British Maritime Society Builds Blockchain Tool for Ship Registration
The not-for-profit, which is already looking at using blockchain to improve the safety and security of critical shipping infrastructure and individuals in the industry, is now working to speed up the process of registering vessels using the nascent technology, according to a press release.
Lloyd's uses its register – first created in 1764 – to record information about a ship's condition, which merchants and underwriters can then use when determining whether to insure or charter a vessel.
It has now put that data on the prototype register, built in partnership with development firm Applied Blockchain, and will demo the tool this week at the international maritime trade fair SMM.
Gary Pogson, Lloyd's Register lead technical specialist, marine and offshore, said in the release that he had been studying blockchain technology for roughly two and a half years, and that "from very early on, I recognized this as an area of great potential."
The not-for-profit, which is already looking at using blockchain to improve the safety and security of critical shipping infrastructure and individuals in the industry, is now working to speed up the process of registering vessels using the nascent technology, according to a press release.
Lloyd's uses its register – first created in 1764 – to record information about a ship's condition, which merchants and underwriters can then use when determining whether to insure or charter a vessel.
It has now put that data on the prototype register, built in partnership with development firm Applied Blockchain, and will demo the tool this week at the international maritime trade fair SMM.
Gary Pogson, Lloyd's Register lead technical specialist, marine and offshore, said in the release that he had been studying blockchain technology for roughly two and a half years, and that "from very early on, I recognized this as an area of great potential."
Deutsche Boerse creates new unit focused on DLT, crypto assets
Frankfurt-based stock exchange operator Deutsche Boerse has set up a unit focused on blockchain, crypto assets, and new market securities. The new division, which comprises 24 employees, will work to explore and implement the distributed ledger technology (DLT) for various use cases.
“From Deutsche Börse’s point of view, the DLT/blockchain technology is a key opportunity for the creation of new market structures, adding new products onto our present structures and enhancing our existing offerings,” Jens Hachmeister, head of the new division, explained. “Its potential cuts across our entire value chain – pre-IPO/listing, trading and clearing, settlement and custody, and even the data and analytics business.”
Hachmeister referred to the company’s several trials, and collaborations focused on blockchain. Earlier, Deutsche Boerse worked with Deutsche Bundesbank to develop a DLT prototype for the settlement of securities. Recently, the company acquired a minority stake in blockchain-oriented firm HQLAx, and will use its technology for securities lending.
However, as Hachmeister put it, these explorative efforts haven’t been managed on a group-wide level, so it was necessary to set up a unit that would use the full potential of blockchain.
The new chief noted that the technology would not be the answer to all questions, although the digital economy is moving towards decentralization. He anticipates more peer-to-peer (P2P) marketplaces and fewer middlemen.
“Looking at the pace of technological progress and the transformational potential that lies in Blockchain, we probably stand at the beginning of a new era that could be disruptive for the whole industry,” Hachmeister said, highlighting that there are both challenges and opportunities ahead.
Deutsche Boerse’s move is part of a broader strategy called Roadmap 2020, which relies on three key pillars. One of the pillars refers to four emerging technologies, including blockchain, cloud, big data & analytics, and robotics & artificial intelligence.
Frankfurt-based stock exchange operator Deutsche Boerse has set up a unit focused on blockchain, crypto assets, and new market securities. The new division, which comprises 24 employees, will work to explore and implement the distributed ledger technology (DLT) for various use cases.
“From Deutsche Börse’s point of view, the DLT/blockchain technology is a key opportunity for the creation of new market structures, adding new products onto our present structures and enhancing our existing offerings,” Jens Hachmeister, head of the new division, explained. “Its potential cuts across our entire value chain – pre-IPO/listing, trading and clearing, settlement and custody, and even the data and analytics business.”
Hachmeister referred to the company’s several trials, and collaborations focused on blockchain. Earlier, Deutsche Boerse worked with Deutsche Bundesbank to develop a DLT prototype for the settlement of securities. Recently, the company acquired a minority stake in blockchain-oriented firm HQLAx, and will use its technology for securities lending.
However, as Hachmeister put it, these explorative efforts haven’t been managed on a group-wide level, so it was necessary to set up a unit that would use the full potential of blockchain.
The new chief noted that the technology would not be the answer to all questions, although the digital economy is moving towards decentralization. He anticipates more peer-to-peer (P2P) marketplaces and fewer middlemen.
“Looking at the pace of technological progress and the transformational potential that lies in Blockchain, we probably stand at the beginning of a new era that could be disruptive for the whole industry,” Hachmeister said, highlighting that there are both challenges and opportunities ahead.
Deutsche Boerse’s move is part of a broader strategy called Roadmap 2020, which relies on three key pillars. One of the pillars refers to four emerging technologies, including blockchain, cloud, big data & analytics, and robotics & artificial intelligence.
🚀 Raincheck-Global loyalty & rewards points exchange aggregator on Stellar
Want to be able to transfer your existing reward/loyalty points into one digital unit that can be used at any scheme? How about accurately monitoring your points, with the flexibility of transferring them at any time, on a fast and secure network? RAIN Token will give you this power at a fraction of the cost of other providers. Built on the Stellar Blockchain your secure transactions will go through within seconds at the cost of one cent per 100,000 transactions, whereas Ethereum based projects still cost around $0.20-1.45 per transaction. RAIN Token is the seamless and inexpensive experience you’ve been waiting for.
