TMF: IBM Bets on Bitcoin Ledger / Berkshire Hathaway

Bitcoin Discussion • IBM Bets on Bitcoin Ledger

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IBM Bets on Bitcoin Ledger /forum.bitcoin.com

IBM Bets on Bitcoin Ledger /forum.bitcoin.com submitted by BitcoinAllBot to BitcoinAll [link] [comments]

IBM bets on bitcoin ledger--experts have always seen the blockchain on which bitcoin is built as the really valuable innovation to emerge..."

IBM bets on bitcoin ledger--experts have always seen the blockchain on which bitcoin is built as the really valuable innovation to emerge... submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Coinbase Ramps Up $10 Billion Bet on Bitcoin and Crypto, As Ledger, IBM and Fidelity Court Institutional Investors - The Daily Hodl

Coinbase Ramps Up $10 Billion Bet on Bitcoin and Crypto, As Ledger, IBM and Fidelity Court Institutional Investors - The Daily Hodl submitted by ulros to fbitcoin [link] [comments]

Notable Black People in the Bitcoin Community

Notable Black People in the Bitcoin Community
We are now in an era where most people on the street have heard of Bitcoin and understand the very basics of what a cryptocurrency is. However, when many people think about users of Bitcoin, there’s a stereotypical person who comes to mind. As the Black Lives Matter movement begins to take hold and sweep the nation demanding change, many people of color are quick to discount Bitcoin, but the reality is, there are many notable black Americans who abundantly use and support the currency as well as advocate that Bitcoin is for everyone.
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Bitcoin is for Everyone

When discussing Bitcoin in general, many people believe it’s only for those anti-government libertarians who want to engage in illegal activities, but there’s simply no truth in that statement. Bitcoin is simply a money transfer system backed by a public ledger and quantifiable technology. Have you ever used a pre-paid card? A payday loan? Or a currency exchange booth? Chances are, you have, and if so—well Bitcoin has the potential to offer a cheaper version of all of these currency services if used to its full potential. Shawn Wilkinson, the founder of Storj (a cloud storage service) advocates its massive potential especially in online microloans. He thinks that cryptocurrency as a whole has a lot of power to change the way even the most impoverished communities use money, regardless of race.

Edwardo Jackson

Edwardo Jackson is perhaps one of the most notable black Bitcoin enthusiasts out there. In fact, he is so passionate about the currency, he currently runs a blog called Blacks in Bitcoin. Jackson is a Las Vegas resident and professional poker player, but found his love of Bitcoin while he was a writer for Upworthy in 2013. Jackson believes Bitcoin is still in the early adoption phase and thinks that now is most definitely the time for anyone who is thinking of getting into it to buy in. Currently, Jackson has developed his own blockchain based technology known as CD3D which is a decentralized app-based token which you can use in a game where instead of betting on sports, or the outcomes of elections, you vote on actors and actresses and win money based on their box office performance. This game is still under development and you can check the CinemaDraft websites for updates on when it may be opened for play. Jackson prides himself in his Bitcoin knowledge and wishes to educate everyone about it, so much so, he even hands out his personal phone number to anyone who asks so they can call him if they have questions.

Richard Sherman

You read that right, Richard Sherman, NFC Championship playing defensive back, is a Bitcoin fanatic! Sherman was born in Compton; California and it became clear early on he was destined to be a sports player. He achieved many high school records not only in football, but also as part of his school’s track team. Sherman received a scholarship to attend Stanford university where he played on their team from 2006-2010. In 2011, Sherman was signed by the Seattle Seahawks and played with the team for many years until 2018 when he signed a 39-million-dollar contract with the 49ers. He is very public about his love of cryptocurrency and his many investments in the technology field, so much so, he even takes Bitcoin for payment in his online store for all of his Seahawks and 49ers merchandise.

Reggie Middleton

Reggie Middleton is an American entrepreneur and CEO of Vertiseum. Middleton’s claim to fame began in the early 2000’s as a financial writer for the Huffington Post. In 2011, he left his job there to start his own company and blog, Boom Bust Blog. He was an early adopter of Bitcoin, citing that its ability to be quickly, and largely, transferred making it one of the best methods of currency currently on the market. He also advocates how safe and cheap it is to transfer Bitcoin as opposed to using cash or the banking system, which has many caveats and difficulties as well as rising costs. Just think, to make a transfer from one bank to the other you either need to withdraw cash and physical drive it from one bank to another to avoid massive fees. If fees don’t scare you, you can wire the money, but this still takes gas, time, and often times there are limits on the amount you can transfer. Bitcoin solves all of these problems. Middleton loves crypto currencies so much, he founded Vertiseum, an Ultracoin technology. Although the legalities of his ICO are currently under scrutiny, Middleton still stands behind his advocacy of cryptocurrencies and posts many YouTube videos educating the public on the many uses of them in everyday life.
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Black Influencers to Follow

Want to learn more about Bitcoin before you dive right in? Understandable! There are many influencers of color who know a lot about the cryptocurrency world! Check out Dr. Boyce Watkins, a financial scholar who offers numerous courses in cryptocurrency for beginners as well as an internet club for investors. He also runs Financial Juneteenth, a cryptocurrency group specifically for black investors and it is currently one of the largest cryptocurrency-based communities on the internet, so make sure you pay it a visit!
Lamar Wilson is another notable influencer, widely known for building his own blockchain company Hijro, as well as a cryptocurrency wallet, back before it was even cool! He contributes abundantly to the Financial Juneteenth group listed above, as well as teaches a class about investing in cryptocurrencies on the Black Business School site.
Also follow Ian Balina, a man famous for his unique approach to ICO’s thanks to his analytics background and former employment at IBM. He currently leads a global cryptocurrency investor syndicate, and posts content on YouTube, Twitter, and Instagram. Balina’s content is so revolutionary that he has been featured in numerous articles in many different magazines, most notably Forbes and Huffington Post.
If after following all of these people you are still a little lost when it comes to cryptocurrency, don’t worry! It’s a confusing field at first. Just remember that cryptocurrency is for everyone and it make take time to learn about the ins and outs of the high-level technology. There are many websites which offer free guides you can take advantage of to help you find your way. So, subscribe to a few of them, investigate your questions, and you’ll be a cryptocurrency pro in no time!
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The Network of Networks, Scalable Interoperability to Unleash the True Potential of Blockchain

The Network of Networks, Scalable Interoperability to Unleash the True Potential of Blockchain
There is not going to be one blockchain to rule them all, each have their own advantages and disadvantages. Interoperability is key to unlocking the true potential of blockchain, where it will have a profound effect across all industries, creating a secure, trusted and hyper-connected world.
The rise of The Networks of Networks, interconnecting all DLT Networks, existing off-chain networks and even the Internet itself. Where true, scalable interoperability can be achieved without requiring connected chains to fork their code and imposing limitations, without the overhead, bottleneck and single point of failure of adding another blockchain in the middle. Where it will be quick, easy and free to participate.
It’s time to stop the childish tribalism that’s plagued this space for so long and realise the bigger picture. Tribes fighting amongst themselves over a tiny insignificant island where there is a whole world out there to conquer if they work together. A rising tide lifts all boats and with the birth of The Network of Networks all connected projects can benefit from the efforts of each other, to usher in Mass adoption of Blockchain.
https://preview.redd.it/wlwj7pmmyoi41.png?width=683&format=png&auto=webp&s=34918b25c8ef6303fc5579666352e8c8c52c4835
In this article I will discuss the foundations that are being laid in preparation for the release of Overledger Network, The Network of Networks to make all of this possible and to unleash the true potential of blockchain with a secure, hyper-connected decentralised ecosystem. Table of Contents:
  1. Overledger SDK Update
  2. Standards
  3. Security
  4. Regulation
  5. Overledger Network
  6. The Five Ingredients of Interoperability
  7. Connecting Blockchain and Non-DLT Applications / Networks to Overledger
  8. Connecting the Internet directly to blockchain
  9. Join your favourite Blockchain project to the Overledger Network Ecosystem

Overledger SDK Update

Quant have just released their Overledger SDK update which has enabled standardisation of objects to abstract and simplify how to interact with different types of blockchains (UXTO and Account-based) in a common model. As well as the ability to directly deploy, invoke and query smart contracts directly through Overledger. I strongly recommend reading the teams Overledger SDK Update which explains it in more detail and includes example use cases of how Overledger is being used and the benefits it brings. Dr Luke Riley also did a fantastic job providing an in-depth demo of the Overledger SDK Update via Video as well.
https://youtu.be/PbpaZpe4mTQ

“This update sets the foundations to build the ecosystem for Overleger Network, allowing stakeholders other than Quant to write any type (DLT and non-DLT) Overledger connectors and sets up the ecosystem with multiple entry points for Overledger Gateways. These updates open up the integration capabilities of Overledger to 3rd parties and create the foundations for the Overledger Network”

Standards

“Trusted standards mean that industry doesn’t need to reinvent the wheel, that innovations will be compatible and work with existing technology, and that products and services will be trusted too. Governments use standards as trusted solutions to complement regulation, and they give peace of mind to consumers who know they are not putting themselves or their families at risk.” — Acting ISO Secretary-General Kevin McKinley
The foundations need to align with internationally recognised standards as they play a crucial role in ensuring interoperability with new and existing technology and validates a product meets the best practices / regulation required to ensure Enterprises remains in compliance. CEO of Quant, Gilbert Verdian, founded the ISO TC 307 standard covering blockchain as a whole, which 56 countries are working towards today.
Countries involved with ISO TC 307 — https://www.iso.org/committee/6266604.html?view=participation
Gilbert Verdian is the chairman for the ISO TC 307 working group for interoperability of blockchain and distributed ledger technology systems as well as being chairman for Blockchain and Distributed Ledger Technology for BSI (British Standards Institution) which represent the UK and includes companies such as Quant, IBM, Microsoft, HSBC, BAE Systems, Huawei as well as a number of UK Government bodies such as BEIS — Department for Business, Energy & Industrial Strategy, Defence Science and Technology and the National Cyber Security Centre.
The standardisation updates to the Overledger SDK aligns with the work in ISO TC 307 and academic work from Dr Paolo Tasca and Dr Claudio Tessone to provide users with a clear distributed ledger data standard. This will enable everyone to easily create connectors in a standard way, facilitating interoperability with all of the connected blockchains / non-DLT networks that are already connected to Overledger through Overledger Gateways.

Security

Cybersecurity is in Quant’s DNA. The team have a rich heritage of working for Governments, banks and industry for over 20 years protecting organisations and people from security threats. Before Quant, Gilbert Verdian was the Chief Information Security Officer for Vocalink (Mastercard) where he was in charge of security for the entire payments infrastructure in the UK (£6 Trillion per year).
Gilbert has led a team determined to take security to another level, protecting a critical part of the UK’s infrastructure, protecting UK citizens and businesses from fraud and risk and, by extension, allowing them to live as they want to. Under Gilbert’s guidance, Vocalink security is not merely best-in-class, but setting a new standard. — https://connect.vocalink.com/2017/july/a-winning-streak/
In addition to Quant being selected as a Guarantor for Pay.UK, Gilbert has also been appointed to the Cybersecurity Advisory Board (Pay.UK is the UK’s leading retail payments authority and runs the UK’s retail payments operations, which includes Bacs, Faster Payments and Cheques.)
The pillars of security are Confidentiality, Integrity and Availability. As such, they have used their experience in running payment and financial infrastructure and critical national infrastructure for nations and embedded these principles into every aspect of Overledger.

