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At last, with the launch of LEGAL tokens, SmartOne has a legal solution for the crypto community – Crypto Insider

At last, with the launch of LEGAL tokens, SmartOne has a legal solution for the crypto community – Crypto Insider

The world of crypto enterprise is booming and the vast potential of Blockchain technology is finally being realised. From global banks to bootstrapped start-ups, thousands of organisations are creating blockchain-enabled technologies and all of them are coming up against the same challenges: they are discovering that in this brave new world, it is the traditionalism of the legal sector that creates the biggest obstacles.

SmartOne, based in Lichtenstein, has been working to solve the problem of a lack of access to suitable legal services for the crypto community. The result of their work is LEGAL, a new Ethereum-based token that operates the SmartOne Protocol.

LEGAL provides discounted access to a marketplace that works for the crypto community by making legal services both easily accessible and suitable for blockchain-based businesses.

“SmartOne and the LEGAL token represent an enormous step forward for the legal sector,” said Prof. Thomas Fischer, Foundation Council President of SmartOne.

“Until the launch of LEGAL and the SmartOne marketplace, the crypto community was not being properly served by the legal profession and this was creating problems, particularly in regard to regulatory and compliance matters.”

“By creating a legal marketplace that offers services to the crypto community in a format that works for them, SmartOne is solving a problem that had the potential to stunt the growth of blockchain-based services.”

“We’re looking forward to a successful Token Generating Event in October 2017 and are very excited about the potential for SmartOne and LEGAL tokens to shape the legal profession for decades to come.”

By providing access to “crypto-friendly” legal, regulatory and compliance services, SmartOne believes that crypto enterprises will now be able to satisfy the requirements of the financial services markets. In turn, this will help them gain access to the funding they need to become successful businesses.

As SmartOne prepares for LEGAL’s token generating event, its longer term aims include the creation of an entire eco-system that will serve to promote research and development activities connected to the SmartOne protocol.

The SmartOne Foundation, LEGAL and the SmartOne Protocol

The LEGAL token lies at the heart of the SmartOne ecosystem. Its main roles are to provide memberships and serving as a license to use the SmartOne protocols, which enable token holders to access legal services, including the common regulatory requirements of Anti-Money Laundering (AML) and Know Your Client (KYC) processes, through blockchain technology.

The tiered membership system will provide holders of LEGAL with a range of benefits including discounted access to legal services and selected future token launches carried out by SmartOne, as well as free access to premium services such as SmartOne’s TGE analysis.

In the coming months, SmartOne will also launch a risk ratings system for crypto assets that will help facilitate the entrance of institutional investors into the blockchain market by providing a level of confidence in the security of new token launches.

Underpinning the SmartOne protocol, the LEGAL token and the SmartOne ecosystem, is the SmartOne Foundation, a charitable organisation established in Liechtenstein with the intention of serving both as a provider of legal services to TGE organizers and financial institutions, and as an umbrella organization for the promotion of R&D activities connected to the SmartOne protocol.

A highly experienced team

SmartOne and the LEGAL token have been designed and created by a highly experienced team of financial, legal and technology experts based in Zug (Switzerland) and Liechtenstein. The team’s members bring together expertise that gives them a deep understanding of the challenges faced by many crypto enterprises including the legal, regulatory and compliance issues that have, until the launch of LEGAL, proved to be such an obstacle to the successful development of the blockchain sector.

Proven track record and partners

To deliver the legal services that the crypto community needs, SmartOne has partnered with SKUANI, a successful legal services marketplace; NextLex, a developer of cloud-based process automation software for documents and contracts. NextLex simplifies complex decision-making processes and implements risk management and compliance protocols.

SmartOne is also partnered with LegalOne, Switzerland’s first digital law firm, providing robust legal opinion for the implementation and analysis of TGE’s, thereby enabling crypto enterprises to launch with solid legal foundations.

Together these businesses lay the foundations for the revolution in legal services that is promised by SmartOne’s success.

