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To answer something like this you need to look at what things may breed success for a blockchain. In my opinion, it is quite a simple list.
As you can see, none of them quite fit all statements, though BTC did in the past, and ETH may eventually in the future. I’m also adding FSN to the list, to demonstrate where I consider it to be at.
1. It needs to bring something new BTC, ETH, FSN
2. It needs to capture people’s imagination. BTC, ETH, XRP, LTC, EOS, (FSN not quite yet)
3. It needs to be incredibly useful. ETH, FSN, (BTC once upon a time)
For a blockchain, I think the following also need to be true:
4. It needs protection against failure by a diversity of contributions. BTC, ETH, EOS, (FSN some way to go)
5. It needs to be predictable BTC, LTC, EOS, ETC, (ETH not quite yet), (FSN not quite yet)
So, what is this new thing that Fusion brings?
Everybody knows Bitcoin solved the double spending issue and Ethereum brought an advanced smart contract platform.
With Fusion, it is, in fact, several things, but in cases like this, it’s usually only that “one thing” that really matters. And I think Fusion Time-locks is the major one.
Fusion has built time-features straight into the protocol layer enabling splitting of tokens into time-slices. Something no other chain has even considered or given much thought to.
Perhaps because it complicates supply in ways people can’t even begin to understand or consider. Or because their focus is still much more basic issues.
So, what does this mean, and what’s new about it and why should people care? In my opinion, it is incredibly huge. It’s not just an evolution of cryptocurrency, but an evolution of money.
All kinds of money and all former kinds of crypto are only a very simple means of exchange without any real evolution since the time of bartering; there’s really nothing special you can do with it besides paying someone.
But with Fusion Time Locks, you can suddenly pay someone without losing any money, which is pretty mind-blowing.
How Can This Work?
Of course, there’s a trick to this. You can’t give something without losing something.
But by paying someone through Fusion TL you’re not losing any of your current money, you’ll get all of that back at a time of your choosing. What you do lose, is your liquidity for that time and the power to generate interest in this time period.
In a sense, it’s like giving a loan with 100% guaranteed return, but even this is a slightly simplistic way to describe it.
If Fusion could only bring this to FSN, I’d say this would still not be anything major.
But Fusion has grand plans for interoperability and aims to be the most secure platform for interoperability.
This is something yet to be proven, and the goal of numerous blockchains (so, not new), but the point is that Fusion can in the future bring the ability to pay with future interest to any currency.
It won’t be limited to just FSN. This means there’s truly a good reason to actually bring other assets to Fusion.
Fusion also has other interesting inherent features such as quantum swaps, a form of swap where quantities don’t need to be pre-set (they can instead be partially filled) like with atomic swaps.
Further swaps can handle an unlimited amount of currencies in a single transaction. Very useful things, but not revolutionary and original enough to consider “something new”.
Capture People’s Imagination
For people to truly believe a project can be successful it also needs to be spearheaded by a visionary.
DJ has led Fusion Foundation since inception, and though he is a man surrounded by some controversy, there’s no doubt that he’s a great visionary who wishes the Fusion Network to succeed at any cost.
So far, Fusion has been lacking in great marketing, leaving it as a still relatively unknown blockchain project.
If anything, media coverage of Fusion has focused on the negative, such as the theft of the swap wallet tokens last year and the inabilities of the Huobi exchange to swap their FSN tokens to mainnet.
Not exactly engaging stuff. But what Fusion is building absolutely deserves to be captured by people’s imagination.
Currently, an app called WeDeFi is being built utilizing Fusion technology with the aim to capture the mass market.
The loose goal is 1 million users. The app is a form of decentralized bank account that in a simple way helps people extract time value from their FSN in the form of an interest account.
By other means the same thing will be done to BTC, USDT, ETH, etc; once Fusion’s interoperability is ready for it.
The app also has a gambling feature called SafeBet, allowing people to bet their future interest (TL currencies) in exchange for a chance to win some big prizes.
WeDeFis upcoming marketing campaign is likely what will truly begin to capture people’s imagination en masse regarding FSN.