Regulation

Regulation is playing an ever increasing role for blockchain. Standards and Security naturally complement and help define regulation. The verticals Quant are involved in with regards to regulation span the globe. Gilbert helped shape the conversation about consumer data protection rights during his time as CISO of NSW Health, and is continuing to serve as a cornerstone for policy within the adoption of blockchain in public infrastructure. Quant serves as a founding member of INATBA (The International Association of Trusted Blockchain Applications), which is the formal governing body of the European Blockchain Partnership, all of which is overseen in Brussels by the EU. More locally, Gilbert and team are in consistent contact with the House of Lords within the UK, and advises the FCA in matters regarding cryptoassets.
https://preview.redd.it/9eynt6jpyoi41.png?width=735&format=png&auto=webp&s=c6073e7717ece1c8b878e02e34c9e359e3282fd7
As recently seen in the SDK update, Overledger can serve as a key component of automatic compliance of governance bodies’ financial regulation, shown here by an Overledger instance reporting to the BoE’s Prudential Regulation Authority. Project BARAC, stewarded by University College London, is a project examining the impact Automatic Regulation as administered by Blockchain can have on the Federal Government. Most notably, the FCA and R3, the developers of Corda, are involved here. Gilbert’s recent engagements with the Federal Reserve Bank of Boston also seem to revolve around this very topic, with the Boston Fed pilot-testing a Supervisor Node for automatic regulatory compliance. While at P2PFISY 2019, it was noted by Gilbert that Raphael Auer’s “Regulation Automata” aligns very well with the vision of Overledger, with Paolo Tasca, former CSO of Quant, more recently co-hosting a recent blockchain panel with him. Raphael’s ideas will most likely be taken into consideration by the BIS, as they recently announced a trial of a 6 central banks collaboration centered around exploring CBDC, and are in the early stages of installing Innovation Hubs in Hong Kong, Switzerland, and Singapore.
Gilbert Verdian with Guy Dietrich (Managing Director at Rockefeller Capital who is also on the Board at Quant) attending a meeting with the Financial Conduct Authority

Overledger Network

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The Overledger Network is a network of networks, which allows enterprise and communities stakeholders to access and participate in a growing hyper-connected decentralised ecosystem. Enterprises, banks, central banks, trading venues, etc will be able to host their own secure dedicated gateways, enabling secure connectivity to permissioned networks, permissionless networks, ecosystems, consortia and other distributed technologies. Community members will also be able to run an Overledger gateway to further enhance the scalability, decentralisation and optimise network latency, providing enterprises, developers and users choice to use the closest gateway when accessing permissionless blockchains. The Overledger gateways will create a scalable p2p network that shares the transaction and volume between participants and chooses the closest or largest node to transact with.
As per the example use case in the recent update a Bank can run an Overledger Gateway to provide access to the various consortiums hosted on a variety of blockchains including Corda, Hyperledger Fabric and JP Morgan’s Quorum as well as access to the legacy / non-DLT platforms. Should they want to utilise a public blockchain as well in a hybrid scenario then they also have the option of using a Overledger Gateway hosted by a community member.
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The Overledger Gateways contain several layers which we will explore some of their features below:

Overledger Operating System

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Overledger allows connection to any blockchain / DAG as well as easily integrating with existing non-DLT environments. It does this without adding the overhead of yet another blockchain / consensus in the middle, ensuring that it’s scalable and doesn’t contain a single point of failure. Nor does it require the connected blockchains to fork their code to integrate and place restrictions on what can be implemented going forward. All of this is done in a secure, trustless manner where transactions are signed and encrypted client side so the contents can’t be viewed / modified as they pass through Overledger. It currently connects all of the leading permissioned and permissionless blockchains used by enterprises today. This article explains the differences between other interoperability solutions and the benefits of Quant’s approach

The Five Ingredients of Interoperability:

Recently there was an interoperability webinar with Fintech connect with speakers such as R3’s CTO Richard Gendal Brown, along with representatives from the Bank of England, Deutsche Boerse, Nasdaq, ArchaxEx and SwissRe. Richard Gendal Brown from R3 wrote about the Five key Ingredients of Interoperability:
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  1. INTEGRATE with existing business systems — Businesses aren’t going to replace their existing applications for new blockchain ones, they need to integrate with their existing systems.
  2. INITIATE Payments on existing rails or blockchain rails — Needs to be able to make a payment / settlement using a wide variety of existing payment rails (off chain) as well as blockchain rails, ensuring delivery vs payment can be achieved with certainty that they have happened.
  3. INTERCHAIN applications and smart contracts that can be deployed / executed across protocols — Enabling a solution built on Corda such as Marco Polo to easily connect to a solution on another platform such as Vakt on Ethereum or CargoSmart on Hyperledger Fabric etc
  4. INTRACHAIN applications that benefit from value add of same underlying protocol — What happens when networks such as Marco Polo and Contour both running on Corda want to interoperate and the additional value and benefit that can be achieved.
  5. INTERCHANGE applications to switch platforms — What happens if you want to interchange one platform for another. Can you achieve that holy grail of interoperability by being able to be completely agnostic to the underlying platform?
Overledger meets all of these key ingredients in performing interoperability. Overledger enables existing business systems to benefit from blockchain connectivity by adding as little as 3 lines of code to their existing applications. No need to completely rewrite / replace their existing systems and all done in the most common programming languages such as Java and JavaScript.
https://preview.redd.it/7jqjt9v8zoi41.png?width=1127&format=png&auto=webp&s=6f40c1ae463d76c6c6b46a9e716e544e06ef3cd4
At QuantX in December they announced Overledger Interchange which enables settlement on a variety of existing non-dlt payment rails such as Faster Payments, BACS, CHAPS, SEPA, SWIFT as well as on DLT payment rails such as with Central Bank Digital Currencies, Stablecoins and XRP. It also facilitates Cross Chain Atomic Swaps using Hash Time Locked Contracts ensuring Delivery vs Payment is achieved. Interchange is at the centre of the discussions Quant has had with traditional exchanges in capital markets and central banks and is a technology financial services have been missing and was built it address client needs.
Overledger enables interoperability within the same ecosystem such as Corda DAPP to another Corda DAPP etc as well as interoperability between any of the connected permissionless and permissioned blockchains.
Quants blockchain agnostic Operating System enables users to benefit from using the best features from different chains in combination and migrate between them, preventing Vendor or Tech Lock in without having to completely rewrite existing applications, achieving the holy grail of interoperability. It enables developers to quickly test a variety of connected blockchains in a sandbox environment to see which is best suited for their requirements, starting with just 3 lines of code.

Transactions Services Layer

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The Transaction Services layer handles more complex features of Overledger. Allowing for applications to request services such as cross-chain atomic swaps, treaty contracts (Multi Chain Smart Contracts as well as enabling smart contract functionality even on blockchains that don’t support smart contracts natively such as Bitcoin) and transaction brokering (using heuristic analysis to determine which method is the fastest / cheapest out of the various payment rails)

Financial Services Layer

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Financial services features can be called upon by participants and applications to use crosschain and cross-platform. Financial Services specific use cases can use the features in Overledger to operate across networks. This layer provides enhanced privacy and security to regulated entities and institutions who require additional controls to maintain compliance to regulation and security policy. The features of Zero-knowledge Proof and privacy can be mandated for all transactions.

Channels Layer

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Channels provide interoperability of services related to digital assets, payments and tokenisation. The Overledger Network allows for participants to transfer interoperate enterprise and institutional issued tokens and assets. Connect to many existing payment rails such as SWIFT, SEPA, Faster Payments etc.
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Connecting Blockchain and Non-DLT Applications / Networks to Overledger

The connectors to Overledger which grant access to Overledger Network will be open source and soon be made available, allowing for anyone to create a connector and benefit from being part of the ecosystem. Currently the permissionless blockchain space is mostly speculation with little adoption, mainly due to issues that need to be resolved such as scalability, privacy and regulation with permissionless blockchains, however there are some extremely large Enterprises, Banks, Governments, even Central Banks getting heavily involved and going into production albeit mostly in the permissioned blockchain space where such issues are not a problem. Just as each Blockchain has its advantages and disadvantages, parts of Enterprise applications are better suited to Permissioned blockchains (such as more sensitive parts) and permissionless blockchains suited for a higher degree of immutability, thus a Hybrid model requiring interoperability between permissioned, permissionless as well as existing non-DLT applications is required arguably for many years ahead. Just as with cloud computing where everything didn’t suddenly just move up into the cloud, well over a decade later since the birth of the likes of Amazon AWS, hybrid is still very prevalent today with only recently the likes of central banks, banks, governments discussing moving more sensitive workloads to public clouds such as Amazon AWS, Microsoft Azure, Oracle Cloud etc.

SIA, Central Banks, Banks, Trading Venues

Quant Network partnered with SIA, a game changer for mass blockchain adoption by Financial Institutions. SIA is the leading financial network provider in Europe that connects over 570 Banks, Central Banks, Trading Venues (stock exchanges etc) to their infrastructure. They provide a dedicated private network / infrastructure for financial institutions. Every European financial institution will either connect via SIA, in partnership with Colt or via SWIFT (and in many cases they will have connectivity with both) in order to access the Eurosystem Single Market Infrastructure Gateway, granting access to all RTGS, Securities and Instant Payment transactions for Europe.
SIA have integrated Overledger into their private infrastructure covering Europe consisting of 570 supernodes called SIAChain which enables each bank, central Bank, trading venue etc to utilise Overledger for interoperability. Some of the largest deployments of blockchain are happening on SIAChain such as the Spunta project where the entire Italian Banking Sector will be using blockchain and due to go live next month. As well as the “Fideiussioni Digitali” initiative (Digital Sureties) to digitize the management of sureties using blockchain technology with the Central Bank of Italy involved.
Central Bank Digital Currencies are going to play a hugely significant role in the future and there is one central Bank currently testing Overledger and Quant are in discussions with 4 others.
Connecting your blockchain / legacy network to Overledger enables the possibility that it could be used by any of these connected Banks, Central Banks, Trading venues etc in their private network (obviously due to the amount of regulation and critical financial infrastructure the options are going to be limited on what they want to connect).
https://preview.redd.it/ob1vzu7dzoi41.png?width=1336&format=png&auto=webp&s=af9fc79d4749005e60666e3f21cee1a10e9b2275

Oracle

Quant are a Fintech Partner with Oracle, the 2nd largest software company in the world and Oracle are taking Quant’s tech to their clients directly. They have 480,000 clients globally and towards the end of last year Oracle invited Quant to attend Sibos (SWIFT) where they met existing financial services and banking clients and introduced to new ones. By connecting to Overledger this also enables your solution to potentially be used by those 480,000 of Oracle’s global clients.
https://preview.redd.it/rgo9n1ydzoi41.png?width=1220&format=png&auto=webp&s=2521b5968cfb2d8533da0963d3f838b9f518faa5

SIMBA Chain

SIMBA Chain is a cloud-based, smart-contract-as-a-service (SCaaS) platform, enabling users across a variety of skill sets to implement dapps (decentralized applications). The easy-to-use platform is tailored for users, developers, government, and enterprises to quickly deploy blockchain dapps for their enterprise. SIMBA Chain are developing on Quant’s Overledger Blockchain OS to allow them to deploy DAPPs across multiple connected blockchains.
SIMBA Chain have recently been awared a $9.5 million contract with the US Navy, they are also working with the US Air Force. They have a thriving ecosystem with over 1100 Organizations and 650+ Applications developed. Partners include Microsoft, Government Blockchain Association, Air Force Research Laboratory, Caterpillar, SAP and EY. Recently they also integrated Unity 3D plugin for Gaming to enable owning, storing, and managing all personal gaming assets across a variety of blockchains.
These are just a few of the companies that Quant have partnered with directly, but the ecosystem for Overledger Network is the Network of Networks. Every connected blockchain (Bitcoin, Ethereum, Ripple (XRPL), EOS, Stellar, IOTA, DAG, R3’s Corda, Hyperledger Fabric, JP Morgan’s Quorum and other Permissioned Variants of Ethereum) and their associated partners / applications built on them have the ability to connect and interoperate with the other blockchains connected as well as non-DLT networks such as existing payment rails like SWIFT, Faster Payments, SEPA etc. This Network of Network’s effects will grow exponentially as more and more join the ecosystem.
https://preview.redd.it/fd1m5uvezoi41.png?width=590&format=png&auto=webp&s=99c5b1893d851ba1effe7b5e73480c27f3f7973e

Connecting the Internet directly to blockchain

Quant Network are also developing the ability to allow developers to build MAPPs that integrate directly with the internet as well as blockchain data. They will enable this via creating a new IP address for blockchains which they are calling Quant IP which will enable traffic to be routed from an IP connection from the Internet through Overledger to the connected blockchains.
Another Quant product called Seeq is a distributed search engine that is able to search and retrieve data from multiple blockchains and display them via html directly from the blockchain. More details will be released about Seeq later this year.
Connecting the Internet directly to blockchain will allow websites to be natively created and served directly from blockchains, without the need to have, run and maintain web servers, web services, SSL certificates etc and all running in a completely trusted, extremely resilient / tamperproof environment. The implications of this are enormous and more details will be released by the team later on this exciting prospect. By connecting your blockchain to Overledger you will also be able to benefit from this.

