New applications of Blockchain: Future of Big Tech still bright in Web 3.0

The current web architecture, Web 2.0, may well be user-friendly and familiar, but there is plenty of indication that this formula is starting to break down, giving way to a new internet. The greatest concern about Web 2.0 has been the centralised control over data: at the moment, ‘Big Tech’ companies like Google and Facebook act as central databases for a vast amount of user information.

The advent of new technologies is allowing for decentralisation, bringing about marked disruption. In 2018, we saw the start of scrutiny over the way tech companies deal with user data. In Europe, the implementation of the General Data Protection Regulation (GDPR) in the wake of the Cambridge Analytica scandal shows that the public and authorities are sitting up and paying attention. The need for a new internet structure has never been more pressing, so on the horizon now is an environment in which users keep control over their own information: Web 3.0

Technology experts say that Web 3.0 will be powered by blockchain, as the technology is decentralised, therefore user-centric. While users are optimistic about the future of the internet, the Big Tech companies are faced with the challenge of re-inventing themselves to embrace the latest developments and focus on delivering high value and security to their users. Equipped with considerable capital and some of the finest minds in the tech workforce, these companies are uniquely positioned to make the most of the next phase of the blockchain revolution.

Infographic credit to https://101blockchains.com/

In light of this shift, many technology and payment companies are working with projects to develop more sophisticated applications of blockchain. Digital identity systems and smart contracts are among the concepts being intensely explored.

A digital identity is a digital and unique representation of legal identity. As connectivity becomes wider, paper-based identities become inconvenient, inefficient and potentially unsafe. This is one of the most promising areas for blockchain application and can provide a very high use-case value.

The World Economic Forum has already highlighted the need to create a global, borderless and efficient system incorporating all factors that make up an individual’s identity in a single tool: “Today, most identity systems exist in isolation. Different public and private solutions record and maintain identical identity data potentially hundreds of times over, and are not interoperable, creating a significant amount of redundant identity information. This is a waste of resources for the network in question, is difficult to scale and is buried in error- prone and paper-heavy processes.”

Furthermore, digital identities are a far more secure alternative than the current structure. With the ending of a centralised database, breaches and cyber attacks become less frequent and less damaging. Due to the proliferation of data breaches, reliance on weak or leaked login credentials accounted for 81% of data breaches. As digital identities become more mainstream, security measures like passwords and single-factor authentication become outdated.

A blockchain-based system is needed to secure more privacy and security for individuals and corporations over sensitive data. For the next year, the GDPR compliance market will grow by 75%, leaving a huge opportunity for solution makers among the technology companies. Digital identity authentication and validation measures are critical to ensuring web and network infrastructure security in the public and private sectors.

Earlier in May, Microsoft presented a new and an even more concrete concept of digital identities: a DID network built on top of the bitcoin blockchain. Named the Identity Overlay Network (ION), the infrastructure has been reportedly developed to accommodate tens of thousands of operations per second. The system lets users obtain control over their own data via the management of their Public Key Infrastructure (PKI).

Daniel Buchner, senior program manager at Microsoft Identity Division, explained: “Today, the most common digital identifiers we use are email addresses and usernames, provided to us by apps, services, and organizations. This puts identity providers in a place of control, between us and every digital interaction in our lives. Our goal is to create a decentralized identity ecosystem where millions of organizations, billions of people, and countless devices can securely interact over an interoperable system built on standards and open source components.”

Following Microsoft, MasterCard and Samsung announced a partnership to develop secure digital identity beyond passwords. Mastercard said that consumers soon will be able to use a digital identity method for their devices that works for both physical and digital interactions. This method would be used for everything from accessing email to opening a bank account, shopping online or streaming video.

In addition to allowing the emergence of digital identities, blockchain and decentralised technologies are the keys to enabling more efficient ways of managing and integrating global supply chains, especially in the realm of smart contracts. Amazon is reportedly investing heavily in its ‘Managed Blockchain’ service, which was created to help companies set up their own blockchain networks that are scalable and easy to create and manage.

Amazon’s blockchain service is under further development and Microsoft’s digital ID is not yet fully available, but when it comes to companies like these, we can be sure that even more innovation is around the corner.

DIGIBYTE BLOCKCHAIN GLOBAL SUMMIT 2019

Cassiopeia Services is pleased to announce the resounding success of the first ever DigiByte Blockchain Global Summit 2019, which took place in Amsterdam on Friday 19th April.

The event was organised and hosted by Ms Stefania Barbaglio (Steffy), PR Guru, Founder and Director of Cassiopeia Services, and Official PR for DigiByte (DGB). The prime focus of the Summit ̶ sponsored by Vertbase, the Coinbase for altcoins ̶ was on DigiByte’s journey since its foundation in 2014, the role in the new digital economy of decentralised technologies and security blockchain applications built on DGB, and how they are transforming the world of data security and transactions.

