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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

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ThreeD Capital Inc. $IDK.ca – New $50 Million Fund Makes First Investment in #Blockchain ID Startup $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 2:00 PM on Thursday, April 4th, 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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New $50 Million Fund Makes First Investment in Blockchain ID Startup

  • A new $50 million VC fund has been set up by Nasdaq-listed company Okta to invest in early-stage technology startups, including those working with blockchain
  • Okta, which provides identity management solutions, announced the Okta Ventures Fund Wednesday, adding that it has made its first investment in blockchain-based identity startup Trusted Key

Yogita Khatri

Trusted Key was founded by former Microsoft, Oracle and Symantec executives and offers decentralized digital identity solutions allowing organizations to “work together as ecosystems to share strongly proofed user identities with user consent.”

Through its venture fund, Okta said it will invest in startups that are focused on building innovative solutions around its core businesses using blockchain, artificial intelligence and machine learning.

The San Francisco-based firm’s co-founder and chief operating officer, Frederic Kerrest, said:

“In line with Okta’s vision of enabling any organization to use any technology, Okta Ventures will invest in the growing ecosystem of startups tackling issues like identity, security, and privacy.”

Besides providing investment capital, Okta plans to provide its portfolio companies with additional support, including the use of its software and co-marketing opportunities.

Founded in 2009, Okta has raised total funding of over $229 million, according to Crunchbase. The firm is also backed by notable investors, including Andreessen Horowitz, Sequoia Capital, Khosla Ventures and others.

Okta went public in the U.S. in April 2017, raising $187 million via an initial public offering (IPO) that saw 11 million shares sold at $17 apiece. The share price of the company has risen sharply since and is currently trading at around $89.

Paper cutouts image via Shutterstock 

Source: https://www.coindesk.com/new-50-million-fund-makes-first-investment-in-blockchain-id-startup

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ThreeD Capital Inc. $IDK.ca – Why Mark Zuckerberg and Jack Dorsey Are Warming to Blockchain $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:19 AM on Thursday, March 28th, 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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Why Mark Zuckerberg and Jack Dorsey Are Warming to Blockchain

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative.

The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.

“Left to their own devices, computer scientists would recreate the Soviet Union.”

That line belongs to Preston McAfee, an economist whose job history includes senior positions at tech giants such as Microsoft, Google and Yahoo. As he explained to an audience at the SXSW conference in Austin, Texas, recently, it refers to software engineers’ tendency to favor centralization as the most efficient design principle for any computing system.

The point, he said, is that decentralized networks, such as those based on blockchain models, can often enable more positive overall social outcomes despite the relative inefficiency of their command-and-control architecture. It’s useful to contemplate this idea, and McAfee’s colorful metaphor, in relation to the current state of play on the Internet.

For the first time since they emerged as the victors of the post-dot-com bubble shakeout at the turn of the century, the platforms that dominate our online lives are running up against the social limits of their centralized models.

A backlash is emerging against “surveillance capitalism” and against the broad strategy of mining users’ data to capture audience for advertisers and to shape consumer behavior. Manifest as both political pressure and user rebellion, it is forcing a design rethink at these companies.

Perhaps the Internet is facing its Berlin Wall moment.

This is ultimately why some of the principles underlying blockchains and cryptocurrency technologies are finding favor in the business development strategies – or at least in the PR signaling – of social media companies.

Warming to Decentralized Models

Facebook especially has attracted much attention in this area.

CEO Mark Zuckerberg recently made a bombshell post outlining a “privacy-focused vision for social networking” that suggested a move to embrace end-to-end encryption of users’ data on Facebook, Instagram and WhatsApp.

In a separate post of a video interview with Harvard Law professor Jonathan Zittrain, Zuckerberg speculated on the prospect of Facebook using a blockchain model to enable decentralized logins without its servers acting as authenticators. All this came around the time The New York Times reported that Facebook is developing a digital currency that its users can trade among each other and exchange on cryptocurrency exchanges.

Meanwhile, Twitter CEO Jack Dorsey appears to have gotten religion when it comes to cryptocurrencies. He has declared that bitcoin will be the “native currency of the Internet,” has invested in Lightning Labs, which is developing payment channels for bitcoin based on the lightning network, and recently announced that Square, the separate payments company that he heads, will hire crypto engineers and likely pay them in bitcoin.

