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Interview: Luka Gubo – Blocktrade

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Luka Gubo Blocktrade LATTICE80

 

Based in: Liechtenstein

Company website: blocktrade.com

Twitter: twitter.com/LukaGubo

LinkedIn: linkedin.com/in/lukagubo

 

blocktrade lattice80 luka gubo btt token

 

Please tell us about yourself – your background and the your experience thus far…

I started my career in financial markets as a high frequency trader at a proprietary trading firm where we achieved quite spectacular returns. As a Chief Investment Officer I was responsible for development of trading strategies together with a small team of traders and developers. Being in that role was a great experience – not only that I learned the intricacies of financial markets, how exchanges work from a technical and operational perspective, but I was involved with all aspects of growing the company.

After macro news high frequency trading became too competitive for such a small team with limited budged, we scaled down, and my focus shifted to developing quantitative investment strategies, one of which I used for launching a first quantitative fund in the region. I grew that fund from zero to 2 million Euros in AUM with zero marketing budget in a super competitive retail market. Every single investor in the fund knows me either from a meeting, media, TV, my online and offline lectures, articles or my book.

As a quant, I was always deeply involved with the technology and its intersection with financial markets. When I first time read about bitcoin I was skeptical that it could become a true currency in the developed world. On the other hand I immediately understood the potential impact of blockchain on the capital markets, especially primary markets and settlement layer in secondary markets. I wrote a research piece about it in 2016 and hosted a couple of events where I explained the technology and investment opportunities and risks to investors.

In 2017 my interest in the space became more formal as I was part of Hedge Project, where we created first institutional-grade crypto indices and did an ICO where we raised $2.1 million. The team was small with no clearly defined roles, but enthusiastic about the vision. And then it happened. Parity multi-sig wallet hack.

A bug in a smart contract of a popular wallet provider called Parity was exploited and 513,000 ETH then valued at $164 million was locked forever, including our $2 million. The team was devastated. It was obvious for me to step up, take the leadership role as a CEO, and continue with the mission.

We bootstrapped the company and expanded our vision – since the whole crypto markets space was unregulated, in-transparent, full of security issues and vulnerabilities, we saw that our mission is not only to be an index provider, like S&P is for “old financial markets”, but to bring regulation, transparency and highest levels of security to this rapidly growing market by developing and operating a regulated exchange within this new ecosystem.

 

Tell us about Blocktrade and its beginnings – the challenges, gaps you identified and are now solving.

We saw a huge opportunity in building a fully regulated, institutional-friendly crypto asset exchange, which would bring crypto markets closer to large institutional investors and traders while bringing additional liquidity to previously illiquid assets, like startups, real estate, crypto and VC funds, all of which could be tokenised and put on the blockchain. Given my background and feedback from speaking to dozens of large institutions it was quite obvious to identify what was missing in the crypto markets for them to join: a regulated trading venue with highest levels of security, reliable and fast connectivity, fast performance, institutional-grade clearing and settlement, and with new asset classes listed (like cryptocurrencies, security tokens and other tokenised assets) that also have a regulated custodian.

We are solving the problem that regulated investment firm have with accessing the crypto markets by creating for them a regulated trading venue with a level play-field, full compliance with MiFID II, easy connectivity and reliable t+0 settlement system, where crypto assets are listed and traded.

 

Can you please describe how the platform works exactly?

If you go to trade.blocktrade.com you can open a trading account and start trading with a user-friendly interface to our exchange with possibility to trade cryptocurrencies and later also security tokens, crypto funds and other tokenised assets. But this front-end is only a small part of the whole system that we are building – as an exchange, we operate a central limit order book and a matching engine, with reliable and performant APIs that connect to it. Anyone can build on those APIs to create their own interface to the exchange or even leverage our order management system. What is important for institutional members of Blocktrade (brokers, investment banks, etc.) is that we have created a seamless clearing and settlement system where we can guarantee the efficient and fast settlement between members.

 

What is the core target audience for the Blocktrade platform like?

