Blockchain Economic Forum is coming to San Francisco on June 16-19

press release

Blockchain can be considered the most disruptive technology since the invention of the internet. LATOKEN, a crypto exchange and multi-asset tokenization platform, is proud to announce its third event dedicated to bridging blockchain with the global economy: Blockchain Economic Forum (BEF).

BEF Singapore and New York attracted over 1,600 investors, entrepreneurs, politicians, decision-makers, and opinion leaders, such as Vicente Fox (former president of Mexico), Reese Jones (Singularity University), Jean Claude Donato (Nikaia Ventures), Miko Matsumura (Evercoin), Peter Bergstrom (BitBlock Ventures), Daniel Heller (ex-IMF), Hanna Halaburda (Bank of Canada, NYU), Toni Lane Casserly (Cointelegraph), and Nicholas Merten (DataDash, 285k+ YouTube subscribers). Building on the success of these events, LATOKEN is delighted to host BEF in San Francisco on June 16-19, 2018.

BEF SF is a four-day event that is expected to be attended by over 2,000 participants, including many leaders from the world of technology, business, media and politics. The forum will host over 40 inspiring discussions on blockchain opportunities for strategic development of real sector companies, industry regulation, technology updates, as well as marketing and PR for blockchain and crypto startups.

Among 150+ confirmed speakers:

– Tim Draper, Founder, DFJ Fund

– Bobby Lee, Bitcoin Foundation, Board

– Gary Gensler, Chairman CFTC (2009-2014)

– Joe Oliver, Finance minister of Canada (2013-2015)

– Eva A. Kaili, Member of the European Parliament

and our special guest, Sophia, the latest and most advanced robot to date and a cultural icon, who is about to make an announcement for the humanity.

Blockchain Economic Forum is designed to empower pioneers to find ideas, investments, partners, and friends. Together we will make crypto official and widespread in order to automate capital markets, money and states. This will save billions of working hours each year. Blockchain can automate elections, courts, state finances and make them more transparent. As a result, 6 billion people will overcome corruption to catch up with the golden billion. This is how emerging economies may grow by $400 trillion. At the same time, the costs of state services in developed countries will likely be halved.”, says Valentin Preobrazhenskiy, CEO of LATOKEN and Chair of BEF Organizing Committee.

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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 press release.

Authorities of the Crimea Are Planning to Launch a Blockchain Cluster

According to the Russian news outlet, there might be a blockchain cluster created in the special economic zone in the Crimea. Such a proposal was put out during the Yalta International Economic Forum that took place in Moscow.

As stated by the representative of Crimea, Georgi Muradov:

Last year we started discussing the blockchain technology and planned the creation of a cluster, a blockchain cluster in the form of a cryptocurrency investment fund.

Such a move towards innovative technologies might be an attempt to avoid sanctions from the West and lure in overseas investments.

We remind you:

Rosfinmonitoring Took Control of Cryptocurrency Turnover in the Russian Federation

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Interview with Mark van Rijmenam: In 2019 We Will See More Blockchain Projects Coming to Fruition

How often do you have questions about cryptocurrency that no one can answer? How many times have you had them in your head before investing in a dubious project or in the most popular cryptocurrencies? And how does this blockchain even work? We often need an assistant or an inner voice that will put everything in its place. The Coin Shark will introduce this person to you.

We ask the most relevant questions about cryptocurrency to our experts, professionals in crypto and blockchain business. Today, our “inner voice” will be Mark van Rijmenam, founder Datafloq, named global top 10 Big Data influencer and one of the most influential Blockchain people. 

Hello, Mark. What do you think, what problems can be solved using blockchain at the global level?

Blockchain is a paradigm shift, a fundamental technology that will change every industry. Blockchain is relevant everywhere there is a trust issue (when individuals, organisations or things have to collaborate) and when there is a transaction. Blockchain is especially relevant for the financial sector and the supply chain sector, but blockchain can also be used for social good. In our latest book, Blockchain: Transforming Your Business and Our World, we discuss how blockchain can contribute to solving issues such as poverty, climate change, fraud, corruption, censorship, identity theft, etc.

What is the most extraordinary and unique project you had to work with?

Personally, I find the projects that look at using blockchain to solve real-world problems the most interesting. Projects that aim to offer us a self-sovereign identity for example, such as Sovrin or uPort, have the opportunity to change how we deal with identity. That can also be used for developing countries, as over 1,5 billion people still lack a government-issued identity. Also, those projects that aim to help the 2 billion unbanked in our world, such as Humaniq, are very important.

How can your own Datafloq project affect crypto and tech industry?

Our objective is to help the community with relevant articles on blockchain, crypto and other technologies including big data, artificial intelligence and the internet of things. In addition, we are about to launch a new project that could help in the massive fake news problem we have.

Do you invest in cryptocurrency? If so, do you prefer well-known coins or new projects?

