Home » Cryptocurrency News » Cryptocurrency News » LINE Launches Digital Asset Wallet and Blockchain Development Platform LINE Launches Digital Asset Wallet and Blockchain Development Platform August 26, 2020
Aug 27, 2020 at 00:42 UTC Updated Aug 27, 2020 at 00:43 UTC
(Nikhilesh De / CoinDesk)
Messaging giant LINE has launched a wallet for users to manage digital assets and a blockchain platform where developers can issue their own tokens, tokenize digital assets, and run decentralized applications (dapps).LINE’s development platform aims to allow companies to easily introduce blockchain technology, CoinDesk Japan reported.LVC Corporation, operator of the company’s crypto and blockchain businesses, and LINE TECH PLUS PTE unveiled the platform, LINE Blockchain Developers and BITMAX Wallet on Wednesday.The wallet services are now only available in Japan, where LINE is particularly well-known.
The company is developing the proprietary LINE Blockchain and issued its own token LINK (LN) for trading against several major crypto assets such as bitcoin and ether in 2018.LINE also started offering trading services via its crypto exchange Bitbox.It was approved for a crypto business license in September 2019.The company established the LINE Blockchain Lab in April 2018, which has been tasked to build the LINE Token Economy.
LINE, with more than 84 million users in its messaging app, aims to leverage its existing network to jumpstart the development of its token economies and accelerate adoptions of many dapps built on its proprietary blockchain platform.The company is one of a handful of messaging apps that have tried to develop blockchain technology and issue their own tokens, but it stands out for the progress it has made.Canadian messaging company Kik and Russia-originated Telegram have met with lawsuits from the U.S.Securities and Exchange Commission for their controversial fundraising processes called Initial Coin Offering (ICO), while American messaging giant Facebook’s stablecoin project Calibra is stalled and facing major challenges from the U.S legislators and financial authorities.
Disclosure
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.Share this: Tokenized Real Estate Falters as Another Hyped Deal Falls Apart Nov 26, 2019 at 09:00 UTCUpdated Nov 26, 2019 at 13:37 UTCRemoving the friction from real estate deals with tokens was expected to instantly attract institutional money and liquidity, but things are moving slowly.A high-profile joint venture between technology startup Fluidity and broker-dealer Propellr was quietly shelved in the summer.Both are now working on… Google Moves to Protect Chrome Users From CryptoJacking and Hacks Google is bringing in stricter rules for Chrome extension developers, a move should reduce the risk of crypto hacks and mining malware.
Announced Monday, the web and technology giant is planning a series of changes to the way Chrome handles extensions that request extensive permissions, and is also tightening the rules for developers distributing extensions… Amazon Managed Blockchain Gets Cloud Support news Amazon Web Services (AWS) is integrating its Managed Blockchain platform with its cloud storage service.CloudFormation, part of the web services arm of the e-commerce giant, will support the company’s blockchain management system.The service will assist in “creating and configuring networks, members, and peer nodes.” Free to clients of Amazon Web Services, CloudFormation… Blockchain Oil Trading Platform Backed by Shell and BP Is Now Live NEWS A blockchain platform built by Vakt Global, a consortium venture set up by major firms including Shell and BP, has launched to bring new efficiencies to energy commodities trading.According to a tweet from the company Thursday, the platform is now ready to facilitate the trade in crude oil between commodity firms, claiming to… Ethereum Picks Early October for Testnet Activation of Istanbul Hard Fork news The testnet launch of ethereum’s Istanbul system-wide upgrade has been set.“For anyone listening in who doesn’t know how this works, we pick a block number that we estimate to be around the 2nd of October,” Ethereum Foundation community manager Hudson Jameson said Friday on an ethereum core developer call.“However, that might be one… As Economic Indicators Get Worse, the US Revs Up the Next Multi-Trillion Stimulus Jul 25, 2020 at 14:00 UTC(Matias Lynch/Shutterstock)As Economic Indicators Get Worse, the US Revs Up the Next Multi-Trillion StimulusThe Breakdown Weekly Recap covers growing U.S.-China tensions, worsening job numbers and the next casual $1-$3 trillion in stimulus.For more episodes and free early access before our regular 3 p.m.Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts,… Crypto Funds, Lending and Market Manipulation feature Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team.
The opinions expressed in this article are the author’s own.The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in cryptoassets, with news and views on crypto infrastructure delivered every Tuesday.… Oman’s Largest Port Joins Blockchain Shipping Platform TradeLens Jan 8, 2020 at 15:25 UTCUpdated Jan 8, 2020 at 15:26 UTCOman’s Largest Port Joins Blockchain Shipping Platform TradeLensThe largest port in the Middle Eastern nation of Oman has signed up to TradeLens – a blockchain supply chain platform founded by IBM and Maersk.The Port of Salalah recently became a member of the shipping… Huobi Says It’s Joining a Chinese Government-Led Blockchain Alliance Dec 2, 2019 at 19:30 UTCUpdated Dec 2, 2019 at 19:25 UTCHuobi Says It’s Joining a Chinese Government-Led Blockchain AllianceHuobi China has joined a state-backed blockchain alliance envisioned to be one of the most influential infrastructure services providers in the country.The Chinese branch of Huobi Group announced its membership in the Blockchain-Based Services Network (BSN)… .
