PR – Oracles Network Announces Cross-Chain Bridge Technology

Source : PR – Oracles Network Announces Cross-Chain Bridge Technology Blockchain Innovation Allows Seamless Transfer of Value Across Multiple Ethereum-Compatible Networks BERKELEY, Calif. – Nov. 9, 2017 – California-based Oracles Network has unveiled cross-blockchain bridges, capable of transferring assets across various Ethereum-compatible networks such as Ethereum Classic, Oracles Network, Ethereum itself and others. Oracles Network’s cross-chain bridge mechanism successfully overcomes two of the biggest obstacles blockchain systems currently face: scalability and connectivity. These obstacles prevent widespread blockchain deployment for many small and midsize businesses. As existing networks struggle to accommodate a growing number of transactions, network performance suffers greatly while costs increase due to expensive transaction fees. Oracles Network’s cross-chain bridge addresses these limitations by providing open-source tools to all industry players. The cross-chain bridge enables seamless connectivity amongst any Ethereum-compatible networks, allowing for greater flexibility in transferring value. Previously, for a blockchain to be viable, it had to have a self-sustaining ecosystem. Since blockchain ecosystems are time-consuming and complex to build, many chains were incapable of long-term development.    “One of the immediate use cases for cross-chain bridges is a cross-chain tokensale, a new way to conduct crowdsales,” said award-winning blockchain expert and Oracles Network co-founder, Igor Barinov. “In this scenario, we create cross-chain crowdsale contracts, collecting funds on the main Ethereum network while issuing tokens on another, more performant and cost-efficient Ethereum-compatible network. This brings to life new types of interactions between blockchains.” To read more about the Oracles Network ecosystem visit the following for more information: Project Website: https://oracles.org/ Whitepaper: https://hackmd.io/s/HkV8Vw7_- GitHub: https://github.com/oraclesorg Medium: https://medium.com/oracles-network Project Forum: https://forum.oracles.org/ Telegram: https://t.me/oraclesnetwork Twitter: https://twitter.com/oraclesorg About Oracles Network: Oracles Network is the first Ethereum-based public network with Proof-of-Authority (PoA) consensus, reached by independent, pre-selected validators. Oracles Network makes smart contracts cheaper and faster than Proof-of-Work (PoW) predecessors. Media Contact: Gabe Uribe PMBC Group gabe@pmbcgroup.com 310-777-7546 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.

What Is Tokit?

Source : What Is Tokit? Seemingly everyone on the planet has introduced their own digital token by now. Most tokens are issued on top of the Ethereum blockchain in order to take full advantage of smart contract technology. To make things slightly more interesting, there is now a multi-smart contract application out there as well. Tokit will certainly be of great interest to a lot of people, and it seems integrating this functionality won’t be too difficult either. Tokit will be Pretty Useful to Some People It is always interesting to see how developers take interesting technology and come up with new solutions. Smart contracts have been of great interest to a lot of people in recent months. While the auditing and security of these contracts is still in question, there is sufficient reason to get excited. The SingularDTV team decided to take things one step further and introduce Tokit, a multi-smart contract application. Up to this point, we had never seen any multi-smart contract application in development. Someone had to be the first in this regard, and Tokit seems to be the project to contend with right now. Although it is the first application of its kind, it most certainly will not be the last. The main purpose of Tokit is to “tokenize it”. So far, it seems the application is mainly aimed at artists and creators, although it will be interesting to see who else will make use of this project moving forward. Allowing anyone in the world to “tokenize” anything and everything will yield some interesting results, to say the least. Under the hood, it appears Tokit makes use of some interesting smart contract technology. The accompanying blog post explains how it took “multiple years” to build the system powering this decentralized application. The early days of Ethereum have not seen much development in this regard, and the infancy stage of this ecosystem lasted a lot longer than most people had originally expected. Then again, perseverance pays off in the end. Anyone in the world can take up Tokit and use it to start his or her own tokenized ecosystem. There will be a small fee for doing so, though. While the initial fee is US$100 when using Ethereum to pay, using SNGLS tokens results in a 25% discount. That’s an interesting approach to making SingularDTV tokens more appealing, although it remains to be seen how the general public will respond. It is good to see an ICO project still accepting Ether as a payment method as well. For artists, the benefits of Tokit should not be overlooked. Solutions such as this one may help build a better artist-fan relationship in the future. Fans are always looking to get more “invested” in the artists they like, after all. Buying merchandise, for example, is one way to go about things, but using tokens to “invest” in the future of a particular artist is something else entirely. It will be interesting to see if other companies decide to take a similar approach when it comes to smart contracts. No one can deny this technology has a lot of …

Plus…What Is Tokit?

