AI in Finance: From Science Fiction to Modern Financial Solutions

The term “Artificial Intelligence” was coined by American cognitive scientist John McCarthy back in 1955, initiating the whole discussion on simulated cognitive processes in machines. After the Dartmouth conference of 1956, AI became a legitimate new field of knowledge, sparking interest of intellectuals all over the world – it quickly gained its advocates (scientists John McCarty, Marvin Minsky, Allen Newell among others) and naysayers (philosopher John Searle and his famous “Chinese Room” thought experiment). Yet outside of these learned circles, the general public for years to come associated AI more with science fiction than actual science – and movies like Stanley Kubrick’s “2001: Space Odyssey”, with its inscrutable and menacing AI antagonist HAL9000 helped cement this notion.

Things are very different today when AI has finally become part of our everyday lives. Predicting its future applications is now an almost mundane process. Artificial Intelligence is poised to excel in fields dealing with excessive amounts of data and a need for identifying patterns in data flows (curiously enough, ability to identify patterns is the key metric in IQ – our measurement system for human intellect). This is the reason why AI is already widely used in finance and why its role in this sector will continue to grow. AI applications in modern finance could be divided into the following categories:

Customer Service. Millennial customers value direct communication and quick replies. Small companies and startups like Zichain have been able to provide this through extensive social media presence, but large multinationals with outsourced call centers have been struggling to provide an adequate solution. Enter chat bots – an AI-based solution that has taken the banking industry by storm – and long telephone calls to ask a simple question are already a thing of the past. We believe this trend will continue as advances in AI and machine learning will allow chat bots to answer ever more complicated queries, potentially making the idea of a call center redundant in the course of the next decade.

Market Analysis Tools. AI technology and machine learning can also be used to scan data flows in real time, quickly analyse a huge amount of data and then filter it  according to a complex set of criteria. As futuristic as it sounds, this technology is already integrated into our analytical platform – CryptoEYE. It is designed to be your primary source of information about cryptocurrency markets: online price quotations for 1200+ digital assets, graphs for proprietary Zichain indices, a comprehensive CryptoWiki database of coins and tokens with all the essential metrics and a customizable news feed. This last module utilizes our groundbreaking AI and Big Data technology to scan the web for information and present it to you in the form of a news feed that is tailored for your needs and interests and prioritizes news pertinent to your investment portfolio and trading strategy.This way you are never going to miss an important event or market signal.

Financial Advisory. Artificial intelligence is capable of using a bunch of parameters (your investment goals, risk appetite, existing portfolio, etc.) to provide you with ideas for potential investments that you may want to consider. The service of a financial advisor that used to be available only to the rich clients of Wealth Management offices would now be offered to all market participants.

Asset Management. The asset management industry is poised to gain the most from current technological advances, as a number of its internal processes can be optimized with AI and blockchain technology – for example, portfolio rebalancing and risk management. This was the reasoning behind BAMP – Zichain’s innovative Blockchain Asset Management Platform. Funds using our turnkey solution will be able to spend less time on back office routine, instead allocating resources for development of trading strategy and portfolio management.

Javvy Is Hitting The Headlines

With their pre sale ICO stage just moments away, Javvy is once again hitting all the right notes with a blitz of recent media coverage.

Earlier this week, World Business’s Kathy Ireland talked all things Javvy with CEO Brandon Elliot in a 4 minute teaser video release. Kathy described Javvy’s minimum viable product as ‘a true fintech disruptor’ while Brandon explained how his team have created an all-in-one intuitive & cohesive package that includes Know Your Customer on-boarding, a crypto exchange, and wallet; all in one application. The full interview will be released sometime during Javvy’s ICO pre sale which starts November 1st.

The Texan based “Technology Headlines” knowledge platform was also quick to pick up on the progress of Javvy. Their article listed Javvy under “10 Fastest Growing Blockchain Technology Solution Providers To Watch in 2018”. The article highlighted the need for more simplicity and cohesion in a somewhat complex crypto world, one which has certainly captured the interest of investors and decision makers recently.

