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Tetra Bio-Pharma’s $TBP.ca Evidence-Based Business Model Confirmed $AERO $CBDS $CGRW $APH.ca $GBLX

Posted by AGORACOM-JC at 9:13 AM on Friday, June 29th, 2018

Logo tetrabiopharma rgb web

  • Announced that the amendment of the Prescription Drug List (PDL) to include phyto-cannabinoids supports its evidence-based business model.
  • Since early 2016 Tetra’s product development and commercialization strategy followed the exact same pathway as that used in the development of prescription drugs, namely rigorous, independently validated scientific evidence

Tetra Bio-Pharma provides extension to North Bud Farms

ORLEANS, Ontario, June 29, 2018 – Tetra Bio-Pharma Inc., a leader in cannabinoid-based drug discovery and development (TSX VENTURE:TBP) (OTCQB:TBPMF), today announced that the amendment of the Prescription Drug List (PDL) to include phyto-cannabinoids supports its evidence-based business model.  Since early 2016 Tetra’s product development and commercialization strategy followed the exact same pathway as that used in the development of prescription drugs, namely rigorous, independently validated scientific evidence. As a biopharmaceutical company, Tetra’s orientation is to bring cannabis and cannabinoid-based products to market that meet the regulatory quality, safety and efficacy requirements for prescription medications.

Health Canada recently issued a Notice of Intent to Amend the PDL to add phytocannabinoids produced by, or found in, the cannabis plant and substances that are duplicates of such phytocannabinoids. In 2017, Tetra completed a major safety, pharmacokinetic and pharmacodynamic study in healthy human subjects that allowed Tetra to collect significant data to support its marketing applications. A similar clinical development program was launched with cannabis oils in preparation for the upcoming post-legalization market.  The combination of safety, pharmacokinetic and efficacy data allows Tetra to bring products to market under the proposed new regulatory framework.  Tetra Bio-Pharma is one of a few cannabinoid based companies that is committed to providing much needed clinical data for both its pharmaceutical and natural health products.

Over the coming months Tetra Bio-Pharma will deliver its findings in a series of presentations and scientific articles that will be published in 2018 to share the clinical data of both the inhalation and oral clinical development programs with the medical community,  beginning with the July 4, 2018 International Cannabinoid Research Society Meeting in the Netherlands where Dr. Maria-Fernanda Arboleda, MD, will present the results of the above clinical trial. http://www.icrs.co/SYMPOSIUM.2018/ICRS2018.PRELIMINARY.PROGRAMME.pdf ).  Tetra is a Gold Sponsor of this prestigious congress.

Update on North Bud Farms Inc.

Tetra Bio-Pharma has agreed to provide an extension to North Bud Farms Inc. with regards to the receipt of North Bud’s preliminary and final prospectus.  As one of the closing conditions to the sale these documents must now be submitted by July 31, 2018.

About Tetra Bio-Pharma

Tetra Bio-Pharma (TSX-V:TBP) (OTCQB:TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and development with a Health Canada approved, and FDA reviewed, clinical program aimed at bringing novel prescription drugs and treatments to patients and their healthcare providers. The Company has several subsidiaries engaged in the development of an advanced and growing pipeline of Bio Pharmaceuticals, Natural Health and Veterinary Products containing cannabis and other medicinal plant-based elements. With patients at the core of what we do, Tetra Bio-Pharma is focused on providing rigorous scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators, physicians and insurance companies.

More information at: www.tetrabiopharma.com

Source: Tetra Bio-Pharma

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research and development strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. While no definitive documentation has yet been signed by the parties and there is no certainty that such documentation will be signed. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

For further information, please contact Tetra Bio-Pharma Inc.

Robert (Bob) Bechard
Executive Vice President, Corporate Development and Licensing
514-817-2514

Media Contact:
energi PR
Carol Levine Stephanie Engel
514-288-8500 ext. 226 416-425-9143 ext. 209

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#Lithium demand from battery makers to almost double by 2027 $NAM.ca $LIC.ca $LIX.ca

Posted by AGORACOM-JC at 12:01 PM on Thursday, June 28th, 2018
  • Outlook for lithium continues to shine, with demand from companies that produce batteries to power electric cars, laptops and other high-tech devices, expected to increase 650% by 2027
  • Overall lithium demand forecast to rise more than threefold over that period, a new study shows

Cecilia Jamasmie

The outlook for lithium continues to shine, with demand from companies that produce batteries to power electric cars, laptops and other high-tech devices, expected to increase 650% by 2027, with overall lithium demand forecast to rise more than threefold over that period, a new study shows.

While the next nine years will drain less than 1% of the reserves in the ground, battery makers will need more lithium to support their production, which will boost demand for the key metal almost 16% to reach 1 million tonnes, according to Roskill’s 15th edition market outlook report.

Expected supply, however, is far from the astronomical figure forecast by the research firm, with Canada’s Bank of Montreal expecting between 80,000 and 91,500 tonnes of lithium coming from mines by 2025. And BMO’s numbers include recently up-sized expansion plans by the market leaders, Chile’s SQM, China’s Tianqi Lithium, Albemarle and FMC, as well as Nemaska Lithium’s plans to build a spodumene mine in northwestern Quebec, Canada.

Wave of much-needed spodumene based supply coming online. (Source: BMO Capital Markets, companies reports.)

Roskill estimates that demand from lithium-ion battery manufacturers will grow from 46% last year to 83% by 2027. Use of lithium hydroxide, in turn, is also forecast to become more prevalent, increasing from 25% of lithium compounds used in rechargeable batteries in 2021 to 55% by 2027.

The analysts expect the market for battery-grade lithium compounds to remain tight, however, as installing new battery grade capacity has proven complex and forecast demand growth is greatest for these products.

In terms of lithium prices, they are expected to peak in 2018, as greater supply availability of mined and refined lithium will enter the market in coming years, causing prices to briefly fall back in 2019, with a floor of $11,000/t battery grade lithium carbonate, Roskill says.

Beyond 2021, the research firm expects lithium prices to rise  above 2018 levels again, as continued demand growth for battery grade lithium compounds will apply greater demand-side pressure on prices.

