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#Blockchain can be new economic pillar $SX $SX.ca $SXOOF $AAO.ca $HQP.ca #Blockstation

Posted by AGORACOM-JC at 11:34 AM on Monday, April 9th, 2018

  • Bermuda is placing the emphasis on quality over quantity when it comes to attracting business opportunities in the blockchain and digital currency sector
  • If it gets things right the advantages will likely include adding a new pillar to the economy that can generate revenue to help reduce the island’s $2.5 billion public debt, together with the creation of jobs, education opportunities

Scott Neil, Assistant Business Editor

Apr 9, 2018 at 8:00 am

Bermuda is placing the emphasis on quality over quantity when it comes to attracting business opportunities in the blockchain and digital currency sector.

If it gets things right the advantages will likely include adding a new pillar to the economy that can generate revenue to help reduce the island’s $2.5 billion public debt, together with the creation of jobs, education opportunities and increasing Bermuda’s reputation in global markets.

Those were points highlighted by Chris Garrod in a presentation on the topic to the Bermuda Chamber of Commerce.

Mr Garrod, who is a partner at Conyers, Dill & Pearman, is involved in the blockchain and insurtech space. He played a role in the Bermuda launch of blockchain-based tokens Unikrn and iCash during the past seven months. In addition, he is on both working groups that form the Government of Bermuda’s Blockchain Task Force, announced in November. The task force’s aim is to advance the development of blockchain technology in Bermuda.

Mr Garrod said Bermuda is seeking to be the world leader in blockchain, not merely the offshore blockchain leader. He acknowledged that there is stiff competition from the likes of Singapore, Switzerland, Gibraltar, British Virgin Islands and Cayman Islands.

He noted that Cayman has been “progressing the most” among competing jurisdictions, and said: “Most of the queries I am getting from clients are saying ‘We’re trying to decide between Bermuda and Cayman’. They like Bermuda because we have a new, young, tech-savvy Premier and a new government. They are Googling Bermuda to see if it is moving into this space.”

Mr Garrod believes blockchain will be the next internet, and said that will become apparent over time. Using an analogy, he said in terms of development blockchain is today at the same stage as the “dot-com era” of the internet, when the likes of the now defunct Netscape Navigator web browser ruled the roost.

He said with blockchain “there will be failures, like Netscape and Pets.com, but you will have survivors like eBay and Amazon”.

Mr Garrod explained there were financial and non-financial uses for blockchain. Describing non-financial uses of the technology, where no regulation is required, he mentioned a proposal to update land registry details on blockchain, an aim aired by David Burt, the Premier, during a discussion linked to the World Economic Forum in Davos, Switzerland, in January.

Other potential uses for non-financial blockchains are in the healthcare sector, where patient information could be speedily transferred and accessed between hospitals and institutions.

Mr Garrod pointed to the transport and shipping arena. He said Maersk, the world’s largest shipping company, has its own private blockchain allowing it to securely monitor movements of its cargo and goods. He also mentioned self-executing smart contracts, such as insurance policies that are automatically triggered when a specific circumstance occurs, such as a delayed flight resulting in a travel insurance payout.

In addition, Mr Garrod said: “Fifteen per cent of financial institutions are now using some form of blockchain.”

Financial uses of blockchain include utility tokens that are issued to fund a business and provide associated benefits, cryptocurrencies such as bitcoin and altcoin, which are bought as investments and are traded on exchanges, and security tokens that have attributes of both utility tokens and cryptocurrencies.

Mr Garrod said the next steps for Bermuda regarding its digital ledger technology and blockchain ambitions include amendments of the Companies Act, and the development of a code of conduct with anti-money laundering, and know-your-customer requirements. Further steps include the creation of a Virtual Currency Business Act.

Mr Garrod said: “Will our regulations be perfect to begin with? No. It is a fast-moving space.” However, he pointed out that Bermuda had successfully improved and streamlined its initial regulations for other sectors, such as insurance and reinsurance, in the past.

He added that the code of practice for the Virtual Currency Business Act, which is being finalised, will have stringent AML requirements, while the code of conduct for the ICO [initial coin offering] legislation is also in the works.

“The emphasis is still quality over quantity, which is what Bermuda has always tried to emphasise,” said Mr Garrod. “We have always taken that approach, whether it was our funds industry or our insurance industry, and that is going to be the same approach with this brand new industry — blockchain. We only want the best; the quality business.”

Source: http://mobile.royalgazette.com/international-business/article/20180409/blockchain-can-be-new-economic-pillar&template=mobileart

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Posted in All Recent Posts, Augusta Industries, Blockchain stocks, Canadian Blockchain Stocks, HPQ-Silicon Resources Inc., Smallcap Blockchain stocks, St Georges Eco-Mining Technologies | Comments Off on #Blockchain can be new economic pillar $SX $SX.ca $SXOOF $AAO.ca $HQP.ca #Blockstation

The Problems With #Bitcoin And The Future Of #Blockchain $SX $SX.ca $SXOOF $IDK.ca $AAO.ca

Posted by AGORACOM-JC at 11:10 AM on Thursday, March 29th, 2018

Saeed Elnaj , Forbes Councils

The author Henry Miller once said, “Confusion is a word we have invented for an order which is not understood.” And confusion seems to run rampant in many articles that criticise of blockchain, while the real problem is with Bitcoin and cryptocurrencies.