Built by a team with diverse backgrounds in full stack software development, data/cyber security, global payments, retail, travel, finance and investment; Our two founders pioneered the internet in the early 90’s, founding several tech startups and have a combined 50+ years experience in the ICT sector. The RAIN Token team recognises the faults in current loyalty/rewards schemes and with their wealth of knowledge, and experience, have created a solution.
Plus, unlike some exchanges, RAIN Token has your back if you get stuck. A dedicated customer service team is available 24/7. No more submitting a support ticket and waiting 2 weeks to get an automated response.
The RAIN Token is all about simplifying the reward/loyalty point systems and giving power back to the consumer, allowing them to attain the best value - Creating opportunities for retailers, and customer, alike. Get in on this awesome project before it takes off.
https://raintoken.org/
https://t.me/getraincheck
Want to be able to transfer your existing reward/loyalty points into one digital unit that can be used at any scheme? How about accurately monitoring your points, with the flexibility of transferring them at any time, on a fast and secure network? RAIN Token will give you this power at a fraction of the cost of other providers. Built on the Stellar Blockchain your secure transactions will go through within seconds at the cost of one cent per 100,000 transactions, whereas Ethereum based projects still cost around $0.20-1.45 per transaction. RAIN Token is the seamless and inexpensive experience you’ve been waiting for.
Built by a team with diverse backgrounds in full stack software development, data/cyber security, global payments, retail, travel, finance and investment; Our two founders pioneered the internet in the early 90’s, founding several tech startups and have a combined 50+ years experience in the ICT sector. The RAIN Token team recognises the faults in current loyalty/rewards schemes and with their wealth of knowledge, and experience, have created a solution.
Plus, unlike some exchanges, RAIN Token has your back if you get stuck. A dedicated customer service team is available 24/7. No more submitting a support ticket and waiting 2 weeks to get an automated response.
The RAIN Token is all about simplifying the reward/loyalty point systems and giving power back to the consumer, allowing them to attain the best value - Creating opportunities for retailers, and customer, alike. Get in on this awesome project before it takes off.
https://raintoken.org/
https://t.me/getraincheck
Crypto mining accepted as an industry by Iranian Authorities
The Secretary of Iran's Supreme Cyberspace Council revealed that various ministries of the country’s government have accepted crypto mining as an industry, local news agency IBENAreports September 4.
According to the report, the Cyberspace Council’s secretary Abolhassan Firoozabadi stressed that the mining of cryptocurrencies such as Bitcoin (BTC) has been approved as an industry by major government authorities. However, official legislation forming a legal framework for the industry has yet to be introduced in the country.
Firoozabadi said that crypto mining has been accepted as an industry by Iran’s major authorities, including the Ministry of Information and Communications Technology, the Central Bank, the Ministry of Industry, Mine and Trade, the Ministry of Energy, as well as the Ministry of Economic Affairs and Finance.
Firoozabadi stated that the Iranian National Cyberspace Center is developing a platform for cryptocurrency mining regulation. He added that the government is also considering the launch of a national cryptocurrency in order to create a financial tool to cooperate with Iranian business partners amid economic pressure from U.S.sanctions.
The secretary reportedly claimed that the relevant authorities will introduce a regulatory framework for crypto-related startups and firms in late September.
In late August, Iran’s National Cyberspace Center revealed that the draft of the state-backed cryptocurrency project is ready, following instructions from President of Iran Hassan Rouhani. At that time, the deputy director in charge of drafting regulations for Iran's Supreme Cyberspace Council claimed that the idea of launching a national cryptocurrency is being actively pursued.
The Secretary of Iran's Supreme Cyberspace Council revealed that various ministries of the country’s government have accepted crypto mining as an industry, local news agency IBENAreports September 4.
According to the report, the Cyberspace Council’s secretary Abolhassan Firoozabadi stressed that the mining of cryptocurrencies such as Bitcoin (BTC) has been approved as an industry by major government authorities. However, official legislation forming a legal framework for the industry has yet to be introduced in the country.
Firoozabadi said that crypto mining has been accepted as an industry by Iran’s major authorities, including the Ministry of Information and Communications Technology, the Central Bank, the Ministry of Industry, Mine and Trade, the Ministry of Energy, as well as the Ministry of Economic Affairs and Finance.
Firoozabadi stated that the Iranian National Cyberspace Center is developing a platform for cryptocurrency mining regulation. He added that the government is also considering the launch of a national cryptocurrency in order to create a financial tool to cooperate with Iranian business partners amid economic pressure from U.S.sanctions.
The secretary reportedly claimed that the relevant authorities will introduce a regulatory framework for crypto-related startups and firms in late September.
In late August, Iran’s National Cyberspace Center revealed that the draft of the state-backed cryptocurrency project is ready, following instructions from President of Iran Hassan Rouhani. At that time, the deputy director in charge of drafting regulations for Iran's Supreme Cyberspace Council claimed that the idea of launching a national cryptocurrency is being actively pursued.
