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.
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.”
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
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 featuredIcoHolder, 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.
Cassiopeia Services, official PR for DigiByte Blockchain, is pleased to announce the First DigiByte Global Summit happening in Amsterdam this coming Friday will be streamed live on Vimeo.
“We wanted to make sure that the whole DGB global community who could not personally attend the summit in Amsterdam, can still be part of the reunion and hear about the latest developments and upcoming news. DigiByte has one of the most multicultural, diverse and passionate communities in the crypto space, and we would like to give every member the opportunity of joining us at this epic gathering,” said Stefania Barbaglio, PR lady for DigiByte.
Confirmed speakers are: DigiByte founder Jared Tate, DigiByte Foundation Member and Chief Fun Officer (CFO) Josiah Spackman, Official DigiByte PR Steffy (Stefania Barbaglio), co-founder of the DigiByte Awareness Team Rudy Bouwman, Founders of V-ID Marnix van den Berg and Pim Voets, Lead Business Dev of V-ID Joshua Jenster, Founder of Antum ID Jan Muyldermans, Founders of Vertbase Justin Seidl and Stuart Menzies, and CEO of Block 30 Labs Brian Foote.
The projects presenting at the summit have multiple applications and serve different purposes — from data authentication to digital assets trading, but they were all built on top of DigiByte blockchain. It highlights its versatility and security, and it shows how decentralised technologies have the potential to reshape our system.
The summit will start 2pm, Amsterdam Time — 12 noon GMT.
We are pleased to share the agenda for the first DigiByte Global Summit in Amsterdam — only two weeks away on 19th April 2019.
The summit will host some of the most prominent experts working in blockchain and decentralisation today. All are developing projects that build on the DigiByte blockchain, deploying it to new applications such as digital identity, data privacy and digital asset trading. Created by Jared Tate in 2014, DGB boasts high scalability and security, together with a forward-thinking approach to development. As such, the technology is a perfect fit for breakthrough projects and concepts, having seen considerable growth in adoption and awareness over the past few years.
Confirmed speakers are:
DigiByte founder Jared Tate
Josiah Spackman, DigiByte Foundation Member and Chief Fun Officer (CFO)
Steffy (Stefania Barbaglio) Official DigiByte PR
Rudy Bouwman, the founder of the DigiByte Awareness Team
Marnix van den Berg, Lead Dev/Founder of V-ID
Pim Voets, Lead Concept Design/Founder of V-ID
Joshua Jenster, Lead Business Dev of V-ID
Jan Muyldermans, Founder of Antum ID
Justin Seidl and Stuart Menzies, Founders of Vertbase
Brian Foote, CEO of Block 30 Labs
The agenda is as follows:
- Welcome and Introduction — Stefania Barbaglio
- State of DigiByte / DGB Intro — Jared Tate
- DGB Awareness Team and how to get involved — Rudy Bouwman
- Dandelion Info & Demo for Privacy — Josiah Spackman
- DigiID Demo / Antum ID Demo — Jan Muyldermans
- Vertbase Presentation — Justin Seidl & Stuart Menzies
- V-ID Presentation & Demo — Marnix van den Berg, Pim Voets & Joshua Jenster
- OdoCrypt & Upcoming Hard Fork — Jared Tate
- DigiAssets Live Demo — Jared Tate
- Block 30 Labs Presentation — Brian Foote
- Panel Discussion: “Where will blockchain be in 2035?”
- Closing remarks
Networking drinks & nibbles
After the conference, we have also organised a scenic canal boat trip departing at 18.30. If you are interested in joining us, contact Steffy for details and bookings.
The summit marks the first ever gathering of DigiByte’s great minds to present and discuss their projects. Even though the projects serve various purposes and have multiple applications, they are all connected by the same vision of technology potential, and how it can be used to design the future of our society.
Decentralisation, at its very core, is about empowering individuals and reshaping society; it is about offering solutions to protect people and businesses against digital fraud using a network where everyone could fairly contribute to, so it remains distributed and decentralized, without the need for any trusted third party, and building a digital economy that serves users’ purposes and facilitates transactions worldwide with a high level of security. These new platforms are developed by users just like everyone else, who have the technology expertise to create a new system.