There are key differences between Bitcoin and blockchain. Blockchain is a digitized, distributed and secure ledger that guarantees immutable transactions and solves the trust problem when two parties exchange value. Cryptocurrencies like Bitcoin rely on blockchain to conduct transactions. Yet blockchain transcends cryptocurrencies and offers many solutions that are likely to disrupt numerous industries with some profound implications.

In a simple metaphoric comparison, blockchain is like an engine that can be used in airplanes, vehicles, elevators, escalators, washers and dryers. Bitcoin, meanwhile, is like the first Ford Model T that was manufactured in 1908. This fundamental difference helps in understanding the polymorphic value of blockchain and the problems with bitcoin and most cryptocurrencies.

One area of confusion about blockchain is the perceived negative environmental negative impact, but this is a problem specific to bitcoin and some other cryptocurrencies. It is caused by the limitations of the decade-old design of bitcoin and due to Bitcoin’s mining process that requires a “proof of work” to validate transactions. Proof of work is a mathematical algorithm that is essential to validate transactions in the Bitcoin blockchain and consumes huge computational power and energy close to what Denmark consumes annually. Other cryptocurrencies operate differently. Ether, for example, uses the proof-of-stake concept, which is energy efficient, while the cryptocurrency ripple does not require mining.

Another misconstrued problem is blockchain’s slow performance, which is, again, a Bitcoin issue. Bitcoin’s network requires an average of 10 minutes to create a block, and it’s estimated that it can only manage seven transactions per second (TPS). Ethereum does better (20 TPS), and the IBM blockchain (1,000 TPS) and Ripple (1,500 TPS) are even more impressive.

There’s also discussion about the inability of financial institutions to adopt the blockchain technology, which is an issue with the financial institutions — not the technology.

But what is interesting is that there are additional and bigger problems specifically with regard to Bitcoin.

First, Bitcoin has a limited number of “coins” that amounts to 21 million BTCs when all the coins are mined by the year 2140. It’s likely that way before then, Bitcoin mining will not be profitable due to the high energy cost and expensive hardware needed for mining. The Bitcoin transaction fees will not be sufficient to keep the network going either. There are many theories in terms what might happen when mining stops, but the likely scenario could be that Bitcoin will not have the computing power needed to assure transactions, grinding the network to a halt. The question then, is, what will happen to the value of Bitcoin?

Source: https://www.forbes.com/sites/forbestechcouncil/2018/03/29/the-problems-with-bitcoin-and-the-future-of-blockchain/#3695222868dc

 

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Posted in All Recent Posts, Bitcoin, Blockstation, Canadian Blockchain Stocks, Smallcap Blockchain stocks, St Georges Eco-Mining Technologies, ThreeD Capital | Comments Off on The Problems With #Bitcoin And The Future Of #Blockchain $SX $SX.ca $SXOOF $IDK.ca $AAO.ca

St-Georges $SX SX.ca $SXOOF Retains Gravitas Securities Inc. as Strategic Financial Advisors #ZeU

Posted by AGORACOM-JC at 9:02 AM on Tuesday, March 20th, 2018

Sx large

  • Retained services of Gravitas Securities Inc. to act as financial advisors to St-Georges and its related entities
  • Gravitas will be tasked with assisting ZeU Crypto Networks Inc.
  • Currently in the process of acquiring all the intellectual properties of Tiande, a developer of permission-based blockchain protocol with BigData connectivity

Montreal / March 20, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has retained the services of Gravitas Securities Inc. to act as financial advisors to St-Georges and its related entities.

Gravitas will be tasked with assisting ZeU Crypto Networks Inc., St-Georges wholly-owned subsidiary, which is currently in the process of acquiring all the intellectual properties of Tiande, a developer of permission-based blockchain protocol with BigData connectivity. Gravitas will provide a number of services to ZeU including providing capital markets intelligence & guidance, financial & operational analysis of the company, and recommendations on capital requirements and strategic business decisions.

“With its contingent of Sino-Canadian personnel able to review our technology and business legal documentation in mandarin and the positive approach of the firm toward disruptive blockchain technologies, Gravitas is an excellent match for us. Their involvement should help us accelerate our financing effort with other securities firms and institutional investors. We also welcome their expertise to assist us for any corporate actions that might be undertaken in the coming months by the company” commented ZeU President Frank Dumas.

About Gravitas

Gravitas Securities is a leading wealth management and capital markets firm comprised of tactical individuals known for their sophisticated sector expertise, commitment to excellence, and a global platform committed to integration and innovation. Gravitas provides a wide range of investment services for retail and corporate clients globally with offices in Toronto and Vancouver, and is represented in the United States through its FINRA representative, Gravitas Capital International, in New York.

Gravitas Securities Inc. is a member of IIROC and CIPF.

ZeU Crypto Networks welcomes Lord Razzall as a director of the corporation

ZeU is pleased to welcome Lord Edward Timothy Razzall on its board of directors. Lord Razzall is a member of the British Parliament’ House of Lords and a Commander of the British Empire (CBE). Baron Razzall has been co-chair of the Liberal Democrat Parliamentary Committee on Business, Innovation and Science. He has over 35 years’ corporate finance experience and has developed a reputation for his expertise in multinational and cross border transactions. He was until recently the Liberal Democrat spokesman on Trade and industry and he’s now the Lords spokesman for manufacturing. He is currently Co-Chair of the Liberal Democrat Parliamentary Party Committee on Business, Innovation and Skills. Lord Razzall studied at Oxford University and qualified as a solicitor in 1969. ZeU expect to leverage Tim’s experience and interest in regulations, governance, monetary policies, intellectual property and corporate finance to its advantage.

