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Australian State Pilot Puts Driver’s Licenses on a Blockchain

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The New South Wales government recently announced it would be kicking off a metro trial of a digital driver licence in November across Sydney’s Eastern Beaches, allowing more than 140,000 licence holders in the region to ditch the plastic identification card for a smartphone-rendered copy, available via the Service NSW app.

The trial expands a pilot in Dubbo late last year that allowed participants to use their digital driver licence for proof of identity and proof of age to gain entry into pubs and clubs, as well as for roadside police checks.

On Monday, launching a blockchain solution designed to underpin the digitisation of government services, Australian data security company Secure Logic revealed its platform had been used to underpin the digital driver licence, enabling the state-wide roll-out of the digital identification play, with its tech used in both the Dubbo and the upcoming Eastern Beaches trials.

Secure Logic CEO Santosh Devaraj said driver’s licences are the tip of the iceberg when it comes to the transformation of the public service and that he expects new technologies will significantly change how people interact with government over the next decade.

“The era of standing in line to file government paperwork is coming to an end, as is our reliance on physical identification cards to establish your identity or proof of age with law enforcement or at licensed venues. These are mistake prone, time-consuming, expensive, and impractical ways to offer services,” Devaraj said.

According to the company, TrustGrid is an advanced blockchain solution that delivers a secure, decentralised, and immutable ledger of transactions. It enables government agencies and vetted private organisations such as hospitals and financial institutions to create private consortiums of trust entities on the fly.

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Blockchain Venture Summit London 2018 Features Europe’s leading Blockchain and Cryptocurrency Investors

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London 2018
London

Webrazzi and its popular event series Blockchain Venture Summit is coming to London, United Kingdom, to get the region’s top blockchain investors and founders gathered at this executive-level conference. This unique and exclusive conference will be held on 21st November 2018 at 8 Northumberland, the most central venue in London. Limited to only 500 attendees, Blockchain Venture Summit is nearly sold out and the agenda is announced today.

Blockchain Venture Summit London 2018 features Europe’s leading blockchain and cryptocurrency investors, VCs, hedge funds and entrepreneurs with an impressive lineup of keynotes, panels and discussions.

Equity vs Token investments, unlocking the institutional money, investing in blockchain, generalised mining, future of crypto venture capital, enterprise adoption of blockchain applications, corporate venturing with blockchain, future of ICOs and security tokens are some of the topics which will be covered at this unique and exclusive conference.

Some of the most influential and active companies of Europe’s blockchain scene including Consensys, StakeZero Ventures, Cambrial, Kryptonite1, Outlier Ventures, Codex Protocol, Blockwall, Alphabit Digital Currency Fund, LCX, Fabric Ventures, PROFounders Capital, IEG are among the event’s powerful speaker lineup.

A few tickets are still available for purchase and here is a 20% discount code “​BVSLDN18​​” for last minute buyers of this exclusive conference. You can register, check the agenda and get all details on https://blockchainventuresummit.com

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FX Settlement Specialist, $5 Trillion CLS, Turns to IBM Blockchain for “Netting”

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The world’s leading provider of FX settlement services, CLS, is launching a blockchain-based “netting” service within a matter of days, the company’s Chief Strategy Officer Alan Marquard said today.

Speaking at the IBM Think conference in London, he told a packed audience that the company, which settles some $5 trillion daily, would be operating the first “enterprise-level, open-for-business service” based on distributed ledger technology (DLT) in the financial markets.

He told Computer Business Review, before excusing himself saying the news was under embargo, that the launch would start small and scale up.

When asked what volumes the systCLS blockchainem would start with, he said: “It doesn’t matter. It will be interesting to see what we are doing by the end of Q1 though. We also start small with something like this and watch closely.”

Netting entails offsetting the value of multiple positions or payments due to be exchanged between two or more parties, for example to account for currency volatility caused by timezone difference. It can be used to determine which party is owed remuneration in a multiparty agreement.

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Swiss Exchange SIX Expects Blockchain-Platform to Rule in 10 Years

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Swiss exchange SIX expects its traditional trading platform to be overtaken within a decade by an alternative it is launching that will be based on blockchain technology.

Although stock and bond dealing on SIX and most other exchanges are now fully electronic, the underlying processing steps are often based on old protocols of paper and post.

“The existing system could be completely replaced by the digital exchange in about 10 years,” Thomas Zeeb, head of securities and exchanges at SIX, told Reuters.

SIX Digital Exchange (SDX) is scheduled to launch in mid-2019 and initially run parallel to the existing SIX platform, which involves three steps to complete a purchase or sale of securities, often over several days.

