When discussing Bitcoin in general, many people believe it’s only for those anti-government libertarians who want to engage in illegal activities, but there’s simply no truth in that statement. Bitcoin is simply a money transfer system backed by a public ledger and quantifiable technology. Have you ever used a pre-paid card? A payday loan? Or a currency exchange booth? Chances are, you have, and if so—well Bitcoin has the potential to offer a cheaper version of all of these currency services if used to its full potential. Shawn Wilkinson, the founder of Storj (a cloud storage service) advocates its massive potential especially in online microloans. He thinks that cryptocurrency as a whole has a lot of power to change the way even the most impoverished communities use money, regardless of race.
Edwardo Jackson is perhaps one of the most notable black Bitcoin enthusiasts out there. In fact, he is so passionate about the currency, he currently runs a blog called Blacks in Bitcoin. Jackson is a Las Vegas resident and professional poker player, but found his love of Bitcoin while he was a writer for Upworthy in 2013. Jackson believes Bitcoin is still in the early adoption phase and thinks that now is most definitely the time for anyone who is thinking of getting into it to buy in. Currently, Jackson has developed his own blockchain based technology known as CD3D which is a decentralized app-based token which you can use in a game where instead of betting on sports, or the outcomes of elections, you vote on actors and actresses and win money based on their box office performance. This game is still under development and you can check the CinemaDraft websites for updates on when it may be opened for play. Jackson prides himself in his Bitcoin knowledge and wishes to educate everyone about it, so much so, he even hands out his personal phone number to anyone who asks so they can call him if they have questions.
You read that right, Richard Sherman, NFC Championship playing defensive back, is a Bitcoin fanatic! Sherman was born in Compton; California and it became clear early on he was destined to be a sports player. He achieved many high school records not only in football, but also as part of his school’s track team. Sherman received a scholarship to attend Stanford university where he played on their team from 2006-2010. In 2011, Sherman was signed by the Seattle Seahawks and played with the team for many years until 2018 when he signed a 39-million-dollar contract with the 49ers. He is very public about his love of cryptocurrency and his many investments in the technology field, so much so, he even takes Bitcoin for payment in his online store for all of his Seahawks and 49ers merchandise.
Reggie Middleton is an American entrepreneur and CEO of Vertiseum. Middleton’s claim to fame began in the early 2000’s as a financial writer for the Huffington Post. In 2011, he left his job there to start his own company and blog, Boom Bust Blog. He was an early adopter of Bitcoin, citing that its ability to be quickly, and largely, transferred making it one of the best methods of currency currently on the market. He also advocates how safe and cheap it is to transfer Bitcoin as opposed to using cash or the banking system, which has many caveats and difficulties as well as rising costs. Just think, to make a transfer from one bank to the other you either need to withdraw cash and physical drive it from one bank to another to avoid massive fees. If fees don’t scare you, you can wire the money, but this still takes gas, time, and often times there are limits on the amount you can transfer. Bitcoin solves all of these problems. Middleton loves crypto currencies so much, he founded Vertiseum, an Ultracoin technology. Although the legalities of his ICO are currently under scrutiny, Middleton still stands behind his advocacy of cryptocurrencies and posts many YouTube videos educating the public on the many uses of them in everyday life. https://preview.redd.it/awat63so54851.jpg?width=1200&format=pjpg&auto=webp&s=0b99941873b4cc3d57b47c9c0ab908010c3c13ae
Black Influencers to Follow
Want to learn more about Bitcoin before you dive right in? Understandable! There are many influencers of color who know a lot about the cryptocurrency world! Check out Dr. Boyce Watkins, a financial scholar who offers numerous courses in cryptocurrency for beginners as well as an internet club for investors. He also runs Financial Juneteenth, a cryptocurrency group specifically for black investors and it is currently one of the largest cryptocurrency-based communities on the internet, so make sure you pay it a visit! Lamar Wilson is another notable influencer, widely known for building his own blockchain company Hijro, as well as a cryptocurrency wallet, back before it was even cool! He contributes abundantly to the Financial Juneteenth group listed above, as well as teaches a class about investing in cryptocurrencies on the Black Business School site. Also follow Ian Balina, a man famous for his unique approach to ICO’s thanks to his analytics background and former employment at IBM. He currently leads a global cryptocurrency investor syndicate, and posts content on YouTube, Twitter, and Instagram. Balina’s content is so revolutionary that he has been featured in numerous articles in many different magazines, most notably Forbes and Huffington Post. If after following all of these people you are still a little lost when it comes to cryptocurrency, don’t worry! It’s a confusing field at first. Just remember that cryptocurrency is for everyone and it make take time to learn about the ins and outs of the high-level technology. There are many websites which offer free guides you can take advantage of to help you find your way. So, subscribe to a few of them, investigate your questions, and you’ll be a cryptocurrency pro in no time!
