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EEA Mainnet Working Group forms Task Force “EMINENT” (Ethereum Mainnet Integration for Enterprises)

Some fresh news from New York City and Berlin: The Enterprise Ethereum Alliance Mainnet Working Group has formed a key Task Force named EMINENT (Ethereum Mainnet Integration for Enterprises), focused on the standards and specifications used to integrate the Ethereum Mainnet with ERP, CRM, and other corporate systems of record.

The post EEA Mainnet Working Group forms Task Force “EMINENT” (Ethereum Mainnet Integration for Enterprises) appeared first on Enterprise Ethereum Alliance.

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Some fresh news from New York City and Berlin: The Enterprise Ethereum Alliance Mainnet Working Group has formed a key Task Force named EMINENT (Ethereum Mainnet Integration for Enterprises), focused on the standards and specifications used to integrate the Ethereum Mainnet with ERP, CRM, and other corporate systems of record.

The EMINENT Task Force is being organized with significant contribution and commitment from EEA member organizations Chainlink, Unibright, Anyblock Analytics, and others. The team is now open to accept other EEA members to join (note that as the Ethereum Foundation is an EEA member, anyone with a proper EF email can participate). If you’re not an EEA member but want to get involved in this activity, please contact membership@entethalliance.org for information on joining the EEA.

Rearranging existing architectures around centralised ERP-systems towards decentralization implicates new ideas about how systems interact, what kind of (internal) states can or should be recorded in a publicly available distributed ledger, how external information is included, and how the growing amount of data can be handled and analyzed. Challenges herein involve concepts on computation, storage and messaging which bridge the gap between entirely centralized system landscapes and pure smart contract implementations.

Chainlink as the leading oracle provider for inputs and outputs of smart contracts; Unibright as the leading player in blockchain-based business integration; and Anyblock Analytics as an innovative provider of blockchain data analytics and tools; formed this dream-team to accelerate and scale the adoption of Ethereum in businesses.

The task force’s focus is to build open source available reference implementations and guidelines for mainnet integration with enterprise “systems of record”. Every software that serves as the backbone for a particular business process can be seen as a “system of record”: an information storage and retrieval system serving as an authoritative source of truth, like ERP (Enterprise Resource Planning) and CRM (Customer Relationship Management) systems, and systems supporting processes in Financials, Controlling, Material Management, Sales and Distribution or Human Resources.

The task force is set up to work for 18-24 months. Initially, the task schedule will focus on defining work packages, then expand into building best practice solutions within proof-of-concept implementations, and finally provide open-source available documentation and specification basis (like ERC standards) for further development by the public Ethereum community and EEA members. Intermediate results will be presented to the public while the task force is active.

There is potential for creating synergies and intended points of contact with other EEA working groups, such as the Enterprise Use Case and Requirements Task Force (for both understanding mainnet integration as a potential use case and finding use-cases for reference implementations), the Cross-Chain Interoperability Task Force (when considering cross-chain integration with enterprise systems of record) and the Technical Specification Working Group (when it comes to extracting standards of the concepts developed).

Tas Dienes, MWG chair: “We are excited to see all of these companies working together to realize the benefits of using Ethereum mainnet in enterprise applications. The system of record integration use case is a strong one, and this task force’s work will dovetail nicely with others such as the Enterprise Use Cases and Requirements Task Force.”

John Wolpert, MWG vice-chair and convener: “Getting the Mainnet working as an always-on enterprise service bus ( #magicbus ) is a powerful idea that security-minded CISOs can get behind. Imagine a world where you don’t need to expend massive capital to support every new partner integration. To make this work, we need experts laying down the standards for common-sense integration with enterprise systems of record. Unibright has the experience connecting blockchain to ERP. Chainlink has the experience keeping different databases, run by different companies, in a state of consistency. That’s a promising combination.”

Sergey Nazarov, Co-Founder of Chainlink: “We’re excited to work closely with the EMINENT Task Force to continually push the boundaries of what’s possible in public blockchain environments. Developing mainnet integration standards that take into account the specific challenges of enterprises is key to the EMINENT Task Force being able to leverage the unique advantages of public blockchains, while seamlessly and securely incorporating their current systems of record and key data sources.”

Stefan Schmidt, Unibright Co-Founder and CTO: “In current client projects we all see a lot of individual development due to the lack of standards. Our goal is to make life easier for enterprises and technology providers, to help building standards and to be able to focus on the special 20% of an individual use-case, rather than re-inventing wheels all the time. The setup of this task force is very powerful and we are happy to be a leading part of it.”

