Good news for India’s crypto scene: Binance acquires WazirX

Binance, one of the world’s biggest cryptocurrency exchanges, has announced its buyout of the exchange WazirX, marking their entry into the Indian market. Binance is a leading cryptocurrency trading platform with more than 100 cryptocurrencies available and is considered to be the largest exchange in terms of volume.

In an interview with crypto guru Stefania Barbaglio for FinancialFox, WazirX CEO Nischal Shetty talked about the deal and how it will impact the crypto world in India. The crypto scene is one of the largest and most exciting areas in terms of potential for growth and mass adoption.

“This is not just good news for WazirX, but also great news for crypto ecosystem in India,” says Nischal about the recent announcement. The CEO believes that Binance is the ideal partner as the two companies share the same mission of widening cryptocurrency access to as many people as possible.

WazirX was the first exchange to create an auto-matching peer-to-peer engine to help traders convert Indian rupees into crypto and vice versa. According to a statement, this is a first-of-its-kind acquisition of an Indian crypto exchange by a global player in the industry.

The buyout statement says that the entry into the Indian market represents a step into allowing cryptocurrencies to be part of developing economies: “The next phase of mass adoption of cryptocurrencies will arise from developing nations around the world. India, with more than a billion people, is primed for massive crypto adoption and this acquisition by Binance gives us the opportunity to not only cater to India but every developing nation where fiat on-ramps have to be built.”

Nischal Shetty was a guest on our show nearly a year ago, when he talked about the difficult relationship between Indian regulators and pro-blockchain businesses. Nischal started the campaign #IndiaWantsCrypto to attract the attention of businesses, regulators and campaigners. Shetty believes that implementing positive regulations and allowing Indian people to integrate the digital currency economy will bring wealth and millions of jobs, creating a big boost for the national economy:

While India has one of the largest unbanked populations in the world, it also has one of the largest numbers of smartphones in the world, and cryptocurrencies act at the heart of this disparity. The country has more than half a billion internet subscribers, making it one of the most important for digital consumers, yet Indian authorities seem reluctant to allow the use of cryptocurrencies in the country.

A ban on cryptocurrencies issued by the Indian Central Bank, RBI, has caused many Indian-based exchanges to move operations to crypto-friendly countries such as Singapore, Hong Kong and Switzerland.

Nevertheless, the Indian government has acknowledged and welcomed the advantages of implementing blockchain technology into systems. It is reported that approximately half of the states in India have integrated blockchain projects into their administrations to optimise various public services.

Other blockchain enthusiasts seem positive about the news of Binance entering the Indian market. In an interview for Cointelegraph, Varun Sethi, the founder of Blockchain Lawyer, said: “The acquisition of WazirX by Binance should be construed as a positive step since this would help assembly the defragmented efforts to approach regulatory authorities for bringing in place regulatory framework. Also global experiences of Binance dealing with other government and their subsequent change in stance towards a pro crypto approach, may well be the trigger that India needs to head in the right direction for such regulations.”

Watch the full interview:

https://youtu.be/C_C62FrOeuk

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The future internet, built on blockchain: Decentralisation, security and privacy

In the latest episode of FinancialFox, Crypto Guru Stefania Barbaglio connects with Jared Tate, founder of DigiByte and author of Blockchain 2035: The Digital DNA of Internet 3.0. Aimed at both professionals and the layperson, the book explores the possibilities of the new blockchain-powered internet age.

The DigiByte founder has long talked about the power of decentralised technologies and “blockchain’s ability to recreate the architecture of the internet.” In this book, co-authored with Andrew Knapp, founder and CEO of VESTi, Jared dives deep into the world of blockchain and its potentiality.

Blockchain is one of the most innovative technologies to have surged in adoption over recent years. The industry has received substantial investment and is rapidly developing its products and services to fit the demands of an ever-more digital world. The applications of blockchain are diverse, ranging from financial services to healthcare to digital identities.

Blockchain 2035 addresses exactly this. “It’s a very dynamic book,” defines Jared Tate, highlighting that his work combines explanations about the technology and its applications, as well as geopolitics and the digital economy. The book is a first of its kind, detailing the pivotal role of blockchain in the future of the internet and digital systems.

Jared discusses the challenges inherent in blockchain development, such as scalability, and how DigiByte has evolved to address vulnerabilities and improve its structure. DigiByte is one of the most secure and decentralised UTXO blockchains available on the market due to its constant updates and enhanced features.

Blockchain has immense industrial and technical value and the industry is highly capable of reinvention and improvement.The purpose of deploying blockchain is to enable faster, more secure user-centric systems.

On the issue of quantum computing, Jared debunks some myths around the subject and explains its potential impact on blockchain services. He questions the feasibility of quantum computers becoming mainstream in the near future, while acknowledging that it is a powerful technology with interesting applications. In terms of the challenge it could pose to blockchain technology: “We already have projects working to quantum-proof their blockchains, like DigiByte. This industry has been on the cutting edge of security innovations and I believe this will continue to happen,” Jared comments.