Ethereum Enabling Transparency and Trust in Vehicle Repair

Source : Ethereum Enabling Transparency and Trust in Vehicle Repair Blockchain technology is being utilised for the vehicle repair business with the creation of a transactional maintenance and repair platform by CarFix, which aims to disrupt the $1.8 trillion vehicle lifecycle industry, bringing transparency and immutability. The company has announced an ICO for its VLB token on the 27th of November. By embracing blockchain technology, CarFix intends to streamline the relationships in auto sales, auto repair, auto insurance and auto finance industries. The outcome of this process will be Vehicle Lifecycle Blockchain which will cater to many vehicle lifecycle industry companies such as manufacturers, dealers, repair shops, insurance companies, spare parts distributors and others into a new era. Proceeds from the ICO will be used to develop and implement the blockchain platform.   READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Ethereum Enabling Transparency and Trust in Vehicle Repair

Source : Ethereum Enabling Transparency and Trust in Vehicle Repair Blockchain technology is being utilised for the vehicle repair business with the creation of a transactional maintenance and repair platform by CarFix, which aims to disrupt the $1.8 trillion vehicle lifecycle industry, bringing transparency and immutability. The company has announced an ICO for its VLB token on the 27th of November. By embracing blockchain technology, CarFix intends to streamline the relationships in auto sales, auto repair, auto insurance and auto finance industries. The outcome of this process will be Vehicle Lifecycle Blockchain which will cater to many vehicle lifecycle industry companies such as manufacturers, dealers, repair shops, insurance companies, spare parts distributors and others into a new era. Proceeds from the ICO will be used to develop and implement the blockchain platform. CarFix has created a transactional software platform and an ecosystem of repair shops, spare parts suppliers and dealers where any repair job is priced via a transparent algorithm instantaneously, and can be booked in a similar manner to amenities such as hotel rooms. Implementing a software that establishes fixed prices for all vehicle repairs, the CarFix ecosystem currently encompasses over 500 repair shops, 10 spare parts distributors, major dealerships, and over 250,000. Benefits of the Ethereum-based platform will include enforcing warranties, maximizing the resale value of vehicles, ascertaining the authenticity of spare parts, achieving more accurate and cost-effective insurance claim management. Oskar Hartmann, Co-Founder and President of VLB, said: “We are thrilled to officially announce the ICO of VLB Tokens. VLB streamlines one of the most antiquated industries in the world when it comes to customer services and transparency. We aim to develop the Vehicle Lifecycle Blockchain, deploy it, first, within the expanded VLB ecosystem; and, second, beyond VLB in a decentralized manner with a distributed network of proof-of-stake nodes. We strongly believe that our blockchain technology can tap into the $1.8 trillion vehicle lifecycle industry to provide consumers with a positive value accretive experience and create significant business and cost saving opportunities for industry players.”

Neufund to Create Equity Token for Investors Funding Projects

Source : Neufund to Create Equity Token for Investors Funding Projects Community-owned fundraising platform Neufund, a coding project on the Ethereum blockchain, has announced a successful pre-sale funding round of $11.6 million. Backed by private investors from funds such as Philipp Freise (Kohlberg Kravis Roberts & Co), Michael Jackson (Mangrove Capital), VC funds such as Atlantic Labs, and crypto influencers like Max Kordek (Lisk), Fabian Vogelsteller (Ethereum Mist, ERC20), the company will use the money raised to launch its Initial Capital Building Mechanism (ICBM). The protocol will allow investors to fund projects while acquiring equity in return in the form of tradable crypto-tokens. The blockchain-based fundraising platform allows start-ups, SMBs, and established companies to legally issue a new concept of asset ownership. Neufund operates as a public, open-sourced platform that allows any entrepreneurship venture to hold an ‘Equity Token Offering’ for their own company’s Equity Token. Neufund’s ICBM will occur on the 17th of November, 2017, at 11am UTC, lasting for 30 days.   READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

‘Xeno Tokens’ New Blockchain Technology by Imagination Park $IP and InterKnowology LLC