Two of them vanish in a blockchain distributed ledger, meaning a transaction can be completed in fractions of a second.

“The moment that brokers, banks, insurance companies and big asset managers really see the cost advantages, they’ll move relatively quickly,” Zeeb, a Canadian, said.

Although many exchanges are working on such projects, including Deutsche Boerse, SDX is the Swiss stock exchange’s reaction to threats posed by start-ups.

The boom in cryptocurrencies like Bitcoin, which is underpinned by blockchain, quickly brought Coinbase in San Francisco or Hong Kong-based Binance millions of customers.

“They are pushing into our business and especially the banks … That’s a big danger,” he said, adding that challengers could bypass banks or stock exchanges completely.

SIX still needs to clarify legal issues with the Financial Market Authority watchdog and the Swiss government.

Once these are clear, SDX is likely to offer trading in selected stocks, followed by other stocks and later bonds and possibly exchange-traded funds, Zeeb said.

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Kakao Partners with Terra in Blockchain Payment System

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Kakao has signed a partnership agreement with Terra to apply the former’s blockchain platform technology Klaytn to the latter’s blockchain-based payment system, the two firms said Wednesday.

Terra, founded by TMON creator Shin Hyun-seung, is a global company offering a blockchain-based payment system, which utilizes “stablecoin,” to diverse e-commerce platforms and is working to build borderless money exchange networks.

Kakao, the nation’s largest mobile messenger app operator, has also been accelerating the development of a blockchain ecosystem. On Oct. 8, its subsidiary Ground X unveiled plans to launch a testnet version of its blockchain platform Klaytn.

The two firms said their partnership agreement is expected to contribute to promptly creating a blockchain ecosystem suitable for services offered to a large group of people. Through cooperation with Kakao, Terra plans to enhance core requirements for payment services, such as speed, stability and reliability.

The two firms will also discuss measures to utilize the Klaytn platform for Terra’s upcoming blockchain services and carry out joint research to bring stablecoin to the Klaytn platform.

“Speed, stability and reliability are the most important issues in the blockchain-based payment system,” Shin said. “Terra will cooperate with Klaytn in coming up with ideas to solve the issues and offering services that give actual benefit to users.”

Ground X CEO Jason Han said Terra has built an alliance with global e-commerce partners, including a global shopping platform Qoo10, of tens of millions of users worldwide.

“Cooperation with Terra will help Klaytn solidify its position as a blockchain platform for large-scale services.”

According to Ground X, Klaytn is seeking to popularize blockchain, prioritizing user and developer experience. It has signed partnership agreements with firms in diverse industries including games and content.

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Europe’s most active investors are gathering in London for the Blockchain Venture Summit

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London

The Blockchain technology, which enables creating and storing secure and permanent data records, is already being adopted worldwide. Experts of the Blockchain and crypto ecosystem will gather on the 21st of November in London for the Blockchain Venture Summit.

Blockchain Venture Summit, which will be held in 8 Northumberland, one of London’s top attractions, organized by Webrazzi, leading media company of the tech and internet world in the MENA region in collaboration with Bitrazzi, which focuses on Blockchain and cryptocurrency. There are important names among the speakers of the Blockchain Venture Summit, such as Richard Muirhead from Fabric Venture’s, Ajit Tripathi from ConsenSys, Adi Ben-Ari, Monty Metzger.

Among the new speakers of Blockchain Venture Summit, where experts of the Blockchain and crypto ecosystem will come together are; Ambre Soubiran from Kaiko, Tomer Federman from Federman Capital, Jamie Burke from Outlier Ventures, Laura Kornelija Inamedinova from LKI CONSULTING, Nancy Fechnay from BedrockX, Megan Reynolds from Entrepreneur First, Philip Mifsud from Blockchain Generation, Peter Lundgreen from Lundgreen Capital, and Sheba Karamat from Coin Rivet.

Bringing together the Blockchain and crypto ecosystem

CEO of Webrazzi, Arda Kutsal, will hold the opening speech of the conference, which is sponsored by Coiny, Colendi and Gobaba and will be held in London on the 21st of November 2018. You can get more information about the conference, which will be an exclusive event limited to only 500 people, and the agenda, here.

A few tickets are still available for purchase and here is a %20 discount code “BVSLDN18” for last minute buyers of this exclusive conference.

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The CSIRO has Helped Create Blockchain-Powered Smart Money

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Blockchain-Powered

The CSIRO’s Data61 and the Commonwealth Bank have created a new type of smart money powered by blockchain. This smart money, also known as programmable money, can be used to help manage insurance payouts, budgeting and the management of trusts and charities in Australia.