Discussing the current issues in data management and privacy, Jared believes blockchain has an important role in protecting data as he outlines DigiByte’s work with digiassets, a system built on DigiByte technology that allows for the application of decentralised technologies to digital identity and safe management of digital assets.

“By 2035, our world will have changed substantially, and decentralised blockchains will have been a big part of that. Blockchains will serve for everything we use in our day-to-day lives, from being a source of trust for businesses to working as a check on advanced AIs. New monetary alternatives that blockchain supports will impact governments, large corporations, and banks, especially in an era defined by overwhelming debt and quantitative easing.”

You can order Blockchain 2035 here: https://blockchain2035.com/collections/all

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Watch the interview

https://youtu.be/AcLTiAIAvSE

Quantum Computing: dawn of a new tech era?

Much has been said about quantum computing since Google revealed that it has achieved ‘quantum supremacy’. Last month, the search giant reported its quantum computer, called Sycamore, was able to solve a mathematical calculation in 200 seconds — a similar task would take a supercomputer 10,000 years.

Although the concept of quantum physics originated in the early 20th century, we have not yet seen any practical applications of this technology as scientists are still studying its structure and examining its potential. Quantum computers, if they become a reality, could operate well beyond the limits we know today and offer exponential gains in computing power.

Quantum computers use quantum bits, or “qubits”, instead of “bits”, which are the currency of classical computers. While a classical bit has a value of either 0 or 1, a qubit can be both and everything in between: based on the quantum principle known as superposition. Unlike classical computers, quantum computers can many calculations simultaneously, meaning that a quantum computer‘s capabilities increase exponentially.

“Quantum computing represents an emerging technology where the performance could be exponentially better than what is capable today from a classical computer. The hope is that with this technology, in about 10 to 12 years, we have a quantum computer capable of doing something that no computer on earth can do in any amount of time,” said Jim Clarke, Director of Quantum Hardware at Intel, in an NBC interview in 2018.

The race to conquer quantum technology is already taking place: iIBM and Google are leading way the in the US, while D-Wave in Canada is another main player. Meanwhile, China is heavily investing in quantum research and development to achieve its goal of being a global leader in innovation by 2035, Japanese companies like Toshiba and Hitachi are getting involved in the quantum space, and the European Commission has made quantum technologies a priority in the digital single market.

Quantum technology is indeed powerful and promising: once fully developed and harnessed, it could allow for new systems to take over virtually any industry. However, it is still early days, so it might still be some time before we see any day-to-day applications of quantum computing. There are limitations to be overcome, like the fact that qubits are fragile and require a highly controlled physical environment with temperatures close to absolute zero. Some of the most immediate applications of quantum power would be for machine learning development, communication and cryptography.

The calculation carried out by Google’s Sycamore used 53 superconducting qubits and is not useful in daily life. At the moment, quantum machines can perform very simple algorithms. Experts say that a realistic time frame for quantum computing to have a measurable impact is about 10 to 15 years from now, but growing investment and government incentives could accelerate this process.

“Sometimes people think: okay, it went fast with mobile phones, it went fast with this and that, so maybe in a few years I will have my own quantum computer in a mobile phone. I think this is simply not realistic.” Kristel Michielsen, a Quantum Information Processing professor and researcher at Jülich Forschungszentrum, in Germany, told DW in an interview.

A threat to blockchain technology and crypto?

The announcement of Google’s quantum breakthrough set tongues wagging in the blockchain and crypto community. Could the reality of quantum computing end up wiping out the developments and benefits of blockchain technology?

Blockchain is made of encrypted nodes interconnected on a chain, which currently makes it almost impossible to hack, whereas Quantum computers in fact represent a risk to all encryption systems. The way to break into an encrypted system is to calculate a private key using the public key — a very difficult feat for conventional computers, but achievable by quantum machines.

According to the MIT Technology Review, quantum computing would be able to hack the cryptography hash that universally secures the blockchain and the internet in general. This could enable quantum computers to perform fraudulent transactions and break down internet security as we now know it. The massive calculating power of quantum computers will be able to break Bitcoin security within 10 years, said security experts to MIT Technology Review.

Compared to other emerging technologies, such as blockchain and artificial intelligence, funding for quantum computing is relatively low. This is because the impact of AI and blockchain is much more immediate and we can see the applications right now. But this reality coulds change as the impact of quantum power become more evident.

Is blockchain able to resist against quantum computers?

PR Crypto Guru Stefania Barbaglio will be speaking with blockchain experts Jared Tate and Jean-Phillippe Baudet, and Quantum Physicist Andre Xuereb along with Frank Dumas about what the emergence of quantum computing means for blockchain and the tech scene. Full episode releasing soon. Stay tuned!

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ZeU Crypto Networks Launches Blockchain-based MulaMail

Considering the modern internet’s many vulnerabilities, it’s safe to say that traditional email systems don’t score highly on security. Traditional email is fast becoming obsolete, with its authentication carried out via username and password only, while the information itself is stored in plain text on the server. Nevertheless, email remains one of the most widely-used communication platforms. In 2018 alone, the number of global email users amounted to 3.8 billion — a figure set to grow to 4.4 billion in 2023, further highlighting the need for an improved system.

