VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.471USD
STEEM
2.194STEEM
SBD
0.014SBD
Own SP
6.441SP
Detailed Balance
| STEEM | ||
| balance | 2.194STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 6.441SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 0.000SP | SP |
| Effective Power | 6.441SP | SP |
| Reward SP (pending) | 0.005SP | SP |
| SBD | ||
| sbd_balance | 0.000SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.014SBD | SBD |
{
"balance": "2.194 STEEM",
"savings_balance": "0.000 STEEM",
"reward_steem_balance": "0.000 STEEM",
"vesting_shares": "10487.768806 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "0.000000 VESTS",
"sbd_balance": "0.000 SBD",
"savings_sbd_balance": "0.000 SBD",
"reward_sbd_balance": "0.014 SBD",
"conversions": []
}Account Info
| name | theblockgrade |
| id | 1001406 |
| rank | 189,721 |
| reputation | 226722559 |
| created | 2018-05-18T05:58:00 |
| recovery_account | blocktrades |
| proxy | None |
| post_count | 6 |
| comment_count | 0 |
| lifetime_vote_count | 0 |
| witnesses_voted_for | 0 |
| last_post | 2018-05-20T10:00:30 |
| last_root_post | 2018-05-20T10:00:30 |
| last_vote_time | 1970-01-01T00:00:00 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 10,000 |
| delayed_votes | 0 |
| balance | 2.194 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 0.000 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 10487.768806 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 0.000000 VESTS |
| reward_vesting_balance | 10.169786 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 2018-05-21T06:35:36 |
| mined | No |
| sbd_seconds | 0 |
| sbd_last_interest_payment | 1970-01-01T00:00:00 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
"id": 1001406,
"name": "theblockgrade",
"owner": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM5okxQzixPb4BqWR1pakhqjNJnMeo2KhPNXJMTovaThSep82ZL8",
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]
]
},
"active": {
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"account_auths": [],
"key_auths": [
[
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1
]
]
},
"posting": {
"weight_threshold": 1,
"account_auths": [],
"key_auths": [
[
"STM4weDZ5kTmZ6D5rspBJBhsxtEZipFdgKdNUBT2gzxsLpQJAxyJA",
1
]
]
},
"memo_key": "STM8kAsD4fgwW4Abktpms2oqkQzTaz5RUgmXWHSFVVkGPs1vn4wFF",
"json_metadata": "{\"profile\":{}}",
"posting_json_metadata": "{\"profile\":{}}",
"proxy": "",
"last_owner_update": "1970-01-01T00:00:00",
"last_account_update": "2018-05-21T06:35:36",
"created": "2018-05-18T05:58:00",
"mined": false,
"recovery_account": "blocktrades",
"last_account_recovery": "1970-01-01T00:00:00",
"reset_account": "null",
"comment_count": 0,
"lifetime_vote_count": 0,
"post_count": 6,
"can_vote": true,
"voting_manabar": {
"current_mana": 10000,
"last_update_time": 1526623080
},
"downvote_manabar": {
"current_mana": 0,
"last_update_time": 1526623080
},
"voting_power": 10000,
"balance": "2.194 STEEM",
"savings_balance": "0.000 STEEM",
"sbd_balance": "0.000 SBD",
"sbd_seconds": "0",
"sbd_seconds_last_update": "1970-01-01T00:00:00",
"sbd_last_interest_payment": "1970-01-01T00:00:00",
"savings_sbd_balance": "0.000 SBD",
"savings_sbd_seconds": "0",
"savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
"savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
"savings_withdraw_requests": 0,
"reward_sbd_balance": "0.014 SBD",
"reward_steem_balance": "0.000 STEEM",
"reward_vesting_balance": "10.169786 VESTS",
"reward_vesting_steem": "0.005 STEEM",
"vesting_shares": "10487.768806 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "0.000000 VESTS",
"vesting_withdraw_rate": "0.000000 VESTS",
"next_vesting_withdrawal": "1969-12-31T23:59:59",
"withdrawn": 0,
"to_withdraw": 0,
"withdraw_routes": 0,
"curation_rewards": 0,
"posting_rewards": 10,
"proxied_vsf_votes": [
0,
0,
0,
0
],
"witnesses_voted_for": 0,
"last_post": "2018-05-20T10:00:30",
"last_root_post": "2018-05-20T10:00:30",
"last_vote_time": "1970-01-01T00:00:00",
"post_bandwidth": 0,
"pending_claimed_accounts": 0,
"vesting_balance": "0.000 STEEM",
"reputation": 226722559,
"transfer_history": [],
"market_history": [],
"post_history": [],
"vote_history": [],
"other_history": [],
"witness_votes": [],
"tags_usage": [],
"guest_bloggers": [],
"rank": 189721
}Withdraw Routes
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
2019/05/18 06:57:33
2019/05/18 06:57:33
| parent author | theblockgrade |
| parent permlink | unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever |
| author | steemitboard |
| permlink | steemitboard-notify-theblockgrade-20190518t065733000z |
| title | |
| body | Congratulations @theblockgrade! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@theblockgrade/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@theblockgrade) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=theblockgrade)_</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/japanese/@steemitboard/new-japanese-speaking-community-steem-meetup-badge"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRWbAjbeETEaqSPLcpwYX1JN5pZhdPffv4q6DaBs6xvZm/image.png"></a></td><td><a href="https://steemit.com/japanese/@steemitboard/new-japanese-speaking-community-steem-meetup-badge">New japanese speaking community Steem Meetup badge</a></td></tr></table> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes! |
| json metadata | {"image":["https://steemitboard.com/img/notify.png"]} |
| Transaction Info | Block #33008649/Trx 1ab0088c6500cedee1f6f6b598c9063ad2a5d663 |
View Raw JSON Data
{
"trx_id": "1ab0088c6500cedee1f6f6b598c9063ad2a5d663",
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"virtual_op": 0,
"timestamp": "2019-05-18T06:57:33",
"op": [
"comment",
{
"parent_author": "theblockgrade",
"parent_permlink": "unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever",
"author": "steemitboard",
"permlink": "steemitboard-notify-theblockgrade-20190518t065733000z",
"title": "",
"body": "Congratulations @theblockgrade! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@theblockgrade/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@theblockgrade) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=theblockgrade)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/japanese/@steemitboard/new-japanese-speaking-community-steem-meetup-badge\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRWbAjbeETEaqSPLcpwYX1JN5pZhdPffv4q6DaBs6xvZm/image.png\"></a></td><td><a href=\"https://steemit.com/japanese/@steemitboard/new-japanese-speaking-community-steem-meetup-badge\">New japanese speaking community Steem Meetup badge</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
"json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
}
]
}2018/11/16 06:08:51
2018/11/16 06:08:51
| parent author | theblockgrade |
| parent permlink | origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry |
| author | ramonawinzelberg |
| permlink | re-theblockgrade-origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry-20181116t060850318z |
| title | |
| body | OriginTrail is bringing blockchain to the $64 trillion supply chain industry and now OriginTrail has this Report for the Month of October! It includes a lot of events specially partnership. https://medium.com/origintrail/origintrail-monthly-report-10-october-2018-1e75548ba91d |
| json metadata | {"tags":["cryptocurrency"],"links":["https://medium.com/origintrail/origintrail-monthly-report-10-october-2018-1e75548ba91d"],"app":"steemit/0.1"} |
| Transaction Info | Block #27742462/Trx 1016826765cc4044179684d1d56ba60bbb841bb4 |
View Raw JSON Data
{
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"permlink": "re-theblockgrade-origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry-20181116t060850318z",
"title": "",
"body": "OriginTrail is bringing blockchain to the $64 trillion supply chain industry and now OriginTrail has this Report for the Month of October! It includes a lot of events specially partnership.\nhttps://medium.com/origintrail/origintrail-monthly-report-10-october-2018-1e75548ba91d",
"json_metadata": "{\"tags\":[\"cryptocurrency\"],\"links\":[\"https://medium.com/origintrail/origintrail-monthly-report-10-october-2018-1e75548ba91d\"],\"app\":\"steemit/0.1\"}"
}
]
}2018/11/16 06:07:51
2018/11/16 06:07:51
| voter | ramonawinzelberg |
| author | theblockgrade |
| permlink | origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry |
| weight | 10000 (100.00%) |
| Transaction Info | Block #27742442/Trx 8e68fe8d2925889522658f02d305ec149c935b8c |
View Raw JSON Data
{
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"weight": 10000
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}2018/06/18 16:36:42
2018/06/18 16:36:42
| voter | openpackaging |
| author | theblockgrade |
| permlink | origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry |
| weight | 10000 (100.00%) |
| Transaction Info | Block #23434676/Trx f971b64223da59f29ea11e3c38de9ec749d5102b |
View Raw JSON Data
{
"trx_id": "f971b64223da59f29ea11e3c38de9ec749d5102b",
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"op": [
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"weight": 10000
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]
}2018/05/26 12:52:45
2018/05/26 12:52:45
| voter | coin.info |
| author | theblockgrade |
| permlink | origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry |
| weight | 694 (6.94%) |
| Transaction Info | Block #22768536/Trx 4a4508e5842b69d1619487b5cfb5fd01461f73c3 |
View Raw JSON Data
{
"trx_id": "4a4508e5842b69d1619487b5cfb5fd01461f73c3",
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"op": [
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{
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"author": "theblockgrade",
"permlink": "origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry",
"weight": 694
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]
}2018/05/26 12:52:42
2018/05/26 12:52:42
| parent author | theblockgrade |
| parent permlink | origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry |
| author | coin.info |
| permlink | re-theblockgrade-origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry-20180526t125240451z |
| title | |
| body | **Coins mentioned in post:** Coin | | Price (USD) | 📉 24h | 📉 7d - | - | - | - | - **ETH** | Ethereum | 599.608$ | _-0.26%_ | _-14.46%_ **TRAC** | OriginTrail | 0.227$ | _1.43%_ | _-18.08%_ **VEN** | VeChain | 3.612$ | _-1.31%_ | _-17.32%_ **WTC** | Waltonchain | 10.958$ | _-0.89%_ | _-8.97%_ |
| json metadata | {"app":"coininfo/1.0.0","format":"markdown"} |
| Transaction Info | Block #22768535/Trx 607a3ad4805dadc7c140f5129194888c22151b6a |
View Raw JSON Data
{
"trx_id": "607a3ad4805dadc7c140f5129194888c22151b6a",
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"timestamp": "2018-05-26T12:52:42",
"op": [
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"permlink": "re-theblockgrade-origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry-20180526t125240451z",
"title": "",
"body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📉 24h | 📉 7d\n- | - | - | - | -\n**ETH** | Ethereum | 599.608$ | _-0.26%_ | _-14.46%_\n**TRAC** | OriginTrail | 0.227$ | _1.43%_ | _-18.08%_\n**VEN** | VeChain | 3.612$ | _-1.31%_ | _-17.32%_\n**WTC** | Waltonchain | 10.958$ | _-0.89%_ | _-8.97%_",
"json_metadata": "{\"app\":\"coininfo/1.0.0\",\"format\":\"markdown\"}"
}
]
}theblockgradereceived 0.014 SBD, 0.006 SP author reward for @theblockgrade / tomochain-is-a-brand-new-blockchain-with-killer-potential2018/05/25 07:50:33
theblockgradereceived 0.014 SBD, 0.006 SP author reward for @theblockgrade / tomochain-is-a-brand-new-blockchain-with-killer-potential
2018/05/25 07:50:33
| author | theblockgrade |
| permlink | tomochain-is-a-brand-new-blockchain-with-killer-potential |
| sbd payout | 0.014 SBD |
| steem payout | 0.000 STEEM |
| vesting payout | 10.169786 VESTS |
| Transaction Info | Block #22733699/Virtual Operation #9 |
View Raw JSON Data
{
"trx_id": "0000000000000000000000000000000000000000",
"block": 22733699,
"trx_in_block": 4294967295,
"op_in_trx": 0,
"virtual_op": 9,
"timestamp": "2018-05-25T07:50:33",
"op": [
"author_reward",
{
"author": "theblockgrade",
"permlink": "tomochain-is-a-brand-new-blockchain-with-killer-potential",
"sbd_payout": "0.014 SBD",
"steem_payout": "0.000 STEEM",
"vesting_payout": "10.169786 VESTS"
}
]
}2018/05/24 02:52:42
2018/05/24 02:52:42
| voter | coin.info |
| author | theblockgrade |
| permlink | unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever |
| weight | 694 (6.94%) |
| Transaction Info | Block #22699307/Trx 2966b59a9212713bd435d24014abdc5ec8ebfb50 |
View Raw JSON Data
{
"trx_id": "2966b59a9212713bd435d24014abdc5ec8ebfb50",
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"op": [
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"weight": 694
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}2018/05/24 02:52:39
2018/05/24 02:52:39
| parent author | theblockgrade |
| parent permlink | unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever |
| author | coin.info |
| permlink | re-theblockgrade-unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever-20180524t025238317z |
| title | |
| body | **Coins mentioned in post:** Coin | | Price (USD) | 📉 24h | 📈 7d - | - | - | - | - **ETH** | Ethereum | 593.907$ | _-6.91%_ | _-16.15%_ **UBT** | Unibright | 0.119$ | _-15.8%_ | _null%_ **VEN** | VeChain | 3.672$ | _-6.67%_ | _-20.38%_ **WTC** | Waltonchain | 10.573$ | _-3.96%_ | _-13.99%_ |
| json metadata | {"app":"coininfo/1.0.0","format":"markdown"} |
| Transaction Info | Block #22699306/Trx a5e8dfb68b93913849fad9bf8d4ab3b50344ff39 |
View Raw JSON Data
{
"trx_id": "a5e8dfb68b93913849fad9bf8d4ab3b50344ff39",
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"timestamp": "2018-05-24T02:52:39",
"op": [
"comment",
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"permlink": "re-theblockgrade-unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever-20180524t025238317z",
"title": "",
"body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📉 24h | 📈 7d\n- | - | - | - | -\n**ETH** | Ethereum | 593.907$ | _-6.91%_ | _-16.15%_\n**UBT** | Unibright | 0.119$ | _-15.8%_ | _null%_\n**VEN** | VeChain | 3.672$ | _-6.67%_ | _-20.38%_\n**WTC** | Waltonchain | 10.573$ | _-3.96%_ | _-13.99%_",
"json_metadata": "{\"app\":\"coininfo/1.0.0\",\"format\":\"markdown\"}"
}
]
}blocktradespowered up 2.155 STEEM to @theblockgrade2018/05/22 21:12:48
blocktradespowered up 2.155 STEEM to @theblockgrade
2018/05/22 21:12:48
| from | blocktrades |
| to | theblockgrade |
| amount | 2.155 STEEM |
| Transaction Info | Block #22663728/Trx fba2e267e3cabbab2d67f42b2f06c2b7ef4f31bf |
View Raw JSON Data
{
"trx_id": "fba2e267e3cabbab2d67f42b2f06c2b7ef4f31bf",
"block": 22663728,
"trx_in_block": 14,
"op_in_trx": 0,
"virtual_op": 0,
"timestamp": "2018-05-22T21:12:48",
"op": [
"transfer_to_vesting",
{
"from": "blocktrades",
"to": "theblockgrade",
"amount": "2.155 STEEM"
}
]
}theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever2018/05/22 21:06:06
theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever
2018/05/22 21:06:06
| parent author | |
| parent permlink | crypto |
| author | theblockgrade |
| permlink | unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever |
| title | . |
| body | . |
| json metadata | {"tags":["crypto"],"app":"steemit/0.1","format":"markdown"} |
| Transaction Info | Block #22663594/Trx 450c12734473b6ad0e52e795b91c13611a74bc53 |
View Raw JSON Data
{
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}ubgupvoted (1.00%) @theblockgrade / wanchain-the-future-of-finance2018/05/22 18:36:12
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2018/05/22 18:36:12
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}theblockgradepublished a new post: wanchain-the-future-of-finance2018/05/22 17:46:27
theblockgradepublished a new post: wanchain-the-future-of-finance
2018/05/22 17:46:27
| parent author | |
| parent permlink | cryptocurrency |
| author | theblockgrade |
| permlink | wanchain-the-future-of-finance |
| title | Wanchain?—?The Future of Finance? |
| body |  Wanchain is building a global financial platform that integrates the world’s digital assets into a single, distributed blockchain. # What we like about the project: - **Vision**?—?Wanchain has grandiose but achievable plans to reinvent the global financial system. - **Team**?—?An all-star team with blockchain, mathematics, financial, and cryptographic expertise and led by the co-founder of Factom. - **Roadmap**?—?Wanchain has a functional main net in addition to significant development plans for 2018. - **Technology**?—?Wanchain delivers a cutting-edge solution that builds on and enhances technology from Ethereum, Ripple, and Monero, among others. - **Partnerships**?—?Wanchain formed the Blockchain Interoperability Alliance (IOA) with ICON and Aion and has close ties with Factom. - **Public interest**?—?The ICO sold out in record time despite excluding China, South Korea, and the U.S from the sale. Demand for Wanchain has only increased as they have strategically delayed the release of Wancoin. # Why is this needed? Although technology has helped improve the standard of living around the world, it is estimated that 2.5 billion people are locked out of a multi-trillion dollar financial system that favors the wealthy (World Bank, 2014). Without access to basic financial services such as bank accounts, loans, and low-cost remittance services, the opportunity for many to benefit from global prosperity is lost.  The advent of blockchain technology offers hope of a more inclusive financial system. Citizens in countries such as Venezuela have benefited from cryptocurrencies as a shelter from currency devaluations. Rapid and low-cost cryptocurrency transfers have aided families that depend on remittances by enabling the purchase of medical supplies when local currency is rendered ineffective. For the first time in recent history, equal access to financial services appears within the reach of most everyone. ### *“New technologies hold promise for expanding financial inclusion.” (World Bank, 2014)* Yet despite all the promise, the nascent blockchain industry has yet to realize its potential. Blockchains are walled-off, isolated islands of information that cannot easily be shared. Assets are managed with multiple wallets and accessed through centralized exchanges that increase security risk and lead to a loss of asset control. In general, blockchains have been a maze of competing technologies and standards that have hampered wide-spread adoption and prevented the development of a comprehensive alternative to the existing financial system. # What’s the solution? Much as protocols like HTTP have enabled disparate technologies to come together to form the Internet, a protocol is needed to link blockchains into a single, global distributed ledger that unlocks value and helps fully realize the promise of blockchain technology. Borderless blockchains would allow for the free flow and exchange of digital assets in a decentralized market where any entity can offer or consume low-cost financial services with complete privacy and security. Wanchain wants to empower financial inclusion and reinvent the global financial system by connecting the world’s digital assets into a single, interconnected blockchain infrastructure. # How does Wanchain work? Wanchain is both a protocol and a blockchain. The Wanchain protocol defines the specifications for cross-chain transactions between Wanchain and public, private, and consortium chains. The Wanchain blockchain is built on the Ethereum codebase and enables smart contracts and DApps.  The Wanchain protocol consists of three components: (1) a registration model that registers the blockchain and its assets; (2) a data transmission model that manages transactions; and (3) a query module that monitors the status of transactions. At the center of Wanchain’s platform is its blockchain. It includes a multi-currency wallet for users to create transactions and WAN, their native coin. Wanchain uses a Proof of Stake consensus algorithm and is supported by nodes performing various activities such as receiving deposits (vouchers), validating transactions (validators) and storing parts of keys for escrow accounts (storemen). The jewel in Wanchain’s approach is their use of advanced privacy protecting cryptographic techniques including: - **One-time accounts**?—?Wanchain uses elliptic curve cryptography to generate a one-time address so that transactions can’t be traced back to the main address. - **Ring signatures**?—?Created by Ron Rivest, a famous cryptographer behind RSA, RC4, and MD5 algorithms, it allows a person to digitally sign on behalf of a group while remaining anonymous. Used in Wanchain to provide anonymity in a smart contract-based token transfers, it essentially turns any cryptocurrency into a Monero-like privacy token. - **Secure multi-party computing**?—?A method in cryptography which allows distrustful parties to perform a joint computation without revealing their inputs. Used in Wanchain to enable “locked” or escrow-like accounts. - **Threshold secret-sharing**?—?A scheme created by Adi Shamir, a famous Israeli cryptographer, that divides a key into multiple parts and shares it across multiple participants. Used to protect the keys that secure Wanchain locked accounts. # What services will be enabled? Wanchain envisions creating a “super financial market of digital assets” where various financial services can be offered in a distributed manner. By chaining together the world’s public and private blockchains, Wanchain becomes a global clearing house for digital assets; not only for the exchange of digital currencies, but to enable an almost limitless variety of financial services including: - Crowdfunding and ICOs - Multi-currency credit cards - P2P and micro-lending - Digital currency payment and settlement - Asset management - Asset-backed securities - Commercial financing # Who’s on the Wanchain team? ### Founder?—?Jack Lu Wanchain’s founder is Jack Lu, the co-founder of Factom, a blockchain company with a current market capitalization of over $230M. Lu also founded Wanglu Tech which has developed some of the technology for Wanchain. ### President?—?Dustin Byington President Dustin Byington is founder of Bitcoin College and co-founder of Tendermint and previously worked as an analyst for Goldman Sachs. ### Scientific Lead?—?Zane Liang Dr. Zane Liang has advanced degrees in applied mathematics from the U.S. and China and is an expert in cryptography and high performance computing. The team as a whole has significant blockchain, mathematics, engineering, and cryptography experience and includes several Ph.Ds. *The website lists 36 team members in addition to a number of open positions.* # Who are Wanchain advisors? Wanchain has 11 advisors, all of whom bring expertise from their respective fields, most notably: - **Feng Han**?—?Secretary-General of DACA - **David A. Johnston**?—?Chairman of the Board at Factom, Inc. - **Albert Ching**?—?Founder of i-Sprint - **Ramble Lan**?—?Chairman of North America Blockchain Association(NABA) - **Marvin Zhang**?—?Chairman of S-League (Supply Chain Blockchain League) - **Pitinan Kooarmornpatana**?—?DIGITALPASS Co., Ltd. Managing - **Rongge Li**?—?River Capital Partner - **Gang Wu**?—?Founder of Bixin - **Zhong Chen**?—?Director of Information Security Lab, Peking University - **Jian Jin**?—?Research Fellow, China Information and Communication Research Institute(CAICT) - **Binsheng Wang**?—?Professor of CASS,Advisor of the Blockchain Joint Development Organization # What partnerships and alliances do they have?  Wanchain has a number of relationships with blockchain companies including: - **Kyber Network**?—?Kyber Network is joining forces with Wanchain to build a decentralized cryptocurrency exchange called KWDEX. - **Quantstamp**?—?Quantstamp is expected to participate in the Blockchain Interoperability Alliance. - **ICON**?—?Founding member of the Blockchain Interoperability Alliance - **Aion**?—?Founding member of the Blockchain Interoperability Alliance - **Factom**?—?Co-founder Jack Lu will look to leverage Factom’s industry experience and deep network of partnerships. # How far along is Wanchains’s development?  Throughout its history, Wanchain has consistently delivered on an aggressive roadmap. In 2017 they completed designs for cross-chain transactions and the underlying cryptography for privacy protection and launched alphaand beta networks. More recently their mainnet was launched to include a wallet and their native coin, Wancoin. Other plans for 2018 include integration with both Ethereum and Bitcoin blockchains and multi-coin wallets. # What are the token metrics and utility? WAN tokens are used to pay for cross- and intra-chain transactions. Wancoin is also used in security deposits for the cross-chain verification nodes. - Circulating supply: 107 million - Total supply: 210 million - ICO price: $.34 USD - ICO hard cap: $36 million - Investor bonuses of 15% and 5% ### The tokens were distributed as follows: - 51%: investors - 20%: team members - 19%: fund - 10%: miners # How Wanchain plans to use the proceeds: - 60% research and development - 10% community development - 10% marketing - 10% infrastructure - 10% daily operations # Here’s what we like: - Unlike many blockchain companies that are based on a promising concept in a white paper, Wanchain has an experienced team, existing mainnet, and an aggressive roadmap for blockchain integration. - Wanchain envisions nothing less than becoming the financial center of the digital world. If Wanchain achieves even a small portion of their vision, they will have been tremendously successful. - The technology is based on mathematics and cryptography and their planned privacy protections are unmatched in the industry. - Wanchain launched with a $36 million hard cap and a multi-billion dollar vision. The potential investment multiplier with Wanchain is outstanding. # Our Wanchain rating: 9.2 / 10 Vision?—?10/10 Team?—?9/10 Advisors?—?8/10 Partnerships?—?8/10 Roadmap?—?10/10 Token utility?—?10/10  # Follow us at www.twitter.com/blockgrade *Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.* *World Bank. “Global Financial Development Report 2014 Financial Inclusion” 2014* |
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"body": "\n\nWanchain is building a global financial platform that integrates the world’s digital assets into a single, distributed blockchain.\n\n# What we like about the project:\n\n- **Vision**?—?Wanchain has grandiose but achievable plans to reinvent the global financial system.\n- **Team**?—?An all-star team with blockchain, mathematics, financial, and cryptographic expertise and led by the co-founder of Factom.\n- **Roadmap**?—?Wanchain has a functional main net in addition to significant development plans for 2018.\n- **Technology**?—?Wanchain delivers a cutting-edge solution that builds on and enhances technology from Ethereum, Ripple, and Monero, among others.\n- **Partnerships**?—?Wanchain formed the Blockchain Interoperability Alliance (IOA) with ICON and Aion and has close ties with Factom.\n- **Public interest**?—?The ICO sold out in record time despite excluding China, South Korea, and the U.S from the sale. Demand for Wanchain has only increased as they have strategically delayed the release of Wancoin.\n\n# Why is this needed?\n\nAlthough technology has helped improve the standard of living around the world, it is estimated that 2.5 billion people are locked out of a multi-trillion dollar financial system that favors the wealthy (World Bank, 2014). Without access to basic financial services such as bank accounts, loans, and low-cost remittance services, the opportunity for many to benefit from global prosperity is lost.\n\n\n\nThe advent of blockchain technology offers hope of a more inclusive financial system. Citizens in countries such as Venezuela have benefited from cryptocurrencies as a shelter from currency devaluations. Rapid and low-cost cryptocurrency transfers have aided families that depend on remittances by enabling the purchase of medical supplies when local currency is rendered ineffective.\n\nFor the first time in recent history, equal access to financial services appears within the reach of most everyone.\n\n### *“New technologies hold promise for expanding financial inclusion.” (World Bank, 2014)*\n\n\nYet despite all the promise, the nascent blockchain industry has yet to realize its potential. Blockchains are walled-off, isolated islands of information that cannot easily be shared. Assets are managed with multiple wallets and accessed through centralized exchanges that increase security risk and lead to a loss of asset control. In general, blockchains have been a maze of competing technologies and standards that have hampered wide-spread adoption and prevented the development of a comprehensive alternative to the existing financial system.\n\n# What’s the solution?\n\nMuch as protocols like HTTP have enabled disparate technologies to come together to form the Internet, a protocol is needed to link blockchains into a single, global distributed ledger that unlocks value and helps fully realize the promise of blockchain technology.\n\nBorderless blockchains would allow for the free flow and exchange of digital assets in a decentralized market where any entity can offer or consume low-cost financial services with complete privacy and security.\n\n\nWanchain wants to empower financial inclusion and reinvent the global financial system by connecting the world’s digital assets into a single, interconnected blockchain infrastructure.\n\n# How does Wanchain work?\n\nWanchain is both a protocol and a blockchain. The Wanchain protocol defines the specifications for cross-chain transactions between Wanchain and public, private, and consortium chains. The Wanchain blockchain is built on the Ethereum codebase and enables smart contracts and DApps.\n\n\n\nThe Wanchain protocol consists of three components: (1) a registration model that registers the blockchain and its assets; (2) a data transmission model that manages transactions; and (3) a query module that monitors the status of transactions.\n\nAt the center of Wanchain’s platform is its blockchain. It includes a multi-currency wallet for users to create transactions and WAN, their native coin. Wanchain uses a Proof of Stake consensus algorithm and is supported by nodes performing various activities such as receiving deposits (vouchers), validating transactions (validators) and storing parts of keys for escrow accounts (storemen).\n\nThe jewel in Wanchain’s approach is their use of advanced privacy protecting cryptographic techniques including:\n\n- **One-time accounts**?—?Wanchain uses elliptic curve cryptography to generate a one-time address so that transactions can’t be traced back to the main address.\n- **Ring signatures**?—?Created by Ron Rivest, a famous cryptographer behind RSA, RC4, and MD5 algorithms, it allows a person to digitally sign on behalf of a group while remaining anonymous. Used in Wanchain to provide anonymity in a smart contract-based token transfers, it essentially turns any cryptocurrency into a Monero-like privacy token.\n- **Secure multi-party computing**?—?A method in cryptography which allows distrustful parties to perform a joint computation without revealing their inputs. Used in Wanchain to enable “locked” or escrow-like accounts.\n- **Threshold secret-sharing**?—?A scheme created by Adi Shamir, a famous Israeli cryptographer, that divides a key into multiple parts and shares it across multiple participants. Used to protect the keys that secure Wanchain locked accounts.\n\n# What services will be enabled?\n\nWanchain envisions creating a “super financial market of digital assets” where various financial services can be offered in a distributed manner. By chaining together the world’s public and private blockchains, Wanchain becomes a global clearing house for digital assets; not only for the exchange of digital currencies, but to enable an almost limitless variety of financial services including:\n\n- Crowdfunding and ICOs\n- Multi-currency credit cards\n- P2P and micro-lending\n- Digital currency payment and settlement\n- Asset management\n- Asset-backed securities\n- Commercial financing\n\n# Who’s on the Wanchain team?\n\n### Founder?—?Jack Lu\n\nWanchain’s founder is Jack Lu, the co-founder of Factom, a blockchain company with a current market capitalization of over $230M. Lu also founded Wanglu Tech which has developed some of the technology for Wanchain.\n\n### President?—?Dustin Byington\n\nPresident Dustin Byington is founder of Bitcoin College and co-founder of Tendermint and previously worked as an analyst for Goldman Sachs.\n\n### Scientific Lead?—?Zane Liang\n\nDr. Zane Liang has advanced degrees in applied mathematics from the U.S. and China and is an expert in cryptography and high performance computing.\n\nThe team as a whole has significant blockchain, mathematics, engineering, and cryptography experience and includes several Ph.Ds.\n\n*The website lists 36 team members in addition to a number of open positions.*\n\n# Who are Wanchain advisors?\n\nWanchain has 11 advisors, all of whom bring expertise from their respective fields, most notably:\n\n- **Feng Han**?—?Secretary-General of DACA\n- **David A. Johnston**?—?Chairman of the Board at Factom, Inc.\n- **Albert Ching**?—?Founder of i-Sprint\n- **Ramble Lan**?—?Chairman of North America Blockchain Association(NABA)\n- **Marvin Zhang**?—?Chairman of S-League (Supply Chain Blockchain League)\n- **Pitinan Kooarmornpatana**?—?DIGITALPASS Co., Ltd. Managing\n- **Rongge Li**?—?River Capital Partner\n- **Gang Wu**?—?Founder of Bixin\n- **Zhong Chen**?—?Director of Information Security Lab, Peking University\n- **Jian Jin**?—?Research Fellow, China Information and Communication Research Institute(CAICT)\n- **Binsheng Wang**?—?Professor of CASS,Advisor of the Blockchain Joint Development Organization\n\n# What partnerships and alliances do they have?\n\n\n\nWanchain has a number of relationships with blockchain companies including:\n\n- **Kyber Network**?—?Kyber Network is joining forces with Wanchain to build a decentralized cryptocurrency exchange called KWDEX.\n- **Quantstamp**?—?Quantstamp is expected to participate in the Blockchain Interoperability Alliance.\n- **ICON**?—?Founding member of the Blockchain Interoperability Alliance\n- **Aion**?—?Founding member of the Blockchain Interoperability Alliance\n- **Factom**?—?Co-founder Jack Lu will look to leverage Factom’s industry experience and deep network of partnerships.\n\n# How far along is Wanchains’s development?\n\n\n\nThroughout its history, Wanchain has consistently delivered on an aggressive roadmap. In 2017 they completed designs for cross-chain transactions and the underlying cryptography for privacy protection and launched alphaand beta networks.\n\nMore recently their mainnet was launched to include a wallet and their native coin, Wancoin. Other plans for 2018 include integration with both Ethereum and Bitcoin blockchains and multi-coin wallets.\n\n# What are the token metrics and utility?\n\nWAN tokens are used to pay for cross- and intra-chain transactions. Wancoin is also used in security deposits for the cross-chain verification nodes.\n\n- Circulating supply: 107 million\n- Total supply: 210 million\n- ICO price: $.34 USD\n- ICO hard cap: $36 million\n- Investor bonuses of 15% and 5%\n\n### The tokens were distributed as follows:\n\n- 51%: investors\n- 20%: team members\n- 19%: fund\n- 10%: miners\n\n# How Wanchain plans to use the proceeds:\n\n- 60% research and development\n- 10% community development\n- 10% marketing\n- 10% infrastructure\n- 10% daily operations\n\n# Here’s what we like:\n\n- Unlike many blockchain companies that are based on a promising concept in a white paper, Wanchain has an experienced team, existing mainnet, and an aggressive roadmap for blockchain integration.\n- Wanchain envisions nothing less than becoming the financial center of the digital world. If Wanchain achieves even a small portion of their vision, they will have been tremendously successful.\n- The technology is based on mathematics and cryptography and their planned privacy protections are unmatched in the industry.\n- Wanchain launched with a $36 million hard cap and a multi-billion dollar vision. The potential investment multiplier with Wanchain is outstanding.\n\n# Our Wanchain rating: 9.2 / 10\nVision?—?10/10\nTeam?—?9/10\nAdvisors?—?8/10\nPartnerships?—?8/10\nRoadmap?—?10/10\nToken utility?—?10/10\n\n\n\n# Follow us at www.twitter.com/blockgrade\n*Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.*\n\n*World Bank. “Global Financial Development Report 2014 Financial Inclusion” 2014*",
