Today’s top tech news, May 2: Impact Hub Singapore rebrands as Found

Today’s top tech news, May 2: Impact Hub Singapore rebrands as Found

Also, Fysical partners with Streamr, Blocnation launches ICO, and Flipkart aims to go private.

Impact Hub Singapore rebrands as Found., opens new site – [Email announcement]

Impact Hub Singapore has announced that it is rebranding as Found., according to an email sent out to the company’s subscribers.

The rebranding is due to Found. leaving the Impact Hub network to “scale their impact and operations regionally and globally” and address the “need for curated ecosystems that bring together the entrepreneurs, thought leaders, disruptors, rebels, corporate and government leaders.” They indicated that they maintain ties with all Impact Hubs.

Found. also announced that they are opening their flagship site in Singapore that will see an increased focus on corporate innovation.

Prior to their rebranding, Found. has built a community of 2,500 members across two locations in Singapore.

Also read: MaGIC launches pre-accelerator bootcamp for female entrepreneurs in Southeast Asia

Fysical partners with Streamr in a bid to put consumers back in control – [Press release]

Singapore-based Fysical, a human location data provider, has announced its partnership with blockchain-backed data platform Streamr.

This announcement came in the wake of Facebook data scandals and aims to allow consumers to reclaim and monetise the real-time data that is being generated about them from hundreds of mobile apps and other devices.

Fysical sells around 15 million data points from mobile and IoT devices to over a thousand organisations from various industries like advertising, real estate, financial services, academe, and organisations with interests in machine learning.

The company will work with Steamr to develop an easy-to-use permission mechanism that will give people the ability to deny the use of or double verify their data, on top of vending the data on Steamr’s real-time data Marketplace.

“Streamr’s aim is to do data differently, and this partnership shows just that. We know that the IoT economy is already generating vast amounts of information about human behaviour. We have to make sure that this wealth of data isn’t captured by a select few data giants of the future because we don’t want to make the mistakes of the past,” said Henri Pihkala, Steamr CEO.

Also read: Mobike co-founder and CEO Davis Wang resigns, Hu Weiwei takes the handlebars

Blocnation launching decentralised ICO, to power cryptocurrency payment capabilities across PouchNATION – [Press release]

Blocnation has announced the launch of it’s ICO, the Blocnation Token, operating on it’s own blockchain built by Komodo Platform, according to a press release. Cashless payment system PouchNATION will be the exclusive rollout partner of Blocnation, using the Blocnation Token as it’s standard digital currency in its network of events, venues, and festivals across Southeast Asia.

“We are excited to be working with Komodo as their first Premier Partner on the world’s first ever dICO”, said Blocnation CEO Graeme Perkins. “Together we are ushering in a new era of secure and borderless cryptocurrency payment options where Blocnation can leverage the technological innovation provided by the Komodo Platform and the market position of PouchNATION for rapid adoption across Southeast Asia and beyond.”

To start, the Blocnation app will enable users to hold altcoins, acquire event tickets, book accommodation at venues, top-up online, get post cash-back and more. The use of NFC technology and a closed loop payment solution will ensure secure and instantaneous transactions and zero transaction fees.

Flipkart seeks to go private, prepares buy back shares – [Economic Times]

Flipkart, India’s largest online retailer, is preparing to buy back US$ 400 million worth of shares from small investors as it seeks to regain its private limited company status in Singapore ahead of an investment from Walmart, according to a report by Economic Times.

Registered as a public company is Singapore, Flipkart needs to drop its shareholders to 50 to be recognised as a private company. The companies shareholders currently number around 145.

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