I do have different cryptocurrencies. Whichever project I decide to participate in, I always look at what the product is that they are developing, who the team is, how long they have been working on it, what code is already there, do they already have an alpha or beta version, etc. For me to participate in a new project means that I need to have a very good understanding that the project is capable of achieving what it wants to achieve.

Your forecast: what future awaits crypto industry and all holders of cryptocurrency in 2019?

Hopefully, 2019 will see a more stable environment due to global regulations being put in place how to deal with ICOs (although I am aware that it takes time to achieve that). In 2019, we will also see more blockchain projects coming to fruition and delivering real-world products and services. Slowly, the decentralised ecosystem will become to appear as the technology required for that becomes ready. 2019 will be a very interesting year!

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Blockchain Life 2018: 5000 Guests, 80 Speakers, 10 Winners

The Blockchain Life 2018 forum ended in St. Petersburg, Russia.

For two days (November 7 – 8), over 5,000 delegates at the Expoforum discussed the future of blockchain,  cryptocurrencies and technologies, shared methods and experience in building successful projects, trading and mining. The forum also identified the winners of the Blockchain Life Awards 2018!

The main goal of the event was to unite the global crypto-community, to teach the audience to invest wisely in the blockchain industry and to help those who want to create their own project in this area. No doubts that the goal has been achieved – interesting speakers, excellent networking, a large-scale exhibition and a cool atmosphere made it work just right.

The forum was attended by leading Asian foundations, crypto traders, founders of ICO projects, businessmen, blockchain developers and miners, representatives from the Okex, Huobi and Kraken exchanges, as well as, creators and top managers of key cryptocurrencies.

Roger Ver from Bitcoin.com and blockchain.info were among the speakers. His speech took place via  Skype. Roger spoke about how cryptocurrency will change the world. We agree with him that cryptocurrencies are the future and today they are changing the world economy. Among the speakers was Martin Kuvandzhiev from Bitcoin Gold, Vyacheslav Bredikhin from Bitmain, Vit Jedlichka from Liberland and other international speakers of the industry.  In total more than 70 speeches and presentations in two halls over two days.

The session devoted to ICO projects deserves special attention: the experts noted that the ICO market is now “in a deplorable state” and start-ups are to blame for this. Most of the projects are terrible, and the blockchain technology is used in them not in a proper way. “You shouldn’t think how to screw a token into a stubbing stall and raise money on it – you need to do something really worthwhile,” said Sergey Chmel, senior partner of MATRIX CIB, in his speech. He also noted that the ICO will not die – instead, they “will regroup and will move on, taking something from the venture capital industry.”

The exhibition was attended by projects from various fields: stock exchanges, exchangers, manufacturers of mining equipment, ICO and blockchain projects. The project LH Crypto, in February of this year, completed a token sale with a result of $ 11,000,000, presented  their main product – crypto-broker LH-Crypto.Their guests were entertained by the heroes of Crypto Clowns show.

On the second day of the forum, the winners of the Blockchain Life Awards 2018 were awarded. The Best Cryptocurrency Media nomination was taken by Forklog (by the way, Anatoly Kaplan,The founder of Forklog also gave a speech on the topic “Blockchain industry: from sandbox to global economy”). The award in the nomination “Best centralized cryptocurrency exchange” received two projects – EXMO and KuCoi. Cointraffic became the best advertising network for promoting crypto projects. The nomination “The Best Russian Blockchain Project” also turned out to be two winners: XDNA and  Goldjob. CRYPTO-A became the best agency for promoting ICO. The winners in the Best ICO Advisor nominations were also determined as well – Nikolay Shkilev and The Best ICO Legal Adviser – Dmitry Machikhin.

”We did not expect to receive an award. Although, we told all our clients that we were participating in the prize competition and asked them to vote for us. So out victor for us is a honest confirmation that our clients are satisfied by our work! “– noted CEO of Crypto-A, Alena Narinyani.

Not without incidents – during the online voting, a cyber attack happened on the nomination “The most promising ICO”. As a result, the organizers had to cancel the nomination in order to maintain objectivity.

We took part in the nomination “The Most Promising ICO” and were very upset when our nomination was canceled. Nevertheless, the InnovaMinex project has become one of the most promising projects according to Blockchain Life 2018 and we want to thank everyone who supported us, ”said Ekaterina Bublik, Marketing Adviser of Innovaminex.

The two days large-scale forum ended an after party at the restaurant “Tsin”, with Dmitry Grachev, the famous comedian and the resident of the Comedy Club.

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.

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Blockchain Architecture: Technical Brief

Just recently, on October 31, 2018, Bitcoin celebrated its first anniversary – the first cryptocurrency turned 10 years old. Now almost all modern people have heard about Bitcoin. But only few of them can clearly and concisely answer the question: what are cryptocurrencies, and moreover, what is blockchain? In this article we will try to describe in simple words, what blockchain is and how it works.