It’s fair to say there is a significant degree of skepticism that social media companies, having made fortunes out of a centralized model that accumulates user data, will change their stripes.

Facebook, in particular, has come under criticism from pundits who argue that it won’t be able to shift its business model. Given data abuse scandals such as the Cambridge Analytica affair, skeptics such as cryptocurrency pioneer David Chaum argue that Zuckerberg’s decentralization and privacy mantra is nothing more than a PR message.

But the departure of certain senior executives, including those who oversaw the development of the centralized data-gathering model and the algorithms that mine that data to deliver audiences to advertisers, has led others to conclude that Zuckerberg is indeed serious.

Winds of Change

One thing’s clear: there’s pressure for change, whether it comes in substance or merely in message.

Much like citizens who reach a breaking point and rebel against political leaders who act in their own interests rather than those of the public, users of these social media platforms are starting to signal that they won’t stand for data abuses.

Obviously, without users, these businesses fail. So, these companies are now contemplating a revised model in which, to paraphrase Bruce Schneier, users are no longer the product but the customer.

It’s an open question whether such companies can make money on a model in which the nodes in the network are free from control by the center. But let’s continue with the McAfee-inspired metaphor and contemplate how governments in capitalist economies accrue power and influence when their citizens are empowered to transact with each other. Similarly, we can imagine how a Facebook or a Twitter that helps its vast number of users conduct peer-to-peer exchanges can extract great value from the expansion of such networks.

Either way, the winds of change are coming to the centralized systems of the Internet. Whether the incumbents survive those changes, or whether they go the way of, say, MySpace is not clear. More important, let’s consider what might arise in their place and how smoothly we transition to the new era.

These are questions for developers of decentralized solutions such as those enabled by blockchain technology. What kind of governance models will be in place so that users are truly able to maintain a healthy degree of autonomy even as new centralizing forces emerge to extract value within the new paradigm?

Remember, the Soviet Union collapsed, but it was hardly replaced by a utopia.

Image via CoinDesk archives 

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Source: https://www.coindesk.com/why-mark-zuckerberg-and-jack-dorsey-are-warming-to-blockchain

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ThreeD Capital Inc. $IDK.ca – #Crypto Trader DataDash Says #Bitcoin Is Bottoming – Plus #Ripple and #XRP, #Ethereum, #Tron, #Litecoin, #IOTA, #Stellar

Posted by AGORACOM-JC at 10:45 AM on Monday, March 25th, 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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Crypto Trader DataDash Says Bitcoin Is Bottoming – Plus Ripple and XRP, Ethereum, Tron, Litecoin, IOTA, Stellar

  • From Bitcoin’s price action to the adoption of XRP, Stellar, and Litecoin, here’s a look at some of the stories breaking in the world of crypto.
  • YouTube’s biggest crypto analyst Nicholas Merten says he believes Bitcoin is bottoming.

Bitcoin

YouTube’s biggest crypto analyst Nicholas Merten says he believes Bitcoin is bottoming.

In the latest edition of DataDash, Merten compares BTC’s current price action to the market decline in 2014 and subsequent sideways trading in 2015, and says three indicators suggest Bitcoin is entering a period of sideways consolidation before a run to the upside.

Merten says the 50 and 100-week moving averages, stochastic RSI and true strength indicator all signal BTC is starting to enter a bottoming phase.

“We’re going to need to see much more substantial price action for Bitcoin to be considered in a bull market. So we’re in neither really a bear market as of the last few weeks, and we’re also not in a bull market. Again, we have to see a justification of price on either side.”

According to Merten’s analysis, current market conditions indicate it will take a few weeks or months for Bitcoin to start gaining momentum.

Ripple and XRP

Days after adding XRP to its platform, the Bahrain-based crypto exchange Rain says the digital asset has officially been declared Sharia-compliant in an audit from their partner, the Shariyah Review Bureau.

Our Shari’a compliance audit was completed by our partner @ShariyahReview.

— Rain (@rainfinancial) March 24, 2019

Ripple has been pushing to expand its presence in the Middle East, announcing an expansion in the region late last year.

