IBM Blockchain Collaboration Brings Forth New Platform for Industrial 3D Printing

The additive manufacturing industry has experienced significant growth in recent years and is continuing to grow rapidly. This includes automotive, aerospace, and medical technology industry sectors, to name a few.

The market is growing due to 3 major factors. Additive manufacturing allows for more efficiency, flexibility, and monetary savings. If a new part can be created to meet a new requirement or if a spare part can be created rather than finding and waiting for one to arrive, it saves everyone time, energy, and money.

It also allows for the creation of unique parts or smaller quantities which has been a difficult feat for manufacturing in the past. However, for 3D printing to go mainstream, it requires the creation of a platform and so, thyssenkrupp and IBM are doing just that.

Essentially, customers will send their plans and designs in the form of CAD files. Because this information is so valuable to these companies, it is important that their intellectual property is properly secured. The need for decentralization is important so that not only the data is protected, but the usage of this data is monitored. thyssenkrupp propelled the idea and IBM complimented this innovation with its Blockchain technology.

The new platform will allow for smaller companies to access additive technology without all of the difficulty and expense. It will also streamline planning and ensure greater quality control in manufacturing.

Combined, the Blockchain technology of The Linux Foundation’s Hyperledger Fabric provides traceability and consistency and the Industrial Data Space (IDS) provides for secure data transfer. What is crucial is that companies maintain control of their data and can enforce whatever privacy measures they see fit. Data can therefore only be accessed by approved partners upon request.

On the other hand, the Blockchain technology allows for transparency in individual exchanges between network partners.

In terms of the additive manufacturing industry, the consulting and design provider chooses a 3D printer after a bid, a “smart contract” is then created and the data is securely transferred through IDS. All information is stored in the Blockchain in case it is required in the future. Everything is traceable which is what manufacturing companies were looking for.

The benefits of such a network are endless, but a Blockchain solution must be proven valuable to all partners. The partnership of thyssenkrupp and IBM demonstrates that individual members do benefit in an additive manufacturing situation.

This led to identifying the first potential participants and their partners as well as other potential uses of the technology. What is so significant is that the design of the project keeps the user in mind from start to finish.

This ensures that the creators focus only on what is necessary and what adds value. The successful collaboration between thyssenkrupp and IBM and the integration of Blockchain technology and Industrial Data Space (IDS) proves to be the future of a digital platform for a more secure and faster way of sharing intellectual property.


Dubai Endorses Blockchain Platform From Major Local Telecoms Operator

The blockchain platform built by one of the United Arab Emirates’ (UAE) two telecoms operators has received an official endorsement from the government as part of the country’s blockchain integration, executives confirmed in a press release on April 3.

Du, formerly known officially as Emirates Integrated Telecommunications Company, created its Blockchain-Platform-as-a-Service (BPaas) to offer cloud-based private blockchain hosting compatible with both Ethereum (ETH) and the Hyperledger Fabric.

Now, the platform has received the seal of approval from Smart Dubai, the government organization in charge of transforming state-level services with the leveraging of disruptive technologies by 2021.

“The Dubai blockchain agenda is an integral strategy for the city’s future and we are proud to be a key enabler for the digitisation of the government,” Farid Faraidooni, du’s deputy CEO of enterprise solutions, commented in the press release. He added:

“By building on top of our BPaaS to support the country’s digital transformation, our blockchain endorsement by the Smart Dubai Office is an important step towards providing smart solutions that create efficiencies for government transactions leading up to 2021.”

The announcement comes the same week as the UAE hosts a dedicated conference on blockchain’s role in the aviation industry. Last month, a similar conference addressed cryptocurrency more directly, with authorities hinting at the need for supportive regulation of the phenomenon.

Smart Dubai, meanwhile, also aims to implement advances such as Internet of Things (IoT) and artificial intelligence (AI) as part of its roadmap.

“The city of Dubai has pioneered blockchain from the onset and continues to be a global leader in providing new and improved ways to implement and set the future roadmap for the evolution of this ground-breaking technology,” Smart Dubai CEO Wesam Lootah added.

Cointelegraph has previously provided a comprehensive summary of Dubai’s blockchain plans.


Crypto Trading Platform Liquid Hits Unicorn Status With Over $1 Billion Valuation

Japanese crypto trading platform Liquid has hit unicorn status with the first close of an ongoing Series C funding that puts the company valuation at over $1 billion. The news was reported by Cointelegraph Japan on April 3.

