T-Mobile has entered the blockchain space and it’s using Hyperledger technology as a way to rebuild its services on open-source software.
CoinDesk
OTN – Bringing Blockchains Together
The cryptocurrency funfair has grown at a staggering rate throughout December and the year as a whole. People are not only looking to expand their crypto-portfolio but also bet on the various offerings. The crypto-market left its mark on 2017 with a combined market value that has soared to just under 0 billion from billion at the start of the year. However, the cryptocurrency market lacks a level playing field for ordinary people and all market participants which form the basic functions of money, including acting as a medium of exchange and a store of value. Cryptocurrencies are not yet in a position to replace traditional money.
For this reason, there is a need to combine all isolated blockchain networks into a unified open network to kick off a revolution in commerce backed by blockchain technology. So, what is Open Trading Network? Open Trading Network (OTN) is the first 100% collateralized decentralized trustless network to support fully secure exchanges between the blockchain networks.
At the moment, there are a number of decentralized crypto exchanges available. What makes OTN stand out is that it was not created as a standalone technology but as an integrated part of IQOption’s (the online trading platform) functioning trading platform. OTN Exchange will act as a fast, centralized order matching engine that can sign token exchange orders in record time in the safest way possible. This will provide flexibility to meet all of the market’s needs and fast implementation of the ecosystem, due to a modular iterative approach to deployment.
Open Trading Network will create a public API for all their products tailor-made to contribute to the growth of the market. At the base of the crypto market growth stands four major types of players; Individuals, Businesses, Traders, and Regulators, who also form OTN’s target clients. OTN will focus on creating customer-oriented solutions to satisfy the need of each cryptocurrency player.
One such product, OTN Wallet is a universal cryptocurrency wallet which will support a maximum number of cryptocurrencies and provide secure operations for exchanging and purchasing tokenized assets in the most versatile and powerful way. The OTN wallet will have features that will support the storage of all assets, buying and selling of cryptocurrencies and tokens for fiat money, tokenization and detokenization of assets, peer-to-peer transfers and direct exchanges among others. This component of the system will be implemented without waiting for the Open Trading Network infrastructure to be fully functional.
All transaction data from the blockchain will be available through OTN Explorer, which will allow regulators to identify users and their transactions. The user can also store their assets on a fairly new product, OTN Depository (launched in October 2017) will store assets in its accounts using OTN as a security guarantee, with a separate application for managing and analyzing the depository and monitoring profits. In February 2018, Open Trading Network is expected to roll-out OTN Business, a product that will make it easy for users to perform widely-used operations such as issuing tokens and listing them on the exchanges instantly, and crowdfunding among other features, which will be available as ready-made smart contracts with a user-friendly interface.
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The World Crypto Economic Forum is bringing together some of the world’s most notable crypto leaders
Don’t miss out on the first crypto event of the year in the Bay Area
The WCEF, being held January 15 & 16th, 2018 in the South San Francisco Conference Center, will bring together entrepreneurs, crypto enthusiasts, and thought leaders to discuss the ever changing landscape of this fast evolving blockchain economy.
Just announced, Nick Szabo — computer scientist, legal scholar, and cryptographer who has spent many years developing ideas around cryptocurrencies, including the phrasing and concept of the smart contract — will be performing at the event. Michael Arrington, Founder at TechCrunch and XRP Capital, is another keynote speaker. Among other speakers are successful entrepreneurs and blockchain experts including Bill Barhydt (Abra), Joey Krug (Augur/Pantera), Justin Newton (Netki), Toni Lane Casserly (Culture), Igor Barinov (Oracles Network), Miko Matsumura (Evercoin) and others. Their talks will cover all facets of the digital economy — from blockchain tech to new economic models using tokens.
In addition to keynote presentations and panel discussions, WCEF will feature lightning talks, power networking sessions, and both a token pitch and hackathon contest.
Find more information on the website: http://wcef.co/
Get your early bird ticket now: https://www.eventbrite.com/e/world-crypto-economic-forum-tickets-40798780250
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Lendoit & RSK creates a decentralized BTC lending future together
In about 2 weeks, Lendoit will launch its official token Pre-sale, but it can’t wait to reveal the secret that […]
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Rethinking Innovation: How Crowdfunding And Innovators Come Together
It’s not uncommon to meet a victim of the innovation world. Someone with a great idea, but unable to find the necessary investors or the appropriate platform or help. Eventually the idea either dies, or is picked up by a large conglomerate, and the initial entrepreneur is left behind.
