Tag: Blockchain

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Music

Why Everyone is Going Nuts For The New NFT Project Lucky Elephant Club

NFTs are gaining global popularity due to their unique concept, but what exactly are NFTs? NFT stands for non-fungible token which is a digital asset that is safely stored on the blockchain. The impact of this development is that nobody can destroy, duplicate, or replace your creation once it’s stored on the blockchain. Therefore, NFTs provide a secure certificate of ownership over a digital asset, protecting its value. This creates major scarcity and inevitably drives up the price making it a phenomenal long-term investment. 

While many projects have already dropped, the best is yet to come. If you are reading this article at the time of publication you are on the ground floor of the next major NFT opportunity. Months of diligent hard work are coming to an end and in 10 days the world will be introduced to the hottest NFT drop thus far. The future of NFT is here with The Lucky Elephant Club. The Lucky Elephant Club is set to take over the NFT space with its undeniably unique creations and beautifully majestic artwork. The best artists in this 5 space have been working with The Lucky Elephant Club to bring the rarest digital art yet to the market. 

The Lucky Elephant Club has committed to serve its earliest buyers with multiple different prize-winning opportunities. They will be giving away $1,000,000 in cash, and $250,000 worth on their own NFTs. This is truly an amazing time for all NFT participants as The Lucky Elephant Club is set to catapult this industry into the stratosphere. Make sure you do not miss this special drop as it is a once in a lifetime opportunity. For more information go to the link below for your chance to be a part of history. 

https://www.instagram.com/luckyelephantnft/

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Trade Crypto CFDs with Shielded Digital Asset Trading Platform Bitop

Trading Crypto CFDs have increasingly become more and more popular. This is all thanks to the great flexibility offered by this form of derivative trading where users can benefit from both sides of the market and in some of the most secure, low fee trading environments.

Bitop exchange is a crypto CFD trading brokerage offering a wide range of markets on PC, iOS and Android smartphones and tablets. Users have access to promotional offers, worldwide customer support options and a range of bundled market analysis tools. In addition, users looking to minimalize their costs will benefit from Bitop’s lowest trading fees, a large selection of digital assets, fast trades, payouts and customer service.  As of September 2021, Bitop exchange has lowered its trading fees to 0.15 per cent.

What Makes Bitop an Extraordinaryc?

The competitive advantage of Bitop across the crypto exchange ecosystem is the creation of demo accounts that allow users to simulate a real-life trading experience. This ensures that they do not risk their investment capital to market volatility as demo trading prepares them for real-life trading possibilities.

This is an innovation in the crypto space, and it will cultivate confident traders and increase individual participation in the crypto space.

Phenomenal Copy Trading Features

Bitop is a well-recognized broker name in the industry and one of the top choices for CFDs trading in the market today. They have been around since 2018 and are very securely regulated around the world.

You can look forward to trading hundres of Crypto CFDs available with Bitop through their platform that offers an extremely robust, easy to use environment. What makes the platform a firm favourite beyond ease of use is that users can start building their portfolio by mimicking the strategies of experienced traders from the Bitop community (100k users from over 80 countries). Moreover, each user can customize all of the charts and indicators they look at while studying the assets.

Beyond this, Bitop is extremely lightweight and can run on almost any device. This is an important advantage for not missing any market moves and executing trades quickly.

Blockchain Tech Security

When trading with assets that experience a number of different modes of theft it is worth considering measures to mitigate the risk of merely holding a significant amount of value in that asset. Bitop has received approvals from Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC), the national financial intelligence of the country, and the Financial Crimes Enforcement Network (FinCEN), which is an appendage of the U.S. Department of the Treasury responsible for collecting financial information to ensure compliance with Anti-Money Laundering (AML) and anti-terrorist financing laws.

Bitop’s team is conformed by experts committed to offering a compliant and secure solution and help users achieve their business goals by offering a production grade platform with solutions that can be deployed in the technology environment.

Stay up to date with the latest news of Bitop, simply follow:

Facebook: https://www.facebook.com/BitopGlobal

Twitter: https://twitter.com/bitop_exchange

Instagram: https://www.instagram.com/bitop_exchange/

Pinterest: https://www.pinterest.jp/Bitop_exchange

Linkedin: https://www.linkedin.com/company/bitop-cryptocurrency-exchange

Stay in touch via our Telegram channels:

(CN) https://t.me/Bitop_ExchangeZh

(EN) https://t.me/Bitop_Exchange

Russian Community:

https://vk.com/bitop_russia

For media cooperation, please contact Bitop PR Manager Harrison on Telegram at @Harrison_Bitop or simply send an email to social@bitop.com.

