Everledger: Secure Transparent Digital Asset Ledger Vault?

Fidelity, Tencent & Everledger; Germany 'Bitcoin' Stock Exchange; Crypto Custodian Full Insurance

Fidelity, Tencent & Everledger; Germany 'Bitcoin' Stock Exchange; Crypto Custodian Full Insurance submitted by cryptoviser to Crypto_Currency_News [link] [comments]

Fidelity, Tencent & Everledger; Germany 'Bitcoin' Stock Exchange; Crypto Custodian Full Insurance

submitted by cryptoallbot to cryptoall [link] [comments]

Forget bitcoin. From Augur to Everledger, your life is destined for the blockchain

Forget bitcoin. From Augur to Everledger, your life is destined for the blockchain submitted by MrFalken to Futurology [link] [comments]

06-08 21:06 - 'Forget bitcoin. From Augur to Everledger, your life is destined for the blockchain' (wired.co.uk) by /u/blockstreet_ceo removed from /r/Bitcoin within 245-250min

Forget bitcoin. From Augur to Everledger, your life is destined for the blockchain
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Author: blockstreet_ceo
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Forget bitcoin. From Augur to Everledger, your life is destined for the blockchain

This is an automatic summary, original reduced by 90%.
The system created to run the bitcoin cryptocurrency has often been associated with less-than-reputable activities - from drug trafficking to ransomware payments - but Everledger is using the blockchain to fight crime.
This ID is then attached to the smallest quantity of bitcoin available transforming the coin into a stand-in for the diamond on a blockchain ledger.
Now banks, the intended victims of the blockchain revolution, are asking firms such as R3 to create private, closed ledgers that borrow some elements of the technology to streamline inter-bank cross-border transfers.
The blockchain was simply the spine of the bitcoin network, but today the technology is being used on a burgeoning list of distributed ledgers with varying degrees of openness, security and complexity.
"If you were to look at the blockchain startup environment only one year ago, finance would have dominated three quarters of it. That is natural, as bitcoin was the blockchain's first child," says Jamie Burke, founder of blockchain-focused investment firm Outlier Ventures.
From prediction market Augur to digital democracy project BitVote, the blockchain is expanding.
Summary Source | FAQ | Theory | Feedback | Top five keywords: blockchain#1 bitcoin#2 company#3 diamond#4 ledger#5
Post found in /Futurology, /ethereum, /ethtrader, /Augur, /Bitcoin, /CryptoCurrency and /BitcoinAll.
NOTICE: This thread is for discussing the submission topic only. Do not discuss the concept of the autotldr bot here.
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How does Everledger.io keep track of each individual diamond? /r/Bitcoin

How does Everledger.io keep track of each individual diamond? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Everledger.io wins the BBVA fintech talent awards in Europe /r/Bitcoin

Everledger.io wins the BBVA fintech talent awards in Europe /Bitcoin submitted by coincrazyy to BitcoinAll [link] [comments]

Forget bitcoin. From Augur to Everledger, your life is destined for the blockchain

Forget bitcoin. From Augur to Everledger, your life is destined for the blockchain submitted by unremovable to unremovable [link] [comments]

Forget bitcoin. From Augur to Everledger, your life is destined for the blockchain

Forget bitcoin. From Augur to Everledger, your life is destined for the blockchain submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Daily analysis of cryptocurrencies 20190924(Market index 39 — Fear state)

Daily analysis of cryptocurrencies 20190924(Market index 39 — Fear state)

tree

Tech Giant Tencent Leads $20M Series A For Blockchain Supply Chain Startup Everledger Everledger, the U.K.-based blockchain supply chain startup, has raised $20 million in Series A. The round was led by Chinese tech giant Tencent, with participation from other investors. Everledger CEO, Leanne Kemp, told The Block that the firm is looking to bring its solutions to China with the new capital.
BOJ Kuroda Urges Global Cooperation In Regulating Facebook’s Libra Haruhiko Kuroda, Governor of Bank of Japan (BOJ) said on Sept 24 that international cooperation was crucial in regulating stable coins such as Facebook’s planned Libra digital currency. “If Libra is introduced, it could have a huge impact on society,” Kuroda told business leaders in Osaka, western Japan, adding that policymakers must thus ensure that they apply the highest level of regulation to such stable coins.
Governor Of PBoC: CBDC Not Necessarily Uses Blockchain Technology, No Timetable Scheduled Yet While China is accelerating the development in digital payments, Governor of the People’s Bank of China (PBoC), YI Gang, clarified that although the research team of the central bank backed digital currency (CBDC) is taking blockchain, digital payments, and a range of frontier technologies into consideration, it is uncertain which one or ones will be used at last. Besides, the central bank has never preset a technical route for the CBDC, nor has it made any decisions on a precise timetable for the launch of the CBDC. YI Gang made the remark today on Sept 24 at the press conference for celebration of the 70th anniversary of the People’s Republic of China. The press conference focused on the latest ideas to foster a healthy, stable, and sustainable economy in the country. He added that the introduction of CBDC won’t change the current issuance or distribution of currencies. “The goal of the CBDC is to replace part of M0 (money in circulation), not M1 or M2,” he said. The Governor addressed that positive progress has been made in digital currency research. Note: M0 is the total of all physical currency including coinage. M1 money supply includes those monies that are very liquid such as cash, checkable (demand) deposits, and traveler’s checks. M2 money supply is less liquid in nature and includes M1 plus savings and time deposits, certificates of deposits, and money market funds.

Encrypted project calendar(September 24, 2019)

ENG/Enigma: Enigma (ENG) ENG main network token snapshot will end on September 24, the original start time is August 26. LINA (LINA): Lina Review will host the Lina network launch event in Ho Chi Minh City, Vietnam on September 24th and release a 10-year operational strategy. Cappasity (CAPP): Cappasity will showcase its digital signage solutions in luxury stores at the Paris Retail Week from September 24th to 26th.

