News26 Jul 2018 11:22
Dloc have 2 commercial products Harmony (the banks, NDAs etc)..won’t bore you further discussing this as the news doesn’t involve Harmony.
Their other commercial product is DLOC. dLoc is a document authentication and verification that reliably authenticates any essential documents, including birth certificates, land titles, and medical records.
Any institution that issues vital records including governments, banks, hospitals, and universities can put the power of blockchain technology and the trust of well-established industry standards into protecting the integrity of their vital records.
Up until today Dloc was in partnership with Linxens..
Linxens according to Reuters today has been sold to Chinese state sponsored Tsinghua Unigroup.
“Chinese chip maker Tsinghua Unigroup has reportedly acquired components maker Linxens in a deal which has not yet been made public”
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According to sources speaking to Reuters, the acquisition is worth roughly 2.2 billion euros ($2.6 billion).
Four banks have reportedly agreed to offer Tsinghua a $1.75 billion bridge loan to finalize the purchase.
The buyout was made over a month ago but has not yet been made public. The deal requires Tsinghua to acquire Linxens from private equity group CVC and there are regulatory hurdles to overcome in France, Germany, and the firm's union.
However, sources told the publication that no objections are expected from regulatory bodies.
Beijing-based Tsinghua Unigroup, a subsidiary of Tsinghua Holdings, is a manufacturer of wireless systems-on-chip and radio-frequency semiconductors. Founded in 1988, Tsinghua's main products are processors suitable for smartphones and mobile handsets, set-top boxes, and other consumer electronics.
Tsinghua are a