Monthly Archives: April 2016

“The Coexist Initiative,” Based In Kenya, Receives Fourth Prize ...

BAKU, Azerbaijan, April 28, 2016 /PRNewswire/ — The Coexist Initiative from Kenya received the 4th prize at this year’s Intercultural Innovation Award (IIA) Ceremony for their “Girls Education Promotion Program.”

“Any girl who is able to finish school is a reward to the world,” says Wanjala Wafula, founder and CEO of the Coexist Initiative. “We are grateful that the IIA has acknowledged our efforts to involve men and boys in breaking down the social and cultural impediments to girls’ education.”

The organization has established itself as a pioneer in promoting gender transformation and advancing human rights, by encouraging men and boys to be champions for girls’ education. Rather than narrowly defining or sidelining the role of men in gender equality, the Coexist Initiative engages men, boys and communities to address complex socio-cultural barriers such as customs of male dominance and the traditional roles of women.

The Intercultural Innovation Award, a partnership between UNAOC and the BMW Group, supports grassroots initiatives that promote intercultural dialogue and understanding, thereby contributing to peace, cultural diversity and more inclusive societies. Close to 1000 applications were received from more than 120 countries, from which ten awardees were selected across five continents. This underlines the award’s importance and commitment to the worldwide promotion of intercultural diversity and understanding.

The award was presented at a dedicated ceremony on 26 April during the 7th Global Forum of the United Nations Alliance of Civilizations (UNAOC), chaired by H.E. Nassir Abdulaziz Al-Nasser, United Nations High Representative for the Alliance of Civilizations, and Mr. Bill McAndrews, Vice President BMW Group Communications Strategy, Corporate and Market Communications

In addition to monetary support, the Coexist Initiative will receive mentoring from UNAOC and BMW Group to help their projects expand and replicate in other contexts. This includes the opportunity to participate in training activities and workshops, as well as to become part of the exclusive “Intercultural Leaders” network. Project support is customized based on the individual and specific needs of award recipients.

In case of enquiries please contact:

Milena Pighi, BMW Group, Spokesperson BMW Group Corporate Social Responsibility
Telephone: +49-89-382-66563, Fax: +49-89-382-24418, Milena.PA.Pighi@bmw.de

Alessandro Girola, UNAOC, Programming Coordinator
Telephone: +1- 929-274-6217, Fax: +1-929-274-6233, alessandrog@unops.org

Internet: www.press.bmw.de
E-mail: presse@bmw.de

South Africa: Freedom Park Host Intergenerational Dialogue As Part of ...

As part of Freedom Month events, Freedom Park will host an Intergenerational Dialogue on the 30 April 2016. It will present a platform where young people will interface directly with freedom stalwarts. The dialogue will endeavour to reaffirm the role of the youth in building a united, democratic, non-racial and non-sexist South Africa.

Through this dialogue young people will learn what it took to attain the freedom and how they can confront challenges and nourish the hard won freedom we now enjoy today.

The dialogue will explore and unpack the values of freedom by the leaders throughout the different epochs of the struggle for humanity and freedom. The youth will also be exposed to history, in particular, the role played by heroes and heroines in the struggle for national liberation.

It will provide an opportunity for the youth of all races to talk about their understanding and experience of freedom, encouraging them to air their views on the question of freedom vs race while also providing recommended solutions.

The dialogue will also afford an opportunity for all South Africans to rally together to fight against poverty and xenophobia, taking into account lessons learnt in the recent past where several foreign nationals where attacked in some townships.

Furthermore, the dialogue will strive to provide an opportunity for the youth to look closely at themselves and their role in promoting social cohesion and nation building.

The dialogue also aims to motivate the youth to heighten their passion and patriotism for their country and to inspire them about the need for quality contribution towards a common national vison for the development of the country.

The Intergenerational Dialogue is in-line with the values espoused in the Freedom Charter and the Constitution, which give direction to the achievement of freedoms and transformation of our country into one which is truly shared by its entire people - black and white - a free country which in its fullest sense belongs to all those who live in it, black and white, women and men.