In a traditional email system, the transfer of messages from sender to recipient passes through multiple computers between the two points. In addition to the user, many other parties, including mailbox holders, email service providers, and even the network provider may have access to the mail. They could, in theory, modify the content of emails without notifying the user.

In the current email transmission process, the content data is encapsulated in clear text and exposed to universal ports, leaving the data open to easy interception. Network monitoring equipment or software could seize email data information.

In addition to issues around access security, email systems’ data is stored centrally, so vulnerabilities in a storage service may compromise private content. Failure of email services, either through software or hardware failures, may also lead to loss of meaningful communication. After accessing the computer through these vulnerabilities, an intruder can readily obtain the email address and corresponding username, password, and email content. If there is an email address book, the contact information of those users is also exposed.

Creating a secure email system requires more than just data encryption. Such a system would encompass security between the sender and receiver, and the encryption of data between email servers. It would also contain mechanisms to prevent email domain spoofing, verify that messages have been sent from valid domains, and encrypt transactions between email servers that forward email for delivery.

The solution to reducing and removing these vulnerabilities lies in the combination of blockchain technology and email technology so that the blockchain authenticates both the sender and the recipient of the blockchain email.

ZeU Crypto Networks has launched MulaMail, a fully protected, end-to-end encrypted email and messaging system built on blockchain technology.

Benefits of MulaMail

· Built on blockchain: Mula provides privacy and security.

· Reclaimed privacy: Messages remain fully private and cannot be scanned or read by anyone one than the user, not even the company, big tech or government organisations.

· End-to-end encryption: MulaMail is encrypted, so users control their encryption keys, making data secure both for user and recipient.

· Immutable: Mula is blockchain-based, it records emails forever so they can never be lost.

· Spam-free: Mula uses a whitelisting approach whereby the sender needs permission to communicate with the user, so users never receive any unwanted emails.

· Rewards: Mula will offer exclusive rewards for early adopters and influencers.

Advantages of blockchain-built email

These systems offer unparalleled levels of security while ensuring that your messages will never be lost, deleted or altered. Because the blockchain email system’s database cannot be corrupted, there would be no loss of information or messages. Messages sent and received via blockchain-built systems cannot be modified.

Furthermore, there is no central email server, which means increased security and less vulnerability to hacking and theft. The blockchain network is verified and authenticated by each member, which means that malicious actors would not be able to impersonate other users. It would be more difficult to send spam messages since these messages would need to be verified.

The need for privacy

Users’ internet records are retained, which means users are under constant surveillance. The internet service provider companies, telecom operators, and communication service providers may store your data for an extended period of time and make it accessible to authorities. Any internet activity connected with a specific IP address leaves an electronic footprint that everybody, from the ISP to Google, can use to monitor a user. Most online services keep records of your details under the guise of improving user experience, which, in effect, puts users under surveillance. The promise of blockchain-based email is unprecedented privacy.

Challenges of blockchain-built email

Some limitations still need to be overcome for blockchain-built email to become widely adopted. One of the main challenges is the compatibility between blockchain and standard email systems. To ensure a message and its content does not leave the blockchain and is therefore kept safe and private, blockchain email services have to develop unique solutions.

Furthermore, blockchains are generally not built to transfer or store large attachments, a feature that could limit the use potential of blockchain email systems. Bitcoin, for example, uses a blockchain that was 210GB as of April 2019. While that may seem like a large database, it cannot accommodate typical mailbox sizes. The average email is 75KB and considering there are 102.6 trillion emails sent every year, it means that a blockchain email platform with even a small number of users would quickly run into storage problems.

Overall, successful blockchain email systems will require more than just technical accomplishment. They will need to prove that they are more practical than traditional email and social media, meaning that they must provide high user-value to get traction in the market.

PR and Crypto Guru Stefania Barbaglio will be speaking with Jean-Philippe Beaudet, CTO, Zeu Crypto Networks about the benefits of Mula Mail and why blockchain based email and messaging system is a priority in today’s world to secure our personal data. Full episode releasing soon !!
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FINANCIAL FOX : BLOCKCHAIN, DIGITAL ASSETS, BIG DATA AND MARKETS- WHAT YOU NEED TO KNOW !

FINANCIAL FOX : BLOCKCHAIN, DIGITAL ASSETS, BIG DATA AND MARKETS- WHAT YOU NEED TO KNOW !

The internet era as we know it really started in the early 2000’s, riding on the wave of the first high-processing computers.

The dawn of the internet has not only brought advances to society but has also ushered in a digital revolution that is still transforming how the world operates. With people getting more comfortable with the technology almost 20 years later, there’s now a plethora of use cases offered by high-performance devices. DLT, blockchain, digital assets, big data and AI are the new disruptive elements in today’s digital revolution.

AI and Blockchain are becoming more seamlessly integrated and enhanced each day and their use in various applications is changing the world as we know it.

Automated ledgers have already started to replace manual book keeping methods, the implications of which have already made waves in the fintech industry: Banks and other financial authorities sent ripples through to experiment with blockchain to upgrade their business models and offer greater ease operability to their consumers; investors are (gradually/tentatively) venturing away from traditional assets towards crypto assets; and Big Data has become the new oil, with data security and privacy a major issue to be grappled with.

