Depository Network: The Common Thread Between Traditional Lending And Blockchain

Are you ready for another revolutionary project that solves a bunch of issues for crypto users? If so, then, make yourself comfortable and enjoy the world’s first decentralized multi-platform for collateral assets. Let’s discuss Depository Network and see who were the people that helped to create this blockchain “masterpiece”.

Depository Network: what is it all about?

Depository Network is a first depository for collateral assets worldwide. It is safe, decentralized, and blockchain-based. It provides a pledge system where you can create your own collateral platforms, tens and hundreds of them. If you are a holder of the token or coin backed by Depositary Network, you can guarantee your assets as a deposit and get a loan. And vise versa, any lender can make up his\her own depositary, where he/she will be able to accept digital coins as a monetary deposit. Everyone gets benefits, this make the platform more attractive to crypto-related people.

There are two types of collateral contracts, namely DEPO Smart Contract  and DEPO Escrow Contract. They are designed for the following networks: Ethereum, EOS, Cardano, Qtum, Lisk, etc. There is no mediator and the contract requires at least three signatures. If you more information about the process, then immerse into details here.

Team and Advisors

Now,  let’s move to the “juiciest” part – people who created Depository Network and who supervise the whole process. First, we want to introduce some members of the Team.

Svetoslav Dimitrov (CEO & Co-Founder) is top legal professional, who worked at best Bulgarian law firms. His experience exceeds 15 years, his new vision on implementing traditional legal institutions into digital space helped him to create Depository Network.

Dimitar Kostov (Technology Board Member and Investor) is a genius of management with more than 20 years of experience. He also leads VMware (NYSE:VMW).

Martin Kuvandjiev (Technology Board Member) is one of the creators of Bitcoin Gold, winner as leader of project “Valkirye” at NASA Space Apps Challenge Competitions 2015.

The Team consists of 10 people who are, as you can see,  well-skilled and good at their job. They are literally a “dream team” for creating such an innovative platform. They know what they are doing, and this confidence makes the project superb.

Advisors of Depository Network also include 10 people who have experience of more than 25 years, They work as advisors in many firm and companies worldwide, their knowledge and perfectness lead the project to the best one on the whole planet.

Ivo Gueorguiev is an entrepreneur worked in the top companies worldwide, he had 25 years of experience in fintech under his belt. Now he is a member of the boardship of Banca Transilvania.

Jos Uitdehaag is a senior expert of law projects in European Commission, 15 years of working with international platforms. He is an advisor of International Monetary Fund, key expert in World Bank Group.

ICO details

The project will conduct an ICO in November-December of this year. The total token supply is 3 billion DEPO, the price of token is $0.02. The soft cap is $2.6 million, whilst the hard cap is $15 million. 70% of tokens will be distributed at the token sale, 15% will be retained by DEPO Reserve, another 12% will go to further team development, and the other 3% will go to bounty program and ICO marketing.

If you are interested in this project, please visit their official site and get more information there.

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.

Fourth AI Conference in Moscow: How to Use AI in Business, Customer Relations, and State Activity

On April 9, Smile-Expo will hold AI Conference in Moscow for entrepreneurs dedicated to the application of artificial intelligence in businesses. The event is primarily focused on the examination of case studies of medium and large companies.

About the conference

The conference aims to show how AI can solve routine business objectives. Presentations will be divided into three sections:  

  • AI for companies. Examples of the efficient automation of business processes: logistics, manufacturing, purchase, and others.  
  • AI for customers. Speakers will tell the audience how to customize communication with clients before they cross over to competitors.   
  • AI for the state. Industry challenges, the role of the government in its development, and standardization, as well as how all of these things will affect businesses.   

Each section will include certain case studies. Speakers will reveal them following the ‘issue – solution – result’ scheme.

About exhibition area

Companies engaged in the AI sector will show software and apps based on artificial intelligence. Exhibitors will provide technical advice and assist in selecting an appropriate solution.   

