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Bancor Smart Tokens Provide Solution to The Issue of Liquidity

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There are many facets to the notion of liquidity. Liquidity may be defined as the ability to convert an asset into cash readily on demand. If this definition seems myopic, you can see it as an asset that can be sold or bought at its fair price. Therefore, liquidity signifies that there are no premiums or discounts attached to an asset when selling or buying it. This makes it easy to enter and exit the asset at will.

For any tradable asset, liquidity is paramount. Liquid markets are smoother and deeper when compared to illiquid markets, which can put traders in a place from which it may be difficult to navigate out. For instance, Bitcoin has experienced significant growth within nine years of its existence. In 2009, there were only 50 Bitcoins but today, there are over 13,000,000 bitcoins in circulation. Virtual currencies or cryptocurrencies have witnessed waves of illiquidity. What are the factors that influence liquidity?

  • Exchanges: The increasing number of cryptocurrency exchanges has provided opportunities for more individuals to trade in cryptocurrency. The increase in volume and frequency of trading has contributed to enhancing liquidity.
  • Acceptance: The acceptance of cryptocurrencies at online shops, brick and mortar stores, bookings, etc. has contributed to its usability while reducing its volatility. Coins become more liquid when frequently used as a means of payment.
  • Regulations: Both direct and indirect regulations have played a crucial role. The position of cryptocurrency in each country is different – banned in certain areas, allowed in others, while in dispute elsewhere. Because of the increasing presence of cryptocurrency in the form of exchanges, ATMs, casinos, transactions in shops, financings, etc. these clarified regulations will continue to influence liquidity.
  • Awareness: Many people are practically unaware of what cryptocurrency is all about and how it works. In the midst of these are prospective investors, buyers, and traders of digital coins. Lack of clear guidelines by relevant authorities and limited knowledge has limited engagement to devotees to this moment, but as this changes, so will liquidity via increased volume and acceptance.

Then, How can one technically solve the issue of liquidity facing cryptocurrency? Below we will explore a solution provided by Bancor for addressing the challenges of liquidity faced by cryptocurrencies, conventional tokens, and community currencies. According to Bancor, the issue of liquidity can be addressed through the use of Smart Tokens, by programming tokens to be autonomously convertible for other tokens within the same network. This is achieved through the use of Connectors, which are modules in a token’s smart contract that hold balances of other tokens they are connected to.

What is the Bancor Protocol Smart Token all about?

Let’s begin with the Bancor Protocol which is the standard for what Bancor calls Smart Tokens. The method is as follows: A Smart Token is programmed with one or more connectors, which are modules in their smart contracts. Each connector holds a balance of another connected, the connected token, which can be deposited by the Smart Token creator. These balances are used by the Bancor Formula to calculate the exact price of a Smart Token in any of its connected tokens. The Smart Token can be bought and sold by depositing or withdrawing the calculated amount from its connector balances. For example, if a Smart Token has one connector which holds a balance of Ethereum, that Smart Token can be bought by sending Ethereum to the Smart Token’s contract, or sold by sending Smart Tokens back to the contract and receiving the corresponding amount of Ethereum in return.

If you haven’t heard of smart contracts, these are computer programs which run on the blockchain, meaning they are unchangeable as long as the underlying blockchain is operational. In the case of tokens, smart contracts allow for the programming of certain features, issuing policies and other attributes, directly into the token’s governing software. Bancor uses this ability to program Smart Tokens to buy and sell themselves from users, in exchange for any of their connected tokens, at an algorithmically calculated rate according to the open-source Bancor Formula. This allows Smart Tokens to be plugged into a network architecture, and continuously liquid to every other token in the network, according to a mathematical price which balances buy and sell volumes in the network (more on the formula below.)

The Bancor Protocol recommends a new solution to the issue of liquidity for cryptocurrencies by using an asynchronous price-discovery model, which is enabled by these balances holding Smart Tokens. The most unique characteristic of this solution is the fact that you can buy or sell Smart Tokens anytime, directly through their smart contracts (Bancor also offers a simple Web App user interface) without the need for an exchange or even matching buyers and sellers, as has been the case for decades. Does this sound like crypto magic to you? Let’s explain how it works.