Liquid’s parent company is Quoine, a global fintech company licensed by Japan’s Financial Services Agency.

As Cointelegraph Japan reports, the fresh funding and new valuation makes Liquid the country’s second unicorn in the tech startup space — the other being artificial intelligence firm Preferred Networks, which is backed by Toyota, Fanuc, Hitachi and others.

The first close of Liquid’s Series C has reportedly been led by American investment firm IDG Capital, with participation from major Chinese crypto mining manufacturer Bitmain Technologies.

IDG has previously invested in other major crypto industry players such as CoinbaseRipple, Kakao’s crypto unit and Bitmain itself. Bitmain’s participation reportedly marks its second backing of a regulated digital assets trading platform — following its contribution to a Series B round for crypto and derivatives exchange ErisX in December 2018.

Katsuya Konno — representative director & head of Quoine’s CEO office — told Cointelegraph that the new funding will be used to fuel global expansion, product development of the core trading exchange business and entrance into the security token market.

Cointelegraph Japan notes that notwithstanding Liquid’s unicorn valuation, the funding sealed in the Series C thus far is relatively small, amounting to $1 billion yen (~$9 million).

Liquid had previously raised over $20 million from venture funding, which included major Japanese investment firms JAFCO, SBI, B Dash Ventures, Mistletoe and ULS Group.

In 2017, Liquid had raised over $100 million in an FSA-regulated, pre-discounted initial coin offering (ICO) raise.

As previously reported, major American crypto exchange Coinbase became the industry’s first unicorn after it raised $100 million in August 2017, implying an enterprise valuation of $1.6 billion. More recent reports have suggested the platform could have surged to a valuation of as high as $8 billion in its fall 2018 funding negotiations with Tiger Global and others.


Tron Supports Gambling DApps Restrictions in Japanese Market

Blockchain-based decentralized application (DApp) platform Tron pushed to remove gambling DApps in the Japanese market to comply with local regulations, according to a press release published on March 31.

Per the statement, the company intends to adhere to local laws and regulations in the countries it works in. Therefore, the firm has decided to support gambling restrictions for Japan-based users through a series of recommendations for developers, as gambling is generally prohibited by the Japanese criminal code.

In order to remove gamblings DApps from the Japanese market, Tron suggests that Japanese DApp developers not launch any such apps on the company’s platform.

Moreover, developers working with gambling apps as a whole are recommended to block users with Japanese IP addresses. Tron also asks them not to facilitate the use of apps for local gamblers.

According to the release, Tron will further collaborate with the Japanese government and provide them with all necessary data in case of violations.

Tron, the firm behind TRX, the 11th top crypto by market cap, has recently acquired blockchain app store CoinPlay. The company wants to aggregate a wide range of blockchain apps and DApps on one platform, eliminating the need to search for them separately at conventional app stores. Last month, HTC’s blockchain-centric smartphone Exodus announced a partnership with web browser Opera and support for multiple DApps on the phone.

At the end of March, Bloomberg analysts wrote that the Ethereum (ETH) network, built for the development of DApps among other things, is losing ground to platform like EOS and Stellar, with Tron also showing a similar percentage of DApp users to ETH.

Last year, Tron revealed its plans to launch a blockchain gaming fund dubbed TRON Arcade, which is reportedly set to see investment totalling $100 million over the next three years.


AltDex Launches Blockchain Gaming Index

AltDex announced on Twitter the launch of its new AltDex Blockchain Gaming Index. The video gaming industry is developing and it is starting to include tokenized in-game assets. A few of the coins on the AltDex Gaming Index are:

  • Theta Token (THETA)
  • Enjin Coin (ENJ)
  • WAX
  • Decentraland (MANA)
  • Kin (KIN)
  • Loom Network (LOOM)
  • MobileGo (MGO)
  • DMarket (DMT)
  • Reereum (RFR)
  • GameCredits (GAME)
  • Unikoin Gold (UKG)
  • Plair (PLA)
  • BitGuild (PLAT)

Tom Stanewicz, AltDex’s co-founder and SlugerFeed Editor stated,



Gaming Startup Announces Global Licensing Agreement With Formula One

Blockchain startup Animoca Brands announced it had signed a global licensing agreement with Formula 1® to publish a blockchain game based on the world-renowned racing series. The news was revealed in a press release from Animoca published on March 26.

Formula 1® — which reportedly draws ~1.6 billion television viewers across over 180 territories and engages 506 million fans worldwide — has reportedly signed a licensing agreement that will allow Animoca to publish a blockchain game “F1® Delta Time,” based on non-fungible tokens(NFTs).