Join your favourite Blockchain project to the Overledger Network Ecosystem

Instead of the current mentality of having the main focus for many projects of listing on exchanges for vast sums of money, why not spend a little time (connectors can be created in as little as a week of development and don’t necessarily even need to be created by the team themselves) and make your blockchain / non-DLT application available to be used by all existing enterprises / members. Not only that but if you also run an Overledger Gateway connecting your blockchain node you also benefit from the transaction fees of the traffic going to it. The connectors are open source and completely free to connect and now with the standardisation of Objects in the recent SDK update the foundations are in place for the launch of Overledger Network with an ETA of Q2 2020. If you would like your favourite blockchain project to interoperate and be part of the ecosystem to further adoption then make the relevant people aware and keep an eye out for further details released in the future.

https://medium.com/@CryptoSeq/the-network-of-networks-scalable-interoperability-to-unleash-the-true-potential-of-blockchain-c54e7d373d2d

Thanks to community member Ghost of St. Miklos for contributing the section about regulation as well as Sonic for proofreading.
You can find more about Overledger Network as well as the token utility — here and community member David W. wrote an excellent article “A deeper look into the Quant Network Utility Token (QNT) valuation dynamics and fundamentals”
What is a blockchain operating system and what are the benefits? Introducing Overledger from Quant Network.
Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading
Large Enterprise Adoption of Blockchain is happening, enabled by Quant Network’s Overledger
As well as an 8 Part Series taking an indepth look at Overledger starting with Part 1
submitted by xSeq22x to QuantNetwork [link] [comments]

The Network of Networks, Scalable Interoperability to Unleash the True Potential of Blockchain

The Network of Networks, Scalable Interoperability to Unleash the True Potential of Blockchain
There is not going to be one blockchain to rule them all, each have their own advantages and disadvantages. Interoperability is key to unlocking the true potential of blockchain, where it will have a profound effect across all industries, creating a secure, trusted and hyper-connected world.
The rise of The Networks of Networks, interconnecting all DLT Networks, existing off-chain networks and even the Internet itself. Where true, scalable interoperability can be achieved without requiring connected chains to fork their code and imposing limitations, without the overhead, bottleneck and single point of failure of adding another blockchain in the middle. Where it will be quick, easy and free to participate.
It’s time to stop the childish tribalism that’s plagued this space for so long and realise the bigger picture. Tribes fighting amongst themselves over a tiny insignificant island where there is a whole world out there to conquer if they work together. A rising tide lifts all boats and with the birth of The Network of Networks all connected projects can benefit from the efforts of each other, to usher in Mass adoption of Blockchain.
https://preview.redd.it/m90f8021woi41.png?width=683&format=png&auto=webp&s=2b0feff5cd976d80472cbdc6f9694aaa76ba0b3f
In this article I will discuss the foundations that are being laid in preparation for the release of Overledger Network, The Network of Networks to make all of this possible and to unleash the true potential of blockchain with a secure, hyper-connected decentralised ecosystem. Table of Contents:
  1. Overledger SDK Update
  2. Standards
  3. Security
  4. Regulation
  5. Overledger Network
  6. The Five Ingredients of Interoperability
  7. Connecting Blockchain and Non-DLT Applications / Networks to Overledger
  8. Connecting the Internet directly to blockchain
  9. Join your favourite Blockchain project to the Overledger Network Ecosystem

Overledger SDK Update

Quant have just released their Overledger SDK update which has enabled standardisation of objects to abstract and simplify how to interact with different types of blockchains (UXTO and Account-based) in a common model. As well as the ability to directly deploy, invoke and query smart contracts directly through Overledger. I strongly recommend reading the teams Overledger SDK Update which explains it in more detail and includes example use cases of how Overledger is being used and the benefits it brings. Dr Luke Riley also did a fantastic job providing an in-depth demo of the Overledger SDK Update via Video as well.
https://youtu.be/PbpaZpe4mTQ

“This update sets the foundations to build the ecosystem for Overleger Network, allowing stakeholders other than Quant to write any type (DLT and non-DLT) Overledger connectors and sets up the ecosystem with multiple entry points for Overledger Gateways. These updates open up the integration capabilities of Overledger to 3rd parties and create the foundations for the Overledger Network”

Standards

“Trusted standards mean that industry doesn’t need to reinvent the wheel, that innovations will be compatible and work with existing technology, and that products and services will be trusted too. Governments use standards as trusted solutions to complement regulation, and they give peace of mind to consumers who know they are not putting themselves or their families at risk.” — Acting ISO Secretary-General Kevin McKinley
The foundations need to align with internationally recognised standards as they play a crucial role in ensuring interoperability with new and existing technology and validates a product meets the best practices / regulation required to ensure Enterprises remains in compliance. CEO of Quant, Gilbert Verdian, founded the ISO TC 307 standard covering blockchain as a whole, which 56 countries are working towards today.
Countries involved with ISO TC 307 — https://www.iso.org/committee/6266604.html?view=participation
Gilbert Verdian is the chairman for the ISO TC 307 working group for interoperability of blockchain and distributed ledger technology systems as well as being chairman for Blockchain and Distributed Ledger Technology for BSI (British Standards Institution) which represent the UK and includes companies such as Quant, IBM, Microsoft, HSBC, BAE Systems, Huawei as well as a number of UK Government bodies such as BEIS — Department for Business, Energy & Industrial Strategy, Defence Science and Technology and the National Cyber Security Centre.
The standardisation updates to the Overledger SDK aligns with the work in ISO TC 307 and academic work from Dr Paolo Tasca and Dr Claudio Tessone to provide users with a clear distributed ledger data standard. This will enable everyone to easily create connectors in a standard way, facilitating interoperability with all of the connected blockchains / non-DLT networks that are already connected to Overledger through Overledger Gateways.

Security

Cybersecurity is in Quant’s DNA. The team have a rich heritage of working for Governments, banks and industry for over 20 years protecting organisations and people from security threats. Before Quant, Gilbert Verdian was the Chief Information Security Officer for Vocalink (Mastercard) where he was in charge of security for the entire payments infrastructure in the UK (£6 Trillion per year).
Gilbert has led a team determined to take security to another level, protecting a critical part of the UK’s infrastructure, protecting UK citizens and businesses from fraud and risk and, by extension, allowing them to live as they want to. Under Gilbert’s guidance, Vocalink security is not merely best-in-class, but setting a new standard. — https://connect.vocalink.com/2017/july/a-winning-streak/
In addition to Quant being selected as a Guarantor for Pay.UK, Gilbert has also been appointed to the Cybersecurity Advisory Board (Pay.UK is the UK’s leading retail payments authority and runs the UK’s retail payments operations, which includes Bacs, Faster Payments and Cheques.)
The pillars of security are Confidentiality, Integrity and Availability. As such, they have used their experience in running payment and financial infrastructure and critical national infrastructure for nations and embedded these principles into every aspect of Overledger.

Regulation

Regulation is playing an ever increasing role for blockchain. Standards and Security naturally complement and help define regulation. The verticals Quant are involved in with regards to regulation span the globe. Gilbert helped shape the conversation about consumer data protection rights during his time as CISO of NSW Health, and is continuing to serve as a cornerstone for policy within the adoption of blockchain in public infrastructure. Quant serves as a founding member of INATBA (The International Association of Trusted Blockchain Applications), which is the formal governing body of the European Blockchain Partnership, all of which is overseen in Brussels by the EU. More locally, Gilbert and team are in consistent contact with the House of Lords within the UK, and advises the FCA in matters regarding cryptoassets.
https://preview.redd.it/oqdtejxpwoi41.png?width=735&format=png&auto=webp&s=874278a25adf7ed76f2c0d78a78898bc904e1780
As recently seen in the SDK update, Overledger can serve as a key component of automatic compliance of governance bodies’ financial regulation, shown here by an Overledger instance reporting to the BoE’s Prudential Regulation Authority. Project BARAC, stewarded by University College London, is a project examining the impact Automatic Regulation as administered by Blockchain can have on the Federal Government. Most notably, the FCA and R3, the developers of Corda, are involved here. Gilbert’s recent engagements with the Federal Reserve Bank of Boston also seem to revolve around this very topic, with the Boston Fed pilot-testing a Supervisor Node for automatic regulatory compliance. While at P2PFISY 2019, it was noted by Gilbert that Raphael Auer’s “Regulation Automata” aligns very well with the vision of Overledger, with Paolo Tasca, former CSO of Quant, more recently co-hosting a recent blockchain panel with him. Raphael’s ideas will most likely be taken into consideration by the BIS, as they recently announced a trial of a 6 central banks collaboration centered around exploring CBDC, and are in the early stages of installing Innovation Hubs in Hong Kong, Switzerland, and Singapore.
Gilbert Verdian with Guy Dietrich (Managing Director at Rockefeller Capital who is also on the Board at Quant) attending a meeting with the Financial Conduct Authority

Overledger Network

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The Overledger Network is a network of networks, which allows enterprise and communities stakeholders to access and participate in a growing hyper-connected decentralised ecosystem. Enterprises, banks, central banks, trading venues, etc will be able to host their own secure dedicated gateways, enabling secure connectivity to permissioned networks, permissionless networks, ecosystems, consortia and other distributed technologies. Community members will also be able to run an Overledger gateway to further enhance the scalability, decentralisation and optimise network latency, providing enterprises, developers and users choice to use the closest gateway when accessing permissionless blockchains. The Overledger gateways will create a scalable p2p network that shares the transaction and volume between participants and chooses the closest or largest node to transact with.
As per the example use case in the recent update a Bank can run an Overledger Gateway to provide access to the various consortiums hosted on a variety of blockchains including Corda, Hyperledger Fabric and JP Morgan’s Quorum as well as access to the legacy / non-DLT platforms. Should they want to utilise a public blockchain as well in a hybrid scenario then they also have the option of using a Overledger Gateway hosted by a community member.
https://preview.redd.it/b1bx8wm0xoi41.png?width=1096&format=png&auto=webp&s=e70a9ce6c8c42aa880e0b9d1fe8ab4f3b453867e
https://preview.redd.it/8a8c13k1xoi41.png?width=1252&format=png&auto=webp&s=02cd33a79487a2a74af8a2d0f0831c06d5f62005
The Overledger Gateways contain several layers which we will explore some of their features below:

Overledger Operating System

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Overledger allows connection to any blockchain / DAG as well as easily integrating with existing non-DLT environments. It does this without adding the overhead of yet another blockchain / consensus in the middle, ensuring that it’s scalable and doesn’t contain a single point of failure. Nor does it require the connected blockchains to fork their code to integrate and place restrictions on what can be implemented going forward. All of this is done in a secure, trustless manner where transactions are signed and encrypted client side so the contents can’t be viewed / modified as they pass through Overledger. It currently connects all of the leading permissioned and permissionless blockchains used by enterprises today. This article explains the differences between other interoperability solutions and the benefits of Quant’s approach

The Five Ingredients of Interoperability:

Recently there was an interoperability webinar with Fintech connect with speakers such as R3’s CTO Richard Gendal Brown, along with representatives from the Bank of England, Deutsche Boerse, Nasdaq, ArchaxEx and SwissRe. Richard Gendal Brown from R3 wrote about the Five key Ingredients of Interoperability:
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  1. INTEGRATE with existing business systems — Businesses aren’t going to replace their existing applications for new blockchain ones, they need to integrate with their existing systems.
  2. INITIATE Payments on existing rails or blockchain rails — Needs to be able to make a payment / settlement using a wide variety of existing payment rails (off chain) as well as blockchain rails, ensuring delivery vs payment can be achieved with certainty that they have happened.
  3. INTERCHAIN applications and smart contracts that can be deployed / executed across protocols — Enabling a solution built on Corda such as Marco Polo to easily connect to a solution on another platform such as Vakt on Ethereum or CargoSmart on Hyperledger Fabric etc
  4. INTRACHAIN applications that benefit from value add of same underlying protocol — What happens when networks such as Marco Polo and Contour both running on Corda want to interoperate and the additional value and benefit that can be achieved.
  5. INTERCHANGE applications to switch platforms — What happens if you want to interchange one platform for another. Can you achieve that holy grail of interoperability by being able to be completely agnostic to the underlying platform?
Overledger meets all of these key ingredients in performing interoperability. Overledger enables existing business systems to benefit from blockchain connectivity by adding as little as 3 lines of code to their existing applications. No need to completely rewrite / replace their existing systems and all done in the most common programming languages such as Java and JavaScript.
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At QuantX in December they announced Overledger Interchange which enables settlement on a variety of existing non-dlt payment rails such as Faster Payments, BACS, CHAPS, SEPA, SWIFT as well as on DLT payment rails such as with Central Bank Digital Currencies, Stablecoins and XRP. It also facilitates Cross Chain Atomic Swaps using Hash Time Locked Contracts ensuring Delivery vs Payment is achieved. Interchange is at the centre of the discussions Quant has had with traditional exchanges in capital markets and central banks and is a technology financial services have been missing and was built it address client needs.
Overledger enables interoperability within the same ecosystem such as Corda DAPP to another Corda DAPP etc as well as interoperability between any of the connected permissionless and permissioned blockchains.
Quants blockchain agnostic Operating System enables users to benefit from using the best features from different chains in combination and migrate between them, preventing Vendor or Tech Lock in without having to completely rewrite existing applications, achieving the holy grail of interoperability. It enables developers to quickly test a variety of connected blockchains in a sandbox environment to see which is best suited for their requirements, starting with just 3 lines of code.

