Following the event’s groundbreaking success in 2017, Blockchain Life 2018 is all set to make a comeback to Russian and Eastern Europe’s leading venue Expoforum in St. Petersburg. Scheduled to be held on November 7-8, this year’s forum is expected to bring together over 5000 participants from more than 70 countries across the globe. One of the world’s largest international forums on blockchain and cryptocurrency, Blockchain Life has just announced its return to the St. Petersburg for the Blockchain Life 2018 to be held in the renowned Expoforum on November 7-8. It may be recalled that the Blockchain Life 2017 conference was the biggest event of the year in Eastern Europe on blockchain and cryptocurrency.

The purpose of the Blockchain Life forum is to unite the crypto community and attract more professionals to the industry. One of the most important characteristic features of this event is the complete absence of advertising reports. All speeches and presentations delivered at the forum are focused on discussing the ways to earn money on cryptocurrencies and blockchain technology.

Blockchain Life 2018 organizers are expecting no less than five thousand plus attendees from over seventy countries, including crypto traders, ICO project owners, private investors, developers, global exchange owners and operators, and blockchain experts. The two-day event is an opportunity not to be missed by everyone interested in earning and investing in cryptocurrencies and blockchain projects.

More than eighty noted business leaders and innovators will be present at the Blockchain Life 2018 conference as speakers. Some of the most distinguished names in this high-profile line-up include Sergei Khitrov (Listing.Help, Icotop.io), Wu Xing (Huobi Exchange), Phillip Nunn (ICO advisor), Nikolai Shkilev (ICO advisor), Stefano Virgilli (ICO advisor), Khachatur Ghukasyan (Swiss Blockchain Foundation), and many other leading international industry professionals. Most of the discussions will cover the most relevant topics related to cryptocurrencies, blockchain, mining, and ICOs.

During Blockchain Life 2018, for the first time in the forum, leading companies of the industry will compete for the title of the best in its segment within the global annual award Blockchain Life Awards 2018.

Blockchain Life 2018 will be held in Expoforum, one of the most sought after event venues in Europe. The venue offers a huge exhibition area of over three thousand square meters, more than one hundred exhibition booths, and a special pitch section for the ICO startups.

“In 2017, we were the first to hold a large-scale educational conference and exhibition of industry projects, bringing together more than 1,700 people. All tickets were sold out almost a month before the conference”, Sergei Khitrov says. “In 2018, we expect more than 5,000 participants”. Buy your ticket now for the biggest event in the field of blockchain in Europe.

Tickets for the Blockchain Life 2018 conference are currently up for sale in four different categories, starting from 499 rubles or 0.0012 btc.  Participants of our forum can also book accommodation in nearby hotels with a discount up to 30%.

To buy tickets for the largest blockchain industry event in Russia and Eastern Europe, please visit https://blockchain-life.com/en/

A little about Blockchain Life 2018: Blockchain Life 2018 is the largest event in the industry of blockchain, cryptocurrency, mining, and ICO in Russia and Eastern Europe and one of the biggest in the world. The event will be held in Expoforum, the best venue of Russia. Blockchain Life 2018 will bring together over five thousand participants, including the largest investors, entrepreneurs, owners of ICO projects and individuals interested in earning by investing in crypto projects.

Contact: Sofia

Email: infopartners@blockchain-life.com

While news in the crypto space aren’t rife with record-high market caps, the underlying technology, that is the blockchain, is having quite a year. After a prolific and record-breaking year in 2017, new blockchains funded by the ICO model, are the main attraction for the crypto movement.

So far this year, there have been more than 700 projects that collectively earned nearly $18 billion. In just a short period of time, the blockchain space became a crowded place.

With that new arrangement, there is growing debate about the qualities that set blockchain startups apart from one another. In a very real way, their ability to deliver on their promises is becoming an increasingly important differentiator. People are becoming fatigued by platforms making grandiose promises with little technical ability to deliver on their ideals.

Meanwhile, other platforms are acquiring a devoted following and are demonstrating technological capabilities that show that they are ready to lead the charge in the decentralized economy.

One platform, Leonardo Render, had a big week in this regard. The blockchain startup, which provides graphics rendering services that are facilitated by the token economy, is set to launch its public presale in less than a month.