The forthcoming blockchain game F1® Delta Time — the first phase of launch being set for May 10 — will reportedly have a collectible component based on NFTs, as well as a racing component that utilizes those NFTs.

The press release highlights the significant brand power of Formula 1® and the new licensing agreement’s potential to broaden consumer exposure to blockchain.

Since launching its inaugural FIA Formula One World Championship in the 1950s, Formula 1® now reportedly runs 21 races in 21 countries across five continents each season, with a reported 4.1 million annual race attendees.

Animoca claims the blockchain game will deepen fan engagement, and that the partnership aligns with Formula One owner Liberty Media’s aim to improve fan experience via significant investments in new technology.

To press time, Formula One has not responded to Cointelegraph’s request for comment on the development.

As previously reported, in December 2018, Animoca Brands entered into a licensing agreement with Atari — famous for being the developer of iconic video games such as Tetris and Pac Man. The rights agreement will allow Animoca to produce and publish blockchain versions of Atari mobile games “RollerCoaster Tycoon Touch” and “Goon Squad” in most jurisdictions worldwide.

In February 2018, Atari saw its share price skyrocket by over 60 percent after announcing that it would be investing in cryptocurrency.

During a recent appearance at crypto event Token 2049 in Hong Kong, Ethereum (ETH) co-founder Vitalik Buterin argued that blockchain applications outside of finance still face more difficulty gaining traction and acknowledged that developments such as NFTs and gaming can help broaden the technology’s outreach.


BitTorrent to Release P2P Social Media App BitTorrent Live

Tron (TRX)-owned peer-to-peer (p2p) software company BitTorrent announced that it will release the public beta version of its decentralized social media app BitTorrent Live in Q2 2019 in a press release on March 27.

Per the release, the company started offering early access to the BitTorrent Live streaming service today. The app, a video-based social media platform seemingly similar to Snapchat and TikTok, allows its users to create live content and connect with other people through mobile devices.

The service will also reportedly let its users livestream from anywhere they have access to the internet while viewers will be able to instantaneously give feedback and likes. The app’s users can also search for subjects in which they are interested.

BitTorrent Live is not actually new, in 2012 Bram Cohen — the author of BitTorrent — said that his goal with the platform was “to kill off television.” While the software is not new, its character has changed much over time.

The first version of BitTorrent Live was mostly just a new content delivery protocol, not a social media app. The initial version of the application was shut down after the company unsuccessfully attempted to raise funds to spin it off as an independent business in April 2017.

In January, former chief strategy officer at BitTorrent Simon Morris said that Tron will not be able to manage the transaction volume needed to ct. Morris stated that there is “no way” the Tron blockchain could handle the transaction volume that the system would require.


Platform Takes on YouTube and Spotify to Protect Copyright

A blockchain platform is enabling creators to share their music, videos and webtoons with the masses, all while ensuring that their copyright is protected.

ContentsDeal says it aims to simplify the “complicated distribution structure” that is seen across the media world today, a structure which often means it can be difficult for talented artists to make a profit from their works.

The company claims that an extensive range of Korean and global artists have gotten involved with its platform so far, delivering exclusive, limited-edition content to fans.

Changing tune

According to ContentsDeal, the evolution of platforms such as YouTube and Spotify — which enable consumers to listen to music on demand — have been great news for the public but frustrating for content creators. Especially when it comes to young, up-and-coming artists, many of whom have a small following on these platforms, the blockchain project argues that the video-sharing site ends up being a “big loss in compensation for their work.”

Current revenue streams on these platforms often include “annoying” ads which are placed in the middle of videos, or paid memberships which enable users to avoid this disruption altogether. However, ContentsDeal alleges that very little of this revenue ends up making its way back to the content creator.

Indeed, Spotify has been a long-running sore point for artists — and according to CNBC, payments through this platform can vary anywhere between $0.006 and $0.0084 a stream, meaning one million plays of a song would may only generate a maximum of $8,400. Even all of this doesn’t necessarily go to a performer once songwriters, producers and record labels are brought into the equation.

The solution

ContentsDeal says it aims to remedy this through a protocol known as Proof of Copyright — or PoC for short. It has already begun to make inroads within the music industry after striking a partnership with the Korean Management Foundation, which works on behalf of big names including Ariana Grande and Justin Bieber. It has also forged connections with the K-pop music industry in the hope that top talent on its platform will encourage others to sign up as well.

