Connect with us

Blockchain

EXCLUSIVE: We May Already See Enterprise-Grade Blockchain Solutions Implementation, Says Monica Tartau of Lisk

Avatar

Published

on

Monica Tartau, Marketing & Events Lead at Lisk, recently sat down with BeInCrypto to discuss the benefits of blockchain technology, supply chain-related blockchain applications, and the best use case for the LISK token, among other things.

Having a background in the food industry, Tartau elaborated on the complexity of implementing blockchain to build a decentralized traceability solution. She projected that the industry will not only see projects entering production phases and blockchain applications built, but also said that we may already see blockchain implementation at the enterprise level. 

Lisk is an open source project founded in May 2016. The project mainly focuses on the accessibility of blockchain technology. Accordingly, the Lisk ecosystem aims to offer participants the opportunity to take full advantage of blockchain technology through developer tools, wallets, and a lively community.

BeInCrypto: What is the idea behind the Lisk project?

Monica Tartau (MT): The Lisk project started with the idea of making blockchain accessible. Through the development, documentation, and applications built already with the Lisk SDK, we aim to showcase how easy it is for everyone to benefit from this technology. With this idea in mind, we are working hard to implement an interoperability solution so everyone can use these blockchain applications on our platform.

BeInCrypto: Why is Lisk interested in supporting blockchain development?

MT: As everyone in the space, we at Lisk want to make use of the benefits of blockchain technology, such as transparency, trust, immutability, no middlemen controlling the system, and others. On our platform, we want to see diverse blockchain applications offering these benefits for enterprises in different industries.

The main interest is to see our technology and tools used by companies and individuals to create valuable blockchain applications that users can trust and utilize on a daily basis. This will bring the true value of blockchain technology, highlighting Lisk’s capabilities.

BeInCrypto: Can you name the most fascinating projects for Lisk?

MT: If it comes to our progress at Lisk, in 2020, we were intensively focused on the research for an interoperability solution. The high-level direction Lisk will take was already presented during our online event, in November. In spring 2021, we will host our annual event Lisk.js, where we’re planning to publish the Lisk Improvement Proposals (LIPs) for the interoperability solution. This is a very exciting moment for us at Lisk, and our community is very much looking forward to it.

Regarding development, in 2020, we reached three important milestones for Lisk, which are the launch of Betanet v3, the launch of Betanet v4, and the launch of Betanet v5. With this last release, all the proposed protocol changes were implemented; the fundamental architecture is now complete. This was a great achievement for Lisk and we are now looking forward to finally implementing the Lisk blockchain interoperability.

Of course, another fascinating project we have been working on is the Lisk Center Berlin, a coworking space for blockchain developers. We have created it with the goal of attracting developers to learn more about blockchain and the Lisk project, as well as support them to build blockchain applications with the Lisk SDK. We are excited to host events, workshops, hackathons, and many more in the Lisk Center Berlin, next year. I am personally looking forward to seeing our community interacting with newcomers within the space and basically spreading knowledge about blockchain.

If we are talking about the projects built using the Lisk tools, we have seen several proof-of-concept blockchain applications, in the past months. Some of them were developed by community members and some as part of the Lisk Builders program. Blockchain applications are solving issues in diverse industries. It is great to see how the Lisk SDK can be used for supply chain, gaming, decentralized autonomous organizations, voting, and so on. It is fascinating to see how our community members are using their creativity to build so diverse blockchain applications.

Personally, I am most fascinated by the supply chain-related blockchain applications. Having a background in the food industry, I understand the complexity of implementing this technology to build a decentralized traceability solution. Therefore, I was very excited to see the Fit Market Project built with the Lisk SDK.

BeInCrypto: What blockchain trend may appear in 2021?

MT: We can already see that the awareness of blockchain technology is slowly increasing. If we check the growing interest, the topic is coming up more and more often on online event agendas, we can clearly say that the technology is gaining public attention. The year 2020 — although a tough year for everyone — was a great eye-opener for businesses looking at digital transformation, as well as at transparency.

I believe that 2021 will come with increased awareness and adoption of blockchain. We will not only see projects entering production phases and blockchain applications built, but we may already see blockchain implementation at the enterprise level. Besides this, of course, there are well known trends in blockchain, such as DeFi that continues to grow.

