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.
——————-
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
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].â€
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.â€
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.â€
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.â€
Posted by AGORACOM-JC
at 10:00 AM on Friday, March 29th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
——————-
Blockchain Spending in 2019 to Grow to $2.9 Billion, 88.7% Growth Since 2018
The amount spent on blockchain technology by businesses seeking to utilise the trust-enhancing features of distributed ledgers is expected to grow to $2.9 million in 2019
This would represent a growth of 88.7% over the $1.5 billion spent on the technology during 2018
By: Rick D.
The amount spent on blockchain technology by businesses seeking to utilise the trust-enhancing features of distributed ledgers
is expected to grow to $2.9 million in 2019. This would represent a
growth of 88.7% over the $1.5 billion spent on the technology during
2018.
The reported figures come from the International Data Corporation
(IDC) who recently updated its “Worldwide Semiannual Blockchain
Spending Guide.†According to a representative for the IDC, the tech has
moved out of the design phase and into actual use and this shift will
drive a lot of the expected spending through the next ten months.
New Industries Finding New Ways to Use Blockchain
The IDC report states that the financial sector will continue to
account for the lion’s share of the spending on blockchain technology
during 2019. The estimated figure here is $1.1 billion. This will come
from a variety of interests, including: banking, securities and
investment services, and insurers.
Another notable sector expected to be a part of the group of biggest blockchain spenders is that of manufacturing and resources.
These industries will reportedly account for $653 million combined.
They are also expected to see the largest growth in spending over the
entire five year period with a CAGR of 77.6%.
Coming close behind manufacturing and resources is the distribution
and services industries. Firms doing business in these industries are
expected to spend $642 billion on exploring and implementing blockchain
technology during 2019.
Blockchain technology is being explored by a range of industries.
According to IDC vice president of the Customer Insights and Analysis
programme, Jessica Goepfert, the technology is still very much in its
infancy and businesses are still at the phase of explosive innovation
when it comes to its implications:
“The use cases that comprise the blockchain opportunity are
developing as swiftly as the technologies enabling it. While spending
for more developed use cases in the financial sector like trade finance
and cross-border payments is still healthy and growing strong, relative
to six months ago we’ve seen an acceleration in spending across a
variety of other areas, such as energy settlements and warranty claims.â€
As part of the report, documenting the five year period between 2018
and 2022, the IDC states that it expects the total spent on blockchain
to reach $12.4 billion by the final year of the sample.
A director of research at Worldwide Blockchain Strategies, James
Webster, commented on the projected growth in spending on blockchain:
“Blockchain is maturing rapidly, and we have reached an inflection
point where implementations are moving quickly beyond the pilot and
proof of concept phase.â€
According to Webster, the figures gathered by the IDC reports will
give crucial insight into over the technology is being adopted by
different industries and where it is having the largest impact.
Posted by AGORACOM-JC
at 9:00 PM on Sunday, March 24th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
——————-
Blockchain Adoption Keeps Booming: China’s Alibaba Serious Partnership To Promote Blockchain Development
Chinese internet conglomerate Alibaba has signed a strategic with software development company Aerospace Information Co. to collaborate and leverage their expertise in cloud computing, smart industries, blockchain and more.
The 2 parties will be cooperating in several different ways.
China’s Securities Daily
publication notes how the two will work on such things as taxes and
finances for Small and Medium Enterprises (SMEs), and government
integration for innovative solutions for authorities:
In the field of fiscal and taxation,
the two sides will expand the application scenarios and explore and
develop innovative products for SMEs. In the field of government
affairs, we explore the integration and innovation of government
solutions around the “Internet + government servicesâ€. In the field of
blockchain, we will jointly provide cloud solutions to promote the
development of the blockchain industry. In the field of enterprise
market services, we will coordinate the implementation of credit
reporting services and smart mobile office services.
It’s clear that both companies are
focused on the long-term development of blockchain and its applications
in a a variety of industries.
The internet giant has an Alibaba Cloud Blockchain-as-a-Service (BaaS)
service which lets businesses build their own blockchain-based
platforms and manage deployment, maintenance and operation conveniently.
The service is based on Hyperledger Fabric.
The company has also made several other moves to promote blockchain technology, financing a variety show in which the use cases of blockchain technology were showcased.
China is very keen on digitizing its economy and building the smart cities of the future. The VeChain project has been associated with the Chinese nation to help in achieving this goal. Waltonchain has also partnered with Chinese entities with the intention of using blockchain technology to develop cleaner cities.
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.
——————-
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.â€
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.â€
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.â€
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.