“People who participate in the ContentsDeal ecosystem will experience safer and enhanced transparency in their content trade… and get more top-tier music,” a Medium blog post added.

The startup also plans to help the webtoons industry, and claims that platforms have been failing to develop at the same pace as content creators. The blog post adds: “This instability of the webtoon industry structure is counterproductive in regards of growth and fresh content, thus the need for a fair copyright policy is crucial for its survival.”

ContentsDeal officially launched on Jan 29, and a series of events have been taking place to help the platform gain momentum. Users are being invited to take place in a test transaction contest so they can help the company ensure that its system for purchasing and reselling content is fully functional. The startup is also inviting the community to share feedback about their experiences while using the platform — especially if they’ve got any ideas for improvements or have encountered any bugs. Looking ahead, ContentsDeal is hoping to forge new partnerships to enhance the breadth of music, webtoons and videos on its platform.


South Korean Messaging KakaoTalk app Partner for Blockchain Payment

Kakao Corp, a major Internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and an Ireland-based ticketing startup have signed a partnership agreement to develop a blockchain-based payment system. Irish business news outlet Fora reported on the partnership on March 23.

The new partnership agreement will focus on applying the former’s blockchain platform technology Klaytn, the brainchild of Kakao subsidiary Ground X, to both a blockchain-based payment system and on analytics applications with Irish startup Festy. In mid-March, Ground X’s Klatyn announced that they had plans to repeat their initial coin offering after already raising $90 million from investors.

Klaytn’s Medium page had first announced the Festy partnership on March 22, and through the two firms’ cooperation, Fora notes plans to launch Festy on the Klaytn platform in July 2019. Commenting on the newly signed agreement, Graham de Barra, the founder of Festy, says that it will be a fully auditable platform based on blockchain technology. He also added that the system will be privacy-oriented:

“We can allow a more transparent system for these transactions, where the consumer can get remunerated for contributing towards the big data that’s being built around them. The more they enrich it, the more they can earn — or they can totally opt out.”

Fora notes that the agreement includes an investment in Festy, with the amount undisclosed.

Last fall, Klaytn’s testnet had been released ahead of its formal launch, which was set for the first quarter of 2019. Soon after, Kakao Corp announced a new partnership agreement with stablecoin project Terra, which will use Klaytn as a blockchain-based payment system.

As Cointelegraph reported on Feb. 14, Kakao Corp had published its its Q4 2018 report revealing that the company’s operating expenses related to new businesses, such as blockchain and AI, reached around $57.5 million.


Samsung SDS President and CEO: Blockchain Can Improve Productivity in Manufacturing

The president and CEO of Samsung SDS — an IT and consultancy subsidiary of the South Korean tech conglomerate Samsung Group — has said that blockchain can improve productivity in the manufacturing industry. President and CEO Hong Yuan Zhen’s comments were reported by local media agency Sina Technology News on March 26.

Sina reports that the executive made his statement during the “Boao Forum for Asia 2019 Annual Meeting,” which is being held in Boao in China’s Hainan province between March 26 and 29.

During a forum devoted to the development of data resources, Hong Yuan Zhen is reported to have underscored the productivity gains that real-time data analysis and prediction can bring in conjunction with blockchain technology:

“In the whole process of supply chain management, communication is very important, data needs to be collected, and through blockchain and AI, we can improve processes and enhance trust so that we can share information better, so a healthy process is established.”

The executive is reported to have stated his belief that digitalization is more than a merely technical process, and that blockchain provides not only technical support, but represents a new concept and provides the ground for new solutions.

As reported, a Samsung official revealed last month that the company’s new Galaxy S10 series smartphones include wallet functions for Ethereum (ETH), Bitcoin (BTC) and two other tokens, one of which will reportedly power the phone’s first partner decentralized application.

Rumors and secrecy had formerly clouded news of prospective blockchain and crypto integration for Samsung’s new phones. In December 2018, Samsung had dismissed the notion of an integrated crypto wallet as “rumor and speculation.” In January, leaked photographs of the new smartphone suggested that the Galaxy S10 would support an Ethereum wallet.

The Samsung SDS subsidiary has previously forayed into the blockchain space via a partnership with major Dutch bank ABN AMRO on a pilot to use the technology for shipping. In summer 2018, Samsung SDS launched its own blockchain platform for finance-related businesses, as well as a further blockchain implementation that targets the logistics industry.


Switcheo Exchange to Launch NEO V3 Trading Smart Contract

The Switcheo team has announced the launch of NEO V3, their latest trading smart contract.