  • Firstly it’s important to understand that Smart Tokens are money that themselves hold money, in their connector balances. What this means is that the smart contract that operates the Smart Token owns a minimum of one other token balance. This is the Smart Token’s initial liquidity “plug in” to the network, and from where the Smart Token can withdraw other tokens to sellers, and collect other tokens from buyers.
  • Secondly, the supply of a Smart Token can be dynamic, and handled by its smart contract directly. When a Smart Token is purchased by sending one of its connected tokens to the smart contract, these tokens are added to the connector balance and new Smart Token units are created and sent to the buyer. This means that a Smart Token’s supply is growing as demand for it is growing. Thankfully, so is its connector balance, so as you’ll see below, its price is also increasing. This means that increased supply does not mean inflation or dilution for Smart Token holders, since price is a factor of demand, not constrained by a traditional fixed supply. Similarly, when a Smart Token is sold, it is simply sent back to its smart contract, which withdraws the corresponding amount of connected tokens from the connector balance and returns them to the seller, and the sold Smart Token units are destroyed and removed from circulation. Price however, is still decreasing, thanks to the Bancor Formula which takes this decreased connector balance into account. You can liken this mechanism to when tokens are issued by initial coin offering smart contracts in exchange for other tokens like Ether.
  • Thirdly, is the realization that Smart Tokens calculate their own prices vis-a-vis other tokens they are connected to. This is according to the Bancor Formula which holds the ratio constant between a Smart Token’s total market cap, and its connector balance. As buys and sells add and subtract tokens from the connector balances, the price of a Smart Token will fluctuate to keep this ratio, configured by a Smart Token’s creator (and called the weight), constant. This ensures that buy and sell volumes strive for equilibrium, as a Smart Token’s price is rising when it is being bought, and falling when it is beind sold. Just as you’d expect with supply and demand principles, only here the supply can adapt to the demand, and price is calculated as a mathematical function between the Smart Token and its real-time connector balances. .

One may be thinking if all of this functionality is required, given the fact that price discovery and liquidity is already obtained via trading activity in traditional exchanges. Is there a reason for a different solution? The answer to this question is yes. This is because exchanges can be seen as “matchmakers” between individuals or parties with different wants. A particular trade comprises of two opposing transactions, one where each party is selling what the other party wants to buy. The situation where a particular party needs to find another party with opposite wants is the sole reason why currencies and other assets face liquidity risk. With this constraint, it is impossible for smaller scale currencies, such as loyalty points, community currencies, and other relevant credits, as examples, to become consistently liquid.

Additionally, people who provide liquidity such as market makers and traders are logically looking for ways to take full advantage of profits. This connotes that liquidity comes at a price or cost with the current exchange solution, allocating value to middlemen. This is why BancorSmart Tokens are unique, allowing currencies to enjoy automated and continuous liquidity, and with no added fees. The contribution or partaking of market makers and traders in their convertability isn’t compulsory, but optional for both parties. In fact, Smart Tokens may be regarded as a token with a built-in not-for-profit automated market maker for itself, being operated by its open-source smart contract.

A Bit About the Bancor Token Generation

This decentralized liquidity network Blockchain project raised approximately $153 million in Ether within three hours. Bancor was one of the most successful token launches of 2017. The token generation event took place on June 12, 2017, attracting more than 390,000 contributions in Ether, a world record in the market at the time.

Bancor’s BNT is the Bancor Network Token. According to the company, in the next two years, there will be a host of new features available to Smart Tokens, including security upgrades such as delegated account recovery, the ability to purchase them with a credit card, enabling communities without a token to easily create one without technical knowledge, and moving to a fully decentralized backend and front-end architecture, as well as taking the liquidity network completely cross-blockchain. Finally, we will see the launch of Bancor Grants, helping local communities build capacity towards launching and maintaining a local Smart Token for their economy or network, and subsidizing the BNT needed for qualifying communities to connect to the Bancor Network (via their Smart Token’s connector balance, which will be held in BNT.) Since launch, Bancor has activated their token, launched and activated Relay Tokens for over 20 ERC20 tokens which are now convertible via the Bancor Network, launched their Web App on desktop and mobile, and deployed a portable widget to enable users to convert Smart Token’s from anywhere on the Internet. This attribute alone safeguards users and enables them to convert their tokens remotely and in a decentralized fashion.

BNT holds Ether (ETH) as its connected token, making it possible to convert any token within the Bancor Network into ETH, instantaneously and without the need for matching buyers and sellers. This is groundbreaking in the blockchain world, with Bancor pioneering an autonomous technology that a technical solution for instant liquidity and eventually also the instant creation of intrinsically liquid cryptocurrencies.

What are the Benefits of Bancor Smart Tokens?

Smart Tokens bring about several benefits when compared to the traditional token model, which include:

  • No Extra Fees: Unlike the traditional token and exchange models, the only compulsory fee that is paid for converting Smart Tokens is the blockchain platform fee, which in the case of Ethereum is known as gas.
  • Continuous Liquidity: Because selling and buying are carried out through smart contracts, you can always convert Smart Tokens from/to their connected tokens, regardless of the volume of trading done.
  • Foreseeable Price Changes: The Bancor Smart Token allows for the pre-calculation of price changes according to transaction size, since each transaction itself will result in a change to the current price by adding to or subtracting from connector balances. This price predictability leads to relatively more stable prices.
  • No Spread: The same price is calculated for buying and selling Smart Tokens since the calculation of these prices is done formulaically by the non-profit smart contract, not by other buyer and seller offers, traditionally known as an order book.