In this first stage when we launched our crypto exchange, retail and professional traders can start trading with top 5 cryptocurrencies (BTC, BCH, ETH, XRP, LTC). As we are in the process of obtaining our MTF (multilateral trading facility) license, we are finalising the integrations with primary market partners like Securitize, Polymath, Neufund, Own, and others, which will enable simple listing process for issuers (after our due diligence team approves listing).

 

Can you tell us briefly about the BTT token and its use?

To incentivise users we have our own utility token which gives owners 50% discount on membership and other fees. We are working on other features and use-cases of the token in Blocktrade ecosystem.

BTT tokens are quite unique as after they are used for payment of the service, they are “burnt”, meaning, they can be used only once and then disappear from circulation by being sent to an Ethereum wallet from where they can’t be moved again.

 

Why did you choose Liechtenstein as your base? What are your observations about the local regulations specific to blockchain and cryptocurrencies?

Besides the team, our strategic location gives us an edge. Blocktrade is incorporated in Liechtenstein, which is part of European Economic Area and also has bilateral agreement with Switzerland. This means that we fall under European legislation, like MiFID II, which gives us the ability to offer services across the whole of Europe, but also to Switzerland as Liechtenstein has special deals with them. More importantly government and regulator in Liechtenstein are very open and friendly towards usage of blockchain technology in financial services – their new law will enable regulated investment firms, funds and banks to invest into crypto assets, but these assets must be traded with regulated trading venues. The law defines tokens just as containers or wrappers – if you tokenise a stock, regulation that governs equity markets apply. By being MiFID II compliant and taking the opportunity of this new law, Blocktrade will be the first trading venue to offer trading with security tokens and other tokenised assets including ETFs.

 

Please tell us a bit more about the local fintech and blockchain ecosystem in the region…

While regulatory advantage is clear in Liechtenstein compared to other European countries like Malta or Gibraltar, location of our operations was also chosen strategically. Slovenia has the most successful ICO per inhabitant, and most importantly the oldest cryptocurrency exchange in EU – Bitstamp. While the rest of the world mostly heard about cryptos in 2017 when there was the ICO boom, Slovenia had its first wave of euphoria in 2013. There is a large talent pool available because of this – developers have started writing smart contracts soon after Ethereum was released, many have been developing algorithmic strategies for trading, and even many lawyers have specialised in blockchain.

 

What are your future goals for yourself and the company in the next few months?

With the launch of crypto exchange we have successfully shown that our IT systems operate in compliance with MiFID II. We will focus on finalising the development of the trading system, on integrating our Omega architecture that handles high volumes with low latency, and acquiring the MTF license. In the following month our marketing will be focused on retail and professional traders who want to trade cryptocurrencies and utility tokens on a transparent, secure, performant and reliable exchange, while our focus will shift to institutional traders and brokers after the license acquisition.

To scale the business on all fronts (retail, professional and institutional) we are doing our first external fundraising by offering preferred equity in the company.

GUIDE: Receive KAYA Mosaic tokens in NEM Nano Wallet

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lattice80 NEM XEM Mosaic

The New Economy Movement – widely know as NEM – is a smart contract platform. The Proof-of-Importance (PoI) consensus algorithm was first introduced by NEM when the blockchain platform launched on 31st March 2015, with XEM as the native token.

Unlike for the Ethereum platform’s ETH and ERC20 tokens, online wallets similar to MyEtherWallet and MyCrypto for storing XEM and Mosaic tokens are not available.

Mosaic tokens are built on the NEM blockchain. They are created and used to bring utility to blockchain projects, applications and platforms that are powered by NEM.

LATTICE80 ‘KAYA‘ is a Mosaic token issued on the NEM blockchain.

In our previous guide we showed how to easily setup a NEM Nano Wallet on your macOS, Windows, Linux and other devices. In this guide, we shall show you the exact steps to receive KAYA tokens to your NEM Nano Wallet address.