❗️ MEWS ALERT
We're getting reports that the latest version of the MEGA Chrome Extension was hacked.
We suggest you uninstall it immediately, for your own safety!👆🏾
We're getting reports that the latest version of the MEGA Chrome Extension was hacked.
We suggest you uninstall it immediately, for your own safety!👆🏾
🕵️♀️👀👥Well-known anonymous decentralized crypto exchange ShapeShift will be collecting users’ personal information as a part of their newly implemented loyalty membership.
As it is promised by the official statement, it will offer users various advantages, such as rewards for transactions with a FOX token, depending on the volume of transactions, increased limits on the transaction and many more services.
❗️For now the registration is voluntary but in the nearest future it will become mandatory.
As it was stated by the CEO Eric Voorhees this initiative was a necessary step in response to unclear regulators’ attitude towards crypto exchanges, also he added that some users expressed their desire to implement such changes for better user experience.
🗣The CEO added:We are still convinced that people, regardless of race, religion or nationality, deserve the right to financial confidentiality, as well as privacy of thoughts, private privacy and communication. Such confidentiality is the cornerstone of society and must be protected by all people. We remain committed to this idea, and for this we need to think carefully about our actions.
As it is promised by the official statement, it will offer users various advantages, such as rewards for transactions with a FOX token, depending on the volume of transactions, increased limits on the transaction and many more services.
❗️For now the registration is voluntary but in the nearest future it will become mandatory.
As it was stated by the CEO Eric Voorhees this initiative was a necessary step in response to unclear regulators’ attitude towards crypto exchanges, also he added that some users expressed their desire to implement such changes for better user experience.
🗣The CEO added:We are still convinced that people, regardless of race, religion or nationality, deserve the right to financial confidentiality, as well as privacy of thoughts, private privacy and communication. Such confidentiality is the cornerstone of society and must be protected by all people. We remain committed to this idea, and for this we need to think carefully about our actions.
💬A possible reason why the crypto market is in red now.
https://www.cnbc.com/video/2018/09/05/goldman-sachs-reportedly-ditches-plans-to-trade-cryptocurrencies.html
https://www.cnbc.com/video/2018/09/05/goldman-sachs-reportedly-ditches-plans-to-trade-cryptocurrencies.html
CNBC
Goldman Sachs reportedly ditches plans to trade cryptocurrencies
CNBC's Andrew Ross Sorkin reports that according to Business Insider, Goldman Sachs is scrapping its plans to open cryptocurrency trading desk.
CRYPTOCARZ IS THE WORLD'S FIRST BLOCKCHAIN-ENABLED VR RACING EXPERIENCE
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
🏛European Parliament’s Interparty Group on Innovation Studies examined potential benefits and challenges that are facing ICOs in order to prepare a set of legislative standards.
👩🏽💼The legislator Ashley Fox proposed to implement mandatory Know Your Customer and Anti Money Laundering procedures. Furthermore, she insisted to impose a maximum limit on investments per one ICO by 8 million euros. If the criterias will be met, the project will have a right to raise funds in any EU country.
👩🏻💼The representative of the Office of Financial Regulation and Supervision of Great Britain, Laura Royle also highlighted positive aspects of such projects, adding that ICO enables companies to raise funds from a wide range of investors, and most important avoids costly intermediaries.
👨💼The managing director of France Digitale, Nicolas Brien stressed out:
Having the certainty, but also having that legitimization, I actually welcome having a European-wide proposal because it gives people the certainty to know. I think we need to be clear whether this is a utility token or a transferable security, or how the regulator regime looks at that, but I think this can be done because an ICO is another form of crowdfunding. It's different, but it is a form of crowdfunding.
🗓The next meeting will be held on September 11.
👩🏽💼The legislator Ashley Fox proposed to implement mandatory Know Your Customer and Anti Money Laundering procedures. Furthermore, she insisted to impose a maximum limit on investments per one ICO by 8 million euros. If the criterias will be met, the project will have a right to raise funds in any EU country.
👩🏻💼The representative of the Office of Financial Regulation and Supervision of Great Britain, Laura Royle also highlighted positive aspects of such projects, adding that ICO enables companies to raise funds from a wide range of investors, and most important avoids costly intermediaries.
👨💼The managing director of France Digitale, Nicolas Brien stressed out:
Having the certainty, but also having that legitimization, I actually welcome having a European-wide proposal because it gives people the certainty to know. I think we need to be clear whether this is a utility token or a transferable security, or how the regulator regime looks at that, but I think this can be done because an ICO is another form of crowdfunding. It's different, but it is a form of crowdfunding.
🗓The next meeting will be held on September 11.
🤝Bittrex crypto exchange in a partnership with the Cryptofacil platform, will launch a trading platform in Uruguay. More than 200 different digital assets will be listed.
This new trading platform will be oriented to the countries of the Caribbean and Latin America.
However, according to the participants of the partnership, in the future the company can expand its presence in other markets.