Once programmed, smart money knows who it can be spent by, what it can be spent on, when it can be spent, how much of it can be spent and any other conditions that may be set by those funding the payment.

Smart money also reduces the need for funders to assess payments after-the-fact when checking for compliance with spending rules. The technology was trialled with 10 participants and carers in the National Disability Insurance Scheme (NDIS) using a prototype app. The findings of the smart money proof of concept were released today in a report, Making Money Smart.

“This has been an important research project for understanding the benefits and limitations of blockchain technology in the context of conditional payment environments, such as the NDIS,” says Dr Mark Staples, Senior Principal Researcher in the Software and Computational Systems program at CSIRO’s Data61.

“Our use of blockchain added new kinds of programmable behaviours to the smart money in the prototype system. This automation and flexibility could reduce friction and enable greater innovation in many payment environments and unlock network-effect benefits.

“This could include more directly connecting citizens to public policy programs, empowering people to optimise their spending through things like smart savings plans and smart diets, and reducing costs for businesses, including through the potential for self-taxing transactions.”

The prototype app was tested by 10 NDIS participants and carers in the CommBank Innovation Lab as well as a small number of medium-sized disability service providers.

Participants and carers estimated the app could save them one hour to 15 hours per week, while service providers estimated potential annual cost savings as a percentage of revenue of 0.3% to 0.8%. CBA modelling indicates the economic benefits would run to hundreds of millions of dollars a year.

Julie Hunter, the Commonwealth Bank’s Head of Government, says the trial results also show potential to reduce administration costs for disability service providers and the risk of fraud and accidental misspending.

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Black Sea Wheat Sees Blockchain Trade

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Black Sea

Black Sea wheat traded using blockchain Monday in a pilot deal between Solaris and Transoil International via the Cerealia Platform, the platform’s developer said. A Russian 25,000 mt parcel of 11.5% protein wheat on a FOB basis at Novorossiisk for December delivery traded for an undisclosed price.

The platform developer said it was the first such Black Sea wheat deal. Blockchain is a mechanism that allows the chronological and public display of transactions that have taken place on the platform. The goal is to minimize risk and any conflict that may arise by storing all related data on blockchain to settle disputes smoothly, should they arise.

While contract details including price or loading rates are not visible to the public, it is possible to see that such a trade has taken place and that its contract terms are uploaded onto the system in an encrypted format.

“An independent auditor has reviewed all the important details of the trade from the blockchain and validated the smart contract, digital signatures, signed document and timestamps. He also confirmed that data has been encrypted, that no other data has been stored and that all data is up to date,” Cerealia, a start-up based Lausanne, Switzerland, said in a press release.

“The next stage is to support emerging market traders in their local domestic currencies using fintech,” Cerealia CEO and co-founder Andrei Grigorov said.

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Emerging Cloud Server Cryptocurrency Mining Service Splitt Experiences Rapid Growth, Attracts Ten Thousand Investors in Less than Three Months

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Crypto Billionaire

Recently launched cloud server cryptocurrency mining service, Splitt is now making the heads turn in the global crypto community. Designed to make cryptocurrency mining user-friendly and safe for all, Splitt has secured an investment of well over $5 million from more than ten thousand investors over the last three months. 

Splitt, a recently launched cryptocurrency mining service equipped with a cloud server, is now taking giant strides towards becoming a highly preferred choice amongst the crypt mining enthusiasts around the world. Following its mega launch in August, Splitt has done well to secure close to one hundred thousand users and ten thousand investors in less than three months. Official sources have revealed that the company has already received an investment of more than five million for further development of the business. 

As a result of drastic increase in the number of miners, bitcoin mining has become extremely competitive these days. Along with this growing competition, the bitcoin network has increased the difficulty level of solving the puzzles. As a result, it has become necessary now for the miners to up their game to stay in the race. 

Splitt

The crypto cloud of Splitt meets these challenges by offering mining services with ASIC integrated chips. This is considered to be the latest breakthrough in crypto mining because it is faster compared to the traditional GPU and CPU mining, and consumes less power. Splitt cloud mining requires no specialized hardware as it utilizes shared processing power from data centres. 

Thousands of users have recommended Splitt as their crypto mining alternative because of the following features. 

