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#Blockchain: A Very Short History Of #Ethereum Everyone Should Read $SX $SX.ca $IDK.ca #Blockstation $AAO.ca

Posted by AGORACOM-JC at 12:37 PM on Friday, February 2nd, 2018
  • Even those who are not familiar with blockchain are likely to have heard about Bitcoin, the cryptocurrency and payment system that uses the technology.
  • Another platform called Ethereum, that also uses blockchain, is predicted by some experts to overtake Bitcoin this year.

Bernard Marr , Contributor Opinions expressed by Forbes Contributors are their own.

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What is Ethereum?

Ethereum is an open-source, public service that uses blockchain technology to facilitate smart contracts and cryptocurrency trading securely without a third party. There are two accounts available through Ethereum: externally owned accounts (controlled by private keys influenced by human users) and contract accounts. Ethereum allows developers to deploy all kinds of decentralized apps. Even though Bitcoin remains the most popular cryptocurrency, it’s Ethereum’s aggressive growth that have many speculating it will soon overtake Bitcoin in usage.

How is Ethereum different than Bitcoin?

While there are many similarities between Ethereum and Bitcoin, there are also significant differences. Here are a few:

  • Bitcoin trades in cryptocurrency, while Ethereum offers several methods of exchange including cryptocurrency (Ethereum’s is called Ether), smart contracts and the Ethereum Virtual Machine (EVM).
  • They are based on different security protocols: Ethereum uses a ‘proof of stake’ system as opposed the ‘proof of work’ system used by Bitcoin.
  • Bitcoin allows only public (permissionless or censor-proof) transactions to take place; Ethereum allows both permissioned and permissionless transactions.
  • The average block time for Ethereum is significantly less than Bitcoin’s; 12 seconds versus 10 minutes. This translates into more block confirmations which allows Ethereum’s miners to complete more blocks and receive more Ether.
  • It is estimated that by 2021 only half of the Ether coins will be mined (a supply of more than 90 million tokens), but the majority of Bitcoins already have been mined (its supply is capped at 21 million).
  • For Bitcoin, the computers (called miners) running the platform and verifying the transactions receive rewards. Basically, the first computer that solves each new block gets bitcoins (or a fraction of one) as a reward. Ethereum does not offer block rewards and instead allows miners to take a transaction fee.

What are the advantages of Ethereum?

Proponents of Ethereum believe its main advantage over Bitcoin is that it allows individuals and companies to do much more than just transfer money between entities leading Bloomberg to write it’s “the hottest platform in the world of cryptocurrencies and blockchains” and companies such as JPMorgan Chase, Intel and Microsoft to invest in it.

Ethereum’s co-founder, Vitalik Buterin said, “I thought [those in the Bitcoin community] weren’t approaching the problem in the right way. I thought they were going after individual applications; they were trying to kind of explicitly support each [use case] in a sort of Swiss Army knife protocol.”

He envisioned a different way.

Buterin was introduced and intrigued by blockchain technology when he got involved in Bitcoin as a 17-year-old programmer in 2011 and co-founded Bitcoin Magazine. He started to imagine a platform that went beyond the financial use cases allowed by Bitcoin and released a white paper in 2013 describing what would ultimately become Ethereum using a general scripting language.

The key differentiator from Bitcoin was the platform’s ability to trade more than just cryptocurrency.

In 2014, Buterin and the other co-founders of Ethereum launched a crowdsourcing campaign where they sold participants Ether (Ethereum tokens) to get their vision off the ground and raised more than $18 million. The first live release of Ethereum known as Frontier was launched in 2015. Since then, the platform has grown rapidly and today there are hundreds of developers involved.

Ultimately, Buterin hopes Ethereum will be the solution for all use cases of blockchain that don’t have a specialized system to turn to.

Ethereum is still experiencing growing pains and suffers from some of the same issues that Bitcoin does primarily in its scalability. In 2016, $50 million in Ether was stolen by an anonymous hacker which resulted in questions about the platform’s security. This caused a split within the Ethereum community and it broke off into two blockchains: Ethereum (ETH) and Ethereum Classic (ETC).

There have been dramatic fluctuations in the price of Ether, but the Ethereum currency grew more than 13,000 percent in 2017. This tremendous growth is attractive to many investors, but the volatility makes other investors cautious.

It’s still a very young platform, but its potential and applications could be limitless. Ethereum’s infrastructure was enhanced over the last few years when it was challenged with security issues and since it’s less monopolistic than Bitcoin, it is more open to reform measures that might ultimately make it a superior solution to Bitcoin.

Bernard Marr is a best-selling author & keynote speaker on business, technology and big data. His new book is Data Strategy. To read his future posts simply join his network here.

Source: https://www.forbes.com/sites/bernardmarr/2018/02/02/blockchain-a-very-short-history-of-ethereum-everyone-should-read/2/#26dbb6664abc

How #Blockchain is Transforming Payments and More $SX $SX.ca $SXOOF $IDK.ca #Blockstation $AAO.ca $HIVE.ca $CODE.ca $BLOC.ca $BAC $MA

Posted by AGORACOM-JC at 11:31 AM on Tuesday, January 30th, 2018
  • Less than a decade ago, blockchain sounded like the fodder of science fiction; today, the technology is demonstrating its ability to revolutionize the finance industry
  • blockchain provides a new and secure way to execute financial transactions
  • Use of the technology is rapidly expanding, and because of the innovative nature of the technology, its wide-ranging possibilities are being explored and developed by a range of companies with unique objectives

NEW YORK, January 30, 2018  — NetworkNewsWire Editorial Coverage

Less than a decade ago, blockchain sounded like the fodder of science fiction; today, the technology is demonstrating its ability to revolutionize the finance industry. By stepping outside the existing payment structures, blockchain provides a new and secure way to execute financial transactions. The use of the technology is rapidly expanding, and because of the innovative nature of the technology, its wide-ranging possibilities are being explored and developed by a range of companies with unique objectives. Some, such as SinglePoint, Inc. (OTC: SING) (SING Profile), are looking at how to integrate these technologies to provide a better service for select markets. While alarming articles predict the bursting of the ‘blockchain bubble’, established companies such as Bank of America Corp. (NYSE: BAC) and Mastercard, Inc. (NYSE: MA) have moved to adopt blockchain technology, signalling its acceptance by mainstream banking. Meanwhile, companies such as Bitcoin Services, Inc. (OTC: BTSC) and Discover Financial Services (NYSE: DFS) continue looking for new ways to exploit the technology’s potential.

