DiGiSPICE: Industry Monitoring 19 March 2019
- Priyanka Kanodia
- Mar 27, 2019
- 6 min read
DiGiSPICE
Industry News
Nazara, Delta Corp invest Rs 40 crore in fantasy sports startup Halaplay
Publication- ET Tech
Edition- Online
Date- 19 March, 2019
Mobile gaming startup Nazara Technologies along with listed casino gaming company Delta Corp, have together invested Rs 40 crore in fantasy sports player, Halaplay Technologies. This is the startup’s Series A round of funding. Nazara is an existing backer of the Mumbai-based company which also counts Kae Capital as a seed stage investor. The gaming startup was founded by Swapnil Saurav, Prateek Anand, Ananya Singhal and Aman Kesari in January 2017, and has since raised an estimated Rs 7-8 crore till date. With the newly raised funds, Halaplay will push its marketing, product development and expand the team.
The company saw 10x user growth in the last one year and looks to grow with over 1 crore active players in the upcoming cricket season, said the company in a statement. While Nazara has been investing in segments like real money gaming, premium, e-sports and others, this is the home-grown company’s only investment in fantasy gaming space.
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Affle Completes its Omni-channel Consumer Platform With the Acquisition of Shoffr
Publication- Business Standard
Edition- Online
Date- 19 March, 2019
Affle (India) Limited ("Affle") announced today that its Singapore subsidiary, Affle International Pte. Ltd. ("Affle International"), has acquired Shoffr, a Singapore-based online to offline (O2O) platform that converts online consumer engagements into in-store walk-ins and transactions. As part of the transaction effective 19 February 2019, Shoffr Pte. Ltd.'s business, brand name, intellectual property rights, business relationships, technical information, assets and employees have been transferred to Affle Group.
Shoffr enables online to offline consumer journeys by converting online engagements into in-store walk-ins and transactions. It reveals offline retail stores inventories online via API and programmatic links and provides catalog management, order management with measurable ROI to retail brands. This acquisition will strengthen the Affle group's Consumer & Enterprise platforms by providing an integrated consumer journeys and allow brands to transparently attribute the impact of digital advertising on in-store footfalls and transactions.
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Vodafone Idea selects Nokia, Ericsson for LTE network
Publication- Telecom Lead
Edition- Online
Date- 19 March, 2019
Nokia will deploy telecom equipment, including Single RAN Advanced, massive Multiple Input Multiple Output (MIMO) and small cells. These deployments will enable Vodafone Idea subscribers to enjoy higher-bandwidth applications and services. Ericsson in February announced its deal with Vodafone Idea to deploy 5G-ready equipment across select markets in India. Ericsson, one of the main rivals of Nokia, will be assisting Vodafone Idea in 8 telecom circles.
Ericsson is supplying radio access and transport equipment from its 5G-ready Ericsson Radio System portfolio, including the MINI-LINK 6000 microwave backhaul solution. Nokia today said its Single RAN solution will enable Vodafone Idea to simplify its network installation and management. The deployment of massive MIMO technology will enhance capacity and speed.
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10 IoT Startups Making A Wave In Singapore
Publication- Analytics India Magazine
Edition- Online
Date- 19 March, 2019
As the Internet of Things makes strides across the globe, Southeast Asia is picking up the pace with countries like Singapore, Indonesia and Malaysia boosting IoT startups. Meanwhile, reports suggest IoT spending has gone up to US$7.53 billion in 2020. Singapore particularly is at the forefront of IoT implementation as it is witnessing IoT startups in areas such as smart home solutions, smart building, IoT devices, industrial IoT, smart factory and more. The efforts are directed towards enabling a national ecosystem to boost industrialisation and economic growth. There are many investors and incubators that are taking a special interest in driving growth of these startups. In this article, we list 10 such high-growth IoT startups in Singapore that are making a wave not just in Singapore but across the globe.
Founded by like-minded industry professionals with years of experience in mechatronics and 3D visualisation, this startup aims at providing value-based solutions using IoT and Immersive Reality implementation. The startup creates end-to-end IoT and AR, VR solutions while deploying on-premise and Cloud solutions for IoT/IIoT, automate workflows and use Scientific analysis, to generate real-time dashboards. Based out of Singapore, India and Canada, the startup team comprises of domain experts such as developers, Solution Architects, Sensor/Control Systems Engineers etc.