Before the launch, the company put its network through an important stress test to ensure that they are capable of delivering a high-end product when their public sale begins.

Test Results Are In

Leonardo Render put their network to the test against eleven prominent competitors including Amazon Web Services (Renderbot), Fox Render Farm, Turborender, RebusFarm, Paperspace, RenderRocket, Render4You, vsocloud, Render Street, BlenderGrid, and Anima Render.

Surprisingly, many of these platforms failed to perform the desired task because they were inaccessible due to login issues or other accessibility shortcomings. Ultimately, only three of the eleven platforms completed the rending tests.

These problems are especially surprising given the high-caliber companies involved in the benchmarking and their established place in the industry.

To create a level testing field, each platform attempted to render two images, a BMW photo and a standard Koro Blender image. The three companies that successfully rendered the Koro imagine took between 15 – 20 minutes to complete the test, and the effort cost $1. The BMW image rendered significantly faster, taking just three minutes and costing $0.20.

Meanwhile, Leonardo Render outperformed the market in both instances. The Koro image was completed in seven minutes, and the BMW image rendered in just two minutes. In addition, Leonardo Render performed both tests significantly more cheaply than its competitors, costing just $0.22 and $0.06 respectively.

Although Leonardo Render is a functioning platform with an existing client base, it’s still in the startup phase. However, it wholly outperformed industry incumbents.

Interpreting the Findings

The blockchain industry is producing a flurry of startups that are delivering mixed results when it comes to actual platform implementation. The chasm between companies that claim excellence and those that deliver on this promise is growing ever wider, and Leonardo Render’s latest benchmark test places them solidly among the companies delivering on their premise.

Moreover, Leonardo Render addresses an important cultural concern. With more professionals leaving corporate jobs in favor of a freelance career, many are without the technological capabilities that their corporate jobs once provided. As a result, third-party rendering services are in high demand. The most capable and affordable services will play a pivotal role in this sector’s proliferation.

The combination of an exceedingly competent platform and an in-demand service is the recipe for effective blockchain proliferation. As the growing cadre of blockchain companies is sorted, these are bound to be the defining characteristics that separate successful startups and well-orchestrated flops.

Wildly popular mobile games company Stick Sports Ltd, creators of the fiendishly addictive Stick Cricket, Tennis and Football games, are climbing aboard the blockchain train and shaking things up in the free-to-play mobile games arena.

How exactly do they plan to initiate this shake up? It all centres around in-games assets and the player’s ownership of them. Currently, any assets a someone gets their hands on during a game are not technically owned by the player, instead being merely licenced out by the publisher—kinda like having your hand in the cookie jar but not being able to take it out to eat the aforementioned cookie. This is where Stick Sports plan to buck the trend, with the help of the blockchain.

The upcoming reboot of their Stick Cricket game will utilise blockchain tech to allow players to officially own any assets they buy, win, earn or create while playing, so they can take that cookie, and do whatever their heart desires with it, whether it’s keeping it, flogging it or digitally eating it. In addition, these players can record their own history on assets to make them truly one of kind items, in turn customising key components of the game. And gone are the days where assets will only hold any value when they’re inside the game. Utilising the blockchain means they will have real-world value outside of the gaming landscape. This essentially gives players a new dimension to work with, where they are not only gamers, but stakeholders holding an investment with a true incentive for the game they’re playing to be successful.

Games transitioning to the blockchain so far have still met some problems they need to overcome. For starters, it’s a sizeable entry barrier to entice someone with zero interest in crypto to head over to the blockchain world. However, the benefits are easy to see, and with current none-blockchain based games often lacking certain gameplay incentives, the number of people who do get into crypto could skyrocket once they start to see how it would enhance their experiences.

This is why Stick Sports are actively targeting gamers in their new venture, rather than traditional crypto-enthusiasts, creating a whole host of tantalising technologies to pique the interest of avid players, and remove the obstacles that often feel too complicated to the average consumer when they hear the word ‘blockchain’. Stick Sports Founder and CEO, Paul Collins, certainly believes that his company will be able to achieve this, saying “after this shift, there will be no going back for the industry. As a leading adopter of mobile games and free-to-play formats, we strive to be at the forefront of change within the games industry. We’re incredibly excited about the radical evolution this new initiative will bring.”