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.

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Posted in Bitcoin, Blockchain stocks, Blockstation, Canadian Blockchain Stocks, Featured, Smallcap Blockchain stocks, St Georges Eco-Mining Technologies | Comments Off on St-Georges $SX SX.ca $SXOOF Retains Gravitas Securities Inc. as Strategic Financial Advisors #ZeU

US Congress Releases Extraordinary Report Praising #Cryptocurrency and #Blockchain Technology $SX.ca $SX $SXOOF $AAO #ZeU

Posted by AGORACOM-JC at 5:12 PM on Monday, March 19th, 2018

  • US Congress just released its massive joint report on the state of the economy
  • Entire chapter dedicated to cryptocurrency
  • Even more extraordinary are the number of bullish sentiments on the future of the emerging technology

Here’s a look at some of the most interesting aspects of the new report:

Blockchain Looks Like the New Internet

“The buzz surrounding digital currencies resembles the internet excitement in the late 1990s when people recognized technology companies could change the world. Many internet companies launched and their valuations took off in short order. Many failed, but a few succeeded spectacularly and challenged the conventional ways of doing business.”

Cryptocurrencies Could Outshine Government Fiat

“Some critics of currencies controlled by government fiat welcome cryptocurrencies because their supply is preprogrammed and perceived as unchangeable. For example, only 21 million bitcoins will ever be issued and the last fraction of a bitcoin will be issued in approximately 2140. Additionally, the creator of Ethereum designed its mining reward to decline exponentially as more miners create blocks, and according to his calculations the supply will be just over 100 million ether.”

Blockchain Is Secure and Efficient

“Cryptocurrencies and ICOs create headlines, and the pace of financial innovation in the blockchain space amazes skeptics. Yet, with all the headlines focusing on the financial applications, people may miss the digital revolution now happening with other blockchain applications. Even worse, people could be frightened about new developments with the technology as they associate blockchains with the negative headlines. Blockchain technology offers a decentralized, secure, and efficient way to store almost any form of data across multiple platforms.”

Blockchain May Transform Many Industries

“Developers, companies, and governments recognize the potential and have already starting to implement blockchains for many different uses. For instance, health care providers, patients, and policymakers continue searching for portable and secure ways to store medical records digitally.

From applications ranging from management of the electrical grid and utilities to how companies manage global supply chains, the potential for blockchain is truly revolutionary. For example, power plants could record the electricity they generate on a blockchain as available for purchase. Utilities could then purchase the power, and the blockchain would record the purchase and the transfer. Finally, the meters of end users would communicate with the utility to purchase portions of the power. These steps occur now but using a distributed ledger would streamline and speed up delivery, lowering costs and saving power.

Blockchains could also enable microgrids from local power sources. The company LO3 Energy currently runs a pilot program for trading power from solar panels on Brooklyn roofs. Smart meters throughout the neighborhood would buy and sell power generated from these alternative sources as it enters the grid. With these developments and countless possibilities, it is no surprise that governments around the world started working with energy providers to explore blockchain’s use. Even the Department of Energy partnered with BlockCypher to demonstrate how blockchains could facilitate a smarter energy grid.

Shipping a product from a supplier to retail creates mountains of paperwork or computer records that are rarely compatible across differing systems, especially a when distributor acts as a middleman between the two. The paperwork and data tracking multiplies when sending said product overseas or importing. Not only will multiple parties need to ship the product, but the supplier and customer will have to deal with customs agency paper work. Recognizing blockchain’s potential, IBM teamed up with the 214 world’s largest shipping company, Maersk, to develop a consensus distributed ledger that would allow all companies and government agencies along the chain to record, track, and verify products throughout their journey.

Walmart and other grocers started testing blockchains for their supply chains. In testimony before the House Science and Technology Committee, Frank Yiannas, Walmart’s Vice President of Food Safety, described how tracking E. coli and other contaminated food took companies and regulators weeks, which left Americans at risk and incurring large costs in food waste. Walmart tested a blockchain platform to track sliced mangos from farm to shelves and reduced the tracking time from 7 days to 2.2 seconds. Walmart and ten of the largest grocers in America formed a coalition to implement this technology throughout their supply chains.”

The Conclusion

“Technology presents evolving challenges and generates new solutions. Blockchain technology essentially stores and transmits data securely, in large volume, and at high speeds. So far, the technology has proved largely resistant to hacking, and given this feature, developers first applied it to digital currencies. Yet blockchain has many more potential applications, such as portable medical records and securing the critical financial and energy infrastructure that the Report identified.”

Overall Recommendations from the Report:

  • Policymakers and the public should become more familiar with digital currencies and other uses of blockchain technology, which have a wide range of applications in the future.
  • Regulators should continue to coordinate among each other to guarantee coherent policy frameworks, definitions, and jurisdiction.
  • Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new blockchain technologies quickly and in a manner that protects Americans from fraud, theft, and abuse, while ensuring compliance with relevant regulations.
  • Government agencies at all levels should consider and examine new uses for this technology that could make the government more efficient in performing its functions.