Source: http://www.mining.com/lithium-demand-battery-makers-almost-double-2027/

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Namaste $N.ca $NXTTF Announces Intention to Commence a Normal Course Issuer Bid to Repurchase Up to 10% of its Public Float and Provides a Corporate Update Including Incoming CFO, New Board Director and Consultants $ACB.ca $HIP.ca $WEED.ca $CMED.ca

Posted by AGORACOM-JC at 8:48 AM on Thursday, June 28th, 2018

  • Subject to regulatory approval, it intends to commence a normal course issuer bid 
  • The Company intends to purchase up to 25,308,136 common shares, representing approximately 8.9% of the Company’s issued and outstanding common shares and 10% of the Company’s “public float”

VANCOUVER, June 28, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce that, subject to regulatory approval, it intends to commence a normal course issuer bid (“NCIB”). The Company intends to purchase up to 25,308,136 common shares, representing approximately 8.9% of the Company’s issued and outstanding common shares and 10% of the Company’s “public float” (as such term is defined in the TSX-V Corporation Finance Manual).

The Company is in the process of appointing Canaccord Genuity Inc. as its broker to conduct the NCIB on its behalf. The NCIB will commence three business days following the TSX-V’s acceptance of the Company’s Notice of Intention to commence the NCIB.

All purchases will be made through the facilities of the TSX-V at market prices and otherwise in accordance with the rules and policies of the TSX-V. All common shares acquired by the Company under the NCIB are being purchased for cancellation.

Namaste’s board of directors believes that, from time to time, the market price of the common shares does not adequately reflect the Company’s underlying value and future prospects and that, at such times, the purchase of the common shares represents an appropriate use of the Company’s financial resources and will enhance shareholder value.

In addition to the NCIB, the Company is pleased to announce the appointment of Kenneth Ngo as the Company’s CFO and the appointment of Fern Glowinsky, president of Merrco Payments Inc. (“Merrco”) to the Company’s board of directors. Namaste has also engaged advisory consultants including Tim Henley and Dr. Paul Neider (DVM) who are focused on launching CBD production for both human and pet consumption in Namaste’s international markets. Additionally, the Company’s board of directors has approved new stock options grants in accordance with the Company’s stock option plan.

CFO Appointment

The Company is also pleased to announce the appointment of Kenneth Ngo as Namaste’s CFO. Kenneth Ngo joined Namaste Technologies Inc. as a corporate controller in April 2018.  He has more than 20 years of experience in finance and has held positions of increasing responsibility in a number of US and Canadian publicly traded companies.  He received his Chartered Accountant designation while working for Deloitte LLP.  Mr. Ngo is a graduate of Simon Fraser University in British Columbia, with a Bachelor of Business Administration degree. He is a member of the Chartered Professional Accountants of Ontario and a U.S. Certified Public Accountant in the state of Colorado.

Mr. Ngo, Namaste CFO comments: “I’m thrilled to being part of an exciting journey. Namaste is a true visionary of technology platforms that is well positioned for significant growth.”

Subsequently, Mr. Philip Van der Berg has submitted his resignation as Namaste CFO and the Company would like to take the opportunity to thank him for his service and wish him best of luck on his future endeavors.

Board Appointment

The Company is pleased to announce the appointment of Fern Glowinsky, CEO of Merrco to its board of directors. Namaste has been a client of Merrco for several years and is proud to have their CEO join the board. Fern Glowinsky joined Merrco in March 2018 following its acquisition of Payfirma Corporation. Merrco and Payfirma are committed to helping established and emerging businesses thrive through access to payments technology. Ms. Glowinsky has extensive payments sector experience, spending 15 years as a senior executive at Moneris, most recently as COO with accountability for enterprise operations, passionately focused on transforming customer experience. In 2016 Ms. Glowinsky joined Cliffside Capital as CEO and Director, managing its investments in the alternative lending sector. Ms. Glowinsky is a graduate of the joint MBA/JD program at Schulich School of Business and Osgoode Hall Law School and holds the ICD.D designation.

Fern Glowinsky, comments: “With Merrco’s dedication to enabling payments in the cannabis sector, I’m extremely excited to be joining Namaste’s board and partnering with Sean, his team and the rest of the board as Namaste continues its mission of innovating cannabis technology solutions globally, while delivering a better user experience.”

Advisory Consultants

Subject to TSX-V approval, Namaste is planning on launching the sale of CBD products in international markets, particularly in the under-serviced markets in the UK and EU and has been working hard to develop new sales channels. As such, Namaste has engaged two consultants, Tim Henley and Dr. Paul Neider who provide valuable resources that will have a direct impact on the success of such endeavors. These two appointments will help Namaste in launching CBD products for both human consumption and for animal applications, as Dr. Neider is a doctor of veterinary medicine and supporter of CBD use to support the well-being of pets and animals.

Tim Henley has spent the last 3 years researching and studying the Cannabinoid space and trends. His research in CBD (Cannabidiol) lead him to become a Director of the UK’s Cannabis Trades Association.  Tim was instrumental in helping organize the early days of the association and its membership. He subsequently stood down to pursue a more radical approach to economic development and cannabis reform. Tim has been actively engaged in working with Namaste to assess the regulatory requirements for the sale of CBD products in the UK and has provided advisory services to both Namaste and its partners in the context of packaging and marketing of CBD products. Tim’s role with Namaste outside of his consultancy will be procuring the highest quality CBD products for the Company’s e-commerce marketplace.

Tim Henley, Namaste’s New Products Manager comments: “I came across Namaste when developing my business. I wanted to sell vaporizers and found Namaste to be a really easy modern company to deal with and set up my own company, Cannablyss Ltd.  I would often talk to Kory Zelickson, co-founder, as I placed my wholesale orders. I am an evangelist for 21st Century Cannabis and its potential to help humanity fix so many of the ills of modern society. Be it the revolution in our understanding of the Endocannabinoid system and how this affects our bodies in so many ways. We need to nourish our minds and bodies with Phyto cannabinoids not pharmaceuticals. The changes I have seen in the industry are nothing compared to what is coming. Namaste is helping to create the future and it’s the most exciting and dynamic company I have ever worked for. Namaste is going to change the world building a sustainable future!!”