Details of the event are as follows:

Date: Saturday, 30 April 2016

Time: 10h00

Venue: Freedom Park, Pretoria

Enquires should be directed to:

Pamela Singh

Tel: 012 336 4032

Cell: 082 303 4551

E-mail: Pamela@freedompark.co.za

Naomi Madima

Tel: 012 336 4006

Cell: 060 961 3851

E-mail: naomi@freedompark.co.za

Event Category:

Government activities

Source: South African Government.

Companies Invited to Participate in the Trade and Investment Mission ...

The Department of Trade and Industry (the dti) invites companies to participate in the Trade and Investment mission to Ghana and Nigeria. The mission will take place on 8-12 August 2016.

Companies in the sectors of Agriculture and Agro-processing, Built environment professionals, Automotives and Auto-components, Energy (Oil and Gas), Electro-technical, Infrastructure (rail, road and telecoms) as well as Mining and Capital Equipment are encouraged to apply to the department before 8 June 2016.

The Deputy Minister of Trade and Industry Mr Mzwandile Masina says the objective of this mission to Nigeria in particular is to build on the commitments made during the recent State Visit by President Jacob Zuma in March 2016.

"The visit to both countries provides an ideal platform for South African companies who would like to export value added products and services and for companies who are looking for investment opportunities in West Africa region," he adds.

Masina says Ghana and Nigeria are important role players in African economic performance and thus present a long term export potential for South Africa in terms of investments and trade.

Bilateral trade between South Africa and Ghana experienced an upward trend between 2011 and 2015, growing from R3.1 billion to R4.6 billion respectively, while bilateral trade between South Africa and Nigeria has experienced steady growth with total trade increasing from a total of R28.4 billion in 2011 to R46.1 billion in 2015.

Participating companies will be assisted through the dti's Export Marketing and Investment Assistance Scheme (EMIA).

SOURCE: The Department of Trade and Industry

SOUTH AFRICAN GOVT WON’T OFF-LOAD STATE-OWNED ENTERPRISES

By Joseph Mosia

CAPE TOWN, South African Public Enterprises Minister Lynne Brown says the government has no intention of off-loading State-owned enterprises (SOEs).

Speaking during her department's Budget vote debate in the National Assembly here Wednesday, Brown said these companies contributed to South Africa's job creation, infrastructure development and industrialisation.

"We must maintain ownership of these SOEs, given their size and contribution to our economy. This will be done with private sector participation," she said.

"They are key and strategic assets that we need to keep intact and continue to grow in order to guarantee the future of our children and create viable, sustainable and dependable future employers to reverse the current economic cycle."

She added that these companies were critical in the quest to meet the country's developmental goals and to create jobs for South Africans.

Brown outlined some of the achievements these companies had made in cushioning the country during the current tough economic times.

Following serious problems and constant requirements for government bailouts at some SOEs, calls have been growing for the privatisation of certain of the companies, but the government has so far insisted it will hold on to all strategic SOEs.

Brown said these companies were actually doing a lot to contribute to economic growth. As an example, she announced a new development from State armaments manufacturer Denel which could see it become a major player in moving the people of Africa.

However, opposition parties took issue with the Minister and the way she oversees these companies. Denel came in for special criticism as one of the main transgressors.

Members of opposition parties pointed to several incidents, including its joint venture with VR Laser Asia, which is linked to the controversial Gupta family, to help sell the company's products in Asia.

Democratic Alliances Member of Parliament Natasha Mazzone said: "It has now come to light that Denel did not apply for the conventional arms permit as envisaged by the Act. The deal has not been approved by Minister Brown or the Minister of Finance, Pravin Gordhan, as is required by the PFMA. In the absence of Denel's permanent Chief Executive, Chief Financial Officer and company secretary, all three of whom are on suspension, there is a strong suspicion that they were removed to clear the path for this deal."

