The world of altcoin projects and Blockchain technology continues to evolve rapidly, with both established institutions and innovative startups making significant strides. This week, two exciting announcements were made highlighting Blockchain’s potential to revolutionize different sectors.

Jasmy and Panasonic form partnership

Cryptocurrency JASMY announced a groundbreaking partnership with Panasonic, a global electronics giant. The collaboration focuses on developing a secure and user-centered platform for the Internet of Things (IoT). This news, announced by Jasmy’s CFO via a social media post, caused the JASMY token price to soar. The planned platform will leverage blockchain technology to create a decentralized database that seamlessly connects to IoT devices. With the development, the JASMY price experienced a 12 percent increase.

This innovative approach will allow device information to be securely associated with individuals, giving users control over their data. The platform will also make it easier to share data with others in a secure and transparent way. The partnership between Jasmy and Panasonic represents an important step towards a more secure and user-powered IoT ecosystem. While the platform is expected to launch in 3-6 months, it has the potential to disrupt various industries that rely on connected devices.

ANZ Bank, Chainlink and Avalanche partnership hits the altcoin market

Cryptocoin.com As we reported, Australia and New Zealand Banking Group (ANZ), a leading financial institution, has collaborated with Chainlink Labs to explore the integration of Blockchain networks for on-chain settlement solutions. This initiative focused on paving the way for seamless cross-chain transactions by connecting the Avalanche and Ethereum networks.

The collaboration used Chainlink’s Cross-Chain Interoperability Protocol (CCIP), a powerful solution that enables customers to access, trade and settle tokenized assets in different currencies across different networks. The successful simulation involved the purchase of tokenized assets in one stablecoin on the Ethereum network and reconciliation in another stablecoin on the Avalanche network.

ANZ enters the tokenization space

This project is centered around the Delivery and Payment (DvP) protocol, a cornerstone of traditional securities transactions. By tokenizing assets and payments on a unified blockchain infrastructure, ANZ aims to streamline DvP processes, enabling atomic (instantaneous and irreversible) and agentless settlements. The success of this collaboration highlights the convergence of traditional finance and Decentralized Finance (DeFi).

The simulation showed a client using ANZ’s crypto asset services platform obtaining a tokenized New Zealand dollar stablecoin on the Avalanche network. Then, on the Ethereum network, the client purchased tokenized Australian nature-based assets issued as NFTs in another stablecoin pegged to Australian dollars.