In the upcoming Financial Fox, Founder Stefania Barbaglio will be hosting a special programme Everything you need to know about Blockchain, Digital assets, Big Data and Markets, focusing on the technology revolution and its implications. Distributed ledger technologies like blockchain are currently transforming industries and revolutionising the ways companies and governments operate. Decentralised applications and smart contracts are being used more and more across a variety of use cases for businesses, governments, individuals and even IoT devices.

FINANCIAL FOX : EVERYTHING YOU NEED TO KNOW SERIES ( PART 1 )

This exclusive Financial Fox episode will welcome four forward-thinking experts in the technology field. Part One will see Stefania speak with Jean-Philippe Beaudet, Director and CTO of Canada based Zeu Crypto Networks and James Bennet, CEO of Byte Tree. Both Jean-Philippe and James have been recognised for their immense contribution to the blockchain and digital assets space.

Jean-Philippe Beaudet, Director & CTO Zeu Crypto Networks

Jean-Philippe Beaudet is an experienced gaming developer who has researched natural language processing for Luminary, a private American research lab. Cultivating an interest in machine learning and decentralised technology led him to co-found S3R3NITY Technologies, a technology incubator from which he launched numerous start-ups. He was an early enthusiast of blockchain technology and contributed to major projects such as a Bitcoin brokerage platform and a marketing data analytics tool for financial institutions. Identifying the opportunity to marry blockchain technology with artificial intelligence to meet the need for a decentralised data market, he founded VN3T. He is also the President and Chairman of VSEKUR. He is an advisor on multiple blockchain initiatives and a regular conference speaker.

James Bennet, CEO Byte Tree

“James moved into the crypto-asset space in early 2017 after completing a financial management program at General Electric. Initially working as an independent consultant, he founded crypto-asset consultancy Bitassist, where he worked on a number of high-profile projects. James is currently the CEO of on-chain analytics platform ByteTree, where he leads the product development and commercialisation of the ByteTree investor terminal.”

FINANCIAL FOX : EVERYTHING YOU NEED TO KNOW SERIES ( PART 2)

Part Two will have more emphasis on blockchains, digital assets and their impacts on the markets in a conversation between Stefania; Michele Curtoni, VP, State Street’s Digital Product Development and DLT team; and Pietro Lanza, General Manager at Intesa, IBM.

Michele Curtoni is VP in State Street’s Digital Product Development and DLT team. Prior to this role, he was manager and strategy leader for LSEG Emerging Technologies group. Michele currently focuses on working in the Distributed Ledger Technology (DLT) and Digital Assets space, a field he has been active in for the past 4 years. In his roles to date, Michele has covered many aspects of the innovation cycle, from working on implementing business applications and proof of concepts with emerging technologies, to start-ups and wider Fintech space engagement. For over four years, he also held a central role in LSEG Group Strategy division, overseeing several of the Group’s high profile acquisitions and corporate partnerships as well as other Group strategic initiatives. Michele holds an MSc from the University of Warwick in Economics and International Financial Economics (EIFE).

Pietro Lanza is an experienced manager with a demonstrated history of working in the financial services, management consulting, technology solutions and internet industries.
After supporting several banks in developing their digital strategies he is now involved in relevant projects across Europe, USA, Latin America, Middle East and China. He is extremely passionate about Blockchain, AI and IoT.

This is a must-watch episode if you want to keep up with the dynamic aspects of new technologies. Subscribe to our YouTube channel : https://www.youtube.com/channel/UC7ji33FsDOBxWmQNVEEBw2Q and become a part of our growing crypto community.

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Blockchain Life 2019: Microsoft, Huawei and Venezuelan government at Blockchain Life 2019 on…

Blockchain Life 2019: Microsoft, Huawei and Venezuelan government at Blockchain Life 2019 on October 16–17 in Moscow

News about Blockchain Life 2019

Blockchain Life 2019 takes place in one week. The organizers have already sold over 4000 tickets. Among speakers are the founders of top blockchain and crypto companies, investors, developers, crypto traders, CEOs of projects, entrepreneurs and businessmen. The following keynoters are also joining the upcoming event:

  • Leading technology expert at Microsoft in Russia Konstantin Goldstein;
  • CTO of Huawei Jorge Sebastiao;
  • Venezuelan delegation El Petro — 1st national cryptocurrency’s creators.

Microsoft, as well as other renowned world IT companies, strives to develop the blockchain ecosystem around the globe. Konstantin Goldstein (Microsoft) has 16 years of experience in the IT industry and speaks about “Blockchain Consortiums — New Paradigm of Enterprise Collaboration” at Blockchain Life 2019.

The European Blockchain Life’s programme includes talks from the top management of leading industry companies: Binance, Listing.help, BitForex, IOTA, Oracle, Dash, Huobi, Tron, Kaspersky, VTB and others.

The forum’s programme and the full speakers’ list are available at https://blockchain-life.com

The international listing agency Listing.help is the organizer of the global forum. The general sponsor is a cryptocurrency exchange BitForex.com.

