Blockchain R&D Project Shivom Garners Support from Government Officials in Several Countries

Shivom, an international blockchain-powered startup that aims to create the world’s biggest data hub on genomic information using decentralized technologies to secure the data and put it to a good use via various apps, has announced in its blog post that it has garnered support from government officials from three different countries.

Shivom will use blockchain tech in order to fully secure genomic data and ensure utter privacy. In particular, it uses blockchain to store encrypted data to make it available only to the designated users while cutting costs of transactions, which is one of the cornerstone features of decentralized ledgers. This security is thought to encourage people to share their genomic data without the fear of having it leaked. The service is expected to be available worldwide, which includes countries that currently have underdeveloped research capabilities.

The current healthcare space is fraught with major problems such as data silos, lack of diversity, lack of interoperability, little privacy and widespread data breaches, which makes effective healthcare and precision medicine challenging,” Shivom’s co-founder and CEO Dr. Axel Schumacher said in an interview to TechBullion. “The Shivom ecosystem plans to solve the healthcare challenges by offering an open blockchain-based genomics database alongside a web-marketplace and innovation hub, which will allow providers and third-party vendors to add and market customized apps and precision medicine services.”

The genomic data are required to drive R&D work in such directions as the invention of a cure for cancer, Alzheimer’s and other serious and often lethal diseases that stem from irregularities in the DNA. Certain medicines have to be calibrated to match the patient’s genetic code in order to be effective.

For the patient, understanding their genome has fundamental consequences. Once people have uploaded their genome sequence or after they got their DNA sequenced with one of our kits, they get access to various health-related apps to manage their health. Each individual can learn only what they want to learn about themselves. Sometimes, people want to know just parts of their potential future, in particular, that information that has actionable consequences. Using smart contracts on the Shivom platform, people can be guided in their learning process, and they can easily decide if they want to learn about their risk of developing certain diseases or not. Patients can also share their data to help their healthcare providers develop improved treatment strategies to manage their health outcomes and to participate in clinical trials that may ultimately develop a treatment for a disease they are at risk for developing. Thus both the consumers and the industry as a whole benefit,” Dr. Schumacher explained.

As the project’s token sale (accepted by Bitcoin or Ethereum) is drawing to a close, and a referral program proves its efficiency, Shivom has now announced that it received support from Estonia’s former prime minister Taavi Rõivas and Antanas Guoga, a Lithuanian representative in the European Parliament.

Dr. Schumaсher commented:

“We’re absolutely delighted to be welcoming a person of Taavi Rõivas’s experience to Shivom and believe he will play an important role in helping us to develop the world’s foremost genomic data-hub to power personalized healthcare. He was at the forefront of Estonia’s genetic biobank project that allowed citizens to control and manage their data to access personalized healthcare and this experience will be invaluable to us as the Shivom project progresses.”

The project has also partnered with the government of India’s state of Andhra Pradesh to sequence up to 60 million local people, which would kick off with a pilot study once the token sale is over. In addition, Shivom has partnered with Genetic Technologies Limited for the development of predictive genetic tests and the use of accredited laboratories.

According to the company, Shivom is headed by a team of geneticists, scientists, digital currency experts, and proficient business and blockchain developers.

This instance is the most recent occurrence of cooperation between blockchain-powered innovative startups and the government sector. Even though the technology was initially conceived as a backbone for bitcoin, which is a currency that by definition defies governments, the powers that be seem to have come onboard of innovations over the years. One of the most notable examples of blockchain’s integration in government operations is Estonia’s e-residency program which is backed by blockchain solutions developed by BitNation.

Now, with blockchain entering the forefront of international studies of the genome, and considering the support it garners from government officials all over the world, it is safe to assume that the humankind is about to enter a brave new world of decentralization.

Content Pirates: Unredeemable Criminals or Desperate Consumers

Piracy: there is more to it than meets the eye

Experts are still arguing whether this scourge of digital seas is an economic disaster or simply a nuisance but as its presence becomes ever more widespread, new data on its cause have emerged.

Two unrelated studies one by the University of Portsmouth and the other by Ipsos in Australia have clearly shown that the vast majority of online denizens who happen to download video content illegally also spend substantially more money on legal digital content than those who keep their noses clean.

According to the two studies, an average pirate is a young person who consumes increasing volumes of content and is willing to pay for it but will pirate it if there is no legal or preferred venue to buy it. An eye-opening conclusion here is that most video pirates are in fact not unredeemable anarchists but rather super-consumers and die-hard fans whose impetus the industry failed to monetize.

The industry’s behind the time approach to monetization and the root of the problem

Is it reasonable to shift the blame for the lost revenue to the industry itself? In many ways, it is for quite objective reasons. The movie industry as a whole lacks the efficient innovative infrastructure to monetize its products online and many of its rules of conduct are considered outdated. For example, it is still one of the very few entertainment industries who would restrict access to content based on consumer’s geographical location.

Case in point: it is a well-known fact that Game of Thrones is the most pirated show in history. It is also a well-known fact that HBO itself may have been the main cause of that happening. From the start HBO was adamant on keeping access to the show “exclusive”, refusing to sell the rights to Netflix despite hefty sums being offered. With so many people lacking HBO subscription and so many countries even lacking HBO coverage, many fans were left with few options. Because people just had to watch that show, they turned to illegal venues where legal ones were not accessible to them.

After years of damage control on the part of HBO, the show is still breaking records as the most pirated show. And while its creators jokingly praise the pirates for spreading the word and making the show insanely popular, the revenue was still lost where it didn’t have to be.

Now is there even a possibility of handling content monetization better using the old model of content distribution? Perhaps not, given how completely out of touch it is with the modern realities of the internet. Distributors still treat video content as a commodity rather than experience. They cling to the absolutely outdated model of “owning a digital copy” rather than more convenient and realistic “pay-for-view”.

It’s fair to suggest that IP-protection is not just about locking up the content but about protecting income flow that creators are entitled to. Unfortunately, it has been proven beyond doubt that restricting access to content does not necessarily increase the revenue. The film industry has to face the hard fact that its current business model pertaining to online content distribution is failing filmmakers, rights-holders and most importantly consumers.

What could save us all? Blockchain obviously

Perhaps it is time to finally separate principled pirates from desperate super-consumers and realize that within countless piracy sites lies a huge untapped source of revenue. But how does one reach the end-user and make sure he is able to access desired content and make a direct and instant payment to IP rights holder across various nooks and crannies of the world wide web? Many believe that the magic word here is blockchain, the same technology that lies Bitcoin, Ethereum and other cryptocurrencies.

What does blockchain bring to the table? By virtue of its very architecture, blockchain ecosystems are streamlined, convenient, absolutely financially transparent/auditable and allow for instant monetization.

Even now nascent blockchain technology is pervading the video content sharing scene with various projects already having undertaken the mission of blockchainising various aspects of this market.

To bring up some notable examples, Decent is a well-known content sharing platform that covers all sorts of content, including video, audio or texts. It seems to be a platform most suitable for bloggers of all kinds.

Flixxo is another blockchain-fueled video sharing platform which is more socially oriented and basically offers an infrastructure for community-ran YouTube.

Film industry though needs a tailor-made solution and one project has risen to specifically cater to its needs.

White Rabbit: the responsible rebel 

Created by actual moviemakers, producers, and businessmen White Rabbit is designed to alleviate the various problems the industry encounters in the brave new online.

White Rabbit, in essence, is a browser plug-in that automatically recognizes video content being streamed and allows viewers to make an instant payment to rights holders without being forced to go through subscription process on every streaming site.

Installing the White Rabbit plug-in means user’s conscious decision to pay for content on the condition that he is given access to it. Even if one consumes content via unofficial streaming sites, there will always be an option to pay, which makes it a fair deal for both content creators and consumers.

Users will pay “per view” (which will massively reduce the costs) but will also be able to access an old-school digital copy which will be stored in a user library, the Rabbit Hole. Rabbit Hole will also allow fans access to more exclusive content: behind-the-scenes, Q&A interaction with filmmakers, merchandise, etc.

Overall White Rabbit’s goal is not to introduce a new mechanism of IP protection but rather to maximize the potential for IP rights monetization in the new reality of internet without, let’s face it, consistently enforceable barriers and restrictions.

