AI-driven Platform for Intelligent Commerce Based on Blockchain 962

The earliest attempts of trading started almost 150,000 years ago, since that its methods and ways have changed drastically. However, they all aim at exactly the same thing  —  raising the level of trading convenience. Commerce has progressed and improved, trading in different kinds of stores has become way more simple. There was a major boost in 1979, when  Michael Aldrich developed the concept of electronic shopping.

A lot of other inventions followed, for example, Boston Computer Exchange (1982), Amazon (1995), electronic commerce has become quick and available for everybody. The amount and the choice of online shops has blown up in the last 20 years. That lead to a strange issue. Instead of saving time, the big amount of variants makes the buyers spend a bunch of time choosing the product. Psychologists claim that making a decision about what to buy is physically tiresome and if people have too many choices they are less likely to make a decision. Other difficulties include the fact that the customers need to create a new account for every shop they want to purchase from. As a result the amount of customers grows, however, it often happens when they start searching for a product, but end up with nothing, because the variants are too overwhelming.

What does Eligma stand for?

Eligma is an AI-driven platform for intelligent trading based on the blockchain technology. It is going to change the way customers look for, buy, track and resell products on the Internet.

Its one-of-a-kind characteristics include a “one-place”, which will help the users to shop in all the online shopes from all over the world, compare the price of products and find out the suitable for selling them. This platform will provide customers with an entirely decentralized worldwide loyalty program and which will help to turn a common home into a real business.

How can Eligma be useful

Eligma’s AI unit will consider a bunch of product specifications to help users find products in a blink of an eye. Its discovery feature will be made possible by a large item database with data from online stores worldwide. The AI will not gain information from this database alone. It will also gather information about the purchases, shopping habits and previous searches of the users and unite them into a so-called portfolio, which will also include the consumer’s inventory. By doing so, it will be able to personalize the search process immediately. Consumers will be able to use the alternative discovery function, where Eligma will display items, for which the AI establishes a better fit with the consumer’s habits and needs. If the user doesn’t know how to search for an item, Eligma’s chatbot will ask him/her easy questions to improve the search options.

The platform is also working on a mobile application which will unite the offline and online trading universes. If users find a product they like in a regular shop, they can scan its barcode or QR code with the app on the mobile phone. The system will recognize the product in its database and look for the best deals on the local or international level according to the options chosen.

Join the Eligma Group on Telegram – https://t.me/eligma.

Follow the development on Facebook (https://www.facebook.com/eligmacom), Twitter (https://twitter.com/eligmacom) and LinkedIn (https://www.linkedin.com/company/eligma/).

Read the latest news on the Eligma Blog – www.medium.com/eligma-blog.

Subscribe to their Newsletter – www.eligma.io

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

The Co-Founder of Apple Announced the Launch of His Own Blockchain-Based Project 216

interview with steve wozniak

Steve Wozniak, the co-founder of Apple, took part in an exclusive interview at the conference ChainXchange and talked about his attitude towards Bitcoin and cryptocurrencies in general and also shared his plans for the blockchain technology:

I like to keep up with things… Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics. There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, issues new US dollars every year; Bitcoin was immune to that.

We want to point out that the famous American inventor, electronic engineer and programmer was not particularly interested in the subject of cryptocurrency in the fall of 2017 and even sold all his Bitcoins. Back then he found that cryptocurrencies only brought “anxiety”, but now, he seems to have learnt more things about the advantage of the blockchain technology:

At first I kept hearing [about blockchain], and I didn’t understand it. It’s not something you understand in a day. You think about it, read more about it and how it works, and then you see how people actually start to use it, through the mining process and also the verification and, aha! It all adds up!” said Wozniak.

After that, the co-founder of Apple made a sensational statement: he himself is going to start working with blockchain. According to him, this will happen “very soon”, the project is likely to be launched in Malta:

I’m involved with, very soon, my first time being involved in a blockchain company. [It’s] called Equi… Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company. This company is doing investment by investors with huge track records in good investments in things like apartment buildings in Dubai. We have one person in our group who has listed out a whole apartment building for Bitcoin… We might be starting up in Malta around the time of their blockchain conference. Some countries are very positive about [blockchain]the same way they were about electric vehicles.

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Õpet Foundation Will Make Education Accessible and Effective for Everybody Everywhere 511

opet foundation

What is Õpet Foundation?

Õpet Foundation is a project based in Singapore which specializes in the field of education which is undoubtedly one of the major areas of human life. It brings such innovative technologies as blockchain, chatbots, machine learning and artificial intelligence in order to store and organize data, solve major problems in this sphere and, most importantly, help student receive knowledge in the easiest and most efficient way possible. Õpet Foundation will help high school students with affordable exam preparation and especially those ready to enter college. This project will change education for the better and advance global education inclusion!