There are rumors of another major app being built on Fusion as well. This one will be a form cross-chain swap app, which will enable the exchange of any cryptocurrency for any other regardless of what chain they are on.
This will utilize full Fusion’s DCRM technology, which has the power to generate cryptographic keys and split them in shards without anyone ever witnessing them, enabling truly decentralized custody.
Not much is yet known about this future app, but the anticipation is huge within the community that follows Fusion closely.
Interoperability has by some been described as the “Holy Grail” of blockchain, and DCRM may well be the most elegant solution of all once it is fully implemented in the Fusion blockchain.
It Needs to Be Incredibly Useful
What I described above is just the beginning of course. The true greatness of Fusion would be seen once real assets start to become cryptofield.
Once this begins to happen Fusion time-locks may powerhouse leasing, insurance, car rental.
Basically, any contract where time is a factor would be super useful to build onto Fusion and anything with a lock where access is meant to be limited by time could gain improved security and smoothness through Fusion.
Things such as financial instruments and equities could also be rented out for a time.
Perhaps they are set to pay out a dividend at a certain time, but it’s uncertain how big the payout will be.
Someone that does not want to gamble the amount might then decide to sell the equity for the day of the supposed payout to someone willing to take a bigger risk.
Or perhaps you will be able to lend someone your tokenized Netflix account for 2 months.
Or how about crypto-hodling? Say you don’t trust yourself to save your Bitcoin or Ethereum for 5 years.
With Fusion, you could choose to TL them to a burn address for those 5 years and make sure no one (not even yourself) can access them until those 5 years passed (in my opinion this is just dumb, but some people may want to do exactly this).
These are just a few of millions of examples of how it could be used, once tokenization of assets begins for real and DCRM is fully integrated to handle them all on Fusion.
You could write endlessly about the various use cases. There really are no limits.
And I hinted at it before, but time-locks aren’t the only new useful thing about Fusion.
The ability to handle multi-asset swaps, might one-day power shopping and warehouse management, a way to sell entire portfolios in a single swap, or be a way to hide the use of FSN as gas in-app transactions utilizing cryptofied FIATS running on Fusion.
Quantum swaps in combination with DCRM is the perfect combination for cross-chain DEXes, enabling partial fills between assets native to different chains.
SMPC is a multi-signature type wallet built by DCRM that enables multiple people to govern a single crypto wallet in a secure way.
Think of it as fully customizable decentralized custody. Thresholds can be decided regarding how many need to approve of the action, for it to be able to take place.
In these wallets, no person will ever have seen the wallet keys, and to sign an agreement is necessary according to whichever governance model is chosen.
This can be a super useful tool in situations where funds are meant to be controlled by a board or a foundation.
A 4/7 or 3/5 setup might be useful in these situations, where you would want a majority agreement to be able to take action.
A 2/2 SMPC setup could also be very useful and may eventually play a major role in business transactions where the parties don’t fully trust each other.
Combine that with a logistics oracle as a third party, and you may have something truly unique (oracles will be running on Fusion too, eventually, by the way).
DCRM interoperability will be using SMPC as a base layer for movements on the or original chain in Fusion lock-in and lock-outs.
In these cases you want as many nodes as possible involved, so they might end up using something like a 101/200 model, to take action, making it nearly impossible for nodes to collude.
The more nodes, the better of course.
A single person SMPC wallet is also a useful thing, as it’s a way to have a crypto wallet without needing to own a private key.
Most people are more used to keeping username and password and SMPC would enable this possibility without the need to trust a centralized party.
Diversity of Contribution
Fusion’s community is still quite small and the number of companies utilizing it, yet quite limited, at least when compared to Bitcoin and Ethereum for example.
Fusion is still very dependent on its primary initiator DJ Qian and his efforts to bring it to greatness.
But many things are certainly done to encourage as many as possible to build on Fusion. FOSC (Fusion Open Source Community) is the most visible example of this.
Currently, almost all the work to enhance Fusion is done through FOSC, where TL rewards are handed out to those building tools that enhance Fusion or to those who in some other way contribute to Fusion.
So, anyone may be part of Fusion’s GitHub and contribute to it and should expect a reward if it is useful to work.