In Conclusion

Bancor has discovered a way out of the historic challenge of liquidity without needing a counterparty to buy or sell a token. This is attainable through a smart contract, currently on the Ethereum network, which keeps a balance in another connected token at all times, and uses a simple formula to continuously recalculate the exact rate at which a Smart Token is convertible for any of its connected tokens, and as such, for any other token in the network. This innovation replaces traditional labor-based solutions, in the form of market makers and exchanges, both for-profit actors, with a technical solution, in the form of a non-profit smart contract that will always buy and sell Smart Tokens thanks to their built-in liquidity mechanism. This autonomous solution could offer a step-function improvement in efficiency, decentralization, accessibility, transparency, and stability for the emerging cryptocurrency economy – if Bancor can pull it off

 

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Blockchain

Consumers Should Control Their Data, and TimiHealth Blockchain Ecosystem Makes It Happen

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Blockchain-Powered

In the very near future TimiHealth will begin advancing consumer monetization of genomics data with a 70/30 split with the owners of the data. In simple terms, consumers will receive 70% of the compensation received when they opt in to share their data in the TimiHealth blockchain powered ecosystem. To learn more and take care of your genomics data visit: http://app.timidna.com

Data privacy is becoming more and more important; TimiHealth.com enables a new opportunity by giving consumers full data privacy and an ability to share in the value generated from their data.

The US healthcare industry has a multi-billion dollar marketplace for information sold to data brokers, pharmaceutical companies and device manufacturers. Yet consumers/patients receive none of the financial benefits. TimiHealth found some great examples of the deals that revolved around the sale of genomics data to pharmaceutical companies. This is a glaring example of big corporations profiting off consumers.

Millions of people pay direct to consumer genomic companies substantial fees to obtain information regarding their heritage, genetic disposition for certain disease states, or pharmacologic compatibility with drug regimens. Unfortunately, most consumers are unaware that the personal data gleaned from such tests can then be sold to any number of research organizations for huge profits—none of which are realized by the consumers themselves.

TimiHealth’s solution ensures that patients are in control of their own data where they can give permission for it to be used by their chosen healthcare providers and/or participating in the Timi Marketplace for data monetization.

“TimiHealth is driven by a mission to remedy these inequities by enabling consumers to own, control, and monetize the value of their health data, including that about their genomic data. TimiHealth is built on the principles of trust, transparency and empowerment, with a goal of putting control back into the hands of the true owners of this valuable data—consumers themselves,” said Will Lowe, Co-Founder of TimiHealth.

About TimiHealth:
The blockchain powered ecosystem providing portability, security, and control of consumer genomics and health data.

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Over 10,000 Participants Expected to Attend Chain2020 Blockchain Initiatives Event in Hong Kong

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Hong Kong

Over 10,000 participants are expected to attend the Chain2020 event, which is set to take place in Hong Kong on Jan. 15, 2020. The event is organized as a series of educational conferences focusing on Blockchain and FinTech technologies and related subjects for entrepreneurs, government officials and individuals seeking to integrate and promote the use of alternative financial technologies in the global economy.

The Chain2020 event will be featuring a broad range of conferences hosted and presented by more than 35 internationally recognized experts and speakers. Some of the prominent attendees scheduled to speak at the conference include:

  • Zoran Djikanovic, Ph.D., Professor of Economics at UDG, author of several papers on regulation and market infrastructure development
  • Susan Oh, recipient of The Quantum Impact Award in partnership with the UN General Assembly as one of the Top Ten Frontier Women in Digital
  • Richard Chentechnologist with vast experiences in successfully building internet applications, big data and AI and blockchain technologies
  • Dinis Guarda, author, academic, influencer, serial entrepreneur and leader in 4IR, AI, Fintech, digital transformation and Blockchain
  • Susanne Tarkowski Tempelhof, award-winning entrepreneur, a crypto activist and writer, working in frontier environments

The Chain2020 event is specifically being organized in the Asian region to attract the attention of the region’s population to the use of blockchain technologies and cryptocurrencies and increase the level of education and awareness about their application. The organizers of the event are confident that the series of conferences will help bolster awareness about the technologies and promote their penetration into various areas of social and business activities.

Chain 2020 offers a series of educational conferences promoting blockchain in the Asian region, aiming to become one of the key players locally and on a global scale. The mission of the event is to become a comprehensive source of blockchain knowledge, enhancing mass adoption of the new technology in the region, and become the most influential and mind-captivating platform aiming to create connections and partnerships that will have a long-lasting impact on the industry. The organizers of the event seek to advocate blockchain initiatives in ASIA and support mass adoption of the technology to advance business, science, and society.