Paul Neider is an accomplished veterinarian and serial entrepreneur.  Being the founder of three veterinary hospitals, three other companies, shows Paul’s creativity and ability to diversify into various fields. He is passionate about helping animals (humans too) which carries through to his activities with Namaste.  He will work at a task until perfection and never stops learning. Dedicated, enthusiastic and fun to be around, living with four dogs reminds him to just chase a ball once in a while!

Paul Neider, DVM comments: “The team at Namaste is one of the most innovative and passionate group of entrepreneurs I’ve met in a long time. By joining them I will help expand the company into the very large veterinary/pets market.”

Stock Option Grant

Subject to the terms of the Company’s Stock Option Plan, Namaste’s board of directors has approved the issuance of 2,515,000 options to a number of employees and consultants of the Company. All options are exercisable at a price of $1.32 per common shares for a period of five years. The options will vest in quarterly instalments over a two-year period.

Management Commentary

Sean Dollinger, President and CEO of Namaste comments: “We’re very pleased to announce strengthen Namaste’s corporate governance team by announcing the appointment of Kenneth Ngo as our new CFO and Fern Glowinsky to our board of directors. Both Kenneth and Fern will provide great value to the company in their respective roles. We believe that Namaste is remains in the infancy stage of our development as a technological leader in the global cannabis industry and as such are pleased to announce our intentions to commence a NCIB to buy back and cancel up 10% of the Company’s “public float”. Furthermore, we’re very pleased to bring on Tim Henley and Paul Neider to lead the launch of high-quality CBD products in our platform for both human and animal use. CBD products have been proven effective in treating many conditions and in improving overall health and well-being.

We’d like to take the opportunity to thank everyone for their support and to welcome new members to the team. We are very excited about the future of the Company and look forward to many milestones to come. Namaste is constantly evolving and adapting to the changing landscape of this exciting industry that we are very proud to be a part of.”

About Namaste Technologies Inc.

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer pending receipt of   a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

On behalf of the Board of Directors

“Sean Dollinger”
Chief Executive Officer
Direct: +1 (786) 389 9771
Email: [email protected]

Further information on the Company and its products can be accessed through the links below:

NamasteTechnologies.com
NamasteMD.com
NamasteVapes.ca
Everyonedoesit.ca

FORWARD-LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

SOURCE Namaste Technologies Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/28/c3500.html

 

Sean Dollinger, Chief Executive Officer, Direct: +1 (786) 389 9771, Email: [email protected] CNW Group 2018

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Investing in #India’s Higher Education Sector #edtech $BTRU.ca $ARCL $BPI $FC.ca

Posted by AGORACOM-JC at 11:28 AM on Wednesday, June 27th, 2018
  • Distance learning programs and online learning solutions are also becoming popular in India, and are expected to create a US$1.96 billion market by 2021.
  • Currently, there are approximately 1.6 million users availing online education in India

India’s higher education system is the third largest in the world, after the US and China, with over 35 million students.

Focusing on this number alone is, however, misleading – India’s overall enrollment rate in 2017 was 25.2 percent, compared to China’s 43.39 percent, pointing to a significant deficit.

Next year, as Prime Minister Modi’s government is up for re-election, job creation will be among the foremost concerns for voters.

Will the proposed reforms and skilling efforts effectively modernize the education sector to service a rapidly changing jobs ecosystem? So far, meager budget allocations, outdated national schemes, and confused policy-making do not signal optimism.

On the flip side, though, are new and niche opportunities for investing in India’s growth – as technology and innovation facilitate new entrepreneurial platforms for the huge education and skills development market.

In this article, we discuss the general structure of India’s education system before delving deeper into foreign investment opportunities in what is plainly categorized as the unregulated domain.

FDI rules in regulated education sector favor non-profits

Education in India is divided into the regulated and unregulated sectors.

Entry into the regulated sector is currently unviable in India. While 100 percent foreign direct investment (FDI) is allowed under the automatic route in foreign universities, it is applicable only for non-profit institutions established under Section 8 of the The Companies Act, 2013.

A Section 8 company can be established to promote commerce, art, science, sports, education, and research, among other areas, but can apply its profits, if any, or other income only for the promotion of its objects; it cannot make dividend payments to its members.

Setting up a foreign private university in India

The federal regulator, University Grants Commission (UGC) lays out strict guidelines for setting up a foreign private university in India.

  • Must be a non-profit institution – which implies no repatriation of funds;
  • Must be certified as a ‘foreign education provider’ by the UGC;
  • Must be in the top 400 global rankings from the UK-based Times Higher Education Ranking, the Quacquarelli Symonds ranking, or the China-based Shanghai Jiao Tong University rankings;
  • Must maintain a corpus of US$3.7 million (Rs 25 crore) with the Ministry of Human Resource Development; and,
  • Must be in existence for at least 20 years and accredited by an agency of the host country or an internationally accepted system.

These regulations do not leave much incentive for foreign universities to establish their satellite campuses or international branches in India.

The Modi government attempted to ease existing rules by reintroducing the Foreign Educational Institutions (Regulations of Entry and Operations) Bill, 2010 in parliament, which was ultimately rejected.

Thus, government sponsored or funded universities and institutions dominate the regulated education sector in India.

Unregulated education sector open to foreign investors

Investment in India’s unregulated education sector amounts to over US$1.7 billion (Rs 12,000 crore) in the last decade.

Over 160 foreign universities are currently working in collaboration with Indian institutions by establishing different types of institutes, which are registered as private or public companies.

The nature of jobs in today’s industry is changing due to the application of digital technologies, creating new entrepreneurial segments within the education sector.

Demand in India’s education market is huge, and foreign investors can tap into the gaps between education provided in the country’s formal institutions on one hand, and actual skilling needs for the rapidly transforming job market, on the other.

