Everledger chooses Oracle Blockchain platform Unlock ...

warning - hackathon winning blockchain based idea stolen by industry...

wanted to put this out as a warning to anyone going along to hackathons and pitching bitcoin/blockchain based ideas. just had to write this email to techcrunch...
Your article:
contains inaccuracies that a bit of research would have uncovered.
"She presented her idea at an Aviva hackathon last year.."
I was on the 2 man team that won aviva's startup weekend last year with this idea.
Leanne did not come up with the idea or present the idea she wasn't even a full member of our team, all she did was steal the idea.
It was 100% Edward Harpham's idea.
He had the idea for a blockchain based ledger for recording your personal property that could be used by insurance companies to check and verify claims.
The idea was all done and ready to present by saturday afternoon, Ed just had to finish up the working technical demo and I just had to finish the keynote.
We then talked to Aviva's guy Paul Heybourne and he said it would be great for them in verifying luxury items claims such as watches and jewelry.
He then introduced us to leanne kemp as she worked in the industry, she told us more about how the diamond industry worked and about diamond certification.
She did not have any substantial understanding about blockchain or even bitcoin. Her only contribution was that Ed's idea could be applied to the diamond industry for verifying certificates.
I said it would be good for the presentation to just narrow down the idea's application to one specific use = verifying diamond certification. As we felt sorry for leanne not having a team we let her join ours as a token gesture, but she did not contribute anything beyond suggesting that Ed's idea could be applied in the diamond industry.
I then wrote and presented the entire pitch on the sunday and Ed did the fully working technical demo. You can see the work and presentation I did here: https://www.behance.net/gallery/24096221/IceChain-App
Therefore if you could amend your article to either give credit to myself and Edward Harpham for winning the hackathon with our idea and leanne then stealing it. or remove any reference to leanne coming up with the idea and presenting and winning the hackathon, that would make the article more factual.
** edit*** I think people are misinterpreting the post as if I'm bitter and angry and complaining about it. I'm just a designer and It wasn't even my idea. My personal view is fair play to anyone who uses the idea legitimately (ie someone who works hard to develop and make the idea on their own and give due credits as opposed to straight rip off plagiarism). So you can stop frothing at the mouth a quoting "execution not ideas!" from your 'entrepreneurship for dummies' at me. I was just offended about that one particular person was claiming she came up with the whole thing herself when she most certainly did not. Also I wanted to warn other people about hackathons as they might really be invested in their idea and then see it poached by someone else which could be devastating to them. Also I was really interested in provoking a discussion about what has value: the ideas, or the implementation? should the work done at hackathons be protected or is it all public domain? thanks to everyone who discussed, apologies for any overly antagonistic replies:D
submitted by hxcast to Bitcoin [link] [comments]

Wheaton Precious Metals to Deploy Blockchain in Metal Accounting Processes

Wheaton Precious Metals to Deploy Blockchain in Metal Accounting Processes
Precious metals streaming company Wheaton Precious Metals (WPM) will use blockchain technology to facilitate its metal accounting processes, mining.com reported on June 12.

WPM has reportedly hired software company Blockhead Technologies to deploy its blockchain-based platform STAMP to streamline metal accounting processes. Specifically, the platform purportedly enables its users to track and source certification into mining value chains. By using the platform, WPM aims to boost data management processes and conduct data analysis.

WPM is one of the world's largest precious metals streaming companies. In the fourth quarter of 2018, WPM reportedly generated nearly $110 million in operating cash flow, bringing total operating cash flow for the year to over $475 million. The company produced over 370,000 ounces of gold, 24 million ounces of silver and 14,000 ounces of palladium.

Some other major producers and consumers of metals around the world have also integrated blockchain into their internal processes. In April, Volkswagen joined a blockchain-powered scheme to ensure the cobalt used in lithium-ion batteries for its electric vehicles is responsibly sourced.