SmartOne was officially launched on 30th August 2017 at Liechtenstein’s 7th Blockchain Meetup, held in Vaduz.


About SmartOne

SmartOne’s founders include:

Prof. Thomas Fischer, MA Law HSG, MA Finance HSG, M.Psych. University of Zurich, Lawyer
CEO Swiss ALP Asset Management; lecturer in leadership psychology at FHNW.
Reto Stiffler, lic.rer.pol, University of Fribourg
Swiss licensed financial analyst and asset manager (AZEK/CIIA); blockchain analyst.
Patrick Salm, MSc Banking & Finance HSLU, BSc Business Law ZHAW, CAS Blockchain
Founder and CEO Kepler Technologies LLC
Klaus D. Stark, BA FH St. Gallen
Partner Ganten Group; Managing Partner IBO (Liechtenstein) Ltd.

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Diversity and inclusion for Bitcoin – Crypto Insider

Diversity and inclusion for Bitcoin – Crypto Insider

This is re-published from Elaine’s Idle Mind

 


 

Global Bitcoin nodes distribution

No field of technology has accomplished as much as Bitcoin when it comes to promoting diversity and inclusion. Check it out — In recent weeks, we’ve learned:

  • North Korea spun up hundreds of Bitcoin (mining?) nodes beginning in May.
  • Japanese digital services company GMO is investing $90M in a new Bitcoin mining facility.
  • Putin’s Internet ombudsman is raising $100M for a Bitcoin mining farm. It will reportedly take advantage of Russia’s excess power capacity at deeply discounted rates.

Bitcoin’s strength lies in its jurisdictional diversity. Every transaction is created equal, no matter by whom or where. China’s concentration of mining power has been one of the biggest threats to Bitcoin, but if these new developments play out, we could see multiple state-sponsored server farms jockeying for power.

The biggest benefit of diversity is that every new idea is confronted with lots of competing opinions, so no decision ever gets done. This preserves the blockchain’s doctrine of immutability and permissionless access. The most inclusive state of the network is one in which every node is divided in a Mexican standoff.

I know, I know: People like to signal virtue by bemoaning Bitcoin’s lack of gender diversity. That’s okay. Signaling serves an important evolutionary function, and I have much respect for anyone privileged enough to expend resources on such an activity.

Still, diversity-driven virtue signaling is horribly misguided. Gender diversity is of zero concern for anything but the elitest of elite Western institutions. Bitcoin and its blockchain brethren are global: No other technological advancement so effectively serves state-oppressed Venezuelans as well as Silicon Valley software engineers. That’s the power of inclusion and equality.

Featured image added by Crypto Insider from Andrew Butler on Unsplash



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/r/Bitcoin: Where posts go to die – Crypto Insider

/r/Bitcoin: Where posts go to die – Crypto Insider

Disclaimer: the views expressed here are those of the author and do not necessarily represent Crypto Insider. Editor’s note: This post does not go into the politics of /r/Bitcoin vs /r/btc. To see varied opinions on this subject, you can start here


Remember that Simpsons episode where Mr. Burns has a knee that is hurting too much to bowl? And on his way to tell his bowling buddies (yes there is an episode where Mr Burns has bowling buddies), an attacker whacks him with a metal rod? The rod hits him in just the right spot to make him feel better, so that he can bowl in the tournament.

For a moment, I felt the same way when I went here to check a post I had placed there on Sept. 1.  Here’s what it said:

So I uh…. have been hearing so many people criticize r/bitcoin for alleged censorship that I thought I’d try and write an article about it. The issue has sort of become epic; I seem to hear about it everywhere I go. But it’s also easy to find people who hate Wal-Mart… and that’s mostly because Wal-Mart is popular. Full disclosure: Although I’m writing this for Crypto Insider, my channel RidleyReport.com receives ad purchases from Bitcoin.com. But that’s not where I’ve been hearing the concerns recently… you just got a new hole torn in you on NeoCashRadio.com. And I’m sort of disconnected from the issue by virtue of not using Reddit much. So: To what extent do you think this subreddit is overmoderated? Is there really an attempt to quash discussions about certain types of technical changes to bitcoin? Is openness/accessibility here on the rise over the last year or on the decline? Of the posts placed here over the last year, what percentage wound up being deleted by mods? More questions may follow as I think them up.

