Cryptocurrencies Could Make Banks Obsolete, Says Malta Bankers Association Head

As Malta cements its position as major cryptocurrency hub in the global landscape Marcel Cassar, the new Malta Bankers Association (MBA) Chairperson weighs in with his views on the sector.
Cassar points to new technologies presenting opportunities in …

Cryptocurrencies Could Make Banks Obsolete, Says Malta Bankers Association Head

As Malta cements its position as major cryptocurrency hub in the global landscape Marcel Cassar, the new Malta Bankers Association (MBA) Chairperson weighs in with his views on the sector.
Cassar points to new technologies presenting opportunities in …

Scam Experts or How Organizers of ICOs Become Victims of Scams

Source : Scam Experts or How Organizers of ICOs Become Victims of Scams Investments in ICO projects are considered to be highly risky for investors, but development teams also regularly find themselves in the risk zone. Nikita Anufriev, the founder of DateCoin, shares his experience and talks about the difficulties he, like many other CEOS, had to face during the pre-ICO in his blog on Medium. These texts provide an opportunity to look at the ICO process from the other side. Nikita, what do you think is the main problem for the guys who are just beginning to advance their projects? This is a complex question, so it is quite difficult to give an unambiguous answer. Personally, for us, the biggest problem was the choice of those people with whom we had to work at the beginning of the journey, as this was the most difficult time for the team. There were many questions ranging from support in chat rooms and ending with the issuance of tokens and providing all the technical processes. At the same time, numerous companies specializing in holding ICO “turn-key” lure the promises of multimillion-dollar investments, which in most cases turns out to be empty words.  Of course, unfortunately, such agencies are often in no hurry to fulfill their obligations. As an example I can give you our experience with some “experts” in marketing, who were not enabled to provide us with a marketing plan during several weeks, saying about the alleged violation of trade secrets. So that we were offered to buy a pig in a poke, making one hundred percent advance payment. Thus, such companies actually train their skills of ”sales” mainly on you, not on potential investors – they earn from you, not with you. Certainly, based on your experience, today you can give some recommendations for choosing a contractor for those who are just thinking about holding an ICO? I will start with the fact that more likely there is no need in search for a contractor –  experts will come with a commercial offer themselves. Of course, you need to study it carefully and if it is designed for a wide audience, weed it out. This is my position. I strongly believe that the approach to such matters should be personalized. When communicating with the contractor who says that he has already held several ICOs, it is necessary to mention your acquaintance with the CEO of one of the projects, which he worked with. Another option is to ask the contact details of those with whom he interacted. The reaction of the interlocutor will tell a lot. The second equally effective advice is to pay attention not only to the reputation of the company but also to the business image and the level of employment. Agencies can run more than 15 projects in parallel, which we have personally encountered.  As a result, they simply do not have enough resources and time to do the job efficiently. Fortunately, my colleagues and I …

