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ThreeD Capital Inc. $IDK.ca – #Davos Report: Over 40 central banks worldwide are experimenting with #blockchain technology $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:00 PM on Sunday, April 7th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

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Davos Report: Over 40 central banks worldwide are experimenting with blockchain technology

  • Several central banks are looking into experimenting with cryptocurrencies
  • The degree of blockchain technology research and experimentation varies greatly among central banks, as do the motivations for interest.
  • The central banks use permissioned blockchain network to create their CBDCs

Rajarshi Mitra FXStreet

As per a new report by the World Economic Forum, over 40 central banks around the world are experimenting with blockchain technology. Ashley Lannquist, a project lead in blockchain and distributed ledger technology at the World Economic Forum and the primary author of the report, believes that “It’s very much the case that several central banks are looking at this [experimenting with cryptocurrencies].”

The report states that the degree of this experimentation varies greatly among banks:

“The degree of blockchain technology research and experimentation varies greatly among central banks, as do the motivations for interest. Some central banks are progressive, having begun research and experimentation as early as 2014 and having conducted multiple pilots or even deployments. Another set of institutions is curious and interested in the technology but largely monitors activity by peer institutions and within the private sector, including cryptocurrency investing activity. A final set has not yet dedicated resources to blockchain technology research and may never do so, either because of pressing priorities or the view that DLT at this stage does not promise sufficient upside when considering technological immaturity and risks.”

The report states how these central banks implement their CBDC pilots:

“In many of these CBDC pilots, the central bank issues digital tokens on a distributed ledger that represent, and are redeemable for, central bank reserves in the domestic currency held in a separate account with the central bank. The agents in the system use the CBDC to make interbank transfers that are validated and settled on the distributed ledger.”

The central banks prefer permissioned blockchain networks to create their CBDCs:

“The central banks typically use “permissioned” blockchain network implementations, whereby participants are limited and must be granted access to participate in the network and view the set of transactions. 

The central bank chooses, according to suitability and availability, the type of network and its internal mechanisms (most importantly, the decentralized consensus mechanism the network uses for participants to reach agreement on valid transactions). R3’s Corda, the Linux Foundation’s Hyperledger Fabric, J.P. Morgan’s Quorum, or a simple private configuration of the Ethereum blockchain network are the most popular implementations used by central banks.”

Source: https://www.fxstreet.com/cryptocurrencies/news/davos-report-over-40-central-banks-worldwide-are-experimenting-with-blockchain-technology-201904050249

ThreeD Capital Inc. $IDK.ca – #Blockchain Spending in 2019 to Grow to $2.9 Billion, 88.7% Growth Since 2018 $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:00 AM on Friday, March 29th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

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Blockchain Spending in 2019 to Grow to $2.9 Billion, 88.7% Growth Since 2018

  • The amount spent on blockchain technology by businesses seeking to utilise the trust-enhancing features of distributed ledgers is expected to grow to $2.9 million in 2019
  • This would represent a growth of 88.7% over the $1.5 billion spent on the technology during 2018

By: Rick D.

The amount spent on blockchain technology by businesses seeking to utilise the trust-enhancing features of distributed ledgers is expected to grow to $2.9 million in 2019. This would represent a growth of 88.7% over the $1.5 billion spent on the technology during 2018.

The reported figures come from the International Data Corporation (IDC) who recently updated its “Worldwide Semiannual Blockchain Spending Guide.” According to a representative for the IDC, the tech has moved out of the design phase and into actual use and this shift will drive a lot of the expected spending through the next ten months.

New Industries Finding New Ways to Use Blockchain

The IDC report states that the financial sector will continue to account for the lion’s share of the spending on blockchain technology during 2019. The estimated figure here is $1.1 billion. This will come from a variety of interests, including: banking, securities and investment services, and insurers.

Another notable sector expected to be a part of the group of biggest blockchain spenders is that of manufacturing and resources. These industries will reportedly account for $653 million combined. They are also expected to see the largest growth in spending over the entire five year period with a CAGR of 77.6%.

Coming close behind manufacturing and resources is the distribution and services industries. Firms doing business in these industries  are expected to spend $642 billion on exploring and implementing blockchain technology during 2019.

Blockchain technology is being explored by a range of industries.

According to IDC vice president of the Customer Insights and Analysis programme, Jessica Goepfert, the technology is still very much in its infancy and businesses are still at the phase of explosive innovation when it comes to its implications:

“The use cases that comprise the blockchain opportunity are developing as swiftly as the technologies enabling it. While spending for more developed use cases in the financial sector like trade finance and cross-border payments is still healthy and growing strong, relative to six months ago we’ve seen an acceleration in spending across a variety of other areas, such as energy settlements and warranty claims.”

As part of the report, documenting the five year period between 2018 and 2022, the IDC states that it expects the total spent on blockchain to reach $12.4 billion by the final year of the sample.

A director of research at Worldwide Blockchain Strategies, James Webster, commented on the projected growth in spending on blockchain:

“Blockchain is maturing rapidly, and we have reached an inflection point where implementations are moving quickly beyond the pilot and proof of concept phase.”

