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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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