🗣Bill Shihara, the CEO of Bittrex: Bittrex works daily to promote the technology of blockchain. The partnership with Cryptofacil will further contribute to its global adoption.
This new trading platform will be oriented to the countries of the Caribbean and Latin America.
However, according to the participants of the partnership, in the future the company can expand its presence in other markets.
🗣Bill Shihara, the CEO of Bittrex: Bittrex works daily to promote the technology of blockchain. The partnership with Cryptofacil will further contribute to its global adoption.
Orvium - Open and Transparent Science Powered By Blockchain
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
Telegram
Orvium
Public group of the Orvium Project orvium.io
Goldman Sachs Drops Plans to Open Crypto Trading Desk
Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reports September 5, citing sources familiar with the matter.
The bank’s plans to create a crypto-focused unit by the end of June 2018 were originally reported by Bloomberg, with sources claiming that Goldman Sachs aims to become "the first large Wall Street firm to make markets in cryptocurrencies."
Now, Business Insider reports citing unnamed sources that the bank has lowered the priority of this project, as the regulatory environment in the crypto industry remains unclear. It might take many steps before a regulated bank could trade digital assets, most of them outside Goldman Sachs' control, sources reportedly reveal.
Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reports September 5, citing sources familiar with the matter.
The bank’s plans to create a crypto-focused unit by the end of June 2018 were originally reported by Bloomberg, with sources claiming that Goldman Sachs aims to become "the first large Wall Street firm to make markets in cryptocurrencies."
Now, Business Insider reports citing unnamed sources that the bank has lowered the priority of this project, as the regulatory environment in the crypto industry remains unclear. It might take many steps before a regulated bank could trade digital assets, most of them outside Goldman Sachs' control, sources reportedly reveal.
China’s insurer PICC partners with VeChain, DNV GL to adopt blockchain
One of China’s largest insurance companies, the state-owned People’s Insurance Company of China (PICC), announced a partnership with Oslo-based DNV GL and blockchain-oriented VeChain. According to the agreement, PICC aims to accelerate the digital transformation in the insurance market.
The Chinese insurer is confident that distributed ledger technology (DLT) can streamline several key processes, reduce fraud, and ensure KYC compliance. Today, most insurers apply legacy claim management solutions that require a lot of paperwork. This often leads to inefficiencies related to data collection and verification. A digital system like blockchain, which ensures the transparency and security of transactions and data operations, would speed up processes and eventually would cut costs.
PICC has developed blockchain solutions in collaboration with VeChain and DNV GL. The solutions will help the company protect client data and distribute ownership among others.
VeChain co-founder Sunny Lu commented:
“Collaborating with PICC expands our business within the insurance industry. We are confident we will provide great service and products to PICC, together with DNV GL.”
PICC opted for VeChain given their current solutions developed together with DNV GL. The latter started working with the Shanghai-based blockchain firm at the beginning of this year and acquired a stake in May.
VeChain’s recently launched public blockchain solution, VeChain Thor, offers corporate clients tools and services to manage their assets and streamline supply chain management processes, especially by applying smart contracts.
George Kang, CEO at DNV GL Business Assurance Greater China Region said:
“The role DNV GL plays is to ensure data integrity from the business operation perspective. In conjunction with VeChainThor Platform, we will provide a robust digital trust platform to assist PICC with enhanced data management and efficient data processing.”
It seems that the news has had a positive impact on the VeChain’s token price. VET has increased in the last 24 hours by over 4%.
One of China’s largest insurance companies, the state-owned People’s Insurance Company of China (PICC), announced a partnership with Oslo-based DNV GL and blockchain-oriented VeChain. According to the agreement, PICC aims to accelerate the digital transformation in the insurance market.
The Chinese insurer is confident that distributed ledger technology (DLT) can streamline several key processes, reduce fraud, and ensure KYC compliance. Today, most insurers apply legacy claim management solutions that require a lot of paperwork. This often leads to inefficiencies related to data collection and verification. A digital system like blockchain, which ensures the transparency and security of transactions and data operations, would speed up processes and eventually would cut costs.
PICC has developed blockchain solutions in collaboration with VeChain and DNV GL. The solutions will help the company protect client data and distribute ownership among others.
VeChain co-founder Sunny Lu commented:
“Collaborating with PICC expands our business within the insurance industry. We are confident we will provide great service and products to PICC, together with DNV GL.”
PICC opted for VeChain given their current solutions developed together with DNV GL. The latter started working with the Shanghai-based blockchain firm at the beginning of this year and acquired a stake in May.
VeChain’s recently launched public blockchain solution, VeChain Thor, offers corporate clients tools and services to manage their assets and streamline supply chain management processes, especially by applying smart contracts.
George Kang, CEO at DNV GL Business Assurance Greater China Region said:
“The role DNV GL plays is to ensure data integrity from the business operation perspective. In conjunction with VeChainThor Platform, we will provide a robust digital trust platform to assist PICC with enhanced data management and efficient data processing.”
It seems that the news has had a positive impact on the VeChain’s token price. VET has increased in the last 24 hours by over 4%.
Very disappointed that ShapeShift.io is implementing KYC.