The Future of Payment
Blockchain is a system for recording and sharing information, including financial data. Because of the way data is stored within a blockchain, there is no need for a central organization tasked with controlling records. This decentralization makes it easier to transfer data or money while reducing the risk of fraud or error. The benefits are such that the World Economic Forum has predicted that 10% of GDP will be stored on blockchain technology by 2025.
Blockchain has become famous mostly through the meteoric rise of bitcoin, which has seen the market value of cryptocurrencies rise to over $540 billion. But its use goes far beyond this. Its ability to verify clients and products is expected to lead to better records of property ownership and certification of diamonds. It could provide smart contracts that automatically pay out when success criteria are hit. By acting as a secure system for direct payments, it will reduce the need for intermediaries in financial systems, allowing people to make payments more quickly and directly.

Putting the Pieces Together
One of the companies seeking to take advantage of these capabilities is SinglePoint (OTC: SING), which has grown from a mobile technology provider into a diverse holding company with a growing portfolio of investments in blockchain-related technology. SinglePoint’s aggressive, acquisition-based growth strategy has seen it dramatically expand its services and brand awareness in the investment community.
SinglePoint is implementing blockchain to the core of its business strategy, specifically as it pertains to the cannabis and other ‘high-risk’ industries. By acquiring companies and technologies with established roots in blockchain services, SinglePoint can provide increasingly integrated options for blockchain-based payment systems. For example, the company’s recent agreement to acquire Bitcoin Beyond will provide SinglePoint a user-friendly point-of-sale payment system that will provide merchants and bitcoin users a range of unprecedented capabilities. Bitcoin Beyond was created to overcome the challenges of merchants in the cannabis industry, which is crippled by cash management issues due to the lack of banking options. Functioning as a general-purpose point-of-sale system, Bitcoin Beyond is poised to address the growing demand for fast and reliable electronic payment processing for the cannabis industry.
“We are thrilled with this opportunity. Acquiring Bitcoin Beyond put us ahead of what we believe merchants have access to now. This platform has by far the easiest user interface we have seen in the market, and we are confident merchants will be quick to adopt this solution as it stands as the sole alternative to traditional options offered to the cannabis industry,” SinglePoint President Wil Ralston stated in the press release (http://nnw.fm/l7DK5).
One of the advantages of the Bitcoin Beyond System is that it makes cryptocurrency transactions easy by instantly doing the conversion for USD for merchants and customers. It can process payments in bitcoin, the most popular blockchain payment system, from any web-enabled terminal available at checkout, from a cell phone or tablet to a full PC.
SinglePoint also has its own proprietary bitcoin exchange (app.singleseed.com), launched in November 2017. Customers can easily sign up using a credit or debit card, then use the system to benefit from blockchain’s quick, secure payments.
SinglePoint’s commitment to integrated solutions extends beyond acquiring companies and into collaborations. The company has agreements with various businesses, including fintech solutions provider Global Payout, to advance and streamline the process involved in delivering payment applications.
The company has also teamed up with SharkTank veteran and entrepreneur Kevin Harrington – which has led 20 companies to reach revenues of over $100 million – to develop and promote a range of cryptocurrency projects, including SinglePoint’s exchange and bitcoin payment platform and the integration of Procurrency, an e-commerce and rewards platform using blockchain currency (http://nnw.fm/qV7Xp).
With these initiatives, SinglePoint is tapping into not just one fast-growing sector but two, as many of its financial and technological solutions are geared toward cannabis merchants.

Financial Services for a New Market
With cannabis sales now legal in 29 U.S. states, and legislators opening the way to recreational as well as medical use, cannabis is a lucrative business. But federal legislation designed for the war on illegal drugs has created problems for legal cannabis businesses. Many are unable to access the financial services available to other companies and have been forced to work on a cash basis, making them vulnerable to theft and fraud. Blockchain payment systems provide them with a secure alternative to cash payments without needing to engage with banks.
Services such as SingleSeed are specifically geared toward this market, providing a much-needed product for a growing industry. SinglePoint’s blockchain-based services allow secure payments for cannabis merchants. Its collaborations with other companies, including developing mobile apps with AppSwarm, ensure that these services are easily accessible. SinglePoint’s willingness to move quickly is vital in these fast-growing sectors. The AppSwarm collaboration began with an aim to launch their first app within 90 days.
SinglePoint’s services for the cannabis sector show how blockchain technology and the companies behind it can provide more than just financial solutions. The work with AppSwarm will allow safe delivery to customers in their homes, increasing the speed, security, and efficiency of the cannabis supply chain.
The technology provided by SinglePoint goes beyond just a payment system. It also provides vendors with a system to digitally track their inventories, provide information about products to customers, and automatically remove products from the inventory once sold. Though this is currently targeted at cannabis suppliers, it is a system that could be useful for any cash-based business looking for a more secure way to operate. Thanks to money from the fast-growing legal cannabis market, SinglePoint is creating software that will be useful for all manner of small businesses.
SinglePoint’s interest in integrating systems and supply chains extends into other parts of the cannabis industry. The company recently established a joint venture with Smart Cannabis, making a major move into California’s cannabis market before blanket marijuana legalization in that state. Having previously acquired Discount Indoor Garden Supply in California and invested in California-based cannabis equipment supplier Convectium, SinglePoint is now the owner or investor in products and services covering the whole cannabis supply chain. It is in a position to provide the same sort of integrated services it has pioneered in blockchain payments.
The partnership with Smart Cannabis is particularly valuable in capturing market share within California’s red-hot commercial marijuana cultivation market. Smart Cannabis provides a range of innovative products for cannabis growers, including automated greenhouse systems and a unique seed-to-sale app. Seed-to-sale systems are important in managing cannabis sales and ensuring compliance with government regulations. The joint venture will allow the two companies to incorporate blockchain currency into Smart Cannabis’ SMARTAPP and sell it to growers, integrating seed-to-sale and payment mechanisms (http://nnw.fm/t2SAz).