Plus…Scam Experts or How Organizers of ICOs Become Victims of Scams

Omnitude ICO Review & ECOM Token Analysis

Source : Omnitude ICO Review & ECOM Token Analysis Omnitude ICO Overview The Omnitude ICO and ECOM Token connects blockchain technologies to existing eCommerce platforms and enterprise systems. Interoperability between networks of disparate software systems and blockchain is a pressing demand in the tech world. Most enterprise software solutions exist in disparate information verticals. Businesses like eCommerce sites can deploy Omnitude without replacing their current systems to create a more efficient and transparent data ecosystem. As an open source project, app developers can deploy solutions built on Omnitude at will. 2/22/18 – Our understanding, based on a conversation with Omnitude’s admin on Telegram, is that there are no residency or citizenship restrictions on this UK-based ICO at this time. We strongly advise checking the Omnitude website for up-to-date information on participation requirements. Omnitude ICO Value Proposition Omnitude is built around a series of connectors and Standard APIs that shuttle data between different software platforms and blockchains. As the project is implementing an open-source API, developers are free to deploy the product at any point where greater connectivity and data flow will benefit their enterprise. Utilizing Omnitude, anyone can develop integrations and data flows as an app or script. While the ERP use cases are in theory limitless, Omnitude’s initial target is the eCommerce sector. Omnitude is designed to eliminate many of the current issues in the eCommerce market, such as customer onboarding by individual merchants, supply chain inefficiencies and fraud on the part of both customers and sellers. These innovations will be accomplished primarily through the introduction of the Omnitude Identity and Omnitude Supply Chain solutions. Omnitude’s Single Identity, Single Reputation and Proof-of-Interaction mechanisms are designed to help merchants minimalize identity theft, which is the most common type of eCommerce fraud. Omnitude can also help reduce merchant fraud via a system of staged payment releases contingent on the location of each package within the supply chain. The Supply Chain solution will allow individual items or shipments tagged with identifiers to be tracked as they move along the supply chain at every stage- from raw materials to the finished product and final sale. Each location will be recorded to the ledger. From each node, smart contracts will record this progress and release payments to shippers or suppliers. Retailers or customers can use the proposed Omnitude Tracker App to access information from each point in the supply chain, providing information on exactly what point an item may have been lost. The ECOM token (ERC20) will be launched with Omnitude on the Omnilayer platform. Merchants, customers and suppliers use ECOM to participate in the Omnitude ecosystem. The primary functions of the token within the ecosystem are outlined below: A method of settlement between parties to access ecosystem resource. Merchants make payments in ECOM to other participants in the ecosystem to access features such as Delivery Cycle Data, Omnitude ID, Shared Product Data etc. Customers will make payments to merchants using ECOM, crypto currencies or FIAT. They can also receive ECOM in return for …

Plus…Omnitude ICO Review & ECOM Token Analysis

What Is Streamr DATAcoin?

Source : What Is Streamr DATAcoin? As is quite clear for everyone to see, a majority of the data which powers the modern economic engine is delivered to customers through the use of streaming services. With the rise of the IoT, there will be a large upsurge in the creation of streamable content, most of which will possess some sort of monetary value.Streamr is a blockchain platform that has been designed to tokenize streamable data, thereby allowing people to freely trade digital content through the use of a specialized P2P network. When using this platform, users have the ability to create a wide array of real-time data apps without having to spend countless hours writing code for them.It is also important to mention that Streamr helps create a real-time data backbone for a completely decentralized network that offers users with features such as:Good scalabilityLow latencyNon-interoperable data deliveryOn this platform, users have the option to publish new data to data streams. This information can then be used by other network participants to power their apps, smart contracts, etc. Lastly, Streamr comes with a built-in incentive system that allows for highly effective data monetization.Overview of StreamrThis platform allows companies, developers, and private users to connect with one another. It serves as a global market that can facilitate real-time data exchange in a safe, encrypted fashion.  The project has a growing online community.There are a total of 650,000,000 DATAcoin tokens currently in circulation.Key FeaturesStreamr comes loaded with a wide array of innovative features that allow it to make the entire dApp construction process much more streamlined. Through the use of an end-to-end pipeline framework, this platform makes data storage, distribution and processing quite easy.  Visual representation of key features being offered (courtesy of the official whitepaper)It makes use of a drag and drop system that does not require a lot of technical knowledge from the users’ end. Not only that, the UI is quite modular and thus allows for the creation of apps that are perfectly suited to meet their needs and requirements.We can also see that Streamr is highly compatible and can be merged with a plethora of external data systems quite seamlessly. As a result of this, information exchange with third-party handlers becomes simpler, and the entire transaction can be completed in a shorter time frame. Some of the platforms with which Streamr is compatible include: Amazon KinesisRESTApache KafkaLastly, this platform provides users with the freedom to create their own streaming APIs. This can be done by simply tagging and embedding the desired assets onto the system. Once a stream has been created, the user has full freedom to edit it wherever they choose.How Streamr worksStreamr makes use of a native currency called DATAcoin which facilitates all of the transactions that take place within its ecosystem.Overview of the functional model used by Streamr (courtesy of the official whitepaper)To understand how this platform works, let’s consider the example of a GPS tracker. The tracker provides users with real-time information regarding traffic and weather conditions, selects an optimal route by …

Plus…What Is Streamr DATAcoin?

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