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RealLink (REAL) will launch an airdrop on September 30th, 2021

RealLink will launch an airdrop on September 30th, 2021. 2,000 lucky members will have the chance to win 300,000 RealLinks. The details are as follows:

  1. Total Airdrop Allocation：300,000 Reallinks to be won.
  2. Number of winners：2000 Lucky winners.
  3. Airdrop Distribution: 2021.09.30-util 300,000 RealLinks all distributed.

For more details about how to join the airdrop and win RealLinks, please visit the official website of RealLink (https://www.reallink.vip/)，or join us directly https://t.me/joinRealLink

What’s RealLink?

RealLink (REAL) rebuilds tipping culture on the internet, which makes it easy for users to send gifts to their favorite creators who create the interesting content directly.

If you are a content creator, you will find you are empowered by your fans. It is the first time you can receive gifts from fans directly. It is not a“like”or “retweet”, which you can’t monetize them directly. So “Give me Link, Love me Real!”

RealLink aims at bringing consumers quality contents, encouraging content creators to produce quality content and building a quality content production ecosystem.

Everybody can contribute to RealLink ecosystem and get reward from it.

How to mine RealLink?

RealLink is open to several products at beginning, and it gets social entertainment products involved including BuzzCast. At present, you can download and use BuzzCast to mine. Download link:  https://www.buzzcast.info

For now you can get RealLink rewarded in this app in these two ways. The first way is to broadcast to receive gifts from users as a streamer. The second way is to send gifts to streamers and when the gift revenue increases to a certain amount, RealLink will be released and all users are able to gain at random in live room.

Specifically, when gift revenue increases to a certain amount of dollars in the APP, it will trigger a treasure box. And the treasure box will appear in the live room where gift revenue account for the most of total gifts sent. All users can tap the treasure box to get RealLink from it. Besides, the RealLink in one treasure box will be divided into a certain amount of shares. And all users watching broadcast are able to gain at random. All RealLink mined will be distributed to all users and streamers at random. Significantly, all mining records’ signature will be stored in blockchain.

Generally speaking, you can mine RealLink via both broadcasting and watching stream on BuzzCast.

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Technology

What is Blockchain and What are its Use Cases?

Blockchain is famous as the technology that powers cryptocurrency, particularly bitcoin. But blockchain has outgrown the realm of cryptocurrency. Now, its popularity has expanded into the area of decentralized application development. With that, the relationship of the business world with blockchain has entered a new phase. Businesses are now peculiarly eager to explore how blockchain development can deliver solutions for the practical needs of businesses.

Before discussing the business-relevant innovative use cases of Blockchain technology, let’s understand the framework of blockchain in detail.

What is Blockchain? 

For maintaining the records of transactional data, businesses need to use some kind of ledger system. It can be the register copies, spreadsheets, or digital databases. In a similar context, Blockchain is a new-age ledger system that maintains the history of transactional data (records) in blocks that are then chained together in chronological order. But, the blockchain mechanism is unique in many regards.  

How Blockchain Works?

To understand how blockchain works, think of a peer-to-peer network of multiple computer systems. Let’s call these systems ‘Nodes.’ Each computer or node in the blockchain network will have duplicated data, which means all the computers will have the same data. This keeps the blockchain data decentralized. No particular Node owns the blockchain.

As mentioned, data in a blockchain exists as chained blocks. To add new data (block) to the blockchain, it is obligatory to get the transaction (data) validated by the majority of nodes in the network. Even, if someone wants to update any information in an existing block, then also it has to get verified by the majority of the nodes. 

The important point to note here is that once data gets stored in a blockchain it becomes immutable, which means it can’t be reversed, deleted, or tempered. So, whenever one tries to update the data of an existing block, the updated information gets stored in a new block altogether. Then that new block gets added to the chain in chronological order. Thereafter, the updated blockchain gets duplicated and distributed among all the computers in that blockchain network, and this happens in real-time.

Use Cases of Blockchain Technology  

  1. Smart Contracts: Blockchain-based contracts are digital contracts that facilitate the transfer of sensitive information between two or more parties without involving any intermediary. It can be enforced in real-time, and can also be automated. Smart Contracts ensure the security and credibility of information. 
  2. Internet of Things (IoT):  IoT devices are vulnerable to hacking as data can be breached through a single connected device. Blockchain-based solutions like decentralized credential verification and biometric authentication can make IoT devices tamper-proof.
  3. Money Transfer: The most excellent use case of Blockchain is related to money transfer and payment processing. Blockchain technology is the effective and transparent solution for monitoring cryptocurrency exchanges, regulating compliance violations, identifying fraudulent transactions, controlling money laundering, and much more.
  4. Personal Identity Security: Major work is happening in the space of blockchain development to build solutions that can combat crimes like personal identity theft, hacking, violation of personal files, documents forging, etc. Blockchain is the ideal decentralized and immutable ledger for storing crucial personal information like social security numbers, addresses, birth certificates, PAN, etc.
  5. Logistics: The logistics industry struggles with the issues of data silos and poor transparency in communication. This is where the transparent record-keeping model of blockchain comes in handy, as it can validate information sources, track the information trail, and keep it secure.
  6. Media houses can use the blockchain to establish and validate their ownership over the content and save it against stealing. 
  7. Blockchain is also an effective solution to record the ownership of expensive items like diamonds, cars, lands, houses, etc.