Encrypted project calendar(September 25, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on September 25th at the University of Southern California in Los Angeles on the theme of “Building Your Own IoT.” Quant (QNT): The Quant project will participate in a marketing conference in London from September 25th to 26th, which will focus on data technology.

Encrypted project calendar(September 26, 2019)

ADA/Cardano: The Cardano (ADA) Cardano community will host a party in Washington, DC on September 26.

Encrypted project calendar(September 27, 2019)

BTC/Bitcoin: Cripto Latin Fest will be held in Cordoba, Argentina from September 27th to 29th. Switcheo (SWTH): After a one-year token exchange process, the project team will officially end the SWH→SWTH token exchange process on September 27.

Encrypted project calendar(September 28, 2019)

ADA/Cardano: Cardano (ADA) Cardano (ADA) 2nd Anniversary, Cardinal Foundation, IOHK and EMURGO main members will participate in community celebrations in Plovdiv, Bulgaria on September 28. TOP Network (TOP): The TOP Network team will hold a hackathon in Prague, Czech Republic from September 28th to 29th. Horizen (ZEN): Horizen project BD Rep Vano Narimandize will discuss the current status and development of sidechain technology at the Industry 4.0 Blockchain Summit on September 28.

Encrypted project calendar(September 29, 2019)

GAME/GameCredits: GameCredits (GAME) is expected to perform hard forks on September 29th at block height 2519999

Encrypted project calendar(September 30, 2019)

INS/Insolar: Insolar (INS) will be on September 30th ERD/Elrond: Elrond (ERD) will conduct main network test on September 30th NULS/NULS: The NULS team will plan to beta the ChainBOX in the third quarter. CS/Credits: Credits (CS) will exchange tokens and bug rewards in the third quarter QTUM/Qtum: Quantum Chain (QTUM) is expected to complete lightning network beta in the third quarter XEM/NEM: New World Bank (XEM) will release mobile wallet and computer wallet in the third quarter HC/HyperCash: hypercash (HC) will complete community management agreement in the third quarter

Encrypted project calendar(October 01, 2019)

HT/Huobi Token: The financial base public link jointly created by Firecoin and Nervos is expected to be open source in October. RVN/Ravencoin: Ravencoin (RVN) Ravencoin will perform a hard fork on October 1. ADA/Cardano: Cardano (ADA) plans to hold technical consensus meeting in Amsterdam on October 1st XRC/Bitcoin Rhodium: Bitcoin Rhodium (XRC) will record account balance awards on October 1st PPC/Peercoin: Peercoin (PPC) will perform Peercoin v0.8 (code tang lang) hard fork on October 1st

Encrypted project calendar(October 02, 2019)

BNB/Binance Coin: The 2019 DELTA Summit will be held in Malta from October 2nd to 4th. The DELTA Summit is Malta’s official blockchain and digital innovation campaign. CAPP/Cappasity: The Cappasity (CAPP) London Science and Technology Festival will be held from October 2nd to 3rd, when the Cappasity project will be attended by the Science and Technology Festival.

Encrypted project calendar(October 03, 2019)

ETC/Ethereum Classic: The 2019 Ether Classic (ETC) Summit will be held in Vancouver on October 3–4

Encrypted project calendar(October 05, 2019)

Ontology (ONT): Ony Ji will attend the blockchain event in Japan on October 5th and explain the practical application based on the ontology network.

Encrypted project calendar(October 06, 2019)

SPND/ Spendcoin: Spendcoin (SPND) will be online on October 6th

Encrypted project calendar(October 07, 2019)

GNO/Gnosis: Gnosis (GNO) will discuss the topic “Decentralized Trading Agreement Based on Ethereum” will be held in Osaka, Japan on October 7th. Kyber and Uniswap, Gnosis and Loopring will attend and give speeches.

Encrypted project calendar(October 08, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(October 09, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

Encrypted project calendar(October 10, 2019)

INB/Insight Chain: The Insight Chain (INB) INB public blockchain main network will be launched on October 10. VET/Vechain: VeChain (VET) will attend the BLOCKWALKS Blockchain Europe Conference on October 10. CAPP/Cappasity: Cappasity (CAPP) Cappasity will be present at the Osaka Global Innovation Forum in Osaka (October 10–11).

Encrypted project calendar(October 11, 2019)

OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.”

BTC completed the downward break of 9890, the key hint of yesterday’s closing, in yesterday’s trading yesterday, and accelerated the downward trend further at night, and achieved the effective arrival of the first support line 9600, which was suggested in yesterday’s closing. Although the price has come out of a certain rebound performance, the actual rebound strength is limited. The forward market still operates in the disadvantaged areas. However, the rebound in early trading seems to be only the technical rebound correction after the first round of decline touches on the clear support position. It is reasonable that the price rebound correction occurs after the serious oversold of short-term indicators is consistent. Therefore, it is not recommended that the current rebound be interpreted excessively as long as the price remains at 98. Running below 90, the short-term downward target of 9400 mentioned in yesterday’s closure is still worth looking forward to. For BTC, the idea of short-term trading follow-up is further simplified. After the first wave of short-term orders landed smoothly, the short-term can continue to use 9890 and 9600 as benchmarks. The price reversal test of 9890 is again frustrated, or it is confirmed that after falling below 9600, a new round of short-term follow-up can be done to catch up with the target of 9400. When 9400 is in place, as long as there is no extreme situation of instantaneous dive breakdown, it is recommended to make profit settlement in time. This position can be used as a reference for strong support of midline level. There is a greater possibility of forming band stop-fall reversal near this area, and it is worth making key observation after it is in place.
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warning - hackathon winning blockchain based idea stolen by industry...

