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What is EQUI?
Venture Capital Transformed
EQUI, a new investment platform opens up venture capital to a wider audience, providing access to vetted, early-stage high-growth tech companies. EQUI allows individuals to combine forces and participate in an investment sector that has traditionally been the preserve of institutions and ultra-high net worth individuals.
EQUI is a web-based application leveraging the Ethereum blockchain to showcase exciting investment projects, that anyone can gain a stake in, using the new cryptocoin, EQUItoken. EQUI seeks to reward participants who share their vision, offering an enhanced incentive structure.
An Experienced and Dynamic Team
Backed by a board of successful and visionary entrepreneurs, EQUI harnesses a vast global network to identify innovative pioneers and exciting ventures that will excel from the injection of not just finance but also operational and strategic expertise. Businesses brought on to the EQUI platform will benefit from the guidance of the experienced team through mentorship and support.
A Game Changer in the Venture Capital Space
Utilising new technology and combining it with traditional venture capital investment models, EQUI is a unique offering that will disrupt conventional thinking in this space.
The EQUI Vision
https://youtu.be/N0eUZURrHZg
Venture Capital Transformed
EQUI, a new investment platform opens up venture capital to a wider audience, providing access to vetted, early-stage high-growth tech companies. EQUI allows individuals to combine forces and participate in an investment sector that has traditionally been the preserve of institutions and ultra-high net worth individuals.
EQUI is a web-based application leveraging the Ethereum blockchain to showcase exciting investment projects, that anyone can gain a stake in, using the new cryptocoin, EQUItoken. EQUI seeks to reward participants who share their vision, offering an enhanced incentive structure.
An Experienced and Dynamic Team
Backed by a board of successful and visionary entrepreneurs, EQUI harnesses a vast global network to identify innovative pioneers and exciting ventures that will excel from the injection of not just finance but also operational and strategic expertise. Businesses brought on to the EQUI platform will benefit from the guidance of the experienced team through mentorship and support.
A Game Changer in the Venture Capital Space
Utilising new technology and combining it with traditional venture capital investment models, EQUI is a unique offering that will disrupt conventional thinking in this space.
The EQUI Vision
https://youtu.be/N0eUZURrHZg
YouTube
Doug Barrowman Introduction to Equi
Lead Founder, Doug Barrowman launches EQUI and explains the thinking behind the concept. For further information about EQUI, please visit https://equi.capital
Capital Markets Blockchains Are Finally Getting Go-Live Dates
https://www.coindesk.com/capital-markets-blockchains-finally-getting-go-live-dates/
https://www.coindesk.com/capital-markets-blockchains-finally-getting-go-live-dates/
CoinDesk
Capital Markets Blockchains Are Finally Getting Go-Live Dates - CoinDesk
Big financial market infrastructure players detailed their progress on blockchain conversions, with real timelines for going live, at Consensus 2018.
💥The experience layer of the decentralized internet
Is Cardstack the Future of Decentralized Applications?
At the moment, everyone using a mobile phone, has several social applications, messengers etc. We have applications for everything: learning foreign languages, watching videos, communicating with friends, shopping, and so on. And it seems all right, it is really convenient, but did you try watching the video and write a message to a friend at the same time? However, no one has come up with such a convenient feature for combining all these applications in one. With the advent of numerous new applications and social networks, the user has a bunch of new accounts, sites, different logins and passwords that he should remember! The advent of blockchain and dApps aggravated the situation, requiring users to acquire and manage tokens of applications for each of the functions.
CardStack is developing an application for everything so that users can watch the video, write messages, and scroll through the feed. And all this can be done in one application. Moreover, with the advent of the ability to combine everything in one application, this will significantly reduce the time for transitions from one application to another, and you won't have to remember all your logins and passwords!
The popularization of the blockchain technology and its mass circulation in various industries allows the users from all over the world to discover new opportunities. A variety of applications are created literally every day on the base of the blockchain, but it is worth acknowledging that their number is rather small, compared with the usual centralized solutions. Cardstack is designed to solve the problem of creating, accessing and promoting decentralized applications, as well as providing developers with a unique set of tools that will reveal the potential of a decentralized approach for everyone.
