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3 Ways #Blockchain Is Already Delivering Real-world Results $IDK.ca $SX $SX.ca $SXOOF $AAO.ca $HPQ.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:39 AM on Tuesday, July 3rd, 2018
  • Most people are familiar with blockchain technology in relation to bitcoin and other cryptocurrencies
  • The two are inextricably linked in the minds of everyday people. It’s fair to say that the bitcoin market has flourished in recent years, with the price of bitcoin peaking at nearly US$20,000 in December 2017.

By Ben Beard

However, cryptocurrency is a volatile commodity as the recent US$17 billion market collapse illustrates all too well. The cryptocurrency market had seemed more stable in recent months, but it was the calm before the storm, and the hack of South Korea’s biggest cryptocurrency exchange triggered a huge market decline as investors sought to offload their crypto assets.

Bitcoin and other cryptocurrencies notwithstanding, blockchain is, nevertheless, an exciting technology. It has the power to change the world as we know it, in many exciting areas.

Distributed ledger technology is poised to change the world. Blockchain, as it’s better known, is being rolled out over numerous industries. Blockchain technology is scalable. It can be used to create a worldwide ledger, with data stored on thousands of servers. This information is accessible to everyone, in real-time. The blockchain is virtually incorruptible. Every single transaction is given a timestamp that can’t be altered. It’s already having an impact on industries where efficiency matters the most.

The following three sectors are where blockchain is already having a major ripple effect.

Logistics

Blockchain technology is changing the face of modern logistics. Fifty years ago, very few businesses traded on a global scale. Today, international trade is not just for Fortune 500 businesses. It’s now easier than ever to unlock your business’s global potential thanks to cloud technology, innovative fintech, and e-commerce solutions. Amazon (NASDAQ:AMZN) now has 340 million online buyers in Europe alone. It’s clear that trading online is more profitable than ever, but no matter what niche you are in, you have to take care of your bottom line.

This is where blockchain comes in. Blockchain makes the logistics of transporting goods from A to B more efficient. Existing technology can already track shipments, but this data is vulnerable to misinterpretation and tampering. Blockchain applications solve the problem of authenticity, adding a layer of accountability and trust to global logistics. Companies save money and customers enjoy a better service. It’s a win-win for everyone.

Healthcare

Healthcare is already benefitting from blockchain technology, especially in pharma and biotech, but it has the potential to do so much more. Healthcare generates a huge amount of data. There are approximately 325 million US citizens with medical records. Then we have medical research, assorted information, and a host of other data. It’s hard to keep track of all this data, so the system has become incredibly cluttered over the years.

Blockchain is changing the face of modern healthcare, by offering a safe and secure third-party mechanism for storing data. 86.9% of physicians now use electronic medical records, but the system is still fragmented, and mistakes cost lives. Blockchain has the potential to unify the EMR system, making data more accessible and easier to track across different platforms. The blockchain is also a solution to the problem of reconciliation and fraud within a bloated healthcare system. It’s impossible to alter data in the blockchain, which in the long-term, should save money and improve patient care.

Finance

Finance is probably the best-known application for blockchain technology since most people associate it with cryptocurrencies such as Bitcoin and Ethereum. However, bitcoin and blockchain are not the same thing. Bitcoin transactions are stored on the distributed ledger, but bitcoin blockchain is different to that used in other applications. However, whilst Bitcoin is still viewed with suspicion by governments and financial institutions, the underlying blockchain technology is being adapted to revolutionize the banking sector.

In 2016, Goldman Sachs estimated that blockchain technology could potentially save them $6 billion a year by 2020, by eliminating additional costs. They also predicted that blockchain would reduce the number of errors and fraudulent transactions, thus saving even more money.

Banks traditionally use secure databases for transactions. Banks need to establish a secure connection to send and receive money, which is time-consuming and expensive. Blockchain technology allows transactions to happen instantly, regardless of the location. Global payments are cleared within seconds, instead of days. IBM (NYSE:IBM) is already working in blockchain global payment solutions, so it’s only a matter of time before global currency transactions move on to the blockchain.

Blockchain technology is still in its infancy, so we have yet to see what distributed ledger tech is truly capable of.