wanted to put this out as a warning to anyone going along to hackathons and pitching bitcoin/blockchain based ideas. just had to write this email to techcrunch...
Hi,
Your article:
http://techcrunch.com/2015/06/29/everledge
contains inaccuracies that a bit of research would have uncovered.
"She presented her idea at an Aviva hackathon last year.."
I was on the 2 man team that won aviva's startup weekend last year with this idea.
Leanne did not come up with the idea or present the idea she wasn't even a full member of our team, all she did was steal the idea.
It was 100% Edward Harpham's idea.
He had the idea for a blockchain based ledger for recording your personal property that could be used by insurance companies to check and verify claims.
The idea was all done and ready to present by saturday afternoon, Ed just had to finish up the working technical demo and I just had to finish the keynote.
We then talked to Aviva's guy Paul Heybourne and he said it would be great for them in verifying luxury items claims such as watches and jewelry.
He then introduced us to leanne kemp as she worked in the industry, she told us more about how the diamond industry worked and about diamond certification.
She did not have any substantial understanding about blockchain or even bitcoin. Her only contribution was that Ed's idea could be applied to the diamond industry for verifying certificates.
I said it would be good for the presentation to just narrow down the idea's application to one specific use = verifying diamond certification. As we felt sorry for leanne not having a team we let her join ours as a token gesture, but she did not contribute anything beyond suggesting that Ed's idea could be applied in the diamond industry.
I then wrote and presented the entire pitch on the sunday and Ed did the fully working technical demo. You can see the work and presentation I did here: https://www.behance.net/gallery/24096221/IceChain-App
Therefore if you could amend your article to either give credit to myself and Edward Harpham for winning the hackathon with our idea and leanne then stealing it. or remove any reference to leanne coming up with the idea and presenting and winning the hackathon, that would make the article more factual.
thanks,
** edit*** I think people are misinterpreting the post as if I'm bitter and angry and complaining about it. I'm just a designer and It wasn't even my idea. My personal view is fair play to anyone who uses the idea legitimately (ie someone who works hard to develop and make the idea on their own and give due credits as opposed to straight rip off plagiarism). So you can stop frothing at the mouth a quoting "execution not ideas!" from your 'entrepreneurship for dummies' at me. I was just offended about that one particular person was claiming she came up with the whole thing herself when she most certainly did not. Also I wanted to warn other people about hackathons as they might really be invested in their idea and then see it poached by someone else which could be devastating to them. Also I was really interested in provoking a discussion about what has value: the ideas, or the implementation? should the work done at hackathons be protected or is it all public domain? thanks to everyone who discussed, apologies for any overly antagonistic replies:D
submitted by hxcast to Bitcoin [link] [comments]

Wheaton Precious Metals to Deploy Blockchain in Metal Accounting Processes

Wheaton Precious Metals to Deploy Blockchain in Metal Accounting Processes
Precious metals streaming company Wheaton Precious Metals (WPM) will use blockchain technology to facilitate its metal accounting processes, mining.com reported on June 12.

WPM has reportedly hired software company Blockhead Technologies to deploy its blockchain-based platform STAMP to streamline metal accounting processes. Specifically, the platform purportedly enables its users to track and source certification into mining value chains. By using the platform, WPM aims to boost data management processes and conduct data analysis.

WPM is one of the world's largest precious metals streaming companies. In the fourth quarter of 2018, WPM reportedly generated nearly $110 million in operating cash flow, bringing total operating cash flow for the year to over $475 million. The company produced over 370,000 ounces of gold, 24 million ounces of silver and 14,000 ounces of palladium.

Some other major producers and consumers of metals around the world have also integrated blockchain into their internal processes. In April, Volkswagen joined a blockchain-powered scheme to ensure the cobalt used in lithium-ion batteries for its electric vehicles is responsibly sourced.

In January, IBM partnered with MineHub Technologies to deliver a blockchain solution that will improve supply chain management in the mining and metals industry. The product is set to “increase the level of automation, reduce reliance on intermediaries and increase the speed at which goods are transferred from miners to end buyers.”

As reported last September, Hong Kong-based jewelry retailer Chow Tai Fook reportedly put records of some of its diamonds on a distributed leger developed by blockchain startup Everledger and secured by the IBM Blockchain Platform. This will reportedly enable the retailer’s customers to ascertain the origin and authenticity of gems sold in its T Mark-branded stores.

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BigchainDB: a prime example of blockchain bullshit

Intro

BigchainDB is "a scalable blockchain database" (which falls under the category of so-called "private" or "permissioned" "blockchains", I believe) which was released in February 2016. It generated a lot of hype due to impressive scalability benchmarks: it was able to process a million transactions per second.
BigchainDB got a lot of praise from private blockchain enthusiasts. It entered many partnerships, e.g. with Eris Industries, Everledger, Capgemini, etc.
But BigchainDB's architecture is fundamentally flawed. All BigchainDB nodes, by design, connect to a single RethinkDB cluster. (RethinkDB is a distributed NoSQL database, kinda like MongoDB but better.) If something bad happens to that RethinkDB cluster, the whole blockchains goes down.
E.g. suppose one node is hijacked by an attacker and executes "dropTable" on the RethinkDB cluster it is connected to. All other nodes will go down because they don't have an independent storage.
I think it's a beautiful illustration to Andreas Antonopolous's argument that private blockchains will end up less secure:
In the end, it also lags behind in terms of security because it’s not exposed to the kind of robust peer review that an open Internet-based system has to have to survive. While bitcoin is getting stronger and stronger with security, these things will actually wither.
The idea being that intranets end up being these really insecure places where you’re running Outlook and FrontPage and old versions of Apache that haven’t been patched. Whereas on the Internet, if you’re Facebook, if you’re Google, if you’re Apple and you’re operating Internet applications, you have to be robust. You have to respond to vulnerability. You have to make systems that are antifragile, resilient to attack and they’re constantly evolving and they’ve become very robust.
I used to think that this argument is weird, but we've got a confirmation: a system which is fundamentally flawed gets all the praises and people start building apps on top of it before it is thoroughly analyzed.

