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JPMorgan Experiments On Quorum For Debts Issuance On Blockchain

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Quorum is the technology of focus. JPMorgan, the biggest US-based bank is joining forces with the national bank of Canada amongst others to develop an application for debt issuance with Quorum technology on blockchain.

The app would be designed to perform debt issuance across origination, distribution, execution, settlement as well as interest rate and maturity payments. The intention is to slash the cost and the need for service providers. The leading institutional investors were attracted by the Yankee COD.

Goldman Sachs Asset Management (GSAM), pharmaceutical giant Pfizer and a Legg Mason subsidiary Western Asset, are amongst others that were attracted by the Yankee COD. The attraction is the open-source Quorum which is an enterprise version of Ethereum which is designed for financial institutions.

According to JPMorgan’s Blockchain Program lead Christine Moy, In a press release statement:
“This is an exciting example of how J.P. Morgan leveraged our combined capabilities in capital markets and blockchain technology, delivering results to a diverse set of clients. We look forward to exploring blockchain-enabled capital markets applications … and how working together on open source technology like Quorum can enable and accelerate this progress.”

Amber Baldet was the former JPMorgan’s Blockchain Program Lead, before being replaced by Christine. Amber who was one of the key architects of Quorum left to begin her own company.

Quorum is a move in the right direction, however, it’s not the first of its kind as it follows after UK-based Nivaura in conjunction with Microsoft’s Azure cloud technology. The pair successfully structured nodes to retail investors.

In a bid to showcase the power of Quorum and what it can offer, Nivaura made reference to a retail investment firm that completed a bond issuance last year. In that deal, the expenses were reduced from GBP 30,000 to GBP 50 for the product’s duration.

Banks are beginning to adopt the technology not wanting to be left behind. National Bank of Canada’s David Furlong said: “Blockchain-related technologies have the potential to bring about a major change in the financial services industry.”

GSAM’s David Fishman said: “We’re excited to have the opportunity to learn from this test and to help develop more efficient ways of trading – from providing more transparency to streamlining processes and minimizing transaction costs.”

What’s your opinion about the innovative Quorum technology? Would it stand the test of time and be adopted by users, or will it be just a regular blockchain technology? Let’s know what you think by leaving a comment below.

 

Featured Image: JPMorgan

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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Altcoin News

Vice Industry Token Rewards All Stakeholders in the Adult Industry

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vice industry token to reward stakeholders in Industry

Imagine a word where you get paid to view content. In fact, where everyone involved gets paid – from the producers, all the way to the consumers. This is VIT’s vision for the future. VIT was developed because most players in the vice industry online are not okay with the way things are done now.

At a time when adult content generates 30% of all traffic online, very little money is actually generated back to content owners and producers and not one penny goes to the viewer.

Vice token has completely replaced the current commercial model with something revolutionary, disruptive and elegant. A model where all parties involved from the producers to consumers get paid.

Disruption

This is the next stage in the evolution of online television and video with the revolution and disruption using blockchain and a cryptotcurrency called the Vice Industry Token.

The adult entertainment industry is leading the way and the future of our industry lies in recognizing that consumer attention is a valuable an scare resource in and effectively, and entirely new economy- the Attention Economy.

The Attention Economy

In the attention economy, content producers, curators and consumers all get paid for their participation. Content is produced, tagged by a blockchain enabled platform and curated by channel owners. Consumers view these contents for free in exchange for engaging with it in a specific ways. For example, commenting, up-voting or simply viewing a video for a set period of time.

The Vice Industry Token

These digital engagement, generate a proprietary cryptocurrency called the Vice Industry Token. Which is then used to compensate viewers, curators and producers for their participation. The attention pays producers for content consumption even in cases where their content is mashed up or other wise re-used. This leads them to invest in creating better quality content that appeals to consumers. Popular content creates higher engagement levels, which generates more revenue and the cycle continues.