The new blockchain-based Stick Cricket game will first launch in India, such is their love of the sport there. Plus, with India being the largest market for Google Play downloads, and with a huge projected growth for new smartphones, there is certainly scope for reaching an massive untapped market.

With a staggering number of downloads across Android and iOS, currently over 70 million and counting, Stick Sports have certainly shown their ability to create successful games people love to play, now let’s see if they can mimic this success over on the blockchain landscape.

Source: Pressat

Blockchain startup Crypterium headed by former VISA UK CEO is making crypto that little bit easier so even your Grandma could use it.

Crypterium, a Blockchain based startup has introduced a new feature that enables anyone to send cryptocurrency using just the recipient’s phone number. The transfer happens almost instantly and the technology is able to process a million transactions per second due to its off-chain technology. This simplifies usage and opens up usability to anyone who can send a text message.

The recipient does not need a wallet in place to receive the cryptocurrency, instructions are sent via a text message on how to access and use the funds, making it extremely easy to send Bitcoin to your grandma, friend or someone you owe money to anywhere in the world.

Crypterium takes direct aim and addresses the elephant in the room when it comes to cryptocurrencies. Crypto currently sucks at being user friendly for the many non-tech savvy users. They partly aim to solve this by removing the need for complicated wallet addresses and with speeding up transaction times, which at the moment for popular cryptocurrencies could take anywhere from minutes to days if the network is congested.

Former Visa UK CEO Marc O’Brien currently sits as the CEO at Crypterium and has set a goal of bringing the crypto industry mainstream and making it more user friendly.

“We’re on our way to the 21st century’s “Netscape moment”, the day when a California startup’s eye-popping market debut illuminated the World Wide Web for millions of people, otherwise only vaguely familiar with its potential and promise,” – he explains, mentioning that his own startup, Crypterium, “makes buying, selling and spending of cryptocurrency in everyday life as easy as possible, and that’s what will bring the next billions of people to using crypto.”

“We have analyzed the most popular crypto wallets in the market, and none of them offer anything like it, though it sounds so exciting,” O’Brien says.

We spoke to Crypterium CEO, Marc O’Brien about the future in banking:

1. What benefits does handling the transactions off-chain provide? Does this defeat the purpose of the Blockchain? How does Crypterium prevent double spend issues?

We are aiming to create a universal solution for implementing cryptocurrency into the existing payment infrastructure, and it’s currently impossible to achieve our goal without running operations off-chain. You just can’t implement decentralized systems into existing protocols and payment systems. Using off-chain allows us to merge those two completely different worlds.

We don’t think it is defeating the purpose of the blockchain, but it definitely helps to make blockchain mainstream.

To prevent double spending, we are implementing a technology based on a smart contract that needs approvals both from our user and from us to run the transaction.

2. Can you explain how consumers will make the shift from lets say using there VISA card with their high street bank to paying for a pint of milk at the corner shop with Crypterium?

It’s just the matter of habit. Once people try paying with crypto and see the advantages, they wouldn’t want to go back to fiat.

As CEO of Visa UK, one of my favorite projects was to work across the industry and build contactless for Europe. The vision that we had was to actually make contactless an everyday experience for consumers to be able to buy low value items like newspapers or coffee quickly and conveniently with a contactless card. It seemed very unusual at the beginning, but today, can you imagine your life without contactless payments?

3. Traditional banks offer many security features such as fraud prevention, refunds etc. This often drives consumer trust and authority. With crypto this is a major concern, particularly because it is all still new technology and the fact that it is sometimes associated with a sketchy darknet past. How will consumers trust your cryptobank?

Our app meets all the security requirements for traditional mobile banks. We use the most advanced security features, and our app was reportedly audited in accordance with the highest banking standards.

We are Safety Leaders Award Winner 2017, we have PCI DSS compliance certificates, and we have decades of experience in payments industry to help us build a secure product.

We also offer refunds on the purchases. Right now, you can top up your phone with crypto, and if there’s any problem, we have a well-functioning refund system to

Moreover, we are looking for an insurance partner to provide something like FDIC insurance.