Freddy Zwanzger, Anyblock Analytics Co-Founder and CDO: “We are very happy to work with our already existing partners Unibright and Chainlink on solutions specifically for enterprise use cases. While our tech stack also works with permissioned blockchains, we see great potential for interoperability and innovation if corporates are building on the public Ethereum Mainnet as well.”

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About the EEA Mainnet Working Group

The EEA Mainnet Working Group, a joint initiative of the Ethereum Foundation and the EEA, extends the focus of permissioned blockchains (serving as a distributed ledger within business consortia) to the public Ethereum mainnet. The group will make the case for how the mainnet can be used in a safe and effective way by businesses.

About Chainlink

Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to great companies like Google, Oracle, SWIFT, and many other large enterprises, as well as many of the world’s best smart contract projects/teams such as Web3/Polkadot, Synthetix, Loopring, Kaleido, OpenLaw, Reserve, and many more.

Learn more by visiting the Chainlink website, Twitter or Reddit. If you’re a developer, visit the developer documentation or join the technical discussion on Discord.

About Unibright

Unibright is a team of blockchain specialists, architects, developers and consultants with 20+ years of experience in business processes and integration. Unibright turn ideas into businesses, and improve processes with the help of blockchain technology. Unibright worked for Lufthansa, Deutsche Bahn Vertrieb and others and is partnered with Microsoft and SAP.

Unibright develops enterprise solutions, invests in start-ups, builds process modelling tools and integration platforms and offers a 360° ecosystem around tokenized assets.

Learn more by visiting the Unibright website, Twitter and Medium.

About Anyblock Analytics

Anyblock Analytics GmbH is a German blockchain solution provider. Our mission is to build bridges between different organizations, across various blockchain networks and most importantly between people. We offer methods, tools and data to integrate business processes with blockchain.

Anyblock Analytics operates the blockchain analytics platform Anyblock Index that contains all data from all publicly available Ethereum-based networks. It is a searchable blockchain index and data source with real-time API and full SQL access down to the smart contract event level. For example, this can be used to monitor blockchain applications or to create graphical dashboards.

Learn more by visiting the Anyblock website, and follow us on Twitter or LinkedIn.

The post EEA Mainnet Working Group forms Task Force “EMINENT” (Ethereum Mainnet Integration for Enterprises) appeared first on Enterprise Ethereum Alliance.

Source: https://entethalliance.org/eea-mainnet-working-group-forms-task-force-eminent-ethereum-mainnet-integration-for-enterprises/

Blockchain

Crypto Analyst Tone Vays Says Bitcoin Breakout Not Over Yet, Predicts Timeline for 300% Rally

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Veteran crypto strategist Tone Vays says the big Bitcoin breakout has more gas left in the tank.

In a new video, Vays explains why he believes the bullish rally that pushed Bitcoin above resistance of $12,000 is not yet over.

“That is exactly what I’m kind of foreshadowing going into the future. We still have this triangle right here and we can still pull back into this triangle, but I do think that right now, there is still enough FOMO (fear of missing out) to get us higher into that high $13,000 range.”

As Bitcoin draws near its next resistance level at $14,000, the crypto analyst predicts that market participants will start to take profits.

“That breather could be horizontal consolidation or that breather could be a pullback all the way back down to $12,000 or even as low as $11,500.”

Although Vays sees a correction on the horizon, he is long-term bullish on the world’s most dominant cryptocurrency.

“[The] monthly view is going to be great. We’re going to close as the second-highest month ever and we got a shot at closing at the highest month ever if we can close at $14,000. That would be the highest monthly close ever, which would also be absolutely great.”

Vays also highlights his current personal sentiments on BTC.

“I’m pretty damn bullish right now. I don’t know if that’s stupid or not but I’m pretty damn bullish. I haven’t been this bullish since early 2017.”

As for his long-term BTC forecast, the veteran trader believes that Bitcoin is poised to ignite a massive rally within the next six months.

“Let’s be reasonable here. Let’s say we have a 300% move. That takes us to $50,000.”

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However, Vays believes Bitcoin will suffer a massive devaluation after going as high as $50,000 before recovering and climbing above $100,000.

“I can see a 50% crash, which would take us to about $20,000 to $25,000. Let’s say we go back to $20,000 – the prior swing high… And then from there, I could see, this would be fast, I could see a slow grind back up to $50,000. 