To learn more about Chain 2020 please visit: https://www.chain2020.com
Find Chain 2020 on Facebook: https://www.facebook.com/Chain2020
Follow Chain 2020 on Twitter: https://t.me/chain_2020

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Blockchain Technologies in Healthcare Study, 2019 – Benefits & Challenges for the Pharmaceutical Industry and the FDAs Role

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Blockchain technology

The “Blockchain Technologies in Healthcare” report has been added to ResearchAndMarkets.com’s offering. This report examines blockchain technology in healthcare by noting selected activities, partnerships, etc. of companies and organizations either in the healthcare industry directly or in enterprises outside of healthcare such as software or platform development.

Blockchain is essentially a tool that has the potential to keep secure data in a distributed ledger with the capability to be shared across networks.

The concept behind blockchain is that it has three components:

  • A widely distributed network
  • A shared ledger with validated access identities
  • Digital transactions

Blockchain technology is emerging in many other industries but it has some unique challenges in healthcare.

This report discusses some of the major application areas for blockchain technology in healthcare:

  • Genomics
  • Storage of Electronic Health Records
  • Enabling Personal Health Records (PHRs)
  • Drug Supply Chain Security
  • Provider Data Management
  • Clinical Trial Management
  • Medical Device Tracking and Tracing
  • Food Safety Diagnostics

Key Topics Covered

1. Executive Summary

  • Introduction
  • Some Applications for Blockchain in Healthcare
    • Genomics
    • Storing and Enabling of Health Records
    • Drug Supply Chain Security
    • Provider Data Management
    • Clinical Trial Management
    • Medical Device Tracking and Tracing
    • Food Safety Diagnostics
  • Blockchain in Healthcare: Some of the Major Players
  • Methodology

2. Blockchain Technologies in Healthcare

  • Introduction
  • Genomics
  • Storage of Electronic Health Records
  • Enabling Personal Health Records (PHRs)
  • Drug Supply Chain Security
    • Challenges for the Pharmaceutical Industry
    • Benefits for the Pharmaceutical Industry
    • The FDAs Role
  • Provider Data Management
  • Clinical Trial Management
  • Medical Device Tracking and Tracing
  • Food Safety Diagnostics
  • Players in the Blockchain in Healthcare Market
  • Amazon Web Services, Inc.
  • Apple
  • Austin Blockchain Collective Healthcare Working Group
  • Blockchain in Healthcare Global
  • The Blockchain Research Institute
  • Boehringer Ingelheim (Canada) Ltd.
  • BurstIQ
  • CareChain
  • Change Healthcare
  • Cisco
  • Digital DNAtix Ltd.
  • doc.ai
  • EMIS Group
  • EncrypGen
  • Evernym
  • Genecoin
  • Genetic Technologies Limited
  • Genomes.io
  • Google (Alphabet, Inc.)
  • Guardtime
  • IBM
  • Intel
  • Kadena
  • LunaPBC / LunaDNA
  • Medicalchain
  • MedRec
  • Microsoft
  • MyGenomeBank
  • MyHealthMyData (MHMD)
  • NantOmics
  • Nebula Genomics
  • Oracle
  • Professional Credentials Exchange (ProCredEx)
  • Quest Diagnostics
  • Rymedi
  • RF Ideas
  • Shivom
  • SimplyVital Health
  • ShoCard
  • Solve.Care
  • Spiritus Partners
  • Synaptic Health Alliance
  • TimiCoin / TimiHealth
  • Walmart
  • WHISE-Embleema Consortium
  • WuXi NextCODE / LifeCODE.ai
  • Zenome

For more information about this report visit https://www.researchandmarkets.com/r/db47fe

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Crypto Commonwealth: A Blockchain project en route to a world-leading publisher and asset manager

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Crypto Commonwealth

When there is a conversation about the biggest publishers in the field of science the names nature and science are always included. Let’s imagine that the ongoing blockchain revolution is incubating a publishing house of such caliber. What type of ecosystem would it bring forth and which groundbreaking technologies would it integrate?

Crypto Commonwealth is considered to be one of the most ambitious projects. Their vision is to create a community that incentivizes effort and quality of publications, with the ultimate goal to create a journal as successful as Nature and Science. The project claims to have a strong network of researchers in top universities and plans to invite more of them to join, as well as funding their research in academia. They intend to distribute 100% net profit back to the authors, editors, and reviewers, paying for their contributions in their native token COMM. Excellent contributions will make the ecosystem stronger, encouraging and inviting more people to play a part within as everybody looks for incentives.