4. How does Crypterium work with current financial legislation? How does it operate within those frameworks? Do these frameworks stifle adoption or cause any complications?

The situation differs from country to country, and we’re working on building relation with regulators worldwide as Crypterium is a global project. We already have three licenses, and we have applied for more. We can definitely see interest in most of the countries, and a shift from attempts to ban crypto to attempts to learn and understand this new industry.

5. Many crypto firms who offered debit cards such as XAPO have slowly been cut off from the merchant networks for reasons that have never been clear. Crypterium integrates with these card terminals currently present in shops but how do you plan to secure this partnership moving forward? As with these other services could the traditional banks simply shut out Crypterium. Are you seen as competition?

I don’t want to comment on our competitors, but some of them have made some obvious mistakes violating financial regulation. Our lawyers make sure that we comply with legislation in every region we’re entering, we are 100% transparent to regulators and governments. It takes time, it takes effort, but it secures our future and allows us to build a product that will last.

I also want to indicate that we don’t integrate with card terminals. We partner with banks to issue virtual cards that our users will use to pay at any NFC terminal, or via QR codes, etc. We are also working on unique solutions for e-commerce platforms and site builders to let the merchants receive crypto payments.

Last but not least, we always have plan B, if something goes wrong with one of our partnerships. And then plan C, D and E.

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Crypterium allows you to “pay with crypto anywhere in the world” and works just like a traditional bank but without a 3rd party.  Assets are held securely in your cryptobank and can be used to purchase goods in real-time via the standard contactless card readers present in many shops, this is done via a virtual card attached to your Crypterium app.

Crypto Mining

Splitt, a recently launched cloud server cryptocurrency mining service, is now making crypto mining user-friendly and safe like never before. Available currently in fifteen cities around the world, Splitt’s Cryptocurrency Cloud Server is steadily gaining popularity amongst the amateurs as well as experts looking to mine cryptocurrencies on a larger scale.

August 7, 2018

The global crypto mining space is currently abuzz with the launch of a new cloud server cryptocurrency mining service named Splitt. Developed taking the future of cryptocurrency mining into account, this service introduces an all new approach to carry out cryptocurrency mining at home without any hassles whatsoever.  With its highly sophisticated Cryptocurrency Cloud Server, Splitt prioritizes on offering a standardized, high-performance cloud computing environment in all fifteen cities they are serving at present.

Over the last decade or so, Bitcoin mining has become extremely popular amongst the crypto enthusiasts around the world. The process involves solving complex mathematical calculations via computers to receive a block in the blockchain and Bitcoins. However, due to the recent increase in the number of miners, Bitcoin mining has become extremely competitive. Responding to this situation, the Bitcoin network has increased the difficulty level of their puzzles.

The changing landscape of bitcoin mining demands optimized mining techniques to ensure profitability. Splitt offers mining services with ASIC integrated chips that are faster compared to GPU and CPU mining, and consume less power. Their cloud mining service requires no hardware, and utilizes shared processing power from data centers. Unlike the traditional mining techniques that require constant maintenance, Splitt makes mining cost-effective, more efficient and flexible for the miners.

Some of the most important features of Splitt include

• Better Pricing: Users need not wait for their equipment or deal with issues such as pool fees and system crashes. Hash power once purchased is retained for the entire duration of the contract.
• Transparency and Service Delivery: Splitt follows the highest level of transparency and ethical standards, and discloses everything to the public. The company is easy to locate and their staffs regularly attend a number of events.
• Mining Different Coins Simultaneously: Users can mine different coins with their purchased hash power. Allocation of hash power between the coins is completely flexible and simple to choose.
• Three-tier Affiliate System: Users can earn commission for deposits of their downline up to the third level
• Bonus System: Depending on the turnover of their first line, users are offered bonuses up to 10 BTC.

Splitt users have the option to choose from three different mining contracts with different rates of interests as mentioned below.