BeInCrypto: What challenges can the blockchain industry face in the near future?

MT: Although the above-mentioned trends look very promising for the industry, we have a long way to go for the full adoption of the technology. Some challenges will still remain, such as the complexity of the development or the privacy and confidentiality issues.

However, we can already see progress being made for some solutions to solve these issues. And, of course, looking at the more traditional industry, we can already imagine slower adoption progress, which will definitely be a challenge in the space. That’s exactly where projects like Lisk have an important role providing accessibility by showcasing the easy usage of the available tools which are beforehand properly tested.

BeInCrypto: What is the key to success for optimized blockchain integration by companies, institutions, and startups?

In my opinion, companies should go beyond the blockchain hype and be pragmatic while assessing the impact and the feasibility of blockchain technology for a specific industry.

There are great benefits to this technology, but the implementation is crucial. The right strategic approach in making use of the value of blockchain will be the key to success for the integration. Besides this, the development team and the support received from blockchain platforms, such as available documentation, community support, and various available tools, may be even more important here.

BeInCrypto: How could a world with semi-centered blockchain infrastructures look like, how could different projects interact avoiding blockchain islands?

MT: The key to avoid blockchain islands or siloed blockchain ecosystems is the interoperability. The way towards mass adoption of blockchain technology is interoperability, and that’s also one of the most important aspects in the development of Lisk project. I believe that interoperability is essential where the value chain is important.

It’s, therefore, critical for the communication between blockchains in order to avoid intermediaries for example. Seeing all the proof-of-concept blockchain applications built with the Lisk SDK is great, but the most fascinating part will be to connect them to the Lisk platform. During the online event Lisk Updates from the Lisk Center Berlin, we revealed a high-level direction for Lisk Interoperability. The Lisk blockchain will become the directory for all Lisk sidechains and the LSK token will place a central part on the Lisk blockchain application platform.

BeInCrypto: What might be the best use case for the LISK token?

MT: The Lisk SDK allows blockchain developers to build almost any kind of blockchain application. With only ten lines of code, a developer can set up a blockchain and then, by using custom transactions, the required logic can be implemented. In order to inspire developers, we have created a page for the Blockchain in Industries series of blog posts to illustrate the applicability of blockchain in specific sectors.

As we have seen through the Builders Program, there are many ideas out there, and we welcome any blockchain developer to build a blockchain application with the Lisk SDK starting from their business idea. The most interesting part is the connection of the blockchain to the Lisk platform, and that’s why interoperability is our biggest milestone.

BeInCrypto: Thank you, Monica.

Source: https://coingenius.news/exclusive-we-may-already-see-enterprise-grade-blockchain-solutions-implementation-says-monica-tartau-of-lisk/

Blockchain

Enjin to Tokenize Celebrity Art as a Fundraising Mechanism

Avatar

Published

on

Popular social gaming website, Enjin has partnered with popular blockchain entrepreneur, Miss Bitcoin to launch a non-fungible token (NFT) charity program.

The charity program, which is the first of its kind in Japan, will launch through Kizuna, a hub for bitcoin donations with no handling fees. 

The first campaign of the charity program will involve tokenized art created by Japanese artists. Funds raised from the campaign will be directed to the Dream Possibility (DxP), a non-profit organization providing help for teenagers facing coronavirus-related issues. 

The sale is expected to fetch over 200,000 Japanese yen (~$20,000). Notable figures will likely participate in the initiative, however, their names have not yet been released. 

The NFT charity project is based on the Japanese concept called ‘Sanpo Yoshi,’ a satisfaction of three parties. Enjin CEO Maxim Blagov commented on the partnership:

“Art tokenization is another great example of how blockchain can automate the sale and fulfillment of high-value assets. While traditional art can take years to sell, it can be minted, listed, sold, and distributed within minutes via the blockchain.”

According to Blagov, compared to traditional art which can take years before finding a seller, art tokens can be minted, sold, and distributed within minutes. 

Non-Fungible Tokens 

Non-fungible tokens (NFTs) are a particular type of crypto token that cannot be exchanged for other assets. Each NFT is unique due to how they are coded in the smart contract.

They are used to prove ownership of digital assets. NFTs exist mostly on Ethereum, NEO, and other blockchains that enable smart-contracts. 