More than that, the summit is also a chance for the DigiByte community to engage in open dialogue to strengthen the bonds that bring them together.
Stefania Barbaglio, official PR for DigiByte and organiser of the summit, commented: “It is very inspiring to see these great minds coming together and sharing their plans and projects with us. Jared started DigiByte with the mission to fix most of the cyber security vulnerabilities the internet is facing today by using blockchain technology. DigiByte but it is now a social project that has the potential to change society and its economy. It has grown stronger over the last few years and while many other blockchain and cryptocurrencies tried to ride the hype, DGB were working hard paving the way for more innovative ventures to arise. As Jared always says, DigiByte is a family who share the same values, positive energy and enthusiasm in developing projects that can change the world for the better.
What we are seeing at the summit is all about the future of society and economy, powered by blockchain technology and decentralisation.”
Founded in 2018, Vertbase is a highly secure and user-friendly digital currency platform for buying and selling cryptocurrencies with US Dollars. Vertbase was born with the aim of finding a solution to the complex, time-consuming and expensive process of trading altcoins on most crypto exchanges, which tends to prevent non-experts from engaging in crypto trading.
Coinbase is a great platform for only few cryptocurrencies, but there are many other coins with high value that cannot be traded on the Coinbase exchange.
Looking at Coinbase and the challenge around coin trading, Justin Seidl and Stuart Menzies, co-founder at Vertabse, created a digital altcoin trading platform that is user-friendly, super-fast and highly secure. A Coinbase for altcoins, but only the one with legitimate projects and strong use cases, particularly those Vertbase believes can change the landscape of finance: DigiByte, Vertcoin, Bitcoin, Litecoin, Ravencoin and Decred.
In the latest episode of FinancialFox, Justin Seidl was interviewed by Blockchain PR expert Stefania Barbaglio, where he talked about how he came to create and design Vertbase, and shares his views on the altcoins to watch.
The mission behind Vertbase is to give visibility and market exposure to altcoins with high use case value. Altcoins are considerably less expensive than coins such as Bitcoin and Ethereum, and in some cases are more sophisticated and highly developed.
Over the recent months, cryptocurrency exchanges have been in the spotlight over coins being delisted and alleged extortionate listing fees required by prominent exchanges. These controversies highlighted the need for corrections in the way the crypto market works and the challenges that need to be overcome. They also prompted more calls for further decentralisation and transparency among exchanges.
Indeed, the current lack of regulatory frameworks leaves room for inconsistent practices. Different cryptocurrency exchanges can offer various types of cryptocurrencies, with different terms, policies, payment methods, and fees. Exchanges also differ on aspects such as security, user-friendliness, functionality, and design.
Some of the advantages Vertbase offers users is 100% non-custodial transactions that allow users to send coins to any wallet of their choice. In the spirit of co-operation, Vertbase also gives a portion of trading fees back to the community to continue development.
Moreover, with security reportedly the biggest worry among cryptocurrency traders, Vertbase is equipped with a robust anti-money laundering monitoring system. Furthermore, its system requires two-factor authentication, granting access to authorised users only, while the website and apps are fully secured with 128-bit encryption. Vertbase is registered with FinCEN and operates with full compliance and procedures under all US federal and state laws.
This January, Vertbase donated 50,000 DGB to the DigiByte Awareness Team to show their support of the project and DigiByte’s vision. “DigiByte has proven strong use cases, which include security features utilising the Digibyte Blockchain. Digibyte has some exciting plans and projects, so we have no doubt they will continue to be a major player in this industry,” says co-founder Justin Seidl.
Vertbase Founders Justin Seidl and Stuart Menzies will also be presenting at the DBG summit. The DGB community can also expect more news and updates on DGB projects to be released during the first global DigiByte Summit, taking place in Amsterdam on 19th April 2019. The theme of the Summit is ‘The Power of Decentralisation’ and its agenda will expand on the multitude of possibilities and uses enabled by decentralised technologies.