The Bigger Picture on Blockchain
While SinglePoint is providing some of the most interesting examples of integrated systems using blockchain, an increasing number of companies are also exploring the services this technology can provide.

Bank of America (NYSE: BAC), the second largest bank in America and the largest wealth management company in the world, has long distanced itself from bitcoin, the leading blockchain currency. But as the holder of at least 27 blockchain patents and 39 relating to cryptocurrency, including some for exchanging currencies, it is clear that the bank is interested in the broader technologies. CEO Brian Moynihan has played down the bank’s interest in cryptocurrencies, even as his organisation prepares for a future built around blockchain.

Mastercard (NYSE: MA), one of the largest payment processing companies in the world, prides itself on its forward-looking approach to finance, listing “Putting technology first” among its areas of focus. It has repeatedly shown an interest in blockchain. In a patent filed on the 9th of November 2017, it set out details for a blockchain database that would reduce delays in payment transfers. Like Bank of America, its leaders are pro-blockchain but anti-bitcoin.

Bitcoin Services (OTC: BTSC) provides support services for people dealing in the most prominent blockchain currency, bitcoin. The company is also working on developing blockchain software, as this technology keeps moving forward.
Direct banking and payments company Discover Financial Services (NYSE: DFS) has singled out blockchain as one of the most important technologies shaping the future of payments. Describing blockchain as secure, transparent, and closer in the way it works to cash than to card payments, Discover has identified the technology as one to keep an eye on. Though the company has not yet announced any blockchain innovations of its own, comments on its Discover Network suggest it is preparing its customers for a blockchain future (http://nnw.fm/BlW3O).
Like any transformative technology, blockchain creates challenges as well as benefits. It relies on large data sets, meaning that new infrastructure may be needed to support widespread use. Its ability to provide direct payments with a minimal data trail has created concerns about money laundering and regulatory oversight. But the genie is out of the bottle, and given its benefits, the question isn’t whether anyone will overcome these challenges, it is who will.

For more information on SinglePoint, visit SinglePoint (OTC: SING)

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#Blockchain and the Rise of Transaction Technology $SX $SX.ca $SXOOF $IDK.ca

Posted by AGORACOM-JC at 10:57 AM on Monday, January 15th, 2018
  • The last couple of years were owned by the ‘fintech’ buzzword
  • In a digital dimension, all relations are transactions, like it or not, that’s the way it is
Magda Borowik
Jan 14, 2018 at 10:15 UTC

OPINION

Magda Borowik is the special envoy for fintech to the Ministry of Digital Affairs of the Republic of Poland and the director of technology research at FinTech Poland.

The following article is an exclusive contribution to CoinDesk’s 2017 in Review.

The last couple of years were owned by the ‘fintech’ buzzword.

From startups to investors to government programs, fintech was everywhere. But within the last year, “regtech” and “govtech” have joined the conversation. Very often, you can spot the three in a thought-provoking proximity.

But, do they have something in common?

I believe they all can be described as transaction technologies that enable the secure transfer of value online – be it monetary or non-monetary value. Alternative financial technology, the use of modern computing, and also, technology as a means for building trust, all are tools that are needed by every government.

It’s no surprise then that applications are popping up in many areas – regulators and supervisors using DLT or cognitive computing, governments providing electronic payments for public services or social security. In Poland, strides have been made to harness emerging tech for digital identity, in such a way that it can be provided by the state along with banks and other institutions of trust.

Importantly, our national scheme of electronic identification is based on federated model, which means citizen’s identity is not only served by the state – banks, insurers and telecom providers are able to contribute, too.

This is an important distinction as transaction technologies are defined by the use of a special type of data, data that documents an exchange, agreement or value transfer between parties.

It’s a bit of information describing an event that includes the time and numerical value, and that specifies an agreement or value exchange of commercial or legal significance. Very often it relates to personal data and falls into the scope of banking secrecy.

A natural fit

In a digital dimension, all relations are transactions. Like it or not, that’s the way it is.

Administrations transact with citizens to provide them with trusted public services. They transact with businesses and governments, too. Sometimes citizens transact with government through business. Within strategic sectors, like energy or utility business, transacting is key.

In an increasingly data-focused economy, transacting data can even be said to be a special type of virtualized critical infrastructure. This is why states and businesses need to focus on assuring trusted data structures.

Blockchains and distributed ledgers, then, can be considered a tool for ensuring data integrity, immutability and trust. It does not mean we need to port everything to blockchain. But it can mean provide an additional, transaction layer to existing data structures, a robust audit trail on what happens on our critical infrastructure.

In this way, the possible role of distributed ledgers within digital state infrastructure too often goes unrecognized.

They can be a tool for licenses, rights and entitlements management. What the modern state mostly does is endorse, manage and verify ledgers of social relations; be it property titles register, ledgers of social security entitlements or identity ledgers – of who is a citizen and who can therefore participate in political dealings.

It’s a huge, important and largely under-appreciated and even overlooked function that state fulfills. Based on a social contract, the state is a large trusted entity.