Javvy has also started to gain notoriety among crypto enthusiasts. Crypto Bloggers and notable YouTuber’s have been sharing their thoughts on the project. One such video with Brandon Elliot (CEO) is highlighted at the end of this post.

To watch Brandon’s interview with Kathy Ireland, read the Technology Headlines article, or watch Crypto Rich interview Brandon, just click the links below:

World Business Interview Teaser With Kathy Ireland (Full interview coming soon!)

Technology Headlines Article

Crypto Rich/Brandon Elliot Interview

How one company is giving power to the people to help limit climate change before it’s too late.

With climate change and various environmental factors threatening our way of life and those of our children, there’s been a huge increase in recent years of people striving to live a green, clean life that minimises any adverse impact they have on the world. There are many different ways people are able to change their lifestyles. Limiting energy consumption and recycling and two easy and quantifiable ways to help the environment, but the tricky aspect of lowering one’s carbon footprint has been a much more difficult beast to tackle in any measurable terms, until now.

Ecoingot, a group of environmental tech experts, are busy creating a platform which helps eco-conscious individuals gather and assess their carbon impact data across everything from their everyday purchases to activities and lifestyle choices. And they’re doing it on the blockchain.

 Ecoingot,

Their solution, titled the Internet of Carbon, is said to use cutting-edge technological methods to gather the data and process it in a way that makes it easy to access by everyone with the aid of an app. This is all made transparent and secure by building the platform on the blockchain, so every piece of data is accounted for and can be tracked. It aims to provide carbon usage data on everything from a cup of coffee to taxi rides, to Amazon deliveries or doing your laundry.

Ecoingot’s platform could not be coming at a better or more urgent time, since the IPCC have reported that a global temperature rise of 1.5 degrees will have truly catastrophic consequences for mankind, that monumental changes are needed in the world to ensure this doesn’t happen, and that time is drastically running out before it’s too late to implement these changes. The world needs everyone to club together and help make the changes needed.

And currently, it is not happening fast enough, especially when it comes to industry level changes, which take years to implement due to the arduous processes they need to go through, and the many people deliberately trying to put roadblocks in the way so they can hang onto their profits at all costs. This is why Ecoingot is doing its best to put pressure on big-wig industries and retailers. But as they know they have a long battle ahead of them, they’re currently focussing their attention on those they can rely on to help: the public.

Ecoingot uses three main approaches in its mission to reduce carbon footprints: education, reduction and offsetting. Not only will their app tell its user about the different carbon impacts their choices have on the environment, it will give them an easy opportunity to redress any carbon-heavy lifestyle choices by providing alternatives.

 Ecoingot,

The team are currently developing a data engine, ECOSISTM, using a carbon impact calculation model created by climate change expert Professor Mike Berner-Lees and his team. As no such data is currently available for consumers to assess what their personal carbon footprints is, this looks to be the first of its kind. With a variety of big data already available about large parts of our lives, such as fitness trackers and sleep monitors, having access to data that can potentially save the world should be at the top of the list of things we require.

Their EGT token is launching at the Malta Blockchain Summit, while their app is due to launch in April 2019, coinciding with Earth Day, which focuses attention on environmental factors threatening the planet. If it’s a success, there’s a chance it could make a real difference to one of the biggest issues facing humankind.

Canadian Court Ruling Epitomizes the Issues Facing Real Estate Data Sharing

Earlier in May of this year, a monumental case regarding real estate data was brought forward to the Canadian Supreme Court. Prior to the ruling, websites were restricted from listing detailed information on data pertinent to real estate sales. Although this data if often available in other jurisdictions such as the United States, Canadian firms operating within the industry were unable to access it.

