Will IOTA be better than blockchain

Some researchers are claiming that the exponential increase in cryptocurrency and will bog down blockhain transaction.

Right now, it appears that IOTA is less secure than blockchain for currencies but there are huge investments being made in this blockchain 2 standard. 


What is IOTA?

David Sønstebø Founder of IOTA

The IOTA Foundation is thrilled to introduce an ambitious project that has been in the making since 2015. The Data Marketplace is IOTA’s most comprehensive pilot study thus far. The goal is to enable a truly decentralized data marketplace to open up the data silos that currently keep data limited to the control of a few entities. Data is one of the most imperative ingredients in the machine economy and the connected world.

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Data first

Data is one of the most fundamental ingredients in the machine economy and the connected world. It is the foundation upon which the other strata of the Data — Information — Knowledge — Wisdom (DIKW) Pyramid are dependent. Without this primary substrate, nothing can be established about the world. A datum (plural: data) is the raw value of a qualitative or quantitative variable; a pure unfiltered input from reality. Data sets that are structured and thus have had meaning extracted from them constitute what we consider to be information. Information tells us something concrete and coherent about the world through context. Contextualized information thus makes up what we know as knowledge, which in turn gives rise to our (and our machines’) ability to make wise decisions. Wisdom is knowledge applied.

The illustration above shows how the different echelons of this hierarchy are intertwined. The sensors, here cameras, monitoring the road are receiving signals from the photons reflecting off the surface of their environment. This is data. The measured speed of the moving objects and their relative positions is the meaningful information extracted from these datum inputs. This information is next contextualized and distilled into knowledge, telling the drivers on the road viaOver-The-Air updates that the road may be congested due to a crash, which allows drivers to apply the wisdom to take an alternative route.

Machine Economy

Over the next next decade, there will be more than 75 billion connected devices that interact in different manners. This will give rise to a ‘Machine Economy’ where devices will trade everything from storage, computation/analytics to electricity and sensor data. The data trade in this pilot project will highlight and explore the potential of these developments. With the prospect of tens of billions of devices generating data, we will see a proliferation of data that is unmatched in history.

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Source: Statista

In 2017 more data was generated than in the past 5000 years combined, and this will rise tenfold in less than a decade. We are truly living in the era of data.

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Source: IDC

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Crudely put, data is the new crude

It is effortless to draw parallels between the tectonic shift caused by the impact of oil and its derivatives in the past century (in terms of giving rise to a fossil-fueled economic combustion engine and mass-production through plastics) with how data will be the catalyst of the economic engine of the future. While every filament of our digital zeitgeist is unequivocally telling us that data is the fuel of the future, there is an important distinction: unlike oil, which is finite and whose properties are well known in terms of what it can produce (and pollute), data is for all practical purposes limitless.

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We have barely scratched the surface of what kind of data will be generated or what incredible discoveries will be made by the AI algorithms analyzing it in the future. New innovations, precision medicine, synergistic business models, climate change diagnostics, materials sciences advancements and more are already on the horizon. Just as our brains acquire wisdom and knowledge through the information they distill from the data they receive from our sensory organs, so does the world-changing AI paradigm shift require data from sensors to derive new information, knowledge and wisdom.

Data Economy Big Data is Big Business

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The sheer magnitude of data and the influence it has had, and increasingly will have, on our society automatically comes with huge business opportunities that will be worth tens of billions over the next few years. Trading data will be a mutually beneficial exercise that boosts innovation for companies and creates entirely new revenue streams of data that would otherwise simply go to waste.

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Data wants to be free, but not for free.

The largest obstacle preventing the fulfillment of the grandeur envisaged by ‘Big Data’ is the fact that the overwhelming majority of data remains locked in what is called ‘Data Silos’. Data silos do not, or at best very rarely, share its data outside its own closed environment. This leads to enormous quantities of wasted data, often over 99% is lost to the void, (source: McKinsey 2015) that could potentially contain extremely valuable information if allowed to flow freely in data streams that create an open and decentralized data lake that is accessible to any compensating party.