Before the announcement, the company had been developing new features for the NEO V2 trading contract. The upgrade is scheduled to take place on March 25, 2019.

The Upgrade Process

During the update, all trading activities running on the NEO V2 trading contract will be ‘frozen.’ This means that all transactions will be disabled. Also, incomplete orders will be canceled and refunds made to involved users’ wallets. Orders placed on the Ethereum network will continue normally.

Once the NEO V3 contract is up and running, users will have re-deposit their tokens into the new platform. The upgrade is expected to provide a better experience to Switcheo users and improve the efficiency of transactions.

It is worth noting that the automatic withdrawal process uses a queue-based system. This means that it can be time-consuming. To make the process faster, users can initiate it manually on This also moves them up the aforementioned queue.

Also, there is provision for withdrawing the tokens before the update. Details for this procedure are outlined on the Switcheo website.

Features of the NEO V3 Trading Contract

As expected, NEO V3 will introduce several new features to the Switcheo Network. They include;

Atomic Swap and Token Burn

The new contract will support atomic swaps and cross-chain burning of tokens in line with principles of the current contract.

1-to-N Trades

NEO V3 will introduce 1-to-N Trades, allowing users to swap their old tokens for the newer SWTH tokens.

Support for Non-standard NEP-5 Tokens

The new contract will make the Switcheo exchange compatible with NEP-5 tokens. This increases trading options for users on the trading platform.

GAS Claims

Users will be able to claim GAS for NEO tokens held within the new contract. The procedure for this transaction will be publicized soon after the update.

Faster Withdrawals

The new platform will support the parallel withdrawal of the same token. During network congestions, users will be able to charge higher fees for withdrawal transactions. These’ two are expected to significantly improve the turnaround times for withdrawals.

Extensible Contract

This feature will eliminate the need for withdrawing and re-depositing funds during future upgrades on the Switcheo Network.

Fractional NEO on V2 Contract

After the processing of automatic withdrawals and cancellations, trading of GAS against NEO will resume on the NEO V2 contract. This allows users to extract fractional NEO values from the contract. Liquidity will be maintained by the supply of extra GAS at a rate lower than the standard market rate.


Poland’s BitBay Exchange Introduces Crypto to Fiat OTC Trading Desk Service

Poland-based cryptocurrency trading platform, BitBay, has announced the introduction of an OTC trading desk for its clients. The exchange, which happens to be the biggest of its kind in Central and Eastern Europe, has also confirmed the support cryptocurrency/fiat trading pairs.

The BitBay OTC desk will allow clients to transact large amounts of digital currencies at a fixed price. It will enable high net-worth individuals as well as institutional investors to conveniently trade digital assets against popular fiat currencies such as the Euro, the Sterling Pound, the US Dollar and so forth.

Furthermore, the new OTC desk uses a unique technology that combines multiple liquidity pools under a single platform. Traders will also have access to the real-time value of various virtual currencies. This information is vital in choosing what asset to buy or sell as well as the timing of the transaction.

Lastly, the BitBay exchange provides access to a reputable clearing service that exclusively deals with digital currencies. This enables users to enjoy enterprise-grade access to crypto markets around the world free of charge.

In summary, the following are the key features of the BitBay OTC desk.

  • Allows users to conveniently trade in large amounts of cryptocurrencies at a fixed price.
  • Allows users to trade cryptos against fiat currencies.
  • Enables traders to access the real-time value of digital assets and make an informed decision before transacting.
  • The funds generated from a sale are transferred immediately after the completion of a transaction. If the user wishes, they can withdraw them instantly.


Japan’s Crypto Exchange Taotao To Open Doors in May 2019

Japan’s Yahoo-Backed Crypto Exchange Taotao To Be Launched In May

Taotao, a Japanese crypto exchange backed by Yahoo! is set to be launched in May. The announcement was made today by the company, which will start trading with a limited number of cryptos.

The company is 40% owned by Yahoo! Japan and it will start its business in May by trading Bitcoin (BTC) and Ethereum (ETH) primarily. However, the company is also ready to offer margin positions in three other altcoins: Ripple’s XRP, Bitcoin Cash (BCH) and Litecoin (LTC). At the time of this report, the users could already sign up to be ready for the launch.

Clients are already being accepted today and they will continue to be until April 17. The people who join the company now will be able to participate in a promotional campaign which will see 500 random users getting $1,000 JPY if they trade over $250,000 JPY when the company starts its work.