The Negatives

Of course, the report issues a number of cautions as well, including the risks involved in investing in Initial Coin Offerings and the volatile world of crypto.

“At this point, many prominent economists do not believe cryptocurrencies fit the standard definition of money. Former Federal Reserve Chair Janet Yellen considered Bitcoin a “highly speculative asset” that is not considered legal tender. Bitcoin itself has technical and economic limitations that hinder its use as a medium of exchange. Transaction processing time and fees on the Bitcoin network keep increasing and render Bitcoin uneconomical for common purchases.

Extreme volatility in the dollar price of cryptocurrencies also impairs their use as money because people price goods and services in dollars and thus their purchasing power fluctuates wildly.”

You can check out the full report here.

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The Future Of #Cryptocurrencies And #Blockchain Take Center Stage At #southsouthwest 2018 $SX $SX.ca $SXOOF $IDK.ca

Posted by AGORACOM-JC at 11:40 AM on Monday, March 19th, 2018
  • Cryptocurrency and blockchain technology took center stage at South By Southwest this year
  • Conference organizers publically announced at the end of last year that a “new addition” for the 2018 SXSW lineup would include a series of sessions on blockchain, the technology that powers cryptocurrencies like Bitcoin
  • Venues with names like “Initial Taco Offering” and “The Blokhaus” lined the streets of downtown Austin, hosting events daily with well-known individuals in the cryptocurrency and blockchain space

Rachel Wolfson , Contributor

I write about crypto, women in crypto and blockchain technology.

Not surprisingly, cryptocurrency and blockchain technology took center stage at South By Southwest (SXSW) this year. The conference organizers publically announced at the end of last year that a “new addition” for the 2018 SXSW lineup would include a series of sessions on blockchain, the technology that powers cryptocurrencies like Bitcoin.

Venues with names like “Initial Taco Offering” and “The Blokhaus” lined the streets of downtown Austin, hosting events daily with well-known individuals in the cryptocurrency and blockchain space.

Kicking Off SXSW With Ethereum Co-Founder, Joseph Lubin

On Friday of last week, the SXSW festival kicked off with a panel entitled, “Why Ethereum is Going to Change The World,” featuring Ethereum co-founder, Joseph Lubin. During the session, Lubin explained how he became interested in blockchain technology and his involvement in the Ethereum Project. He also revealed his plans for his blockchain software technology company, ConsenSys.

AUSTIN, TX – MARCH 09: Laura Shin and Joseph Lubin speak onstage at Why Etherium is Going to Change the World during SXSW at Austin Convention Center on March 9, 2018 in Austin, Texas. (Photo by Mike Jordan/Getty Images for SXSW)

 

Lubin explained that when Bitcoin was first invented by Satoshi Nakamoto in 2009, two other creations followed. First and foremost, Bitcoin led to the creation of blockchain technology, described by Lubin as, “a trustworthy database system, which is a shared infrastructure consisting of trusted actors.” And Blockchain technology, eventually led to what Lubin refers to as, “crypto economics,” which has made it possible to create more things based on blockchain technology.

Crypto economics is a way of doing incentivized mechanism design to enable many actors to contribute their resources to validating transactions and securing that network,” Lubin said. “This is the first time in history where we’ve seen a money system built in a fully decentralized way that is essentially of the people, by the people, and for the people.

Following the creation of Bitcoin and the rise of blockchain technology, Lubin explained that Ethereum was created by Vitalik Buterin in 2013 as a vision for a system that is scalable in terms of human action and as a general platform for decentralized applications. Lubin got involved with Ethereum due to its many use cases, which he mentioned can be applied to various industries including the health sector, supply chain management and even content creation.

The many ways in which Ethereum can be used has led Lubin to create a content platform on the Ethereum network, called Ujo Music. In a nutshell, the Ujo platform allows artists to register themselves as individuals and upload their content to the network with usage policies attached to that content – without having to go through any third party.

“The beauty of this in contrast to the existing music industry is that it shrinks the role of the intermediary. Intermediaries in the music industry, for example, usually extract 70-80% of value flow in the industry and delay payments for artists. Our platform allows consumers to support artists instantly and ensures that artists get paid immediately for their work,” Lubin said during the panel.”

READ FULL ARTICLE HERE: https://www.forbes.com/sites/rachelwolfson/2018/03/18/the-future-of-cryptocurrencies-and-blockchain-take-center-stage-at-south-by-southwest-2018/#717901f135e3

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#Blockchain: The Building Block of the Supply Chain of Tomorrow? $SX $SX.ca $SXOOF $IDK.ca #Blockstation

Posted by AGORACOM-JC at 1:42 PM on Friday, March 16th, 2018
  • Blockchain for supply chain management is, in effect, a network application
  • Instead of being a centralized application, it is built on the distributed databases of supply chain partners in an extended supply chain
  • Decentralized architecture

Steve Banker , Contributor

I cover logistics and supply chain management. Opinions expressed by Forbes Contributors are their own.

At the HighJump Elevate conference this week in Dallas, one session – attended by roughly 600 conference attendees – was called “Blockchain: The ‘Building Block’ of the Supply Chain of Tomorrow. Really, the title of the panel should have had a question mark at the end – like the title of this article – because the panel was in large part composed of industry analysts who tend to be far more cautious about our assessment of blockchain than the broader technology community.