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There are several reasons for the cumbersome and wasteful status quo. On the one hand, data wants to be free in the sense that its storage and transmission costs less and less over time; on the other hand, large quantities of data are extremely valuable and are not free to generate. These diametrically opposed conditions cause a gridlock that needs to be broken in order for Big Data to become truly big. A major cause of this is the fact that, while data sharing is becoming cheaper from a technological perspective, it is prohibitively expensive to sell fine, granular data in real-time due to intermediary fees — not to mention all the red tape one has to cut through in order to complete a single data purchase. These conditions make real-time data trade all but impossible. By 2025 it is projected that around 95% of all data will be generated by IoT devices in real-time (source: IDC 2017), so this is a pressing issue.

A third obstacle is the lack of ensured authenticity and audit trails of data. Before adoption of Distributed Ledger Technologies, data transmission protocols and databases were susceptible to various attacks, including ‘man in the middle’ attacks and data tampering. Data is only as valuable as it is valid. In short, if the data input is garbage, the output will also be garbage (GIGO).

This is why the IOTA protocol becomes necessary to unlock data’s gigantic potential.

IOTA

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IOTA’s unique public Distributed Ledger architecture, called Tangle, is a form ofDirected Acyclic Graph in which every transaction or data transmission validates two previous ones, which in turn each referenced two previous ones before them, and so on. This means that validation of the network is an intrinsic property of the network and is thus no longer decoupled from the usage of the network, as is the case with regular blockchain architectures. This removes fees entirely on transactions and data transmissions, thereby removing the real-time, fine-granular payment obstacle. It also ensures costless data integrity, which resolves the security concerns tied to data trading. Additionally, this design means that the network remains entirely decentralized, unlike blockchain architectures which centralize around mining-farms which then further centralize into mining-pools.

This project has roots stretching years back and is now finally ready to begin its first phase with public testing. The Data Marketplace is open for everyone to participate right now, and over the coming weeks we will be opening up an API for the marketplace so that anyone can contribute sensors and build new data-driven applications. Right now, the entire Proof of Concept runs in real-time on the IOTA test network, with full end-to-end data verifiability and security offered viaMasked Authenticated Messaging in the user’s browser.

Over the coming weeks, the IOTA Foundation, in collaboration with several of the marketplace participants, will release additional content. This will include Proof of Concept applications further elucidating how the data marketplace can be applied to different industries and sectors. Most important is the community’s participation, where the IOTA Foundation will host several events over the coming weeks to make the data marketplace a truly global, collaborative effort. The final result of the data marketplace will be a public report including several case studies that go into detail on the potential and the barriers we will face when rolling out a marketplace in full-scale production. Major emphasis will be dedicated to the impact of the EU’s General Data Protection Regulation (GDPR) on the planned future live data marketplace.

The IOTA Foundation is exhilarated to be able to announce that we have several dozen world-leading entities participating in this data marketplace which will run over the next 2 months. We deem it pivotal to have such a plethora of varied data sources from multiple stakeholders participating in this pilot to nurture the blossoming of this seed of potential and move beyond grandiose promises and theory into the real world.