Setting up vocational training institutes

Indian students are increasingly looking to skill-based educational qualifications to improve employability. This has led to perpetual growth in the demand for skill-based and technical training in India.

Foreign institutions and universities are beginning to cater to this growing segment by collaborating with an Indian institution or by setting up a skilling institute, leading to the award of graduate, postgraduate, diploma, and post diploma degrees.

These institutes have to follow the regulatory guidelines set down by All India Council for Technical Education (AICTE).

Twinning programs gaining traction

These are voluntary and reciprocal agreements between educational institutions in different countries. The UGC’s foreign collaboration regulations govern these collaborations. Students in these programs complete a part of their course in India and partly in a foreign-based partnership institution.

India requires the signing of a Memorandum of Understanding (MoU) between these institutes for clear guidelines. Members of the local education authority, such as the Department of School Education and Literacy, must be present along with media personnel when the official documents, stating the bylaws of the program, are signed.

Several Indian universities have twinning programs with foreign universities. For instance, Manipal University, in the state of Karnataka, has signed MoUs with the University of Illinois Urbana Champagne, Drexel University, and The State University of New York at Buffalo and Vellore Institute of Technology, in the state of Tamil Nadu, has MoUs with Purdue University and Queen Mary University, among others.

Education services a new lucrative subsector

Tie-ups between foreign and Indian institutes to provide expertise and faculty for teaching, curriculum building, and organizing student and teacher exchange programs are becoming more attractive.

These programs allow students or teachers to spend a couple of weeks to a semester in a foreign university where fees for the period is paid to the hosting university.

Tutoring services is a strong parallel education sector with large growth potential. In India, 87 percent of primary school children and 95 percent of high school students in urban areas opt for private tutoring services, which point to the huge market for higher education tutoring as well. Already 20 percent of students enrolled in higher education opt for private tuition; with competition for postgraduate studies and jobs intensifying in India, this number is expected to increase rapidly.

Growing at a rate of 35 percent annually, India is also emerging as a global leader in providing e-learning tutoring solutions. Foreign institutions can collaborate with Indian businesses in this subsector to leverage the global market.

Distance learning programs and online learning solutions are also becoming popular in India, and are expected to create a US$1.96 billion market by 2021. Currently, there are approximately 1.6 million users availing online education in India.

Distance education is regulated by the Distance Education Council established under the Indira Gandhi National Open University Act, 1985. Foreign investors should note that certain sector specific laws might also apply. For example, 14 statutory professional councils exist in India that regulate courses related to areas such as medicine, law, and architecture.

Source: https://www.india-briefing.com/news/investing-indias-higher-education-sector-17082.html/

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By 2022, Goldman Sachs $GS Thinks #Esports Will Have 300 Million Viewers Like the #NFL $GMBL $KUU.ca $ATVI $TTWO $GAME $EPY.ca $TCEHF

Posted by AGORACOM-JC at 9:49 AM on Wednesday, June 27th, 2018
  • Esports are the next big thing, Goldman Sachs thinks.
  • Goldman said it sees eSports surpassing Major League Baseball and National Hockey League viewership
  • According to data from NewZoo, an estimated 167 million people around the globe will watch eSports per month in 2018

In a report published Tuesday, Goldman said it sees eSports surpassing Major League Baseball and National Hockey League viewership. According to data from NewZoo, an estimated 167 million people around the globe will watch eSports per month in 2018.

“The immense popularity of survival-based games like Fortnite, growing prize pools for eSports tournaments, the rise of live-streaming, and improving infrastructure for pro leagues have all paved the way for eSports to reach 300 million viewers by 2022, on par with NFL leadership today,” said the note.

Goldman analysts also stated that they “believe that eSports viewership is moving more into the mainstream, which should support a 14% audience growth for the next five years, Recently, Epic Games announced that it would set aside $100 million in prize pool for the first year of Fortnite eSports tournaments, nearly the size of an entire eSports prize pool in 2017.”

The popularity of eSports is related to the increase of infrastructure within the world of eSports. “In 2017, Riot Games created the North American and EU League of Legends leagues, while in January of 2018, Blizzard launched the Overwatch League. We believe these leagues created the requisite infrastructure that will allow eSports to finally start to close the demonetization gap relative to other established sports leagues.”

Activision Blizzard Inc. (ATVI – Get Report) popular Overwatch league’s playoffs attracted over five million viewers. The company signed a $90 million deal with Twitch for streaming.

In July, the Overwatch League Grand Finals will take place at the Barclays Center in Brooklyn, New York on July 27-28. The event is the largest eSports event to happen. Within two weeks, fans had sold-out the 20,000 person stadium.

Goldman analysts wrote, “we expect total eSports monetization will reach $3 billion by 2022.”

Companies like Tencent Holdings Ltd. (TCEHY) have invested heavily in online video platforms. Goldman largely credits Tencent—which invested $630 million in Doyu and $461 million in Huya, both Chinese online video platforms—for the increase in funding for eSports.

Tencent’s contributions helped bump up the amount funneled into eSports in 2018. “since 2013, there has been $3.3 billion of venture capital investment in eSports related start-ups. In 2018 year to date, we have already seen $1.4 billion of investments, a nearly 90% year-over-year increase from the total fudning in 2017.

NewZoo data suggests that there’s over 2.2 billion active gamers worldwide. So far, only 5% of the gamers are part of the audience of eSports, but the industry—as Goldman’s data suggests—is growing rapidly.