What problems does Õpet Foundation intend to solve?

  • Lack of assistance. Imagine a high school graduate: a confused teenager about to make one of the most important choices of his/her life. Õpet provides high-quality guidance for those graduating from school, with constructive college-counselling and AI recommended global opportunities tailored to the teenager’s preference, personality profiles, academic and extracurricular inclinations.
  • Expensive tutors. A high school senior will be facing graduation exams and/or entrance exams to college at some point. Nowadays, tutors charge ridiculous money and sometimes do not even prepare the kid for exams. Using AI and machine learning, preloading exam-prep revision delivered through chatbots, Õpet makes pre-exam prep available and affordable for everybody.
  • “Onerous” admission process. Õpet is using distributed ledger technology to make admission transparent, quick and student-friendly.  The student just need to provide a private hashkey to the college (s)he applies to, and the institutional admission office unlocks the data with the token – voila!
  • Lack of security and inequality of access. Getting enrolled in college is quite an endeavour. There are often third parties involved such as expensive placement agents which cannot be trusted, and overall education is full of corruption, where they write essays on ill-qualified students’ behalf and forged testimonies. Blockchain will help to level the inequality, while advancing our vision of enabling the equality of opportunities.
  • Corruption in Edu-related philanthropy.  Õpet’s platform will help empower a new form of edu-related philanthropy, blending full transparency without leakage – where donors can purchase tokens from independent crypto-exchange, and transfer directly to beneficiaries without leakage and with access to their app-usage pattern and academic + extra-curricular progress for subsequent sponsorships!

Cool features of Õpet Foundation

  • an online personal recommender
  • an AI tutor
  • career counseling
  • simplified enrolling process
  • a mobile app chatbot
  • partnership with the University of Cambridge
  • a creative and experienced team
  • huge market potential

ICO details

The intra-platform currency is called OPET token. Its main ICO stage is going to start on the 1st of October, 2018 and will last until the end of the year. The price of 1 token is 0.002 ETH. The project has a soft cap of 10 thousand ETH and a hard cap of 60 thousand ETH. Early investors will enjoy an abundance of bonuses during all stages of the token sale.

If you want to find more info on Õpet Foundation or join its ICO, please, join the official website: https://opetfoundation.com/

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article

Blockchain Transactions: How Do They Work and How to Track Them? 833

blockchain transactions

Satoshi Nakamoto, the creator of Bitcoin, published an article “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008 and introduced a fundamentally new way of exchanging money. From that moment on, the need for a third party, like a bank or other financial institution, simply disappeared. In fact, this has become a new financial revolution.

Today we will talk how blockchain transactions are conducted from a technical point of view, how reliable they are, what features they have and how they can be tracked.

Contents:
(please, click the topic to scroll down to it)

  1. How does blockchain work in general?
  2. How are transactions organized?
  3. What features do blockchain transactions have?
  4. How to test a blockchain transaction?
  5. The reasons why transactions can freeze
  6. Conclusion

1. How does blockchain work in general?

We should start with the fact that Bitcoin is the first ever completely digital currency. Unlike electronic money, it does not exist even as a digital file. It is a huge stream of data about all the transactions that have ever been conducted. Blockchain is presented in the form of a giant accounting book, which is available to all network participants.

Each transaction is not stored separately, the information is placed in the blocks. Different networks have different block sizes, for example, until recently one block in the network of Bitcoin “weighed” 1 MB. But the BitMEX report says that after the introduction of the new SegWit protocol, the average size of one block has increased to 1.06 MB, and some have reached 2 MB.

In order to obtain a new block, there are different mechanisms for consensus. The most widespread ones are:

  • PoW (proof of work). Here, the miners need to solve a complex cryptographic equation. After that, a new block is added, for which the system rewards the finder with a certain number of coins.
  • PoS (proof of stake). This mechanism involves adding a new block to a user who has a certain number of coins. The more coins a user has, the more likely he/she will generate a new block.

Each subsequent block stores information about the previous one. Another important feature of blockchain is its decentralization, since information is simultaneously stored by all participants of the system (miners, master nodes). Thus, after the block is added to blockchain, it can not be changed or deleted.

2. How are blockchain transactions organized?

As it was mentioned above, transactions that are carried out in the network of blockchain do not require the participation of a third party. Let’s see how this happens in practice.

Let’s say you want to transfer 0.5 BTC to another person. Before the system recalculates the wallets’ balances (not transfer, namely, the recalculation), this transaction will fall into the so-called Memory Pool – the operational memory of all the miners connected to the network. After this, the blockchain transaction must be confirmed by at least 6 different miners. They (miners) should check the correctness of the transaction:

  • the amount of commission for each byte of information;
  • the physical possibility of adding a transaction to an existing block (if there is too little space left in the block, the transaction is transferred to the next one that still needs to be found).