Target audience

AI Conference is designed for those desiring to improve their operations using artificial intelligence. In particular, medium and large business owners, government officials, retailers, marketing specialists, software developers, IT startups, and investors.

Venue

AI Conference will take place in a special economic zone of Technopolis “MOSCOW” at the address: 42 Volgogradskiy ave., build. 5.

Event organizer  

Smile-Expo is an international company that has been successfully holding major specialized exhibitions, congresses, conferences, and forums, creating platforms for business development in 28 countries for 13 years.

Register to AI Conference in order to find out how to apply artificial intelligence in your business.

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.

Kuna Exchange Added BTC/USDT Trading Pair: Speed, Safety, Comfort For Everyone

One of the most promising cryptocurrency exchanges in the Eastern Europe welcomes you in its crypto world. Kuna exchange comprises more than 10,000 active traders, its trading volume approaches approximately $500,000 a day, and about $2,5 million a week. Let us check the most important features of this exchange.

Firstly, it provides a user with easy and fast deposits and withdrawals in UAH, a person can make a deposit using Ukrainian bank card, in cash, or even by using online services Advanced Cash or Certus without any effort. Speed is not just a simple word for Kuna, it is the main priority which the exchange strives for. Therefore, all the transactions occur immediately.

Secondly, safety is of big importance for users, as well as for Kuna. Hence, all amounts on the exchange are backed with real money. User can withdraw any amount of money, and the exchange will still work, as it does not effect on iits work.

Thirdly, comfort is anticipated for every customer, as he/she is able to use userfriendly mobile app to trade the cryptocurrency anywhere. The app is available in Google Play and App Store.

The most important thing is that the exchange allows customers to trade 16 cryptocurrencies with UAH. Moreover, the user can hedge investments in stablecoins, like TUSD and EURS. Yet, it is not the end, the exchange has recently added a new trading pair –  BTC/USDT.

As we have stated before, speed is very important for Kuna, that is why the exchange decided to choose this coin to please its customers with unbelievable transaction speed. This pair will definitely save your time, perhaps even nerves, USDT is based on Bitcoin blockchain, the translation requires only 3 confirmations, and in up to 30 minutes the operation will be done.

The user can instantly transfer the USDT using the Kuna Code. It is an internal asset of Kuna, which allows to transfer assets, to generate code as a gift, to make deals and barter codes between other users of the Exchange and exchangers.

If you have any questions, visit the website or subscribe on Telegram. Do not hesitate and choose Kuna, it is waiting for you!

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.

WaykiChain (WICC) Developer Portal is Officially Opened, Revealing 2019 Technology Roadmap

WaykiChain English Developer Portal is officially launched for developers over the world on February 15, 2019. There are 4 tasks in the portal and developers worldwide are welcome to claim any of those. The total reward of WaykiChain Developer Incentive Program is $50,000 worth of token WICC. WaykiChain will accelerate the speed of building its public blockchain ecosystem by the release of this English Developer Portal.

Incentive Task List

  1. Developing Volunteer Recruitment- $50-$500 per week
  2. Node Deployment- 20WICC per participant
  3. Smart Contract Tool Development- $600-$6,500
  4. Creative DApp Development- $800-$25,000

More tasks to be released in the future.

WaykiChain Developer Portal can be found here: https://wicc.me/gb4

Why choose WaykiChain for DApp development?

– Fast development and continuous deployment through WaykiChain DApp PaaS

– Improved user friendly interface through WaykiChain Hybrid Solution Architecture

– Higher TPS compared to POW blockchains

Also on Feb 09, 2019, WaykiChain CEO, Gordon Gao twittered,

“Something will happen this year: 1- At least ONE unique technical feature of WaykiChain(WICC) will be developed. 2- Core development team will be DOUBLED. 3- Budget for overseas marketing will be tripled. Let’s go.”

It signals WaykiChain’s ambition in technology development, ecosystem construction and global market expansion.