Announced as a speaker at the first DigiByte Global Summit next month, Block 30 Labs is at the forefront of bringing tokenised asset trading to a mass scale, collaborating with DigiByte blockchain.
With its headquarters in San Diego, at the heart California’s tech hub, Block 30 Labs is developing tools to enable digital asset indexes in the blockchain era. The team is a network of global blockchain technologists, computer scientists, economists, financial engineers, researchers and global media alumni from Yale, Harvard, Georgetown, Wharton, Duke, Stanford, UCSB and UCLA — all gathered to develop top-notch financial and trading platforms built on blockchain.
Block 30 Labs is developing three core applications of decentralised blockchain technology for global adoption by consumers, merchants and the Fortune 500 enterprises for release in their 2019–2020 roadmap.
To kick off the project, Block 30 team studied the Alibaba platform and its success in the Chinese market. Block 30 CEO Brian McLaren Foote says the team drew inspiration from the way Alibaba streamlined new technology to create an innovative and efficient consumer experience.
The Chinese giant is indeed one of the most pertinent references in terms of e-commerce, digital payments and interoperability — and Block 30 hopes to replicate this comprehensive and innovative approach for the digital assets market.
Blockchain & E-commerce
The speed and convenience of mobile as a shopping and payment gateway keeps attracting more and more users each year. The use of blockchain technology in ecommerce and digital payments can bring these services to the next level in an already very profitable market: recent data shows that worldwide mobile payment revenue should exceed $1 trillion in 2019 and more than 2.1B consumers are expected to use mobile payments this year. The degree to which online and mobile sales are growing shows the importance of developing a marketplace capable of dealing of tons of data in a commercially viable manner.
The main problems in ecommerce nowadays are related to payments checkouts, cybersecurity and supply chain management. By putting an end to intermediary bodies, blockchain can transform ecommerce into a much faster and safer process.
The advantage of using blockchain in ecommerce is the integration and ownership of digital assets — challenging traditional monopolies and protecting users. For example, retailers can launch ICOs directly on the platform and distribute tokens among their customer base. Credit card brands like MasterCard are reportedly working with blockchain to make its market payment systems more fit for use.
The Block 30 index helps to accurately measure the value and performance of digital assets. It is one of the very first US indexes to help investors track multiple factors in the market beyond Bitcoin. With a growing number of Security Token Offerings (STOs) in 2019, the market requires increasingly sophisticated tools to assess the real value of digital assets.
“We hope that the BLOCK 30 Index can help improve industry coverage “Beyond Bitcoin” via global media, government, research and regulatory institutions — while also providing better safeguards and clarity for retail investors seeking early exposure to the front-end of a potential economic cycle,” says Brian Foote.
Block 30 Labs is working on three projects:
1. The BLOCK 30 Marketplace: the world’s first Web 3.0 marketplace built on blockchain. The platform will pair global buyers and sellers for exchanges of value on the blockchain, including: concert tickets, automotive, hospitality, businesses, land, farms, wineries, fractional ownership, mixed use development and commercial real estate.
2. The BLOCK 30 Pay Digital Wallet, which will be available at checkout on the BLOCK 30 Marketplace to help global customers and merchants begin to adopt and use digital assets vs. credit cards through an asset called BLOCKS, powered by DigiByte.
3. The BLOCK 30 Financial Division, which will provide BLOCK 30 Pay digital wallet holders the ability to invest in customised security tokens (ex: BLOCK 5, BLOCK 10, BLOCK 30, etc.) directly from their mobile phone.
In the Web 3.0, the internet will come back into the hands of its users, thanks to decentralisation and distributed consensus protocols. The new model emphasises sharing and collaborating among users in order to concentrate data and operability in the hands of a few companies — known nowadays as ‘big tech’.