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}2018/05/22 17:46:06
2018/05/22 17:46:06
| parent author | |
| parent permlink | cryptocurrency |
| author | theblockgrade |
| permlink | why-millennials-are-using-cryptocurrencies-like-auctus-instead-of-traditional-retirement-funds |
| title | Why Millennials Are Using Cryptocurrencies Like Auctus Instead of Traditional Retirement Funds |
| body |  Auctus is set to shake up the pension industry with a global retirement platform that integrates traditional and crypto investments on the blockchain. - Ticker: AUC - Circulating Supply: 16M - ICO price: 1ETH = 2000 AUC - ICO hard cap: $3M - Current marketcap: $6M - Exchanges: Idex, more to follow # What we like about the project: - **Fair ICO**?—?Auctus raised just 3 million dollars from investors. - **Well connected**?—?Auctus has just hit the market yet is already working with top tier blockchain projects such as Bluzelle, 0x, Request Network, Aragon, Ethfinex, Ripio Credit Network, and more. - **Market Cap vs Market Size**?—?Auctus is currently trading at just a $6 million cap and is targeting a $41 trillion worldwide market, much larger than markets targeted by the majority of ICOs today. - **First mover advantage**?—?Auctus is first- to-market for blockchain-based retirement planning. - **Opportunity**?—?Retirement investments is one of the few financial sectors that has yet to be disrupted with blockchain. - **Small hardcap**?—?The potential investment multiplier with Auctus is outstanding in light of their $6M hardcap. # Why is this needed? Retirement investment assets total a staggering $41 trillion globally with the US accounting for over 61% (Willis Towers Watson, 2018). Pension asset growth rates over the last year are in double digits for many countries and are expected to climb due to worldwide economic growth and increasing global prosperity.  However, despite a record number of assets in pension plans worldwide, there is a global funding gap that has many countries headed toward a financial crisis. It is estimated that the world’s six largest pension systems?—?the US, UK, Japan, Netherlands, Canada and Australia?—?will face a $224 trillion funding gap by 2050 (World Economic Forum, 2017). Low interest rates and an aging population are just two of the reasons that many countries will be challenged to honor basic retirement income commitments to their citizens. ### *“We are staring at a time bomb”?—?Amin Rajan, chief executive of Create Research (Financial Times, 2017)* <br> However, the growing funding gap only compounds existing problems with an industry that is plagued by corruption, mismanagement, outdated technology and a lack of transparency. Consumers often have very little insight into the actual costs of pension plans and hidden charges have been found to account for up to a third of a plan’s value in some cases. ### *“The shocking news is that we have uncovered more than 100 types of costs and charges being routinely applied to pensions and investments, many of which are being hidden from the consumer, which is just plain wrong. ”?—?Andy Agathangelou, founding chair of the Transparency Task Force* <br> One study indicated that fradulent activity was reported in every 1 of 5 pension plans (Financial Times, 2012). More recently it was found that U.S companies have settled cases for almost $400M on charges of excessive fees and poor investment management (Financial Times, 2017). The Willis Towers Watson report also indicates the retirement industy’s failure to refresh outdated technology and systems leading to a lack of innovation and a lack of access for less privileged individuals. # What’s the solution? Blockchain holds great promise for reforming outdated and failing retirement systems. Blockchain is already disrupting a number of financial industries and it is likely that retirement management planning won’t be left untouched. At its core, a pension plan is a contract describing a financial relationship between two parties. Blockchain smart contracts can automate this relationship in a manner that is more transparent and costs less. Recording the contract on a distributed ledger ensures greater accountability and openness, something that is likely to reduce corruption, eliminate hidden fees, and improve management.  Auctus wants to renew and revitalize the worldwide retirement investment industry with a global platform based on blockchain that encourages transparency, openess, accountability, and inclusiveness. # How does Auctus work? With plans to disrupt an industry not known for innovation, Auctus’ ideas for retirement planning are nothing short of revolutionary. In place of centrally-managed and often opaque pension plans, Auctus is introducing decentralized and community-managed retirement investing based on the blockchain. Users will create retirement portfolios based on traditional and crypto assets managed through smart contract automation that removes intermediaries and lowers costs. Stored on a distributed ledger, pension plans will be transparent, auditable, and immutable, meaning that a corporation or government agency won’t be able to raid the plan in the event of a funding shortfall.  Smart contracts are only the beginning for Auctus. In an industry that too often rewards fund managers based on portfolio size instead of performance, the AUC token will be used to incentivize successful investment advice. Users sign up for either robo or human advisory services and only pay for advice that leads to positive returns. This merit-based system should ensure that the best advisors rise to the top and are rewarded for their service to the community of investors. Auctus also envisions a marketplace built on the blockchain where users can choose from a global offering of products and services. Imagine an app store of dApps, financial services, and widgets paid for in AUC tokens all designed to improve the retirement investment experience and a user’s financial return. Unlike many blockchain companies based on a white paper idea, Auctus is bringing a variety of services to users within a short time frame by partnering with other blockchain companies. Users will be able to deposit fiat or cryptocurrencies, manage assets, trade cryptocurrencies, access liquidity, borrow and loan assets, and participate in community management through plug and play partnerships with Request Network, 0x, Bancor Network, Ripio Credit Network, and Aragon, just to name a few. # What are the benefits to the Auctus? Retirement investment plans managed through smart contracts on the blockchain offer numerous benefits including: - Balancing of traditional investments with cryptoassets - Cryptocurrency trading and lending - Transparency through publicly available smart contracts - Greater data security through decentralization - Lower costs through disintermediation - Enforceable and non-immutable terms through smart contracts - Performance-based advisory services # What services will be enabled? Auctus is building a full-service retirement platform offering the following: - A dashboard for managing investments including third party plans - Traditional and crypto asset investments and management - Portfolio analytics and optimization - Human and robo advisory services - Financial product and services marketplace - Cryptocurrency trading and lending # Who’s on the Auctus team?  ### CEO?—?Raphael Schmid Vantroost Vantroost studied economics at Yale and has a financial services background that includes positions with UBS Investment Bank and Deutsche Bank. He also founded Swissline Real Estate. ### CTO?—?Daniel Duarte Duarte has a software engineering background and led various blockchain initiatives at DTI Digital. ### Head of Strategy?—?Vinicius Melo Melo background includes retirement fund experience, having worked at one of Brazil’s main pension fund companies (FUNPRESP-JUD). **The website lists 12 team members several of which have engineering backgrounds.** # Who are Auctus advisors? The Auctus advisory team has significant finance, legal, and technology experience and includes: - **Martijn van Eck**?—?Head of Pension at Holland Fintech, co-founder of Symetrics, a European FinTech 50 actuarial and risk analytics company. - **Mitja Pirc**?—?Partner at Cofound.it, responsible for advising startups and giving insight in new business models, blockchain, data and analytics. - **Philippe Castonguay?**—?Former relationship manager for developers at 0x. Focused on cryptocurrency development and collaborations. - **Eric Paley**?—?Partner at Nixon Peabody and member of the Employee Benefits team. J.D. from Syracuse University College Law. - **Steven Clark**?—?Partner at Horizon Investments, Associate Professor of Finance at UNC Charlotte. Ph.D. in Mathematical Sciences and Economics. - **Adam Greetis**?—?Partner at Seyfarth Shaw, member of Employee Benefits and Executive Compensation Department. J.D. from Chicago-Kent College of Law. # What partnerships and alliances do they have? Auctus has an impressive collaboration effort focused on integrating decentralized components from other companies into their platform. This provides Auctus with an ecosystem of leading blockchain companies will vastly expedite their product release schedule.  - **Aragon**?—?Allows Auctus to create a transparent and decentralized governance organization - **0x**?—?the protocol for trading AUC into a portfolio of crypto assets - **Ethfinex**?—?DEX for token trading - **Amadeus**?—?liquidity for dApptoken trading - **Melonport?**—?crypto asset management - **Ripio**?—?lending of crypto portfolios - **Request Network**?—?monthly deposit payments - **Bluzelle**?—?decentralized data storage - **MakerDAO**?—?DAI token stability for retirement portfolios - **Bancor**?—?Liquidity for AUC token holders # How far along is Auctus development? Auctus is deep into development with an active Github repository and a recently released testnet version of their MVP. The MVP provides an early preview of human and robo advisory services and management of traditional and crypto portfolios. Their mainnet beta version with real AUC tokens is planned for release in Q3 2018.  # What are the token metrics and utility? AUC tokens are used to pay for access to the platform and other financial products and services. Financial advisors are rewarded with tokens for successful advice and developers earn tokens for apps sold in the marketplace.  ### Token Metrics: - Circulating Supply: 16M - Total supply: 67M - ICO price: 1ETH = 2000 AUC - ICO hard cap: $3M - Average bonus private+presale: 13.6% - Lock up?—?Core team has 2 years vesting, with a 6-month cliff. ### The tokens are distributed as follows: - 51% Public Contributors - 2% Bounties - 9% Partnerships and Advisory - 18% Future Stakeholders - 20% Core Team ### How Auctus plans to use the proceeds: - Product Development (42%) - Business Development (28%) - Communication and Marketing (18%) - Other Expenses (12%) # Here’s why we love this project: - Auctus has a grand vision for disrupting an industry ripe for innovation - If Auctus only captures a small percentage of this market, they will be incredibly successful. - Auctus has an aggressive partnership plan that has plugged them into a broad blockchain-based financial ecosystem that should help cement their leadership role. - The potential investment multiplier for a $3 million hardcap is outstanding. # Our Auctus rating: 9/ 10 Vision?—?10/10 Team?—?8/10 Advisors?—?8/10 Partnerships?—?10/10 Roadmap?—?9/10 Token utility?—?9/10  # Follow us at www.twitter.com/blockgrade *Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.* |
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| Transaction Info | Block #22659594/Trx 9070444d1c7497aa1fc06e4780d4144e18ede745 |
View Raw JSON Data
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"timestamp": "2018-05-22T17:46:06",
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"parent_author": "",
"parent_permlink": "cryptocurrency",
"author": "theblockgrade",
"permlink": "why-millennials-are-using-cryptocurrencies-like-auctus-instead-of-traditional-retirement-funds",
"title": "Why Millennials Are Using Cryptocurrencies Like Auctus Instead of Traditional Retirement Funds",
"body": "\n\nAuctus is set to shake up the pension industry with a global retirement platform that integrates traditional and crypto investments on the blockchain.\n\n- Ticker: AUC\n- Circulating Supply: 16M\n- ICO price: 1ETH = 2000 AUC\n- ICO hard cap: $3M\n- Current marketcap: $6M\n- Exchanges: Idex, more to follow\n\n# What we like about the project:\n\n- **Fair ICO**?—?Auctus raised just 3 million dollars from investors.\n- **Well connected**?—?Auctus has just hit the market yet is already working with top tier blockchain projects such as Bluzelle, 0x, Request Network, Aragon, Ethfinex, Ripio Credit Network, and more.\n- **Market Cap vs Market Size**?—?Auctus is currently trading at just a $6 million cap and is targeting a $41 trillion worldwide market, much larger than markets targeted by the majority of ICOs today.\n- **First mover advantage**?—?Auctus is first- to-market for blockchain-based retirement planning.\n- **Opportunity**?—?Retirement investments is one of the few financial sectors that has yet to be disrupted with blockchain.\n- **Small hardcap**?—?The potential investment multiplier with Auctus is outstanding in light of their $6M hardcap.\n\n# Why is this needed?\n\nRetirement investment assets total a staggering $41 trillion globally with the US accounting for over 61% (Willis Towers Watson, 2018). Pension asset growth rates over the last year are in double digits for many countries and are expected to climb due to worldwide economic growth and increasing global prosperity.\n\n\n\nHowever, despite a record number of assets in pension plans worldwide, there is a global funding gap that has many countries headed toward a financial crisis. It is estimated that the world’s six largest pension systems?—?the US, UK, Japan, Netherlands, Canada and Australia?—?will face a $224 trillion funding gap by 2050 (World Economic Forum, 2017). Low interest rates and an aging population are just two of the reasons that many countries will be challenged to honor basic retirement income commitments to their citizens.\n\n### *“We are staring at a time bomb”?—?Amin Rajan, chief executive of Create Research (Financial Times, 2017)*\n<br>\nHowever, the growing funding gap only compounds existing problems with an industry that is plagued by corruption, mismanagement, outdated technology and a lack of transparency. Consumers often have very little insight into the actual costs of pension plans and hidden charges have been found to account for up to a third of a plan’s value in some cases.\n\n### *“The shocking news is that we have uncovered more than 100 types of costs and charges being routinely applied to pensions and investments, many of which are being hidden from the consumer, which is just plain wrong. ”?—?Andy Agathangelou, founding chair of the Transparency Task Force*\n<br>\nOne study indicated that fradulent activity was reported in every 1 of 5 pension plans (Financial Times, 2012). More recently it was found that U.S companies have settled cases for almost $400M on charges of excessive fees and poor investment management (Financial Times, 2017).\n\nThe Willis Towers Watson report also indicates the retirement industy’s failure to refresh outdated technology and systems leading to a lack of innovation and a lack of access for less privileged individuals.\n\n# What’s the solution?\n\nBlockchain holds great promise for reforming outdated and failing retirement systems.\n\nBlockchain is already disrupting a number of financial industries and it is likely that retirement management planning won’t be left untouched.\n\nAt its core, a pension plan is a contract describing a financial relationship between two parties. Blockchain smart contracts can automate this relationship in a manner that is more transparent and costs less.\n\nRecording the contract on a distributed ledger ensures greater accountability and openness, something that is likely to reduce corruption, eliminate hidden fees, and improve management.\n\n\n\nAuctus wants to renew and revitalize the worldwide retirement investment industry with a global platform based on blockchain that encourages transparency, openess, accountability, and inclusiveness.\n\n# How does Auctus work?\n\nWith plans to disrupt an industry not known for innovation, Auctus’ ideas for retirement planning are nothing short of revolutionary. In place of centrally-managed and often opaque pension plans, Auctus is introducing decentralized and community-managed retirement investing based on the blockchain.\n\nUsers will create retirement portfolios based on traditional and crypto assets managed through smart contract automation that removes intermediaries and lowers costs. Stored on a distributed ledger, pension plans will be transparent, auditable, and immutable, meaning that a corporation or government agency won’t be able to raid the plan in the event of a funding shortfall.\n\n\n\nSmart contracts are only the beginning for Auctus. In an industry that too often rewards fund managers based on portfolio size instead of performance, the AUC token will be used to incentivize successful investment advice.\n\nUsers sign up for either robo or human advisory services and only pay for advice that leads to positive returns. This merit-based system should ensure that the best advisors rise to the top and are rewarded for their service to the community of investors.\n\nAuctus also envisions a marketplace built on the blockchain where users can choose from a global offering of products and services. Imagine an app store of dApps, financial services, and widgets paid for in AUC tokens all designed to improve the retirement investment experience and a user’s financial return.\n\nUnlike many blockchain companies based on a white paper idea, Auctus is bringing a variety of services to users within a short time frame by partnering with other blockchain companies.\n\nUsers will be able to deposit fiat or cryptocurrencies, manage assets, trade cryptocurrencies, access liquidity, borrow and loan assets, and participate in community management through plug and play partnerships with Request Network, 0x, Bancor Network, Ripio Credit Network, and Aragon, just to name a few.\n\n# What are the benefits to the Auctus?\n\nRetirement investment plans managed through smart contracts on the blockchain offer numerous benefits including:\n\n- Balancing of traditional investments with cryptoassets\n- Cryptocurrency trading and lending\n- Transparency through publicly available smart contracts\n- Greater data security through decentralization\n- Lower costs through disintermediation\n- Enforceable and non-immutable terms through smart contracts\n- Performance-based advisory services\n\n# What services will be enabled?\n\nAuctus is building a full-service retirement platform offering the following:\n\n- A dashboard for managing investments including third party plans\n- Traditional and crypto asset investments and management\n- Portfolio analytics and optimization\n- Human and robo advisory services\n- Financial product and services marketplace\n- Cryptocurrency trading and lending\n\n# Who’s on the Auctus team?\n\n\n\n### CEO?—?Raphael Schmid Vantroost\nVantroost studied economics at Yale and has a financial services background that includes positions with UBS Investment Bank and Deutsche Bank. He also founded Swissline Real Estate.\n\n### CTO?—?Daniel Duarte\nDuarte has a software engineering background and led various blockchain initiatives at DTI Digital.\n\n### Head of Strategy?—?Vinicius Melo\nMelo background includes retirement fund experience, having worked at one of Brazil’s main pension fund companies (FUNPRESP-JUD).\n\n**The website lists 12 team members several of which have engineering backgrounds.**\n\n# Who are Auctus advisors?\n\nThe Auctus advisory team has significant finance, legal, and technology experience and includes:\n\n- **Martijn van Eck**?—?Head of Pension at Holland Fintech, co-founder of Symetrics, a European FinTech 50 actuarial and risk analytics company.\n- **Mitja Pirc**?—?Partner at Cofound.it, responsible for advising startups and giving insight in new business models, blockchain, data and analytics.\n- **Philippe Castonguay?**—?Former relationship manager for developers at 0x. Focused on cryptocurrency development and collaborations.\n- **Eric Paley**?—?Partner at Nixon Peabody and member of the Employee Benefits team. J.D. from Syracuse University College Law.\n- **Steven Clark**?—?Partner at Horizon Investments, Associate Professor of Finance at UNC Charlotte. Ph.D. in Mathematical Sciences and Economics.\n- **Adam Greetis**?—?Partner at Seyfarth Shaw, member of Employee Benefits and Executive Compensation Department. J.D. from Chicago-Kent College of Law.\n\n# What partnerships and alliances do they have?\n\nAuctus has an impressive collaboration effort focused on integrating decentralized components from other companies into their platform.\n\nThis provides Auctus with an ecosystem of leading blockchain companies will vastly expedite their product release schedule.\n\n\n\n- **Aragon**?—?Allows Auctus to create a transparent and decentralized governance organization\n- **0x**?—?the protocol for trading AUC into a portfolio of crypto assets\n- **Ethfinex**?—?DEX for token trading\n- **Amadeus**?—?liquidity for dApptoken trading\n- **Melonport?**—?crypto asset management\n- **Ripio**?—?lending of crypto portfolios\n- **Request Network**?—?monthly deposit payments\n- **Bluzelle**?—?decentralized data storage\n- **MakerDAO**?—?DAI token stability for retirement portfolios\n- **Bancor**?—?Liquidity for AUC token holders\n\n# How far along is Auctus development?\n\nAuctus is deep into development with an active Github repository and a recently released testnet version of their MVP. The MVP provides an early preview of human and robo advisory services and management of traditional and crypto portfolios.\n\nTheir mainnet beta version with real AUC tokens is planned for release in Q3 2018.\n\n\n\n# What are the token metrics and utility?\n\nAUC tokens are used to pay for access to the platform and other financial products and services. Financial advisors are rewarded with tokens for successful advice and developers earn tokens for apps sold in the marketplace.\n\n\n\n### Token Metrics:\n\n- Circulating Supply: 16M\n- Total supply: 67M\n- ICO price: 1ETH = 2000 AUC\n- ICO hard cap: $3M\n- Average bonus private+presale: 13.6%\n- Lock up?—?Core team has 2 years vesting, with a 6-month cliff.\n\n### The tokens are distributed as follows:\n\n- 51% Public Contributors\n- 2% Bounties\n- 9% Partnerships and Advisory\n- 18% Future Stakeholders\n- 20% Core Team\n\n### How Auctus plans to use the proceeds:\n\n- Product Development (42%)\n- Business Development (28%)\n- Communication and Marketing (18%)\n- Other Expenses (12%)\n\n# Here’s why we love this project:\n\n- Auctus has a grand vision for disrupting an industry ripe for innovation\n- If Auctus only captures a small percentage of this market, they will be incredibly successful.\n- Auctus has an aggressive partnership plan that has plugged them into a broad blockchain-based financial ecosystem that should help cement their leadership role.\n- The potential investment multiplier for a $3 million hardcap is outstanding.\n\n# Our Auctus rating: 9/ 10\nVision?—?10/10\nTeam?—?8/10\nAdvisors?—?8/10\nPartnerships?—?10/10\nRoadmap?—?9/10\nToken utility?—?9/10\n\n\n\n# Follow us at www.twitter.com/blockgrade\n*Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.*",
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}2018/05/22 17:45:30
2018/05/22 17:45:30
| parent author | |
| parent permlink | cryptocurrency |
| author | theblockgrade |
| permlink | origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry |
| title | OriginTrail is bringing blockchain to the $64 trillion supply chain industry |
| body |  OriginTrail is the first and only blockchain-agnostic data-sharing protocol built for supply chains, providing much needed transparency and data integrity for this $64 trillion dollar industry. Able to connect directly with legacy systems already in place, as well as the multitude of blockchain platforms and dApps on the market, the potential scope of this project is tremendous. https://vimeo.com/233912879 # What we like about the project: - Interoperable?—?works with legacy systems and other blockchains - Experienced and dedicated team?—?working on the project since 2013 - Clear use case and existing commercial clients - Well connected?—?Enterprise Ethereum Alliance, Consensys, and more - Presence in Europe, America, and China - Under-the-radar, small cap compared to competitors # Why is this needed? The global supply chain market is immense. Tens of trillions of dollars of goods are moved each year, with each product passing through dozens of manufacturers and distributors before reaching the end consumer. Our world has never been more connected, yet our logistics systems are still isolated, compartmentalized and outdated, with many still managing shipments with pen and paper, excel, and email. ### *“A single shipping transaction may involve 28 different entities including customs, terminals, forwarders and carriers.” (Porter, 2017)* <br> These inefficiencies have dire consequences to businesses. A staggering half a trillion dollars of global imports are counterfeit, and cargo loss from theft or negligence costs companies $50 billion, annually. (Hayes, 2004)* For consumers, the risks are more than financial, as exemplified by the tainted milk scandal in China which resulted in 54,000 babies hospitalised and dozens of deaths. (Kraemer et al., 2016) Is it any wonder that regulatory agencies and consumers alike are pressuring companies to take control of their supply chains to guarantee the origin and quality of their food products? # What’s the solution? Blockchain is the ideal platform on which to anchor supply chains. As a decentralized, distributed, and trusted ledger, every transaction can be recorded with complete transparency and with full data integrity. Data that was once locked into corporate silos, can be made available to all, to support faster product recalls, enable analytics, optimize costs, improve safety, and provide greater confidence in the origin of products. # How does OriginTrail work? OriginTrail is a building a interoperable protocol designed to unlock supply chain data and store it on an immutable, decentralized platform. The protocol acts as a kind of middleware between a company’s IT systems and various blockchains, designed to easily plug into corporate systems such as SAP in order to extract data to the OriginTrail Data Network (ODN). ODN is a P2P distributed network powered by nodes incentivized with a token economy. ODN acts as a data layer and is engineered to store data in a graph database, allowing the protocol to take full advantage of the relational nature of supply chain data.  OriginTrail ensures data interoperability by applying GS1 global standards so that objects such as products and attributes are described using the same language. Each time data is written to ODN, the network stores a hash on the customer’s blockchain of choice to guarantee integrity. The use of zero knowledge proofs are added to protect the privacy of data and encourage participants to share data with greater confidence. Customer apps powered by an API is where supply chain participants such as producers, consumers, and regulators extract value from data. They can query data for such things as product origin, certifications (e.g., organic, Halal, etc), and compliance checks (e.g., inspections, control measures, etc.). Data represented as graphs allow for fast queries of large data sets and offers clients more flexible data analytics and modeling. In addition, data stored off-chain ensures that the solution is scalable as needed. # Who’s on the OriginTrail team?  OriginTrail team is founded and led by Tomaž Levak, Žiga Drev, and Branimir Rakic. The three have diverse educational backgrounds and draw on various fields including social science, economics, and engineering. They have been deeply involved in the supply chain industry since 2013. There are currently 12 core team members and the team is currently expanding, with several positions available. # Who are OriginTrail advisors? OriginTrail has 8 advisors, all of whom bring expertise from their respective fields, most notably: - **Dr. Srdjan Krco** is the CEO of DunavNET and board member of the International IoT Forum. He has published over 15 patents and more than 70 papers at international conferences and journals. - **John Keogh**, president and Managing Partner, Shantalla, a major company that provides advisory services and research primarily focused on four key area: Strategy and Policy, Supply Chain, Product and Consumer Safety, and Compliance and Governance. - **Tomaž Štolfa**, entrepreneur-in-Residence at Matrix Partners, and Co-Founder at Layer (TechCrunch BattleField winner); and (formerly) Founder & CEO at Vox.io. - **Anthony Lai** , senior director of UOB (commercial bank), Partner at Fintech Connector, and Co-Founder of Inspiar group/ Petra. - **Srdjan Krco**, CEO, DunavNET; Past: Senior Research & Innovation Consultant, Ericsson. Founding member of IoT Forum, Member of Alliance for IoT Innovation # What partnerships and alliances do they have? OriginTrail has a number of ongoing industry relationships including: - **Enterprise Ethereum Alliance (EEA)**?—?First agnostic purpose-built protocol for supply chains to become a full member - **Walmart Food Safety Collaboration Center’s Innovation Pipeline**?—?Walmart’s accelerator for innovative startups. - **Blockchain for Social Impact Coalitions by ConsenSys** - **Trace Alliance**?—?An OriginTrail-created association of companies, technology vendors, and supply chain experts who will lead the adoption of the OriginTrail protocol when it first goes live in September, 2018. - **TagItSmart**?—?European pilot program to use TagItSmart sensors and OriginTrail’s protocol to track premium wine bottles to their destination in China. - **Yimishiji**?—?Pilot program to track food origins with China’s first online farmers market. - **Bits x Bites**?—?OriginTrail was accepted into this food tech accelerator in China. - **Blockchain in Transport Alliance (BiTA) industry** - **GS1 Global Standards** - **Existing European customers**?—?Natureta, Zelene Doline, Planika, and Perutnina Ptuj # How far along is OriginTrail’s development? OriginTrail first came to life in 2013 when the founders conducted initial hands-on research into milk, poultry, and meat supply chains. In 2014 they used this knowledge to launch a smartphone app in 2014, with integration with Microsoft Navision, SAP, and other 3rd party ERP providers. By 2016, over 20,000 unique shoppers were using the system, with over 1200 raw material providers tracked in the system. In 2017 they began implementation of OriginTrail with Ethereum, linking their existing users to the platform. They have an aggressive roadmap that includes a testnet in June, 2018 and the launch of their mainnet in September. The team has a detailed development release plan and they have consistently met their roadmap targets. # Who are OriginTrail competitors? A number of competitors offer blockchain-based supply chain solutions, though none are blockchain agnostic, being tied to their respective platforms. As OriginTrail has been designed to bridge the gap between legacy systems and between blockchains, their ‘competitors’ could actually benefit from integrating with OriginTrail.  # What is OriginTrail’s competitive advantage? - OriginTrail is the only blockchain agnostic supply chain protocol, and has been specifically designed for rapid onboarding of companies. They have engineered an approach that works with a company’s existing enterprise technology such as SAP, and which uses familiar integrations such as web services, APIs, and XML. - Designed as a data layer protocol, OriginTrail is blockchain agnostic. Companies using widely different blockchains are all potential customers for OriginTrail. - There is no expensive hardware or software to buy and in-house blockchain experience is not required meaning that companies can connect to OriginTrail much quicker and for less cost than the competition. - OriginTrail is supply-chain agnostic. Although the company has deep knowledge of the food industry, their protocol is generic and can be applied to other supply chain verticals, something the company has stated as a goal. - OriginTrail’s approach is intensely focused on data sharing and analysis. The protocol’s application of GS1 standards ensures data interoperability among supply chain members. The use of graph databases enables fast query speeds, data modeling, and ability to show relationships between data points. Employment of ZK-Snarks to protect sensitive data encourages greater sharing among participants. # What awards or recognition has OriginTrail earned?  - **Food + City Challenge Prize** (Austin, Texas) People’s Choice Award Winner (2017) - **#Smartvillages** Initiative panelist (2017) - **Open Data Incubator for Europe** Winner (2016) - **Belgrade Venture Forum Winner** (2014) # Walmart’s Food Safety Innovation Spark Award  After a successful pilot program with Yimishiji, a popular online food company in China, OriginTrail were also chosen as one of 12 companies to join the first generation of the Walmart’s Food Innovation Program. # What are the token metrics and utility? TRAC tokens will be used as a form of payment between supply chain data producers and data consumers on one side, and the OriginTrail masternode holders on the other. This in turn incentivizes the use and ownership of nodes (simply a network of machines that are all running OriginTrail software clients) in the peer to peer (P2P) network to perform network and system functionalities. -Circulating supply: 290 million -ICO price: $.10 USD -ICO hard cap: $22.5 million ### The tokens were distributed as follows: - Presale and crowdsale?—?50% - Future development?—?20% - Liquidity pool?—?5% - Founders and pre-ICO contributors?—?18% - Team and advisors?—?5% - Bounties?—?2% # Here’s what Blockgrade likes: - Unlike many blockchain companies that are launched with a just white paper, OriginTrail has an experienced team, existing product, and an aggressive roadmap for blockchain integration that culminates with a mainnet in September, 2018. - The fact that OriginTrail has been mostly off-the-radar is reflected in a small market cap of $50M when compared to larger competitors such as VeChain (36x larger) and Waltonchain (8x larger). - The hands-on founding team has been actively building global relationships and has established a presence in Europe, America, and China. We expect this to continue as the business grows. - OriginTrail’s innovative and unique blockchain-agnostic architecture is highly scalable, easy to implement, and data focused. # Our OriginTrail rating: 8.8 / 10 Vision?—?10/10 Team?—?8/10 Advisors?—?8/10 Partnerships?—?8/10 Roadmap?—?10/10 Token utility?—?9/10  # Follow us at www.twitter.com/blockgrade Note: Blockgrade Capital and its affiliates do not provide investment, legal or accounting advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or accounting advice. |
