California Software board approves JV proposal for i-Cryptocurrency, ICO

The board of California Software Company today approved a joint venture proposal submitted by Infinia solutions and Services to launch ICO, 'i-Cryptocurrency' and i-Digital Tokens and Coins'.

In a BSE filing, the company said its board has approved the resolution for "a JV proposal submitted by Infinia solutions and Services to launch ICO (Initial Coin offering), 'i-Cryptocurrency' and i-Digital Tokens and Coins in various countries on Blockchain technology".

Infinia, which is a full-service loyalty solutions company, touches 120 million end-consumers and serves 23 enterprise customers.

The filing said these proposed digital tokens would be consumed by customers as well as merchants in the Infinia loyalty ecosystem.

"The total investment required for creation of the platform and to launch the tokens on blockchain technology would be invested by California Software Company," the filing said.

************************ Oppo, Dolby form global strategic IP partnership *

Handset maker Oppo has formed a global strategic intellectual property partnership with Dolby Laboratories.

Under the partnership, Oppo will collaborate with Dolby for the latter's High-Efficiency Advanced Audio Coding (HE AAC), JPEG-HDR and other audio and video technologies.

HE AAC is an international standard for audio encoding authorised for use by Dolby Laboratories to companies globally, it added.

"Dolby is a leader in creating spectacular audio and video experiences, and we are excited to partner with them to further our innovation and global growth, Adler Feng, Director of Oppo's IP Department, said.

This partnership will enable Oppo to create more remarkable smartphones with exciting technological innovations and spectacular user experiences, Feng added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)