Tag Archives: #blockchain

Decentralized Identity Systems and the Future of Marketing

Decentralized Identity Systems and the Future of Marketing

What if SSI evolved into more freedom for Content creators and influencers that resulted in an Ad-free blockchain internet?

Instagram stories have become intercepted with Ad-spam,

it’s a pretty terrible user experience. As Facebook seeks to monetize Messenger, WhatsApp and Instagram?—?since Facebook’s flagship app is a dying app; the message is clear. Centralized Ads are polluting the internet. Whatever you believe self-sovereign-identity is, blockchain needs to decentralize identity systems on the internet to ensure consumer privacy, control and freedom.

The Emergence of the Next Web Based on Blockchain

A digital identity that’s accountable to human rights, is that so much to ask? Digital creators and influencers need to have full-rights to their creations just as consumers should have full rights to their data, which they can then barter or sell or trade via tokens with advertising platforms. Facebook and Google’s model is all wrong, it’s the past.

I’m following a lot of crypto projects related to UBI and the decentralized identity systems that reward people better. One of the terms I like the most is called “self-sovereign marketing”, where several startups are looking into creating more fairness in content and referral traffic for influencers in a more transparent way.

Everytime I post on LinkedIn, in the back of my mind I’m wondering why I don’t get paid. On Medium, I can put my articles behind a paywall and make a living wage. Why would I ever post again on Instagram or Twitter without some measurable return on investment? I need social media to work for me. If I have 195,000 followers on LinkedIn, that has to mean something.

Human Rights on the Internet

What people do should matter, and their digital rights not just to privacy, but to empowerment is key for how we build the internet and restart it with blockchain. SSI should not just serve Governments in how they track citizens on centralized blockchains. There must be an aspect of decentralization where the peer-to-peer aspect empowers people globally. Imagine if LinkedIn actually worked that way, and wasn’t just a spin-off of Microsoft? Imagine if Facebook stood for something more than a “family of apps” that is just an advertising machine?

SSI should complement existing advertising and government digital identity systems, just as Bitcoin and over 2,000 digital assets already complements how fiat transactions, investment, trading and assets work. Decentralization is about bringing the internet a new era of freedom, stability and alternatives to what’s not working. Let’s be honest, Google and Facebook should probably be broken up. (We don’t need the inventor of the Internet to tell us that). They are too centralized and have become corrupt.

In a future world of decentralized identity,

consumers will have more rights and advertising and
brands will open up a new era of ethical influencer marketing.

The Sociology of Decentralization

As mistrust of centralized tech companies grows, in proportion the movement towards decentralization syncs with our collective values.

At the same time now you have people like JP Morgan saying they are behind Ethereum. We can only assume the rise of digital assets and a token based economy will herald new options and alternatives for consumers on the next phase of the internet. We can’t stay on Facebook family apps and think it’s okay anymore. Consumers will demand better experiences, just like I as an indie journalist need incentives that motivate me and don’t just exploit me for my creativity.

Decentralization is the Key in How we Transition Past Advertising to the Next WebSelf-sovereign identity platforms need to scale with the future of how the internet will work. Their dApps need to empower consumers where new ecosystems of value can emerge that create more level playing fields.Capitalism without trust and blockchain might have trouble sustaining its value based on the old tricks (like vanity metrics for instance).As Instagram itself becomes saturated with stories that no longer have relevance to our fleeting attention, a new generation of apps will take its place.Many of those will have self-sovereign marketing built into them. This is already happening with many micro-video apps, you just might not be aware of it yet.

Self Sovereign Marketing will scale a new model of advertising

and change the internet forever.SSM will Hardcore Opportunity and Authenticity in the next Era of Social Marketing Advertising just like physical retail, needs to adapt to the values of the new consumer. Decentralization identity systems will augment how consumers participate in the future of advertising. Any blockchain startup that’s pioneering better incentives for these apps is ultimately contributing to the future of self-sovereign identity and self-sovereign marketing, SSI and SSM respectively. One day I’ll do a survey covering the main ones.

In a world of cryptoeconomic freedom, social platforms won’t own our data, we will. We’ll be driven by economic incentives to collaborate and create, in an open-source and permissionless manner where we’ll have unparalleled self-governance to explore our interests and abilities online compared to the enslavement of the internet today. Digital assets are pointing to a new model of how the internet of the future will work.

Article Produced By
Michael K. Spencer

Medium member since Apr 2018

Blockchain Mark Consultant, tech Futurist, prolific writer. WeChat: mikekevinspencer

https://medium.com/futuresin/decentralized-identity-systems-and-the-future-of-marketing-c6e1fde04552

 

 

TP

Markethive’s Entrepreneur Alpha and BOD news

Entrepreneur, Alpha and BOD news

I get feedback from many of our older subscribers that indicate a certain level of limited activity. This email hopefully will address some questions and some concerns for you old timers and Veretekk legacy members.