Treading the path of inevitability

Conceptually blockchain offers a financially transparent and instant monetization model convenient for both users and IP rights holders.

Will White Rabbit actually become the one project to disrupt the old monetization model for good? Time will tell. But one thing is for certain. The paradigm shift is inevitable because the current generation of streamers and content consumers will not be changing its habits. The industry itself will have to adapt to not miss out on the revenue and so far White Rabbit offers a clean and comprehensive solution for such transition.

Blockchain Could Make a Fair Game

Both online and the more traditional bricks and mortar gaming houses have always had a house edge when it comes to placing bets, from the roulette table to the one arm bandit and to the video games. The odds are just stacked in favor of the house, the margin by which the odds are in favor being referred to as the percentage house edge.

That’s why the house always wins and because of the house’s edge, they can afford to dish out millions of Dollars in jackpot prizes and lure the less savvy with some enticing incentives.

While some may have ultimately lost their shirt, there’s finally some good news for the hardened player, who has continued to chase their luck with the odds heavily stacked against them. Blockchain, the most innovative technology that lies behind Bitcoin, Ethereum and other cryptocurrencies, is about to change this industry forever.

Thanks to the unique attributes, Zero Edge has developed a platform for the online betting industry that delivers casino games with 0% house edge, giving players equal odds at winning on 0% house edge.

When considering the fact that some houses have as much as a 10% house edge on players, the house has not just been winning, it’s been cleaning up.

With ZeroEdge.Bet and ZeroEdge’s Zero Coin, which can be used for gambling or just held for investment, it seems almost unthinkable how companies that do not adjust to the new form will be in a position to compete against such a dynamic shift in the world of online gaming. Granted, the more traditional businesses may have some life ahead of them, the dices feels, the cash prizes, the personal touch coming at a price, but even they will probably need to begin openly discussing the 0% house edge concept and competition could see the edge begin to gradually move towards 0%.

For those that are interested in investments, here’s something to consider: The gambling industry generates as much as $70bn a year, with 25% of it coming from the online industry. Zero Coin holders would see their investment in Zero Coin rocket as more and more online gambling companies adopt the Zero Edge platform.

There aren’t going to be many willing to play on sites with 10% house edges in place when they can go to ZeroEdge.Bet or any online other sites that advertise 0% house edge games with the adoption of the Zero Edge platform and plays 0% house edge games.

Zero Edge’s Pre-ICO launched on 28th February, running through to 27th April before the public ICO that is scheduled to launch on 1st May and will run through to 1st September. The Zero Coin is based on the Ethereum platform and coins can be purchased with Ethereum (ETH) coins.

How Can Blockchain Change e-Commerce

Payment methods across the internet have become routine and with the cryptocurrency revolution, e-commerce is becoming increasingly popular, with PayPal and its peers beginning to see its market share at risk.

Over the last few years, Bitcoin became more widely recognized by merchants around the world and with it, other digital currencies have also become a popular alternative to the more traditional payment methods, as the Bitcoin network struggles with capacity issues and rising fees.

The increased popularity has not just been down to the cryptocurrencies themselves, but the technology that formed cryptocurrencies, the blockchain technology, with e-commerce on blockchain providing the buyer, the seller and even the marketplace with a record of the transaction on the blockchain that is irrefutable, removing the possibility of fraud and dispute that can lead to lengthy resolution at an expense to both the buyer and the seller.

Each and every step involved in the purchasing process is recorded on the blockchain, from the buyer placing the order and making payment, to the seller receiving payment and shipping the product purchased, and ultimately the buyer’s receipt of product closing out the proof-of-work cycle.

The more traditional e-commerce platforms also add to the buyer’s costs, eating into the cost savings made from buying online, with a percentage of sales and a one-off sales fee added to the total cost of purchase. The built-in costs charged by e-commerce platforms are partially offset by retailers discounting products for sale, hitting retailers with narrower margins, with only the e-commerce platform providers getting the cream.

While there have been a number of early to market blockchain e-commerce platform providers, Eligma is one to follow. Eligma is an AI-driven and blockchain-based cognitive commerce platform and has been touted to be the game changer in the world of e-commerce, with the team looking to change the way in which people discover, purchase, track and resell items online.

Eligma will offer users a “one-place” platform where buyers can shop in all the online stores across the world, check the value of household items and find out the best time to sell them. The platform will also offer users with a decentralized universal loyalty program and help transform each and every household into a business.

With the “one-place” offering, buyers will save a significant amount of time when searching for the right product, leave users with a single online account and provide a cryptocurrency payment option.

One of the great benefits of Eligma’s offering will be data protection. Existing on-line stores record and share behavioral habits and that’s before considering identify theft and the sharing of personal information. Only weeks ago, Facebook was in hot water following the release of millions of users’ personal data.

Eligma’s public crowdsale of its Eli Tokens will begin on 17th April, with the Public pre-sale having ended on 10th April. The ELI tokens can be used to make purchases on Eligma, with Eligma also offering an ELI Token Rewards program, where merchants are able to reward loyal customers on the “one-place” offering. The ELI tokens can be purchased by Ethereum (ETH).

The world of e-commerce is about to change with Eligma and other innovative companies looking to give online shoppers and retailers a far more user-friendly and secure platform and with it, there’ll also be the cost savings to consider.

There is no doubt that the blockchain technology, similar to other industries, can affect the electronic commerce, and it remains to be seen how and when those changes apply.

Cryptos Stumble to New Lows Early Tuesday, Blockchain Continues to Get Attention

And the Nano development team has been hit by a class action lawsuit in New York per the BitGrail hack in early February.

Nano Hit by Class Action Lawsuit in New York

The Nano development team has been hit by a class action lawsuit filed in New York. Nano is alleged to have promoted BitGrail as a safe exchange to trade its RaiBlocks cryptocurrency. Nano changed the name of RaiBlocks to ‘Nano coins’ in January of this year. BitGrail was hit by a large hack in early February, which allowed cyber-criminals to steal a huge amount of coins worth millions of U.S Dollars. Nano claimed when the hack took place, that it placed the blame on faulty BitGrail technology and was not responsible. However, this lawsuit alleges that Nano is responsible for money lost by traders because it promoted and endorsed the BitGrail exchange.

Bitcoin Cannot Escape Clutches of Bear Trend

Although Bitcoin was able to climb on Sunday and early Monday from lows made late last week, the cryptocurrency has found itself confronted with another shortage of buyers and is testing critical support levels again. Bitcoin is near 6700.00 U.S Dollars and it is essentially trading below early February levels which caused a massive amount of concern. Should Bitcoin continue to be confronted, its next vital support level could be the 6200.00 juncture. For speculators with a strong stomach, the 8000.00 mark looks like it could be a resistance target. Unfortunately for Bitcoin, it has not been able to escape the clutches of its bear trend, and traders should brace themselves brace for additional tests.

Bitcoin Daily Chart
Bitcoin Daily Chart

Cryptocurrencies a Fundamental Tool of Blockchain

As cryptocurrencies continue to be battered by declining prices, voices in the industry are calling for a balanced approach regarding regulations which will let the technology to thrive and innovate. Blockchain continues to get a growing amount of attention from businesses and investors, and the fundamental tool of cryptocurrencies is an important aspect of Blockchain. Regulations will certainly make cryptocurrencies more transparent and this could create an improved trading environment long term.

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Initial Coin Offerings and Blockchain Conference in UAE

The World Blockchain Forum will get underway in Dubai early next week on April the 16th. It will include seminars on Initial Coin Offerings and Blockchain.

  • April 16th – 17th, UAE, World Blockchain Forum in Dubai

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

New Solutions Emerge to Replace Ethereum’s Premature DAO Experiment

Technology, Human Hierarchy, and the Things that Limit Us

For some, the word ‘cooperation’ represents an integral function of relationships. For others, cooperation is an elusive or unattainable state.

Either way, cooperation (or the lack of it) is an essential determining factor when it comes to the survival of any entity. The simple fact of the matter is that human beings are tribal animals, and as such, hierarchical structures being formed among human relationships – intentionally or unintentionally.