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Quotes from the IOTA Data Marketplace participants: Accenture Labs “Today we are working closely with a wide range of key technology providers in the blockchain space and we are happy to have the chance to participate in the IOTA Data Marketplace project. We want to have a deeper look in IOTA technology to grasp hands-on experience and provide our client the right understanding of IOTA and its potential business implications.” -Accenture Labs in Sophia Antipolis Agder Energi “Agder Energi appreciate to be invited to collaborate with IOTA and the rest of the participants. We are excited to get to know the Data Marketplace and explore the opportunities in IOTA’s distributed ledger technology and particularly usage within the energy industry. Will the technology enable P2P trading of power?”
– Rune Hogga, Agder Energi, Project Manager Pilot E Nordic Impact “With the democratization of data through the IOTA platform we see the start of an abundant world. We will move towards a world where we will give people access to clean water, food, energy, health care, education, and everything else that is necessary for a having a good life”. Anders Lier -Chairman Nordic Impact /Advisor IOTA Alpiq & Gridsense The engagement of people for a world with less CO2-emission is important, monetizing their investment into renewable energy-production & -consumption by offering their “Energy-Information and -Flexibility” to a market. With IOTA is “Energy-Information and -Flexibility” getting a pricing and is a real incentive to be a part of a world with renewable energies” APG SGA “We are very excited to contribute with our sensors to this proof of concept. The IOTA data marketplace offers a unique possibility to open up our sensor data to interested third parties and to monetize it through micro transactions. Furthermore, we believe that the IOTA tangle has great potential to introduce a trust and transparency layer in a network of sensors for smart city use cases.” — Jan Berchtold, Head AdTech Lab at APG|SGA Deutsche Telekom “We think it’s a great opportunity for Deustche Telekom to investigate and prototype future blockchain-based, data-driven business models with different partners. Compliance with data privacy regulations has to be regarded at every stage, and IOTA provides the right tech, right now.” — John Calian, VP, The Blockchain Group at Telekom Innovation Laboratories DNV GL Business Assurance “We thank IOTA for inviting DNV GL to join the Data Marketplace Initiative. Fast, efficient and secure machine-to-machine data transactions, including its monetization, is essential in order to unleash the real potential of any solution based on Distributed Ledger Technology, and enable a true sharing economy. We hope to contribute to this revolutionary concept by creating the foundation of a new Digital Assurance concept, leveraging on the value and utility of real time data in a digitally trusted ecosystem,” -Renato Grottola, Global Digital Transformation Director in DNV GL — Business Assurance. Elering “Over two thirds of the people in Europe will have a smart meter in their home by 2020*. This data can be extremely valuable for innovative new services. Elering’s Estfeed platform enables access to meter data and it is fully compliant with data protection laws — end-consumers are in charge of their data, controlling which services can access it.“ -Georg Rute, Development Manager for Digitalisation at Elering AS ENGIE “As a Research Lab, we are very excited to be part of the Data Market Initiative with the IOTA and the Foundation. IOTA DLT is a potential game changer in M2M ecosystems and it could be an effective and scalable technical backbone for transaction between IoT. This Data MarketPlace will allow us to offer new way to expose, consume data. Data Market Place will extend access to data in a fair 360 financial model to a large new community and will provide opportunities for new services for energy and beyond.” -Dr. Ph.Calvez, Head of the Lab for Computer Science and Artificial Intelligence Engie Lab, France. EWE In the age of digital business models and the extensive use of data, we need a secure and responsible way to deal with data. The IOTA Marketplace renders an impressive facility for the self-determined sale of sensor data and uses the advantages of a trustworthy and and fail-safe database. In the energy domain, utilities are at a decisive point. The far-reaching processes of change that have taken place over the last few years in the energy industry as a whole address many fundamental challenges that need to be resolved in the next major step. For EWE AG, it is clear that digital business models make an important contribution to the transformation of energy systems. In particular, the innovation project enera is testing the energy system of the future on a large scale. In addition to smart grids, new market models, and innovative data science methods, new technologies such as IOTA and blockchain also play an important part.” -Dr. Justin Heinermann, Data Scientist EWE AG, Oldenburg Fujitsu “The possibilities of applications based on Blockchain and especially Tangle (“next generation Blockchain”) are immense. Providing public access to valuable data is one of the most pressing challenges within IOT. The Data Marketplace of the IOTA Foundation is one of the most innovative initiatives in this area. As one of the world’s largest IT companies, Fujitsu is strongly supportive by developing Blockchain and Tangle-based offerings and actively integrating them as scalable solutions into the ecosystems of our customers.” — Dr. Rolf Werner, Head of Central Europe at Fujitsu ISBM / ICE Lab “By giving objects the possibility to communicate over the Internet, IoT enables a new generation of processes and scenarios in countless application domains. Among the most disruptive features coming up in the near future is the ability of objects and machines to make decisions about buying and selling data, resources and materials, implementing the so called Machine Economy. An architecture like the IoTA Tangle, able to manage transactions with no fees — and offering at the same time the high security features made possible using