Crypto Commonwealth focuses not only on becoming a top tier publisher of all things,  crypto or not. It also envisions becoming a digital and traditional asset manager that can potentially outperform BTC and the stock market growth in the long term. Its strategy construction follows the “trilemma in portfolio management”. Under this model, three variables are considered: high return, low risk, and high capacity. Those who have some experience investing in traditional or crypto assets, either in IPOs, ICOs, IEOs or directly in the secondary markets have learned, maybe the hard way, that it is not possible to embrace these three vertices simultaneously. For COMM the presence of two of these factors excludes the third as well. It is on this understanding that high return and low risk exclude high capacities, such as in alphas and high-frequency trading. Crypto Commonwealth itself encompasses hedge funds including the alpha fund  “Sphinx” and the smart beta fund “Stonybrook” under the high return and low-risk classification. Conversely, you could have any of the two other configurations. At this point, the triangle metaphor explains itself.

The merit of a project like COMM is that it merges into an innovative ecosystem the wisdom of an elite publisher house with the profit-making power of a hedge fund. Take for example “Stonybrook”, which is the very first (if not the one and only) crypto smart beta and alpha fund to endorse and publish high-quality crypto strategies and analyses on-site, and make them transparent to investors and readers largely for free. This allows investors to understand what they are trading with and take good control of their asset allocation. Crypto Commonwealth will offer detailed, professional suggestions to help them make the most informed decisions in style selections upon investment. This profit will be redistributed into the ecosystem in a decent cut – up to 50% of management or incentive fee would be shared among excellent authors, portfolio managers, researchers, and collaborators.

Contributors can opt to be external or internal researchers. Internal or ‘book’ researchers are expected to run backtests on the platform and submit alphas for centralized post-processing, including portfolio combination and optimization, however, this is by no means limited thereto. Upon proper evaluation, a certain amount of COMMs will be paid out as a reward, with a significant amount to be followed pending the alpha performance out-of-sample and in live trading. These, of course, are what could be considered the right steps to build a strong and wise community.

COMM’s professional column, ‘Beta for Pros’ is expected to cover smart beta/alpha investigation, factor/risk premium analysis, ETF construction, pair arbitrage, statistical arbitrage, exchange arbitrage, high-frequency trading, risk management, automatic investment, market making, and the applications of portfolio management techniques that improve simple trading methods. They also have two more columns intended for generic readers that serve as educational resources and crypto knowledge base – ‘Beta for fun’ and ‘Crypto Insights’. They cover quantitative and fun crypto analysis, tokenomics and philosophies, as well as non-quantitative articles in the blockchain domain including crypto overviews, insights, token mechanism/algorithm, macro visions, blockchain techniques, etc.

The long term vision of this journal/fund is to acquire high-quality, stable submissions and a good impact factor, then start charging subscription and publishing fees as any other commercial journals. More importantly, it plans to redistribute all profits after operational costs back to the authors, editors, and reviewers. This is a closed cycle that is expected to nourish and sustain the ecosystem as it starts to gain momentum.

What is interesting is that Crypto Commonwealth has a strong background in global stock markets, having amassed a good number of lowly correlated equity strategies at their disposal. The project is seeking to tokenize them as soon as circumstances permit. Those who have been following the cryptocurrency market recognize that tokenization of other financial markets, like commodities, futures, stocks, currencies, bonds and real estate is promised to be even bigger in capitalization than all the current cryptocurrencies. A real pioneer in strategy tokenization, COMM will certainly build a supportive and productive atmosphere for portfolio managers across multiple markets to participate in its ecosystem.

In conclusion, Crypto Commonwealth is a promising project that harbors the first publishing house and investment funds backed by a community of contributors, investors, scholars, and researchers, redistributing profits among its members. In this way, it represents a breakthrough for the technological paradigm that our society is about to experience.

Website: cryptocommonwealth.io

Email: [email protected]

Telegram: https://t.me/Crypto_Commonwealth_Europe

Telegram channel: https://t.me/CryptoCommonwealth_ANN

Twitter: https://twitter.com/CryptoSmartBeta

Facebook: https://www.facebook.com/Crypto-Commonwealth-102262581218579/

Medium: https://medium.com/@CryptoCommonwealth

LinkedIn: https://www.linkedin.com/company/cryptocommonwealth

Youtube: https://www.youtube.com/channel/UCpsI9ikWg7HKobrj_1Zq38A

Reddit: https://www.reddit.com/user/CryptoSmartBeta

GitHub: https://github.com/CryptoCommonWealth

Bitcointalk: https://bitcointalk.org/index.php?topic=5201899.new#new

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Blockchain

SoFi Introduces Crypto Trading With SoFi Invest

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SoFi

SoFi announced today that it has added crypto trading to its fast-growing SoFi Invest platform, as a response to demand from its over 800,000 members. SoFi Invest is now the first platform to offer automated and active investing with stocks, ETFs, and crypto through a single app.

Individuals can easily buy and sell several cryptocurrencies with straightforward, competitive commissions and no account minimums, as well as track the price movements of the world’s most widely-traded digital assets, with more cryptocurrencies to be added in the coming months. SoFi secures all crypto holdings from fraud and theft.