  1. Logging in. Many of you have not logged in in years, some many months. Those of you that have depended upon Facebook for logging in, Facebook changed the rules and we had to set up a new API. What that means your current Facebook configuration will not work. You will have to log in with a different social account like LinkedIn, Gmail or Yahoo. If none of this is an option, you will have to depend on the LOST ACCOUNT RETRIEVAL link and follow the instructions.

    Or just set up a new account. As we are revitalizing the new Markethive within the blockchain, old accounts not logged into beyond 6 months will be deleted soon.
     

  2. The Alpha accounts have been converted to ILP shares. ILP shares are the new asset of Markethive and now being in Phase two a full ILP share is selling at $15,000 per share. Your Alpha account(s) represent 10% of that share. Don’t know what this means? You will need to attend our Sunday meetings and ask us to explain our new crowdfunding strategy as we are still in a pre-launch in that regard. Phase one has sold out already with shares listed at $10,000. There are 4 phases of the crowdfunding. Remember we are a new company with Markethive converting to the blockchain for many reasons.
     
  3. The original BOD (Bond of Debt) notes were sold at $4800 via a failed company called Shell Holdings. We have grandfathered them into Markethive ILPs at 50% of a share. Again want to understand the details, come to the meetings. We have been moving forward with this new Markethive blockchain prelaunch since April of this year with 4-10 meetings in this regard per week for over 6 months now. If you are still in the dark, perhaps you should wake up and pay attention. Markethive is your system after all.
     
  4. The Entrepreneur program trumps the other older legacy programs. Primarily because the new Markethive is now a blockchain and with it comes asset coins like Bitcoin. And this allows us to offer coins (of value) as an incentive to join Markethive. This was our primary reason to make this move. But there are other solid reasons as well. Security, privacy, autonomy, and economy. I will explain:

    The Airdrop: Startup Blockchain companies have utilized a relatively new concept called airdrops. In doing so they have exploded awareness and growth. Case in point is a start-up ICO called Omisego. They gave away 5% of their total coin supply and increased subscribers into the millions and drove the value of the coin up over 500%.

    “Airdrops combine the best of paid referral programs with stock options. Potential users get paid for joining or using the network and have the potential upside if the network increases in value.” – Brayton Williams to CoinDesk

    Prior to the Airdrop OMG coin was valued at .50 but increased to peak at $24 per coin. It is now trading steadily at about $3.50. How would you like 500 of these coins? How would you like 5000 of these coins?

    Then there is Paypal who raised awareness by giving away $20 for new accounts and $20 for referring others. It then dwindled to $10 then $5 then tapered off and went away. But not until increasing memberships into the millions and subsequently turned Paypal into a multibillion-dollar company valued at more than $40 billion dollars

    Matching Bonus: Markethive is planning on creating an infinite Airdrop with our first wave of subscribers getting 500 coins for joining and giving you (If you upgrade to Entrepreneur) a matching 500 coins for each referral (called an associate) through your account (the profile page), This being a fundamental new direction of Markethive.

    Customer Acquisition: As Markethive raises millions at least half is going to advertising, press releases and sponsored articles, all designed to drive traffic and new registrations into Markethive. As an upgraded Entrepreneur, and active (actively logged into Markethive) you will receive your share from the new referral registrations (associates)

    Associates Leads control panel: (available to Entrepreneur upgrade) Everyone always wants leads. Everywhere you hear other systems claim they lead nurture. Basically, the majority of lead systems consider spying email and additional spamming as lead nurturing. Not at Markethive. We nurture your “associates” by paying them to learn via our tutorial system (another blockchain advantage), we nurture them by teaching them the power of adding all their social networks into the Markethive > settings > Social Networks so they can increase their own reaches as well as prosper by subscribing to other pertinent Markethive blogs.

    Markethive Profile Associates leads are the best leads in the industry. They are real, email delivery is above 97%, cell numbers are verified, and engagement is virtually 100%. It does not get better than this. We do not like even referring to them as leads. This is why they are called “associates”.

    Banner Program: (available now only through the Entrepreneur upgrade) Banners used to be available to everyone, but it costs credits you either earned via certain actions, or transfers or buying them. We ended that program for several reasons. Firstly because we now have crypto coins and that trumps ad credits. Also, members rarely ran banners. So I have to assume that the old banner program did not work. Getting banner credits for clicking on banners guarantees bad traffic. We don’t do it you should not join systems that do. With that said, to run a 30 day banner in one category on the Warriorforum, which by the way is a great place to do so, will cost you about $4000.00 There Alexa ranking is 11,000 and ours is 55,000 doing the math $4000 x 20% = $800 so you can see our inclusive banner program is a valuable addition to the Entrepreneur upgrade.