Reward for Curators

Curators are financially incentivized to offer high quality and more popular contents and to attract the viewing public. The combinations of high volume of traffic and poplular content, lead to greater consumer engagement which means which means greater revenue.

Reward for Consumers

Finally, consumers get paid for contents their engagement in content the are genuinely interested in watching. This engagement model creates a more authentic brand-consumer relationship than the current advertising model and eliminates advertising industry problems like click forward.

The Vice Industry Token and its commercial model, is just the beginning of the future of all online video and television. The team is envisioning a revolutionary future with billions of users.

Visit Vice Token to learn more about the project

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Blockchain News

Cryptotvplus Partners with BitcoinKE to Grow the African Blockchain Ecosystem

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Cryptotvplus and BitcoinKE - Cryptotvplus partners with BitcoinKE

Cryptotvplus and BitcoinKE have entered a partnership to grow the African blockchain ecosystem.

Cryptotvplus and BitcoinKE have reached an agreement to work together with the goal of growing the African Blockchain Ecosystem.

This partnership will enable both brands to reach East and West African markets by introducing projects, developers, and teams working in the blockchain space on both fronts.

Bitcoinke is a Kenyan publisher of blockchain news founded in 2018. It reports on blockchain technology, cryptocurrency news, blockchain events, and analysis of the economy through blockchain.

In a joint statement, Cryptotvplus and BitcoinKE said:

“We propose a synergy between the above mentioned companies for the primary purpose of mutually expanding our reach and creating a global media force in the African Blockchain Ecosystem.”

The joint partnership will see content sharing between the two players that includes press releases, newsletters, infographics, videos, podcasts, cross-marketing content, and product mergers with common ground.

As BitcoinKE, we’re confident that this partnership will have a positive impact on our traffic and will enable featured projects and products reach a much wider African and global market.

– BitcoinKE

Partnership is not unusual in the blockchain space. In our recent article, we brought to you the update of our recent partnership between Cryptotvplus and Bitmama.

Just in case you don’t remember, it is in Cryptotvplus interest to keep her community synced with the latest news and Information on cryptocurrency and Blockchain technology in Africa and beyond.

We are thinking to expand the services by working in close partnership. This partnership will help improve our  campaign for awareness. It will help us provide newer services in the space.

– Tony Emeka CEO Cryptotvplus

Efforts to reach wider Africa are underway to further grow the African ecosystem.

Congratulations to both parties on the recent achievements in the blockchain media space.

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Adoption News

Don Gilead:  Contributing to Blockchain Mass Adoption through Sanitary Kits

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Don Gilead:  Contributing to Blockchain Mass Adoption through Sanitary Kits

Sisibox to Help Women with Menstruation Challenges

Finding real-world use for cryptocurrency that will attract mass adoption has been the aim of many crypto enthusiasts. However, it would seem that Don Gilead Oyendika Okolonkwo has found the perfect real-world use case.  His solution is pegged on sanitary pads for women called SISIBOX.

How did Don Gilead, Chairman of BeepMagnet International Group get to create this awesome product pegged on cryptocurrency? He explains his journey, strengths and challenges with Cryptotvplus in an interview.

 Before Sisibox

Before becoming the chairman of BeepMagnet and dabbling into the decentralized world, Don Gilead had always been a tech lover interested in finding alternative means of payment. He was the founding president of SaveQuick Cooperative Investment Limited in 2012, he also dabbled into e-Gold as a means of payment about 6 years ago. However, it was about 4 years ago that he had an encounter with cryptocurrency. He explained that he met Mr Greg, the PRO of the GoldCoin Community and that encounter fostered his interest in cryptocurrency.  He added, “I heard about the name “Satoshi Nakamoto” and I decided to do my own personal research. I was intrigued about the power of decentralization, trust and the almost unhackable nature of the technology considering its mode of operation.”