This isn’t an uncommon problem because the existing tools in the crowdfunding and innovation marketplace are woefully inadequate. Entrepreneurs have difficulty at almost every turn – finding investors, marketing their products, and finally getting sales – its all difficult. In fact, 29% of startups fail simply for lack of investment.
Decentralized partnerships
However, a new Blockchain based platform has appeared on the horizon, promising to solve the issues that innovators face in the current marketplace. Crowdholding, a two year old startup, is creating a new decentralized platform where entrepreneurs, investors, and consumers can work together to create the next major innovations.
The platform is a peer-to-peer validation and investment system designed to allow supporters from anywhere in the world to access and support innovative thinking. Supporters can offer feedback, give criticism, and voice their opinions. The power of the crowd – to validate, test, and invest in products – can be put to work to help build new and innovative value propositions.
Best of all, companies not only receive from the public through responsive interaction (the ‘crowd’), but are also able to give back to the public through an incentivized platform. By offering incentives, companies are able to create simple and direct pathways for consumers to participate intellectually and financially, and receive rewards for their participation.
The dynamics
The dynamics of the system are unique. Within the Crowdholding ecosystem, companies are free to release their products for public consideration. With the release, companies can offer some percentage of earnings as a reward for participants. The ‘crowd’ analyzes the product, provides feedback, and offers ideas. In return, the company offers the contributors the pledged percentage, and the ‘crowd’ earns, even as it evaluates.
For the crowd, the platform offers some excellent benefits. Participants can have an amazing portfolio of products they have directly influenced. Further, rather than simply free testing and evaluation, participants can receive monetized rewards through YUPIE tokens, the cryptocurrency from the platform. Finally, crowd participants have first access to new products before the market is able to grab ahold.
For businesses, there’s much to be gained as well. First, products undergo rigorous testing in a simple format. Ideas about the product, market feedback, and new enhancements can be added in order to dramatically improve the salability of the concept. Further, the platform offers business owners a means of nearly free advertising, as real consumers are made aware of the product in a direct and meaningful way.
The way forward
For many entrepreneurs struggling through the muck of the startup world, hope is hard to come by. But the power of Crowdholding promises to bring consumers and innovators together in a whole new way. By providing a vehicle for helpful and incentivized interaction, Crowdholding promises to be the seedbed for the best up and coming products.
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Rethinking Innovation: How Crowdfunding And Innovators Come Together
It’s not uncommon to meet a victim of the innovation world. Someone with a great idea, but unable to find the necessary investors or the appropriate platform or help. Eventually the idea either dies, or is picked up by a large conglomerate, and the initial entrepreneur is left behind. This isn’t an uncommon problem because … Continue reading Rethinking Innovation: How Crowdfunding And Innovators Come Together
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PlusCoin and ICOBox Come Together for Token Swap, Starting October 30th
DS Plus is an industry-leading mobile marketing application that – with more than a million downloads already -, is bringing cryptocurrency to the people with their new crypto token, PlusCoin. For more than a month already, the PlusCoin ICO has been going at full speed ahead, and the crypto community is excited to see how … Continue reading PlusCoin and ICOBox Come Together for Token Swap, Starting October 30th
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Blockchain & Bitcoin Conference Stockholm Brought Together Politicians, Investors and Developers
On September 7, the capital of Sweden hosted Blockchain &38 Bitcoin Conference Stockholm for the…nThe post Blockchain &038 Bitcoin Conference Stockholm Brought Together Politicians, Investors and Developers appeared first on Bitcoinist.com.n
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Blockchain & Bitcoin Conference Stockholm Brought Together Politicians, Investors and Developers
On September 7, the capital of Sweden hosted Blockchain & Bitcoin Conference Stockholm for the first time. The event brought together owners of businesses related with cryptocurrencies and blockchain-based solutions. It was attended by more than 350 participants and 19 speakers from 13 countries. The conference took place at the Elite Hotel Marina Tower, the … Continue reading Blockchain & Bitcoin Conference Stockholm Brought Together Politicians, Investors and Developers
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