According to Webster, the figures gathered by the IDC reports will give crucial insight into over the technology is being adopted by different industries and where it is having the largest impact.

Source: https://www.newsbtc.com/2019/03/04/blockchain-spending-2019-grow/

ThreeD Capital Inc. $IDK.ca – #Blockchain Adoption Keeps Booming: China’s Alibaba $BABA Serious Partnership To Promote Blockchain Development $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:00 PM on Sunday, March 24th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

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Blockchain Adoption Keeps Booming: China’s Alibaba Serious Partnership To Promote Blockchain Development

  • Chinese internet conglomerate Alibaba has signed a strategic with software development company Aerospace Information Co. to collaborate and leverage their expertise in cloud computing, smart industries, blockchain and more.

By Abhimanyu Krishnan

The 2 parties will be cooperating in several different ways.

China’s Securities Daily publication notes how the two will work on such things as taxes and finances for Small and Medium Enterprises (SMEs), and government integration for innovative solutions for authorities:

In the field of fiscal and taxation, the two sides will expand the application scenarios and explore and develop innovative products for SMEs. In the field of government affairs, we explore the integration and innovation of government solutions around the “Internet + government services”. In the field of blockchain, we will jointly provide cloud solutions to promote the development of the blockchain industry. In the field of enterprise market services, we will coordinate the implementation of credit reporting services and smart mobile office services.

It’s clear that both companies are focused on the long-term development of blockchain and its applications in a a variety of industries.

Alibaba previously announced its intentions to use its cloud services for blockchain technology. 

The internet giant has an Alibaba Cloud Blockchain-as-a-Service (BaaS) service which lets businesses build their own blockchain-based platforms and manage deployment, maintenance and operation conveniently. The service is based on Hyperledger Fabric.

The company has also made several other moves to promote blockchain technology, financing a variety show in which the use cases of blockchain technology were showcased.

China is very keen on digitizing its economy and building the smart cities of the future. The VeChain project has been associated with the Chinese nation to help in achieving this goal. Waltonchain has also partnered with Chinese entities with the intention of using blockchain technology to develop cleaner cities.

The world’s most populous nation is certainly attempting to grow blockchain development, although it is also cracking down on ICOs and STOs.

Source: https://www.investinblockchain.com/china-alibaba-serious-partnership-promote-blockchain-development/

ThreeD Capital Inc. $IDK.ca – Gold-Backed Cryptocurrency Is Almost Here $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:22 AM on Tuesday, March 12th, 2019

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

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Gold-Backed Cryptocurrency Is Almost Here

  • Investors will soon be able to buy gold and stocks in the form of cryptocurrency, the same way they might buy Bitcoin.
  • Paxos, a New York-based firm that already offers a dollar-backed cryptocurrency (known as a stablecoin) as well as Bitcoin trading services, plans to introduce digital tokens backed by precious metals and publicly traded stocks sometime in 2019.

The company launched its stablecoin, Paxos Standard, six months ago by tying cash reserves to a blockchain—a digital ledger of transactions that is the backbone of any cryptocurrency. Now, it wants to take “any type of asset and put it into a blockchain,” Paxos CEO Chad Cascarilla told Fortune’s “Balancing the Ledger.” The goal is to move assets and settle transactions more quickly and securely and with lower fees, he added.

In order to make it work, Paxos has to ensure that it holds the same amount of inventory—whether that’s dollars, precious metals, or stocks—in the “real world” as are registered on the blockchain. “How you do it with a gold token is how much gold you have in a vault equals how many gold tokens outstanding,” Cascarilla explained. “How do you do it with stocks? How many stocks do I have sitting in an account, equals how many stocks in the blockchain.”

Closest to reality is likely the tokenization of stock market equities and bonds, assets which Paxos has already successfully tested in blockchain transactions, Cascarilla said. “We’re getting pretty close, and I think we’ll see it in 2019.”

Cascarilla believes Paxos is the only cryptocurrency company with an account at the Depository Trust Company, which holds the vast majority of U.S. stocks and bonds, positioning the firm to potentially become the first to bring stock trading to the blockchain. Still, Paxos, which was the first virtual currency company to be licensed in New York, needs additional approval from the U.S. Securities and Exchange Commission before it can roll out cryptocurrencies tied to more traditional securities. It’s currently awaiting that approval—something the lengthy government shutdown did not help speed along.

Putting commodities on the blockchain is also underway, and “gold is probably the most obvious,” Cascarilla said, adding that it would be introduced “definitely this year.”

Tokenizing precious metals opens up new possibilities that are currently physically difficult—such as dividing up a gold bar into smaller denominations, transporting heavy quantities more easily, or lending the assets out more efficiently, Cascarilla explained. “Having it sit in a vault but also having it be on a blockchain kind of bridges those two worlds,” he said.