Even so, Fusion can not compare to BTC, ETH, and EOS in this regard. But it is certainly moving in the right direction.
Worthy of mention here is also Fusion’s licensing model that enables anyone to own and use the technology that Fusion has created by holding and locking certain amounts of FSN to the Foundation.
This is only necessary for someone intending to use the technology outside of the Fusion blockchain.
But I think it is an important consideration for the potential of the increased diversity of contribution.
As it can enable others to feel like they truly own the Fusion technology and it might eventually help propel the increase of parties creating various applications built by it.
As Fusion grows in price, awareness, so undoubtedly will also the diversity of contributions. The higher value of the offered TL rewards alone can aid a lot. But it’s not a ‘quick fix’ by any means.
You can read about Fusion’s tokenomics here. They are in fact superb and if all goes well Fusion will end up being one of the most predictable currencies out there.
But currently, there are yet some unknown and uncertain factors.
We have yet to see a Fusion halving for example, and there are still many tokens that have not swapped to the Fusion mainnet.
Fusion is also still in part haunted by the swap wallet theft of 2019.
But with enough time these things should fade, and with time Fusion may become one of the most predictable blockchains of all as the base tokenomics are truly excellent.
To sum up, I think Fusion can potentially fulfil all points of my shortlist in the future, something that in my mind would make it one of the most promising blockchains out there.
Hello and welcome to Go Cryptowise.
My name is Per Englund and I’m a long-term fan and investor of Bitcoin and other cryptocurrencies. I’ve been around the space for a good few years, learning how it all works and to be a part of this engaging community.
Now it’s time for me to share my experience with others. I am also a business and product developer so I know first-hand what it takes to create a successful product, brand and customer experience.
And I am bringing this vision to my writing and how Go CryptoWise work.
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Get in touch with me to find out more about Go CryptoWise and what we care about.
Record Number of Dark Markets Online as Demand for Illicit Goods and Services Continues to Grow
The criminal environment of darknet markets is extremely turbulent. Numerous darknet markets are launched every year and just as many are constantly exiting, being seized, or otherwise going defunct. Despite this barrage, CipherTrace has noted more dark markets online than ever before.
CipherTrace researchers are currently monitoring over 35 active darknet markets. The newest darknet markets – both launched around early September – are Invictus Market and Lime Market. Lime Market, thought to be run by the former admins of DarkBay, appears to be a very small market and is not expected to become a very notable enterprise. Invictus Market, on the other hand, is run by the admins of the well-known Imperiya darknet service—an enterprise that creates and maintains darknet vendor shops for a modest fee. As the admins of Invictus already have a good reputation among the darknet community, it stood to see quick growth. However, while Invictus was able to gain close to 10,000 customer accounts in its first month, by the end of its second month of operation (October 20), Invictus’ customer base had barely surpassed 10,000 accounts, indicating its exponential growth appears to have slowed drastically.
Three Tumultuous Exit Scams
Empire Market was one of the largest, longest running and most successful darknet markets. Launched in February of 2018, Empire rose to become the largest darknet market in the Western world during its time. However, by late August 2020 the dark market pivoted and exit scammed—a scheme where a dark market or fraudulent exchange ceases operation and steals all the funds in escrow and account wallets. An exiting market will either abruptly shut down or remain online with escrow payouts and withdrawals disabled, but deposits still enabled, allowing the scammers to net more funds until users catch on.
Following Empire’s exit, its vendors and customers had to move to a new market, leading to a large influx of new users on all other open darknet markets.
On September 10—less than three weeks after Empire’s exit—Icarus Market also went offline. The site never came back up, taking all their vendors’ and customers’ funds with them . Icarus had been pushing high effort updates soon before the exit, leading CipherTrace analysts to believe that the exit likely wasn’t planned. Rather, it’s probable that the large influx of new users from Empire and their deposits made Icarus ripe for a profitable exit. As a result, the admins may have taken advantage of the opportunity and exited sooner than they had originally planned.