Transactions Services Layer

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The Transaction Services layer handles more complex features of Overledger. Allowing for applications to request services such as cross-chain atomic swaps, treaty contracts (Multi Chain Smart Contracts as well as enabling smart contract functionality even on blockchains that don’t support smart contracts natively such as Bitcoin) and transaction brokering (using heuristic analysis to determine which method is the fastest / cheapest out of the various payment rails)

Financial Services Layer

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Financial services features can be called upon by participants and applications to use crosschain and cross-platform. Financial Services specific use cases can use the features in Overledger to operate across networks. This layer provides enhanced privacy and security to regulated entities and institutions who require additional controls to maintain compliance to regulation and security policy. The features of Zero-knowledge Proof and privacy can be mandated for all transactions.

Channels Layer

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Channels provide interoperability of services related to digital assets, payments and tokenisation. The Overledger Network allows for participants to transfer interoperate enterprise and institutional issued tokens and assets. Connect to many existing payment rails such as SWIFT, SEPA, Faster Payments etc.
Overledger Network — Network of Networks

Connecting Blockchain and Non-DLT Applications / Networks to Overledger

The connectors to Overledger which grant access to Overledger Network will be open source and soon be made available, allowing for anyone to create a connector and benefit from being part of the ecosystem. Currently the permissionless blockchain space is mostly speculation with little adoption, mainly due to issues that need to be resolved such as scalability, privacy and regulation with permissionless blockchains, however there are some extremely large Enterprises, Banks, Governments, even Central Banks getting heavily involved and going into production albeit mostly in the permissioned blockchain space where such issues are not a problem. Just as each Blockchain has its advantages and disadvantages, parts of Enterprise applications are better suited to Permissioned blockchains (such as more sensitive parts) and permissionless blockchains suited for a higher degree of immutability, thus a Hybrid model requiring interoperability between permissioned, permissionless as well as existing non-DLT applications is required arguably for many years ahead. Just as with cloud computing where everything didn’t suddenly just move up into the cloud, well over a decade later since the birth of the likes of Amazon AWS, hybrid is still very prevalent today with only recently the likes of central banks, banks, governments discussing moving more sensitive workloads to public clouds such as Amazon AWS, Microsoft Azure, Oracle Cloud etc.

SIA, Central Banks, Banks, Trading Venues

Quant Network partnered with SIA, a game changer for mass blockchain adoption by Financial Institutions. SIA is the leading financial network provider in Europe that connects over 570 Banks, Central Banks, Trading Venues (stock exchanges etc) to their infrastructure. They provide a dedicated private network / infrastructure for financial institutions. Every European financial institution will either connect via SIA, in partnership with Colt or via SWIFT (and in many cases they will have connectivity with both) in order to access the Eurosystem Single Market Infrastructure Gateway, granting access to all RTGS, Securities and Instant Payment transactions for Europe.
SIA have integrated Overledger into their private infrastructure covering Europe consisting of 570 supernodes called SIAChain which enables each bank, central Bank, trading venue etc to utilise Overledger for interoperability. Some of the largest deployments of blockchain are happening on SIAChain such as the Spunta project where the entire Italian Banking Sector will be using blockchain and due to go live next month. As well as the “Fideiussioni Digitali” initiative (Digital Sureties) to digitize the management of sureties using blockchain technology with the Central Bank of Italy involved.
Central Bank Digital Currencies are going to play a hugely significant role in the future and there is one central Bank currently testing Overledger and Quant are in discussions with 4 others.
Connecting your blockchain / legacy network to Overledger enables the possibility that it could be used by any of these connected Banks, Central Banks, Trading venues etc in their private network (obviously due to the amount of regulation and critical financial infrastructure the options are going to be limited on what they want to connect).
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Oracle

Quant are a Fintech Partner with Oracle, the 2nd largest software company in the world and Oracle are taking Quant’s tech to their clients directly. They have 480,000 clients globally and towards the end of last year Oracle invited Quant to attend Sibos (SWIFT) where they met existing financial services and banking clients and introduced to new ones. By connecting to Overledger this also enables your solution to potentially be used by those 480,000 of Oracle’s global clients.

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SIMBA Chain

SIMBA Chain is a cloud-based, smart-contract-as-a-service (SCaaS) platform, enabling users across a variety of skill sets to implement dapps (decentralized applications). The easy-to-use platform is tailored for users, developers, government, and enterprises to quickly deploy blockchain dapps for their enterprise. SIMBA Chain are developing on Quant’s Overledger Blockchain OS to allow them to deploy DAPPs across multiple connected blockchains.
SIMBA Chain have recently been awared a $9.5 million contract with the US Navy, they are also working with the US Air Force. They have a thriving ecosystem with over 1100 Organizations and 650+ Applications developed. Partners include Microsoft, Government Blockchain Association, Air Force Research Laboratory, Caterpillar, SAP and EY. Recently they also integrated Unity 3D plugin for Gaming to enable owning, storing, and managing all personal gaming assets across a variety of blockchains.
These are just a few of the companies that Quant have partnered with directly, but the ecosystem for Overledger Network is the Network of Networks. Every connected blockchain (Bitcoin, Ethereum, Ripple (XRPL), EOS, Stellar, IOTA, DAG, R3’s Corda, Hyperledger Fabric, JP Morgan’s Quorum and other Permissioned Variants of Ethereum) and their associated partners / applications built on them have the ability to connect and interoperate with the other blockchains connected as well as non-DLT networks such as existing payment rails like SWIFT, Faster Payments, SEPA etc. This Network of Network’s effects will grow exponentially as more and more join the ecosystem.

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Connecting the Internet directly to blockchain

Quant Network are also developing the ability to allow developers to build MAPPs that integrate directly with the internet as well as blockchain data. They will enable this via creating a new IP address for blockchains which they are calling Quant IP which will enable traffic to be routed from an IP connection from the Internet through Overledger to the connected blockchains.
Another Quant product called Seeq is a distributed search engine that is able to search and retrieve data from multiple blockchains and display them via html directly from the blockchain. More details will be released about Seeq later this year.
Connecting the Internet directly to blockchain will allow websites to be natively created and served directly from blockchains, without the need to have, run and maintain web servers, web services, SSL certificates etc and all running in a completely trusted, extremely resilient / tamperproof environment. The implications of this are enormous and more details will be released by the team later on this exciting prospect. By connecting your blockchain to Overledger you will also be able to benefit from this.

Join your favourite Blockchain project to the Overledger Network Ecosystem

Instead of the current mentality of having the main focus for many projects of listing on exchanges for vast sums of money, why not spend a little time (connectors can be created in as little as a week of development and don’t necessarily even need to be created by the team themselves) and make your blockchain / non-DLT application available to be used by all existing enterprises / members. Not only that but if you also run an Overledger Gateway connecting your blockchain node you also benefit from the transaction fees of the traffic going to it. The connectors are open source and completely free to connect and now with the standardisation of Objects in the recent SDK update the foundations are in place for the launch of Overledger Network with an ETA of Q2 2020. If you would like your favourite blockchain project to interoperate and be part of the ecosystem to further adoption then make the relevant people aware and keep an eye out for further details released in the future.

https://medium.com/@CryptoSeq/the-network-of-networks-scalable-interoperability-to-unleash-the-true-potential-of-blockchain-c54e7d373d2d

Thanks to community member Ghost of St. Miklos for contributing the section about regulation as well as Sonic for proofreading.
You can find more about Overledger Network as well as the token utility — here and community member David W. wrote an excellent article “A deeper look into the Quant Network Utility Token (QNT) valuation dynamics and fundamentals”
What is a blockchain operating system and what are the benefits? Introducing Overledger from Quant Network.
Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading
Large Enterprise Adoption of Blockchain is happening, enabled by Quant Network’s Overledger
As well as an 8 Part Series taking an indepth look at Overledger starting with Part 1
submitted by xSeq22x to CryptoCurrency [link] [comments]

Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading

Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading
AX Trading LLC (AX), a technology-enabled registered broker-dealer and Alternative Trading System (ATS) operator, today announced a strategic partnership with Quant Network a pioneering technology company providing financial and regulatory technology as well as interoperability in financial services, payments and capital markets infrastructure. Through this partnership, Quant Network’s technology, Overledger a blockchain operating system, will enable universal interoperability for regulatory-compliant security tokens and digital assets to be traded on AX ATS, a regulated secondary trading market. AX intends to integrate Overledger to help foster the evolution of traditional capital markets infrastructure to facilitate the mass implementation of interoperable regulated digital assets. With the increased market adoption of digital assets and banking “coins” such as JPMorgan Coin, AX and Quant Network are at the forefront to enable the transferability and movement of digital assets. George O’Krepkie, AX CEO said: “we look forward to partnering with Quant. Their technology will allow our blockchain agnostic security token exchange to communicate seamlessly with issuers, traders, investors, and regulators across different blockchain protocols. This is a key technological breakthrough that will help us bring the benefits of security tokens to Main Street and Wall Street.” It is expected that the first interoperable digital asset offering may commence as soon as January 2020, and that the AX Trading ATS may be ready to enable and list interoperable digital assets and securities in 2020.
Let’s have a closer look at what that means to truly appreciate the significance of the partnership by covering the basics for those not familiar with wall street.
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What is an Institutional Investor / Trader?

An institutional investor is an organization that invests on behalf of the organization's members. They consist of hedge funds, banks, investment banks, pension funds, insurance companies, endowment funds, or any other type of money management firm.
Institutional investors account for about three-quarters of the volume on the New York Stock Exchange (which alone handles more than $20 Trillion a year in volume). In the US, Institutional investors own about 80 % of the total market value of the equity (stock) market, which globally is worth more than $73 trillion.
Wall Street refers to the institutional investors I mentioned above whereas Main Street refers collectively to members of the general public who are not accredited investors and the overall economy as a whole.
Whilst the Equity Market is huge, Institutional investors also invest in other securities which are prime to be tokenised such as Real Estate Market (Globally worth $217 trillion), the Debt Market (Globally worth $215 trillion) and the Derivatives Market (Low end estimates at $544 trillion and high-end estimates at $1.2 quadrillion). All of which makes the current market cap for cryptocurrencies look like a drop in the ocean.

Who are AX Trading?

AX Trading is a SEC-registered broker-dealer and Alternative Trading System (ATS) Operator. They are a member of FINRA (Financial Industry Regulatory Authority)and SIPC ( Securities Investor Protection Corporation) regulated authorities. The SEC has some of the most stringent regulations in the world for listing securities and there are fewer than 50 SEC-registered Alternative Trading System Operators in the United States, of which only a handful are currently implementing Digital Assets. Others are awaiting regulatory approval with Coinbase, Circle etc are all looking at getting into this huge market.
https://www.coindesk.com/stonewalled-by-finra-up-to-40-crypto-securities-wait-in-limbo-for-launch
AX Trading have investors and sponsored brokers including the likes of Credit Suisse, (a multinational investment Bank and Financial services company worth $27.5 billion). AX currently have over 800 Institutional traders (these are not individuals, but corporations such as hedge funds, banks, investment banks, pension funds, insurance companies, endowment funds etc).
AX Trading have also partnered with Euronext, the largest Stock Exchange in Europe with a market cap of $4.65 trillion as of 2018, in the creation of Euronext Block which utilises AX Trading.

What is an Alternative Trading System?

An Alternative Trading System (ATS) is an SEC-regulated trading venue which serves as an alternative to trading at a public exchange. ATS account for much of the liquidity found in publicly traded issues worldwide. They are known as multilateral trading facilities in Europe, electronic communication networks (ECNs), cross networks, and call networks
AX is the world’s first “Electronic Trading Network” (ETN) where institutional traders can proactively connect and trade with other counterparties in a secure environment. Unlike traditional stock exchanges/ECNs that show orders to everyone and traditional dark pools/crossing systems that show orders — presumably — to no one, AX allows institutional traders to pick and choose WHOM they want to notify and also WHAT information they want to share with them.
Institutional investors may use an ATS to find counterparties for transactions instead of trading large blocks of shares on national stock exchanges. These actions may be designed to conceal trading from public view since ATS transactions do not appear on national exchange order books. The benefit of using an ATS to execute such orders is that it reduces the domino effect that large trades might have on the price of an equity.

How does AX Trading Work?

The AX Trading process begins when one trader sends an “initiated” order to AX. The order can be routed to the AX ATS via one of our broker sponsors such as Credit Suisse. The initiated order triggers a “Call Auction” on AX, a period of time when the order will rest in AX to be matched against other orders from auction responders.
The Initiator of an AX auction decides who they want to invite to participate in the auction, whether they be all 800+ institutional members or targeted to specific ones, as well as how much info they want to disclose about the order. Based on these instructions, the AX ATS then notifies the members inviting them to participate in the trade.
The invited members can then participate in the trade by either placing buy orders of their own or placing sell orders. At the end of the AX auction period, all orders are brought together, and a match is performed.
In the traditional, continuous market with displayed bids and offers, traders are often chasing liquidity. In other words, the price may move away from them the more they buy or sell to what is commonly called “market impact.” On AX, the advantage of their call auction model is it brings liquidity — in the form of participant orders to the buyer rather than them chasing liquidity.