DxP founder Noriaki Imai expressed her excitement in the future of NFT’s:

“This is my first time being involved in an NFT program. I strongly believe in the potential of cryptocurrency to change people’s lives, and I feel very honored for DxP to be part of this initiative and benefit from the application of blockchain technology.”

2021 the Year for Enjin & Non-Fungible Tokens? 

Enjin appears to be investing heavily in the NFT space. The project recently partnered with gaming icon Atari to integrate NFT’s and digital collectibles.

It seems that every year in crypto brings with it a potentially more disruptive technology. As interest in NFTs surge, this will likely be a space to keep your sights on. 

Share Article

The opinion of BeInCrypto staff in a single voice.

Follow Author

Source: https://beincrypto.com/enjin-to-tokenize-celebrity-art-as-a-fundraising-mechanism/

Continue Reading

Blockchain

Five Biggest Altcoin Gainers from Jan. 11 – 17

Avatar

Published

on

Of the five biggest altcoin gainers from last week, IOST has the potential for a continuation of its significant upward move after reclaiming a long-term resistance area.

BQX and CRV have the potential for an increase towards the closest resistance area, while HEDG has yet to break out above long-term resistance. AVAX is already at an all-time high following a parabolic support line, making its position the most precarious out of the five altcoins.

 

Biggest Altcoin Movers

During the week of Jan 11-18, the five altcoins that increased the most were:

  1. HedgeTrade (HEDG) – 275%
  2. Voyager Token (BQX) – 162%
  3. Curve Dao Token (CRV) – 154%
  4. IOST (IOST) – 147%
  5. Avalanche (AVAX) – 133%

 

HEDG

HEDG has been following a descending resistance line since reaching a high of $3.15 on June 4, 2020. HEDG has validated the line multiple times up to this point, most recently on Jan. 16, during last week’s upward movement.

Despite the significant increase, HEDG failed to break out above this line, merely validating the $2.85 area as resistance once more. Currently, HEDG is back to trading below this descending resistance line.

While technical indicators in the daily time-frame are still bullish, the long upper wick and failure to break out is a strong sign of selling pressure.

Therefore, it’s possible that HEDG drops to the 0.618 Fib retracement level before potentially making another breakout attempt.

HEDG Chart By TradingView

BQX

Beginning on Jan. 4, BQX has had a massive run-up, increasing by 933% in the process.

Despite such a considerable upward move, there is no weakness in technical indicators yet, despite all of them signaling that prices are in the overbought territory.

BQX Chart By TradingView

The weekly chart also suggests that there is room for further increases. The closest resistance area is found at $2.03 (0.382 Fib retracement level).

Weekly indicators are similarly overbought but bullish, supporting the continuation of the upward movement.

BQX Chart By TradingView

CRV

CRV has been increasing rapidly since breaking out from a descending resistance line and validating it as support on Jan. 11.

Despite the parabolic rate of increase, technical indicators are still bullish, though they are in overbought territory.

The closest resistance area is found at $2.27 (0.382 Fib retracement level). Similar to BQX, CRV is expected to reach this resistance.

CRV Chart By TradingView

IOST

On Jan. 15, IOST reclaimed the $0.0175 area, which had previously acted as resistance since the beginning of 2018. IOST validated the area as support after and has been increasing since.

Technical indicators are still bullish, despite being overbought, supporting the continuation of the upward movement.

Therefore, IOST is expected to continue increasing towards the closest resistance area at $0.037.

IOST Chart By TradingView

AVAX

AVAX has been increasing rapidly since breaking out from a descending resistance line and reclaiming a horizontal level on Jan. 8. Since then, the rate of increase has become parabolic.

Due to the lack of support below the current price, the rally seems a little unstable. Nevertheless, technical indicators are still bullish, supporting the continuation of the upward move.

Due to AVAX being at an all-time high, we need to use a Fib extension on the original upward move in order to determine the next resistance areas.

Doing so gives us the $16.87 and $23 levels as potential resistance areas (2.61 and 3.61 Fib extensions respectively).

AVAX Chart By TradingView

For BeInCrypto’s latest Bitcoin (BTC) and altcoin analyses, click here!

Disclaimer: Altcoin trading carries a high level of risk and may not be suitable for all investors. The views expressed in this article do not reflect those of BeInCrypto.

Share Article

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo.
In 2019, he decided to focus full-time on cryptocurrencies and trading.