Ethereum

Mist, one of the first projects from the Ethereum Foundation, is shutting down. The Mist browser, also known as the Ethereum DApp Browser, allowed users to access Ethereum applications and projects. The Mist wallet, designed to be downloaded and run on a computer, allowed users to store, send and receive crypto.

In a farewell post, developer Alex Van de Sande outlines a number of the project’s technical problems, and names Samsung, Opera and Brave as projects that are better suited to move the tech forward.

“While I’m proud of all the accomplishments we achieved in this time advancing the usability of Ethereum and sharing a vision for web3, we feel Mist, the browser has outlived it’s usefulness: the ecosystem has matured so much that now the user has tons of great options of wallets and browsers on both mobile and desktop.”

This is a bitter post to announce, but we are discontinuing Mist. You can read the full post here but for your convenience I will try to summarize in a few tweets: https://t.co/eqw5yWacsa

There are mainly two reasons a good and a bad one: ecosystem and security

— alex van de sande (@avsa) March 22, 2019

Litecoin

Jon Moore aka ‘Johnny Litecoin’, the vice president of Nationwide Merchant Solutions, is showing off Litecoin’s integration with the payment system Clover.

Checkout the Clover Flex device!! #Clover devices can easily display a #Litecoin Payment button with QR code printing on receipt for easy payment. Clover also integrates with @ecwid which allows for LTC/BTC Payments to come in from online and the data connects to Clover!! pic.twitter.com/WNVRG3BYKP

— Jon Moore (@jonnylitecoin) March 20, 2019

The Clover platform offers free open-source code allowing merchants to implement custom third-party payment options.

Stellar

The foreign exchange company Currency Matters says it’s joining IBM’s World Wire remittance platform, which is powered by the Stellar blockchain.

“By connecting to the World Wire network, Currency Matters now has access to a single unified network for foreign exchange and cross-border payments clearing and settlement built on blockchain technology and the Stellar public protocol. This will allow Currency Matters to offer clients the ability to conduct transactions across additional currency corridors and provide access to new digital assets including stable coins using Stellar Lumens (XLM).”

So far, IBM says six banks have signed letters of intent to issue their own stablecoins on the platform.

Tron

The Tron community site Tron.Live is giving crypto enthusiasts an inside look at Tron’s headquarters in Beijing. It occupies two floors with modern flair, lime green accents, wall art, smiling stuffed animals, a circular resting area, a tatami room and a rainbow-colored entertainment lounge. Source: Tron.Live

Tron currently has offices in San Francisco, Singapore and Beijing.

IOTA

IOTA just released the latest edition of the Untangled podcast. The episode explores the platform’s push for smart city adoption, focusing on the energy sector and what the cities of the near future may look like.

Source: https://dailyhodl.com/2019/03/25/crypto-trader-datadash-says-bitcoin-is-bottoming-plus-ripple-and-xrp-ethereum-tron-litecoin-iota-stellar/

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ThreeD Capital Inc. $IDK.ca – Follow The Money – Why Investment In Blockchain Has Never Been Higher $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:00 AM on Wednesday, March 20th, 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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Follow The Money – Why Investment In Blockchain Has Never Been Higher

  • It’s a cliché, but true– data is the new oil. That’s one of the many takeaways from a 2018 survey conducted by New Vantage Partners.
  • C-level executives at almost 60 firms (including giants such as Morgan Stanley, GlaxoSmithKline, and IBM) were asked about their views on Big Data.

Gina Clarke Contributor 

Blockchain and investment in financial technology continue to grow

It’s a cliché, but true– data is the new oil. That’s one of the many takeaways from a 2018 survey conducted by New Vantage Partners. C-level executives at almost 60 firms (including giants such as Morgan Stanley, GlaxoSmithKline, and IBM) were asked about their views on Big Data. Over 97% of respondents reported deploying Big Data or AI solutions to achieve objectives such as improved analytics and decision-making, cost reduction, and shorter time to market.

Fortune 1000 companies are not the only ones taking advantage of savvy data deployment. Small businesses are also using databases to manage inventory and cash flow, market to customers, and carry out countless other tasks.

With most businesses reliant on databases, staying ahead of the data-technology curve has become a central issue for executives. According to the New Vantage study, almost 80% of executives surveyed expressed concern about disruption or displacement from competitors due to data-technology advantages. And well over half identified inability to compete on data, lack of agility, and data-driven competitors as the primary data-related threats to their organization.