After these actions, the data on the operation are permanently entered in the blockchain, and the coins are credited to the wallet of the recipient.

3. What features do blockchain transactions have?

Based on the abovementioned information, it is worth highlighting a number of features that are typical for blockchain transactions:

  • Irreversibility. Since the blockchain system is a decentralized system, it is not possible to affect the data that has already been entered in the register. Therefore, it is impossible to mark the already completed operation.
  • Lack of regulation. Due to the absence of the center from which the system is managed, it is impossible to completely prohibit and shut down cryptocurrencies. To do this, you must destroy all the computers of miners.
  • Anonymity. Each blockchain has its own level of anonymity, but in any case, even in pseudonymous anonymous networks, such as Bitcoin, for example, the names and surnames of users are never used for transactions.
  • Reliability. The network algorithm fixes the balance of all the wallets at the same time, but only a user who has a private key can make a transaction from a particular wallet. Subject to observance of elementary security rules, it is not possible to crack the wallet. You can lose your coins only because of your own fault. For example, if you send them to the wrong wallet, infect your computer or smartphone with a virus or somehow let scammers get private keys.

4. How to test a blockchain transaction?

Transactions in the Bitcoin network can be tracked on the site www.blockchain.info. In order to see information about a particular transaction, you need to go to this site and enter a unique transaction hash in the search bar. Then the system displays the actual information.

In this service you can also see information about a particular wallet:

  • transactions in the history (by dates);
  • the total number of coins that passed through the wallet;
  • the list of all addresses which there have ever been interactions with (incoming or outgoing operations);
  • current balance.

5. The reasons why transactions can freeze

The main problem of Bitcoin and many other coins is the speed of blockchain transactions. As for  BTC, this indicator reaches a mark of 7 operations per second. Previously, when the total number of users was small, this was enough. But now, with the growing popularity of the industry, the “line” for the transaction can turn into tens and even hundreds of thousands of unconfirmed operations. You can view the current list, which is updated in real time, on this service.

Some transactions may even freeze in the Memory Pool for a long period of time (up to 72 hours). What factors affect the speed of transaction confirmation?

  • Total pool load.
  • A very small commission. Miners confirm transactions with a larger commission in the first place.
  • The transaction weight is too big, and it simply does not fit into the almost completely filled block. In this case, it will be automatically transferred to the next one.

6. Conclusion

Cryptocurrencies have made a real revolution in the financial sector, on a scale that we still can not comprehend. The number of blockchain transactions is growing every year. In order for everyone to be able to use Bitcoin at the same time (like Visa, for example), it is necessary to solve the problem with bandwidth.

Blockchain transactions have both their advantages: the absence of intermediaries, small commissions, anonymity, security, and their shortcomings: irreversibility, low throughput.

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Football Fans Will Soon Be Able to Buy Tickets for Games Using Blockchain 949

uefa launches a blockchain app

The UEFA wants the fans to have the smoothest experience ever. Right now, buying tickets for football matches is one of the most problematic areas: tickets are often falsified and stolen, moreover they are very hard to get. That’s why the organization is researching new technologies to fix the problem.

UEFA has recently announced about the testing of blockchain for developing a ticketing app. The app works via bluetooth on electronic devices and will be used when entering the stadiums.

The report said: “Fine-tuning and improvements took place at several test events, and the system was first used for 50% of the tickets distributed to the general public for the 2018 UEFA Europa League final between Atlético and Marseille in Lyon.

The Association will keep on developing its blockchain-based app, and, hopefully, football fans will soon have an opportunity to use it.

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AgroTechFarm – the Global Eco Blockchain System 1396

agro tech

AgroTechFarm is the revolutionary fully automated intelligent appliance powered by blockchain and patented technology for the industrial cultivation of popular and unique species of various types of greens, vegetables and fruit all year round and regardless of climate conditions.

One of the most important objectives of this project is to supply the world with 100% healthy food through the use of the latest technology.

What are the main benefits?

  • 100% Natural food
  • No chemicals and other impurities
  • Patented technology & blockchain
  • 99% predictable harvest volume
  • Stable plan for your business
  • Availability of your favorite food anywhere and at anytime
  • Easily accessible i-App  
  • Ready-to-use analysis and digitization of the growth conditions of any species from the list of cultivated
  • Reduction of the environmental harm

How is ATF going to do it?

