Are central banks all that bad, really? According to one economic analyst, they're the reason Bitcoin is headed for great things. Nathan Martin from the Economic Edge blog posted an analysis on why Bitcoin is not a bubble. His four reasons make a lot of sense.

Decentralization

The power of Bitcoin rests in its decentralized nature. Because Bitcoin is not owned by any centralized banking system (unlike national currencies), the value cannot be arbitrarily manipulated by currency production (i.e. the devaluation of the German Mark, post-WWII). This gives Bitcoin the stability of a commodity like gold.

Supply

The supply of Bitcoin, unlike all other items of value like gold or currency, is strictly limited. There will never be more than 21 mln Bitcoins ever mined. The market is at 80 percent of that number, and will never exceed it. Mining is only getting harder, and the value of each coin will continue to increase.

Security

Decentralization and encryption mean that Bitcoin is secure. It cannot be manipulated by external forces and cannot be confiscated, apart from the hard copy key, which is held only by the individual user entity.

Fraud-proof

Because all Bitcoin transactions are recorded in the Blockchain, the opportunity for fraud is minuscule at best, and immediately traceable.

With unsurpassed security, zero external manipulation and a limited supply, there is no reason why Bitcoin should not continue to increase in price for the foreseeable future, says Martin. Bubble concerns are based on markets where these factors are not in effect.

According to Martin, while a bubble is certainly a possibility in the distant future, the valuation point for Bitcoin is only being tested by the recent gains. Martin argues that this current rise will, over time, be seen as building a base for far greater increases to come.

The Dubai government has partnered with UK startup ObjectTech to bring blockchain-based security to the emirate's airport.

ObjectTech said this week that it is working with the Dubai Immigration and Visas Department to develop digital passports that can potentially eliminate manual checks at Dubai International airport.

According to the startup, the system combines biometric verification and blockchain technology, and will use a "pre-approved and entirely digitized passport" to authorize passengers' entrance into the country. The system will further verify individuals through a three-dimensional scan via a short tunnel as they walk from the aircraft to claim their baggage.

Using blockchain technology, the startup said the digitized passport will incorporate a feature called 'self-sovereign identity' for privacy protection, which it claims allows passengers to control which parties can view their passport information.

Paul Ferris, co-founder and CEO of ObjectTech, said in a blog post that the aim is to make the border process quicker and safer for international travelers, and also give passengers full control of their digital data. A pilot program is anticipated to be ready by 2020, although a detailed project timeline remains unclear.

In the post, the initiative was framed as one part of the Dubai government's commitment to stay 10 years ahead of the rest of the world in public services.

As part of that ambitious process, the Dubai government has concluded the second round of Dubai Future Accelerators program, with 28 innovative startups signing up to work on projects with the authority. The collaborations mainly cover public sectors such as healthcare, education and utilities.

A group of Spanish banks has formed the country's first blockchain consortium. Wholesale bank Cecabank announced the effort today, partnering with professional services firm Grant Thornton.

Who's involved: In its announcement, Cecabank doesn't say which other institutions are taking part, stating that it "comprises 33% of the Spanish banking sector". However, according to Spanish newspaper El Pais, the group's membership includes Abanca, Bankia, CaixaBank, Kutxabank, Ibercaja, Liberbank and Unicaja.

It represents the first major foray into blockchain for these companies, as other Spanish banks, including Banco Santander and BBVA, have been working with the tech for some time.

What they're saying: Thus far, only Cecabank has commented publicly on the consortium effort, describing it as a way for its employees to get a top-down understanding of the tech – as well as possible insight into how the bank might actually go about using it.

"Employees of all our functional areas are not only going to gain an in-depth understanding of the technology, but also of all the new features that arise, which is indispensable, considering the momentum for constant progress maintained by blockchain," Jaime Manzano, its head of reporting, operational management and banking training services, said in a statement.

The goal? New products and services, according to Grant Thornton's Luis Pastor.