In most of the Western world, hierarchical structures are built in ‘pyramid’ formations – one individuals or a small group of individuals sit at the highest level of power; below them are a slightly larger group, followed by an even larger group, and so on.

How Social Hierarchies Affect Corporate Contexts

This hierarchical model has been intentionally replicated in most corporations. A CEO or another executive holds the most powerful position, and subsequently larger (and less powerful) groups sit below.

Efficiency has been the main sustaining factor of this model in a corporate context. Indeed, the practice of having small groups of individuals make decisions for large organizations of any kind is certainly efficient.

However, it isn’t always successful. When important decisions are made by small groups, individual biases often play a larger role. Additionally, a smaller group of decision-makers also means a smaller pool of knowledge that is used to make a decision.

Former US President Woodrow Wilson said that “I not only use all the brains that I have but all that I can borrow.” In other words, the ability to make wise and fruitful decisions is increased when a greater number of individuals (and the knowledge that each of them carries) are involved in the process.

Therefore, the decision-making process most ‘pyramid’ corporate hierarchies are inherently at a loss. What’s more is that the larger an organization is, the bigger the issue can be; the risk of social friction also increases with larger organizations. For any human organization, the preservation of trust, interest, and engagement among members is key to survival and success.

However, in the lightning-fast pace of the corporate world, efficiency is king. This kind of structure isn’t limited to internal corporate structures, either it translates directly into the products and platforms that they build.

For example, although the Internet is perfectly capable of supporting real-time, peer-to-peer information exchange, most internet platforms are governed by small groups of individuals; users often have little to no control over the platforms they engage with.

The Birth of the ‘DAO’

Despite the known flaws in the structure of most corporate entities, there seemed to be no ‘real’ better way of doing things. Corporate governance systems that allow for more democratic methods of decision making have been inefficient or lacking appropriate security measures against hacking or manipulation.

However, the era of blockchain has brought forth secure and efficient platforms that are capable of facilitating the operation of DAOs: Decentralized Autonomous Organizations. Hundreds of teams across the globe in the process of building DAOs for everything from social networks and investment platforms to collaboration spaces and space agencies.

DAOs allow for decentralized organizational hierarchies–they allow anyone who wishes to participate to be involved in organizational governance, which correlates to better decision making and greater corporate success. Even entities or individuals who do not identify as or participate in DAOs themselves can use decentralized platforms for crowd-sourced wisdom and decision making, like blockchain-based prediction markets Augur and Gnosis.

Despite the brilliant innovation and dedication that goes into the creation of these DAOs, however, system design flaws can mean problematic governance practices.

Scalability has long been an issue in some blockchain networks – Bitcoin’s scalability issues are practically famous. In order for a blockchain-based governance system to work properly, scalability must not stand in the way of efficient decision making.

One company that is tackling scalability in blockchain-based governance systems is the Ethereum-based DAOstack, a platform that has branded itself as “an operating system for collective intelligence and open collaboration.”

‘Holographic Consensus’ and Token Incentives Facilitate Crowd-Sourced Wisdom and Decision Making

DAOstack uses what it has called ‘Holographic Consensus’ to eliminate the possibility of scalability problems. Essentially, Holographic Consensus divides an organization into small groups. These groups are granted decision-making power by an internal relative majority; the platform ensures that the decisions made in the groups are reflected in the overall consensus.

By design, there is no limit to the number of proposals that can be made and voted on in the DAOstack platform. This encourages fairness and equal discussion. By default, proposals made on DAOstack can only be confirmed if they reach an absolute majority.

To avoid Byzantine confirmation times for every proposal, DAOstack has included a ‘Boosting’ feature that will allow certain proposals to be confirmed by relative majority instead of an absolute majority. Therefore, proposals that are boosted are given the opportunity to be confirmed faster.

To determine which proposals can be boosted, each proposal is given a score based on how many individuals within an organization are willing to place bets using DAOstack’s native GEN token. If enough bets are placed on a certain proposal, that proposal will be Boosted.

Essentially, the DAOstack takes the decentralized governance capabilities of the Ethereum blockchain and makes them work at scale. In a corporate governance context, this makes the decision-making process much more informed and efficient when it comes to things like fund allocation, and facilitates intelligence-gathering.

Decentralized Governance: the Way of the Future?

Platforms similar to DAOstack certainly have the potential to change the way that corporations are run, but they also may have the potential to change the way that the planet is governed.

Combined with forces like the Sovrin Foundation blockchain identity network, blockchain-based governance and decision-making platforms could be used to efficiently conduct elections, make community decisions, and institute national laws.

Since its inception, blockchain technology has been praised for its ability to take power away from centralized financial institutions and put it back into the hands of individuals. Let’s hope that the same can be said of government institution, and that we one day might see an Earth free of authoritarianism.

Crypto Update: Rebound after Weekend Lows for Cryptocurrencies

As Digital Assets Slump Blockchain Technology Still Shines

While the public has perhaps grown rather timid regarding cryptocurrencies the past couple of months because its speculative glimmer has dulled as prices have proven relatively earthbound, the technology behind digital assets, Blockchain, remains the working foundation which may lead to new frontiers and a change back to positive sentiment regarding cryptocurrencies. Governments who seek a way to monitor exact transactions, tech experts who want to counter fraud, insurance companies and even the music industry are consistently looking at Blockchain and its ability to offer a transparency and a quantified ledger of payments. So while digital assets remain under pressure, it should be remembered Blockchain is still new and has the capability of helping change the world of transactions – which could equate into greater confidence about cryptocurrencies again.

Bitcoin Registers 1st Quarter Disaster, Confident Speculators Buying?

First quarter trading has ended for Bitcoin with losses that have proven not only steep but has shaken the confidence of long-term speculators. Bitcoin is hovering near the 7000.00 U.S Dollar level. Bitcoin has come off weekend lows which saw the digital asset touch the 6700.00 mark, but its bearish trend has produced relatively few sustained climbs and when they have occurred they have been promptly beaten back. Confident speculators who believe Bitcoin will gather momentum may believe this juncture is a buying opportunity, but important support lurks below around 5750.00 – while resistance registers per technical charts near 8000.00 U.S Dollars per coin.

Bitcoin Daily Chart
Bitcoin Daily Chart

Private Healthcare Providers Teams for Blockchain Pilot Program

Two of the biggest healthcare providers in the U.S have announced a pilot program in which they will test Blockchain as a means to track information in a more practical and secure manner. United Health Group and Humana have teamed up to find a cure for administrative problems which the U.S government – led by the CMS, a U.S regulatory agency for Medicare, has announced it intends on issuing fines to private insurers if data provided to Medicare is wrong. Blockchain technology it is hoped will stop problems including wrong phone numbers and addresses via the huge amount of clients which consistently cause problems for the U.S government.

CryptoBlockCon Starting Soon in Los Angeles, California

A showcase for companies and discussions regarding Blockchain and digital assets will get underway in Los Angeles, California on April the 4th called the CryptoBlockCon.

  • April 4th, U.S, CryptoBlockCon in Los Angeles

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Here’s How Blockchain Can Improve Your Odds of Finding Your True Love

It sounds unimaginably unbelievable that people still fall prey to love scams today. Many people unwittingly enter wrong relationships where they waste time, energy, and resources despite the increase in the level of education, knowledge, street wisdom, and better law enforcement activities even across borders.

Dating scams show up in different guises from the obvious Nigerian Prince love scams to the subtle guy-next-door, outright gold diggers, and people looking for trophy husbands or wives. ScamWatch reports that Australians lost $23 million to dating and romance scams in 2015. In the U.S., victims of romance scams lost as much as $82 million in the second half of 2014 with the average victim losing $20,530.

The prevalence of romance and dating scams has unfortunately made many people swear off looking for love online. Sometimes, the risks involved in trying to find your true love on the internet is just not worth the hassle.

7

Is online dating worth the hassle?

Apart from the risk of falling a victim of romance scams, the current setup of online dating platforms severely limits the odds that you’ll find love online. The computer algorithms responsible for matching people with potential dates are often not capable of understanding the nuances of human preferences to make the proper matches.

The matchmaking AI programs used on dating sites are often poor matchmakers because they make an erroneous judgment on likability following a set of predefined rules.