The summit was attended by the vast majority of DigiByte’s followers and investors and was also live streamed for all the DigiByte and crypto enthusiasts around the world. Key Media partners featured IcoHolder, Coin Rivet and CoinCodex, among many others.

After Steffy’s introduction, Mr Jared Tate, the Founder of DigiByte, ran through DGB’s history and progress over the last 5 years. Founded in 2014 with no ICO, DigiByte boasts the longest UTXO blockchain in the world, highly secure and faster than that of bitcoin. Listed on over 100 exchanges globally, it is now developing the new generation of Digi-ID and Digi-Assets, which are rapidly becoming one of the key developments in the crypto market.

Jared gave due credit to the community and DGB supporters as he revealed that some of his best developers are anonymous ̶ unknown even to him ̶ thus emphasising the beauty of decentralisation and the very fundamentals on which DGB has been built. He also gave some real insights into the hard work and determination that has got DigiByte to where it is today. DGB was initially built as an extension to the UTXO protocol pioneered by Bitcoin.

Jared mentioned that DGB was initially built as an extension to the UTXO protocol pioneered by Bitcoin. However, always striving for excellence, and after countless upgrades & hardforks, they created DigiShield in 2014 (one of the many great features of DigiByte) which was quickly adopted by Ethereum, Bitcoin etc. DigiByte also re-engineered the bitcoin wallets and today boast the best SPV wallets in the world. To add to this, since the activation of SegWit in April 2017, almost 2,70,000 nodes have been created along with 4 full-version updates for the DGB core wallet.

For the first time, DigiByte is referring not to a hard fork, but an algo fork, as it schedules the release of its latest version 7.17.1, known as the Odocrypt. DigiByte already has 5 running algorithms over which the DigiShield is split evenly, which helps in real-time weight adjustment. Thanks to this multi-level model, Digibyte has a 51% attack resistance globally. The new algorithm name is inspired by Star Wars as it is a shape shifter set to change every 10 days, thus making it ASIC resistant. It will replace the Groestl algo.

The DGB community also made history at the event as Jared created the first ever DGB DigiAsset using the DigiVault. The DigiFlame was the world’s first ever DigiAsset created during the summit, and it was passed on to Rudy. Subsequently, Jared also created a second DigiAsset known as the DigiTorch as a way to promote those organisations that are creating real-world solutions using DGB Blockchain. The torch was given to Block Labs 30 and will be passed onto other projects as time goes on. This marks a huge step for DigiByte as DigiAssets has always been taken seriously and seen as the mechanism to secure the future internet of value. Even in the core architecture of DGB, comprising 3 layers, the middle layer is dedicated solely to the digital assets.

Other speakers included some of the most brilliant minds in the crypto and blockchain space. To begin with, Rudy Bouwman, co-founder of the DigiByte Awareness Team fondly known as DGBAT, shared the importance of community support and engagement, and what it means to lead one of the largest crypto communities in existence. Founded on 18th May 2018, The DGBAT team is on its way to marking its one- year anniversary this coming month at the time of writing. It was founded because DGB had never had an ICO or pre-sale, so needed a revitalised marketing strategy. DGBAT today is made up of of passionate individuals who are determined to make way for the widespread adoption of DGB.

Adding onto the advancements and achievement of the DigiByte Community, Josiah Spackman connected from New Zealand to elaborate on Dandelion, an upcoming upgrade to the blockchain. The main reason for this upgrade is to improve privacy on different platforms for DGB users. The DGB Blockchain uses the same method of broadcast as Bitcoin: diffusion. However, there is a vulnerability in this method that may let intruders track IP addresses by looking at the transactions on the blockchain. In order to avoid this, the Dandelion upgrade will only transmit data to one neighbour at a time and mask the hop counts to protect privacy.

Jan Muyldermans from Antum ID, an organisation involved in projects that deploys DGB Blockchain again highlighted the essence of privacy in today’s world. Antum ID is an authentication platform that uses DIGI-ID fundamentals to help verify the identity of individuals by government/organisations while providing the highest level of privacy. Antum modified the Digi-Id and added in its SOAP API so that DIGI-ID can be used on all platforms and programming languages, thus cultivating DGB’s widespread adoption. With the recent data breaches and leakages, Antum ID is the best use case solution.

Continuing the theme of Decentralisation, Justin Seidl from Vertbase applauded DGB’s genuine growth and passionate community. A simple fiat-to-digital currency instant buy-and-sell platform, Vertbase is in the process of introducing GBP & EURO pairings for DGB. Its main USP is that it’s a non-custodial platform, meaning all funds are always in the user’s possession and by partnering with DGB, its next step is to enable consumers to use DGB and Vertbase for everyday transactions.