Distributed Ledger Technologies — is the missing link needed to make all this come true. ISMB and Politecnico di Torino have cooperated for many years on the application of IoT technologies in domains like mobility, energy, health and manufacturing. We are proud to be among the first users to have the opportunity to add machine economy features to the numerous use cases we find in our applied research activities and projects” Microsoft “ We are excited to partner with IOTA foundation and proud to be associated with its new data marketplace initiative. This next generation technology will accelerate the connected, intelligent world and go beyond blockchain that will foster innovation real world solutions, applications and pilots for our customers”. — Omkar Naik Movimento (owned by Delphi) “In the era of software-defined everything, democratizing trust while maintaining continuous transparency with ecosystem partners and customers will define the winners and losers of tomorrow. The IOTA-based solution will help in democratizing every product as a potential service with full transparency, accountability and immutability of contracts and transactions. Sharing of vehicles and data with full transparency, accountability, trust, integrity, security with undisputed contracts/agreements is going to disrupt the existing centralized cloud-based ride sharing models.” NTNU “We are excited to be a part of the IOTA Data Marketplace in order to develop new business models and solutions to many of the pressing challenges for Smart Cities, including low carbon urban development, renewable energy system integration, citizen empowerment, clean mobility solutions, privacy, and cyber-physical security.” -Patrick Driscoll, Project Developer, Smart Sustainable Cities NTNU Orange “Orange is happy to participate, together with IOTA and partners of this open innovation initiative, to this proof-of-concept of IoT data marketplace as a way to better understand the potential of the Tangle distributed ledger technology.” -T. Coupaye, VP Research, IoT, Orange Oslo Business Region “Smart cities need to learn to leverage available technologies to their benefit. We’re excited for IOTA and their potential for contributing to a green smart city, and to support them further with the ambition to put Oslo in the forefront in this area.” -Silje Bareksten. Head of Smart City Poyry “We are looking forward to the cooperation under this great initiative that aligns perfectly with our #PoyryDigital services development,” says Stephen Woodhouse, Director at Pöyry Management Consulting. “We work with energy companies to prepare for the future business models and to organise the markets for the future. In one vision, the flexibility to operate the electricity system will come from decentralised sources, including millions of household devices. To make this world work, transactions must be near instantaneous and their costs must be almost zero. While Pöyry is working on a number of promising Blockchain initiatives relating to distributed data market solutions, IOTA offers an alternative ‘distributed ledger’ approach, and Pöyry is keen to understand its possibilities. Schneider Electric “Schneider-Electric collaborates with IOTA, as it provides a sustainable technology, to experiment Blockchains and Distributed Ledger beyond the limits of the usual PoC. But theses technologies only remove existing locks. Schneider-Electric actively engages in this Data Marketplace to explore potential new businesses.” Tine We see a great potential to use IOTA within the agricultural sector, and are eager to get more hands-on experience through the Data Marketplace. The support from the foundation has made it very easy for us to participate in this exiting initiative -Michael Fridman Trianel “Distributed ledger technologies provide the opportunity to develop exiting new energy solutions such as platforms for peer-to-peer trading between prosumers and private consumers. So far Blockchains are not living up to their promises — especially in terms of scalability, transaction cost and transaction speed. We trust the Open Data Marketplace will show: Yes, IOTA Tangle can.” -Thorsten Seiferth, Ph. D. — Head of Corporate Development TUM “In Germany, it is still very difficult for research organizations and start-ups in the area of digital mobility services to get access to sensor data at scale and with high quality to develop next generation connected mobility solutions. Our TUM Living Lab Connected Mobility is participating in the IOTA data marketplace to better understand the potential of IOTA to establish a decentralized and compliant market place for mobility data with a decentralized governance structure.” — Professor Dr. Florian Matthes Universidad Nacional de Colombia “We thank IOTA for inviting Universidad Nacional de Colombia, Sede Bogota to join the Data Marketplace Initiative. Fast, efficient and secure machine-to-machine data transactions. We hope to contribute to this revolutionary concept by simulation of a new Digital concept in smart campus” -Javier Rosero Garcia, Director, Research Group of Electrical Machines and Drives (EM&D), Universidad Nacional de Colombia, Sede Bogota. University in Oslo In the Strategy 2020 document, University of Oslo (UiO) has declared several areas of outmost relevance to the work of the IOTA foundation. Worthwhile to notice are “grasp and illuminate societal challenges” and “take a clear responsibility in meeting the challenges facing the world”. What we address through the collaboration between IOTA and UiO are trust and security in the sensor-driven digital world. We see the approach from the IOTA Foundation as a promising technology for ensuring traceability and integrity of data, thus look forward for the collaboration relevant for both our national and international research projects related to security, privacy and trust. -Prof. Josef Noll, Department of Technology Systems, UiO Enexis “Together with IOTA we explore the future and the changes that Distributed Ledger Technology may bring. The data market place makes the usability of the tangle tangible. All data marketplace users are filling the tangle with data with which the developers of tomorrow can build useful applications.
 