How much we trust the state today is questionable, but the invention of distributed ledgers introduces a way of building a new type of institutional trust – trust in the computer code an institution operates, instead of relying only on trust in its human representatives. Human-to-machine is a new type of trust, which complements the one we traditionally put in people.

In order to progress with digitization, we need to ensure new type of digital trust, where appropriate investments are of highest priority.

Harnessing the potential

So, if distributed ledgers can act as a trust machine, what then?

The first step would be to audit our existing data resources – identifying, cleaning and structuring them in order to achieve organization. Then, a trusted transaction layer may be put on top. This means there won’t be an easy jump onto distributed ledgers for state-owned big data lakes.

Ensuring the integrity and immutability of random, inconsistent data makes no sense.

Still, within the scope of emerging transaction technologies, digitization can benefit from distributed ledgers in many aspects. Trusted data structures, arising from handling data with decentralized consensus mechanisms, can bring in additional value to many horizontal challenges, like e-commerce and legislative processes (where document version control and oversight is critical).

Ultimately, value transfer protocols and distributed ledgers may enable the functional digitization of public services, transforming the service stack together, not just rewriting each physical element to a digital twin. Particularly, if we consider value transfer protocols as digital public services, their use by the state becomes a bit more obvious.

In the coming months, governments around the globe will become more and more aware of the meaning of transaction technologies and the role they play in digitization. Having policies enabling experimentation with emerging transaction technologies will be key.

At the Ministry of Digital Affairs, Republic of Poland, we recently published a new industrial digitization strategy, in which transaction technologies are one of three key areas for growth.

Understanding requires experimenting, and experimenting is an act of humility – to acknowledge that there is no way of knowing without trying new things, making your hands dirty.

Understanding that truth is a first step, but it is important. I wish all government policymakers to act on it, in order to get well prepared for the future to come – sooner than later.

Calculator image via Shutterstock

The leader in blockchain news, CoinDesk strives to offer an open platform for dialogue and discussion on all things blockchain by encouraging contributed articles. As such, the opinions expressed in this article are the author’s own and do not necessarily reflect the view of CoinDesk.

For more details on how you can submit an opinion or analysis article, view our Editorial Collaboration Guide or email news@coindesk.com.

St-Georges $SX.ca $SXOOF Subsidiary ZeU #Crypto Networks Signs Letter of Intent to Acquire all Qingdao Tiande Technologies’ Assets $IDK.ca $HIVE.ca $CODE.ca $BLOC.ca

Posted by AGORACOM-JC at 9:42 PM on Sunday, January 14th, 2018

Sx large

  • Wholly owned subsidiary, ZeU Crypto Networks Inc entered into a non-binding letter of intent to acquire all of the Blockchain and Smart Contract Technologies assets of Qingdao Tiande Technologies Inc.
  • Pursuant to the terms of the LOI, the proposed consideration for the Transaction is an aggregate amount of CND$150 million payable through the issuance of 150,000,000 common shares and 75,000,000 Shares purchase warrants in the capital of ZeU

Montreal, January 14, 2018 St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) announces that its wholly owned subsidiary, ZeU Crypto Networks Inc. (“ZeU”), a private blockchain technology company, has entered into a non-binding letter of intent (“LOI”) to acquire all of the Blockchain and Smart Contract Technologies assets (the “Transaction”) of Qingdao Tiande Technologies Inc. (“Tiande”), a Chinese private company.

Pursuant to the terms of the LOI, the proposed consideration for the Transaction is an aggregate amount of CND$150 million payable through the issuance of 150,000,000 common shares (“Shares”) and 75,000,000 Shares purchase warrants (“Warrants”) in the capital of ZeU. Each Warrant will entitle the holder to acquire one (1) Share at a price of CND$1.00 for a period of three (3) years following the date ZeU completes a transaction pursuant to which its common shares will either be listed on a recognized stock exchange in North America, or will be exchanged for common shares of a reporting issuer listed on a recognized stock exchange in North America.

On January 4, 2018 St-Georges (the “Company”) announced it was granted an exclusive global license to Tiande’s Blockchain and Smart Contract technology for mineral commodity production, trading and tracking. The Company assigned the License to ZeU in consideration of 20,000,000 common shares of ZeU. Whereas St-Georges owned 100% of ZeU with a license specific to the mineral commodity space, upon successful completion of the transaction, St-Georges will share ownership in ZeU, with global application reach.

We are thrilled to enter into this agreement with Tiande and their world class scientific team. Dr. Tsai has laid out a plan to deploy what many industry experts believe to be a world class Blockchain ecosystem that stands at the threshold of a new, far-reaching technological revolution.  The assets being acquired today, from the patents to the commercial and sovereign relationships and the significant human capital, are second to none in the domain.  Our Ecosystem is ready to be deployed in this quarter, starting with the SandBox initiative and quickly followed by the BigData suite of solutions. Finally, the biggest and most significant mass application project, The “Internet of Blockchains” (IoB), will be released before the end of 2018.  Response to IoB in every meeting with industry specialists has been significant and, in some cases, has triggered discussions into the realm of what was once unimaginable” said Frank Dumas, CEO and President of St-Georges and ZeU.

The Transaction is anticipated to close on or before February 28, 2018 with a definitive purchase agreement being entered into on or before February 5, 2018. The Transaction is subject to the approval of the Canadian Securities Exchange and certain conditions pursuant to the terms of the LOI, including the completion of a CND$20 million financing on term acceptable to ZeU and satisfactory due diligence.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

 

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

For Press Release Inquiries: 514.295.9878 or ceo@stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

2018: The Year We Democratize #Blockchain $IDK.ca $SX.ca $SXOOF#Blockstation

Posted by AGORACOM-JC at 2:47 PM on Tuesday, January 9th, 2018
  • World has seen tremendous interest in blockchain across industries and countries, from thousands of new startups, to blockchain labs popping up in commercial and federal organizations
  • Democratization of a given technology can happen in many ways, from the number of people, products and solutions using that technology, to its business value or the level of disruption it activates.

