EOS is Outperforming the General Cryptocurrency Market Against All Odds

Blockchain holds the promise of delivering trust in trustless environments using decentralized and cryptographically secure ledgers. One of the most popular applications of blockchain technology are decentralized applications (Dapps). Ethereum is a leading DApps platform but a number of new rivals such as EOS and NEO are challenging its market dominance. In fact, it is no longer news there’s an ongoing rivalry between Ethereum and EOS communities as both blockchains try to gain market dominance in the Blockchain as a service market for enterprise clients.

Ethereum is the older of the two blockchains and it enjoys the support of a consortium of high-profile enterprise clients who are exploring the possibilities of leveraging blockchain to improve their competitive advantage in their respective industries. The relative newness of EOS however presents it with an opportunity to bypass many of the pitfalls besetting Ethereum. EOS comes to the market with the promise of the latest advancements in blockchain technology to process a higher volume of transactions and at a higher speed than Ethereum.

Source: Smartereum

The thoughts of joining the Ethereum VS EOS debate is quite tempting but I think the arguments on both sides of the debate are overflogged already. Interestingly, most of the arguments are based around technical specifications which don’t usually hold much importance to traders and investors. The cryptocurrency market is booming at an incredibly fast pace and EOS is also riding on the market boom. This piece attempts to beam the searchlight on the performance of EOS relative to Ethereum and Bitcoin with a view helping traders and investors make educations decisions about the direction of the market

EOS is booking massive games in defiance of the prevailing downtrend in the market

The EOS coin price charts for the year-to-date period shows an incredible 121% surge in trading price. In addition, EOS’ trading volume has spiked by more than 1400% from $312M on January 1 to $3.96B on April 30. EOS’ market capitalization has also soared more than 217% from $5.04 B on January 1 to $16B as in the same period (see chart below).

Source: Coinmarketcap

EOS YTD performance dwarfs Ethereum (ETH) performance

Source: Coinmarketcap

Ethereum has however been struggling to keep its 2017 gains as its performance in 2018 continues to head south. On January 1, Ethereum was trading around $765.51; however, its trading price has declined to around $685.39 on April 30 to mark 10.46% decline in the year-to-dater period.

Ethereum started the year with a market cap of $74.01B but its market cap has since declined to $67.95B to mark a decline of 8.18% in market price in the year-to-date. Ethereum’s 24-hour trading volume has however climbed up marginally by 6.6% from $2.55B on January 1 to $2.72B on April 30.

Here’s how EOS has performed relative to Bitcoin (BTC)

The fact remains that the impressive outperformance of EOS in the year-to-date period isn’t representative of the performance of the general cryptocurrency industry. In fact, EOS’s massive uptrend contrasts sharply with the decline in the performance of Bitcoin.

The trading price of Bitcoin has declined from $14,112 on January 1 to $9,186 on April 30 to mark a 34% decline in its trading price in the year-to-date period. The 24-hour trading volume of Bitcoin has declined from $12.13B on January 1 to $8.55B on April 30 to mark a 29.5% decline since the markets opened for trading this year. More so, the market capitalization of Bitcoin has declined from $236.73B on January 1 to $158.46B to mark a 33% decline within the same period.

The Game Is On

The gaming industry is one of the fastest growing tech industries around. It crosses over different aspects of the ecosystem from design graphics, internet technology, to interactive virtual reality and now the blockchain.

Numbers don’t lie. International video game revenue in 2015, was estimated at US$91.5 billion; more than double the revenue of the international film industry.  According to newzoo.com, in 2016 China alone generated $24.4 billion in video game revenue, and that is just scratching the surface. The developers and target audience of the gaming industry are young and tech savvy, making the field very open to the latest technological innovations. For instance, according to researcher Stanley J. Baran one-third of all global mobile gaming revenue already comes from tablets. The secret to maintain growth is to create innovative and diverse content for all platforms. Game creators, nevertheless, have to rent expensive development environments from monopolies like Amazon or Google to host the new multiplayer functionality, stifling the creativity the industry needs to grow.

Since the industry is so open to new technologies and approaches, some companies are applying blockchain technology to help game creators develop their multiplayer games. Here are two companies who are helping game creators realize their vision through the use of advances in blockchain technology.