Yahoo! Japan And The Crypto World

Yahoo!’s plans were first announced when the company used its subsidiary YJFX to buy a major stake in Taotao and be acquire 40% of the company by paying the total of $19 million USD (the numbers are unconfirmed, though, as they were revealed by sources at the time of the acquisition but Yahoo! Japan has neither confirmed nor denied them).

This was the first time that Yahoo! moved into the crypto world, which is an important move, as the company is very large and influential. The acquisition caused somewhat of a stir in the local market at the time, as many investors started speculating about the future then.

Taotao already has the regulatory approval for its business, which is notoriously hard to get. In case you do not remember, Japan saw several hacking cases last year and this has prompted the local government and regulators to upgrade their regulatory needs.

The licensing scheme was started originally in April 2017, but after the hacks, which happened in the following year, the regulators decided that they needed to have more control over the few companies who were able to launch their products in the country as a way to protect the local investors.

Japan is currently one of the biggest markets for cryptocurrencies in the whole world. Despite the setbacks last year with the hack of exchanges like Coincheck, Japan is still one of the most desired places to open up a crypto business (together with the United States and some countries in Europe).


Multi-Currency Storage Protocol Infinito Wallet Adds EOS Crypto Token Dapps Support

Eos (EOS) blockchain is one of the largest blockchains in the world, second to Ethereum in providing a dApp creation platform.

The blockchain however has faced a number of criticisms given the technical nature of its build and being less user friendly. These issues have crept into the adoption process of EOScausing most of the novices to ignore the blockchain and the decentralized applications(dApps) built on it.

This however is set to be solved by the recent addition of EOS dApps on the newest update of the Infinito Wallet, a multi-currency wallet protocol.

EOS decentralized applications added on App Square

App Square is a store that allows Infinito wallet users to download, use and upload decentralized apps created on the blockchain. The announcement released on Infinito’s official press release on the new update confirmed that three dApps built on EOS blockchain will be added to its App Square namely; DEXEOS, EOS Account creator and PRA Candybox.

Finally, the EOS Account Creator was built to ease the difficulties associated with joining the EOS development community. The dApp has created an interaction interface on the EOS blockchain to allow users a more efficient, effective and user-friendly way to use the EOS blockchain.

Users can simply launch the app, set up their EOS Account name and receive their private keys and further can connect their cryptocurrency credit and debit cards to make payments on the platform.

Infinito Wallet newest update offers a new world to EOS newcomers who will now be able to navigate the blockchain easily. The press release on the launch of EOS dApps on Infinito wallet further added the importance of the launch of EOS dApps saying,

“Infinito team has added this service for users to be able to easily join the EOS ecosystem and benefit from all features of the EOS blockchain right inside the Universal Wallet.”

Infinito wallet users will also be able to create their EOS account on the App Square which protects their identities and prevent them from fraudulent services online. More developments are set to be added on Infinito wallet in time including EOS voting and seamless management of portfolios across platforms.

Infinito wallet offers three major categories in its App Square namely apps for users, apps for developer community and apps for business.

EOS token is currently placed fifth on the Coinmarketcap listings with a total market capitalization of $3,399,986,104 USD. It currently trades at $3.75 USD representing a slight 1.08% decrease in the past 24 hours.


Tron Bankroll Dapp Launches as TRX’s Daily ROI and Universal Basic Income App

What Is Bankroll?

Bankroll is a decentralized social trust platform built on the TRON blockchain with the aim of implementing a sustainable, voluntary, and permissionless universal basic income for its community through its investment contract.

How Bankroll Dapp Works

Before using the Bankroll contract, users are required to have installed a Tron walletbrowser extension on their mobile or desktop devices. On the Bankroll website, there are four blocks, which are the main areas of interaction with Bankroll smart contract. The blocks include the Fund Box, the TX Burn Protection, the Claim Box, and the Sponsor Box.

When a user is in a contract, the Fundbox displays the amount of credits they own. It also displays the amount of referral and sponsorship credits available to the user. The whale status displays the amount of TRX required in order to be a whale. This status ensures that sustainability of the contracts by preventing the user from receiving the full 3.33% daily return until Total Credits is lower than the Whale Status value.

The TX burn Protection acts as an alert system that notifies users when they have less than 10 TRX in their Tron wallet. Since the Bankroll is a smart contract whereby a small amount of Tron fee fuels the transaction, it requires users to have more than 10 TRX in their wallets for transactions to be processed.

