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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.



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.

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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.

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)

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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.