Source: https://www.thestreet.com/technology/fortnite-helped-broaden-esports-audience-goldman-sachs-says-14634562

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$GGX.ca GGX Gold Intersects 8.71 g/t Gold, 114 g/t Silver and 67.8 g/t Tellurium – Over 0.86 meters, Gold Drop Property, Southern British Columbia $K.ca $GZD.ca

Posted by AGORACOM at 9:34 AM on Wednesday, June 27th, 2018

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564602/hub/ggx_large.png

  • Analytical results have been received for drill holes DDCOD18-7 to DDCOD18-16, targeting the COD vein
  • DDEVE18-1 to DDEVE18-4 targeting the Everest vein, both within the Gold Drop Southwest Zone
  • DDCOD 18-11 returned 8.71 g/t gold, 114 g/t silver and 67.8 g/t tellurium over 0.86m
  • DDCOD18-7 at the COD Vein 7.53 g/t gold, 70.9 g/t silver and 45.1 g/t tellurium over 0.76 meter core

Vancouver, British Columbia (FSCwire) – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce drill core analytical results from this winter’s Phase III diamond drilling program on the Gold Drop Property, located near Greenwood, BC. Analytical results have been received for drill holes DDCOD18-7 to DDCOD18-16, targeting the COD vein and DDEVE18-1 to DDEVE18-4 targeting the Everest vein, both within the Gold Drop Southwest Zone. Highlights include 8.71 g/t gold, 114 g/t silver and 67.8 g/t tellurium over 0.86 meter core length in DDCOD18-11 and 7.53 g/t gold, 70.9 g/t silver and 45.1 g/t tellurium over 0.76 meter core length in DDCOD18-7 at the COD Vein. The best COD Vein intercept to date from the 2018 drill program is 14.6 g/t gold, 150 g/t silver and 102 g/t tellurium over 2.1 meter core length in DDCOD-18-3 (News Release of May 29, 2018).

 

To view the graphic in its original size, please click here

The ongoing diamond drill program is designed to test and further define the COD Vein, a Dentonia/Jewel style quartz vein, located in the Gold Drop Southwest Zone. Trenching during 2017 has exposed the northeast – southwest striking COD Vein for over 160 meter strike length. Drilling is also testing the Everest Vein in the area of a 2017 trench, located approximately 600 meters southwest of the COD Vein. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017). During 2017 forty meters of trenching was completed on the newly discovered Everest gold bearing quartz vein.

The analytical results reported in this News Release are highlights from holes 7 through 16 of the 2018 drilling program on the COD Vein, and holes 1 through 4 on the Everest Vein. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold and silver analyses are reported in grams per tonne (g/t). The intervals listed in the following table are from the gold and silver bearing vein and / or adjacent low grade mineralized host rock.

 

Hole ID From (m) To (m) Interval Length (m) Au (g/t) Ag (g/t) Te (g/t)
COD18-7 24.97 26.21 1.24 1.14 11.2 8.37
COD18-7 26.21 26.97 0.76 7.53 70.9 45.1
COD18-8 26.71 27.35 0.64 1.78 15.1 11
COD18-8 27.35 28.25 0.9 0.23 2.47 2.32
COD18-8 28.25 29.06 0.81 1.3 7.02 4.87
COD18-9 31.42 32.41 0.99 2.48 19.15 14.15
COD18-11 42.7 43.56 0.86 8.71 114 67.8
COD18-12 65.84 66.42 0.58 1.23 7.89 5.93
COD18-14 17.9 18.71 0.81 0.86 7.12 5.19
COD18-14 18.71 19.4 0.69 5.54 47.1 34.1
COD18-15 12.85 13.87 1.02 1.18 12.05 8.08
COD18-15 25.85 26.75 0.9 5.89 77.6 60.3
COD18-16 32.2 32.61 0.41 3.13 18.9 14.35
COD18-16 32.61 33.1 0.49 1.89 19.55 18.45
COD18-16 36.43 37.2 0.77 0.92 5.34 5.34
EVE18-2 20.9 21.4 0.5 2.04 18.85 14.05
EVE18-2 21.4 22.2 0.8 0.84 7.31 5.66
EVE18-2 22.2 23 0.8 1.3 11.25 8.64
EVE18-3 43.82 44.6 0.78 1 9.64 6.24
The most significant gold mineralization is found in the COD Dentonia/Jewel style quartz vein (including 26.21-26.97 meters in DDCOD18-7, 42.70-43.56 meters in DDCOD18-11, 18.71-19.40 meters in DDCOD18-14, and 25.85-26.75 meters in DDCOD18-15).  The vein is mineralized with pyrite and trace chalcopyrite and telluride minerals. Surrounding alteration is a magnetite destructive silicification and chlorite alteration. Strong fine disseminated pyrite is often found in these alteration zones. Significant gold mineralization occurs locally in the altered host rock such as 12.85-13.87 meters in DDCOD18-15 and 21.4-23.0 meters in Everest hole DDEVI18-2 (adjacent to the gold bearing vein at 20.9-21.4 meters).

To view the graphic in its original size, please click here

 

Hole ID Dip Azimuth Depth (m)
COD18-7 52 354 47.55
COD18-8 65 354 62.79
COD18-9 75 354 93.27
COD18-10 55 338 71.34
COD18-11 45 280 65.84
COD18-12 55 291 87.17
COD18-13 45 261 68.89
COD18-14 45 351 41.45
COD18-15 55 351 50.6
COD18-16 65 351 50.6
EVE18-1 50 85 47.85
EVE18-2 45 68 47.85
EVE18-3 55 68 66.14
EVE18-4 46 45 56.39
Observed core vein contact angles indicate the COD vein is sub-vertical being structurally controlled by the host rock. The predominant host rock for the COD vein is a massive and competent medium grain granodiorite of the Antsey Pluton. Faulting does occur however the general north south trend of the vein is predictable.