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"author": "theblockgrade",
"permlink": "origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry",
"title": "OriginTrail is bringing blockchain to the $64 trillion supply chain industry",
"body": "\n\nOriginTrail is the first and only blockchain-agnostic data-sharing protocol built for supply chains, providing much needed transparency and data integrity for this $64 trillion dollar industry.\n\nAble to connect directly with legacy systems already in place, as well as the multitude of blockchain platforms and dApps on the market, the potential scope of this project is tremendous.\n\nhttps://vimeo.com/233912879\n\n# What we like about the project:\n\n- Interoperable?—?works with legacy systems and other blockchains\n- Experienced and dedicated team?—?working on the project since 2013\n- Clear use case and existing commercial clients\n- Well connected?—?Enterprise Ethereum Alliance, Consensys, and more\n- Presence in Europe, America, and China\n- Under-the-radar, small cap compared to competitors\n\n# Why is this needed?\n\nThe global supply chain market is immense. Tens of trillions of dollars of goods are moved each year, with each product passing through dozens of manufacturers and distributors before reaching the end consumer.\n\nOur world has never been more connected, yet our logistics systems are still isolated, compartmentalized and outdated, with many still managing shipments with pen and paper, excel, and email.\n\n### *“A single shipping transaction may involve 28 different entities including customs, terminals, forwarders and carriers.” (Porter, 2017)*\n<br>\nThese inefficiencies have dire consequences to businesses. A staggering half a trillion dollars of global imports are counterfeit, and cargo loss from theft or negligence costs companies $50 billion, annually. (Hayes, 2004)*\n\nFor consumers, the risks are more than financial, as exemplified by the tainted milk scandal in China which resulted in 54,000 babies hospitalised and dozens of deaths. (Kraemer et al., 2016)\n\nIs it any wonder that regulatory agencies and consumers alike are pressuring companies to take control of their supply chains to guarantee the origin and quality of their food products?\n\n# What’s the solution?\n\nBlockchain is the ideal platform on which to anchor supply chains. As a decentralized, distributed, and trusted ledger, every transaction can be recorded with complete transparency and with full data integrity.\n\nData that was once locked into corporate silos, can be made available to all, to support faster product recalls, enable analytics, optimize costs, improve safety, and provide greater confidence in the origin of products.\n\n# How does OriginTrail work?\n\nOriginTrail is a building a interoperable protocol designed to unlock supply chain data and store it on an immutable, decentralized platform.\n\nThe protocol acts as a kind of middleware between a company’s IT systems and various blockchains, designed to easily plug into corporate systems such as SAP in order to extract data to the OriginTrail Data Network (ODN).\n\nODN is a P2P distributed network powered by nodes incentivized with a token economy. ODN acts as a data layer and is engineered to store data in a graph database, allowing the protocol to take full advantage of the relational nature of supply chain data.\n\n\n\nOriginTrail ensures data interoperability by applying GS1 global standards so that objects such as products and attributes are described using the same language. Each time data is written to ODN, the network stores a hash on the customer’s blockchain of choice to guarantee integrity. The use of zero knowledge proofs are added to protect the privacy of data and encourage participants to share data with greater confidence.\n\nCustomer apps powered by an API is where supply chain participants such as producers, consumers, and regulators extract value from data. They can query data for such things as product origin, certifications (e.g., organic, Halal, etc), and compliance checks (e.g., inspections, control measures, etc.). Data represented as graphs allow for fast queries of large data sets and offers clients more flexible data analytics and modeling. In addition, data stored off-chain ensures that the solution is scalable as needed.\n\n# Who’s on the OriginTrail team?\n\n\n\nOriginTrail team is founded and led by Tomaž Levak, Žiga Drev, and Branimir Rakic. The three have diverse educational backgrounds and draw on various fields including social science, economics, and engineering. They have been deeply involved in the supply chain industry since 2013.\n\nThere are currently 12 core team members and the team is currently expanding, with several positions available.\n\n# Who are OriginTrail advisors?\n\nOriginTrail has 8 advisors, all of whom bring expertise from their respective fields, most notably:\n\n- **Dr. Srdjan Krco** is the CEO of DunavNET and board member of the International IoT Forum. He has published over 15 patents and more than 70 papers at international conferences and journals.\n- **John Keogh**, president and Managing Partner, Shantalla, a major company that provides advisory services and research primarily focused on four key area: Strategy and Policy, Supply Chain, Product and Consumer Safety, and Compliance and Governance.\n- **Tomaž Štolfa**, entrepreneur-in-Residence at Matrix Partners, and Co-Founder at Layer (TechCrunch BattleField winner); and (formerly) Founder & CEO at Vox.io.\n- **Anthony Lai** , senior director of UOB (commercial bank), Partner at Fintech Connector, and Co-Founder of Inspiar group/ Petra.\n- **Srdjan Krco**, CEO, DunavNET; Past: Senior Research & Innovation Consultant, Ericsson. Founding member of IoT Forum, Member of Alliance for IoT Innovation\n\n# What partnerships and alliances do they have?\n\nOriginTrail has a number of ongoing industry relationships including:\n\n- **Enterprise Ethereum Alliance (EEA)**?—?First agnostic purpose-built protocol for supply chains to become a full member\n- **Walmart Food Safety Collaboration Center’s Innovation Pipeline**?—?Walmart’s accelerator for innovative startups.\n- **Blockchain for Social Impact Coalitions by ConsenSys**\n- **Trace Alliance**?—?An OriginTrail-created association of companies, technology vendors, and supply chain experts who will lead the adoption of the OriginTrail protocol when it first goes live in September, 2018.\n- **TagItSmart**?—?European pilot program to use TagItSmart sensors and OriginTrail’s protocol to track premium wine bottles to their destination in China.\n- **Yimishiji**?—?Pilot program to track food origins with China’s first online farmers market.\n- **Bits x Bites**?—?OriginTrail was accepted into this food tech accelerator in China.\n- **Blockchain in Transport Alliance (BiTA) industry**\n- **GS1 Global Standards**\n- **Existing European customers**?—?Natureta, Zelene Doline, Planika, and Perutnina Ptuj\n\n# How far along is OriginTrail’s development?\n\nOriginTrail first came to life in 2013 when the founders conducted initial hands-on research into milk, poultry, and meat supply chains.\n\nIn 2014 they used this knowledge to launch a smartphone app in 2014, with integration with Microsoft Navision, SAP, and other 3rd party ERP providers.\n\nBy 2016, over 20,000 unique shoppers were using the system, with over 1200 raw material providers tracked in the system. In 2017 they began implementation of OriginTrail with Ethereum, linking their existing users to the platform.\n\nThey have an aggressive roadmap that includes a testnet in June, 2018 and the launch of their mainnet in September. The team has a detailed development release plan and they have consistently met their roadmap targets.\n\n# Who are OriginTrail competitors?\n\nA number of competitors offer blockchain-based supply chain solutions, though none are blockchain agnostic, being tied to their respective platforms.\n\nAs OriginTrail has been designed to bridge the gap between legacy systems and between blockchains, their ‘competitors’ could actually benefit from integrating with OriginTrail.\n\n\n\n# What is OriginTrail’s competitive advantage?\n\n- OriginTrail is the only blockchain agnostic supply chain protocol, and has been specifically designed for rapid onboarding of companies. They have engineered an approach that works with a company’s existing enterprise technology such as SAP, and which uses familiar integrations such as web services, APIs, and XML.\n- Designed as a data layer protocol, OriginTrail is blockchain agnostic. Companies using widely different blockchains are all potential customers for OriginTrail.\n- There is no expensive hardware or software to buy and in-house blockchain experience is not required meaning that companies can connect to OriginTrail much quicker and for less cost than the competition.\n- OriginTrail is supply-chain agnostic. Although the company has deep knowledge of the food industry, their protocol is generic and can be applied to other supply chain verticals, something the company has stated as a goal.\n- OriginTrail’s approach is intensely focused on data sharing and analysis. The protocol’s application of GS1 standards ensures data interoperability among supply chain members. The use of graph databases enables fast query speeds, data modeling, and ability to show relationships between data points. Employment of ZK-Snarks to protect sensitive data encourages greater sharing among participants.\n\n# What awards or recognition has OriginTrail earned?\n\n\n\n- **Food + City Challenge Prize** (Austin, Texas) People’s Choice Award Winner (2017)\n- **#Smartvillages** Initiative panelist (2017)\n- **Open Data Incubator for Europe** Winner (2016)\n- **Belgrade Venture Forum Winner** (2014)\n\n# Walmart’s Food Safety Innovation Spark Award\n\n\n\nAfter a successful pilot program with Yimishiji, a popular online food company in China, OriginTrail were also chosen as one of 12 companies to join the first generation of the Walmart’s Food Innovation Program.\n\n# What are the token metrics and utility?\nTRAC tokens will be used as a form of payment between supply chain data producers and data consumers on one side, and the OriginTrail masternode holders on the other.\n\nThis in turn incentivizes the use and ownership of nodes (simply a network of machines that are all running OriginTrail software clients) in the peer to peer (P2P) network to perform network and system functionalities.\n\n-Circulating supply: 290 million\n-ICO price: $.10 USD\n-ICO hard cap: $22.5 million\n\n### The tokens were distributed as follows:\n\n- Presale and crowdsale?—?50%\n- Future development?—?20%\n- Liquidity pool?—?5%\n- Founders and pre-ICO contributors?—?18%\n- Team and advisors?—?5%\n- Bounties?—?2%\n\n# Here’s what Blockgrade likes:\n- Unlike many blockchain companies that are launched with a just white paper, OriginTrail has an experienced team, existing product, and an aggressive roadmap for blockchain integration that culminates with a mainnet in September, 2018.\n- The fact that OriginTrail has been mostly off-the-radar is reflected in a small market cap of $50M when compared to larger competitors such as VeChain (36x larger) and Waltonchain (8x larger).\n- The hands-on founding team has been actively building global relationships and has established a presence in Europe, America, and China. We expect this to continue as the business grows.\n- OriginTrail’s innovative and unique blockchain-agnostic architecture is highly scalable, easy to implement, and data focused.\n\n# Our OriginTrail rating: 8.8 / 10\nVision?—?10/10\nTeam?—?8/10\nAdvisors?—?8/10\nPartnerships?—?8/10\nRoadmap?—?10/10\nToken utility?—?9/10\n\n\n\n# Follow us at www.twitter.com/blockgrade\nNote: Blockgrade Capital and its affiliates do not provide investment, legal or accounting advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or accounting advice.",
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}2018/05/22 17:44:45
2018/05/22 17:44:45
| parent author | |
| parent permlink | cryptocurrency |
| author | theblockgrade |
| permlink | why-millennials-are-using-cryptocurrencies-like-auctus-instead-of-traditional-retirement-funds |
| title | Why Millennials Are Using Cryptocurrencies Like Auctus Instead of Traditional Retirement Funds |
| body |  Auctus is set to shake up the pension industry with a global retirement platform that integrates traditional and crypto investments on the blockchain. - Ticker: AUC - Circulating Supply: 16M - ICO price: 1ETH = 2000 AUC - ICO hard cap: $3M - Current marketcap: $6M - Exchanges: Idex, more to follow # What we like about the project: - **Fair ICO**?—?Auctus raised just 3 million dollars from investors. - **Well connected**?—?Auctus has just hit the market yet is already working with top tier blockchain projects such as Bluzelle, 0x, Request Network, Aragon, Ethfinex, Ripio Credit Network, and more. - **Market Cap vs Market Size**?—?Auctus is currently trading at just a $6 million cap and is targeting a $41 trillion worldwide market, much larger than markets targeted by the majority of ICOs today. - **First mover advantage**?—?Auctus is first- to-market for blockchain-based retirement planning. - **Opportunity**?—?Retirement investments is one of the few financial sectors that has yet to be disrupted with blockchain. - **Small hardcap**?—?The potential investment multiplier with Auctus is outstanding in light of their $6M hardcap. # Why is this needed? Retirement investment assets total a staggering $41 trillion globally with the US accounting for over 61% (Willis Towers Watson, 2018). Pension asset growth rates over the last year are in double digits for many countries and are expected to climb due to worldwide economic growth and increasing global prosperity.  However, despite a record number of assets in pension plans worldwide, there is a global funding gap that has many countries headed toward a financial crisis. It is estimated that the world’s six largest pension systems?—?the US, UK, Japan, Netherlands, Canada and Australia?—?will face a $224 trillion funding gap by 2050 (World Economic Forum, 2017). Low interest rates and an aging population are just two of the reasons that many countries will be challenged to honor basic retirement income commitments to their citizens. ### *“We are staring at a time bomb”?—?Amin Rajan, chief executive of Create Research (Financial Times, 2017)* <br> However, the growing funding gap only compounds existing problems with an industry that is plagued by corruption, mismanagement, outdated technology and a lack of transparency. Consumers often have very little insight into the actual costs of pension plans and hidden charges have been found to account for up to a third of a plan’s value in some cases. ### *“The shocking news is that we have uncovered more than 100 types of costs and charges being routinely applied to pensions and investments, many of which are being hidden from the consumer, which is just plain wrong. ”?—?Andy Agathangelou, founding chair of the Transparency Task Force* <br> One study indicated that fradulent activity was reported in every 1 of 5 pension plans (Financial Times, 2012). More recently it was found that U.S companies have settled cases for almost $400M on charges of excessive fees and poor investment management (Financial Times, 2017). The Willis Towers Watson report also indicates the retirement industy’s failure to refresh outdated technology and systems leading to a lack of innovation and a lack of access for less privileged individuals. # What’s the solution? Blockchain holds great promise for reforming outdated and failing retirement systems. Blockchain is already disrupting a number of financial industries and it is likely that retirement management planning won’t be left untouched. At its core, a pension plan is a contract describing a financial relationship between two parties. Blockchain smart contracts can automate this relationship in a manner that is more transparent and costs less. Recording the contract on a distributed ledger ensures greater accountability and openness, something that is likely to reduce corruption, eliminate hidden fees, and improve management.  Auctus wants to renew and revitalize the worldwide retirement investment industry with a global platform based on blockchain that encourages transparency, openess, accountability, and inclusiveness. # How does Auctus work? With plans to disrupt an industry not known for innovation, Auctus’ ideas for retirement planning are nothing short of revolutionary. In place of centrally-managed and often opaque pension plans, Auctus is introducing decentralized and community-managed retirement investing based on the blockchain. Users will create retirement portfolios based on traditional and crypto assets managed through smart contract automation that removes intermediaries and lowers costs. Stored on a distributed ledger, pension plans will be transparent, auditable, and immutable, meaning that a corporation or government agency won’t be able to raid the plan in the event of a funding shortfall.  Smart contracts are only the beginning for Auctus. In an industry that too often rewards fund managers based on portfolio size instead of performance, the AUC token will be used to incentivize successful investment advice. Users sign up for either robo or human advisory services and only pay for advice that leads to positive returns. This merit-based system should ensure that the best advisors rise to the top and are rewarded for their service to the community of investors. Auctus also envisions a marketplace built on the blockchain where users can choose from a global offering of products and services. Imagine an app store of dApps, financial services, and widgets paid for in AUC tokens all designed to improve the retirement investment experience and a user’s financial return. Unlike many blockchain companies based on a white paper idea, Auctus is bringing a variety of services to users within a short time frame by partnering with other blockchain companies. Users will be able to deposit fiat or cryptocurrencies, manage assets, trade cryptocurrencies, access liquidity, borrow and loan assets, and participate in community management through plug and play partnerships with Request Network, 0x, Bancor Network, Ripio Credit Network, and Aragon, just to name a few. # What are the benefits to the Auctus? Retirement investment plans managed through smart contracts on the blockchain offer numerous benefits including: - Balancing of traditional investments with cryptoassets - Cryptocurrency trading and lending - Transparency through publicly available smart contracts - Greater data security through decentralization - Lower costs through disintermediation - Enforceable and non-immutable terms through smart contracts - Performance-based advisory services # What services will be enabled? Auctus is building a full-service retirement platform offering the following: - A dashboard for managing investments including third party plans - Traditional and crypto asset investments and management - Portfolio analytics and optimization - Human and robo advisory services - Financial product and services marketplace - Cryptocurrency trading and lending # Who’s on the Auctus team?  ### CEO?—?Raphael Schmid Vantroost Vantroost studied economics at Yale and has a financial services background that includes positions with UBS Investment Bank and Deutsche Bank. He also founded Swissline Real Estate. ### CTO?—?Daniel Duarte Duarte has a software engineering background and led various blockchain initiatives at DTI Digital. ### Head of Strategy?—?Vinicius Melo Melo background includes retirement fund experience, having worked at one of Brazil’s main pension fund companies (FUNPRESP-JUD). **The website lists 12 team members several of which have engineering backgrounds.** # Who are Auctus advisors? The Auctus advisory team has significant finance, legal, and technology experience and includes: - **Martijn van Eck**?—?Head of Pension at Holland Fintech, co-founder of Symetrics, a European FinTech 50 actuarial and risk analytics company. - **Mitja Pirc**?—?Partner at Cofound.it, responsible for advising startups and giving insight in new business models, blockchain, data and analytics. - **Philippe Castonguay?**—?Former relationship manager for developers at 0x. Focused on cryptocurrency development and collaborations. - **Eric Paley**?—?Partner at Nixon Peabody and member of the Employee Benefits team. J.D. from Syracuse University College Law. - **Steven Clark**?—?Partner at Horizon Investments, Associate Professor of Finance at UNC Charlotte. Ph.D. in Mathematical Sciences and Economics. - **Adam Greetis**?—?Partner at Seyfarth Shaw, member of Employee Benefits and Executive Compensation Department. J.D. from Chicago-Kent College of Law. # What partnerships and alliances do they have? Auctus has an impressive collaboration effort focused on integrating decentralized components from other companies into their platform. This provides Auctus with an ecosystem of leading blockchain companies will vastly expedite their product release schedule.  - **Aragon**?—?Allows Auctus to create a transparent and decentralized governance organization - **0x**?—?the protocol for trading AUC into a portfolio of crypto assets - **Ethfinex**?—?DEX for token trading - **Amadeus**?—?liquidity for dApptoken trading - **Melonport?**—?crypto asset management - **Ripio**?—?lending of crypto portfolios - **Request Network**?—?monthly deposit payments - **Bluzelle**?—?decentralized data storage - **MakerDAO**?—?DAI token stability for retirement portfolios - **Bancor**?—?Liquidity for AUC token holders # How far along is Auctus development? Auctus is deep into development with an active Github repository and a recently released testnet version of their MVP. The MVP provides an early preview of human and robo advisory services and management of traditional and crypto portfolios. Their mainnet beta version with real AUC tokens is planned for release in Q3 2018.  # What are the token metrics and utility? AUC tokens are used to pay for access to the platform and other financial products and services. Financial advisors are rewarded with tokens for successful advice and developers earn tokens for apps sold in the marketplace.  ### Token Metrics: - Circulating Supply: 16M - Total supply: 67M - ICO price: 1ETH = 2000 AUC - ICO hard cap: $3M - Average bonus private+presale: 13.6% - Lock up?—?Core team has 2 years vesting, with a 6-month cliff. ### The tokens are distributed as follows: - 51% Public Contributors - 2% Bounties - 9% Partnerships and Advisory - 18% Future Stakeholders - 20% Core Team ### How Auctus plans to use the proceeds: - Product Development (42%) - Business Development (28%) - Communication and Marketing (18%) - Other Expenses (12%) # Here’s why we love this project: - Auctus has a grand vision for disrupting an industry ripe for innovation - If Auctus only captures a small percentage of this market, they will be incredibly successful. - Auctus has an aggressive partnership plan that has plugged them into a broad blockchain-based financial ecosystem that should help cement their leadership role. - The potential investment multiplier for a $3 million hardcap is outstanding. # Our Auctus rating: 9/ 10 Vision?—?10/10 Team?—?8/10 Advisors?—?8/10 Partnerships?—?10/10 Roadmap?—?9/10 Token utility?—?9/10  # Follow us at www.twitter.com/blockgrade *Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.* |
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"timestamp": "2018-05-22T17:44:45",
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"comment",
{
"parent_author": "",
"parent_permlink": "cryptocurrency",
"author": "theblockgrade",
"permlink": "why-millennials-are-using-cryptocurrencies-like-auctus-instead-of-traditional-retirement-funds",
"title": "Why Millennials Are Using Cryptocurrencies Like Auctus Instead of Traditional Retirement Funds",
"body": "\n\nAuctus is set to shake up the pension industry with a global retirement platform that integrates traditional and crypto investments on the blockchain.\n\n- Ticker: AUC\n- Circulating Supply: 16M\n- ICO price: 1ETH = 2000 AUC\n- ICO hard cap: $3M\n- Current marketcap: $6M\n- Exchanges: Idex, more to follow\n\n# What we like about the project:\n\n- **Fair ICO**?—?Auctus raised just 3 million dollars from investors.\n- **Well connected**?—?Auctus has just hit the market yet is already working with top tier blockchain projects such as Bluzelle, 0x, Request Network, Aragon, Ethfinex, Ripio Credit Network, and more.\n- **Market Cap vs Market Size**?—?Auctus is currently trading at just a $6 million cap and is targeting a $41 trillion worldwide market, much larger than markets targeted by the majority of ICOs today.\n- **First mover advantage**?—?Auctus is first- to-market for blockchain-based retirement planning.\n- **Opportunity**?—?Retirement investments is one of the few financial sectors that has yet to be disrupted with blockchain.\n- **Small hardcap**?—?The potential investment multiplier with Auctus is outstanding in light of their $6M hardcap.\n\n# Why is this needed?\n\nRetirement investment assets total a staggering $41 trillion globally with the US accounting for over 61% (Willis Towers Watson, 2018). Pension asset growth rates over the last year are in double digits for many countries and are expected to climb due to worldwide economic growth and increasing global prosperity.\n\n\n\nHowever, despite a record number of assets in pension plans worldwide, there is a global funding gap that has many countries headed toward a financial crisis. It is estimated that the world’s six largest pension systems?—?the US, UK, Japan, Netherlands, Canada and Australia?—?will face a $224 trillion funding gap by 2050 (World Economic Forum, 2017). Low interest rates and an aging population are just two of the reasons that many countries will be challenged to honor basic retirement income commitments to their citizens.\n\n### *“We are staring at a time bomb”?—?Amin Rajan, chief executive of Create Research (Financial Times, 2017)*\n<br>\nHowever, the growing funding gap only compounds existing problems with an industry that is plagued by corruption, mismanagement, outdated technology and a lack of transparency. Consumers often have very little insight into the actual costs of pension plans and hidden charges have been found to account for up to a third of a plan’s value in some cases.\n\n### *“The shocking news is that we have uncovered more than 100 types of costs and charges being routinely applied to pensions and investments, many of which are being hidden from the consumer, which is just plain wrong. ”?—?Andy Agathangelou, founding chair of the Transparency Task Force*\n<br>\nOne study indicated that fradulent activity was reported in every 1 of 5 pension plans (Financial Times, 2012). More recently it was found that U.S companies have settled cases for almost $400M on charges of excessive fees and poor investment management (Financial Times, 2017).\n\nThe Willis Towers Watson report also indicates the retirement industy’s failure to refresh outdated technology and systems leading to a lack of innovation and a lack of access for less privileged individuals.\n\n# What’s the solution?\n\nBlockchain holds great promise for reforming outdated and failing retirement systems.\n\nBlockchain is already disrupting a number of financial industries and it is likely that retirement management planning won’t be left untouched.\n\nAt its core, a pension plan is a contract describing a financial relationship between two parties. Blockchain smart contracts can automate this relationship in a manner that is more transparent and costs less.\n\nRecording the contract on a distributed ledger ensures greater accountability and openness, something that is likely to reduce corruption, eliminate hidden fees, and improve management.\n\n\n\nAuctus wants to renew and revitalize the worldwide retirement investment industry with a global platform based on blockchain that encourages transparency, openess, accountability, and inclusiveness.\n\n# How does Auctus work?\n\nWith plans to disrupt an industry not known for innovation, Auctus’ ideas for retirement planning are nothing short of revolutionary. In place of centrally-managed and often opaque pension plans, Auctus is introducing decentralized and community-managed retirement investing based on the blockchain.\n\nUsers will create retirement portfolios based on traditional and crypto assets managed through smart contract automation that removes intermediaries and lowers costs. Stored on a distributed ledger, pension plans will be transparent, auditable, and immutable, meaning that a corporation or government agency won’t be able to raid the plan in the event of a funding shortfall.\n\n\n\nSmart contracts are only the beginning for Auctus. In an industry that too often rewards fund managers based on portfolio size instead of performance, the AUC token will be used to incentivize successful investment advice.\n\nUsers sign up for either robo or human advisory services and only pay for advice that leads to positive returns. This merit-based system should ensure that the best advisors rise to the top and are rewarded for their service to the community of investors.\n\nAuctus also envisions a marketplace built on the blockchain where users can choose from a global offering of products and services. Imagine an app store of dApps, financial services, and widgets paid for in AUC tokens all designed to improve the retirement investment experience and a user’s financial return.\n\nUnlike many blockchain companies based on a white paper idea, Auctus is bringing a variety of services to users within a short time frame by partnering with other blockchain companies.\n\nUsers will be able to deposit fiat or cryptocurrencies, manage assets, trade cryptocurrencies, access liquidity, borrow and loan assets, and participate in community management through plug and play partnerships with Request Network, 0x, Bancor Network, Ripio Credit Network, and Aragon, just to name a few.\n\n# What are the benefits to the Auctus?\n\nRetirement investment plans managed through smart contracts on the blockchain offer numerous benefits including:\n\n- Balancing of traditional investments with cryptoassets\n- Cryptocurrency trading and lending\n- Transparency through publicly available smart contracts\n- Greater data security through decentralization\n- Lower costs through disintermediation\n- Enforceable and non-immutable terms through smart contracts\n- Performance-based advisory services\n\n# What services will be enabled?\n\nAuctus is building a full-service retirement platform offering the following:\n\n- A dashboard for managing investments including third party plans\n- Traditional and crypto asset investments and management\n- Portfolio analytics and optimization\n- Human and robo advisory services\n- Financial product and services marketplace\n- Cryptocurrency trading and lending\n\n# Who’s on the Auctus team?\n\n\n\n### CEO?—?Raphael Schmid Vantroost\nVantroost studied economics at Yale and has a financial services background that includes positions with UBS Investment Bank and Deutsche Bank. He also founded Swissline Real Estate.\n\n### CTO?—?Daniel Duarte\nDuarte has a software engineering background and led various blockchain initiatives at DTI Digital.\n\n### Head of Strategy?—?Vinicius Melo\nMelo background includes retirement fund experience, having worked at one of Brazil’s main pension fund companies (FUNPRESP-JUD).\n\n**The website lists 12 team members several of which have engineering backgrounds.**\n\n# Who are Auctus advisors?\n\nThe Auctus advisory team has significant finance, legal, and technology experience and includes:\n\n- **Martijn van Eck**?—?Head of Pension at Holland Fintech, co-founder of Symetrics, a European FinTech 50 actuarial and risk analytics company.\n- **Mitja Pirc**?—?Partner at Cofound.it, responsible for advising startups and giving insight in new business models, blockchain, data and analytics.\n- **Philippe Castonguay?**—?Former relationship manager for developers at 0x. Focused on cryptocurrency development and collaborations.\n- **Eric Paley**?—?Partner at Nixon Peabody and member of the Employee Benefits team. J.D. from Syracuse University College Law.\n- **Steven Clark**?—?Partner at Horizon Investments, Associate Professor of Finance at UNC Charlotte. Ph.D. in Mathematical Sciences and Economics.\n- **Adam Greetis**?—?Partner at Seyfarth Shaw, member of Employee Benefits and Executive Compensation Department. J.D. from Chicago-Kent College of Law.\n\n# What partnerships and alliances do they have?\n\nAuctus has an impressive collaboration effort focused on integrating decentralized components from other companies into their platform.\n\nThis provides Auctus with an ecosystem of leading blockchain companies will vastly expedite their product release schedule.\n\n\n\n- **Aragon**?—?Allows Auctus to create a transparent and decentralized governance organization\n- **0x**?—?the protocol for trading AUC into a portfolio of crypto assets\n- **Ethfinex**?—?DEX for token trading\n- **Amadeus**?—?liquidity for dApptoken trading\n- **Melonport?**—?crypto asset management\n- **Ripio**?—?lending of crypto portfolios\n- **Request Network**?—?monthly deposit payments\n- **Bluzelle**?—?decentralized data storage\n- **MakerDAO**?—?DAI token stability for retirement portfolios\n- **Bancor**?—?Liquidity for AUC token holders\n\n# How far along is Auctus development?\n\nAuctus is deep into development with an active Github repository and a recently released testnet version of their MVP. The MVP provides an early preview of human and robo advisory services and management of traditional and crypto portfolios.\n\nTheir mainnet beta version with real AUC tokens is planned for release in Q3 2018.\n\n\n\n# What are the token metrics and utility?\n\nAUC tokens are used to pay for access to the platform and other financial products and services. Financial advisors are rewarded with tokens for successful advice and developers earn tokens for apps sold in the marketplace.\n\n\n\n### Token Metrics:\n\n- Circulating Supply: 16M\n- Total supply: 67M\n- ICO price: 1ETH = 2000 AUC\n- ICO hard cap: $3M\n- Average bonus private+presale: 13.6%\n- Lock up?—?Core team has 2 years vesting, with a 6-month cliff.\n\n### The tokens are distributed as follows:\n\n- 51% Public Contributors\n- 2% Bounties\n- 9% Partnerships and Advisory\n- 18% Future Stakeholders\n- 20% Core Team\n\n### How Auctus plans to use the proceeds:\n\n- Product Development (42%)\n- Business Development (28%)\n- Communication and Marketing (18%)\n- Other Expenses (12%)\n\n# Here’s why we love this project:\n\n- Auctus has a grand vision for disrupting an industry ripe for innovation\n- If Auctus only captures a small percentage of this market, they will be incredibly successful.\n- Auctus has an aggressive partnership plan that has plugged them into a broad blockchain-based financial ecosystem that should help cement their leadership role.\n- The potential investment multiplier for a $3 million hardcap is outstanding.\n\n# Our Auctus rating: 9/ 10\nVision?—?10/10\nTeam?—?8/10\nAdvisors?—?8/10\nPartnerships?—?10/10\nRoadmap?—?9/10\nToken utility?—?9/10\n\n\n\n# Follow us at www.twitter.com/blockgrade\n*Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.*",