Purchase tickets to the global forum Blockchain Life 2019 before the next price increase at https://blockchain-life.com.

Unlocking the new digital economy: The Internet of Blockchain & Evolution of Digital Assets

Over the recent years, blockchain has evolved and entered different markets beyond digital currency. Blockchain technology is now understood as an enabler for faster, more secure and efficient systems. Its uses are indeed so varied that blockchain can be deployed to power the next generation of the Internet: the decentralised web, or web 3.0.

The current architecture of ‘web 2.0’ is user-friendly and familiar. However, as most internet users are now starting to realise, this system has come at a cost: centralised control over data. At the moment, companies like Google and Facebook ̶ the so-called ‘Big Tech’ ̶ act as central databases for an enormous amount of user information.

However, the recurring stories of privacy and data abuse have shown the need to create a new internet structure: an environment in which users have control over their information. In comes blockchain: Web 3.0, powered by blockchain technology, will be decentralised and therefore user-centric, with the potential to break the influence that large and private corporations currently hold over the digital environment and the information contained within.

In the new episode of #FinancialFox Crypto Show, Crypto PR Guru Stefania Barbaglio was joined by a panel of three experts working on innovative projects based on blockchain and other disruptive technologies. They discussed the internet of blockchain and recent developments of digital assets. The panel included Josiah Spackman, Chief Fun Officer of DigiByte, who has been central to DGB’s project development and awareness. With over 9 million blocks and a reduced transaction time of under 15 seconds, DigiByte is one of the longest, secure UTXO blockchains available in crypto. The second guest was Jean Paul Beaudet, the tech guru and the brains behind the Canadian blockchain developer Zeu Crypto Networks, a tech company working on the next generation of blockchain. The third guest, Emal Safi, is the CEO of Aircoins, the largest Augmented Reality (AR) Crypto platform in the world.

Web 3.0: The Internet of Blockchain

“There are a lot more things we can do with blockchains that just payments. This is just one of the many uses of blockchain,” said Josiah about the possibility of a decentralised internet. Blockchain is a dynamic and scalable technology; once applied to the structure of the web, it is poised to turn it into a decentralised platform, challenging the role of the big tech companies.

Building on blockchain, Internet 3.0 would not require centralised servers to store information, as it is structured in a peer-to-peer network of nodes. On this network, data is then distributed across the participant nodes. This is a more efficient architecture because it offers better verification processes and it is less susceptible to corruption on corporate and regulatory levels.

At the moment, projects are being developed and discussions are taking place, but the internet of blockchain is yet to become a reality. As much as this new phase of the internet is a real possibility, it is still in its development stage, so it is necessary to create connectors that will allow different blockchain protocols to interact and work together, Jean Paul from ZeU Networks points out: “Blockchain is indeed a revolutionary technology, and the distributed ledger internet is on its way but it still needs a big industry solution to connect the old world and the new world.”

One major concern affecting the widespread adoption of blockchains is limited privacy: although blockchain provides pseudo anonymisations by analysing the transaction graph and related other information, it is often possible to link users to transactions. Once one transaction is linked to a user, all of that user’s transactions become known. Since blockchain transaction data is public or shared across a larger group, in the case of permissioned-blockchain, blockchain is riskier than using a credit card in terms of privacy. This could be a factor preventing mass adoption. Digibyte has solved this issue by inventing the Dandelion feature, which aids in obfuscating the sender’s IP address in the DigiByte blockchain. Launched in May, the Dandelion made DigiByte the first major UTXO blockchain to implement such a privacy-enhancement tool.

Enhancing operability of blockchain

Jean Paul, from ZeU Crypto Networks, highlighted the limitations of current blockchain technology, such as scalability and interoperability. Most of the current forms of blockchains face problems of scalability and interoperability due to the mechanism of the distributed ledger technology, which means that processes are lengthier than they should be and different ecosystems may experience problems working together.

ZeU has been working on solutions to this and has released a blockchain patent that paves the way for the next generation of blockchain technology. The company filed a patent for a decentralised transactional communication protocol, which promises to be a breakthrough in the decentralised ledger technology. The New Internet Communication Protocol will enable a smoother transition of legacy systems into the distributed digital economy, or Web 3.0.

The new protocol announced by ZeU marks the chapter of a new era in the distributed ledger technology (DLT) as it aims at total decentralisation and smart contract use cases. Developed by ZeU, the Decentralised Transactional Communication Protocol (DTCP) is a grassroots alternative to tackle DLT-based industry problems such as interoperability and scalability. It enables any number of participants to communicate in a transactional way. Blockchain applications are complex and difficult to understand for developers, so ZeU offers a modular framework for dapps to be built on the ZeU blockchain in an easy and efficient manner as the the new protocol DTCP helps with the interoperability.

“DTCP is a tokenless and blockless scalable economic model to enable the legacy system to offer a smooth transition into the new distributed digital economy,” says Jean Paul Beaudet.

The evolution of digital assets

The speakers also discussed the growing role of digital assets and the integration of new technologies into blockchain platform to create improved experiences.