The Supreme Court of Canada ruled that real estate platforms can now list more detailed information on home listings. The court battle, which dates as far back as 2011, involved the Toronto Real Estate Board (TREB), who claimed that by publishing data linked to real estate selling prices, home owner privacy was being violated.

Commenting to the Financial Post, Daniel Steinfeld, a Toronto based realtor, explained that the real estate industry has been in a state of stagnation for some years now regarding access to data. Steinfeld noted that the court ruling has cleared the way for those operating in the industry to obtain important data and bring innovation to the industry.

In fact, following the ruling a real estate agency based in Toronto called Zoocasa experienced an increase of 3,000% in traffic.

Just three years prior, Zoocasa were ordered to stop posting information showcasing recently sold properties alongside their respective value. Failure to adhere to these demands would have resulted in them losing access to the Multiple Listings Service which is crucial for Canadian based real estate agencies.

Nevertheless, although the ruling is a step in the right direction, real estate data is still extremely difficult to come by. Moreover, even when data is available, there are no mechanisms in place ensuring the validity, relevance and accuracy of the data.

For example, in Spain, accessing real estate data on the prices of properties sold is virtually an impossible task. Although the Spanish land registry does in fact collect this information, they do not allow stakeholders to access it. Even if one were to obtain a Nota Simple – which is a paid-for document outlining a range of data linked to a specific property, it does not detail previous sale prices.

Can Blockchain Technology Solve the Reluctance to Share Data?

In the real estate industry there is an underlying issue of data hoarding. Essentially, private sector organizations that receive useful real estate data are reluctant to share it with their industry counterparts, preferring to keep it close to their chest.  The industry is also fragmented, with no single platform on which to search for, purchase and sell data and very little means to verify existing data already available. This is where blockchain project ReBloc is stepping in.

ReBloc are in the process of developing a decentralized marketplace on which real estate data can be shared. Vendors who share data are compensated with tokens which they can then trade for more data, or convert into another form of currency.  If one realtor wants to find out how much a particular property sold for, they can formulate a request on the platform.

The data which is held by another user can be autonomously exchanged in a direct peer-to-peer way, via a smart contract. Before the data is released to the user it needs to be verified by the platform’s validation protocol. Once it has been approved, it’s released by the smart contract, which then automatically sends payment to the data owner. This way buyers receive accurate data and vendors feel secure sending it.

By using the Enigma’s secret contracts protocol, sensitive data is encrypted and all inputs and outputs are hidden. As a result, data sharing through the ReBloc platform is kept confidential which is why organizations that have previously shown reluctance to share real estate data are hopping onboard.

Ultimately, the change in the way data can be accessed, evaluated and shared will have a positive and significant impact on the way real-world real estate decisions are made and the ease with which real estate information can be accessed. 

  

KuCoin Blockchain Asset Exchange Announces Decred DCR As Part Of Their Network

Today, KuCoin blockchain asset exchange is thrilled to announce on its latest listing of another promising project Decred, an autonomous digital currency.

Decred’s native token DCR is now available for deposit with trading pairs including DCR/BTC and DCR/ETH. Buying commence at 19:30 UTC+8 while Selling/Withdrawal at 20:00 UTC+8.

All trading activities are done utilizing their Android and iOS apps, or through their official site, www.kucoin.com.

decred kucoin

About Decred (DCR)

Decred (DCR) is an autonomous digital token where its stakeholders are part of the decision-making as it has a decentralized and sustainable highlight giving the term as “a self-ruling token.” This cryptocurrency has organized its priorities as having decentralized administration and the creation of settlements on the blockchain.

How Decred (DCR) Run

Decred uses an advance hybrid Proof-of-Work and Proof-of-Stake to validate the blocks accessible. Therefore, the stakeholders or the token holders are contributing the approvals to the coin miners buliding the blocks for rewards. It is a unique system as it ensures that the miners are not there just for the short term profits on their investment on their hardware.

The Core Team

Decred had a humble beginning as it started as a projection established in April 2013 by Adam Mckenzie. The present project leader and CEO of Company Jake Yacom-Piah accumulated, developed and launched Decred in March 2014.