Blockchain : The future backbone of User Experience
The blockchain is the new age technology that is gaining attention for its features which were initially developed to give a boost to bitcoins. It is digital transactions (known as blocks) stored on the public database (referred to a chain). These blocks stores information about the operations, people participating in the transaction and a code or a “hash” that would help differentiate these blocks amongst themselves along with the hash of the previous block. Hash codes are digital information turned into a string of letters and numbers. Whenever the block is updated, it's hash code also changes. The reason why this technology is here to stay is because of the benefits it provides to its users. It is a type of distributed ledger, i.e. identical records are stored on thousands of computers across the world. The document can only be updated when every participant agrees on it. This means the files are consistently checked and integrity is ensured. It also makes cyber-attacks difficult. The information stored in the form of a block is permanent. Whenever the block is updated, it's hash code changes, but the next block still stores the old hash code. To edit a single block, the hacker will be required to change all the blocks after this in the blockchain. This makes it more secure compared to another record-keeping database. This technology also improves speed and traceability. The transactions on the blockchain create an audit trail stating every stop that asset made on its way. This helps in preventing fraud and provides legitimacy to the asset. This technology also increases the efficiency of the whole network. Since a single ledger is shared among all the users, reconciliation of multiple ledgers is not required. This increases the speed and settlements and clearing can occur much quicker. Technical aspects of Blockchain Blockchain protocols are a little different from the traditional protocols. There are a few unique characteristics associated with this protocol. This includes ledgers for distribution, encryption, integrated blocks of data and finally, the consensus algorithms. Distribution ledger is shared across several participants so that the data is decentralized. It is peer to peer network where each of the participants verifies every transaction is happening. Failure chances are minimized in this kind of system. Hashing and essential authentication techniques are used to encrypt the database through digital signatures. The consensus algorithm can be defined as an algorithm to bring every participant to an agreement of validation of the transaction. Current Applications Cryptocurrency Blockchain technology was introduced for the crypto-currency called bitcoin. Cryptocurrency is the digital asset and acts as a medium of exchange that uses encrypted codes to verify the transfer of funds. This technology enables users to confirm transactions without any interference from central authority. All the transactions are recorded on the blockchain. Hence that amount which is spent, and the new deals are verified. Healthcare Blockchain has changed the current scenario, and the same has taken place in healthcare and medicine sector. The healthcare sector has classical technology which is centralized, but it is also reaping the benefits of the decentralized system. Blockchain has made the storage of a variety of medicines even more secure and has improved the manufacturing process and control of drugs. It is also noticed that a considerable number of providers of blockchain healthcare software had gain access to the healthcare market. It helps in strengthening the procedure by recording down and storing the parameters and by providing audit-able series of production as well as shipment with details. For pharmaceutical products, proper temperature control is vital as they are required to be stored under a certain temperature range. This range is crucial to be constant across the warehouse facility, during shipment and dispensing. This critical information is needed to be tracked in the complete supply chain with the temperature loggers which transmits the history of temperature to the blockchain which in return will ensure the stability of the product. Blockchain's potential does not depend solely on the actual technology capabilities. It depends on the organization's willingness to adopt it. The technology has the competence to take the department of health care to real heights. Banking Blockchain had transformed the banking sector just like the internet changed the media. Blockchain technology is imbibed with all the features needed by a technique for the money matters, which is not only secure, transparent, safe and decentralized but also cheaper. It provides safe and secure exchange of data and money as well as allows its users to use the open network channel with low operating cost. These features made blockchain very reliable and demanding solution in the banking sector. Blockchain in current banking scenario has helped in reduction of fraud, KYC (Know your Customer), smart contracts, clearing and settlement, trade finance, syndicated loans, payments, and online trading platforms. Companies like JP Morgan, Goldman Sachs have placed their faith in blockchain technology. To Read more check the link : https://www.itbirbal.com/blog/blockchain-the-future-backbone-of-user-experience-377