About WaykiChain

WaykiChain (WICC) is a third-generation blockchain that is based on DPoS consensus algorithms with support of Turing-complete smart contracts. It is reportedly able to sustain transactional throughput over 1,000 TPS in real time. In the long run, WaykiChain (WICC) aims to provide a secure, reliable and high-performance blockchain platform that will enable the growth of multiple industries such as prediction markets, decentralized assets exchanges, and decentralized forex exchanges.

Follow WaykiChain’s official channels for the latest updates:

Website: http://www.waykichain.com/

Developer Telegram Group: https://wicc.me/g4

English Telegram Group: https://wicc.me/pr9

Twitter: https://twitter.com/wayki_chain

For inquiries please contact: Linda — [email protected]

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.

Malaysia Incentivizes Its Palm Oil Industry with Blockchain-Tribeni Das

Malaysia has been using Blockchain Technology in three of the country’s largest industries today, namely Renewable Energy, Palm Oil Industry, and the Islamic Banking Sector.

Palm oil has been in growing demand for over the last decade has driven a lot more attention and new ventures towards the industry. Malaysia currently accounts for 39 % of world palm oil production and 44% of world exports. If taken into account of other oils & fats produced in the country. As palm oil is the key income earner, this industry is set to thrive for the next 100 years.

Production of palm oil has become a popular way to meet global consumption for not only vegetable oils but as an everyday household commodity since the yield per hectare ratio is very high.

Palm oil is the biggest export business of Malaysia, accounting for nearly half, which is 43%, of the country’s agricultural income, according to official figures. Agriculture, just alone, contributes to 8.1% of the country’s GDP.

Hence the government brought out reforms in the structuring of this high revenue earning industry by integrating Blockchain Technology as it will help boost the economic situation of the country and make its functioning more transparent and contribute to environmental sustainability.

The Malaysian Industry-Government Group for High Technology, known as MIGHT, led an initiative to combine Blockchain Technology with the Palm Oil Industry for greater profits as there is a heavy reliance on the agricultural input.

  • This will allow for a more sustainable supply chain network, as sellers and customers are now able to track the source of palm oil and monitor their transactions.
  • Government and legal committees can also use the data to track the sources and modulate the industry for a more sustainable approach.

Recently, a group called SUSTAIN (Sustainability Assurance & Innovation Alliance) created by a number of palm oil industry leaders came up with their own plan.

The goal of this alliance is to establish a Blockchain-based palm oil platform to tackle landscape-level sustainability problems, as well as meeting goals related to NDPE (No Deforestation, No Peat, No Exploitation) which is very environmental.

Blockchain combined with this industry can be helpful in geographically locating the harvested fruit branches and can be utilised as a concrete support system for the same. This would help us get the stored information related to the palm oil workers identities and harvesting phases. This structure could also prove to be revolutionary as it will not only provide government agencies with better information regarding the employment status of the workers but also help policy maker’s gain and access more information about the farming practices. In its entirety, the overall conditions of workers who are working for or connected to this industry will improve.

Palm oil spoilage and wastage is one less known issue that propels up, but with this technology it can now be curbed. The spoilage takes place when it is improperly stored as palm oil has the propensity to react poorly to unsuitable surroundings. When this takes place, the oil is unfit for consumption and even usage as the amount of Free Fatty Acids (FFA) reaches a specific level.

Hence in ways mentioned above, a future-tech advancement like Blockchain is helping regulate an everyday resource like palm oil. Speculation is that in the future Blockchain Technology could be combined with IoT sensors to uncover more potential and revenue methods in this industry. There is so much to explore and the research is still on. World Blockchain Summit taking place in Kuala Lumpur from 27th – 28th of February, this year, aims to connect solution providers dealing with ledger based services to the local marketplace, in order to help Malaysia develop an implementation roadmap to utilise Blockchain as a solution to the aforementioned problems!

Click here to learn more about our event.

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.