The Cardstack Framework is an integrated SDK that will allow any user to create interconnected decentralized applications for various platforms. Thanks to the multi-level approach and blockchain technology, we will get a completely new generation of applications. By combining so-called different layers into new services, developers will receive a truly unique tool that a centralized application or platform can ever boast of.
The idea of the project is the transition from the vertical orientation of the software to the horizontal layers. The orientation to the horizontal layers allows native applications, cloud applications, and dApps to create a future software stack.
Cardstack is a leap forward for blockchain at every layer of the software stack — providing a toolset that unlocks the potential of the decentralized Internet for everyone.
✅ App Framework. Cardstack Framework is a comprehensive SDK for building powerful, cohesive blockchain apps.
✅ Aggregation Protocol. Cardstack-powered dApps can tap into the Tally protocol, which gives dApps the power to perform complex computations to organize large networks of users — such as batching payments, counting votes, and rewarding good work.
✅ Ecosystem Token. Developers can monetize their Cardstack- based apps via the smart contracts powered by the Cardstack Token (CARD), an Ethereum-based ERC20 token designed to fairly reward Cardstack- powered communities.
CARD Token and ICO Details
The Cardstack ecosystem is built in such a way that developers can monetize their applications and receive rewards. ERC-20 CARD tokens are created on the Ethereum blockchain and will become the main unit of account in the whole ecosystem.
✅ Symbol: CARD
✅ Token Type: ERC20 on Ethereum
✅ Number of tokens: 6,000,000,000
✅ Accepted currency: ETH
✅ Hard Cap: $35,000,000
✅ Soft Cap: $10,000,000
✅ Tokens available for sale: 40%
Website
ANN
Telegram
Author link
Is Cardstack the Future of Decentralized Applications?
At the moment, everyone using a mobile phone, has several social applications, messengers etc. We have applications for everything: learning foreign languages, watching videos, communicating with friends, shopping, and so on. And it seems all right, it is really convenient, but did you try watching the video and write a message to a friend at the same time? However, no one has come up with such a convenient feature for combining all these applications in one. With the advent of numerous new applications and social networks, the user has a bunch of new accounts, sites, different logins and passwords that he should remember! The advent of blockchain and dApps aggravated the situation, requiring users to acquire and manage tokens of applications for each of the functions.
CardStack is developing an application for everything so that users can watch the video, write messages, and scroll through the feed. And all this can be done in one application. Moreover, with the advent of the ability to combine everything in one application, this will significantly reduce the time for transitions from one application to another, and you won't have to remember all your logins and passwords!
The popularization of the blockchain technology and its mass circulation in various industries allows the users from all over the world to discover new opportunities. A variety of applications are created literally every day on the base of the blockchain, but it is worth acknowledging that their number is rather small, compared with the usual centralized solutions. Cardstack is designed to solve the problem of creating, accessing and promoting decentralized applications, as well as providing developers with a unique set of tools that will reveal the potential of a decentralized approach for everyone.
The Cardstack Framework is an integrated SDK that will allow any user to create interconnected decentralized applications for various platforms. Thanks to the multi-level approach and blockchain technology, we will get a completely new generation of applications. By combining so-called different layers into new services, developers will receive a truly unique tool that a centralized application or platform can ever boast of.
The idea of the project is the transition from the vertical orientation of the software to the horizontal layers. The orientation to the horizontal layers allows native applications, cloud applications, and dApps to create a future software stack.
Cardstack is a leap forward for blockchain at every layer of the software stack — providing a toolset that unlocks the potential of the decentralized Internet for everyone.
✅ App Framework. Cardstack Framework is a comprehensive SDK for building powerful, cohesive blockchain apps.
✅ Aggregation Protocol. Cardstack-powered dApps can tap into the Tally protocol, which gives dApps the power to perform complex computations to organize large networks of users — such as batching payments, counting votes, and rewarding good work.