Please make sure that your desktop/laptop is virus-free and you choose a unique password when asked to choose one. This should not be a password you use elsewhere. Use a password manager to generate and manage strong, unique passwords.

 

Here’s how you can easily receive KAYA, a Mosaic token, to your NEM Nano Wallet desktop client:

 

1. Launch the NEM Nano Wallet application we installed and set up in the previous guide. Select ‘LOGIN‘ in the top right corner.

Receive KAYA Mosaic NEM XEM wallet 1

 

2. Select the wallet you created, and enter the password we set up in step 9 of the set up guide. Click ‘Sign In‘ to proceed.

Receive KAYA Mosaic NEM XEM wallet 2

 

3. Your Dashboard will now appear. Click on Account: Primary in the top right section.

Receive KAYA Mosaic NEM XEM wallet 3

 

4. Your wallet Address will be displayed. Ours is NCRF6E-I2JXPX-6ZRNEP-KZOBTX-3BZHPG-LGNSEM-YAOI.

Click on the blue copy button next to the address to copy it to your clipboard. You can now share this address with anyone to receive KAYA, XEM or other Mosaic tokens.

Receive KAYA Mosaic NEM XEM wallet 4

 

5. Once the transaction is initiated and confirmed on the blockchain, the Dashboard will be updated with the transaction details. For example, in the screenshot below you can see 100 KAYA Mosaic tokens are received.

Receive KAYA Mosaic NEM XEM wallet 5

 

And it is that simple!

In our next guide we’ll show you how to send KAYA, XEM and other Mosaic tokens using your NEM Nano Wallet.

 

Please reach out to us on the LATTICE80 KAYA Network Telegram group in case you face any difficulties and someone will help you out. Link: https://t.me/joinchat/D8LUaVHkAu_jJs8b15CSSw

 

 

SmartPesa launches Southeast Asia’s first Android POS solution

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SmartPesa (Fintech DB Profile) announced today the launch of its Android POS solution in Southeast Asia.

With the fragmentation of point-of-sale (POS) solutions, many merchants are faced with the need to invest in multiple payment technologies.

SmartPesa’s Android POS solution focuses on the merchant experience by simultaneously catering to card and wallet checkout. Android POS allows for a richer merchant experience and streamlined updates to user interface. The modern payment acceptance supports card payment schemes including VISA, MasterCard, UnionPay and JCB debit and credit cards, as well as mobile wallets including OVO wallet.

Beyond payments, the new Android POS ecosystem also brings value-added services and operational efficiency to merchants:
Merchants can quickly process card and QR payment services
– Access to rich loyalty schemes for point reward, coupons, cashbacks and redemption
– Support for cash register (ECR), Cloud point-of-sales, and pay-at-table solutions
– Digital receipt management with full searchable transaction history
– Streamlined reconciliation for business owners

SmartPesa operates its merchant acquiring solutions in Indonesia in conjunction with Visionet in the brand-name Mobey, a PCI-DSS compliant bank grade payment service. Mobey empowers the merchant to confidently accept digital payments, anytime access to their full transaction history, drill down into always available receipts, and provide a better customer payment experience. Cloud point-of-sales including MetaPOS, and others in the pipeline, run directly on Android POS for retail inventory and checkout.

“We are excited to cooperate with SmartPesa who has taken the lead to bring our modern A920 terminal to Indonesia, and simplified the deployment across the region,”,” said Eric Li, regional sales director of Asia Pacific at PAX “In combination with the ecosystem and value-added services powered by SmartPesa’s technology, our Android A920 gives merchants in Indonesia a cost-effective and efficient solution designed to meet their payment needs.”

“With the Android POS ecosystem providing new functions and management capabilities, not only do we give merchants and customers a frictionless payments experience, but we have an enormous wealth of data from the usage of the system. This streamlines reconciliations and dispute resolution by giving merchants greater transparency on their digital acceptance, both on card and QR payments” said Barry Levett (Fintech DB Profile, Co-founder and CEO of SmartPesa.