GamyTech’s platform, GameProtocol, allows game creators to generate a webpage in the GameStarter website explaining their game to the crypto-community. The community can then invest in the idea using Game Protocol Tokens which is the native token of the GameProtocol ecosystem. Investors receive, in exchange, better inApp tools that will help them play the completed game. A smart contract guarantees that the creating team will get paid once the game is developed. At the end of the development process, GameProtocol will publish the finished game in its own game store where users can play it provided they pay for the access with Game Protocol Tokens. Games like special Guns and Soccer championship were developed this way.

Network Units is a platform that built a decentralized gaming environment that is run on a network of cooperating player and service provider nodes. Using the blockchain, Network Units provides an environment where hardware owners share their unused CPU resources and bandwidth with game creators that require an infrastructure of servers to run the multiplayer mode in a game. Such distributed gaming network hosting asserts that this whole multiplayer functionality could be run on the blockchain, helping game creators reduce their cost of rented servers. Each player on the network can play from a node that exhibits the best geographical proximity reducing the distance that a gamer has to the nearest “server” providing better connectivity. However, the claim of getting lower latency just because a user is closer to the server though not always true, can help.

Bridging Markets and Reviving lost Demand Finally Becomes a Reality with INGOT

INGOT Group has created a first- of-its-kind blockchain ecosystem named INGOT Coin that promises to link the existing financial markets and the rapidly emerging crypto markets like never before. INGOT Group claims that this specialized ecosystem will make the customers more confident and increase market liquidity, while providing more efficient market pricing and access to funds for a wide variety of stakeholders.

April 28, 2018

INGOT Group, a multi-industry company with industry-specific professionals, is all set to bring about a groundbreaking impact on the existing financial markets. By creating a revolutionary blockchain based ecosystem named INGOT Coin (IC), they have finally made it possible to build a new pathway between the crypto and the current traditional market participants, enabling them to diversify their portfolio in an efficient and secure manner.

The vision of the IC Ecosystem is to revive the lost unity and demand for both the markets by establishing six different components to work hand in hand under one umbrella, providing all community members the chance to capitalize on the upcoming opportunities in all markets. The ecosystem is comprised of an IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank, IC Certifier and IC ICO Accelerator.

“INGOT Coin will create a complete solution by integrating 6 core ecosystem components and providing a one-stop-shop for the digital asset, traditional asset and currency markets,” said Iman Mutlaq, the Director of INGOT Group and the founder of INGOT Coin.

The IC Ecosystem will provide round the clock support, services and linkage between markets, providing the industry’s fastest and safest entry and exit mechanism for both sides, leading to making reallocation and trading techniques as  efficient as possible, without being hindered by the time and cost associated with the previously segregated markets.

Primarily, The IC Ecosystem will facilitate custodial and brokerage operations that will encompass all traditional financial instrument functions needed. Linking multi-signature and cold storage IC Wallets with the full-fledged IC Exchange in addition to linking the IC Brokerage to both components will allow clients to safely trade in crypto and alter to the traditional market freely then easily expand or liquidate their investments through the IC Bank.

“The IC Ecosystem will transform trades, settlements and payments and make them instant, bringing together different necessary components and cutting out third party intermediaries who usually delay the process and increase associated costs,” explains Ahmed Khawanky, the CMO of INGOT Coin.

INGOT Coin has already established partnerships around the region as well as globally and has been participating in the market since 1993 through their holding group INGOT Group.

INGOT Group continuously works on providing all stakeholders an ever-growing broad range of innovative products and services globally, thus allowing it to gain sufficient expertise to link this knowledge to the new blockchain environment and create an all-inclusive and self-serving Ecosystem.

The group has recently added seven advisors, all with an extraordinary background and a wealth of industry experience.

  • Warren Whitlock, PR & Marketing Advisor
  • Navin Kapoor, Blockchain ICO Advisor
  • Pranav Bhatia, Blockchain R & D
  • George Mentz, ICO Legal Advisor
  • Sydney Ifergan, ICO Marketing Advisor
  • John Van Der Voss, ICO Advisor
  • Bogdan Fiedur, ICO Tech Advisor
  • Victor Chow, ICO Business Advisor

More about INGOT Group and INGOT Coin can be found at https://www.ingotcoin.io/

About INGOT Group: A multi-industry company founded in 1993; INGOT Group has grown into one of most successful firms with industry-specific professionals operating in different companies and sectors under one umbrella. The group has fortune companies across multiple industries and adopts a strategy to expand its business and to leave an influential impact in the market field.