In this respect, Aircoins has been a major force in combining augmented reality with cryptocurrency. It recently partnered with cryptocurrency Dash to distribute the coin in various parts of the world via their Augmented Reality app. This innovative model opens up new engagement forms and improves user experience.

Talking about Aircoins, CEO Emal talked about augmented reality (AR), an increasingly present technology. The Aircoins App is a modern-day treasure hunt that uses 3D and AR/VR technology to ‘capture’ cryptocurrencies with one’s mobile phone. With the app, users can hunt, collect and send cryptocurrencies to one another.

Aircoins’ aim is to bring more people into the cryptocurrency world, and they decided to do so by engaging with the audience in a fun and interactive manner: “There are different ways to work with digital assets and cryptocurrencies. We are doing it with rewards points in augmented reality. AR brings a new memorable, visual experience,” said Emal.

There are plenty of digital channels an organisation can use to reach more people, and digital assets can improve user experience. Josiah gives the example of producing content online and rewarding users with digital assets as a way of interacting with online communities.

Emal highlights the potential in the gaming sector of looking at the value of digital and crypto assets. Gamers are essentially very tech-savvy and are used to handling tokens and virtual money: “Gamers are very inclined towards how the new economy is working,” Emal said. The gaming industry is growing at a fast pace: in 2018, it generated nearly $135 billion in revenue. This value can be unlocked with the use of digital assets, revealing the potential value digital assets could bring to businesses, services and users.

In terms of about the importance of digital assets, the panel noted that increasingly, blockchain technology is playing a role in the tracking and recording of ownership of physical real-world assets, such as documents, contracts, precious objects, and even real estate, effectively digitising them as well. Since blockchains are tamper-resistant, making it impossible to meddle with a record once it’s been broadcast to the network, blockchain is a highly efficient system for proving ownership and authenticity. Blockchain can remove the middlemen and the potential for data tampering at any stage. This means it can also remove any doubt over the authenticity of ownership. Blockchains can be the perfect means for tracking ownership of just about anything from luxury goods to private equity.

Watch the full interview to learn more about internet of blockchains and digital assets, and hear about these innovative projects

Fashion companies focused on Supply Chain Transparency and Blockchain

Transparency is a pressing issue in the fashion industry today. As a solution to this hot topic, blockchain in the fashion industry is being increasingly used to not only increase intellectual property protection for designers and companies but also to rapidly trace the entire journey of the finished product as it travels through the distribution chain right from the initial raw material stage up until it reaches the consumer, thereby giving rise to greater clarity about its origins for both brands and consumers alike. Companies are thus steadily working towards ensuring greater visibility and transparency of the workers in supply chains, the business relationships therein and publicly communicating about the initiatives they are taking to ensure sustainability across the supply chain.

In 2019, 200 fashion brands and retailers took part in the Fashion Transparency Index study which showed that sportwear and outdoor brands were leading the way on the transparency front. The 5 brands who scored the highest on their supply chain transparency are Adidas, Reebok, Patagonia, each scoring 64%, Esprit with 62%, and fast-fashion clothing chain H&M scoring 61%.

As of 2019, only 10 brands are disclosing information regarding where and who are they getting their supply of raw materials like viscose, wool, etc. The brands are:

ASOS

C&A

Esprit

Lululemon

Marks & Spencer

Patagonia

The North Face (VF Corporation)

Timberland (VF Corporation)

Vans (VF Corporation)

Wrangler (VF Corporation)

Brands who have shown the highest improvement since 2018 in their level of disclosure of supplier lists overall to the public are Dior (up by 22%), Sainsbury’s Tu Clothing (up by 21%), Nike (up by 21%), New Balance (up by 18%), and Marc Jacobs (up by 17%).

This statistic shows the willingness of consumers to buy sustainable fashion worldwide in 2018. In 2018, 60 percent of respondents stated that they would buy sustainable fashion if it were the same price as normal fashion.

A blockchain software company named Provenance collaborated with London-based designer Martine Jarlgaard to produce, using blockchain technology, the world’s first tracked garment. Consumers in store, after scanning the label on the clothing items, could witness the history of the product and be certain about the sustainability of the raw material sources.

Courtesy : KPMG

Luxury brands, for example LVMH which is the world’s largest luxury conglomerate, are also embracing this technology to track luxury goods and prove their authenticity. Louis Vuitton and Parfums Christian Dior are the first two brands to go on board with LVMH’s blockchain platform called ‘Aura.’

Courtesy : Louis Vuitton

In the highly competitive luxury fashion sphere, the main role of blockchain is to help brands and retailers connect with each other who wouldn’t otherwise disclose information to their rivals.

In the diamond industry too, brands like De Beers and small start-ups like Taylor & Hart are making use of blockchain ‘to help trace their supply chains from mine to shop floor.’ While De Beers developed Tracr, an open-source blockchain platform by collaborating with five other diamond manufacturers, Taylor & Hart united with blockchain start-up Everledger to validate the provenance of its diamonds.

Also, built upon blockchain technology in the form of a peer-to-peer ecosystem is Fashion Coin, which is designed in such a way that allows a consumer to directly get in touch with any member involved in the garment creation process like the designer, model, stylist, etc. and be a part of the journey and invest in the early stages of product designing, while being incentivized via a specially built token.