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}theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever2018/05/22 17:40:45
theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever
2018/05/22 17:40:45
| parent author | |
| parent permlink | crypto |
| author | theblockgrade |
| permlink | unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever |
| title | Unibright Creates Smart Contracts in Seconds For Enterprise Users |
| body |  ## Unibright is a new blockchain project that provides enterprises with a plug-n-play framework for rapid blockchain integration. <br> - Token: UBT (ERC20) - Circulating Supply: 100M UBT - ICO price: 1 UBT = $0.14 - ICO hard cap: $13.5M # What we like about the project: - **Plug-n-play solution**, no-coding-required for companies to quickly integrate blockchain - **Highly-experienced parent company** that has already built a successful cloud integration platform - **An existing client list of Fortune 500 companies**, such as Unilever, Shell, Samsung and Nestle, some of whom are likely to be their first blockchain customers - **Small market cap** compared with competitors # Why is this needed? The potential of blockchain technology to shape how companies run their business cannot be understated. One of the core functions of a company is to track records and manage contracts and there is no technology that can do this in a more transparent, secure, and immutable manner than blockchain. “Blockchain is a foundational technology: It has the potential to create new foundations for our economic and social systems.” Harvard Business Review, 2017 The embrace of blockchain by some of the world’s largest and most recognizable companies demonstrates this potential. - Starbucks is piloting blockchain to trace coffee back to the farms where it was grown. - IBM is using blockchain to turn carbon credits into tokens that can be exchanged digitally. - Blockchain allows Walmart to improve food safety in China. New use cases for blockchain are mentioned almost daily in the mainstream media. The future is bright for this nascent industry. # Corporation Adoption of Blockchain Has Been Slow Despite the promise of blockchain, only 1% of 3,138 chief information officers at companies surveyed in a Gartner study said they have adopted any kind of blockchain technology (The Wall Street Journal, 2018). In the survey, a number of obstacles to implementing blockchain were indicated including **immaturity of the technology, integration challenges, and a lack of blockchain skills**. Having the right skillset is critical for writing smart contracts considering their complexity and lack of standards (Gartner, 2017). “… 23% said the effort requires the “most new skills to implement” of any IT tool, according to the survey.” The Wall Street Journal, 2018 # What’s Unibright’s solution?  Unibright has developed a unified framework that is designed to remove the obstacles to greater corporate adoption of blockchain. At the center of their offering is an **ingenious solution** to the smart contract complexity issue and the challenge of finding skilled blockchain programmers. They have created a suite of visual tools that allows anyone without coding experience to create a smart contract. The idea of a **“drag and drop”** smart contract builder could be as **innovative and revolutionary** as the introduction of Visio was to creating diagrams or Crystal Reports was to creating reports without SQL. Those technologies allowed non-technical resources to contribute to a company’s productivity in ways that were previously impossible. Addressing the challenge of integration, Unibright has created “connectors” or middleware that are **designed to create “plug n play”** connections between corporate IT systems and blockchain. Unibright is blockchain agnostic so it gives companies the flexibility to connect to one or multiple blockchains. In addition, Unibright addresses the immaturity of blockchain technology for business by creating **templates of standard workflows** such as asset management, supply chain tracking, and approvals processes. Companies can customize this **“smart contract starter kit”** before turning these templates into functioning smart contracts. ## The full suite of tools include:  - **Visual Workflow Designer**?—?A visual tool to design the workflows that will be integrated into the blockchain. - **Contract Lifecycle Manager**?—?Automatically converts a workflow into a smart contract. - **Explorer**?—?Retrieves data from the blockchain to allow for smart contract monitoring. - **Connector**?—?The middleware that connects different IT systems to different blockchains. Unibright’s well-thought-out solution creates a **“fast track”** for corporate adoption of blockchain. With a broad range of use cases, Unibright could potentially compete with bigger, well-known companies like **VeChain** and **Waltonchain**, although as middleware designed to bridge the gap between legacy systems and blockchains, they may actually complement what these companies do. # What are the benefits of using Unibright? Unibright’s framework for connecting corporate systems to blockchain includes the following benefits: - Corporations can embrace blockchain without needing to replace or modify existing enterprise systems that run their organization. - Unibright’s Visual Workflow Designer allows non-technical employees to easily turn a business process into a smart contract. - Prebuilt templates and workflows for use cases like multi-party approval, billing, asset tracking, and supplychain management act serve as a **“smart contract starter kit”.** - Unibright’s decision to build middleware instead of developing a custom blockchain should **increase time to market and reduce complexity.** - Their approach is **blockchain agnostic** allowing companies access to their blockchain(s) of choice while also increasing the potential market for Unibright. # Who’s on the Unibright team? Unibright was founded by SPO Consulting GmbH, a consulting and software development company based out of Germany. The parent company has proven they can deliver in a similar exercise, having previously built a successful cloud integration platform called PIP that will likely serve as the foundation for the blockchain framework. The Unibright team has a blend of engineering, software development, and system integration skills with a number of members from SPO.  # Who are Unibright advisors? Unibright’s advisors have a broad range of expertise in number of areas including consulting, business, engineering, blockchain, and marketing. - **Nicholas Merten** aka DataDash Crypto YT Channel, Speaker, Cryptocurrency Enthusiast. Passionate about business, sales, data, and finance - **Oleksii Matiiasevych**?—?Ethereum architect and smart contracts developer at Ambisafe, Inc - **Patrick Lowry**?—?Venture capitalist with 8 years of experience. PwC auditor and startup co-founder/CFO with an MBA, CPA license - **Klaus Tschirschke**—?30+ years of experience in business consulting, process development and SAP customizing - **Prof. Günter Schmidt**?—?40+ years experience in mathematical modelling, abstracting and concretion - **Dr. Moritz Leon Gomm**?—?PhD, Master of Computer Science, 20+ years of experience in start-up advising and business development - **Tapio Reisinger?**—?20+ years experience as Senior Consultant and Solution Architect in SAP Projects - **Philipp Schulz**?—?Long-term expert in digital currencies, crypto economics and successfully manages multiple ICOs processes. - **Gabor Kiss**?—?Bachelor Degree in Economics and Finance, and has substantial experience in ICOs PR & marketing # What partnerships and alliances do they have?  Unibright has a number of partnerships including one with Microsoft Germany. The two companies have a smart contract coding Hackathon scheduled for May 28, 2018. Unibright’s partnership with Chainium will bring corporate customers to the blockchain provider and may serve as a model for future partnerships with other established blockchains. # Who are Unibright’s Potential Clients? Unibright’s parent company has an impressive list of existing clients, many of whom will be potential clients of Unibright.  # How far along is Unibright development? Unibright has built a working MVP that is integrated with Ethereum. The company is currently working on the front-end tools and extending their existing MS Azure integration platform through adapters to specific blockchains. They expect to begin piloting their product in the Q4 of this year. # What are the token metrics and utility? Tokens serve to incentivize behavior in the Unibright ecosystem. The following activities requires tokens: ### Token Metrics: - Token: UBT (ERC20) - Total Supply: 150M UBT - Circulating Supply: 100M - ICO price: 1 UBT = $0.14 - ICO hard cap: $13.5M ### The tokens are distributed as follows: - Legal / token sale expenses (6%) - Team (locked up for 12 months) (6%) - Seed investors (9%) - Cold storage liquidity reserve (12%) - Public token sale (67%) ### How Unibright plans to use the proceeds: - Platform development (50%) - Template Generation for Business Use-Cases (20%) - PR and marketing (15%) - Setting up partnerships in industry, bootstrapping pilot customers (15%) # Here’s why we love this project: - Unibright has an innovative and compelling solution to the issue of smart contract complexity. - Unibright’s parent company has a long and successful history of system integration for Fortune 500 companies . - The global market for system integration services is enormous. - The potential investment multiplier for Unibright’s hardcap is excellent. # Our Unibright rating: 8.2 / 10 **Vision**?—?9/10 **Team**?—?8/10 **Advisors**?—?8/10 **Partnerships**?—?8/10 **Roadmap**?—?8/10 **Token utility**?—?8/10  # Follow us at www.twitter.com/blockgrade Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.new |
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"timestamp": "2018-05-22T17:40:45",
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"parent_permlink": "crypto",
"author": "theblockgrade",
"permlink": "unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever",
"title": "Unibright Creates Smart Contracts in Seconds For Enterprise Users",
"body": "\n\n## Unibright is a new blockchain project that provides enterprises with a plug-n-play framework for rapid blockchain integration.\n<br>\n- Token: UBT (ERC20)\n- Circulating Supply: 100M UBT\n- ICO price: 1 UBT = $0.14\n- ICO hard cap: $13.5M\n\n# What we like about the project:\n- **Plug-n-play solution**, no-coding-required for companies to quickly integrate blockchain\n- **Highly-experienced parent company** that has already built a successful cloud integration platform\n- **An existing client list of Fortune 500 companies**, such as Unilever, Shell, Samsung and Nestle, some of whom are likely to be their first blockchain customers\n- **Small market cap** compared with competitors\n\n# Why is this needed?\nThe potential of blockchain technology to shape how companies run their business cannot be understated. One of the core functions of a company is to track records and manage contracts and there is no technology that can do this in a more transparent, secure, and immutable manner than blockchain.\n\n“Blockchain is a foundational technology: It has the potential to create new foundations for our economic and social systems.” Harvard Business Review, 2017\nThe embrace of blockchain by some of the world’s largest and most recognizable companies demonstrates this potential.\n\n- Starbucks is piloting blockchain to trace coffee back to the farms where it was grown.\n- IBM is using blockchain to turn carbon credits into tokens that can be exchanged digitally.\n- Blockchain allows Walmart to improve food safety in China.\n\nNew use cases for blockchain are mentioned almost daily in the mainstream media. The future is bright for this nascent industry.\n\n# Corporation Adoption of Blockchain Has Been Slow\nDespite the promise of blockchain, only 1% of 3,138 chief information officers at companies surveyed in a Gartner study said they have adopted any kind of blockchain technology (The Wall Street Journal, 2018).\n\nIn the survey, a number of obstacles to implementing blockchain were indicated including **immaturity of the technology, integration challenges, and a lack of blockchain skills**. Having the right skillset is critical for writing smart contracts considering their complexity and lack of standards (Gartner, 2017).\n\n“… 23% said the effort requires the “most new skills to implement” of any IT tool, according to the survey.” The Wall Street Journal, 2018\n\n# What’s Unibright’s solution?\n\n\n\nUnibright has developed a unified framework that is designed to remove the obstacles to greater corporate adoption of blockchain.\n\nAt the center of their offering is an **ingenious solution** to the smart contract complexity issue and the challenge of finding skilled blockchain programmers. They have created a suite of visual tools that allows anyone without coding experience to create a smart contract.\n\nThe idea of a **“drag and drop”** smart contract builder could be as **innovative and revolutionary** as the introduction of Visio was to creating diagrams or Crystal Reports was to creating reports without SQL. Those technologies allowed non-technical resources to contribute to a company’s productivity in ways that were previously impossible.\n\nAddressing the challenge of integration, Unibright has created “connectors” or middleware that are **designed to create “plug n play”** connections between corporate IT systems and blockchain. Unibright is blockchain agnostic so it gives companies the flexibility to connect to one or multiple blockchains.\n\nIn addition, Unibright addresses the immaturity of blockchain technology for business by creating **templates of standard workflows** such as asset management, supply chain tracking, and approvals processes. Companies can customize this **“smart contract starter kit”** before turning these templates into functioning smart contracts.\n\n## The full suite of tools include:\n\n\n\n- **Visual Workflow Designer**?—?A visual tool to design the workflows that will be integrated into the blockchain.\n- **Contract Lifecycle Manager**?—?Automatically converts a workflow into a smart contract.\n- **Explorer**?—?Retrieves data from the blockchain to allow for smart contract monitoring.\n- **Connector**?—?The middleware that connects different IT systems to different blockchains.\n\nUnibright’s well-thought-out solution creates a **“fast track”** for corporate adoption of blockchain. With a broad range of use cases, Unibright could potentially compete with bigger, well-known companies like **VeChain** and **Waltonchain**, although as middleware designed to bridge the gap between legacy systems and blockchains, they may actually complement what these companies do.\n\n# What are the benefits of using Unibright?\nUnibright’s framework for connecting corporate systems to blockchain includes the following benefits:\n\n- Corporations can embrace blockchain without needing to replace or modify existing enterprise systems that run their organization.\n- Unibright’s Visual Workflow Designer allows non-technical employees to easily turn a business process into a smart contract.\n- Prebuilt templates and workflows for use cases like multi-party approval, billing, asset tracking, and supplychain management act serve as a **“smart contract starter kit”.**\n- Unibright’s decision to build middleware instead of developing a custom blockchain should **increase time to market and reduce complexity.**\n- Their approach is **blockchain agnostic** allowing companies access to their blockchain(s) of choice while also increasing the potential market for Unibright.\n\n# Who’s on the Unibright team?\nUnibright was founded by SPO Consulting GmbH, a consulting and software development company based out of Germany.\n\nThe parent company has proven they can deliver in a similar exercise, having previously built a successful cloud integration platform called PIP that will likely serve as the foundation for the blockchain framework.\n\nThe Unibright team has a blend of engineering, software development, and system integration skills with a number of members from SPO.\n\n\n\n# Who are Unibright advisors?\nUnibright’s advisors have a broad range of expertise in number of areas including consulting, business, engineering, blockchain, and marketing.\n\n- **Nicholas Merten** aka DataDash Crypto YT Channel, Speaker, Cryptocurrency Enthusiast. Passionate about business, sales, data, and finance\n- **Oleksii Matiiasevych**?—?Ethereum architect and smart contracts developer at Ambisafe, Inc\n- **Patrick Lowry**?—?Venture capitalist with 8 years of experience. PwC auditor and startup co-founder/CFO with an MBA, CPA license\n- **Klaus Tschirschke**—?30+ years of experience in business consulting, process development and SAP customizing\n- **Prof. Günter Schmidt**?—?40+ years experience in mathematical modelling, abstracting and concretion\n- **Dr. Moritz Leon Gomm**?—?PhD, Master of Computer Science, 20+ years of experience in start-up advising and business development\n- **Tapio Reisinger?**—?20+ years experience as Senior Consultant and Solution Architect in SAP Projects\n- **Philipp Schulz**?—?Long-term expert in digital currencies, crypto economics and successfully manages multiple ICOs processes.\n- **Gabor Kiss**?—?Bachelor Degree in Economics and Finance, and has substantial experience in ICOs PR & marketing\n\n# What partnerships and alliances do they have?\n\n\n\nUnibright has a number of partnerships including one with Microsoft Germany. The two companies have a smart contract coding Hackathon scheduled for May 28, 2018.\n\nUnibright’s partnership with Chainium will bring corporate customers to the blockchain provider and may serve as a model for future partnerships with other established blockchains.\n\n# Who are Unibright’s Potential Clients?\nUnibright’s parent company has an impressive list of existing clients, many of whom will be potential clients of Unibright.\n\n\n\n# How far along is Unibright development?\nUnibright has built a working MVP that is integrated with Ethereum. The company is currently working on the front-end tools and extending their existing MS Azure integration platform through adapters to specific blockchains. They expect to begin piloting their product in the Q4 of this year.\n\n# What are the token metrics and utility?\nTokens serve to incentivize behavior in the Unibright ecosystem. The following activities requires tokens:\n\n\n### Token Metrics:\n- Token: UBT (ERC20)\n- Total Supply: 150M UBT\n- Circulating Supply: 100M\n- ICO price: 1 UBT = $0.14\n- ICO hard cap: $13.5M\n\n### The tokens are distributed as follows:\n\n- Legal / token sale expenses (6%)\n- Team (locked up for 12 months) (6%)\n- Seed investors (9%)\n- Cold storage liquidity reserve (12%)\n- Public token sale (67%)\n\n### How Unibright plans to use the proceeds:\n- Platform development (50%)\n- Template Generation for Business Use-Cases (20%)\n- PR and marketing (15%)\n- Setting up partnerships in industry, bootstrapping pilot customers (15%)\n\n# Here’s why we love this project:\n- Unibright has an innovative and compelling solution to the issue of smart contract complexity.\n- Unibright’s parent company has a long and successful history of system integration for Fortune 500 companies .\n- The global market for system integration services is enormous.\n- The potential investment multiplier for Unibright’s hardcap is excellent.\n\n# Our Unibright rating: 8.2 / 10\n**Vision**?—?9/10\n**Team**?—?8/10\n**Advisors**?—?8/10\n**Partnerships**?—?8/10\n**Roadmap**?—?8/10\n**Token utility**?—?8/10\n\n\n\n# Follow us at www.twitter.com/blockgrade\nNote: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.new",
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theblockgradeupdated their account properties
2018/05/21 06:35:36
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}theblockgradepublished a new post: tomochain-is-a-brand-new-blockchain-with-killer-potential2018/05/21 06:27:00
theblockgradepublished a new post: tomochain-is-a-brand-new-blockchain-with-killer-potential
2018/05/21 06:27:00
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theblockgradepublished a new post: wanchain-the-future-of-finance
2018/05/21 06:26:30
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theblockgradepublished a new post: wanchain-the-future-of-finance
2018/05/21 06:26:18
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2018/05/21 06:25:12
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}theblockgradepublished a new post: bigbom-is-using-blockchain-to-revolutionize-the-advertising-industry2018/05/21 06:24:24
theblockgradepublished a new post: bigbom-is-using-blockchain-to-revolutionize-the-advertising-industry
2018/05/21 06:24:24
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}theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever2018/05/21 06:23:18
theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever
2018/05/21 06:23:18
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}theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever2018/05/20 11:12:06
theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever
2018/05/20 11:12:06
| parent author | |
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| author | theblockgrade |
| permlink | unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever |
| title | Unibright Creates Smart Contracts in Seconds For Enterprise Users |
| body | @@ -1090,17 +1090,16 @@ chain.%0A%0A -_ %E2%80%9CBlockch @@ -1246,18 +1246,16 @@ ew, 2017 -_%0A %0AThe emb @@ -2318,17 +2318,16 @@ 2017).%0A%0A -_ %E2%80%9C%E2%80%A6 23%25 s @@ -2456,17 +2456,16 @@ al, 2018 -_ %0A%0A# What |
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}theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever2018/05/20 10:42:06
theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever
2018/05/20 10:42:06
| parent author | |
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| permlink | unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever |
| title | Unibright is Making Corporate Adoption of Blockchain Easier Than Ever |
| body | @@ -1090,16 +1090,17 @@ chain.%0A%0A +_ %E2%80%9CBlockch @@ -1247,16 +1247,18 @@ ew, 2017 +_%0A %0AThe emb @@ -2321,16 +2321,17 @@ 2017).%0A%0A +_ %E2%80%9C%E2%80%A6 23%25 s @@ -2460,16 +2460,17 @@ al, 2018 +_ %0A%0A# What |
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2018/05/20 10:32:09
| voter | magpielover |
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}theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever2018/05/20 10:31:06
theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever
2018/05/20 10:31:06
| parent author | |
| parent permlink | crypto |
| author | theblockgrade |
| permlink | unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever |
| title | Unibright is Making Corporate Adoption of Blockchain Easier Than Ever |
| body | @@ -10128,50 +10128,8 @@ 10%0A%0A -Follow Blockgrade on Twitter @blockgrade%0A%0A !%5Bub @@ -10549,388 +10549,4 @@ ice. -%0A%0A_Harvard Business Review. %E2%80%9CThe Truth About Blockchain%E2%80%9D, January-February, 2017.%0AGartner. %E2%80%9CWhy Blockchain%E2%80%99s Smart Contracts Aren%E2%80%99t Ready for the Business World%E2%80%9D, June 16, 2017.%0AThe Wall Street Journal. %E2%80%9CAmid Blockchain Hype, Few Deployments, Limited Interest, Survey Finds%E2%80%9D, May 4, 2018.%0AGrand View Research, %E2%80%9CSystem Integration Market Worth $582.5 Billion By 2025%E2%80%9D, February, 2017._ |
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"body": "@@ -10128,50 +10128,8 @@\n 10%0A%0A\n-Follow Blockgrade on Twitter @blockgrade%0A%0A\n !%5Bub\n@@ -10549,388 +10549,4 @@\n ice.\n-%0A%0A_Harvard Business Review. %E2%80%9CThe Truth About Blockchain%E2%80%9D, January-February, 2017.%0AGartner. %E2%80%9CWhy Blockchain%E2%80%99s Smart Contracts Aren%E2%80%99t Ready for the Business World%E2%80%9D, June 16, 2017.%0AThe Wall Street Journal. %E2%80%9CAmid Blockchain Hype, Few Deployments, Limited Interest, Survey Finds%E2%80%9D, May 4, 2018.%0AGrand View Research, %E2%80%9CSystem Integration Market Worth $582.5 Billion By 2025%E2%80%9D, February, 2017._\n",
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}2018/05/20 10:06:30
2018/05/20 10:06:30
| parent author | theblockgrade |
| parent permlink | unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever |
| author | emergedinsteem |
| permlink | re-theblockgrade-unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever-20180520t100632027z |
| title | fossbot voter comment |
| body | @therealwolf 's created platform smartsteem scammed my post this morning (mothersday) that was supposed to be for an Abused Childrens Charity. Dude literally stole from abused children that don't have mothers ... on mothersday. https://steemit.com/steemit/@prometheusrisen/beware-of-smartsteem-scam |
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"body": "@therealwolf 's created platform smartsteem scammed my post this morning (mothersday) that was supposed to be for an Abused Childrens Charity. Dude literally stole from abused children that don't have mothers ... on mothersday. \r\n\r\nhttps://steemit.com/steemit/@prometheusrisen/beware-of-smartsteem-scam",
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}theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever2018/05/20 10:00:30
theblockgradepublished a new post: unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever
2018/05/20 10:00:30
| parent author | |
| parent permlink | crypto |
| author | theblockgrade |
| permlink | unibright-is-making-corporate-adoption-of-blockchain-easier-than-ever |
| title | Unibright is Making Corporate Adoption of Blockchain Easier Than Ever |