The Final Words 

Blockchain ledger system is so powerful that it can’t be cheated, and this enhances trust in financial transactions and the record-keeping mechanism of the blockchain network. Also, because blockchain transactions don’t require intermediaries, so processes get more efficient, prompt, and less expensive. No surprise, businesses are interested in adopting technology like that. 

Different blockchain development platforms like Ethereum, Ripple, Corda, EOS, Hyperledger Sawtooth, etc. are facilitating the hosting and development of blockchain-based software suite.

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Uncategorized

Turn The Thinkium Public Blockchain Growth Flywheel

What is a Thinkium Flywheel?

Thinkium is an all-around public blockchain network, which achieves unlimited scalability at a linear cost by running through a multi-layer multi-chain structure and integrating Layer1 + Layer2 technologies.

“Thinkium flywheel” reflects the ecological development rhythm of Thinkium public chain, which is mainly composed of three flywheels and six elements.

The three flywheels are Technology Drive Wheel (TCN), Application Drive Wheel (AUCT) and Financial Drive Wheel (FAU). The interrelationship of several elements in each flywheel represents the cyclic promotion of development.

The six elements are Technology, Community Consensus, Application, User and Finance.

How does the Thinkium Flywheel work?

1. A technology-driven growth flywheel

Advanced technology attracted early community partners to join in, creating an early community consensus.

2. Application-driven growth flywheel

The richness of the scenarios attracted more users to use them, leading to a broader consensus in this new world of trusted digital applications.

3. Financially-driven growth flywheel

The value of the application itself or the goods and services on the application constitutes a benign input of the value of digital assets, which enables some users to participate in a series of financial scenarios, such as trading, lending and financing.

The secret weapon of Thinkium flywheel keeps turning

Explicit choice

Thinkium public chain did not “choose” ICO (Initial Coin Offerings) to raise capital. What Thinkium public chain chose was a more healthy and stable development path — positioning as the underlying infrastructure of blockchain, building more nodes and practicing more applications while updating technologies. Let the ecology of Thinkium public chain gradually prosperous.

Strong willpower

With an “explicit choice” basis, each link in the Thinkium public chain flywheel will gather every kinetic energy, unswervingly promote the rotation of the Thinkium flywheel.

Now, the Thinkium flywheel has been turned, based on the community consensus of Thinkium, while building nodes, while doing applications, “two legs” balanced development forward.

With the increase of the number of nodes and the gradual prosperity of the Thinkium ecology, the Thinkium flywheel will rotate faster and faster, and finally form a continuous and stable rotation situation.

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Technology

Navdeep Arora Explains About Blockchain

“it an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”

Blockchain is a write only database, where all participants have identical copy of information. The information stored is timestamped and the data is cryptographically secured

Blockchain network functions as

  • a backend database that maintains an open distributed ledger
  • an exchange network for moving value between peers
  • a transaction validation mechanism that does not require intervention from an intermediary 

How & Why does a Blockchain work in Insurance?

Like multiple other business application due to it’s de-centralized, distributed ledger & security, Blockchain is used in insurance in multiple ways

Decentralised Validation – The data is packed into blocks that can only be added to the blockchain after consensus is reached on the validity of the action, Thus allows participants to place their trust in transactions even in the absence of a central authority, thus enabling disintermediation.

Redundancy – The blockchain is continuously replicated on all or at least a group of nodes in the network. Thus, no single point of failure exists. 

Immutable Storage – Each stored block is linked to its previous block in the chain, making it almost impossible for hackers to change subsequent blocks, as they would have to manipulate any succeeding block plus most replications. 

Strong Encryption – Digital signatures based on pairs of cryptographic private and public keys allow network participants to authenticate which participant initiated a transaction, owns an asset, signed a smart contract, or registered data in the blockchain. 

Smart Contracts – Blockchain enabled platform can be used for smart contracts, which are small programs running on a blockchain and initiating certain actions when predefined conditions are met. 