All the earnings made by the contract, the deposits and the reinvested funds as well as the withdrawal history of the user can be viewed in the Claim Box. Users should note that after they have entered into the Bankroll contract, they cannot withdraw the investment unless it the 3.33% generated daily from the investment.

With the Sponsor Box, users sponsor others by sending them Tron, which will turn into credits that will earn them more Tron. Bankroll also features a Treasury Box where users can donate Tron to sustain Bankroll.

Why Invest On Bankroll?

Balance Protection Mechanisms

Bankroll is integrated with an advanced mechanism that automatically sets a limit on the daily withdrawal at 0.05% to 0.025% of the available balance in the contract. This will ensure that the contract has the ability to grow in a decentralized and distributed mannerwhile preventing the user from being affected by the debt ceiling.

Lifetime Dividends

Players on Bankroll will have the opportunity to enjoy all the deposits in the dividend pool, which are paid out at 3.33% daily based on the user’s deposit. Additionally, all the commission fees accumulated on the platform are paid out to the account holders for the entire period of the contract. There are no wait times when users want to withdraw their funds, as withdrawal requests are processed on a per minute basis.

Longevity And Sustainability Of The Contract

The contracts on Bankroll are designed to be compatible with other contracts and provide them with a solution for profit sharing. This results in funds flowing into Bankroll from the Tron ecosystem. Furthermore, Bankroll will provide developers with a means to incentive their users and encourage participation on their apps.

Compatibility With Devices

Bankroll is compatible with both desktop and mobile devices thus ensuring users can conveniently access the platform.


Dash Text Wallet Service Rolls Out World’s First Distributed Charity Program

Dash Text has launched what it touts to be the “world’s first distributed charity model,” just recently. This SMS-based Dash wallet service has made its debut this week that is offering a distributed and automated form of providing charitable donations.

Through this service, a doner can send Dash to a specified donation address that is evenly and instantly distributed among the end recipients. These recipients have these Dash text wallets that allows them to send and receive just through SMS message without the need for an internet connection. It further means donations can be received quickly and directly.

“Whenever someone makes a donation through our system, the money gets immediately and equally distributed amongst the people you’re donating to, this is completely transparent and traceable on the blockchain, the money is never touched by a human third party inside our system, it is all automated and happens in just a few seconds,” said Dash Text co-founder and CTO Lorenzo Rey.

Rey further shared that this is one of its kind systems as,

“There is no system like this in the world today, all charity donations, including crypto charities, right now require some sort of human intermediation.”

The program is, however, currently in its pilot phase covering 50 students who bought school lunches through the donations. While, before this program, these students at the San Antonio school in Caracas have been going without meals repeatedly, with the help of this program, they have reportedly used donations to buy more than 1,000 lunches and 900 beverages.

Dash’s Unique Approach To Venezuelans

Earlier this week only, Dash Text had launched a donation campaign in partnership with Bitrefill, a mobile top-up and gift card service in Venezuela. During the recent blackouts in the country, they allow people to buy phone credit to reach out to their loved ones. Now, the charity program is the latest step to provide Venezuelan people relief from poor economic conditions.

While several other crypto projects are operating in Venezuela, Rey believes Dash is unique in its approach as he shares,

“Yes, many crypto projects have been making charitable donations for Venezuela, and we applaud those efforts, but most of them are giving people food, not crypto. I’m a big believer in giving people the fishing rod, not the fish, and for the first time, we can give cryptocurrency directly and automatically to those people so they can use it by themselves. They are buying food, but they’re also learning and using crypto in their daily lives, how amazing is that Dash is helping people out while at the same time getting new users, more transactions and more adoption!”

Dash is making a lot of efforts in Venezuela as already there are 2,500 merchants that are accepting Dash payments. Now, by streamlining the donation and remittance process, Dash is providing assistance directly to the needy ones while providing the much-needed liquidity and access to the currency.


India’s Largest Software Company, Tata (TCS), Works on New Blockchain Development Platforms

The largest Indian IT company, Tata Consultancy Services Limited (TCS), is currently working on a wide range of blockchain projects. In order to do so, the company is leveraging the services provided by R3’s blockchain platform. They are also working with Microsoft Azure Blockchain. The main intention behind it is to implement distributed ledger technology (DLT) in different sectors of the business.

TCS Leverages Blockchain Technology

According to a recent report released by ANI, TCS is working on five different blockchain architectures that offer different solutions. They want to offer different blockchain-related solutions such as digital identity or tokenization of assets. Moreover, they can also be trying to develop a tracking system.