Sometime around October 12, DeepSea market also abruptly went offline. After just a few days with no word from market admins, users and one DeepSea forum moderator concluded that the market had exit scammed. As of the writing of this report, it has been one week since the market went offline. It is possible—but unlikely—that the market will return. It could have been seized instead of exit scammed, but law enforcement has yet to announce the seizure. If the market doesn’t return and law enforcement don’t announce a seizure, it can be concluded that DeapSea has exit scammed.
White House Market, due to its good reputation among darknet users, will take some traffic from these exits and has the potential to be the next biggest market. However, White House Market’s high security requirements tends to turn the average dark market user away. It is more likely that DarkMarket will take much of the traffic from the Empire, Icarus, and DeepSea exit scams.
As it stands, DarkMarket and White House Market appear to be the largest darknet markets in the Western world with over 300,000 customer accounts each. White House Market saw a 40% increase in users between August 27 and September 28, following the exit scam of Icarus, and a further 8-10% increase between late September and October 20. The next most notable darknet markets currently active are Versus Market, Monopoly Market, ToRReZ Market, and of course the Russian darknet behemoth—Hydra—which has been active since 2015 and is likely the largest darknet market in the world.
Why So Many Dark Markets Come and Go
Creating a darknet market requires little upfront cost, and the potential rewards can be high—Empire market admins, for example, reportedly profited around $30 million from their exit scam alone, not including the money they made in the two years of their operation. Evolution market exited with $12 million in user bitcoin. This results in numerous darknet markets launching every year. According to CipherTrace research, there has been at least one notable darknet market launched every month on average since early 2019.
However, darknet markets go as quickly as they come. The eventual fate of all darknet markets is to be seized, to be hacked, to exit scam, or to voluntarily shut down. It’s most likely that the majority of darknet markets plan to exit scam from their inception, especially as a plan B if things go sideways.
Operating a darknet market is risky. Market operators have a long list of adversaries. Law enforcement is the most obvious, powerful, and dangerous adversary of a darknet market. If a market runs for long enough, it’s likely to be seized and its operators arrested. Ten years ago, the first dark market, The Farmers Market, appeared on the Tor network; eight years ago its eight founders were arrested, seven pled guilty and the leader was convicted to 10 years in prison for selling narcotics and laundering money. Ross Ulbricht, aka Dread Pirate Roberts, allegedly operated Silk Road—the first large scale dark market with over 100,000 customers. Ulbricht was also charged with a murder for hire plot and was sentenced to a double life sentence plus forty years without the possibility of parole. Ulbricht built this black market bazaar to exploit the dark web and the digital currency Bitcoin to allow users to conduct illegal business beyond the reach of law enforcement. According to the DOJ “Ulbricht’s arrest and conviction – and our seizure of millions of dollars of Silk Road Bitcoins – should send a clear message to anyone else attempting to operate an online criminal enterprise. The supposed anonymity of the dark web is not a protective shield from arrest and prosecution.
Darknet markets are also under constant threat of being hacked by adversaries who want to steal funds from a market’s hot wallet, extort the admins, or conduct an attack that might lead to a profit. Furthermore, darknet markets are constantly receiving Denial of Service (DoS) attacks. DoS attacks on a market might be conducted by an individual demanding ransom, by admins of a competing market who want to diminish competition, or even by law enforcement who want to destabilize these criminal enterprises.
Even if a market intends to be around forever and manages to avoid being seized or hacked, there is always the chance of either a slip up in their operational security or an attack that poses too great a threat to the admins that they’re forced to execute their plan B: an exit scam. By conducting an exit scam, the admins of a darknet market are able to solve their problem while making a substantial profit.
The Ease of Creating a Dark Market
The ease of creating a dark market adds to its lucrative appeal, particularly if one intends to exit scam. While the biggest hurdle to operating a dark market was once the issue of gaining the trust of vendors and customers to use your site, the barrage of seizures and exits leaves many bouncing to and from one dark market to the next.
There are many ways criminals can quickly produce dark markets, with the easiest being to simply buy a pre-built marketplace template—all the customer has to do is replace any place-holder text and install the software to their servers. This method was used by the popular dark market “DarkMarket.” The current price for a standard, pre-built marketplace kit that accepts BTC and Monero is only $599 in BTC. Support for additional coins range from $50-$90 per coin. This upfront cost is minuscule when compared to the profits of many of the established exit scams.