    Traffic Portals: The Entrepreneur program is required to be a seller in our traffic portals. The following traffic portals are in production; Markethive.exchange (Entrepreneurs can exchange coins with no exchange fees); Beelancers.com (Only Entrepreneurs can sell on the platform and there are no transactional fees); Bigcaboodle.com (Only Entrepreneurs can receive business via this portal); Aboutbitco.in (Only Entrepreneurs can sell Press Releases and receive income from the sale); Hiveroom.com (Only Entrepreneurs can receive business via this portal) and there will be ongoing more Traffic Portals ad infinity.

    ILP Shares Portal: As Markethive prepares for our official crowdfunding launch each Entrepreneur will have their branded ICO portal to promote the crowdfunding and by doing so, if that Entrepreneur should sell any of the ILPs will get an equal Shadow ILP in the process.
     

  5. Matching ILP Shares: When you upgrade to the Entrepreneur program, we match your monthly payments, when you consecutively make your payment every month for 12 months. In other words, after 12 consecutive monthly payments, you will earn a 10% ILP share which is worth right now $1500. We are basically giving you your money back and way more

The urgency and importance of getting on the weekly events, rallies, and webinars as things are beginning to move and faster at that.  You took the time to register; if you’re not interested just tell us and we will terminate and delete your account. If you are frustrated and cant find your original account, use the LOST ACCOUNT RETRIEVAL and if all else fails, join our Telegram support group for assistance.

And if all that fails, email me, call me just join the conferences. Access is easily found in our calendar and that is clearly listed in our root domain at http://markethive.com

I really hope to see you all there. The show is starting and after all we have been through, do you really want to miss it?

God Bless you and God Bless Markethive

 


Thomas Prendergast
CEO and Founder

 

Douglas Yates
CTO and Founder

TP

Godfather of Fintech Uses Cryptocurrency and Blockchain Technology to Make Crowdfunding More Legitimate

Godfather of Fintech Uses Cryptocurrency and Blockchain Technology to Make Crowdfunding More Legitimate

Thomas Carter, a fintech startup veteran and serial entrepreneur, is on a mission to disrupt the traditional finance model capital raising by leveraging cryptocurrency and blockchain technology. Although ICOs are known for their scams and Ponzi schemes, Carter has found a new way to leverage the ICO model and create an alternative to bank financing without the messy scams. He calls this Dealbox, a business accelerator and crowdfunding platform that tokenizes startup companies.

A Quarter Century of Experience in FinTech

As a serial entrepreneur with over 30 years experience in the startup sector, and as a founder who has raised capital in a number industries from finance, multimedia, to sports, and marketing, Carter noted that there had to be a more accessible procedure to fund a company.

Carter mentioned to Entrepreneur Magazine that he launched Dealbox because he wanted to use his experience to help new startup founders and companies raise capital unconventionally, especially since it’s an extremely tough process.

Dealbox: a Business Accelerator and Crowdfunding Platform

Carter created Dealbox, a crowdfunding platform and business accelerator that helps companies in cutting-edge industries like artificial intelligence, 3D printing, Cannabis, payment processing. Carter intends to disrupt the traditional capital raising model by allowing founders to share their business plans with many investors at once instead of doing many rounds of pitches.

The new approach is possible by leveraging new financial technologies to handle large data sets in real-time.

Instead of the traditional crowdfunding approach, DealBox works with and sources the capital organizations from family offices, private equity firms, and knowledgeable investors during the pre-sales process before the public sale.

He noted that one of the most substantial benefits of crowdfunding is its ability to enable the startup to secure small or large investments from a large number of investors. In return, the investors gain partial ownership, dividends, and appreciation for the funds.

Bringing Due Diligence to the ICO Ecosystem

To invest in DealBox’s startups, investors need to purchase “DLBX” tokens during the pre and public sales. DealBox exchanges the cash as early stage investments in the platform. The crowdfunding and business accelerator then undergoes a “lock-up” period for 12 months.

The tokens are fixed at $1 and do not trade freely, ensuring that the investors are protected from any initial volatility. DealBox then ensures that there is an exit after this period like pursuing Form s-1 Filing or uplisting on a cryptocurrency exchange. Part of the company’s profits is then given to the investors in the form of royalties.

“Our crypto-economic analysts rigorously vet startups against the same compliance standards applied to public companies,” said Carter. “DealBox is creating real economic value by raising standards to improve the overall health of the blockchain ecosystem.”