SOURCE: NAM NEWS NETWORK

Don’t drive and selfie

As the long weekend kicks off, Communications Minister Faith Muthambi has warned motorists that "the charm of taking selfies while driving may not only get you many 'likes' on social media, but can also lead to death".

Long weekends are notoriously busy periods on the country's roads, where thousands of motorists will be travelling to various destinations.

"We know that alcohol and speeding are some of the major factors leading to fatal crashes on our roads I am deeply concern about this trend of #Drivingselfie usually by young motorists.

"This is not an attempt to control young people on how they can use their smartphones but we want them to understand that taking selfies while driving brings danger to the roads," she said.

Minister Muthambi appealed to law enforcement officers to use the full extent of the law on those they catch taking photos or texting while driving.

"Selfies while driving are becoming more popular and causing major distraction to drivers. We are saying to our motorists, taking a selfie while driving is deadly so please don't do it. As a caring government, we don't want this trend to result in fatal accidents on our roads.

"As government, we love all of you and this country will never be the same without you. So before you embark on those trips, always remember that taking a selfie can end your life ... Selfies behind the wheel are a danger not only to you but also to other motorists," she said.

The Minister said selfies should be about enjoying and celebrating life, and not dangerous moments that can lead to death and injury.

"We are raising this issue because we don't want you to make headlines after crashing your vehicles while attempting to take a selfie ... Taking a selfie while driving is one of the [most foolish] things not to be done on our roads.

"Our plea is that all of us must use our roads with care and always observe the rules of the road," she said. -

SOURCE: Government Communication and information System

Le Guggenheim présente l’art contemporain du Moyen-Orient et de ...

Mais une Tempête Souffle du Paradis (But a Storm Is Blowing from Paradise) ouvre le 29 avril au Musée Solomon R. Guggenheim de New York, puis se rendra au musée Pera d’Istanboul en 2017

NEW YORK, 28 avril 2016 /PRNewswire/ — Du 29 avril au 5 octobre 2016, le musée Solomon R. Guggenheim de New York présente : Mais une Tempête Souffle du Paradis : art contemporain du Moyen Orient et d’Afrique du Nord, la troisième exposition de l’Initiative d’art mondial Guggenheim UBS MAP. Organisée par Sara Raza, curatrice de l’Initiative Guggenheim UBS MAP, Moyen-Orient et Afrique du Nord, l’exposition présente les œuvres d’un vaste éventail d’artistes et de collectifs phares d’une région en pleine évolution, dans une gamme de médiums : photographie, sculpture, vidéo, et œuvres sur papier. Soulevant de multiples questions et idées sur l’histoire coloniale de la région, l’exposition explore des thèmes tels que : architecture et géométrie, modernisme et migration, et le processus d’émergence d’idées cachées.

Photo – http://photos.prnewswire.com/prnh/20160426/359944

Nadia Kaabi-Linke, Flying Carpets, 2011. Stainless steel and rubber, 420 cm x 13 m x 340 cm, edition 2/2 (First edition commissioned by the Abraaj Group Art Prize). Solomon R. Guggenheim Museum, New York, Guggenheim UBS MAP Purchase Fund 2015.92 – Nadia Kaabi-Linke. Installation view: The Abraaj Group Art Prize, Madinat Jumeirah, Dubai, March 16-19, 2011.

Comme lors des deux phases antérieures de l’Initiative MAP qui étaient consacrées à l’art contemporain de l’Amérique latine et de l’Asie du Sud et du Sud-Est, Mais une Tempête Souffle du Paradis propose des œuvres d’art récemment acquises pour la collection permanente du Guggenheim Avec l’appui du Fonds d’achat Guggenheim UBS MAP, la collection s’est enrichie de plus de 125 œuvres de plus de 85 artistes. Plus de 14 000 adultes, familles, éducateurs et étudiants du monde entier ont participé à des programmes sur site ou à des activités numériques interactives. Après son inauguration au Guggenheim, l’exposition se rendra au Musée Pera d’Istanboul en 2017.