As a defense to fakery, e-commerce giant Alibaba as well is developing a blockchain application which allows buyers to trace the journey of the product from the factory to their front door by scanning it, thus knowing if it is an original piece or not. Similarly, very recently the payments giant, Mastercard, announced about its new blockchain-based product tracking solution which, it says, would ‘provide a clear record of traceability’ as it is ‘designed to contribute to consumer confidence and trust by creating awareness of the authenticity of the product.’

The impact that blockchain is set to have on the fashion industry is huge but for that to materialize, considerable investment is required to construct the systems to support it. The real-time access to streamlined product information that blockchain technology provides will inevitably enable retailers to scrutinize stock status as well as customer feedback. Eventually, because of the surge in the blockchain-based platforms, deals struck with middlemen can be expected to slowly come to a halt as there will be more transparent communication between manufacturers, brands and the consumers.

As technologies are becoming more and more advanced and data privacy issues becoming a sensational topic, growing concerns about the revelations of personal data and its subsequent use for marketing purposes, are but rampant. Thus, secure and guarded technology platforms should be built and consumers should be given extensive insights into the workings of blockchain to ensure its success in the future.

For more such engaging content, please follow us on Twitter @Cassiopeia_ltd @_FinancialFox and subscribe to our YouTube channel: Cassiopeia Services PLC

Fashion companies focused on Supply Chain Transparency and Blockchain

Transparency is a pressing issue in the fashion industry today. As a solution to this hot topic, blockchain in the fashion industry is being increasingly used to not only increase intellectual property protection for designers and companies but also to rapidly trace the entire journey of the finished product as it travels through the distribution chain right from the initial raw material stage up until it reaches the consumer, thereby giving rise to greater clarity about its origins for both brands and consumers alike. Companies are thus steadily working towards ensuring greater visibility and transparency of the workers in supply chains, the business relationships therein and publicly communicating about the initiatives they are taking to ensure sustainability across the supply chain.

In 2019, 200 fashion brands and retailers took part in the Fashion Transparency Index study which showed that sportwear and outdoor brands were leading the way on the transparency front. The 5 brands who scored the highest on their supply chain transparency are Adidas, Reebok, Patagonia, each scoring 64%, Esprit with 62%, and fast-fashion clothing chain H&M scoring 61%.

As of 2019, only 10 brands are disclosing information regarding where and who are they getting their supply of raw materials like viscose, wool, etc. The brands are:

ASOS

C&A

Esprit

Lululemon

Marks & Spencer

Patagonia

The North Face (VF Corporation)

Timberland (VF Corporation)

Vans (VF Corporation)

Wrangler (VF Corporation)

Brands who have shown the highest improvement since 2018 in their level of disclosure of supplier lists overall to the public are Dior (up by 22%), Sainsbury’s Tu Clothing (up by 21%), Nike (up by 21%), New Balance (up by 18%), and Marc Jacobs (up by 17%).

This statistic shows the willingness of consumers to buy sustainable fashion worldwide in 2018. In 2018, 60 percent of respondents stated that they would buy sustainable fashion if it were the same price as normal fashion.

A blockchain software company named Provenance collaborated with London-based designer Martine Jarlgaard to produce, using blockchain technology, the world’s first tracked garment. Consumers in store, after scanning the label on the clothing items, could witness the history of the product and be certain about the sustainability of the raw material sources.

Courtesy : KPMG

Luxury brands, for example LVMH which is the world’s largest luxury conglomerate, are also embracing this technology to track luxury goods and prove their authenticity. Louis Vuitton and Parfums Christian Dior are the first two brands to go on board with LVMH’s blockchain platform called ‘Aura.’

Courtesy : Louis Vuitton

In the highly competitive luxury fashion sphere, the main role of blockchain is to help brands and retailers connect with each other who wouldn’t otherwise disclose information to their rivals.

In the diamond industry too, brands like De Beers and small start-ups like Taylor & Hart are making use of blockchain ‘to help trace their supply chains from mine to shop floor.’ While De Beers developed Tracr, an open-source blockchain platform by collaborating with five other diamond manufacturers, Taylor & Hart united with blockchain start-up Everledger to validate the provenance of its diamonds.

Also, built upon blockchain technology in the form of a peer-to-peer ecosystem is Fashion Coin, which is designed in such a way that allows a consumer to directly get in touch with any member involved in the garment creation process like the designer, model, stylist, etc. and be a part of the journey and invest in the early stages of product designing, while being incentivized via a specially built token.

As a defense to fakery, e-commerce giant Alibaba as well is developing a blockchain application which allows buyers to trace the journey of the product from the factory to their front door by scanning it, thus knowing if it is an original piece or not. Similarly, very recently the payments giant, Mastercard, announced about its new blockchain-based product tracking solution which, it says, would ‘provide a clear record of traceability’ as it is ‘designed to contribute to consumer confidence and trust by creating awareness of the authenticity of the product.’