| body |  ## Unibright is a new blockchain project that provides enterprises with a plug-n-play framework for rapid blockchain integration. <br> - Token: UBT (ERC20) - Circulating Supply: 100M UBT - ICO price: 1 UBT = $0.14 - ICO hard cap: $13.5M # What we like about the project: - **Plug-n-play solution**, no-coding-required for companies to quickly integrate blockchain - **Highly-experienced parent company** that has already built a successful cloud integration platform - **An existing client list of Fortune 500 companies**, such as Unilever, Shell, Samsung and Nestle, some of whom are likely to be their first blockchain customers - **Small market cap** compared with competitors # Why is this needed? The potential of blockchain technology to shape how companies run their business cannot be understated. One of the core functions of a company is to track records and manage contracts and there is no technology that can do this in a more transparent, secure, and immutable manner than blockchain. “Blockchain is a foundational technology: It has the potential to create new foundations for our economic and social systems.” Harvard Business Review, 2017 The embrace of blockchain by some of the world’s largest and most recognizable companies demonstrates this potential. - Starbucks is piloting blockchain to trace coffee back to the farms where it was grown. - IBM is using blockchain to turn carbon credits into tokens that can be exchanged digitally. - Blockchain allows Walmart to improve food safety in China. New use cases for blockchain are mentioned almost daily in the mainstream media. The future is bright for this nascent industry. # Corporation Adoption of Blockchain Has Been Slow Despite the promise of blockchain, only 1% of 3,138 chief information officers at companies surveyed in a Gartner study said they have adopted any kind of blockchain technology (The Wall Street Journal, 2018). In the survey, a number of obstacles to implementing blockchain were indicated including **immaturity of the technology, integration challenges, and a lack of blockchain skills**. Having the right skillset is critical for writing smart contracts considering their complexity and lack of standards (Gartner, 2017). “… 23% said the effort requires the “most new skills to implement” of any IT tool, according to the survey.” The Wall Street Journal, 2018 # What’s Unibright’s solution?  Unibright has developed a unified framework that is designed to remove the obstacles to greater corporate adoption of blockchain. At the center of their offering is an **ingenious solution** to the smart contract complexity issue and the challenge of finding skilled blockchain programmers. They have created a suite of visual tools that allows anyone without coding experience to create a smart contract. The idea of a **“drag and drop”** smart contract builder could be as **innovative and revolutionary** as the introduction of Visio was to creating diagrams or Crystal Reports was to creating reports without SQL. Those technologies allowed non-technical resources to contribute to a company’s productivity in ways that were previously impossible. Addressing the challenge of integration, Unibright has created “connectors” or middleware that are **designed to create “plug n play”** connections between corporate IT systems and blockchain. Unibright is blockchain agnostic so it gives companies the flexibility to connect to one or multiple blockchains. In addition, Unibright addresses the immaturity of blockchain technology for business by creating **templates of standard workflows** such as asset management, supply chain tracking, and approvals processes. Companies can customize this **“smart contract starter kit”** before turning these templates into functioning smart contracts. ## The full suite of tools include:  - **Visual Workflow Designer** — A visual tool to design the workflows that will be integrated into the blockchain. - **Contract Lifecycle Manager** — Automatically converts a workflow into a smart contract. - **Explorer** — Retrieves data from the blockchain to allow for smart contract monitoring. - **Connector** — The middleware that connects different IT systems to different blockchains. Unibright’s well-thought-out solution creates a **“fast track”** for corporate adoption of blockchain. With a broad range of use cases, Unibright could potentially compete with bigger, well-known companies like **VeChain** and **Waltonchain**, although as middleware designed to bridge the gap between legacy systems and blockchains, they may actually complement what these companies do. # What are the benefits of using Unibright? Unibright’s framework for connecting corporate systems to blockchain includes the following benefits: - Corporations can embrace blockchain without needing to replace or modify existing enterprise systems that run their organization. - Unibright’s Visual Workflow Designer allows non-technical employees to easily turn a business process into a smart contract. - Prebuilt templates and workflows for use cases like multi-party approval, billing, asset tracking, and supplychain management act serve as a **“smart contract starter kit”.** - Unibright’s decision to build middleware instead of developing a custom blockchain should **increase time to market and reduce complexity.** - Their approach is **blockchain agnostic** allowing companies access to their blockchain(s) of choice while also increasing the potential market for Unibright. # Who’s on the Unibright team? Unibright was founded by SPO Consulting GmbH, a consulting and software development company based out of Germany. The parent company has proven they can deliver in a similar exercise, having previously built a successful cloud integration platform called PIP that will likely serve as the foundation for the blockchain framework. The Unibright team has a blend of engineering, software development, and system integration skills with a number of members from SPO.  # Who are Unibright advisors? Unibright’s advisors have a broad range of expertise in number of areas including consulting, business, engineering, blockchain, and marketing. - **Nicholas Merten** aka DataDash Crypto YT Channel, Speaker, Cryptocurrency Enthusiast. Passionate about business, sales, data, and finance - **Oleksii Matiiasevych** — Ethereum architect and smart contracts developer at Ambisafe, Inc - **Patrick Lowry** — Venture capitalist with 8 years of experience. PwC auditor and startup co-founder/CFO with an MBA, CPA license - **Klaus Tschirschke**— 30+ years of experience in business consulting, process development and SAP customizing - **Prof. Günter Schmidt** — 40+ years experience in mathematical modelling, abstracting and concretion - **Dr. Moritz Leon Gomm** — PhD, Master of Computer Science, 20+ years of experience in start-up advising and business development - **Tapio Reisinger **— 20+ years experience as Senior Consultant and Solution Architect in SAP Projects - **Philipp Schulz** — Long-term expert in digital currencies, crypto economics and successfully manages multiple ICOs processes. - **Gabor Kiss** — Bachelor Degree in Economics and Finance, and has substantial experience in ICOs PR & marketing # What partnerships and alliances do they have?  Unibright has a number of partnerships including one with Microsoft Germany. The two companies have a smart contract coding Hackathon scheduled for May 28, 2018. Unibright’s partnership with Chainium will bring corporate customers to the blockchain provider and may serve as a model for future partnerships with other established blockchains. # Who are Unibright’s Potential Clients? Unibright’s parent company has an impressive list of existing clients, many of whom will be potential clients of Unibright.  # How far along is Unibright development? Unibright has built a working MVP that is integrated with Ethereum. The company is currently working on the front-end tools and extending their existing MS Azure integration platform through adapters to specific blockchains. They expect to begin piloting their product in the Q4 of this year. # What are the token metrics and utility? Tokens serve to incentivize behavior in the Unibright ecosystem. The following activities requires tokens: ### Token Metrics: - Token: UBT (ERC20) - Total Supply: 150M UBT - Circulating Supply: 100M - ICO price: 1 UBT = $0.14 - ICO hard cap: $13.5M ### The tokens are distributed as follows: - Legal / token sale expenses (6%) - Team (locked up for 12 months) (6%) - Seed investors (9%) - Cold storage liquidity reserve (12%) - Public token sale (67%) ### How Unibright plans to use the proceeds: - Platform development (50%) - Template Generation for Business Use-Cases (20%) - PR and marketing (15%) - Setting up partnerships in industry, bootstrapping pilot customers (15%) # Here’s why we love this project: - Unibright has an innovative and compelling solution to the issue of smart contract complexity. - Unibright’s parent company has a long and successful history of system integration for Fortune 500 companies . - The global market for system integration services is enormous. - The potential investment multiplier for Unibright’s hardcap is excellent. # Our Unibright rating: 8.2 / 10 **Vision** — 9/10 **Team** — 8/10 **Advisors** — 8/10 **Partnerships** — 8/10 **Roadmap** — 8/10 **Token utility** — 8/10 Follow Blockgrade on Twitter @blockgrade  # Follow us at www.twitter.com/blockgrade Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice. _Harvard Business Review. “The Truth About Blockchain”, January-February, 2017. Gartner. “Why Blockchain’s Smart Contracts Aren’t Ready for the Business World”, June 16, 2017. The Wall Street Journal. “Amid Blockchain Hype, Few Deployments, Limited Interest, Survey Finds”, May 4, 2018. Grand View Research, “System Integration Market Worth $582.5 Billion By 2025”, February, 2017._ |
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"body": "\n\n## Unibright is a new blockchain project that provides enterprises with a plug-n-play framework for rapid blockchain integration.\n<br>\n- Token: UBT (ERC20)\n- Circulating Supply: 100M UBT\n- ICO price: 1 UBT = $0.14\n- ICO hard cap: $13.5M\n\n# What we like about the project:\n- **Plug-n-play solution**, no-coding-required for companies to quickly integrate blockchain\n- **Highly-experienced parent company** that has already built a successful cloud integration platform\n- **An existing client list of Fortune 500 companies**, such as Unilever, Shell, Samsung and Nestle, some of whom are likely to be their first blockchain customers\n- **Small market cap** compared with competitors\n\n# Why is this needed?\nThe potential of blockchain technology to shape how companies run their business cannot be understated. One of the core functions of a company is to track records and manage contracts and there is no technology that can do this in a more transparent, secure, and immutable manner than blockchain.\n\n“Blockchain is a foundational technology: It has the potential to create new foundations for our economic and social systems.” Harvard Business Review, 2017\nThe embrace of blockchain by some of the world’s largest and most recognizable companies demonstrates this potential.\n\n- Starbucks is piloting blockchain to trace coffee back to the farms where it was grown.\n- IBM is using blockchain to turn carbon credits into tokens that can be exchanged digitally.\n- Blockchain allows Walmart to improve food safety in China.\n\nNew use cases for blockchain are mentioned almost daily in the mainstream media. The future is bright for this nascent industry.\n\n# Corporation Adoption of Blockchain Has Been Slow\nDespite the promise of blockchain, only 1% of 3,138 chief information officers at companies surveyed in a Gartner study said they have adopted any kind of blockchain technology (The Wall Street Journal, 2018).\n\nIn the survey, a number of obstacles to implementing blockchain were indicated including **immaturity of the technology, integration challenges, and a lack of blockchain skills**. Having the right skillset is critical for writing smart contracts considering their complexity and lack of standards (Gartner, 2017).\n\n“… 23% said the effort requires the “most new skills to implement” of any IT tool, according to the survey.” The Wall Street Journal, 2018\n\n# What’s Unibright’s solution?\n\n\n\nUnibright has developed a unified framework that is designed to remove the obstacles to greater corporate adoption of blockchain.\n\nAt the center of their offering is an **ingenious solution** to the smart contract complexity issue and the challenge of finding skilled blockchain programmers. They have created a suite of visual tools that allows anyone without coding experience to create a smart contract.\n\nThe idea of a **“drag and drop”** smart contract builder could be as **innovative and revolutionary** as the introduction of Visio was to creating diagrams or Crystal Reports was to creating reports without SQL. Those technologies allowed non-technical resources to contribute to a company’s productivity in ways that were previously impossible.\n\nAddressing the challenge of integration, Unibright has created “connectors” or middleware that are **designed to create “plug n play”** connections between corporate IT systems and blockchain. Unibright is blockchain agnostic so it gives companies the flexibility to connect to one or multiple blockchains.\n\nIn addition, Unibright addresses the immaturity of blockchain technology for business by creating **templates of standard workflows** such as asset management, supply chain tracking, and approvals processes. Companies can customize this **“smart contract starter kit”** before turning these templates into functioning smart contracts.\n\n## The full suite of tools include:\n\n\n\n- **Visual Workflow Designer** — A visual tool to design the workflows that will be integrated into the blockchain.\n- **Contract Lifecycle Manager** — Automatically converts a workflow into a smart contract.\n- **Explorer** — Retrieves data from the blockchain to allow for smart contract monitoring.\n- **Connector** — The middleware that connects different IT systems to different blockchains.\n\nUnibright’s well-thought-out solution creates a **“fast track”** for corporate adoption of blockchain. With a broad range of use cases, Unibright could potentially compete with bigger, well-known companies like **VeChain** and **Waltonchain**, although as middleware designed to bridge the gap between legacy systems and blockchains, they may actually complement what these companies do.\n\n# What are the benefits of using Unibright?\nUnibright’s framework for connecting corporate systems to blockchain includes the following benefits:\n\n- Corporations can embrace blockchain without needing to replace or modify existing enterprise systems that run their organization.\n- Unibright’s Visual Workflow Designer allows non-technical employees to easily turn a business process into a smart contract.\n- Prebuilt templates and workflows for use cases like multi-party approval, billing, asset tracking, and supplychain management act serve as a **“smart contract starter kit”.**\n- Unibright’s decision to build middleware instead of developing a custom blockchain should **increase time to market and reduce complexity.**\n- Their approach is **blockchain agnostic** allowing companies access to their blockchain(s) of choice while also increasing the potential market for Unibright.\n\n# Who’s on the Unibright team?\nUnibright was founded by SPO Consulting GmbH, a consulting and software development company based out of Germany.\n\nThe parent company has proven they can deliver in a similar exercise, having previously built a successful cloud integration platform called PIP that will likely serve as the foundation for the blockchain framework.\n\nThe Unibright team has a blend of engineering, software development, and system integration skills with a number of members from SPO.\n\n\n\n# Who are Unibright advisors?\nUnibright’s advisors have a broad range of expertise in number of areas including consulting, business, engineering, blockchain, and marketing.\n\n- **Nicholas Merten** aka DataDash Crypto YT Channel, Speaker, Cryptocurrency Enthusiast. Passionate about business, sales, data, and finance\n- **Oleksii Matiiasevych** — Ethereum architect and smart contracts developer at Ambisafe, Inc\n- **Patrick Lowry** — Venture capitalist with 8 years of experience. PwC auditor and startup co-founder/CFO with an MBA, CPA license\n- **Klaus Tschirschke**— 30+ years of experience in business consulting, process development and SAP customizing\n- **Prof. Günter Schmidt** — 40+ years experience in mathematical modelling, abstracting and concretion\n- **Dr. Moritz Leon Gomm** — PhD, Master of Computer Science, 20+ years of experience in start-up advising and business development\n- **Tapio Reisinger **— 20+ years experience as Senior Consultant and Solution Architect in SAP Projects\n- **Philipp Schulz** — Long-term expert in digital currencies, crypto economics and successfully manages multiple ICOs processes.\n- **Gabor Kiss** — Bachelor Degree in Economics and Finance, and has substantial experience in ICOs PR & marketing\n\n# What partnerships and alliances do they have?\n\n\n\nUnibright has a number of partnerships including one with Microsoft Germany. The two companies have a smart contract coding Hackathon scheduled for May 28, 2018.\n\nUnibright’s partnership with Chainium will bring corporate customers to the blockchain provider and may serve as a model for future partnerships with other established blockchains.\n\n# Who are Unibright’s Potential Clients?\nUnibright’s parent company has an impressive list of existing clients, many of whom will be potential clients of Unibright.\n\n\n\n# How far along is Unibright development?\nUnibright has built a working MVP that is integrated with Ethereum. The company is currently working on the front-end tools and extending their existing MS Azure integration platform through adapters to specific blockchains. They expect to begin piloting their product in the Q4 of this year.\n\n# What are the token metrics and utility?\nTokens serve to incentivize behavior in the Unibright ecosystem. The following activities requires tokens:\n\n\n### Token Metrics:\n- Token: UBT (ERC20)\n- Total Supply: 150M UBT\n- Circulating Supply: 100M\n- ICO price: 1 UBT = $0.14\n- ICO hard cap: $13.5M\n\n### The tokens are distributed as follows:\n\n- Legal / token sale expenses (6%)\n- Team (locked up for 12 months) (6%)\n- Seed investors (9%)\n- Cold storage liquidity reserve (12%)\n- Public token sale (67%)\n\n### How Unibright plans to use the proceeds:\n- Platform development (50%)\n- Template Generation for Business Use-Cases (20%)\n- PR and marketing (15%)\n- Setting up partnerships in industry, bootstrapping pilot customers (15%)\n\n# Here’s why we love this project:\n- Unibright has an innovative and compelling solution to the issue of smart contract complexity.\n- Unibright’s parent company has a long and successful history of system integration for Fortune 500 companies .\n- The global market for system integration services is enormous.\n- The potential investment multiplier for Unibright’s hardcap is excellent.\n\n# Our Unibright rating: 8.2 / 10\n**Vision** — 9/10\n**Team** — 8/10\n**Advisors** — 8/10\n**Partnerships** — 8/10\n**Roadmap** — 8/10\n**Token utility** — 8/10\n\nFollow Blockgrade on Twitter @blockgrade\n\n\n\n# Follow us at www.twitter.com/blockgrade\nNote: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.\n\n_Harvard Business Review. “The Truth About Blockchain”, January-February, 2017.\nGartner. “Why Blockchain’s Smart Contracts Aren’t Ready for the Business World”, June 16, 2017.\nThe Wall Street Journal. “Amid Blockchain Hype, Few Deployments, Limited Interest, Survey Finds”, May 4, 2018.\nGrand View Research, “System Integration Market Worth $582.5 Billion By 2025”, February, 2017._",
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2018/05/19 11:00:09
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| title | fossbot voter comment |
| body | @therealwolf 's created platform smartsteem scammed my post this morning (mothersday) that was supposed to be for an Abused Childrens Charity. Dude literally stole from abused children that don't have mothers ... on mothersday. https://steemit.com/steemit/@prometheusrisen/beware-of-smartsteem-scam |
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}theblockgradepublished a new post: bigbom-is-using-blockchain-to-revolutionize-the-advertising-industry2018/05/18 09:44:12
theblockgradepublished a new post: bigbom-is-using-blockchain-to-revolutionize-the-advertising-industry
2018/05/18 09:44:12
| parent author | |
| parent permlink | cryptocurrency |
| author | theblockgrade |
| permlink | bigbom-is-using-blockchain-to-revolutionize-the-advertising-industry |
| title | Bigbom is using blockchain to revolutionize the advertising industry |
| body |  Bigbom is a brand new blockchain project building a fair, trustless global advertising platform based on blockchain and powered by smart contracts. - **Ticker:** BBO - **Circulating Supply:** 325M - **ICO price:** 1ETH = 20,000 BBO - **ICO hard cap:** 12,000 ETH or ≈ $8.5M - **Exchanges:** Idex, Kyber Network, Bancor. More TBA. # What we like about the project: - **Fair ICO** — Bigbom’s hardcap is just 12K ETH (around $8.5M) - **Successful parent company** — Adtop serves over 3 billion impressions a month for companies like Jockey and Baskin Robbins - **First live Tomochain DApp** — the flagship project of this burgeoning ecosystem - **Working product** — beta is live at bigbom.com - **Well connected** — Tomochain and Kyber Network founders advising - **Huge global market that is ready for disruption** # Why is this needed? Worldwide, growth in digital advertising is exploding, nearly matching the combined spending for offline ads such as TV, print, and billboards. By 2020, online advertising is expected to account for 50% of the global advertising market and total over $300 billion in spending (Magna, 2017).  Companies such as Google and Facebook have benefited significantly from the trend, as the two online giants attracted one-fifth of global advertising spending last year (The Guardian, 2017). However, despite the record growth in digital advertising, the industry has faced a number of struggles to modernize, and has been plagued with inefficiency and fraud. # Traditional advertising is failing to modernize Over the last few years, “programmatic advertising” or the use of automation in ad buying was hailed as the technological panacea for an industry that has been criticized as relying on outdated technology and manual procedures. Unfortunately, programmatic advertising has been plagued with a number of issues including poor implemention, fraud, and brand safety issues that has caused many in the industry to question its future. ### *“The past year has shown that the programmatic universe sacrifices quality at the expense of quantity. And marketers are fed up and no longer willing to put up with it.” — Adweek, 2018* # An industry in desperate need of transparency Advertising’s issues go a lot deeper than just a lack at innovation. It is well known that the industry is dominated by a handful of large middlemen who use deceptive practices to increase revenue at the expense of their paying customers. In 2017, a probe by the Association of National Advertisers, the trade group that represents large advertisers like Proctor & Gamble and General Motors, discovered a lack of transparency designed to benefit large advertising agencies that control a majority of media buys (Wall Street Journal, 2016). ### *“The report demonstrates that transparency continues to be a fundamental issue throughout our ecosystem.” — Bob Liodice, ANA CEO* Specifically, the report identified a number of nontransparent practices including: - **Advertising agencies mark up the costs of advertising by 30–90%** but hide this fact from advertisers by not disclosing the original purchase price. - **Media suppliers often provide rebates of up to 20% to agencies who rarely reveal or pass on the savings to their clients.** - Large advertising agencies often hold stakes in media suppliers and as a result, **pressure their media buyers into buying ads that may not benefit the advertiser.** ### *‘The study said “several former senior-level agency employees” reported that they “felt pressure” from senior executives to direct ad spending to media companies in which their own company had invested.’ — Wall Street Journal, 2016* The report concludes with a number of recommendations for the industry including, ‘use compliance reviews from independent auditors to **ensure that contractual terms are being met’.** What more independent an auditor than a distributed ledger? What better way to enforce contractual terms than with a trustless and transparent smart contract? # What’s Bigbom’s solution? One by one, industries that lack transparency and are controlled by large intermediaries are being disrupted with blockchain technology. The advertising industry appears to be next on this list. Bigbom wants to reform and revolutionize the advertising industry with its vision of a trustless and transparent global advertising platform based on blockchain and powered by smart contracts. The trustless, transparent nature of the Blockchain makes it an ideal fit for an industry that has been dogged by a lack of openness. Essentially, advertising buys are a contract between a buyer, an intermediary, and a seller. Blockchain smart contracts can automate this relationship in a transparent manner while cutting out the middleman.  # How does Bigbom work? In place of the current system where a handful of intermediaries control a majority of the activity, Bigbom imagines a vibrant marketplace that brings together all the participants in the digital advertising space — advertisers, service providers, content providers, advertising platforms — to interact in a fair and open manner using blockchain and smart contracts.  Unlike today where media buyers may have to individually interact with potentially hundreds of accounts and platforms, Bigbom will offer a single platform for ad buying that connects transparently to advertising platforms around the world, all managed within a single Bigbom account. Their recently released beta version shows integration with one popular digital advertising platform — Facebook. Bigbom has indicated that many more integrations will soon be released. Automated smart contracts between parties remove the need for intermediaries and inject transparency and accountability into the process. For each ad buy, a smart contract will be created with the relevant terms including start and stop date, price, and key performance indicators (KPIs). The smart contract will escrow the funds as BBO tokens and release the funds as payment as long as KPIs have been met. This assures that the buyer only pays if clearly-defined terms are met and the supplier will not have to deal with deliquent accounts. A truly innovative aspect of Bigbom is its use of machine learning and AI to optimize advertising campaigns. In place of what is mostly a manual process today, Bigbom’s algorithms will continually monitor the performance of advertisments, automatically allocating funding for the most effective ad placements. Machine learning will handle other advertising activities such as automating ad bidding and performing A/B testing to determine which ads are most likely to work for which audience. The Bigbom marketplace will introduce some much needed accountability into the advertising industry. Participants will be incentivized with BBO tokens to provide reviews and ratings for each interaction within the ecosystem. Industry members will be judged based on performance rather than market dominance and industry connections as currently is the practice in advertising. From a technological perspective, Bigbom will be developed as a DApp on top of both Ethereum and Tomochain blockchains. As Tomochain aims to solve the scalability problem within Ethereum, Bigbom expects to see significant performance gains and cost savings on this platform, although at this time they have not committed to one platform over another. # What are the benefits to the Bigbom? Advertising managed through smart contracts on the blockchain offer numerous benefits including: - Greater transparency and accountability - Enforceable, non-immutable, and auditable terms through smart contracts - A single account to manage all advertising transactions - Automation in place of manual processes - AI-based optimization of advertising effectiveness - Lower costs through disintermediation - Performance-based reviews and ratings of providers - Fast transaction speeds of < 2 seconds on Tomochain # What services will be enabled? Bigbom is building an automated advertising platform that offers the following: - A dashboard for managing advertising campaigns - API integration into common platforms - A bidding system to ensure the best possible price - An AI-driven optimization engine - A product and services marketplace - Payments through fiat or cryptocurrency # Who’s on the Bigbom team?  ## CEO — Vung Nguyen Nguyen is the founder of Adtop, a successful online advertising company that developed an advertising platform that serves over 3 billion impressions a month for companies like Jockey and Baskin Robbins. ## CTO — Tuan Co Prior to co-founding Bigbom, Co was a Director at Skylab Innogram where he oversaw the design and development of IoT projects. Co has an engineering background and has developed a number of scalable, high performance systems. ## CMO — Anh Huynh Huynh is a seasoned advertising veteran having previously managed marketing strategy and operations at Adtop. **Of the 9 team members listed on the website, 5 have engineering or development backgrounds.** # Who are Bigbom advisors? Bigbom has put together an all-star advisory team including: **Minh Chu** — Chu will support the integration of Bigbom into Tomochain and as co-founder, he should help strengthen the collaboration between the two companies.  **Victor Tran** — The relationship with Tran, co-founder of Kyber Network, is already paying dividends as Bigbom will be listed on the exchange in June.  ### Other advisors include: **David Nguyen Vu** — Dr. Vu is the President of the Vietnam Chamber of Commerce in Singapore and Chairman of Regulus Investment and Capital Holdings. **Niels Jense de Ruiter** — Niels is a marketing advisor and investor who provides ICO consulting services to companies. **David Carnell** — Carnell currently is Managing Partner at Clean Energy Capital Pty Ltd # What partnerships and alliances do they have? Bigbom and Tomochain have a formed a strategic partnership that will significantly benefit both parties. Bigbom will receive advisory and technical support from Tomochain as well as a steady stream of positive PR from being associated with one of most promising blockchain projects to come out of Asia this year. By providing technical support, Tomochain helps ensure the success of the first DApp on their platform and a positive start to the the Tomochain ecosystem.  The full list of Bigbom partners include:  - **Tomochain** — Advisory and technical support and hosting of their DApp - **Kyber Network** — A decentralized exchange that will list Bigbom in June - **Bancor** — Provides liquidity so that advertisers can pay with cryptocurrencies other than BBO - **Chainfund** — A strategic investor based out of Switzerland - **Regulus** — A strategic investor based out of Singapore - **Rev Law** — Providing legal counsel - **Cynopsis Solutions** — Providing AML and KYC support - **Haravan** — Digital marketing and ad buying firm with 15,000 members that will be one of the first users of Bigbom - **Blockchain Intelligence Group** — Strategic ICO consulting - **Zalo Business** — The business unit of the “Whatsapp of Vietnam”, Zalo # Competition There are a number of blockchain-based projects that are targeting aspects of the advertising industry such as ad blocking, custom browsers, and the use of smart contracts. However, none has the scope of Bigbom whose vision is to create an platform broad enought to tie together all the traditional market participants as they exist and function today. In fact, since these blockchain companies could offer their own services through the Bigbom ecosystem, they could be seen as complementary to what Bigbom is developing. # How far along is Bigbom development? Bigbom has released a beta version of their platform with integration into Facebook. Smart contracts and additional integrations are expected later this year with a full release of their product in early 2019.  # What are the token metrics and utility? BBO tokens are used to pay for advertising buys along with other products and services in the Bigbom ecosystem. Bigbom will also offer credit card payments that will be automatically converted into BBO tokens for a small fee. In addition, the partnership with Bancor will allow participants to utilize a variety of cryptocurrencies that can be exchanged for BBO tokens as needed. Token are also used to reward ecosystem participants for providing ratings and reviews.  ### Token Metrics: - Circulating Supply: 325M - Total supply: 2B - ICO price: 1 ETH = 20000 BBO - ICO hard cap: 12,000 ETH or ≈ $8.5M - Lock up — Core team has a 2 year lockup ### The tokens are distributed as follows: - Token Sale (16.25%) - Founders & Staff (13%) - Network Growth (30%) - Advisors & Bounty (9%) - Reserved (31.75%) ### How Bigbom plans to use the proceeds: - Product Research & Development (45%) - Business Development (16%) - Communication and Marketing (26%) - Administration & Operation (10%) - Legal (3%) # Here’s why we love this project: - Bigbom has a global vision to reform an industry that is ripe for disruption. - The Bigbom team has a track record of success and technological innovation in the advertising industry. - As the first Tomochain DApp, Bigbom is poised to benefit from their relationship with this rising blockchain star. - The potential investment multiplier for Bigbom’s small hardcap is excellent. # Our Bigbom rating: 9.1/ 10 **Vision** — 9/10 **Team** — 8/10 **Advisors** — 10/10 **Partnerships** — 10/10 **Roadmap** — 9/10 **Token utility** — 9/10  # Follow us at www.twitter.com/blockgrade Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice. |