Don’t forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Ben Beard, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in contributed article. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Source: https://investingnews.com/daily/tech-investing/blockchain-investing/blockchain-already-delivering-real-world-results/

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Microsoft $MSFT and EY Are Rolling Out #Blockchain Technology for #Xbox $SX $SX.ca $IDK.ca $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 3:47 PM on Friday, June 29th, 2018

It will expand to other products including Bing, MSN

4 hours ago

  • Microsoft and EY are partnering on a blockchain platform for publishing royalties.
  • If Microsoft and EY’s blockchain product is successful, it should shape the way video game developers, creators and publishers of all types earn money online

Last week, the companies debuted a content rights and royalties platform built on the blockchain, which will allow Microsoft and its partners to process millions of transactions in a faster and more reliable way.

Working with Microsoft and EY’s platform, publishers in music, gaming, television and other entertainment industries will someday be able to connect to the blockchain, where they can create and agree on business terms. When users buy content, those royalties are coded onto the blockchain based on the previously agreed upon conditions before the money is reviewed and distributed to the proper publishers. And it would all happen at a rapid pace. While it currently takes some businesses 45 days to translate clicks to money owed through a manual process, the blockchain program could process millions in a more automated fashion.

“Microsoft has an amazing experience if you buy a game on the Xbox,” Paul Brody, EY’s global innovation leader for Blockchain, said in an interview. “It’s pretty much a straightforward kind of click-and-buy activity for the end user.”

Behind the technology, however, is a lot of complexity, as there are thousands of different software vendors and publishing houses that have thousands of titles. These products are sold all around the world in different jurisdictions with all kinds of tax rules and different rules in the purchasing of contracts and payment agreements.

According to Brody, the system reduces the transaction cost for publishers by 99 percent and cuts Microsoft’s own operating costs in half.

“If you care about how your business is doing and you want to manage by how you’re actually driving the car and not looking 90 days back in the rear-view mirror, the value proposition is just incredibly compelling for the publishers,” he said.

The system is built on top of the Quorum blockchain, a blockchain protocol that has additional layers of privacy controls for enterprise businesses. The network is also built using Microsoft’s Azure Cloud.

For starters, the companies have partnered with Ubisoft and several other video game publishers to roll out the blockchain for Microsoft’s Xbox gaming console. However, if all goes well, that could later be rolled out to other Microsoft properties including hardware, Bing search and the Azure marketplace. It could also even work for movie royalties.

“All these contracts—content contracts, search contracts, the hardware, intellectual property contracts—all of these are already managed by my team,” said Rohit Amberker, director of royalties and content operations at Microsoft. “So we’ve started with the gaming portfolio, but we will be expanding this to Bing, MSN, Surface and many others … So any time you have this intellectual property licensing contracts, this will eventually support all of those businesses.”

The transaction process currently used by Microsoft and its partners is very “painful,” said Amberker. That’s partially because of how complex and slow it is—each transaction without the blockchain takes a minute to complete. And when you have millions of transactions, that time quickly ads up.

The plan is to first take the software to larger publishers, which can in turn do the same with game developers, who will then be able to work with audio and video artists whose intellectual property goes into the games.

This isn’t Microsoft’s first foray into the blockchain. In February, the company debuted a blockchain-powered identity management software to help consumers maintain control of their own personal data rather than entrusting it to third parties.

Microsoft and EY also aren’t the only companies seeking to make transactions more trustworthy and efficient using the blockchain. Last week, IBM and Mediaocean debuted a blockchain-enabled ad network for tracking advertising transactions.

Source: https://www.adweek.com/brand-marketing/microsoft-and-ey-are-rolling-out-blockchain-technology-for-xbox/

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5 Industries Likely to Be Disrupted by #Blockchain $SX $SX.ca $SXOOF $IDK.ca #Blockstation

Posted by AGORACOM-JC at 10:49 AM on Tuesday, June 19th, 2018
  • Bitcoin, has the unique ability to change the world
  • Blockchain is an open, distributed database of transactions
  • think of it as an unhackable digital accounting book – and it has endless possibilities for making everything we do more secure, efficient and quick

Cynthia Johnson

Guest Writer
Co-founder and CEO of Bell + Ivy, marketer, speaker and author

In 2018, everyone seems to have a Bitcoin story. Remember that guy you read about who became a millionaire overnight? But the Bitcoin story is much more significant than this. Blockchain, the technology underlying and enabling Bitcoin, has the unique ability to change the world. Blockchain is an open, distributed database of transactions — think of it as an unhackable digital accounting book – and it has endless possibilities for making everything we do more secure, efficient and quick.