What is a Security Token?

Security Tokens are different than Utility Tokens or Cryptocurrencies. A security token is a digital representation of a traditional security. It may represent shares in a company, interest in a fund, real estate, art collectables, or essentially any asset a party can own. Anthony Pompliano wrote an article explaining tokenised securities in more detail which you can see here
Security Tokens are digital assets subject to federal security regulations. In layman terms, they are the intersection of digital assets (tokens) with traditional financial products — a new technology improving old things. If cryptocurrencies like Bitcoin are considered “programmable money” then you can consider Security Tokens a version of “programmable ownership.” This means that any asset with ownership can and will be tokenized (public & private equities, debt, real estate, etc).
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Quant Network community member David W also wrote an excellent piece on the benefits of tokenisation of assets in a lot more detail than what I will briefly cover here and strongly recommend you check it out.
The Tokenisation of assets is therefore inevitable, because it is a better way to record, exchange and monitor asset ownership for all parties involved. The amounts at stake represent many hundreds of trillions of US dollars

What are the benefits of a security token?

  • Lower Fees — having Smart Contracts and compliance programmed into the token itself removes the need for middlemen, reducing costs. Post Trade businesses such as clearing houses would also no longer be required further reducing costs.
  • 24/7 markets — Currently the major US stock markets trade between 9:30am and 3pm during weekdays only. Trading can be done 24/7 and globally whilst remaining compliant.
  • Fractional Ownership — This greatly increases liquidity for previously illiquid assets. Real estate, Artwork, even assets such as Oil Refineries are already in talks about being tokenised through Overledger. If you have an asset such as an oil refinery worth billions of dollars, then naturally this limits the market should you ever want to sell it. However with fractional ownership you could own a tiny percentage of it and receive profits from the oil refinery based upon the percentage you own, which exponentially increases the number ofpotential buyers, increasing liquidity.
  • Rapid Settlement — Currently it takes 3 working days to settle a securities trade, this can be reduced to minutes by having the asset and fiat represented on a blockchain and handled through smart contracts.
  • Automated compliance — Security tokens are programmable, and rules and regulations are hard-coded into the architecture of the token to ensure they always remain compliant. This means that they can be traded globally and still ensure they respect the relevant countries regulations that the participants are located in.
  • The benefits that a blockchain provide such as transparency, security, immutability, high availability. Regulators can also run a node and verify compliance in real time.

Security Token Issuance Platforms

Security token issuance platforms allow issuers to issue Security tokens that represent the security such as Shares in their company etc in return for capital. This is known as a Primary Market. Importantly it’s not just the issuance that they look after, it’s the whole life cycle of a digital security to ensure they remain continuously in compliance as they are traded etc. They also provide reporting to the issuer so they can see who owns the tokens and what dividends to pay out.
Securitize are one of the leading security tokens issuing platforms. They have created the DS Protocol, a blockchain agnostic protocol for security tokens which manages the whole lifecycle of a digital security, ensuring it remains continuously in compliance. They have issued a number of security tokens on the Ethereum network as well as recently working with IBM to tokenise the Corporate Debt Market (worth $82 Trillion). On the back of this they joined Hyperledger, an open source project which includes Enterprise blockchains such as Hyperledger Fabric which IBM is heavily involved with.
https://tokenpost.com/Quant-Network-Securitize-and-others-join-Hyperledger-blockchain-project-1544
They recently also became the first SEC-registered transfer agent, which means Securitize can now act as the official keeper of records about changes of ownership in securities.
There are many companies in this sector which are utilising various blockchains, Other examples include:
  • Harber — R Token protocol for Ethereum
  • Polymath — ST20 protocol for Ethereum
  • Blockstate — a security token issuance platform recently announced plans to migrate a number of ERC-20 tokens from the public Ethereum blockchain to the permissioned blockchain R3 Corda
  • Dusk — Uses the Dusk blockchain
  • Own — Uses the Own blockchain
And many more such as Nefund, Bankex, Capexmove, Swarm, Symbiont, Tokeny etc

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Trading Venues

Whilst the issuance platforms above generally also include their own exchange where the token can be traded on, secondary markets such as those offered through traditional stock exchanges and Alternative Trading Systems provide significantly more liquidity.
Traditional Stock Exchanges have been very active in blockchain with some going through proof of concepts, to those like SIX SDX Digital Exchange which is due to launch later this year. They are using various blockchains and cover the full process from Issuance, Trading and Post Trade / Settlement services. I have briefly outlined which blockchain they are using / testing with along with source to read more about it below:
  • Switzerland’s Stock Exchange — SIX Digital Exchange issue, trading, settlement, custody — Corda — Source
  • Largest Stock Exchange in Germany — Deutsche Borse Franfurt Stock Exchange — Corda — Source and Source
  • South Korea’s Stock Exchange — Korea Exchange — Hyperledger Fabric — Source and Source
  • Japan’s Stock Exchange — Tokyo Stock Exchange — Hyperledger Fabric — Source which the consortium has now grown to 44 companies. Tokyo Stock Exchange are also testing JP Morgan’s Quorum for voting on the blockchain — Source
  • London Stock Exchange Group — Hyperledger Fabric — Source . They are also invested in Nivaura which utilises Ethereum — Source
  • Largest Stock Exchange in Europe — Euronext — Permissioned Ethereum via Liquidshare — Source as well as recently investing in Tokeny a blockchain based project based on public version of Ethereum — Source
  • Singapore Stock Exchange — Ethereum — Source

Post Trade — Central Security Depositories

Situated at the end of the post-trading process, CSDs are systemically important intermediaries. They thereby form a critical part of the securities market’s post-trade infrastructure, as they are where changes of securities ownership are ultimately registered.
CSDs play a special role both as a depository, involving the legal safekeeping and maintenance of securities in a ‘central depository’ on behalf of custodians (both in materialised or dematerialised form); as well as for the issuer, involving the issuance of further securities by issuers, and their onboarding onto CSDs’ platforms.
CSDs are also keeping a number of other important functions, including: dividend, interest, and principal processing; corporate actions including proxy voting; payment to transfer agents, and issuers involved in these processes; securities lending and borrowing; and, provide pledging of share and securities.
Blockchain technology will enable real-time settlement finality in the securities world. This could mean the end of a number of players in the post-trade area, such as central counterparty clearing houses (CCPs), custodians and others. Central Security Despositories (CSD) will still play an important role according to reports:
“CSDs could have an important role to play in a blockchain-based settlement system. As ‘custodians of the code, CSDs could exercise oversight of, and take responsibility for, the operation of the relevant blockchain protocol and any associated smart contracts.” Euroclear Report
Another group of 30 central securities depositories (CSDs) in Europe and Asia are researching possible ways to “join hands” in developing a new infrastructure to custody digital assets. The CSDs will attempt to figure out how to apply their experience in guarding stock certificates to security solutions for crypto assets.
“A new world of tokenized assets and blockchain is coming. It will probably disrupt our role as CSDs. The whole group decided we will be focusing on tokenized assets, not just blockchain but on real digital assets.”
You can read more about how blockchain will affect CSD’s here
Examples of CSD’s in blockchain
  • SIX Digital Exchange and Deutsche Borse are utilising Corda as explained in the trading venues section
  • DTCC the largest in the US process 1.7 Quadrillion US Dollars of securities every year and are planning on moving their Trade Information Warehouse to Axoni’s AXCore Blockchain (Based on permissioned version of Ethereum) later this year — Source
  • Canada CDS are using the Quartz blockchain from Indian IT Services Company Tata Consultancy Services — Source
  • Euroclear in collaboration with the European Investment Bank (EIB), Banco Santander, and EY are developing a blockchain solution — Source
  • French CSD’s too soon go live on Setl Blockchain — Source and Source
  • Russia’s National Settlement Depository is launching a blockchain project using D3ledger (based off Hyperledger) — Source

The Importance Of Interoperability

The evolution of DLT and the wide adoption across industries and across different market segments is resulting in many different ledgers networks, but the ultimate promise of DLT can only be realized when all ledger networks can seamlessly interoperate. — from the recent DTCC whitepaper with Accenture
Some challenges and constraints related to the market infrastructure ecosystem remain open and will need to be addressed in the future to sustain the development of DLT platforms for trading and the post-trade process. At this stage, the questions of interoperability and standardization across these DLT (probably permissioned) platforms remain open and we may see a list of platforms offering no scope for interconnection. This will prevent them from fulfilling the key “distribution” criterion of DLT. Another related challenge that may determine whether or not the technology is adopted is the ability to provide Delivery versus Payment (DvP) settlement, in particular in central bank money. Nevertheless, it is worth mentioning that settlement can also be facilitated in commercial bank money. — https://www2.deloitte.com/content/dam/Deloitte/lu/Documents/technology/lu-token-assets-securities-tomorrow.pdf
It’s clear from the above that interoperability will be crucial in order to unlock the true potential of Distributed Ledger Technology. Issuance platforms will seek to interoperate with as many secondary exchanges as possible to provide maximum liquidity for issuers. Issuance platforms and secondary exchanges are each using a wide range of different blockchains that all need to interoperate as part of the trade process. CSD’s will also need to have interoperability between other CSD’s as well as to the secondary exchanges (again each using different blockchains).

Enter Quant Network’s Overledger

Quant Network’s blockchain operating system, Overledger, provides interoperability between any current and future distributed ledger technology as well as easily connecting Off Chain / Legacy networks as well as plans to connect directly to the Internet. Within 10 months it has proven it can provide interoperability with the full range of DLT technologies from all the leading Enterprise Permissioned blockchains such as Hyperledger, R3’s Corda, JP Morgan’s Quorum, permissioned variants of Ethereum and Ripple (XRPL) as well as the leading Public Permissionless blockchains / DAGs such as Bitcoin, Stellar, Ethereum, IOTA and EOS as well as the most recent blockchain to get added Binance Chain. All without imposing restrictions on connected chains, being Internet scalable and able to easily integrate into existing networks / infrastructure.
https://preview.redd.it/8p6hi942t0m31.png?width=1920&format=png&auto=webp&s=b0536ea9981306feb8bd95788c66e9a5727a4d58
Overledger a blockchain operating system, will enable universal interoperability for regulatory-compliant security tokens and digital assets to be traded on AX ATS, a regulated secondary trading market. AX intends to integrate Overledger to help foster the evolution of traditional capital markets infrastructure to facilitate the mass implementation of regulated digital assets. With the increased market adoption of digital assets and banking “coins” such as JPMorgan Coin, AX and Quant Network are at the forefront to enable the transferability and movement of digital assets
https://www.quant.network/blog/redefining-wall-st-with-decentralised-capital-market-infrastructure-the-possibilities-of-quant-networks-overledger-technology-in-regulated-capital-markets
Overledger enables Universal Interoperability where digital assets can move across blockchains so that they can interact with smart contracts on different blockchains. It does this by locking the asset on one blockchain and then representing it on another blockchain either by creating a representing token or representing it via metadata. This will enable all of these different parties such as Issuance platforms, Exchanges, CSD’s, traders etc to move the digital asset from their respective blockchain onto AX Trading’s platform for secure, immediate and immutable trading to take place. Potentially it would even allow Digital Assets / Securities to settled on a public permissionless blockchain such as the recently connected Binance Chain in a completely safe, secure and compliant way.
https://preview.redd.it/a3o9qxq5t0m31.png?width=443&format=png&auto=webp&s=78d7a7e7d47213bbb354336ba9d5ad92c1c2254a
Regulators would be able to run a node and view transactions in real time ensuring that compliance is being kept. Potentially they could also benefit from using Quant Networks Multichain Search capability http://search.quant.network/ to be able to fully track assets as they move across blockchains.
George O’Krepkie, AX CEO said: “we look forward to partnering with Quant. Their technology will allow our blockchain agnostic security token exchange to communicate seamlessly with issuers, traders, investors, and regulators across different blockchain protocols. This is a key technological breakthrough that will help us bring the benefits of security tokens to Main Street and Wall Street.”

