Connect with us

API

Blockchain in Action — 16 Inspirational Examples

Published

on

Codezeros

If you want to have a decentralized record of digital data accessible by all, then better fix your gaze towards blockchain technology. To break a single word into two, Blockchain has information in which the data (i.e., the block) is deposited inside a communal database (i.e., the chain).

This digital technology is primarily made to rave up banking security, as unsecured parties fail to hack it. However, Blockchain has various applications; you might have heard of them, so below are their names.

1. Bitcoin

Bitcoin is known to be the most prominent application of Blockchain, which is also termed as a cryptocurrency because it is a virtual currency. Things get completely simplified here, as money transferring gets easier because of the absence of intermediaries like banks or administrators.

Similar to Bitcoin, Bitcoin Atom is also a part of it, used for transferring funds in a simplified way with no trading charges and no possibilities of hacks during exchanges.

Blockchain in Action — 16 Inspirational Examples

2. MediLedger

With Blockchain, MediLedger, a pharmaceutical company, has a decentralized network that can record transactions and data to establish worth and improve security.

3. Spotify

A popular name in the music world, Spotify, opted for the procurement of Mediachain Labs and took help from a blockchain development service provider to switch to blockchain technology. This helps them to associate with an artist who has licensed tracks and agreements.

This move has led to more transparent and clear ownership of records. This move also helped the small artist to get proper recognition, which they were denied before.

4. BitGive

BitGive, which also implemented Blockchain technology, has its sole mission to benefit charities worldwide. It has a project that provides transparent data and financial information to donors.

5. Maersk

Maersk and IDM combined to generate a new supportive Blockchain effort known as TradeLens, which is supported by blockchain software development companies and other leading brands.

TradeLens is exclusive for its customized smart-contract services that execute complicated shipping orders, which lowers the presence of mediators in the whole process.

6. Circle

The peer-to-peer payment technology of Circle, which is also termed Circle Pay, is primarily used for buying and selling bitcoins. Circle uses open, Blockchain-based protocols to build products.

7. Aeternity

Another example of Blockchain development can be found in Aeternity. It serves a great role in performing rapid transactions. The brand has adopted several new things like IoV, IoT, FinTech, Unbanked, Video gaming, Trust-free Exchanges, etc.

8. Matchpool

To stay in association and generate new connections, a platform named Matchpool utilizes cryptocurrencies. It provides bonuses on linking the associates of different communities such as Uber, Airbnb, or dating services.

Here the cryptocurrency comes in the form of Guppy tokens, which is better known as GUP. These are mainly used for making payments within the app.

9. Siemens

Blockchain development services have led Siemens Digital Grid and its start-up financier, named next47, to work in collaboration with LO3 for a new project. The project is related to Blockchain technology, which lets local people generate and use and buy power through it.

10. BASF

BASF Corporation took help from a blockchain development company to scrutinize the value of livestock. The information can be used to see full transparency about the food they eat.

11. Loyyal

Loyyal, which is a cross-sector rewards and loyalty platform, reinvented how customers will get incentives.

It makes use of smart contracts and Blockchain technology to manage travel and hospitality. It also correctly looks over the incentives of all employees and their corresponding credit card rewards.

12. SimplyVital Health

With the added cost of aligning different technologies and issues due to sharing of data for security and privacy issues, the health sector hasn’t yet upgraded a lot from the past.

However, with the help of blockchain app development, SimplyVital Health has granted the authority to patients to share and access their healthcare information.

13. Guts

Guts which also works on blockchain technology, reduces the opportunity of ticket fraud and overcharging. Its algorithm maintains similar ticket prices and locks the prices by linking them to the mobile number.

14. De Beers

By tying up with 5 various other diamond manufacturers, De Beers has developed Tracr. It is a first-level Blockchain platform, which aids in securely tracking a diamond. The platform is designed to deliver untampered data whenever there is any suspicion revolving around it.

15. Ubiquity

Ubiquity, also a part of the blockchain platform, provides records of property information with a clean record of ownership. The consumer can input their data and store it on a blockchain with its Patent Pending API and SaaS Platform.

16. AIA Insurance

The bancassurance network, i.e., AIA Insurance, has led its bank partners to share data in real-time, reducing the processing time. It perceives new starts to have insurance with the blockchain accelerator.

Conclusion

Thus, through this, we hope that it is clear to you that blockchain development is a vast system with a vast scope in every sector. So, align your brand with it to upgrade and earn better revenue.