Article From BTCMANAGER
Writen by Cindy Huynh

 

TP

Demand For Blockchain Remains Strong Despite Bearish Cryptocurrency Market


Demand For Blockchain Remains Strong Despite Bearish Cryptocurrency Market

In an interview with Bloomberg, Grainne McNamara, the blockchain lead at PricewaterhouseCoopers (PwC), mentioned on September 18, 2018, that there is a lot of demand for blockchain technology and interest in the token economy despite the bearish cryptocurrency market.

While blockchain is prevalent emerging technology, regulatory uncertainty is a massive ongoing concern that can impact blockchain’s ability to grow and scale.

The Token Economy is Very Distinct from the Cryptocurrency Industry

While there is a substantial overlap between cryptocurrencies and the token economy, McNamara clarified in the interview that the interest in blockchain technology, token assets, and the token economy is growing and distinct from the cryptocurrency market.

Cryptocurrencies can be the result of a specific blockchain or, however, the token economy is a network of systems that use valuable tokens as a means of incentivizing people within a community. Since tokenization is the strategic interaction between governance and game theory, its definition is significantly broader than cryptocurrencies.  

The token economy and token assets provide a lot more possibilities and opportunities for enterprises to leverage the technology. McNamara expanded on token economics by using the example that not all token assets are cryptocurrencies.

Some serve different functions like security tokens that can represent assets in companies or earnings streams or utility tokens which function can provide access to goods and services that a project will launch in the future.

When it comes to blockchain advisory services, the demand remains high and strong. While the service started out in the financial sector, it has expanded to every industry PwC provides services for.

The interview also explored the results gained from the PwC blockchain 2018 survey. While 84 percent of respondents mentioned that they had some involvement with the technology, 54 percent said that the effort had not been justified.

McNamara clarified that, while gaining a return on investment (ROI) is difficult with blockchain technology, it’s not necessarily a problem with the core technology but rather the company’s ability to implement blockchain technology on a commercial application at scale.

PwC report Shows that China Will Become a Blockchain Leader

The interview also touched on China’s development and growth in the blockchain sector in comparison to the US. While there is a lot of legacy infrastructure in the United States, such as supply chains and financial institutions, McNamara noted that the regulatory environment could be a hindrance to the development of the sector in the United States states.

In August 2018, PwC also released a report on the nature of regulatory uncertainty and its impact on the blockchain industry. The report mentioned that at the current rate, China would overtake the U.S. as the primary blockchain developer in only three to five years.

Original Article by Cindy Huynh
@ BTCMANAGER

TP

Cred App Allows Micro-Investment’ in Cryptocurrencies

Cred App Allows ‘Micro-Investing’ in Cryptocurrencies

Cred is launching a mobile app that allows people to invest small amounts of money in cryptocurrencies. The iOS and Android app is aimed at solving problems around access and transparency associated with buying cryptocurrencies.

Santa Monica, California-based Cred said it has created a “micro-investing” platform to ease access to cryptocurrencies, which have become a hot (and sometimes cold) commodity as people seek to replace cash in the digital era.

With the Cred app, investors can round up the amount they spend on everyday purchases to the nearest $1, $2 or $5 and invest the extra money in cryptocurrency. For example, if an investor who rounds up to the nearest $1 spends $3.55 on an iced coffee, the Cred platform will automatically invest 45 cents in cryptocurrency.

Cred founder Brendon McQueen believes that consumers often feel intimidated when looking to invest in cryptocurrency, due to a lack of education about the industry, confusing product offerings, and reluctance to trust crypto offerings.

The company believes it is uniquely positioned to address these issues by offering an easy-to-use platform that allows users to invest in cryptocurrency, track their progress, learn about each coin prior to investing, and receive daily market recaps and news updates. For its initial rollout, Cred is launching in California, Missouri, Massachusetts, and Montana, with more states being introduced in the coming months.

About 69 percent of people in the U.S. expect the price of Bitcoin to rise in the next five years, but only 5 percent own Bitcoin, according to a Global Blockchain Business Council survey of 5,000 respondents. The high prices of cryptocurrencies, complicated platforms, and lack of education can make the space intimidating for first-time investors.

After signing up and following familiar KYC protocol (know your customer, an anti-money-laundering protocol), Cred presents investors with a variety of cryptocurrency options, such as Bitcoin, Ethereum, XRP, Litecoin, Komodo, and ZenCash — as well as tokens, including Worldwide Asset eXchange’s WAX and Neblio’s NEBL.

In the app, each coin offering includes a graph that can be expanded to show the coin’s price over the last 24 hours, a month, and all time. Users can then press a “Learn” button, which describes each token’s purpose, as well as its history and relevance in the industry. Investors can then select the type of currency they are interested in and choose the amount of money they want to round up from a purchase.

Investors can also set up recurring investments, including on a weekly or monthly basis. Transactions are capped at $2,000 per month to start, which helps add peace of mind for first-time investors averse to spending large sums. Lastly, investors can make a one-time transaction.

