Tolar News

Tolar HashNET at the UNECE side event in Geneva

April 2019

Read Time: 4 minutes

Tolar HashNET participated at the UNECE (UN/CEFACT) side event — Start-ups for smart cities in a digital world: Harnessing the potential of Blockchain for smart cities, that highlighted the role of innovative blockchain solutions in fostering economic and social growth of smart sustainable cities, in particular the role of start-ups in building capacity for blockchain solutions.Tolar HashNET was one of the few selected start-ups invited to participate in this prestigious event. Tadej Slapnik, our Director and Mario Gigovic, Founder of communia (which is based on HashNET technology), joined the first panel discussing Smart City Blockchain Infrastructure.. 


We are very proud that Tolar HashNET is one of 15 use cases highlighted in Blockchain “white paper” as Sustainable, Scalable and Fast new generation of blockchain technology suitable for public and private services.


Tolar HashNET has been recognized as a fast distributed ledger solution in supporting UN’s Sustainable Development Goals (8,9,11 and 12) by UN’s Economic and Social Council, in the document Blockchain in Trade Facilitation: Sectoral challenges and examples, which will be presented at the 68th session of the Economic Commission for Europe on April 9, 2019 


UN/CEFACT, the United Nations Centre for Trade Facilitation and Electronic Business, supports activities dedicated to improving the ability of business, trade and administrative organizations, from developed, developing and transition economies, to exchange products and relevant services effectively. Its principal focus is on facilitating national and international transactions, through the simplification and harmonization of processes, procedures and information flows, and so contributing to the growth of global commerce. For more information on UN/CEFACT: https://www.unece.org/cefact 


Increasing momentum of alternatives as an asset class


More than half of the 660 global institutional investors surveyed by Natixis Global Asset Management in 2016 said that it is essential to invest in alternatives to outperform in the broader markets. Investments made by AIFs surpassed INR 24,800 crore at the end of the second quarter of 2016-17, as against INR 11,255 crore at the end of September 2015


A new breed of fund managers eager to plug the gaps


India has a wider pool of experienced fund managers, across asset classes today. These fund managers have the confidence, expertise, as well as a strong network of relationships to fly solo. Several fund managers are dissatisfied with the typical administrative hassles and incommensurate incentives at established funds and institutions. Payoffs in a smaller setup can be similar or even better than at larger organizations, without the hassles


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