 

To view the graphic in its original size, please click here

 

To view the graphic in its original size, please click here

 

Drill core is being geologically logged and sampled at the Greenwood facility. Drill core is sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. The samples are also being analyzed for 48 Elements by Four Acid and ICP-AES / ICP-MS. Quality control (QC) samples are inserted at regular intervals.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

Investor Relations: 

Mr.  Jack Singh: 604-488-3900     E-mail: [email protected]

“ We don’t have to do this, we get to do this ” 

The Crew

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Namaste $N.ca $NXTTF signs Master Services Agreement with Australian-based YPB to Provide consumer confidence solutions to its customers $ATT.ca $ABCN.ca $ACG.ca $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 8:36 AM on Wednesday, June 27th, 2018

  • Announced signing of a Master Services Agreement with YPB Group Ltd. (“YPB”)(ASX: YPB), an Australian based product verification and customer engagement company
  • Namaste plans to introduce YPB’s solutions across its network of manufacturers and to Canadian Licensed Producers to bring certainty of authenticity and supply chain transparency to the entire legal cannabis industry globally

VANCOUVER, June 27, 2018 – Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N)(FRA: M5BQ)(OTCMKTS: NXTTF) is pleased to announce signing of a Master Services Agreement (the “Agreement”) with YPB Group Ltd. (“YPB”)(ASX: YPB), an Australian based product verification and customer engagement company. Namaste has identified the need for its global customers to have confidence in the products they are purchasing, and for vendors to have access to granular data on their end-users. As such, Namaste plans to introduce YPB’s solutions across its network of manufacturers and to Canadian Licensed Producers to bring certainty of authenticity and supply chain transparency to the entire legal cannabis industry globally. This coalition furthers Namaste’s agenda in providing leading technology platforms for its global marketplace and in enhancing the user’s experience for its customers.

Namaste is the world’s largest and most comprehensive cannabis-focused e-commerce platform with 32 sites in 20 countries and over 600,000 monthly visits to their e-commerce sites with a database of approximately 1.5 million users. Their fully integrated e-commerce network spans across the globe offering everything from rolling papers to vaporizers. In Canada, Namaste has developed the country’s first telemedicine app, available on iPhone and Android devices which allows patients to connect to doctors or nurse practitioners and have access to a wide range of high-quality cannabis products and services. The shared strategy of this Agreement is to leverage Namaste’s market position with the objective that all vendors on its platform across the entire cannabis supply chain will adopt this technology and mark every product with YPB ProtectCodes to help protect consumers by ensuring the products and services they are purchasing are safe and reliable.

Sean Dollinger, President, and CEO of Namaste comments: “Our extensive tender process identified Australian-based company YPB as being able to deliver the most sophisticated forensic level anti-counterfeit security for brand protection. We are confident YPB’s Secure Supply Chain tracking will enhance trust in the legitimacy and integrity of the vast range of products and services being sold throughout the industry. Namaste has spent years building strong, trusted relationships with vendors in the industry many of whom suffer from having their products counterfeited and sold through unlicensed distributors. Through this partnership, Namaste offers an effective solution to further support our vaporizer and hardware vendors. Additionally, we believe this technology has the ability to revolutionize the sale of cannabis throughout the Canadian market, with the potential for global market penetration. We fully intend on leveraging our relationships with licensed producers with the hope of providing additional value to LP’s and their customers. As the market expands and becomes more competitive we expect to see an increased demand for the adoption and implementation of anti-counterfeit security to ensure all parties involved are adequately protected. We believe YPB is a leader in the space and we are excited to work alongside them to come up with unique solutions for the cannabis industry.

In the last five years, Founder and CEO of YPB, John Houston has seen a notable increase in the number of global eCommerce brands who are looking at how to protect consumers and brand value with YPB’s technology. It is predicted that by 2022, the value of the global counterfeit market will reach $US4.2 Trillion and 5.4 million jobs will be at risk. According to World Health Organization estimates, one million people die each year from counterfeit medicines. Counterfeit is a global issue and brands are increasingly needing to become smarter and look at ways to protect their customers from fakes to mitigate risk to their brand reputation.

The ability to engage directly with customers who have scanned a YPB protected product to confirm authenticity but have not purchased through a Namaste platform will also provide them with valuable market intelligence to know, understand and connect with a greater proportion of the cannabis community more effectively.

John Houston, YPB Executive Chairman comments: “Namaste is a smart, rapidly growing company with powerful competitive advantages and a unique central hub position in the legal cannabis industry. YPB could not find a better partner with whom to participate in the expected rapid growth of cannabis consumption. Namaste’s footprint offers YPB exceptional global access with ease of execution at low cost and its adoption of our technology is recognition of the power of product authenticity to build customer trust, relationships and numbers. This is YPB’s single biggest opportunity yet and we will work closely with Namaste to ensure conversion to real shareholder wealth. I’m also delighted to welcome Namaste onto our share register and the magnification of our mutual interests that it brings.”

ABOUT NAMSTE TECHNOLOGIES

Namaste Technologies is a global leader in the sale of medical cannabis consumption devices. Namaste has nine offices with multiple distribution centers around the globe and operates over 30 websites under various brands. Namaste has developed innovative technology platforms including NamasteMD.com, Canada’s first ACMPR compliant telemedicine application. The company is focused on patient acquisition through NamasteMD and intends on building Canada’s largest database of medical cannabis patients. The company’s subsidiary, CannMart Inc. is an ACMPR Licensed Producer pending receipt of a “sales-only” license, whereby the company will offer a large variety of medical cannabis sourced from domestic and international producers. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.

About YPB

Established in Australia in 2011 (listed on the ASX in 2014), YPB is at the centre of the global fight to protect the integrity of brands from commercial losses through highly advanced authentication solutions that enable brands to trigger customer engagement.

On behalf of the Board of Directors

“Sean Dollinger”

Chief Executive Officer

Direct: +1 (786) 389 9771

Email: [email protected]

Further information on the Company and its products can be accessed through the links below:

NamasteTechnologies.com

NamasteMD.com

NamasteVapes.ca

Everyonedoesit.ca

FORWARD-LOOKING INFORMATION This press release contains forward-looking information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, Namaste assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Neither the TSX Venture Exchange nor its market regulator has reviewed or approved the contents of this press release.

SOURCE Namaste Technologies Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/27/c3887.html

Sean Dollinger, Chief Executive Officer, Direct: +1 (786) 389 9771, Email: [email protected] CNW Group 2018

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How #programmatic advertising helps to target the right audience #adtech $GOOD.ca $TTD $RUBI $AT.ca $TRMR $FUEL

Posted by AGORACOM-JC at 11:06 AM on Tuesday, June 26th, 2018

  • An essential component of location-based advertising is programmatic advertising which has become the buzzword
  • There is a growing trend of brands adopting this technology to serve online ads to a business’ most likely customers

Even though you have the best of advertisements made, they cannot have the desired effect unless they appear at the right time and at the right place.

