TriForce Tokens Blockchain Gaming Announces Membership of UK Gaming Industry Non‐Profit TIGA, and Swiss Crypto Valley Association

Bitcoin Press Release: Blockchain gaming company TriForce Tokens is pleased to announce membership with the UK’s largest gaming industry advocate TIGA, and Swiss-based Blockchain Crypto Valley Association.

October 2, 2017 Coventry, UK – Blockchain gaming solutions start-up TriForce Tokens has strengthened its bid to introduce the world’s first digital ecosystem for an online gaming community, forging a long-term membership with key industry organization TIGA, as well as joining the Crypto Valley Association in Switzerland. For more information on TriForce Tokens’s vision and development objectives, visit the TriForce Tokens website and read the official whitepaper.

TriForce Tokens Steam‐like blockchain based gaming platform is in Early Alpha and can be accessed here for players and here for developers.

With the number of online gamers swelling to 2.2 billion this year and half of them expected to spend, the online gaming industry predicts more than $100 billion in revenue by the end of 2017*, yet is held back by issues affecting development and growth. Led by a visionary team of experts in the field of blockchain tech, computer security and online gaming, TriForce Tokens seeks to spearhead the revolution of the multi-billion dollar online games industry through blockchain technology aimed at solving prevalent challenges relating to both players and developers.

The $100-billion online games industry is ripe for disruption

Market research shows that the online gaming industry will continue to be a highly lucrative market for many years to come. It is one that has experienced consistent year on year growth above 6%, with current trends projecting a $128.5 billion market by 2020.

The evolution of online gaming from console and PC platforms to a widening share from mobile platforms has paved the way for smaller, “indie” companies and individuals to access more opportunities and variability, reaching out to more than 2 billion people who play games online.

However, the crowded and competitive environment competition has made the process of producing successful games, monetizing and marketing, as well as reaching out to new players and retaining loyalty, increasingly complex, particularly for emerging indie developers.

The TriForce Tokens revolution: taking industry challenges head on

TriForce Tokens’ vision of a decentralized platform addresses the prohibitive barriers of market entry, particularly for independent developers who must find a way to produce high-quality games that meet release deadlines within restrictive budgets, limited resources, while contending with the huge costs of marketing. TriForce Tokens will offer developers a way to rapidly deploy common features across any platform and any game, such as tournaments, P2P trading and peer ranking.

Instead of replacing existing revenue models, TriForce Tokens looks to expand on unexplored streams, with a harmonising ecosystem of digital wealth across all platforms. Players can use TriForce Tokens to trade with others or earn them as rewards for competitions. Developers can compensate players with tokens for completing tasks and charge their own fees for P2P transactions.

The transparency afforded by TriForce Tokens will also foster happy, safe and ethical communities, where a unique honour system will recognize players for collaboration and assisting others. Honour profiles allows for a level of transparency that will help combat fraud and negative elements.

To improve player retention, TriForce Tokens also assists developers with providing novel gaming experiences, using big data crunching and behavioural analysis to provide deep player insights.

TriForce Tokens’s blockchain solution also promises an authentication network to help developers minimise piracy concerns, while also allowing them to extract some revenue from pirated content.

Strategic industry organizations for long-term positioning

TriForce Tokens has signalled a clear intent for its revolutionary platform, by partnering up with some of the industry’s most recognized advocates.

TriForce Tokens is a full member of the games and publisher network, TIGA, whose core purpose is to strengthen games development and digital publishing. As an active trade association, TIGA lobbies for the industry among key government decision makers in UK and the EU, positioning the industry in the media and assisting its members commercially.

Since 2010, TIGA has won 24 recognized business awards and continues to influence government policies relating to the games industry. To date, TIGA campaigning has resulted in several successes, including tax credit improvements in 2011, Video Games Tax Relief (2008-2014), the maintenance of a Skills Investment Fund in 2015 and the establishment of a £4 million Prototype Fund for start-ups.

Meanwhile, TriForce Tokens is the latest corporate member of Swiss-based Crypto Valley Association – a non-profit association aiming to build the world’s leading blockchain and cryptographic technologies ecosystem in Switzerland.