Today I want to talk to you about why BlockMason Credit Protocol is a good investment. There are a few points that I want to talk about that will help showcase the value in BCPT. In a short amount of time BlockMason will release their rebranded app called 'LNDR'. This is how it works: You send a debt to a friend, they confirm, and the amount is stored securely on the blockchain platform. BlockMason is run on the Ethereum platform, and benefits from stability, encryption, and permanent recording and tracking. This is a next step in blockchain technology, because working with debt and credits has huge potential. In the future you can also stake your BCPT that can generate transactions that run the dapps onto the Credit Protocol. These transactions can be sold in the future to companies that have dapps on top of the Credit Protocol. The Team: There are 3 co-founders on the blockmason team, Timothy Galebach, Jared Bowie, and Michael Chin. Timothy Galebach; Co-Founder Timothy is a startup founder, technical expert, and business development specialist, with a particular focus on data-driven ventures and automated infrastructure. He is currently the owner and founder of Almond Media Solutions, a technology consulting firm in the e-commerce and display advertising space. Timothy graduated from Harvard University in 2007, with a degree in Computer Science, and went on to work with a variety of startups and established companies in CTO roles. His primary focus was making large quantities of data visualizable and actionable for salespeople and internal business teams, and eliminating cost centers through aggressive optimization and automated data orchestration. Jared Bowie; Co-Founder Jared Bowie has been designing systems to coordinate distributed databases and peer to peer networks for more than 10 years. He was an early adopter of Bitcoin and invested in multiple altcoin mining operations. He became fascinated with the power of Ethereum when he began writing programs on its blockchain and is now convinced of its power to take over the world. Jared graduated from James Madison University with a major in philosophy. After graduation, obsessed with the convergence of big data and display advertising, he started his first digital advertising venture. Since then, Jared has written specialized software and proprietary algorithms to run successful multimillion dollar ad campaigns and manage remote teams based in Hong Kong, mainland China, and India. Michael Chin; Co-Founder Michael graduated from Washington University in St. Louis magna cum laude with majors in Finance and Accounting. He has spent his entire career in the credit industry, beginning with J.P. Morgan principal mezzanine credit group in New York. Michael then transferred to J.P. Morgans’ Debt Capital Markets and Syndicated Leveraged Finance group in Hong Kong, helping Asian issuers with investment grade, high yield debt, and syndicated loan offerings. Then, Michael joined the Hong Kong office of Intermediate Capital Group (a FTSE 250 composite company), one of the pioneers of mezzanine debt in Europe, before helping co-found BlockMason. They also have Anthony Di Iorio (co-founder of ethereum) as advisor of Blockmason. Anthony Diiorio is a serial entrepreneur, VC, community organizer, and thought leader in the field of decentralized technologies. Born and raised in Toronto, Diiorio is the former Chief Digital Officer of the TMX Group and Toronto Stock Exchange, founder and CEO of Decentral, a software development company focused on blockchain technologies, and founder and CEO of Jaxx, a multi-token, blockchain interface that provides a unified experience across 9 platforms and devices. In 2013, Diiorio funded, and along with Vitalik Buterin and 3 others founded the smart contract platform Ethereum. Anthony has been investing in cryptocurrencies and blockchain companies since 2012. In 2014, his project Ethereum raised $18 million, becoming the largest, completed crowdfunded project of its time. The market cap of Ethereum was recently valued at $30 billion. Over a 4-year span, Anthony’s blockchain and cryptocurrencies investments have yielded 2000x returns. Since 2012, Diiorio has hosted over 100 technology event as well has spoken and keynoted