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"body": "\n\nBigbom is a brand new blockchain project building a fair, trustless global advertising platform based on blockchain and powered by smart contracts.\n\n- **Ticker:** BBO\n- **Circulating Supply:** 325M\n- **ICO price:** 1ETH = 20,000 BBO\n- **ICO hard cap:** 12,000 ETH or ≈ $8.5M\n- **Exchanges:** Idex, Kyber Network, Bancor. More TBA.\n\n# What we like about the project:\n\n- **Fair ICO** — Bigbom’s hardcap is just 12K ETH (around $8.5M)\n- **Successful parent company** — Adtop serves over 3 billion impressions a month for companies like Jockey and Baskin Robbins\n- **First live Tomochain DApp** — the flagship project of this burgeoning ecosystem\n- **Working product** — beta is live at bigbom.com\n- **Well connected** — Tomochain and Kyber Network founders advising\n- **Huge global market that is ready for disruption**\n\n# Why is this needed?\nWorldwide, growth in digital advertising is exploding, nearly matching the combined spending for offline ads such as TV, print, and billboards.\n\nBy 2020, online advertising is expected to account for 50% of the global advertising market and total over $300 billion in spending (Magna, 2017).\n\n\n\nCompanies such as Google and Facebook have benefited significantly from the trend, as the two online giants attracted one-fifth of global advertising spending last year (The Guardian, 2017).\n\nHowever, despite the record growth in digital advertising, the industry has faced a number of struggles to modernize, and has been plagued with inefficiency and fraud.\n\n# Traditional advertising is failing to modernize\nOver the last few years, “programmatic advertising” or the use of automation in ad buying was hailed as the technological panacea for an industry that has been criticized as relying on outdated technology and manual procedures. Unfortunately, programmatic advertising has been plagued with a number of issues including poor implemention, fraud, and brand safety issues that has caused many in the industry to question its future.\n\n### *“The past year has shown that the programmatic universe sacrifices quality at the expense of quantity. And marketers are fed up and no longer willing to put up with it.” — Adweek, 2018*\n\n# An industry in desperate need of transparency\nAdvertising’s issues go a lot deeper than just a lack at innovation. It is well known that the industry is dominated by a handful of large middlemen who use deceptive practices to increase revenue at the expense of their paying customers.\n\nIn 2017, a probe by the Association of National Advertisers, the trade group that represents large advertisers like Proctor & Gamble and General Motors, discovered a lack of transparency designed to benefit large advertising agencies that control a majority of media buys (Wall Street Journal, 2016).\n\n### *“The report demonstrates that transparency continues to be a fundamental issue throughout our ecosystem.” — Bob Liodice, ANA CEO*\n\nSpecifically, the report identified a number of nontransparent practices including:\n\n- **Advertising agencies mark up the costs of advertising by 30–90%** but hide this fact from advertisers by not disclosing the original purchase price.\n- **Media suppliers often provide rebates of up to 20% to agencies who rarely reveal or pass on the savings to their clients.**\n- Large advertising agencies often hold stakes in media suppliers and as a result, **pressure their media buyers into buying ads that may not benefit the advertiser.**\n\n### *‘The study said “several former senior-level agency employees” reported that they “felt pressure” from senior executives to direct ad spending to media companies in which their own company had invested.’ — Wall Street Journal, 2016*\n\nThe report concludes with a number of recommendations for the industry including, ‘use compliance reviews from independent auditors to **ensure that contractual terms are being met’.**\n\nWhat more independent an auditor than a distributed ledger? What better way to enforce contractual terms than with a trustless and transparent smart contract?\n\n# What’s Bigbom’s solution?\nOne by one, industries that lack transparency and are controlled by large intermediaries are being disrupted with blockchain technology.\n\nThe advertising industry appears to be next on this list.\n\nBigbom wants to reform and revolutionize the advertising industry with its vision of a trustless and transparent global advertising platform based on blockchain and powered by smart contracts.\n\nThe trustless, transparent nature of the Blockchain makes it an ideal fit for an industry that has been dogged by a lack of openness. Essentially, advertising buys are a contract between a buyer, an intermediary, and a seller. Blockchain smart contracts can automate this relationship in a transparent manner while cutting out the middleman.\n\n\n\n# How does Bigbom work?\nIn place of the current system where a handful of intermediaries control a majority of the activity, Bigbom imagines a vibrant marketplace that brings together all the participants in the digital advertising space — advertisers, service providers, content providers, advertising platforms — to interact in a fair and open manner using blockchain and smart contracts.\n\n\n\nUnlike today where media buyers may have to individually interact with potentially hundreds of accounts and platforms, Bigbom will offer a single platform for ad buying that connects transparently to advertising platforms around the world, all managed within a single Bigbom account. Their recently released beta version shows integration with one popular digital advertising platform — Facebook. Bigbom has indicated that many more integrations will soon be released.\n\nAutomated smart contracts between parties remove the need for intermediaries and inject transparency and accountability into the process. For each ad buy, a smart contract will be created with the relevant terms including start and stop date, price, and key performance indicators (KPIs). The smart contract will escrow the funds as BBO tokens and release the funds as payment as long as KPIs have been met. This assures that the buyer only pays if clearly-defined terms are met and the supplier will not have to deal with deliquent accounts.\n\nA truly innovative aspect of Bigbom is its use of machine learning and AI to optimize advertising campaigns. In place of what is mostly a manual process today, Bigbom’s algorithms will continually monitor the performance of advertisments, automatically allocating funding for the most effective ad placements. Machine learning will handle other advertising activities such as automating ad bidding and performing A/B testing to determine which ads are most likely to work for which audience.\n\nThe Bigbom marketplace will introduce some much needed accountability into the advertising industry. Participants will be incentivized with BBO tokens to provide reviews and ratings for each interaction within the ecosystem. Industry members will be judged based on performance rather than market dominance and industry connections as currently is the practice in advertising.\n\nFrom a technological perspective, Bigbom will be developed as a DApp on top of both Ethereum and Tomochain blockchains. As Tomochain aims to solve the scalability problem within Ethereum, Bigbom expects to see significant performance gains and cost savings on this platform, although at this time they have not committed to one platform over another.\n\n# What are the benefits to the Bigbom?\nAdvertising managed through smart contracts on the blockchain offer numerous benefits including:\n\n- Greater transparency and accountability\n- Enforceable, non-immutable, and auditable terms through smart contracts\n- A single account to manage all advertising transactions\n- Automation in place of manual processes\n- AI-based optimization of advertising effectiveness\n- Lower costs through disintermediation\n- Performance-based reviews and ratings of providers\n- Fast transaction speeds of < 2 seconds on Tomochain\n\n# What services will be enabled?\nBigbom is building an automated advertising platform that offers the following:\n\n- A dashboard for managing advertising campaigns\n- API integration into common platforms\n- A bidding system to ensure the best possible price\n- An AI-driven optimization engine\n- A product and services marketplace\n- Payments through fiat or cryptocurrency\n\n# Who’s on the Bigbom team?\n\n\n## CEO — Vung Nguyen\nNguyen is the founder of Adtop, a successful online advertising company that developed an advertising platform that serves over 3 billion impressions a month for companies like Jockey and Baskin Robbins.\n\n## CTO — Tuan Co\nPrior to co-founding Bigbom, Co was a Director at Skylab Innogram where he oversaw the design and development of IoT projects. Co has an engineering background and has developed a number of scalable, high performance systems.\n\n## CMO — Anh Huynh\nHuynh is a seasoned advertising veteran having previously managed marketing strategy and operations at Adtop.\n\n**Of the 9 team members listed on the website, 5 have engineering or development backgrounds.**\n\n# Who are Bigbom advisors?\nBigbom has put together an all-star advisory team including:\n\n**Minh Chu** — Chu will support the integration of Bigbom into Tomochain and as co-founder, he should help strengthen the collaboration between the two companies.\n\n\n**Victor Tran** — The relationship with Tran, co-founder of Kyber Network, is already paying dividends as Bigbom will be listed on the exchange in June.\n\n\n### Other advisors include:\n\n**David Nguyen Vu** — Dr. Vu is the President of the Vietnam Chamber of Commerce in Singapore and Chairman of Regulus Investment and Capital Holdings.\n**Niels Jense de Ruiter** — Niels is a marketing advisor and investor who provides ICO consulting services to companies.\n**David Carnell** — Carnell currently is Managing Partner at Clean Energy Capital Pty Ltd\n\n# What partnerships and alliances do they have?\nBigbom and Tomochain have a formed a strategic partnership that will significantly benefit both parties. Bigbom will receive advisory and technical support from Tomochain as well as a steady stream of positive PR from being associated with one of most promising blockchain projects to come out of Asia this year. By providing technical support, Tomochain helps ensure the success of the first DApp on their platform and a positive start to the the Tomochain ecosystem.\n\n\n\nThe full list of Bigbom partners include:\n\n\n\n- **Tomochain** — Advisory and technical support and hosting of their DApp\n- **Kyber Network** — A decentralized exchange that will list Bigbom in June\n- **Bancor** — Provides liquidity so that advertisers can pay with cryptocurrencies other than BBO\n- **Chainfund** — A strategic investor based out of Switzerland\n- **Regulus** — A strategic investor based out of Singapore\n- **Rev Law** — Providing legal counsel\n- **Cynopsis Solutions** — Providing AML and KYC support\n- **Haravan** — Digital marketing and ad buying firm with 15,000 members that will be one of the first users of Bigbom\n- **Blockchain Intelligence Group** — Strategic ICO consulting\n- **Zalo Business** — The business unit of the “Whatsapp of Vietnam”, Zalo\n\n# Competition\n\nThere are a number of blockchain-based projects that are targeting aspects of the advertising industry such as ad blocking, custom browsers, and the use of smart contracts. However, none has the scope of Bigbom whose vision is to create an platform broad enought to tie together all the traditional market participants as they exist and function today. In fact, since these blockchain companies could offer their own services through the Bigbom ecosystem, they could be seen as complementary to what Bigbom is developing.\n\n# How far along is Bigbom development?\nBigbom has released a beta version of their platform with integration into Facebook. Smart contracts and additional integrations are expected later this year with a full release of their product in early 2019.\n\n\n\n# What are the token metrics and utility?\nBBO tokens are used to pay for advertising buys along with other products and services in the Bigbom ecosystem. Bigbom will also offer credit card payments that will be automatically converted into BBO tokens for a small fee. In addition, the partnership with Bancor will allow participants to utilize a variety of cryptocurrencies that can be exchanged for BBO tokens as needed.\n\nToken are also used to reward ecosystem participants for providing ratings and reviews.\n\n\n\n### Token Metrics:\n\n- Circulating Supply: 325M\n- Total supply: 2B\n- ICO price: 1 ETH = 20000 BBO\n- ICO hard cap: 12,000 ETH or ≈ $8.5M\n- Lock up — Core team has a 2 year lockup\n\n### The tokens are distributed as follows:\n\n- Token Sale (16.25%)\n- Founders & Staff (13%)\n- Network Growth (30%)\n- Advisors & Bounty (9%)\n- Reserved (31.75%)\n\n### How Bigbom plans to use the proceeds:\n\n- Product Research & Development (45%)\n- Business Development (16%)\n- Communication and Marketing (26%)\n- Administration & Operation (10%)\n- Legal (3%)\n\n# Here’s why we love this project:\n- Bigbom has a global vision to reform an industry that is ripe for disruption.\n- The Bigbom team has a track record of success and technological innovation in the advertising industry.\n- As the first Tomochain DApp, Bigbom is poised to benefit from their relationship with this rising blockchain star.\n- The potential investment multiplier for Bigbom’s small hardcap is excellent.\n\n# Our Bigbom rating: 9.1/ 10\n**Vision** — 9/10\n**Team** — 8/10\n**Advisors** — 10/10\n**Partnerships** — 10/10\n**Roadmap** — 9/10\n**Token utility** — 9/10\n\n\n\n# Follow us at www.twitter.com/blockgrade\nNote: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.",
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}2018/05/18 09:43:24
2018/05/18 09:43:24
| voter | moby-dick |
| author | theblockgrade |
| permlink | why-millennials-are-using-cryptocurrencies-like-auctus-instead-of-traditional-retirement-funds |
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}2018/05/18 09:40:48
2018/05/18 09:40:48
| voter | pinoy |
| author | theblockgrade |
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}wanumaupvoted (100.00%) @theblockgrade / tomochain-is-a-brand-new-blockchain-with-killer-potential2018/05/18 09:36:09
wanumaupvoted (100.00%) @theblockgrade / tomochain-is-a-brand-new-blockchain-with-killer-potential
2018/05/18 09:36:09
| voter | wanuma |
| author | theblockgrade |
| permlink | tomochain-is-a-brand-new-blockchain-with-killer-potential |
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}2018/05/18 09:06:27
2018/05/18 09:06:27
| parent author | |
| parent permlink | cryptocurrency |
| author | theblockgrade |
| permlink | why-millennials-are-using-cryptocurrencies-like-auctus-instead-of-traditional-retirement-funds |
| title | Why Millennials Are Using Cryptocurrencies Like Auctus Instead of Traditional Retirement Funds |
| body |  Auctus is set to shake up the pension industry with a global retirement platform that integrates traditional and crypto investments on the blockchain. - Ticker: AUC - Circulating Supply: 16M - ICO price: 1ETH = 2000 AUC - ICO hard cap: $3M - Current marketcap: $6M - Exchanges: Idex, more to follow # What we like about the project: - **Fair ICO** — Auctus raised just 3 million dollars from investors. - **Well connected** — Auctus has just hit the market yet is already working with top tier blockchain projects such as Bluzelle, 0x, Request Network, Aragon, Ethfinex, Ripio Credit Network, and more. - **Market Cap vs Market Size** — Auctus is currently trading at just a $6 million cap and is targeting a $41 trillion worldwide market, much larger than markets targeted by the majority of ICOs today. - **First mover advantage** — Auctus is first- to-market for blockchain-based retirement planning. - **Opportunity** — Retirement investments is one of the few financial sectors that has yet to be disrupted with blockchain. - **Small hardcap** — The potential investment multiplier with Auctus is outstanding in light of their $6M hardcap. # Why is this needed? Retirement investment assets total a staggering $41 trillion globally with the US accounting for over 61% (Willis Towers Watson, 2018). Pension asset growth rates over the last year are in double digits for many countries and are expected to climb due to worldwide economic growth and increasing global prosperity.  However, despite a record number of assets in pension plans worldwide, there is a global funding gap that has many countries headed toward a financial crisis. It is estimated that the world’s six largest pension systems — the US, UK, Japan, Netherlands, Canada and Australia — will face a $224 trillion funding gap by 2050 (World Economic Forum, 2017). Low interest rates and an aging population are just two of the reasons that many countries will be challenged to honor basic retirement income commitments to their citizens. ### *“We are staring at a time bomb” — Amin Rajan, chief executive of Create Research (Financial Times, 2017)* <br> However, the growing funding gap only compounds existing problems with an industry that is plagued by corruption, mismanagement, outdated technology and a lack of transparency. Consumers often have very little insight into the actual costs of pension plans and hidden charges have been found to account for up to a third of a plan’s value in some cases. ### *“The shocking news is that we have uncovered more than 100 types of costs and charges being routinely applied to pensions and investments, many of which are being hidden from the consumer, which is just plain wrong. ” — Andy Agathangelou, founding chair of the Transparency Task Force* <br> One study indicated that fradulent activity was reported in every 1 of 5 pension plans (Financial Times, 2012). More recently it was found that U.S companies have settled cases for almost $400M on charges of excessive fees and poor investment management (Financial Times, 2017). The Willis Towers Watson report also indicates the retirement industy’s failure to refresh outdated technology and systems leading to a lack of innovation and a lack of access for less privileged individuals. # What’s the solution? Blockchain holds great promise for reforming outdated and failing retirement systems. Blockchain is already disrupting a number of financial industries and it is likely that retirement management planning won’t be left untouched. At its core, a pension plan is a contract describing a financial relationship between two parties. Blockchain smart contracts can automate this relationship in a manner that is more transparent and costs less. Recording the contract on a distributed ledger ensures greater accountability and openness, something that is likely to reduce corruption, eliminate hidden fees, and improve management.  Auctus wants to renew and revitalize the worldwide retirement investment industry with a global platform based on blockchain that encourages transparency, openess, accountability, and inclusiveness. # How does Auctus work? With plans to disrupt an industry not known for innovation, Auctus’ ideas for retirement planning are nothing short of revolutionary. In place of centrally-managed and often opaque pension plans, Auctus is introducing decentralized and community-managed retirement investing based on the blockchain. Users will create retirement portfolios based on traditional and crypto assets managed through smart contract automation that removes intermediaries and lowers costs. Stored on a distributed ledger, pension plans will be transparent, auditable, and immutable, meaning that a corporation or government agency won’t be able to raid the plan in the event of a funding shortfall.  Smart contracts are only the beginning for Auctus. In an industry that too often rewards fund managers based on portfolio size instead of performance, the AUC token will be used to incentivize successful investment advice. Users sign up for either robo or human advisory services and only pay for advice that leads to positive returns. This merit-based system should ensure that the best advisors rise to the top and are rewarded for their service to the community of investors. Auctus also envisions a marketplace built on the blockchain where users can choose from a global offering of products and services. Imagine an app store of dApps, financial services, and widgets paid for in AUC tokens all designed to improve the retirement investment experience and a user’s financial return. Unlike many blockchain companies based on a white paper idea, Auctus is bringing a variety of services to users within a short time frame by partnering with other blockchain companies. Users will be able to deposit fiat or cryptocurrencies, manage assets, trade cryptocurrencies, access liquidity, borrow and loan assets, and participate in community management through plug and play partnerships with Request Network, 0x, Bancor Network, Ripio Credit Network, and Aragon, just to name a few. # What are the benefits to the Auctus? Retirement investment plans managed through smart contracts on the blockchain offer numerous benefits including: - Balancing of traditional investments with cryptoassets - Cryptocurrency trading and lending - Transparency through publicly available smart contracts - Greater data security through decentralization - Lower costs through disintermediation - Enforceable and non-immutable terms through smart contracts - Performance-based advisory services # What services will be enabled? Auctus is building a full-service retirement platform offering the following: - A dashboard for managing investments including third party plans - Traditional and crypto asset investments and management - Portfolio analytics and optimization - Human and robo advisory services - Financial product and services marketplace - Cryptocurrency trading and lending # Who’s on the Auctus team?  ### CEO — Raphael Schmid Vantroost Vantroost studied economics at Yale and has a financial services background that includes positions with UBS Investment Bank and Deutsche Bank. He also founded Swissline Real Estate. ### CTO — Daniel Duarte Duarte has a software engineering background and led various blockchain initiatives at DTI Digital. ### Head of Strategy — Vinicius Melo Melo background includes retirement fund experience, having worked at one of Brazil’s main pension fund companies (FUNPRESP-JUD). **The website lists 12 team members several of which have engineering backgrounds.** # Who are Auctus advisors? The Auctus advisory team has significant finance, legal, and technology experience and includes: - **Martijn van Eck** — Head of Pension at Holland Fintech, co-founder of Symetrics, a European FinTech 50 actuarial and risk analytics company. - **Mitja Pirc** — Partner at Cofound.it, responsible for advising startups and giving insight in new business models, blockchain, data and analytics. - **Philippe Castonguay **— Former relationship manager for developers at 0x. Focused on cryptocurrency development and collaborations. - **Eric Paley** — Partner at Nixon Peabody and member of the Employee Benefits team. J.D. from Syracuse University College Law. - **Steven Clark** — Partner at Horizon Investments, Associate Professor of Finance at UNC Charlotte. Ph.D. in Mathematical Sciences and Economics. - **Adam Greetis** — Partner at Seyfarth Shaw, member of Employee Benefits and Executive Compensation Department. J.D. from Chicago-Kent College of Law. # What partnerships and alliances do they have? Auctus has an impressive collaboration effort focused on integrating decentralized components from other companies into their platform. This provides Auctus with an ecosystem of leading blockchain companies will vastly expedite their product release schedule.  - **Aragon** — Allows Auctus to create a transparent and decentralized governance organization - **0x** — the protocol for trading AUC into a portfolio of crypto assets - **Ethfinex** — DEX for token trading - **Amadeus** — liquidity for dApptoken trading - **Melonport **— crypto asset management - **Ripio** — lending of crypto portfolios - **Request Network** — monthly deposit payments - **Bluzelle** — decentralized data storage - **MakerDAO** — DAI token stability for retirement portfolios - **Bancor** — Liquidity for AUC token holders # How far along is Auctus development? Auctus is deep into development with an active Github repository and a recently released testnet version of their MVP. The MVP provides an early preview of human and robo advisory services and management of traditional and crypto portfolios. Their mainnet beta version with real AUC tokens is planned for release in Q3 2018.  # What are the token metrics and utility? AUC tokens are used to pay for access to the platform and other financial products and services. Financial advisors are rewarded with tokens for successful advice and developers earn tokens for apps sold in the marketplace.  ### Token Metrics: - Circulating Supply: 16M - Total supply: 67M - ICO price: 1ETH = 2000 AUC - ICO hard cap: $3M - Average bonus private+presale: 13.6% - Lock up — Core team has 2 years vesting, with a 6-month cliff. ### The tokens are distributed as follows: - 51% Public Contributors - 2% Bounties - 9% Partnerships and Advisory - 18% Future Stakeholders - 20% Core Team ### How Auctus plans to use the proceeds: - Product Development (42%) - Business Development (28%) - Communication and Marketing (18%) - Other Expenses (12%) # Here’s why we love this project: - Auctus has a grand vision for disrupting an industry ripe for innovation - If Auctus only captures a small percentage of this market, they will be incredibly successful. - Auctus has an aggressive partnership plan that has plugged them into a broad blockchain-based financial ecosystem that should help cement their leadership role. - The potential investment multiplier for a $3 million hardcap is outstanding. # Our Auctus rating: 9/ 10 Vision — 10/10 Team — 8/10 Advisors — 8/10 Partnerships — 10/10 Roadmap — 9/10 Token utility — 9/10  # Follow us at www.twitter.com/blockgrade *Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.* |
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"title": "Why Millennials Are Using Cryptocurrencies Like Auctus Instead of Traditional Retirement Funds",
"body": "\n\nAuctus is set to shake up the pension industry with a global retirement platform that integrates traditional and crypto investments on the blockchain.\n\n- Ticker: AUC\n- Circulating Supply: 16M\n- ICO price: 1ETH = 2000 AUC\n- ICO hard cap: $3M\n- Current marketcap: $6M\n- Exchanges: Idex, more to follow\n\n# What we like about the project:\n\n- **Fair ICO** — Auctus raised just 3 million dollars from investors.\n- **Well connected** — Auctus has just hit the market yet is already working with top tier blockchain projects such as Bluzelle, 0x, Request Network, Aragon, Ethfinex, Ripio Credit Network, and more.\n- **Market Cap vs Market Size** — Auctus is currently trading at just a $6 million cap and is targeting a $41 trillion worldwide market, much larger than markets targeted by the majority of ICOs today.\n- **First mover advantage** — Auctus is first- to-market for blockchain-based retirement planning.\n- **Opportunity** — Retirement investments is one of the few financial sectors that has yet to be disrupted with blockchain.\n- **Small hardcap** — The potential investment multiplier with Auctus is outstanding in light of their $6M hardcap.\n\n# Why is this needed?\n\nRetirement investment assets total a staggering $41 trillion globally with the US accounting for over 61% (Willis Towers Watson, 2018). Pension asset growth rates over the last year are in double digits for many countries and are expected to climb due to worldwide economic growth and increasing global prosperity.\n\n\n\nHowever, despite a record number of assets in pension plans worldwide, there is a global funding gap that has many countries headed toward a financial crisis. It is estimated that the world’s six largest pension systems — the US, UK, Japan, Netherlands, Canada and Australia — will face a $224 trillion funding gap by 2050 (World Economic Forum, 2017). Low interest rates and an aging population are just two of the reasons that many countries will be challenged to honor basic retirement income commitments to their citizens.\n\n### *“We are staring at a time bomb” — Amin Rajan, chief executive of Create Research (Financial Times, 2017)*\n<br>\nHowever, the growing funding gap only compounds existing problems with an industry that is plagued by corruption, mismanagement, outdated technology and a lack of transparency. Consumers often have very little insight into the actual costs of pension plans and hidden charges have been found to account for up to a third of a plan’s value in some cases.\n\n### *“The shocking news is that we have uncovered more than 100 types of costs and charges being routinely applied to pensions and investments, many of which are being hidden from the consumer, which is just plain wrong. ” — Andy Agathangelou, founding chair of the Transparency Task Force*\n<br>\nOne study indicated that fradulent activity was reported in every 1 of 5 pension plans (Financial Times, 2012). More recently it was found that U.S companies have settled cases for almost $400M on charges of excessive fees and poor investment management (Financial Times, 2017).\n\nThe Willis Towers Watson report also indicates the retirement industy’s failure to refresh outdated technology and systems leading to a lack of innovation and a lack of access for less privileged individuals.\n\n# What’s the solution?\n\nBlockchain holds great promise for reforming outdated and failing retirement systems.\n\nBlockchain is already disrupting a number of financial industries and it is likely that retirement management planning won’t be left untouched.\n\nAt its core, a pension plan is a contract describing a financial relationship between two parties. Blockchain smart contracts can automate this relationship in a manner that is more transparent and costs less.\n\nRecording the contract on a distributed ledger ensures greater accountability and openness, something that is likely to reduce corruption, eliminate hidden fees, and improve management.\n\n\n\nAuctus wants to renew and revitalize the worldwide retirement investment industry with a global platform based on blockchain that encourages transparency, openess, accountability, and inclusiveness.\n\n# How does Auctus work?\n\nWith plans to disrupt an industry not known for innovation, Auctus’ ideas for retirement planning are nothing short of revolutionary. In place of centrally-managed and often opaque pension plans, Auctus is introducing decentralized and community-managed retirement investing based on the blockchain.\n\nUsers will create retirement portfolios based on traditional and crypto assets managed through smart contract automation that removes intermediaries and lowers costs. Stored on a distributed ledger, pension plans will be transparent, auditable, and immutable, meaning that a corporation or government agency won’t be able to raid the plan in the event of a funding shortfall.\n\n\n\nSmart contracts are only the beginning for Auctus. In an industry that too often rewards fund managers based on portfolio size instead of performance, the AUC token will be used to incentivize successful investment advice.\n\nUsers sign up for either robo or human advisory services and only pay for advice that leads to positive returns. This merit-based system should ensure that the best advisors rise to the top and are rewarded for their service to the community of investors.\n\nAuctus also envisions a marketplace built on the blockchain where users can choose from a global offering of products and services. Imagine an app store of dApps, financial services, and widgets paid for in AUC tokens all designed to improve the retirement investment experience and a user’s financial return.\n\nUnlike many blockchain companies based on a white paper idea, Auctus is bringing a variety of services to users within a short time frame by partnering with other blockchain companies.\n\nUsers will be able to deposit fiat or cryptocurrencies, manage assets, trade cryptocurrencies, access liquidity, borrow and loan assets, and participate in community management through plug and play partnerships with Request Network, 0x, Bancor Network, Ripio Credit Network, and Aragon, just to name a few.\n\n# What are the benefits to the Auctus?\n\nRetirement investment plans managed through smart contracts on the blockchain offer numerous benefits including:\n\n- Balancing of traditional investments with cryptoassets\n- Cryptocurrency trading and lending\n- Transparency through publicly available smart contracts\n- Greater data security through decentralization\n- Lower costs through disintermediation\n- Enforceable and non-immutable terms through smart contracts\n- Performance-based advisory services\n\n# What services will be enabled?\n\nAuctus is building a full-service retirement platform offering the following:\n\n- A dashboard for managing investments including third party plans\n- Traditional and crypto asset investments and management\n- Portfolio analytics and optimization\n- Human and robo advisory services\n- Financial product and services marketplace\n- Cryptocurrency trading and lending\n\n# Who’s on the Auctus team?\n\n\n\n### CEO — Raphael Schmid Vantroost\nVantroost studied economics at Yale and has a financial services background that includes positions with UBS Investment Bank and Deutsche Bank. He also founded Swissline Real Estate.\n\n### CTO — Daniel Duarte\nDuarte has a software engineering background and led various blockchain initiatives at DTI Digital.\n\n### Head of Strategy — Vinicius Melo\nMelo background includes retirement fund experience, having worked at one of Brazil’s main pension fund companies (FUNPRESP-JUD).\n\n**The website lists 12 team members several of which have engineering backgrounds.**\n\n# Who are Auctus advisors?\n\nThe Auctus advisory team has significant finance, legal, and technology experience and includes:\n\n- **Martijn van Eck** — Head of Pension at Holland Fintech, co-founder of Symetrics, a European FinTech 50 actuarial and risk analytics company.\n- **Mitja Pirc** — Partner at Cofound.it, responsible for advising startups and giving insight in new business models, blockchain, data and analytics.\n- **Philippe Castonguay **— Former relationship manager for developers at 0x. Focused on cryptocurrency development and collaborations.\n- **Eric Paley** — Partner at Nixon Peabody and member of the Employee Benefits team. J.D. from Syracuse University College Law.\n- **Steven Clark** — Partner at Horizon Investments, Associate Professor of Finance at UNC Charlotte. Ph.D. in Mathematical Sciences and Economics.\n- **Adam Greetis** — Partner at Seyfarth Shaw, member of Employee Benefits and Executive Compensation Department. J.D. from Chicago-Kent College of Law.\n\n# What partnerships and alliances do they have?\n\nAuctus has an impressive collaboration effort focused on integrating decentralized components from other companies into their platform.\n\nThis provides Auctus with an ecosystem of leading blockchain companies will vastly expedite their product release schedule.\n\n\n\n- **Aragon** — Allows Auctus to create a transparent and decentralized governance organization\n- **0x** — the protocol for trading AUC into a portfolio of crypto assets\n- **Ethfinex** — DEX for token trading\n- **Amadeus** — liquidity for dApptoken trading\n- **Melonport **— crypto asset management\n- **Ripio** — lending of crypto portfolios\n- **Request Network** — monthly deposit payments\n- **Bluzelle** — decentralized data storage\n- **MakerDAO** — DAI token stability for retirement portfolios\n- **Bancor** — Liquidity for AUC token holders\n\n# How far along is Auctus development?\n\nAuctus is deep into development with an active Github repository and a recently released testnet version of their MVP. The MVP provides an early preview of human and robo advisory services and management of traditional and crypto portfolios.\n\nTheir mainnet beta version with real AUC tokens is planned for release in Q3 2018.\n\n\n\n# What are the token metrics and utility?\n\nAUC tokens are used to pay for access to the platform and other financial products and services. Financial advisors are rewarded with tokens for successful advice and developers earn tokens for apps sold in the marketplace.\n\n\n\n### Token Metrics:\n\n- Circulating Supply: 16M\n- Total supply: 67M\n- ICO price: 1ETH = 2000 AUC\n- ICO hard cap: $3M\n- Average bonus private+presale: 13.6%\n- Lock up — Core team has 2 years vesting, with a 6-month cliff.\n\n### The tokens are distributed as follows:\n\n- 51% Public Contributors\n- 2% Bounties\n- 9% Partnerships and Advisory\n- 18% Future Stakeholders\n- 20% Core Team\n\n### How Auctus plans to use the proceeds:\n\n- Product Development (42%)\n- Business Development (28%)\n- Communication and Marketing (18%)\n- Other Expenses (12%)\n\n# Here’s why we love this project:\n\n- Auctus has a grand vision for disrupting an industry ripe for innovation\n- If Auctus only captures a small percentage of this market, they will be incredibly successful.\n- Auctus has an aggressive partnership plan that has plugged them into a broad blockchain-based financial ecosystem that should help cement their leadership role.\n- The potential investment multiplier for a $3 million hardcap is outstanding.\n\n# Our Auctus rating: 9/ 10\nVision — 10/10\nTeam — 8/10\nAdvisors — 8/10\nPartnerships — 10/10\nRoadmap — 9/10\nToken utility — 9/10\n\n\n\n# Follow us at www.twitter.com/blockgrade\n*Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.*",