✅ Ecosystem Token. Developers can monetize their Cardstack- based apps via the smart contracts powered by the Cardstack Token (CARD), an Ethereum-based ERC20 token designed to fairly reward Cardstack- powered communities.
CARD Token and ICO Details
The Cardstack ecosystem is built in such a way that developers can monetize their applications and receive rewards. ERC-20 CARD tokens are created on the Ethereum blockchain and will become the main unit of account in the whole ecosystem.
✅ Symbol: CARD
✅ Token Type: ERC20 on Ethereum
✅ Number of tokens: 6,000,000,000
✅ Accepted currency: ETH
✅ Hard Cap: $35,000,000
✅ Soft Cap: $10,000,000
✅ Tokens available for sale: 40%
Website
ANN
Telegram
Author link
Cardstack
Cardstack · Software for an Open World
Cardstack is a composable open software ecosystem built on the foundation of shared code, shared data, and shared revenue.
Sberbank Buys Commercial Bonds Issued Over Blockchain Platform
https://www.coindesk.com/sberbank-buys-commercial-bonds-issued-over-blockchain-platform/
https://www.coindesk.com/sberbank-buys-commercial-bonds-issued-over-blockchain-platform/
CoinDesk
Sberbank Buys Commercial Bonds Issued Over Blockchain Platform
Russian bank Sberbank CIB and telecoms firm MTS have conducted what they say is the country's first commercial bond transaction made using blockchain.
Social Network Adopts Civic's Blockchain ID System
https://www.coindesk.com/social-network-adopts-civics-blockchain-id-system/
https://www.coindesk.com/social-network-adopts-civics-blockchain-id-system/
CoinDesk
Social Network Adopts Civic's Blockchain ID System - CoinDesk
Civic has launched a decentralized identity verification system, and crypto social network platform Hilo is the first to use it.
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#WeiCrowd #TokenSale #ICO #ICOSale
⏩⏩Our ICO Phase 1 Sale is Now Active.
⏩Participate Here - http://ow.ly/BouK30k1A8I
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NY Grants Fifth-Ever BitLicense to Crypto Exchange Genesis Global Trading
https://www.coindesk.com/ny-grants-fifth-ever-bitlicense-crypto-exchange-genesis-global-trading/
https://www.coindesk.com/ny-grants-fifth-ever-bitlicense-crypto-exchange-genesis-global-trading/
CoinDesk
NY Grants Fifth-Ever BitLicense to Genesis Global Trading - CoinDesk
The license is has come in for intense criticism, in part because so few firms have been granted one.
Fred Wilson Explains Why Warren Buffett Doesn’t Get Bitcoin
https://bitcoinmagazine.com/articles/fred-wilson-explains-why-warren-buffett-doesnt-get-bitcoin/
https://bitcoinmagazine.com/articles/fred-wilson-explains-why-warren-buffett-doesnt-get-bitcoin/
Yesterday, May 16, 2018, well-known venture capitalists Fred Wilson and Balaji Srinivasan, the latter of which is now the CTO at Coinbase, had a chat with Wall Street Journal reporter Paul Vigna on the mainstage of Consensus 2018. During the discussion, Srinivasan and Wilson were asked for their opinions on recent comments made by Warren Buffett, Nouriel Roubini and other notable bitcoin skeptics who have been quoted in the media recently.