events all over the world. Notable events he has organized include the first Canadian Bitcoin Expo in 2014 at the Metro Toronto Convention Centre, and DEC_TECH events at MaRS Discovery District. In 2015, Anthony became a lecturer for the University of Nicosia's Master's program in Digital Currency and advisor at MaRS Fintech Cluster. He is involved in Deloitte’s Exponentials.xyz initiative, is a member of the Bitcoin Speakers Bureau for the Bitcoin Foundation, as well as a member of the Satoshi Roundtable, an annual retreat for the top 50 thought leaders in blockchain technology. BCPT has 45 million circulating supply, and is sitting at a market cap of 10$ million, and is currently below it's ICO price. It was recently listed on Binance, and Kucoin, and is also available on Etherdelta. The Blockmason team are also working on patents take on major industries. This is what the BCPT team are telling us about it: First: We are currently filing key patents with our legal team that will challenge multi-billion dollar industries. We have gone to great lengths to assure that there is no prior art, that our methods and processes are sound, and that the USPTO should look favorably on our applications and designs. While no outcome is 100% guaranteed we are bullish in the extreme on what this portends for the future of Blockmason. While we are building out this new IP that supports Credit Protocol and other internal BM efforts, we believe that our team will allow us to operate more effectively. you can check their white paper here: https://blockmason.io/cp-whitepapeIntroduction-amp-Features telegram: https://t.me/blockmason twitter: https://twitter.com/blockmasonio steemit: https://steemit.com/@blockmason
A 56-year-old American crypto millionaire will build a city, which runs on blockchain in the desert in Nevada, while the Central Bank of China aims to ban airdrops. For more details, read the report of Golden Island analysts. Stay in touch with the latest news.
We present to you the report filed by the analysts of our private club for November 5–11, 2018.
The key market events in the period from November 5–11, 2018
The share of cryptocurrency is only 0.013% of the entire money volume in the world!
The head of the financial regulatory authority of South Korea announced that cryptoexchanges that meet the requirements of KYC and AML are allowed to fully utilize the services of commercial banks to open virtual accounts. Earlier, following the results of the inspection, the authorities gave a green light to a number of Korean trading platforms and promised to lift the ban on ICO “in the near future.”
Uzbekistan is creating an arbitration center to resolve blockchain disputes.
Anatoly Aksakov: Russian stablecoin could become an equivalent of the ruble.
The Russian branch of the leading cryptoexchange Huobi will be launched on November 12. This was announced on the Blockchain Life forum by the head of the representative office Andrey Grachev and the senior director of Huobi Global Edward Chen. The Russian office of Huobi will supervise the acceleration center for Russian blockchain projects, an educational program and the development of mining hotels.
The new governors of five US states — Colorado, California, Wyoming, Texas and Rhode Island — stated they support cryptocurrencies.
The Ethereum-development team led by Vlad Zamfir published a draft of white papers for Casper technology, which should provide scaling for the Ethereum network by switching to PoS.
The SEC will compile the guidelines in “simplified English” for ICO organizers. In particular, the guidelines would explain the criteria by which tokens can be defined as securities.
The Central Bank of China aims to ban airdrops. The bank believes that airdrops are used by Chinese crypto companies in order to covertly launch forbidden ICOs.
Mining pool BTCC Pool Limited is shutting down. All servers will be disabled on November 15, and the unit itself will be closed on November 30. All mined currencies will be paid to miners in due time.
BBVA, a large banking group from Spain, issued a $150 million syndicated loan on the Ethereum blockchain.
The SWIFT global payment system has denied rumors that it would employ the Ripple xRapid payment solution.
A 56-year-old American crypto millionaire will build a city, which runs on the blockchain in the desert in Nevada. The founder of Blockchains L.L.S. Jeffrey Burns bought 271 square kilometers of land at the beginning of the year. Apple, Tesla and Google hubs are located around the site. Burns has already invested roughly $300 million of his own funds and has hired 70 employees, according to The New York Times.
Kraken Exchange turned out to be the most reliable exchange according to the new rating of Bitcoin exchanges, which was compiled by Group-IB and the CryptoIns IT platform.
