Intel to Develop Blockchain Projects at New Innovation Lab in Israel
Tech giant Intel has opened a development lab in Tel Aviv focused on financial technologies like the blockchain. The company is working with The Floor, an Israeli FinTech organization, according to The Jerusalem Post. The Floor, headquartered at the Tel Aviv Stock Exchange, raised $2m earlier this year from Chinese VC firm Pando Group. Other technologies that the lab will focus on include connected devices for the Internet of Things (IoT), cloud computing and biometric applications. "Through this collaboration, Intel will be able to lead, alongside The Floor, the development of this....
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Israel may soon become one of the important fintech hubs in the world, thanks to the collaboration between the Floor and Intel. Intel Corporation (NASDAQ: INTC), the semiconductor giant has joined hands with The Floor, a fintech hub located at the Tel Aviv Stock Exchange to start its own fintech innovation hub in Israel. According to an announcement made by the company on Sunday, the fintech innovation hub will be Intel’s foray into the fintech solutions sector, following the increasing demand for bitcoin and blockchain based solutions by banking and financial organizations. Tel Aviv,....
Intel has announced the creation of a new fintech innovation lab in Tel Aviv, The Jerusalem Post reports. The lab will be operated in association with The Floor, a fintech hub based at the Tel Aviv Stock Exchange. The work of the new Intel fintech lab will be centered on blockchain technology, biometrics and the Internet of Things (IoT). “Through this collaboration, Intel will be able to lead, alongside The Floor, the development of this field in Israel and to widen the influence of technology on the financial field, from the user to the cloud,” said Sharon Puterman-Zafrir, Intel Israel’s....
Last week the California-based technology company Intel explained its intentions to develop crypto mining semiconductors that would showcase “1000x better performance per watt.” Now Intel has revealed more details about the “Bonanza Mine” (BMZ1) blockchain accelerator chip at this year’s International Solid-State Circuits Conference (ISSCC). Intel’s Bonanza Mine Crypto Chip Products Introduced at ISSCC Information concerning Intel’s new crypto mining accelerator chip has been revealed to the public, according to various reports covering....
The managing director of Santander Group's venture capital firm believes that Israel will become a reference market for blockchain applications. Mariano Belinky, who has recently invested in an Israel-based payment application, expressed his faith in the technologically advanced nation, explaining how it is equipped with all financial and talent resources to build innovative blockchain-based applications for banks. "I see blockchain technology as a good candidate for future secure financial transaction technology," Belinky told the Times of Israel. "Israel is already a strong player in....
Last week Bitcoin Magazine reported that IBM is considering adopting the blockchain technology behind Bitcoin to create a digital cash and payment system for government and central banks. Now another technology giant is joining the digital fintech technology race: Intel is planning to investigate the potential of blockchain technology. Intel has posted a job announcement for a new researcher to join its special innovation projects group to "investigate hardware and software capabilities that advance the performance, robustness, and scalability of open, decentralized ledgers." Working with....