In fact, Casey Johnston of The Future observes that “it takes 3000 swipes to maybe, maybe get one person’s ass in the chair across from you” when you try to find potential dates on the Tinder app.

Apart from the incompatible matches, daters (women especially) are at a higher risk of being overwhelmed by hundreds of messages from every literal Tom, Dick, and Harry. Hence, it might be pretty difficult for them to sift through the messages to find their one true love. In fact, many people now consider online dating platforms a place while away the time, or (at best) find one-night stands.


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Blockchain technology to the rescue

Before you give up on online dating, it might interest you to know that blockchain, the technology behind cryptocurrencies such as Bitcoin and Ethereum could solve some of the biggest problems facing the online dating industry. Ponder, a blockchain based startup has built a decentralized matchmaking platform that leverages blockchain to help people improve their odds of finding perfect matches.

Ponder holds a strong conviction that humans are better at spotting the chemistry for a potentially successful relationship than computers. The company is trusting that human beings have the capability to play matchmaker to relationships with better odds of success than the current algorithms that online dating companies use.

The blockchain dating platform also has an incentive program designed to ensure its users are actively involved in matchmaking activities. For instance, if you suggest matches and the people you matched up hit it off, you’ll earn a $10 success fee. If your match works out such that the couple decides to get married, you’ll earn a $1000 bonus.

Luna is another blockchain-based platform seeking to revolutionize how people send and receive messages on online dating platforms. Many of the current crops of online dating platforms have freemium models that allow them to have hundreds of thousands of free members. The fact that there are a low entry barrier and lack of adequate screening, in turn, engenders an unchecked amount of fake accounts, attention imbalance, spammy messaging, and outright theft and misuse of personal information.

For instance, scammers prowl around on online dating platforms in search for unsuspecting victims – the scammers can send the same introductory message to tens or hundreds of unsuspecting users. Some other users who are not scammers also send hundreds of such messages in a “dragnet-style” hunt in the hopes that someone will respond.

The uncapped stream of messaging, in turn, causes the “more attractive” males and females to receive hundreds of messages while other users are left unnoticed. Interestingly, the users who receive such messages know that most of the senders are trying to get in touch with an attractive photograph without making any effort to know the real person. Hence, a culture of mutual mistrust develops – some people don’t get any messages, the people that receive messages don’t bother reading them, and other stop sending messages because their messages are never replied.

On Luna, you’ll need to purchase stars to send messages to other users and there’s even a limit on the number of messages a user can read each day. The fact that messaging is not free effectively weeds out scammers and people who sent out mass spammy messages. You’ll want to be doubly sure that a user might be interested in you before you send a message – more importantly, you’ll take the time to compose a personable message so that you can leave a decent first impression.

How Blockchain is Providing Travelers With More Authentic Experiences

These experiences are precious – not to mention that in order to travel, we must take time away from work, from family, from responsibility.

Therefore, the pressure to wring every bit of richness out of a travel experience can be high. In a world literally full of McDonalds and Starbucks, grasping the authenticity of a new place can be a challenge – it can be nearly impossible to discover the soul of a city without someone who knows where to find it already.

As the cost of actually getting somewhere continues to decrease, the possibility of travel has been opened up to new groups of people. Millenials and Gen-Z travelers who would have had to pay small fortunes for plane tickets and hotel rooms in the past can now snag weekend bare-fare deals and rest their heads in quaint, inexpensive AirBnbs.

However, these travelers may find themselves riding around on tour buses, stuck eating fast food without knowing where the best activities and cheap eats in town are.

Is Blockchain the Answer for Better Travel Experiences?

Of course, there are the standard travel apps; TripAdvisor and Yelp can be helpful, but the overabundance of information on these platforms (as well as the presence of biased content) can lead to stressful bouts of indecision, sometimes based on misleading or even false counsel.

Maybe this is why the blockchain-based ‘Cool Cousin’ is quickly becoming a stalwart fixture in the travel industry. Named as one of Mashable’s ‘7 Can’t-Miss Apps,’ Cool Cousin enables travelers to connect with locals, receiving on-demand guidance about the best things to do in town.

By connecting with people who have intimate knowledge of the place they are visiting, travelers can gain access to authentic understanding of a place that a travel agent or standard travel website could never provide them with.

Meet Your New ‘Cousin’

Locals who provide personalized travel tips on the app are known as ‘Cousins’ – your Cousin can tell you the best places to eat, sleep, and visit. With a user-friendly mobile application, travelers can choose their Cousins based on age, gender, and personal interests.

Cousins are incentivized to provide their expertise with token rewards in the form of Cool Cousin’s native cryptocurrency, CUZ.  Users who hold CUZ tokens on the platform will be able to use the coins to pay for an array of services in addition to guidance.

There are also users classified as Pro-Cousins on the network who have earned the reputation to become actual travel agents on the platform.  In addition, the ecosystem employs contributors and editors and will include a Board of Representatives. Business Owners are also included on the platform, and (following a Cousin recommendation) will be able to edit their business’s page and provide special offers to users.

Blockchain technology protects the platform against biased information because of the transparent nature of distributed ledger technology. As is written on the Cool Cousin website, blockchain “limits the company’s ability to make commercial decisions that compromise the service’s authenticity.” Sponsored content will still be a part of the platform, but it will always be clearly labeled accordingly.

While real-world adoption can be a struggle for blockchain-based applications, Cool Cousin was founded as a non-blockchain firm in 2015 – the application has already garnered more than 500,000 traveler users as well as more than 1,000 Cousins spread across more than 70 cities.

The platform is based on the Ethereum blockchain. While the majority of CUZ tokens will be reserved for the Community, much of the remaining tokens will be used to pay out incentives for interacting with the application in various ways.


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Blockchain for Collaboration

Cool Cousin is yet another example of the potential that blockchain technology has as a collaborative tool. Even ten years ago, imagining an incentivized the platform that provided travelers with intimate knowledge of a new place would have been a rather outlandish idea – yet, here we are.

With so many users already engaged with the platform, Cool Cousin is well positioned to become a major player not only in the travel industry but in the blockchain space as a whole. We can only hope that the synergistic combination of travel advice and blockchain will bring both the travel industry and the cryptosphere farther forward into the future.

Crypto Update: Governments Begin to Embrace the Blockchain Technology, Bitcoin Remains Uncertain

Blockchain technology, however, has gotten some increasing positive backing from various governments in the past week.

Flirtation with Digital Assets Likely Needs Long-Term Perspective

Digital assets have seen a steady decline among the major cryptos since the middle of January. Prices began to slump on fears and uncertainty, as a cascading number of articles questioning the euphoric rise in the cryptocurrency market began to create doubt among speculators. It has been nearly two months since the speculative frenzy has ended, and traders are still waiting in many cases for upwards momentum to resume. However, a new perspective may be needed which includes long-term insights, instead of the get rich quick hopes many traders had who began flirting with digital assets in November and December 2017.

Key Averages Creating Concerns for Bitcoin, Bearish Trend Intact

Bitcoin remains within the clutches of a trend which continues to assert downward pressure. The cryptocurrency is near 8300.00 U.S Dollars per coin and saw a lack of buyers this weekend, as it came off highs which were near 9000.00. Key support for Bitcoin looks to be near the 7400.00 level, while staunch resistance is about 9500.00. Speculators who are using technical charts to make their decisions remain worried that Bitcoin has not been able to challenge its late-January values. Meaning the cryptocurrency has not been able to break through key averages which continue to look bearish for the near term.

Bitcoin Daily Chart
Bitcoin Daily Chart

Blockchain Receiving a Vote of Confidence, Pilot Programs Examined in the U.S

Blockchain has been getting praise the past few weeks from a variety of governments. The reason for the positive comments is because of the secure environment to supervise transactions that ‘distributed ledgers’ can potentially deliver. The U.S Treasury has issued a communication to other U.S government agencies on how to move forward with pilot programs which are contemplating the use of Blockchain to track payments and their receipts.

San Francisco Blockchain Event Starting Today

The Blockchain West Summit & Trade Show gets underway today in San Francisco and will last until the 28th of March. It will include workshops, keynote speakers, and exhibits.