The promise of blockchain

Most people don’t think of data management when they hear the word “blockchain.” The word tends to evoke cryptocurrencies and Bitcoin’s attention-grabbing price swings. However, blockchain technology is currently being adopted at all levels of the business environment.

Blockchain solutions are showing up in the fields of utilities, healthcare, payments, supply-chain management, government, agriculture, and more. A mid-2018 PwC survey found that fully 84% of responding companies actively used blockchain, in areas such as research programs and live deployment.

That’s why investment in the field is still at an all-time high by private investment funds like the New Global Capital Investor Fund, founded in 2017 and still one of the largest institutional investors of blockchain technologies. They have been a key contributor to a number of leading projects including Zilliqa, Ontology, NKN, Oasis, Mainframe, Certik, Bluzelle, and Iotex.

Roger Lim, Founding Partner at NGC said, “We’ve been concentrating on low hanging fruits in blockchain for a while, anyone who can potentially solve a problem. But now we’re interested to hear from good projects where the total metrics make sense, the team makes sense and they have a great strategy.”

Right now, forty per cent of investment in blockchain by NGC is heading to Greater China where blockchain is booming, but they are still open to all with a good idea. Open to lending from as little as $200,000 to $10million, the company wants to spread the word that there are still great funding opportunities out there. Lim added, “We go off to where the talent is, not just because it’s in Silicon Valley, we don’t portion off our funds. We look globally and we go after the talent.” 

Profile rising fast, but not enough

Despite the interest of investors, blockchain is still relatively young in the mainstream market and actual deployment of blockchain solutions is not yet widespread. This relatively young technology has come a long way since its inception in 2008, but only about a quarter of the companies PwC surveyed had up-and-running blockchain projects.

Though blockchain’s profile is rising fast, the technical expertise needed to create blockchain platforms and smart contracts is still hard to come by in enterprise business settings. Travis Reeder, CTO of blockchain firm GoChain, sees this lack of expertise as a significant obstacle. 

He said, “If you’re an IBM or a JP Morgan, you might have the resources to develop the kind of in-house expertise needed to compete with the startups going after your industry in Silicon Valley. But there’s a huge group of companies who can’t just set up a dedicated blockchain division. These businesses understand what blockchain could do for them, but don’t have access to the tools and knowledge they need to build actual solutions. A lot of companies encounter the related problem that there are many options to choose from, but they don’t know which to choose or where to start.”

Now Reeder hopes to remove obstacles to participation in the blockchain revolution by investing in widespread knowledge. They offer partner companies blockchain-based training, workshops, platform design, and other services. Their aim is to provide the human capital that is as essential to the technology’s success as the technical infrastructure. These cost-effective consulting services are popular for companies to develop and maintain tailor-made blockchain business strategies and tools. With their own public blockchain that anyone can use to build smart contracts and applications, as well as GoChain private installation, it allows for all possibilities. 

Still, a few common concerns when it comes to blockchain are slow transactions and vast amounts of energy needed, but with 1300 transactions per second GoChain is certainly holding its own against the big guns. It’s 100 times faster than Ethereum for example.

A market for loans

And while the money is flowing freely into the blockchain, there are also possibilities to dole it out from firms such as Forest Park Advisors. They are creating the first tradeable syndicated loan market via security token issuances. The firm is the brainchild of Steve Shaw, investment manager at Clear Harbor Asset Management, who was previously a managing director at Credit Suisse First Boston, co-heading the firm’s trading and distribution franchise. Steve originated some of the earliest Credit Default Swaps at Credit Suisse product prior to the recession. Combined with the rest of the team, Forest Park Advisors has over 60 years of Wall Street experience and are intent on using their decades of experience to issue the first generation of real estate backed structured debt security tokens. With up to $200million for a single loan, this is a wealthy market.

If the public could be convinced, then there are plenty of opportunities to spread the wealth.