1. Energy grids.

What if you could replace America’s ancient, crumbling energy grids with automatically executing, efficient, green and affordable energy systems that could withstand the ravages of hurricanes and other climate change-triggered extreme weather events? Blockchain offers a path to that future. Already, in Brooklyn and in neighborhoods around the country, innovators are experimenting with blockchain-enabled smart grids that allow anyone with a solar panel to buy and sell energy, executed using automated “smart contracts” based on data gathered through smart meters installed in homes. All transactions all verified and secured by blockchain, and no middleman utility company is needed — cutting prices and increasing efficiency.

2. Real estate.

Anyone who’s ever purchased a home knows how many steps — and how much of a headache — that process entails. But blockchain offers the potential for doing the whole thing online, securely, and all at once. Sellers could securely transfer over the title and deed, while buyers would send money via cryptocurrency. Blockchain would also provide a way to send property records to the appropriate government agencies. I asked Rawad Rifai, cofounder of Taurus0x, exactly how blockchain applications impact real estate, and he responded, “Blockchain’s applications in real estate speak to the heart of the technology, its unparalleled and revolutionary potential to conduct instantaneous and completely secure transactions,” said Rifai. “There’s no reason this could not be expanded to retail, entertainment, tourism or any of our day-to-day transactions.”

Related: How Blockchain Will Help Small Businesses Challenge Even the Largest Rivals

3. Healthcare.

Blockchain could create a future in which all our health data — doctor visit records, prescriptions, emergency room visits, shots, X-rays and insurance data — is secured and can be easily shared from doctor to doctor. Nearly everyone changes doctors throughout their lifetime. Imagine having a seamless network of secured records that would ensure that your information travels with you, from birth to end of life.

This system could also save your life. Emergency room doctors could be authorized to access your information about allergies, blood type, and even genetic information, to make informed decisions about your care if you were incapacitated and unable to communicate. This system could also be revolutionary in improving health outcomes in developing countries that do not currently have a centralized or digitized health record database. Earlier this year, five healthcare groups started a pilot program surrounding blockchain and its uses in healthcare.

4. Transportation.

Blockchain could create the potential for the Internet of Things–enabled smart cities. Street signs, traffic lights, cars and other moving and static objects would be embedded with sensors, which would collect and send data to a system that would reroute buses, trams, emergency vehicles and other municipal vehicles to find the quickest routes and avoid traffic. The end result? Less congestion, faster commutes and lower carbon emissions. Blockchain-secured sensor data could also help drivers find open parking spots or charging terminals, pay traffic tickets, and report car crashes or maintenance issues.

Related: 12 Startups Utilizing Blockchain Technology in New Ways

5. Education.

As demand for MOOCs and distance education grows, we need a better system to verify graduates’ educational records. Blockchain could essentially act as a notary, ensuring that people can’t forge diplomas and fool prospective employers. Transcripts, diplomas and certificates could all be secured and stored by blockchain and could be easily sent out to employers and other academic institutions. This would help boost the credentials and reputation of nontraditional educational organizations, and help employers ensure they are hiring the right person for the job.

Many industries will feel the positive impact of blockchain. Some will move faster than others, but many industries will eventually need blockchain. The future is wide open, and the opportunities are endless. The most difficult part about blockchain won’t be growth; it will be human adaptation and the ability to hire great tech talent for these new companies.

Source: https://www.entrepreneur.com/article/314548

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Swiss City Plans #Blockchain Voting Pilot Using #Ethereum-Based IDs $SX $SX.ca $SXOOF $IDK.ca $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 11:20 AM on Monday, June 11th, 2018
  • Swiss city of Zug, known for its proactive support of the blockchain industry
  • launching a voting pilot that will base both polling system and residents’ IDs on blockchain technology
  • e-voting pilot, which will take place between June 25 and July 1,
    • developed as part of the city’s efforts to adopt more blockchain applications and will tie in with a digital identity trial currently underway
Jun 11, 2018 at 12:00 UTC

The Swiss city of Zug, known for its proactive support of the blockchain industry, is launching a voting pilot that will base both polling system and residents’ IDs on blockchain technology.

The e-voting pilot, which will take place between June 25 and July 1, has been developed as part of the city’s efforts to adopt more blockchain applications and will tie in with a digital identity trial currently underway, the city government said in an announcement on Friday.