As a grid company we believe in the power of sharing and open (free) data to co create beneficial for society. Together with the Iota foundations we are looking for solutions to make data more secure and trustworthy. The datamarket place will play a significant role in our endeavors ” -Jan-Peter Doomernik, sr business developer at Enexis Group (Dutch Grid operator)
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David Sønstebø

Founder of IOTA

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Official IOTA blog

This article originally appeared at: https://blog.iota.org/iota-data-marketplace-cb6be463ac7f.

Blockchain: A technical primer

Great info here on what blockchain is, how it works, and possible uses.

https://www2.deloitte.com/insights/us/en/topics/emerging-technologies/blockchain-technical-primer.html?id=us:2sm:3tw:4di_gl:5eng:6di&utm_content=bufferad8e2&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Energy Web Foundation Launches Public, Open-source, Enterprise-grade Blockchain Tailored to the Energy Sector

Zug, Switzerland, 19 June 2019 – The Energy Web Foundation (EWF) today announced that it has launched the world’s first public, open-source, enterprise-grade blockchain tailored to the energy sector: the Energy Web Chain (EW Chain). More than 10 EWF Affiliates—including utilities, grid operators, and blockchain developers—are hosting validator nodes for the live network. In addition, EWF is currently tracking 17 decentralized applications (dApps) running on Energy Web test networks that are expected to transition to the live network over the coming weeks. This first wave of dApps focuses on making it easier for individuals and companies to buy renewable energy, enabling customer-owned devices like batteries or air conditioning units to balance the grid (and be paid for doing so), and simplifying the way electric vehicles are charged.

“We started Energy Web Foundation in 2017 with a promise: a production version of Energy Web Chain by Q2 2019. We are proud to announce that we kept our promise. Energy Web Chain is now running in production mode,” said Hervé Touati, co-founder and chief executive officer for EWF. “Our next target, to be reached latest by Q4 2019, is to fully decentralize the chain. At that point, it will no longer be ‘our’ chain; it will be the energy sector’s blockchain—the first public blockchain where blocks are validated by energy sector companies.”

“EW token holders are alongside our worldwide EWF Affiliate community, supporting a platform capable of underpinning hundreds of different dApps that can fundamentally transform the energy sector,” added Jesse Morris, chief commercial officer of EWF. “Global energy sector investment last year totaled $1.8 trillion. And the Energy Web Chain—with its 100+ network of supporting Affiliates—boasts an unprecedented pathway to blockchain solution adoption and global scale across that massive industry.”

Over ten organizations are hosting validator nodes for the Energy Web Chain. These organizations are the foundation of the Energy Web chain’s public Proof-of-Authority (PoA) network design: a publicly accessible, ethereum-based network with permissioned validators. The chain itself is public; any company, individual, or internet-connected device can transact across the network without permission. This dramatically increases network interoperability and reduces solution development cost. At the same time, the chain’s validators are permissioned—they are known energy market participants identified and affiliated with EWF, and who has in essence “staked their brand” to help stand up this energy-specific blockchain. This PoA-based design comes with three additional benefits for the energy sector: scalability, energy efficiency (which also equates to low transaction costs for energy market participants using the network), and increased regulatory compliance.