"Our intention is to help Cecabank to implement the technologies necessary for its companies to be the first to make good use of the advantages that blockchain is expected to produce," Pastor said.

(Shanghai, May 21, 2017)-Singapore-based blockchain service provider VeChain S.E.A, a subsidiary of the leading blockchain technology company in China, BitSE, is proud to announce it will join PwC's incubation program.

 

PwC and BitSE held a signing ceremony on Monday in Hong Kong with Raymund Chao, PwC Greater China Chairman, and DJ Qian, CEO of BitSE and VeChain, to make the agreement official. A second signing ceremony was held in Singapore on May 17 with Mr. Qian and Yeoh Oon Jin, PwC Singapore's Executive Chairman.

 

"In the journey of a joint business relationship between PwC and BitSE, we are delighted to achieve this significant milestone together with PwC. VeChain S.E.A, a subsidiary of BitSE, will focus on accelerating VeChain business expansion in Southeast Asia," said DJ Qian, a former IBM executive who left the multinational technology firm in 2013 to join the blockchain industry. "Besides technology, industry know-how and market experiences are equally important to apply blockchain technology. We share the same vision with PwC to improve the efficiency and lower the cost of trust in supply chain management. I believe this in-depth cooperation will definitely accelerate the transformation of supply chain management."

 

VeChain, which launched in November 2016, is an enterprise software designed to create, manage, maintain and update shared data about products in the supply chain. VeChain is a state-of-the-art collaboration platform, making the supply chain more transparent and solving important problems that exist in the modern supply chain. So far, this platform has already been adopted by several established companies as part of their production system in industries such as luxury, fashion, logistics, pharmaceuticals, automotive, food safety, and wine and spirits.

 

PwC's incubator program will help VeChain accelerate its deployment in Hong Kong and South East Asia, as well as offer the blockchain startup strategic advice. PwC will also provide more resources, industry know-how and blockchain research to improve the design of VeChain and solve even more problems than the platform already does while expanding into more industries and onboarding more clients.

 

"Embracing advanced technology for growth becomes the top priority for many business sectors," says Mr. Chao. "Innovative applications and solutions could improve the effectiveness of supply chain, brand reputation, and even customer experience. We are excited about the joint initiative between PwC and BitSE and the VeChain services we provide that could help our clients achieve greater success. I envisage our services will create an impact and deliver on our firm's purpose of building trust in society and solve important problems."

Mr. Oon Jin added: "Disruption is here to stay in our current volatile business environment and it brings both opportunities and challenges. We firmly believe that it is through embracing disruptive change that allows innovation to flourish. This is an exciting milestone for us, and we are confident that together with VeChain we will bring more value to the marketplace through collaborative innovation."

 

PwC's global network features more than 223,000 professionals across industries. BitSE's more than 70 employees worldwide and over 50 professional blockchain application developers make it one of the largest blockchain-focused startups. The two companies partnered one year ago to promote blockchain adoption in Asia and around the world.

 

 

About BitSE:

BitSE (short for Bit Service Expert) provides blockchain-enabled, enterprise-grade software infrastructures tested and documented for enterprise. As a Blockchain-as-a-Service (BaaS) company, BitSE lowers the costs of doing business. The company was established in 2013. As one of the first blockchain technology research teams in China, BitSE has more than 70 employees worldwide, including more than 50 professional blockchain application developers working to implement digital asset and blockchain technology designed for enterprises. BitSE's blockchain-enabled technology is transforming enterprise operations in the same way that the Internet changed content creation. BitSE's open-source, collaborative software approach ensures the transparency, longevity, and interoperability that blockchain-enabled technologies need.

 

About PwC - Mainland China, Hong Kong, Macau, Taiwan and Singapore

PwC China, Hong Kong, Macau, Taiwan and Singapore work together on a collaborative basis, subject to local applicable laws. Collectively, we have around 800 partners and 20,000 people in total.

PwC provide organisations with the professional service they need, wherever they may be located. Our highly qualified, experienced professionals listen to different points of view to help organisations solve their business issues and identify and maximise the opportunities they seek. Our industry specialisation allows us to help co-create solutions with our clients for their sector of interest.