Fintech in Hong Kong

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The Chief Executive, Mrs Carrie Lam, speaks at the opening ceremony of the Belt and Road Conference today (September 28). The conference was organised by the Law Society of Hong Kong.

Hong Kong has since claimed its spot as a global leader in the Fintech space in the last two years, positioning itself as the gateway to China’s tech giants. Private investments in Hong Kong Fintech firms have reached US$546 million in 2017, more than double from 2016’s US$215.5 million and five times its 2015 investment of US$107.5 million. Government investments is set to reach HK$500 million – a provision from its 2018 budget for the development of the Fintech, Green Finance, Talent and other aspects of Financial Services — for the next five years.

The city now hosts over 300 Fintech Startups, three Fintech sandbox cases and three Fintech-focused Accelerators. Thanks to government support, clear finance regulations, a sophisticated financial ecosystem based on excellent technical infrastructures, Hong Kong offers itself up as an exciting hub for local and global Fintech startups and enthusiasts.

A Sophisticated Financial Ecosystem

Hong Kong is a uniquely strategic location on its own. Its geopolitical relationship with China and geographic proximity to the rest of the Asia makes it a center of logistics and communications. The city is a sophisticated financial ecosystem made up of a huge network of customers, investors and funding opportunities – all within the top fifth easiest place in the world to do business. It connects Mainland China to global markets, and puts companies in close proximity with China’s fintech leaders and giants like Alibaba, Tencent and Baidu.

At the core of it all are advanced technological infrastructures that drive Fintech solutions and innovations. Hong Kong has the world’s second-fastest Internet speed with high broadband and smartphone penetration among its population.

Clear Finance Regulations and Policies

Government and financial institutions Hong Kong Monetary Authority (HKMA), Hong Kong Securities and Futures Commission (SFC) and Insurance Authority (IA) create platforms that enhance communications between regulators and the larger Fintech community, keeping all parties up-to-date on regulations, new developments and more.

Charles d’Haussy, who heads the fintech division of InvestHK, points out that startup firms appreciate the clarity in Hong Kong’s regulations in finance. Entrepreneurs can easily follow public regulations and avoid bureaucracy. For Chinese firms especially, Hong Kong’s regulatory, language and product requirements get products ready for overseas markets.

Investment in Talent

The city offers a large and growing pool of local and international talent in finance, entrepreneurship and STEM (science, technology, engineering, mathematics). Hong Kong’s institutions for higher learning are well-respected across the global. For example, the Hong Kong University of Science & Technology was ranked 4th in Asia in the 2015-16 QS World University Rankings. The Hong Kong University of Science & Technology’s EMBA programme ranked second in the Financial Times EMBA Rankings 2015.

Hong Kong has strong commitments to develop its pool of Fintech talent to meet the growing needs in the space. Innovation labs in academic institutions give FinTech firms access to new technologies and innovations. HKMA and ASTRI’s Fintech Career Accelerator Scheme will provide internships to Fintech undergraduate and postgraduate students within affiliate banks and universities. Universities are also set to offer Fintech courses under Engineering and Science programmers.

Belt and Road Initiative

At the Belt and Road Summit in June 2018, Chief Executive Carrie Lam Cheng Yuet-ngor emphasized Hong Kong’s advantage to be a powerful connection point and free trade champion for Belt and Road countries. China’s Belt and Road initiative was rolled out by President Xi Jinping in 2013 to significantly expand trade and infrastructure links across seventy-one (71) South-east Asian, Eastern Europe and African countries. Similarly, experts are recognizing Fintech to be a pioneering sector in the initiative. Given its strategic banking position, Fintech expertise and experience, Hong Kong is the perfect hub for regional developments and disruptive technologies to come together.

