NEW YORK (Reuters) - Proof of Capital, a U.S. venture capital fund, was launched on Wednesday with funding of $50 million, its founders said in a statement. The fund will invest in blockchain projects. Blockchain, which first emerged as the system powering bitcoin, is a shared database maintained by a network of computers connected to the internet. In a separate email to Reuters, the fund said the $50-million investment was raised last month. Its backers include HTC Exodus, a Taiwanese maker...

NEW YORK (Reuters) - International Business Machines Corp has joined a private, non-profit organization called Sovrin Foundation that is seeking to build a global decentralized identity system based on blockchain technology. A logo of IBM is seen at the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman The blue-chip U.S. computing company will join the non-profit as a “founding steward,” dedicating hardware, security, and network capacity to help create a...

NEW YORK (Reuters) - IOTA, an open-source blockchain network, has teamed up with some of the biggest global corporate names led by Cisco Systems Inc, Volkswagen AG, and Samsung Group to launch what is aimed to be a secure marketplace for data, IOTA co-founder David Sønstebø said on Tuesday. Blockchain is a digital ledger of transactions that underpinned the first crypto-currency bitcoin. It has gained worldwide prominence due to its perceived usefulness in recording and keeping track of...

NEW YORK (Reuters) - Air New Zealand said on Wednesday it has teamed up with Swiss travel start-up Winding Tree to explore applications based on blockchain technology that could help the national flag carrier of New Zealand improve the efficiency and security of services such as booking and baggage tracking. Blockchain, a digital ledger of transactions that has underpinned the virtual currency bitcoin, has permeated every aspect of the business and financial landscape. Almost all global...

NEW YORK (Reuters) - Bloq, a U.S. blockchain technology company, said on Tuesday it will launch the sale of its own crypto-currency called Metronome (MTN), which will have a predictable and autonomously managed token supply. Blockchain is a digital ledger of transactions that has underpinned bitcoin, the original digital currency. Metronome is a bitcoin-like token that upon its launch in early December can be used immediately for a slew of applications such as payments and transfers. It can...