Aperçu de l’exposition
Mais une Tempête Souffle du Paradis propose 18 œuvres,  dont beaucoup sont monumentales, et des installations de médias mixtes, réalisées par 17 artistes. Installée sur deux étages des Tower Galleries du musée, l’exposition tire son nom de l’œuvre d’artBut a Storm Is Blowing from Paradise (2010) de Rokni Haerizadeh, qui s’inspire elle-même d’un remarquable essai datant de 1940 du philosophe allemand Walter Benjamin.

Les artistes suivants figurent dans l’exposition :

  • Abbas Akhavan (né en 1977 à Téhéran ; vit et travaille à Toronto)
  • Kader Attia (né en 1970 à Paris ; vit et travaille à Berlin).
  • Ergin Çavuşoğlu (né en 1968 à Targovishte, Bulgarie ; vit et travaille à Londres)
  • Ali Cherri (né en 1976 à Beyrouth ; vit et travaille à Beyrouth et à Paris)
  • Ori Gersht (né en 1967 à Tel-Aviv ; vit et travaille à Londres)
  • Mariam Ghani (née en 1978 à New York ; vit et travaille à New York)
  • Joana Hadjithomas et Khalil Joreige (nés en 1969 à Beyrouth, Liban ;. vivent et travaillent à Beyrouth et Paris)
  • Rokni Haerizadeh (né en 1978 à Téhéran ; vit et travaille à Dubai)
  • Susan Hefuna (née en 1962 à Berlin ; vit et travaille à Düsseldorf)
  • Iman Issa (né en 1979 au Caire ; vit et travaille à New York)
  • Nadia Kaabi-Linke (née en 1978 à Tunis ; vit et travaille à Berlin).
  • Mohammed Kazem (né en 1969 à Dubai ; vit et travaille à Dubai)
  • Hassan Khan (né en 1975 à Londres ; vit et travaille au Caire)
  • Ahmed Mater (né en 1979, à Tabuk, Arabie Saoudite ; vit et travaille à Jeddah, Arabie Saoudite)
  • Zineb Sedira (né en 1963 à Paris ; vit et travaille à Londres).
  • Ala Younis (né en 1974 au Koweït ; vit et travaille à Amman, Jordanie et Londres)

Parmi les acquisitions supplémentaires pour la collection du Guggenheim UBS MAP, figurent des œuvres des artistes Lida Abdul (née en 1973 à Kaboul ; vit et travaille à Los Angeles et Kaboul), Emily Jacir (née en 1972 à Bethlehem ; vit et travaille à Rome, Italie et Ramallah, Palestine) et Gülsün Karamustafa (né en 1946, à Ankara, Turquie ; vit et travaille à Istanbul).

L’exposition est organisée par Sara Raza, curatrice du Guggenheim UBS MAP, Moyen-Orient et Afrique du Nord. Joan Young, directeur des Affaires curatoriales, Solomon R. Guggenheim Museum, assure la supervision artistique de l’initiative MAP avec Amara Antilla, curatrice adjointe.

À propos de l’Initiative d’art mondial du Guggenheim UBS MAP
L’initiative d’art mondial Guggenheim UBS MAP est un programme unique qui offre un accès direct à l’éducation artistique et à l’art contemporain à l’échelle mondiale. Grâce à une étroite collaboration avec des artistes, des conservateurs et des organisations culturelles de l’Asie du Sud et du Sud-Est, ainsi que de l’Amérique latine, du Moyen-Orient et de l’Afrique du Nord, le MAP a ajouté à la collection du Guggenheim, plus de 125 nouvelles œuvres, et a développé des programmes physiques et numériques qui donnent vie à l’art et aux idées.