The ATF technology combines hydroponics (water), aeroponics (wind), heating and controlled light (sun) to imitate the perfect climatic conditions for the growth of plants. There are only two resources required to have fresh, organic food all year round: water and electricity. By leveraging the combination of technologies, ATF achieves a 30% quicker growth without the use of chemicals or other unhealthy practices.

The process is fully automated: you simply add seeds (like filling coffee beans in a coffee machine), nutrient solutions (similarly to adding laundry liquid in a washing machine) and get the crops in when the time comes.

Who can use it?  

Anyone. The solutions that this project offers are suitable for private, commercial and industrial use. Depending on your preferences and needs, you can install them at home if it’s for personal use or open farms and grow your natural and healthy food all year round.

What’s the deal with Blockchain?

With an introduction of blockchain, ATF will be able to keep the record of all conditions of each plant such as: origin, whether some growing procedures were different in comparison with the recommended ones etc.

Imagine a situation where some farmer decides to deceive his customers and manipulate with the growing process by adding pesticides. With a blockchain technology, all procedures will be recorded in a safe place whereby any change will be visible to everyone.

How can I join the project?

Currently ATF is holding a Private Sale. One of the features the project can offer to its investors is a 20% bonus with a purchase of Tokens. Apart from Tokens, there is a high interest from private investors. In particular, ATF is already working with accredited investors from USA and Asia.

In every scenario, ATF welcomes everyone to contact them and ask any specific question in detail regarding the participation in the projects and conditions. The team will be more than glad to explain everything thoroughly and guide personally through every step in order to start living a healthy life.

Find your true organic innovation together with AgroTechFarm
Visit the web at: www.agrotechfarm.io 

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article

The Project Joys: A Cup of Coffee For Crypto 988

project joys

The digital economy breaks the habitual models of the branch markets and increases the competitiveness of their participants. Digitalization determines the growth prospects of companies, industries and national economies in general.

The digital economy is now facing a big challenge: whether the blockchain technology and cryptocurrencies will be integrated into the real economy. Digital currencies do not yet fulfill all the functions of money, and the owners of cryptocurrencies remain limited in the possibility of their exchange for goods and services. Despite the popularity of digital currencies, they can not be used as payment everywhere. It is also not easy to convert the funds into fiat: it is inconvenient, long and expensive to use exchanges. The Joys Digital payment service will allow customers to quickly and easily buy goods and services using cryptocurrencies and tokens of blockchain projects.

Despite the legal uncertainty, there are prospects for acquiring cryptocurrencies in most countries. So says the CEO and co-founder of Joys Digital Andrei Mikhailishin:

The seller and the buyer need to be provided with a legal, convenient and reliable way to exchange crypto into fiat when buying goods or services. Thus, the state should receive taxes for such operation.

To do this, the client just needs to transfer the required amount of BTC or other cryptocurrency to the virtual wallet JOYS Wallet, after which Joys converts it into fiat at the time of purchase. At the same time, cash accounting is conducted in the national currency.

I bought a cup of coffee for tokens for the first time in my life. The apps and the wallet with coins are developed on the blockchain, in this case this turned out to be a Joys Digital creation, “- says Evgenia Ovchinnikova, the Director of Innovation of Raiffeisenbank.

Joys Digital has already launched the first test platform in the Center for Digital Transformation in Moscow, where the purchase takes place in the internal currency of the Center.

Large banks – Sberbank, VTB and others – understand the whole story, and the sooner they start using the service for accepting cryptocurrency, the faster they will receive their customers coming from one and a half million crypto holders in Russia. So what is the future of banks and payment systems?

Opinions vary, but most analysts agree that in the future cash and plastic cards will become extinct. They will be replaced by electronic means of payment, which we can use to pay for any goods and services. Banks have already seen competition from financial companies and mobile operators. If mutual lending joins fintech, then more than half of the banks will simply be destroyed in ten years. The bank office will move to a mobile phone, through which it will be possible to pay for the whole set of services. Most likely, cards as a means of payment will disappear, and remote identification will allow you to receive loans and carry out other types of transactions. The main advantages of cryptocurrency over fiat cards:

  • availability at any time,
  • openness of code (transparency);
  • high reliability;
  • consensus on operations;
  • independence, low transaction costs, etc.

Owners of cryptocurrency can already make different financial transactions in any cryptocurrency anywhere in the world. With time and competent state regulation, the use of cryptocurrency will become normal and will be widely applied. The American banker and author of the book “Bank 3.0” Brett King states that our generation is the last one using plastic cards. The future is the time without the usual paper money. “Future money is a digital record in a certain information system or systems, the value of which will be determined by technology, their scope and user confidence in such systems,” says the creator of Joys Andrei Mikhailishin. And, finally, banks that do not implement financial technologies similar to Joys will soon leave the financial market or lose a large part of it.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article