  • Flexible multi-algorithm cloud mining
  • No pool fees, no waiting for equipment and no system crashes
  • Hashpower is purchased and is retained for the whole contract duration.
  • Dedicated to transparency and discloses everything to the public
  • The company can be located easily and its representatives attend a number of events regularly
  • Mining a number of different cryptocurrencies from scrypt and proof of work algorithm coins as well as ASIC and GPU mining
  • Three-tier affiliate program and a lucrative bonus system

All Splitt users also have the opportunity to boost their mining contracts every week by winning Splitt Points. Moreover, the company is currently looking for a name for their Mascot and the winner coming up with the same will receive one thousand Splitt Points.  

As part of the company’s global expansion plan, Splitt has recently opened a fully operational office in Thailand. The office is headed by Certified Bitcoin Professional Mr. Taradon Kriwichet, who is available alongside his team on a daily basis to help the visitors. Interestingly, a high percentage of investors that have contributed to Splitt are from Thailand. Investors from Ghana, Italy, Germany, and Russia have also contributed generously. 

“We are happy to let you know that we have received an investment of more than $5 Million to grow our business. We have been unstoppable in the recent months, with more than 95k users and 10k investors,” said a senior spokesperson from Splitt. “Now, we also have a fully operational office in Thailand and much more is expected in the near future.”    

As a rapidly growing industry player, Splitt takes part in a number crypto conferences and forums all over the world. In the recent months, the company actively participated in three key industry events and the next one is coming up soon. In October, Splitt representatives conducted a successful workshop and networking conference in Ghana.

Splitt has an ambitious future plan that includes opening a Splitt Cafe in Thailand in January, 2019. To cater a rapidly expanding pool of users, the company has recently fine-tuned their web presence. The Facebook Fan page of Splitt has also been rebranded. More latest news and updates about Splitt is available at https://splitt.co/en/news

Mentioned below are the upcoming summits to be attended by Splitt

  • Ghana Summit No. 2 – 24 November 2018 – Miklin Hotel Conference Room (Contact John Kaakyire – 0249791008)
  • star2 Italy’s First-Ever Summit (with special Italian translator for Speaker CBP Taradon) – 01 December 2018 – Savoy Excelsior Palace Hotel – Contact Mr. Alex Vicini – 3296752612)
  • star2 Thailand Summit No. 4 – 16 December 2018 – Viva Garden Hotel (Contact Mr. Taradon Kriwichet – https://t.me/splittchat_th)

To stay up-to-date with all latest developments, Splitt users are encouraged to subscribe to the company’s Telegram Group at https://t.me/splittchat_en

The company requests all their customers to take part in an event survey by visiting the link https://splitt.co/en/forms/eventsurvey   

To find out more about Splitt, please visit https://splitt.co/en/

About Splitt: Splitt offers a user-friendly alternative to cryptocurrency mining from home at any time. It is suitable for amateurs as well as cryptocurrency experts working on a larger scale. The cloud mining service offers a fresh alternative to traditional means of cryptocurrency mining. The company’s priority is to offer a standardized, highly reliable, and high-performance cloud computing environment in all of the fifteen cities they serve at present. 

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All-Dimensional Sharding Blockchain MultiVAC Published its Lab Data: TPS Reached 30,784

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MultiVAC published its lab data on its website, which highlights that MultiVAC has successfully achieved 30,784 TPS using 64 shards, with a single shard reaching 533 TPS. MultiVAC’s success marks a breakthrough in sharding technology. As a star project in sharding public blockchain, MultiVAC is expected to solve the difficult public blockchain expansion issue.

Public blockchain is recognized as one of the areas in blockchain that has the best potential for future development. Many in the industry have envisioned that public blockchain can become the next-generation foundation of large commercial platforms that can match the scale of existing operating systems such as MAC OS and Windows. Nevertheless, a major issue is that it is currently difficult for blockchain developers to realize the practical value of blockchain. This is because existing blockchain platforms have extremely poor scalability and cannot provide effective support for DApps that require processing high volumes of data. For example, the average processing rate is 4-5 transactions per second for Bitcoin, and that of Ethereum is 10 transactions per second. Therefore, sharding stands out as one of the potential solutions to this problem. As one of the classic expansion solutions in distributive data systems, sharding can effectively enhance the capacity of the system and retain good scalability as the number of nodes in the network increases.

“The lab data has again proved that sharding can effectively enhance the capacity of the system. MultiVAC’s all-dimensional sharding expansion solution makes it possible for sharding parallelization to excel in not only computation, but also transmission and storage. With such brilliant linear expansion capability, it has great potential to become the backbone of large-scale commercial applications,” said Dr. Shawn Ying, CTO and Co-Founder of MultiVAC.