In July 2017, the city announced plans to launch an ethereum-based application called “uPort” to digitize local residents’ ID information. The pilot phase got started in November and now has over 200 residents signed up for the new service, according to the announcement.

By using their digital ID, local residents will be able to cast votes in the one-off blockchain polling pilot, though the city government indicated that the vote is a “consultative test” and the results will not be binding.

The primary goal of the trial, it added, is to the review the security aspects of the polling system, examining whether the platform is able to achieve “immutability, testability and traceability” while maintaining voters’ privacy.

The use case for blockchain in voting systems – with its potential to remove election fraud and provide immutable records – is one that has seen notable interest both from authorities at various levels of government, as well as within finance.

Nasdaq announced in November it was developing an electronic shareholder voting system based on blockchain for the South African capital markets, while Santander used the tech for shareholder voting at its annul AGM in May – possibly a world first.

Over in Russia, Moscow’s municipal government announced in March that it was extending its use of a blockchain-based voting platform to the city block level. The Digital Home service allows neighbors in high rises to electronically vote and communicate on issues to do with building maintenance and management.

And, in the same month, the U.S. state of West Virginia launched a voting pilot project for absentee voters in the military by using a mobile application powered by blockchain technology, while Sierra Leone also notably piloted the tech in a presidential election.

Source: https://www.coindesk.com/swiss-city-plans-to-vote-on-blockchain-using-ethereum-digital-id/

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Major bank CEOs say #blockchain will underpin the financial industry ‘in five years’ $SX $SX.ca $SXOOF $IDK.ca $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 11:28 AM on Monday, June 4th, 2018
  • Banks have invested millions in developing blockchain applications in recent years, as part of a broader industry effort to try to cut costs and simplify their back-office processes.
  • Rather than a centralized system, blockchain allows multiple parties to have simultaneous access to a constantly updated ledger that cannot be changed.
  • “We believe there is huge promise in blockchain. It is early times in this technology but it can bring about more efficient processes,” Carlos Torres Vila, CEO of BBVA, told CNBC on Monday

Sam Meredith | @smeredith19

Apple, Facebook and other big tech can be a threat — or a partner: ING CEO   7 Hours Ago | 02:48

Blockchain technology could soon revolutionize the global banking industry, according to the chief executives of two major European lenders.

Banks have invested millions in developing blockchain applications in recent years, as part of a broader industry effort to try to cut costs and simplify their back-office processes. The technology, which is perhaps better known as the software powering cryptocurrencies such as bitcoin, was initially treated with skepticism by international lenders.

However, the use of blockchain in the banking industry is increasingly viewed as a proficient way of reducing the risk of fraud, with some banks now hailing its potential.

“So, if you look at blockchain… I think the banks are really working on this now because the potential is so huge and if the top five, six global banks would put their minds to it and agree on a standard, you could force (that) standard onto the globe,” Ralph Hamers, chief executive of ING Group, told CNBC’S Arjun Kharpal at the Money 2020 fintech conference in Amsterdam on Monday.

“And I think that you can actually then get to a timeframe of five or six years in which this will work,” he added.

‘Huge promise’

Rather than a centralized system, blockchain allows multiple parties to have simultaneous access to a constantly updated ledger that cannot be changed. That makes cheating the system by faking documents, transactions or any types of information, nearly impossible.

Fascinating to see crossborder M&A in European banking back on center stage: BBVA   4 Hours Ago | 02:56

“We believe there is huge promise in blockchain. It is early times in this technology but it can bring about more efficient processes,” Carlos Torres Vila, CEO of BBVA, told CNBC on Monday.

When asked whether he was as optimistic as ING’s Hamers in predicting that blockchain technology could be rolled out throughout the industry over the next five years, Torres Vila replied: “I am, I think it does have that promise and I think that timeframe should be about right… but we will see how it develops.”

Source: https://www.cnbc.com/2018/06/04/major-bank-ceos-say-blockchain-will-underpin-the-financial-industry-in-five-years.html

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The #blockchain explained for non-engineers $SX.ca $SXOOF $IDK.ca $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 3:27 PM on Friday, June 1st, 2018
  • Blockchain buzz is inescapable
  • While the technology has transformed some companies and minted fresh millionaires in a dazzlingly short period of time,
    • blockchain is as confounding as it is powerful
  • If you’re confused by the hype, you’re not alone

What is blockchain? Is blockchain tech limited to Bitcoin? What is blockchain’s relationship to cryptocurrency? What are blockchain-related jobs? We answer these questions about blockchain and more.

