panels, and make a tidy profit by selling neighbors their excess energy. Then reality kicks in. Executing all of these transactions at scale would be nothing short of nightmarish. Enter blockchain.
Figure Technologies founder and CEO Mike Cagney said that its Provenance network was used to execute a bridge loan transaction between lender Pacific Private Money and asset management firm Saluda Grade in seconds, eliminating the need for intermediaries and reducing the cost, time, and friction involved.
Restaurant Toks, a casual dining chain with 208 locations across Mexico, has teamed up with blockchain provider Simba Chain and the University of Notre Dame to create a distributed application to register and track every coffee bean it has "purchased, processed, packaged, and sold."
Bison Trails says it believes Celo has the potential to become a global driver of financial inclusion—not least because of how mobile payments are the lifeblood of many developing economies.