Another key innovative project was presented: Marnix van den Berg from V-ID highlighted the issue of cyber-crime and data integrity. VID’s core mission is to help prevent digital fraud. For this it uses blockchains to store data once it has been verified and validated: DGB being one of these blockchains. This in turn helps DGB to fully certify and secure all DigiAssets. In a real-world example of physical objects being verified and coded in the blockchain, V-ID demonstrated how it had securely stored a Rembrandt piece after verifying and validating it in the blockchain.

Finally, Block Labs 30, a California-based organisation led by MBA entrepreneurs Brian Foote and Jeff Hinshaw showcased their skills in working with merchants to increase DGB’s adoption. Their project is ambitious: creating a market place for Digital Asset transactions through verticals, while increasing security and trackability but integrated interconnectivity. All industries will benefit from block transactions built on DGB, the main one being real estate, but also fashion, food and art.

With such great minds and organisation at work, the DGB Summit was the first of its kind. In case you missed the live coverage, exclusive event footage is set to be released soon. Please stay tuned for further details.

The power of crypto community: The First UK DigiByte Event is on

Cassiopeia Services, the leading blockchain PR agency, is thrilled to host the first DigiByte event in the UK on November 18th in Central London. The founder of Digibyte blockchain Jared Tate will be attending on his way back to the US from Norway, where he will be presenting at the CryptoFinance Conference in Oslo.

DGB followers, investors and supporters will have the unique opportunity to meet Jared, aka DigiMan, face to face and hear from him about DigiByte’s news and his next plans.

Other special guests include well-known Steemit ambassador Stephen Kendal and ‘Deano Digi’, joint founder of DGBAT, the DGB Awareness Team.

We are proud to ‘make things happen’ in the crypto space: “We are introducing an innovative approach to crypto communities, bringing reality and personal relationships into a world where most interactions only take place online and a great deal of projects in this space are untrustworthy and illegitimate,” said Stefania Barbaglio, founder of Cassiopeia.

“Why do we support DigiByte? It was one of the first crypto coins to hit the market in the pre-ICO days of 2014 and since then has been growing organically, creating one of the largest and strongest online communities. We want more people in the UK to meet this community and understand that the world is moving in a new direction,” she added.

Digibyte (DGB) is a true grassroots coin. It is largely decentralised, which means full user autonomy, and has a strong use case: It is much 40 times faster than Bitcoin, for example, and transactions cost a lot less. DigiByte blocks occur on the network every 15 seconds, making DigiByte the fastest UTXO blockchain in the world today with one of the lowest fees.

It is also more secure as transactions, mining and blockchain distribution are as decentralised as possible. Because of its speed, DigiByte boasts the longest blockchain and its structure makes it cross-compatible with any other blockchain.

Digibyte ranks within the top 40 crypto coins by Market Cap (35th as we write today) according to coin marketcap, and predictions from crypto experts show that DGB has a 132% growth potential by the end of the year.

But what makes DGB so unique? The power of decentralization.

“The beauty of decentralisation is that you can do multiple things with it. Blockchain is a paradigm shift in the architecture of the internet,” said DigiByte founder Jared Tate in an interview with Stefania on Financial Fox TV Show.

A decentralised asset like blockchain can address the vulnerabilities in the current architecture of the internet. Decentralisation empowers individuals to use the technology for their needs and projects. Because of its strong use case, DGB is coin with a bright future: it aims to provide feasible and effective solutions to systems that are heavily centralized and address the structural flaws in the internet to build an environment where participants are sovereign.

As Jared recognized, there is a level of concern about the current hype around ICOs, as the ICO market can be overestimated at the times, with many coins failing to succeed and provide returns. However, the projects which do survive are more user-friendly and have greater ability to develop and scale, like DGB. Cryptocurrencies like DGB, for example, show that it is possible to create a financial system that is detached from political and economic factors, and international currency fluctuation.

The loyal and supportive DGB community proved this: the DGB Foundation designed the ‘Venezuela Project’ and chose Venezuela to run a real-life experiment in mass cryptocurrency adoption applying blockchain to development causes, education and outreach.

‘Blockchain is a worldwide phenomenon. We’re at the point where everyone has realised that this technology is not going away; it is a paradigm shift in computer science and the architecture of the internet,’ says the DigiByte founder.

Cassiopeia looks forward to meeting Jared Tate and all of the DigiByte Community on Sunday 18th November in Central London for a unique and epic event. This is a private event: entry is granted via registration only. More info on the event and registration form can be found here.