In their responses, the pair of tech investors (but mostly Wilson) pointed out the differences between Buffett’s approach to investing and how the crypto asset market works. It is these fundamental differences between crypto assets and traditional stocks that may explain why the “Oracle of Omaha” has a general distaste for bitcoin.For those who missed it, Buffett recently referred to bitcoin as “rat poison squared” (https://www.cnbc.com/2018/05/05/warren-buffett-says-bitcoin-is-probably-rat-poison-squared.html) at Berkshire Hathaway’s 2018 annual shareholder meeting. The Right Way to Look at Crypto AssetsOne of the key counterarguments to Buffett’s assessment of bitcoin made during the chat at Consensus 2018 was articulated by Wilson right after the topic was first brought up by Vigna.“Calling it rat poison, to me, suggests that they haven’t taken the time to really understand what’s going on here,” said Wilson. “If all you think of it as is some new asset class and some new thing that you can trade, then I think you’ll come to that conclusion. But if you really understand that this is a fundamental innovation in foundational technology for the internet that provides a bunch of new functionality that didn’t exist before this, then what I see it as is like the LAMP stack or something. This is an entirely new stack that we’re going to get to build new applications on top of, and the tokens are just the fuel that lights up that stack.”The LAMP stack referenced by Wilson is an open-source platform and set of tools (Linux, Apache, MySQL and Python or some other scripting language) that has been used to build dynamic websites and applications during the “Web 2.0” phase of the internet. Some view blockchain technology, of which bitcoin was the first implementation, as a key component of a new, decentralized internet, which has been dubbed “Web 3.0.”This Is Very Different From Buffett’s WorldWilson would later add that his work in venture capital is quite different from Warren Buffett’s approach to the investment world. While Buffett searches for cash-producing assets that will grow in value over time, Wilson is making a large number of moonshot bets in anticipation that a handful of them will lead to hundredfold gains.Talking more specifically about the world of crypto assets, Wilson explained that this market is more about picking the networks that will win rather than the businesses built on top of them.“The value is going to ultimately, I think, accrue to the token, not necessarily to the operating business that you build on top of these networks,” said Wilson.In short, the ways in which the tokens native to these networks are valued are quite different from a normal business that Buffett would purchase. How to fundamentally value these crypto assets is still an open question, which adds even more difficulty and specialization to the emerging market.“There are some things about this sector that are unlike any other asset class we’ve ever seen,” Wilson would later add during a digression regarding forks in the crypto asset ecosystem.While Wilson admitted there are some crypto tokens that have inflated valuations right now, Srinivasan added that bitcoin and blockchain technology in general have already reached a point at which people like Buffett are frequently asked to comment on the topic, which points to a level of success that has already been achieved.Additionally, Srinivasan mentioned that other institutional figures, such as IMF Managing Director Christine Lagarde and Goldman Sachs CEO
In their responses, the pair of tech investors (but mostly Wilson) pointed out the differences between Buffett’s approach to investing and how the crypto asset market works. It is these fundamental differences between crypto assets and traditional stocks that may explain why the “Oracle of Omaha” has a general distaste for bitcoin.For those who missed it, Buffett recently referred to bitcoin as “rat poison squared” (https://www.cnbc.com/2018/05/05/warren-buffett-says-bitcoin-is-probably-rat-poison-squared.html) at Berkshire Hathaway’s 2018 annual shareholder meeting. The Right Way to Look at Crypto AssetsOne of the key counterarguments to Buffett’s assessment of bitcoin made during the chat at Consensus 2018 was articulated by Wilson right after the topic was first brought up by Vigna.“Calling it rat poison, to me, suggests that they haven’t taken the time to really understand what’s going on here,” said Wilson. “If all you think of it as is some new asset class and some new thing that you can trade, then I think you’ll come to that conclusion. But if you really understand that this is a fundamental innovation in foundational technology for the internet that provides a bunch of new functionality that didn’t exist before this, then what I see it as is like the LAMP stack or something. This is an entirely new stack that we’re going to get to build new applications on top of, and the tokens are just the fuel that lights up that stack.”The LAMP stack referenced by Wilson is an open-source platform and set of tools (Linux, Apache, MySQL and Python or some other scripting language) that has been used to build dynamic websites and applications during the “Web 2.0” phase of the internet. Some view blockchain technology, of which bitcoin was the first implementation, as a key component of a new, decentralized internet, which has been dubbed “Web 3.0.”This Is Very Different From Buffett’s WorldWilson would later add that his work in venture capital is quite different from Warren Buffett’s approach to the investment world. While Buffett searches for cash-producing assets that will grow in value over time, Wilson is making a large number of moonshot bets in anticipation that a handful of them will lead to hundredfold gains.Talking more specifically about the world of crypto assets, Wilson explained that this market is more about picking the networks that will win rather than the businesses built on top of them.“The value is going to ultimately, I think, accrue to the token, not necessarily to the operating business that you build on top of these networks,” said Wilson.In short, the ways in which the tokens native to these networks are valued are quite different from a normal business that Buffett would purchase. How to fundamentally value these crypto assets is still an open question, which adds even more difficulty and specialization to the emerging market.“There are some things about this sector that are unlike any other asset class we’ve ever seen,” Wilson would later add during a digression regarding forks in the crypto asset ecosystem.While Wilson admitted there are some crypto tokens that have inflated valuations right now, Srinivasan added that bitcoin and blockchain technology in general have already reached a point at which people like Buffett are frequently asked to comment on the topic, which points to a level of success that has already been achieved.Additionally, Srinivasan mentioned that other institutional figures, such as IMF Managing Director Christine Lagarde and Goldman Sachs CEO
Lloyd Blankfein, have had more positive things to say about the future of crypto assets.