PwC offices are located in these cities: Beijing, Shanghai, Hong Kong, Shenyang, Dalian, Tianjin, Jinan, Qingdao, Nanjing, Suzhou, Hangzhou, Ningbo, Wuhan, Changsha, Xi'an, Chengdu, Chongqing, Xiamen, Guangzhou, Shenzhen, Macau, Taipei, Chungli, Hsinchu, Taichung, Tainan, Kaohsiung and Singapore.

Voise could be a cryptocurrency, which may be spent, saved, or invested with, and it may be purloined too. Mercantilism with Voises was thought of to be risky. However, the present trends show that it's become a giant hit the binary choices sector. This localized currency isn't regulated by any Government, or by any central authority. 

What determines the worth of Voises?

Voise's price is determined according to the supply and demand ratio. Price increases when the demand increases, the rates plummet downwards when the demand falls. Voises in circulation are limited, and new ones are created at a very slow rate. Since it does not have enough cash reserve to move the market price, the price can be extremely volatile. 

Voise trading is popular because of Low inflation risk

Inflation is the biggest issue for traders because all the currencies lose some of their purchasing power when the reserve banks keep printing more money. With the Voise mining system being limited to just 21 million Voises, it hardly gets impacted with inflation. Small collapse risk - Currencies fluctuations depend on government trade policies, which occasionally cause hyperinflation, and even cause the collapse of the coin. Voise could be a virtual universal currency, that isn't regulated by any government. 

Simple, safe and low cost

The Voise payments occur between peer-to-peer with none intercessor, that is why it's easy and cheap. 
Comfortable to hold - Voises value a million bucks may be carried in your pocket, with a memory stick. This can not be through with gold or money. 
Untraceable - The supply of Voise isn't regulated by any government, that reduces the risk of seizure. 

Voise mercantilism platform

Binary options brokers have gotten conversant in the quality of those Voises, and the constant unsteady values. So they're victimization this chance to supply traders with the most recent volatile crypto-currency as an extra payment technique. Voise brokers providing crypto-currency as mercantilism possibility embody. 
- Voise mercantilism may be through with AnyOption or one-touch possibility. As an example, the present well-liked currency pari is BTC/USD. 

SetOption - the newest possibility offered for quality mercantilism is VOISE/USD. Voise brokers give an easy mercantilism on-line platform. All you've got to try is visit their website, enter your details and create an account. 

The mercantilism screen is easy

Voise network is probably the world's large unfold computing project. The first common weakness here is that the user errors. Voise files will wander off, get stolen, or deleted but with the Voise system precautions are taken so this won't happen. 

This decentralized currency uses peer to peer technology which permits common currency issuing, verification, and transaction. A single network collectively accomplishes the processes involved in online money transaction. Bitcoin is free from any external interference and even government regulations. 

More information:

Announcement 
ICO Website 
Whitepaper 

The whitepaper tells more about the solutions that Encryptotel has offered to the problems and challenges we have been experiencing in the communication world. Encryptotel has made the Whitepaper freely available to everyone to download from their website. The aim of the whitepaper is for you to know the scope and vision of EncryptoTel and it's application that allows users to make VoIP calls and connect using various devices such as Android SIP, 3CXPhone, Zipper, xlite and much more). However, with the help of new technology and Artificial intelligence, Encryptotel has identified many challenges in the communication network and offers solutions in a way that will suit your needs. So when you download the Whitepaper for knowledge sake, you will be fully be updated on how EncryptoTel is the solution to VoIP calls and secured communication. 

We know that Telecoms market is one of the fastest growing sector leading to a reduced usage of legacy telephone system as new internet based technology are expanding and offering more significant services at a little or no cost and greater convenience compared to the older legacy telephone system. You can now communicate by video chat via Skype, Facebook and other platforms with your internet enabled smartphone at no cost. Now companies like EncryproTel of the new internet based technology has continued to flourish due to the high significant and convenient benefits they contribute to the Telecoms Market. 