“I’m thrilled to finally offer a non-intimidating space for consumers to get involved in cryptocurrency,” said McQueen, who serves as Cred’s CEO, in a statement. “There’s an obvious gap in the market: People aren’t investing in cryptocurrency because they think it’s too complicated and complex. Cred creates a tangible space for people to take advantage of cryptocurrency at any level of experience without having to be an expert. Our platform is clear, quick, and educational — helping us reach our mission of democratizing cryptocurrency and bringing it to the masses.”

Cred is currently partnering with 13 cryptocurrency platforms and coins — including Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Stellar, Monero, Dash, Komodo, Wax, Neblio, and ZenCash — and the company continues to seek out interesting coins and projects to add to its platform.

“We are super excited to be partnering with Cred, as they offer a unique micro-savings and micro-investment platform that will help onboard a whole new segment of cryptocurrency users,” said Steve Lee, chief marketing officer at Komodo, in a statement. “Komodo has long been committed to the global adoption of blockchain technologies and enabling real world usage. Through our partnership, Komodo and Cred will be able to lower the barrier-to-entry into cryptocurrency for the mass market and offer a fiat gateway for KMD in the U.S.”

Cred was founded in April 2018 and has 10 employees. The company has raised $1 million to date. McQueen previously founded and led Tuition.io, a market leader in student loan employee benefits.

Article originally posted:
VB (Venture Beats): https://venturebeat.com/2018/07/31/cred-app-lets-you-micro-invest-in-cryptocurrencies/
by: @DEANTAK   JULY 31, 2018   7:00 AM

TP

Coinbase Launches Gift Cards Sort Of

Coinbase launches gift cards so you can
spend your cryptocurrency at the mall.

Coinbase partners with WeGift to offer customers crypto funded digital gift cards. 

Coinbase is putting a new spin on the cryptocurrency wallet and turning it into a gift card – well, sort of.

The popular exchange desk has partnered with digital gift card provider WeGift to offer a direct route for customers to convert the funds in their wallets into currency for the high street.

It’s a seemingly simple process. Go to the WeGift Coinbase website, select the wallet you wish to spend from, select the amount and gift card, press buy, and presto: you have real world, spendable money for some of your favorite stores.

It should be pointed out though, you won’t actually be spending your cryptocurrency on the high street. You will be exchanging crypto for the local currency and the eGiftcard will be loaded with that, which obviously, high street stores will accept. They will likely have no clue how you funded the gift card, unless you tell them – which you probably will.

Currently it appears that gift cards can only be purchased for Italy, Spain, France, Netherlands, the UK, and Australia (though it seems the Australian offering is pretty limited for now). I counted 36 gift cards currently available to buy for the UK market – at the time of writing – including Argos, Clarks, Evans Cycles, Halfords, Nike and Tesco. There’s well over 100 in total.

One of the common arguments against cryptocurrencies is that nobody accepts them in stores. While this is still mostly the case, this scheme does get us one step closer to spending crypto at Costa by connecting your wallet to a form of payment that store do accept. Though the issue remains, that crypto enthusiast still have to go through another middleperson and we should always try to understand who is benefiting in these partnerships.

Decentralization and blockchain promised to connect purchaser to merchant without the need for an intermediary. Yet here we have a new intermediary, and one that must be taking a cut, even if they do waiver the transaction fee. Granted, WeGift are not a bank or government, but this still isn’t the elegant solution of payment that so many cryptocurrencies promise us in their imagined digital utopia of the future.

 

Correction: This piece inaccurately suggested Coinbase received a three-percent fee for converting your cryptocurrency to a gift card. We’ve updated the piece to redact this statement. Apologies for the mistake.

Article by: Matthew Beedham   from TheNextWeb.com   Published July 25, 2018 — 12:11 UTC

TP

Bitcoin To Soar Past ’12-15k’

Bitcoin To Soar Past '$12-$15k' as 'cautious optimism' turns to 'rabid positivity'

BITCOIN returned to $8k for the first time since May today, with a groundswell of new-found positivity sending prices onwards and upwards. As negative headlines fall away, one expert expects bitcoin to push “toward $10,000” having soared past the “key barriers of resistance.”

Bitcoin positivity is on the up, as prices rise beyond $8,123 the cryptocurrency community has started looking towards the next major landmark, a return to $10,000.

Having added a over $400 so far today Julian Hall, founder of Ultra Education told Express.co.uk that alongside the weather, BTC is also tipping the mercury.

He said: “Not only was it the hottest day of the year as mercury hit 33.3c but the worlds favourite cryptocurrency, bitcoin has also hit boiling point.”

However, he adds: “Without being the one to rain on everyones party but we have been here before.