Follow Author

Source: https://beincrypto.com/five-biggest-altcoin-gainers-jan-11-17/

Continue Reading

Blockchain

Kraken Becomes Latest Exchange to Halt XRP Trading

Avatar

Published

on

US residents see their options shrink even further as Kraken freezes trading of the beleaguered crypto.

Kraken announced on Jan. 15 that it would halt trading in XRP for US residents. The company made the move because of the Securities and Exchange Commission (SEC) filing against Ripple Labs.

Kraken sets parameters

The exchange specified that US residents would still be able to deposit, hold, and withdraw XRP after the freeze takes place. The action affects only US residents. “Clients residing in other countries are not affected.”

The announcement also includes a FAQ list. It covers topics such as how long the ban will last (they will adapt to any change in the SEC saga). The upcoming change to a deposit-hold-withdraw only regime may change as the situation warrants. Also, the company’s plans regarding the Spark token airdop remain unchanged.

The SEC filing

The SEC action mentioned in the announcement is the set of Dec. 23 charges laid against Ripple Labs and some of its executives. The SEC claims that the company sold $1.2 billion of unregistered securities in the form of XRP through its platform. Former CEO Christian Larsen and current CEO Brad Garlinghouse are also charged with selling another $600 million in unregistered securities in the form of XRP. 

Ripple Labs is defending itself in court and in the media. Garlinghouse in particular has taken to Twitter to explain the company’s position.

Garlinghouse points out that the Ripple platform has been out for over seven years. Furthermore, it already has government decisions in several countries, including the US, stating that XRP is a form of currency and not a security. He also drew attention to the timing of the charges, and claimed that the outgoing SEC administration essentially left a mess for the incoming Biden team to clean up.

Ripple in still waters

The market reaction to the SEC charges came swiftly. XRP sank highs associated with the Flare airdrop at the end of November. It hit a bottom of under $0.20 at the end of December, while retail investors were raising bitcoin to new highs. A January rally raised XRP into the high 20s.

Exchanges with significant US exposure also moved quickly. Garlinghouse noted that the US accounts for about 5% of XRP holders, but the exchanges kept an eye on compliance. Coingate, Coinbase, and Bitstamp are among the exchanges that have already signaled stoppages.

In one sign as to how Ripple will leave this eddy of activity, SEC Commissioner Hester Peirce, commonly known as ‘Crypto Mom’, stated in a recent interview that charges such as these often get settled out of court.

Share Article

James Hydzik is a finance and technology writer and editor based in Kyiv, Ukraine. He is especially interested in the development of regulation in the face of increasingly rapid technological change. He previously covered the CEE region for Financial Times banking and FDI magazines. An ardent believer in gut renovating eastern Europe one flat at a time, he currently holds more home renovation gear than crypto.

Follow Author

Source: https://beincrypto.com/kraken-becomes-latest-exchange-to-halt-xrp-trading/

Continue Reading

Blockchain

China-based BSN Readies International CBDC Platform

Avatar

Published

on

China’s initial CBDC trials captured the attention of the world’s central bankers. Now, they’re planning on going global.

China’s Blockchain Service Network (BSN) laid out its plans for 2021 on Jan. 15. The company expects to build a universal digital payment network (UPDN) over the course of five years. However, its goals for 2021 include launching a beta-test version of the UPDN in the second half of the year.

Besides the UPDN, BSN has three other primary goals for 2021. These include expanding the BSN network and overall ecosystem as well as promoting the non-CBDC private platform.

What is BSN?

Blockchain Service Network is a Chinese government-supported blockchain research and development company. It is responsible for developing and rolling out the extensive blockchain platforms serving as a digital backbone for the country. With over 34,000 blockchain companies currently working in China, the country’s use of the technology extends deep into its economic base.

Digital yuan

BSN’s plans take part in the Chinese government’s rollout of the digital yuan. The introduction of the digital yuan was a event in the CBDC sector. It eclipsed by far the efforts of the European Central Bank in both scale and scope.

While the ECB experimented with payments in France in 2H2020, the Chinese airdropped digital yuan, engaged citizens in contests to win the CBDC, launched P2P transfers and enabled retailers to accept it.

Do BSN’s plans pose a threat to other countries? They do say that they foresee expanding Public City Nodes for their blockchains in 50 cities, “covering most developed countries” and well-growing developing countries. This is a BSN blockchain network development goal, not a CBDC goal.