Just goes to show that any centralized entity will be pushed in that direction, which is why LN, atomic swaps and Decentralized Exchanges are the only way to resist surveillance economics.
🗣Andreas M. Antonopoulos, bitcoin advocate, a consultant on bitcoin-related startups.
Just goes to show that any centralized entity will be pushed in that direction, which is why LN, atomic swaps and Decentralized Exchanges are the only way to resist surveillance economics.
🗣Andreas M. Antonopoulos, bitcoin advocate, a consultant on bitcoin-related startups.
Turkish exchange develops Blockchain-based Customer Database
Turkey's Borsa Istanbul Stock Exchange (BIST) has developed a blockchain-powered customer database, Daily Sabah reported September 6.
Founded in 2013, BIST is the result of the merger of the Istanbul Stock Exchange, the Istanbul Gold Exchange, and the Turkish Derivatives Exchange (TurkDex). Per the exchange’s annual report for 2017, it has 399 listed companies, a market capitalization of around $133 billion, and $1 trillion of total traded value.
The recent development will synchronize the customer databases of Borsa Istanbul, Istanbul Clearing, Settlement and Custody Bank (Takasbank), and the Central Securities Depository of Turkey (MKK).
The new platform, which is “designed under the Know Your Customer concept (KYC),” will manage the addition of new customers, manage documents, and edit information. "If required, the application can be used in other projects too," BIST reportedly said.
In the beginning of August, Turkey establishedthe country’s first university-level blockchain center, aiming to close the blockchain expertise gap and ensure wide deployment of the technology. The center’s director Bora Erdamar said then that Turkey may have a chance to become a leading country in blockchain technology.
While in recent months Turkey has demonstrated a proactive approach to blockchain adoption, even considering the development of a national digital currency, lawmakers of the state Directorate of Religious Affairs have previously said that Bitcoin(BTC) was “not compatible” with Islam.
Despite the government’s position, cryptocurrency exchanges in Turkey reportedly enjoy the support of most banks, making it easier for new traders to start buying and selling cryptocurrencies.
Interest in cryptocurrency has grown in the country following a nosedive of the national currency, the Turkish lira. In mid-August, local exchanges saw trade volumes spike by as much as 150 percent, as traders tried to protect their fiat savings from devaluation by pouring it into Bitcoin.
Turkey's Borsa Istanbul Stock Exchange (BIST) has developed a blockchain-powered customer database, Daily Sabah reported September 6.
Founded in 2013, BIST is the result of the merger of the Istanbul Stock Exchange, the Istanbul Gold Exchange, and the Turkish Derivatives Exchange (TurkDex). Per the exchange’s annual report for 2017, it has 399 listed companies, a market capitalization of around $133 billion, and $1 trillion of total traded value.
The recent development will synchronize the customer databases of Borsa Istanbul, Istanbul Clearing, Settlement and Custody Bank (Takasbank), and the Central Securities Depository of Turkey (MKK).
The new platform, which is “designed under the Know Your Customer concept (KYC),” will manage the addition of new customers, manage documents, and edit information. "If required, the application can be used in other projects too," BIST reportedly said.
In the beginning of August, Turkey establishedthe country’s first university-level blockchain center, aiming to close the blockchain expertise gap and ensure wide deployment of the technology. The center’s director Bora Erdamar said then that Turkey may have a chance to become a leading country in blockchain technology.
While in recent months Turkey has demonstrated a proactive approach to blockchain adoption, even considering the development of a national digital currency, lawmakers of the state Directorate of Religious Affairs have previously said that Bitcoin(BTC) was “not compatible” with Islam.
Despite the government’s position, cryptocurrency exchanges in Turkey reportedly enjoy the support of most banks, making it easier for new traders to start buying and selling cryptocurrencies.
Interest in cryptocurrency has grown in the country following a nosedive of the national currency, the Turkish lira. In mid-August, local exchanges saw trade volumes spike by as much as 150 percent, as traders tried to protect their fiat savings from devaluation by pouring it into Bitcoin.
🔜 Mobu (MOBU)
Mobu is a decentralised platform and end-to-end solution for launching compliant security tokens - "The Future of Security tokens".
The 80 Trillion dollar big securities market is coming to the blockchain. But there are still plenty of problems which occur when launching a security token. One of the main problems which arise when planning on launching a security token is the fact that it is a legal, regulatory and technical nightmare launching one. Furthermore, until now there is also no trusted competitive environment for ICO service providers to ensure lower pricing and better quality.
Those problems MOBU aims to solve.
MOBU is an ecosystem/marketplace that implements a unique MOB20 standard protocol to ensure compliant security tokens and similar to how the HTTP protocol defined the internet, the MOB20 protocol aims to define a set of commands that a compliant security token should implement!
Mobu uses the blockchain technology to create a set of rules that govern the issuance of security tokens while programming them into smart contracts on the Ethereum blockchain. This way they are transparent and immutable. And they decide on security tokens due to the lower fees, the more complex versions of dividend policies and voting rights, the possibility to execute deals faster and succeed cross-border funding within a larger investor base, as well as suffering fewer manipulations by financial institutions.