In order to do so, TCS will be using R3’s blockchain solution, Corda Corda Enterprise, and it will be hosted on Microsoft Azure cloud. In terms of market capitalization, TCS is the ninth-largest IT company. The firm focuses on developing cross-industry blockchain platforms that will be able to scale in the future.

Lakshminarasimhan Srinivasan, the Global Head of Blockchain Services at TCS, said:

“Some of the anchor solutions that we are building on these platforms include skills marketplace, anti-counterfeiting of luxury goods, affordable mobility, shared telecom infrastructure for 5G and loyalty and rewards programmes.”

Until now, there is still no timeline for these solutions to be launched. Nonetheless, the company expects the cross-industry blockchain platforms to increase adoption of the technology in the near future.

In addition to it, TCS is also working on a market position in the blockchain space. The software powerhouse TCS has been offering its blockchain solution called Quartz, it allows companies to use DLT in the financial ecosystem and reduce the costs of transacting money.

According to Srinivasan, DLT and Internet of Things (IoT) will lead to new opportunities to increase income in the future. Moreover, he mentioned that these technologies will be driving hyper-productivity and business transformation.

Tech Mahindra, another IT company, has also been very bullish on the application of blockchain technology in different industries. The firm has signed a Memorandum of Understanding (MoU) with the state government of Telangana with the intention to build a blockchain district. Mahindra has also been working with Microsoft so as to create a blockchain-related platform and regulate unsolicited telecom communications.


BuySellHodl Launches First of Its Kind Live Crypto Price Predictions and Ratings

Bitcoin [BTC], Ethereum [ETH], & and Litecoin [LTC] earn initial top ‘Buy’ ratings; Bitcoin SV [BSV] assigned the lowest ‘Sell’ ratings.

Newly launched crypto app BuySellHodl continues to provide industry-leading innovations by launching its live 2020 price predictions and rating feature for 15 new cryptocurrencies. The first of its kind feature gives crypto enthusiasts real-time ratings, rankings and price prediction data that is entirely quantitative, creating an invaluable analysis tool for beginners and experts alike.

The live crypto ratings and price predictions are available on the BuySellHodl website, as well as the Ratings tab on our iPhone and Android cryptocurrency app.

Ethereum, Bitcoin, and Litecoin Earn Initial Top Price Predictions and ‘Buy’ Rating

The early crypto ratings and price predictions data show that users remain quite bullish on the cryptocurrency market with 60% of them assigning the cryptocurrencies a ‘Buy’ rating, which is more than quadruple the amount of ‘Sell’ ratings [15%].

This week, the top-rated coin is Bitcoin [BTC] with 73% of users saying to ‘Buy’ Bitcoin, compared to only 10% saying to ‘Sell’ Bitcoin. Ethereum [ETH] is a close second with 71% saying to ‘Buy’ Ethereum, and Litecoin [LTC] is next with 70% of users giving it a ‘Buy rating’. Users are most pessimistic about Bitcoin SV [BSV] with only 29% of them saying to ‘Buy’ the coin, generating an overall ‘Sell’ rating.

2020 Price Predictions and Ratings for the Top 3 Ranked Cryptocurrencies


Android SDK cozies up to Kotlin

With the August 6 production debut of the Android 9 Pie mobile OS, Google has released an Android SDK with special capabilities for development with the Kotlin language.

The SDK has nullability annotations for frequently used APIs, preserving null-safety guarantees when Kotlin code is calling into annotated APIs in the SDK. To ensure that newly annotated APIs are compatible with existing code, an internal mechanism provided by the Kotlin compiler team marks APIs as recently annotated. These APIs result in warnings instead of errors from the Kotlin compiler. Developers need to use Kotlin 1.2.60 or later.

The intention is for newly added nullability annotations to only produce warnings, with the severity level increased to errors starting in a subsequent SDK. Google wants to give developers time to update their code by this stepped error messaging.

Google has endorsed Kotlin for use in building Android applications. But nullability annotations also can benefit developers using Java, the traditional language of Android development, if they use the Android Studio IDE to find nullability contract violations. Plans call for adding more nullability annotations to existing Android APIs in future versions of the SDK as well as ensuring new APIs are annotated.


Where to download the Kotlin-friendly Android SDK

You can download the Android SDK by choosing Tools > SDK Manager in Android Studio and selecting Android SDK on the left menu. The SDK Platforms tab must be open. Check Android 8.+ and click OK to install Android SDK Platform 28 revision 6. Then, set a project’s compile SDK version to API 28. You can download Android Studio from the project website.