  • March 26-28th, U.S, Blockchain West Summit & Trade Show

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

How the Blockchain Technology is changing the Gambling Industry

Trust has continued to be one of the key issues facing the gambling industry and never more so than for online gambling sites, with not only concerns over fairness in the calculation of odds and protection of money placed being an issue but also privacy through appropriate security levels to protect gamblers’ personal data.

Blockchain technology is well known for its decentralized technology that removes centralized control, while also providing significantly greater privacy, with the principle of anonymity.

Blockchain technology’s attributes are capable of resolving two of the biggest issues that online gamblers and online gambling companies have faced since the expansion of the gambling industry to the Worldwide Web.

When considering the fact that online gambling now makes up more than 25% of total gambling revenue, with the gambling industry forecasted to hit $50bn in revenue this year, resolving the key issues faced by online gamblers and legitimate online gambling companies would certainly see online revenues begin to capture the lion’s share of the pot.

There’s been plenty of talk over the last year of blockchain technology coming to save the day for the online gambling industry and progress is now being made, with projects underway to develop blockchain technology that is catered specifically for the gambling industry.

The introduction of blockchain tech to the gambling industry would deliver much needed permanent, verified records on a distributed ledger that cannot be manipulated, such an attribute providing much-needed transparency across the online industry.

One of the key benefits in using blockchain’s decentralized ledger is that gamblers will be able to place bets armed with the knowledge that there a transparency in where the bets placed are going and also that the odds for each bet were generated fairly and that the results were also produced fairly.

With the existence of Ethereum’s blockchain technology that delivers a smart contract platform, digital contracts between gamblers and online gambling companies would remove any concerns over an online gambling company reneging on obligations, supporting the principle of instant pay-outs, through the removal of middleman that brings about delays in the event of a dispute.

One of the central players in the industry is Zero Edge. Zero Edge has developed a cryptocurrency for the online gambling industry, with their Pre-ICO launched on 28th February, running through to 27th April before the public ICO that is scheduled to launch on 1st May and run through to 1st September.

Zero Edge has created a cryptocurrency, Zerocoin, targeted solely for the online gambling industry, with Zero Edge’s protocol providing gamblers with 0% house edge casino games, sports betting and a platform for the building of online games in the future.

0% house edge games not only gives gamblers equal odds of winning against the house but also Zerocoin holders with potential earnings that would result from an increase in Zerocoin value, as demand increases and more online gambling companies adopt Zero Edge’s blockchain technology.

Traditionally, gambling companies offer different odds to the true odds, the difference between the true odds and the odds offered being the gambling company’s edge.

Zero Edge addresses the key issues faced by online gamblers. Zero Edge not only delivers transparency with the use of Ethereum smart contracts but also ensures that there are no delays or fees in the deposit and withdrawal of money while including a random number fairness check, with all games being verifiable on Ethereum blockchain.

With Zero Edge’s blockchain protocol, Zerocoin holders are pooled into a mixing set, with the blockchain’s zero-knowledge proof ensuring that verifications can be made without the need to provide any information other than the fact that funds were deposited and withdrawn. The protocol means that coin holders are not required to provide additional information, including wallet addresses, which can and have been traceable on other blockchain platforms, ensuring complete privacy.

Zero Edge delivers just what the online gambling industry has been clamoring for and the upcoming ICO will certainly garner plenty of attention in the coming months, as online gambling companies look to adopt Zero Edge’s offering.

Crypto Update: Cryptocurrencies Negative in Mid-Day Trading, U.S Tax Season Approaching for Traders

Cryptocurrencies have run into slight headwinds the past twenty-four hours. However, the broad crypto market remains relatively tranquil. Speculators may view the consolidation as a sign a breakout will transpire.

Tax Season in Uthe .S Approaching April 15th Filing Deadline

Recent statistics show approximately 16 million U.S citizens own some form of cryptocurrencies. The number has grown substantially since October and November of 2017 when euphoria set off a firestorm of exuberant buying. And now the U.S government will get its chance to interact with millions of American cryptocurrency traders as the deadline for filing taxes approaches on the 15th of April. While some cryptocurrency traders may want to make believe they do not need to pay taxes on their digital assets, it can be assured the U.S government views about collecting its revenues will remain steadfast.

Ripple Consolidation Raises Speculative Question, XRP’s Steady Range

Ripple remains locked in a tight range. As the cryptocurrency market has developed an air of stability this week, Ripple’s XRP coin has essentially traded near the sixty-seven cents level. Resistance via a daily chart can be interpreted as one U.S Dollar per coin, while vital support is fifty U.S cents per XRP. The rather tranquil trading in the cryptos has likely been welcomed by many traders. However, speculators may view recent results as momentary consolidation which will see a breakout develop. Which raises the question which direction the breakout will take?

Ripple 4H Chart
Ripple 4H Chart

Canada Joining Regulatory Environment, U.S Bans Petro from Venezuela

Canada is reportedly set to launch new regulations regarding cryptocurrencies. The fact that the nation is taking a look at digital assets should not be a surprise as a growing amount of countries seek transparency and laws to supervise cryptocurrencies. Also making news this week was the action in the States, including President Trump’s signed mandate, banning all transactions of Venezuela’s cryptocurrency known as the Petro for U.S citizens.

Crypto Con in Mumbai Expects Huge Number of Participants Tomorrow

Leaders from the cryptocurrency and Blockchain industry will gather in Mumbai, India tomorrow for the start of Crypto Con.

  • March 23rd, India, Crypto Con in Mumbai

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Could Blockchain Be the Last Hope for Indie Games?

Gaming as a mass medium provides players with rich, engaging, and entertainment content. Games also provide decent tailwinds for economic growth as the industry contributed $11.7 billion in value to the GDP of the United States in addition to direct employment of 65,678 Americans in 2016.

Michael D. Gallagher, president and CEO of ESA, the trade association that represents the US video game industry notes that “America is a nation of gamers… Families across the nation enjoy video game experiences that deliver sensational and immersive fun. The industry’s high-tech developers, designers, and creators use cutting-edge innovations on every device – from the smartphone to virtual reality – to capture the imagination of gamers across the US and around the globe.”

Gaming by the numbers

The global gaming industry is also a key potential economic driver globally. For one, the global gaming industry has more than 1.2 billion gamers with varying degrees of involvement (see chart below, stats figures relate to 2016).

game users by region

The video game industry delivers about $100 billion annually to global economy via microtransactions, subscription services, in-game ads, and additional downloadable contents. According to the entertainment software association (ESA) in its 2017 essential facts about the video and computer games industry, U.S consumers spend $24.5B on gaming content in 2016 compared to the $3.7 billion spent on gaming hardware. 8 out of every 10 American households has a dedicated device for playing video games. At least 42% of Americans report that they play video games for not less than 3 hours each week.

game consume

The global gaming industry is divided into four major hardware segments namely;

  • Games for personal computers
  • Games for dedicated devices (Xbox, PS4, Wii)
  • Games for mobile devices
  • Future segments for new hardware (Virtual reality, Augmented Reality, Streaming)

Challenges faced by indie game developers

The development of games is usually undertaken by major traditional game publishers such as Activision, EA, Sony, Microsoft, Ubisoft on the one hand, and independent (indie) game developers on the other hand. Indie developers consider their work an artform and they often push the envelope all the way to the top with their imaginations and creative freedom. Some of the popular games made by indie developers include Minecraft, Bastion, Angry Birds, Hidden Folks, Spelunky and Ooblets among others.

Despite the importance of indie game developers to the global gaming industry, they still face serious marginalization that limits their ability to unleash their full potentials.

One of the biggest challenges facing indie game developers is funding. Indie developers need funding to get an idea off the ground, pay for their basic sustenance while they bootstrap the game, hire a support team, and to pay for marketing.

The second challenge facing indie developers is the stiff competition they face from existing traditional game companies with seemingly deep pockets. Thirdly, many indie developers don’t have a marketing team, they lack marketing experience, and their incredible games often end up wasting away in oblivion.

Here’s how Game Protocol can leverage blockchain to make a difference in gaming

Blockchain technology is perhaps the most disruptive development in the market right now. Blockchain technology has shown an incredible ability to precipitate a paradigm shift in the global financial landscape as cryptocurrencies such as Bitcoin and Ripple continues a steady displacement of fiat currencies.