In January, IBM partnered with MineHub Technologies to deliver a blockchain solution that will improve supply chain management in the mining and metals industry. The product is set to “increase the level of automation, reduce reliance on intermediaries and increase the speed at which goods are transferred from miners to end buyers.”

As reported last September, Hong Kong-based jewelry retailer Chow Tai Fook reportedly put records of some of its diamonds on a distributed leger developed by blockchain startup Everledger and secured by the IBM Blockchain Platform. This will reportedly enable the retailer’s customers to ascertain the origin and authenticity of gems sold in its T Mark-branded stores.

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submitted by Bitcoin_Exchange7 to u/Bitcoin_Exchange7 [link] [comments]

Saudi Arabia, UAE poised to launch digital currency

Take what you want from this article. It is very interesting. We will see what happens from here.
Saudi Arabia, UAE poised to launch digital currency.
RICHARD WACHMAN | Published — Thursday 14 December 2017
Although there is much skepticism around bitcoin, the underlying blockchain technology is viewed as a groundbreaking system. (Reuters) LONDON: Saudi Arabia and the UAE are working on the launch of a digital currency that could be used for transactions between the region’s banks by using blockchain, the technology that underpins bitcoin.
Citing UAE Central Bank Gov. Mubarak Al-Mansouri, Reuters reported on Wednesday that UAE and KSA banks would issue a digital currency that would be accepted in cross-border transactions between the two countries. In a speech to a regional financial conference, Al-Mansouri explained that blockchain is a shared ledger of transactions, maintained by a network of computers on the Internet rather than by a central authority. Although there is official skepticism around bitcoin, blockchain is viewed as a groundbreaking system with huge potential for saving time and costs for businesses and financial services.
Arab News recently reported that banks around the world were looking to create digital versions of their currencies. Unlike bitcoin, these digital currencies would be backed by the monetary authorities and could one day replace cash. James Bernard, development director of the Dubai Multi Commodities Center (DMCC), told Arab News that a clear distinction should be made between blockchain, which offers huge potential, and cryptocurrencies that have faced hacking issues and massive swings in value. “Bitcoin is dependent on blockchain, but the blockchain technology is independent of bitcoin,” Bernard said.
The KSA and UAE central banks have in the past expressed skepticism about bitcoin, with the UAE Central Bank saying it did not recognize it as an official currency. In July, the Saudi central bank warned against trading bitcoin because it was outside the bank’s regulatory reach. On Wednesday, however, Al-Mansouri said the central banks wanted to understand blockchain technology better. He told reporters that the UAE-Saudi digital currency would be used among banks, not by individual consumers, and would make transactions more efficient. “It is digitization of what we do already between central banks and banks,” he said.
At a panel discussion on banking and blockchain during November’s Global Financial Forum — hosted by the Dubai International Financial Center — speakers agreed that blockchain was in its early stages and had many years before going mainstream, but all agreed the potential was massive. Leanne Kemp, CEO of Everledger, told the forum that banks could benefit from the immutable track-and-trace application of blockchain, which helps enhance trust and security. Brian Behlendorf, executive director at Hyperledger, explained that there are two different types of blockchain: Permissioned and permission-less, with the latter used by bitcoin. Behlendorf said he believed the potential benefits of the permissioned blockchain makes it attractive to financial institutions and other enterprises.
At the end of 2016, the Royal Mint of the UK announced plans to launch a digital gold product called Royal Mint Gold (RMG), a joint venture with US exchange, CME. A spokesman told Arab News earlier the system is now “up and running” and the Royal Mint is “in advanced discussions to sign up a number of corporate users.” "By using distributed ledger technology, we can make it more cost-effective and provide increased transparency for traders and investors to trade, execute and settle gold,” said the Royal Mint.
A decade ago, the UAE and Saudi Arabia discussed the possibility of creating a single currency among members of the six-nation Gulf Cooperation Council but the UAE pulled out of the project in 2009. However, diplomatic and economic ties between the UAE and Saudi Arabia have been strengthening this year, and last week the UAE said it planned to establish a bilateral committee with Saudi Arabia on economic, political and military issues.
submitted by revolution114 to Stellar [link] [comments]