By Dan Patterson | June 1, 2018 — 15:01 GMT (08:01 PDT) | Topic: How Blockchain Will Disrupt Business

Blockchain buzz is inescapable. And while the technology has transformed some companies and minted fresh millionaires in a dazzlingly short period of time, blockchain is as confounding as it is powerful. If you’re confused by the hype, you’re not alone.

This ebook, based on the latest ZDNet/TechRepublic special feature, looks at how blockchain is shaking up the economy and changing the way individuals and enterprises conduct business.

The blockchain is a decentralized, vettable, and secure technology that has, in less than a decade, become a powerful driver of digital transformation poised to help create a new employment economy. Evangelists claim blockchain tech will disrupt industrial supply chains, streamline real estate transactions, and even redefine the media industry. “Think of blockchain as the next layer of the internet,” said Tom Bollich, CTO of MadHive. “HTTP gave us websites … now we have blockchain, which is like a new layer of computing.”

SEE: The executive’s guide to implementing blockchain technology (PDF) (TechRepublic)

Employment data seems to validate blockchain’s current hype cycle. Google search data indicates a cresting wave of interest in the tech, and according to Indeed.com searches for blockchain-related jobs spiked nearly 1000 percent since 2015. Enterprise organizations like Capital One, Deloitte, ESPN, and eBay are hiring blockchain engineers, retraining project managers to facilitate integrations, and even searching for specialized attorneys.

Image: Google Search Trends

But while the technology’s applications seem nearly limitless, understanding how the blockchain works and why it’s important is challenging, even for technology and IT professionals. The blockchain is, fundamentally, an ever-expanding database. Just like a bank record, every transaction is logged and then made available to the public. The database relies on a novel method of encryption, allowing developers to verify the authenticity of each transaction.

The database is strengthened with each transaction, so to incentivize so-called ‘miners’ — individuals or organizations that use powerful GPUs to solve algorithmic challenges — each chain releases a digital ‘coin’, commonly referred to as cryptocurrency. The Bitcoin blockchain releases nodes — or, blocks — of transaction data every 8 to 10 minutes. Miners receive a portion of a coin for their effort, and the chain’s encryption is strengthened. Because the code is open and viewable by anyone with a computer, blockchain tech is often referred to as a ‘public ledger’ of activity.

Although most often associated with Bitcoin, the blockchain can be stamped with a vast spectrum of data, said Bollich’s co-founder and Riot Blockchain’s CEO John O’Rourke in an interview with TechRepublic. “It’s basically basing your faith in math [as opposed to] faith in some other trusted party that could potentially be hacked,” he said. “The blockchain allows all of that [activity] to be digitized, and secured with every single transaction on that ledger.”

Image: Satoshi NakamotoDigital currency is attractive to some because the coins are algorithmically dispensed and not controlled by a government. In the latter half of 2017 and first half of 2018 initial coin offerings — ICOs — raised billions in speculative funding.

SEE: What is blockchain? Understanding the technology and the revolution (PDF) (TechRepublic)

However, a wise man once said, “Don’t believe the hype.” When it comes to cryptocurrency and blockchain hype, we should all learn from Flavor Flav’s immutable wisdom. It’s nearly impossible to accurately value cryptocurrency. Some currencies are easy to hack. Most coins falter or never gain market traction, and established coins like Bitcoin and Ether often fluctuate wildly in price. Government regulation seems inevitable, and the SEC is cracking down on fraudulent traders.

Analysts at research firm Gartner, though still bullish on the long-term future of blockchain tech, are quick to caution that enterprise integration is not as easy as the hype might imply. According to a recent report, 14 percent of CSOs expressed concern that the technology will require significant organizational and cultural changes of the IT department. Another 77 percent of CIOs said their organization has no short-term interest in blockchain technology.

Alex Feinberg, a former Google exec and COO of Petram Security, remains confident in the long-term future of blockchain tech. Blockchain startups are on the rise, he noted, and the employment landscape is rosy for talented programmers and integration experts.