Blockchain technology is simply a global network of computers involved in the joint management of records to ensure accountability, transparency, and security of value.

The decentralized nature of blockchain makes it an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. Blockchain technology ensures the immutability of data because the records kept on a block cannot be changed without making changes to the other blocks.

Game Protocol, a blockchain-based network built on the Ethereum blockchain is setting up shop to become a decentralized game store that can provide indie developers with tools and a platform for raising funds. Jonathan Swerdlow, CEO of the company notes that “the gaming industry will be fundamentally disrupted by Blockchain technology… whether we like it or not, the blockchain revolution will disrupt many traditional businesses such as banking, gaming and more.”

Game Protocol is a brainchild of people with game development experience. Using the blockchain platform, all developers can access SDK developer tools, which levels the playing ground between indie developers and corporate game developers to build high-quality games. The core idea of the blockchain-powered is to make it possible for game developers to create more wealth from their intellectual property by eliminating the middlemen between developers and gamers.

Game Protocol is the 1st blockchain based game marketplace where indie developers can sell games directly to consumers – the platform takes a relatively smaller transaction fee than centralized game stores such as Google Play Store and Apple Store on mobile devices. The decentralized nature of Game Protocol’s platform also ensures that indie developers enjoy transparency in sales volume, ratings, and reviews of their games.

Developers crowdfund their game development using its proprietary “GameStarter” platform instead of seeking funding from investors who focus more on the business of gaming than the entertainment value of gaming. Crowdfunding game development, in turn, makes it easier to build a community of fans who are passionate about the games and provide reliable feedback to developers.

Participation in the blockchain-powered gaming economy of will be facilitated with Game Protocol Token (GPT), ERC 20 token created on the Ethereum blockchain.  GPT will be exchanged over mutually agreed terms for investing in decentralized games, buying in-game accessories, and participating in eSport competitions.

How “Smart Contracts” Could Transform the Entire Financial World

Everyone has now heard about Bitcoin, the cryptocurrency on the Internet. It enables secure, anonymous and immediate money transfers without the involvement of banks or other institutions. This used to make this currency particularly interesting for shady individuals of all types, but more and more “normal” users appreciate the fact that a reliable infrastructure frees them from the banks’ tasks and thus also saves them the sometimes steep transaction fees. For example, a Bitcoin transaction from Switzerland to South America is completed within a few seconds, with minimal costs for the sender.

This is made possible by the underlying infrastructure of Bitcoin – the blockchain, a distributed platform secured by cryptographic algorithms, which ensures that every transaction is stored in an immutable and verifiable manner. For example, if you want to transfer Steve 0.1 Bitcoins (equivalent to about $820, as of March 17, 2018) to the USA, this action on the blockchain will generate an entry “I have transferred 0.1 Bitcoins to Steve”. It is no longer mutable and visible to everyone, so Steve can’t claim that you didn’t transfer anything. On the other hand, you can’t just say “I did a transfer” – if it’s not on the blockchain, then it didn’t happen!

Smart Contracts – another gear up again

However, the blockchain only unleashes its full potential in conjunction with the “Smart Contracts“, held its killer application by many experts. These are digital versions of contracts of any kind, which ensure that interactions between different parties take place automatically according to previously agreed rules. Automatic execution of actions that are also binding and irrevocable at the same time – a combination that made the financial world listen up. Derivatives trading, loan, and mortgage contracts and financing are potential applications that can be handled by Smart Contracts on the blockchain and that are already being worked on.

As of now, Ethereum is the leading platform for smart contracts with over 1000 of them already deployed on its blockchain. However, there are some other alternatives to Ethereum which promise to solve some of Ethereum’s security and scalability issues.

Decentralised trading on the OTC blockchain

A fine example is one of the first successful implementations in Switzerland: a block-chain-based platform for OTC (over-the-counter trading) of currencies, commodities, and securities. This OTC blockchain is being implemented by a Swiss consortium of banks, ti&m AG from Zurich and the Institute for Financial Services (IFZ) of the Lucerne University of Applied Sciences and Arts.

OTC trading is traditionally conducted via a broker and has recently been subject to ever stricter regulations on money laundering, making it increasingly uninteresting for the parties involved. A direct peer-to-peer model on the blockchain with automatic and reliable Smart Contracts verification of regulations resolves this dilemma.

This setup was supplemented by a sophisticated identity management system, which reliably identifies the trading partners, as well as an encrypted data storage outside the blockchain, which also enables the storage of larger amounts of data. In the future, OTC blockchain will allow OTC trades to take place directly between trading partners, without brokers and, above all, with automatic, auditable and thus legally compliant verification of the money laundering rules.

Weighing the Years Ahead: Blockchain and Smart Contracts 2025

According to a study by the New York management consultancy Accenture, nine out of ten banks are already dealing with blockchain applications. Insurance companies, logistics companies, pharmaceutical companies and other industries are also exploring the possibilities of the Blockchain. This gives it the potential to change much of today’s economy.

Blockchain and Smart Contracts are not a temporary hype that will be forgotten the day after tomorrow. On the contrary, the revolution will progress and we are about to witness some exciting times.

Solid Rocket Booster Ignition And Liftoff Of The Datarius!

Already today, on March 5, 2018, at 12:12 UTC, the main ITO round of the Datarius project – the first social p2p crypto bank, starts. Users, natural and legal persons from all over the world, will be able to interact directly with each other, thereby avoiding the middlemen and paying only a minimal fee to the platform, at their discretion, based on the additional services selected. The final public round will also determine the total number of tokens in the Datarius ecosystem.

Datarius is:

  • Pay what you want;
  • Three categories of P2P Lending Listings with different risk levels;
  • Minimum system fees in accordance with the AI-based transaction risk levels;
  • The possibility of creating your own microcredit account;
  • The possibility of making lending fully automated due to the Trust Limits and a unique rule designer;
  • Your own rules for accepting loans automatically;
  • Credit cards under P2P lending;
  • Use of the international instant transfer systems;
  • Analysts, risk managers, combined credit rating based on BIGData and partner services;
  • Pools of lenders and borrowers automatically adjusted under AI-based criteria;
  • Complete freedom, reliability, and openness. At everything.

As well as:

  • The strongest team with more than 15 years of banking experience;
  • TOP blockchain advisers;
  • Successfully completed presale x4 over SoftCap;
  • Recognition at the conferences worldwide from Singapore to San Francisco;
  • Agreement with a major banking applications developer;
  • License application filed long before the presale.

Why participate in ITO?

  • DTRC token is a unique key and the only tool to access all the benefits of the Cryptobank; The tokens are based on the Ethereum platform.
  • The emission of tokens will end together with the round;
  • Fintech segment of p2p microlending demonstrates annually almost a 30.5% growth in developing countries;
  • Participation in the final round is the last chance to become an active user of the bank of the future and start earning money with the project.

What to do?

  • Visit the Datarius official website and register as a participant at ito.datarius.io
  • Hurry up to catch a 30% bonus in the first 6 hours of the round.
  • Participate in the project’s Referral Program and share your vision and information with friends to get an additional 5% bonus.

Are you sick of opacity, greed, and banality of the classical financial systems? Do you aspire to freedom of choice and financial products as a Pay what you want service? Do you believe in the future of decentralization and blockchain technology? Do you want to make money with your bank? Datarius is your social p2p crypto bank.

On March 5, 12:12 UTC at datarius.io demonstrate by your participation that the old banking system is dying.

Any contribution is of high value.

3..2..1..0 solid rocket booster ignition and liftoff of the Datarius!

#Cryptorize!

Blockchain-powered Ad Exchange AdEx Releases Beta, Meeting its Next Milestone

Advertising exchange platform AdEx has released its beta on February 26th. Among other improvements, the release offers accessible UI for publishers to list their ad inventory on the platform and advertisers to bid for the listed ad slots and submit their ads.

The platform’s core is an Ethereum-based advertising marketplace that has already been tested out in the real sector. Earlier the project has reached a partnership with the global travel media provider Ink and conducted world’s first blockchain-driven ad auction, selling 1 million advertising spaces onboarding tickets.