The government has prepared new rules for verifying user ID in instant messengers. Now they could be used only by the person who owns the assigned phone number.
Iran is ready to launch a national cryptocurrency due to disconnection from SWIFT
2. Market analytics from club experts for November 5–11, 2018 The last week was ambiguous, which happens a lot in the crypto world, putting people on the edge. The active and optimistic growth faded by the middle of the week and then started falling gradually with a slight stagnation as the end of the week. The total capitalization of the crypto market grew from $209 billion on Monday to $220 billion on Wednesday, and then, as expected, bounced back to almost the same value — $209–211 billion. The trading volume for the entire week week was slightly larger than the previous weeks: $14–15 billion, peaking at $17 billion BTC dominated the market at 51–53% all week without any drastic changes. The price for 1 BTC dropped slightly by the end of the week: the Monday price of $6475 dropped to $6540 and climbed back to $6370 on Sunday — the value observed during the week before last. Altcoins, both profitable and not in terms of fundamental analysis, paraded through the first half of the week, boasting explosive growth, though the second half made us recall the previous months of continuous decline with rare occasions of growth. The crypto world is being torn apart by contradictions. Many put their hope on the launch of Bakkt and unanimous approval of ETF by various foundations, pre-fork (!) BCHABC temporarily exceeded the price of a parent chain on the Poloniex exchange, cryptocommunities experience all ranges of emotional spectrum: hysteria and panic, composure and confidence, aggression and depression. However, we hope that you have chosen the light side and calmly expect the start of a new wave, which is as inevitable as the Sun rising in the morning. 3. Changes in the cost and capitalization of the TOP-10 cryptocurrencies in the period from November 5–11, 2018 https://preview.redd.it/wramywlm6xx11.jpg?width=669&format=pjpg&auto=webp&s=2c64fce68f85341b76468205bb982c81e26780a0 4. TOP-3 growing coins from the long-term portfolio for November 5–11, 2018 (including portfolio updates) The fastest growing portfolio coins: QuarkChain QKC +25% (a number of meetups), Mediblock MED +14% (collaboration with a large medical institution), Elastic XEL (a major update) и Stellar XLM +13% (updates, airdrop, expected listing on Coinbase). The worst performing coin (quite surprising, right?) is NKN -26% — the leader of the last week. Want to be the first to receive news, updates from analysts and trade signals? Join @gitsupport channel and start earning with us!
Since Bitcoin’s 2009 introduction, most media coverage has focused on the value of cryptocurrencies and speculation over their long-term viability in the global financial system. Many observers think this attention is misplaced. Why? Because the focus on cryptocurrencies draws attention away from the more important underlying story of how blockchain technology is poised to upend back offices and fundamentally transform the landscape of institutional finance and capital markets. Mark Smith, CEO and Co-founder of Symbiont, has been at the forefront of implementing permissioned enterprise blockchain technology. Symbiont’s platform enables complex instruments to live out their entire lifecycle on a completely decentralized network with a single source of truth. Asset managers, banks and governments are working with Symbiont to develop new business lines, increase transparency, reduce risk, and save costs. Specifically, Symbiont is working with Vanguard to transform multiple business lines; is working with a coalition of major banks and buy-side firms to speed up settlement times in syndicated loans (in a JV with Ipreo called Synaps); devising ‘Smart Securities’ for private companies, and working to transform the mortgage industry through its partnership with Ranieri Solutions, headed by father of the securitized mortgage market, Lewis Ranieri. Mark will discuss Symbiont’s initiatives, as well as the broader questions of how blockchain is set to liberate the truth in existing capital markets infrastructure, how legacy players are likely to react, and what the business leads can expect from the technology going forward. Mark’s talk will highlight how blockchain is more than just another ‘shiny object’ in a world of fintech fads. It’s a technology that is here to stay and is set to significantly impact the structure of the global financial system, regardless of what happens with Bitcoin, ICOs, or any other cryptocurrency.