Enjoying support from the Swiss government, the Crypto Valley Association is working among other things to advance ICO compliance, including a current project to develop a token launch Code of Conduct. With four of the top six token launches having taken place in Switzerland, and a vibrant and growing blockchain community, Crypto Valley has firmly established itself as a global blockchain center.

TriForce Tokens and Crowdsale

TriForce Tokens (TFT) will be the currency powering payments and rewards on the decentralized gaming ecosystem. They will also be available to trade on external platforms, driving significant appreciation of value as the project grows in strength.

TriForce Tokens Steam‐like blockchain based gaming platform is in Early Alpha and can be accessed here for players and here for developers.

As part of a fundraising exercise to support development of its platform, TriForce Tokens will conduct a public crowdsale of tokens via an Initial Coin Offering (ICO).

A pre-ICO will open on October 14, 2017 (1.30pm GMT) for 48 hours only. Participants in the pre-ICO stand to gain a 60% limited bonus on top of the standard rate of 1 TFT at $0.20. In addition, 50 random pre-ICO participants will be chosen to receive a free Ledger Nano S hardware wallet.

Following this, TriForce Tokens will launch its main ICO event from November 12, 2017 to November 25 (1.30pm GMT), 2017. A 30% bonus will apply on Day 1 purchases and 15% on Days 2 to 7.

A maximum of 375 million TFT will be sold during the ICO from a limited supply of 500 million TFT, while a hard cap of $40 million in funding has been set. Unsold tokens will be burnt.

TriForce Tokens also has ambitions to become the first fully-compliant UK ICO, and is working on ISO27001 certification and General Data Protection Regulations (GDPR) compliance.

The Team

TriForce Tokens is backed by an ensemble of experts from a range of sectors, including corporate management, online gaming, computer security and blockchain development.

Some of its key team members include:

Pete Mardell, CEO

Mardell established himself as a strong engineering professional with his work on a range of technical web applications when he was Head of Development for a recruitment agency in the UK. An avid gamer, Mardell is also a long-time cryptocurrency enthusiast. LinkedIn: linkedin.com/in/petemardell/

Raza Ahmed, CTO

Ahmed has vast experience as a Senior Full Stack Web Developer and qualified blockchain developer, with expertise in Solidity (Ethereum), Javascript, SQL, Node.js, and AngularJS, among others. An MSc holder in Software Development, Ahmed has developed web applications for almost eight years. LinkedIn: linkedin.com/in/razaahmed47/

Dr Nazaraf Shah, PhD Research Engineer

An associate professor at Coventry University’s Faculty Research Centre for Manufacturing and Materials Engineering, Dr Shah currently lectures in Ethical Hacking and Computer Security. Profile: https://pureportal.coventry.ac.uk/en/persons/nazaraf-shah/

Jakub Kafarski, Front-end Engineer

Kafarski has worked on front-end engineering for the likes of Noveo, Madkom and Ericsson across Poland, UK and Sweden. He works as a front-end software engineer at CycloMedia Technology, a leader in its field. He is skilled at JavaScript, React, Redux and Node.js and is a member of Mensa. LinkedIn: linkedin.com/in/jakub-kafarski/

Sorina Rusu, System Developer

Rusu is a passionate developer with extensive experience in PHP and Node.js. Her good organization skills and dedication has been key to her successes with consulting and tech firms in Romania as well in the UK. LinkedIn: linkedin.com/in/sorina-rusu-1b73a668/

Haider Malik, Senior Full Stack Developer

A Javascript expert, Malik also doubles as an instructor at learning academies Udemy and Fullstackhour. LinkedIn: https://www.linkedin.com/in/haider-malik-41521a8b/

Simona Patrut, Marketing

Patrut has a strong marketing background, including a management role at Romania’s Hilmi Medical Center, where she has managed entire product marketing cycles. She is an expert at building new partnerships for strong brand awareness. LinkedIn: https://www.linkedin.com/in/simona-elena-patrut-b4713b98/

Mihai Bratoi, Brand Designer

Bratoi is a Platinum Designer at UK designing firm 99designs. His work focuses on creating unique, memorable designs that responds well to customer needs for corporate needs and social media. Profile: https://99designs.co.uk/profiles/thegunner

Learn more on TriForce Tokens’s website: https://TriForcetokens.io
Read the TriForce Tokens Whitepaper: https://TriForce Tokens.io/resources/white-paper-v3.3.pdf
Chat with TriForce Tokens on Telegram: https://t.me/TriForceTokens
Follow TriForce Tokens on Twitter: https://twitter.com/TriForceTokens
Follow TriForce Tokens on Facebook: https://facebook.com/TriForceTokens
TriForce Tokens on bitcointalk: https://bitcointalk.org/index.php?topic=2222731
Get involved with TriForce Tokens on GitHub: https://github.com/TriForce TokensNetwork
Visit TIGA, TriForce Tokens’s gaming partner: https://tiga.org
Visit Crypto Valley, TriForce Tokens’s crypto alliance: https://cryptovalley.swiss
Watch the TriForce Tokens video on Youtube: https://www.youtube.com/watch?v=n9WI3w1XPKo

Media Contact
Contact Name: Jake Ashby
Contact Email: jake@TriForceTokens.io

Contact Phone: +44 (0) 747 332 8053
Location: Coventry, UK
Company: TriForce Tokens LTD

* https://newzoo.com/solutions/revenues-projections/global-games-market-report/

TriForce Tokens is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Bitcoin Exchange BTC-e ‘Operator’ Vinnik Faces US Trial Unless Supreme Court Intervenes

Greece has told alleged BTC-e (WEX.nz) operator Alexander Vinnik he will face trial in the US unless the Supreme Court decides otherwise.

As Reuters reports Wednesday, Vinnik, who the US seeks on charges relating to money laundering, hacking and drug trafficking, will now appeal against the extradition.

The FBI seized 45 percent of BTC-e’s funds in August and issued an arrest warrant for Vinnik, who denies being the Bitcoin exchange’s operator.

Fines of $12 mln for Vinnik, and $110 mln for BTC-e are also in play.

At the same time, Russia has requested its citizen comes home to stand trial for lesser offences. It is now up to Greece’s Supreme Court to decide Vinnik’s final destination, with the country’s justice minister able to overturn the decision at will.

“We hope and expect a better outcome,” lead defence lawyer Alexandros Lykourezos said after the hearing.

Users of BTC-e do not face legal punishments as part of the ongoing US legal pursuit, but have had to accept part reimbursement of lost funds in the form of temporary tokens.

Vinnik himself has expressed obvious preference to end up in Russia, telling local news outlet Russia Today last month that he would even help president Vladimir Putin advance the country’s technological status using his expertise.

His links with BTC-e were only ever in the role of technical consultant, he maintains.

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Source: Cointelegraph

The post Bitcoin Exchange BTC-e ‘Operator’ Vinnik Faces US Trial Unless Supreme Court Intervenes appeared first on CoinVedi – CryptoCurrency Latest News – Daily Bitcoin & Altcoin Buzz.

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TriForce Tokens Blockchain Gaming Announces Membership of UK Gaming Industry Non‐Profit TIGA, and Swiss Crypto Valley Association

Bitcoin Press Release: Blockchain gaming company TriForce Tokens is pleased to announce membership with the UK’s largest gaming industry advocate TIGA, and Swiss-based Blockchain Crypto Valley Association.

October 2, 2017 Coventry, UK – Blockchain gaming solutions start-up TriForce Tokens has strengthened its bid to introduce the world’s first digital ecosystem for an online gaming community, forging a long-term membership with key industry organization TIGA, as well as joining the Crypto Valley Association in Switzerland. For more information on TriForce Tokens’s vision and development objectives, visit the TriForce Tokens website and read the official whitepaper.

TriForce Tokens Steam‐like blockchain based gaming platform is in Early Alpha and can be accessed herefor players and herefor developers.

With the number of online gamers swelling to 2.2 billion this year and half of them expected to spend, the online gaming industry predicts more than $100 billion in revenue by the end of 2017*, yet is held back by issues affecting development and growth. Led by a visionary team of experts in the field of blockchain tech, computer security and online gaming, TriForce Tokens seeks to spearhead the revolution of the multi-billion dollar online games industry through blockchain technology aimed at solving prevalent challenges relating to both players and developers.

The $100-billion online games industry is ripe for disruption

Market research shows that the online gaming industry will continue to be a highly lucrative market for many years to come. It is one that has experienced consistent year on year growth above 6%, with current trends projecting a $128.5 billion market by 2020.

The evolution of online gaming from console and PC platforms to a widening share from mobile platforms has paved the way for smaller, “indie” companies and individuals to access more opportunities and variability, reaching out to more than 2 billion people who play games online.

However, the crowded and competitive environment competition has made the process of producing successful games, monetizing and marketing, as well as reaching out to new players and retaining loyalty, increasingly complex, particularly for emerging indie developers.

The TriForce Tokens revolution: taking industry challenges head on

TriForce Tokens’ vision of a decentralized platform addresses the prohibitive barriers of market entry, particularly for independent developers who must find a way to produce high-quality games that meet release deadlines within restrictive budgets, limited resources, while contending with the huge costs of marketing. TriForce Tokens will offer developers a way to rapidly deploy common features across any platform and any game, such as tournaments, P2P trading and peer ranking.

Instead of replacing existing revenue models, TriForce Tokens looks to expand on unexplored streams, with a harmonising ecosystem of digital wealth across all platforms. Players can use TriForce Tokens to trade with others or earn them as rewards for competitions. Developers can compensate players with tokens for completing tasks and charge their own fees for P2P transactions.

The transparency afforded by TriForce Tokens will also foster happy, safe and ethical communities, where a unique honour system will recognize players for collaboration and assisting others. Honour profiles allows for a level of transparency that will help combat fraud and negative elements.

To improve player retention, TriForce Tokens also assists developers with providing novel gaming experiences, using big data crunching and behavioural analysis to provide deep player insights.

TriForce Tokens’s blockchain solution also promises an authentication network to help developers minimise piracy concerns, while also allowing them to extract some revenue from pirated content.

Strategic industry organizations for long-term positioning

TriForce Tokens has signalled a clear intent for its revolutionary platform, by partnering up with some of the industry’s most recognized advocates.

TriForce Tokens is a full member of the games and publisher network, TIGA, whose core purpose is to strengthen games development and digital publishing. As an active trade association, TIGA lobbies for the industry among key government decision makers in UK and the EU, positioning the industry in the media and assisting its members commercially.

Since 2010, TIGA has won 24 recognized business awards and continues to influence government policies relating to the games industry. To date, TIGA campaigning has resulted in several successes, including tax credit improvements in 2011, Video Games Tax Relief (2008-2014), the maintenance of a Skills Investment Fund in 2015 and the establishment of a £4 million Prototype Fund for start-ups.

Meanwhile, TriForce Tokens is the latest corporate member of Swiss-based Crypto Valley Association – a non-profit association aiming to build the world’s leading blockchain and cryptographic technologies ecosystem in Switzerland.

Enjoying support from the Swiss government, the Crypto Valley Association is working among other things to advance ICO compliance, including a current project to develop a token launch Code of Conduct. With four of the top six token launches having taken place in Switzerland, and a vibrant and growing blockchain community, Crypto Valley has firmly established itself as a global blockchain center.

TriForce Tokens and Crowdsale

TriForce Tokens (TFT) will be the currency powering payments and rewards on the decentralized gaming ecosystem. They will also be available to trade on external platforms, driving significant appreciation of value as the project grows in strength.

TriForce Tokens Steam‐like blockchain based gaming platform is in Early Alpha and can be accessed herefor players and herefor developers.

As part of a fundraising exercise to support development of its platform, TriForce Tokens will conduct a public crowdsale of tokens via an Initial Coin Offering (ICO).

A pre-ICO will open on October 14, 2017 (1.30pm GMT) for 48 hours only. Participants in the pre-ICO stand to gain a 60% limited bonus on top of the standard rate of 1 TFT at $0.20. In addition, 50 random pre-ICO participants will be chosen to receive a free Ledger Nano S hardware wallet.

Following this, TriForce Tokens will launch its main ICO event from November 12, 2017 to November 25 (1.30pm GMT), 2017. A 30% bonus will apply on Day 1 purchases and 15% on Days 2 to 7.

A maximum of 375 million TFT will be sold during the ICO from a limited supply of 500 million TFT, while a hard cap of $40 million in funding has been set. Unsold tokens will be burnt.

TriForce Tokens also has ambitions to become the first fully-compliant UK ICO, and is working on ISO27001 certification and General Data Protection Regulations (GDPR) compliance.

The Team

TriForce Tokens is backed by an ensemble of experts from a range of sectors, including corporate management, online gaming, computer security and blockchain development.

Some of its key team members include:

Pete Mardell, CEO

Mardell established himself as a strong engineering professional with his work on a range of technical web applications when he was Head of Development for a recruitment agency in the UK. An avid gamer, Mardell is also a long-time cryptocurrency enthusiast. LinkedIn: linkedin.com/in/petemardell/

Raza Ahmed, CTO

Ahmed has vast experience as a Senior Full Stack Web Developer and qualified blockchain developer, with expertise in Solidity (Ethereum), Javascript, SQL, Node.js, and AngularJS, among others. An MSc holder in Software Development, Ahmed has developed web applications for almost eight years. LinkedIn: linkedin.com/in/razaahmed47/

Dr Nazaraf Shah, PhD Research Engineer

An associate professor at Coventry University’s Faculty Research Centre for Manufacturing and Materials Engineering, Dr Shah currently lectures in Ethical Hacking and Computer Security. Profile: https://pureportal.coventry.ac.uk/en/persons/nazaraf-shah/

Jakub Kafarski, Front-end Engineer

Kafarski has worked on front-end engineering for the likes of Noveo, Madkom and Ericsson across Poland, UK and Sweden. He works as a front-end software engineer at CycloMedia Technology, a leader in its field. He is skilled at JavaScript, React, Redux and Node.js and is a member of Mensa. LinkedIn: linkedin.com/in/jakub-kafarski/

Sorina Rusu, System Developer

Rusu is a passionate developer with extensive experience in PHP and Node.js. Her good organization skills and dedication has been key to her successes with consulting and tech firms in Romania as well in the UK. LinkedIn: linkedin.com/in/sorina-rusu-1b73a668/

Haider Malik, Senior Full Stack Developer

A Javascript expert, Malik also doubles as an instructor at learning academies Udemy and Fullstackhour. LinkedIn: https://www.linkedin.com/in/haider-malik-41521a8b/

Simona Patrut, Marketing

Patrut has a strong marketing background, including a management role at Romania’s Hilmi Medical Center, where she has managed entire product marketing cycles. She is an expert at building new partnerships for strong brand awareness. LinkedIn: https://www.linkedin.com/in/simona-elena-patrut-b4713b98/

Mihai Bratoi, Brand Designer

Bratoi is a Platinum Designer at UK designing firm 99designs. His work focuses on creating unique, memorable designs that responds well to customer needs for corporate needs and social media. Profile: https://99designs.co.uk/profiles/thegunner

Learn more on TriForce Tokens’s website:https://TriForcetokens.io
Read the TriForce Tokens Whitepaper: https://TriForce Tokens.io/resources/white-paper-v3.3.pdf
Chat with TriForce Tokens on Telegram:https://t.me/TriForceTokens
Follow TriForce Tokens on Twitter:https://twitter.com/TriForceTokens
Follow TriForce Tokens on Facebook:https://facebook.com/TriForceTokens
TriForce Tokens on bitcointalk:https://bitcointalk.org/index.php?topic=2222731
Get involved with TriForce Tokens on GitHub:https://github.com/TriForce TokensNetwork
Visit TIGA, TriForce Tokens’s gaming partner:https://tiga.org
Visit Crypto Valley, TriForce Tokens’s crypto alliance:https://cryptovalley.swiss
Watch the TriForce Tokens video on Youtube:https://www.youtube.com/watch?v=n9WI3w1XPKo

Media Contact
Contact Name: Jake Ashby
Contact Email:[email protected]

Contact Phone: +44 (0) 747 332 8053
Location: Coventry, UK
Company: TriForce Tokens LTD

[embedded content]

* https://newzoo.com/solutions/revenues-projections/global-games-market-report/

TriForce Tokens is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

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The post TriForce Tokens Blockchain Gaming Announces Membership of UK Gaming Industry Non‐Profit TIGA, and Swiss Crypto Valley Association appeared first on CoinVedi – CryptoCurrency Latest News – Daily Bitcoin & Altcoin Buzz.

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Bringing blockchains to the corporate world

2017 has been the most notable year so far in the development of cryptocurrencies and blockchain technology, and will be remembered as the year that crypto was put on the map. At the beginning of the year there was increased mainstream interest in blockchains (with the US Congress being briefed on the technology), then we saw corporations getting serious about their own blockchain efforts, and then came what was called “the summer of bitcoin”. The question then is what comes next?

While blockchains and crypto are unlike anything the tech world has seen before, there is still a general trend that new developments follow. As Geoffrey Moore said in his best-selling book about technology diffusion, the important tipping-point with new technologies is how:

“the development of a high-tech market lies in making the transition from an early market dominated by a few visionary customers to a mainstream market dominated by a large block of customers who are predominantly pragmatists in orientation.”

When applied to blockchain, this highlights the need for ecosystems that provide frictionless and secure transactions, without platform clashes or silos of data. So who are the early adopters in this equation? If you’re reading this article, most likely you (as well as anyone who trades cryptocurrencies, is involved in blockchain projects, or works in a company researching blockchains). Who is the valuable mainstream market in this equation then? Many cryptocurrency enthusiasts would assume it is the mobile payments industry, but a more certain cash-cow will be the Enterprise technology market (soon to be worth around half a trillion dollars).

Riding a wave of good publicity, the blockchain space looks like it is poised for a serious mainstream breakout, especially in the corporate IT sector. But in order to do so, it will need developed solutions to create an easier-to-use ecosystem to really win over the pragmatists in large companies.

So what are the most significant obstacles to this mainstream adoption? As the recent Bitcoin fork and also the development of the Raiden and Lightning networks show, the challenges are mainly technical but not insurmountable.

One such project is Aion, which also caters to non-enterprise solutions.  with a view to allowing developers, corporations, and governments create blockchain solutions that work in the real world for large organizations. The parent company, Nuco, hope this will overcome the hindrances currently faced by the many large corporations experimenting with blockchains.

The whole issue revolves around allowing enterprise companies to manage and link their blockchains easier. Whichever company creates the protocol for  blockchains stands to reap massive rewards.

Obstacles to blockchain adoption

As one crypto expert Andreas Antonopoulos said, “in technology it is often not the best technology that “wins”, but the one that achieves broad enough adoption and recognition early enough. Good enough beats best if deployed broadly.” this is relevant to the development of inter-blockchain protocols also. Corporations and enterprises need a solution that allows them to send transaction from one blockchain to any another – and being able to interface with all blockchains is more important than the whole platform being the “best”. So in this context, widespread adoption and interoperability are key.

As of yet, the current tools available to companies is not good enough. Firstly, there is the aforementioned problem of interoperability. Despite the fact that there is progress in multichain transactions, there does not as of yet exist a comprehensive solution linking blockchains.

The second issue is scaling. Considering that banks might have to process thousands of transactions per second (amounting to a few dozen billion per year), the proliferation of blockchains could render things prohibitively slow if protocols don’t allow for fast and light data transfer.

Finally, there is the issue of data privacy. Most private cryptocurrency users don’t mind if their wallet balance is visible, for example. But large corporations are (in some cases as required by law) bound to much stricter standards of privacy.

Making the ecosystem ready for business 

To address these issues, the team behind the Aion network have designed with a few goals in mind. First, the solution is designed for companies to be able to easily make new blockchains, and then transact from them to other participating blockchains (as per the interoperability principle mentioned earlier).

The Aion solution also makes it easier to transact from already existing private blockchains through the Aion network. And another component of the Aion solution is the ability to scale up blockchain resources, allowing companies to use a virtual machine-based system to address their scale needs.

Nuco CEO Matthew Spoke gave a straightforward use case example of how Aion could be used in a recent interview:

“A simple example that people often point to is in financial services, being able to create a close-payment network, for example, between a group of domestic banks. In Canada take the five biggest Canadian banks and, say, they wanted to create a faster payment or settlement system, they might decide to do that on the distributed network rather than creating an intermediary organization for that.”

The right team to take on the problem?

The Nuco team behind the Aion project was founded by the creators of Deloitte’s blockchain practice, Rubix, which would suggest that they have the right experience for getting the message right for corporate clients. The 20 person team based in Toronto has previously seen success with a blockchain project for a natural-resource energy company.

So the pieces seem to be in place for a successful launch. The Aion token, which allows developers and users to create applications and conduct transactions in the ecosystem, went on sale on October 3rd.

 

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members.  NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

Source

Source: MyFeed

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Bringing blockchains to the corporate world

2017 has been the most notable year so far in the development of cryptocurrencies and blockchain technology, and will be remembered as the year that crypto was put on the map. At the beginning of the year there was increased mainstream interest in blockchains (with the US Congress being briefed on the technology), then we saw corporations getting serious about their own blockchain efforts, and then came what was called “the summer of bitcoin”. The question then is what comes next?

While blockchains and crypto are unlike anything the tech world has seen before, there is still a general trend that new developments follow. As Geoffrey Moore said in his best-selling book about technology diffusion, the important tipping-point with new technologies is how:

“the development of a high-tech market lies in making the transition from an early market dominated by a few visionary customers to a mainstream market dominated by a large block of customers who are predominantly pragmatists in orientation.”

When applied to blockchain, this highlights the need for ecosystems that provide frictionless and secure transactions, without platform clashes or silos of data. So who are the early adopters in this equation? If you’re reading this article, most likely you (as well as anyone who trades cryptocurrencies, is involved in blockchain projects, or works in a company researching blockchains). Who is the valuable mainstream market in this equation then? Many cryptocurrency enthusiasts would assume it is the mobile payments industry, but a more certain cash-cow will be the Enterprise technology market (soon to be worth around half a trillion dollars).

Riding a wave of good publicity, the blockchain space looks like it is poised for a serious mainstream breakout, especially in the corporate IT sector. But in order to do so, it will need developed solutions to create an easier-to-use ecosystem to really win over the pragmatists in large companies.

So what are the most significant obstacles to this mainstream adoption? As the recent Bitcoin fork and also the development of the Raiden and Lightning networks show, the challenges are mainly technical but not insurmountable.

One such project is Aion, which also caters to non-enterprise solutions.  with a view to allowing developers, corporations, and governments create blockchain solutions that work in the real world for large organizations. The parent company, Nuco, hope this will overcome the hindrances currently faced by the many large corporations experimenting with blockchains.

The whole issue revolves around allowing enterprise companies to manage and link their blockchains easier. Whichever company creates the protocol for  blockchains stands to reap massive rewards.

Obstacles to blockchain adoption

As one crypto expert Andreas Antonopoulos said, “in technology it is often not the best technology that “wins”, but the one that achieves broad enough adoption and recognition early enough. Good enough beats best if deployed broadly.” this is relevant to the development of inter-blockchain protocols also. Corporations and enterprises need a solution that allows them to send transaction from one blockchain to any another – and being able to interface with all blockchains is more important than the whole platform being the “best”. So in this context, widespread adoption and interoperability are key.

As of yet, the current tools available to companies is not good enough. Firstly, there is the aforementioned problem of interoperability. Despite the fact that there is progress in multichain transactions, there does not as of yet exist a comprehensive solution linking blockchains.

The second issue is scaling. Considering that banks might have to process thousands of transactions per second (amounting to a few dozen billion per year), the proliferation of blockchains could render things prohibitively slow if protocols don’t allow for fast and light data transfer.

Finally, there is the issue of data privacy. Most private cryptocurrency users don’t mind if their wallet balance is visible, for example. But large corporations are (in some cases as required by law) bound to much stricter standards of privacy.

Making the ecosystem ready for business 

To address these issues, the team behind the Aion network have designed with a few goals in mind. First, the solution is designed for companies to be able to easily make new blockchains, and then transact from them to other participating blockchains (as per the interoperability principle mentioned earlier).

The Aion solution also makes it easier to transact from already existing private blockchains through the Aion network. And another component of the Aion solution is the ability to scale up blockchain resources, allowing companies to use a virtual machine-based system to address their scale needs.

Nuco CEO Matthew Spoke gave a straightforward use case example of how Aion could be used in a recent interview:

“A simple example that people often point to is in financial services, being able to create a close-payment network, for example, between a group of domestic banks. In Canada take the five biggest Canadian banks and, say, they wanted to create a faster payment or settlement system, they might decide to do that on the distributed network rather than creating an intermediary organization for that.”

The right team to take on the problem?