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}renejupvoted (100.00%) @theblockgrade / wanchain-the-future-of-finance2018/05/18 09:05:51
renejupvoted (100.00%) @theblockgrade / wanchain-the-future-of-finance
2018/05/18 09:05:51
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}thetroublenotesupvoted (2.00%) @theblockgrade / wanchain-the-future-of-finance2018/05/18 08:58:12
thetroublenotesupvoted (2.00%) @theblockgrade / wanchain-the-future-of-finance
2018/05/18 08:58:12
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2018/05/18 08:50:42
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| permlink | origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry |
| title | OriginTrail is bringing blockchain to the $64 trillion supply chain industry |
| body | @@ -1,31 +1,141 @@ -https://vimeo.com/233912879 +!%5B1_ENwHWvTi3_ZtU0UHmlthrQ.jpeg%5D(https://steemitimages.com/DQmUr7h38ANNkFCzw4MRvvfepmEwbsAd1QvYdxVVWHg21Hj/1_ENwHWvTi3_ZtU0UHmlthrQ.jpeg) %0A%0AOr @@ -512,24 +512,53 @@ remendous.%0A%0A +https://vimeo.com/233912879%0A%0A # What we li |
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}2018/05/18 08:50:06
2018/05/18 08:50:06
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| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://medium.com/@blockgrade/origintrail-the-blockgrade-analysis-7a76bce066a5 |
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2018/05/18 08:49:57
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2018/05/18 08:49:00
| parent author | |
| parent permlink | cryptocurrency |
| author | theblockgrade |
| permlink | origintrail-is-bringing-blockchain-to-the-usd64-trillion-supply-chain-industry |
| title | OriginTrail is bringing blockchain to the $64 trillion supply chain industry |
| body | https://vimeo.com/233912879 OriginTrail is the first and only blockchain-agnostic data-sharing protocol built for supply chains, providing much needed transparency and data integrity for this $64 trillion dollar industry. Able to connect directly with legacy systems already in place, as well as the multitude of blockchain platforms and dApps on the market, the potential scope of this project is tremendous. # What we like about the project: - Interoperable — works with legacy systems and other blockchains - Experienced and dedicated team — working on the project since 2013 - Clear use case and existing commercial clients - Well connected — Enterprise Ethereum Alliance, Consensys, and more - Presence in Europe, America, and China - Under-the-radar, small cap compared to competitors # Why is this needed? The global supply chain market is immense. Tens of trillions of dollars of goods are moved each year, with each product passing through dozens of manufacturers and distributors before reaching the end consumer. Our world has never been more connected, yet our logistics systems are still isolated, compartmentalized and outdated, with many still managing shipments with pen and paper, excel, and email. ### *“A single shipping transaction may involve 28 different entities including customs, terminals, forwarders and carriers.” (Porter, 2017)* <br> These inefficiencies have dire consequences to businesses. A staggering half a trillion dollars of global imports are counterfeit, and cargo loss from theft or negligence costs companies $50 billion, annually. (Hayes, 2004)* For consumers, the risks are more than financial, as exemplified by the tainted milk scandal in China which resulted in 54,000 babies hospitalised and dozens of deaths. (Kraemer et al., 2016) Is it any wonder that regulatory agencies and consumers alike are pressuring companies to take control of their supply chains to guarantee the origin and quality of their food products? # What’s the solution? Blockchain is the ideal platform on which to anchor supply chains. As a decentralized, distributed, and trusted ledger, every transaction can be recorded with complete transparency and with full data integrity. Data that was once locked into corporate silos, can be made available to all, to support faster product recalls, enable analytics, optimize costs, improve safety, and provide greater confidence in the origin of products. # How does OriginTrail work? OriginTrail is a building a interoperable protocol designed to unlock supply chain data and store it on an immutable, decentralized platform. The protocol acts as a kind of middleware between a company’s IT systems and various blockchains, designed to easily plug into corporate systems such as SAP in order to extract data to the OriginTrail Data Network (ODN). ODN is a P2P distributed network powered by nodes incentivized with a token economy. ODN acts as a data layer and is engineered to store data in a graph database, allowing the protocol to take full advantage of the relational nature of supply chain data.  OriginTrail ensures data interoperability by applying GS1 global standards so that objects such as products and attributes are described using the same language. Each time data is written to ODN, the network stores a hash on the customer’s blockchain of choice to guarantee integrity. The use of zero knowledge proofs are added to protect the privacy of data and encourage participants to share data with greater confidence. Customer apps powered by an API is where supply chain participants such as producers, consumers, and regulators extract value from data. They can query data for such things as product origin, certifications (e.g., organic, Halal, etc), and compliance checks (e.g., inspections, control measures, etc.). Data represented as graphs allow for fast queries of large data sets and offers clients more flexible data analytics and modeling. In addition, data stored off-chain ensures that the solution is scalable as needed. # Who’s on the OriginTrail team?  OriginTrail team is founded and led by Tomaž Levak, Žiga Drev, and Branimir Rakić. The three have diverse educational backgrounds and draw on various fields including social science, economics, and engineering. They have been deeply involved in the supply chain industry since 2013. There are currently 12 core team members and the team is currently expanding, with several positions available. # Who are OriginTrail advisors? OriginTrail has 8 advisors, all of whom bring expertise from their respective fields, most notably: - **Dr. Srdjan Krčo** is the CEO of DunavNET and board member of the International IoT Forum. He has published over 15 patents and more than 70 papers at international conferences and journals. - **John Keogh**, president and Managing Partner, Shantalla, a major company that provides advisory services and research primarily focused on four key area: Strategy and Policy, Supply Chain, Product and Consumer Safety, and Compliance and Governance. - **Tomaž Štolfa**, entrepreneur-in-Residence at Matrix Partners, and Co-Founder at Layer (TechCrunch BattleField winner); and (formerly) Founder & CEO at Vox.io. - **Anthony Lai** , senior director of UOB (commercial bank), Partner at Fintech Connector, and Co-Founder of Inspiar group/ Petra. - **Srdjan Krčo**, CEO, DunavNET; Past: Senior Research & Innovation Consultant, Ericsson. Founding member of IoT Forum, Member of Alliance for IoT Innovation # What partnerships and alliances do they have? OriginTrail has a number of ongoing industry relationships including: - **Enterprise Ethereum Alliance (EEA)** — First agnostic purpose-built protocol for supply chains to become a full member - **Walmart Food Safety Collaboration Center’s Innovation Pipeline** — Walmart’s accelerator for innovative startups. - **Blockchain for Social Impact Coalitions by ConsenSys** - **Trace Alliance** — An OriginTrail-created association of companies, technology vendors, and supply chain experts who will lead the adoption of the OriginTrail protocol when it first goes live in September, 2018. - **TagItSmart** — European pilot program to use TagItSmart sensors and OriginTrail’s protocol to track premium wine bottles to their destination in China. - **Yimishiji** — Pilot program to track food origins with China’s first online farmers market. - **Bits x Bites** — OriginTrail was accepted into this food tech accelerator in China. - **Blockchain in Transport Alliance (BiTA) industry** - **GS1 Global Standards** - **Existing European customers** — Natureta, Zelene Doline, Planika, and Perutnina Ptuj # How far along is OriginTrail’s development? OriginTrail first came to life in 2013 when the founders conducted initial hands-on research into milk, poultry, and meat supply chains. In 2014 they used this knowledge to launch a smartphone app in 2014, with integration with Microsoft Navision, SAP, and other 3rd party ERP providers. By 2016, over 20,000 unique shoppers were using the system, with over 1200 raw material providers tracked in the system. In 2017 they began implementation of OriginTrail with Ethereum, linking their existing users to the platform. They have an aggressive roadmap that includes a testnet in June, 2018 and the launch of their mainnet in September. The team has a detailed development release plan and they have consistently met their roadmap targets. # Who are OriginTrail competitors? A number of competitors offer blockchain-based supply chain solutions, though none are blockchain agnostic, being tied to their respective platforms. As OriginTrail has been designed to bridge the gap between legacy systems and between blockchains, their ‘competitors’ could actually benefit from integrating with OriginTrail.  # What is OriginTrail’s competitive advantage? - OriginTrail is the only blockchain agnostic supply chain protocol, and has been specifically designed for rapid onboarding of companies. They have engineered an approach that works with a company’s existing enterprise technology such as SAP, and which uses familiar integrations such as web services, APIs, and XML. - Designed as a data layer protocol, OriginTrail is blockchain agnostic. Companies using widely different blockchains are all potential customers for OriginTrail. - There is no expensive hardware or software to buy and in-house blockchain experience is not required meaning that companies can connect to OriginTrail much quicker and for less cost than the competition. - OriginTrail is supply-chain agnostic. Although the company has deep knowledge of the food industry, their protocol is generic and can be applied to other supply chain verticals, something the company has stated as a goal. - OriginTrail’s approach is intensely focused on data sharing and analysis. The protocol’s application of GS1 standards ensures data interoperability among supply chain members. The use of graph databases enables fast query speeds, data modeling, and ability to show relationships between data points. Employment of ZK-Snarks to protect sensitive data encourages greater sharing among participants. # What awards or recognition has OriginTrail earned?  - **Food + City Challenge Prize** (Austin, Texas) People’s Choice Award Winner (2017) - **#Smartvillages** Initiative panelist (2017) - **Open Data Incubator for Europe** Winner (2016) - **Belgrade Venture Forum Winner** (2014) # Walmart’s Food Safety Innovation Spark Award  After a successful pilot program with Yimishiji, a popular online food company in China, OriginTrail were also chosen as one of 12 companies to join the first generation of the Walmart’s Food Innovation Program. # What are the token metrics and utility? TRAC tokens will be used as a form of payment between supply chain data producers and data consumers on one side, and the OriginTrail masternode holders on the other. This in turn incentivizes the use and ownership of nodes (simply a network of machines that are all running OriginTrail software clients) in the peer to peer (P2P) network to perform network and system functionalities. -Circulating supply: 290 million -ICO price: $.10 USD -ICO hard cap: $22.5 million ### The tokens were distributed as follows: - Presale and crowdsale — 50% - Future development — 20% - Liquidity pool — 5% - Founders and pre-ICO contributors — 18% - Team and advisors — 5% - Bounties — 2% # Here’s what Blockgrade likes: - Unlike many blockchain companies that are launched with a just white paper, OriginTrail has an experienced team, existing product, and an aggressive roadmap for blockchain integration that culminates with a mainnet in September, 2018. - The fact that OriginTrail has been mostly off-the-radar is reflected in a small market cap of $50M when compared to larger competitors such as VeChain (36x larger) and Waltonchain (8x larger). - The hands-on founding team has been actively building global relationships and has established a presence in Europe, America, and China. We expect this to continue as the business grows. - OriginTrail’s innovative and unique blockchain-agnostic architecture is highly scalable, easy to implement, and data focused. # Our OriginTrail rating: 8.8 / 10 Vision — 10/10 Team — 8/10 Advisors — 8/10 Partnerships — 8/10 Roadmap — 10/10 Token utility — 9/10  # Follow us at www.twitter.com/blockgrade Note: Blockgrade Capital and its affiliates do not provide investment, legal or accounting advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or accounting advice. |
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"title": "OriginTrail is bringing blockchain to the $64 trillion supply chain industry",
"body": "https://vimeo.com/233912879\n\nOriginTrail is the first and only blockchain-agnostic data-sharing protocol built for supply chains, providing much needed transparency and data integrity for this $64 trillion dollar industry.\n\nAble to connect directly with legacy systems already in place, as well as the multitude of blockchain platforms and dApps on the market, the potential scope of this project is tremendous.\n\n# What we like about the project:\n\n- Interoperable — works with legacy systems and other blockchains\n- Experienced and dedicated team — working on the project since 2013\n- Clear use case and existing commercial clients\n- Well connected — Enterprise Ethereum Alliance, Consensys, and more\n- Presence in Europe, America, and China\n- Under-the-radar, small cap compared to competitors\n\n# Why is this needed?\n\nThe global supply chain market is immense. Tens of trillions of dollars of goods are moved each year, with each product passing through dozens of manufacturers and distributors before reaching the end consumer.\n\nOur world has never been more connected, yet our logistics systems are still isolated, compartmentalized and outdated, with many still managing shipments with pen and paper, excel, and email.\n\n### *“A single shipping transaction may involve 28 different entities including customs, terminals, forwarders and carriers.” (Porter, 2017)*\n<br>\nThese inefficiencies have dire consequences to businesses. A staggering half a trillion dollars of global imports are counterfeit, and cargo loss from theft or negligence costs companies $50 billion, annually. (Hayes, 2004)*\n\nFor consumers, the risks are more than financial, as exemplified by the tainted milk scandal in China which resulted in 54,000 babies hospitalised and dozens of deaths. (Kraemer et al., 2016)\n\nIs it any wonder that regulatory agencies and consumers alike are pressuring companies to take control of their supply chains to guarantee the origin and quality of their food products?\n\n# What’s the solution?\n\nBlockchain is the ideal platform on which to anchor supply chains. As a decentralized, distributed, and trusted ledger, every transaction can be recorded with complete transparency and with full data integrity.\n\nData that was once locked into corporate silos, can be made available to all, to support faster product recalls, enable analytics, optimize costs, improve safety, and provide greater confidence in the origin of products.\n\n# How does OriginTrail work?\n\nOriginTrail is a building a interoperable protocol designed to unlock supply chain data and store it on an immutable, decentralized platform.\n\nThe protocol acts as a kind of middleware between a company’s IT systems and various blockchains, designed to easily plug into corporate systems such as SAP in order to extract data to the OriginTrail Data Network (ODN).\n\nODN is a P2P distributed network powered by nodes incentivized with a token economy. ODN acts as a data layer and is engineered to store data in a graph database, allowing the protocol to take full advantage of the relational nature of supply chain data.\n\n\n\nOriginTrail ensures data interoperability by applying GS1 global standards so that objects such as products and attributes are described using the same language. Each time data is written to ODN, the network stores a hash on the customer’s blockchain of choice to guarantee integrity. The use of zero knowledge proofs are added to protect the privacy of data and encourage participants to share data with greater confidence.\n\nCustomer apps powered by an API is where supply chain participants such as producers, consumers, and regulators extract value from data. They can query data for such things as product origin, certifications (e.g., organic, Halal, etc), and compliance checks (e.g., inspections, control measures, etc.). Data represented as graphs allow for fast queries of large data sets and offers clients more flexible data analytics and modeling. In addition, data stored off-chain ensures that the solution is scalable as needed.\n\n# Who’s on the OriginTrail team?\n\n\n\nOriginTrail team is founded and led by Tomaž Levak, Žiga Drev, and Branimir Rakić. The three have diverse educational backgrounds and draw on various fields including social science, economics, and engineering. They have been deeply involved in the supply chain industry since 2013.\n\nThere are currently 12 core team members and the team is currently expanding, with several positions available.\n\n# Who are OriginTrail advisors?\n\nOriginTrail has 8 advisors, all of whom bring expertise from their respective fields, most notably:\n\n- **Dr. Srdjan Krčo** is the CEO of DunavNET and board member of the International IoT Forum. He has published over 15 patents and more than 70 papers at international conferences and journals.\n- **John Keogh**, president and Managing Partner, Shantalla, a major company that provides advisory services and research primarily focused on four key area: Strategy and Policy, Supply Chain, Product and Consumer Safety, and Compliance and Governance.\n- **Tomaž Štolfa**, entrepreneur-in-Residence at Matrix Partners, and Co-Founder at Layer (TechCrunch BattleField winner); and (formerly) Founder & CEO at Vox.io.\n- **Anthony Lai** , senior director of UOB (commercial bank), Partner at Fintech Connector, and Co-Founder of Inspiar group/ Petra.\n- **Srdjan Krčo**, CEO, DunavNET; Past: Senior Research & Innovation Consultant, Ericsson. Founding member of IoT Forum, Member of Alliance for IoT Innovation\n\n# What partnerships and alliances do they have?\n\nOriginTrail has a number of ongoing industry relationships including:\n\n- **Enterprise Ethereum Alliance (EEA)** — First agnostic purpose-built protocol for supply chains to become a full member\n- **Walmart Food Safety Collaboration Center’s Innovation Pipeline** — Walmart’s accelerator for innovative startups.\n- **Blockchain for Social Impact Coalitions by ConsenSys**\n- **Trace Alliance** — An OriginTrail-created association of companies, technology vendors, and supply chain experts who will lead the adoption of the OriginTrail protocol when it first goes live in September, 2018.\n- **TagItSmart** — European pilot program to use TagItSmart sensors and OriginTrail’s protocol to track premium wine bottles to their destination in China.\n- **Yimishiji** — Pilot program to track food origins with China’s first online farmers market.\n- **Bits x Bites** — OriginTrail was accepted into this food tech accelerator in China.\n- **Blockchain in Transport Alliance (BiTA) industry**\n- **GS1 Global Standards**\n- **Existing European customers** — Natureta, Zelene Doline, Planika, and Perutnina Ptuj\n\n# How far along is OriginTrail’s development?\n\nOriginTrail first came to life in 2013 when the founders conducted initial hands-on research into milk, poultry, and meat supply chains.\n\nIn 2014 they used this knowledge to launch a smartphone app in 2014, with integration with Microsoft Navision, SAP, and other 3rd party ERP providers.\n\nBy 2016, over 20,000 unique shoppers were using the system, with over 1200 raw material providers tracked in the system. In 2017 they began implementation of OriginTrail with Ethereum, linking their existing users to the platform.\n\nThey have an aggressive roadmap that includes a testnet in June, 2018 and the launch of their mainnet in September. The team has a detailed development release plan and they have consistently met their roadmap targets.\n\n# Who are OriginTrail competitors?\n\nA number of competitors offer blockchain-based supply chain solutions, though none are blockchain agnostic, being tied to their respective platforms.\n\nAs OriginTrail has been designed to bridge the gap between legacy systems and between blockchains, their ‘competitors’ could actually benefit from integrating with OriginTrail.\n\n\n\n# What is OriginTrail’s competitive advantage?\n\n- OriginTrail is the only blockchain agnostic supply chain protocol, and has been specifically designed for rapid onboarding of companies. They have engineered an approach that works with a company’s existing enterprise technology such as SAP, and which uses familiar integrations such as web services, APIs, and XML.\n- Designed as a data layer protocol, OriginTrail is blockchain agnostic. Companies using widely different blockchains are all potential customers for OriginTrail.\n- There is no expensive hardware or software to buy and in-house blockchain experience is not required meaning that companies can connect to OriginTrail much quicker and for less cost than the competition.\n- OriginTrail is supply-chain agnostic. Although the company has deep knowledge of the food industry, their protocol is generic and can be applied to other supply chain verticals, something the company has stated as a goal.\n- OriginTrail’s approach is intensely focused on data sharing and analysis. The protocol’s application of GS1 standards ensures data interoperability among supply chain members. The use of graph databases enables fast query speeds, data modeling, and ability to show relationships between data points. Employment of ZK-Snarks to protect sensitive data encourages greater sharing among participants.\n\n# What awards or recognition has OriginTrail earned?\n\n\n\n- **Food + City Challenge Prize** (Austin, Texas) People’s Choice Award Winner (2017)\n- **#Smartvillages** Initiative panelist (2017)\n- **Open Data Incubator for Europe** Winner (2016)\n- **Belgrade Venture Forum Winner** (2014)\n\n# Walmart’s Food Safety Innovation Spark Award\n\n\n\nAfter a successful pilot program with Yimishiji, a popular online food company in China, OriginTrail were also chosen as one of 12 companies to join the first generation of the Walmart’s Food Innovation Program.\n\n# What are the token metrics and utility?\nTRAC tokens will be used as a form of payment between supply chain data producers and data consumers on one side, and the OriginTrail masternode holders on the other.\n\nThis in turn incentivizes the use and ownership of nodes (simply a network of machines that are all running OriginTrail software clients) in the peer to peer (P2P) network to perform network and system functionalities.\n\n-Circulating supply: 290 million\n-ICO price: $.10 USD\n-ICO hard cap: $22.5 million\n\n### The tokens were distributed as follows:\n\n- Presale and crowdsale — 50%\n- Future development — 20%\n- Liquidity pool — 5%\n- Founders and pre-ICO contributors — 18%\n- Team and advisors — 5%\n- Bounties — 2%\n\n# Here’s what Blockgrade likes:\n- Unlike many blockchain companies that are launched with a just white paper, OriginTrail has an experienced team, existing product, and an aggressive roadmap for blockchain integration that culminates with a mainnet in September, 2018.\n- The fact that OriginTrail has been mostly off-the-radar is reflected in a small market cap of $50M when compared to larger competitors such as VeChain (36x larger) and Waltonchain (8x larger).\n- The hands-on founding team has been actively building global relationships and has established a presence in Europe, America, and China. We expect this to continue as the business grows.\n- OriginTrail’s innovative and unique blockchain-agnostic architecture is highly scalable, easy to implement, and data focused.\n\n# Our OriginTrail rating: 8.8 / 10\nVision — 10/10\nTeam — 8/10\nAdvisors — 8/10\nPartnerships — 8/10\nRoadmap — 10/10\nToken utility — 9/10\n\n\n\n# Follow us at www.twitter.com/blockgrade\nNote: Blockgrade Capital and its affiliates do not provide investment, legal or accounting advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or accounting advice.",
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}clive2uupvoted (100.00%) @theblockgrade / wanchain-the-future-of-finance2018/05/18 08:33:00
clive2uupvoted (100.00%) @theblockgrade / wanchain-the-future-of-finance
2018/05/18 08:33:00
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2018/05/18 08:32:27
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| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://medium.com/@blockgrade/wanchain-the-blockgrade-analysis-57101b762eb3 |
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}cheetahupvoted (0.08%) @theblockgrade / wanchain-the-future-of-finance2018/05/18 08:32:21
cheetahupvoted (0.08%) @theblockgrade / wanchain-the-future-of-finance
2018/05/18 08:32:21
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}theblockgradepublished a new post: wanchain-the-future-of-finance2018/05/18 08:32:09
theblockgradepublished a new post: wanchain-the-future-of-finance
2018/05/18 08:32:09
| parent author | |
| parent permlink | cryptocurrency |
| author | theblockgrade |
| permlink | wanchain-the-future-of-finance |
| title | Wanchain — The Future of Finance? |
| body |  Wanchain is building a global financial platform that integrates the world’s digital assets into a single, distributed blockchain. # What we like about the project: - **Vision** — Wanchain has grandiose but achievable plans to reinvent the global financial system. - **Team** — An all-star team with blockchain, mathematics, financial, and cryptographic expertise and led by the co-founder of Factom. - **Roadmap** — Wanchain has a functional main net in addition to significant development plans for 2018. - **Technology** — Wanchain delivers a cutting-edge solution that builds on and enhances technology from Ethereum, Ripple, and Monero, among others. - **Partnerships** — Wanchain formed the Blockchain Interoperability Alliance (IOA) with ICON and Aion and has close ties with Factom. - **Public interest** — The ICO sold out in record time despite excluding China, South Korea, and the U.S from the sale. Demand for Wanchain has only increased as they have strategically delayed the release of Wancoin. # Why is this needed? Although technology has helped improve the standard of living around the world, it is estimated that 2.5 billion people are locked out of a multi-trillion dollar financial system that favors the wealthy (World Bank, 2014). Without access to basic financial services such as bank accounts, loans, and low-cost remittance services, the opportunity for many to benefit from global prosperity is lost.  The advent of blockchain technology offers hope of a more inclusive financial system. Citizens in countries such as Venezuela have benefited from cryptocurrencies as a shelter from currency devaluations. Rapid and low-cost cryptocurrency transfers have aided families that depend on remittances by enabling the purchase of medical supplies when local currency is rendered ineffective. For the first time in recent history, equal access to financial services appears within the reach of most everyone. ### *“New technologies hold promise for expanding financial inclusion.” (World Bank, 2014)* Yet despite all the promise, the nascent blockchain industry has yet to realize its potential. Blockchains are walled-off, isolated islands of information that cannot easily be shared. Assets are managed with multiple wallets and accessed through centralized exchanges that increase security risk and lead to a loss of asset control. In general, blockchains have been a maze of competing technologies and standards that have hampered wide-spread adoption and prevented the development of a comprehensive alternative to the existing financial system. # What’s the solution? Much as protocols like HTTP have enabled disparate technologies to come together to form the Internet, a protocol is needed to link blockchains into a single, global distributed ledger that unlocks value and helps fully realize the promise of blockchain technology. Borderless blockchains would allow for the free flow and exchange of digital assets in a decentralized market where any entity can offer or consume low-cost financial services with complete privacy and security. Wanchain wants to empower financial inclusion and reinvent the global financial system by connecting the world’s digital assets into a single, interconnected blockchain infrastructure. # How does Wanchain work? Wanchain is both a protocol and a blockchain. The Wanchain protocol defines the specifications for cross-chain transactions between Wanchain and public, private, and consortium chains. The Wanchain blockchain is built on the Ethereum codebase and enables smart contracts and DApps.  The Wanchain protocol consists of three components: (1) a registration model that registers the blockchain and its assets; (2) a data transmission model that manages transactions; and (3) a query module that monitors the status of transactions. At the center of Wanchain’s platform is its blockchain. It includes a multi-currency wallet for users to create transactions and WAN, their native coin. Wanchain uses a Proof of Stake consensus algorithm and is supported by nodes performing various activities such as receiving deposits (vouchers), validating transactions (validators) and storing parts of keys for escrow accounts (storemen). The jewel in Wanchain’s approach is their use of advanced privacy protecting cryptographic techniques including: - **One-time accounts** — Wanchain uses elliptic curve cryptography to generate a one-time address so that transactions can’t be traced back to the main address. - **Ring signatures** — Created by Ron Rivest, a famous cryptographer behind RSA, RC4, and MD5 algorithms, it allows a person to digitally sign on behalf of a group while remaining anonymous. Used in Wanchain to provide anonymity in a smart contract-based token transfers, it essentially turns any cryptocurrency into a Monero-like privacy token. - **Secure multi-party computing** — A method in cryptography which allows distrustful parties to perform a joint computation without revealing their inputs. Used in Wanchain to enable “locked” or escrow-like accounts. - **Threshold secret-sharing** — A scheme created by Adi Shamir, a famous Israeli cryptographer, that divides a key into multiple parts and shares it across multiple participants. Used to protect the keys that secure Wanchain locked accounts. # What services will be enabled? Wanchain envisions creating a “super financial market of digital assets” where various financial services can be offered in a distributed manner. By chaining together the world’s public and private blockchains, Wanchain becomes a global clearing house for digital assets; not only for the exchange of digital currencies, but to enable an almost limitless variety of financial services including: - Crowdfunding and ICOs - Multi-currency credit cards - P2P and micro-lending - Digital currency payment and settlement - Asset management - Asset-backed securities - Commercial financing # Who’s on the Wanchain team? ### Founder — Jack Lu Wanchain’s founder is Jack Lu, the co-founder of Factom, a blockchain company with a current market capitalization of over $230M. Lu also founded Wanglu Tech which has developed some of the technology for Wanchain. ### President — Dustin Byington President Dustin Byington is founder of Bitcoin College and co-founder of Tendermint and previously worked as an analyst for Goldman Sachs. ### Scientific Lead — Zane Liang Dr. Zane Liang has advanced degrees in applied mathematics from the U.S. and China and is an expert in cryptography and high performance computing. The team as a whole has significant blockchain, mathematics, engineering, and cryptography experience and includes several Ph.Ds. *The website lists 36 team members in addition to a number of open positions.* # Who are Wanchain advisors? Wanchain has 11 advisors, all of whom bring expertise from their respective fields, most notably: - **Feng Han** — Secretary-General of DACA - **David A. Johnston** — Chairman of the Board at Factom, Inc. - **Albert Ching** — Founder of i-Sprint - **Ramble Lan** — Chairman of North America Blockchain Association(NABA) - **Marvin Zhang** — Chairman of S-League (Supply Chain Blockchain League) - **Pitinan Kooarmornpatana** — DIGITALPASS Co., Ltd. Managing - **Rongge Li** — River Capital Partner - **Gang Wu** — Founder of Bixin - **Zhong Chen** — Director of Information Security Lab, Peking University - **Jian Jin** — Research Fellow, China Information and Communication Research Institute(CAICT) - **Binsheng Wang** — Professor of CASS,Advisor of the Blockchain Joint Development Organization # What partnerships and alliances do they have?  Wanchain has a number of relationships with blockchain companies including: - **Kyber Network** — Kyber Network is joining forces with Wanchain to build a decentralized cryptocurrency exchange called KWDEX. - **Quantstamp** — Quantstamp is expected to participate in the Blockchain Interoperability Alliance. - **ICON** — Founding member of the Blockchain Interoperability Alliance - **Aion** — Founding member of the Blockchain Interoperability Alliance - **Factom** — Co-founder Jack Lu will look to leverage Factom’s industry experience and deep network of partnerships. # How far along is Wanchains’s development?  Throughout its history, Wanchain has consistently delivered on an aggressive roadmap. In 2017 they completed designs for cross-chain transactions and the underlying cryptography for privacy protection and launched alphaand beta networks. More recently their mainnet was launched to include a wallet and their native coin, Wancoin. Other plans for 2018 include integration with both Ethereum and Bitcoin blockchains and multi-coin wallets. # What are the token metrics and utility? WAN tokens are used to pay for cross- and intra-chain transactions. Wancoin is also used in security deposits for the cross-chain verification nodes. - Circulating supply: 107 million - Total supply: 210 million - ICO price: $.34 USD - ICO hard cap: $36 million - Investor bonuses of 15% and 5% ### The tokens were distributed as follows: - 51%: investors - 20%: team members - 19%: fund - 10%: miners # How Wanchain plans to use the proceeds: - 60% research and development - 10% community development - 10% marketing - 10% infrastructure - 10% daily operations # Here’s what we like: - Unlike many blockchain companies that are based on a promising concept in a white paper, Wanchain has an experienced team, existing mainnet, and an aggressive roadmap for blockchain integration. - Wanchain envisions nothing less than becoming the financial center of the digital world. If Wanchain achieves even a small portion of their vision, they will have been tremendously successful. - The technology is based on mathematics and cryptography and their planned privacy protections are unmatched in the industry. - Wanchain launched with a $36 million hard cap and a multi-billion dollar vision. The potential investment multiplier with Wanchain is outstanding. # Our Wanchain rating: 9.2 / 10 Vision — 10/10 Team — 9/10 Advisors — 8/10 Partnerships — 8/10 Roadmap — 10/10 Token utility — 10/10  # Follow us at www.twitter.com/blockgrade *Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.* *World Bank. “Global Financial Development Report 2014 Financial Inclusion” 2014* |