This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).
This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).
Streamr Launches Real-Time Data Marketplace, Partners With Nokia and OSIsoft
https://bitcoinmagazine.com/articles/streamr-launches-real-time-data-marketplace-partners-nokia-and-osisoft/
https://bitcoinmagazine.com/articles/streamr-launches-real-time-data-marketplace-partners-nokia-and-osisoft/
Streamr (https://www.streamr.com/), the blockchain-based data platform based in Zug, Switzerland, launched their real-time data Marketplace on May 16, 2018, during a presentation at Consensus 2018 (https://www.coindesk.com/events/consensus-2018/). This was followed by an announcement of partnerships with Nokia (https://www.nokia.com/en_int) and OSIsoft (https://www.osisoft.com/).
The Streamr Marketplace connects data producers and consumers through a web-based application where data consumers can pay for access to real-time data streams listed by data providers. For example, a recent partnership (https://www.crowdfundinsider.com/2018/05/133292-streamr-connects-with-hp-to-rev-up-real-time-vehicle-data-monetization/) between Streamr and Hewlett Packard Enterprise will allow vehicle data to be monetized in real-time. Vehicles generate data that is usable to third parties — it might be used to gauge traffic through a geographic region, or to fine-tune traffic signals, or to schedule road work, etc. Rather than just giving that data away for free, vehicle owners can make use of the Streamr Marketplace to monetize and trade that data. The use of the Streamr cryptographic token, DATA, will make it possible for data streams around the world to be freely tradable. The terms of use, pricing schedules and more are currently coded in Ethereum smart contracts, though Streamr has plans to support additional networks. The Streamr platform does not charge a transaction fee, but external fees from the blockchain network being used may apply. People acting as nodes on the network for Streamr will earn DATA as a reward for supporting the Marketplace and making it possible to make data a freely traded commodity around the world.Streamr’s agreement with Nokia — a multinational telecommunications, information technology and consumer electronics provider — will focus on developing the next generation of mobile base stations and allow Nokia customers to monetize their data through a range of IoT sensors and devices. The integration of Nokia’s Kuha transportable base stations into the Streamr Marketplace will allow users of the base stations to buy and sell data worldwide. Martti Ylikoski, radio system evolution lead at Nokia, commented, “Providing smart mobile coverage for up to four billion individuals across the world is a major challenge and current solutions don’t go far enough.” Ylikoski noted that there has been a growing movement of empowered mobile customers who want to control and monetize their own data. “Our partnership with Streamr reflects our firm belief in the platform, as well as our commitment to better serve our customers.”Meanwhile, Streamr’s partnership with OSIsoft will aim to enable new business cases and data sharing solutions not yet available on the market. OSIsoft is an industry leader in operational intelligence, delivering an open enterprise infrastructure to connect sensor-based data, systems and people.The OSIsoft PI System is a suite of data-collection software with the ability to analyze, visualize and share data, as well as compare historical and real-time information, resulting in key insights that help companies to improve, optimize and transform their business. Richard Beeson, CTO of OSIsoft, said, “By integrating OSIsoft’s PI System with the Streamr Marketplace, we take a step toward offering our customers the ability to share and monetize their operations data. The partnership with Streamr demonstrates how the PI system can plug into an open source platform and highlights our commitment to empowering our customers to maximize the value of their business operations data. Together with Streamr, we can be the enablers of innovation in the ever-evolving data market.”