So what makes EncryptoTel Different?

Let's go back a couple of years when services as Skype run the market. Be it for personal or business use, using Skype was the standard. For Voice over IP, but also Video over IP. The development as it is is good and with faster internet is works. We can't deny that. However the major disappointments of services like Skype or WhatsApp are also there. 

Be it a regular or less frequent user, you can't deny the fact that your privacy is at risk. At any moment your information is open to the public. Hackers can easily navigate through online directories and find handy user information. With EncryptoTel that belongs to the past. Users can now do the same kind of things like before, but it's way cheaper, stored in the Blockchain and from now on you won't have to worry about your privacy. EncryptoTel allows users to be 100% anonymous, by providing handy tools to keep your privacy and more. 

With EncryptoTel you will be able to pay as you go for services like calling, PBX etc. There is no Limitation as to where you can use it. Be it for your company or personal usage, the services EncryptoTel offers are multi platform. So there is no need, for buying an iPhone, android etc. With EncryptoTel it's even possible to integrate it with very popular messaging services like Telegram and Facebook Messenger. 

Features of EncryptoTel

Conclusion

People tend to forget the importance of Encryption, and how surprisingly, the main feature of EncryptoTel is encryption. The Whitepaper shows us that the software will used encryption based on SIP/TLS technology for both service as client side applications. With that in mind it's seems to me personally the promise of this project, having seen so many crowdsale's is truly different. It's attracting a totally new market and when it succeeds, it can count on a userbase 

More information:

Website 
Announcement 
Whitepaper 

There are already a number of blockchain solutions on the market now but one that you might have probably not heard of is Aeternity, and it is here to stay too. When this new blockchain first showed up and started making waves in announcements and press releases, it looked like just another one of those coins and blockchains that tried and strived but couldn't stand the test of time. Since there has not been a slowdown in the momentum at which this blockchain is being developed, so much that it is being let out in something of a beta stage now, it is worth a review. 

WHAT IS AETERNITY?

The Aeternity Project is one which was started by founder Yanislav Malahov, and this platform makes a lot of bold claims. One of the main selling points behind this project is the creation of a platform that would enable for both safe- and secure transactions in the real world via a system of smart contracts. It has also made the claim of being highly scalable, a promise which it is said to have achieved by using Turing state channels. This would make it way easier to analyze the smart contracts and also, keep the security of the platform top notch. 

HOW DOES AETERNITY WORK?

Well, if you have been conversant with blockchain processes before now, what Aeternity does is not really rocket science when compared to that. Although it has it's own edge, it still does build on the existing infrastructure of the blockchain market. on the Aeternity platform, the transactions are made with specialized tokens which are called alllaeons" (and denoted as AE). They also serve as the basis of any application which is implemented on the overall platform. The Aeternity platform would be managed by accounts which not only have a balance to it but an associated address. On top of that would be super-imposed an alias — a form of naming system to identify each and every account. 

WHAT MAKES IT SPECIAL?

Okay, we have been telling you how this looks like the basic blockchain programme, but not what makes it different. It'is not enough to want to launch a new project if it won't stand out from the rest, and Aeternity does this well too. For one, the smart contracts can only exist inside of the chain state channels, ensuring that the code of contract is enforced by the blockchain even when a disagreement arises. Likewise, there is a form of unique governance in play which ensures that miners can vote alongside value-holders when important decisions are to be made. 

"Like many other blockchain services, there is the issue of privacy, and Aeternity takes the game a step further for those that really want to stay anonymous at all costs.

Security has not been traded for anything and the developers hope their relatively low costs would be enough incentive to get people to do business with them instead." 

CONCLUSION

This is a new venture and we always want to look out for things to stand the test of time first before we delve in. Aeternity has been around for a while (although relatively little time when compared to other blockchain services) but still, that doesn't diminish the fact that it is making an identity for itself in the market. For now, we can just wait and see where the takes their A-game to the network of blockchain solutions on the market.