Proof

You might think I'm just making this up or exaggerating. It's hard to believe that all 9 people working on BigchainDB (that's how many co-authors its whitepaper has) don't see a problem with using a single shared RethinkDB cluster. I though that maybe I'm missing something, so I asked this question in their gitter:
killerstorm @killerstorm May 01 23:03 Hey people, do you I understand it correctly that all nodes are connected to a single rethinkdb cluster? what if one of nodes will execute r.dropDb(...)?
Rodolphe Marques @r-marques May 02 12:56 @killerstorm yes all federation nodes are connected to a single rethinkdb cluster. We are working on a consensus protocol that requires a majority of the nodes to agree in any change done in the database (voting of blocks is part of that consensus protocol). For data deletion we are listening to changefeeds on the data and revert any change that should not happen. Regarding more admin tasks like table and db drops we are trying to leverage rethinkdb permissions and replication to make sure no single node is able to just drop the database (still work in progress).
killerstorm @killerstorm May 02 15:39 Sorry, I don't see how changefeed can protect against data loss. Where would data come from after it's deleted? Is there a backup?
Rodolphe Marques @r-marques May 02 15:41 backups are a planned feature. Changefeeds can be used to restore data when documents are deleted. When documents are deleted the changedfeed will return the documents that were deleted Although changefeeds are not enough to prevent dataloss in case a node uses db drop.
So they confirmed that a single db drop can destroy this "blockchain database".
But they say that some time in future they will start working on securing their system. A day after I asked a question about dropDb, they added an issue: How to lock down the RethinkDB "admin" account?:
@killerstorm pointed out that anyone with admin access to RethinkDB could just drop the database. What can be done to prevent that and similar things (e.g. dropping tables)?
So, basically, 8 months after they started the project and 3 months after they released it publicly they became aware that this problem exists. Wow, just wow.

The mindset

Obviously, this isn't the only potential attack vector. It's just the simplest thing which came to my mind. There are probably thousands of serious attack vectors. The fundamental issue is that RethinkDB is not Byzantine fault tolerant, it is not designed as such, it's just an ordinary database. And so if you implement a "blockchain" as a thin layer on top of RethinkDB you get it exposed to potential attackers.
It's hard to imagine that none of people working on BigchainDB weren't aware of the problem, that would imply that all 9 people working on it are pants-on-head stupid.
No, they know that BigchainDB isn't "Byzantine fault tolerant", it is mentioned in the white paper.
They just don't see a problem with it. It is a startup mindset: make an MVP, "fake it till you make it", generate buzz... Security is literally their last priority. They believe that they will add security after they get a lot of money from partners, investors, etc. And, meanwhile, it's just a prototype, bro.
The problem with it is that it's highly misleading. Here's what BigchainDB paper says about security:
Byzantine faults: In order to operate in a trustless network, BigchainDB incorporates measures against malicious or unpredictable behavior of nodes in the system. These include mechanisms for voting upon transaction and block validation. Efforts to achieve full Byzantine tolerance are on the roadmap and will be tested with regular security audits.
It incorporates measures, you see. Mechanisms. Business people reading this will understand that it's "mostly secure".
While in reality it's like not secure at all. It can be destroyed with a single line of code.
The mechanisms they are talking about are hashes and signatures. It's similar to what Bitcoin does, but by themselves hashes and signatures do not make things secure. You need to use proper architecture and protocols. After all, hashes and public key cryptography existed for almost 50 years, but we've got Bitcoin only 7 years ago.
An apt analogy for BigchainDB would be a cargo cult of a blockchain tech: it has hashes like in a real one, it has blocks, etc. There is superficial similarity. But it doesn't "fly" like a real one, because superficial similarity doesn't define object properties.
And BTW that 1 M tps benchmark they didn't isn't impressive: they were, basically, testing RethinkDB IO speed (as they say themselves). Yep, sure, RethinkDB is great. BigchainDB, on the other hand...
The lack of focus on security is understandable when if you take into account that there are no serious uses for "private blockchains" yet. People are just experimenting with stuff, doing proof-of-concepts and whatnot. Everybody understands that you aren't going to have real adversaries when you run an internal test. So these make-believe blockchains are OK.
Maybe in future this stuff will mature app. BigchainDB might become secure if RethinkDB becomes Byzantine fault tolerant, for example. But, personally, I'm rather disappointed with the "security last" approach and deceptive marketing.

Disclaimer

I work in a company which might be, potentially, a BigchainDB competitor. This isn't a coincidence: obviously, "blockchain tech" people review blockchain tech software.
So this post might be seen as "shitting on your competitor" kind of a post, I understand that. But I'm writing this on my own, in my spare time. And when I mentioned BigchainDB to my colleagues, they recommended against writing any articles.
If you dig through my comment history, you can see that I've been critical to many things: Mastercoin, alt-coins, 21 inc Bitcoin computer, sidechains and so on. This is just what I do.
submitted by killerstorm to Bitcoin [link] [comments]

Public blockchain oligopoly risk.