Over the past years, it has collaborated with many other members into its team with the lead developer Dave Collins. The team focuses and fully involves in developing Decred be the first ever Decentralized Autonomous Entity.

Blockbank Announces Key Banking Partner during ICO

Spire Bank, will be instrumental in facilitating a wide variety of international Crypto banking activity in association with Blockbank

Blockbank has purchased a stake in Spire bank & declared a strategic FinTech partnership, as a means to provide an international Crypto banking services. One of the leading commercial banks in Kenya, Spire Bank, will be instrumental in facilitating a wide variety of international Crytpto banking activity in association with Blockbank — to present the world’s first fully licensed crypto bank with low-cost funding availability.

Yusuf Sozi (L) and Adam Cuffe (R) (1)

Spire Bank, Headquartered in Nairobi top commercial banking entity, fully licensed by the Central Bank of Kenya is valued at having total asset worth of around 180million USD. Originally established as a finance company in 1983 and later commencing operations as a fully-fledged commercial bank, Spire Bank brings a wealth of FinTech knowledge and experience to the table to assist Blockbank in their endeavour. With 350,000 existing customers and a firmly-established high quality reputation, the prestigious Kenyan bank provides a solid foundation for Blockbank’s first step into supplying secured and affordable financing options for emerging economies.

This ground breaking partnership will initiate integration of commercial banking services into crypto entities, businesses, and governments globally – creating dynamic access to more affordable funding opportunities to accelerate economic growth.

The strategic FinTech partnership with Spire Bank will see the incubation of a DDMS smart contract blockchain system – the backbone of Blockbank’s platform – enabling Blockbank to provide lower cost funding solutions via Spire Banks’ infrastructure. With the capacity to provide a plethora of international banking services, Spire Bank is predicted to be a real asset to the Blockbank assembly, driving the expansion of global banking capabilities for both parties.

The collaboration of these two organizations will be a major breakthrough in fostering the development of low-cost funding options for governments and commercial entities worldwide – particularly in developing economies without current access to these services. In many developing countries, borrowing is still very expensive; with rates sometimes hitting 20%. In some countries borrowing is so expensive, the borrower has to pay enough money to pay the whole loan in 5 years just in interest payments.

Block Bank’s ICO is currently in the ICO stage, which lasts until 28th October. Token value will be driven by the demand of loans they process: The project will distribute issued tokens in the following way,

28,800,000 tokens dedicated towards the ICO sale (72% of the total tokens);
8,000,000 tokens dedicated towards the treasury (20% of the total tokens);
2,000,000 tokens distributed amongst advisors (5% of the total tokens);
1,200,000 tokens will be a bounty reward (3% of the total tokens);

A staggering $12,830,000 worth of their BBRT tokens has already been sold during the pre-ICO phase.

Tokens available on the Block bank website: https://TheBlock-Bank.com/

One Million gamers set to embrace PlayChip’s new blockchain token

PlayUp, the Australian-based gaming firm behind one of the most promising token sales this year has already clocked over one million users across its ecosystem before the forecasted date.

The platforms universal gaming token, PlayChip will revolutionise the online gaming industry when integrated into its seven platforms which are already fully licensed with a growing user-base.

When the blockchain platform launches on the 19th of December 2018 the user-base will be able to participate in the seven different gaming platforms whether they are looking to take part in sport betting, casino games, fantasy sports or eSports, it will all be streamlined with the PlayChip token.

playchipPlayChip’s ecosystem has gained traction in the USA, UK, Australia and India with a presence in 70 countries around the world.

The initial coin offering has bucked the current trend of projects launching with merely nothing more than a website, PlayChip have done this with what’s called a ‘reverse-ICO” whereby the current ecosystem is tokenized and integrated into a fully operating business with a user-base and revenue.

playchip

“PlayChip is truly a unique token offering because while others write white papers about potential audiences and hypothetical use cases, PlayChip is well positioned with a very active global audience on multiple platforms that are already part of the PlayChip family,” Luke Lombe, Head of Blockchain with PlayChip said.