Website: https://www.ingotcoin.io/

Email: [email protected]

IBIN Introduces Blockshares to the Blockchain via International

Blockshare Identification Number 

As the DIM Foundation ventures closer to releasing their new Hybrid Stock Exchange, a trading platform based on blockchain technology, they are all set to adopt innovative features to sustain the needs of the ever growing industry.

April 25, 2018

Most people that are familiar with the Stock Market are aware of the need of acquiring an ISIN. The International Securities Identification Number (ISIN) is a 12 character code that uniquely identifies a specific security, such as stocks. It is the most popular securities identifier and is used globally.

With the pre-registration for issuers and users soon to be opened, the inaugural DIM Ecosystem introduces the International Blockshare Identification Number (IBIN), a 13 digit, unique serial number used to identify a corporation or organisation for listing on the Hybrid Stock Exchange. It will be this unique IBIN that will be used as a reference to buy, sell, trade and hold equity, with all details retained on the Blockchain. Each unique IBIN will function as the reference to buy, sell, trade and hold equity, with all details stored securely on the Blockchain.

The DIM Foundation is a non-profit organization that recently grabbed the attention of the crypto world by creating and distributing the two different versions of the DIM cryptocurrency (DIMCOIN and DIM Currencies). The Data Interchange Module (DIM) cryptocurrency is a p2p, quantity-committed, secure, private and robust digital medium of exchange. DIMCOIN is a speculative digital coin built upon the NEM blockchain protocol. On the other hand, the DIM Currencies serve as a medium of exchange in the DIM Ecosystem.

An online stock exchange, Hybrid Stock Exchange provides the small to medium enterprises a platform where they can engage in online stock and equity exchanges and access international capital from investors. Cryptonized assets such as intellectual property or company shares will be available on the HYBSE platform.

DIM Currencies and cryptonised assets can be managed across the globe via computers and handheld devices with the help of a state-of-the-art block chain wallet called DEPOTWALLET. The registration process is simple and easy because there is no need to have any banking details to open an account with DEPOTWALLET.

With the mainstream equity markets suffering from downsides such as over-regulation, red-tape, excessive fees and long waiting periods, HYBSE‘s blockchain-based platform looks to eliminate hurdles and allow issuers as well as investors to conduct business on a secure and efficient platform. Lower operational costs, transparency, quick learning, easy web interface, P2P trading, robust security, and the availability of a large pool of financial instruments are some of the many benefits enjoyed by HYBSE users. Tradable securities on HYBSE currently include cryptonized shares, cryptocurrencies, exchange-traded commodities, exchange-traded fund, index, and more.

In the coming weeks, issuers on the DIM Ecosystem will be able to apply and register for their IBIN at no charge. This limited time offer will be available until August 31, 2018. Anyone interested in finding out more may check the DIMCOIN Social Media for the upcoming announcement.

For any questions and information, please visit the DIMCOIN social platforms:

Telegram: https://t.me/dimcoinICO
Facebook: https://www.facebook.com/DIMCOINICO/
Twitter: @DIMCOIN_

About DIM Foundation: The DIM Foundation is a non-profit organization that is responsible for the creation, management and distribution of the DIM (DIMCOIN and DIM Currencies) and DIM TOKEN. All the profits received by the foundation will be utilized to further improve the DIM in order to increase its value.

HYBSE has a license of Dealers in Securities in Vanuatu with the license number 17911

Parsec Frontiers Announces Start of Token Crowdsale Opening Way to Stars Colonization

On May 15, Parsec Frontiers, an online game about humanity’s colonization of the stars and planets in the Milky Way, starts the crowdsale of its tokens. The project has already succeeded in early presale stage. The team raised more than 700 ETH in January during the closed sale round, while the soft cap for the sale was 400 ETH.