Not long after creating this I got pretty writer-blocked on the subject, couldn’t think of anything to add to all the anti-/r/Bitcoin rants I’ve heard from Free Talk Live callers and other sources. This article was about to die quietly. Like the great gonzo journalist before me, there I was…

“… alone… with this goddamn incredibly expensive car, no cash… no story for the paper.” Except I didn’t have an expensive car. Anyway, what happened next was this:

That’s how my post looked later when I was logged out, initially driving me to excitement… had I been censored? Well, this may have been more of a problem with Reddit than an an issue with /r/Bitcoin.   I tried posting to /r/btc and something similar happened… except I got a nice auto message in my inbox with suggestions for improving my posts.  I could see both posts while logged in, but neither while logged out. I still don’t know if my post on /r/Bitcoin about censorship was censored. I do know that hardly anyone saw it.

To some extent, it may just be that Reddit is just pulling a Facebook on us and trying to make us be logged in all the time.  I wonder how many false reports of censorship this may have generated against /r/Bitcoin…or /r/btc for that matter?  And shouldn’t it be easier to tell, whichever subreddit you’re on, where your post went and whether it was censored?  I can’t tell whether my posts from ten days ago are still showing on /r/Bitcoin or just on my list of outbound posts. Once posted… they are quickly buried under a barrage of new messages.

I’ve posted a total of about five messages now on /r/Bitcoin over a two-week period; none have received any comments or more than ten views; some did show up in the “new” section; some didn’t even make it that far.  I messaged the #2 and #3 moderators listed to try and find out what the status of the posts was. Neither has responded as of Sept 15, a few days after the inquiry.

They say, or they used to say, you’re not supposed to mess with anyone who writes for a paper. Nowadays… or maybe more like two years from now… they may replace, “paper” with “popular DTube channel” or “fuckton of Dash.” I’m not Hunter S. Thompson, and /r/Bitcoin can probably mess with me this way quite a bit before it starts to hurt them.  I don’t have a sense of being actively censored or persecuted… I wasn’t banned. After all this above I posted another message, a news link this time, around Sept. 16 and it did appear in their “new” section. But for what it’s worth I can add my little voice to the chorus:  /r/Bitcoin really does seem to be a place where your posts go to die.

Some folks are so pissed about their /r/Bitcoin experience they’ve been buying ads on talk radio griping about it and inviting folk to the alternate reddit, /r/btc. Additional grievances against /r/Bitcoin claim thread-content alteration and robo-banning of provocative words like “dash” and “moderator.”  I attempted to post two messages on /r/Bitcoin containing these two words. Both did appear to be automatically filtered… I never saw the posts in the list of new posts, though I stopped trying to find them after about ten minutes.  I can see the posts in my list of posts when logged in, but I don’t think anyone else ever got the chance.

John Blocke, writing on Medium.com, says there’s one 459 comment thread where 146 comments disappeared.  This thread also lists over 20 words their auto-mod removes.

So far BitcoinTalk.org seems to be the best place to go in my experience if you want to get responses but also not get censored much. After posting there dozens of times, I don’t think I’ve ever seen them remove one of my posts, and it’s fairly rare to see a post ignored.

I’m glad there is a bitcoin subreddit that has a lot of traffic and which is important enough that people care about its level of openness.  I have to assume some or all the mods on /r/Bitcoin donate a lot of their time and probably do helpful things for Bitcoin which we’ll never hear about.  And they are presumably within their human rights to forbid or permit whatever content they wish on their own subreddit.

The feeling on /r/Bitcoin is more one of being turned into a ghost than turned into a pariah.  But I’d rather be treated as the latter. In practice, the experience was even more unpleasant than what I expected after hearing all the horror stories.

I have since deactivated my Reddit account since I saw no use for it

Featured imagae by Kristina Flour on Unsplash

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Marine matters: How blockchain technology is stirring the waters for the shipping trade – Crypto Insider

Marine matters: How blockchain technology is stirring the waters for the shipping trade – Crypto Insider

The world’s marine industry giants have long been regarded as conservative, set in their ways and resistant to change. Yet, if recent blockchain-related developments are anything to go by, it seems nothing could be further from the truth.

In many parts of the world, shipping is seen as an industry on the decline. However, some say, blockchain pilot schemes are now helping breathe new life into the marine trade.

But where exactly does blockchain come into the shipping equation?

Well, for a start, it could help resolve eliminate document fraud cases and potentially reduce the need for costly dispute arbitration. In an industry plagued by fake agents, fake documents and even fake goods, blockchain’s immutable ledger system has the potential to kick fraud into touch for good.

In fact, when you think about it, cargo tracking is actually a fairly intuitive use for the blockchain. Maersk, the world’s biggest container ship and supply vessel operator, claimed back in 2014 that intercontinental shipments often require “mountains” of paperwork, with “processes involving nearly 30 people and organizations,” and comprising “up to 200 different interactions.” With blockchain technology, however, Maersk says it will be able to ditch paper documentation altogether and allow all parties to participate in an immutable digital ledger system instead.

Indeed, developments like these could, in theory, allow every party involved in the process to check on the status of a shipment at any point in the process – representing a very serious upgrade in both reliability and efficiency.

All hands on deck

Last year, British cargo management specialists Marine Transport International claimed to have developed the world’s “first public blockchain solution in the global shipping industry,” in association with a London-based data science company.

Maersk has recently begun tracking freight using the technology, and its rivals are also banking on blockchain.

Hyundai Merchant Marine (HMM), one of South Korea’s biggest shipping powerhouses, has claimed its maiden blockchain voyage was a success. The company earlier this month sent a refrigerated container shipment from the Korean port of Busan to Qingdao, on the east coast of China. HMM says it was so pleased with its handiwork that it now plans a second blockchain-powered shipment in October, with a view to expanding its usage of the technology on routes to India and Thailand.

Indeed, HMM earlier this year joined forces with Samsung affiliate Samsung SDS and the South Korean government in a shipping logistics consortium that aims to make extensive use of blockchain technology. The government is keen to introduce a new-found efficiency into marine enterprises following a series of bailouts. And as marine enterprises make up for some 33 percent of South Korea’s export economy, ministers hope that a blockchain-powered boost will help breathe new life into the industry.

In nearby Japan, several of the country’s biggest shippers – including Nippon Yushen (one of the oldest shipping companies in the world) – have recently formed their own 14-company consortium. Its members claim they are seeking to develop a Japanese trade data sharing platform

Port of call

Government bodies are now showing signs of an eagerness to board the blockchain boat. The Danish Maritime Authority’s new blockchain-powered pilot scheme could soon revolutionize the way ship owners register their vessels with Denmark’s marine authorities, potentially digitizing the entire process. The country’s industry minister says the blockchain initiative has the potential to keep costs down and boost trust in the shipping industry.

And several port authorities, particularly in Northern Europe, have begun working on their own blockchain-powered management platforms. These include the Port of Rotterdam, the biggest shipping port in Europe. Rotterdam’s venture was launched in association with the Netherlands’ Delft University of Technology and, its project manager claims, “This involves more than just talking about possibilities – we are really going to apply the technology.”

The Port of Antwerp, in neighboring Belgium, is following suit. The port (Europe’s second largest after Rotterdam) is aware that “fifty percent of the costs of cargo transport” is taken up by paperwork, and is now trialing a blockchain platform. The project is being undertaken by tech startup T-Mining, whose CEO claims, “Our ambition is to serve our first paying customers by the end of 2017.”

And with an office in Singapore, provided by Antwerp city authorities, the port’s blockchain platform could well soon end up with a foothold in Asia, too.

Meanwhile, elsewhere in Asia, thinkers in Malaysia have proposed using blockchain technology to manage smaller so-called Less Container Load (LCL) shipments in China’s ports, where small-scale cargo handling is often “complicated and inefficient.”

Full steam ahead

Many warn that it will not all be plain sailing for the shipping industry’s blockchain pioneers. Earlier this year, Ari Marjamaa, Chief Transformation Officer of logistics experts WWL, warned that blockchain would be “no silver bullet” for the shipping industry. Marjamaa said that without “open standards and industry-wide collaboration,” blockchain ventures could soon run into troubled waters.

Regardless, in the past few weeks, there have been more exciting developments. Maersk has gone on to announce a new blockchain-powered insurance platform with consultants EY, who claim the new offering is a “world-first.” Others, meanwhile, are claiming that blockchain could help shipping companies guard against ransomware and other cyber-attacks.

With the likes of Maersk, HMM and Europe’s two biggest ports already onboard, the blockchain ship seems to have already set sail for this industry – and time will soon tell us how successful these promising maiden voyages have really been.


This is part of the “Blockchain and Industry” series by Tim Alper. Want to see more? Check out:

Featured image from pexels

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Daily Roundup – September 15, 2017 – Crypto Insider

Daily Roundup – September 15, 2017 – Crypto Insider

According to CoinDesk, China’s bitcoin exchanges have received more clarity regarding the future of their businesses. At this time, it appears the key element of the new regulatory environment is the removal of the CNY-BTC trading pair.

According to CNBC, strategist Tom Lee believes bitcoin could surge to $25,000. His price estimate is based on bitcoin’s potential ability to creep into gold’s total market valuation.

According to The Washington Post, former commissioner of the SEC Arthur Levitt has said that cryptocurrencies are here to stay. Levitt added that he isn’t sure if it will be bitcoin, ethereum, or some other cryptocurrency that turns out to be the most successful.

According to Forbes, bitcoin miners may eventually move to space in order to take advantage of cheaper energy production costs.

According to the BTC-e Twitter account, the controversial exchange that has found itself in legal trouble from US law enforcement has relaunched under a new name (WEX) and trading is live.

Featured image via Pixabay.



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Fiat institutions in virtual worlds – Crypto Insider

Fiat institutions in virtual worlds – Crypto Insider

This is re-published from Elaine’s Idle Mind. Editor’s note: In a time of crypto unrest due to regulatory crackdowns, this is a gentle refresher on the concept of decentralization through the lens of alternative virtual economies


Long before the age of billion-dollar Bitcoin mines, China was the world’s richest source of World of Warcraft gold.

WoW gold is a virtual currency that players use to buy weapons and animals for in-game missions. The currency is normally earned by completing challenges and killing monsters, but professional “farmers” spend their days performing rote tasks to acquire gold which they resell for US dollars. For a while, Chinese prison guards forced labor camp inmates to play Warcraft so that they could harvest the gold. Even Steve Bannon helped run a gold farming business.

There’s more: Each game server features an auction house, where gold can be used to buy tokens redeemable for digital goods and access to other Blizzard games. Tokens trade in a real-time market. It’s not that different from the ether-ICO economy, except that central banks haven’t tried to ban World of Warcraft.

number of countries now want to control how people invest their digital currencies, but they will fail. Fiat authority is not transferable.

Just like money is a shared hallucination, so is authority. It makes no difference whether players are using virtual gold to buy virtual swords to join virtual guilds; or if they’re using virtual ether to buy virtual tokens issued by virtual companies. The only way to assert authority over a Warcraft realm is to become a max-level paladin, and the only way to assert authority over a decentralized currency is to control 51% of the nodes.

As a reminder, here is a handy guide from Mircea Popescu on how to interact with fiat institutions that attempt to claim jurisdiction over virtual realms.

See Also:
A history of World of Warcraft’s gold economy –Memory Insufficient

Featured image added by Crypto Insider from Maxime Rossignol on Unsplash 

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Daily Roundup – September 14, 2017 – Crypto Insider

Daily Roundup – September 14, 2017 – Crypto Insider

According to CNBC, China is said to be closing all of their bitcoin exchanges by the end of September. The China-based BTCC has already stated their intent to halt trading by the end of the month.

According to Forbes, the total cryptocurrency market is down nearly 40% from its all-time highs.

According to CNBC, North Korea appears to have gotten into the bitcoin mining game. This is according to Recorded Future, which is an intelligence research firm connected to Google Venture and the CIA.

Over at Bitcoin Magazine, an article on the release of Bitcoin Core 0.15 has been published. The article covers all of the new features in the latest release.

Over at Forbes, an article on the five reasons that government-issued digital currencies are not a threat to bitcoin has been published. The article is based on a recent talk given by BTCC CEO Bobby Lee.

Featured image via Pixabay.

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The Art of Bitcoin Adoption – Crypto Insider

The Art of Bitcoin Adoption – Crypto Insider

Bitcoin has come a long way in a short amount of time, and of course it has experienced its share of growing pains. But overwhelmingly, there is an uptrend of acceptance from retailers, individual merchants, mega-corporations, and now, niche markets such as the art world.

Bitcoin in the retail world

While the history of Bitcoin as a method of payment obviously dates back much further than 2014, it was then when retail heavyweight Overstock.com began accepting the cryptocurrency. This was a landmark event in Bitcoin’s history, signaling that the revolution was gaining speed. It paved the way for the likes of Microsoft, Dell, Expedia, you name it. Three years later, you can even buy a house with Bitcoin.

Even though there are many different ways to accept and spend Bitcoin, the movement to push cryptocurrency payments into the mainstream has been riddled with hang-ups. From tax concerns, payment processing, accounting, and most notably, volatility.

Volatility is one of the factors which has kept retailers and investors on edge. A single piece of news can create a rush for the door, something that has been especially noticeable in the past two weeks. Hinging on the development of the Chinese banhammer taking aim on Bitcoin exchanges, the price of the cryptocurrency has seen a freefall from its all-time high of US$5000 to a price of ~US$3500 at the time of publishing.

Overstock’s CEO Patrick Byrne explained the company’s policy regarding its cryptocurrency payments: “What we do now is 50% gets turned into U.S. dollars and 50% gets held as bitcoin.” As HODLing is not always an option for businesses who need liquidity to pay employees, expenses, or order merchandise, it has prevented many from adopting Bitcoin as a payment method.

Overstock’s policy, however, isn’t without a little self-awareness. While the company is currently holding on to its Bitcoin, Byrne explains, “If people would start using it, it would get more liquid, more valuable. I wish people who held bitcoin would take 10% and say ‘I am gonna spend this to stimulate the market.’”

Fortunately for Byrne, there are new platforms popping up every day. Now, Overstock’s CEO even has the opportunity to ‘stimulate the market’ by purchasing a piece of fine art from a number of galleries or online marketplaces which have begun accepting Bitcoin.

Art goes blockchain

The art world has been dipping its toes into Bitcoin and blockchain technology for some time, but hasn’t quite taken the dive.

In 2015, the MAK- Austrian Museum of Applied Arts became the first museum to purchase a piece of art using Bitcoin. The piece, Dutch artist Harm van den Dorpel’s Event Listeners. In this purchase, van den Dorpel’s digital piece was registered with a startup – Ascribe.io – which allowed the artist to create a cryptographic ID facilitating the authentication, ownership, and transfer of his artwork.

For curators and creators alike, blockchain technology has brought art, especially digital art, into an entirely new light. “There’s a lot of good digital artwork that no one knows how to monetize. For artworks to be desirable, to be valuable, it’s very important for a work to be scarce,” said van den Dorpel.

Brokers are also taking advantage of blockchain technology. Using digital ledgers, one broker has devised a plan to let anyone participate in the buying and selling if fine art.

Marcelo Garcia Casil, chief executive and co-founder of Maecenas, has created an online marketplace which allows participants to purchase shares of multi-million-dollar pieces of fine art. The shares can be bought and sold within the marketplace on the Ethereum blockchain. Casil noted: “The old auction houses like Christie’s and Sotheby’s have controlled the art market for centuries, so we think the opportunity for disruption is huge.”

Indeed, the opportunity for disruption is clear, but what about that friend from college, you know, the starving artist, passionate about his work, but still struggling to get by? There’s room for him too.

The art world is often diluted by high prices, speculation-based purchases, and a general attitude of exclusion. New artists are left out, and those not in the top 1% who simply want something interesting, and perhaps meaningful, to hang on their wall or feature in their living room are left without options outside of mass produced Wal-Mart art.

Now, there are entire online marketplaces to facilitate the buying and selling of affordable and unique artwork – payable in Bitcoin and with secure escrow services using blockchain technology. One of the most prominent examples is OpenBazaar, a peer to peer ecommerce site which completely eliminates the middleman from the transaction.

Using these services, your college friend can list and sell his artwork securely and, in many cases, without fees. And you, the casual consumer, can safely purchase these pieces using Bitcoin or other cryptocurrencies.

These new platforms are quickly impacting creative markets. There are now marketplaces to sell art, music or design full of incredible pieces suited for a variety of tastes and profiles.

While Coinmap in Europe is practically completely red, indicating a huge wave of adoption from is underway, it is also positive sign that niche markets are also jumping into the mix. As the practice of accepting cryptocurrencies as a payment grows and online marketplaces evolve, there are new opportunities to both spend and earn Bitcoin popping up every day. In time, that volatility problem mentioned earlier will impact the crypto-economy less and less.

Featured image from Pixabay

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Cargo Uber – IMMLA – starts its ICO today! – Crypto Insider

Cargo Uber – IMMLA – starts its ICO today! – Crypto Insider

ICO of the International Multimodal Logistics Application (IMMLA, created by the consortium of logistic giants as Hellmann and Formag as well as leader of IT solutions for logistics SBSolution) starts on September 15, 2017 at 00.00 (UTC+3). Just hours remained until the start of crowdsale of one of the biggest logistic applications based on blockchain worldwide.

The service will significantly increase the level of safety and control over transportations at the global level. IMMLA has the world’s best team of experts in logistics and IT, who have developed the leading ERP-solution Logismart. Step-by-step IMMLA team will create a multimodal blockchain forwarder based on the Logismart solution and the Ethereum blockchain.

“We are very excited with the level of interest we’ve seen from the community. We suggest that the ICO campaign will bring the expected results, and the number of investors will increase many times and even dozens of times in comparison with Pre-ICO,” said Mikhail Astakhov, cofounder of IMMLA.

Total supply of IML tokens for ICO is 434,477,177 IML (122.888 ETH). ICO will be considered successful if 18,000,000 IML tokens are sold.

To participate in IMMLA ICO you need to visit IMMLA official website on September 15. There will be placed an instruction for investing.

Important: IMMLA service will automatically use 36% of the proceeds to redeem and burn IML tokens. In such a way, the number of IML tokens will be reduced over some time and the demand will drive the price to grow.

Early participants of ICO will get bonus 8%. That’s because the sale will take place among 4 lots, where each lot will be approximately 2.5% more expensive than the previous one.

The funds raised during the ICO will be directed for the launch of a road and sea freight module in 2018. Hence, there will be a phased development and introduction of new modules into the service every 9 months: “air” and “customs” in 2019, “forwarding” and “warehouse” in 2020, and “railway” in 2021. In case there will be more access to the expert knowledge and budget, some of the modules may be launched earlier.

On September 12, just before ICO start IMMLA launched renewed version of its site. It is available at https://immla.io. Website contains English and Chinese versions. It will soon be replenished with other language versions.

White Paper ver. 2.0 will be published just before ICO.

Earlier IMMLA released Proof of Concept of its system. It is available at immla.dev-group.io and shows the work of the IMMLA blockchain. External monitoring of the IMMLA blockchain is available at ethscan.dev-group.io.

Also pre-alpha version of IMMLA system was released on September 10. A video-overview of pre-alpha version is available on the official channel of IMMLA on Youtube.

IMMLA is an International Multimodal Logistics Application based on the Ethereum blockchain. IMMLA mission is a safe and convenient interaction between the cargo owner and the carrier at all stages of the cargo transportation process. The new technology will dramatically reduce the number of the personnel involved in logistics planning, information barriers and legal costs.

Contributing in IMMLA gives you a possibility to make a revolution in international logistics!

We invite you to invest in the Decentralized Future of Logistics – IMMLA!

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Blockchain set to disrupt the entertainment industry – Crypto Insider

Blockchain set to disrupt the entertainment industry – Crypto Insider

Blockchain technology appears set to disrupt the partially monopolized entertainment industry. Through it, independent filmmakers are able to distribute their products to viewers without necessarily passing through major studios that have hitherto served as inevitable intermediaries.

Existing limitations

A lot of filmmakers have been unable to make it into the mainstream not because of the absence of quality products, but due to their inability to meet the standards of the major studios who have taken over control of the industry.

Some of these standards may be in the form of high fees by these studios, or due to sentimental preferences by the powers in charge of such intermediaries. Hence, so many supposedly excellent productions may have existed only as prototypes in the hands of producers without seeing the light of day in the real world of entertainment.

Blockchain empowers the real owners

One of the major attributes of the blockchain that is cherished by most of its advocates is the systematic elimination of intermediaries, which enables content creators to achieve closer interaction with their primary targets and vice versa. This development fosters a more direct relationship that eliminates eventual overheads, thereby opening up opportunities for improved revenue and accessibility.

The immutable nature of data processed on the blockchain is another fundamental feature that appears extremely useful for stakeholders within the entertainment industry. This is in large part due to the fact that piracy has been a serious setback especially for the emerging markets in the industry such as the Bollywood of India and the Nollywood of Nigeria. The inalterability of data hosted on the blockchain will enable brand protection and retention by the original creators of products.

A platform for change

To achieve the above mentioned benefits, blockchain solutions company, StreamSpace claims to be developing a platform where stakeholders within the industry can find expression while maximizing the potentials of the industry.

Our goal is to become the world’s leading destination for innovative film content, with a deep catalog that will enable personalized viewing experiences and that will be rewarding for our two core customers, independent filmmakers and indie film aficionados.

Jose Tormo, StreamSpace CSO

StreamSpace has developed a proprietary and patented method for parsing large files such as digital films and storing them in a highly distributed network of servers.  This leverages the core advantages offered by blockchain technologies:  the anti-piracy security that comes from an immutable ledger of asset transfers, the speed inherent in combining small blocks from a vast array of storage points, and the integrity that comes with duplication of content elements across the array of servers. StreamSpace will also be designing a player that will run on all of the key operating systems and consumer viewing devices. This will enable content accessibility on cellphones, computers, tablets, TVs and other types of output devices.

Can blockchain be The “Netflix killer”?

This emerging creation could become  a “Netflix killer” that would meet the crowdfunding needs of independent filmmakers, while satisfying the needs of the motivated audience. To this end, StreamSpace plans to launch an ICO in the coming weeks in order to achieve the full development of their platform.

As blockchain technology continues to grow and develop, more industries are being disrupted. With the offerings of the new technology which includes, transparency, security, authentication and cost reduction among other benefits, the drive for its adoption is increasingly motivated. Emerging trends reveal that the entertainment industry is also set for decentralization through the power of the blockchain.

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