Friday, October 20, 2017

Blockchain in trucking: What about the middlemen? - Fleet Owner

Fleet Owner

Blockchain in trucking: What about the middlemen?
Fleet Owner
In trucking, blockchain technology is said to expedite and better secure freight movement transactions for shippers and carriers. According to Sandeep Kar, chief strategy officer at Fleet Complete, numerous groups are actively considering this technology.

from blockchain - Google News

E-Chat Pre-ICO: First Decentralized Messenger with Capabilities of a Multi-currency Crypto-Wallet

The e-Chat team announced the release of a revolutionary product on the ICO, which will undoubtedly interest both large investors and ordinary users.

[Note: This is a press release.]

The product developed by the e-Chat team combines such functions as:

  • the possibility of a classic messenger
  • finance (multi-currency crypto-wallet, with the ability to connect bank cards and other payment services)
  • quality content
  • data protection

Let’s take a look at the e-Chat application. It’s about a decentralized messenger based on the blockchain technology. You will discover a fast and secure messenger with the usual functionality: messages, audio and video calls, group chats, stickers and bots.

What makes it so special?

When registering your account, you get an access to the multi-currency wallet with a starting bonus in the form of internal cryptocurrency. You will have the opportunity to send both cryptocurrencies and fiat money to your friends and acquaintances directly in the messenger. In addition, you can pay for services on the Internet or offline with the help of NFC and QR-codes.

The ability to store funds within the application is justified by a unique security system that includes:

  1. peer-to-peer connection
  2. end-to-end encryption
  3. double authentication of payments, etc.

One of the important components in the promotion of products is the involvement of opinion leaders. In this regard, e-Chat has any chance of success! In addition to all the above features, an instant messenger with the functionality of the decentralized social network is built into the messenger. To monetize your content, bloggers do not need to resort to the help of advertisers. Users can put the likes on real money.

According to the developers, in a year the number of messages sent in e-Chat will amount to 1 billion per day. Right now, the experienced team is working on improving e-Chat (at the moment you can download working versions of the application for iOS and Android). In addition, the team received permits to use the application in China, which allows you to get one of the largest application markets in the world!

Read more about the project on the official website –

Images courtesy of e-Chat

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Traditional Media Outlet Amazed by Prime-Ex Perpetual, a Blockchain-Powered Real Estate Project

The ongoing debate whether tokenized investments are good or bad for investors won’t die anytime soon, but that hasn’t stopped a blockchain-powered real estate project working its way up to prove the credibility and viability of intelligent, asset-backed ICOs. Prime-Ex Perpetual, a Panama-based real estate company, recently appeared on a talk show hosted by prominent … Continue reading Traditional Media Outlet Amazed by Prime-Ex Perpetual, a Blockchain-Powered Real Estate Project

The post Traditional Media Outlet Amazed by Prime-Ex Perpetual, a Blockchain-Powered Real Estate Project appeared first on NEWSBTC.


Tech Tent: Will AI and Blockchain be game-changers? - BBC News

BBC News

Tech Tent: Will AI and Blockchain be game-changers?
BBC News
Artificial intelligence, blockchain, cryptocurrencies - three terms you need to scatter through your conversation if you want to come across as a tech guru. On Tech Tent this week we examine these trends and ask a futurologist to predict which of them ...

and more »

from blockchain - Google News

Blockchain Lending Services Karma and MicroMoney Announce their Strategic Partnership


Singapore, 20 October 2017. – Blockchain lending services providers MicroMoney and Karma announce their strategic partnership today. MicroMoney, a global fintech company and a market pioneer blockchain credit bureau, and Karma, a global transcend p2p-scoring blockchain platform, have signed an agreement allowing them both to receive benefits from their user networks and technologies.

According to the agreement, Karma now can use MicroMoney’s unique scoring system based on AI algorithms and neural networks, to assess any of its customers. Also, Karma will share an information about their users’ social rating with MicroMoney that will enhance the MicroMoney’s scoring database with more detailed data to help to assess customer’s creditworthiness more accurately. In the upcoming several months, partners intend to build the data and technologies exchange.

MicroMoney with its mission of financial inclusion for over 2 billion of unbanked and underbanked people to the global financial system and Karma, intending to create a global community with a high level of mutual trust, are now able to work together to implement their visions and to provide business advantages for each other. Also, both companies are currently engaged in token distribution campaigns to speed up its expansion in the emerging markets.