There is not much time left before the stars will be open for travellers! Galaxy exploration starts in December 2018, when the first Ark ships leave the Earth, and about 900 spaceships will frequently leave the Earth for the following three months. After this, all additional spaceships must be crafted by players. The game is planned to be feature complete in December, 2019.

“We are targeting regular space/strategy MMO game fans, to reach beyond the traditional crypto gamer crowd that buys crypto kittie tokens on Ethereum,” comments Henning Rokling, the project founder. “We are creating a full blown MMO for hardcore strategy gamers, with blockchain as an underlying technology.”

Why Parsec Tokens?

Parsec Credits will be the only accepted currency for the spaceship and space station auctions. And the crowdsale is the last chance to buy this currency, as all unsold tokens will be burned. if you are late to buy Parsec Credits, you will have to go on an exchange to get involved in the game.

To incentivize holders of Parsec Credits, a deflationary mechanism relating to all in-game value transactions will reduce the money supply in the economy. Trading exchanges on space stations and planets are either operated by the game’s backend or are owned by players who has purchased an exchange.

Every transaction on a trading exchange will be subject to a transaction fee paid by the seller from the achieved sale price. The fee has a fixed portion of 3% paid to the server wallet, and an optional portion of up to 2% paid to the exchange owner’s wallet as per the exchange owner’s discretion.

The game thus contributes 2% of all transactions proportionally to all token holders by reducing the total money supply in the economy.

More details are available in project White Paper .

Bought The Wrong Coin? CoinJanitor Can Help You Out!

Cryptocurrency markets are tricky. Despite the wealth of innovative ideas in them, most of the projects fail. In many cases, people end up buying coins that fail despite their promising concepts and technological innovation. Therefore, there is a need for a project to come into the market and recycle these valuable ideas while lending those who were unfortunate to buy into the wrong coin, a way out. That is exactly what CoinJanitor will do.

What is CoinJanitor?

CoinJanitor introduced a unique concept into the cryptocurrency markets. The idea is that CoinJanitor can buy out dead coins using its own JAN token, and give dead coin users a way to get some of the value they have in dead coins back. Integrating dead coin holders to CoinJanitor through these buy outs will create a powerful network effect by amalgamating thousands of people under the CoinJanitor umbrella.

These buy outs also allow CoinJanitor to acquire other assets that belong to dead coins, like their marketing assets, and they will put the CoinJanitor in a privileged position to analyze dead coin code and blockchain data to produce new tools with it. This will allow CoinJanitor to effectively recycle all those valuable components that dead coins have for the benefit of the CoinJanitor community and cryptocurrency markets.

How will CoinJanitor Achieve its Goals?

CoinJanitor has already started gathering data to profile these dead coins, finding out which are the most valuable dead coins out there and how it can use those assets to create more value. A key component of this profiling exercise is to define what a dead coin is. CoinJanitor came up with the following 4 main features that allow it to understand which coins are dead and which it can buy out:

  • The dead coin has a market cap of $50,000 USD or less.
  • It is a PoW – Proof of Work – coin.
  • Said coin has been given an opportunity to succeed but has failed, so it has been in the market for 2 years or more.
  • The coin is not traded on exchanges.

Once CoinJanitor starts going through the lists it has compiled with coins that fit these conditions, it will start contacting the communities and creators of those coins to establish a buy-out agreement. Then it will proceed to take over those coins’ assets and decommission them. This includes burning all the coins it acquires during the buy outs, to effectively put the targeted dead coin to rest.

The Odds of Holding a Dead Coin are High

There are many more coins that fit this definition than many would think. For starters, there are more than 4,500 cryptocurrencies out there. More than 3,000 are not traded on any exchange. That means the odds of having bought or mined a dead coin at some point are quite high. There are thousands of people out there that bought the wrong coin. In many cases these coins offered a promising idea, but they failed and died.

What are the odds that you hold one of those coins? What are the odds one of your friends owns one? There are enough dead coins out there and enough people who ran out of luck when they bought these coins. Therefore, the cryptocurrency market clean up that CoinJanitor proposes is important. So, if you are interested in this project, the network effect it will create and the potential to find value through its recycling process, join its Telegram group, follow them on Twitter check out their YouTube channel or visit the CoinJanitor website to get more information about how you can be part of this exciting opportunity!