Glimpse into the Future at Hong Kong Blockchain Week

The first thing to know about blockchain technology is that there is a lot to know.

There is, of course, Bitcoin, which has always been seen as Batman to blockchain’s Robin, or vice-versa. But since those early days when Bitcoin and blockchain were seemingly joined at the hip, the nascent technology has begun to outgrow its exclusivity with cryptocurrencies: From global payments to insurance to the travel industry to the real estate business and beyond, the possibilities for blockchain’s utilization in the near future seem limitless.

There is also, of course, blockchain’s strides in banking: HSBC announced earlier this year that it has now settled more than three million forex transactions and made more than 150,000 payments worth $250 billion using blockchain technology. Specifically, the bank is using a distributed ledger technology called HSBC FX Everywhere, noting in a press release that it “has been used for the past year to orchestrate payments across HSBC’s internal balance sheets, creating significant efficiencies and opportunities.”

However, since any attempt at innovation often gets met with equal parts excitement and skepticism, it’s not surprising that some doubts have been raised about the progress blockchain has made thus far – or the lack thereof, as it were.

And while the economist Nouriel Roubini – who, granted, is nicknamed “Dr. Doom” – is already talking about blockchain’s “broken promises,” it doesn’t seem as though most people are as quick to dismiss the technology’s potential. Instead, there appears to be an air of cautious optimism, with people excited by its potential, but still waiting for its potential to be realized in more real-world applications.

A survey conducted by consulting firm Deloitte of over 1,000 executives across the globe found that although 74 of respondents said their companies see a “compelling business case” for using blockchain technology, only 34 percent said their company has initiated deployment of blockchain in some capacity. And while “a significant percentage of early adopters in the business community (59 percent) believe in blockchain’s potential to disrupt and revolutionize their industries, and the overall economy,” the reality is “there are very few active use cases they can currently employ to advance their beliefs.”

And yet, 78 percent of the executives surveyed by Deloitte “believe they stand to lose competitive advantage if they do not eventually implement blockchain.”

So, we return to our original premise: There is indeed a lot to know about blockchain. But knowledge is power, of course, and whether you’re an early adopter of blockchain technology or a neophyte trying to catch up, Hong Kong Blockchain Week, presented by NexChange on March 4-8, is the largest blockchain event in Hong Kong and the perfect opportunity to hear  about the real-world applications of blockchain, discuss the opportunities it presents for innovation in your industry, learn about possible regulatory developments and connect with other people in the fledgling space.

Among the topics that will be covered during the week include:

  • Government and Blockchain in which we focus on use cases
  • Financial Services and Blockchain in which we look at how big banks and insurance companies are using the technology
  • Big Corporate and Blockchain in which we explore how it’s being used by Fortune 500 and other companies
  • Technological Advancement and Blockchain in which we geek out about how to solve blockchain’s challenges
  • Governance and Blockchain in which we talk about creating governance structures that deliver on the democratization promised by blockchain

Hong Kong Blockchain Week will feature some of the best and brightest minds in blockchain, finance and innovation. Our panel of experts will talk about both the progress that’s been made so far, as well as the challenges the industry faces as it moves this new technology forward.

Our featured speakers will include Bart Chilton, former Commissioner of the U.S. Commodities Futures and Trade Commission; Sinhae Lee, partner at Global Blockchain Innovative Capital (GBIC); Tony Tong, Co-Chairman of the Hong Kong Blockchain Association; Clara Chiu, Head of Fintech Unit & Director of Licensing at the Securities and Futures Commission (SFC); Franklyn Richards, Founding Director at the Litecoin Foundation and COO of Zulu Republic; Charles d’ Haussey, Head of Fintech at InvestHK; Charles Mok, member of the Legislative Council of Hong Kong; Sally Evers, official member of the Forbes Technology Council; Brittany Kaiser, Co-Founder of the Digital Asset Trade Association (DATA) and Cambridge Analytica whistleblower; and Juwan Lee, Chairman and CEO of the NexChange Group and CEO of Arrakis Ventures.