“The team at PlayChip are thrilled about hitting the million-user mark earlier than expected, and we look forward to continued strong growth. We are in the middle of our pre-sale and very much focussed on delivering a quality product that surpasses the expectations of our loyal following.”

The seven gaming platforms in the PlayChip ecosystem include PlayUp, DraftStars, Betting.Club, ClassicBet, TopBetta, MadBookie, and 123Bet. All players will be able to seamlessly move between platforms via the integrated PlayWallet and instantly cash out via the PlayXchange. In FY2018, these platforms are on track to exceed a turnover of US$430 million.

For more information, please visit: https://www.playchip.global/ or read the PlayChip Whitepaper: https://www.playchip.global/wp-content/uploads/2018/08/PlayChip-Technical-Whitepaper.pdf

 

PAKET: Find out how this Blockchain firm aims to create a decentralised global delivery network

paket logoEarlier this week we had the pleasure of speaking with the team behind PAKET. In an exclusive CoinSpectator interview, to find out more about a blockchain startup aiming to create a decentralised and global package delivery network that gives power back to the people.

PAKET is going full speed ahead with a token sale on the Stellar platform, BUL their digital token will be used to pay for deliveries.

Let’s begin:

1. Many delivery firms already offer a tracking service where customers goods can be tracked in real-time. what benefits will Paket bring to this with Blockchain technology?

The real-time tracking is only one part of the protocol we offer, not the main part. To be more precise, we hope other apps on the protocol will develop and offer a much more blockchain sophisticated tracking solution. For example, we can cooperate with protocols like FOAM to ensure a provable location that can’t be manipulated.

But our main goal is to join all of these different solutions and create a single global mesh of delivery, without a central authority.

2. Can you explain why Stellar was the blockchain of choice? many other ICO’s are lured by Ethereum.

We are blockchain agnostic. Ethereum didn’t meet our engineering standards for a robust production platform. We chose the Stellar network as it connects payments, systems, and people, it can move value quickly, reliably, securely, and at almost no cost. Stellar is a perfect match for our need for a low friction transactional layer. We chose Stellar as our initial consensus layer for its level-headedness, its blazingly fast transaction rate, and its extremely low fees. From all the mature distributed ledger platforms currently active in the market, Stellar was the obvious decision for us.

3. Would a delivery system on the blockchain pose a security risk? for example 3rd parties being able to snoop on the location of high valued goods in transit?

The PAKET protocol features only specific data related only to the payment on the ledger. The only information available on the ledger is the smart contracts that govern the payment and the collateral. All other information, such as addresses, content etc, remains in layers 2 and 3 and are not public.

4. Will Paket work on a bidding system where anyone who is verified can bid to deliver a package? E.g a local firm may want 10 x boxes moving from a to b and place the quote on the blockchain.

Exactly! Since PAKET is a purely decentralized entity, we do not govern pricing or any other delivery terms, nor charge any fee. All prices are agreed between the participating parties – sender and courier. The protocol was designed in a way that allows all couriers to offer price and compete for deliveries. The basic delivery terms include price, deadline, and collateral. Bidding and competitive pricing are embedded in the concept as they create the most efficient solution for each specific delivery.

5. How does Paket plan to build a network of delivery drivers, what would make them come from other firms? What are the benefits?

A key element of the protocol is that it charges nothing. NO commission, NO hidden fees, NO middleman. Every company works hard to get demand, but by joining this free network it immediately becomes a part of a global network, with global opportunities. We provide a protocol where all existing, new, opportunistic individuals and companies can access demand – packages that need deliveries and engage directly with the package sender. The protocol only provides more data and convenience, it is not a competition between delivery firms.