The ease of creating your own dark market, coupled with the profitability of exit scamming and constant demand shown by the volume of customer accounts on these marketplaces culminate in a record number of dark markets now online. It is likely that this number will only grow in the future, however, the use of blockchain analytics such as CipherTrace can ensure that the funds originating from any of these dark markets are identified the moment they are moved to fiat off-ramps such as exchanges.
Top 10 Blockchain-as-a-Service (BaaS) Providers
🔥🚀 BaaS or Blockchain-as-a-Service is a paid blockchain-based cloud service that blockchain companies provide to customers. BaaS provides customers with the ability to build, host, and use their own blockchain apps, smart contracts, and any other digital services on a distributed network.
It is important to clarify that the BaaS concept is derived from the concept of SaaS (Software as a service) and works similarly to it. 👇
◆ How does BaaS work?
According to the BaaS concept, blockchain companies install, manage, and maintain, blockchain-based cloud platforms in addition to providing the tools necessary to build blockchain applications to customers in return for a fee.
◆ The future of the BaaS industry
Currently, the global revenue from blockchain services is estimated at $ 2.5 billion and by 2025 this number is expected to rise to $ 19.9 billion.
Overall, the business value of blockchain solutions will increase to more than $ 360 billion by 2026, with estimates of this number reaching $ 3 trillion by 2030.
The previous figures clearly show the future of the industry as well as explain the huge and successive investments in the blockchain business in general.
❖ Advantages of using the BaaS model
The BaaS model provides its users with many advantages, most notably high data security, efficiency, scalability, unlimited customization potential, as well as it is compatible with current cloud services.
In addition to the above, the adoption of the BaaS model reduces administrative burdens and provides better management and recruitment of resources.
Moreover, the BaaS model is easy to use and affordable, given the value it offers.
☉ BaaS vs owning a blockchain-based cloud platform
The BaaS model is a better solution for business than having a blockchain-based cloud platform in all aspects. Owning a blockchain-based cloud platform is hugely costly due to start-up costs (infrastructure, personnel, software, licensing, hardware, consulting, and more), retirement costs (decommissioning of server racks), and operational costs (monitoring, cost per transactions, bandwidth expenses).
In addition to the above, owning a blockchain model means fully assuming administrative responsibilities. 👇
🗨 While in the BaaS model, the cost is significantly lower because you only pay for the service you get. The service price in the BaaS model is subject to several factors, including the transaction rate, the maximum number of concurrent transactions, the payload size on transactions, and so on.
Also, in the BaaS model, all administrative burdens are borne by the provider.
● How to choose the right BaaS provider?
There are a number of points to consider when selecting a BaaS provider. For instance, the provider’s experience and reputation, the security of the platform, the technical support as well as the ease of use and pricing.
In addition, it must be ensured that the platform integrates with the existing operating systems and software.
🚀 It should also ensure that the platform supports smart contract integration and deployment, identity access management (IAM) system, different runtimes, and frameworks. 👇
🟥 Top 10 Blockchain-as-a-Service (BaaS) Providers
Blockwell is one of the world’s leading providers of blockchain solutions to governments, enterprises, and end-consumers. Founded in 2018 by experts who have contributed for 20 years in developing emerging technologies for some of the largest companies in the world.Blockwell aims to assist organizations in adopting blockchain solutions by providing consulting and a cloud blockchain platform in addition to a distinct and diverse set of tools and programs.
Blockwell aims to help everyone generate profits by allowing them to build and expand blockchain tools, services, and products.
Currently, content creators rely on existing toolkits developed by Blockwell, set their own commission structures, and earn percentages as they sell and promote their tools around the world.
During the past two years, Blockwell has developed blockchain solutions for cryptocurrency businesses around the world. 👇
🔻In addition, Blockwell has vetted dozens of token contracts for some of the most popular exchanges in the world, prevented and stopped hacks saving individuals millions of dollars, built successful token-swaps tools, and analytics tools.
