There has been an introduction of a wide range of technologies, terming themselves as Blockchains today, making the definition of Blockchain difficult. Cryptocurrency’s blockchains are different from private commercial applications, for example, blockchains developed by the Linux Foundation, IBM etc. Irrespective of the said differences, these technologies share several important characteristics that make a working definition.
Blockchain and Smart Contracts (Series: Blockchain Basics 2020) Financial Poise
Blockchain is a tool. Samson Williams likens blockchain to a group text message, in which each participant receives a distributed, time-stamped, tamper-resistant (and encrypted) record of data transactions. Each group text has these characteristics. Everyone in the group “sees” the data, and none can change or gainsay any group message. Smart contracts are computer code put on the blockchain (how, exactly?) that establishes self-executing terms and conditions of a transaction. Are smart contracts smart? If certain data comes in and fulfills a pre-set term or condition, then rights and responsibilities are formed, terminated, modified, or shifted among the parties. Ah certainty and transparency, but also ah garbage in and garbage out. Are some contractual terms not amenable to smart contracting? And are smart contracts necessarily contracts? If not, can they still be useful? If a smart contract is a contract, what is the governing document? Is it the words business people and lawyers use, or is it the code that is supposed to reflect the words?
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/blockchain-and-smart-contracts-2020/
Bitcoin introduced the concept of Blockchain technology, the first digital currency ever created in 2008. The interesting fact about blockchain technology lies in its use of p2p network that runs with the help of cryptography. Blockchain enables trustless transactions i.e, people who do not know each other can now exchange something (currency, services etc) without the interference of a central authority such as Bank or Payment processing network. By eliminating the central authorities and harnessing the potential of peer-to-peer networks, this new technology is providing several opportunities such as : Low transaction fees, Fast settlements etc.
Introduction to blockchain & cryptocurrenciesAurobindo Nayak
This was an intro session on blockchain and cryptocurrencies. If you want to view the webinar for this talk checkout: https://www.youtube.com/watch?v=rl5mVI7jEK0
FirstPartner's 2016 Blockchain Ecosystem Market Map helps to decrypt the blockchain landscape with a visual overview of the emerging ecosystem, players, technologies and trends. It clearly summarises three main areas of focus emerging around the core blockchain or distributed ledger protocols:
1) Bitcoin and Cryptocurrencies: Providing an alternative to centrally managed "fiat" currencies, this sector includes Bitcoin exchanges, Bitcoin wallets, miners and cryptocurrency payment processors. The map illustrates how these companies interact and features some leading players including Coinbase, Circle, Kraken and 21 Inc.
2) The Financial Services Blockchain: This has been the main area of focus over the last 12 months as attention shifts from Bitcoin to Financial Services applications. An increasing number of players are focussing on commercialising blockchain technologies for banks, securities, derivatives and asset markets and institutional investors - and are attracting VC funding to do so. Ripple and Ethereum are leading candidate protocols for payment processing and smart contracts and players including Ripple, Chain and Digital Asset Holdings are gaining traction with Financial Institutions. The Map highlights leading technology companies and some of the banks, card schemes and processors who are investing in or evaluating distributed ledger technologies.
3) Other Use Cases: The distributed ledger concept and its ability to support transparent and tamper-proof asset registration, proof of ownership and asset transfer transactions makes it potentially applicable to multiple non financial use cases. The Map highlights a number of candidate use cases including publishing, legal, distributed data storage, document management and IoT. Some of the pioneering initiatives and companies exploring these applications are included.
Crucially the Map also provides a clear pictorial explanation and summary of the leading protocols at the heart of the ecosystem and concepts including coloured coins and smart contracts that supplement them to make a number of the proposed services possible.
A printable version of the map can be downloaded from www.firstpartner.net.
Blockchain and Smart Contracts (Series: Blockchain Basics 2020) Financial Poise
Blockchain is a tool. Samson Williams likens blockchain to a group text message, in which each participant receives a distributed, time-stamped, tamper-resistant (and encrypted) record of data transactions. Each group text has these characteristics. Everyone in the group “sees” the data, and none can change or gainsay any group message. Smart contracts are computer code put on the blockchain (how, exactly?) that establishes self-executing terms and conditions of a transaction. Are smart contracts smart? If certain data comes in and fulfills a pre-set term or condition, then rights and responsibilities are formed, terminated, modified, or shifted among the parties. Ah certainty and transparency, but also ah garbage in and garbage out. Are some contractual terms not amenable to smart contracting? And are smart contracts necessarily contracts? If not, can they still be useful? If a smart contract is a contract, what is the governing document? Is it the words business people and lawyers use, or is it the code that is supposed to reflect the words?
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/blockchain-and-smart-contracts-2020/
Bitcoin introduced the concept of Blockchain technology, the first digital currency ever created in 2008. The interesting fact about blockchain technology lies in its use of p2p network that runs with the help of cryptography. Blockchain enables trustless transactions i.e, people who do not know each other can now exchange something (currency, services etc) without the interference of a central authority such as Bank or Payment processing network. By eliminating the central authorities and harnessing the potential of peer-to-peer networks, this new technology is providing several opportunities such as : Low transaction fees, Fast settlements etc.
Introduction to blockchain & cryptocurrenciesAurobindo Nayak
This was an intro session on blockchain and cryptocurrencies. If you want to view the webinar for this talk checkout: https://www.youtube.com/watch?v=rl5mVI7jEK0
FirstPartner's 2016 Blockchain Ecosystem Market Map helps to decrypt the blockchain landscape with a visual overview of the emerging ecosystem, players, technologies and trends. It clearly summarises three main areas of focus emerging around the core blockchain or distributed ledger protocols:
1) Bitcoin and Cryptocurrencies: Providing an alternative to centrally managed "fiat" currencies, this sector includes Bitcoin exchanges, Bitcoin wallets, miners and cryptocurrency payment processors. The map illustrates how these companies interact and features some leading players including Coinbase, Circle, Kraken and 21 Inc.