La première exposition MAP intitulée Sans pays : l’art contemporain de l’Asie du Sud et du Sud-Est (No Country: Contemporary Art for South and Southeast Asia) a été organisée par June Yap et présentée à l’Asia Society Hong Kong Center et au NTU Centre for Contemporary Art Singapore après son ouverture à New York en 2013. La deuxième exposition, Sous le même soleil : l’art de l’Amérique latine d’aujourd’hui(Bajo non mismo sol: Arte de América Latina hoy), a été inaugurée par Pablo León de la Barra et montrée au Museo Jumex de Mexico City jusqu’au 7 février 2016. Après avoir été présentée à New York ; elle se rendra à la South London Gallery du 10 juin au 4 septembre 2016.

Des informations sur les artistes, les curateurs, et les expositions sont disponibles à l’adresse guggenheim.org/MAP.

Documentation supplémentaire
Pour obtenir le communiqué de presse, consultez l’adresse guggenheim.org/pressreleases

Site Web MAP : guggenheim.org/MAP
Site Web UBS : ubs.com/Guggenheim
Médias sociaux : guggenheim.org/social
#GuggUBSMAP

Des traductions du communiqué de presse en anglais, arabe, farsi, français, hébreu et turc seront accessibles à l’adresseguggenheim.org/pressreleases.

Wyndham Hotel Group Introduces Three New Hotels to Africa in Triple ...

New hotels in Ethiopia set to create nearly 500 jobs in the country

DUBAI, United Arab Emirates, April 28, 2016 /PRNewswire/ — Wyndham Hotel Group today announced the signing of three new hotels in Ethiopia following last year’s opening of its first Ramada in the country, the Ramada Addis Ababa, as part of a strategic decision to expand its management services in the African market. Construction of the four-star TRYP by Wyndham Addis Ababa Bole Road is due to begin later this year, co-located with the five-star Wyndham Addis Ababa Bole Road, which is already under development. Initial work on the four-star Wyndham Garden Langano has also begun at its stunning lakefront location 180km south of Addis. The properties are owned by Santa Maria Real Estate & Hotels Plc of Addis Ababa.

Abel Sahlemariam Woldegiorgis, director of Santa Maria Real Estate and Hotels PLC and Geoff Ballotti, president and chief executive officer of Wyndham Hotel Group, celebrate the signing of three new hotels.

Photo – http://photos.prnewswire.com/prnh/20160428/361073
Logo – http://photos.prnewswire.com/prnh/20150914/266087LOGO

With the Ethiopian Ministry of Culture and Tourism’s recent announcement of its target to triple the number of annual foreign visitors in the country to more than 2.5 million by 2020, the demand for quality and internationally branded upscale accommodation is high. The signing of these three new hotels by Wyndham Hotel Group will contribute towards the Ministry’s ultimate goal of making Ethiopia one of Africa’s top five tourist destinations by 2020.

Dan Ruff, Wyndham Hotel Group’s president and managing director for EMEA, commented: “East Africa is a key market for us with its extensive and ongoing infrastructure improvements resulting in the steady growth of international tourism to the area. This triple signing marks a commitment to Ethiopia’s thriving hospitality industry, not only bringing high-end accommodation and facilities to travellers, but also, significantly, creating approximately 500 local jobs. The new Bole Road properties are ideally situated for corporate travellers visiting the important commercial hub of Addis Ababa, and the beautiful Wyndham Garden Langano offers visitors a taste of luxury in a breathtaking lakefront location.”

TRYP by Wyndham Addis Ababa Bole Road
Conveniently located at Addis Ababa’s busiest address, just 1.3km from the international travel hub, Bole International Airport, the TRYP by Wyndham Addis Ababa Bole Road is a milestone for the hotel group, marking the first hotel to open on the continent under this well-known brand. The new-build will boast 120 rooms, including 12 suites. Its excellent leisure facilities will incorporate a rooftop fitness area, sauna and spa, along with a comprehensive food and beverage offering comprising an all-day restaurant, cocktail bar and lounge to offer guests a variety of environments to relax and dine in. The hotel will open its doors at the end of 2020.