The risk of a 51% attack often focuses on altering the blockchain; but could another risk be obtaining an effective monopoly on transaction fees? How could this occur?
Suppose a register of deeds or a certification process like the Kimberley process for diamonds agreed to use the Bitcoin blockchain as its system of record. Could representatives of a mining pool agree that transactions that have the characteristics of such registrations require some minimum fee to be processed and even perhaps exclude blocks that don't comply? If you wanted to register a deed or diamond, you would then be hostage to this. Of course one answer might be to make such conduct illegal, but that would require governments in the relevant countries to agree to enforce the law.
If you wonder how I came up with a crazy idea like this: A friend pointed me to a site that showed Everledger, a blockchain company that wants to register diamonds, wine, and a work of art. I wondered what the consequences would be if the Kimberley Process governance organization mandated registration on a particular blockchain.
submitted by endmathabusenow to Buttcoin [link] [comments]

Wired UK - "Forget Bitcoin, Your Life Is Destined For The Blockchain"

Wired UK - submitted by Bitcoinfriend to ethtrader [link] [comments]

Saudi Arabia, UAE poised to launch digital currency

http://www.arabnews.com/node/1208631/business-economy
Take what you want from this article. It is very interesting. We will see what happens from here.
Saudi Arabia, UAE poised to launch digital currency.
RICHARD WACHMAN | Published — Thursday 14 December 2017
Although there is much skepticism around bitcoin, the underlying blockchain technology is viewed as a groundbreaking system. (Reuters) LONDON: Saudi Arabia and the UAE are working on the launch of a digital currency that could be used for transactions between the region’s banks by using blockchain, the technology that underpins bitcoin.
Citing UAE Central Bank Gov. Mubarak Al-Mansouri, Reuters reported on Wednesday that UAE and KSA banks would issue a digital currency that would be accepted in cross-border transactions between the two countries. In a speech to a regional financial conference, Al-Mansouri explained that blockchain is a shared ledger of transactions, maintained by a network of computers on the Internet rather than by a central authority. Although there is official skepticism around bitcoin, blockchain is viewed as a groundbreaking system with huge potential for saving time and costs for businesses and financial services.
Arab News recently reported that banks around the world were looking to create digital versions of their currencies. Unlike bitcoin, these digital currencies would be backed by the monetary authorities and could one day replace cash. James Bernard, development director of the Dubai Multi Commodities Center (DMCC), told Arab News that a clear distinction should be made between blockchain, which offers huge potential, and cryptocurrencies that have faced hacking issues and massive swings in value. “Bitcoin is dependent on blockchain, but the blockchain technology is independent of bitcoin,” Bernard said.
The KSA and UAE central banks have in the past expressed skepticism about bitcoin, with the UAE Central Bank saying it did not recognize it as an official currency. In July, the Saudi central bank warned against trading bitcoin because it was outside the bank’s regulatory reach. On Wednesday, however, Al-Mansouri said the central banks wanted to understand blockchain technology better. He told reporters that the UAE-Saudi digital currency would be used among banks, not by individual consumers, and would make transactions more efficient. “It is digitization of what we do already between central banks and banks,” he said.
At a panel discussion on banking and blockchain during November’s Global Financial Forum — hosted by the Dubai International Financial Center — speakers agreed that blockchain was in its early stages and had many years before going mainstream, but all agreed the potential was massive. Leanne Kemp, CEO of Everledger, told the forum that banks could benefit from the immutable track-and-trace application of blockchain, which helps enhance trust and security. Brian Behlendorf, executive director at Hyperledger, explained that there are two different types of blockchain: Permissioned and permission-less, with the latter used by bitcoin. Behlendorf said he believed the potential benefits of the permissioned blockchain makes it attractive to financial institutions and other enterprises.
At the end of 2016, the Royal Mint of the UK announced plans to launch a digital gold product called Royal Mint Gold (RMG), a joint venture with US exchange, CME. A spokesman told Arab News earlier the system is now “up and running” and the Royal Mint is “in advanced discussions to sign up a number of corporate users.” "By using distributed ledger technology, we can make it more cost-effective and provide increased transparency for traders and investors to trade, execute and settle gold,” said the Royal Mint.
A decade ago, the UAE and Saudi Arabia discussed the possibility of creating a single currency among members of the six-nation Gulf Cooperation Council but the UAE pulled out of the project in 2009. However, diplomatic and economic ties between the UAE and Saudi Arabia have been strengthening this year, and last week the UAE said it planned to establish a bilateral committee with Saudi Arabia on economic, political and military issues.
submitted by revolution114 to Stellar [link] [comments]