“As I started understanding what investment banks did and as I started understanding how the banking system was constructed, and as I understood how money was created,” Feinberg said, “it became apparent to me that the US government, the US banking system was in a bind.” The solution, he said, was decentralization. And the technological key to innovative decentralization? “The blockchain.”

Source: https://www.zdnet.com/article/the-blockchain-explained-for-non-engineers/

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St-Georges Eco-Mining $SX.ca $SXOOF Signs Agreement to Spin-Out Subsidiary #ZeU $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:50 AM on Thursday, May 31st, 2018

Sx large

  • Announced the signing of an arrangement agreement providing for the spin-out of its subsidiary ZeU Crypto Networks Inc
  • Intend to list ZeU on the Canadian Securities Exchange
  • Shareholders will receive 11,249,825 shares of Zeu,
    • representing one share of ZeU for every eight common shares of St-Georges held

Montreal, QC / May 31, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce the signing of an arrangement agreement providing for the spin-out of its subsidiary ZeU Crypto Networks Inc. with the intent of listing ZeU on the Canadian Securities Exchange.

Under the terms of the Arrangement Agreement, shareholders of St-Georges at the time of the completion of the Spin-Out, anticipated to be the latter part of July, will receive 11,249,825 shares of Zeu, representing one (1) share of ZeU for every eight (8) common shares of St-Georges held based on the current issued and outstanding share capital. A St-Georges Shareholders’ meeting to approve the Arrangement Agreement is set for July 5, 2018 and proxy materials related to the meeting will be delivered to shareholders and made available on SEDAR in June 2018. A copy of the Arrangement Agreement will also be filed on SEDAR. The Arrangement Agreement is subject to the acceptance of the CSE.

ZeU holds an exclusive license to use Qingdao Tiande Technologies Limited and Beijing Tiande Technologies Limited’s (collectively “Tiande”) proprietary technologies, patents and know-how to develop and commercialize novel mineral commodity production chain control, tracking and trading exchanges, and has entered into a binding asset purchase agreement with Tiande, and the intervention Guiyang Tiande Technologies Limited, to acquire substantially all the intellectual property of Tiande, as more particularly described in St-Georges February 26 and May 22, 2018 press releases.

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.

The release contains forwarding looking information and statements as defined by law including, without limitation, Canadian securities laws and the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995 (“forward-looking statements”), respecting St-Georges’ plans to spin-out its subsidiary ZeU. which is intended to be listed on the Canadian Securities Exchange. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by the forward-looking statements including that the spin-out may not be completed as planned or at all due to failure to obtain shareholder or regulatory approval ,the inability to complete the Acquisition, raise sufficient capital to adequately fund ZeU or a decision of the board of St-Georges not to proceed, which decision can be made at any time prior to closing. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and a number of assumptions that may prove to be incorrect, including, without limitation, assumptions about general business and economic conditions, the timing and receipt of required approval and continued availability of capital and financing. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein. The foregoing list is not exhaustive and St-Georges undertakes no obligation to update any of the foregoing except as required by law.

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Forget #Bitcoin: #Blockchain is the Future $SX $SX.ca $SXOOF $IDK.ca $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 11:52 AM on Tuesday, May 29th, 2018
By Nathan Reiff | May 27, 2018 — 5:55 AM EDT

Cryptocurrencies of all types make use of distributed ledger technology known as blockchain. Blockchains act as decentralized systems for recording and documenting transactions that take place involving a particular digital currency. Put simply, blockchain is a transaction ledger that maintains identical copies across each member computer within a network.

Any party is able to both review previous entries and record new ones, although most blockchain networks have complex rules for the addition of new groups of records, “blocks,” to the chain of previous records. The blocks and the contents within them are protected by powerful cryptography, which insures that previous transactions within the network cannot be either forged or destroyed. In this way, blockchain technology allows a digital currency to maintain a trusted transaction network without relying on a central authority. It is for this reason that digital currencies are thought of as “decentralized.” (See also: How Does Blockchain Work?)

While blockchain is most famous for its role in facilitating the rise of digital currencies over the past several years, there are also many other non-cryptocurrency uses for this technology. Indeed, some blockchain proponents believe that the technology could far outpace cryptocurrencies themselves in terms of its overall impact, and that the real potential of blockchain is only just now being discovered. As such, it’s likely that financial advisors and many others in the investing world will encounter blockchain technology much more in the years to come, whether it is linked with a specific cryptocurrency or if it’s being utilized in any number of other applications. Below, we’ll explore some of the most exciting and popular use cases likely to bring blockchain further into the world of mainstream business and finance.