Outlier Ventures joins the British Private Equity & Venture Capital Association

Welcoming Europe’s first blockchain VC signals the maturity of blockchain investment and distributed ledger technology

Leading blockchain and Web 3.0 venture capital firm Outlier Ventures today announces it has joined the British Private Equity & Venture Capital Association to actively engage with the British VC community on the emerging blockchain and distributed ledger industry. Outlier Ventures’ team has established significant expertise on distributed ledger technology, token economies and compliance considerations, which the firm will share through BVCA’s extensive events and community programme.

Stephan Apel, Managing Partner at Outlier Ventures commented: “The BVCA plays a critical role in building industry knowledge and best practice through its focus on training, events and research. This work leads to higher professional standards across the industry which Outlier Ventures has always been keen to bring to the emerging distributed ledger sector. We look forward to learning from the BVCA community as well as sharing our expertise on the emerging blockchain and token economy.”

The BVCA’s Venture Capital Committee Chair David Mott added: “The distributed ledger sector is a hotbed of innovation as teams focus on reimaging today’s web. Naturally this type of wholesale innovation requires appropriate funding and offers significant opportunities to our industry. Outlier Ventures has established a reputation for mature practice and deep expertise around how blockchain converges with other deep technologies, such as Artificial Intelligence. We’re excited to have them join the BVCA.”

Outlier Ventures is actively working with policy makers and the wider industry to further knowledge sharing on the evolution of decentralised technologies. The company is engaged with the All-Party Parliamentary Group on blockchain, are member of The Wall Street Blockchain Alliance and sits on Tech UK’s distributed ledger working group. The firm’s CEO Jamie Burke recently presented to the European Parliament on the evolution of Robotics and AI, his presentation is available on request.

The recently published Convergence Ecosystem report from Outlier Ventures is also now available and outlines the evolving decentralised technology stack and the emerging foundations of a new data infrastructure, which supports entirely new economic models.

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About Outlier Ventures

Outlier Ventures was launched in 2014 as the first European VC focused on blockchain technologies. Now, with a team of 20, they help pre-seed and seed stage startups navigate the emerging token space. Their venture platform which includes academic and corporate partners, offers strategic guidance on token design, their underlying economics, compliance, as well as marketing and technical development.

Their investment philosophy is based on the convergence of decentralised technologies like blockchains and distributed ledgers with ‘deep tech’ such as artificial intelligence, robotics, the Internet of Things, and 3D printing primarily within the Industry 4.0, Smart Cities and Mobility markets.

Having already backed IOTA, a highly-regarded crypto-asset focused on securing machine-to-machine payments for Industrial IoT, and more recently Evernym and the Sovrin Foundation they plan to roll out a series of ambitious investments and strategic partnerships with their corporate and academic network. https://outlierventures.io/

About BVCA

The British Private Equity & Venture Capital Association (BVCA) is the industry body for the UK private equity and venture capital industry. The BVCA has over 700 member firms, representing the vast majority of UK-based private equity and venture capital firms and their advisers.

 

Reliving the Glory Days Has Gotten Even Better

Many love to talk about the “glory days”, the times when things weren’t so bad. The phrase can be applied to a myriad of topics, including music. Today, many long for the glory days of rock n’ roll, especially since there has yet to be another group like The Beatles, The Rolling Stones, and Led Zeppelin. Thankfully, however, there are ways for fans to relive the “glory days” because of incredible developments in modern technology.

After their drummer, John Bonham passed away, Led Zeppelin broke up, ending their “good ‘ol days”. However, it was the amazing advances in movie and DVD technology that allowed the band’s memory to be forever etched in the digital world. Their concert DVDs weren’t the first to be published, and they certainly wasn’t the last. Yet lifelong fans could enjoy a concert from their home T.V., laptop, or portable DVD device. They could in a sense relive the glory days of rock n’ roll as they pleased.

Even now, concert goers can re-experience the concert magic of their favorite modern day artists. Jay Z, Taylor Swift, and Katy Perry are just a small sampling of the artists that have live DVDs available for sale, allowing their devoted fans access to concert footage they may have never seen before. In other words, the DVD industry forever changed the way people watch concerts.