Blockchain summit report: Day 2 - Final report for the week

Final day. I'm tired from 6 days of sessions, and many of the sessions today were more high level "we are a bank / enterprise that are looking into what the cloud can do for us". So I skipped taking notes for a lot of them.
`
Sessions
Factom. Blockchain Technology tools for net gen asset systems
Most of old asset records are paper based, difficult to update. Databases are too easy to modify. Blockchain is a happy medium.
They have a way to do document tracking on Blockchain.
Zcash
Issue is privacy on the Blockchain. It is a giant shared database, everyone can see what you are transacting. Like trading securities. Possible solutions: Private chain, restricted read access.
Could try to do it off chain and put hash on chain, but then the blockchain is just a timestamping service. Encryption can hide the values, but not the people. Ring encryption can hide the people.
Zero-knowledge security layer. Enables private transactions. Supports "Selective disclosure".
What the 2 parties see: Alice sells 1,0000 MSFT to Bob at USD 97.123
What the trade repository aggregator sees (selective disclosure): sells 1,0000 MSFT to at USD 97.123
What everyone else sees: sells to at
Internet has a security encryption layer (SSL). Cryptography (SSL) was required to let the Internet grow. Blockchain needs a security layer (ZK security layer)
Plans on releasing their zCash Blockchain on Oct 28
Bloq
http://bloq.com/ Bringing Enterprise to Blockchain. Trying to be like Redhat for Blockchain. Enterprise support 24/7, security fixes, monthly subscription.
"Blockchain operating system". On-premises software stack.
Open Bazaar
https://openbazaar.org/ Open distributed trade market. With no fees. Ebay & Taobao are C2C (Consumer to Consumer) trade platforms. Has an escrow style payment system. Buyer puts money into escrow, merchant sends, buyer releases from escrow.
Ebay is completely centralised. Every communication goes through Ebay and you pay them for the privilege. Open Bazaar is distributed, you talk direct to each other.
Challenges of Building Decentralised markets: P2P software more complex than standard websites. Designing incentives to encourage users to act responsibly. Ensuring software is secure & reliable. Translate difficult tech into mainstream user experience.
Benefits of buying & selling on OpenBazaar: sell ANYTHING you want, anywhere (some things just aren't available for purchase in that country). No buyer or seller fees. No data collection by 3rd parties. No restrictions on how you operate your business. Market of moderators that compete to provide quality dispute resolution.
Can purchase weird things like hot sauce, and North Korean cigarettes.
Version 2.0, you can purchase digitital goods (music, videos) and get it delivered instantly. Great for sellers as they will get to keep all the revenue, and not lose the 30% cut that iTunes takes.
Chronicaled
A turnkey solution to securely connect physical goods to a Blockchain. Blockchain benefits for IoT are incresingly recognized by developers and enterprise, and hundres of potential physical world use cases have been identitifed. The lack of a turnkey solutoin to securely connect and engage with assets with assets on chain is a huge barrier to development.
Turnkey solution: Ethereum smart contracts. BLE & NFS microchip inventory. Custom, secure chip firmware. Registration & authentication SDK. Open registry explorer. Tamperproof form factors so people can't functionally remove the chip. Device sends a challenge to the chip. Private key securely stored in the chip signs the challenge. Signed challenge is compared to public key stored on Blockchain. Has an open registry explorer (blockchain explorer)
Use cases: Authenticity & provenance. Handbags, fine art, wine, collectible sneakers, event ticketing. Atomic financial transactions. New sharing economies. Micro & peer to peer insurance. Collateral & security. Physical world affiliate networks. Machine to Machine interaction. Drone with a chip flies to a garage, it is recognised as being whitelisted, the garage door opens.
Everledger
Provenance means "the history of something". It's life story. Is very important for luxury items like artwork. You may have the expensive thing, but may have misplaced the certificate of authenticity. Digital global ledger to track items of value. Currently tacking diamonds (write its unique dimensions, physical properties, faults, etc. gives it a unique ID). Later if they are stolen and tried to be sold elsewhere, then can grab them. Currently 98,000 diamonds tracked on their Blockchain.
Can track provenance to track origins of rough diamonds, through to polished stone. To ensure that they don't come from conflict areas. Can have IoT enabled diamond analysis devices, that can auto get the properties and look up its authenticity in the Blockchain.
Augur
http://Augur.net Prediction platform built on Ethereum.
Would be cool to ask Siri/Cortana a generic question like "who will win the US presidential candidate will win the US presidency?". Predication market works by creating a market on a question. You purchase a share in the prediction, then if you predicted correctly, you get your share of the pool. "wisdom of the crowd". The average answer that comes out of a crowd is usually consistently better than an expert.
Stellar
International remittances of money transfers are expensive, with long delays. Legacy payment systems are expensive, complicated and slow.
Used to be unreliable to send email to each other, needed to manually specify routes. But SMTP made it a simple open protocol that anyone could use. Why hasn't this been adopted for payments?
Bitcoin allowed sending money as a single network. They want Stellar to be the protocol to send money from any 2 points, through any payment network. Like Alice pays Bob, but it goes through Bitcoin network, through Dash, then pays Bob in Doge.
submitted by DavidBurela to ethereum [link] [comments]

The Globalisation Of HealthCare

Revolutions have always been evident in the history of the world. May it is technological, scientific, political, religious or related to any other issue, revolutions bring out a change and push the ecosystem to the next level of goodness.
Such a revolution is embarking the healthcare sector these days. Undoubtedly healthcare has been a major issue of concern all over the world. Whether it is the spread of lethal viruses like Ebola, HIV or H1N1 or the day to day ailments of different people all over the earth.
Health is an important factor from every perspective. People with good health make a country healthy thereby increasing the efficiency, economic growth and prosperity of any nation. People with good health make their environment growing and active. Good health of children means good future of a nation. Thus, undoubtedly health is a crucial factor in our lives.
Healthureum is a global initiative which works to set standardization, scalability and bring out the best of social responsibility in the healthcare niche. Understanding the need for good health, Healthureum utilises the potential of current technological growth in the advancement of the healthcare sector.
Healthureum combines the BlockChain Technology and Smart Contract Technology. It provides features like interoperability, ethereum based smart contract, digital time stamp, authentication of services and infrastructure, etc to help the healthcare niche serve its best to people.
What Is BlockChain and Smart Contract
The blockchain is a chain of blocks that contain information with a digital time stamp. This information is stored in a distributed ledger which means that no central company or individual holds or owns it. The information once stored is unhackable, tamper-proof and permanent. Ethereum based Smart contract functions to reduce the costs of medical procedures by proper management of information and valid integration of service takers and providers.
How does this help?
Today problems like the low security of medical data, a low guarantee of medical records, no reliable authentication of medical practitioners, services, drugs and infrastructure, Double spending, frauds, middlemen issues and very less percentage of accountability and reliability behold the healthcare.
For this very purpose, the Healthureum blockchain beholds full potential to eradicate the majority issues and bring the global healthcare on one single platform. Not only this, it will make this entire ecosystem decentralized and distributed, this feature would work best to eliminate the problems of frauds, misleading and cheatings by middlemen or practitioners.
Healthureum data saving technique is the next generation technique. Each block of information has a unique identification code and the information is cryptographically recorded. The decentralized nature makes the data visible to everyone in the system yet not having any chances of alteration. This way the entire system acknowledges that who in the system holds what?
It is not a new concept to the world. Many big companies and banks in the world are working on the concept of blockchain and cryptocurrency. Bitcoins along with Nasdaq, Everledger, Citi, Microsoft are a great example.
Healthureum also uses Ethereum based smart contract system. This makes it free of human errors or mismanagement. Not only this reduces time but cost too.
With Healthureum there will be proper data syndication. The Healthureum will work toward Data management, doctor consultation, medical infrastructures, research programs, philanthropic activities.
Data Management Under Healthureum the users will be provided with access to their securely retained medical data in one place. There will be no chances of hacking, mismanagement or alteration. The data will be accessible worldwide under Healthureum roof. This will bring widespread efficiency and transparency.
Doctor Consultation
Healtureum provides its users with the access to referrals or consultations of the best doctors, specialists or physicians worldwide on one single platform. Patients can get expertise suggestions from far off land without having to travel and spend time and money.
Medical Infrastructure
Healthureum keeps a proper check on the services and infrastructure of the hospitals and clinics. It monitors the returns on investments, maintenance and upgradation, demand and usage and supply chain and reliability of the services and infrastructure.
Medical Researchers
Healthureum is a dynamic and multifunctional platform. The methodology of data storage and the radical smart contract can help the researchers across the globe. Once there is easier readability of the vast data, the research programs can accelerate on a big scale resulting in innovative and useful discoveries.
Healthureum with it's out of the box technologies can turn out to be the boon to the healthcare sector at the present time. With the capability to eliminate all negativities of the niche, this can be a turning point in the proceedings of the health institutes. This initiative will bridge the gaps between private and public healthcare. It will keep all the stakeholders in one place and under one eye, thus completely eradicating the flaws forever. Healthureum is a dynamic integration of technology and human consideration to produce best results.
https://healthureum.io/
submitted by nishanthhem to u/nishanthhem [link] [comments]