Fortunately enough, the project has chosen simplicity and accessibility over the bells and whistles offered by a number of projects attempting to get in the niche of blockchain-driven advertising. The team has also developed its second generation of smart contracts, allowing bids to persist as off-chain signed messages until accepted. Such an improvement alone will provide greater scalability potential, which is additionally reinforced by specific smart contract architecture compatible with second-layer scaling solutions. The official release announcement states that the new approach also opens up wider integration opportunities, mentioning Metamask and hardware wallets Trezor and Ledger.

It should be mentioned that AdEx beta was expected to be released ahead of schedule in October 2017, but the company has opted for building a yet better product and reverted to the initial schedule. Considering that typically projects try to please the audience rushing undercooked products to the market, this wasn’t, in fact, an unwise decision. As the company itself puts it in its blog post:

“At that point, we made the decision to stick to our original release date for the benefit of a superior decentralized app. We knew that a part of our community would be disappointed but our choices have always been directed by scalability, efficiency and user experience.” — AdEx Blog.

Yet, the steps are taken, in turn, let the team spice up the beta release with the improvements not meant to be anticipated before 2019 with the AdEx V.2. Therefore, the project is still well on its course, optimizing the whole year-long development stretch. It’s safe to say that shortly advertisers and publishers will be able to figure out for themselves if the tradeoff was worth it. In this regard, the team has expressed commitment to respond to users’ feedback and tweak the product accordingly.

Earlier in mid-2017 AdEx has successfully distributed 40,008 ETH worth of tokens, showing surprisingly steady price dynamics. The project also has a significant list of partnerships within blockchain industry and beyond, including the aforementioned Ink, NEO, Wings platform, Fintech Blockchain Group, Snip, AdHive, and others. As for the future plans, the project aims to further explore scaling options, add more ad types, such as video and interactive ads, and work on its SDK for mobile platforms.

Here’s How the Internet of Value Can Trigger Mass Market Adoption for Blockchain

Blockchain technology is a disruptive phenomenon and the world has not even begun to scratch the surface of the unprecedented paradigm shift that it will engender. Bitcoin, one of the interesting applications of blockchain application is simply a daring gamble on the part of Satoshi Nakamato, but the world will never go back to be the same. Of course, Bitcoin is not the only cryptocurrency and there’s now a growing list of cryptocurrencies that have the potential to develop better value than Bitcoin, but I digress.

Before the development of cryptocurrencies, there was no way to transmit value from one person to another without using the instrumentality and support of third parties. The third parties simply provided the “trust factor” to facilitate exchange and transfer of value. With the introduction of Bitcoin, people caught on to the revolutionary concept of instantaneous peer-to-peer transfer of value.

However, the proliferation of different blockchain projects and cryptocurrencies has opened up another Pandora’s Box of new challenges. One of the biggest challenges facing the cryptocurrency market is the lack of cooperation/interoperability among the different blockchain projects.

The Internet of Values is birthing a new order

The Internet and the information highway that it powers is superb; yet, the internet remains largely limited in its ability to facilitate the transfer of value. When you send information (an email, PDF, PowerPoint, whatever) over the internet, you are not sending the actual information; rather, you are sending a copy of the information to the recipient – no value has changed hands.

When you buy stuff online or send money to someone, you are not actually transferring the value (money). What an online purchase/transfer does is to send information to an intermediary such as a bank or a credit card company to send a certain amount of value to the recipient. When someone sells a stock; they don’t actually send the stock over to the buyer; rather, they instruct an exchange to send the stock purchase to the buyer. Unfortunately, the intermediaries saddled with this transfer of value usually provide the service for a fee and it takes some time to execute such instructions.

With blockchain technology, we now have an internet of values where there’s an actual exchange of value from one person to another without the facilitation of a third party. One of the biggest reasons behind the popularity of cryptocurrencies is that they facilitate a peer-to-peer transfer of value and they eliminate double spend because you can send and hold a cryptocurrency at the same time.

Meet 2 blockchain startups promoting the Internet of Values

Unfortunately, the multiplicity of blockchain protocols is undermining the ability of blockchain technology to serve as a tool for a decentralized transfer of value. The Bitcoin blockchain is different from the Ethereum Protocol; hence, you can’t ordinarily send Ether to a Bitcoin wallet and hope for a successful transaction even though both ETH and BTC are built in blockchain technology.

However, if there was a way to engender cross-chain transactions across the different blockchains, we will be on our way to seeing a truly peer-to-peer economy built on trust. Below are 2 interesting startups trying to bridge the interoperability gap to birth a true Internet of Values with blockchain technology.

FUSION

Fusion is an innovative blockchain solution created to bring the interoperability gap between different blockchains by engendering cross-chain transactions. FUSION also has the potential to engender off-chain transactions as the inevitability of a value-driven economy becomes more pronounced.

For blockchain technology to jump from the early adoption phase into the mass market, stakeholders need to present a united front that makes it easy to transfer value between different chains. The interoperability between different chains will, in turn,n make the thought of adopting cryptocurrencies less daunting for potential users – once you understand how one cryptocurrency works, you’ll be able to exchange value with users of other cryptocurrencies.

Fusion is particularly interested in finding ways to leverage smart contracts to promote the adoption of cross-chain transactions. Smart Contracts on Fusion will be able to pull and render data from different data sources online, on-chain, and off-chain, and the Smart Contracts will have the capability to render different kinds of contextual logic in execution.

FUSION believes that its innovative kind of smart contract will have applications in insurance, wealth management, banking, lending, and in other financial arears. Interestingly, Fusion has created the FUSION (FSN) token to be used to facilitate the proof of work (PoW) and Proof of Stake (PoS) processes on the platform.

Wanchain

Wanchain also offers a unique solution for breaking the limitations on cross-chain transaction to activate increased adoption of mass-market adoption of blockchain technology. Created by Jack Lu, a blockchain entrepreneur and technical expert, Wanchain is creating a new distributed financial infrastructure that will connect the world’s digital assets.

In order to facilitate the digitization of assets, Wanchain has built an internal private blockchain through which users can build smart contracts for a practical transfer of value. Wanchain believes that its cross-chain capabilities and its smart contracts, could make it an intermediate protocol between cryptocurrency exchanges.

However, Wanchain’s use case are not limited to cryptocurrency exchanges alone. Financial institutions can leverage Wanchain to build asset management tools to minimize exchange counterparty risk and ensure privacy protection on trading positions. The Wanchain platform can also serve as a tool for launching ICOs easily because it’s cross-chain capabilities make it easy to collect funds from different kinds of cryptocurrencies.

How AI and Automation Can Help Crypto Investors Trade Better

Hundreds of new cryptocurrencies have been created and offered to investors through initial coin offerings (ICOs) over the past year. Millions of new users entered the crypto space in 2017 during this ICO boom. More are jumping on the bandwagon this year.

However, despite its rapid rise in popularity, investing in cryptocurrencies isn’t without technical difficulty. Most people who’ve heard of cryptocurrencies – and many who have put money into it – only have a vague understanding of how these work as investment vehicles. Confusion among new investors has been high due to the abundance of coins and their fluctuating valuations.

Bitcoin 3M Chart
Bitcoin 3M Chart

Cryptocurrencies are highly volatile. It’s has become common to hear stories of investors who entered the crypto market during the boom, only to panic sell when prices suddenly dropped. Even seasoned traders are, at times, influenced by their emotions. It can be hard for traders to ignore the stream of Wall Street bigwigs and government officials expressing their lack of faith in cryptocurrencies when the markets echo their statements.

Navigating crypto investing takes plenty of skill and know-how. Fortunately, there are also some powerful tech-driven tools that could help both fledgling and experienced traders make sense of the wild crypto market. Artificial intelligence (AI) are now finding their way into crypto activities and even creating synergies with blockchain technology to help address these concerns. Ventures like Endor and Signals are all embarking on projects that can potentially impact crypto investing in major ways.

Lower Barriers to Predictions

It is important to understand how AI fits in the context of crypto investing. According to Endor CEO and Co-Founder Dr. Yaniv Altshuler, by using AI, an investor or analyst “can take past-data, let’s say, the price of an asset at each day during the past year, and all of the places and times it was mentioned in social networks and use mathematical tools in order to produce a prediction regarding whatever it is we are interested to predict the asset’s price a month from now.”