Blockchain in Action — 16 Inspirational Examples

Source

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blockchainconsultants.io/blockchain-in-action%e2%80%8a-%e2%80%8a16-inspirational-examples/?utm_source=rss&utm_medium=rss&utm_campaign=blockchain-in-action%25e2%2580%258a-%25e2%2580%258a16-inspirational-examples

Blockchain

Schedule w/ Jare’s Crypto and Not Holding Co.

Published

on

(real) Jarett Dunn

https://jarett.as.me/

Bonus: first three people to schedule a feeler get a free hr’s work for testing the new acuity scheduling platform 🙂

Select ‘feeler’ to discuss your requirements with me.

While coming up with a pricing model, I’ve found that days go by and there are dozens of emails back and forth in order to finalize scope and expectations and agree on a payment. This becomes an awful lot of wasted time when people don’t decide to push forward with a project, and so now all negotiations will take place in a ‘feeler’ call — or more than one, if your needs are more exhaustive.

My last few quotes were for $300-$400 USD/hr, but if we’re going to systemize this then I can pass along the savings from increased efficiency to you.

My output cannot be measured by traditional means or compared to a traditional tech-minded person.

it takes me roughly one hour per 1000–1200 word well-researched, formatted article that adds value to a community — that’s about 20–30 minutes drafting and 20–30 minutes editing. Examples are some of the paid placements here: https://hackernoon.com/@jare.

It takes me roughly 6 hours to prototype a piece of software and deliver a proof-of-concept. This varies highly based on the complexity and scope, and could be a few extra sets of 6-hour blocks. For trading algorithms, a proof-of-concept is usually a backtested model against historical data that can either confirm or not confirm potential profitability

If you’re not sure about my credibility check https://linkedin.com/in/jarettdunn and https://github.com/dunncreativess

What the opensource community agrees I’m good at:

1. Stolen Projects

Some team abducted my opensource code for DexArb, ran an ICO called DexArb and ran away with thousands of Eth.

https://blog.goodaudience.com/a-few-stokes-of-geni…

https://jarettdunn.medium.com/some-fud-darb-dexarb…

2. Literal Red Army recruitment — this is China saying ‘how many opensource developers can we literally buy’

3. Github Stars

bitmexfibbmarginmonster — literally automate fibonacci, preying on how folks think a chart should naturally look

DeribitMarketMaker2 — back when deribit had fee rebates, we could make a dollar trading back and forth on the spread and another dollar on the fee rebate

Redirect.comBuyingAndZeroPark.comSelling — once upon a time I automated an assured 300% RoaS by arbitraging millions of internet views a day

marketmaker — ?? who knows, but it’s popular!

dexArb — read above

aggr.trades-bitmex-sma-bot — someone said ‘hey check out the volume indicators on aggr.trades can we automate that?’ then we did

SportsArbitrageBot — when bookies disagree on prices for and against in two or three sided competitions, there’s risk-free money

FTX_and_four_other_exchange_futures_and_funding_arbitrage_scanner — if you buy n sell perps and futs and then hodl we call that futures cash n carry arbitrage. when you do it across many exchanges, you maximize returns.

privateMarketMakerRepo — ?? who knows, but it’s popular!

CryptoFuturesHedgingWithBlackScholesOptions — using leverage and long stangles or straddles you can hedge just about any exposure at any market

redditSentimentCombiner — we can assess sentiment for keywords. what exactly are we combining? we choose a sentiment, choose a topic, grab sentences with like sentiments and like topics and create ‘new’ posts.

QuestradePythonLongStraddleEarningDays — speaking of options strategies, we can check out when a copmany announces earnings and long volatility for options expiring shortly thereafter

https://jarett.as.me/

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://jarettdunn.medium.com/schedule-w-jares-crypto-and-not-holding-co-d35e6f473de3?source=rss——-8—————–cryptocurrency

Continue Reading

API

0x launches DEX liquidity API on Polygon

Published

on

0x has released a Polygon version API for its decentralized exchange (DEX) liquidity aggregator, opening up the 0x API tool to the expanding Polygon market.

The DEX liquidity bridge service announced the move via a release issued on Monday, marking another milestone for the burgeoning decentralized finance (DeFi) scene on Polygon.

According to the announcement, the 0x API on Polygon features major Ethereum-based DEX liquidity channels like SushiSwap, Dfyn and Curve, as well as Dodo, mStable, QuickSwap and Cometh.

Detailing the ease of using the 0x API on Polygon, the announcement reads:

“Developers are able to access the open source 0x API and accompanying documentation to start building on Polygon instantly. The API has been designed to make it easy for DeFi devs to tap into DEX liquidity in a fast, reliable, and easy to use way.”