“What's the difference? Well in my estimation, the most important difference is that in the midst of the recent roller-coaster ride that has been cryptocurrency, all of the major global corporations have pointed towards the fact that a currency of this nature is here to stay.”

Matthew Newton, analyst at eToro, is similarly optimistic. He told Express.co.uk that the bulls are back and maintaining the upper hand, after a significant shift in the price pattern last week.

Mr Newton said: “The short squeeze on the market that occurred after the pattern completed, caused some concern that we were seeing a repeat of what happened in April, when bitcoin failed to break $10k.

“By soaring past those key barriers of resistance, it would seem history is not repeating itself and there’s real strength in the move. If bitcoin can close above $8,000 today, we could assume that we may have a good run toward $10,000.”

Samuel Leach, CEO and Founder of Yield Coin says that the recent price rise comes as more and more large blue chip firms get behind the crypto movement.

Mr Leach told Express.co.uk that businesses are keen to understand whether or not cryptos will be cost safe on currency conversions in terms of cross-border fees or saving time.

He said: “Ultimately they want to know how they can be forward thinking with the use of blockchain technology. Businesses are understanding this is a very hot topic and leading the industry that these businesses head up could be the step needed to get new customers and/or savings, particularly the efficiency they need to streamline their business.

“So the more these talks keep continuing we’ll see businesses popping up that are adopting either cryptocurrencies or blockchain technology. This adds a big positive swing in the industry.”

On where bitcoin could finish the year, Mr Leach says BTC is moving from “cautious optimism towards rabid positivity”.

He said: “Personally, I feel bitcoin could at $12-$15k by end of the year, if the news remains to be positive and regulatory acceptance and growth continues.

“On the flip side if we see more bans and strong regulatory action against cryptos we could see bitcoin around $5.5k-$6.5k at the end of the year.”

 

By DAVID DAWKINS
PUBLISHED: 14:41, Tue, Jul 24, 2018 | UPDATED: 14:41, Tue, Jul 24, 2018:
https://www.express.co.uk/finance/city/993527/Bitcoin-price-ripple-cryptocurrency-ethereum-BTC-to-USD-XRP-news

TP

What are ILP’s? How Do They Work?

What are ILP’s (Initial Loan Procurements) and How Do They Work?
 

Part 1 & 2 of a 7-Part Series. 

  • What is an Initial Loan Procurement(ILP)?
  • What is Blockhive?

Initial Loan Procurement (ILP) is slowly emerging as an alternative crowdfunding means of raising funds, given that it promises to bypass some of the issues that have clobbered ICOs credibility.

Initial Coin Offerings have for the longest time emerged as a preferred means of raising funds in the blockchain and cryptocurrency space. In most cases, they involve projects selling tokens to investors in a bid to raise funds to support the development of new projects and innovations.

In the recent past, the legality of ICOs has been brought to question after the majority of projects that raised funds have gone under, and in the process closed shop with people’s money. With billions of dollars, having evaporated in thin air, the need for another crowdfunding alternative has never been stronger.

Initial Loan Procurement (ILP) is slowly emerging as an alternative crowdfunding means of raising funds, given that it promises to bypass some of the issues that have clobbered ICOs credibility.

What is an Initial Loan Procurement (ILP)?

Initial Loan Procurement is a crowdfunding method that allows borrowers and creditors to enter into loan agreements through legally binding smart contracts. The fact that the contracts are based on blockchain technology means they cannot be altered, thus providing a level of security something that was lacking with ICOs.

ILPs work by simply providing a way for creditors to lend money to a company or project, after entering into an agreement. Terms of such agreements are stipulated’ and embedded in a smart contract, stored on a blockchain for reference. This method provides an alternative way for companies to raise funds while leveraging blockchain technology without having to develop tokens that may be of little or no use.

One of the key benefits of ILPs is that they don’t require emerging businesses in need of funds to develop tokens. Instead, they only have to enter into legally binding agreements that are implanted in smart contracts. Given that ILPs are a form of loans, also means such kinds of funds are not subject to tax as is the case with ICO funding in some jurisdictions.

What is Blockhive?

Blockhive is an Estonian based company with Japanese roots. The company is the pioneer of Initial Loan Procurements that seek to change the way blockchain and other projects are funded. Founded in 2017, the company seeks to create an ecosystem whereby parties will work together and get rid of blockers in a bid to facilitate innovation.

The company partners with other projects looking to design and implement blockchain strategies. Instead of charging a fee for its services, the company enters into partnerships and generates revenues by sharing profits. The model ensures that all parties work together for the success of a project given what is at stake.

Blockhive shot to prominence on the introduction of Initial Loan Procurements, seen as the next big thing when it comes to crowdfunding in the blockchain space. The company has partnered with smart contract developer Agrello to ensure ILP becomes the desired means of raising funds in the industry. The unique funding method can be harnessed by both startups as well as established businesses and nonprofit organizations.