Wyndham Addis Ababa Bole Road
Situated adjacent to the new TRYP by Wyndham, the Wyndham Addis Ababa Bole Road will offer its guests an unrivalled level of luxury in the convenience of its central location. This new signing also marks the first Wyndham to open in Africa and is set to bring the brand’s global quality and reputation to Addis Ababa’s visitors. Extensive meeting facilities combined with the very best in leisure amenities will offer the perfect package to all types of travellers. The hotel’s 161 rooms, including nine suites, are expected to attract visitors from all over the globe. Guests can relax in their choice of two restaurants and two lounges or in the hotel’s juice bar and café for more informal settings. The hotel is expected to start welcoming guests at the end of next year.

Wyndham Garden Langano
Located on the shores of the spectacular Lake Langano, south of Addis Ababa, the Wyndham Garden Langano is set to become the first hotel from an internationally recognised brand to offer guests true peace and tranquility in this beautiful setting. Its 112 rooms include 12 suites and 24 deluxe rooms, bringing guests a variety of options to suit their budget. Guests can enjoy not only the hotel’s outdoor swimming pool, spa, and tennis court, but can also take advantage of water-sports facilities on Lake Langano. The hotel also boasts an impressive food and beverage offering including two restaurants, a cocktail bar and lounge. The Wyndham Garden Langano is set to open at the end of 2018.

Wyndham Hotel Group.

Owner Abel Sahlemariam Woldegiorgis added, “This triple signing with Wyndham Hotel Group marks a milestone for us in bringing three new properties to Ethiopia’s visitors and travellers. We’re confident that visitor numbers to both Addis and the country as a whole are on the rise, and with that increase will come a higher demand for the quality branded accommodation we’ll be offering.”

All Wyndham Hotel Group’s properties in the region participate in Wyndham Rewards®, the simple-to-use, revolutionary loyalty programme from Wyndham Hotel Group that offers members a generous points earning structure along with a flat, free-night redemption rate in 72 countries across the world – the first of its kind for a major hotel rewards programme. To learn more or to join for free, guests should visit www.wyndhamrewards.com.

About Wyndham Hotel Group
Wyndham Hotel Group is the world’s largest hotel company based on number of hotels and is one of three hospitality business units of Wyndham Worldwide (NYSE: WYN). As both a leading hotel brand franchisor and hotel management services provider, the company’s global  portfolio consists of nearly 8,000 properties and approximately 679,100 rooms in 73 countries under the following brands: Dolce Hotels and Resorts®, Wyndham Grand®, Wyndham Hotels and Resorts®, Wyndham Garden® Hotels, TRYP by Wyndham®, Wingate by Wyndham®, Hawthorn Suites by Wyndham®, Microtel Inn & Suites by Wyndham®, Ramada®, Baymont Inn & Suites®, Days Inn®, Super 8®, Howard Johnson®, Travelodge® and Knights Inn®. Wyndham Rewards, the company’s guest loyalty program, offers more than 45 million members the opportunity to earn and redeem points at thousands of hotels across the world. For more information, visit www.wyndhamworldwide.com.

About TRYP by Wyndham
Part of Wyndham Hotel Group, TRYP by Wyndham® represents 120 hotels and 17,000 rooms across Europe and the Americas. The brand caters to business and leisure travelers in cosmopolitan cities including Madrid and Barcelona in Spain; Paris, France; Lisbon, Portugal; Frankfurt and Berlin, Germany; Buenos Aires, Argentina; Sao Paulo, Brazil; and New York City, U.S. The brand celebrates openly displaying passion for the cities in which its hotels are located. Reservations and information are available by visiting www.tryphotels.com. Travelers have the opportunity to earn and redeem points through Wyndham Rewards®, the brand’s guest loyalty program, which can be joined for free at www.wyndhamrewards.com. All TRYP by Wyndham hotels are either franchised by TRYP Hotels Worldwide, Inc. (THW), or its affiliate, or managed by an affiliate of Wyndham Hotel Group, LLC. THW is a subsidiary of Wyndham Hotel Group, LLC and parent company Wyndham Worldwide Corporation (NYSE: WYN).