In the Mobu ecosystem the token issuers(real future companies on MOBU) post bounties to get service providers, Developers earn MOBU tokens for creating smart contracts, KYC providers pay MOBU tokens to join the network/ecosystem, Investors pay MOBU tokens for KYC process, legal representatives and escrow providers earn MOBU tokens for offering services. Mobu additionally will steel bank partnerships to ensure FIAT can easily be converted to crypto all around the world and MOBU tokens can be earned worldwide. Furthermore, Lockup utility will ensure scarcity of MOBU tokens!
The Pre-ICO with up to 25% bonus will start on 1st of September, you can already put yourself on the interest list on their website by clicking "Register Your Interest" and filling out your data.
🔶 Documents:
📑 Whitepaper — Mobu Whitepaper
🔶 Additional links:
🌐 Website — mobu.io
✈️ Telegram — t.me/mobuCHAT
🕊 Twitter — twitter.com/MobuICO
📓 Facebook — facebook.com/MobuICO
🐣 Reddit — reddit.com/r/Mobu/
📸 Instagram — instagram.com/MobuICO/
🐱 Github — github.com/mobuadmin
🗣 Bitcointalk — bitcointalk.org/index.php?topic=4726508.0
📚 Bitcoin Wiki — en.bitcoinwiki.org/wiki/MOBU
📺 YouTube — Mobu YouTube channel
📝 Medium — medium.com/mobu-io
🔶 ICO-Dates:
Symbol: MOBU
Token type: ETH (ERC20)
ICO Price: 1 RBY = 0.15 USD
Min purchase: 0.1 ETH
Total supply: Tokens are only issued when physically sold
(350,000,000 tokens maximum possible supply, as per smart contract)
Soft cap: 1,000,000 USD
Hard cap: 35,000,000 USD
ICO Start date: 1st of December 2018
The Pre-ICO starts on 1st of September and comes with an up to 25% Bonus, visit their website and click on "Register Your Interest" to keep informed.
🔶 Our Score:
🌕🌕🌕🌕🌗 4.5/5
The Mobu project, which delivers a product which is genuinely needed, is managed by a strong team and advisory board with lots of experience in a broad spectrum. They have a detailed whitepaper and a clear vision while entering a vast market where up until now none competitor is active. Security tokens are apparently "the future of Crypto", and thus, we expect Mobu to be a strong player and a success story in this area. The MVP is announced for this month, just before the Pre-Sale starts, and once we had a chance to test the platform, we will consider to higher the current rating.
🔶 Promotional video: https://youtu.be/ydlXE_E2UUo
Mobu is a decentralised platform and end-to-end solution for launching compliant security tokens - "The Future of Security tokens".
The 80 Trillion dollar big securities market is coming to the blockchain. But there are still plenty of problems which occur when launching a security token. One of the main problems which arise when planning on launching a security token is the fact that it is a legal, regulatory and technical nightmare launching one. Furthermore, until now there is also no trusted competitive environment for ICO service providers to ensure lower pricing and better quality.
Those problems MOBU aims to solve.
MOBU is an ecosystem/marketplace that implements a unique MOB20 standard protocol to ensure compliant security tokens and similar to how the HTTP protocol defined the internet, the MOB20 protocol aims to define a set of commands that a compliant security token should implement!
Mobu uses the blockchain technology to create a set of rules that govern the issuance of security tokens while programming them into smart contracts on the Ethereum blockchain. This way they are transparent and immutable. And they decide on security tokens due to the lower fees, the more complex versions of dividend policies and voting rights, the possibility to execute deals faster and succeed cross-border funding within a larger investor base, as well as suffering fewer manipulations by financial institutions.
In the Mobu ecosystem the token issuers(real future companies on MOBU) post bounties to get service providers, Developers earn MOBU tokens for creating smart contracts, KYC providers pay MOBU tokens to join the network/ecosystem, Investors pay MOBU tokens for KYC process, legal representatives and escrow providers earn MOBU tokens for offering services. Mobu additionally will steel bank partnerships to ensure FIAT can easily be converted to crypto all around the world and MOBU tokens can be earned worldwide. Furthermore, Lockup utility will ensure scarcity of MOBU tokens!
The Pre-ICO with up to 25% bonus will start on 1st of September, you can already put yourself on the interest list on their website by clicking "Register Your Interest" and filling out your data.
🔶 Documents:
📑 Whitepaper — Mobu Whitepaper
🔶 Additional links:
🌐 Website — mobu.io
✈️ Telegram — t.me/mobuCHAT
🕊 Twitter — twitter.com/MobuICO
📓 Facebook — facebook.com/MobuICO
🐣 Reddit — reddit.com/r/Mobu/
📸 Instagram — instagram.com/MobuICO/
🐱 Github — github.com/mobuadmin
🗣 Bitcointalk — bitcointalk.org/index.php?topic=4726508.0
📚 Bitcoin Wiki — en.bitcoinwiki.org/wiki/MOBU
📺 YouTube — Mobu YouTube channel
📝 Medium — medium.com/mobu-io
🔶 ICO-Dates:
Symbol: MOBU
Token type: ETH (ERC20)
ICO Price: 1 RBY = 0.15 USD
Min purchase: 0.1 ETH
Total supply: Tokens are only issued when physically sold
(350,000,000 tokens maximum possible supply, as per smart contract)
Soft cap: 1,000,000 USD
Hard cap: 35,000,000 USD
ICO Start date: 1st of December 2018
The Pre-ICO starts on 1st of September and comes with an up to 25% Bonus, visit their website and click on "Register Your Interest" to keep informed.