This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).
The Streamr Marketplace connects data producers and consumers through a web-based application where data consumers can pay for access to real-time data streams listed by data providers. For example, a recent partnership (https://www.crowdfundinsider.com/2018/05/133292-streamr-connects-with-hp-to-rev-up-real-time-vehicle-data-monetization/) between Streamr and Hewlett Packard Enterprise will allow vehicle data to be monetized in real-time. Vehicles generate data that is usable to third parties — it might be used to gauge traffic through a geographic region, or to fine-tune traffic signals, or to schedule road work, etc. Rather than just giving that data away for free, vehicle owners can make use of the Streamr Marketplace to monetize and trade that data. The use of the Streamr cryptographic token, DATA, will make it possible for data streams around the world to be freely tradable. The terms of use, pricing schedules and more are currently coded in Ethereum smart contracts, though Streamr has plans to support additional networks. The Streamr platform does not charge a transaction fee, but external fees from the blockchain network being used may apply. People acting as nodes on the network for Streamr will earn DATA as a reward for supporting the Marketplace and making it possible to make data a freely traded commodity around the world.Streamr’s agreement with Nokia — a multinational telecommunications, information technology and consumer electronics provider — will focus on developing the next generation of mobile base stations and allow Nokia customers to monetize their data through a range of IoT sensors and devices. The integration of Nokia’s Kuha transportable base stations into the Streamr Marketplace will allow users of the base stations to buy and sell data worldwide. Martti Ylikoski, radio system evolution lead at Nokia, commented, “Providing smart mobile coverage for up to four billion individuals across the world is a major challenge and current solutions don’t go far enough.” Ylikoski noted that there has been a growing movement of empowered mobile customers who want to control and monetize their own data. “Our partnership with Streamr reflects our firm belief in the platform, as well as our commitment to better serve our customers.”Meanwhile, Streamr’s partnership with OSIsoft will aim to enable new business cases and data sharing solutions not yet available on the market. OSIsoft is an industry leader in operational intelligence, delivering an open enterprise infrastructure to connect sensor-based data, systems and people.The OSIsoft PI System is a suite of data-collection software with the ability to analyze, visualize and share data, as well as compare historical and real-time information, resulting in key insights that help companies to improve, optimize and transform their business. Richard Beeson, CTO of OSIsoft, said, “By integrating OSIsoft’s PI System with the Streamr Marketplace, we take a step toward offering our customers the ability to share and monetize their operations data. The partnership with Streamr demonstrates how the PI system can plug into an open source platform and highlights our commitment to empowering our customers to maximize the value of their business operations data. Together with Streamr, we can be the enablers of innovation in the ever-evolving data market.”
This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).
Fed Governor Says 'No Compelling Need' for US Central Bank Crypto
https://www.coindesk.com/fed-governor-says-no-compelling-need-for-central-bank-crypto/
https://www.coindesk.com/fed-governor-says-no-compelling-need-for-central-bank-crypto/
CoinDesk
Fed Governor Says 'No Compelling Need' for US Central Bank Crypto - CoinDesk
Fed governor Lael Brainard has said that cryptocurrencies do not pose a threat, and there is "no compelling need" for a Fed-issued digital currency.