As George Goognin, a founder of Karma platform, says, “I have personally met MicroMoney’s team and I saw that they are ready for cooperation. Their scoring methods are based on how people interact with their smartphones, and I believe that a mobile phone is a useful tool to enrich our set of scoring parameters. The social services MicroMoney provides now are critical in emerging markets where the majority of people are still unbanked and credit bureaus stay practically empty without credit histories. Now investors involved in Karma project worldwide can get a quality assessment of borrowers in several Asian countries. We believe that is an important step to increase the level of trust between different cultures.”

Anton Dzyatkovsky, co-founder of MicroMoney, states, “We are happy to start the partnership with Karma as we share the same vision and the same mission to help billions of people to be financially included. MicroMoney has its unique scoring tool allowing to manage risks and assess creditworthiness in the countries where 90% of people never applied for any bank services. It is important for us to provide them with green and transparent social loans.”

The companies are going to do their best to realize their missions to make the access to extra funding available for billions of people in Asia, Latin America, and Africa to improve their quality of life.

About MicroMoney

Founded in 2015, MicroMoney International is a global fintech company offering financial services for the unbanked in the emerging markets, and access to the unbanked audience for banks, trade, and financial organizations. MicroMoney is a fast-growing company with $1.86 million paid-in capital and over 85 employees.

MicroMoney makes lending decisions using a proprietary, based on AI algorithms and neural networks mobile scoring system as opposed to collateral or paper documentation. MicroMoney collects customers’ opt-in mobile phone data to assess potential borrowers’ score rate and to share the data with financial institutions worldwide.

About Karma

Karma is a global decentralized blockchain-platform, where people and companies can interchange directly to each other. The platform enables p2p scoring and lending around the world, with any assets, collaterals and interest rates. Karma helps to create social and economic relations between people around the world: from pawnshops to charity organizations, from cash loans to direct exchange of goods and services.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

from The Merkle

The Gates Foundation Just Launched a Blockchain-Powered Mobile Payment System - Futurism


The Gates Foundation Just Launched a Blockchain-Powered Mobile Payment System
The Level One Project, the umbrella blockchain effort by the Bill & Melinda Gates Foundation, started in 2015. Now, they've developed an open-source platform that lets various financial services to work seamlessly as a payment service for the poor.
Gates Foundation Launches Blockchain-based Mobile Payments SolutionCoinTelegraph

all 27 news articles »

from blockchain - Google News

Mastercard Expands Access to B2B Blockchain Payment Tools

Credit card giant Mastercard has opened access to its blockchain APIs, indicating it wants to focus on business-to-business and cross-border payments.

from CoinDesk

Confideal Announces New Partnership with BugBounty.Center

Confideal is pleased to announce that it has entered into a partnership with in a move designed to add even more security to its smart contract management platform.

[Note: This is a press release.]

From now on, the Confideal community will enjoy an extra level of security with the addition of as our newest partner.  On top of Confideal’s already robust security, all of our smart contracts and products will undergo a security audit – which they must pass – on the BugBounty platform. The end result will be a significantly reduced risk of hacking.

Confideal users will be able to rest easy, secure in the knowledge that their contracts and transactions are protected from hacking attempts and theft of funds.

About is a decentralized platform providing an opportunity to search for security flaws and vulnerabilities for third-party companies in the field of blockchain technology and smart contracts.

The platform acts as a single informational hub for all bug bounty programs held by blockchain projects. It is aimed at helping to effectively structure and conduct a search for security deficiencies for interested companies.

The BugBounty.Center forms and develops a community of “white hat” hackers based on blockchain technology.

For more information about, please visit their website.

About Confideal

 ConīŦdeal is a visual smart contract builder that makes creating, managing and enforcing smart contracts easier than ever before. Users with no coding skills can create enforceable, self-executing and secure digital agreements powered by Ethereum for all types of transactions.

The platform’s built-in arbitration module allows users to resolve contract disputes using top-rated arbiters without any need to reveal personal data. It offers a revolutionary opportunity for enterprises, small companies, and individuals to set up and execute deals without the need for costly intermediaries.