🔶 Our Score:
🌕🌕🌕🌕🌗 4.5/5
The Mobu project, which delivers a product which is genuinely needed, is managed by a strong team and advisory board with lots of experience in a broad spectrum. They have a detailed whitepaper and a clear vision while entering a vast market where up until now none competitor is active. Security tokens are apparently "the future of Crypto", and thus, we expect Mobu to be a strong player and a success story in this area. The MVP is announced for this month, just before the Pre-Sale starts, and once we had a chance to test the platform, we will consider to higher the current rating.
🔶 Promotional video: https://youtu.be/ydlXE_E2UUo
🌐This Friday Coinbase will be launching GBP: ETC/ETH/LTC/BCH trading pairs to support UK banks.
Previously british users had to deposit fiat into an account in Estonia and endure excessive fees and commissions since it was then converted to Euros on the trading platform.
💡As per official statement: With support for UK domestic bank transfers in GBP via the Faster Payments Scheme, it is now significantly easier, faster and cheaper for UK customers to trade cryptocurrencies on the Coinbase platform. Coinbase Pro is the only major digital currency trading platform that supports UK Faster Payments and it’s our goal to be the trading platform of choice for UK crypto traders.
There will be three stages to the launch to ensure a smooth rollout and adoption:
💎Post only. In the first stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of 10 minutes.
💎Limit-only. In the second stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of 10 minutes.
💎Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.
Previously british users had to deposit fiat into an account in Estonia and endure excessive fees and commissions since it was then converted to Euros on the trading platform.
💡As per official statement: With support for UK domestic bank transfers in GBP via the Faster Payments Scheme, it is now significantly easier, faster and cheaper for UK customers to trade cryptocurrencies on the Coinbase platform. Coinbase Pro is the only major digital currency trading platform that supports UK Faster Payments and it’s our goal to be the trading platform of choice for UK crypto traders.
There will be three stages to the launch to ensure a smooth rollout and adoption:
💎Post only. In the first stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of 10 minutes.
💎Limit-only. In the second stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of 10 minutes.
💎Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.
💠Ripio startup, that raised $37 million in an initial coin offering last year to build the Ripio Credit Network, announced a launch of p2p platform, which is based on the Ethereum smart contracts and provides microloans to its users.
👥The service is now available for more than 200,000 cryptocurrency wallets owners from Argentina, Brazil and Mexico.
💰At the moment, the number of creditors already exceeds 3,000 people. The company issues loans for up to $730, though so far the average loan size is $146.
💳Unlike most crypto exchanges, Ripio allows people to use their service without having any credit history. This is very important in the Latin American market, where a large part of the population has rather complicated relationships with financial institutions.
📟To standardize the records of issued loans, Ripio developed its own model of user identification based on claims (for example, Joe made all payments on his loan to the car in a timely manner), which operates on the basis of the Ethereum protocol.
🗣Sebastian Serrano, the CEO:It gives the user credit history. Even if the marketplace disappears the code will continue to execute.
🎢Next year the startup plans to enter the markets of Chile, Colombia and Uruguay. Also, Ripio signed a partnership with a large electronic platform Mercado Libre. Serrano said that Mercado Libre provides 15% of the company's volume of transactions.
👥The service is now available for more than 200,000 cryptocurrency wallets owners from Argentina, Brazil and Mexico.
💰At the moment, the number of creditors already exceeds 3,000 people. The company issues loans for up to $730, though so far the average loan size is $146.
💳Unlike most crypto exchanges, Ripio allows people to use their service without having any credit history. This is very important in the Latin American market, where a large part of the population has rather complicated relationships with financial institutions.
📟To standardize the records of issued loans, Ripio developed its own model of user identification based on claims (for example, Joe made all payments on his loan to the car in a timely manner), which operates on the basis of the Ethereum protocol.
🗣Sebastian Serrano, the CEO:It gives the user credit history. Even if the marketplace disappears the code will continue to execute.
🎢Next year the startup plans to enter the markets of Chile, Colombia and Uruguay. Also, Ripio signed a partnership with a large electronic platform Mercado Libre. Serrano said that Mercado Libre provides 15% of the company's volume of transactions.
📟🐜It became known that AntPool, one of the largest mining pools, used AsicBoost algorithm for the production of the bitcoin block # 540032.
This is evidenced by the data of Asicboost.dance, a resource that shows the blocks obtained with this technology.
Algorithm optimization protocol AsicBoost allows you to find blocks about 20% faster than other miners by reducing some of the mathematical operations.