Blockwell’s previous work includes the names of many well-known businesses such as JPMorgan Chase Bank, Wells Fargo, Disney, GoPro, Paramount, Mattel, Universal, Lucas Arts, Suzuki, Epson, Time Warner Cable, Guitar Center, Beachbody, Marriott, Jaiyen Eco-Resort and more.
🗨 Blockwell has an impressive list of tools and applications. Notable among them are Blockwell Wallet, Pride Token, Fire Tokens, EgoCoins, Blockwell, Blockwell Book, Sheets-n-Blocks – Blockchain, Contract Tool, VoteBlock, API Miner, Smart License Creator, Blockwell Prime, Listener, Token Swapper, Blockwell Daico, Blockwell Telescope, Blockwell Spyglass, Blockwell Velvet, Blockwell KYC Form Builder, Non-Fungible Token Creator, BW, and Dumbapps.
In addition to apps and tools, Blockwell has launched a store for DApps named “Well Spring” that has 16 working apps so far.
Blockwell backed tokens are valued at over $ 80M.
🗨 Regarding the future, Blockwell is seeking to expand by investing $ 10M. The company plans to obtain it by selling 100MM tokens to investors.🔻
Amazon introduced its BAAS service called “Amazon Managed Blockchain” in 2018 through its cloud arm, Amazon Web Services (AWS). Amazon Managed Blockchain is a managed service that makes it easy to create and manage scalable blockchain networks using open source frameworks including Ethereum and Hyperledger Fabric.
Moreover, Amazon allows customers who want to manage their own network to go ahead, but it is an option that needs experience in dealing with AWS Blockchain Templates.
Amazon also enables companies to integrate their blockchain-based networks and business processes to improve IT infrastructure, business processes, human resources, financial transactions, and supply chains.
In addition to the above, Amazon provides AWS Key Management Service to secure Hyperledger Fabric’s CA (Certificate Authority) and Amazon QLDB technology to manage augmented ordering service.
🗨 The BAAS offer from Amazon is characterized by flexibility in identifying resources to suit companies’ needs.
Amazon customers’ list includes star names like Nestlé, BMW, Accenture, Sony Music Japan, and the Singapore Exchange. 👇
🚀IBM is one of the world’s most important BaaS service providers. Forbes selected it among the top 50 blockchain companies, thanks to its blockchain platform “IBM Blockchain“, which it launched in 2017.
IBM Blockchain is a fully-integrated distributed ledger technology platform that enables businesses to “’ develop, govern, and operate a blockchain ecosystem quickly and cost-effectively on a flexible, cloud-based platform by using Kubernetes.
Partnerships have been vital to IBM’s continuous BaaS expansion. it created the Trust Your Supplier platform alongside blockchain firm Chainyard and also pioneered the Contingent Labor platform in conjunction with IT People.
As well as IBM Blockchain has joined The Linux Foundation’s Hyperledger Project to evolve and improve upon earlier forms of blockchain. Instead of having a blockchain that is reliant on the exchange of cryptocurrencies with anonymous users on a public network (e.g. Bitcoin), a blockchain for business provides a licensed network, with known identities, without the need for cryptocurrencies.
👉 IBM Blockchain Platform has been used widely in industries such as food supply, media, advertising, and trade finance. 👇
🔥 Microsoft is one of the oldest BaaS service providers as it has been in the market since 2015 when it launched Azure Blockchain Service.
Microsoft aims through its BaaS service to enable users to build public, private, and consortium blockchain environments with industry-grade frameworks and bring their blockchain apps to market.
🎯Microsoft provides three products to customers: Azure Blockchain Service, Azure Blockchain Workbench, and Azure Blockchain Development Kit.
Azure is compatible with other Microsoft products such as Logic Apps and Flow, making it a great choice for organizations looking to harness blockchains such as General Electric and T-Mobile.
Microsoft Azure’s most prominent features are the support of several Blockchain frameworks, including Quorum, Corda, Hyperledger Fabric, and Ethereum. Plus, ease of deployment using Azure CLI, Azure Portal, or Visual Studio Code with the Azure Blockchain extension. Azure also supports full monitoring and logging.