The panel was composed of me, a Vice President of Supply Chain Services at ARC Advisory Group; Dwight Klappich, a Vice President at Gartner; Victoria Brown, a Research Manager at IDC; and Piyush Dewangan, an Industry Research Manager at Quadrant Knowledge Solutions. There was one member of the panel, Kurt Wedgwood, North America Blockchain Leader at IBM, who represented the view of the technology community, which tends to be far more bullish on this technology than analysts.

Ms. Brown and I were asked the first question, which was to describe the technology. My answer was to try and put the technology in a context, using a vocabulary, that supply chain practitioners are familiar with.

“We understand that supply chain applications work better when they have access to network data from participants in our extended supply chains. If we can get access to near real-time data from further upstream and downstream in our supply chains, we can make better service and cost decisions. Further, supply chain networks, which are centralized Cloud applications that all network transactions flow through, eliminate the ‘he said, she said’ kinds of disputes. Because the transactions flow through the network, network master data can be used to resolve disputes among participants.”

“Blockchain for supply chain management is, in effect, a network application. But instead of being a centralized application, it is built on the distributed databases of supply chain partners in an extended supply chain. It is a decentralized architecture. It has the advantages of existing network solutions and, in theory, will also have better IT security than existing supply chain applications.”

Later I was asked to explain the difference between blockchain and bitcoin. “When I began my research into blockchain, I began by looking at the one place where blockchain is in general usage, cryptocurrencies and Bitcoin. When I dug into how these solutions work, I thought ‘This will never work for supply chain management! Not in a million years!” But blockchain for supply chain management differs from Bitcoin in fundamental ways.”

But the best exchanges among the Panel participants centered around the maturity of blockchain for supply chain management. Even Mr. Wedgwood from IBM was cautious. He saw the technical challenges as being much less difficult to solve than both internal cultural issues and getting different parties in an extended supply chain to participate in these proof of concepts. He saw these people issues as representing perhaps 60 percent of the challenge.

Mr. Klappich, of Gartner, said “I view the cultural issues as being 90 percent of the challenge.” Mr. Klappich went on to compare the hype surrounding blockchain as being like what occurred surrounding RFID in the early 2000s. RFID was mandated by Walmart, the analyst community raved about the prospects of this technology, but the initiative was abandoned by Walmart, and RFID even today is not in widespread usage for supply chain tracking.

Source: https://www.forbes.com/sites/stevebanker/2018/03/16/blockchain-the-building-block-of-the-supply-chain-of-tomorrow/#3da56d304aff

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12 Startups Utilizing #Blockchain Technology in New Ways $SX $SX.ca $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 5:55 PM on Thursday, March 15th, 2018

Image credit: monsitj | Getty Images
Jonathan Long
  • Cryptocurrency created quite the buzz this past year
  • Although the technology has been around for a few years, 2017 was the year it really took off
  • However, the technology behind these tokens, blockchain, has far more applications than just cryptocurrencies

Bitcoin, the first application of cryptocurrency technology, hit $20,000 a coin, while coins like Ethereum also saw their prices increase. However, the technology behind these tokens, blockchain, has far more applications than just cryptocurrencies.

Through a network of smart contracts that operate utilizing decentralized information on a ledger, blockchain is able to provide unmatched security and speed for data transfers. This means that blockchain technology has an application in nearly every industry where value is exchanged.

For this reason, many startups have started to explore how this technology can change the way the world works. Here are twelve of those startups, each of which are utilizing blockchain technology in new ways.

1. Fr8

Fr8‘s blockchain network facilitates the digitization of record-keeping related to the trade of assets, even in scenarios where intermediaries and brokers are incentivized to resist change. Last year, trucks drove 29 billion empty miles in the U.S. alone. By applying blockchain, Fr8 helps to streamline and organize the industry in a trustworthy manner.

2. IOST

The internet of Services (IOST) is a new cryptocurrency that is attempting to solve scalability problems. A technological descendant of Ethereum, IOST is a blockchain with the purpose of serving as infrastructure for developers to create decentralized applications. Building on top of a blockchain allows businesses to cut out intermediaries, and also gives them peace of mind in terms of data safety, as blockchain networks are notoriously secure.

3. ImpactPPA

ImpactPPA is creating the SmartPPA (PPA stands for power purchase agreement), a platform that connects the blockchain community with environmentally concerned and socially impactful projects that fuel the development of sustainable solutions. The platform is designed to manage renewable energy resources from generation to distribution to payment. Its aim is solving the globe’s most pressing environmental and humanitarian issues.

Related: Steal These 4 Proven Customer-Retention Strategies

4. ShipChain

ShipChain is a freight and logistics platform built on blockchain. The platform focuses on an end-to-end track and trace, which allows for unification across the entire supply chain, among all carriers. ShipChain is member of the Enterprise Ethereum Alliance (EEA) alongside Microsoft, and the Blockchain in Transport Alliance (BiTA), alongside UPS and DHL. The company recently announced a pilot program with Perdue Farms.

5. Nano Vision

Nano Vision is empowering global citizens to step up and lend their efforts to furthering disease-prevention research and development. Through blockchain’s inherently decentralized solution, anyone, whether they are scientists, doctors or simply engaged civilians, will have access to the data that has been collected and the research that has been recorded on Nano Vision’s platform. The initiative anticipates that this will fuel new steps in the research process, thus sparking faster innovation.