Securrency

AX Trading have also partnered with Securrency (who have previously tokenised over $260 million in real estate assets). Securrency provide a protocol that enables security tokens to remain in compliance regardless of what blockchain the token is on. Due to the layered approach that Overledger has adopted from the learnings of TCP/IP, this protocol can be easily integrated on top of Overledger to enable security tokens to move across blockchains as well as ensuring they remain in compliance with regulations programmed into the token.
https://youtu.be/vSQ2fu9iZGs

Delivery vs Payment (DvP)

A DvP transaction involves the settlement of two linked obligations, namely the delivery of securities and the payment of cash. DvP avoids counterparties being exposed to principal risk, i.e. the risk that the seller of securities could deliver but would not receive payment or that the buyer of securities could make payment but would not receive delivery. Following this requirement, a DvP securities settlement mechanism has to ensure that the delivery of securities and the payment of cash are linked in a way where one leg (obligation) of the securities trade is conditioned to the final settlement of the other leg (obligation) of the trade. Thereby final settlement is defined as “the irrevocable and unconditional transfer of an asset or financial instrument, or the discharge of an obligation by the FMI or its participants in accordance with the terms of the underlying contract”. — STELLA — a joint research project of the European Central Bank and the Bank of Japan
We have seen how Overledger can provide interoperability for the securities to move across Issuers platforms, integrate with Stock exchanges, Central Security Depositories and AX Trading. Now we need to be able to ensure that payment is guaranteed and in a way that offers immediate settlement which is irrevocable. To do this we need to represent FIAT on the blockchain so that it can interact with smart contracts and settle transactions on the blockchain.

J.P.Morgan’s Coin

J.P.Morgan is the largest bank in the United States and ranked by S&P Global as the sixth largest bank in the world by total assets as of 2018, to the amount of $2.535 trillion.
J.P. Morgan was the first U.S. bank to create and successfully test a digital coin representing a fiat currency. The JPM Coin is based on blockchain-based technology enabling the instantaneous transfer of payments between institutional clients.
With J.P.Morgan’s $2.6 trillion balance sheet, expertise in blockchain and global payments network, J.P. Morgan can seamlessly and securely transfer and settle money for clients around the world. J.P. Morgan are supervised by banking regulators in the United States and in the international jurisdictions in which it operates.

How does JPM Coin work?

A Buyer purchases JPM coins in advance which get represented on the Permissioned Quorum blockchain ($1 =1 JPM Coin). Quant Network’s Overledger could then provide interoperability to lock those tokens on Quorum and represent those onto another blockchain / AX Trading’s Network. By being able to represent securities and FIAT on the same blockchain (even though the underlying assets are on different blockchains) this provides instant finality / settlements to occur.
Once the seller receives the JPM coin in exchange for the securities they have sold they will be able to redeem them for USD. It also doesn’t necessarily mean that they have to have a JP Morgan account to redeem them, you could imagine in the future that the Bank instead redeems the JPM Coin and credits the users account. Similarly the buyer of the security token redeems the represented token and unlocks the security token on the original blockchain.
You can read more about JP Morgan’s Coin here as well as its use cases
J.P Morgan is betting that its first-mover status and large market share in corporate payments — it banks 80 percent of the companies in the Fortune 500 — will give its technology a good chance of getting adopted, even if other banks create their own coins. “Pretty much every big corporation is our client, and most of the major banks in the world are, too,” Farooq said. “Even if this was limited to JPM clients at the institutional level, it shouldn’t hold us back.”
Overledger enables different securities tokens / digital coins representing FIAT currencies to be brought together from the various permissioned / permissionless blockchains onto one platform where trading / settlement can take place. Overledger is the only technology that can do this today across the leading permissioned and permissionless blockchains as well as existing networks, all in a secure, scalable and easy to integrate way.
https://preview.redd.it/ngt7q7hdt0m31.png?width=738&format=png&auto=webp&s=60166bdc0fcdf72a502e3472a09de5ddb5e1eb69
Quant Network are working with AX Trading to bring more digital assets, securities and tokenised assets to their existing 800 institutional traders in an already live and connected FINRA and SEC regulated exchange. AX Trading is not just about trading securities but other digital assets such as Bitcoin, Ethereum and potentially even Quant in the Future.
https://preview.redd.it/ibecorcft0m31.png?width=1286&format=png&auto=webp&s=94540cf49654e36a8155f424c2a4bdb5fd549558
This is a multi-trillion dollar market with huge global enterprises, traditional exchanges and global banks are all adopting DLT at a rapid pace and going into production at scale in a matter of months, examples include the NYSE Bakkt launching Bitcoin futures later this month, Swiss Stock Exchange ($1.6 Trillion market Cap) is due to launch their digital exchange running on Corda (SDX) by the end of the year. The DTCC are due to launch their Trade Information Warehouse which processes $10 Trillion of cleared and bilateral derivatives by the end of the year. JP Morgan who transfer $6 Trillion every day are due to launch their JPM coin at the end of year and AX Trading is due to offer their first digital asset by January 2020.
Quant Network’ Overledger enables the bridging of traditional finance infrastructure with the new decentralised finance infrastructure DeFi of the future, helping to redefine Wall Street and Capital Markets.
https://medium.com/@CryptoSeq/wall-street-2-0-17252ffd8919
submitted by xSeq22x to QuantNetwork [link] [comments]

[2016 Chinese Article Translated] A Vital Force in the Blockchain World, They Are Developing Something that Will Help an Enterprise Like Alibaba

Hi Vechain Community,
As I said before, I think building a great community together actually matters a lot to ourselves and the hardworking folks at Vechain. So I found an article about Vechain that I thought was fairly well written which has some information that's not here. It's mostly about the early history of Vechain. The title includes Alibaba but don't be misguided they are not partners. I've just carried it from the original. Please point out and provide feedbacks to what other translations you would like to see. I'm not a journalists nor an excellent writer. But I'm happy to help.
Source: *https://www.leiphone.com/news/201610/FkCHnvT80RSIGSgG.html *Time: 2016-10-21 18:56
Vechain is a Shanghai-based company, focusing on solving the counterfeit problems for luxury goods, they are currently focusing on providing a supply chain solution which can prove a source of authenticity for products in the real world. Users can easily find out about the information and the history of products through Vechain.
The Beginning of the Story
Every story starts with an ideology, and this ideology is pursued with romantic heroism.
CEO of BitSE and Vechain, Chandler Jun, has been working in blockchain industry for about 3 years, He’s spent 12 years in IBM and in his own words, “I’ve never thought about leaving, until the moment I saw blockchain.”
CTO, Shuai Chu, to this date has become a renown figure in the blockchain community, has received his PHD in Computer Science from Chinese Academy of Sciences. In 2013, He left Alibaba due to his first encounter with bitcoin. Now he’s accumulated 5 years of blockchain R&D under his belt.
After 7 months of working as a CTO in Louis Vuitton, Sunny Lu left his jobs and joined the other two idol-level friends to start Vechain, taking on COO of Vechain (now CEO). At the time, many friends and business partners came up to him and challenged him, “Why are you leaving your jobs for some gaming coins?” — in 2017, Sunny Lu received a promotional e-mail from Bitcoin, in the beginning, he was simply wondering the difference between bitcoin and QQ coin, but then he embarks on a journey of cryptography, mathematics and his own business, with no intention of looking back.
No one can fight against the time, the futurologists say people overestimate what the future is going to be, but also do not underestimate what could happen in a short span of 3 years. The question to Sunny was, how can they take on this groundbreaking technology, along with their ideologies for the a better world, to implement the changes in reality.
The Recruitment of Blockchain Army
In the Anding district of Shanghai, sits an old building that catches no one’s eye, is where BitSe (Vechain’s parent company) located. If you walk up to the office, you will meet a bunch of world class engineers who graduated from Colombia. Just when you enter the door, you can also pet the Allah Chomsky dog who is just hanging in the office.
“Most of our engineers are located in Europe, a few of them in Shanghai, and the rest works from home.” says the CTO Shuai Chu, Vechain’s engineers are located from Morocco, Bosnia, Herzegovina, Russia, and Canada. We have meetings in Europe once in a while.
“There are just not enough blockchain talents here in China. Also, people who have the knowledge of traditional industry are just too hard to find! We had to recruit globally through the Internet.” says Sunny Lu. Recruitment was a very difficult period. In the beginning, “As long as you understand Blockchain. I will hire you!”, “But now we are recruiting much more specifically, we want people who understand smart contract and have certain domain industry.”
It was a period of barrenness, all we had was imagination and vision.
Many of the angel investors from Uber and Airbnb were asking: “Why did this people join you?” Sunny Lu answers: “I think engineers are the same as business people, they only join the people who they respect, and they also crave for respect from their employers. The best only want to work with the best. For example, one of the Canadian engineer on the tam, is a very well-respected engineer in the field.”
Despite such common sense, it was still a difficult time since Europe’s blockchain development is behind the world by a year. “What the Europeans were talking about now is something we used to talked about a year ago.” says Sunny. However, we were able to overcome such obstacles and Vechain’s competitive advantage comes from being use case focused. We focus on industry adoption, not mathematical theories and technical development. We are already collaborating with PwC, fashion brand like BabyGhost, and airline logistic companies, signing deals in which we provide BAAS (Blockchain as a Service).
Mining, Currency Speculation, and Applications
In 2014 September, Silicon Valley and Wall street was going crazy with FinTech, and Blockchain’s waves were also starting to rise at the time.
Ever since Blockchain became popular in 2015, according to statistics, there are 60 industries trying to explore and understand how they should navigate blockchain, attracting more than 10 billions dollars of investment. People call it the next Internet, with a high probability to reconstruct and improve the current world structure.
In 2013, BitSe enters the field of Cryptography, “We started with mining services for bitcoin, we’ve started designing chips (ASIC), mining pools, and some blockchain browser services.” says Chandlers Jun.
In the blockchain industry, the majority of the people only care about price speculation and mining, no one really cares about technology development. Our voices were not heard in the crowd at the time.
“But have you ever thought about the low level development will be getting so much attention as of today?” asked the reporter.
“I actually have, bitcoin’s design philosophy is very cleverly thought. But I bet most of the people did not see this coming.” Says Chandler Jun. We can see Chandler’s high involvement in cryptocurrency from the 10,000 blog posts he has written, and the manual “Building Yourself from 0 to 1 in Blockchain” he has published.
“Starting in 2015, we have attempted many use cases and directions of blockchain, including ICOs, gaming, distributed web, and we’ve even helped non-profit organization to record their cashflows on blockchain ledgers. But right now, we’ve decided to focus on Vechain, an enterprise solution platform.” says Chandler Jun. “Why do you focus on the supply chain industry while blockchain’s value is initially discovered in Finance?” Reporter asked. “Regulations are very slow and heavy in the finance industry, we’ve made several attempts. But the cost of failure is too high. We’ve chosen an industry with less regulatory risks to start with and we’ve identify very practical use cases of blockchain. So this is where we decided to start.”
‘’And of course, we had to work with our resource constraint.” says Sunny Lu, whose fashion industry background highly influence the homepage of Vechain.
When recalling how they got involved in the fashion industry, Sunny Lu says “In 2015, they have organized a 2 day workshop with many executives from the high-end brands to educate them about blockchain and also to understand what’s their current predicament due to technical constraint. We then reached consensus that blockchain can help solving the counterfeiting problem as well as building a better customer relationship and feedback loop.”
“The brands and the manufacturers care the most about their buyers. But their problems are, the sold products are currently like the spilled water. You have no idea where and who your customers are, and you can’t establish a communication channel. When someone brought an LV, Channel, or Hermes bags, the customers are not able to tell you whether the bag is fake. No one can tell you, no services is provided right now.” says Chandler Jun.
“Due to the lack of data, the upstream and the downstream can’t coordinate and work together. But with blockchain, every luxury item can have an immutable identity, everyone in the world can understand the item by accessing its history, including quality management process, its fabrics, manufactures, and many more. We believe this is a much better experiences of buying a high-end product. However, we never expect there to be no fakes on the market. It’s impossible”. says Chandler Jun.
Horse Speed
It’s hard to not think about Alibaba when we talk about fakes. “Alibaba has been explore blockchain, I’ve even talked to someone who works there, but we are too small now, we need to focus on making our products great at this moment.” says Chandler Jun. “I think the most challenging part is timing, we need to be fast. There is no competitor now, but we still need to run as fast as we can.”
Besides counterfeiting, Vechain also is exploring resource management and large scale supply chain solution. There are so many stories of Vechain that we can talk about, but right now the focus is to expand the scale of the products. All the engineers and business partners are working as hard as they can on a daily basis, so such technology can become a reality and a real world application.
submitted by dandanbang to Vechain [link] [comments]

Cryptocurrencies are mostly negative as US CFTC Chairman says coders may be liable for predictive event smart contracts