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

  1. The history of creation and a brief description of Blockchain
  2. Technical Brief
  3. Private and public blockchain
  4. Advantages and disadvantages of blockchain technology
  5. Conclusion

 

1.  The history of creation and a brief description of Blockchain

Blockchain technology is the basis of cryptocurrency, and since recently it is being applied in other areas of life. From its name it becomes clear that, in fact, it is a chain of interconnected blocks.

The most important feature of the Blockchain technology is decentralization. That means, that the network operability is provided not by a single center, but by all its participants at the same time. For ease of understanding, the principle of operation of the blockchain can be compared with Torrent, where the user and the server are the same. Files that are downloaded from the tracker, are not located on the central server – they are stored by other users. Operations in the blockchain occur exclusively between users, without any intermediaries as well.

The term “blockchain” was first used on October 31, 2008. On the same day, the mysterious creator of Bitcoin Satoshi Nakamoto published his legendary article “Bitcoin: a one-time electronic monetary system.” The Bitcoin network was launched in early January 2009. But the concept of the modern blockchain itself was announced in the 1990s. Satoshi Nakamoto has put a lot of effort into the systematization of cryptographic works, which has been published over the past 20-25 years.

2. Technical Brief

We will not go delve into of cryptography, use narrowly defined terms and draw complex graphs. Firstly, 99.99% of people simply will not understand this (including us), and secondly, in order to open this topic completely, not one article, but an entire book is needed. In this article we are talking only about the basics of the architecture of blockchain systems.

So, the blockchain ledger can be conditionally compared with a book. It contains blocks that can be called “pages” of this book. Each block has a name that contains information about the previous block and the key from the next one. This is called a “chain of blocks”. All information is contained in an encrypted HASH. The keys from blocks are found by miners who maintain network performance.

3. Private and public blockchain

We all are used to associate blockchain with finances only, and more specifically with cryptocurrencies. But it is worth noting, that this technology is much more versatile, it can be applied in other areas of life, such as:

  • logistics;
  • identification;
  • proof of intellectual property rights;
  • voting;
  • music;
  • charity;
  • property;
  • etc.

The Bitcoin or any other cryptocurrency network uses a public blockchain, the keys of which are publicly available. It is perfect for the concept of cryptocurrency, but it cannot be used to maintain the workflow of private companies. The private blockchain is perfect for this. Lately it causes increased interest in many companies. For example, it can be used for tracking of goods trade and shipping companies. Such a solution will significantly reduce costs, as well as eradicate all sorts of fraud.

4. Advantages and disadvantages of blockchain technology

First, let’s talk about the advantages:

  • Decentralization. Such network is almost impossible to be closed, because for this it is necessary to disconnect all its members from the network.
  • Safety and reliability. Technical features of the technology exclude falsification, data fraud, and hacker attacks.
  • Versatility. This technology is predicted a great future, because it can be used in various industries.

Unfortunately, the blockchain technology is not perfect and has several disadvantages:

  • Scaling issues.
  • Irreversibility of operations. After the operation was recorded in blockchain, it is impossible to cancel it, even if it was done by mistake.

5. Conclusion

Blockchain technology can cardinally change our lives. Only narrow specialists are able to understand all mechanisms of its work. Basic principles, which we discussed in this article, will be enough for the vast majority of people.

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Ping An To Invest $15B in Blockchain and AI Development

Ping An Insurance Company of China, Ltd. plans to invest about $15 billion in further development of blockchain and artificial intelligence (AI) in order to become the leader in the financial services space.

The representative of Chinese conglomerate stated that their investments are always paying off. Moreover, the company has already “established global leadership in the cutting-edge technologies of AI, blockchain and cloud computing, which will be driving innovations in the financial industry for years to come.”

During the Investor Day held in Hong Kong, Ping An mentioned the most extensive commercial distributed ledger technology (DLT) network in the world. The company explained why it was so good. This DLT technology is able to complete nearly 50,000 Transactions Per Second (TPS).

We hope that this company continues its further development, while we remind you about

Blockchain Specialists Receive the Highest Salary Among Software Developers

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IBM Patented Technology for Defining Borders in Blockchain Based Virtual Reality

IBM, a global leader in IT industry, patented technology that will not allow augmented reality (AR) players to go to restricted places. In the new project, the developers used blockchain technology.

The patent was published on November 1 by the United States Patent and Trademark Office (USPTO). It describes the conditions for interaction of mobile devices with virtual reality and real-world objects. Due to the innovation, users will not be able to get into unacceptable places for general visits.

AR-reality is a technology that allows you to see real and virtual objects at the same time. At the moment, it is assumed that the new technology for AR is impossible to hack. Reliability and security is ensured with blockchain technology.

Since there can be many virtual objects in reality, AR reality is synchronized with real space- thus the company indicated in the registered patent.

The new technology will expand the use of AR. With its help, it will be possible to modify forbidden virtual objects, display them on a smartphone, which will also receive information about AR restrictions.

We also remind that in October, IBM, in collaboration with Visa, began working on the launch of cross-border payments.

Visa Partners with IBM to Implement Cross-Border Blockchain Payments of Hyperledger Fabric Framework

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