Eric Piscini, a principal with Deloitte Consulting LLP, is the global leader of Deloitte’s financial services blockchain consulting efforts and co-lead at its the global blockchain and cryptocurrency team.

As the technology behind bitcoin nears its 10th year in the market, let’s celebrate the positive.

The world has seen tremendous interest in blockchain across industries and countries, from thousands of new startups, to blockchain labs popping up in commercial and federal organizations, to a number of consortia established looking to solve their industry’s biggest challenges.

One can go so far as to argue that 2017 saw the democratization for cryptocurrencies.

Democratization of a given technology can happen in many ways, from the number of people, products and solutions using that technology, to its business value or the level of disruption it activates. As opposed to previous technology waves – like open source – blockchain technology is, at its core, is designed to empower people versus organizations. It is thus natural that blockchain democratization is also core to its success.

With kids accepting bitcoin on lemonade stands, teenagers investing in ether to pay for college and traders standing up crypto-trading desks, there is no doubt that cryptocurrencies have helped democratize blockchain. Ask anyone who has been involved in blockchain without being involved in bitcoin for proof of that. In a way, blockchain has been democratized via cryptocurrencies — but the real democratization of blockchain is about to happen.

With democratization at its core, here are some of the things I expect to see happen in the year ahead.

For a host of reasons, it is a critical year for every aspect of the space.

1. Killer apps

2018 might very well be the year of the killer customer app on blockchain.

While the CryptoKitties were cute, they also demonstrated some limitations of the technology platforms; it will likely incentivize those in the industry to develop more stable and scalable blockchains. And, as the foundations mature, we will see major advancements in the usage of blockchain solutions for consumers. Whether it be personal electric grid management, digital identity, gaming, loyalty or credit scoring, we will probably use a blockchain app in 2018 without knowing that it is backed by blockchain technology.

2. Major tech developments

Advancements will come in the next few months that will make the use of blockchain platforms easier than ever before. And it will happen across the main stacks of Hyperledger, ethereum and Corda, among others.

This will address a key challenge that we all face today — the scarcity of talent, especially in developers and architects. When it’s easier to provision and develop on blockchain technologies, innovation will be unleashed, many more solutions will be created, which will help drive more experimentation and successful platform launches.

3. Governments and regulators will drive adoption

These groups are now engaging and leading in blockchain efforts after studying and getting up to speed on the technology.

They now understand the value of blockchain for themselves and their constituencies. We will see large-scale use of blockchain led by governments, probably first in developing economies and small countries where incumbents are less influential. Financial inclusion, digital identities, regulatory reporting and payments will be the main areas improved by blockchain in 2018.

4. Corporations and non-profits will become major players

I believe these organizations will be the main engine in translating the promises into real commercially viable solutions, a massive role in the democratization of blockchain. Most importantly, they will have to accept that their long-term role in our economies might be dramatically different than it is today. We have seen both sides of the coin so far, pun unintended.

Those taking the defensive position – like notaries – will go the dinosaur way. On the other hand, those going on offense, with aggressive moves from major corporations, like banks, insurance companies and other financial institutions, will help build the next generation of business platforms on blockchain.

The biggest question: Will they be nimble enough to compete with the startups? Will they be protected by regulations? Will they generate return on their investments so far?

5. The jobs market will take notice

When it comes to talent, which is the first thing I think about when I wake up each morning, the job market too will be impacted and blockchain will offer new productive lives for many. The decentralization of work has already started and I’m a big believer that blockchain will fuel its growth. Imagine a world where each of us can monetize our time, skills and experiences on-demand and be rewarded with micropayments from a decentralized platform.

Work has been democratized many times over but it might very well be the last phase.

All that said, there might be a downside to the democratization of blockchain. If you consider blockchain as a non-human trustee, autonomous organizations running on blockchain are – as we have seen with the DAO – not so sci-fi anymore. Democratization of technology often requires strong ethical behaviors and, sometimes, a regulatory framework. We cannot overstate these aspects in our race to introduce blockchain to the world.

6. There will be surprises

No, I did not forget cryptocurrencies and other tokens.

They have reached democratization in financial markets already, with many exchanges and financial instruments. Will it open a new wave for anyone to invest into a new asset class, will it burst into flames, will it enhance existing businesses, or will it create new decentralized business models? All of the above, which is why 2018 is going to be the most exciting year in blockchain so far.

Democratizing blockchain will be central for us in 2018, as I believe it will generate an unprecedented level of change in the next decade.

Participation image via Shutterstock

The leader in blockchain news, CoinDesk strives to offer an open platform for dialogue and discussion on all things blockchain by encouraging contributed articles. As such, the opinions expressed in this article are the author’s own and do not necessarily reflect the view of CoinDesk.

Source: https://www.coindesk.com/2018-year-democratize-blockchain/

ThreeD Capital $IDK.ca Adds Dr. Wei-Tek Tsai To Advisory Board $SX.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 8:28 AM on Tuesday, January 9th, 2018

Threed capital

  • Announced today the addition of Dr. Wei-Tek Tsai to its Advisory Board
  • Dr. Wei-Tek Tsai received his B.S. in Computer Science and Engineering from Massachusetts Institute of Technology (MIT) at Cambridge, MA in 1979, M.S. and Ph.D. in Computer Science from University of California at Berkeley in 1982 and 1985
  • Company also wishes to advise the addition of George Tsiolis to the Advisory Board

TORONTO, Jan. 09, 2018 — ThreeD Capital Inc. (the “Company”) (CSE:IDK), a Canadian-based venture capital firm focused on investments in promising, early stage companies with disruptive capabilities, is pleased to announce today the addition of Dr. Wei-Tek Tsai to its Advisory Board.

