TrustED Ties with Binance to Start Services on Its Blockchain

Australian Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term startup TrustED has partnered with Binance to launch its services on the crypto exchange’s proprietary blockchain called Binance Chain.

Though initially poised to launch on the Ethereum blockchain, the introduction of a similar platform by Binance has attracted the attention of the Adelaide-based company due to its efficiency.

The Australian startup is also considering to launch its Initial Coin Offering (ICO) Initial Coin Offering (ICO) An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco Read this Term) on the same platform with BEP2 Token standard.

Commenting on this, Kosta Batzavalis, CEO of TrustED, said: “Being one of the first projects on Binance Chain is not only an honor but also a massive stepping stone for the TrustED project. With Binance technology behind us, TrustED can deliver on SLAs and security requirements necessary to make a blockchain-based academic solution enterprise-grade.”

Want to know how TrustED works, how we'll integrate #Binance Chain, and what our future will look like?

Have a read of our whitepaper! https://t.co/ccMMdhv4mh#whitepaper #Binance #TrustED #BinanceChain pic.twitter.com/jEVrqk4Xiy — TrustED Blockchain Ecosystem (@TrustED_io) May 21, 2019

Bringing educational institutions to blockchain

Launched in 2017, TrustED is developing a decentralized platform to “store, issue, and verify” the credentials of academic data like as diplomas and certificates. The startup has on-boarded minds from reputed universities like Harvard, University of Cambridge, and the California State University.

Binance, which is one of the largest crypto exchanges on the globe, has high hopes for its decentralized platforms. The company launched its native blockchain earlier this year followed by a decentralized exchange platform. It is also investing heavily in global expansion and has entered Australia, Europe, Singapore, and Uganda with fiat-based exchanges.

“Binance Chain and the introduction of the Binance DEX enables thousands of crypto tokens and companies to utilize the technology in an efficient and effective manner. We’re excited to have TrustED be one of the first startups to utilize Binance Chain and look forward to the growth that is to come in further bringing cryptocurrency mainstream,” Ted Lin, chief growth office at Binance, added.