Crypto News
Sources:
https://cointelegraph.com/news/scalability-study-dlt-can-support-daily-trading-volume-of-us-equity-market https://www.coindesk.com/how-savvy-traders-gamed-coinbases-latest-crypto-listing-for-a-35-payday/ https://cointelegraph.com/news/chinese-crypto-exchange-btcc-plans-south-korean-launch-in-november https://www.coindesk.com/monero-to-become-first-billion-dollar-crypto-to-implement-bulletproofs-tech/ https://www.coindesk.com/cftc-official-warns-smart-contract-designers-over-predictive-code/ https://cointelegraph.com/news/indian-internet-blockchain-committee-attracts-reps-from-zebpay-mastercard-microsoft https://cointelegraph.com/news/pantera-capital-exec-cryptocurrency-market-prices-could-increase-tenfold-by-2020 https://www.ccn.com/next-bitcoin-bull-run-will-see-crypto-prices-rise-10x-pantera-cio/ https://www.newsbtc.com/2018/10/17/pantera-exec-crypto-market-close-to-bottom-tenfold-increase-possible-with-scalability/
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

The right time to by this blockchain stock (TSX.V LTV)

TL;DR version:
LeoNovus is a provider of solutions to cloud data storage using blockchain technology. It was included as a major underlying component in a recently launched blockchain ETF. Blockchain stocks are all the hype, but LTV actually has solid fundamentals. It currently has projects with government of Canada, large Canadian bank, and a Canadian college. It is currently on a hot hiring spree for more software engineers as it vamps up its platform and take up more projects (just google LeoNovus careers). For more info on their recent accomplishments, check out the list on the bottom! If you want to invest in blockchain companies without trading cryptos, LTV is one of your best bets!
Long version:
A year ago today, bitcoin was at $1025USD, ethereum was at $11.3USD, NEO was not even a thing… Even with the current crypto market sell off, if you have bought bitcoin and ethereum a year ago, you are still up 580% and 5800% on your investments, respectively. However, don’t beat yourself too hard if you have missed the crypto rally. There are still other opportunities, namely the rise of the blockchain technology.
You may wonder isn’t betting on cryptocurrencies the same as betting on blockchain technologies. Not really. Why?
1) Not every blockchain needs a native currency. There are two types of blockchain – public and private. The difference between public and private blockchains is similar to the differences between Internet and intranet. The Internet is an open public space that anyone can tap into, while an intranet is designed to be a private space. Both bitcoin and ethereum are public blockchains. All transactions on a blockchain must be validated and embedded in data blocks, which essentially form the blockchain. Since the creators of public blockchains likely do not have the processing capabilities to handle all the transactions alone, miners step in. Miners on public blockchains need a reward for verifying transactions, therefore, cryptocurrencies are necessary for the operations of public blockchains. On the other hand, private blockchains are internal networks that are tightly controlled and do not require the need for a robust network of miners to verify transactions/blocks. Private blockchains are primarily used for business application where access to the chain is limited to certain parties. Cryptocurrencies are not a necessary component for most private blockchains.
2) Regulators are keeping their eyes close to cryptocurrencies and are trying to regulate them. However, they have shown very supportive attitude towards the development of blockchain technologies. At this point, the consensus view is that: at some point down the road, blockchain will revolutionize part of, if not the whole, society. Regulators may frown upon cryptocurrencies given their speculative nature, but they have also come to realize that they cannot afford not to embrace blockchain technologies. In December 2017, Janet Yellen called bitcoin as a “highly speculative asset”. As to a government-issued digital currencies, she commented ”While we’re looking at research on this topic, there are, I think to my mind, limited benefits from introducing it, a limited need for it and some substantial concerns.” Blockchain technologies have definitely started being adopted across multiple departments in the US government. The U.S. Army Medical Research and Materiel Command, The Department of Defense Transportation Command, The Food & Drug Administration all have issued notices saying they would looking into potential application of blockchain technologies.
Why should you invest in blockchain technology stocks?
1) Blockchain technology is not a fad. Many of the applications have passed the proof-of-concept stage, and started being adopted for social and business uses.
2) It is investing in the next “big thing”. Talking about blockchain today is like talking about the Internet back in the 90s – it is just difficult for people to imagine its specific applications. But most of us can see it being broadly applied.
3) Unlike cryptocurrencies which are highly speculative, the development of blockchain technology has its fundamentals. So far, it has been hard if not impossible to time all the cryptocurrencies. On the other hand, investing in blockchain stocks comes down to understanding applications of the technology and evaluating businesses, which can be much more predictable.
4) You may say, well, a lot of this blockchain stocks sell off when the cryptocurrency market melts. True. But investors panicking over their blockchain stock holdings when the cryptocurrencies are down just indicates how naïve those investors are – they look at blockchain stocks as another way to profit on cryptocurrencies, which is totally wrong. And if anything, it means opportunities for better educated investors.
5) Opportunities are yet to come. The realm of public blockchains and their native assets is most relevant to the innovative investor at this stage. Private blockchains have not yield an entirely new asset class that is investable to the public. However, with the rise of blockchain technology, I believe this will come, and it will create new investment opportunities.
That being said, don’t just throw your money into any start-up companies that have the word "blockchain" in their names. There are a ton of garbage stocks out there doing nothing in blockchain and just waiting to monetize on stockholders’ hard-earned money.
Investing in blockchain technology stocks is no easy task, it requires a lot of due diligence. One of the most basic questions investors need to ask is: Does the blockchain technology project make sense? This applies to both public and private blockchains. For example, STEEM is a public blockchain many investors are familiar with (Currently, it is among the top 20 cryptocurrencies in terms of market cap.) STEEM aims to offer a blockchain-based social media platform, where users can earn rewards through activities such as posting. But, think for a second. Do we need a decentralized Facebook? If not, well, this is exactly what STEEM does. This spells out the biggest challenge many investors face. We all agree that blockchain will become a big thing, but not every company needs to get on a blockchain and not every company will benefit from a decentralized system. Unless the management actually understands blockchain technology and how their company in particular will benefit from it, many of their new initiative on blockchain could just be noise. And it is investors' job to filter through it.
Moreover, don’t expect a 200% return on your blockchain technology stocks in a year if you invest in the companies like Intel, Amazon or Walmart. I get it, all of the giants have said they are engaging in blockchain, and I believe they have the ability to come up with interesting things. But how much of they company earnings will be driven by the blockchain initiatives? And what’s the fraction of that will be translated into their stock prices? Tiny, probably.
So, after all this talk, here is one stock I like a lot - LeoNovus (TSX.V: LTV). I have been following the stock for four months now. The company has undergone rapid growth in the one year time since it launched its first product. The company is offering specific solutions to cloud data storage using blockchain technology - this project has broad applications; and cloud data storage can be truly made more secure yet accessible with blockchain technology. On the technical front, LTV is partnering with DTL Labs, the company behind Enterprise Ethereum, IBM’s Fabric, R3’s Corda, and JP Morgan’s Quorum. On the application front, LTV has signed contracts with the Government of Canada, one of the Canadian leading banks, a leading Canadian college, and a global healthcare data provider to install their platform. As a start-up company that only started selling its products less than a year ago, these are significant achievements. The stock has been recently sold off a lot with the broader crypto sell off, even on the backdrop of great new developments. To me this is a buying opportunity.
For more details on the company, keep reading...
Leonovus is a blockchain-hardened software-defined cloud storage solutions provider for enterprise. Their patented algorithms virtualize, transform, slice and disperse data across a network of on-premises, hybrid or multi-cloud storage nodes, which allows for secure object-based data storage that across the entire solution. The architecture is designed to minimize latency, optimize availability, reduce remote backup costs and meet data sovereignty requirements.
They have strong management team! I dug in on their employees profile and found most of them have strong IT architecture and software background, this is especially true for those who at the top of the company structure. So many of the start-up blockchain companies are ran by people in the financial industry. Well, no offense, as I am also one of the capital market employees, but really, how much do we actually know about the technicals to develop a great blockchain project. Very little I would say.
Leonovus launched its first product at the beginning of 2017. Within one year, the company has undergone rapid growth in product development, sales, as well as partnership. Here is a timeline of major events: January 10, 2017 - Leonovus launched its software-defined object storage solution solving security and compliance requirements for enterprise cloud storage. The solution is designed to bring enterprise cloud users an increased level of data security, recoverability and compliance across any combination of cloud storage solutions. The solution is hardware and software agnostic, which cuts implementation costs for enterprise. As an Oracle Gold Cloud Partner, Leonovus complements Oracle’s storage solution offerings by bringing GRC (governance, risk management and compliance) to Oracle’s IaaS (Infrastructure as a Service) cloud storage solutions and providing a foundation for enhanced GRC in all of Oracle’s cloud PaaS (Platform as a Service) and SaaS (Software as a Service) solutions.
January 30, 2017 - The software-defined object storage solution is in trials by one of the largest public colleges in North America to ensure its sensitive data meets compliance standards and remains secure within the cloud. Leonovus will begin with the institution’s multi-cloud environment in late February 2017, with the potential of being implemented into the other 24 post-secondary schools within its peer network over the next 24 months.
June 21, 2017 - The new product, Leonovus 365, targets the installed base of 89 million Microsoft 365 users. It provides Microsoft 365 with advanced security and compliance features, and it can pool the cloud storage from all the OneDrive licenses into one managed cloud storage instance. Users are able to achieve advanced collaboration in Leonovus 365.
September 26, 2017 - Leonovus announced enhancements to its existing data storage solution via the integration of blockchain technology. The company’s core technologies offer scalable distributed data storage with improved security, governance, and compliance while reducing costs, risk and providing additional defense against cybersecurity threats. The utilization of blockchain technology further enhances its effectiveness. The company’s previous adoption of blockchain technologies:
1st - In 2014, the company produced and deployed a managed, loosely-coupled blockchain computation pool built from available idle resources. The system managed both public and private blockchain computation on thousands of low/no-cost computing cores across North America with only a few clicks of a mouse from a browser-based dashboard.
2nd - In 2014, the company leveraged its proprietary distributed computing technology to mine digital currency from low-end distributed devices.
October 4, 2017 - Leonovus partnered with DLT Labs to accelerate the engineering of the blockchain components of the storage solution. DLT Labs is a global leader in implementing permissioned and non-permissioned blockchain solutions for enterprises. The Lab has extensive enterprise experience and expertise with all distributed ledgeblockchain technologies including Enterprise Ethereum, IBM’s Fabric, R3’s Corda, JP Morgan’s Quorum, and etc.. During one interview with DLT Labs, they expressed firm belief that Leonovus would continue market leadership in the field.
October 23, 2017 - Leonovus signed a proof of concept agreement with one of Canada’s “big six” banks (For those who live in the U.S., Canadian banking sector is entirely dominated by the six biggest banks, and there are not regional banks.) Leonovus will install its blockchain-hardened software to assist the bank in developing a multi-site data storage management fabric with data security, performance and compliance metrics that meet the bank’s data governance policies. Leonovus will also help the bank to leverage and maximize its current storage assets to form a secure and compliant private cloud storage network that will dramatically reduce data storage costs while increasing data security.
November 3, 2017 - Leonovus signed a proof of concept agreement with a global health data services company. This project will help deliver an improved user experience to the 20,000 Citrix users. This project came from the challenge that data may reside in different geographical business zones. As such a business user who lives in the North American Zone may have to log in and pull a file back from the European Zone. Due to inter-continental latencies, pulling in data from another geographic zone provides the end user with a poor experience, causing frustration and potential delays. Leonovus blockchain-hardened can be the solution to this problem.
January 24, 2017 - After four months of technical and market evaluation by the Government of Canada (GOC), Leonovus is pre-qualified to receive up to $500,000 purchase order from the GOC. The next step is to choose the sponsoring GOC department. There is potential for three additional $500,000 purchase orders in 2018, paid from departmental budgets.
Other than the above-mentioned breakthroughs, Leonovus has committed to many new partnerships with established companies in IT infrastructure services, cyber security, and data providers, to further access the total market for the technology. These companies include: ZoneTI (Canada-based), Snowy River International (Canada-based), Storage Made Easy (UK-based), FlexTy Solutions Inc. (Canada-based), ApexIT (US-based).
Back in June 2017, Leonovus has started to follow Cryptographic Module Validation Program (CMVP), which is a joint American and Canadian security accreditation program for cryptographic modules. The program is for vendors who seek to have their products certified for use by the U.S./Canadian Government and regulated industries that collect, store, transfer, share and disseminate "sensitive, but not classified" information. The certification process is expected to be completed in eight to twelve months. This will help broaden the use of Leonovus’ products.
Last but probably the best point to buy LTV today is...
A momentum trade is also likely to push LTV stock higher tomorrow. The very first Canadian blockchain technology ETF (TSX: HBLK) is about to start trading on Feb 7th, 2018. LTV has a significant weight in the ETF portfolio. Given the high demand in blockchain ETFs, I expect the ETF will start trading with high buying volume. For each unit of the ETF sold, the ETF provider needs to go buy the corresponding number of underlying stocks to back it up. For emerging companies such as LTV, if the ETF has high trading volume, it will definitely drive up the demand for the stocks. Just to give you a rough measure. When the first marijuana ETF (TSX: HMMJ) hit the Canadian market back in April 2017, we witness some smaller names in the portfolio getting pushed up 20% in the week following the launch. And HMMJ marked the top net inflow ETF in Canada in 2017.
submitted by timethcaper to CanadianInvestor [link] [comments]