Dr. Wei-Tek Tsai received his B.S. in Computer Science and Engineering from Massachusetts Institute of Technology (MIT) at Cambridge, MA in 1979, M.S. and Ph.D. in Computer Science from University of California at Berkeley in 1982 and 1985. He worked for the University of Minnesota from 1985-2000, serving as Director of Graduate Studies in the Department of Computer Science and Engineering.

Dr. Tsai left University of Minnesota and joined Arizona State University in 2000 as a professor of Computer Science and Engineering in the School of Computing, Informatics, and Decision Systems Engineering. He became an Emeritus Professor in December 2014.  In China, he initiated the first academic laboratory dedicated to blockchain research and education in China at Beihang University’s School of Computer Science and Engineering.  He has authored more than 500 papers in software engineering, service-oriented computing, cloud computing and blockchains.

Sheldon Inwentash, Chairman and CEO of ThreeD Capital, stated, “Dr. Wei-Tek Tsai is a world-renowned Blockchain expert who, amongst his many great accomplishments, has developed high-speed super large ledger technology that could represent the most disruptive protocol of the already disruptive blockchain industry. His experience and knowledge will be invaluable to our Blockchain initiatives.

Dr. Tsai stated, “I am pleased to join the Advisory Board of ThreeD Capital, whom has recognized the value of our blockchains in numerous domains, including financial and other applications.  Our blockchains can process enormous volumes of data in high speed and has been proven in the field.  I look forward to working with Sheldon and his team.”

The Company also wishes to advise the addition of George Tsiolis to the Advisory Board. George is the Founder of AGORACOM, the largest online investor relations and marketing community dedicated solely to the small cap stock industry. Over the last 10 years, AGORACOM has served over 300 public companies, generating over 500 million page views and 51 million visits from investors.  He is a graduate of Osgoode Hall Law School and a recipient of the Dean’s Honour Roll Award during his undergraduate studies in Economics.  He was called to the Ontario Bar in 1995. Mr. Tsiolis has been a keynote speaker at major small cap and technology conferences and produced Season Two of the nationally televised small cap show, The Next Biggest Winner.

About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the Junior Resources, Artificial Intelligence and Blockchain sectors. ThreeD seeks to invest in early stage, promising companies and ICOs where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company’s ecosystem.

For further information:
Gerry Feldman, CPA, CA
Chief Financial Officer and Corporate Secretary
Feldman@threedcap.com
Phone: 416-606-7655

St-Georges $SX.ca $SXOOF Announces #Blockchain & Smart Contract Technology & Transfer & License Agreement with Qingdao Tiande Technologies #Bitcoin #Ethereum $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 6:00 PM on Thursday, January 4th, 2018

Sx large

  • Announced the signing of a significant, non-arm’s length blockchain and smart contract technology license agreement, with Qingdao Tiande Technologies Inc
  • Tiande is led by world-renowned blockchain expert, Dr. Wei-Tek Tsai
  • Tiande has granted St-Georges an exclusive license to use Tiande’s proprietary technologies, patents and know-how to develop and commercialize novel mineral commodity production chain control, tracking and trading exchanges

Montreal / January 4, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce the signing of a significant, non-arm’s length blockchain and smart contract technology license agreement (the “License”), with Qingdao Tiande Technologies Inc., (“Tiande”). Tiande is led by world-renowned blockchain expert, Dr. Wei-Tek Tsai, who initiated the first academic laboratory dedicated to blockchain research and education in China at Beihang University’s School of Computer Science and Engineering.

Under the terms of the License, Tiande has granted St-Georges Eco-Mining Corp. (“SX”) an exclusive license to use Tiande’s proprietary technologies, patents and know-how to develop and commercialize novel mineral commodity production chain control, tracking and trading exchanges. In consideration for the rights granted under the License, SX shall pay to Tiande a royalty of 8% of the gross revenues derived from the Licensee.

“This technology license agreement builds upon our long standing collaboration with Dr. Tsai and the early vision we shared about the potential of blockchain technologies both in general and specifically within the mineral commodity space. Over the last few months, St-Georges has been strengthening the scope of its mineral projects and technologies and this agreement now provides us with access to blockchain technology that can significantly impact our industry, then reach beyond” said Frank Dumas, St-Georges’ President and CEO.

In order to accelerate development and better accommodate future financings, SX will assign the License to its newly formed wholly owned subsidiary, ZeU Crypto Networks Inc. (“ZeU”) in consideration of 20,000,000 common shares of ZeU.

Related Party Transaction

The entering into of the License may be considered a “related party transaction” as set out in Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions (“MI 61-101”) as Dr. Wei Tek Tsai is a beneficial holder of securities carrying more than 10% of the voting right attached to all of SX’s voting securities. Accordingly, the License constituted to that extent a “related party transaction” under MI 61-101. The transaction is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of the License or of the consideration exceeds 25% of SX’s market capitalization. SX did not file a material change report more than 21 days before the entering into of the License as it wished to close on an expedited basis for sound business reasons and did not know when the transaction would be completed.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

RBC $RY.ca Report: #Crypto and #Blockchain Could Unlock $10 Trillion Market $IDK.ca #Blockstation #Bitcoin #Ethereum $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:27 AM on Thursday, January 4th, 2018
Jan 3, 2018 at 19:15 UTC
  • Research analyst at the Royal Bank of Canada (RBC) sees cryptocurrency, blockchain technology and decentralization as a potential $10 trillion ecosystem
  • Mitch Steves, an equities analyst with RBC’s Capital Markets subsidiary, laid out his bull case for why the future of transactional services will ultimately be decentralized
  • “While the cryptocurrency space has many risks, the opportunity appears vast with constant technology updates,” he wrote

In a new report released Wednesday, Mitch Steves, an equities analyst with RBC’s Capital Markets subsidiary, laid out his bull case for why the future of transactional services will ultimately be decentralized. “While the cryptocurrency space has many risks, the opportunity appears vast with constant technology updates,” he wrote.