Blockchain summit report: Day 2 - Final report for the week

Final day. I'm tired from 6 days of sessions, and many of the sessions today were more high level "we are a bank / enterprise that are looking into what the cloud can do for us". So I skipped taking notes for a lot of them.
Factom. Blockchain Technology tools for net gen asset systems
Most of old asset records are paper based, difficult to update. Databases are too easy to modify. Blockchain is a happy medium.
They have a way to do document tracking on Blockchain.
Issue is privacy on the Blockchain. It is a giant shared database, everyone can see what you are transacting. Like trading securities. Possible solutions: Private chain, restricted read access.
Could try to do it off chain and put hash on chain, but then the blockchain is just a timestamping service. Encryption can hide the values, but not the people. Ring encryption can hide the people.
Zero-knowledge security layer. Enables private transactions. Supports "Selective disclosure".
What the 2 parties see: Alice sells 1,0000 MSFT to Bob at USD 97.123
What the trade repository aggregator sees (selective disclosure): sells 1,0000 MSFT to at USD 97.123
What everyone else sees: sells to at
Internet has a security encryption layer (SSL). Cryptography (SSL) was required to let the Internet grow. Blockchain needs a security layer (ZK security layer)
Plans on releasing their zCash Blockchain on Oct 28
http://bloq.com/ Bringing Enterprise to Blockchain. Trying to be like Redhat for Blockchain. Enterprise support 24/7, security fixes, monthly subscription.
"Blockchain operating system". On-premises software stack.
Open Bazaar
https://openbazaar.org/ Open distributed trade market. With no fees. Ebay & Taobao are C2C (Consumer to Consumer) trade platforms. Has an escrow style payment system. Buyer puts money into escrow, merchant sends, buyer releases from escrow.
Ebay is completely centralised. Every communication goes through Ebay and you pay them for the privilege. Open Bazaar is distributed, you talk direct to each other.
Challenges of Building Decentralised markets: P2P software more complex than standard websites. Designing incentives to encourage users to act responsibly. Ensuring software is secure & reliable. Translate difficult tech into mainstream user experience.
Benefits of buying & selling on OpenBazaar: sell ANYTHING you want, anywhere (some things just aren't available for purchase in that country). No buyer or seller fees. No data collection by 3rd parties. No restrictions on how you operate your business. Market of moderators that compete to provide quality dispute resolution.
Can purchase weird things like hot sauce, and North Korean cigarettes.
Version 2.0, you can purchase digitital goods (music, videos) and get it delivered instantly. Great for sellers as they will get to keep all the revenue, and not lose the 30% cut that iTunes takes.
A turnkey solution to securely connect physical goods to a Blockchain. Blockchain benefits for IoT are incresingly recognized by developers and enterprise, and hundres of potential physical world use cases have been identitifed. The lack of a turnkey solutoin to securely connect and engage with assets with assets on chain is a huge barrier to development.
Turnkey solution: Ethereum smart contracts. BLE & NFS microchip inventory. Custom, secure chip firmware. Registration & authentication SDK. Open registry explorer. Tamperproof form factors so people can't functionally remove the chip. Device sends a challenge to the chip. Private key securely stored in the chip signs the challenge. Signed challenge is compared to public key stored on Blockchain. Has an open registry explorer (blockchain explorer)
Use cases: Authenticity & provenance. Handbags, fine art, wine, collectible sneakers, event ticketing. Atomic financial transactions. New sharing economies. Micro & peer to peer insurance. Collateral & security. Physical world affiliate networks. Machine to Machine interaction. Drone with a chip flies to a garage, it is recognised as being whitelisted, the garage door opens.
Provenance means "the history of something". It's life story. Is very important for luxury items like artwork. You may have the expensive thing, but may have misplaced the certificate of authenticity. Digital global ledger to track items of value. Currently tacking diamonds (write its unique dimensions, physical properties, faults, etc. gives it a unique ID). Later if they are stolen and tried to be sold elsewhere, then can grab them. Currently 98,000 diamonds tracked on their Blockchain.
Can track provenance to track origins of rough diamonds, through to polished stone. To ensure that they don't come from conflict areas. Can have IoT enabled diamond analysis devices, that can auto get the properties and look up its authenticity in the Blockchain.
http://Augur.net Prediction platform built on Ethereum.
Would be cool to ask Siri/Cortana a generic question like "who will win the US presidential candidate will win the US presidency?". Predication market works by creating a market on a question. You purchase a share in the prediction, then if you predicted correctly, you get your share of the pool. "wisdom of the crowd". The average answer that comes out of a crowd is usually consistently better than an expert.
International remittances of money transfers are expensive, with long delays. Legacy payment systems are expensive, complicated and slow.
Used to be unreliable to send email to each other, needed to manually specify routes. But SMTP made it a simple open protocol that anyone could use. Why hasn't this been adopted for payments?
Bitcoin allowed sending money as a single network. They want Stellar to be the protocol to send money from any 2 points, through any payment network. Like Alice pays Bob, but it goes through Bitcoin network, through Dash, then pays Bob in Doge.
submitted by DavidBurela to ethereum [link] [comments]