See more on what I’m writing here or say hi on Twitter @ginadav

Source: https://www.forbes.com/sites/ginaclarke/2019/03/20/follow-the-money-why-investment-in-blockchain-has-never-been-higher/#3af5933053fc

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ThreeD Capital Inc. $IDK.ca – Kakao’s Blockchain Arm Raises $90 Million in Private Token Sale $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 4:00 PM on Wednesday, March 13th, 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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Kakao’s Blockchain Arm Raises $90 Million in Private Token Sale

  • Ground X, the blockchain subsidiary of South Korean messaging giant Kakao, has raised $90 million in a private coin offering.
  • As reported by Bloomberg on Monday, Ground X CEO Jason Han said that IDG Capital, Cresendo Equity Partners and Translink Capital had participated in the round.
  • The firm is also reportedly planning to raise “a similar sum” in another round starting Tuesday, before launching its blockchain platform in June.

Yogita Khatri

Kakao first revealed its plan to set up a blockchain subsidiary back in March 2018, soon after confirming that it had launched Ground X to develop a blockchain-powered platform as a foundation for application developers. Kakao’s top execs said at the time that the plan was to integrate future blockchain-based services with Kakao’s existing internet offerings, such as the Kakao Talk messaging app.

Ground X launched a test network (or testnet) for its proprietary blockchain network, dubbed Klaytn, last autumn. It has already partnered with 26 companies that aim to run apps on Klaytn, Han told Bloomberg. These include South Korean video game developer Wemade and video streaming platform Watcha, as well as a unit of Chinese travel agency Zanadu.

The subsidiary has also said it will work with the Seoul Digital Foundation, an organization created by the Seoul Metropolitan Government, to develop blockchain projects focusing on social and public services.

Ground X could be summed up as “partial or gradual decentralization,” Han told CoinDesk Korea last year, adding that some of Kakao’s services could be decentralized.

He added:

“The token economy is a business model that no one could have imagined before. Until now, Kakao has only operated in Korea, but through blockchain we could expand into the global market. That means taking a portion of the profits we earn as an intermediary and using it to expand our market by sharing it with users.”

Jason Han image via CoinDesk archives

Source: https://www.coindesk.com/kakaos-blockchain-arm-raises-90-million-in-private-token-sale

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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/

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ThreeD Capital Inc. $IDK.ca – Kakao Corp raises $90M for its blockchain platform $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:55 AM on Monday, March 11th, 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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Kakao Corp raises $90M for its blockchain platform

  • Raised $90 million in a private coin offering for its upcoming blockchain platform, as reported by Bloomberg.
  • The company is planning to have another round, similar in size, in March

Kakao Corp., the parent company of a South Korean messaging app KakaoTalk, raised $90 million in a private coin offering for its upcoming blockchain platform, as reported by Bloomberg. The company is planning to have another round, similar in size, in March. IDG Capital, Crescendo Equity Partners and Translink Capital participated in the round, per Bloomberg.

The blockchain platform dubbed Klaytn, which is planned to launch in June, will start with popular third-party services such as games and travel apps but eventually could support some messaging features of KakaoTalk. Klaytn already has 26 partnerships lined up with apps that already have millions of daily active users. The platform aspires to attract a user base of 10 million accounts within the first year.

Source: https://www.theblockcrypto.com/tiny/kakao-corp-raises-90m-for-its-blockchain-platform/

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ThreeD Capital Inc. $IDK.ca – KPMG: Tech Execs See the Future- It’s Blockchain $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:54 AM on Monday, March 4th, 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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KPMG: Tech Execs See the Future- It’s Blockchain

  • Almost a full 50% of the executives polled (76% of whom are C-level executives — meaning they have titles like CTO, CEO, COO) firmly believed that blockchain is ‘very likely’ or ‘likely’ to change the way their company does business — within three years. That is a short time, especially in the business world.

By R.R. Hauxley

Plenty of people love blockchain. Plenty more hate it. But the biggest chunk of people by far are those who are neutral about it. They neither love it nor hate it. They’re just waiting for the world to make up its mind — like when VHS fought Betamax or Bluray fought HD-DVD. Well, the world is making up its mind right quick — and the winner is blockchain.

A survey was recently released. A big, meaningful one. It was released by KPMG, one of the top four auditor agencies in the world. They call it the Technology Industry Innovation Survey and it polls over 740 gigantic tech leaders across twelve countries around the world. The results are fascinating.