GoldCoin was officially the first cryptocurrency project Gilead would be involved with. His passion to find out more about the benefits of cryptocurrency to the African continent led him to meet some amazing members of the GoldCoin community and eventually becoming a part of the community himself. In his own words,

My hunger to make this technology accessible to Africans led to my invitation to be part of the Core Team of GoldCoin Project to Lead Africa. Being in the team, I learnt a lot about Blockchain Technology and Cryptocurrency from the position of Technology, Innovation and Problem-solving.

He was fascinated by the blockchain technology and the possibilities it presented. To him, the technology provided a safer means of carrying out a transaction. He described it thus,

“I was fascinated by the process it would take to hack the blockchain, it would be better you follow the algorithm or rule embedded in the algorithm in other to be rewarded than to try to alter the record in the Ledger. To think about hacking the blockchain will mean to imagine altering all the computers that have a copy of the ledger.”

The Solution and the Challenges

After considering the immense benefit of the technology, it was time to create a solution that will solve the financial problems facing the African continent. His company BeepMagnet International Group formed the firm’s slogan “Matching Technology with Innovation” which symbolizes his zeal to solve real-life problems with the blockchain. He explained,

“As an African and as a Nigerian, there were many problems that GoldCoin could not solve. This was because it was an abstract that can only be understood by an intellectual since it cannot be connected to immediate proof of USE. It was almost impossible to get adoption in Africa. This was the trigger of developing a blockchain solution to solve African challenges.”

He, however, met with challenges on his way to creating a real-life use case of cryptocurrency in Africa including losing money in a lot of scam projects as well as finding it difficult to convince people of the true qualities of cryptocurrency because of the Multi-Level Marketing (MLM) and pyramid scheme notions attached to it.

Undeterred by the challenges, Gilead is working hard towards solving the challenges facing the African society. He explained,

“We missed out in the Industrial Age, we also missed out in the beginning when Bitcoin was at its inception stage. If we must stand tall, Africa needs to embrace Blockchain technology and cryptocurrency and implement this to solve specific problems. In the last 4 years, this is what BeepMagnet International Group is committed to actualizing.”

To Gilead, his definition of the blockchain is “a trusted record that is open, transparent and almost impossible to hack or alter. It is a record that is not controlled by an individual or a centralized system. This record keeps every detail to the minute of split seconds when the data was inputted. Time, date, unit, transaction number, a hash is encrypted using the most advanced security known as cryptography.” He believes that the blockchain is “the QUANTUM revolution that will advance Africa in the Social Economic placement among other continents.”

As the Chairman of BeepMagnet International Group, Gilead shared his passion for the blockchain space. He described the loyalty space as an untapped industry and described the industry as one he is passionate about revolutionising.  He explained his efforts thus far, “We started the drive from the traditional point of view leading to the development of an offline payment solution that supported e-Thrift and Cashback to Cooperative Members. Later, we advanced to creating customized ATM Cards in partnership with local Nigerian Banks to give out Discount Cards that can be used to shop at patterning Merchant Stores when you are a holder of the Card. As time went by, we partnered with an International Company to provide this for Nigerians. The card was BeepXtra Cards.”  

BMCT – Solution to Merchant Adoption

However, they ran into a hurdle and had to deal with the problem of merchant adoption. To create a solution, the BeepMagnet International Group had to develop the World’s Foundation of Consumer Loyalty known as BMCT (Blockchain Merchant & Consumer Token). The aim of creating this token is to strategically position Africa at the centre of the blockchain space. So far, the company has created 11 use cases in its drive to solve the problems common in Africa.

Sisibox – Proof of Use for BMCT

BeepMagnet has created several products solving real-world problems pegged on its cryptocurrency the Blockchain Merchant and Consumer Token (BMCT). And one of such problems is the problem of mass adoption of the blockchain technology. To encourage women into the space SISIBOX, a Premium Brand of Lady Sanitary was created as a proof of use for BMCT. The aim of this product is to encourage women into the blockchain space as well as provide a means providing women with emotional and financial support during their menstrual cycle. The unique feature of BeepMagnet’s product is that they are intertwined.  Sisibox is a product under BeepHealthCare which is also a product of BeepMagnet which aims to give individuals and families access to premium healthcare insurance from the best hospitals in Nigeria. The company also has MobDoctor, a mobile application that connects Doctors and Patients all over the World. The aim of this product is to reduce improve medical consulting across the African continent.