• Dynamic Cloud Mining: 2.64% daily, hourly misc.credit, 0.001 BTC minimum deposit, and 25BTC maximum deposit
• Bare Metal Simplified:5% daily, every twelve hours misc.credit, 0.025 BTC minimum deposit, and 50 BTC maximum deposit
• ASIC Mining 4.7%: 4.7% daily, daily misc.credit, 0. 5 BTC minimum deposit, and 500 BTC maximum deposit

In order to enhance the user experience of their customers, Splitt has recently launched their mobile application that can be downloaded from Google Play. This useful Android app allows the Splitt users to continue cryptocurrency mining on the go.

To download the Splitt mobile app, please visit https://play.google.com/store/apps/details?id=co.splitt

Splitt also has a flagship Telegram channel to help users broadcast their messages to a larger audience. More about this Telegram channel can be found at https://t.me/splittchat_en

Splitt is the result of months of hard work by a twelve member international team led by its CEO Patel Nguyen. A self-made man who has worked his way up from the bottom, Mr. Nguyen is currently one of the most admired experts in the South Asian cryptocurrency fraternity. The company’s CTO Mr. Kim Lee is a Bitcoin mining expert who was actively involved in identifying certain deficiencies in the process that were later addressed with the founding of Splitt.

“Flexible multi-algorithm cloud mining and alternatives to mining Bitcoin are just a few reasons to use Splitt’s services,” says Mr. Patel Nguyen. “We understand that mining of Bitcoin is difficult due to competition and the complexity of cryptocurrency algorithms. Minimal hardware, equipment, less consumption of electricity as well as easier travel and movement are some of the benefits you can expect while using Splitt.”

To find out more about Splitt, please visit https://splitt.co/en/

About Splitt: Splitt offers a user-friendly alternative to cryptocurrency mining from home at any time. It is suitable for amateurs as well as cryptocurrency experts working on a larger scale. The cloud mining service offers a fresh alternative to traditional means of cryptocurrency mining. The company’s priority is to offer a standardized, highly reliable, and high-performance cloud computing environment in all of the fifteen cities they serve at present.

Contact: Gerald Snief

Email: gerald.snief@splitt.so

Bitcoin appeared to lose vital $7k support earlier this week dropping to $6.9K on the 5th of August, but a small rally may soon be on the horizon from technical analysis of the charts.

What we might be seeing at the moment is a bearish decline from taking into consideration the 50-day moving average (MA) where selling pressure failed to push the price lower than $6.9k due to the strong resistance.

At the time of writing the price reached $7,287.91 on Huobi with Bithumb not far behind at $7,255.52 per Bitcoin, but western exchanges are much slow on the corrective rally with the price at $7,188.46.

At the time of writing the the price of one Bitcoin on the largest exchange by 24 hour volume, BitForex is $7,098.84

This strong buying support behind the 50-day moving average could be an early indicator of a bullish August with a rally towards $7,500 – $7,600 expected.

This change of market is based on strong rumours circulating that the U.S. Securities and Exchange Commission (SEC) may finally give the green light to a Bitcoin exchange-traded fund (ETF) at the end of this week when the SEC meet on the 10th of August.

In other news major Swiss-based banks, CoinBase and Goldman Sachs are enhancing custody services for their big institutional clients which will see a secure cryptocurrency service for storing large amounts of crypto.

What do you think will happen to the Bitcoin price this week?

Leading crypto-backed loans provider Nexo has signed a partnership with UTRUST

 

Nexo, the world’s first instant crypto-backed loans platform, has announced that they have signed a  partnership with the crypto payment platform UTRUST (known as the Paypal of Crypto) for the integration of Nexo’s instant loan solution on the UTRUST platform.

“PayPal Credit” for the Crypto Industry

As a result of the agreement, UTRUST will integrate Nexo’s instant crypto-backed lending capabilities on UTRUST’s platform in order to provide crypto holders with the option to make delayed payment purchases, quite similar to PayPal Credit.

“We are thrilled by the possibilities our partnership with Nexo opens up for the crypto world,” said Nuno Correia, CEO of UTRUST. “We are joining forces to further build on our mission to provide consumers and merchants with a reliable payment infrastructure, allowing them to tap into the full potential of cryptographic technologies.”

The partnership expands the two companies’ existing infrastructures, allowing buyers to make secure purchases while HODL-ing their crypto assets.