0x reportedly plans to expand its DEX liquidity aggregation capability with the team promising access to its open book orders and request for quote (RFQ) system in the next 0x API iteration scheduled for release in June.

As part of the announcement, the 0x team stated that its API service had facilitated $26 billion in trading volume from over 1 million trades carried out by about 250,000 unique entities. This $26 billion in activity has been across both the Ethereum and Binance Smart Chain networks, which are currently the two most active DeFi markets.

According to the 0x team, Polygon attracting major DeFi protocols like Aave, Curve and Augur is proof of the platform’s vibrant DeFi scene. As previously reported by Cointelegraph, Polygon recently debuted an SDK framework for building Ethereum-compatible chains.

Interblockchain liquidity protocol Ren is also interfacing with Polygon. Earlier in May, Ren announced a new bridge to port Ren-based wrapped tokens — ERC-20 representations of “coins” like Bitcoin (BTC), Dogecoin (DOGE) and Zcash (ZEC), among others — to the Polygon network.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/0x-launches-dex-liquidity-api-on-polygon

Continue Reading

API

Understanding the systemic shift from digitization to tokenization of financial services

Published

on

The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset trading desks, regulatory and compliance frameworks, and audit and risk models. 

It is fair to say that digital assets have taken the financial services industry by storm. While the attention and investment from traditional finance in decentralized finance (DeFi) is hailed as a progressive step, there are enormous challenges and hurdles that financial services and institutions need to consider to make digital asset adoption mainstream.

Related: Why institutions suddenly give a damn about Bitcoin

For one thing, the industry is on a massive digitization path to modernize aging financial systems that are reliant on a ledger-based transaction system. It must ensure that the path to digitization is smooth, minimally disruptive and brings the financial system that moves assets and payments to the speed of the digital era, keeping up with digital commerce and digital delivery of services.

These efforts have brought innovation with application programming interfaces (APIs) to support new business models. These strategic APIs not only take the shape of digital products and services but also of co-creation vehicles to deliver value to the consumer and financial services ecosystem. The industry has seen a growth of full lifecycle API management as a glue to secure businesses and expose services at the same time, which shifts the IT focus from projects to strategic APIs.

Lately, the approach has involved financial technology — or fintech — partnerships and/or modernizing technology. It has focused on user experience and the API, with little attention to the systemic elements of the financial services industry, such as payment, treasury, risk models, fraud, regulatory and compliance, to name a few. While the user experience approach has achieved some success, the deficiencies have surfaced for legacy design parts of tightly coupled designs. The use cases that manifest as a financial application eventually catch up with the financial systems’ limitations, and assets locked in the ledger and reliant on the relay of batch processes to move assets.

Related: DeFi needs real-world adoption, not just disruptive pioneering

So, how does a financial institution manage these two drastically different models in tandem as the industry evolves in a complex transformation with a disruptive twist? On one hand, the digitization effort focuses on a ledger-based model, which is largely the existing infrastructure, while on the other hand, the disruptive twist promotes a token-based model, which challenges and negates the current digitization efforts. How do financial institutions manage the delicate balance in which two worlds can coexist and provide a seamless, singular experience?

Related: CeFi and DeFi will finally meet in 2021 — Let’s hope they hit it off

Understanding digitization and fintech-led disruption

The financial services industry is in a constant state of flux, including recent radical shifts. The industry has been a witness to many previous ground-shifting eras, including the introduction of computing into banking systems, anytime-banking with ATMs, and the internet and mobile technology shifting the mindset to “anytime, anywhere.”

Today, the financial services industry is largely focused on massive digitization efforts with initiatives such as open banking, Payment Services Directive-2 (PSD 2), strong customer authentication (SCA) and ISO 20022 for payment harmonization and modernization. Many of these digitization efforts are industry-led, and some are driven as a result of a regulatory directive. They are efforts to stay competitive and meet customer demands for instant, real-time movement of assets and digital fiat as settlement instruments.

Related: Europe awaits implementation of regulatory framework for crypto assets

The challenges the financial services industry faces are immense, including constant shifts in the regulatory landscape, customer expectations of digital natives, the need for real-time and around-the-clock operations to service clients’ requests, and ecosystems’ exogenous factors that are creating interesting technology engine struggles for financial institutions. The legacy infrastructure, which represents both significant investment and past modernization journeys, is now impeding the speed and scale required to unlock the digital value of not only products and services but also of the entirety of the financial institution itself.