“Feedback from our members has made it clear that a significant percentage are not only interested in learning more about cryptocurrencies but are also already buying and selling crypto,” said SoFi CEO Anthony Noto. “We’re very pleased to be adding this new product to SoFi Invest, as access, education, and keeping costs low for our members is at the heart of what we do.”

SoFi Invest, released to the public earlier this year, offers both automated (robo-advising) and active investing (trading) with no fees on stock trading or account minimums. The launch of crypto trading comes on the heels of SoFi’s introduction of its own SoFi-branded ETFs this Spring, which included the first two zero-fee ETFs on the market, as well as Stock Bits: the ability to buy and sell fractional shares in over 100 popular stocks and ETFs ranging from Apple and Amazon, to Alphabet and Tesla*.

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Simcord – Ukrainian IT company, integrating digital assets into the international legal field

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real_1574868440

IT is confidently turning from a young area of the industry into a mature segment of economy, while the profit from progressive developments is increasing annually.

In particular, two years ago, IT services occupied the third place in Ukraine’s export, but last year they already moved to the second and represent a fifth of Ukraine’s export production volume. Local abilities of the country are pretty significant: Kharkiv and Lviv are leading among regional IT clusters, while Kyiv, Dnipro and Odesa are slowly strengthening their positions. We can state that Simcord, which is located in Kharkiv, is one of the activists in the field.

Simcord is mainly engaged in implementing hi-tech solutions for businesses and integrating blockchain technologies. However, these areas not only don’t restrict the scope of the company’s activity, but also give the opportunity to simultaneously work in other areas. In particular, the company develops software and progressive products: blockchain protocols and consensus algorithms; analytical platforms for processing high data volumes; hardware and software complexes for trading on the global financial market; websites, mobile apps on iOS and Android platforms.

Innovative models of servicing progressive business strategies stand out among the services provided by Simcord. First and foremost, they include: advice in the field of digital technologies on international financial markets; development of application programming interfaces; legal advice and supervision; organization of information security, etc.

Since the beginning of 2019, Simcord announced the start of works on integrating the term “digital asset” into the international legal field. In the article “Substantiation of the Term “Digital Asset”: Economic and Legal Aspects”, Simcord CEO Alexander Kud explains that digital asset is a certain value represented in digital form. It covers economic, legal, value and information components of a digital asset. The author notes that the emergence of blockchain and cryptocurrencies, which became phenomena in the economic field themselves, gives practical significance to the term “digital asset”.

real_1574868692

Aside from forming a clear definition of the term, Simcord, in association with the National Academy of Legal Sciences of Ukraine, initiated the introduction of this term into the legal framework. Thus, they developed the document (de facto a test) for determining whether a blockchain token corresponds to a digital asset. Using this test, one can determine if any token is a digital asset based on its properties and correspondence to the criteria.

In September 2019, representatives of Simcord took part in the III International Legal Forum held at the Yaroslav Mudryi National Law University, where they became the first IT company to participate in such event. For Simcord, the forum was yet another opportunity to demonstrate the entire potential of the Bitbon system in developing an information economy supported by the blockchain technology.

Representatives of Simcord gave several presentations, participated in the roundtable and panel discussion, where they comprehensively explained the essence and opportunities of Bitbon for the formation of the market of information resources and services. They discussed the nature of digital assets and defined the prospects of integrating them under new conditions. For representatives of economy, business and law, Simcord CEO Alexander Kud held a briefing on the relevant issues and presented the monograph “Digital Assets and Their Legal Regulation in the Light of the Blockchain Technology Development”.

Simcord is the company that lives in the future and creates it today. This slogan allows constantly moving forward and actively building future plans. Now, representatives of Simcord are preparing to take part in the roundtable of the Research Center of Legal Solutions in the Area of Application of Distributed Ledger Technologies on “Standards of Blockchain Tools”. Occasionally Simcord conducts briefings on the matters of digital and information economies, legislative process of regulating blockchain and development of the Bitbon system in the legal field.

Having analyzed the activity of Simcord, you can come to the conclusion that the company is consistently moving towards realizing its main idea, while at the same time striving towards the digitalization of economy along with Ukraine. The company successfully implements its ideas and is moving forward together with the global progress.

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Nucleus Vision Launches Global Identity and Consent Blockchain Network

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Blockchain App Factory

Nucleus Vision, an IoT & Blockchain technology company serving the retail industry, launches GIDC (Global Identity and Consent) blockchain network for consent-based data access management. The private multi-node blockchain network gives power to users to control who can access their data. Nucleus Vision announces the launch of this network at Genesis DevCon, a blockchain conference held in Bangalore, India, on 24 & 25 November.