Think of some local delivery company in Barcelona, with 5 motorcycles, that deliver local items in the city. They spend resources to make themselves known in Barcelona. But once they join the network, the entire network is exposed to them. Now I can send a package to Barcelona, knowing that they can handle it. They get global demand, which costs them nothing.

6. Does the team behind Paket have any transport experience or in a similar sector?

Currently, our core team is comprised of blockchain enthusiasts, community, biz dev and technical experts. Our advisory team includes a former Maersk executive (largest freight company in the world) and we are maintaining close connections to additional logistic professionals. It is important to understand that we have no ambition to become a logistics/transport company per se, we are a distributed ledger protocol company.

7. Why type of savings can be potentially made by using Paket over UPS for example?

UPS, like all other large delivery companies, are doing a great job on the international leg but suffer significantly on the “last mile”. It’s easier to carry many packages in a plane between airports than to use a track to dispense all of the packages in a large city.

PAKET is not here to replace UPS, it is here to break the package route into separate legs and allow the most efficient player take only his most efficient leg. If UPS is the cheapest freight operator and the quickest solution to deliver a package between New York Newark and Ataturk airport in Turkey, it should still be used for this part of the journey. But once the package lands in the crowded streets of Istanbul, it should be placed at the hands of a local courier that can make the last mile journey most efficiently. This way UPS can provide the best price quote, as it is no longer required to make door to door deliveries using trucks and fight local traffic. If the package avoids lending in a huge warehouse/ logistics center for sorting, then the delivery time is shortened and additional charges are no longer required.

8. When will the platform be live?

The platform is available on test network and we welcome all to access our GitHub account and our developers’ page to follow all the development that was already made. Our MVP will be available in the coming weeks, and we currently plan to go live with a basic service before year-end.

9. Will front end customers pay with the BUL tokens or will this only be FIAT ?

We want to create the most seamless user experience, but remember that we create only one application, completely open source, and we hope (and incentivize) that others create additional applications. Any developer can take our application and add a payment system to his local solution. He can even charge a conversion fee if he wants to earn from it. We give complete freedom, and the protocol charges nothing.

10. How many customers/ users do you expect the platform to attract in the next 12 months?

We expect our early adopters in the next 12 months to be crypto enthusiasts, those who believe decentralization is the best solution for the delivery of goods (well those who believe that decentralization is the best solution for many other market inefficiencies actually). We will also add delivery and courier companies to answer any demand the network creates until the network is strong enough to be completely independent.

PAKET Video:

SHIPNEXT Interview: The only working Blockchain solution for Shipping

shipnext logoWe had the pleasure of chatting with Alexander Varvarenko, CEO and Founder of SHIPNEXT, in an exclusive CoinSpectator.com interview, to find out more about one of the most promising blockchain companies in the freight industry.

Not heard of SHIPNEXT? The firm is digitalising the shipping industry with some amazing technology that aims to revolutionise how we deal with cargo.

Let’s begin:

1. Which organisation was the first to use the SHIPNEXT technology? How are they benefiting so far from using the platform?

SHIPNEXT is a product built using linear programming. natural language processing, machine learning and big data analysis. Anyone who sends a Freight request of a Ship’s position to SHIPNEXT gets an instant reply with one or more matches. The first company to use our technology was VARAMAR.

VARAMAR receives close to 10.000 emails each day, and prior using SHIPNEXT most of the clients remained without reply. In most of the cases for routes and segments where VARAMAR is not strong or not present. As a result of switching to SHIPNEXT, almost all the clients who sent their cargo/freight requests receive an instant reply with a solution.

2. The shipping industry still uses mainly paper for issuing proof of ownership; how is your solution different?

Shipping Industry is very traditional, and, historically, a “word” is considered a “bond”. The news on a breach of verbal agreement travels fast leading to bad reputation. With time any electronic message, be it an sms or an email with recapitulation of agreed terms and conditions gained force. Express bills of lading, electronic copies of Charter parties (contracts) or bills of lading are not uncommon neither.