  1. Almost a full 50% of the executives polled (76% of whom are C-level executives — meaning they have titles like CTO, CEO, COO) firmly believed that blockchain is ‘very likely’ or ‘likely’ to change the way their company does business — within three years. That is a short time, especially in the business world.
  2. Taking that one step further, 41% of these higher-ups also believed that, in these next three short years, the company they direct will, in fact, implement blockchain tech.
  3. Perhaps the most telling statistic, however, is the change from last years survey. Despite the crypto bear market, despite hacks and scams, the executives who were neutral last year are moving bullishly into the blockchain believer category. Last year a full 42% of respondents were neutral on all this and 30% even responded that blockchain changing things would be “very likely.” Today the neutral camp has shrunk to 24% — with the majority moving camp to the “we will use blockchain” side of the story.

So you see, the battle between blockchain believers and doubters is coming to a close. High powered executives running multi-billion dollar companies (which produce products and services that we all use) are learning about blockchain, believing in it, and will be shaping their companies to use it — all in the next three years. It’s high time, then, that those who are also neutral take a page from the tech exec playbook and read “An Introduction to Blockchain.” These titans of industry are not making their decisions because of tabloid headlines. They are educating themselves about blockchain with proper guides. That is the only way to make proper profits. We should follow such footsteps if we want to profit from blockchain too.

Source: https://cryptomaniaks.com/latest-cryptocurrency-news/KPMG-future–is-blockchain

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ThreeD Capital Inc. $IDK.ca – 10 Major #Blockchain Trends in 2019 $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:58 AM on Friday, March 1st, 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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10 Major Blockchain Trends in 2019

  • While cryptocurrencies took a hammering, 2018 was huge for Blockchain, the technology that underpins Bitcoin and a myriad of other coins.
  • Blockchain has plenty of use cases outside of the cryptocurrency space with IBM, Oracle, and Amazon and other multi-billion dollar companies trying to capitalize on the disruptive technology.
  • Now, it’s time to find out what major Blockchain trends will define the current year.   

By: Alex Morris  

From the Internet-of-Things (IoT) convergence to startups for the unbanked — find out what to expect from Blockchain in 2019

While cryptocurrencies took a hammering, 2018 was huge for Blockchain, the technology that underpins Bitcoin and a myriad of other coins. Blockchain has plenty of use cases outside of the cryptocurrency space with IBM, Oracle, and Amazon and other multi-billion dollar companies trying to capitalize on the disruptive technology. Now, it’s time to find out what major Blockchain trends will define the current year.   

STOs replacing ICOs

Security tokens (STOs) have been a hot topic in the crypto space, and it looks like they will continue to be hot now that Overstock’s tZERO announced the launch of the new STO platform on Jan. 21. The Blockchain-powered platform will provide any company with the opportunity to raise funds by launching its own STOs. Prior to that, the startup made an announcement about the completion of its utility token distribution.

STOs, which combine the best features of the stock market and cryptocurrencies, arose as a fully regulated alternative to ICOs, which turned out to be the passing fad of 2017.   

Tokenization creating more investment opportunities

The launch of the Estonia-based DEX, which buys the shares of the biggest companies in the world in the form of ERC20 tokens, proved that 2019 is all about tokenization. The Ethereum-powered startup will allow non-US investors to engage in the US stock market without any limitations pertaining to their location or investment amount.  

Crypto startup Zilliqa also recently introduced Hg Exchange, a fully regulated exchange that allows accredited investors to buy US stocks.   

Tokenization already became a pervasive trend in 2018, going far beyond the stock market, but this is the year when pretty much everything will be tokenized – art, wine, real estate, etc.

Blockchain and IoT forming an alliance

Back in January, leading digital security company Gemalto released a report that states that 23 percent of responders think that Blockchain technology could be a boon for securing IoT-powered devices. Meanwhile, almost 91 percent of businesses who do not utilize Blockchain consider making use of the technology in the future.

The number of IoT-powered devices is expected to reach 26.66 bln in 2019, but less than half of all businesses can detect whether their device experienced a security breach.   

IBM also illustrated the benefits for this convergence with the help of their game-changing platform Watson IoT. Apart from bringing more security to the table, Blockchain significantly simplifies the task of managing different devices and increases the efficiency of the transaction.