The impact that blockchain is set to have on the fashion industry is huge but for that to materialize, considerable investment is required to construct the systems to support it. The real-time access to streamlined product information that blockchain technology provides will inevitably enable retailers to scrutinize stock status as well as customer feedback. Eventually, because of the surge in the blockchain-based platforms, deals struck with middlemen can be expected to slowly come to a halt as there will be more transparent communication between manufacturers, brands and the consumers.

As technologies are becoming more and more advanced and data privacy issues becoming a sensational topic, growing concerns about the revelations of personal data and its subsequent use for marketing purposes, are but rampant. Thus, secure and guarded technology platforms should be built and consumers should be given extensive insights into the workings of blockchain to ensure its success in the future.

For more such engaging content, please follow us on Twitter @Cassiopeia_ltd @_FinancialFox and subscribe to our YouTube channel: Cassiopeia Services PLC

Malta AI and Blockchain Summit: Connecting passionate innovators with cutting edge technology

Among the thousands of conferences and gatherings happening in the blockchain space, it can be a difficult task to find the right place to be for you to be. The Malta AI & Blockchain Summit (AIBC) is the place for those looking for the best connections and the great opportunities to learn about the latest developments of innovative technologies.

Considered one of the flagship Blockchain events, the Malta AI and Blockchain Summit brings together the most important names in the industry and showcases the state-of-the-art technology. The Summit is a bi-annual expo, covering topics relating to the global sectors for Blockchain, AI, Big Data, IoT, and Quantum technologies.

The third edition is to take place on 7th and 8th of November in St. Julian’s, Malta and is expected to have more than 10,000 global attendees, a great leap from its first edition in November 2018 which counted with 8,000 guests.

Some of the previous high profile and key note speakers include AI VIP Sophia the Robot, the world’s first robot citizen and John McAfee, the famous British-American computer programmer and businessman.

With the dynamism of the new technologies and innovations coming into play, the Malta AIBC summit promises to deliver on the ideals of blockchain, AI, quantum technology, big data and the internet of things. It creates an ideal environment and the perfect opportunity for investors, innovators and aspiring leaders to come together and help empower people.

In addition to the Spring and Winter main events, the Malta AIBC also offers opportunities through a number of global satellite events and networking gatherings, as well as producing a bi-annual publication and news site with in-depth interviews and related content, bringing brand exposure and visibility to companies and an educational peg for enthusiasts and new comers to the industry.

Malta has become the hub for innovation in Europe, earning the reputation of ‘the Blockchain Island’. The Maltese government is very forward thinking and keen on promoting technology developments on national level to spur economic growth. The authorities are deeply involved in the making and presenting of the summit and they use the summit’s international attention to showcase their blockchain-friendly regulations, as seen with the three new government bills introduced by Malta’s prime minister and Secretary for Financial Services at the 2018 Summit.

More than attracting foreign investment and human capital, the summit serves as a platform for the Maltese government to renew its commitment to the future of the technology sector in Malta, possibly with the announcement of further regulations on the matter. The purpose is to grab a slice of an emerging market, and create an environment where cryptocurrencies can be used and traded with security under the regulatory framework.

Stefania Barbaglio, Blockchain strategist and Director at Cassiopeia Services believes Malta is a great example of successful strategy for business and investment and positive regulations: “Malta has become a role model for European nations, highlighting the role of positive legislation to boost economy and business activity. Outdated regulations and closed attitudes towards innovation can lead to elite nations losing their spot in the international investment scene. It is important that new regulations are centered around innovation and the social value of technology, so that the digital economies can flourish and develop.”

The passing of the recent laws makes Malta the pioneer nation in Europe to offer a holistic regulatory framework for Distributed Ledger Technology operations. Unlike their counterparts, Malta attempts to develop a comprehensive framework that comprises use and trade if digital currencies, ICOs, exchanges activity.

The strategy was developed by the Malta Digital Innovation Authority, who was also responsible for other three regulatory laws — the Innovative Technology Arrangements and Services (ITAS) Law, the Malta Digital Innovation Authority Law, and the Virtual Financial Assets (VFL) Law — that today form the cornerstones of DLT regulation in Malta and are designed to offer guidelines for companies entering the emerging sector.

The innovative mindset of the Maltese government is also reflected other economic sectors, from personal healthcare to financial technology. Because of that, Malta has been the European gateway for many policies, including the legalisation of medicinal cannabis and embracing crypto and gaming projects.

In March 2018, Malta officially legalised medical cannabis. A month later, with the Production of Cannabis for Medicinal and Research Purposes Act in place, Maltese entities were able to cultivate, import, process and produce cannabis intended for medical and research purposes under a controlled and supervised environment.

These policies led to the Malta Medicines Authority gaining international reputation and prestige for its patient-centric work in the regulation of medicines. The strategy seems to be working so far: according to statistics from Eurostat, a 75% share of the population in Malta perceived their health as good or very good.

It’s not surprising to acknowledge how Malta has become the centre and a pivotal point for all of Europe as it is a preferred homeland for many leading and innovative technology companies throughout the world. More exciting news can be expected at the Winter edition of the Malta AIBC Summit. You can purchase your tickets for the winter edition summit to be held on 7–8 of November 2019 at the hotel Intercontinental in St Julian’s here.