Related: Stablecoins present new dilemmas for regulators as mass adoption looms

With the emergence of every significant change, the financial services industry has been able to adapt and withstand the disruption. The movement led by fintech is another major shift, underpinned by radically different business models that are led by new innovative technologies, business structures and the digitization of adjacent and consumer experience in every segment of digital business and engagement. This shift — coupled with mounting regulation, compliance pressures and disruption from the fintech ecosystem — is forcing the established financial services industry to rethink innovation and business models. This is to keep systems competitive, innovative and malleable for future disruptive shifts that may occur — like DeFi driven by tokenization.

Related: Tokenization of assets is not taking off, but it really should

Understanding the implications of asset tokenization

We have established that digitization is the first step in many enterprise and permissionless blockchain projects. Tokenization is the process of converting or claiming an asset and rights into a digital representation, or token, on a blockchain network. At this time, it may be prudent to draw a distinction between a (crypto) asset or currency and a tokenized asset.

A (crypto) asset or currency is a medium of exchange or a protocol-driven exchange mechanism that often embodies the same characteristics as a real-world currency — such as durability, limited supply and recognition by a network — while being backed by a common belief system, such as a fiat currency. A (crypto) asset or currency also represents a byproduct of trust systems, or consensus, as a vehicle to back the incentive economic model that rewards and fuels the trust system of a network, making it a trust currency of the network. A token, on the other hand, can be many things: a digital representation of a physical good, making it a digital twin, or a layer-two protocol that rides on the (crypto) asset or currency and represents a unit of value.

This distinction between a (crypto) asset or currency and a tokenized asset is important for understanding the exchange vehicles, valuation models and fungibility across various value networks that are emerging and posing challenges around interoperability. The challenges are not just technical, but also business challenges around equitable swaps. Tokenization of assets can lead to the creation of a business model that fuels fractional ownership or the ability to own an instance of a large asset. The promised asset tokenization on blockchain-based business networks is not just digitization or a solution to the inefficiencies of time and trust; it also creates new business models and co-creations from synergies of network participants that did not exist before.

While blockchain itself provides the technology constructs to facilitate exchange, ownership and trust in the network, it is in the digitization of value elements where asset tokenization is essential. In essence, digitization is sort of a prerequisite to tokenization. In the financial services context, digitization of existing services and token-driven DeFi present two parallel business streams, which will converge as the industry aims to provide a unified user experience.

Tokenization implies that account management and claims on assets are driven by cryptographic keys, as opposed to account management and asset management by a system operator called a bank. Though tokenization is more than just account management and claims to an asset, it enables divisibility, fungibility and disintermediated business functions, such as asset transfer. It is a fundamental building block and prerequisite for an “internet of value.”

Opinion

The answer to the question How does a financial institution manage the delicate balance in which two worlds can coexist and provide a seamless and singular experience? is a complicated one. Adequate thought needs to be given to the operational structure that encompasses the complexity of existing structures, while also encapsulating the exponential growth (and complexity) of a digital asset ecosystem. That presents both a monumental operational challenge and as a massive opportunity landscape and avenue to embark on new business models.

It is widely understood and accepted that blockchain technology lays the foundation for a trusted digital transactional network that, as a disintermediated platform, fuels the growth of marketplaces and secondary markets due to new synergies and co-creation due to new digital interactions and value-exchange mechanisms.

Open banking has led the digitization efforts with a raft of open APIs. These APIs can be extended to tokenized asset structures and turn the entire business process of various DeFi market structures into consumable units, where various asset classes, marketplaces and DeFi support services can be stitched into a singular experience hiding the transactional complexity.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Nitin Gaur is the founder and director of IBM Digital Asset Labs, where he devises industry standards and use cases and works toward making blockchain for the enterprise a reality. He previously served as chief technology officer of IBM World Wire and of IBM Mobile Payments and Enterprise Mobile Solutions, and he founded IBM Blockchain Labs where he led the effort in establishing the blockchain practice for the enterprise. Gaur is also an IBM distinguished engineer and an IBM master inventor with a rich patent portfolio. Additionally, he serves as research and portfolio manager for Portal Asset Management, a multi-manager fund specializing in digital assets and DeFi investment strategies.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/understanding-the-systemic-shift-from-digitization-to-tokenization-of-financial-services

Continue Reading
Blockchain23 hours ago

Santo Blockchain and French Artist Jerome Peschard Release Cutting Edge XR-NFT Series