Wall Street transitioning from dabbling to actions

The fact that cryptocurrency prices took a nosedive in 2018 doesn’t mean that the global financial industry is going to suddenly give up on Blockchain. As U.Today reported earlier, Bakkt, the ICE-backed exchange, was supposed to go live in January, but its launch was eventually delayed due to the longest government shutdown in history. Speaking of other ‘big-fish’ players, NASDAQ and the NYSE plan to launch Bitcoin futures while also being keen on Blockchain. Since the crypto hub died down, there is a good reason to believe that 2019 will be the year of exciting developments in the Blockchain space.

More decentralized exchanges appearing on the horizon

Decentralized exchanges, while actually living up to Satoshi’s vision, have numerous usability issues that take a toll on their popularity. There is no centralized authority that manages the users’ funds, but it’s also a double-edged sword problem – there is no way to revert a certain transaction if private keys are stolen or lost. Keep in mind that there are certain degrees of centralization. Case in point: the Bancor DEX, which suffered from a $13.5 mln hack, though Charlie Lee later claimed that no decentralized exchange can lose its funds.   

With that being said, major crypto startups – from Binance to Tron – have launched their own DEXs in order to spearhead the shift towards decentralization in the crypto world.     

Governments will continue looking into Blockchain

The wide variety of Blockchain applications are being explored by governments across the globe (even those ones who are openly hawkish towards cryptocurrencies). China cracked down on Bitcoin, but this country is hell-bent on becoming the leader in the Blockchain race. Shanghai, Guangzhou and other major cities are all supporting Blockchain developments. As reported by U.Today, the Ministry of Industry and Information Technology (MIIT) launched an initiative to incentivize business who are working with the DLT technology. Moreover, there are specific Blockchain guides in China for educating government officials.

Estonia is yet another country that is focused on the e-Estonia program that will digitize the government. Meanwhile, Dubai could become the very first government that is powered by Blockchain. The implementation of Blockchain could help Dubai save up to $1.5 bln per year by cutting the red herring and creating a fully paperless government.

Blockchain-powered startups banking the unbanked

Africa, where a substantial part of the population remains unbaked, represents a breeding ground for different startups that utilize Blockchain technology in order to increase economic inclusiveness. The Rohingya Project went even further by using Blockchain to restore the identity of stateless Rohingyas and give them access to banking services.  

Real-word use cases beyond fintech  

It is worth noting that Blockchain is the most disruptive technology of the last decade, but it remains unknown to the general public. Yes, along with Bitcoin, Blockchain was one of the buzzwords in the tech space, but it’s all about real-world adoption. According to PwC research, 84 percent of companies have dipped their toes into Blockchain, but they are not ready to embrace it due to numerous ‘trust issues.’ Those who will be able to integrate Blockchain into their businesses will turn out to be the true winners of 2019.

Scalability becoming one of the main issues

Without a doubt, scalability is one of the major bottlenecks of Blockchain, which poses a major hindrance to mainstream adoption. That became very evident when CryptoKitties, one of the best-known dApps, created congestion on the Ethereum network. Bitcoin and Ethereum are only able to handle seven and 25 TPS (this level of scalability doesn’t hold a candle to mainstream payment processors in the likes of VISA).

Hence, many promising solutions, such as sharding and sidechains, are expected to be implemented in 2019. Bitcoin’s Lightning Network (LN), for example, is witnessing growing popularity with major industry players, with an eye-popping 830 percent surge in half a year. LN will significantly boost Bitcoin adoption while solving scalability pain points.   

Blockchain jobs will become more common

Despite Bitcoin, the major use case of Blockchain, taking a hammering in 2018, the number of Blockchain-related jobs continued to grow throughout the year. Moreover, as reported by CNBC, the salaries of Blockchain engineers skyrocketed to $175,000 per year, which means that they receive the highest salaries in the software development niche on par with AI specialists. According to Hired CEO Mehul Patel, ‘there’s a ton of demand for Blockchain.’ On top of that, Upwork, the leading freelance platform, had a 35,000 percent uptick in the number of Blockchain freelancers (it’s the fastest-growing freelance sector).

However, earning a six-figure salary is not an easy feat. Blockchain developers have to code in numerous languages, including Go and Solidity. As mentioned above, major companies do not want to miss the boat on Blockchain, so they are striving to hire talented programmers.

Source: https://u.today/10-major-blockchain-trends-in-2019

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