“The Energy Web is essentially a new operating system—a new digital DNA—for the electricity grid,” explained EWF’s Morris. “Other token-based energy blockchain projects are focused on delivering singular decentralized applications. By contrast, the Energy Web is a blockchain infrastructure project focused on supporting all blockchain developers looking to accelerate the global transition away from fossil fuels toward efficiency and renewables. That’s a huge and exciting distinction.”

Today’s EW Chain launch represents the latest major milestone in the Energy Web’s fast-growing ecosystem. EWF formed in early 2017 with support from co-founders Rocky Mountain Institute and Grid Singularity, as well as a cohort of ~12 initial Affiliates. By early 2018 EWF had surpassed 40 Affiliates and by early 2019 had crossed the 100-Affiliate threshold. Meanwhile, a growing list of respected utilities and grid operators have launched demonstrations, pilots, and even pre-commercial deployments on Energy Web test networks, including PJM-EIS, SP Group, Acciona, Iberdrola, Elia, and Stedin, among many others.

Like most public blockchains, the Energy Web Chain uses a native token to pay transaction costs and reward validators. But organizations are already experimenting across the Energy Web test networks and mainnet with additional uses of the token including: a) token staking to enhance data reputation and quality from internet-connected devices (e.g., electric vehicles, solar farms), b) directly using EW Tokens to pay prosumers and others for participating in the energy market, and c) decentralized finance for energy (e.g., stablecoins produced via EWT staking).

Beyond novel uses of the token, an expanding set of open-source software development toolkits (SDKs) help speed the time to commercial dApps, while the EW Link protocol allows everything from utility SCADA systems to smart meters to edge devices (e.g., inverters, EVs, thermostats) to connect to the EW Chain and transact via their digital identities. With billions of connected energy devices forecasted in the years just ahead, enabling them to easily transact on the Energy Web Chain is paramount.

“The electricity sector is on a clear pathway: more renewables, more distributed energy, more electric vehicles. According to industry forecasts, by 2030 consumers would invest more money in distribution-edge devices—solar PV, batteries, charging stations, electric vehicles, smart controls—than electric utilities would invest in power generation and electricity grids. This is a massive and unprecedented shift,” observed EWF’s Touati. “That shift will put enormous pressure on utilities to integrate all these investments and make good use of them. Customers will not want to pay twice. For that, utilities need new kinds of software technology, like the Energy Web Chain—distributed, open source, run by the industry—allowing low cost interoperability and trust between millions of devices and retailers or grid operators. Energy Web is bringing energy—if not power—back to the people.”

About Energy Web Foundation

Energy Web Foundation (EWF) is a global, member-driven nonprofit accelerating a low-carbon, customer-centric electricity system by unleashing the potential of blockchain and decentralized technologies. EWF focuses on technology integration and development, fostering market innovation, speeding adoption, and building community. 

In mid-2019, EWF launched the Energy Web Chain, the world’s first enterprise-grade, open-source blockchain platform tailored to the sector’s regulatory, operational, and market needs. EWF also fostered the world’s largest energy blockchain ecosystem, comprising utilities, grid operators, renewable energy developers, corporate energy buyers, and others.

The Energy Web has become the industry’s leading energy blockchain partner and most-respected voice of authority on energy blockchain. 

For more, visit https://energyweb.org

Coinbase Expands Cryptocurrency Visa Debit Cards Across Europe

Cryptocurrency exchange Coinbase has expanded its Visa debit card service to six European countries, allowing customers in the region to spend their digital assets.

According to a report from CNBC on Wednesday, the Coinbase Card is now available for users in Spain, Germany, France, Italy, Ireland, and the Netherlands.

With the card, customers will be able to spend their cryptocurrency assets including bitcoin, ethereum, and litecoin in both online and physical stores that accept Visa.

Coinbase first rolled out a cryptocurrency Visa debit card in April, exclusively for users based in the U.K. at the time.

Zeeshan Feroz, CEO of Coinbase U.K., did not disclose how many users the firm had signed up since April but said in an interview with CNBC that it had “blew past” the initial 1,000 cards issued to customers for free.

Coinbase Cards are linked to a mobile app available on both Android and iOS devices, in which customers can select which type of cryptocurrency they would like to use to fund each spending.