There is a growing need, regardless of company size and location, to make advertising more personal… more localized. Advertisers of all sizes are evaluating how they can most effectively identify and reach customers where they live and play and as a result, they are adjusting their marketing spend to do just that. BIA/Kelsey forecasts that US location-based ad spend will double in the next five years.

Since nomenclature, local preferences, competitors, and buying habits vary widely from state-to-state and city-to-city, location-based advertising delivers better performance and deeper insights for marketers of all shapes and sizes.

An essential component of location-based advertising is programmatic advertising which has become the buzzword. There is a growing trend of brands adopting this technology to serve online ads to a business’ most likely customers. The addition of programmatic advertising was one of the biggest advancements in digital since the introduction of search.

What is programmatic advertising?

Programmatic advertising enables to target a specific category of audience. Here the segments can range across demographics such as gender, age, social status, to geographic in certain areas of the country. Along with this, with ‘paid search’ one can also control the ads to a specific time of the day or monitor the frequency. You can decide which publishers you want your ads to show on.

By doing this, you are only paying for highly effective ads, delivered to the right people at the right time. Programmatic advertising breaks the stereotypical norms of traditional ad buying. Buyers nowadays do not like to run a certain number of ads with a publisher and remain locked in a contract.

Source: LeadsIn other words as State of Digital states programmatic advertising is the algorithmic purchase and sale of advertising space in real time. During this process, software is used to automate the buying, placement, and optimisation of media inventory via a bidding system. Automating the process means that it can be done in real time and doesn’t rely on the human touch, manual insertions and manual trading.

How can localizing programmatic advertising help?

Programmatic advertising is a very efficient and effective way for brands to reach their desired audiences.  By localizing their programmatic advertising efforts, brands are able to both customize their targeting and customize their messaging to the needs of the local markets that they serve.

For example, a Toyota dealer in Palo Alto, CA, may have a lot full or Prius hybrid vehicles, and will need very different targeting and messaging than a Toyota dealer in Fort Worth, TX, who will likely have a lot full of Tundra pickup trucks and SUVs.  Localized programmatic enables customization of advertising to each dealer’s local needs.

A company which is emerging as a leader in this field is Simpli.fi. The company has made localized programmatic advertising both affordable and effective for not only multi-location brands and ad agencies, but they also work closely with Local Media Groups (TV, Radio, Cable & Newspapers) to bring the power of localized programmatic to SMBs.

Stating the importance of localized programmatic advertising Frost Prioleau, CEO of Simpli.fi says, “Initially, most of the available programmatic tech was focused on national campaigns. Most programmatic platforms base their targeting on pre-packaged audience segments, making it difficult to customize, optimize and personalize audiences to local buying habits, brand preferences, and competitive players.”

Localization is necessary in order to effectively reach users whose buying habits, nomenclature, and preference vary widely from state-to-state and city-to-city. “However, scaling large numbers of highly personal and targeted local campaigns requires purpose-build technology. This is where Simpli.fi fits into the marketplace. Simpli.fi’s use of unstructured data, which allows for rich, highly granular targeting, serves ads based on element-level information, making campaigns more relevant and effective for prospects, thus driving a higher ROI,” adds Prioleau.

Programmatic advertising hence not only helps to deliver this level of insight and transparency but also creates the opportunity for brands to engage in near real-time with connected and unique audiences.

Source: https://www.geospatialworld.net/blogs/programmatic-advertising/

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#IOC and #GAISF to host #Esports Forum $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF $Game.ca $EPY.ca

Posted by AGORACOM-JC at 10:16 AM on Tuesday, June 26th, 2018
  • International Olympic Committee (IOC) and the Global Association of International Sports Federations (GAISF) have announced the organisations will host an “Esports Forum” on 21 July at The Olympic Museum in Lausanne
  • Aim of the Forum is to explore synergies, build joint understanding and set a platform for future engagement between the esports and gaming industries and the Olympic Movement

Invited participants will include representatives from across the esports and gaming ecosystem: players, publishers, teams, media, sponsors and event organisers; and from across the Olympic Movement: National Olympic Committees, International Sports Federations, athletes and the IOC.

GAISF President Patrick Baumann said: “Along with the IOC, the GAISF looks forward to welcoming the esports and gaming community to Lausanne. We understand that sport never stands still and the phenomenal growth of esports and gaming is part of its continuing evolution. The Esports Forum provides an important and extremely valuable opportunity for us to gain a deeper understanding of esports, their impact and likely future development, so that we can jointly consider the ways in which we may collaborate to the mutual benefit of all of sport in the years ahead.”

Intel/ESL

IOC Sports Director Kit McConnell said: “We are pleased to be hosting our first “Esports Forum”, which is a great opportunity for both the Olympic Movement and representatives from the world of esports and gaming to begin a discussion, listen and learn from each other, and understand the potential opportunities for collaboration. The IOC and GAISF are closely following the rapid development of esports globally, and we look forward to a really engaging discussion.”

The Forum follows the Olympic Summit held in October 2017, which asked the IOC, together with the GAISF, to explore this area in a dialogue with the gaming industry and players and to come back to the Olympic Movement stakeholders in due course.

Forum programme highlights:

PANEL: THE WORLD OF ESPORTS

Leading esports and gaming industry executives will share their thoughts on where the industry is now, what the current priorities are, and what they would like to see in terms of collaboration opportunities with the Olympic Movement.

INTERVIEW: WHAT DEFINES THE OLYMPIC MOVEMENT?

An interview by an esports player with an IOC representative to shed light on the various factors and events that have shaped the Olympic Movement as we know it today, and to provide insight on where it is headed.

INTERVIEW: THE KEY TO TWITCH’S SUCCESS

KEYNOTE SPEAKER: SPOTLIGHT ON INTEL EXTREME MASTERS PYEONGCHANG

FUTURE OPPORTUNITIES FOR COLLABORATION

INTERVIEW: A DAY IN THE LIFE OF AN ELITE PLAYER

PANEL: GENDER EQUALITY IN ALL SPORTS

ROUNDTABLE DISCUSSIONS:

SPORTS ORGANISATIONS – GOVERNANCE, STRUCTURES AND BEST PRACTICES

Covering “good governance”, the structural similarities and differences between esports organisations and traditional sports federations, and challenges in both industries.