2) The Financial Services Blockchain: This has been the main area of focus over the last 12 months as attention shifts from Bitcoin to Financial Services applications. An increasing number of players are focussing on commercialising blockchain technologies for banks, securities, derivatives and asset markets and institutional investors - and are attracting VC funding to do so. Ripple and Ethereum are leading candidate protocols for payment processing and smart contracts and players including Ripple, Chain and Digital Asset Holdings are gaining traction with Financial Institutions. The Map highlights leading technology companies and some of the banks, card schemes and processors who are investing in or evaluating distributed ledger technologies.
3) Other Use Cases: The distributed ledger concept and its ability to support transparent and tamper-proof asset registration, proof of ownership and asset transfer transactions makes it potentially applicable to multiple non financial use cases. The Map highlights a number of candidate use cases including publishing, legal, distributed data storage, document management and IoT. Some of the pioneering initiatives and companies exploring these applications are included.
Crucially the Map also provides a clear pictorial explanation and summary of the leading protocols at the heart of the ecosystem and concepts including coloured coins and smart contracts that supplement them to make a number of the proposed services possible.
A printable version of the map can be downloaded from www.firstpartner.net.
Property registries are a natural fit for blockchain technology, which has led many blockchain-focused firms to begin developing blockchain-based property registry systems. Those select firms which have made substantial progress on this project will be outlined in detail here in no particular order (Chromaway, Propy, Ubiquity, Bitfury, Consensys). Particular attention will be paid to how the technology works as well as the potential for this technology to be harnessed to its fullest possible capacity as the foundational property registry for new or developing jurisdictions.
BlockChain basics for the non-technical banker covering what's happening, what the opportunities are, and the problems we all face. Covers BitCoin and Ethereum with brief mentions made of Ripple and the HyperLedger project.
Codemotion Milano 2014 - MongoDB and the Internet of ThingsMassimo Brignoli
Time series are a classical example about the flexibility of the document approach. In this presentation you will see how to manipulate the documents to create a schema optimized for the time-series.
Distributed Ledgers: Possibilities and Challenges in Capital Markets Applicat...Cognizant
Distributed ledgers - blockchain technology - stands to make numerous financial services activities more secure, autonomous, and efficient. Here's a walk-through of a range of potential use cases: IPO issuance, trade agreements and settlements, confirmations, etc. and a strategy for transition.
The Continued Existence of Altcoins, Appcoins and Commodity coinsTim Swanson
[Video: https://www.youtube.com/watch?v=fBuwc3yu6sI]
Tim Swanson discusses altcoins, appcoins, commodity coins, bitcoin 2.0, future protocols, legal and technical challenges and opportunities for developers and the economic incentives for why coins are created. First presented at Plug and Play Tech Center in Sunnyvale on September 23, 2014 for the Bitcoin Meetup. Citations and references in the notes section. More information at: www.ofnumbers.com
201811 Bitcoin, Blockchain and the Technology behind CryptocurrenciesPaperchain
Half Moon Seminer presentation for CLE credits.
Goes through the technologies that underly blockchain systems, smart contracts, tokens and their applications across a number of industry verticals.
All about Blockchain Technology and it's applications in Finance functionvinodavg
Blockchain Technology is a vast, distributed ledger, operating on millions of devices, recording anything, with identical copies maintained on each of the network computers. When a new transaction or an edit to an existing transaction comes in, generally a majority of the nodes within a blockchain network must execute some algorithms and essentially evaluate and verify the history of the transaction that is proposed and come to a consensus that the history and signature is valid, then the new transaction is accepted into the ledger. If a majority of nodes do not concede to the addition or modification of the ledger entry, then it is denied and not added to the chain. All the members can review previous entries and record new transactions. These are then grouped into ‘blocks’, which then form part of a ‘chain’, thus leading to a ‘blockchain
How to Create Blockchain Products by Slice.Market CTOProduct School
Main takeaways:
-Intro to blockchain concepts, public/private keys, signing transactions, wallets,
-Product challenges unique to blockchain
-Metamask and other tools that people currently use to interact with the Ethereum blockchain
-Common design and product considerations when making a blockchain product
All about Blockchain Technology and it's applications in Finance functionvinodavg
Blockchain technology is a vast, distributed ledger, operating on millions of devices, recording anything, with identical copies maintained on each of the network computers. When a new transaction or an edit to an existing transaction comes in, generally a majority of the nodes within a blockchain network must execute some algorithms and essentially evaluate and verify the history of the transaction that is proposed and come to a consensus that the history and signature is valid, then the new transaction is accepted into the ledger. If a majority of nodes do not concede to the addition or modification of the ledger entry, then it is denied and not added to the chain. All the members can review previous entries and record new transactions. These are then grouped into ‘blocks’, which then form part of a ‘chain’, thus leading to a ‘blockchain’
Blockchain intro: The end of the middlemanAndries De Vos
Wide-ranging introduction into blockchain presented for an enterprise client.
Structured in 2 parts:
- what is blockchain and key concepts: distributed ledgers, consensus mechanisms, permissioned/permissionless, crypto-tokens/assets, smart contracts and DAO
- blockchain in practice: do you need blockchain, is it enterprise-ready, case studies
Created May 2017.
A brief introduction to Blockchain and the underlying technology of distributed computing, challenges and future scope.
