Thursday, May 23, 2024

As we eagerly step into 2024, the Web3 and blockchain industry continues evolving, embracing the principles of decentralization and transparency. The driving force behind this transformation lies in strategic partnerships that bring together innovative minds and resources. These alliances pave the way for cross-promotion and mutual growth, showcasing the immense potential for collaborative impact within the dynamic Web3 landscape. Let’s dive into the future and explore the exciting developments that await us.

Here are 5 Partnerships Reshaping the Web 3 / Blockchain Industry

1. Deloitte and Nexxiot Partners to digitize logistics with blockchain infrastructure

Deloitte and Nexxiot – a TradeTech pioneer digitizing supply chain assets leveraging advanced technology have collaborated to elevate the logistics industry through KYX, utilizing the Polkadot-based KILT blockchain. This partnership aims to provide specialized logistics and supply-chain services, focusing on the shipping industry.

KYX represents a strategic combination of Know Your Client (KYC) and Know Your Cargo, incorporating KYC / KYB credentials built on KILT for the logistics industry. Additionally, Deloitte and Nexxiot’s collaboration, with KILT blockchain as the foundation, signifies a transformative step toward revolutionizing trust and transparency in the logistics industry.

The significant announcement took place at Polkadot Pulse 1.0 during the presentation KYX: FREIGHT & CARGO MEET WEB3, with Ingo Ruebe from KILT Protocol and Micha Bitterli and Werner Fontanive from Deloitte Managed Services on 7th December 2023.

2. MEXC Ventures strategic partnership with TON Foundation

MEXC Ventures, a subsidiary of the global cryptocurrency exchange MEXC, announced a significant investment in The Open Network, marking the largest layer-1 investment ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation, reflecting the aligned vision of both entities to enhance global Web3 accessibility by reducing entry barriers.

3. International Cricket Council (ICC) Partners with NEAR Foundation

ICC has joined forces with the NEAR Foundation to create a Web3 fan engagement app fueled by blockchain technology for India’s forthcoming 2023 Cricket World Cup. This pioneering venture seeks to connect with hundreds of millions of fans over the next six weeks. As the Official Blockchain Partner of the ICC, the NEAR Foundation aims to enhance fan engagement, extend the sport’s influence to new audiences, and provide lasting value to cricket enthusiasts.

4. Ripple Partners with Web 3 Platform Uphold

Ripple, a frontrunner in enterprise blockchain and crypto solutions, announced a new partnership with Uphold, the global Web3 financial platform. Within this collaboration, Uphold furnishes Ripple with advanced crypto liquidity capabilities, elevating its cross-border payments infrastructure.

5. Microsoft Partners With Aptos Labs For Web3 and AI

The American Tech Giant Microsoft partnered with layer-1 blockchain Aptos Labs to collaborate on AI & Web 3. Additionally, Aptos Labs will leverage Microsoft Azure OpenAI Service to accelerate global web3 adoption. Further, both organizations are committed to exploring various technological innovations, including asset tokenization, payments, and Central Bank Digital Currencies, aiming to expedite Web3 adoption.

Read Also: Kinetic Partners with Flare to Boost DeFi Liquidity and Accessibility

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