Nucleus Vision addresses the challenges faced by brick-and-mortar businesses through a technological solution that is built using the Internet of Things and Artificial Intelligence technologies to provide knowledge of consumer shopping behavior and preferences in real-time for retailers. With data at the core of this solution, Nucleus Vision brings in Blockchain technology to ensure privacy and security.

Users can visit Nucleus Vision’s block explorer to explore the private blockchain network that currently has five active nodes. Through a user interface developed by the company, users can manage access control to their shopping and behavioral data. Based on the consent of the users, the network executes smart contracts to allow information exchange among the businesses and data partners in the Nucleus Vision ecosystem. Users can also disable permissions to any particular party to access their data.

While unveiling the network at Genesis DevCon, Abhishek Pitti, CEO of Nucleus Vision, says, “The challenges with existing systems in the retail industry are creating opportunities for innovation. Especially, crucial aspects like Data privacy and Consent Management have prominent use cases for Blockchain. Though the availability of information has a lot to offer, lack of stringent security solutions gets in the way to leveraging the data and that’s where Blockchain steps in. The launch of the GIDC blockchain network is a way-forward for Nucleus Vision to redefine consumer experience in brick-and-mortar stores.”

About Nucleus Vision:

Founded in 2014 at Harvard University, Nucleus Vision (http://www.nucleus.vision) is an end-to-end technology solution that captures & provides previously inaccessible data to retailers and brick-and-mortar businesses through blockchain and real-time sensor technology.

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BitMEX platform now in Trade-mate.io

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BitMEX

Nowadays, the monitoring of all the statistics regarding exchange accounts and the management of all the potential forces that can lead to alterations, crucial data for all the traders, has become more accessible thanks to a well-known platform, called Trade-mate.io.

This platform constitutes the project of a very experienced team with significant contributions in the field of automated systems. In this platform, the traders can carry out exchanges either automatically or manually, and they can use Binance and Poloniex crypto exchanges as well. Other than that, the users can also benefit from the BitMEX trading platform via Trade-made.io, making their life easier.

Trading on BitMEX

BitMEX is a trading platform that provides to his users the ability to participate in the financial market worldwide by using the so-called bitcoins. This platform is the first one where investors are provided with crypto derivatives that give the possibility to execute transactions with a higher profit margin, with leverage up to X100.

Although, because of the emerging technical issues during the implementation of BitMEX via API have prevented many large exchange platforms of adopting it, that didn’t dissuade the Trade-mate.io of integrated it, widening its users’ potentials even more.

Minimizing the risk of loss

Even though the X100 leverage scenario is very attractive to all the traders, the risk of loss must not be overlooked. Even the most experienced traders are not fully protected from such a great risk ratio, as the price of the triggered order is too close to the elimination zone, which can lead to an X100 loss. On the grounds of that, Trade-mate.io has set an X20 limit at the trading leverage to protect its investors from a great loss of their deposits.

Cross-margin

Cross-leverage hides big risks, as it uses all the available funds in an account’s balance to cover an open position. If the price is moving in the right direction, the leverage will be reduced as well as the collateral due to the accumulated profit. Albeit, in the case, that the leverage will escalate, as a consequence, there will be a total loss of the initial funds. In other words, when the position is opened and the order is liquidated, the entire balance will be reset.

Because of its highly risky nature, the cross-leverage is not recommended for risk-averse investors. It may be advisable for risk-neutral users, as it offers the ability to calculate again the size of the leverage, which will vary within acceptable values.

Because of its high-risk nature, the Trade-mate.io does not support cross-leverage.

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Why use Trade-mate.io platform

One of the most important features of the Trade-mate.io platform is the fact that an order is placed with a take profit and stop loss simultaneously and, they can be altered either automatically or manually, providing to the investor with the opportunity to make Smart Trade functions.

A Smart Trading process consists of two types of orders, the limit order, and the market order. In the first case, an order is placed at the price of interest and when it riches the specified level, the order is activated. In this case, the order is pending. In the case of the market order, the purchase or the sale of an instant market asset is made at that moment.

Trailing mode

The trailing mode is a Smart Trade’s function that rearranges the orders based on the specified parameters, allowing the trader to minimize the risk and to increase his profits. Trailing mode consists of three orders:

1. Trailing take profit

In this case, the order parameters change the value of floating take profit and the default setting is 1%. As the price attains the level of the determined take profit, the take profit is being automatically moved to the set value until the price is no longer changing.

2. Trailing stop loss

The difference with taking profit is that, in this case, instead of taking profit, the taking loss is the one that is moved as the price increases and it remains stable when the price is decreased.

3. Trailing ladder

Here, as soon as an order is opened, the take profit and stop loss are triggered concurrently. In more detail, when the price approaches the first level of taking profit, the stop loss is moved to the break-even point. This will continue until the price crosses the stop loss line and the sell is activated.

It should be emphasized that this mode is not included in the BitMEX platform or any other crypto exchange.

