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Korona: Hungary’s Very Own Cryptocurrency

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Europe’s newest digital currency, the Korona, which runs on the Lightning Network and is being touted as more stable, safer, and cheaper to use than its competitors, was launched in Budapest, Hungary on February 15th. Korona’s ICO is scheduled for March 26th, and the token will be immediately available for payments and transfers. 

According to a recent study by the University of Cambridge Judge Business School, customers are increasingly adopting new forms of payments for cost efficiency reasons. 86% of the payment companies surveyed utilized the Bitcoin network as the main payment source for cross-border transactions. However, it has problems in terms of transaction times, scalability, and the flexibility to build smart contracts on its system.

“Banking as we know it today will eventually evolve into different platforms. We started this project because we saw the opportunity to take cryptocurrency technology into the future,” Jean-Marc Stiegemeier, Korona’s CEO, said during the launch.

Despite being developed primarily by Hungarians, the headquarters of the Korona are in Zug, Switzerland — with plans for the token to be used throughout Europe, and beyond (as per Korona’s whitepaper). According to the team, the token was not incorporated in Hungary because they see Zug as the “crypto-valley” of Europe: Providing a more efficient and stable environment, two things both customers and shareholders are looking for.

“Over the next few years we are going to see a revolution in the banking sector,” Stiegemeier, said. “Within ten years cryptocurrency will be used and accepted worldwide.”

Part of the business model for the Korona is a purpose-built bank and payment platform that will operate under the supervision of Swiss financial authorities. According to the developers, 90% of current cryptocurrencies are “pseudo-currencies,” and not suitable for actual, real-world transactions: “Bitcoin is slow and too expensive for businesses. It costs 20 US dollars for each transaction and it is not efficient for retailers,” Korona’s blockchain advisor and professor at the Corvinus Business School Dr. Tuan Trinh explained.

How does it work?

According to head of technology development Attila Bustya, an e-commerce website will be launched, hosting those websites which normally do not accept cryptocurrency payments. Also, a new integrated Price Comparison System will be created so that users can choose their products for the best and cheapest price globally. “For a top-notch phone we pay more in Europe than in the US, it is not fair,” Bustya said, outlining the value of this new price comparison tool.

“Business clients today find it hard to use cryptocurrency because of high taxation and missing information. We are developing business wallets which will allow businesses to register and receive various services to support their compliance: Support for VAT reporting, invoicing, accounting, and such” he continued.

Recently, China, Canada, and Russia have taken a look at blockchain technology and its national-use potential. And the European Union, although wary of cryptocurrencies, is certainly a supporter of blockchain-based technologies. Earlier this month it created the EU Blockchain Observatory and has also vastly increased funding for related technologies.

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Blockchain

Outcompeting Destructive Systems: Odyssey Drives Conversation at Blockchain Central Davos

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Blockchain

Odyssey, the Netherlands-based open innovation program committed to solving complex 21st-century challenges through mass collaboration, will lead the conversation on outcompeting the destructive economic systems at Blockchain Central Davos. The conversation will be hosted by the Global Blockchain Business Council, in Blockchain Central, the premier venue for all things blockchain in Davos.

We live in a world where it still pays financially to be part of a destructive system, so we need to outcompete this model. How do we do it? In Davos, we will be exploring the creation of a new system which would be better for people and nature, and at the same time actually generate more economic value for everyone,” commented Rutger van Zuidam, Founder and CEO of Odyssey.

The conversation will focus on new alternatives to current economic paradigms which prevent society from solving the challenges it currently faces, such as climate change and lack of economic inclusion. Attention will be paid to how technology such as blockchain and Artificial Intelligence can facilitate moving towards better economic conditions for future generations and environmental sustainability.

The panelists:

  • Sanjay Poonen, Chief Operating Officer, Customer Operations, VMware
  • Yuval Rooz, Co-Founder & CEO, Digital Asset
  • Kavita Gupta, Lecturer, Stanford University; Managing Partner, Katapult. AI
  • Rod Beckstrom, Former President & CEO, ICANN; Founder & CEO, BECKSTROM
  • Rutger van Zuidam, Founder & CEO, Odyssey.org

Sanjay Poonen, COO VMware: “We aim to leave ahead a better future – to put back more than we take into the environment, society, and our global economy. It is important that we engineer new systems that provide better economic outcomes and are better for people and the planet. The Odyssey 2020 Track ‘Outcompeting Destructive Systems,’ that VMware is participating in with Digital Asset and DAML, will explore this challenge.”

“The conversation at Davos this week has centered around the need for open, collaborative ecosystems to truly affect change. Odyssey recognizes this, that to outcompete destructive systems we need the right incentives applied to the right technology. Smart contracts enable these collaborative processes to connect stakeholders across industries in ways which weren’t possible before. DAML and VMware Blockchain allow for the type of open collaboration needed to allow anyone to innovate for all of our benefit,” said Yuval Rooz, Co-Founder & CEO, Digital Asset.

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Monerium and Algorand enter partnership to issue e-money on the Algorand protocol

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CFD Trading

Monerium, the world’s first authorized provider of licensed e-money for blockchains, and Algorand Inc. (https://www.algorand.com/), the world’s first open source, permissionless, pure proof-of-stake blockchain protocol, announce a non-exclusive partnership to support the Algorand protocol in 2020 with Monerium’s fully programmable and redeemable e-money.

Mainstream adoption of blockchains requires a reliable form of digital cash on-chain. Since receiving its e-money license in June 2019, Monerium has announced several B2B use cases for e-money, including a cross-border transaction in euros. Monerium now supports e-money across the EU, Iceland, Norway and Liechtenstein in US Dollars, Euros, British Pounds, and Icelandic krona.

Algorand recently benefited from a significant upgrade, Algorand 2.0, which includes a number of features that enable sophisticated exchanges such as account quarantine, whitelist models, flexible asset reserve models and more.

“We look forward to supporting the Algorand protocol. Algorand incorporates key features for many mainstream use-cases, including stateless smart contracts and scaleable proof-of-stake consensus. The Algorand leadership has taken a pragmatic and deliberate approach in designing a blockchain for mainstream applications while staying close to the ethos of the open source community” states Sveinn Valfells, co-founder and CEO of Monerium. “Supporting new blockchains with mainstream relevance is a priority for Monerium.”

“Monerium and Algorand have a shared vision for real-world use cases that are enabled by advanced blockchain technology,” said W. Sean Ford, COO of Algorand, Inc. “We are thrilled that Monerium will be bringing their solution for e-money to Algorand and we look forward to our community’s ability to leverage the technology for straightforward regulatory compliance.”

About Algorand
Algorand Inc. built the world’s first open source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. This blockchain, the Algorand protocol, is the brainchild of Turing Award-winning cryptographer Silvio Micali. A technology company dedicated to removing friction from financial exchange, Algorand Inc. is powering the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain and providing responsible privacy models. For more information, visit www.algorand.com.

About Monerium
Monerium is a financial technology company with the mission of making digital currency accessible, secure, and simple to transact online. Monerium is the first and only company authorized to issue regulated e-money on blockchains. Using e-money issued by Monerium, individuals and businesses can store and send programmable digital currency online without going through traditional financial institutions and payment providers. More information can be found at monerium.com.

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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”.

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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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