For more information about Confideal, please visit

Images courtesy of Confideal

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Open Source: Token Best Practice


  • Crypto Assets such as Bitcoin, Ethereum and Ripple have reached mainstream adoption in many parts of the world with retail investors now getting exposure.  Yet at the same time we have seen China and other jurisdictions put in outright bans, whilst Japan and Switzerland seem much more open.  The consumer is left in need of protection and businesses require certainty as the market grows.  The true transformative potential of Crypto Assets can be best realised when this happens.
  • The development of Token Sale, Token Generation or sometimes colloquially “Initial Coin Offerings” (ICOs) represents an entirely new model of fundraising. Put simply, they allow start-ups to raise capital by selling digital tokens to investors that allow them to use the digital services that start-ups plan to produce or sell them if they rise in value.  Examples include Tezos (which raised more than $232 million, Filecoin $252 million and EOS from which raised more than $150m initially)
  • A cross between crowdfunding and an initial public offering. Token Sales enable new innovative companies to test the market appetite for their ideas by tapping into an unprecedented supply of global capital through digital platforms and virtual currencies.
  • This diversifies the funding options available for start-ups who have traditionally been overly reliant on geographically restricted venture capital, or crowdfunding services – while democratising finance for consumers.
  • In an environment with increased investor protections and minimum standards, Token Sales could put jurisdictions that embrace best practice at the epicentre of the next phase of the internet’s development – with commensurate returns for investors and the local economy.
  • If managed badly without protections or minimum industry standards, there is the potential for this to look like the railway bubble of the 1840s.  We have seen recent work by Reuters suggesting that uncertainty in the “foundation” structure used by many token sales creates a number of risks
  • This blog post sets out a market overview of the risks token sales in their current form present, and the possible solutions and the benefits to an economy that is able to ensure these solutions are embraced and supported fully by the machinery of government.


This post discusses the ICO space in depth, but many of its lessons can be applied to the broader Crypto Asset space.

Market Overview

At the time of writing, £1.8 billion globally has been raised through ICOs with the vast majority being used to fund digital infrastructure (44.2%), such as new decentralised protocols, that could become the foundations for the next generation of Web 3.0 services.

Investor profile: While detailed information on the type of investors active in this market is limited, anecdotal evidence suggests it is a mixture of sophisticated wholesale investors alongside retail investors with wealth generated in crypto currencies who are looking for yield.

Outline of the existing ICO process

  • ICOs begin with the publication of a ‘white paper’ which outlines the basic idea behind the start-up, alongside a broad business plan for the future – not too dissimilar to a prospectus issued to investors in an IPO. 
  • This is advertised on a range of websites and ICO platforms and discussion forums to generate interest.
  • Then a smart contract is issued using the Ethereum platform which automatically provides tokens on receipt of a virtual currency such as Ether or Bitcoin.

Issues with the current market

  • Lack of standardised information: for investors contemplating investing any asset class ,the availability of clear, concise and accurate information is vital for price discovery, and an understanding of the investment risk involved.
  • Perception of risk: In the ICO market, investors are reliant on white papers, which are often nebulous documents written with varying degrees of quality and accuracy which can often make it difficult for investors to come to an informed position about a potential project.
  • Potential market manipulation: Investors are often reliant on alternative sources of information – such as discussion forums – which are open to potential market manipulation.
  • Variance in property rights: part of the challenges faced by regulators in this space has been defining the property rights of each token holder. Exactly what rights each token provides an investor can sometimes be difficult to discern and is often hidden in the small print.
  • Token distribution: When token sales take place, sometimes sellers will distribute the vast majority of their stake to investors and others will only distribute a minor amount keeping a majority stake in the project. The ownership structure for token issuance is currently opaque and difficult for investors to understand.
  • Access to secondary markets: Secondary markets are another vital tool for price discovery. Some tokens are issued with limited ‘lock-up’ periods where they cannot be exchanged on a secondary market and others are not. This is confusing for investors and the transferability of tokens needs to be addressed.
  • Investors’ blind search for yield: as with any new technological development, there is a significant risk of asset bubbles as investors overlook crucial details of a project in the search for yield. Balancing this with appropriate data and transparency will be crucial going forward.

Proposed policy solution

There is a wide range of policy options available – from the draconian to the benign. However, we would caution against a potentially impractical ban that would damage the jurisdiction’s openness and opportunities for FinTech innovation, and could prove ineffective.  Token sales are by their nature international and could easily take place outside a given jurisdiction and remain easily accessible to investors.

Therefore, we strongly believe that a government could work with leading proponents of ICOs to create a best practice guide for token issuance. We believe such guidance would provide a useful indicator to investors to understand the risk profile of token sales while nudging the industry to tackle issues in the current market and encouraging the adoption of professional standards.

We would caution against a potentially impractical ban…we strongly believe that a government could work with leading proponents of ICOs to create a best practice guide for token issuance.

The approach should take inspiration from peer to peer lenders in the United Kingdom, which through the creation of the Peer to Peer Finance Association in 2011,  established a stringent set of minimum standards for operators and a code of best practice that has been adopted by the FCA. These broadly covered minimal capital requirements, segregation of funds, fair complaints handling clear marketing messages and much more – emulating much of the protections consumers would find in other financial services. This light touch approach helped new market entrants to provide new services for customers and has led to the UK becoming a global leader in P2P technology.