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Mitsubishi to setup security team to fight cyber-attacks on IoT products
Publication- Tech Observer
Edition- Online
Date- 19 March, 2019
Mitsubishi Electric Corporation said that it will establish the Product Security Incident Response Team (PSIRT) as a new company-wide framework dedicated to promptly and reliably responding to and reducing cybersecurity risks in products and related services in all divisions and branches. The team will begin working from April 1, 2019.
As the adoption of IoT continues to spread, the risk of products being exposed to cyber-attacks is rising. Companies that sell networked products are obliged to counter such vulnerabilities and responsibly disclose information if customers are ever impacted by such threats. Mitsubishi Electric’s new PSIRT unit will create a company-wide framework for controlling and managing product security activities to help customers avoid serious damage or impact from cybersecurity risks.
PSIRT managers will be appointed in every business group headquarter and factory to oversee risk reduction and product security, with the PSIRT providing supervision from company headquarters. In addition to responding to product security vulnerability, the team will strengthen security-related technical efforts from the product development stage.
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IBM launches global blockchain-based payments network
Publication- Computer World
Edition- Online
Date- 19 March, 2019
IBM today unveiled Blockchain World Wire, a near real-time global payments network based on distributed ledger technology (DLT) for regulated financial firms. The blockchain-based network will offer a new way for cross-border payment exchange and international settlement. (The settlements can be done in five to 10 seconds.) The network is currently able to transfer funds to more than 50 countries using 47 digital coins backed by fiat currencies.
IBM claims its World Wire is the first blockchain network of its kind to integrate payment messaging and clearing and settlement on a single unified network while allowing participants to dynamically choose from a variety of digital assets for settlement.
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How Blockchain Can Improve Cyber Security
Publication- Krypto Money
Edition- Online
Date- 19 March, 2019
The advent of the internet and related technologies has impacted many people’s ways of life and the way organizations are run. It has led to easy access to information, necessary for running the day to day undertakings and in diverse platforms. However, all these positive impacts of the internet have also come at a cost. It has not been easy to use and depend on the internet and related technologies.
With many people and organizations relying on the internet and connected systems these days, it has not been easy to secure data and computerized devices. Cyber threats have been a major issue that has been costly to solve or eradicate for good. Access to effective database backup solutions has also not been a hassle-free journey.
Cybersecurity problems have been a major issue affecting millions of people and organizations on a daily basis. Solutions for solving internet threats have been limited and this incapability has affected the lives of many internet users and daunted many organizations. Cybersecurity affects the whole world. It does not just affect governments or businesses, but you can also wake up and find it hard to even use your smartphone or laptop.
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Riot Blockchain Files For Regulated Cryptocurrency Exchange in the US SEC
Publication- Krypto Money
Edition- Online
Date- 19 March, 2019
A publicly traded United States-based company Riot Blockchain files a request with the US Securities and Exchanges Commission (SEC) to launch RiotX, a new regulated cryptocurrency exchange in the country, by the end of Q2 2019.
As per the documents published by the SEC on March 14, RiotX declared that its subsidiary, RiotX Holdings Inc, would overlook the new exchange and the banking services will be handled by an Application Programming Interface (API) created by software company SynapseFi.
Amongst other function that the API will oversee, the bank will serve as a security enhancement by tracking user location and presumably preventing fraudulent use of the service. For example, the bank could spot if the exchange is used in Wyoming or Hawaii, U.S. member states where it is not allowed and could stop the improper use.
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Novum Global Ventures Launches Official Blockchain Accelerator Program Named Novum Global Accelerator
Publication- Owlt Market
Edition- Online
Date- 19 March, 2019
Novum Global Ventures, a global blockchain tech company based in Singapore that offers end-to-end solutions to startups focusing on skills needed to develop their business via fundraising, marketing, announced today that it has launched its accelerator program, Novum Global Accelerator. Novum Global Ventures has begun accepting applications for potential new startups.
Novum Global Ventures was developed from the team behind Novum Capital, a blockchain advisory firm, which has had many notable and successful projects in 2018. Novum Global Ventures Chairman Chris Low, and CEO Victor Chow, are both serial entrepreneurs with strong backgrounds in fundraising, fintech, and business development. Mr. Low and Mr. Chow both saw that there was a strong need to create this accelerator program to help the many startups they are seeing in the global marketplace.
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