Related: 25 Tips for Earning Customer Loyalty

6. Inveniam

Inveniam is the first organization to successfully structure and tokenize a debt instrument that is capable of being listed on a public market. Equipped with a working product, Inveniam uses Decentralized Ledger Technology (DLT) and “regulated” contracts and tokens to transform structuring, clearing, custody and settlement of fixed-income instruments. This “regulated” token acts as the passkey for all of the underlying documentation associated with the debt, which trades with the token for the life of the instrument.

7. BuzzShow

BuzzShow is a platform that incorporates proof of contribution to reward online video users. It focuses on creating a decentralized social video ecosystem with a full economic cycle and rewards for creating, curating, viewing and sharing videos. Users retain full privacy and control over their video within the social media space. The platform currently has over 15,000 users.

Related: 5 Ways to Build Killer Relationships With Customers

8. Patron

Patron is a global influencer marketing platform built with blockchain technology. Started by Atsushi Hisatsumi, a Japanese influencer and entrepreneur, the company seeks to connect global influencers with brands in a secure and transparent ecosystem. Benefits of the platform include the elimination of most common intermediary fees, incentivization and voting using tokens to match parties. The company has raised over $10 million to date.

9. Photochain

Photochain is a decentralized stock photography platform built on the blockchain. Using the Photochain marketplace, photographers can retain up to 95 percent of their potential earnings, while ensuring all copyrights and protections are in place using the company’s Digital Copyright Chain (DCC) solution. The marketplace will also connect buyers for a fair and seamless experience, eliminating most of the fees and copyright problems currently found in the stock photography market.

10. ODEM

ODEM is the world’s first decentralized on-demand education marketplace. Using the power of blockchain technology and its smart contract-based payment platform, ODEM will enable students and professors to interact directly and participate in the exchange of education and learning, without the involvement of intermediaries. This means greater access to quality education at a lower cost, helping bridge the educational gap for millions of students globally.

11. MEvU

MEvU is a decentralized P2P (peer-to-peer) betting application that allows people to bet on anything, at any time and against anyone. MEvU uses smart contracts on the Ethereum blockchain to store players’ funds and information, providing players with confidence that their wagers will be executed securely and quickly. The goal is to reduce black market gaming, while promoting fun and transparent gaming between parties.

12. Boon Tech

Boon Tech is an artificial intelligence-powered micro-job platform on blockchain. With a technology developed to eliminate cryptocurrency volatility in their platform, Boon Tech has the potential to revolutionize the freelance economy. As an IBM business partner, Boon Tech uses IBM’s Watson AI algorithms in its ranking and review systems available on the platform.

Source: https://www.entrepreneur.com/article/310373

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Don’t Confuse #Bitcoin With #Blockchain Technology $SX $SX.ca $SXOOF $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 3:15 PM on Wednesday, March 14th, 2018

Mat Litalien | March 14, 2018 | More on: HBLK HIVE

  • Bitcoin and blockchain technology are often incorrectly used interchangeably.
  • Although the Bitcoin and blockchain are closely related, it is important to note that they are not one and the same

As an example, take this headline from Cointelegraph: “Goldman Sachs Will Start Bank Money ‘Stampede’ Into Bitcoin: Ritholtz CEO”. At first glance, an investor could be tricked into thing that Goldman Sachs is about to get into Bitcoin, when in effect, the quote from Wealth Management CEO Josh Brown does not even mention Bitcoin.

Likewise, Jamie Dimon, CEO of JP Morgan, has been criticized for calling Bitcoin a “fraud.” However, did you know that JP Morgan is actively engaged in developing blockchain technology?

Although the Bitcoin and blockchain are closely related, it is important to note that they are not one and the same.

Let’s start with Bitcoin. Bitcoin was the first and the best-known unregulated cryptocurrency. Bitcoin is the cryptocurrency for which blockchain was invented. Therein lies why the confusion between the two exists. Bitcoin is a medium of exchange, like the Canadian dollar, intended to simplify transactions and eliminate the need for third-party payment processing such as banks and PayPal.

Bitcoin, like other cryptocurrencies, is digital and is considered to have no intrinsic value. It is unregulated in the sense that its supply is not determined by a central bank. Bitcoin is not a file saved on a computer. It is represented by transactions recorded on a peer-to-peer network. Bitcoin can be used to purchase goods and services where accepted.

Blockchain is the technology on which Bitcoin was built and goes far and beyond cryptocurrencies. It is anonymous, distributed, public, and encrypted. Blockchain maintains the Bitcoin transaction ledger. There are thousands of blockchains that exist, all influenced by the original Bitcoin blockchain.

The attractiveness of blockchain technology is easy to understand. Because it is distributed, there is no central database, and it runs on computers worldwide, which makes it very difficult to hack. It is public, which means that anyone can view it any time, offering an unprecedented level of transparency. It also makes use of two-key encryption, which enables unmatched virtual security.

Businesses have come to learn that blockchain technology can be adapted for use in many other areas. Specifically, many companies are investigating the use of blockchain to improve and speed up business processes. It can lead to cheaper and faster financial settlements that could save companies billions in transaction costs. It can transform the way governments are elected by producing immediately verifiable voting results. Canada has long struggled with a true electronic patient medical record due to the significant privacy regulations. Could an electronic medical record built on blockchain technology be the answer? What about solving the corruption surrounding foreign aid? Blockchain can hold organizations more accountable through increased transparency.