SHIPNEXT created a solution which helps speed up the process of issuing an electronic version of a correctly filled in Charterer Party to literally a second. The open source bill of lading solution which SHIPNEXT created can be freely used by anyone to print secure, correctly and transparently made Bills of Lading.

3. Why do you think the industry needs blockchain technology? Isn’t the old saying “If it’s not broke, don’t fix it” true?

The transport industry may not be broken, but it is highly inefficient. Corruption, theft of cargo and freight, delays in transit and penalties arising as a result – these and more haunt the industry and lead add to the cost of the transported goods.

Blockchain is a technology that allows bring relative transparency, safety and efficiency. Its responsiveness to real-time data can avoid unnecessary losses – things which human being are sometimes simply not capable of being able to react to.

4. What inspired you to launch SHIPNEXT? Do you have a background in the shipping industry?

Before joining a Maritime University, I developed my own games and software. Ever since I always challenged traditional approach and technology in a conservative transport industry. With over 17 years experience in Shipping, let alone heavy and oversized cargo transportation, which I was mainly involved in, I understood that no matter what the cargo looks like, many processes remain the same.

That also involves a lot of routine and repetitive work, cross-checks, calculations, information search, and email exchange. Ass work flow grows, possibility for human error and inefficient decision-making increases.

Moreover, at a certain moment I saw most of my commercial managers remain their whole day behind their computer screen trying to catch up with the incoming email flow. With thousands incoming emails a day, some of them may remain unattended or missed.

I decided to digitalized the process of processing all the incoming emails, making routine calculations and cross-checks, calculations based on 80+ different data bases and, eventually, help professional managers make better commercial judgement, negotiations and, eventually, digitalized the documentation flow.

5. Have you approached any large organizations to tease them into using SHIPNEXT? If so what are their initial impressions

We have approached a number of large companies. Some of them have also started using SHIPNEXT, others are in the testing phase.

Some of the larger groups have already announced the launch of their in-house reverse auctioning platforms. Most of the companies initiated digitalization of their internal work-flow. All this is a good sign and a perfect opportunity for SHIPNEXT. However, with shipping being one of the most conservative sectors of ths transport industry, the process of digitalization will take a few years, until it, at least, catches up with other industries.

6. Are you focusing just on the shipping industry or with future plans to export to transport or even regional/ local deliveries ?

SHIPNEXT is looking for partners to help deliver a solution for wet bulk (tanker) shipping, and well a container liner shipping companies, to complete the work on SHIPNEXT’s container-related solution.

Other modes of transport will be included in the ecosystem with the help of other partners and solution providers only. Such cooperation is also a way to create a network of solutions, thus taking a step further towards a decentralized ecosystem.

7. How will a regular consumer benefit from SHIPNEXT?

SHIPNEXT helps save hundreds and thousands of work hours, build a reliable network of service providers, eliminate human error, receive up to date and real-time information to improve decision making.

8. How much volume in terms of weight has passed through the platform since lunching?

At any given moment SHIPNEXT contains thousands of cargoes (freight requests) as well as up to 18.000 ship’s positions. Anyone sending a Ship position or a Freight request by email to SHIPNEXT (at fix@shipnext.com) receives an instant feedback containing the most efficient match.

9. Do you see any regulatory issues proceeding with the platform in the future?

SHIPNEXT is a patented solution, and digitalized as well as automates the day to day processes taking place in Shipping. Each Shipper is able to use his own Contract forms or integrate SHIPNEXT algorithms into his internal work flows.

SHIPNEXT users make their own choice of using SHIPNEXT or not.

10. What is the SHIPNEXT token used for and how is it useful ?

SHIPNEXT has 2 tokens.

Ship Coin (SHPC) is a security token, giving its holders a stake in the company results and equity.