Source : ‘Xeno Tokens’ New Blockchain Technology by Imagination Park $IP and InterKnowology LLC (CSE: IP) (OTC: IPNFF) Imagination Park Entertainment Inc. and InterKnowlogy LLC are pleased to announce the proposed development of Xeno Tokens(R) by XenoHolographic Inc., a worldwide joint venture between Imagination Park and InterKnowlogy focused on delivering products, services and content while seamlessly enabling holographic experiences within augmented and mixed reality. When launched Xeno Tokens(R) intends to leverage Blockchain technology to monetize 3D content delivery. “When businesses pay for advertising delivered to its consumers, there is little if any trustworthy ‘proof of success’. Companies must rely on well-known search engines or social media platforms to report what ads were served. By leveraging Blockchain technology for ‘proof’, XenoHolographic intends to provide the world’s first trusted content delivery network in a 3D holographic experience. Xeno Tokens(R) will be used by companies to pay for content delivered. Although a relatively new and emerging technology facing all the natural risks of embryonic development in the business community, InterKnowlogy has already delivered Blockchain technology and knows its strength. We believe Blockchain technology is perfectly suited for this scenario. We feel the teams at XenoHolographic, InterKnowlogy and Imagination Park have the content capability and technical expertise to monetize this unserved area of ad development and design.” Tim Huckaby, co-founder of InterKnowlogy’s  and a director of XenoHolographic The Company and XenoHolographic is expecting the launch of Xeno Tokens(R) in the first half of 2018 subject to a suitability review of securities and regulatory matters surrounding our leveraged Blockchain technology. “With the explosion of augmented reality, we believe our novel approach to 3D augmented reality content delivery uniquely positions XenoHolographic. Thousands of businesses will be able to deliver holographic experiences instantaneously when it would have been near impossible before. Xeno Tokens(R) will be used as part of ‘proof of play’ of content delivery and engagement. Augmented reality is with us now, and we believe will be even more prevalent in the short term future.” -Paul Silverrstieen, CEO of Imagination Park and director of XenoHolographicFiled under: Block Chain Technology, BlockChain, News, Public Companies, Technology Tagged: BlockChain, BlockChain Technology, Imagination Park, Imagination Park Entertainment Inc, InterKnowlogy LLC, IP, Xeno Tokens

Neufund to Create Equity Token for Investors Funding Projects

Source : Neufund to Create Equity Token for Investors Funding Projects Community-owned fundraising platform Neufund, a coding project on the Ethereum blockchain, has announced a successful pre-sale funding round of $11.6 million. Backed by private investors from funds such as Philipp Freise (Kohlberg Kravis Roberts & Co), Michael Jackson (Mangrove Capital), VC funds such as Atlantic Labs, and crypto influencers like Max Kordek (Lisk), Fabian Vogelsteller (Ethereum Mist, ERC20), the company will use the money raised to launch its Initial Capital Building Mechanism (ICBM). The protocol will allow investors to fund projects while acquiring equity in return in the form of tradable crypto-tokens. The blockchain-based fundraising platform allows start-ups, SMBs, and established companies to legally issue a new concept of asset ownership. Neufund operates as a public, open-sourced platform that allows any entrepreneurship venture to hold an ‘Equity Token Offering’ for their own company’s Equity Token. Neufund’s ICBM will occur on the 17th of November, 2017, at 11am UTC, lasting for 30 days. Designed to be compliant with blockchain technology and current legal regulations, Neufund’s protocol token is the the Neumark (NEU). NEU tokens are earned by committing capital to Neufund’s platform; the amount of NEU held then represents the individual’s share of the Neufund ecosystem. When an investor uses the funds they committed to the platform to contribute to a company’s ETO, the investor will receive equity in the form of the respective company’s crypto tokens, and NEU tokens. With the NEU token users will stay in full control of their funds with no minimum requirement on contributions. Tokens entitle their holders to revenues from platform fees for ETOs taking place on the platform and can be traded on crypto-exchanges and transferred among users. In addition, if a contributor desires to remove their capital, they can do so after 18 months, with a 100% return. Zoe Adamovicz, Co-Founder and CEO of Neufund, remarked: “At Neufund, we believe firmly that innovating, building, and contributing is the only priority of our generation. We are excited to have developed a new way to fund ventures , and ultimately, to remove unnecessary barriers that prevent the alliance of inventors and investors, including geographical and jurisdictional constraints in order to open innovation for good.”

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