Five core blockchain capabilities hold tremendous promise for enabling the Insurance ecosystem

  1. Distributed Ledger
  2. Security & Cryptography
  3. Validation & Consensus
  4. Transparency & Auditability
  5. Cryptocurrency & Bitcoin

Most of the credible and scalable use cases adoption in Insurance so far have come from three areas

  1. Overhead & support functions, Procurement, and Finance/ Re(In)surance accounting
  2. Reinsurance contracting across Life, and P&C
  3. Distribution, underwriting, servicing and claims mgmt. of microinsurance products (fixed benefit life & health, motor); Parametric insurance

What are the Lessons from the banking sector for Insurance?

The banking sector’s experience with Blockchain offers a useful lesson for Insurance

  • The R3 consortium has pivoted and successfully focused on more achievable, short-term problems such as KYC, AML, credit card authorisation and fraud, and cross-border payment reconciliation, after initially struggling with the complex global payment infrastructure and governance
  • B3i, RiskBlock Alliance, ChainThat, and iXLedger are some of the platforms that are working with the Insurance ecosystem to build ‘blockchain interoperability’ rather than ‘winner takes all’

What are the possibilities from blockchain in insurance value chains? 

The possibilities from blockchain technology for the life and non-life insurance value chains are indeed compelling. Capturing this opportunity will require insurance incumbents to proactively work across four dimensions

  • Diagnosing and prioritising use cases, POCs, and full scale production across the value chain
  • Working with the digital ecosystem (incubators, start-ups, regulators) to leverage partnerships/ alliances (rather than waiting to build inhouse)
  • Standardising  internal organisation, processes and technology to enable blockchain interoperability
  • External connectivity with  blockchain platforms and consortia

Technology and digital trends are reshaping global demand and supply of insurance. We can certainly say, Blockchain disruption is one of them which has just began and is here to stay.

About Navdeep Arora

Navdeep Arora is a seasoned strategist, advisor, and investor in Insurance and Financial Services. Navdeep’s particular focus and areas of expertise are Insurance Strategy and Innovation. He works across the Insurance ecosystem including Insurance companies, data and technology providers, strategic investors, and start-ups in the InsurTech space.

Formerly, Navdeep Arora was a Senior Partner with McKinsey & Company (16 years), and a Partner/Global Head of Insurance Strategy with KPMG (3 years). Navdeep’s educational qualifications include a Bachelor’s and a Master’s degrees in Engineering, and an MBA from Harvard University.

Connect with Navdeep Arora 

Categories
Technology

International Experts Talks about the Future of Blockchain at World Blockchain Summit Busan 2020

The World Blockchain Summit Busan 2020 brought international technology experts to Busan, South Korea, to discuss the future of blockchain. Anndy Lian, inter-governmental Blockchain Advisor and author of Blockchain Revolution 2020 and Andrew Faridani, President & CEO Breeze Max Web and Forbes Business Development Council were at a panel titled “The Future cannot be regulated”.

“Innovation is the guarantor of future prosperity and not regulation. In order for us to have a brighter future, we need to be innovative now to set a good foundation, and regulations can set in later to standardize. This is how typically sandbox models work, we trial and error, and if the results are good and acceptable, they graduate from the sandbox regime. Singapore’s MAS did a good job for blockchain-driven project, and I believe Busan as the regulatory free zone can take reference from what was done and make it better.” Anndy commented.

Andrew agreed with the points and added: “The companies best positioned to be able to help the authorities make responsible regulations are those companies in industries that have the power to generate the most customers. The leading industry may be the gaming industry, because of its potential to recruit end-users at a rapid rate is probably the biggest out of any of the industries involved right now in the blockchain. Responsible leading companies such as Gaimin, have the ability to be the forerunners of this movement.”

Former South Korea Minister of Environment Lee Maanee and keynote speaker at the event also explained further, “Busan has designated the blockchain special zone and laid the foundation for the public and private sectors to become the leading model of the Fourth Industrial Revolution.”

Park Bong-Kyu, chairman of World Blockchain Summit Busan said, “Two years ago, blockchain was an unfamiliar field, but I thought it will be a new wave that would make a big difference in our everyday life. I learned about blockchain and expanded the community with all my passion. I will continue to educate everyone with blockchain knowledge.”

Blockchain experts from Maker DAO, Conflux, Gaimin.io, Quarkchain were present at the event to lend their support and find out more about the Busan Economic Zone.

The World Blockchain Summit Busan 2020 was held in Busan on 20th February 2020, jointly organized by Blockchain MARVELS and Busan Economic Promotion Agency, and hosted by the Korea CEO Summit, Busan, BNK Financial Group, Korea Blockchain Industry Promotion Association, Korea Blockchain Startup Association, Korea Blockchain Association, Global Fintech Industry Promotion Center, Chungbuk Blockchain and Korea e-Sports Industry Association.

For more information on the summit, go to https://wbsmarvels.com/.

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Media Contact: Jenny Zheng
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International Experts Talks about the Future of Blockchain at World Blockchain Summit Busan 2020