Rising Stars In Corporate Venturing 2017

http://www.globalcorporateventuring.com/
Global Corporate Venturing is the media publication and data provider for the corporate venture capital industry. It has a unique database, GCV Analytics, to which numerous Fortune 1000 companies subscribe, and it runs multiple global events, with flagship conferences in Silicon Valley and London
 
Not too bad, out of 100 + :-)
http://www.globalcorporateventuring.com/data/files/RisingStars2017.pdf
15 Vitalik Buterin, Wanxiang
One of the most regular expectations from corporate venturers is there will be more cross-sector collaboration and innovative ideas funded. The poster child for how this can happen involves China-based auto parts maker Wanxiang, which has set up a $50m corporate venturing fund, Fenbushi Capital, which means distributed in Mandarin Chinese, in collaboration with Vitalik Buterin, the Russia-born, Canada-reared, Switzerland-residing cofounder of blockchain platform Ethereum. Buterin is the technical person behind the Ethereum foundation promoting blockchain technologies and decentralized contracts. He is also working on a non-proft, Blockchain Labs, Buterin co-founded with Bo Shen, who also co-founded the decentralized exchange, or trading platform, BitShares, through his Invictus Innovations company, and Feng Xiao, vicechairman and executive director of Wanxiang Holdings, the auto parts company’s investment unit, and founder of the Bosera mutual fund company. And the three are all general partners in Fenbushi, which has backed Factom, Everledger, ZCash, Abra, Circle, Tierion, Gem, Otonomos and Symbiont, according to its website, and reportedly Ethcore. Blockchain, best known for being the underlying technology of digital currency Bitcoin, is a cryptographic public ledger that enables verifed, instant and low-cost transactions. Wanxiang expects to provide $1m of funding in each of the next three years to blockchain research through Blockchain Labs, which was instrumental in the creation of ChinaLedger, an alliance of regional commodity exchanges, equity exchanges and fnancial asset exchanges. In September, the Ethereum Foundation and Wanxiang’s Blockchain Labs held a joint developer conference, Devcon2, and the second Global Blockchain Summit in Shanghai, China. At the conference, Feng introduced a way of using the blockchain to track car batteries and monitor their usage, as reported by CoinDesk, which could allow them to be lent out to car makers. But perhaps the biggest project could see Wanxiang partner US-listed technology frms IBM and Microsoft to develop blockchain for a smart cities initiative. Wanxiang reportedly plans to invest $30bn in purchasing 83 million square feet of land as a foundation for its smart city project.
submitted by bestStats to ethereum [link] [comments]

How blockchain tech could change the way we do business - BBC News

This is the best tl;dr I could make, original reduced by 81%. (I'm a bot)
Blockchain - the technology underpinning digital currency Bitcoin - has been in the news lately.
No. Blockchain is a method of recording data - a digital ledger of transactions, agreements, contracts - anything that needs to be independently recorded and verified as having happened.
If banks started sharing data using a tailor-made version of blockchain it could remove the need for middlemen, a lot of manual processing, and speed up transactions, says Mr Taylor, thereby reducing costs.
Last year, investment bank Goldman Sachs and Chinese investment firm IDG Capital Partners invested $50m in Circle Internet Financial, a start-up aiming to exploit blockchain technology to improve consumer money transfers.
Tech company Everledger is using blockchain to develop a system of warranties that enable mining companies to verify that their rough-cut diamonds are not being used by militias to fund conflicts, and that they comply with the Kimberley Process - a government and community-backed certification scheme for diamonds.
Estonian tech firm Guardtime has been at the forefront of the country's digital transformation, using its version of blockchain - Keyless Signature Infrastructure - to help the government manage and protect its citizens' data across about 1,000 online services.
Summary Source | FAQ | Feedback | Top keywords: Blockchain#1 transaction#2 digital#3 data#4 bank#5
Post found in /news and /ethtrader.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Rising Stars In Corporate Venturing 2017

http://www.globalcorporateventuring.com/
Global Corporate Venturing is the media publication and data provider for the corporate venture capital industry. It has a unique database, GCV Analytics, to which numerous Fortune 1000 companies subscribe, and it runs multiple global events, with flagship conferences in Silicon Valley and London
 