IBM and Veridium to Transform Carbon Credits into Blockchain-Based Tokens
https://bitcoinmagazine.com/articles/ibm-and-veridium-transform-carbon-credits-blockchain-based-tokens/
https://bitcoinmagazine.com/articles/ibm-and-veridium-transform-carbon-credits-blockchain-based-tokens/
IBM has partnered with environmental fintech startup Veridium Labs (https://veridium.io/) to turn carbon credits — tradable instruments that provide an economic incentive to those who want to reduce their greenhouse gas emissions — into blockchain-based tokens.In a joint press release (https://pr.blonde20.com/veridium-ibm/), the two companies announced a collaboration to “transform the carbon credit market using IBM blockchain technology with the goal of making it easier for companies to offset their environmental footprints.”"By using a public, permissioned blockchain network, we can help Veridium create a new sustainable marketplace that is good for business and good for the world," said (http://newsroom.ibm.com/2018-05-15-Veridium-to-Use-IBM-Blockchain-Technology-to-Create-Social-and-Environmental-Impact-Tokens) Bridget van Kralingen, senior vice president of IBM Industry Platforms and Blockchain. “This is a great example of how industries are being reinvented by blockchain [technology], in this case establishing a far more efficient and transparent approach to carbon accounting and offsetting that will empower individuals and companies to play a role in improving our environment."A carbon credit is defined (https://www.collinsdictionary.com/dictionary/english/carbon-credit) as “a certificate showing that a government or company has paid to have a certain amount of carbon dioxide removed from the environment.” In return, environmental regulations allow the holders of carbon credits to burn a certain amount of fossil fuels.While the carbon credits market exists, with many active sellers and buyers, measuring carbon emissions is complicated and costly, and purchasing carbon credits can be complex. According to the joint press release, “blockchain based digital assets, or tokens, can enable innovative ways to buy and use” carbon credits.A recent report produced by the IBM Institute for Business Value (IBV), titled “Moving to a token-driven economy: Enabling the digitization of real-world assets (https://www-935.ibm.com/services/us/gbs/thoughtleadership/tokenassets/),” notes that assets like gold, real estate, fine art or carbon credits are difficult to transfer, often necessitating an abundance of paperwork and prolonged procedures for both buyers and sellers. “By representing physical assets as digital tokens on a distributed digital ledger or blockchain, it’s possible to unlock the value of real-world assets and to exchange them in real time,” states the report.Relying on IBM’s blockchain technology (https://www.ibm.com/blockchain/) and expertise, Veridium “plans to transform carbon credits into a new type of fungible digital asset that can be redeemed and traded on the Stellar (https://www.stellar.org/) network.” Their approach “will encompass the entire process of carbon footprint accounting and offsetting.” The tokenized carbon credits will include REDD+ (http://infinite-earth.com/environmental-solutions/redd-carbon-credits/) credits from InfiniteEARTH (http://infinite-earth.com/), backed by projects that pursue long-term sustainability. Both Veridium and InfiniteEARTH are associated with EnVision Corporation (http://www.envisioncorporation.com/), an incubator of sustainable technologies.Jared Klee, blockchain manager for token initiatives at IBM, explained to TechCrunch (https://techcrunch.com/2018/05/15/veridium-labs-teams-with-ibm-and-stellar-on-carbon-credit-blockchain/) that buying and accounting for REDD+ credits is currently quite complicated. “It’s a major pain point,” he said. “Today REDD+ credits are over the counter assets and there is no central exchange.”Therefore, IBM and Veridium’s initiative, also supported by Stellar, could significantly simplify carbon credits trading, thus making carbon credits more appealing and contributing to environmental preservation and sustainable development.“For years, we’ve been trying to mitigate environmental impacts at every point in the value chain, however previous
solutions still presented significant complexities and costs,” said (https://pr.blonde20.com/veridium-ibm/) Todd Lemons, the chairman of Veridium. “Our work with IBM is the first step in dramatically simplifying the accounting and offsetting processes, and therefore ultimately helping reduce costs. Our digital environmental assets are designed to help companies and institutional investors purchase and use carbon credits to mitigate their environmental impacts today, and even hedge their potential carbon liabilities risks in the future.”
This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).
This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).
Tel-Aviv Stock Exchange Turns to Blockchain for New Lending Platform
https://www.coindesk.com/tel-aviv-stock-exchange-turns-to-blockchain-for-new-lending-platform/
https://www.coindesk.com/tel-aviv-stock-exchange-turns-to-blockchain-for-new-lending-platform/
CoinDesk
Tel-Aviv Stock Exchange Turns to Blockchain for New Lending Platform
Accenture and Intel are to help develop a Hyperledger-based securities lending platform for the Tel-Aviv Stock Exchange.