Everledger uses Blockchain on IBM LinuxONE™ The Price of Bitcoin Set to Rise Into The Halving EDGE 2016  The Power of the Individual  Full version Blockchain: Re-imagining The Worlds Luxury Goods Supply Chain InterConnect 2017 Digital Currency Has Real Value — Here’s Why  CNBC

Walker’s comments were made in stark contrast to representatives also present at the meeting from blockchain companies Everledger and Ripple, and a researcher from King’s College London, all of whom spoke of the potential benefits of the technology, in that it could save the banking industry millions of dollars. Everledger: blockchain-based diamond fraud detection. Written by Roger Peverelli and Reggy de Feniks - Founders The DIA Community on 16 Mar, 2016. Blockchain. Everledger is a digital, permanent, global ledger that tracks and protects items of value by using the Bitcoin blockchain as a platform for provenance and combating insurance fraud. Startup company providing blockchain solutions to track the origin of high value assets on a global digital ledger. The startup offers banks, open markets, and insurers traceability and supply chain solutions to tackle fraud and mitigate business risks by leveraging new technologies such as smart contracts, machine vision, and blockchain technology. Everledger: blockchain-based diamond fraud detection. Written by Roger Peverelli and Reggy de Feniks - Founders The DIA Community on 16 Mar, 2016. Blockchain. Everledger is a digital, permanent, global ledger that tracks and protects items of value by using the Bitcoin blockchain as a platform for provenance and combating insurance fraud. We develop technology to create a secure and permanent digital record of an asset’s origin, characteristics and ownership. This transparency helps industries respond to growing expectations for sustainable, verifiable sourcing.

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Everledger uses Blockchain on IBM LinuxONE™

At least for some, bitcoin is seen to have both scarcity and utility. That makes it valuable. ... Digital Currency Has Real Value — Here’s Why CNBC. Loading... Autoplay When autoplay is ... Find out more about Everledger's blockchai... Skip navigation Sign in. ... Bitcoin TV Recommended for you. ... Former LVMH CEO Yves Carcelle on the global luxury value chain - Duration: 10:53. Everledger is creating new technology to track and protect items of value that will bring a higher level of security and trust to the market, ensuring the credibility of an item's provenance. Leanne Kemp, CEO and Founder of Everledger, explains how Blockchain and LinuxONE help Everledger build a digital ledger. "When you are in the business of provenance, secured records, access and ... Leanne Kemp, originally from Australia is a serial entrepreneur, currently the founder & CEO of Everledger – a digital, global ledger that tracks and protects items of value.