What’s up everybody WAJAHAT is here with another exciting blog on Bitbose. The Bitbose is for investment of cryptocurrency. The team of the advisors are Lalit Bansal as an Advisor, Naviin Kapoor as an Advisor, Krystelle Galano as an Advisor, Sydney Ifergan as an Advisor, Mark Kreimerman as an Advisor, Boris Otonicar as an Advisor, Laura Zaharia as an Advisor & Mahesh Chand as an Advisor. The team of the company is comprise of Nurul Islam as a Founder, Ravi Dutt as a Co-Founder, Weronika Sobańska as a CEO, Navdeep Garg as a CTO, Ankit Vats as a Creative Head, Ajay Taneja as a Marketing Head, Adamya Moudgil as a Marketing Manager, Riyad Islam as a Marketing Executive & Bharat Gandass as a Marketing Executive. It is the world best agency for the cryptocurrency investment. An Idea Creation, Understand problems of current market, Creating Whitepaper, Development of platform, Bitbose Token Creation, Development of ICO Website & Bitbose Token Announcement was accomplish in 2017. The Bitbose Exchange Development Starts, Coin Distribution, Exchange Listing, Token Distribution & Token Listing was accomplish in 2017. The Merchant Payment Gateways added & Mobile Wallet Launch was accomplish in 2017. The Apply for Licensing, Set up Mining Farm for Required Development, Exchange Beta Testing, Exchange Launch & Exchange Mobile apps was accomplish in 2018. The Integration with Payment Gateway, List as Bank, BOSE Token Website Launch, Pre-Sale Launch, Pre ICO Launch & ICO Launch was accomplish in 2018. The Smart Portfolio Platform Development Start, Expand Patent Protection, File Suit against no. of Projects that are Infringive, Exchange Alpha Version Launch, Fiat & Other Cryptocurrency Added & an ICO Close was accomplish in 2018. The Exchange Mobile Wallet Launch, Exchange Alpha Release, Exchange Beta Launch, Data Collection & Storage Solution, Exchange Rate,News Website & Coin Updates Including ICO & Developing Syndicated BOT using AI will be done in 2018. The Crypto Loan AI Development, Smart Portfolio Beta Testing, Official Mobile App Launch, Merchant Payment Gateway, Launch International Debit Card & Add send Cash transaction like FB,Paypal will be done in 2019. The Blockchain & Bitcoin Conference will be accomplish in Oct 23rd. The Blockchain Summit in Dubai by BITIBEX will be accomplish in July 23rd. The Registration No of the company is 11177294. The Exchange Dashboard of BitBose is available which can purchase with BTC & ETH. The total tokens supply is 300 million. The 210 million Bose tokens are for Public Sale. The 48 million Bose tokens are for Founders. The 6 million Bose tokens are for Bounties. The 36 million Bose tokens are for Advisor or Marketing. In the case of denomination, the completed private presale includes ETC or BTC, the live presale includes ETC or BTC & Upcoming Token Sale includes ETC or BTC. In the case of Participants, the completed private presale includes Strategic Partners, the live presale includes Accredited Investors & Upcoming Token Sale includes Non-US/CA/CN/TW/HK Participants. In the case of time Period, the completed private presale initiated on 4th March and ended on 31st May, the live presale initiated on 1st June while ends on 15th July & Upcoming Token Sale initiated on 16th July while ends on 30th November. In the case of Min Contribution, the completed private presale includes 1000 BOSE, the live presale includes 1000 BOSE & Upcoming Token Sale includes 100 BOSE. In the case of Max Contribution, the completed private presale is Unlimited, the live presale is Unlimited & Upcoming Token Sale is determined by number of Registrants. Website link: https://www.bitbose.com/ Whitepaper link: https://s3.amazonaws.com/bitbose-documents/Update+bitbose+whitepaper-1.pdf Author by: Apri222 Bitcointalk profile https://bitcointalk.org/index.php?action=profile;u=2011722
A lot of my time during bear markets is spent researching. I aim to find new and exciting opportunities to make the most of unfavourable market conditions. A lot of these are coins with real world adaptions and strong fundamentals. (NANO, VEN, ICX) One of my favourite ways to find articles I might normally miss is by setting up Google Alerts, every morning I wake up and check my email for a list of the most relevant articles based on my keywords. (Cryptocurrency, Blockchain, Bitcoin, Fintech etc.) This morning I was shown an article on Medium. "Top 5 Fintech Blockchain Projects of 2018" 4 of the 5 projects outlined were already in the top 50 of Coinmarketcap. Obviously this post isn't about any of those, it's #2, FIC Network. (https://medium.com/@professorpopo12/top-5-fintech-blockchain-projects-of-2018-17996ac95948) From