Connect with us

Featured

Two blockchain projects will go to Bankia Fintech’s accelerator program in Spain

Bankia Fintech begins its fourth edition with startups that will be supervised by the bank’s senior executives. Startups from Spain, Israel, the United Kingdom, and Luxembourg have been selected from the 126 candidates. The main technological sectors in which they will develop their projects are Blockchain, Machine Learning, Solutions for SMEs, regulatory technology and heritage management.

Published

on

This picture represent the blockchain technology.

Bankia Fintech’s fifth call for proposals to accelerate technological undertakings selected two projects related to blockchains in Spain. The proposals of the startups Dōnext and Dain are part of the 18 ideas chosen by the evaluation panel to integrate their development program, which will also include cybersecurity solutions, user experience, and payment methods, among others.

Born2Invest application is a fast and easy way to check the latest Fintech and business headlines. It gives users access to recent publications and stories, media and objective analysis, thematic sections and feeds.

New blockchain experiences

Dōnext plans to create a blockchain experience for users to engage in digital banking as a form of entertainment. Neither Dōnext nor Bankia Fintech has confirmed to the type of blockchain that will be used.

Bankia Fintech defines the proposal of Dōnext as a tool that applies gamification for the development of products and services, which stimulates the capture and loyalty of customers by creating experiences through content and digital assets of augmented reality and video.

On the other hand Dainse is a decentralized artificial intelligence network that would be activated in 2021. Its promoters that the platform “enables the efficient use of the computational resources of any device located anywhere in the world, without intermediaries, to solve complex AI problems.”

In other words, Dain will reward the owners of the hardware with a token for their collaboration. This will serve to open up an Artificial Intelligence market in which companies with the same needs can pool their resources and work together to discover and create novel solutions.

SEE ALSO  Why summer is a wonderful time to buy and sell a home

The project is still only offering private sales of its token. In the first quarter of 2020 it will begin the first stage of its ICO. The ICO will be managed by an exchange house. The network should begin testing in the last quarter of next year.

Growing blockchain interest in Spain

This year was a proliferation of announcements about the use of blockchains in companies and public and private institutions, in various developments ranging from the Fintech area to ecological initiatives, as well as product traceability projects.

With regard to the mitigation of environmental impact, there are several recent announcements in the Spanish field. The Valencian company Greenb2e, for example, launched a project to tokenize the use of renewable energies and the promotion of ecological practices in the business world.

For their part, both Hotel Melia and the State Postal and Telegraph Society joined the ClimateTrade network, a project of the Climate Blockchain Initiatives, to contribute to environmental projects and offset their environmental impact.

__

(Featured image by TheDigitalArtist via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in CRIPTONOTICIAS, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Jeremy Whannell loves writing about the great outdoors, business ventures and tech giants, cryptocurrencies, marijuana stocks, and other investment topics. His proficiency in internet culture rivals his obsession with artificial intelligence and gaming developments. A biker and nature enthusiast, he prefers working and writing out in the wild over an afternoon in a coffee shop.