Cross-Border Payments

Traditionally, the transfer of value has been both expensive and slow, according to a report by Deloitte, and especially for payments taking place across international borders. One reason for this is that, when multiple currencies are involved, the transfer process typically requires multiple banks in multiple locations before the intended recipient can actually collect his or her money. There are existing services to help facilitate this process in a faster way, but these tend to by quite expensive.

Blockchain technology has the potential to provide a much faster and cheaper alternative to traditional cross-border payments methods. Indeed, while typical money remittance costs might be as high as 20% of the transfer amount, blockchain may allow for costs as low as 2%, as well as guaranteed and real-time transaction processing speeds. There are hurdles to be passed, including regulation of cryptocurrencies in different parts of the world and security concerns. Nonetheless, this is one of the most promising and talked about areas of blockchain technology application. (For more, see: Bitcoin’s Most Profitable Use: the $600 Billion Overseas Remittance Business?)

Smart Contracts

Smart contracts are often seen as a highly powerful application of blockchain technology. These contracts are actually computer programs that can oversee all aspects of an agreement, from facilitation to execution. When conditions are met, smart contracts can be entirely self-executing and self-enforcing. For proponents of smart contracts, these tools provide a more secure, more automated alternative to traditional contract law, as well as an application that is faster and cheaper than traditional methods.

The potential applications of smart contract technology are essentially limitless and could extend to almost any field of business in which contract law would normally apply. Of course, while highly touted, smart contracts are not a magical substitute for old-fashioned diligence. In fact, the case of the Decentralized Autonomous Organization (DAO) is a cautionary tale and a warning to investors to not assume that smart contracts are any better than the information and organization that a user puts into them. Nonetheless, smart contracts remain one of the most exciting ways that blockchain technology has already extended beyond the cryptocurrency space and into the broader business world. (See also: Understanding Smart Contracts.)

Identity Management

One of the most problematic results of the internet age has been identity security. As diligent as many individuals and organizations are in maintaining their online identities and securing private information, there are always nefarious actors looking to steal and profit off of these digital items. Blockchain technology has already demonstrated the potential for transforming the way that online identity management takes place.

Blockchain offers a tremendous level of security, thanks to independent verification processes that take place throughout member computers on a blockchain network. In digital currency cases, this verification is used to approve transactions before they are added to the chain. This mechanism could just as easily be applied to other types of verification procedures, including identity verification and many other applications as well.

At this point, blockchain is a technology with an exceptionally broad set of potential uses. Although blockchain is most famous for its connections to the blossoming cryptocurrency world, several other applications have already been explored. Perhaps even more exciting, though, is that new ways of utilizing blockchain emerge every day. As such, whether you are directly involved in the digital currency space or not, it’s essential to develop an understanding of blockchain and how it may be used to transform the business and investment worlds. (For additional reading, check out: All About Amazon’s New Blockchain Service.)

Read more: Forget Bitcoin: Blockchain is the Future | Investopedia https://www.investopedia.com/tech/forget-bitcoin-blockchain-future/#ixzz5GtuZEx4l

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HTC’s new phone is all about the #blockchain $SX $SX.ca $IDK.ca #Blockstation $AAO.ca $HPQ.ca

Posted by AGORACOM-JC at 10:25 AM on Wednesday, May 16th, 2018

  • There’s no doubt about it: “Blockchain” is the biggest tech buzzword of today, the equivalent of “web 2.0” at its heyday a decade ago, and naturally, everyone wants in.
  • Latest company to join the blockchain party is HTC, who has announced the HTC Exodus, a smartphone that fully embraces blockchain technology

Blockchain is a crucial technology that underlies Bitcoin. It’s a decentralized, cryptographically secured database that’s near-impossible to tamper with, which makes it great for securely storing financial transactions data. But after Ethereum expanded on Bitcoin’s original idea, letting anyone run fully fledged apps on the blockchain, we’ve seen everyone jump on the bandwagon, from photography companies to burger chains.

So is HTC just riding the hype without much substance? Not necessarily.