“One of the main barriers to cryptocurrencies’ mainstream adoption has been an inadequate payment infrastructure and merchant network, limiting consumers’ buying choices and, ultimately, disturbing their purchasing experience,” said Georgi Shulev, Nexo’s Managing Partner. “The partnership between Nexo and UTRUST is intended to correct this deficiency and empower buyers and merchants alike to tap into the unlimited capabilities of blockchain and cryptocurrencies.”

Nexo helps crypto investors unlock the value of their wealth by providing them with instant loans in USD, EUR and USDT (Tether) against their crypto-holdings. By securing their assets in the Nexo Platform, rather than selling them, clients obtain immediate access to cash and keep the upside of future value appreciation of their cryptocurrencies and tokens. The concept has quickly gained an enormous following amongst crypto miners, hedge funds, ICO companies and many more. Investors of all sizes and nationalities have found various reasons why Nexo is their first association with crypto-backed loans.

While blockchain payments have undoubtedly disrupted financial transactions with their speed and low fees, UTRUST adds a much-needed consumer protection layer.

Benefits for Consumer and Merchants

UTRUST’s platform enables consumers to enjoy the comfort of paying with cryptocurrencies in a secure way. It acts as a third-party mediator, holding funds on each payment until the seller delivers the product or service. In addition, it protects buyers and sellers from market volatility, by converting cryptocurrencies to fiat immediately after payment.

The company allows for friendly dispute resolutions between buyers and sellers. In case the parties fail to reach an agreement, UTRUST steps in and refunds the buyer, upholding standards like those of Paypal.

Integrating Nexo’s crypto-backed lending capabilities within the UTRUST payment platform benefits all parties in a number of ways:

• Consumers can make purchases with cryptocurrencies while keeping their crypto assets and enjoying any value appreciation;
• Merchants can increase their revenues by offering more flexible payment options, seamlessly adding a revolving line of credit to their stores without no extra cost or effort;
• In broader terms, the service will further enhance cryptocurrencies’ real-world applications and pave the way for mass adoption.

With the launch of their Crowdsale over the weekend, Cosplay Token partners with SelfKey, a self-sovereign identity system that is secure and efficient for participants to complete their Know Your Customer (KYC).

Participants to the Crowdsale will only need to set up their SelfKey ID once by providing their personal details and KYC documents such as a Passport, ID Card, Driver’s License, Proof of Address or a Selfie.

According to SelfKey, “All data and documents are stored locally in your device – not in a SelfKey server or in the blockchain. No one has access to your information but you and it can never be shared without your consent.”

Cosplay Token will unlock the potential of the $45bn dollar industry as a payment currency and as a reserve for the creation of Player Coins within the community.

Together with SelfKey, Cosplay Token is set to create a safer and more trustworthy environment for everyone involved in the cosplay-sphere.

The Cosplay Token Crowdsale is now live until the 1st of September (23:59 UTC). All participants will be rewarded with a generous bonus of 10% until the 11th of August.

All participants to the Crowdsale will also be eligible for special bonuses after the ICO when they pre-select their desired vesting period, setting aside a portion of Cosplay Token (COT). The total amount of COT including bonuses will be distributed after the Crowdsale. The bonus structure is as follows:3 months: +10% bonus
6 months: +20% bonus
12 months: +30% bonus
24 months: +40% bonus

Therefore, it is far more rewarding to secure COT in a longer vesting period for more rewarding bonuses.

To find out more about Cosplay Token, visit https://cot.curecos.com/token-sale/ and complete your KYC with SelfKey to join the whitelist. Join the community at https://t.me/cosplaytoken and reach out to them at press@curecos.com.

Food giant Nestlé Nestlé envisions real-time trackable products on the blockchain tracking baby food from source to mouth

Nestlé, the largest food company in the world is tracking baby food products on the blockchain as part of a food industry exercise with nine other major food companies.

 

 

The Blockchain implementation will be used to track the ingredients of its baby food product Gerber, with the goal of reducing food recalls and increasing consumer trust. Customers will be able to trace the origins of all ingredients and see where they have come from on a public ledger.

 

Speaking to CIO Journal’s Kim S. Nash, “People want to know, quite rightly, where ingredients they give to their baby have come from,” he said.