Last week about 4% of the blocks in the main bitcoin network were produced using AsicBoost. In this case, as the Asicboost.dance data show, this technology is resorted to such large pools as F2pool, Slushpool and BitClub.
Earlier, the crypto community repeatedly accused Bitmain and the companies under its control in using AsicBoost, but the Chinese company categorically denied it.
Reportedly, AntPool owns 13.3% of the aggregate hash of the bitcoin network.
This is evidenced by the data of Asicboost.dance, a resource that shows the blocks obtained with this technology.
Algorithm optimization protocol AsicBoost allows you to find blocks about 20% faster than other miners by reducing some of the mathematical operations.
Last week about 4% of the blocks in the main bitcoin network were produced using AsicBoost. In this case, as the Asicboost.dance data show, this technology is resorted to such large pools as F2pool, Slushpool and BitClub.
Earlier, the crypto community repeatedly accused Bitmain and the companies under its control in using AsicBoost, but the Chinese company categorically denied it.
Reportedly, AntPool owns 13.3% of the aggregate hash of the bitcoin network.
Crypto ATM market to skyrocket in next five years – research report
The cryptocurrency automated teller machine (ATM) market is expected to grow nearly tenfold over the next five years, according to a report by ResearchandMarkets.
According to the 94-page research paper, the crypto ATM market will post a compound annual growth rate (CAGR) of 54.7%, rising in value from $16.3 million in 2018 to $144.5 million in 2023.
“Growing fund transfers in developing countries, fluctuating monetary regulations, and increasing installations of crypto ATMs in restaurants, bars, general stores, and gas stations are the factors driving the growth of the crypto ATM market,” ResearchandMarkets said.
The analysts noted the growing demand for two-way ATMs, where users can buy and sell cryptocurrencies. The rising popularity of these machines is fueled by their multifunctionality features, ResearchandMarkets added.
According to Coin ATM Radar, one-way ATMs currently dominate the market, accounting for about 62.5% of all existing machines. Most of the crypto ATMs are located in the US.
ResearchandMarkets expects the North American region to maintain its leading position due to its favorable investment environment and increasing rate of crypto adoption, as well as the large number of crypto ATM hardware and software providers operating in Canada and the US. Other countries, including Germany and Japan, are also seen expanding their crypto ATM capabilities.
The analysts also outlined factors that may hinder the growth of the crypto ATM market in some regions:
“Uncertain regulatory status of cryptocurrencies, and lack of awareness and technical understanding regarding cryptocurrencies restrict the market growth for crypto ATM manufacturers and operators. Further, concern regarding security and privacy is expected to pose a challenge to the market players.”
While the report does not cite security as a concern, Bitcoin (BTC) ATM malware has reportedly been sold on the dark web for $25,000. The malware comes with a ready-to-use card with EMV/NFC capabilities, cybersecurity firm Trend Micro revealed in August.
More recently, Russian police officers seized more than 20 cryptocurrency ATMs, owned and operated by a company called BBFpro. The reason for the appropriation remains unknown, but BBFpro said the authorities wanted to know the working system used in the ATMs and how the company operates these machines.
The cryptocurrency automated teller machine (ATM) market is expected to grow nearly tenfold over the next five years, according to a report by ResearchandMarkets.
According to the 94-page research paper, the crypto ATM market will post a compound annual growth rate (CAGR) of 54.7%, rising in value from $16.3 million in 2018 to $144.5 million in 2023.
“Growing fund transfers in developing countries, fluctuating monetary regulations, and increasing installations of crypto ATMs in restaurants, bars, general stores, and gas stations are the factors driving the growth of the crypto ATM market,” ResearchandMarkets said.
The analysts noted the growing demand for two-way ATMs, where users can buy and sell cryptocurrencies. The rising popularity of these machines is fueled by their multifunctionality features, ResearchandMarkets added.
According to Coin ATM Radar, one-way ATMs currently dominate the market, accounting for about 62.5% of all existing machines. Most of the crypto ATMs are located in the US.
ResearchandMarkets expects the North American region to maintain its leading position due to its favorable investment environment and increasing rate of crypto adoption, as well as the large number of crypto ATM hardware and software providers operating in Canada and the US. Other countries, including Germany and Japan, are also seen expanding their crypto ATM capabilities.
The analysts also outlined factors that may hinder the growth of the crypto ATM market in some regions:
“Uncertain regulatory status of cryptocurrencies, and lack of awareness and technical understanding regarding cryptocurrencies restrict the market growth for crypto ATM manufacturers and operators. Further, concern regarding security and privacy is expected to pose a challenge to the market players.”
While the report does not cite security as a concern, Bitcoin (BTC) ATM malware has reportedly been sold on the dark web for $25,000. The malware comes with a ready-to-use card with EMV/NFC capabilities, cybersecurity firm Trend Micro revealed in August.
More recently, Russian police officers seized more than 20 cryptocurrency ATMs, owned and operated by a company called BBFpro. The reason for the appropriation remains unknown, but BBFpro said the authorities wanted to know the working system used in the ATMs and how the company operates these machines.
Orvium - Open and Transparent Science Powered By Blockchain
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
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Orvium
Public group of the Orvium Project orvium.io