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"title": "Wanchain — The Future of Finance?",
"body": "\n\nWanchain is building a global financial platform that integrates the world’s digital assets into a single, distributed blockchain.\n\n# What we like about the project:\n\n- **Vision** — Wanchain has grandiose but achievable plans to reinvent the global financial system.\n- **Team** — An all-star team with blockchain, mathematics, financial, and cryptographic expertise and led by the co-founder of Factom.\n- **Roadmap** — Wanchain has a functional main net in addition to significant development plans for 2018.\n- **Technology** — Wanchain delivers a cutting-edge solution that builds on and enhances technology from Ethereum, Ripple, and Monero, among others.\n- **Partnerships** — Wanchain formed the Blockchain Interoperability Alliance (IOA) with ICON and Aion and has close ties with Factom.\n- **Public interest** — The ICO sold out in record time despite excluding China, South Korea, and the U.S from the sale. Demand for Wanchain has only increased as they have strategically delayed the release of Wancoin.\n\n# Why is this needed?\n\nAlthough technology has helped improve the standard of living around the world, it is estimated that 2.5 billion people are locked out of a multi-trillion dollar financial system that favors the wealthy (World Bank, 2014). Without access to basic financial services such as bank accounts, loans, and low-cost remittance services, the opportunity for many to benefit from global prosperity is lost.\n\n\n\nThe advent of blockchain technology offers hope of a more inclusive financial system. Citizens in countries such as Venezuela have benefited from cryptocurrencies as a shelter from currency devaluations. Rapid and low-cost cryptocurrency transfers have aided families that depend on remittances by enabling the purchase of medical supplies when local currency is rendered ineffective.\n\nFor the first time in recent history, equal access to financial services appears within the reach of most everyone.\n\n### *“New technologies hold promise for expanding financial inclusion.” (World Bank, 2014)*\n\n\nYet despite all the promise, the nascent blockchain industry has yet to realize its potential. Blockchains are walled-off, isolated islands of information that cannot easily be shared. Assets are managed with multiple wallets and accessed through centralized exchanges that increase security risk and lead to a loss of asset control. In general, blockchains have been a maze of competing technologies and standards that have hampered wide-spread adoption and prevented the development of a comprehensive alternative to the existing financial system.\n\n# What’s the solution?\n\nMuch as protocols like HTTP have enabled disparate technologies to come together to form the Internet, a protocol is needed to link blockchains into a single, global distributed ledger that unlocks value and helps fully realize the promise of blockchain technology.\n\nBorderless blockchains would allow for the free flow and exchange of digital assets in a decentralized market where any entity can offer or consume low-cost financial services with complete privacy and security.\n\n\nWanchain wants to empower financial inclusion and reinvent the global financial system by connecting the world’s digital assets into a single, interconnected blockchain infrastructure.\n\n# How does Wanchain work?\n\nWanchain is both a protocol and a blockchain. The Wanchain protocol defines the specifications for cross-chain transactions between Wanchain and public, private, and consortium chains. The Wanchain blockchain is built on the Ethereum codebase and enables smart contracts and DApps.\n\n\n\nThe Wanchain protocol consists of three components: (1) a registration model that registers the blockchain and its assets; (2) a data transmission model that manages transactions; and (3) a query module that monitors the status of transactions.\n\nAt the center of Wanchain’s platform is its blockchain. It includes a multi-currency wallet for users to create transactions and WAN, their native coin. Wanchain uses a Proof of Stake consensus algorithm and is supported by nodes performing various activities such as receiving deposits (vouchers), validating transactions (validators) and storing parts of keys for escrow accounts (storemen).\n\nThe jewel in Wanchain’s approach is their use of advanced privacy protecting cryptographic techniques including:\n\n- **One-time accounts** — Wanchain uses elliptic curve cryptography to generate a one-time address so that transactions can’t be traced back to the main address.\n- **Ring signatures** — Created by Ron Rivest, a famous cryptographer behind RSA, RC4, and MD5 algorithms, it allows a person to digitally sign on behalf of a group while remaining anonymous. Used in Wanchain to provide anonymity in a smart contract-based token transfers, it essentially turns any cryptocurrency into a Monero-like privacy token.\n- **Secure multi-party computing** — A method in cryptography which allows distrustful parties to perform a joint computation without revealing their inputs. Used in Wanchain to enable “locked” or escrow-like accounts.\n- **Threshold secret-sharing** — A scheme created by Adi Shamir, a famous Israeli cryptographer, that divides a key into multiple parts and shares it across multiple participants. Used to protect the keys that secure Wanchain locked accounts.\n\n# What services will be enabled?\n\nWanchain envisions creating a “super financial market of digital assets” where various financial services can be offered in a distributed manner. By chaining together the world’s public and private blockchains, Wanchain becomes a global clearing house for digital assets; not only for the exchange of digital currencies, but to enable an almost limitless variety of financial services including:\n\n- Crowdfunding and ICOs\n- Multi-currency credit cards\n- P2P and micro-lending\n- Digital currency payment and settlement\n- Asset management\n- Asset-backed securities\n- Commercial financing\n\n# Who’s on the Wanchain team?\n\n### Founder — Jack Lu\n\nWanchain’s founder is Jack Lu, the co-founder of Factom, a blockchain company with a current market capitalization of over $230M. Lu also founded Wanglu Tech which has developed some of the technology for Wanchain.\n\n### President — Dustin Byington\n\nPresident Dustin Byington is founder of Bitcoin College and co-founder of Tendermint and previously worked as an analyst for Goldman Sachs.\n\n### Scientific Lead — Zane Liang\n\nDr. Zane Liang has advanced degrees in applied mathematics from the U.S. and China and is an expert in cryptography and high performance computing.\n\nThe team as a whole has significant blockchain, mathematics, engineering, and cryptography experience and includes several Ph.Ds.\n\n*The website lists 36 team members in addition to a number of open positions.*\n\n# Who are Wanchain advisors?\n\nWanchain has 11 advisors, all of whom bring expertise from their respective fields, most notably:\n\n- **Feng Han** — Secretary-General of DACA\n- **David A. Johnston** — Chairman of the Board at Factom, Inc.\n- **Albert Ching** — Founder of i-Sprint\n- **Ramble Lan** — Chairman of North America Blockchain Association(NABA)\n- **Marvin Zhang** — Chairman of S-League (Supply Chain Blockchain League)\n- **Pitinan Kooarmornpatana** — DIGITALPASS Co., Ltd. Managing\n- **Rongge Li** — River Capital Partner\n- **Gang Wu** — Founder of Bixin\n- **Zhong Chen** — Director of Information Security Lab, Peking University\n- **Jian Jin** — Research Fellow, China Information and Communication Research Institute(CAICT)\n- **Binsheng Wang** — Professor of CASS,Advisor of the Blockchain Joint Development Organization\n\n# What partnerships and alliances do they have?\n\n\n\nWanchain has a number of relationships with blockchain companies including:\n\n- **Kyber Network** — Kyber Network is joining forces with Wanchain to build a decentralized cryptocurrency exchange called KWDEX.\n- **Quantstamp** — Quantstamp is expected to participate in the Blockchain Interoperability Alliance.\n- **ICON** — Founding member of the Blockchain Interoperability Alliance\n- **Aion** — Founding member of the Blockchain Interoperability Alliance\n- **Factom** — Co-founder Jack Lu will look to leverage Factom’s industry experience and deep network of partnerships.\n\n# How far along is Wanchains’s development?\n\n\n\nThroughout its history, Wanchain has consistently delivered on an aggressive roadmap. In 2017 they completed designs for cross-chain transactions and the underlying cryptography for privacy protection and launched alphaand beta networks.\n\nMore recently their mainnet was launched to include a wallet and their native coin, Wancoin. Other plans for 2018 include integration with both Ethereum and Bitcoin blockchains and multi-coin wallets.\n\n# What are the token metrics and utility?\n\nWAN tokens are used to pay for cross- and intra-chain transactions. Wancoin is also used in security deposits for the cross-chain verification nodes.\n\n- Circulating supply: 107 million\n- Total supply: 210 million\n- ICO price: $.34 USD\n- ICO hard cap: $36 million\n- Investor bonuses of 15% and 5%\n\n### The tokens were distributed as follows:\n\n- 51%: investors\n- 20%: team members\n- 19%: fund\n- 10%: miners\n\n# How Wanchain plans to use the proceeds:\n\n- 60% research and development\n- 10% community development\n- 10% marketing\n- 10% infrastructure\n- 10% daily operations\n\n# Here’s what we like:\n\n- Unlike many blockchain companies that are based on a promising concept in a white paper, Wanchain has an experienced team, existing mainnet, and an aggressive roadmap for blockchain integration.\n- Wanchain envisions nothing less than becoming the financial center of the digital world. If Wanchain achieves even a small portion of their vision, they will have been tremendously successful.\n- The technology is based on mathematics and cryptography and their planned privacy protections are unmatched in the industry.\n- Wanchain launched with a $36 million hard cap and a multi-billion dollar vision. The potential investment multiplier with Wanchain is outstanding.\n\n# Our Wanchain rating: 9.2 / 10\nVision — 10/10\nTeam — 9/10\nAdvisors — 8/10\nPartnerships — 8/10\nRoadmap — 10/10\nToken utility — 10/10\n\n\n\n# Follow us at www.twitter.com/blockgrade\n*Note: Blockgrade Capital and its affiliates do not provide investment, legal or financial advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or financial advice.*\n\n*World Bank. “Global Financial Development Report 2014 Financial Inclusion” 2014*",
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}2018/05/18 07:51:03
2018/05/18 07:51:03
| parent author | theblockgrade |
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| permlink | cheetah-re-theblockgradetomochain-is-a-brand-new-blockchain-with-killer-potential |
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| body | Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://medium.com/@blockgrade/tomochain-the-blockgrade-analysis-d578c51e94ee |
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}ax3upvoted (1.00%) @theblockgrade / tomochain-is-a-brand-new-blockchain-with-killer-potential2018/05/18 07:50:42
ax3upvoted (1.00%) @theblockgrade / tomochain-is-a-brand-new-blockchain-with-killer-potential
2018/05/18 07:50:42
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2018/05/18 07:50:42
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| body | ✅ @theblockgrade, I gave you an upvote on your first post! **Please give me a follow** and I will give you a follow in return!<br><br>Please also take a moment to read [this post](https://steemit.com/spam/@pleasestop/introducing-pleasestop-here-to-reduce-comment-spam) regarding bad behavior on Steemit. |
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}theblockgradepublished a new post: tomochain-is-a-brand-new-blockchain-with-killer-potential2018/05/18 07:50:33
theblockgradepublished a new post: tomochain-is-a-brand-new-blockchain-with-killer-potential
2018/05/18 07:50:33
| parent author | |
| parent permlink | cryptocurrency |
| author | theblockgrade |
| permlink | tomochain-is-a-brand-new-blockchain-with-killer-potential |
| title | Tomochain is a brand new blockchain with killer potential |
| body |  TomoChain is a new blockchain, dApp platform, and scaling solution, with lightning-fast confirmations, high transaction throughput, and near-zero fees. Led by the co-founder of NEM, and with investment from NEO, it is poised to become the flagship blockchain project of Vietnam. # What we like about the project: - Experienced, well-connected team - Strong VC backing - Highly scalable, fast, and cheap - Interoperable with all Ethereum smart contracts - Atomic cross-chain swaps with Ethereum - dApps lined up to launch on mainnet already - User-friendly wallet that can store TOMO, ETH, & ERC20 tokens - Small market cap. Under-the-radar # Why is it needed? Scalability is an issue in the blockchain industry that is plaguing all major platforms. This limits the efficiency and cost-effectiveness required to realize its potential for mass adoption During the heightened trading volume during the market uptick of late 2017, lack of scaling meant that the Bitcoin transactions were taking hours or even days to be processed, with fees skyrocketing. Similarly, the launch of the popular “CryptoKitties” dApp last autumn, brought the entire multi-billion dollar Ethereum network to a standstill for over a week. This is the problem that TomoChain is tackling head-on. # How does it work? TomoChain utilizes “horizontal scaling”, an ingenious approach which uses second layer blockchains to redistribute computing and reduce congestion. This has led to transaction speeds reaching 1000 transactions per second at just this early stage of the project, with confirmations taking less than 2 seconds. All Ethereum based dApps, smart contracts and protocols will be interoperable with the TomoChain network and will be able to benefit from high bandwidth and processing power, fast confirmations, and near-zero fees, while projects building on TomoChain will be fully interoperable with the legacy Ethereum network via atomic cross chain swaps.  In addition to this, TOMO will have masternodes that will support easy and fast creation of child-chains. This will overcome the problem of congestion that currently plagues Ethereum. The cross-chain scaling offered by Tomochain is a noteworthy hallmark of the project. The increases in efficiency coupled with Ethereum interoperability make the project more of a complement rather than a competitor at the outset. As Tomochain continues to scale the network, these benefits will be important for attracting developers and businesses. # What is TomoApp?  TomoApp beta is live on Android and iOS. Please visit www.tomoapp.com for details. TomoApp is the first consumer application utilizing the Tomochain infrastructure, built by the Tomo team. Tomoapp will be a tokenized version a knowledge sharing app (think Quora) where users can ask questions, produce content (videos, articles, etc.), and build a knowledge base together. It is already up and running with an average of 5,000–10,000 weekly users. Tomocoin, the native currency of TomoChain, will be integrated into the Tomoapp, allowing each user receive rewards from other users for his or her contribution to the network, and store it safely in the TomoWallet. # What is TomoWallet?  The TomoWallet will be developed by the team to provide a secure platform to send and receive tokens. Able to store, send, and receive Tomocoin, Ether, and all ETH-based tokens, the wallet offers an intuitive interface to its user. # Who’s on the TomoChain team?  The TomoChain team is well versed in the blockchain space, with extensive experience between them. ### Founder & Project Lead — Long Vuong - Co-Founder and former Project Lead for NEM — 2 Billion market map, Ranked #13 on CMC - One of the first participants in Building the NXT Project — 178 Million market cap — Ranked #80 on CMC - Graduate of Fullstack Academy of Code — #1 coding bootcamp in NY & Chicago - Ph.D Candidate at UMASS — Economics ### Co-Founder & CTO — Son Nguyen -Founder of Blockchain Development Group (Vietnam) — Over 800 active members -Masters Degree in Engineering — Hanoi University of Science & Technology — #1 university in Vietnam ### Co-Founder & CFO — Le Ho - CFA — 10+ years experience in Finance & Investment - Former Senior Investment Manager at BIVM –Largest state owned bank in Vietnam # Who are their advisors?  - **Roger Lim** — Founding Partner at NEO Global Capital , director for QLink, advisor for Bluzelle, Fortuna, & others - **Chance Du** — Founding Partner at Coefficient Ventures, advisor for Havven & Iotex - **Antoine Naijarin** — Head of strategy & operations at Devery - **Androklis Polymenis** — Co-Founder of CryptXO - **Hoang Nguyen** — VP of Engineering a WeTrust - **Min Kim** — Head of Business Development at Bee Token - **Shekhar Bhusannavar** — GM at Meed Fintech & Business Dev Director at Timo Bank # Who are their partners / investors?  - **NEO** — $6 Billion market cap — #6 on CMC - **Hedge Funds/Venture Capital** — Signum Capital, Global Blockchain Innovative Capital, Hashed, One Block Capital, Hyper Chain Capital, Connect Capital, Carbon Block Ventures, 1 kx, Eden Block - **Growth/Research Partners** — Block Discover, Coefficient Ventures, Crypt1XO, Blockchain Investment Club - **Bigbom ECO** — Decentralized advertising ecosystem # How far along is TomoChain’s development? Progress is already well underway, with a live public testnet and demo wallet, where users can transfer tokens between chains. TOMOAPP TomoChain launched its Android/IOS app and testnet in 2017. # What’s coming up next? - **Alpha public release** — Q2 2018 - **Token integration on testnet** — Q2 2018 - **Tomoapp official release & Tomo wallet release** — Q3 2018 - **Mainnet launch** — Q3 2018 - **TOMO ICO’s** (5 dApps already lined up) — Q3 2018 - **Decentralized exchange & smart contract integration** — Q4 2018 # What were the ICO metrics? - **Circulating supply:** 55 million - **ICO price:** $0.25 USD - **ICO hard cap:** $8.5 million # What is the token utility? - Used as payment for all services and third party applications wishing to use the TOMO network - P2P Currency - Masternode rewards # What is the market cap? At the time of this writing, TOMO is trading at $0.72 (.00095 ETH). With a circulating supply of 55M TOMO, this puts the market cap at $40M. If TOMO were to grow to the size of DRGN it would be at a 10x multiplier. Were it to capture even one-quarter of the market of ETH, it would be at a 470x multiplier. # Our TomoChain rating: 8/10 Vision — 8/10 Team — 7/10 Advisors — 7/10 Roadmap — 8/10 Token utility — 9/10 Token metrics — 9.5/10 ## Follow us at www.twitter.com/blockgrade Note: Blockgrade Capital and its affiliates do not provide investment, legal or accounting advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or accounting advice. |
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| Transaction Info | Block #22532505/Trx 8f36cb8afe50f31737dfc536295902413f934090 |
View Raw JSON Data
{
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"timestamp": "2018-05-18T07:50:33",
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{
"parent_author": "",
"parent_permlink": "cryptocurrency",
"author": "theblockgrade",
"permlink": "tomochain-is-a-brand-new-blockchain-with-killer-potential",
"title": "Tomochain is a brand new blockchain with killer potential",
"body": "\n\nTomoChain is a new blockchain, dApp platform, and scaling solution, with lightning-fast confirmations, high transaction throughput, and near-zero fees.\n\nLed by the co-founder of NEM, and with investment from NEO, it is poised to become the flagship blockchain project of Vietnam.\n\n# What we like about the project:\n- Experienced, well-connected team\n- Strong VC backing\n- Highly scalable, fast, and cheap\n- Interoperable with all Ethereum smart contracts\n- Atomic cross-chain swaps with Ethereum\n- dApps lined up to launch on mainnet already\n- User-friendly wallet that can store TOMO, ETH, & ERC20 tokens\n- Small market cap. Under-the-radar\n\n# Why is it needed?\n\nScalability is an issue in the blockchain industry that is plaguing all major platforms. This limits the efficiency and cost-effectiveness required to realize its potential for mass adoption\n\nDuring the heightened trading volume during the market uptick of late 2017, lack of scaling meant that the Bitcoin transactions were taking hours or even days to be processed, with fees skyrocketing.\n\nSimilarly, the launch of the popular “CryptoKitties” dApp last autumn, brought the entire multi-billion dollar Ethereum network to a standstill for over a week.\n\nThis is the problem that TomoChain is tackling head-on.\n\n# How does it work?\n\nTomoChain utilizes “horizontal scaling”, an ingenious approach which uses second layer blockchains to redistribute computing and reduce congestion.\n\nThis has led to transaction speeds reaching 1000 transactions per second at just this early stage of the project, with confirmations taking less than 2 seconds.\n\nAll Ethereum based dApps, smart contracts and protocols will be interoperable with the TomoChain network and will be able to benefit from high bandwidth and processing power, fast confirmations, and near-zero fees, while projects building on TomoChain will be fully interoperable with the legacy Ethereum network via atomic cross chain swaps.\n\n\n\nIn addition to this, TOMO will have masternodes that will support easy and fast creation of child-chains. This will overcome the problem of congestion that currently plagues Ethereum.\n\nThe cross-chain scaling offered by Tomochain is a noteworthy hallmark of the project. The increases in efficiency coupled with Ethereum interoperability make the project more of a complement rather than a competitor at the outset.\n\nAs Tomochain continues to scale the network, these benefits will be important for attracting developers and businesses.\n\n# What is TomoApp?\n\n\n\nTomoApp beta is live on Android and iOS. Please visit www.tomoapp.com for details.\nTomoApp is the first consumer application utilizing the Tomochain infrastructure, built by the Tomo team.\n\nTomoapp will be a tokenized version a knowledge sharing app (think Quora) where users can ask questions, produce content (videos, articles, etc.), and build a knowledge base together.\n\nIt is already up and running with an average of 5,000–10,000 weekly users. Tomocoin, the native currency of TomoChain, will be integrated into the Tomoapp, allowing each user receive rewards from other users for his or her contribution to the network, and store it safely in the TomoWallet.\n\n# What is TomoWallet?\n\n\n\nThe TomoWallet will be developed by the team to provide a secure platform to send and receive tokens. Able to store, send, and receive Tomocoin, Ether, and all ETH-based tokens, the wallet offers an intuitive interface to its user.\n\n# Who’s on the TomoChain team?\n\n\n\nThe TomoChain team is well versed in the blockchain space, with extensive experience between them.\n\n### Founder & Project Lead — Long Vuong\n- Co-Founder and former Project Lead for NEM — 2 Billion market map, Ranked #13 on CMC\n- One of the first participants in Building the NXT Project — 178 Million market cap — Ranked #80 on CMC\n- Graduate of Fullstack Academy of Code — #1 coding bootcamp in NY & Chicago\n- Ph.D Candidate at UMASS — Economics\n\n### Co-Founder & CTO — Son Nguyen\n-Founder of Blockchain Development Group (Vietnam) — Over 800 active members\n-Masters Degree in Engineering — Hanoi University of Science & Technology — #1 university in Vietnam\n\n### Co-Founder & CFO — Le Ho\n- CFA — 10+ years experience in Finance & Investment\n- Former Senior Investment Manager at BIVM –Largest state owned bank in Vietnam\n\n# Who are their advisors?\n\n\n\n- **Roger Lim** — Founding Partner at NEO Global Capital , director for QLink, advisor for Bluzelle, Fortuna, & others\n- **Chance Du** — Founding Partner at Coefficient Ventures, advisor for Havven & Iotex\n- **Antoine Naijarin** — Head of strategy & operations at Devery\n- **Androklis Polymenis** — Co-Founder of CryptXO\n- **Hoang Nguyen** — VP of Engineering a WeTrust\n- **Min Kim** — Head of Business Development at Bee Token\n- **Shekhar Bhusannavar** — GM at Meed Fintech & Business Dev Director at Timo Bank\n\n# Who are their partners / investors?\n\n\n\n- **NEO** — $6 Billion market cap — #6 on CMC\n- **Hedge Funds/Venture Capital** — Signum Capital, Global Blockchain Innovative Capital, Hashed, One Block Capital, Hyper Chain Capital, Connect Capital, Carbon Block Ventures, 1 kx, Eden Block\n- **Growth/Research Partners** — Block Discover, Coefficient Ventures, Crypt1XO, Blockchain Investment Club\n- **Bigbom ECO** — Decentralized advertising ecosystem\n\n# How far along is TomoChain’s development?\n\nProgress is already well underway, with a live public testnet and demo wallet, where users can transfer tokens between chains.\n\nTOMOAPP TomoChain launched its Android/IOS app and testnet in 2017.\n\n# What’s coming up next?\n\n- **Alpha public release** — Q2 2018\n- **Token integration on testnet** — Q2 2018\n- **Tomoapp official release & Tomo wallet release** — Q3 2018\n- **Mainnet launch** — Q3 2018\n- **TOMO ICO’s** (5 dApps already lined up) — Q3 2018\n- **Decentralized exchange & smart contract integration** — Q4 2018\n\n# What were the ICO metrics?\n\n- **Circulating supply:** 55 million\n- **ICO price:** $0.25 USD\n- **ICO hard cap:** $8.5 million\n\n\n# What is the token utility?\n\n- Used as payment for all services and third party applications wishing to use the TOMO network\n- P2P Currency\n- Masternode rewards\n\n# What is the market cap?\n\nAt the time of this writing, TOMO is trading at $0.72 (.00095 ETH). With a circulating supply of 55M TOMO, this puts the market cap at $40M.\n\nIf TOMO were to grow to the size of DRGN it would be at a 10x multiplier. Were it to capture even one-quarter of the market of ETH, it would be at a 470x multiplier.\n\n# Our TomoChain rating: 8/10\n\nVision — 8/10\nTeam — 7/10\nAdvisors — 7/10\nRoadmap — 8/10\nToken utility — 9/10\nToken metrics — 9.5/10\n\n\n## Follow us at www.twitter.com/blockgrade\n\nNote: Blockgrade Capital and its affiliates do not provide investment, legal or accounting advice. This material and opinion above has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, investment, legal or accounting advice.",
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}theblockgradeupdated their account properties2018/05/18 07:23:33
theblockgradeupdated their account properties
2018/05/18 07:23:33
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| Transaction Info | Block #22531965/Trx d94d48c7888469639a950d65e806a057eccbe96f |
View Raw JSON Data
{
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}theblockgradeupdated their account properties2018/05/18 07:23:03
theblockgradeupdated their account properties
2018/05/18 07:23:03
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| Transaction Info | Block #22531955/Trx 377cf44dd001f52b11494b4c65aa3394ed53c1d3 |
View Raw JSON Data
{
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}theblockgradeupdated their account properties2018/05/18 07:21:36
theblockgradeupdated their account properties
2018/05/18 07:21:36
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| Transaction Info | Block #22531926/Trx fb49f99f65f45f5407635ef0b2751086b5551727 |
View Raw JSON Data
{
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}theblockgradeupdated their account properties2018/05/18 06:39:12
theblockgradeupdated their account properties
2018/05/18 06:39:12
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| Transaction Info | Block #22531078/Trx 47361c453301ca974450b3927be8d8e2ee161b1d |
View Raw JSON Data
{
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}theblockgradeupdated their account properties2018/05/18 06:37:45
theblockgradeupdated their account properties
2018/05/18 06:37:45
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| Transaction Info | Block #22531049/Trx ef0e7306f9a5e2bc209b35ba308eaccab02e41d5 |
View Raw JSON Data
{
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}theblockgradeupdated their account properties2018/05/18 06:35:09
theblockgradeupdated their account properties
2018/05/18 06:35:09
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| Transaction Info | Block #22530997/Trx d7800ce738f1e4e504429d9051ebfe0077355ed4 |
View Raw JSON Data
{
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}blocktradessent 2.194 STEEM to @theblockgrade2018/05/18 05:58:00
blocktradessent 2.194 STEEM to @theblockgrade
2018/05/18 05:58:00
| from | blocktrades |
| to | theblockgrade |
| amount | 2.194 STEEM |
| memo | |
| Transaction Info | Block #22530254/Trx c8ff1aa2d1130bf8873f86952db62b2bf025d2a7 |
View Raw JSON Data
{
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}blocktradescreated a new account: @theblockgrade2018/05/18 05:58:00
blocktradescreated a new account: @theblockgrade
2018/05/18 05:58:00
| fee | 3.000 STEEM |
| creator | blocktrades |
| new account name | theblockgrade |
| owner | {"weight_threshold":1,"account_auths":[],"key_auths":[["STM5okxQzixPb4BqWR1pakhqjNJnMeo2KhPNXJMTovaThSep82ZL8",1]]} |
| active | {"weight_threshold":1,"account_auths":[],"key_auths":[["STM8deMZP1fJ7CPmq94GKsa77iXNZFYZdfs3NXGwMRpsBfMBtNr4B",1]]} |
| posting | {"weight_threshold":1,"account_auths":[],"key_auths":[["STM4weDZ5kTmZ6D5rspBJBhsxtEZipFdgKdNUBT2gzxsLpQJAxyJA",1]]} |
| memo key | STM8kAsD4fgwW4Abktpms2oqkQzTaz5RUgmXWHSFVVkGPs1vn4wFF |
| json metadata | {} |
| Transaction Info | Block #22530254/Trx c8ff1aa2d1130bf8873f86952db62b2bf025d2a7 |
View Raw JSON Data
{
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"timestamp": "2018-05-18T05:58:00",
"op": [
"account_create",
{
"fee": "3.000 STEEM",
"creator": "blocktrades",
"new_account_name": "theblockgrade",
"owner": {
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"account_auths": [],
"key_auths": [
[
"STM5okxQzixPb4BqWR1pakhqjNJnMeo2KhPNXJMTovaThSep82ZL8",
1
]
]
},
"active": {
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1
]
]
},
"posting": {
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"key_auths": [
[
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1
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]
},
"memo_key": "STM8kAsD4fgwW4Abktpms2oqkQzTaz5RUgmXWHSFVVkGPs1vn4wFF",
"json_metadata": "{}"
}
]
}Manabar
Voting Power100.00%
Downvote Power100.00%
Resource Credits100.00%
Reputation Progress0.00%
{
"voting_manabar": {
"current_mana": 10000,
"last_update_time": 1526623080
},
"downvote_manabar": {
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"last_update_time": 1526623080
},
"rc_account": {
"account": "theblockgrade",
"rc_manabar": {
"current_mana": "12508517779",
"last_update_time": 1537887600
},
"max_rc_creation_adjustment": {
"amount": "2020748973",
"precision": 6,
"nai": "@@000000037"
},
"max_rc": "12508517779"
}
}Account Metadata
| POSTING JSON METADATA | |
| profile | {} |
| JSON METADATA | |
| profile | {} |
{
"posting_json_metadata": {
"profile": {}
},
"json_metadata": {
"profile": {}
}
}Auth Keys
Owner
Single Signature
Public Keys
STM5okxQzixPb4BqWR1pakhqjNJnMeo2KhPNXJMTovaThSep82ZL81/1
Active
Single Signature
Public Keys
STM8deMZP1fJ7CPmq94GKsa77iXNZFYZdfs3NXGwMRpsBfMBtNr4B1/1
Posting
Single Signature
Public Keys
STM4weDZ5kTmZ6D5rspBJBhsxtEZipFdgKdNUBT2gzxsLpQJAxyJA1/1
Memo
STM8kAsD4fgwW4Abktpms2oqkQzTaz5RUgmXWHSFVVkGPs1vn4wFF
{
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1
]
]
},
"active": {
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"account_auths": [],
"key_auths": [
[
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1
]
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},
"posting": {
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"account_auths": [],
"key_auths": [
[
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1
]
]
},
"memo": "STM8kAsD4fgwW4Abktpms2oqkQzTaz5RUgmXWHSFVVkGPs1vn4wFF"
}Witness Votes
0 / 30
No active witness votes.
[]