But, in order to function in the Web 3.0, blockchain platforms will need to address interoperability — a feature Block 30 Labs is priming. Being interoperable means that a specific blockchain network is able to recognise and operate with others. Without this, blockchain nodes are isolated from those outside, secluded in their own network.
The aim is to allow different blockchain projects to communicate with one another, regardless of their structures, offering more possibilities for users and greater versatility for different projects to be integrated.
Block 30 platforms are built on DigiByte blockchain, which is the longest and fastest blockchain currently available in the crypto market. Despite not being among the most prominent cryptocurrencies, DigiByte holds the potential to be so much more than a digital currency, particularly because of DigiAssets.
For over 2 years, the DigiByte team has been working on this feature that allows other organisations to build their projects on top of DigiByte. DigiByte was designed to scale on-chain, hence maintaining its core aspects of security and decentralisation. Partnerships and collaborations on new projects to change the way people transact and communicate are absolutely vital to the development and wider adoption of DigiByte.
The full digital asset marketplace addresses sectors beyond just store of wealth, such as supply chain management, financial services, social networks, data security, digital identity, gaming, mediums of exchange and privacy. A true representative and comprehensive index should enable exposure to all major thematic sectors, rather than just a small selection, and begin to mirror some of the key sectors that drive global capital markets indexes. In light of this, DigiByte’s DigiAssets were presented as the perfect fit to develop Block 30.
Rudy Bouwman from the DigiByte Awareness Team believes the partnership is extremely positive for DigiByte and goes to show the versatility and user value of DigiAssets: “We’re very excited about the collaboration between DigiByte and Block 30 Labs. Their solutions and services are built on DigiByte Technology and DigiAssets platform, and with that they would be able to position DigiByte in front of consumers, investors, merchants and companies, even Fortune 500. We believe this can drive DigiByte up the ranks significantly in terms of market cap, awareness and adoption.”
DigiByte founder Jared Tate believes Block 30 is a huge step towards eventual mass adoption of DGB technology: “By leveraging the speed, scalability and security of the DigiByte blockchain as the backbone of their offerings, BLOCK 30 Labs will pierce the secondary layers of the consumer, merchant and professional enterprise world, which is a huge milestone along the journey for mass global adoption of the DigiByte ecosystem.”
Stefania Barbaglio, official PR for DigiByte commented: “It is all about collaborating on game-changing projects with good partners. Over the last year DigiByte has proved its potential as forward-thinking blockchain technology with varied partnership on innovative applications and solutions to secure, facilitate, promote faster transactions of assets. Block 30 is a revolutionary team that will accelerate the decentralisation of consumer and enterprise adoption, asset tokenisation and more accessible 1st-3rd world financial cooperation on the blockchain. The e-commerce place is ripe for change and DigiByte and Block30 team are initiating this disruption. The DigiByte team and community are extremely excited about their future announcements at the conference.”
Brian Foote joins a group of high-calibre speakers presenting at the Summit discussing how a future powered by decentralised technologies and Digibyte will look. Confirmed speakers include DigiByte founder Jared Tate; Official DigiByte PR Stefania Barbaglio; Rudy Bouwman, the founder of DGBAT, the DigiByte Awareness Team; the founders and lead developers of V-ID and Antum ID; and Vertbase Founders, Justin Seidl and Stuart Menzies.
Cassiopeia Services, official PR for DigiByte, is pleased to announce Block 30 Labs as partner at the first DigiByte Global Summit.
Block 30 Labs is developing indexes to work with strategic global partners to issue tokenised, digital index funds (ECFs). The BLOCK 30 Index was built to provide a central framework for the tracking of the 24/7 Digital Trading (“Crypto”) markets by global media, financial institutions, government and investors.
Officially launched in November 2018, the Block 30 index helps to accurately measure the value and performance of digital assets. It is one of the very first US indices to help investors track multiple factors in the market beyond Bitcoin. With a growing number of Security Token Offerings (STOs), the market requires more comprehensive and sophisticated tools to assess the value of digital assets.