Doing such an analysis without AI is tedious and impractical. However, the tools and expertise necessary to analyze such data are only typically available to large enterprises who have the resources to invest. Accurate predictions do not come cheap.

“The quality of the prediction depends on the quantity and quality of the data, the quality and sophistication of the mathematical models used, and with some extent also to the amount of computation power that can be dedicated to solving this problem,” Dr. Altshuler says.

There have already been significant developments in this area. For instance, Endor has successfully worked with several large enterprises in analyzing behavioral patterns in big data. The firm, an MIT spinoff, uses social physics or the use of physics-inspired tools to analyze behavior in human-driven events. It has successfully developed what they call the “Google” of predictive analytics – an AI-driven technology that allows users to simply enter questions and quickly get accurate predictions.

The company is now moving into the crypto space through its Endor.com Protocol – a blockchain protocol that makes predictive analytics accessible to ordinary users. Using a token economy, the protocol encourages participation of data owners and developers who could contribute to improving the system. By tapping the shared expertise and custodianship of crowds, this ecosystem ultimately makes tools and predictions more affordable.

Endor is also able to analyze blockchain data to generate predictions. Behavioral patterns from blockchain transactions could help make sense of the factors that drive the highly-speculative crypto market. Using the protocol, investors will be able to readily spend Endor’s EDR tokens to pay for predictions without having to learn advanced data sciences or invest in big data infrastructure.

Monetizable Insights

Signals is a marketplace for trading strategies. It aims to establish a comprehensive ecosystem that enables crypto traders to make critical decisions informed by hard data. The platform can also be used as a means for data scientists to monetize their insights. By creating and selling indicators and signals crypto traders are able to optimize their profits.

Like Endor’s protocol, Signals’ platform has been developed so that its users do not need to have high levels of technical expertise or extensive programming knowledge. The platform uses AI to combine various trading models in order to make them easier to use. Instead, the algorithms used in market indicators on the Signals platform are assembled and optimized through easily-understandable visual media.

Signals are also developing tools for integrating external data into its network. Signals plan to incorporate platforms that can be used to create prediction markets into its own system. Prediction markets rely on crowd-sourced wisdom to predict the futures of events including financial markets. Having such monetization mechanisms available incentivizes data scientists and savvy investors to share their market predictions with ordinary investors.

Pavel Nemec Signals CEO and Co-Founder says, “There is a large amount of extremely bright people in the data science and crypto trader communities who are not working for Wall Street hedge funds and don’t have access to the necessary infrastructure, resource, and data to train their trading models. We are creating an environment where they will have all of that and more including machine learning-based indicators, data from blockchain-based prediction markets, media monitoring and sentiment analysis, blockchain monitoring to detect the activity of whales, and so on. “

Interoperability and Automation

These prediction and analytical tools help investors make the most informed trading decisions. What could further bolster this, however, are better interoperability among blockchain platforms and automation.

There are now efforts that promote interoperability and data exchange not only across blockchains but with traditional centralized institutions as well. Blockchains currently cannot transact with each other out-of-the-box, limiting trading tokens to crypto exchanges. Because of this, real-world adoption of cryptocurrencies for day-to-day financial transactions has been limited.

Combined with AI-driven services, the interconnectedness of blockchains could allow for the creation of apps that can automatically execute trades based on a multiple of market factors and not just the events concerning one blockchain or cryptocurrency. Investors will be able to take advantage of automation rather than having to constantly monitor all these factors in order to time the market right.

Better Insights and Trading Strategies

Transactional data are also currently limited to each blockchain. While tools such as Endor can be used to analyze blockchain data, insights would only be based on trading and behavioral patterns for one cryptocurrency. Data from cross-chain platforms can reflect how blockchain and cryptocurrencies relate to wider aspects of finance. This has the potential to reveal more complex patterns and yield richer insights when analyzed.

Other forms of interoperability could benefit the space. Data scientists and other experts who have built indicators and trading bots outside of the Signals platform can integrate their creations with application programming interfaces or APIS. This could lead to interesting mashups and diverse functionalities.

Wider interoperability across blockchains eventually creates richer sources of data from which AI can learn and generate insights. This helps traders create more informed and calculated strategies. Used alongside automation and cross-chain platforms, these could also help minimize the impact of volatility and speculation for traders.

Crypto Update: Bitcoin and Other Cryptos Feeling Some Heat

Venezuela held it pre-launch of the Petro and it is reporting a success. Dennis Gartman, the U.S analyst, and investor have taken a major financial loss because of Riot Blockchain.

Selling Pressure Develops, BoE Governor a Critic of Cryptocurrencies

Cryptocurrencies have come under pressure the past day. After two weeks of a solid trend upwards, a selling trend has developed but the declines have not been massive. Bank of England Governor Mark Carney was asked about cryptocurrency yesterday and stated the obvious when he stated it is not traditional money and expressed the sentiment that he is not a big fan. And Venezuela is claiming success after the launch of their ICO called the Petro. The Venezuela government claims to have raised 735 million U.S Dollars via the introduction of its own cryptocurrency. But the numbers are hard to verify for a number of reasons – chief among them because this is Venezuela we are talking about.

Term Resistance Developing in Bitcoin, Momentum Shift Seen

Bitcoin is testing short-term support and is priced around 10,200 U.S Dollars per coin. After reaching highs on Tuesday which tested one-month resistance levels near 11,600, Bitcoin has faced two days of selling pressure. Important support looks to be around the 9,600 mark, and should that ratio fail – the 8,900 juncture looks vital. Sentiment has been solid the past couple of weeks in Bitcoin and there has been a lack of outlandish volatility. However, the past two days of trading indicates a change in momentum may be brewing, and speculators need to be alert.

Bitcoin 4H Chart
Bitcoin 4H Chart

Riot Blockchain Brings on Major Loss for Dennis Gartman

Dennis Gartman who is a well-known financial analyst and investor in the United States has had unwelcome news. Gartman has been a loud critic of cryptocurrencies for a while. However, Gartman apparently made a sizeable investment in a company called Riot Blockchain. Unfortunately, CNBC ran an expose on Riot Blockchain which helped fuel a decline of over 30% on Friday for the equity. And Gartman who held a big position has reportedly taken a very bad loss because of the investment.

Cryptocurrency Seminar to be held in London at Arbor City Hotel

The Finovate Middle East conference will get underway on Feb 26th in Dubai and will feature FinTech experts in banking, payments, and compliance.

  • 26-27th, UAE, Finovate Middle East

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Bitcoin Traders Reacting to Positive Sentiment

Trading sentiment has improved on the heels of an implied endorsement made regarding Blockchain via the CFTC Chairman during a Congressional hearing on Monday.

Traders Reacting to Endorsement of Blockchain, India Seeks Tax Revenues

Cryptocurrencies have continued to recover from their lows made earlier this week, when a flurry of developing news created poor speculative conditions. Traders have reacted positively to the implied endorsement via the U.S Congressional hearing earlier held on Monday that Blockchain technology will play an important part in international transactions in the coming years. And it has been reported today, that India intends on pursuing tax revenues from traders within its nation who have profited from trading in cryptocurrencies.

Bitcoin Fights Back from Lows, Test of Key Resistance Underway

Bitcoin has been able to fight off lows. It has gained in a rather stable fashion the past few days and is near 8,200.00 U.S Dollars per coin. Key resistance appears to be the 8,800.00 level short term. If Bitcoin is able to climb above this resistance, traders may find additional momentum. Support for the cryptocurrency is around 7,400.00 U.S Dollars. The value of Bitcoin continues to be impacted by the reaction of traders to market news and the sentiment it generates.

Bitcoin 1H Chart
Bitcoin 1H Chart

 

 

 

 

 

 

 

Japan’s FSA Expanding Inspection of Cryptocurrency Exchanges

Reports are circulating the Japanese government intends to carry forth a broad inspection of cryptocurrency exchanges working in the nation. The action comes as the Coincheck hack continues to generate news, and Japan’s Financial Services Agency takes a closer look at Coincheck’s operating procedures and accounting.

Manila Cryptocurrency Show Coming Next Week

A cryptocurrency event will be held in the Philippines on February the 12th which will include panel discussions and networking opportunities for participants.

  • 12th, Philippines, Crypto Currency Expo in Manila

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.