There is a lot of ground to cover when it comes to better understanding the opportunities and challenges with blockchain; luckily, we’ll have a week to take a deep dive into the technology. To register for Hong Kong Blockchain Week and to stay updates on the full lineup of featured speakers, just go HERE. We hope to see you there.

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.

How to Choose Suitable ICO and Top ICO Trackers in 2019

Recently, the interest of potential investors to new ICOs projects has faded away a little.  It is explained by the fact that the cryptocurrency market has been in the downtrend for more than a year. But despite this, a huge number of new cryptocurrency projects constantly appear on the market. In order to have a convenient opportunity to look at the list of all current ICOs in one place, there have been created special aggregator sites, they are called ICO trackers. In this article, we will talk more about these services, learn about their advantages, disadvantages, and also provide you with a list of the most authoritative sites.

1. What are ICO trackers

So, as it was mentioned above, ICO trackers are specialized services that publish the necessary information about large ICO projects. It is possible to see lists of upcoming, existing or already completed projects on such resources. The main goal is to provide basic information to potential investors. On some of these sites, you can find not only the roadmap of a specific ICO but also its detailed analysis.

The staff of such services is doing a great job, which is aimed at studying the strengths and weaknesses of the blockchain ICO projects. As it is known, a huge number of scammers are concentrated in this area, for this reason, ICO trackers help potential investors navigate this dangerous market.

To understand the principles of such services, let’s take a closer look at the criteria by which projects are evaluated:

  • Risk. In order to compile an estimate for this parameter, the following data is studied: publicity of the development team, White Paper, availability of a test work product, the reputation of consultants and partners, etc.
  • HYPE. This criterion is counted by calculating the number of subscribers on the project pages in social networks, the frequency of its mentioning in the media, search results, etc.
  • Basic report. To evaluate this criterion, the following aspects are closely studied: the innovativeness of used technologies, the presence of its own blockchain, advantages and disadvantages, prospects and possible development options.
  • Investment Rating. According to the analysis, an expert forecast of the future of the project is provided.

All these factors help investors to get comprehensive information about a particular ICO and decide whether to invest their money in it or not.

2. Strengths and weaknesses of ICO trackers

ICO trackers are not perfect and they also have their own advantages and disadvantages.

Advantages

  • Providing basic information about the latest ICO.
  • Compilation and provision of project analysis, which significantly saves time for potential investors.
  • Listing scam projects.

Disadvantages

  • Not all services consist complete information about a specific project.
  • The information provided on the ICO tracker cannot be trusted 100% since such services cooperate with many projects as advertisements. This may mean that published information about a specific ICO may not be objective. For this reason, before starting the ICO funding, it is better to study it yourself.

3. Who needs ICO trackers?

Such services are actively used by investors, people who themselves conduct crowd sales, as well as all other users who are simply interested in this industry. A huge number of fraudsters are concentrated at this market. But despite this, there are really worthwhile projects that can give real profit to their investors, even in such a market. For a non-professional investor, it is quite a difficult task to find such an ICO. Therefore, investors use similar services to obtain key information about recent ICOs.

It should be noted that startups themselves are very willing to use ICO trackers because, such services are an excellent marketing tool for them.

4. List of popular ICO trackers in 2019

Recently, a sufficient number of ICO-trackers have appeared on the market. Each service has its own approach and its own criteria for evaluating new ICO coins. It is possible to find detailed information about ICO projects on larger sites, and some services simply publish WP with a link to the official project resource.

Here is a short list of popular and current ICO trackers in 2019 (according to the rating for 2018).

5. Conclusion

There are many scammers on the ICO market, lists of which can be found on specialized services – ICO trackers. Such sites allow investors to obtain key information about ICO projects.

These are certainly very useful services, but it is important to remember that ICO trackers are not the last resort, so before investing money in a certain project, it is better to search for information about it on the network.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/