In addition, the two have unveiled FLAT tokens that are to be issued on Ethereum Blockchain while utilizing smart contracts for handling know your customer and AML checks.

STAY TUNED FOR MORE IN THIS SERIES …

Reprint from an article by Swati Goyal that appeared on FXEmpire:
https://www.fxempire.com/education/article/what-are-ilps-initial-loan-procurements-and-how-does-it-work-517180

TP

Hemp Grows Faster Than Bitcoin

CBD Backed Token in Private Sale,
With 750,000 Reasons to Participate

CBDoken, a Vienna-based company, plans to shock the traditional CBD market by creating an open, distributed alternative marketplace through their asset-backed cryptocurrency.

  • Tokenizing CBD products creates an open marketplace where pricing is determined by the public trading the token on the exchanges.
  • Learn how this company can help remove up to 80% of unnecessary costs associated with CBD distribution.
  • Utilizing “proof of burn” will enable clear and transparent communication through the blockchain, making information about supply readily available to the public.
  • Worldwide distribution of publicly priced CBD is the goal of CBDoken. By leveraging the best of blockchain technology and great business practice, the team behind CBDoken has created a plan that will tokenize CBD Full Spectrum Extract.

Why is this important?

Because of the controversy associated with cannabis, even completely legitimate CBD extracts are not traded on the open market due to the potential for supply chain abuse. Some countries even consider CBD to be an illegal product, regardless of the fact that it contains 0-0.02% THC.

This type of attitude from regulators is what prevents the traditional economy from bringing this commodity to the open markets. Utilizing a decentralized token to facilitate trade is perfect because the traders never come into physical contact with the product. On the other hand, white-label brands sell CBD products at outrageous prices, 300-800% more than what they pay to the producers in the US and the EU.

CBDoken shows incredibly high potential to mitigate two of the largest contributors to high CBD prices. The “CBD Full Spectrum Extract” that CBDoken will provide is of the highest quality extracts, with a minimum of 55% CBD concentration. This is a highly competitive product on the quality-based marketplace, for which people are currently prepared to pay up to 8x from production prices. With the help of their proprietary ERC20 token, they will be able to effectively price and position their partner’s CBD product to the open marketplace. No other CBD company in the world has done this before, so there are a lot of curious minds looking to see what the results will be.

How does the token work?

Once the platform is launched, the company will utilize the tokens as a representation of 1g CBD Full Spectrum Extract in stock. The ratio between tokens and the stocked product will remain the same, as part of their smart contact will burn the tokens when an order has been made.

Burning the tokens means that they are getting destroyed at the point of sale, and the product is already on its way to the consumer. The smart contract connects their CBD manufacturer to the end users, providing a clear path of distribution without inflating the price along the way.

CBDoken’s partners own warehouses and extractions facilities in both US and EU markets, and the deliveries will be made through these establishments. The profits made by sales of the first tokenized CBD product “CBD Full Spectrum Extract” will be reinvested into restoring the warehouses’ stockpiles.

In addition to this, a CBDoken Webshop will be opened which will sell the CBD product in exchange for fiat prices based on average token exchange prices. To facilitate the sale, CBDoken will purchase a token from the exchanges and will execute the burning process.

Private Sale Details

There is a limited amount of tokens available for the private sale which will end at the beginning of August. The company is looking to raise about $200k in this period, through the sale of 15000 tokens, i.e. grams of CBD Full Spectrum Extract.

This CBD product is the asset that is backing up the cryptocurrency, and once their solution becomes operational, the smart contract in place will burn the tokens, informing the market about the purchase, and keeping the 1:1 ratio in place.

Original article, video and additional information from:
​https://dailyhodl.com/2018/07/04/pr-hemp-grows-faster-than-bitcoin-cbd-backed-token-in-private-sale-with-750000-reasons-to-participate/

The original content is sponsored by CRYPTO LIVEWIRE dated July 4, 2018 Press Release and should be regarded as promotional material. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.​

TP

Blockchain Smart Contracts

Blockchain Smart Contracts:
More Trouble Than They Are Worth?

We’ve all heard about the benefits of smart contract technology – a trustless tool to boot out the middleman when exchanging money, assets, or anything of value. As revolutionary as blockchain’s latest buzzword may be, smart contract bugs are causing untold chaos.


A visual representation of the digital Cryptocurrency, Bitcoin, on June 11, 2018
in Hong Kong, Hong Kong. (Photo by S3studio/Getty Images
)

Looking at the numbers, one might take Ethereum’s 3% smart contract failure rate as a tolerable loss, a proverbial drop in the ocean. Yet, when a safeguard fails to protect billions of dollars worth of currency, bad things can happen.