That said, customers are not directly paying merchants with crypto assets. Instead, Coinbase charges a fee to help convert users’ cryptocurrencies into a fiat currency, i.e. euro in the new offering.

The firm partners with PaySafe, a U.K. payment processor, to issue the cards.

Image courtesy to Coinbase

This article originally appeared at: https://www.coindesk.com/coinbase-expands-cryptocurrency-visa-debit-cards-across-europe.

Tokenized Hives with Honey Payouts, Beehive: what’s not to like!

Tokenized Hives

It’s a simple idea. Build an apiary by selling tokens, each of which denotes ownership of part of a hive. When a buyer has enough tokens, they actually ‘own’ a hive – based in Romania – that is fully managed for them. Hive owners receive periodic payouts of honey, posted to their home address, all paid for by the profit margins the beekeepers enjoy, thanks to being able to operate at scale. (Alternatively, token holders can receive a cash equivalent in crypto.) Tokens trade on the open market and so hives can be transferred to new owners, with administration through the Beehive platform. This kind of use case would be virtually impossible without blockchain and an internet community underpinning it.

Tokenized Honey

It’s a fun but serious project, since these are professional beekeepers with an eye to the long term. The driving force behind Beehive is that bees are under threat from human pollution and farming methods, but they are absolutely essential to our environment and current way of life. The team are tech-savvy, using all kinds of sensors and software, not only to ensure the wellbeing of their hives but to report to their token holders and provide the maximum possible transparency. 

The Beehive team are expanding their project, with applications for EU grants and new features being added to the platform. At this point, they are targeting 2,000 hives.

Beehive is one of those rare gems in crypto: a legitimate case for tokenized  that delivered immediately, and is run with competence and transparency. At present, crypto adoption is driven by the big platforms and speculation so we wanted to take a moment to focus on this little known use case. The returns are far more tangible and enjoyable than many other projects. As crypto matures, we can only hope to see more like this.

Huobi Global will launch Prime Lite and list ThunderCore on May 9, 2019

Since the launch of Huobi Prime on March 26, 2019, Huobi Global has significantly promoted the development of high-quality projects by providing an efficient listing process, innovative trading model and in-depth advisory services. Huobi Prime also offers users with trading opportunities at low cost through rigorous project review and filtration, 0 trading fees and a unique “price limit” mechanism. Ever since, Huobi Prime has become quality blockchain projects first and best choice for service platform.

In order to further improve the listing service and meet the practical needs of varieties of project teams, Huobi Global will officially launch an ultra-fast version of the Huobi Prime – Prime Lite on May 9, 2019 (GMT+8).

Prime Lite is a niche brand of Huobi Prime, projects listing through Prime Lite are still required to meet all the thresholds for our Smartchain v2.0 evaluation model, and will be able to leverage resources from Huobi’s worldwide local exchanges, Huobi Pool, Huobi Wallet, Huobi Chat as well as Huobi Eco Partners.

Compared to Huobi Prime, Prime Lite will have the following features:

1. Shorter listing cycle and more flexible listing schedule

2. Trading allocations for users are more flexible

3. To facilitate the development of HT (Huobi Token), all HT exchanged will be burnt

The first Prime Lite project will be ThunderCore (TT), and total trading allocation reserved for Prime Lite will be worth roughly 500,000 USDT. Specific project information and trading rules will be further disclosed in subsequent announcements.

This article originally appeared at: https://huobiglobal.zendesk.com/hc/en-us/articles/360000243462-Huobi-Global-will-launch-Prime-Lite-and-list-ThunderCore-on-May-9-2019-.

UPS uses blockchain to ease e-commerce

Setting up, selling and shipping products online is getting easier for B2B merchants thanks to a new alliance between UPS (NYSE: UPS) and e-commerce technology company Inxeption. Today, the two companies announced a platform integration called Inxeption Zippy that helps businesses market and distribute their products on multiple online channels, from one secure place.