Before publishing lab data, MultiVAC had already released its white paper and all-dimensional sharding solution yellow paper. A strong team is the key to MultiVAC’s success in developing this technologically demanding public blockchain project. MultiVAC has an all-star team consisting of six Ph.D. Experts, 18 Researchers and Engineers, who are from the R&D team of leading tech companies such as Google, Facebook and Microsoft. Also, MultiVAC’s three Co-Founders have extensive experience as well as excellent business, academic and technical backgrounds.

MultiVAC’s CEO, Frank, said, “Technology changes the world, and innovation determines the future. Blockchain technology is sweeping the globe with its uniqueness, and its development continues to amaze everyone. As a booming public blockchain developer, MultiVAC has attracted increasing interests from blockchain enthusiasts. We believe that MultiVAC can unlock the full potential of blockchain by striving for new developments, and thus, create a trustworthy, fair and harmonious society.”

About MultiVAC:

MultiVAC is the world’s first fast, efficient, and all-dimensional sharded blockchain designed for total scalability, performing sharding parallelization not only for computation but also transmission and storage. MultiVAC pioneers flexibility for DApps to trade off freely on the impossible CAP triangle between decentralization, performance and security, supporting large-scale decentralized commercial applications for complex and diverse business requirements.

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Kaleido Launches Blockchain Marketplace with Plug-and-Play Services and Solution Partnership Program

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Ripple

Blockchain platform Kaleido, a ConsenSys company, in collaboration with Amazon Web Services, is helping enterprises break through the proof-of-concept stage to live production blockchain networks with the announcement of its next major step forward. The newly launched Kaleido Marketplace extends its Blockchain Business Cloud to become the first full-stack enterprise platform available today. The new marketplace includes trusted tools and services from Kaleido, AWS, and members of the new partnership program, all offered as plug-and-play.

Early adopters of the Kaleido Marketplace have said that it eliminates 80 percent of the custom code required to build their blockchain project. Clients now have access to native AWS integrations, popular services such as HD wallets for privacy and ID registries for organizational identity, as well as industry products such as Chainlink for smart contract oracles, Viant for supply chain management, OpenLaw and Clause.io for real-time legal contracts, and many others—all at the click of a button.

With the business value-add of blockchain technology expected to exceed $3.1 trillion by 2030 (Gartner), it’s easy to see why blockchain is one of the most talked about technologies in business today. In fact, 84 percent of executives said their companies were “actively involved” with blockchain when surveyed by PwC in August 2018. However, to date, most companies have struggled to build complete, production-ready blockchain solutions, compounded by a shortage of blockchain skills and talent across the industry.

Since its launch in May, Kaleido has helped organizations create over 1,000 blockchain networks with its Blockchain Business Cloud. Now, Kaleido is going even further, offering the first full stack of blockchain capabilities needed to build a complete solution, get to live production state and keep the solution up and running.

“We’ve seen successful patterns of deployment as enterprise networks go into production and we’ve baked these best practices into the Kaleido Marketplace services, to help radically simplify the adoption of blockchain and eliminate some of the specialized blockchain expertise needed,” said Kaleido Founder and COO, Sophia Lopez.

“The reality is only about 10 percent of an enterprise blockchain project is the blockchain itself. There are many other application, data and infrastructure components required to go into production,” said Kaleido Founder and CEO, Steve Cerveny. “I’m very excited that we have a whole cloud of blockchain technologies pre-integrated for our clients to use. The Kaleido Marketplace is a one stop shop for all things enterprise blockchain.”

One Kaleido client is Komgo, a cutting edge commodity trade and finance network comprised of global institutions like Citi, ING, Koch Supply & Trading, MUFG Bank, Societe Generale, Credit Agricole Group, BNP Paribas, Shell and others.

“By building on an open blockchain system, Komgo can select from the best protocols in development across the ecosystem and use existing building blocks for an optimized solution,” said Souleïma Baddi, Chief Executive Officer of Komgo. “Now with the proof of concepts and pilots behind us, Kaleido will help us deliver production ready products for a large number of participants at a very fast pace.”

Kaleido is also launching its Partnership Program in tandem with the marketplace, providing significant opportunities for third-party providers to join the ecosystem by promoting their offerings in the Kaleido Marketplace, embedding Kaleido in their own blockchain solutions, or accelerating client engagements by using Kaleido in their consultations.

“Having our legal smart contract solution promoted in the Kaleido Marketplace creates an instant channel to bring our technology to a global audience and immediate access for new clients,” said OpenLaw Co-founder Aaron Wright.

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