1.A $50 million venture capital fund launched by Okta to invest in blockchain and AI startups.

               2. European commission Launches International Association of Trusted Blockchain Applications

1. A $50 million venture capital fund launched by Okta to invest in blockchain and AI startups.

Okta, Inc  has announced at Oktane19 the launch of Okta Ventures, a $50 million investment fund for Blockchain and AI startups . The news was published on its official website

“Okta Ventures will focus on companies building innovative solutions throughout the technology ecosystem, including artificial intelligence, machine learning, and blockchain, with an emphasis on early stage investment.”

The company said that the fund will invest in existing Okta partners in addition to other identity management startups. Portfolio organizations will have approach  to Okta’s products for the first year, in addition to the ability to build products that integrate with Okta’s technology.

“In accordance with Okta’s vision of empowering  any organization to use any technology, Okta Ventures will invest in the growing ecosystem of startups tackling issues like identity, security, and privacy,” said Frederic Kerrest, Chief Operating Officer and co-founder of Okta.

Decentralized identity marks a significant change for the identity industry and we trust we are in the beginning stages of this change,” said Amit Jasuja, Chief Executive Officer of Trusted Key. “Joining the Okta Ventures portfolio gives us a chance to access more than just funds to build our business, as Okta’s experience and depth of knowledge in the identity space will be invaluable as we move ahead.”

About Okta

The Okta Identity Cloud is an independent and neutral platform that safely connects the right people to the right technologies at the right time.With over 6,000 integrations, there’s a good chance we can connect anyone that touches your organization to any technology they want to use. But what really sets us apart is the depth of our integrations. Explore how SAML, automated provisioning, and security analytics can make the apps you already use even better.

2.European commission Launches International Association of Trusted Blockchain Applications

The European commission recently announced the launch of the International Association of Trusted Blockchain Applications (INATBA), this coming perspective was informed in a press release on european commission website on April 3, 2019.

As Per the announcement, INATBA aims to build up a framework that promotes public and private sector collaboration, regulatory convergence, legal predictability and ensures the system’s integrity and transparency.

It is reported that more than some 100 members that have completed signing of the charter include the likes of; IBM, Accenture and Deutsche Telekom. Furthermore, the established names within the crypto world; IOTA, Ripple, ConsenSys, and the Sovrin Foundation.

INATBA Board Members

• Julie Maupin, IOTA – Germany
• Nina-Luisa Siedler, thinkBlocktank – Luxembourg
• Carlos Kuchkovsky, BBVA – Spain
• Henry Rõigas, Guardtime – Estonia
• Paco Garcia, CTO, Yoti – UK
• Jacob Bansgaard ,ERTICO – Belgium
• Nadia Filali, Caisse des Dépots – France
• Maike Gericke, Scrypt Media – France
• Kai Wagner, Jolocom – Germany
• Fabian Friedrich, Blockchance UG, Germany