Posted by AGORACOM-JC
at 8:58 AM on Tuesday, March 12th, 2019
Polymath formed a consortium in close collaboration with KABN (www.kabn.network),
Polymath is leading the effort to make it easier for organizations to create digital securities from traditional assets through partnerships and a community that supports a transparent and compliant process for issuers and investors
TORONTO & SAINT MICHAEL, Barbados & GIBRALTAR — Polymath (www.polymath.network), the global leader in software solutions that enable assets to be digitized, distributed, fractionally owned, and ultimately liquidated, has formed a consortium in close collaboration with KABN (www.kabn.network), a global financial services platform that has developed, among its suite of products, a patent pending, blockchain based, GDPR compliant, Always On, global identification and accreditation as a support service for investors and other types of contributors.
Polymath is leading the effort to make it easier for organizations to
create digital securities from traditional assets through partnerships
and a community that supports a transparent and compliant process for
issuers and investors. Through its extensive service provider network
with firms like KABN, Polymath provides security token issuers with
access to top quality service providers.
“Our solution supports the creation of digital securities from a wide range of traditional and non-traditional assets,†said Kevin North, CEO of Polymath.
“The intention of this partnership is to create a best practice model
for customers who need help with the full lifecycle of an STO (Security
Token Offering). In this model, the issuer would work with an integrated
network of providers who are committed to ensuring that offerings are
compliant with securities laws, rules, and regulations across multiple
jurisdictions and trading platforms, increasing the value proposition by
reducing the distance and friction between investors and issuers. To
date, the full STO path is not clear for most of our issuers, so we
formed this partnership with the intention of making this a less
daunting journey.â€
KABN will also be the first organization to launch its digital
securities offering using this process. More information about the KABN Security Token Offering can be found at: www.KABNtoken.com
“Working with Polymath, KABN supports the compliance requirements for digital securities with its Always On
solution providing a faster, better and more economical solution for
issuers and investors to validate and verify identity, KYC and AML, and
manage liquidity programs,†said Ben Kessler, CEO of KABN.
“KABN is also the first company to tokenize its company assets and
create digital securities with this process, proving the model and
paving the way for others to do the same in a manner that meets
jurisdictional securities rules and regulations and supports a value
proposition for stakeholders, the Blockchain community, issuers and
investors.â€
Polymath and KABN are receiving overwhelming support from the capital
markets and blockchain communities as it introduces the framework to
program partners to advance the creation of digital securities and make
it easier for issuers and investors to interact through decentralized
platforms globally.
Together with Pegasus Fintech (Gibraltar) Limited, a consultant
organization, a consortium of Professional Service providers, Broker
Dealers, Blockchain Developers, Exchanges, Authorized Agents and other
Solution Providers have committed to supporting this process and the
KABN Token offering. The initial parties committing their support to
this growing consortium include:
Polymath Network (Polymath) is a decentralized platform that makes it
easy to create security tokens. The platform simplifies the complex
technical challenges of creating a security token and aims to bring the
multi-trillion dollar financial securities market to the blockchain.
KABN, a integrated financial service platform offering neo banking
type solutions, has received approval by Visa to launch its
crypto-linked card and banking wallet program. KABN has partnered with
Transact Payments Ltd, a European e-money institution and Principal
Member of Visa, global processor GPS and platform technology provider
Panovate to launch the program in the UK and subsequently the EEA in the
2nd quarter of the year.
Branded the Pegasus Flyte Visa card, the KABN card program offers an
“on/off ramp†conversion process for a variety of cryptocurrencies to
fiat together with multi-currency fiat transactions. Cardholders will be
able to use their Pegasus Flyte Visa cards to spend in-store, online,
and at ATMs wherever Visa is accepted globally.
The Pegasus Flyte program will also offer a robust loyalty and
customer engagement platform. The anchor of the program is KABN ID, a
Blockchain and biometrically-based, “Always On†validation and
verification process. This patent-pending, GDPR compliant process allows
for efficient and frictionless customer acquisition and onboarding.
Pegasus Fintech is a full-service Blockchain, technology and
accelerator growth advisory that supports regulatory compliant programs
and offerings.
Forward-Looking Statements: Except for
historical matters contained herein, statements made in this press
release are forward-looking statements. Without limiting the generality
of the foregoing, words such as “mayâ€, “willâ€, “toâ€, “planâ€, “expectâ€,
“believeâ€, “anticipateâ€, “intendâ€, “couldâ€, “wouldâ€, “estimateâ€, or
“continueâ€, or the negative other variations thereof or comparable
terminology are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause our actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Also, forward-looking statements represent
our management’s beliefs and assumptions only as of the date hereof.
Except as required by law, we assume no obligation to update these
forward-looking statements publicly, or to update the reasons actual
results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in
the future.
Tags: Bitcoin, bloc, blockchain, code, hive, Polymath Posted in Blockchain stocks, KABN | Comments Off on Polymath and #KABN Announce Consortium to Accelerate the Creation, Distribution, and Management of Digital Securities Across Multiple Jurisdictions and Platforms $HIVE.ca $BLOC.ca $CODE.ca