Take ICON’s June 2018 bug, which allowed any user—apart from the smart contract creator—to freely enable and disable transactions. The notion of immobilizing an $800+ million blockchain would worry most, but let’s not forget this blunder pales in comparison to past failures.

There have been countless colossal botches, but the king of them very well may be the Distributed Autonomous Organization (DAO) smart contract bug back in 2016. Seeing 3.6 million Ether drained via smart contract hacks, the DAO forced Ethereum’s founders to take radical measures and create a hard fork – the only possibility of salvaging the lost funds (15% of all Ether in circulation at the time).

It takes time to iron out the kinks in any brand-new technology, and smart contracts are no exception.

Can Smart Contracts Be Fixed?

Given that such flaws are compromising funds, sensitive data, and digitized assets of all description, one wouldn’t be wrong to ask if the technology was simply more trouble than it’s worth.

A fair question, but the fact remains that smart contract bugs are not unfixable. A number of projects have emerged to tackle the problem, and any one of them may well be the breath of fresh air needed to restore faith in the technology.

Solutions

Solidified and Security have surfaced alongside a number of companies offering smart contract verification and auditing. Such labor-powered efforts currently dominate the market, costing thousands, even tens of thousands of dollars per audit. These solutions may be impactful on a case-by-case basis, but it’s obvious that a more cost and time-effective solution will be needed to meet the world’s growing appetite for blockchain. It would seem then, that decentralization may have the keys to the kingdom.

For one, Quantstamp—worth nearly half a billion dollars by market capitalization in January 2018—has devised a security-auditing protocol for smart contracts written in Solidity, the programming language championed by Ethereum. Through Quantstamp, clients have their smart contracts scrutinized by peer-submitted verification software and "Bug Finders." While an effective solution, Quantstamp’s process is still overly labor-intensive – source code must be reviewed, and specifications written manually by humans.

Many of these projects have leapt towards solving the smart contract crisis, yet they all face the issue of scalability, not mentioning their inability to address the issues plaguing blockchain ecosystems as a whole – let’s not forget that decentralized applications (DApps) and blockchain code are equally vulnerable to bugs.


How CertiK automatically finds issues in smart-contract code.CERTIK

One company proposing an engineered solution is CertiK – an upcoming verification platform for all the components of a blockchain ecosystem, including smart contracts and DApps. Where its competitors rely on manual verification and the classic testing-based approach, CertiK would point to the fact that testing can only identify when bugs are present, and never certify their absence. Instead, CertiK’s platform will mathematically prove that any items are free of bugs and hacker-resistant.

According to CertiK, the answer to truly scalable verification is a layer-based system. Instead of testing—what the team describes as a “prohibitive” task reliant on human labor—CertiK uses modular verification to break tasks down into smaller ones, allowing them to be solved in a decentralized fashion. This style of work incentives and rewards the community to construct and validate proofs, improve solving algorithms, and maintain a resilient, cost-effective solution – all music to the ears to advocates of decentralization.

Having previously built one of the world’s first hacker-resistant operating systems, the CertiK team is a blend of academic and corporate verification experience – led by Yale and Columbia University professors, and backed by software engineers from Facebook, Google, and FreeWheel.

Blockchain itself may be trustless, immutable and incorruptible, but if we ignore the bugs present in them, they are as good as multi-billion dollar safes with faulty locks. As the technology pushes the globe towards new economic models, we will only demand more from smart contracts, DApps, and the verification solutions that uphold their integrity.

ccording to CertiK, the answer to truly scalable verification is a layer-based system. Instead of testing—what the team describes as a “prohibitive” task reliant on human labor—CertiK uses modular verification to break tasks down into smaller ones, allowing them to be solved in a decentralized fashion. This style of work incentives and rewards the community to construct and validate proofs, improve solving algorithms, and maintain a resilient, cost-effective solution – all music to the ears to advocates of decentralization.

Having previously built one of the world’s first hacker-resistant operating systems, the CertiK team is a blend of academic and corporate verification experience – led by Yale and Columbia University professors, and backed by software engineers from Facebook, Google, and FreeWheel.

Blockchain itself may be trustless, immutable and incorruptible, but if we ignore the bugs present in them, they are as good as multi-billion dollar safes with faulty locks. As the technology pushes the globe towards new economic models, we will only demand more from smart contracts, DApps, and the verification solutions that uphold their integrity.

From article by: Sherman Lee Contributor, Forbes
Dated: Jul 10, 2018, 11:38pm

Sherman Lee is a Partner at Zeroth.AI where he focuses on funding AI and blockchain companies, as well as a founder at Raven Protocol. Previously, he founded Rocco.AI and Good Audience.

 

TP