The Nuco team behind the Aion project was founded by the creators of Deloitte’s blockchain practice, Rubix, which would suggest that they have the right experience for getting the message right for corporate clients. The 20 person team based in Toronto has previously seen success with a blockchain project for a natural-resource energy company.

So the pieces seem to be in place for a successful launch. The Aion token, which allows developers and users to create applications and conduct transactions in the ecosystem, went on sale on October 3rd.

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members.  NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

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WAVES integrated with Indonesian exchange Bitcoin.co.id

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CLOUT – The Home of Crypto, Launches Into PRE-ICO and Announces New Key Team Members

This post was originally published on this siteSource: TheMerkle.com CLOUT is an online platform that will unify the cryptocurrency community, providing investors and enthusiasts alike a home, and one stop shop for all things crypto. CLOUT is the solution to the problem that all people in the cryptocurrency space are currently experiencing; there is no one

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Money Raised From Silk Road Bitcoins Is Now Property of the US

This post was originally published on this siteSource: TheMerkle.com Most cryptocurrency enthusiasts will recall how the US Justice Department seized over 144,000 BTC during the Silk Road shutdown. Said bitcoins have always belonged to Ross Ulbricht, who argued the money didn’t belong to the DOJ in the first place. Unfortunately, his appeal was rejected, effectively netting the

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KICKICO Opens for Trades and Raising

Tokens of the first 3-in-1 platform for ICOs, crowdfunding, and crowdinvesting KICKICO became tradeable on EtherDelta exchange – a decentralized trading platform for Ether and Ethereum-based tokens. EtherDelta makes it a perfect solution for people looking to exchange cryptocurrency ICO tokens. A lot of recent ICO tokens are automatically trading on EtherDelta and most of them generate a fair amount of trading volume.

KICK became available for buying on October 1st at 12 a.m. (Moscow time). Current price varies around 0,001 ETH per one KICK. Great opportunity to purchase tokens of one of the top platforms for those who have missed KICKICO token sale.

It is worth reminding KICKICO has managed to raise more than 84 000 within its 2-weeks ICO. Within two hours of its ICO launch on Aug. 29, the Russian blockchain fundraising platform had already reached 69 percent of its goal, with its KICK tokens quickly being purchased by backers eager to make crypto history. The Chinese-based crowdfunding platform ICOBI, which launched its own KICK sale at the same time, collected $1 million in its first 30 seconds.

What is next?

KICK token is already listed on one of the biggest exchanges – HitBTC, next step is trades, which will be available right after HitBTC fixes some technical issues. The date of KICK trades is planned for the beginning of the next week.

Be first to get the latest news or ask questions in KICKICO Telegram chat: https://t.me/kickico.

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members.  NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

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The post KICKICO Opens for Trades and Raising appeared first on CoinVedi – CryptoCurrency Latest News – Daily Bitcoin & Altcoin Buzz.

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KICKICO Opens for Trades and Raising

Tokens of the first 3-in-1 platform for ICOs, crowdfunding, and crowdinvesting KICKICO became tradeable on EtherDelta exchange – a decentralized trading platform for Ether and Ethereum-based tokens. EtherDelta makes it a perfect solution for people looking to exchange cryptocurrency ICO tokens. A lot of recent ICO tokens are automatically trading on EtherDelta and most of them generate a fair amount of trading volume.

KICK became available for buying on October 1st at 12 a.m. (Moscow time). Current price varies around 0,001 ETH per one KICK. Great opportunity to purchase tokens of one of the top platforms for those who have missed KICKICO token sale.

It is worth reminding KICKICO has managed to raise more than 84 000 within its 2-weeks ICO. Within two hours of its ICO launch on Aug. 29, the Russian blockchain fundraising platform had already reached 69 percent of its goal, with its KICK tokens quickly being purchased by backers eager to make crypto history. The Chinese-based crowdfunding platform ICOBI, which launched its own KICK sale at the same time, collected $1 million in its first 30 seconds.

What is next?

KICK token is already listed on one of the biggest exchanges – HitBTC, next step is trades, which will be available right after HitBTC fixes some technical issues. The date of KICK trades is planned for the beginning of the next week.

Be first to get the latest news or ask questions in KICKICO Telegram chat: https://t.me/kickico.

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members.  NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.

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