From this $50,000 area or let’s from that $40,000 area, we go up another 300% to 400%. This is something that’s realistic to me. That takes us to say $150,000 from there. How long would that take? Before the next halving.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Art Furnace

Source: https://dailyhodl.com/2020/10/26/crypto-analyst-tone-vays-says-bitcoin-btc-breakout-not-over-yet-predicts-timeline-for-300-rally/

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Bitcoin Breaks New 2020 High As Total Market Cap Topped $400 Billion (Market Watch)

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Bitcoin continues with the 2020 records and just a few hours ago marked a fresh high of above $13,350. Most alternative coins followed suit with impressive increases, but the market has calmed since then. The entire cryptocurrency market clocked at above $400 billion.

Bitcoin To Yet Another 2020 High

CryptoPotato reported a few days ago that the primary cryptocurrency exceeded the August 2020 high of about $12,500 and reached $13,200. What followed was a slight retracement to about $13,000 and stagnation yesterday.

Nevertheless, the volatility returned in the past 24 hours, and BTC headed towards new highs. This time, Bitcoin broke above $13,350. In fact, according to data from Bitstamp, BTC’s new 2020 high is at $13,362.

Another sharp rejection followed, and the asset tanked briefly below $13,000. Nevertheless, the bulls have since driven it above the coveted mark, and BTC trades at about $12,940.

A compelling chart recently revealed that Bitcoin is forming an inverse head and shoulders pattern. If it’s to play out, the cryptocurrency could soon skyrocket even further and top its all-time high of $20,000.

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If this scenario is indeed to materialize, Bitcoin would have to break above the resistance lines at $13,420, $13,500, $13,815, and $14,000 before reaching new records.

btcusd_chart
BTC/USD. Source: TradingView

Altcoins Follow Up And Calm Down

Most alternative coins experienced similarly increased volatility as Bitcoin. Ethereum surged to a new 7-week high of nearly $420. However, ETH quickly retraced and is now hovering around $409 again.

Ripple’s highest level came at about $0,26, but XRP has since decreased to below $0.253.

Thus, on a 24-hour scale, most larger-cap altcoins have remained essentially at the same positions as yesterday, despite the brief price jumps. Chainlink and Litecoin have registered the most gains of about 3.6%. LINK trades close to $12.35, and LTC is positioned at $56.3.

heatmap
Cryptocurrency Market Heatmap. Source: Quantify Crypto

The most impressive gainer since yesterday is Filecoin. After the recent controversy and continuous price slump, FIL has surged by 45% in the past 24 hours.

Ocean Protocol (18%), Quant (17.5%), THETA (10.2%), Reserve Rights (10.2%), and Ampleforth (10%) have also increased by double-digit percentages.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/bitcoin-breaks-new-2020-high-as-total-market-cap-tops-400-billion-market-watch/

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Ripple Board Member Arrested on Cyberstalking Charges

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  • Ripple board member and a close family friend of US President Donald Trump, Ken Kurson, has been arrested following allegations of cyberstalking.
  • According to the New York Times, Kurson has stalked and harassed a total of five victims, including his ex-wife.
  • He was reportedly most vicious against a friend of his ex-wife, whom he blamed for his divorce. He used pseudonyms to contact the hospital she worked and sent fraudulent emails claiming that she had an affair with her boss. Kurson also initiated a flood of negative Yelp reviews, threatening emails, and anonymous calls and messages to other hospital employees. 
  • The woman claimed that Kurson had used the same tactics against another female victim, who was fired from her job. The criminal complaint also asserted that the second victim is Kurson’s ex-wife.
  • The public corruption unit of the United States attorney’s office in Brooklyn is handling the case. A judge released Kurson from custody pending trial. 
  • Kurson is a close friend of Donald Trump’s son-in-law Jared Kushner. Kushner had previously appointed Kurson as the editor in chief when he owned The New York Observer in 2013. 
  • In 2018, the Trump administration offered Kurson a seat on the board of the National Endowment for the Humanities. After a routine background check from the Federal Bureau of Investigation, Kurson withdrew from consideration.
  • Kurson joined the board of directors at Ripple in early 2017. The announcement highlighted that Kurson was one of the first investors in the company. 

Featured Image Courtesy of CNBC

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Source: https://cryptopotato.com/ripple-board-member-arrested-on-cyberstalking-charges/

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