However, the ECB broadcast its fears of foreign digital intervention on the currency markets. In November, 2020, the ECB laid out its “Reinvention of Money” strategy. One reason for the introduction of the digital euro, ECB Executive Board member Fabio Panetta declared, was the introduction of foreign CDBCs and the possible threat to Europe’s currency sovereignty.

Meanwhile, in America

On Thursday, Jan. 14,Chair of the US Federal Reserve Jerome Powell stated during an interview on Yahoo Finance that the development of a US CBDC is not something to do in a hurry. Also, he sees the US as having a first-mover advantage in that the dollar is the world’s reserve currency.

Powell stated that it would take years for a US CBDC, not months. That said, he also pointed out that it is something that needs to be done, and done right.

Share Article

James Hydzik is a finance and technology writer and editor based in Kyiv, Ukraine. He is especially interested in the development of regulation in the face of increasingly rapid technological change. He previously covered the CEE region for Financial Times banking and FDI magazines. An ardent believer in gut renovating eastern Europe one flat at a time, he currently holds more home renovation gear than crypto.

Follow Author

Source: https://beincrypto.com/china-based-bsn-readies-international-cbdc-platform/

Continue Reading
Blockchain9 hours ago

Mitsubishi and Tokyo Tech Tap Blockchain for P2P Energy Trading Network

Blockchain9 hours ago

Robbers steal $500,000 in cash from crypto trader in Hong Kong

Blockchain10 hours ago

Good Griefing: A Lingering Vulnerability On Lightning Network That Still Needs Fixing

Blockchain10 hours ago

New Highs Inbound: Ethereum is About to See an Explosive Rally Against BTC

Blockchain10 hours ago

Underground stolen card forum to close after making profits during Bitcoin rally

Blockchain10 hours ago

Litecoin, Crypto.com Coin, Ethereum Classic Price Analysis: 18 January

Blockchain11 hours ago

XRP Price Analysis: 18 January

Blockchain11 hours ago

CBDCs Are Not Real Money, Says IMF Survey Respondents 

Blockchain11 hours ago

GateHub Launches ‘Wallet Protect’ for XRPL Users

Blockchain12 hours ago

Stellar Lumens, Aave, BAT Price Analysis: 18 January

Covid1912 hours ago

Mapped: The 50 Richest Women in the World in 2021

Blockchain12 hours ago

Litecoin Price Analysis: 18 January

Blockchain12 hours ago

Chainlink Wealth Gap Widens as Top 1% Own Over 80% of LINK

Blockchain13 hours ago

Binance Coin, Zcash, FTX TokenPrice Analysis: 18 January

Blockchain13 hours ago

PayPal May Earn $2 Billion in Revenue from Bitcoin Alone By 2023

Blockchain13 hours ago

Aussie Bitcoin trader accuses two banks of discriminatory practices

Blockchain13 hours ago

Bitcoin SV, Maker, Dash Price Analysis: 18 January

Blockchain13 hours ago

Ruffer Investment Co. Justifies $15M Bitcoin Buy in Year-End Review

Blockchain14 hours ago

Are CBDCs considered to be ‘real money’?

Blockchain14 hours ago

Bitcoin Funding Rates Soar as Consolidation Persists; Long-Squeeze Imminent?

Blockchain14 hours ago

Cardano Price Analysis: 18 January

Blockchain15 hours ago

COTI Aims to Break Out From 150 Day Resistance

Blockchain15 hours ago

Bitcoin Bull Run Pushes Grayscales AUM to Over $27 Billion 

Blockchain16 hours ago

AC Milan Partners with Chiliz to Launch Club Token Via Socios

Blockchain16 hours ago

Have I Already Missed My Time To Buy Bitcoin?

Blockchain16 hours ago

VeChain (VET) Rebounds After Correction from All-Time High

Blockchain16 hours ago

The Three Factors That Could Topple The Recent Bitcoin Rally

Blockchain17 hours ago

IGT Looking At Offering Crypto Payment Options

Blockchain17 hours ago

KuCoin Unveils Innovative Trading Bot Feature to Generate Passive Income

Blockchain17 hours ago

Maps.me Raises $50 Million Funding Led by Alameda Research

Trending