31 May '16, 5pm

Intel to Develop Blockchain Projects at New Innovation Lab in Israel: Tech giant Intel has open...

Intel to Develop Blockchain Projects at New Innovation Lab in Israel: Tech giant Intel has open...

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 field in Israel and to widen the influence of technology on the financial field, from the user to the cloud," Sharon Puterman-Zafrir, manager of IoT for Intel’s Israeli division, said in a statement, according to the Post. The company is no stranger to internal projects focused on application...

Full article: http://www.coindesk.com/intel-develop-blockchain-solution...

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