Though startups that enable cryptocurrency protocols to serve as decentralized alternatives to proprietary services or as a means of transmitting remittances have garnered the most interest throughout the ecosystem’s formative years, Steves argues that the protocol layer (on which these services will be built) is where most of the value will be realized.

“We see that the protocol layer will capture more value than the applications,” he wrote, adding:

“As the application becomes successful, the protocol layer captures more value, which then creates more interest in additional decentralized application development.”

As such, the comments echo the fat protocol theory put forward by Union Square Ventures, which states value creation on decentralized cryptocurrencies will occur at the lower infrastructure layers.

The report also asserts that the market for cryptocurrency mining is here to stay, arguing that there currently exists an at least $4.2 billion market for bitcoin mining equipment with an additional $350-$450 million for other ASIC-mined cryptocurrencies like bitcoin cash and another $1.9 billion market for GPU-mined coins like ethereum and monero.

Notably, the report argues that decentralized technology in its current state is misunderstood and underrated, claiming that cryptocurrencies are becoming better able to handle an increasing number of transactions. In particular, Steves sees the Lightning Network as a tool to enable more than a million transactions per second on bitcoin.

Still, scalability, along with government intervention and the creation of more sophisticated wallet hacking techniques, was identified as one of the key risks facing the ecosystem.

Continued progress on these fronts, however, will be a boon for the development and mainstream adoption of a global supercomputer, whether it be ethereum-based or on an alternative, provided that blockchain’s impeccable security record remains spotless, Steves said.

“As scaling and protocols mature, the value of a decentralized world computer could potentially become a multi-trillion dollar industry,” Steves wrote, concluding: “If there’s one positive technology item we can agree on, it’s that the blockchain has never been hacked. What happens if we build on top of this secure layer?”

Source: https://www.coindesk.com/crypto-blockchain-create-10-trillion-market-rbc-analyst-says/

#Bitcoin or #Blockchain ? Bet That Both Will Thrive in 2018 $IDK.ca #Entherium #Blockstation $HIVE.ca $CODE.ca $BLOC.ca

Posted by AGORACOM-JC at 11:24 AM on Friday, December 29th, 2017
  • Bitcoin and blockchain are often pitted against each other, but I come from both worlds and believe that both are game-changers in their own right
  • Cryptocurrencies will continue to attract users as more folks learn about distortions in mainstream financial markets that just don’t make sense

Caitlin Long is the chairman and president of Symbiont, an enterprise blockchain platform. 

The following article, an exclusive contribution to CoinDesk’s 2017 in Review, outlines Long’s personal views and is not intended to provide investment advice.

Bitcoin and blockchain are often pitted against each other, but I come from both worlds and believe that both are game-changers in their own right.

I first learned about bitcoin in 2012 through liberty-oriented channels, which I’d discovered during a search for answers about the financial crisis in 2008. But I also took a deep dive into enterprise blockchain in 2014 while at Morgan Stanley, as a side interest to my day job of running its pension solutions business. In August 2016, I joined Symbiont full-time.

When I look ahead, I see 2018 as a year of maturity for both the bitcoin and enterprise blockchain parts of the space. Bitcoin will yet again prove its anti-fragility, more corporates will embrace it for payments, and the community will successfully resist its financialization. Enterprise blockchain will gain wider acceptance in production applications.

Bitcoin goes corporate

Bitcoin will increasingly be used for B2B foreign-exchange payments by multinational companies in 2018, as bid-offer spreads continue to tighten, daily liquidity consistently exceeds $5 billion and corporate new entrants gain comfort with liquidity providers (which enable corporates to use bitcoin for “cross-currency” transactions without touching the bitcoin itself–in other words, as an intermediary currency for foreign exchange in illiquid currencies).

Corporate bitcoin use will remain predominantly for payments in markets where banking systems are not well-developed. A tell-tale sign that corporate demand is sustainable would be this: when foreign exchange (FX) trading desks start making markets in bitcoin non-deliverable forwards (NDFs).

When that starts – possibly within the next 2 years – Jamie Dimon will admit his mistake and encourage corporate clients to route payments through JPMorgan’s foreign exchange desk, which will become one of the most active market-makers for cross-currency FX involving bitcoin.

Cryptocurrencies will continue to attract users as more folks learn about distortions in mainstream financial markets that just don’t make sense, such as this:  household net worth in the U.S. was $96.9 trillion, up $7.2 trillion in the year ending September 30, 2017 (according to the Fed’s latest Z.1 report).

This means the U.S. economy supposedly generated wealth at a rate equal to roughly 40% of its annual income (GDP), despite Americans consuming virtually all of their income and saving very little. Wow, that’s a miracle!

Remember this: all prices are fractions. Prices can go up either because numerators go up or because denominators go down (such as when central banks dilute fiat currencies). So…are financial markets climbing because we’re truly getting richer, or because of central bank-induced asset price inflation? Are quantity-constrained cryptocurrencies a safe-haven alternative? Time will tell, but I predict cryptocurrencies will broadly benefit as more folks come to understand what’s driving distortions in financial markets.

One of the “big 3” cross-currency central banks will announce in 2018 that it is preparing to issue its currency on a blockchain. The “big 3” are the “super-regional” central banks through which most “cross-currency” foreign exchange transactions settle, including the Fed, the Bank of England and the Bank of Japan. The Fed is behind the curve, but in 2018 either the BoE or the BoJ will step forward to allow tokenization of its currency to be executed by institutions in regulatory sandboxes. Corporate treasurers around the world will cheer at the prospect of same-day FX settlement through one (or two) of these “big-3” currencies because it will free up hundreds of billions of capital currently trapped on corporate balance sheets, due to payment system latency.