 

 

“Nestlé tracks ingredients across Blockchain from suppliers to Babies mouths”

The Swiss headquartered company is working in conjunction with nine other major food companies including Walmart Inc, International Business Machines Corp and rival Unilever PLC to develop a system called Food Trust which leverages blockchain technology to create a single record shared among the firms to speed up investigations of bad food or products that are recalled.

The Nestlé blockchain experiment is making progress but is still in its early stages as the whole supply chain infrastructure requires redevelopment.This includes shipping, processing, trucking and many software stages currently used.

The supply chain industry is one of the hottest areas where Blockchain can be implemented. Just earlier this year a food scare saw twelve million boxes of baby milk being recalled in a salmonella scandal by French dairy giant Lactalis. With Blockchain technology implemented into the supply chain process food recalls, ingredients, shipping, tracking and other areas become transparent and subsequently prevent and quickly resolve such issues.

Earlier this year the UK’s Food Standards Agency trialed blockchain technology to ensure compliance in cattle slaughterhouses, one of the many governments and large companies around the world who are also looking into the benefits of the blockchain.

Radar Relay secures investment from Blockchain Capital, Tusk Ventures, Collaborative Fund, Distributed Global, and Reciprocal Ventures and others support in series A funding of $10 million dollars.

Radar Relay, the wallet-to-wallet decentralized trading platform, has announced the successful completion of its Series A funding round of $10 million USD. Led by Blockchain Capital with contributions from leading investment firms Tusk Ventures, Distributed Global, Reciprocal Ventures, and Collaborative Fund, among others, the raise will support the development of new product research, strategic hiring, and global expansion of the Radar Relay platform.

Radar Relay CEO Alan Curtis said: “The support from these leading venture capital and investment firms — many of whom also participated in our seed funding round last year — validates our progress towards onboarding the world to the token economy. Executing on our mission may take time, but with their support and industry knowledge, we can build an enduring, multigenerational company.”

Founded in 2013, San Francisco-based Blockchain Capital is one of the most established and active venture investors in the blockchain space. In March 2018, Blockchain Capital raised $150 million USD for its fourth fund, bringing its total value of assets under management to $250 million USD. Since its inception, Blockchain Capital has helped finance leading blockchain companies, protocols, and tokens such as Circle, Coinbase, ShapeShift, and Kraken.

Blockchain Capital Partner Spencer Bogart said: “The Radar Relay team has consistently demonstrated a superior ability to execute, ship, and deliver product that exceeds expectations and pushes the industry to higher standards. While Radar’s delivery to date has been exceptional, the most compelling aspect is Radar’s upcoming product roadmap and the opportunity ahead. Ultimately, this is a proven team executing against a high-conviction opportunity and I am thrilled to lead the Series A and join the Board.”

Tusk Ventures is a New York-based venture capital and political strategy firm dedicated to helping emerging technology businesses navigate complex regulatory landscapes. Founder and CEO Bradley Tusk notably served as Campaign Manager for former New York City Mayor Michael Bloomberg during his successful third-term campaign in 2009. Tusk and his venture capital firm have since provided political, investment, and operational guidance to more than a dozen successful startup companies including Uber, Circle, FanDuel, and Bird.

Tusk Ventures Managing Partner and Head of Investments Jordan Nof said: “Decentralized exchanges represent the next wave of innovation in cryptocurrency trading. We were highly impressed by Radar Relay’s focus on building an intuitive product for mainstream adoption and their commitment to proactively working with regulators to ensure a proper framework is established. We are excited to partner with Radar Relay and support the team’s regulatory strategy as they continue to grow their business and become the industry standard peer-to-peer trading platform.”

Other participants in Radar Relay’s Series A funding round include Distributed Global, Reciprocal Ventures, Collaborative Fund, Elefund, Slow Ventures, SV Angel, Kindred Ventures, Breyer Capital, Digital Currency Group, V1.VC, Kokopelli, Village Global, and Chapter One.

Since launching in October 2017, Radar Relay has welcomed thousands of users from 150 countries to its platform, onboarded 170 tokens, traded more than $150 million USD in volume, and grown its team to almost 30 employees.

For more information visit the Radar Relay blog post or radarrelay.com.