The unique aspect to BLOCK 30 is that it begins to disaggregate Digital Trading assets from their singular classification within this new asset class. It distinguishes between core holdings such as Bitcoin — which may function more as a store of value — and STOs, which will function more like Initial Public Offering (IPOs), with real revenues and fundamentals.
Confirmed speakers at the first DigiByte Global summit include DigiByte founder Jared Tate; Official DigiByte PR Stefania Barbaglio; Rudy Bouwman, the founders of DGBAT, the DigiByte Awareness Team; the founders and lead developers of V-ID and Antum ID; and Vertbase Founders, Justin Seidl and Stuart Menzies.
Stefania Barbaglio, official PR for DigiByte commented: “Block 30 is a revolutionary tool to accelerate the development of tokenised asset trading. The DigiByte team and community are very much open to co-operation with valuable new projects that can help build a more transparent and decentralised financial system, and Block 30 is one of them.”
“The excitement and pace of this new asset class has led to the need to work backwards into traditional fundamentals like market indexes, tokenized index funds and more “one-click” interoperability between customer marketplaces, digital wallets and investment products’, said BLOCK 30 Labs CEO, Brian McLaren Foote.
We’re working at BLOCK 30 Labs to solve that — and having DigiByte and DGB Assets as a strategic technology partners “under the hood” is an enormous win for us on delivering product-market-fit for our clients and exchanges.
“If you look at the core tech + specs of Bitcoin, Litecoin + Ethereum, there are so many features and benefits to the DigiByte offering that are not yet reflected in its market cap and global adoption. Our goal is to help drive that change forward to the benefit of consumers, merchants + Fortune 500 enterprise.”
“The opportunities for DigiAssets are limitless”: DigiByte looks into developing the most secure digital identity platform
In the latest Financial Fox interview, DigiByte ambassador Josiah Spackman makes the case for implementation of Digi ID and DigiAssets into multiple platforms ̶̶̶ including mobile banking, streaming services and social media ̶ to increase user security and data protection.
The DigiByte team’s newest developments are Digi ID and DigiAssets, two features built on the highly secure DGB platform that allows decentralised technologies to be applied to digital identity and safe management of digital assets.
One of the most prominent figures within the growing GB community, Josiah believes that the underlying structure of Digi ID can solve up to 90% of cybersecurity issues regarding user privacy and sensitive information because it requires no email or password for user login.
Digi ID automatically generates a unique identity key for different websites every time the user logs in, therefore protecting the user’s identity from being shared with third parties. A decentralised framework is user-centred because it does not rely on intermediary platforms to connect users and services and prevents interaction and data sharing across different platforms.
Worries about user privacy and data breaches are increasingly taking over the news. Governments and users alike are calling for more accountability from social media and tech companies to handle personal information more securely. Facebook, for example, is close to being fined by the Federal Trade Commission because it failed to protect users’ data.
As the Internet of Things and Big Data continue to grow, hyper connectivity also means increased vulnerability to data breaches. Storing users’ information on centralised databases creates the biggest vulnerability to hacks and data breaches. The current system, which is extensively supported by tech giants such as Facebook, Google and YouTube, acts as a catalyst for single points of failure.
Recent data from the FT shows that in Britain, the number of mobile transactions is increasing, with mobile shopping figures spending surpassing those at shopping centres. Tech giant Amazon is the most popular online choice. As the trend is set to keep spreading, solutions as to how minimise risks to banking platforms become more valuable.
“The opportunities for DigiAssets are limitless,” says Josiah. Cryptocurrencies such as DigiByte can be integrated with other existing platforms, including banking, to maximise cybersecurity measures.
The real value of DGB, and cryptocurrencies in general, is that they will not replace traditional fiat currencies, but instead help improve security and practices in the current financial market environment. Embracing blockchain technology is a necessary step for banks to keep their services up to date.
Stefania Barbaglio, director at Cassiopeia Services and official DigiByte PR comments: “For a while, cryptocurrencies were seen as a threat to the future of banks and financial institutions. However, with developments such as Digi ID, we see that the future lies in the integration between traditional banking and decentralised technologies.