MEDIA/BROADCASTING

Exploring new technologies and consumer preferences that are shaping the way sports/esports/gaming content is consumed, different models to create revenue, targeting the youth demographic, and methods to broaden fan bases. 

THE ATHLETE PERSPECTIVE

Featuring traditional sports athletes, Olympians and esports players. Covering what defines an athlete, challenges faced by each “type” of athlete, health and wellness, opportunities post-retirement, and how Olympians and esports players engage with fans.

THE INVESTOR PERSPECTIVE

Exploring investment in esports and gaming, the attraction for traditional sport to become involved in esports, learnings from each industry, and how esports and traditional sports can work together for mutual benefits.

For general enquiries, please contact: [email protected]

For media enquiries, please contact the IOC Media Relations Team:

Tel: +41 21 621 6000, email: [email protected], or visit our website at www.olympic.org

Source: https://www.olympic.org/news/ioc-and-gaisf-to-host-esports-forum

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#Blockchain Data Storage Could Soon Be The New Standard $SX $SX.ca $SXOOF $IDK.ca $AAO.ca $HPQ.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 11:23 AM on Monday, June 25th, 2018
  • With growing concerns over data privacy and security, users are calling for companies to find better ways of handling sensitive information
  • Blockchain data storage has the potential to offer much-improved security solutions compared to traditional databases used today

Why Move to Blockchain Data Storage?

Data breaches have been a pressing issue for many tech companies over the past few decades. With an increasing amount of sensitive data stored on company databases, we have continued to see new hacks affecting a wide range of industries, leaving user data exposed. As a result, hackers have acquired information that has led to widespread identity theft, illegal data sells on the dark web, and other major concerns.

For example, the 2017 Equifax hack exposed tax ID and driver’s license details of 145.5 million people. In 2018, the issue only appears to be getting worse. Dixons Carphone reported that 7 million individuals had been affected by a hack that started in July 2017 but wasn’t discovered until June 2018.

In many cases, consumers not only have to be worried about the possibilities of such hacks but also the fact that companies are often unaware of the issues for months or even years.

While the implementation of GDPR does help make sure that more companies comply with data privacy standards, better security is also a big factor that companies need to research and implement.

GDPR

Potential Concerns for Blockchain

Since data has traditionally been stored on centralized databases, it has become more likely that any given hack will lead to a large amount of data exposure for a large number of users.

Despite the promises of blockchain to provide better security, it’s still important to consider some of the risks of blockchain implementation. Contrary to popular belief, the blockchain is indeed hackable. Sybil attacks, routing attacks, and DDoS attacks all present major security challenges for emerging blockchain projects.

For PoW consensus algorithm projects, 51% attacks executed by miners on blockchain networks have proven to cause big security issues for a number of projects. The Verge, and other projects, for example, have faced regular 51% attacks.

The fact that blockchain technology is still relatively new also means that the teams in charge of securing data have to consider a variety of possible (oftentimes theoretical) security scenarios. They then must design sophisticated solutions to prevent data breaches from occurring. In several cases, projects have had to make reactive changes to their security measures instead of being more proactive in preventing threats.

Scalability Needs Improvement

While security is a major concern, it’s not the only factor for companies and users to think about. Even with the advent of decentralized blockchains, there are still a lot of developments that need to happen.

It may take some time before companies and users can consider large-scale data storage on the blockchain an overall better solution. While security is essential for blockchain data storage adoption, so is usability.

In mid-2018, most of the major blockchains haven’t demonstrated enough scalability yet to meet potential increases in user demand. When thinking about cryptocurrency payments on the blockchain, the amount of data storage needed is actually quite low, considering the large amounts of data needed to save photo and video files.

Projects like Storj and Filecoin are working on making cloud storage of large files not only possible but also practical.

For many companies and users, however, blockchains have an even more immediate potential to store sensitive data that requires less storage. For example, financial and identity-related information stored on the blockchain could soon become practical to implement even with a few small improvements in scalability.

There are a number of scaling technologies like sharding and off-chain protocols being researched and implemented. These can make blockchain data storage more scalable, potentially allowing millions (or even billions) of users to store data securely.

Advantages of Blockchain Data Storage

Even with these concerns, blockchain still has a few advantages over traditional data storage security. As mentioned above, traditional data storage solutions rely heavily upon centralized databases to maintain security. For hackers, the target to attack is much clearer. Once a hack is successfully executed on a centralized database, vast amounts of data can be accessed by hackers.

With blockchains and distributed ledger technologies, however, hacks are much more difficult to execute. In Storj, for example, only a small amount of data can be accessed in a hack since data is encrypted and distributed across a large network of databases.

Blockchain ultimately aims to eliminate the all-too-common news reports of large-scale hacks which affect millions of users as seen in companies of today that rely upon centralized databases.

The Potential of Blockchain Data Storage

A number of blockchain projects are aiming to make data storage more secure. The potential benefits promise to be groundbreaking for end users. Blockchain projects not only have the potential to create the architecture for inherently more secure data storage systems but also to allow individual users to have full authority over which parties are allowed to view data.

In many cases, blockchain projects are using native cryptocurrencies as part of tokenomic models. These allow users to monetize from any third-party data use while also preventing any possibility of identity theft and other issues seen in recent years due to large-scale data breaches.

Final Thoughts

With continued large-scale hacks of traditional databases, consumers are increasingly wary of vulnerable, outdated data storage technologies as well whether or not companies are keeping sensitive data safe.

Yes, blockchain technology still needs some improvements in security and scalability before it can be considered the hands-down, go-to solution for data storage.

It’s still to be determined when exactly blockchain can become the ultimate solution and when user adoption will follow. Still, there are many signs of a momentum shift away from traditional database technologies and towards better data security via decentralized blockchains.

Source: https://coincentral.com/blockchain-data-storage/

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