Tag Archives: blockchain

Jack Ma amp Ant Financial Implementing Blockchain Technology

Jack Ma-led Chinese e-commerce giant Alibaba’s fintech conglomerate Ant Financial considers blockchain technology as one of the five key technologies that will dominate every industry in the long-term.

Ant Financial Hopes to Use Blockchain in its Core Businesses

At the TechCrunch International City Event held in Hangzhou this week, Zhang Hui, the director of Blockchain Department at Ant Financial, stated that alongside AI, Security, IoT, and computing, blockchain is a key technology the company is actively developing and testing to implement it at a large commercial scale.

Zhang noted that in terms of immutability and decentralization, blockchain technology in its current form is impeccable. Using blockchain enables the ability to process sensitive data and personal information in a peer-to-peer manner without the involvement of intermediaries. However, Zhang emphasized that scalability is a major issue of blockchain technology that needs to be addressed to bring in conglomerates and industry leaders into the blockchain sector.

In the long-term, Zhang and the rest of his team at Ant Financial believe the company will implement blockchain technology onto its core businesses and platforms, as Alibaba founder and chairman Jack Ma suggested in 2017. However, for the technology to have significant impact on existing financial infrastructures, its capacity will need to be improved exponentially to handle tens of thousands of transactions per second.

TechCrunch partner Technode, a technology publication in China, reported:

“Looking forward, Zhang hopes that blockchain will create new business models for the company and not just provide value-added services. Zhang also hopes to expand their blockchain-based cross-border payment services globally and explore more B2C use cases.”

Influence of Ant Financial in the Asian Market

In Asia, even outside of China, Ant Financial’s core platform Alipay is widely utilized as an alternative payment method to cash. By mainstream adoption, Alipay is ahead of Samsung Pay, Android Pay, and Apple Pay in most Asian countries including Japan, China, Thailand, and Taiwan.

In May, due to the rapid growth of Alipay, Ant Financial raised a staggering $10 billion from a group of global and local investors, valuing the company at $150 billion. One of the investors in Ant Financial is Khazanah Nasional, a sovereign wealth fund of the Government of Malaysia, which holds commercial assets of the government.

The interest towards digital assets and their underlying technology by Ant Financial may lead to the adoption of the technology by Alipay, which remains as the biggest fintech platform in the world as of July 2018, without major competitors.

Earlier in June, Alibaba chairman Jack Ma described the meteoric rise of digital assets and their exponential increase in value since 2017 a “bubble,” but noted that the blockchain is a revolutionary technology.

“It is…not right to become rich overnight by betting on blockchain. Technology itself isn’t the bubble, but bitcoin likely is,” Ma said.

As a controlling shareholder of Ant Financial, Ma also said that the technology should be used to solve data privacy, security, and sustainability issues, and not finance tools and concepts for making money, referring to ICOs and newly emerging tokens.

CREDITS: The post $150 Billion-Valued Ant Financial Makes a Bit Bet on Blockchain Technology appeared first on CCN:
https://www.ccn.com/150-billion-valued-ant-financial-makes-a-bit-bet-on-blockchain-technology

E. Sue Bennett

Problem: Creator of Web Realizes It’s Gone Way Wrong

Solution: Decentralization of data, giving individual users unprecedented power over their data and how it's used. 

The need for radical change is evident as it pertains to privacy and security, which will result in true data ownership as well as improved privacy.

Enter the New Sheriff in town: Markethive, whose mission is clear. Creation of a decentralized, autonomous social market network ecosystem that is controlled by its entrepreneurial members worldwide. The days of social media platforms using your data, tracking your activites, content and conversations for what turns out to be their financial gain and the loss of your privacy is OVER!

It's also important to note, that with this entirely new approach is the ability for subscribers/members to "earn while learning" and to generate a truly universal income, thereby placing the power, privacy, security and revenues back into the hands of individuals.

From the moment he decided to share the web with the world, Tim Berners-Lee knew his invention could be dangerous.

That became especially obvious when Facebook's Cambridge Analytica scandal broke — a moment that "devastated" the father of the world wide web, he recently told Vanity Fair in an interview. 

People have been Berners-Lee's top priority since he envisioned the web nearly 30 years ago. That's why he released the internet as an open-source platform and never profited off its invention. And he knew it would reshape the world, both for better and worse.

The worse came when Facebook revealed it had improperly shared as many as 87 million users' data with Cambridge Analytica, a consulting firm tied to President Trump's campaign. "We demonstrated that the web had failed instead of served humanity," Berners-Lee tells Vanity Fair. But Berners-Lee knew the web was faulty long before that, and he's been examining ways to fix it since the 2016 election. Since this initial discovery, it would seem this is just the tip of a very large iceberg lurking beneath the surface and is now being revealed.

Repairing the internet means ensuring billionaires like Elon Musk don't have better web access than, say, everyone in Ethiopia, Berners-Lee says. His first step is a platform called Solid, which gives individual users unprecedented power over their data and how it's used. Anyone can log in to help build Solid, but Berners-Lee suggests those without coding skills "go out on the streets" and advocate to change what the internet has become.