Inxeption’s e-commerce platform and online product catalog enable manufacturers, distributors and wholesalers to easily set up a company-branded online site to conduct e-commerce transactions. Inxeption then helps them list, market and sell their products to their business customers. Its blockchain-backed technology helps ensure that sensitive information such as contract-specific pricing and negotiated rates are only shared between the buyer and seller.

The integration of UPS as the shipper of choice creates a seamless, end-to-end experience where merchants can view their entire supply chain from product listing to delivery. Merchants can now receive competitive UPS® global shipping, tracking and logistics services with a suite of sales and supply-chain management capabilities for:

  • Building a webpage and uploading product information
  • Scheduling orders and shipments and monitoring returns
  • Managing purchase orders, bulk orders and multimodal shipments
  • Processing transactions by credit card, purchase orders, or financing
  • Conducting search engine marketing
  • Reviewing sales and marketing analytics

 “The growth of e-commerce is driving B2B buyers to expect the same fast and convenient shopping experiences that consumers enjoy,” said Kevin Warren, chief marketing officer for UPS. “Working with Inxeption is another way we’re creating innovative solutions that helps small businesses deliver quality service for their customers and succeed in e-commerce.”

B2B e-commerce is evolving fast, with Forrester projecting the market to reach $1.8 trillion by 2023; yet B2B merchants have been slow to adopt online commerce. Most B2B products are still sold through direct sales, third-party distribution, or both.

By integrating advanced technology with global logistics, UPS and Inxeption are turning more B2B merchants into digital sellers and equipping them to drive online sales and grow their top line revenue. In turn, their customers can easily order and receive their products with trusted shipping from UPS.

“We’re revolutionizing B2B e-commerce and bringing companies and their customers together online in a trusted manner,” said Farzad Dibachi, CEO of Inxeption. “This relationship creates simplified pricing solutions for B2B merchants with limited digital marketing and IT resources to easily manage all aspects of selling and shipping from one secure place.”

For more information, visit https://www.inxeption.com/zippy.html.

The State of Colorado Passes Crypto Exemptions Bill into Law

Colorado state governor Jared S. Polis has signed the Colorado Digital token act into law, according to a document published on March 6.

The digital token act which was initially proposed in January and sponsored at state level by Republican rep Jack Tate as well as Democratic party rep Steve Fenberg, provides limited exemptions for securities registration and traders, as well as salesperson licensing requirements for persons dealing in digital tokens.

The bill that has finally made it into law identifies a “digital token as a digital unit with specified characteristics, secured through a decentralized ledger and database, which is exchangeable for goods or services, and are capable of being traded or transferred between persons without an intermediary or custodian value”.  

The state of Colorado legislators who have actively discussed, debated, and deliberated on the issue of cryptos, famously voted down a previous bill that would govern blockchain tokens last May. The bill defined an “open blockchain token” and exempted certain open blockchain tokens from being defined as a security.

Some of the members of the private sector were left dejected with the legislator voting outcome while venture capitalist and blockchain investor David Gold said;

“This is an opportunity for Colorado to say, ‘Look, we’re going to provide an environment that provides clarity for the sector. That doesn’t mean charlatans can violate security laws.’ Those who oppose it simply don’t understand it.”

In early March, Republican Senator Jack Tate, together with representatives Jeni James Arndt, and Marc Catlin of the democratic and republican parties respectively, filed a bill that tasks the Colorado water institute at Colorado State University with studying the potential implementation of blockchain to manage a database of water rights.

Popular crypto publication Cointelegraph reported in February that two blockchain related bills had been passed in US state of Wyoming. Both Bills, one pertaining to the tokenization of assets and other relating to depositories serving blockchain businesses- and another introduced in January this year and will come into effect later in 2019.

The state of Colorado has easily been one of the most receptive states towards the Blockchain and cryptocurrencies in the United States. In a February 27 event the Colorado governor declared that Colorado was open for blockchain business. Polis just secured the gubernatorial seat a few months ago, but he’s been no stranger to crypto.

He being the first congressman to accept Bitcoin during his campaign explains why the state of Colorado is so crypto friendly. Colorado and Wyoming are some of the states that have taken the lead when it comes to championing for and supporting the Blockchain and crypto technologies.