While it may be too early in the market for ICOs to expect a representative trade body, we believe it would be worthwhile exploring its potential with industry leaders.  Alternately, a working group or committee – could be setup to facilitate an open dialogue with industry and inform the Government’s approach to ICOs. This would help a jurisdiction maximise the benefit of this emerging technology alongside engendering greater protections for investors and consumers.

Benefits of the proposed approach

Working together with leading industry participants and developing the framework for ICOs, will have the following benefits for a jurisdiction that does so with intention and pace:

Democratisation of financial services:

  • Consumers: By removing the intermediaries which have traditionally sat between investors and high growth technology companies– predominantly venture capital funds – this enables investors to gain exposure to high growth technology start-ups.  In a low interest rate environment in the western world, consumers are seeing their savings in real terms being eroded through inflation. 
  • Professional Investors: Similarly, in a world with excess liquidity and a lack of growth yielding opportunities to invest in, the wave of innovation from the wider crypto asset space presents a new suite of opportunities investors already want to understand and get access to.
  • For start-ups: new companies can test the market appetite for an idea directly, without having to spend months or in some instances, years pitching for investment established investment firms.
  • Policy: Enabling firms to access global capital reserves from ICOs will help to close the funding gap – especially late stage scale-up capital – identified in the Patient Capital Review.

Creating GDP Growth

  • A Burgeoning Industry: While a small market in terms of capitalisation, ICOs are a leading indicator for all parts of the global FinTech ecosystem, and by demonstrating that a jurisdiction is open to new forms of innovation, the associated value growth can be captured by an economy.

By demonstrating that a jurisdiction is open to new forms of innovation, the associated value growth can be captured by an economy.

The Crucial PR Message for Innovators “Open for Blockchain Business”

  • Where ICOs lead Blockchain follows: While views on the merits of individual cryptocurrencies are mixed, it’s clear that a Government’s approach to the crypto asset markets will act as a global headwind for Blockchain and decentralised application developers.
  • Capturing the Value: The lack of taxation, corporate structure or even best practice guidance in many countries, and mixed messages of others, prevents governments from capturing the value in a $170Bn + market.  This market is more likely to grow over a 5 to 10 year time horizon than disappear, and is here to stay.  Action now is critical to be the home of this technology.

Action now is critical to be the home of this technology.

Potential risks

While there any many benefits of the proposed policy option it is accompanied with the following risks:

  • Retail investors: might not always comprehend the risks involved and any government intervention to work with the sector may be perceived that this is an endorsement of all crypto assets or token sales. Therefore, any public statement on crypto assets must be accompanied with a warning of the high-risk nature of these investments.
  • Crypto Asset Scams Require Management: prevalent in the press reports about token sales is the potential for scam coins, which are essentially nothing other than old fashioned traditional scams utilising modern technology. To mitigate this risk, the adoption of a code of conduct should professionalise the industry and educate investors sufficiently to stop most scam coin activity.  These scams are international in nature and are happening already today.  Action here is necessary to prevent these scams from impacting the retail or wider investor community as this asset class grows in international stature.

Action here is necessary to prevent scams from impacting the retail or wider investor community as this asset class grows in international  stature.


Cryptocurrencies and token sales are the next frontier in FinTech, and while many risks remain in the market, the overall benefit to society from an open approach to regulation will provide long-lasting benefits to the global economy and consumers.

The crypto asset space is a living experiment with real money and people’s lives are now tied in to its success. Ignorance is no longer an option. However, learning from the P2P industry regulation in the United Kingdom, best practice led by industry initiatives are already being developed in a number of corners and require the support and experience of a jurisdiction.  This action protects investors, creates growth and places a country at the forefront of the next wave industry transforming innovation.

Ignorance is no longer an option…Action protects investors, creates growth and places a country at the forefront of the next wave industry transforming innovation.

If you’d like to discuss the specifics of best practice across crypto asset and token sales for your jurisdiction please reach out to 11:FS.

The post Open Source: Token Best Practice appeared first on 11:FS.

from 11:FS

Zen Protocol And The Art Of Blockchain Relevance - Forbes


Zen Protocol And The Art Of Blockchain Relevance
One of the best books ever written is Robert Pirsig's Zen And The Art Of Motorcycle Maintenance. Even after several rereads and three decades, the words remain vivid, coherent and relevant. Essentially the book talks of madness and how motorcycle road ...

from blockchain - Google News