Blockchain and Virtual Reality are Changing the Game Even More

Soon, concert DVDs may be a thing of the past. The advent and growing popularity of virtual reality (VR) has put lifelike concert experiences at the fingertips of the world’s biggest fans. Brian Markwalter, a senior vice president at the Consumer Technology Association, noted, “Concerts are a natural and viable application for VR – a technology that has the potential to change entertainment as we know it… Just as VR is transforming the way we enjoy gaming and travel, VR has the unique ability to offer an immersive, one-of-kind experience – engaging audiences and tapping their passion like ever before.” Several high profile companies are heavily involved in the VR arms race, including Google, Sony, Samsung, and CEEK.

What’s more, some companies like CEEK are harnessing the power of blockchain technology to make VR experiences–including concerts–even more realistic. The integration of blockchain technology will only further the progress that’s been made in virtual reality technology over the past decade. This integration can make concerts much more affordable. Digital concerts require tremendously less overhead than a typical concert, while third parties like ticket brokers and scalpers are completely eliminated.

Lower costs for consumers don’t necessarily mean lower quality, however. Blockchain powered VR concerts give fans the unique opportunity to purchase behind the scenes looks at different live shows, including unique digital VIP experiences. Likewise, fans can use decentralized crypto tokens issued by their favorite artists to buy digital goods and merchandise. The implementation of blockchain technology gives both fans and artists access to a digital world previously unattainable. The fact that artists are able to issue their own tokens and digital merchandise adds a personal touch to the platform, creating a unique but previously impossible relationship between a celebrity and their fans.

Smart contract based systems are what allow users to trade digital goods with decentralized cryptocurrencies while also providing protection and security that evades modern transactions. Each interaction between users–musicians and their fans, or fans with other fans–is secured by a smart contract so that no fraud takes place. What’s more, smart contracts and decentralized marketplaces provide a level of transparency that the virtual good community will greatly appreciate.

In case this sounds too good to be true, CEEK actually has a live, working platform with partnerships with stars like Katy Perry, U2, and Lady Gaga. The device is available on Amazon.com yet comes at a fraction of the cost of other devices, but the same–if not better–quality. The blockchain upgrades will only make it better.

Bitcoin, Ethereum and Blockchain Super Conference II Offers Rare Opportunity to Network with Cryptocurrency and Blockchain Leaders

DALLAS, TX – Richard, organizer of the original Bitcoin, Ethereum and Blockchain Super Conference, held in February, is hosting a follow-up conference in September. Like the first conference, the second offers attendees a rare opportunity to network with many of the most respected players in the cryptocurrency and blockchain space – including developers, entrepreneurs, venture capitalists, and “smart money” hedge fund managers who are now piling their capital into blockchain assets.

Headline speakers include major industry leaders like Tim Draper (the billionaire venture capitalist who famously bet on Skype before it got bit), Mark Yusko (founder of Morgan Creek Capital Management, who manages $4.5 billion), Nick Spanos (founder and CEO of Blockchain Technologies Corp.), and Lyn Ulbricht (CEO at Ross Ulbricht Defense).

When asked why he decided to organize a second conference, Mr. Jacobs responded: “So much has changed in the crypto space since February. There are a lot of new threats and new opportunities that nobody seems to be talking about. So, we decided to bring together dozens of the most respected players again, and some who couldn’t make it last time, so they can fill in investors on the latest developments.”

Mr. Jacobs continued: “What people really loved about the last conference was the networking. We had a ton of exhibitors outside, so it partly felt like being at the Consumer Electronics Show, but for crypto and blockchain. We had a lot of great speakers too! Folks said they learned a lot. But what they loved most was the chance to spend three days with a bunch of other smart people, making valuable connections, talking shop, exchanging blockchain investment ideas, and even creating joint ventures.”

The second Bitcoin, Ethereum, and Blockchain Super Conference is expected to have over 1,000 attendees, 70 top-notch speakers and 100+ exhibitors from the world of cryptocurrency, blockchain, and, in a few cases, other future techs – as well as talks from ICOs and blockchain start-ups.