Wyndham Hotel Group is the world’s largest hotel company based on number of hotels, encompassing nearly 8,000 properties and approximately 679,100 rooms in 73 countries. Additional information is available at www.wyndhamworldwide.com. For more information about hotel franchising opportunities visit www.whgdevelopment.com.

About Wyndham Hotels and Resorts
Part of Wyndham Hotel Group, Wyndham Hotels and Resorts, LLC, offers upscale hotel and resort accommodations at approximately 200 properties throughout the United States, Canada, Mexico, Central and South America, the Caribbean, Europe, the Middle East and China. Most Wyndham® hotels are franchised by Wyndham Hotels and Resorts, LLC or its affiliate. Certain Wyndham hotels are owned or managed by an affiliate of Wyndham Hotel Group, LLC. Additional information and reservations for all Wyndham hotels are available by visiting www.wyndham.com. Travelers have the opportunity to earn and redeem points through Wyndham Rewards®, the brand’s guest loyalty program, which can be joined for free at www.wyndhamrewards.com. Wyndham Hotel Group is the world’s largest hotel company based on number of hotels, encompassing encompassing nearly 8,000 properties and approximately 679,100 rooms in 73 countries. Additional information is available at www.wyndhamworldwide.com. For more information about hotel franchising opportunities visit www.whgdevelopment.com.

BearingPoint Spin-Off Elevence Joins Forces With Digital Asset ...

Management and Technology Consultancy BearingPoint Transfers Blockchain Technology to Digital Asset Holdings

AMSTERDAM, NETHERLANDS–(Marketwired – Apr 27, 2016) –  As part of its Ventures activities, management and technology consultancy BearingPoint recently entered into a transaction with Digital Asset Holdings (Digital Asset), a developer of distributed ledger technology for the financial services industry, whereby BearingPoint transferred its powerful blockchain technology for financial institutions. As part of this transaction, Digital Asset acquired Zurich-based blockchain specialist Elevence Digital Finance AG (Elevence), which was seed-funded by BearingPoint Ventures for developing its blockchain assets.

Early in 2015, BearingPoint incubated the development of an expressive language for financial institutions to model and execute agreements with certainty and finality. The goal of this spin-off was to create a concept for a distributed digital database, authentication system and a basic system implementation (blockchain), and in the long run to offer a market solution. This technology offers the superior benefits needed to establish a new standard in global finance for trading, clearing and settlement of all financial contracts (cash, securities, derivatives, etc.).

“Blockchain technology is a potential game changer for global financial markets. The shared ledger technology that underpins bitcoin has the power to transform business models, connect new counterparties and generate sweeping efficiencies,” commented Marcel Nickler, Partner and Regional Leader for Central Continental Europe at BearingPoint. “I’m very happy to see how the ecosystem of innovation we created as part of our Ventures strategy achieved global success and once more resulted in a quick response to an imminent challenge of our clients.”

About Digital Asset Holdings
Digital Asset builds distributed, encrypted straight through processing tools. Their technology improves efficiency, security, compliance and settlement speed. The New York-headquartered firm has offices in London, Sydney, San Francisco, Zurich, Tel Aviv and Budapest. Since launch, Digital Asset has sought complementary talent and technology by acquiring three other companies: Hyperledger, Bits of Proof and Blockstack. Last year, the firm became a founding premier member of the Linux Foundation’s open source Hyperledger Project, to drive the adoption and standardization of distributed ledger technology.

Contact: media@digitalasset.com
Website: www.digitalasset.com

About BearingPoint
BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of 9,700 people serves clients in more than 70 countries and engages with them for measurable results and long-lasting success.

For more information, please visit: www.bearingpoint.com

Press contact
Alexander Bock
Manager Communications
+49 89 540338029
Mailto: alexander.bock@bearingpoint.com
Twitter: @BearingPoint