Yet for all bitcoin’s strengths, I believe advances in the enterprise blockchain will outpace those of bitcoin in 2018.

Let’s face it – enterprises are slower to move than the cryptoasset sector, which moves-fast-and-sometimes-breaks-things.

I believe 2018 will be the year in which a watershed event happens: an enterprise blockchain platform passes a CISO (chief information security officer) audit and is deployed inside the firewall of major financial institutions.

Enterprise goes live

Consensus 2018 will be “back to the suits.” Let’s face it: attire at industry’s biggest conference has been a pretty good barometer of what’s hot in the space. At the inaugural Consensus conference in 2015, bitcoin t-shirts dominated the audience. In 2016, business suits dominated as bankers discovered the space. In 2017, the dominant attire swung back to t-shirts, but this time for ethereum and ICOs. In 2018, I predict it will be “back to the suits” as enterprise blockchain accomplishments will again dominate the sector’s headlines, late-followers will scramble to catch up, and corporate treasurers will attend en masse.

The first institutional bond offering will be issued on a blockchain in the U.S. in 2018. Bond markets, not stock markets, will see the first U.S. institutional-level securities issued on a blockchain. Because the regulatory requirement to issue securities in “depository-eligible” (indirect) form does not apply to bond markets, the first institutional securities issued on a blockchain will be bonds – something I’ve predicted for years. In 2018, I believe it will finally happen. Yet, the coming clash between the federal securities laws that govern equities (which contemplate indirect ownership via the DTCC’s Cede & Co.) and state corporate laws (which contemplate that shares are owned directly by shareholders) will not happen yet in 2018.

No new blockchain consortiums will be formed in 2018. If 2017 were the year of forming new consortiums, 2018 will be the year of bilateral projects. Blockchains are networks and therefore suffer from the proverbial chicken and egg problem – consortium first and then project, or project first and then consortium? Consortiums now exist across a wide variety of industries, but – at least for now – more action is happening outside of consortiums than inside them.

Enterprise blockchain adoption will advance beyond incremental-type uses in production, such as sharing of data, to include transformational uses, such as custody of institutional financial assets that only ever exist on a blockchain. This will shine light on quality differences between platforms — and separate those that are decentralized and offer transformational benefits from those that don’t quite. A big gap will open in 2018 between the “haves” and “have-nots” in enterprise blockchain.

2018 will be a consolidation year as the sector matures. The sector came of age in 2017, as adoption broadened in both bitcoin and blockchain. In 2018, both will strengthen and deepen further. And property owners the world round will rejoice.

Disclosure: Caitlin owns cryptocurrency (bitcoin, almost exclusively) and has equity investments in Symbiont, Overstock.com and Payward, the parent company of Kraken.

Source: https://www.coindesk.com/bitcoin-blockchain-bet-will-thrive-2018/

betterU $BTRU to Launch an Education #Blockchain Ecosystem Project as Part of the Corporation’s 2018 Growth Strategies $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 11:27 AM on Wednesday, December 27th, 2017

Betteru large

  • Developed a strategy that will pioneer the advancement of an education blockchain ecosystem starting early 2018, linking to the Corporation’s global education marketplace for emerging markets
  • betterU’s vision has been to equalize education for emerging markets such as India by providing access to the top global educators and institutions, supporting opportunities from education to employment

OTTAWA, Ontario, Dec. 27, 2017- betterU Education Corp. (TSX-V:BTRU) (FRANKFURT:5OGA), (the “Corporation” or “betterU”), is pleased to announce that it has developed a strategy that will pioneer the advancement of an education blockchain ecosystem starting early 2018, linking to the Corporation’s global education marketplace for emerging markets.

The development of the strategy comes after months of research and the further understanding of the advancement that blockchain technology can provide to the education industry. betterU’s vision has been to equalize education for emerging markets such as India by providing access to the top global educators and institutions, supporting opportunities from education to employment. The following article, written by the CEO of betterU provides insights into the potential that blockchain can provide for the advancement of global opportunities. These insights form the thinking around betterU’s strategies for the advancements of their education blockchain ecosystem.

Article: Thinking Through an Education Blockchain Ecosystem
https://www.linkedin.com/pulse/thinking-through-education-blockchain-ecosystem-brad-loiselle/

The equalization of education isn’t just about being able to provide access to the same education to everyone everywhere, it’s also about being able to rationalize that everyone should have the same opportunities despite where they received their education or where they reside. The acceptance and validation of their credentials on a global scale is a requirement for equalization. “Blockchain enables transparency and with the involvement of globally trusted partners, we will be able to help advance the credibility and validation for all individuals, taking us that much closer to achieving our vision,” said Brad Loiselle, President and CEO of betterU.

About betterU

betterU, a global education marketplace, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company’s vision is to help foster the equalization of education for all by bridging the prevailing gap in the education and job industry and enhance the lives of its learners by developing an integrated education-to-employment ecosystem. betterU’s offerings can be categorized into several broad functions: to compliment school programs with flexible KG-12 programs preparing children for next stage of education, to provide access to global educational opportunities from leading educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.

www.betterU.ca and www.betterU.in

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this release are forward-looking statements, which include completion of the proposed Investment, the anticipated use of the proceeds of the Investment, the development and expansion of betterU’s operations, and other matters. There can be no assurance that the Investment will be completed as proposed or at all. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of betterU’s products, and other factors, many of which are beyond the control of betterU. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, betterU disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, betterU undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. Further information on betterU’s public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.

For further information, please visit  http://www.betteru.ca/investor-overview/

Brad Loiselle
President and CEO
1-613-695-4100 Ext. 233
Email: ir@betteru.ca

Investor contact:

Gurinder Sandhu
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca