Komodo [KMD] New Partnership Revealed & MONEY2020 SUMMARY
one month ago we attended the biggest FinTech event in Europe, the
Money2020. During which time we made partnerships, and in this edition,
we will reveal what happened. See the video below to listen to our
thoughts after the conference.
Summary of Money2020Europe FinTech Event
is more progress than meets the eye and our team has made
accomplishments on many fronts. We approached a broad spectrum of people
and businesses with the purpose of promoting our platform. These
parties were interested in Komodo Platform and SuperNET because it is an
open source blockchain project. It is easy for them to utilize our
infrastructure and build their real world applications.
As an example, one of our contacts will
utilize Komodo's key/value storage technology. Our solution allows them
to store data on Komodo's blockchain which is secured by Bitcoin’s
hashrate. They also have the option to launch an “assetchain”
(independent blockchain) using Komodo Platform.
With the contacts forged during the conference, we now have the ability
to exchange knowledge, share our vision, and plan for future
collaborations or use cases. Below are some of the highlights and
PAYMENT GATEWAY INTEGRATIONS
of the SuperNET’s goals is to facilitate Fiat to Crypto exchanges, and
thus, the successful attendance to the Money2020 expo was a significant
milestone. It allowed the team to establish relationships and showcase
our technology. One of which are the Komodo Currencies (fiat-pegged
When the BarterDEX is ready for public use, the tech will become
available. To make the fiat pegged currencies usable, we need to find a
way to integrate them into the established banking infrastructure.
As an open source project, the SuperNET will not deal with regulation
and KYC/AML policies; thus we will not be interacting directly with fiat
currency gateways. However, third parties are encouraged to build on
top of Komodo Platform’s global API. In other words, our project will
remain open source while providing fiat based services to our users
without compromising decentralization.
Here's the bottom line: for crypto to succeed there must be sufficient
bridges between the old and the new financial infrastructure. That is
why third party platforms and integrations are important as we move
Copenhagen, we met an e-banking platform for small businesses and
freelancers with a mission to empower entrepreneurs. They love
technology, the blockchain, and innovation, just as we do, and so we
immediately recognized the benefits we could provide to each other.
A few days ago we flew to Paris to meet their team. We ate excellent
food, talked a lot, and even paid little ping pong. Monaize is an
e-banking platform and is registered as a financial service provider in
France. Their team is just as dedicated, and we are impressed by what
they have achieved.
We are now working out different ways to collaborate to build a modern financial infrastructure. Both teams see the inefficiency in banking and are actively developing innovations. The potential is endless.
Our team is very excited about this partnership, and its possibilities. Expect more news later.
finally, the most interesting! The Emercoin developers have decided to
share with everyone their knowledge in the field of development in the
blockchain. In this regard, the question is: what webinar topics would
be of interest to you? What do you want to know? We appreciate
everyone’s opinion! We wish you a lovely weekend and a happy time!
Stay with us: https://www.facebook.com/EmercoinOfficial
LUNYR (LUN) End of July UpdatesEnd of July Updates
to the latest progress update. We’ve made major improvements to the
application since our last announcement. The web version is buttery
smooth and all of the components for the alpha are getting closer to
ready. We’ve implemented profile features and have the basic peer review
system working. Note: The peer review system for the invitation-only
alpha will be fully revamped and upgraded in the Interstellar and
the invitation-only alpha, we’ll be focusing on evaluating the core
smart contracts of the system and addressing all bugs in the smart
contracts and UI. We’ll be paying close attention to user behavior, and
then using that information to upgrade the system’s mechanics in the
are a couple teasers of the profile and review screens. The user
interface for the Invitation-only Alpha has been greatly improved. We’re
still making a few UI changes, but nevertheless we’re happy to say that
everything is moving forward as planned.
also be fine-tuning the number of required reviews as we gather
feedback. There’s a tradeoff between time and accuracy of the peer
also plan on implementing the mobile design below. The mobile version
will be read-only, however, we plan to implement a write feature in
(Software Engineer) has joined the Lunyr team. Robert will be working
with the rest of the Engineering team to further develop the
architecture and design of the Lunyr application.
Invitation-only Alpha Signup
has been a phenomenal number of signups for the Invitation-only Alpha
since the last announcement. If you’d like to join the Alpha then please visit the link here
and fill out as much as possible. If selected, you’ll receive an email
with further instructions. Please note that there are a limited number
of seats and the sooner you sign up the more likely you’ll be able to
PascalCoin (PASC) Release Build 2.1.2Build 220.127.116.11 - 2017-07-27
No more blockchain in installer = TRUE DELETABLE BLOCKCHAIN (Safebox will be automatically downloaded by client from network)Fixed storage bug when downloading a new safeboxSafebox will be downloaded in small chunks (aprox 2mb per chunk)Read safebox file improvements (quick start)Download:
TASS interview with Polybius co-founder Ivan Turygin
first fully digital bank based on the decentralized ledger
technology — blockchain — is now being created in Estonia. This new and
unique financial institution is going to offer not only traditional bank
services but also to interconnect the world of traditional finance and
As Ivan Turygin, the co-founder of Polybius
told TASS journalist in the interview, he and his colleagues got the
idea of a new bank after being involved in cryptocurrency business for
four years. “At some point while visiting various blockchain (a
distributed ledger technology which is a base for
cryptocurrencies. — TASS) conferences we noticed that the audience is
quite diverse and includes bankers, investors. Lots of them were curious
how and where to use blockchain.”
such organizations as National Bank of Lithuania and First Credit
Bureau of Kazakhstan started to approach them with questions regarding
blockchain. “And we started to think: what if we could build a modern
bank using blockchain as one of the technologies? All document
management and intrabank transactions might be done using blockchain
because this technology allows to store the data securely and to confirm
its integrity with fewer expenses. Banks like that don’t exist
yet.” — Ivan says.
also used blockchain to raise funds. “During our ICO crowdfunding
people were purchasing special Polybius Tokens. Tokens allow us to pay
dividends via so called smart-contract system” — he explains.
the process of fundraising, Polybius project developers were consulted
by experienced international bankers from countries like Switzerland. In
a month the project raised 31 million USD which is enough to create a
What can a blockchain-bank do?
fundraising creates plenty of opportunities for further development,
project creators say. One of the possibilities is to apply for an EMI
license that allows the institution to start its banking activities on a
tight schedule. In 2018 Polybius plans to start offering traditional
banking services, such as accounts, loans, credit cards, once the
license in one of the EU countries is secured. Furthermore, Ivan is
confident that usage of blockchain might reduce expenses by half gaining
an advantage over other financial institutions.
second strength comes from the project developers’ experience in
cryptocurrency business. “Our goal is to become, as we call it, a
crypto-friendly bank. There is a lot of startups which are related to
blockchain and cryptocurrencies. Although when these young entrepreneurs
try to open an account in a traditional bank, they usually get
rejected. Banks’ risk management departments do not really want to deal
with cryptocurrencies. On the contrary, we are in the loop; therefore we
are ready to open them accounts and help with their projects, for
example by financing them” — says Ivan.
believes that the potential of this market segment is huge. “Economy of
cryptocurrencies grows in an unpredictable and uncontrolled way. In the
latest year and a half, total capitalization of all cryptocurrencies
has enormously risen: from 5,5 bln USD in January 2015 to more than 83
bln USD today. The annual rate of growth is three-digit” — Ivan
now, there are no plans for the bank to work with cryptocurrencies
directly as it is illegal due to EU laws. But people in Polybius believe
it won’t hurt the workflow. “Our primary mining business has already
brought us more than 700,000 users from all over the world (including
Russian Federation and CIS member states). We are going to offer our
bank services to those people. Just as they trust us and our mining
service, so they are going to trust Polybius” — Ivan supposes.
Blockchain for the future
and cryptocurrencies are changing our reality, and the establishment of
digital banks is only one example of those changes, Polybius’ founders
think. “Traditional paper registries are digitized. The blockchain is
enormously popular because of its ability to store data cheap and
safe.” — Ivan states.
founders are going to contribute to the development of digital
bureaucracy by introducing the Digital Pass solution to the EU.
“Estonian national identity card allows citizens to access their
personal data, bank accounts or national registries quickly and easily.
One can also vote online using such a card. Our idea is to introduce an
upgraded eID solution to the EU, employing some cryptocurrency-featured
technologies.” — Ivan says.
Polybius user will get a Digital Pass and therefore an option to
provide access to encrypted data, such as credit and insurance history
and potentially — medical and education records, land ownership and much
more. “Imagine you’re skiing in the Alps and God forbid you to hurt
your arm or leg. You get to a Swiss hospital and neither the doctor
speaks English nor you speak German. But with the Digital Pass in place,
hospital staff should be able to get all the required medical
information anyway.” — he explains.
Blockchain perspectives in Russia
believes Russia will not be left behind of this dynamic blockchain
development. “There is a lot of talented people in Russia, and they
might play a significant role in the development of digital
technologies. Would you take a look at the biggest blockchain and
cryptocurrency market insiders, you’ll definitely notice some Russian or
Ukrainian names there.” — he says.
the St. Petersburg International Economic Forum a lot of our Russian
partners and buyers started addressing us. Many of them were eager to
utilize fresh blockchain development programs that appeared in some
regions with the government’s help. They intend to open some innovative
technoparks — it seems blockchain was given the green light in
Russia.” — Ivan considers
some may see it as heavy handed bureacracy, there is a clear and real
reason to regulate this activity to safeguard consumers and it is
potentially a turning point to sort out the ‘wheat from the chaff’.
with a clear and transparent business plan and structure will now
benefit because of this potential regulation. What is needed, however,
are clear guidelines that are not so onerous that they will dampen the
ability for start-ups to take advantage of technology that is so clearly
an improvement on legacy systems.
this regard we may need to wait and see what kind of regulation is
forthcoming. In the current climate there is a need to encourage, rather
than suppress, this new dawn in immutability and transparency.
Cloakcoin (cloak) Security Audit and Open-Source release
Hello Community & Friends!
Even the hardest workers need to re-energize, so please be informed that most of Team members are about to go on their annual summer holiday (some are already there). Cloak Team is entering vacation mode from August 01 until August 25. During this period there will be no major updates or big news, of course there will always be someone monitoring and managing the project, but mostly from the back-office. The community and available Team members continue the awesome work of supporting the new people arriving to the project.
We'll be returning to work after vacation and look forward to kick-off the much awaited developments in the project:
Security Audit and Open-Source release
Specialized security companies have been contacted for the code audit before the Open-Source release. More details on that will be announced soon.