On a teaser website, HTC says the phone will be “dedicated to decentralized applications and security.” The company lists several ways in which the Exodus phone will do this: For example, it will support decentralized applications (Dapps) and it will have a hardware element that will connect to cryptocurrency wallets. Both of these are doable: There’s already a phone called Sikur that focuses on security and has a built-in cryptocurrency wallet, and Sirin labs has announced its cryptocurrency-oriented Finney phone in May.

HTC also claims that every Exodus phone will be a node — a vital part of Bitcoin and Ethereum’s architecture, which broadcasts messages across the network. “We want to double and triple the number of nodes of Ethereum and Bitcoin,” HTC’s site says. The idea is interesting, but running a node eats up processing power, storage and bandwidth. It’s already possible to run a Bitcoin or an Ethereum node on a smartphone, but optimizing this for the mass market is not trivial.

There’s no word on the phone’s specs, though things like camera performance would likely be secondary to the phone’s utility as a blockchain-friendly device.

For this project, HTC has assembled a team led by Phil Chen, who was one of the architects behind the Barnes & Noble Nook, as well as a long-time product manager at HTC.

There’s no word on the price, either, but you can already reserve the phone by giving up your email, here.

Source: https://mashable.com/2018/05/16/htc-exodus/#0KD87U04piq2

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#Blockchain As An Application Platform $SX $SX.ca $IDK.ca #Blockstation $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:30 AM on Monday, May 7th, 2018
  • Many business use cases can be improved and/or solved by using distributed ledger technology
  • Can be used in many cases where trust services are needed by business applications
  • Can be utilized by using blockchain technology as an application platform to build the underlying trust infrastructure of the system

Issam (Sam) Andoni

Seasoned technologist and recognized expert in the field of IDM, Security and Access Management, and the use of PKI technology.

 Issam (Sam) Andoni , Forbes Councils

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Many business use cases can be improved and/or solved by using distributed ledger technology. It can be used in many cases where trust services are needed by business applications. This can be utilized by using blockchain technology as an application platform to build the underlying trust infrastructure of the system.

Although Bitcoin, the first real implementation of blockchain, is a decentralized currency and payment system, the underlying constructs that form the basis of the system do not have to be limited to payment transactions, accounts, balances or users. Instead, blockchain technology in Bitcoin is nothing more than transactions secured and executed by a scripting language using cryptographic methods. This means that blockchain is a platform with a scripting language that can solve many use cases other than just cryptocurrencies.

This property of blockchain led to smart contracts, an innovation presented by the cryptocurrency known as Ethereum. In the case of Ethereum, developers can create private cryptocurrencies and contract-based applications using a Turing-complete language, which allows businesses to use this language to set their own rules and policies in such applications.

The distributed ledger technology used in blockchain offers multiple benefits to businesses that make a difference when implementing a solution that requires a high degree of trust for business transactions. Using the technology offers the possibility to reduce costs and offers the opportunity for businesses to build and maintain an infrastructure that delivers capabilities at lower expenses than traditional centralized models.

Blockchain can process transactions faster because it doesn’t use a centralized infrastructure. Although there is no system totally secure from cyberattacks, the distributed nature of blockchain provides an unprecedented level of trust. The unchangeable property of blockchain and its public availability among its users, whether in a public ledger or a private one, provides transparency. Any user of the system can query transactions on a real-time basis.

Blockchain For Cryptocurrency

Bitcoin was the first implementation of a cryptocurrency based on distributed ledger technology. It was invented in 2009. and since then, it has been gaining popularity and traction by business owners seeking a distributed trust model. The Bitcoin consensus algorithm is based on proof of work (PoW). In PoW, transactions are collected into blocks by miners and added to the blockchain only if the miner can solve a cryptographic challenge that requires much computational power to be solved. The cryptographic challenge can only be solved by guessing, ensuring neutrality.

Other forms of proofs have been invented and incorporated into other solutions, such as the proof of stake in Ethereum and proof of elapsed time introduced by Intel.

Bitcoin and blockchain solved a very old digital currency problem that many other digital currencies tried to solve in the past known as the double spending problem. Double spending means spending the same digital currency twice, and Bitcoin solved this by ensuring distributed consensus.

Another cryptocurrency benefit that blockchain technology provides is that transfers can cross national boundaries in seconds, with minimum fees, and without going through third-party entities such as banks.

Read entire article here: https://www.forbes.com/sites/forbestechcouncil/2018/05/07/blockchain-as-an-application-platform/#e679c405576e

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