Gilead reveals that the company also has a product to solve the problem of Mass adoption of blockchain by merchants globally called QDiscount.  To solve the problem of remittance in Africa, BeepXchange, a subsidiary of BeepMagnet International Group was created. The company also has another product called Quick credit which aims to solve the problem of Credit Ranking although it is yet to be unveiled.  The gaming sector is not left out as BeepMagnet spread its tentacles across industries. MobGames is a live game solution designed for live tournaments across GYMs and Hotels in Africa.

Gilead is not yet done with the blockchain space as he still has plans for the industry. He details his milestones to include; “Empowering and attracting women to blockchain using sisibox. It is our objective that every African lady takes advantage of sisibox. Sisibox premium brand of Lady Sanitary is made from the best materials. It contains Anion Sanitary Napkins, Panty Liners and Ovulation Strips and a crypto-fiat voucher that rewards every user with cashback in BMCT and Commissions in Fiat.” He also aims that in the following years, his company BeepMagnet will be able to see the release of its products to Africa in particular and the world at large. He also hopes that his firm will “lead the Development of a Blockchain Voting System that is rig and hack proof and can be deployed in any form of voting or poll system.”

Confident of how his projects are contributing to creating mass adoption in the blockchain technology, Gilead explains, “All our projects are not white papers. It started as a proof of concept to proof of use. All our projects are solutions to existing problems bedeviling Africa. We have integrated empowerment into all these projects to propel the will to act and attract as a lot of New Breed into our community.” He goes on further to cite examples stating that women can earn as much as 2 million Naira every four months through Sisibox. He also explained that MobDoctor will increase mass adoption as people are in need of consultancy services and for every time MobDoctor provides access to the best Quality Consultations from Qualified and renowned doctors across the globe, one more person has gained knowledge of the blockchain technology and its use case.  

To have a great company one needs to be surrounded by a great team of individuals, Gilead shares with us information about his team and the driving force behind their success. “BeepMagnet International Team was drawn by the vision of the Group. The Team is dedicated as the see technology and innovation as a way of life. The attraction s decentralization and Interests protected in BMCT Blockchain which is the tie across all subsidiaries.” To inspire the team members the company has adopted a different business model. Gilead describes the model saying, our model is designed that everyone drives our business model with his or her ID No/Affiliate No. This means that as soon as you join BeepMagnet Group, you become a promoter or an ambassador. Whatever your effort achieves is 100% yours- this motivates everyone. I have also set an example for transparency, my team members are the first to hear the concept, we review, and we allow for joint contribution. So that makes it our project, whenever you see your contribution being implemented.” Gilead is really adopting the term decentralized in his organization.

When he isn’t working on his blockchain projects and travelling across the globe, Gilead can be found on Facebook, LinkedIn and on Twitter

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Adoption News

Governments In Africa Will Welcome Blockchain Technology – Lucky Uwakwe

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Lucky Uwakwe - African Government will welcome blockchain technology
Lucky Uwakwe shares his views on African governments and Blockchain adoption with Cryptotvplus.

It is no news that a lot of enthusiasts in the blockchain space only show commitment to the projects they handle or the ones which give them maximum returns. It is not everyday you get to meet an enthusiast in the space who is quite passionate about getting the government on board this moving train.

Interestingly, in a recent article published by CryptoTVPlus, some African governments are already piqued by blockchain.

However, Lucky Uwakwe is positive that all African governments will finally come to terms with the versatility of the blockchain in the nearest future.

Here is an overview of the conversation we had with Lucky Uwakwe:

In your own words, what would you say blockchain is?