Blockchain4 days ago

Binance NFT Marketplace Launches Golden Ticket NFT by Virtue Poker for Tournament with Phil Ivey, Vince Vaughn and Others

Blockchain5 days ago

Binance NFT Marketplace Launches Golden Ticket NFT by Virtue Poker for Tournament with Phil Ivey, Vince Vaughn and Others

Blockchain5 days ago

This is The First DeFi Protocol to Support Tether’s EURO

Blockchain5 days ago

Binance NFT Marketplace Launches Golden Ticket NFT by Virtue Poker for Tournament with Phil Ivey, Vince Vaughn and Others

Blockchain5 days ago

Rap Legend Busta Rhymes Officially a Bitcoin HODLer

Blockchain5 days ago

Wyre Partners With Polygon to Offer USDC to Customers

Blockchain3 days ago

Fintech Giant Zip Co to Provide Cryptocurrency Trading Services

Blockchain5 days ago

Binance NFT Marketplace Launches Golden Ticket NFT by Virtue Poker for Tournament with Phil Ivey, Vince Vaughn and Others

Blockchain5 days ago

Binance NFT Marketplace Launches Golden Ticket NFT by Virtue Poker for Tournament with Phil Ivey, Vince Vaughn and Others

Blockchain3 days ago

Blockchain Startups Raised over $4 Billion in VC Funding in Q2 2021

Blockchain5 days ago

Binance NFT Marketplace Launches Golden Ticket NFT by Virtue Poker for Tournament with Phil Ivey, Vince Vaughn and Others

Blockchain5 days ago

This is The First DeFi Protocol to Support Tether’s EURO

Blockchain5 days ago

Billionaire Thomas Peterffy Admits He Has Invested in Cryptocurrencies

Blockchain5 days ago

Binance NFT Marketplace Launches Golden Ticket NFT by Virtue Poker for Tournament with Phil Ivey, Vince Vaughn and Others

Blockchain5 days ago

Binance NFT Marketplace Launches Golden Ticket NFT by Virtue Poker for Tournament with Phil Ivey, Vince Vaughn and Others

Blockchain5 days ago

Nodle Announces Partnership with ESTV

Blockchain5 days ago

Binance NFT Marketplace Launches Golden Ticket NFT by Virtue Poker for Tournament with Phil Ivey, Vince Vaughn and Others

Blockchain4 days ago

Is This the Token That Can Change Africa’s Future? A Look Into the XTEMCoin

Blockchain3 days ago

Nigeria to Launch a Pilot for Its CBDC in October

Blockchain3 days ago

Blockchain3 days ago

Nigeria to Launch a Pilot for Its CBDC in October

Blockchain2 days ago

Amazon Wants a Leader For Its Digital Currency and Blockchain Product Unit

Blockchain5 days ago

Wyre Partners With Polygon to Offer USDC to Customers

Blockchain4 days ago

Binance NFT Marketplace Launches Golden Ticket NFT by Virtue Poker for Tournament with Phil Ivey, Vince Vaughn and Others

Blockchain4 days ago

CZ Hints Binance US is Considering Going Public Via IPO

Blockchain3 days ago

Amazon Wants a Leader For Its Digital Currency and Blockchain Product Unit

Blockchain5 days ago

Binance NFT Marketplace Launches Golden Ticket NFT by Virtue Poker for Tournament with Phil Ivey, Vince Vaughn and Others

Blockchain5 days ago

No, Jack Dorsey isn’t trolling ETH by making its logo the Ethiopian flag

Blockchain5 days ago

Billionaire Thomas Peterffy Admits He Has Invested in Cryptocurrencies

Blockchain3 days ago

Fintech Giant Zip Co to Provide Cryptocurrency Trading Services

Blockchain3 days ago

Nigeria to Launch a Pilot for Its CBDC in October

Blockchain2 days ago

Fintech Giant Zip Co to Provide Cryptocurrency Trading Services

Blockchain2 days ago

Fintech Giant Zip Co to Provide Cryptocurrency Trading Services

Blockchain3 days ago

CZ Hints Binance US is Considering Going Public Via IPO

Blockchain3 days ago

Uniswap Labs Limits Access To Certain Tokens, What It Could Mean For The DeFi Sector

Blockchain2 days ago

BigWin Announces Rebranding – Launch of new Welcoming Activities for Freshmen

Blockchain23 hours ago

Tether Executives Allegedly Under DOJ Investigation for Suspected Bank Fraud

Blockchain5 days ago

Rap Legend Busta Rhymes Officially a Bitcoin HODLer

Trending