Tickets are now available here:

https://www.thefuturetechexpo.com/register/

###

Press contact:

Richard Jacobs

[email protected]

(888) 448-4590

 

About the Bitcoin, Ethereum, and Blockchain Super Conference II:

 

This three-day conference will be held at Kay Bailey Hutchison Convention Center at Dallas from Friday September 14th to Sunday September 16th, 2018. We are expecting more than 1,000 attendees, at least 50 headline speakers, and upward of 50 exhibitors – with talks from founders, developers, and early-stage investors of cryptocurrencies and blockchain startups, including many that are planning ICOs throughout last 2018 and 2019.

 

More information is available at:

https://www.thefuturetechexpo.com/register/

AirChain Network Introduces Mobile Application to Make Air Freight Sector Transparent, Safe and Flexible Like Never Before

AirChain Network , a blockchain powered ecosystem designed especially for the air freight sector, is all set to revolutionize the industry by addressing long standing  problems such as transparency, safety, and flexibility. The platform’s mobile applications are currently available for download via the App Store and Google Play.

Warsaw, Poland April 16, 2018

AirChain Network is pleased to announce the official launch of their mobile application via the App Store and Google Play. The company reveals that the beta version of AirChain Network has also gone live recently. This blockchain powered ecosystem has been built by a team of experienced developers and blockchain experts with the intention of making the air freight sector more efficient by bringing transparency, safety, and flexibility.

The global air transportation industry is a huge sector that plays an important role in people’s lives as well as industries all over the world. However, the constant increase in fuel price in the recent years has led to a situation where the air cargo is often beyond the financial capacity of an average individual, business or enterprise. At present, many companies are also reconsidering the use of air freights because of the rapidly rising security issues. Making things worse, this industry has always lagged behind in terms of transparency and the adoption of innovative technologies.

AirChain Network has built a simple yet comprehensive ecosystem that provides access to the sophisticated tools and techniques of the freight industry without the stress and price. They are creating business opportunities for the investors by providing them free and direct access to a huge range of offers that were previously available only to the institutional investors. The goal of the network is to help the business and logistic companies deliver goods and services efficiently, while the use of blockchain technology removes duplication, ensures distribution and enforces transparency. The investors and businesses using AirChain Network are able to exchange goods and services for fiat or cryptocurrency in a transparent, tamper proof and immutable distributed ledger.

“Let us assume that Tom is flying from Berlin to Seoul and has 5kg of portable luggage available. Maria, living and working in Berlin, wants to send her friend in Seoul a 5kg gift parcel. If Maria sends her parcel by conventional means of transport, the cost will be quite high and the waiting time will be long. AirChain ecosystem allows Maria and Tom to meet and exchange their needs,” explains a senior spokesperson from AirChain Network.  “Maria’s package arrives at his friend’s place for the best cost, safely and quickly. Tom, on the other hand, earns an income without any effort due to the sale of his empty baggage.”

The use of the just launched mobile application from AirChain Network involves the following simple steps.

  • Choose location: Customer selects the arrival and departure of the package.
  • Start a conversation: After selecting the most appropriate traveler, the customers can start a conversation and finalize the deal.
  • Check the package: Traveler receives the package and starts the trip
  • Delivery of the package: The customer receives the package.

Using this mobile application, it is possible to track the parcels, goods and services sent over the network. The users will also be able to add friends, family and others and easily send and receive coins from people on the friend list. The app’s encrypted chat function allows the users to chat with their contacts.  There is also a 100% secure wallet to wallet chat function. The review history of all users can be seen, helping them build credibility on the ecosystem.

The ANK token is the proprietary utility token of AirChain Network that allows the community members to send parcels on the ecosystem and make more income. Using the ANK token, it is possible to pay for parcels fee and exchange parcels and income on a peer to peer level without intermediary or regulatory fees. Before a contract, the sender and receiver are required to go through a KYC/AML process conducted by a reputable third party.  Once the order is accepted, smart contact for both sides is executed by the ANK application and committed by the ANK token. The senders receive the ANK tokens in their wallet after the recipients receive their package and confirm the same.
To find out more about AirChain Network, please visit https://airchain.network/

About AirChain Network: AirChain Network is a designed especially for the air freight sector. Its blockchain powered ecosystem addresses the most critical problems of the industry such as transparency, safety, and flexibility. AirChain Network has recently introduced their mobile application in two different versions for the Android and iOS versions.

Contact:

Marcin Tn
[email protected]

Website: https://airchain.network/