Read more at Vanity FairKathryn Krawczyk

 

E. Sue Bennett

Malta Determined To Become The Blockchain Island’

Regulations, Adoption, Binance Headquarters

Excerpts from an article from Cointelegraph, by Hector Sanchez dated April 9, 2018
Complete article here: http://hive.pe/yJ

Malta has made it obvious that it wants to become the “Blockchain island” and it seems determined to achieve its goal.

A notable confirmation that Malta is moving in the right direction regarding Distributed Ledger Technology (DLT) regulation was the recent announcement by Binance. The largest cryptocurrency exchange in the world by volume chose Malta for their new headquarters after the warnings received from Japan, China and Hong Kong.

Binance CEO Changpeng Zhao, known as “CZ”, welcomed other projects to Malta such as Tron:

Silvio Schembri, Junior Minister for Financial Services, Digital Economy & Innovation within the Office of the Prime Minister of Malta, commented to Cointelegraph on the news:

“Binance’s decision is a vote of confidence in what we’re offering as a country and as a Government in this sector, that is legal certainty in this space. During the meeting with CZ I explained our long-term vision reflected in the policy document that was launched in February, ‘Malta – A leader in DLT Regulation.’ We are not shying away but instead want to unleash the opportunities that holds by regulating the sector without stifling innovation. Ultimately our vision is to make Malta ‘The Blockchain Island’.”

 

E. Sue Bennett

Markethive Chooses The ILP vs ICO

@Markethive Prepares To Launch: Choosing The ILP vs. ICO

About blockhive and History of the ILP. 

blockhive is an Estonia-based blockchain company with roots in Japan. blockhive utilizes blockchain technology to create practical and innovative solutions for companies, helping them unlock new markets. blockhive is developing an ecosystem for the incubation of projects that have the potential to benefit from blockchain technology. 

The blockhive team believes that decentralized technology has the potential to tackle some of the problems in the society today such as inequality by creating a new layer of trust that enables people to hold and trade value. blockhive is committed to products and services that enhance the lives of individuals.

What Is Initial Loan Procurement?

With that belief, blockhive has launched the initial loan procurement concept (ILP), a new method of fundraising using legally
binding smart contracts. This funding model has become the choice that Markethive opted for in raising the necessary capital to further grow the Markethive infrastructure and ecosystem being built in preparation for their imminent launch, and to support upcoming projects still in the pipeline.

An ILP is an innovative way to raise capital, for not only startups, but also for businesses and government entities to get the funding needed to grow and/or to fund projects on a global scale. We look forward to introducing this new method to others after our ILP so that others can benefit from it as well.

Advantages Of The ILP.

The best thing about the digital loan procurement model is that it has clear legal parameters that already govern existing credit markets. Contributors in the ILP period can be assured that their funds are protected by legally binding loan agreements regulations. The interest earned will also fall under the rules used in the jurisdiction of the token owner.

Another benefit of this model is that it sidesteps the disadvantages that come with over tokenization where projects using the token sale to raise funds can damage the utility of the token in the economy for which it was designed.

The blockhive team believes that decentralized technology has the potential to tackle some of the problems in the society today such as inequality by creating a new layer of trust that enables people to hold and trade value.

Like blockhive, Markethive is committed to products and services that better enhance the lives of individuals.

Countdown to Markethive's launch has begun. You will want to stay closely tuned in for all the latest news and updates.

E. Sue Bennett

Markethive: Leading the Way Multiple Revenue Streams

@Markethive:
Leads the Way, Multiple Revenue Streams

I'd be willing to bet you've been told this before: don’t put all your eggs in one basket. This concept is as relevant in business as in any other facet of life in general, and something that Markethive represents and subscribes to more than most.

Most successful companies in the world who have seen explosive growth and their successes strengthened, even during the darkest of economic times when the markets are at best seen as "underperforming", can contribute their gains to being able to tap into various profitable streams of income and resources.

We’ve seen companies such as Apple rely upon this diversification standard, depending upon not only on their sales of iPhones, iPads and MacBooks, but also being able to generate revenues through their music and other subscription services.

Depending entirely upon only one revenue source is as risky as investing all of your money into only one stock, commodity or asset. If the market or your investment crashes for any reason or the economy "tanks" or turns upside down, you are in real trouble, as we saw happen in the Great Recession of 2008-2009.

A substantial startup that embodies this "generation of diversified income streams business model" is Markethive, a company that incubates multiple projects and ventures that are able to benefit greatly from blockchain technology.
 

As well as being well-known for its ILP model that provides a viable alternative to the more traditional ICO model of funding, Markethive represents a number of revenue sources, thereby establishing that its income is diverse and not entirely dependent upon just one source.

When it comes to the generation of multiple income sources, Markethive is also open to working in conjunction with strategic partnerships with other companies.

In my opinion, and to summarize … all businesses should look to implement ways to broaden their revenue streams. Markethive is actually known for being in front of the leading edge curve, and already appears to be leading the way with respect to utilizing blockchain technology in very innovative and creative ways. The possibilities are virtually limitless.

E. Sue Bennett