Ship Token (SHPT) on the other hand is a utility token – a tool given to banks and crypto-banks for issue and further use within SHIPNEXT as means of payment under Shipping Smart-contracts.

SHIPNEXT offers an escrow-like process of freight payment. This brings the necessary reliability and safety of transactions, as well as reassurance of contract execution. Freight is reserved on an escrow, is paid in parts upon gradual execution of cargo carriage, and ensures payments for bunker, canal transit, port dues, handling costs, etc.

11. Will any external organizations such as the authorities / or even the public have live or historic access to the blockchain?

Certainly the access of authorities to a supply chain related blockchain ecosystem is inevitable. Customs authorities alone are an integral part of the import and export control, and, on the other hand, a source of information which can be also used in Smart Contracts.

To influence the data, however, and participate in such blockchain based supply chain, authorities much themselves transform and adapt their documentation processing.

Healthy interactions with authorities in a decentralized ecosystem will help ensure safety and reliability of its work, simplify documentation handling and reduce costs.

TRON (TRX) Announces Its Availability At KuCoin Exchange Platform

KuCoin announces today that Tron TRX got listed on their state-of-the-art platform. Tron is recognized as a blockchain-based platform establishing a truly decentralized Internet.

Tron’s native currency TRX is now available for deposit with trading pairs such as TRX/BTC and TRX/ETH. Buying will start at 19:30 (UTC+8) while Selling/Withdrawal at 220:00 (UTC+8).

tron kucoin moon shot

The TRON Network (TRX)

TRON (TRX) is a blockchain – based cryptocurrency platform that aims to decentralize content-sharing on the World Wide Web and the Internet as a whole. It gives artists and creators the possibility of releasing their content without having to use centralized 3rd party platforms such as Facebook, Youtube, and the like.

The Company behind the TRON Project

Mr. Justin Sun founded the TRON Foundation in September 2017 with a headquartered in Singapore. The cryptocurrency project associated with it is called the TRON Block Explorer or the
TRON Network (TRX).

The TRON currency is one of the latest and most popular cryptocurrencies on the market. However, it aims to create a platform that is very different from the typical cryptocurrencies.

With that being said, the TRON Foundation looks forward to gear up with the digital content and entertainment industry. It works on the related concepts of decentralization and distributed storage technology but targeted at the massive global content and entertainment industry. Content sharing will be performed through the blockchain and its peer–to–peer (p2p) network technology. In essence, the TRON Network goes beyond the uses of conventional cryptocurrencies:

• Eradicate middlemen who connect content creators to users.
• Content creators to receive revenue directly from their users and consumers.
• Apart from eradicating middlemen in the payment process, this also reduces traffic dependency on sites such as Facebook, etc. This is because traffic will be streamlined back to the content creators, removing the need for hits and views on middleman sites.

The TRON Network (TRX) Roadmap Plan

The TRON Network (TRX) is currently in the first phase of their roadmap. This stage, called Exodus, which is focused on data liberation. The purpose is to have a completely functional platform to publish, store, and share digital content by the end of the year 2018. In its current phase, it has the advantage of being less likely to have bugs in the code considering it has already been tested.

Apart from the Exodus phase, here are the other phases of the TRON Network’s roadmap:

• Phase 2: Odyssey – This phase focuses on eradicating middlemen services and giving the profits directly to content publishers.
• Phase 3: Great Voyage – Scheduled to start in Summer 2020, this phase explains why TRON’s current code structure resembles Ethereum as its purpose is to allow for “Personal Initial Coin Offerings,” similar to Ethereum token sales. In other words, individual content creators can hold ICOs to raise capital that allows them to produce more and better content.
• Phase 4: Apollo – Aims to create a fully decentralized trading platform for all the individual tokens created on Tron.
• Phase 5: Star Trek – Takes the concept to the next level by developing a decentralized gaming platform for developers to design online games.
• Phase 6: Eternity – Allows developers to build entire gaming platforms on Tron and allows general investors to invest in specific games and networks.