Investors wanting to invest in blockchain technology can do so by taking a position in Harvest Portfolio’s Blockchain Technologies ETF (TSX:HBLK). The ETF was only recently launched in February and will invest in companies that are leading the blockchain revolution. Its holdings include development companies such as HIVE Blockchain Technologies Ltd. (TSXV:HIVE), Overstock.com Inc., BTL Group Ltd., and BIG Blockchain Intelligence Group Inc. Likewise, it has stakes in some of the larger players in the tech industry who have shown a keen interest in blockchain technology, such as Intel Corporation, Microsoft Corporation, and Visa Inc.

The applications for blockchain technology are endless. Bitcoin has been revolutionary and continues to be the most widely accepted form of cryptocurrency. However, investors need to understand that if a company is invested in blockchain technology, it does not equate to Bitcoin. They can be investigating the use of blockchain for several possible reasons. There exists a significant knowledge gap between the public and blockchain technology. As an investor, you need to be extra vigilant and understand what you are investing in.

While conflict overseas is all media talking-heads seem to mention these days, the billionaire founder of Tesla is losing sleep over what he sees as a far bigger threat.

Elon Musk Warns: This has “vastly more risk than North Korea”

If you missed your opportunity to get in on Google, Microsoft, or Amazon in their early days, don’t let it happen again. This emerging technology trend could offer a second chance for anyone who wishes they took part in these millionaire-maker stocks.

Source: https://www.fool.ca/2018/03/14/dont-confuse-bitcoin-with-blockchain-technology/

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Eight Ways #Blockchain Will Impact The World Beyond #Cryptocurrency $SX $SX.ca $SXOOF $IDK.ca #Blockstation

Posted by AGORACOM-JC at 1:29 PM on Friday, March 9th, 2018
  • From banking and secure communications to healthcare and ride-sharing, blockchain will have a huge impact on our future
  • Of course, to understand how blockchain will change the world, you first need to understand how it works

Kage Spatz is a Strategist, Entrepreneur & CEO at Spacetwin — an innovative digital marketing and monetization agency.

From banking and secure communications to healthcare and ride-sharing, blockchain will have a huge impact on our future. Of course, to understand how blockchain will change the world, you first need to understand how it works.

Have you ever purchased coffee or produce that is labeled as a fair trade product? How can you trust that information? What about when you meet someone on a dating website? How do you know they’re really the 35-year-old startup founder and wakeboarder that they say they are?

Society today is filled with uncertainty and trust issues — and with valid reason. To be sure your purchase is really helping a coffee bean farmer in Ethiopia or that your date is actually who they say they are, you’d need a system with strong security where records are stored and facts are verified by many witnesses so that no one could cheat it.

Blockchain: Simplified

This type of system is called blockchain. No central person or company owns it. Rather, information is stored across a system of many personal computers so that there is no middleman. It’s decentralized and distributed so that no one person can take it down or corrupt it. However, anyone can use the system and help run it, as information is protected through cryptography.

It’s essentially an ever-growing list of transactions (listed in blocks) that are verified, permanently recorded and linked in chronological order. For most users, the beauty of blockchain will be in the unknown. Just as most of us are unaware of how 4G technology works or how silicon is processed to produce central processing units, we continue to use our smartphones on a daily basis. Similarly, blockchain will be a perfect “backstage” to many changing technologies and will impact the way we educate, manage, consume, govern and communicate.

How Blockchain Will Change the World

• Banking and Payments: Not only does blockchain allow anyone to exchange money faster, more efficiently and more securely (see bitcoin currency), but many banks are already working on adopting blockchain technology to improve their transactions.

• Cybersecurity: All data is verified and encrypted in blockchain using advanced cryptography, making it resistant to unauthorized changes and hacks. Centralized servers can be very susceptible to data loss, corruption, human error and hacking. Just look at the many hacks we’ve seen in the past few years with Target, Verizon, Deloitte and Equifax. Using a blockchain decentralized, distributed system would allow data storage in the cloud to be more robust and protected against attacks.

• Internet of Things: Today the Internet of Things (IoT) includes cars, buildings, doorbells and even refrigerators that are embedded with software, network connectivity and sensors. However, because these devices operate from a central location that handles communications, hackers can gain access to the car you’re driving or to your home. According to Kamil Przeorski, an expert in Bitcoin and Ethereum capabilities, Blockchain has the potential to address these critical security concerns because it decentralizes all of the information and data. This is increasingly more important as IoT capabilities increase.

• Unified Communications: Blockchains can enable faster, safer and more reliable automated communication. Automated or digital communication based on pre-built algorithms is already occurring at scale in some industries. Examples of this include emails, system alerts and call notifications. Matt Peterson, co-founder of Jive Communications and an early adopter and miner of Bitcoin told me that while a lot of communication is currently automated, this type of communication is generally non-critical and asynchronous. He said that “Blockchains can shift the playing field to allow authorized, bi-directional communications and transactions that occur more freely in an automated environment and produce an immutable record of communication.” This will greatly enhance the safety and reliability of our communications.

• Government: If corrupt politicians and long lines at the DMV give you a headache, you’re not alone. With blockchain, we could reduce bureaucracy and increase security, efficiency and transparency. Welfare and unemployment benefits could also be more easily verified and distributed and votes could be counted and verified for legitimacy.