Crypto News Recap for the week ending August 3rd

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

The right time to by this blockchain stock (TSX.V LTV)

TL;DR version:
LeoNovus is a provider of solutions to cloud data storage using blockchain technology. It was included as a major underlying component in a recently launched blockchain ETF. Blockchain stocks are all the hype, but LTV actually has solid fundamentals. It currently has projects with government of Canada, large Canadian bank, and a Canadian college. It is currently on a hot hiring spree for more software engineers as it vamps up its platform and take up more projects (just google LeoNovus careers). For more info on their recent accomplishments, check out the list on the bottom! If you want to invest in blockchain companies without trading cryptos, LTV is one of your best bets!
Long version:
A year ago today, bitcoin was at $1025USD, ethereum was at $11.3USD, NEO was not even a thing… Even with the current crypto market sell off, if you have bought bitcoin and ethereum a year ago, you are still up 580% and 5800% on your investments, respectively. However, don’t beat yourself too hard if you have missed the crypto rally. There are still other opportunities, namely the rise of the blockchain technology.
You may wonder isn’t betting on cryptocurrencies the same as betting on blockchain technologies. Not really. Why?
1) Not every blockchain needs a native currency. There are two types of blockchain – public and private. The difference between public and private blockchains is similar to the differences between Internet and intranet. The Internet is an open public space that anyone can tap into, while an intranet is designed to be a private space. Both bitcoin and ethereum are public blockchains. All transactions on a blockchain must be validated and embedded in data blocks, which essentially form the blockchain. Since the creators of public blockchains likely do not have the processing capabilities to handle all the transactions alone, miners step in. Miners on public blockchains need a reward for verifying transactions, therefore, cryptocurrencies are necessary for the operations of public blockchains. On the other hand, private blockchains are internal networks that are tightly controlled and do not require the need for a robust network of miners to verify transactions/blocks. Private blockchains are primarily used for business application where access to the chain is limited to certain parties. Cryptocurrencies are not a necessary component for most private blockchains.
2) Regulators are keeping their eyes close to cryptocurrencies and are trying to regulate them. However, they have shown very supportive attitude towards the development of blockchain technologies. At this point, the consensus view is that: at some point down the road, blockchain will revolutionize part of, if not the whole, society. Regulators may frown upon cryptocurrencies given their speculative nature, but they have also come to realize that they cannot afford not to embrace blockchain technologies. In December 2017, Janet Yellen called bitcoin as a “highly speculative asset”. As to a government-issued digital currencies, she commented ”While we’re looking at research on this topic, there are, I think to my mind, limited benefits from introducing it, a limited need for it and some substantial concerns.” Blockchain technologies have definitely started being adopted across multiple departments in the US government. The U.S. Army Medical Research and Materiel Command, The Department of Defense Transportation Command, The Food & Drug Administration all have issued notices saying they would looking into potential application of blockchain technologies.
Why should you invest in blockchain technology stocks?
1) Blockchain technology is not a fad. Many of the applications have passed the proof-of-concept stage, and started being adopted for social and business uses.
2) It is investing in the next “big thing”. Talking about blockchain today is like talking about the Internet back in the 90s – it is just difficult for people to imagine its specific applications. But most of us can see it being broadly applied.
3) Unlike cryptocurrencies which are highly speculative, the development of blockchain technology has its fundamentals. So far, it has been hard if not impossible to time all the cryptocurrencies. On the other hand, investing in blockchain stocks comes down to understanding applications of the technology and evaluating businesses, which can be much more predictable.
4) You may say, well, a lot of this blockchain stocks sell off when the cryptocurrency market melts. True. But investors panicking over their blockchain stock holdings when the cryptocurrencies are down just indicates how naïve those investors are – they look at blockchain stocks as another way to profit on cryptocurrencies, which is totally wrong. And if anything, it means opportunities for better educated investors.
5) Opportunities are yet to come. The realm of public blockchains and their native assets is most relevant to the innovative investor at this stage. Private blockchains have not yield an entirely new asset class that is investable to the public. However, with the rise of blockchain technology, I believe this will come, and it will create new investment opportunities.
That being said, don’t just throw your money into any start-up companies that have the word "blockchain" in their names. There are a ton of garbage stocks out there doing nothing in blockchain and just waiting to monetize on stockholders’ hard-earned money.
Investing in blockchain technology stocks is no easy task, it requires a lot of due diligence. One of the most basic questions investors need to ask is: Does the blockchain technology project make sense? This applies to both public and private blockchains. For example, STEEM is a public blockchain many investors are familiar with (Currently, it is among the top 20 cryptocurrencies in terms of market cap.) STEEM aims to offer a blockchain-based social media platform, where users can earn rewards through activities such as posting. But, think for a second. Do we need a decentralized Facebook? If not, well, this is exactly what STEEM does. This spells out the biggest challenge many investors face. We all agree that blockchain will become a big thing, but not every company needs to get on a blockchain and not every company will benefit from a decentralized system. Unless the management actually understands blockchain technology and how their company in particular will benefit from it, many of their new initiative on blockchain could just be noise. And it is investors' job to filter through it.
Moreover, don’t expect a 200% return on your blockchain technology stocks in a year if you invest in the companies like Intel, Amazon or Walmart. I get it, all of the giants have said they are engaging in blockchain, and I believe they have the ability to come up with interesting things. But how much of they company earnings will be driven by the blockchain initiatives? And what’s the fraction of that will be translated into their stock prices? Tiny, probably.
So, after all this talk, here is one stock I like a lot - LeoNovus (TSX.V: LTV). I have been following the stock for four months now. The company has undergone rapid growth in the one year time since it launched its first product. The company is offering specific solutions to cloud data storage using blockchain technology - this project has broad applications; and cloud data storage can be truly made more secure yet accessible with blockchain technology. On the technical front, LTV is partnering with DTL Labs, the company behind Enterprise Ethereum, IBM’s Fabric, R3’s Corda, and JP Morgan’s Quorum. On the application front, LTV has signed contracts with the Government of Canada, one of the Canadian leading banks, a leading Canadian college, and a global healthcare data provider to install their platform. As a start-up company that only started selling its products less than a year ago, these are significant achievements. The stock has been recently sold off a lot with the broader crypto sell off, even on the backdrop of great new developments. To me this is a buying opportunity.
For more details on the company, keep reading...
Leonovus is a blockchain-hardened software-defined cloud storage solutions provider for enterprise. Their patented algorithms virtualize, transform, slice and disperse data across a network of on-premises, hybrid or multi-cloud storage nodes, which allows for secure object-based data storage that across the entire solution. The architecture is designed to minimize latency, optimize availability, reduce remote backup costs and meet data sovereignty requirements.
They have strong management team! I dug in on their employees profile and found most of them have strong IT architecture and software background, this is especially true for those who at the top of the company structure. So many of the start-up blockchain companies are ran by people in the financial industry. Well, no offense, as I am also one of the capital market employees, but really, how much do we actually know about the technicals to develop a great blockchain project. Very little I would say.
Leonovus launched its first product at the beginning of 2017. Within one year, the company has undergone rapid growth in product development, sales, as well as partnership. Here is a timeline of major events: January 10, 2017 - Leonovus launched its software-defined object storage solution solving security and compliance requirements for enterprise cloud storage. The solution is designed to bring enterprise cloud users an increased level of data security, recoverability and compliance across any combination of cloud storage solutions. The solution is hardware and software agnostic, which cuts implementation costs for enterprise. As an Oracle Gold Cloud Partner, Leonovus complements Oracle’s storage solution offerings by bringing GRC (governance, risk management and compliance) to Oracle’s IaaS (Infrastructure as a Service) cloud storage solutions and providing a foundation for enhanced GRC in all of Oracle’s cloud PaaS (Platform as a Service) and SaaS (Software as a Service) solutions.
January 30, 2017 - The software-defined object storage solution is in trials by one of the largest public colleges in North America to ensure its sensitive data meets compliance standards and remains secure within the cloud. Leonovus will begin with the institution’s multi-cloud environment in late February 2017, with the potential of being implemented into the other 24 post-secondary schools within its peer network over the next 24 months.
June 21, 2017 - The new product, Leonovus 365, targets the installed base of 89 million Microsoft 365 users. It provides Microsoft 365 with advanced security and compliance features, and it can pool the cloud storage from all the OneDrive licenses into one managed cloud storage instance. Users are able to achieve advanced collaboration in Leonovus 365.
September 26, 2017 - Leonovus announced enhancements to its existing data storage solution via the integration of blockchain technology. The company’s core technologies offer scalable distributed data storage with improved security, governance, and compliance while reducing costs, risk and providing additional defense against cybersecurity threats. The utilization of blockchain technology further enhances its effectiveness. The company’s previous adoption of blockchain technologies:
1st - In 2014, the company produced and deployed a managed, loosely-coupled blockchain computation pool built from available idle resources. The system managed both public and private blockchain computation on thousands of low/no-cost computing cores across North America with only a few clicks of a mouse from a browser-based dashboard.
2nd - In 2014, the company leveraged its proprietary distributed computing technology to mine digital currency from low-end distributed devices.
October 4, 2017 - Leonovus partnered with DLT Labs to accelerate the engineering of the blockchain components of the storage solution. DLT Labs is a global leader in implementing permissioned and non-permissioned blockchain solutions for enterprises. The Lab has extensive enterprise experience and expertise with all distributed ledgeblockchain technologies including Enterprise Ethereum, IBM’s Fabric, R3’s Corda, JP Morgan’s Quorum, and etc.. During one interview with DLT Labs, they expressed firm belief that Leonovus would continue market leadership in the field.
October 23, 2017 - Leonovus signed a proof of concept agreement with one of Canada’s “big six” banks (For those who live in the U.S., Canadian banking sector is entirely dominated by the six biggest banks, and there are not regional banks.) Leonovus will install its blockchain-hardened software to assist the bank in developing a multi-site data storage management fabric with data security, performance and compliance metrics that meet the bank’s data governance policies. Leonovus will also help the bank to leverage and maximize its current storage assets to form a secure and compliant private cloud storage network that will dramatically reduce data storage costs while increasing data security.
November 3, 2017 - Leonovus signed a proof of concept agreement with a global health data services company. This project will help deliver an improved user experience to the 20,000 Citrix users. This project came from the challenge that data may reside in different geographical business zones. As such a business user who lives in the North American Zone may have to log in and pull a file back from the European Zone. Due to inter-continental latencies, pulling in data from another geographic zone provides the end user with a poor experience, causing frustration and potential delays. Leonovus blockchain-hardened can be the solution to this problem.
January 24, 2017 - After four months of technical and market evaluation by the Government of Canada (GOC), Leonovus is pre-qualified to receive up to $500,000 purchase order from the GOC. The next step is to choose the sponsoring GOC department. There is potential for three additional $500,000 purchase orders in 2018, paid from departmental budgets.
Other than the above-mentioned breakthroughs, Leonovus has committed to many new partnerships with established companies in IT infrastructure services, cyber security, and data providers, to further access the total market for the technology. These companies include: ZoneTI (Canada-based), Snowy River International (Canada-based), Storage Made Easy (UK-based), FlexTy Solutions Inc. (Canada-based), ApexIT (US-based).
Back in June 2017, Leonovus has started to follow Cryptographic Module Validation Program (CMVP), which is a joint American and Canadian security accreditation program for cryptographic modules. The program is for vendors who seek to have their products certified for use by the U.S./Canadian Government and regulated industries that collect, store, transfer, share and disseminate "sensitive, but not classified" information. The certification process is expected to be completed in eight to twelve months. This will help broaden the use of Leonovus’ products.
Last but probably the best point to buy LTV today is...
A momentum trade is also likely to push LTV stock higher tomorrow. The very first Canadian blockchain technology ETF (TSX: HBLK) is about to start trading on Feb 7th, 2018. LTV has a significant weight in the ETF portfolio. Given the high demand in blockchain ETFs, I expect the ETF will start trading with high buying volume. For each unit of the ETF sold, the ETF provider needs to go buy the corresponding number of underlying stocks to back it up. For emerging companies such as LTV, if the ETF has high trading volume, it will definitely drive up the demand for the stocks. Just to give you a rough measure. When the first marijuana ETF (TSX: HMMJ) hit the Canadian market back in April 2017, we witness some smaller names in the portfolio getting pushed up 20% in the week following the launch. And HMMJ marked the top net inflow ETF in Canada in 2017.
submitted by timethcaper to wallstreet [link] [comments]

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Fidelity Bets Big On Bitcoin On CNBC

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