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Edit a task

In the trade-mate.io platform, the traders are also able to edit the current task without canceling it, unlike with other crypto exchange users where the users are obliged to cancel the old task in order to create a new one.

In the Trade-mate platform, the task can be edited before the order is been activated. The traders are able to cancel the task, to change it in case they want to sell cryptocurrency when the price has reached desirable levels or to average it. By this can be benefit traders dealing with leverage, as once they have created an order, they are able to edit it in the meantime, making the whole process more simple.

Last but not least, in this platform, the traders possess the ability to change even the control panel and to make it comfortable for them to use it. They can move the elements in the control panel and adjust them at the most convenient for them positions by just dragging them around the screen.

Copy on BitMEX

BitMEX gives the opportunity to its traders to copy trades from other trades, the so-called auto trading. In addition, traders who execute successful trading on the crypto market, they receive incomes from the subscribers. That’s why Trate-mate.io selects only the traders with the highest ratings in order to guide others. Again, for the safety of its users, the leverage for auto trading will be no more than X5. In this way, liquidating balances are prevented.

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Bitcoin

A-share blockchain stocks rally on hopes of investment explosion

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Bitcoin Drop

Stocks of many Chinese blockchain technology-related A-share firms rose to the daily limit of 10 percent immediately after stock markets opened on Monday, amid expectations that more capital would be funneled into the sector following official endorsement.

Feitian Technologies Co, a Beijing-based supplier of smart-card-based security solutions and products, saw its stocks rise 10 percent to 14.85 yuan ($2.10). Previously, the company said it had released equipment for the safe storage of blockchain-based digital currency.

Shunya International Martech Beijing Co, a Beijing-based integrated communications firm, also saw its price rise 10 percent to 18.92 yuan.

In September, Shunya announced that one of its joint stock companies specialized in the application of blockchain technology in the real economy, including supply chain finance, smart ports and blockchain-based food traceability management.

Bitcoin’s price had reached $9,728.93 as of press time, up roughly 22 percent from Friday, data from Coindesk showed.

Chinese President Xi Jinping urged increased efforts to speed up development in this sector, underscoring the important role of blockchain technology in the new round of technological innovation and industrial transformation.

Following the news, Shenzhen Xunlei Networking Technologies Co soared 107.76 percent to $4.82, its highest daily rise since its listing on Nasdaq in 2014.

In October 2017, Xunlei announced it was transitioning from an online services provider into a blockchain company, and released a blockchain-based product named OneThing Cloud.

Other companies, including Beijing Certificate Authority Co, IT solutions provider Yusys Technologies Co and cryptography technology-based information security equipment provider Westone Information Industry Inc, soared to the daily limit on Monday.

The Chinese president’s endorsement of the technology is expected to enhance market appeal for blockchain shares and boost investment, said Yang Delong, chief economist at Shenzhen-based First Seafront Fund Management Co.

“But the application of the technology still has a long way to ago. We need to follow whether or not these public companies really implement the national policy and invest in research and applications,” Yang told the Global Times.

On October 24, Zhongguancun Science Park announced financial support for the research and development of 2,920 small technology companies, including dozens of blockchain-related firms such as innovative blockchain platform Beijing-based ASCH, one-stop blockchain technology service firm Chinaup and Oracle Chain. Details about the subsidies have not yet been made available.

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Blockchain

UNICEF Launches Cryptocurrency Fund

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UNICEF

UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world.

Under the structure of the UNICEF Cryptocurrency Fund, contributions will be held in their cryptocurrency of contribution, and granted out in the same cryptocurrency.

“This is a new and exciting venture for UNICEF,” said Henrietta Fore, UNICEF Executive Director. “If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. That’s why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work.”

The first contributions to the UNICEF Cryptocurrency Fund will be received from the Ethereum Foundation and will benefit three grantees of the UNICEF Innovation Fund – and a project coordinated by the GIGA initiative to connect schools across the world to the internet.

“The Ethereum Foundation is excited to demonstrate the power of what Ethereum and blockchain technology can do for communities around the world. Together with UNICEF, we’re taking action with the Cryptofund to improve access to basic needs, rights, and resources,” said Aya Miyaguchi, Executive Director of the Ethereum Foundation. “We aim to support the research and development of the Ethereum platform, and to grow the community of those that benefit from a technology that will better countless lives and industries in the years to come. We’d like to thank UNICEF and the UNICEF family of national committees for their leadership as we create real progress together.”

The Ethereum Foundation will make its initial donation through the French National Committee for UNICEF.

UNICEF national committees of USA, Australia and New Zealand also accept cryptocurrency.

The launch of the UNICEF Cryptocurrency Fund is part of UNICEF’s ongoing work with blockchain technology. UNICEF co-leads the UN Innovation Network with WFP. The network is responsible for researching the potential and pitfalls of blockchain and other emerging technologies.

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