Not too bad, out of 100 + :-)
http://www.globalcorporateventuring.com/data/files/RisingStars2017.pdf
15 Vitalik Buterin, Wanxiang
One of the most regular expectations from corporate venturers is there will be more cross-sector collaboration and innovative ideas funded. The poster child for how this can happen involves China-based auto parts maker Wanxiang, which has set up a $50m corporate venturing fund, Fenbushi Capital, which means distributed in Mandarin Chinese, in collaboration with Vitalik Buterin, the Russia-born, Canada-reared, Switzerland-residing cofounder of blockchain platform Ethereum. Buterin is the technical person behind the Ethereum foundation promoting blockchain technologies and decentralized contracts. He is also working on a non-proft, Blockchain Labs, Buterin co-founded with Bo Shen, who also co-founded the decentralized exchange, or trading platform, BitShares, through his Invictus Innovations company, and Feng Xiao, vicechairman and executive director of Wanxiang Holdings, the auto parts company’s investment unit, and founder of the Bosera mutual fund company. And the three are all general partners in Fenbushi, which has backed Factom, Everledger, ZCash, Abra, Circle, Tierion, Gem, Otonomos and Symbiont, according to its website, and reportedly Ethcore. Blockchain, best known for being the underlying technology of digital currency Bitcoin, is a cryptographic public ledger that enables verifed, instant and low-cost transactions. Wanxiang expects to provide $1m of funding in each of the next three years to blockchain research through Blockchain Labs, which was instrumental in the creation of ChinaLedger, an alliance of regional commodity exchanges, equity exchanges and fnancial asset exchanges. In September, the Ethereum Foundation and Wanxiang’s Blockchain Labs held a joint developer conference, Devcon2, and the second Global Blockchain Summit in Shanghai, China. At the conference, Feng introduced a way of using the blockchain to track car batteries and monitor their usage, as reported by CoinDesk, which could allow them to be lent out to car makers. But perhaps the biggest project could see Wanxiang partner US-listed technology frms IBM and Microsoft to develop blockchain for a smart cities initiative. Wanxiang reportedly plans to invest $30bn in purchasing 83 million square feet of land as a foundation for its smart city project.
submitted by bestStats to ethtrader [link] [comments]

WIRED UK:Forget bitcoin, your life is destined for the blockchain

This is an automatic summary, original reduced by 90%.
The system created to run the bitcoin cryptocurrency has often been associated with less-than-reputable activities - from drug trafficking to ransomware payments - but Everledger is using the blockchain to fight crime.
This ID is then attached to the smallest quantity of bitcoin available transforming the coin into a stand-in for the diamond on a blockchain ledger.
Now banks, the intended victims of the blockchain revolution, are asking firms such as R3 to create private, closed ledgers that borrow some elements of the technology to streamline inter-bank cross-border transfers.
The blockchain was simply the spine of the bitcoin network, but today the technology is being used on a burgeoning list of distributed ledgers with varying degrees of openness, security and complexity.
"If you were to look at the blockchain startup environment only one year ago, finance would have dominated three quarters of it. That is natural, as bitcoin was the blockchain's first child," says Jamie Burke, founder of blockchain-focused investment firm Outlier Ventures.
From prediction market Augur to digital democracy project BitVote, the blockchain is expanding.
Summary Source | FAQ | Theory | Feedback | Top five keywords: blockchain#1 bitcoin#2 company#3 diamond#4 ledger#5
Post found in /ethereum, /Futurology, /Bitcoin, /ethtrader, /Augur, /BitcoinAll and /CryptoCurrency.
NOTICE: This thread is for discussing the submission topic only. Do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Leanne Kemp, Everledger  IBM Edge 2016 Wie man Geheimbotschaften in die Bitcoin - Blockchain schreibt The Best Hardware Wallet Ever Ledger Nano X Everledger Building a Secure Blockchain Everledger & Diamonds: Building a Secure Blockchain

According to its developers, Everledger is a global digital ledger that has the ability to track and protect assets throughout their lives. The ledger is able to gather data on an asset such as its defining characteristics, ownership, and history. Industry Solutions Everledger develops blockchain technology to create a secure and permanent digital record of an asset’s origin, characteristics and ownership. This transparency helps industries respond to growing expectations for sustainable, verifiable sourcing. That's why in May 2015 Leanne Kemp founded Everledger, a global digital registry for diamonds, powered by the blockchain - the decentralised ledger underpinning cryptocurrencies such as Bitcoin ... Blockchain provenance startup Everledger has raised $20 million in a Series A round led by internet giant Tencent. ... Bitcoin Cash 24h $ 269.31-1.54%. Bitcoin Cash 24h $ 269.31-4.21-1.54% ... EverLedger Startup company providing blockchain solutions to track the origin of high value assets on a global digital ledger. The startup offers banks, open markets, and insurers traceability and supply chain solutions to tackle fraud and mitigate business risks by leveraging new technologies such as smart contracts, machine vision, and blockchain technology.

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Leanne Kemp, Everledger IBM Edge 2016

Ripple at Parliament Blockchain Hearing EverLedger Witnesses: Ryan Zagone, Director of Regulatory Relations, Ripple, Martin Walker, Director, Centre for Evidence Based Management, Dr Grammateia ... Looking for ways how to store your bitcoins safely? This information is extremely important especially if you haven't heard of a hardware or cold wallet before! Do not make the same mistake of ... She stated that most people see Everledger as a blockchain business, but that she thinks of it as an emerging technology company. Kemp mentioned that when she saw the emergence of Bitcoin, she ... Leanne Kemp, CEO & Founder of Everledger discusses how her company uses IBM Blockchain in the diamond industry to reduce fraud and disrupt an industry. Find out more about Everledger's Blockchain ... Leanne Kemp, CEO and Founder of Everledger, explains how Blockchain and LinuxONE help Everledger build a digital ledger. "When you are in the business of provenance, secured records, access and ...

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