Copyrights belong to the respective owners, intention is purely for informational/educational purpose
I would like to thank various blogs, technical tutorials, books, videos to help me understand the basics and collate this presentaion
There is increasing interest in the potential impact of Blockchain globally, across the business world. Blockchain is transforming data storage, security, digital property management, transactions in a variety of forms, and much, much, more. And the impact will be felt across a number of industries, including manufacturing, insurance, healthcare, retail, logistics, and more.
We believe Blockchain presents a unique opportunity for enterprises to leverage a revolutionary new technology and redefine how they function. The Blockchain Landscape Report 2019 by [X]cubeLABS discusses everything Blockchain ranging from its history, mechanism, and industry-wide adoption to its future potential.
Blockchain: The Invisible Technology – How We Build a BlockchainPriyAnshu Bansal
Blockchain isn’t a household buzzword, like the cloud or the Internet of Things. It’s not an in-your-face innovation you can see and touch as easily as a smartphone or a package from Amazon. But in a world where anyone can edit a Wikipedia entry, blockchain is the answer to a question we’ve been asking since … More Blockchain: The Invisible Technology – How We Build a Blockchain-Based World
Property registries are a natural fit for blockchain technology, which has led many blockchain-focused firms to begin developing blockchain-based property registry systems. Those select firms which have made substantial progress on this project will be outlined in detail here in no particular order (Chromaway, Propy, Ubiquity, Bitfury, Consensys). Particular attention will be paid to how the technology works as well as the potential for this technology to be harnessed to its fullest possible capacity as the foundational property registry for new or developing jurisdictions.
BlockChain basics for the non-technical banker covering what's happening, what the opportunities are, and the problems we all face. Covers BitCoin and Ethereum with brief mentions made of Ripple and the HyperLedger project.
Codemotion Milano 2014 - MongoDB and the Internet of ThingsMassimo Brignoli
Time series are a classical example about the flexibility of the document approach. In this presentation you will see how to manipulate the documents to create a schema optimized for the time-series.
Distributed Ledgers: Possibilities and Challenges in Capital Markets Applicat...Cognizant
Distributed ledgers - blockchain technology - stands to make numerous financial services activities more secure, autonomous, and efficient. Here's a walk-through of a range of potential use cases: IPO issuance, trade agreements and settlements, confirmations, etc. and a strategy for transition.
The Continued Existence of Altcoins, Appcoins and Commodity coinsTim Swanson
[Video: https://www.youtube.com/watch?v=fBuwc3yu6sI]
Tim Swanson discusses altcoins, appcoins, commodity coins, bitcoin 2.0, future protocols, legal and technical challenges and opportunities for developers and the economic incentives for why coins are created. First presented at Plug and Play Tech Center in Sunnyvale on September 23, 2014 for the Bitcoin Meetup. Citations and references in the notes section. More information at: www.ofnumbers.com
201811 Bitcoin, Blockchain and the Technology behind CryptocurrenciesPaperchain
Half Moon Seminer presentation for CLE credits.
Goes through the technologies that underly blockchain systems, smart contracts, tokens and their applications across a number of industry verticals.
All about Blockchain Technology and it's applications in Finance functionvinodavg
Blockchain Technology is a vast, distributed ledger, operating on millions of devices, recording anything, with identical copies maintained on each of the network computers. When a new transaction or an edit to an existing transaction comes in, generally a majority of the nodes within a blockchain network must execute some algorithms and essentially evaluate and verify the history of the transaction that is proposed and come to a consensus that the history and signature is valid, then the new transaction is accepted into the ledger. If a majority of nodes do not concede to the addition or modification of the ledger entry, then it is denied and not added to the chain. All the members can review previous entries and record new transactions. These are then grouped into ‘blocks’, which then form part of a ‘chain’, thus leading to a ‘blockchain
How to Create Blockchain Products by Slice.Market CTOProduct School
Main takeaways:
-Intro to blockchain concepts, public/private keys, signing transactions, wallets,
-Product challenges unique to blockchain
-Metamask and other tools that people currently use to interact with the Ethereum blockchain
-Common design and product considerations when making a blockchain product
All about Blockchain Technology and it's applications in Finance functionvinodavg
Blockchain technology is a vast, distributed ledger, operating on millions of devices, recording anything, with identical copies maintained on each of the network computers. When a new transaction or an edit to an existing transaction comes in, generally a majority of the nodes within a blockchain network must execute some algorithms and essentially evaluate and verify the history of the transaction that is proposed and come to a consensus that the history and signature is valid, then the new transaction is accepted into the ledger. If a majority of nodes do not concede to the addition or modification of the ledger entry, then it is denied and not added to the chain. All the members can review previous entries and record new transactions. These are then grouped into ‘blocks’, which then form part of a ‘chain’, thus leading to a ‘blockchain’
Blockchain intro: The end of the middlemanAndries De Vos
Wide-ranging introduction into blockchain presented for an enterprise client.
Structured in 2 parts:
- what is blockchain and key concepts: distributed ledgers, consensus mechanisms, permissioned/permissionless, crypto-tokens/assets, smart contracts and DAO
- blockchain in practice: do you need blockchain, is it enterprise-ready, case studies
Created May 2017.
A brief introduction to Blockchain and the underlying technology of distributed computing, challenges and future scope.
Copyrights belong to the respective owners, intention is purely for informational/educational purpose
I would like to thank various blogs, technical tutorials, books, videos to help me understand the basics and collate this presentaion
There is increasing interest in the potential impact of Blockchain globally, across the business world. Blockchain is transforming data storage, security, digital property management, transactions in a variety of forms, and much, much, more. And the impact will be felt across a number of industries, including manufacturing, insurance, healthcare, retail, logistics, and more.
We believe Blockchain presents a unique opportunity for enterprises to leverage a revolutionary new technology and redefine how they function. The Blockchain Landscape Report 2019 by [X]cubeLABS discusses everything Blockchain ranging from its history, mechanism, and industry-wide adoption to its future potential.
Blockchain: The Invisible Technology – How We Build a BlockchainPriyAnshu Bansal
Blockchain isn’t a household buzzword, like the cloud or the Internet of Things. It’s not an in-your-face innovation you can see and touch as easily as a smartphone or a package from Amazon. But in a world where anyone can edit a Wikipedia entry, blockchain is the answer to a question we’ve been asking since … More Blockchain: The Invisible Technology – How We Build a Blockchain-Based World
Yao Yao, Jack Rasmus-Vorrath, Ivelin Angelov
https://github.com/yaowser/basic_blockchain
https://www.slideshare.net/YaoYao44/blockchain-security-and-demonstration/
Distributed ledger technology over a network of computers, which provides an alternative to the centralized system
Distributed Database
Peer-to-Peer Transmission
Transparency with Pseudonymity
Records are immutable
Computational Logic
https://www.youtube.com/watch?v=5ArZxRdhyPc
What is Blockchain Technology and How does it work ?evontech
Blockchain is one of the most discussed buzzwords among tech entrepreneurs of today.Although the concept of blockchain was first introduced in 1991 by Stuart Haber and W. Scott Stornetta, the tech community started to realize its incredible potential after it gave birth to the first cryptocurrency and digital payment system, called Bitcoin, in 2009.Know here what is blockchain technology and how does it works?
Application of Blockchain Technologies in Digital ForensicsMahdi_Fahmideh
This lecture, from course CIS8708-Digital Forensics (Guide to Computer Forensics and Investigations), discusses the role of blockchain technologies in digital forensics investigation
Blockchain's Smart Contracts: Driving the Next Wave of Innovation Across Manu...Cognizant
By eliminating intermediaries and by enabling smart contracts with embedded, trusted business rules, blockchain offers extraordinary opportunities for manufacturing on every level of the supply chain. To profitably ride this wave of disruptive innovation, any stakeholder in the manufacturing value chain should be familiar with the basics and guidelines for proceeding.
Blockchain- The Quiet Disruptor - A Guide and a primer to launch Blockchain &...JP Batra
This is a guide and a primer to help you get ready to bring Blockchain technology solutions to your company. Titled "Blockchain - The Quiet Disruptor!" as presented at Global Blockchain Summit in Westminster, Colorado, this is a guide first develops a foundation through a high level understanding of:
* Inefficiencies we are used to, and how Blockchain removes them or reduces their impact
* Main strengths of Blockchain technology
* Public vs. Private Blockchain at a high level
* Business level view of how the technology works, or it's interworking
* Myths surrounding Blockchain, e.g., Blockchain vs Bitcoin, Blockchain vs. DLT as a summary table
* Various consortiums and alliances that developed platforms for use in their industries represented as a table
After foundational work, the presentation and the narratives tie all the foundational blocks together through a hypothetical Healthcare Insurance use case. It also describes the importance of technology selection, Minimum Viable Product (MVP) and Proof of Concept (POC) to test the applicability of Blockchain to a use case one may have developed.
Links have been added to supporting articles to get one prepared for developing their own use cases and help their company gain a competitive advantage or respond fast to competitor threats.
Blockchain and its Use in the Public Sector - OECDOECD Governance
Presentation on the OECD Working Paper "Blockchains Unchained: Blockchain Technology and its use in the Public Sector". This guide aims to equip public servants with the necessary knowledge to understand what the Blockchain architecture is, the implications it could have on government services, and the opportunities and challenges governments may face as a result. For more information see oe.cd/blockchain
DiscussionThe vast majority of the population associates Blockch.docxmadlynplamondon
Discussion
The vast majority of the population associates Blockchain with cryptocurrency Bitcoin; however, there are many other uses of blockchain; such as Litecoin, Ether, and other currencies. In this discussion, please describe at least two cryptocurrencies with applicable examples. Discuss some similarities and differences. Lastly, discuss if you have any experience using any cryptocurrencies.
Please make your initial post and two response posts substantive. A substantive post will do at least TWO of the following:
· Ask an interesting, thoughtful question pertaining to the topic
· Answer a question (in detail) posted by another student or the instructor
· Provide extensive additional information on the topic
· Explain, define, or analyze the topic in detail
· Share an applicable personal experience
· Provide an outside source that applies to the topic, along with additional information about the topic or the source (please cite properly in APA)
· Make an argument concerning the topic.
At least one scholarly source should be used in the initial discussion thread. Be sure to use information from your readings and other sources. Use proper citations and references in your post.
300 words and 2 references.
Attached all the required documents.
computerweekly.com 10-16 September 2019 21
Industry experts believe blockchain is a technology that has the potential to affect the business of most IT profession-als in the next five years. Analyst Gartner has forecast that by 2023, blockchain will support the global movement and
tracking of $2tn of goods and services.
It is regarded by many industry watchers as a disrupting force
in the financial world. A PwC global financial technology (fintech)
survey found that 56% of respondents recognise the importance
of blockchain. At the same time, however, 57% admit to being
unsure about or unlikely to respond to this trend.
Start witH tHe HaSH
Blockchain is effectively a shared ledger between a group of
people – for example, a group of companies that work together
to produce a service or product. What makes blockchain differ-
ent is the fact that the history of the changes – past transactions,
for example – are immutable.
Essentially, the historical entries become read-only and
unchangeable. This is due to the fact that each blockchain
entry relies on the hash – a computed value including part of a
previous block as part of its hashing calculation for the current
block. This means that if a previous block is somehow modi-
fied or corrupted, its hash value will change and therefore the
values after that point become broken, making the tampering
evident for all to see.
One example where blockchain technology can be used is
where several companies come together to provide or consume
Blockchain:
hype vs reality
Regarded by many as a
disruptive force in finance
and beyond, blockchain
technology presents a number
of complex challenges that
must be overcome before
it can truly ...
Public, private, and consortium blockchains are three different types of blockchain networks that differ in terms of their accessibility and the level of control exercised over them.
Public blockchains: Public blockchains are open to anyone who wishes to join and participate in the network. These blockchains are decentralized and are not controlled by any single entity. Examples of public blockchains include the Bitcoin and Ethereum networks.
Private blockchains: Private blockchains are restricted networks that are only accessible to certain approved participants. These blockchains are typically owned and operated by a single entity or organization, and access to the network is granted based on the discretion of the owner. Private blockchains are often used by organizations to securely and privately record transactions within their own operations.
Consortium blockchains: Consortium blockchains are hybrid networks that are partially decentralized and partially controlled by a group of pre-approved entities. These blockchains are often used in industries where multiple parties need to collaborate and share information, but may not fully trust each other. Consortium blockchains allow for the sharing of information and transactions in a secure and transparent manner, while still maintaining some level of control over access to the network.
Which type of blockchain is right for you will depend on your specific needs and goals. Public blockchains offer the highest level of decentralization and are generally considered to be the most secure, but they may not be suitable for all use cases due to their open nature. Private and consortium blockchains offer a more controlled environment and may be better suited for certain types of applications and organizations. It's important to carefully consider the trade-offs between decentralization, security, and control when deciding which type of blockchain is right for your use case.
Blockchain : A Catalyst for New Approaches in Insurance VIJAY MUTHU
Blockchain technology has a wide variety of use cases in insurance. This excellent PwC study shows the possible impacts
in the insurance value chain which blockchain can bring about.
Blockchain Technology Explained
You must have heard about the term “blockchain,” in reference to Bitcoin and othercryptocurrencies.
https://www.leewayhertz.com/blockchain-technology-explained/
blockchain, Bitcoin, cryptocurrencies, blockchain technology, blockchain developers
#blockchain #Bitcoin #cryptocurrencies #blockchaintechnology #blockchaindevelopers
Similar to Applying Blockchain to Transactive Energy (20)
The world we live today is digital and traditionally gold already has played a central role in economics driven by physical exchange. As we dig deeper to this rabbit hole of 'everything digital', the process of exchanging value is also going to transition into a
'non physical solution' and Bitcoin has a potential to play a big role into this transition process. As in the early days, storing, processing and sharing information was radically transformed by the computer and the internet, Bitcoin is playing a similar role by enhancing the ways which we can store, process and exchange value.
Across global economies, there are 180 currencies around the world. These currencies are recognized by the United Nations. As we all know the usecase of these currencies - buy goods and services. And despite volatility in the forex market due to many factors, the value of these currencies is subject to very little change on a day-to-day basis. A stablecoin is a cryptocurrency that is collateralized to the value of an underlying asset. In simple terms, stablecoin - in the form of digital money - aim to mimic traditional, stable currencies. Stablecoins were introduced to solve the volatility issue of the crypto market, that potentially holds the adoption of cryptocurrencies for everyday payment purpose. In this report, we will outline some important facts and interpret important data about stablecoins that emerged this year. This data quoted in this report is taken from Blockdata and other sources as noted below.
With many enterprises experimenting to find the suitable use of blockchain for their business, the promise of this Distributed Ledger Technology has swept the social impact world in the last 5 years. These innovators are new startups, ventures and initiatives that are digging deep into the rabbit hole
of blockchain. We term them as ‘organizations’ in this document. Stanford Graduate School of Business conducted a survey through phone interviews with C level executives at 110 organizations, to better understand the different ways through blockchain may be used for social impact. The findings were astonishing and we will further discuss about it in this document.
As a recent example from Switzerland, a tighten regulatory corset was imposed on the financial market players due to financial crisis in the country. Hence we can witness a structural fundamental change in the country due to parallel digitalisation and accelerated competetion in the new technologies. This has led to an explosion of opportunities in the small business sectors. Amongst other factors, Distributed Ledger Technologies (DLT), which enable new forms of digital transactions, offer a large potential for new business opportunities.
To provide a better understanding of trader's & user's taste and preferences, a survey was conducted in mid-2019 on more than 800 crypto traders including Chinese. Traders from 75 different countries participated in the survey. This report is based on the data collected by BDCENTER DIGITAL and concludes the interpretation of information obtained. In this report, we will only focus on some key points related to general activity, trading strategies of traders and most preferred crypto assets.
Blockchain technology will make only a little difference until the value and information represented on this technology ultimately move between parties for the purpose of commerce or *real utility*. True blockchain solutions need to be implemented by big commercial houses, for the 'mass adoption' to occur. Implementation of blockchain only to a limited degree won't make any difference in the world. We must need to understand the common issues faced by crypto holders in order to address this 'adoption' problem. The data provided in this report is taken from a 3 months long(Dec 2018 - Feb 2019) survey conducted by FIO - the Foundation for Interwallet Operability. Over 200 crypto holders actively participated in this survey.
Blockchain technology is here for 10 years and thee full potential of blockchain is yet to be unlocked, although in 2019, what has emerged is a shared recognition from institutions that blockchain in real and this technology can serve enterprise level solution and can also address a wide variety of business problems. Non-tech leaders have also come to witness the
transformational potential of the technology.
Developments in the blockchain space are happening at a rapid pace and we can witness institutions and companies exploring blockchain use-cases, recognizing their absolute grounds in the blockchain (networks), architecting protocols and reaching out to parties (potential partners) to convince them of co-founding or joining the proposed network. However, there are some shortfalls in their approach that has been a major reason behind the slower-adoption rate of blockchain technologies. An enterprise level value-creating DLT network can only happen if companies and government can work together to revisit their current approach. In this document, we will try to outline a policy approach that might help eliminate key obstacles for network formation.
A survey conducted by Glassdoor in August 2018 found an exponential growth in demand from employers searching for talent especially in the crypto field. The growth in demand for talent is not directly proportional to the price of bitcoin or the overall market sentiment. The survey reported that demand for blockchain jobs rose as nearly as 300% and there were 1,775 blockchain-related job openings in the U.S alone. It was also found that these jobs offer more salaries higher than any other field. And despite regulatory uncertainty, companies are rapidly investing in hiring for roles related to bitcoin and blockchain.
Blockchain is being used by several institutions to issue bonds and other debt products. Institutions use DLT primarily for structuring, issuance and asset transfer. The bond-i, issued by the World Bank in partnership with Commonwealth Bank of Australia (ABC's) Digital Innovation Lab 5, used blockchain technology, and hence was the world's first publicly offered blockchain bond. The bond was issued to replace registry, issuing, clearing and custodian processes with smart contract automation on a private version of the Ethereum blockchain.
Insurers are exploring the blockchain as they see vast potential in this new technology, most common research topics being : travel insurance and crop insurance. With crop insurance : If the bad weather causes any damage to the crops then a smart contract can confirm the loss using weather data and pay claims automatically. Similarly, in case of travel insurance, if the flights gets cancelled by the airline due to a covered reason, then a smart contract built using blockchain technology could automatically enact payment to those with insurance.
Blockchain-based systems have the potential to transform the advertising supply chain through its unique properties. Blockchain can improve efficiency, and trust and to some extent, privacy across the advertising industry. Trust is the initial area of focus for blockchain and many use cases inside and outside of advertising consist of replacing bodies like institutions, firms and even jobs to build trust. Traditionally trust is created through reputation, experience and achieving scale. But there is a difference with blockchain i.e, it doesn't rely on reputation, experience or credentials but blockchain delivers security, transparency and immutability inherently.
The report Blockchain 101 brings together some general ‘descriptions’ of simple and widely used terms in the industry especially related to ‘Blockchain’ or ‘Distributed Ledger Technologies’. It provides an explanatory approach to simple terms that are easy to understand, painting a clear picture of a typical DLT function structure and operations of consensuses.
For years now, the financial services industry has been undergoing dramatic changes and since the inception of Bitcoin in 2009, this new blockchain technology has expanded its reach to a broad mainstream audience. With the financial crisis around a decade ago being the major impulse, we have seen increasing regulatory activity, declining interest rates etc and since there is a substantial advancement in disruptive technologies, we can see a shift in clients, investors needs as these tech savvy investors are constantly looking to diversify their portfolios.
The financial applications of Blockchain technology range from cryptocurrencies and ICOs to payment systems and financial instruments. We can see ICOs becoming the new IPOs for businesses and startups. Blockchain enables the businesses to lower costs by simplifying the processes highlighted in this research.
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Social Media Statistics for business, Pinterest marketing strategies, Instagram Marketing Statistics, Social Media content Statistics
Follow our Linkedin Page: @marketing infographics
A beginners Guide to Social Media, why does a company need Social Media, tips and guidelines, key stats and demographics, Strategies and tactics for success, recommended tools, facebook, twitter, linkedin, pinterest
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
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how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
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Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
1. A P P L Y I N G
B L O C K C H A I N T O
T R A N S A C T I V E
E N E R G Y
N O V . 2 0 1 9
B L A C K C H A I N .
G U R U
2. B L A C K C H A I N .
G U R U
Architecture
There has been an introduction of a wide range
of technologies, terming themselves as
Blockchains today, making the definition of
Blockchain difficult. Cryptocurrency’s
blockchains are different from private
commercial applications, for example,
blockchains developed by the Linux Foundation,
IBM etc. Irrespective of the said differences,
these technologies share several important
characteristics that make a working definition.
Each blockchain is made up of peers
(computational nodes), initiated by participants,
and each of the parties (participants) own a copy
of the transaction ledger. Blockchains are
broadly categorized as permissioned or
permissionless based on whether those
computational nodes are on equal footing,
primarily with regard to the access they have,
like reading, writing or
validating the shared transaction ledger. Cryptos
such as Bitcoin and Ethereum come under
Permissionless blockchains as these
cryptos grant all the nodes equal right to perform
the said above tasks. On the other hand,
Permissioned blockchains or private blockchains
limits the data access or the reading, writing or
validating privileges of peers on participant identity
or role.
Definition
Transactions and Smart
Contracts
Transactions on the distributed ledger mostly
represent the transfer of a digital token or currency
from one point to another or simple said – from one
set of participants to another. Transactions are not
said to be valid until any blockchain account that is
party to them, cryptographically signs it. This process
requires access to that account’s secret key and this
cannot be faked.
Once the transaction is submitted to the network,
these transactions are then embedded into blocks,
so that the nodes or peers can validate it and add it
to the ledger, each block is related or referred to the
previous one, resulting in eponymous blockchain.
Apart from sending tokens or transferring
cryptocurrencies, transactions cam also trigger
Smart Contracts : collections of algorithm
3. B L A C K C H A I N .
G U R U
Architecture
that maintain internal data about the nodes
(peers) and their devices. For instance,
it is possible for a smart contract to store a
number of kilowatt hours (kWh) of energy
produced by a solar array, and expose one
function for a smart meter to increment the
value and another for the utility to read the
value. Traditionally, blockchains have smart
contracts stored in them, inside special types of
transactions, allow the participating nodes or
peer to inspect them. Smart contracts do not
have any legal meaning, even if the name has
‘contracts’. These are just applications that are
blockchain-specific.
these peer’s versions of shared ledger may not
match or disagree moment to moment. A consensus
protocol is there to reconcile these differences
which is designed to overcome mistakes,
manipulation and legitimate disagreements. It is the
consensus protocol that determines about the on-
going adding of the block in the blockchain, and
which peers are assigned to validate that block. This
process is known as forging, or mining, the block,
and can reward the owner of the peer, in addition to
transaction fees offered by each transaction
included in the block. All these rewards are decided,
validated and paid automatically by the blockchain
itself.
PoW protocol – Proof of Work, is utilized by Bitcoin
and Ethereum, the two largest public blockchains.
Any peer has the permission to mine a block at any
time by just solving a cryptographic math problem
based on the ‘difficulty’ level of that block. It is not a
traditional mining process and hence the term
‘mining’ means a lengthy, repetitive calculations
required by design to solve this problem. There is a
strict competition in the protocol, meaning, each
peer is racing against time to solve the
mathematical problem first, because the protocol
specifies that longer chains are “more valid” than
shorter
Peer Consensus
In any blockchain, the peer nodes operations are
free and independent of each other. Peers receive
transactions that are added/proposed on the
network by the other nodes/peers, and new
transactions submitted by participants, not yet
added to a block, they share them with other peers
in order to ensure that all are working with the same
information. Depending on the latency in the
communication to the blockchain,
4. B L A C K C H A I N .
G U R U
Architecture
Associated carbon emissions and the enormous
energy consumption required for Pow (the
computational activity requires electricity) have
been well documented. There are some
consensus activities that are less energy
intensive, such as PoS - Proof of Stake & PoA -
Proof of Authority, in which which the peers
have to stake some portion of their holdings of
cryptocurrency or their network reputation, in
order to forge a block, and lose that portion if
their proposed blocks are not accepted. These
are the notable alternative of PoW, as they both
share the validation characteristics and the self-
interest of the validators in pursuing those
incentives. All assurances of ledger integrity is
lost if a majority of peers fail to follow these
incentives for any reason. This phenomenon will
be known as 51% attack, in which one or more
validators that are working together
representing a majority of the computing power
in the network attempt to hijack the blockchain.
The potential hijackers spend a considerably
good amount of their wealth on the main
blockchain, in order to purchase physical goods
or services. And then they use their validation
influence to suggest the network that the
transactions never took place,
this is done by promoting an alternative chain. If
anybody want to perform a 51% attack on a major
PoW blockchain network would mean that they will
have to rent the necessary resources that will be very
expensive, but still can be done. If any PoW
blockchain, that has less nodes, Is more exposed to
attacks like these as for hijackers its less expensive.
5. B L A C K C H A I N .
G U R U
Architecture
The other properties of a true blockchain is
Immutability and Transparency. Immutability of
the transaction ledger - and its transparency
for validators. Immutability is important to make
sure that the state of the ledger is well fined and
presence of efficient validation – consensus is
present. Transparency is a precondition for
validation itself since unless a
peer can inspect a transaction and its effect on
the ledger, it cannot validate it.
These properties serves a unique purpose:
Responsibilities of managing a transaction
network from a single authority is distributed,
like commercial platform provider or financial
institution, to many. There are several
responsibilities that are performed by the peers
such as: the computation necessary to process
transactions and run applications (smart
contracts), hosting of staked collateral, and the
hosting of data. Smaller set of validator nodes
are distributed the responsibility of transaction
validation. Any costs associated are distributed
across the network,with these shared activities,
bared by the participants.
The Blockchain Ledger
and Distribution of Authority
The Blockchain Approach
Below is the illustration of how blockchain supports
the energy value chain from point of production to
downstream transactions.
In the example, John is a producer, seeking to
monetize his investment
in a rooftop solar array. He aims to achieve this on a
daily basis, with minimal involvement, there are few
energy enthusiasts with great vision for
future who consider it realistic for customers to
micromanage their energy asset investments, and
either negotiate grid services to a utility or day trade
energy. An artificial intelligence (AI)-enabled digital
assistant that is managing such transactions, seeking
only high-level guidance and permissions from the
customer. As a result, to procure day ahead energy
and adjust to real-time deviations from the forecast
with procurements from the real-time market,
6. the agent may forecast energy usage in the home. And the agent may earn additional by bidding the forecasted
excess capacity in the reserve market. Mr. John purchases ‘utility tokens’ from the blockchain network in the
beginning – it is the tokens that are required by the blockchain provider in order to give permission for platform
access, just like charging a rent.
For example, an Australian blockchain energy startup, known as PowerLedger, requires their users and energy
providers to buy their utility tokens known as ‘POWR’, which are then escrowed in exchange for Sparkz tokens, ,
which can be used to transact. Another startup – Brooklyn based known as LO3 Energy, requires its customers to
purchase their utility tokens known as XRG tokens and they must stake these tokens to a blockchain account or
smart meter in order to participate. The staking quantity is directly proportional to the reward a producers gets,
that means the more they stake, the more reward they will get.
A smart meter is used to measure and record John’s PV array producing power. Blockchain oracle then gets
accessed by a software client on the smart meter, connects to the blockchain over the internet or a home area
network and submits a transaction, registering the meter read. When validated and performed by the blockchain,
the transaction invokes a function on a smart contract, passing the oracle’s identity, the kWh value, and any other
attributes of the solar production as inputs. No matter how well designed and programmed a blockchain is, if the
oracle doesn’t pass the accurate physical information, then it means nothing. Hence, the oracle is thus a critical
part of the digital physical interface.
B L A C K C H A I N .
G U R U
John Bob Utility
kwh
T
Grid Service
T
kwh
Grid Data
kwh
Example blockchain transaction
flow, illustrating the value chain from
distributed power generation through
monetization.
Source: Ben Hertz-Shargel
7. B L A C K C H A I N .
G U R U
The Blockchain Approach ... contd
After the oracle’s identity is verified – smart
contract is the only external software permitted
to invoke it and hence credits John’s blockchain
account for the production. That involves either
minting tokens denominating energy and its
attributes, such as generator type and carbon
footprint, or transferring cryptocurrency equal to
their local market value. It is seen that most
presumptive blockchain platforms have their
own tokens in place:
Sparks is pegged to local fiat currency, offer by
PowerLedger. Another one is Grid+ offers BOLT,
this one is a stable currency that is pegged to
the US dollar. Energy Web Foundation (EWF) has
developed a blockchain known as Energy Web
Chain, is a non-profit consortium founded by
Rocky Mountain Institute and startup Grid
Singularity has introduced their own utility
token but on the other hands has shown green
signal to other application developers to use
their own utility tokens for transactions and also
use their own energy.
Assuming John is credited with tokenized
energy production, he or his software agent is
free to monetize it in the transactive market.
For instance, his agent may sell the energy or its
attributes (for example, credits for being low carbon)
to Bob’s agent in exchange for cryptocurrency.
The agent may also sell more complex energy
products and services, such as day-ahead energy
forward contracts or real-time voltage support, to
the utility. Verification of energy services may require
additional technical data, such as voltage and power
quality, which would be captured by her smart
meter. This data could be tokenized along with her
energy, which is LO3’s approach, or
automatically sent to the smart contract governing
the service. Compensation would follow only if the
physical data is consistent with the service
performance requirements, according to the smart
contract’s measurement and verification rules.
Notably, blockchain solutions for transactive energy
do not need to address an entire electric distribution
system. Privacy-preserving Energy Transactions, or
PETra, for example, is a decentralized control
framework for transactive energy on microgrids,
developed by Vanderbilt University and Siemens.
8. B L A C K C H A I N .
G U R U
Still there are several unpopular options that may represent energy data on the blockchain.
Tokenization – For each unit of energy produced, a unique digital token is minted. This token is then credited
to the producer’s blockchain account and is now available to be exchanged (buy or sell). This unique token
may have the attributes of energy, like carbon emissions, generation type and power quality. Still, these
attributes can be individually tokenized. However, it would require a smart contract to implement each type of
token. Creation of token, ownership, transfer and settlement can be managed by a smart contract.
It is possible that the energy data may still be embedded into the blockchain without the need of creating a
unique token. This can be done by maintained either in the state of a smart contract or in the body of a
submitted transaction. In either case, the data can be traded as it is not in any tradeable form, but as always
the data can be validated and stored by the blockchain. Energy data can also be hosted in an external
database off-chain, with only a small, cryptographic hash of the data stored on the blockchain. This hash
would enable validation of the externally hosted data without incurring blockchain storage cost and latency
but would not enable blockchain-based transactive energy applications to leverage the
underlying data.
All of these methods incur ongoing transaction costs, as the submission of data and its access via smart
contract are performed through blockchain transactions. Notably, however, the off-chain approach can
significantly reduce transaction costs, if hashes of entire datasets are submitted, rather than hashes of
individual data.
ENERGY DATA ON BLOCKCHAINS
9. Known as the youngest and most influential Blockchain expert in the field. She is
an Italian-American who first started out as a startupper in the AI and IT business,
while still finishing her Economics and Management studies in Bocconi. Eloisa is
a renowned author, public speaker, and biz-dev, catering startups and
companies wanting to innovate. Currently being the Chapter
Director of Bocconi University Startup Grind Chapter, she made valuable
connections and became a part of some of the main blockchain associations
around the world, namely The Blockchain Council and The NYC Women in
Blockchain. She will be featured in the Forbes Italy 30 Under 30 most influential
entrepreneurs in 2020.
Giovanni Casagrande
A known name in the world of cryptocurrency. He has been in the marketing
industry for well over 20 years and have switched to the cryptocurrency industry
in 2014. He’s a writer, public speaker, investor and Marketing / Growth Hacking
advisor in more than 100 successfully projects. His specialty was Economics in
the University of Bologna and the knowledge, experience gathered from there
has helped him to manage/help many businesses in the industry. 4 years ago he
founded Black Marketing Guru, a successfully Growth Hacking startup in Italy.
Giacomo Arcaro
He has 15 years’ experience in growth hacking, digital strategy, startup and
business development. He has advised over 150 startups and has 50 managed
employees into a XII Century Church in Italy for the European biggest growth
hacking company. He holds the title of ‘Amazon Best Seller Author’ and is been
known to be one of the ‘Most Influencial Blockchain Evangelist’ with +200
conferences all over the world.
Eloisa Marchesoni
'The Most Influential Fintech Advisor' 'European Best Growth Hacker'
'Number 1 ICO Advisor Worldwide
Award'
'An influential Personality in the
Blockchain Space'
'Number 1 token model architect for
ICOs'
'Top 100 Fintech Leaders and Influencers
in Italy'