Blockchain is a persistent record of ownership transfer, that is publicly available for examination by all aspects of people. It is permission less to use and no trust is required toward any third party when using it. It is immutable.

In a few words tell us about your journey into the fast emerging Technology. When, how and through what means did you hear about Blockchain and Cryptocurrency? 

I learnt about bitcoin and blockchain from research in the CYPHERPUNK community,  during an online research in 2008, but I never fully grasp the importance until about 2010/2011 with bitcoin and the Mt gox exchange (magic the gathering of exchange)  after that I use to read Vitalik Buterin(ethereum founder)  Articles on bitcoin blockchain back then, when he was a writer on bitcoin

In what areas of blockchain are you most passionate?   

Education and Consulting with Service of smooth user friendly digital exchange.

What is your product all about? What challenges or problems have you identified? How will your innovation use the blockchain to solve these problems? 

CURRENTLY as I speak, we see that some countries in the world especially in Africa buy digital asset at a premium, and pay higher fee which is higher than some region. Another problem Fiat based crypto exchange is different and crypto- crypto exchange is also different.

We have built a solution to cover all that, making it easier for people to trade and convert over 200 crypto to crypto , or crypto to fiat,  all in one place. also transfer in the exchange is free, from OTC fiat section  to the crypto exchange of our exchange, we even do free deposit fee, and our withdrawal fee is lesser than what is currently available in many exchange in the world.

We have exactly combine liquidity of Huobi which is one of the top three crypto to crypto exchange in the world, but we have added easy fiat for African and have open African customers to the rest of the world. With our partnership with Huobi cloud, security is paramount. we are called SaBi, we provide users across the globe to either use our Crypto to crypto or fiat to crypto,  we have open a continent to the rest of the world, so customers in other continents can trade with other continents including Africa. All in one place.

What milestones do you hope to accomplish in the coming years in the Blockchain Industry?

To see that government Across Africa welcome blockchain technology and digital currency, and to ensure we have a strong community of women and house wives who are professional traders on SaBi making a living to support there family and the continent at large. So that they can become independent.

Our goal is to see that we return 30-60% profit made from SaBi exchange back to our active users and the community to support poor African community, lacking basics facilities like Schools,clean water, hospital and food. This we will do through SaBi exchange with our partnership from Huobi cloud

How is your Project contributing to creating blockchain awareness and in turn Mass Adoption?

My company has been at the fore front of positive awareness with the government and community across Africa and beyond, a simple google search of my name Lucky Uwakwe  will show quite a lot,  but as a company we continue to create a cooperate awareness with institution making our authority responsible for enacting laws that will shape the future of Blockchain in our continent.

Tell us about your project team? How did you come about the team? How do you  inspire them to give their best? 

I actually don’t inspire my team, my team inspire me. They are the best brain out there, why tell the best what to do? Rather they inspire me and we work towards a common goal. Currently my team have been one of the best to work with in one project,  my project team members are from or based in China, Canada, Singerpore, Japan , Nigeria and Taiwan.

Most of them have over 3-10years+ background in Tech, Finance and Wall Street and Blockchain space. My Nigerian based team all have experience in the Blockchain space,  I am a certified cryptocurrency specialist (C.C.S) and still current  MSc in Digital currency and Blockchain Technology at the University of Nicosia Cyprus.

My Co-founder Mr. Peter Huang is a Chinese with experience Tech and Engineering company, from Beijing China, my Designer Kayode Iyanu owns SirfiTech in Nigeria capital city and the entire team of Huobicloud in Asia are working with us, from Mr. David Chen a Canadian, Mr. Jack Lee in  Shenzhen china , Mrs. Margaret Tang,  all from Huobi cloud, we have a rich diverse team across the world and many more working behind the scene working to see SaBi meet every standard before we Lunch by February 2019.

Mr Lucky Uwakwe is the Co Founder of Cheetah Africa.

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