their website "FIC is a blockchain-based network that will enable users to list, buy, and sell any type of crypto or fiat fixed income financial instrument including: Loans, Bonds, Collateral Loan Obligations, Loan Syndication, Credit Default Swaps and Futures." Which essentially will allow companies to raise money from crypto investors in the form of bonds. The companies then pay back what they've borrowed to all investing parties with an added interest. I see it sort of like depositing fiat to your bank account and letting it collect interest. With such unpredictable market conditions, if you're like me then you're trying to find the next best source of passive income, usually in the form of masternodes. However, passive income these days is ironically very expensive. I certainly don't have the capital to buy a VeChain X node, and personally don't feel the smaller nodes give enough of a return to be a worthwhile investment. What I like about FIC is their claim for Expected Cash Flows (ECF's) which is a new type of investment vehicle that is easilly accessible to the average investor. The general idea is that when a user loans money through the network, it can then be repackaged with similar pieces of debt (maturity times, interest rates, loan amounts) and bought in pieces by multiple investors. As the debts get repaid, each investor knows they will have an expected cash flow of X amount per month, or even have the freedom to choose when they receive payouts (E.g Lump sum at Christmas) until the loan is repaid. I see FIC potentially opening the door up to smaller stack investors like myself to receive passive income, without the insane initial capital requirements of Masternodes. Groups of investors could put forward what they want to invest, until the required amount is raised for the company, and then each individual receives a return on their investment in the form of interest. Sounds simple enough! Is this coin on anyones radar? Have you found a similar project that I should be looking at instead? I'd love to create a discussion.
General info and list of exchanges for FIC Network
This came into existence to carry out a successful demonstration of how blockchain can be used for syndicated loans. The banks that took part in this demonstration are all R3 consortium members. Banco Bilbao Vizcaya Argentaria (BBVA), Danske Bank, Royal Bank of Scotland, Scotiabank, Société Générale, State Street, U.S. Bank and Wells Fargo represent the sell-side firms. Canaccord Report: Bitcoin Mining Becoming Less Centralized. February 6, 2019. Blockchain. Blockchain Former TD Bank and ING Group Chief Architect Appointed President of Talos Enterprise Blockchain. November 4, 2019. Blockchain Senior team coalesces to address growing blockchain market. August 30, 2019 . Blockchain Government of Peru looks to blockchain to ward off corruption. May 28, 2019 ... Spain’s BBVA has completed the first syndicated loan via the blockchain. Syndicated loans are loans provided by a group of lenders who collaborate in order to provide funding to a single borrower. According to a report in yesterday’s Financial Times, earlier this week BBVA utilized a private blockchain to facilitate a syndicated loan to the value of $150 million for Spain’s electricity ... Syndicated Loans The syndicated loan market, also called the leveraged loan market, is an area in which blockchain technology could have tremendous potential. In the syndicated loan market ... Syndicated loans were ... blockchain technology is the basis for cryptocurrencies such as bitcoin. Banks have seized on the technology, which allows multiple parties to have simultaneous access to ...
Whilst many are familiar with blockchain technology, it has not made as big of a splash in the lending industry yet. Blockchain’s part in lending is not limited to securing a bitcoin loan. Join ... Maintainance of syndicate loans on Blockchain will be easier to handle and compared to the current scenario of each bank handling their own records. Loan servicing on Blockchain would be real-time ... ℹ️ Distributed Credit Chain: #blockchain infrastructure behind credit data exchange. The world’s 1st #distributed #banking public chain with a goal to establ... A clip from our "Blockchain: The Future in Financial Services and Beyond" conference See more videos here: http://cfany.gallery.video/fullconference The blockchain platform that BBVA used for the syndicated loan was able to allow all the parties to simultaneously access the same database, make changes that were time stamped, and were unable to ...