🗨 The above helped Microsoft to forge important partnerships with prominent entities such as its partnerships with Ripple and BitPay. 👇
🔻 Alibaba is one of the leading blockchain solutions providers around the world. The well-known Chinese company introduced its BaaS service in 2018 through its cloud platform.
🗨 Alibaba has an active research team and has registered many patents on blockchain during the past period.
Utilizing Quorum, Hyperledger Fabric, and the Ant Blockchain, the platform integrates Alibaba Cloud’s Internet of Things (IoT) and anti-counterfeiting technologies to create blockchain solutions for product traceability.
Alibaba’s BaaS offering provides diverse solutions to meet user needs including encompasses enterprise-level BaaS services, an agile BaaS platform that supports private deployment, and specific blockchain solutions for container services. 👇
🚀 Software giant Oracle unveiled its BaaS service in 2017. The service, called “Oracle Blockchain Cloud Service”, aims to provide an enterprise-grade distributed ledger platform that can help businesses to “increase trust and provide agility in transactions across their business networks.”
Oracle enables its service users to provide permission blockchain networks for private or consortia models, enroll member organizations, and run smart contracts to update and query the ledger in addition to many other benefits.
🎯 Also, Oracle enables its service users to use its other solutions such as Oracle Supply Chain Management (SCM) Cloud, Oracle Enterprise Resource Planning (ERP) Cloud, and other Oracle cloud solutions. 👇
🔥 R3 launched its BaaS service called “Corda” to enable companies to transact directly and privately using smart contracts.
Corda is an open-source blockchain platform that works on minimizes blockchain nodes’ deployment time by a few minutes, allowing enterprises to host the Corda network in a few clicks.
👉 Interoperability, security, and privacy are the foundations of the finance-focused Corda.
Royal Dutch Airlines (KLM) recently hired Corda service to streamline financial processes and enhance settlements
Corda provides users with the following benefits: Easy cloud-based deployment and quick setup of nodes with Docker, a Built-in blockchain application firewall to provide additional security, as well as R3’s Interoperability feature that allows developers to work with more than one application at the same time.
🗨 It is worth noting that R3 has developed solutions for more than 300 clients in addition that it has partnerships with many prestigious institutions such as Barclays, Credit Suisse, Goldman Sachs, J.P. Morgan, and Royal Bank of Scotland, Bank of America and Wells Fargo, and more. 👇
🎯 SAP launched its BaaS service “Leonardo” in 2017. Through its service, SAP aims to help companies transition into the digital age through the use of distributed ledger technology.
Leonardo is a Hyperledger based service and resides in the SAP Cloud service, meaning it can be accessed from any device.
🔻 The platform provides plug-and-play blockchain solutions and allows for the easy setup and hosting of blockchain nodes.
SAP Leonardo functions as a blockchain cloud service, machine learning service, and supports the Internet of Things (IoT) in a single ecosystem.
👉 SAP Leonardo provides its users with several benefits such as cloud deployment, monitoring of blockchain data in real-time, and more. 👇
🚀 Well-known Chinese smartphone manufacturer Huawei launched its BaaS service in 2018. The service, called “BCS“, is based on Linux Foundation’s Hyperledger Fabric, a blockchain framework that allows components, such as consensus and membership services, to be plug-and-play.
With its BaaS service, Huawei aims to enable companies to develop smart contracts on top of a blockchain network for several use-case scenarios.
🔥 Huawei also works with enterprise customers to promote the deployment of blockchain solutions and applications and to build reliable, public infrastructure, and an ecosystem-based on blockchain and shared success.
🗨 According to Huawei, BCS enables enterprises to deploy blockchain technology within five minutes. It concentrates on nine application scenarios, including data assets, Internet of Things (IoT), operation, identity verification, data certification, data transactions, new energy, philanthropic donations, and inclusive finance.
Huawei has many and varied partnerships inside and outside the Chinese market, but the most prominent name remains the famous car manufacturer Honda. 👇
🔻Factom launched its BaaS service in 2017. The service, called “Factom Harmony“, aims to allow enterprises and software vendors to quickly add blockchain capabilities to any application or workflow using simple API calls.