• Crowdfunding and Donating to Charities: Donating to a worthy cause is never a bad idea. But what percentage of your donation is actually being given to those it’s meant for? Blockchains can help ensure that your money gets exactly where you need it to go. Bitcoin-based charities are already creating trust through smart contracts and online reputation systems and allowing donors to see where their donations go through a secure and transparent ledger. The United Nations’ World Food Programme is currently implementing blockchain technology to allow refugees to purchase food by using Iris scans instead of vouchers, cash or credit cards.

• Healthcare: Wouldn’t it be great if doctors did not have to “fax over referrals” anymore? Why can’t all of our medical information be stored in a central database? The centralization of such sensitive information makes it very vulnerable. With all of the private patient data that hospitals collect, a secure platform is necessary. With the advent of blockchain, hospitals and other healthcare organizations could create a centralized and secure database, store medical records and share them strictly with authorized doctors and patients.

• Rentals and Ride-sharing: Uber and Airbnb may seem like decentralized networks, but the platform owners are in complete control of the network and naturally take a fee for their service. Blockchain can create decentralized peer-to-peer ride-sharing apps and can allow car owners to auto pay for things like parking, tolls and fuel.

While blockchain is still relatively new and many experiments will fail before they succeed, the possibilities for innovation are endless. Along with the eight points listed, it will affect retail, energy management, online music, supply chain management, forecasting, consulting, real estate, insurance and much more. Let’s prepare ourselves for a future where distributed, autonomous solutions will have a huge role — both in our personal lives and in business.

Source: https://www.forbes.com/sites/theyec/2018/03/09/eight-ways-blockchain-will-impact-the-world-beyond-cryptocurrency/2/#311824a1300b

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St-Georges Eco-Mining $SX $SX.ca $SXOOF Subsidiary #ZeU #Crypto Signs Definitive Agreement with Tiande $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 12:01 PM on Monday, February 26th, 2018

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  • Wholly owned subsidiary ZeU Crypto Networks signed a definitive asset purchase agreement dated February 23, 2018 with Qingdao Tiande Technologies Limited and Beijing Tiande Technologies Limited with the intervention of Guiyang Tiande Technologies Limited
  • ZeU will acquire the Vendor’s intellectual property
  • Purchase price for the Acquisition shall be up to 150,000,000 common shares of ZeU and 150,000,000 Share purchase warrants

Montreal / February 26, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) announces that, further to its January 15 and February 8, 2018 press releases, its wholly owned subsidiary ZeU Crypto Networks Inc. has signed a definitive asset purchase agreement dated February 23, 2018 with Qingdao Tiande Technologies Limited and Beijing Tiande Technologies Limited with the intervention of Guiyang Tiande Technologies Limited to purchase substantially all the intellectual property of the Vendors.

The following are the material terms of the agreement:

  • – ZeU will acquire the Vendor’s intellectual property (including without limitation, all intellectual property and patent applications directly or indirectly related to the Blockchain and smart contract technologies of the Vendors (the “Blockchain Technology”), including without limitation, BigData, IoB, Sandbox) (the “IP”)
  • – the Vendors will complete: (i) the transfer and successful employment by ZeU of all key employees; (ii) the transfer and assignment of all the IP to ZeU; (iii) the obtaining of all regulatory approvals should they be required; and (iv) the obtaining of all required consents including all consents from clients and collaborators pursuant to the existing contracts of the Vendors (the “Milestone Conditions”)
  • – ZeU, the Vendors and key collaborators will enter into a license agreement and non-competition covenant which will provide, among other things, that ZeU shall irrevocably grant a perpetual , exclusive, transferable and sub-licensable license to the Vendors for use of the Blockchain Technology in China, Hong Kong and Taiwan
  • – ZeU will have completed or caused to be completed prior to the Closing Date a debenture financing of not less than $10,000,000 and up to $30,000,000 (the “Concurrent Financing”)

The purchase price for the Acquisition shall be up to 150,000,000 common shares of ZeU (each a “Share” and 150,000,000 Share purchase warrants (each a “Warrant”) to the Vendors, satisfied by (i) the delivery of a total of 65,000,000 Shares and 75,000,000 Warrants on the closing date of the Acquisition (the “Closing Date”), (ii) to the extent and only if all of the Milestone Conditions (as defined hereinabove) are satisfied, the delivery of an additional 75,000,000 Shares, within 3 Business Days following the satisfaction of the Milestone Conditions or the Closing Date (whichever is later) and (iii) to the extent and only if twenty (20) new patents pertaining to the Blockchain Technology are issued (the “Patent Condition”), the delivery of an additional 75,000,000 Shares, within 3 Business Days following the satisfaction of the Patent Condition.

Each Warrant will be exercisable at a price equal to the conversion price pursuant to the Concurrent Financing for a period of three (3) years following the date ZeU completes a transaction pursuant to which its 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.

The agreement was negotiated at arm’s length, and contains customary representations, warranties and closing conditions.

On closing of the Acquisition, Dr. Wei Tek Tsai is to join ZeU’s management as Chief Technology Officer.

The Acquisition remains subject to requisite regulatory approval and satisfaction of closing conditions contained in the agreement.

The Acquisition remains subject to a number of conditions as set forth in the agreement, including (without limitation), the completion of the Concurrent Financing (as defined hereinabove), the receipt of all requisite regulatory approvals and satisfaction of closing conditions contained in the agreement.

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.

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