Source: http://fortune.com/2019/03/11/gold-cryptocurrency-stocks-blockchain/

Polymath and #KABN Announce Consortium to Accelerate the Creation, Distribution, and Management of Digital Securities Across Multiple Jurisdictions and Platforms $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 8:58 AM on Tuesday, March 12th, 2019
  • Polymath formed a consortium in close collaboration with KABN (www.kabn.network),
  • Polymath is leading the effort to make it easier for organizations to create digital securities from traditional assets through partnerships and a community that supports a transparent and compliant process for issuers and investors

TORONTO & SAINT MICHAEL, Barbados & GIBRALTAR — Polymath (www.polymath.network), the global leader in software solutions that enable assets to be digitized, distributed, fractionally owned, and ultimately liquidated, has formed a consortium in close collaboration with KABN (www.kabn.network), a global financial services platform that has developed, among its suite of products, a patent pending, blockchain based, GDPR compliant, Always On, global identification and accreditation as a support service for investors and other types of contributors.

Polymath is leading the effort to make it easier for organizations to create digital securities from traditional assets through partnerships and a community that supports a transparent and compliant process for issuers and investors. Through its extensive service provider network with firms like KABN, Polymath provides security token issuers with access to top quality service providers.

“Our solution supports the creation of digital securities from a wide range of traditional and non-traditional assets,” said Kevin North, CEO of Polymath. “The intention of this partnership is to create a best practice model for customers who need help with the full lifecycle of an STO (Security Token Offering). In this model, the issuer would work with an integrated network of providers who are committed to ensuring that offerings are compliant with securities laws, rules, and regulations across multiple jurisdictions and trading platforms, increasing the value proposition by reducing the distance and friction between investors and issuers. To date, the full STO path is not clear for most of our issuers, so we formed this partnership with the intention of making this a less daunting journey.”

KABN will also be the first organization to launch its digital securities offering using this process. More information about the KABN Security Token Offering can be found at: www.KABNtoken.com

“Working with Polymath, KABN supports the compliance requirements for digital securities with its Always On solution providing a faster, better and more economical solution for issuers and investors to validate and verify identity, KYC and AML, and manage liquidity programs,” said Ben Kessler, CEO of KABN. “KABN is also the first company to tokenize its company assets and create digital securities with this process, proving the model and paving the way for others to do the same in a manner that meets jurisdictional securities rules and regulations and supports a value proposition for stakeholders, the Blockchain community, issuers and investors.”

Polymath and KABN are receiving overwhelming support from the capital markets and blockchain communities as it introduces the framework to program partners to advance the creation of digital securities and make it easier for issuers and investors to interact through decentralized platforms globally.

Together with Pegasus Fintech (Gibraltar) Limited, a consultant organization, a consortium of Professional Service providers, Broker Dealers, Blockchain Developers, Exchanges, Authorized Agents and other Solution Providers have committed to supporting this process and the KABN Token offering. The initial parties committing their support to this growing consortium include:

Tokenise.io (UK)Global Blockchain Network (US)
MLG Blockchain (Canada)Evoke Capital (Canada)
Hyperion Technologies (US)Secure Digital Markets (Canada)
Hassans (Gibraltar)Digital Assets Management (Gibraltar)
Crypto SA (Australia)KABN (Gibraltar)
Ten Capital (US)Polymath (Canada/Barbados)
Razlin Capital (UK)

About Polymath (www.polymath.network)

Polymath Network (Polymath) is a decentralized platform that makes it easy to create security tokens. The platform simplifies the complex technical challenges of creating a security token and aims to bring the multi-trillion dollar financial securities market to the blockchain.

About KABN (www.kabn.network)

KABN, a integrated financial service platform offering neo banking type solutions, has received approval by Visa to launch its crypto-linked card and banking wallet program. KABN has partnered with Transact Payments Ltd, a European e-money institution and Principal Member of Visa, global processor GPS and platform technology provider Panovate to launch the program in the UK and subsequently the EEA in the 2nd quarter of the year.

Branded the Pegasus Flyte Visa card, the KABN card program offers an “on/off ramp” conversion process for a variety of cryptocurrencies to fiat together with multi-currency fiat transactions. Cardholders will be able to use their Pegasus Flyte Visa cards to spend in-store, online, and at ATMs wherever Visa is accepted globally.

The Pegasus Flyte program will also offer a robust loyalty and customer engagement platform. The anchor of the program is KABN ID, a Blockchain and biometrically-based, “Always On” validation and verification process. This patent-pending, GDPR compliant process allows for efficient and frictionless customer acquisition and onboarding.

About Pegasus Fintech (www.pegasusfintech.com)

Pegasus Fintech is a full-service Blockchain, technology and accelerator growth advisory that supports regulatory compliant programs and offerings.

Forward-Looking Statements: Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as “may”, “will”, “to”, “plan”, “expect”, “believe”, “anticipate”, “intend”, “could”, “would”, “estimate”, or “continue”, or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Contacts

For more information:
Polymath
RJ Reiser, CGO
[email protected]

KABN
Ben Kessler, CEO
[email protected]