Harmony also aims to enable users to create portable, archivable cryptographic proofs to use as trusted inputs for internal and external audits.
🚀 What sets Factom Harmony apart is that it reduces the time and resource requirements to perform audits and meet compliance objectives. ⤵
✍ Author: Husayn Hashim
👤Bio: Husayn Hashim works as an author and programmer. He has been writing about blockchain technology and cryptocurrencies for si years. He’s interested in programming, technology, finance, and business. He loves writing and loves to share his knowledge with others.
Founder´s Packs now available for the first AAA blockchain game BLANKOS BLOCK PARTY
Mythical Games, a next-generation game technology studio driving mass adoption of blockchain, today announced the upcoming private beta for Blankos Block Party, an open-world multiplayer game with a heavy focus on player-designed levels and collectible assets, will begin on Tuesday, Nov. 17, 2020, with open beta to follow later this year. Players eager to start their collection of the digital vinyl toys come to life can now purchase a Founder’s Pack, starting at $24.99 (USD), to receive exclusive and limited in-game content, as well as guaranteed priority access to the game’s private beta and Founder’s status in both Discord and in-game.
Blankos Block Party is an online game world that integrates blockchain to facilitate the economy and allow players to buy and sell their in-game items in exchange for real-world currencies, using Mythical’s proprietary technology to track and verify all purchases across any platform, creating a safe transaction for all involved. With this model, Mythical is eliminating the need for grey markets and allowing the community to dictate the value of what is bought and sold in secondary marketplaces.
Limited quantities of the Founder’s Packs are available now for purchase via fiat or supported cryptocurrencies in four different package options, which provide limited-edition Blankos and themed accessories designed by some of the world’s top vinyl toy artists, priority access to the private beta, 100% in-game currency match and other items only available while these packs last. Each Founder’s Pack will be numbered in order of purchase and recorded on blockchain to enhance collectibility and future resale value for players.
Ice Pack: RSVP to the ultimate block party with the Ice Pack, and receive the exclusive Lolli Blanko and three themed Lolli accessories, Founder Status and Lolli emoticon and 2,500 Blankos Bucks. ($24.99)
Tako Pack: Start your collection with the exclusive Tako Blanko designed by multimedia artist Junko Mizuno, two themed Tako accessories, as well as one unique Tako-themed Build Mode asset and one Build Mode item wrap, Founder Status with Lolli and Tako emoticons and 5,000 Blankos Bucks. ($49.99)
Bite Me Pack: Be the life of the party with the Bite Me Pack, which delivers the exclusive ‘Bite Me’ Billy Bones Blanko, six Bite Me-themed accessories, rare gold and black Build Mode materials, plus Bite Me brand Build Mode basic set, Build Mode items and the Bite Me rocket launcher, as well as Founder Status with Lolli, Tako and Bite Me emoticons and 10,000 Blankos Bucks. ($99.99)
Boss Pack: Become a VIP with the Boss Pack and show off your status with the exclusive Boss Dino Blanko designed by legendary toy artist James Groman, two Boss Dino-themed accessories, two Build Mode Materials, three Build Mode items and two themed weapons for Build Mode, not to mention Founder Status with Boss Dino, Bite Me, Tako and Lolli emoticons and 15,000 Blankos Bucks. ($149.99)
Founder’s Pack items will only be available for a limited time, or until the limited quantities sell out; Mythical will not reissue these special-edition Blankos or their accessories in the future. These exclusive Founder’s Pack items will be available for purchasers to unbox and play immediately in the private beta, and can also be sold to other players when the Blankos secondary market launches.
For additional details on Founder’s Packs and their contents and benefits, or to purchase one of the limited edition packs, please visit Blankos.com. Packs can be purchased with fiat currency, or supported crypto payment options via BitPay (Binance USD/BUSD, Bitcoin/BTC, Bitcoin Cash/BCH, XRP, ETH, Gemini US Dollar/GUSD, Circle USD/USDC and Paxos Standard USD/PAX). In addition to purchasing a Founder’s Pack to receive priority access to the private beta, players can reserve their free accounts now on the Blankos website to get on the waiting list for the chance to be included in the private beta without purchase (subject to capacity).
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