“They complement each other to build a better and safer financial environment for users. The true value of DigiByte is not in its currency and market value, it is in its strong use case and multiple applications.”
The DGB community can expect more news and updates on DGB projects to be released during the first global DigiByte Summit, taking place in Amsterdam on 19th April 2019. The theme of the Summit is ‘The Power of Decentralisation’ and its agenda will expand on the multitude of possibilities and uses enabled by decentralised technologies.
On January 10th, DigiByte celebrated its 5th anniversary and completed 8.000.000 blocks and has become the largest, fastest and most secure blockchain in current existence. DigiByte has a history of constant improvement, living up to its motto of the forward-thinking coin.
Over its 5-year journey, DigiByte has repeatedly improved, setting itself apart from other cryptocurrencies with multiple blockchain firsts such as SegWit, MulitAlgo Mining and DigiShield.
“I’d argue that the DigiByte we have today is the most advanced blockchain in the world , with the most steadfast secure set up,” said DigiByte founder Jared Tate in a reflection of the coin’s five years of development.
DigiByte has one of the strongest use cases in the cryptocurrency market: DGB can support over 48 million transactions a day: 10 times the current transaction capacity of the top 50 blockchains by market cap.
Throughout these five years, DigiByte has attracted more and more followers because of its genuine intention to create a financial system centered around people and social value. The community-driven effort and the tremendous faith that all those involved in DGB have in the project are the key factors that make DGB so unique and compelling.
DigiByte today has one of the most connected and engaging communities in the crypto space. DGB followers have set up foundations and networks to spread the word about the mass adoption potential of DigiByte.
Last November, DigiByte enthusiasts based in the UK and Europe had the chance to meet each other for the first time and talk to Jared himself at the first UK DigiByte Event,held in central London.
Decentralisation at the heart of DigiByte
More than a cryptocurrency, DigiByte offers the most reliable blockchain structure to support transactions at an uninterrupted global level.
In fact, the ultimate objective for DigiByte is to re-build the infrastructure of the internet today. Founder Jared Tate believes that an efficient blockchain can solve 90–95% of the security vulnerabilities in the internet today. The centralised databases which support the current system, such as Facebook, Google and YouTube, act as a catalyst for single points of failure. When all the valuable information is stored in one single place, vulnerabilities to hacks and breaches increase, as well as allowing surveillance and data control from central institutions.
The solution to fix the current system would, therefore, be to build a decentralised architecture for the internet, supported by sophisticated and advanced blockchain structures. A decentralised framework is user-centered, not relying on intermediary platforms to connect users and services.
In order to support this new internet model, DigiByte is built in 3 blockchain layers:
- Applications layer: The top layer of DGB to be used in everyday, real-world applications, such as DApps and Smart Contracts
- Digital Asset Layer/ Public Ledger Layer: The layer in which all DGB transactions are stored in an immutable public ledger, providing maximum security.
Core Protocol Layer: The bottom layers, made of decentralised nodes across the planet, where all communication and operation procedures occur.
The DGB community has plenty to look forward to into the near future. The first global DigiByte Summit will take place in Amsterdam on 19th April 2019. The theme of the Summit is ‘The Power of Decentralisation’ and its agenda will expand on the multitude of possibilities and uses enabled by decentralised technologies.
Stefania Barbaglio, Director at Cassiopeia Services — official PR for DigiByte commented:“Cassiopeia is thrilled to be organising and hosting the first ever DigiByte Summit next April. DigiByte represents the true power of decentralised technologies: It offers top security, performs transactions faster than any other crypto and has one of the strongest use cases in the crypto market. Blockchain technology has unlocked a new era where decentralised networks and markets empower individuals and change society and the global economy.”
In the long-run, DGB investors can be cheerful as crypto analysts say that Digibyte has the potential to reach $1 as the coin develops and its features become more sophisticated over time.
More than that, we are likely to see the increasing deployment of DigiByte platform to projects such as Antum and V-ID, which power blockchain to provide verification and digital identity services.