Additional References:
http://kayanet.lattice80.com/startup-list/country-wise/Hong%20Kong
https://www.investhk.gov.hk/en/industries/fintech.html
http://www.hongkong-fintech.hk/en/news/fact-sheet-hong-kong-fintech-landscape.html
http://www.hongkong-fintech.hk/en/why/hong-kongs-unique-advantages.html
https://www.straitstimes.com/asia/east-asia/hong-kong-jockeys-to-be-asias-top-fintech-hub
https://hkmb.hktdc.com/en/1X04CN4Z/multimedia/Fintech-and-Belt-and-Road-A-Perfect-Fit

Fintech Savings platform HelloGold’s token (HGT) receives Shariah certification

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  • HelloGold recognised by The World Economic Forum ASEAN 2018 for its dynamism and innovative contribution to financial and economic inclusion

Fintech savings platform HelloGold has received Shariah certification for the HelloGold Token (HGT). The Fatwa was issued by the Shariah Supervisory Board of Amanie Advisors, which has extensive experience advising on Shariah-compliant financial products. Amanie Advisors determined that HGT is a Shariah-compliant ERC20 token and observes the necessary Shariah requirements and principles. This is the third HelloGold product to be deemed Shariah compliant.

Earlier this year, HelloGold launched the world’s first tokenised gold product, GOLDX, an ERC20 token representing ownership of fully allocated investment grade gold on the blockchain. In 2017, HelloGold also launched the first Shariah compliant mobile app, available on Android and iOS, allowing users to turn their savings into fully allocated gold, easily and securely.

Amanie Advisors provided their expertise for Shariah compliance of all three HelloGold products and will continue to work closely with HelloGold to ensure that all its current and future products are Shariah compliant. Shariah compliance makes HelloGold’s financial products and services more accessible to the underserved and unbanked for all communities in emerging markets.

In recognition of its commitment to financial inclusion and the positive impact on families and economies, HelloGold was recognised at the recent The World Economic Forum ASEAN 2018 in Hanoi Vietnam. HelloGold was chosen by a panel of judges from start-up accelerators, venture capital funds, technology experts and media leaders, for its dynamism and innovative contribution to financial and economic inclusion.

Blockchain has the potential to change the financial landscape particularly with regards to cheaper, quicker and more transparent processes. These attributes are consistent with the Islamic view on finance, that money should be circulated for business, for good, and in an ethical manner. Muslims form a quarter of the global population, making Islamic finance a key element of the global financial inclusion agenda. 1.2 billion unbanked Muslims present a massive opportunity worth $ 3.2 trillion, in banking the unbanked, and in stimulating financial and economic growth across regions.

“HelloGold uses blockchain technology to enable our customers to access affordable financial products and services starting with gold. Our mission is to democratise asset-based savings and lending products for the underserved and the unbanked in emerging markets through digitization. Shariah compliance crucially ensures no one is excluded regardless of religion and culture”, HelloGold’s CEO, Robin Lee said in a statement.

HelloGold’s products revolve around a unique business model which allows users to buy and sell gold and eventually other financial assets, using an app. Gold is placed in secure, insured vaults in locations like Singapore and soon, in Dubai, and can be used for savings or as collateral for loans. With a strong presence in South East Asia, HelloGold’s mobile app is the world’s first shariah-compliant fintech gold app used to buy and sell gold.

“We want to empower innovative solution providers like HelloGold, in the field of Islamic finance with our specialization in a wide range of financial services, including Shariah advisory and consultancy. More and more banking institutions are embracing shariah to reach those who remain excluded from conventional bank accounts and investment opportunity, and it’s a great step towards financial inclusion”, stated Datuk Dr. Mohd Daud Bakar, Amanie Advisors founder.

HelloGold has more than 85,000 downloads. Being awarded as IRBA’s Most Innovative product, HelloGold plans to expand in the Middle East soon. Clearly the financial services sector offers a promising use case for blockchain to emerge, allowing accessible, frictionless, decentralized and cost-effective products and services.

The Chain of Change [Part 4]

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Impact Blockchain is LATTICE80’s initiative to bring technology and community together to create solutions with social impact. Industry experts early on have recognized the potential for blockchain to transform how transactions are created and processed across industries and between businesses and individuals, thanks to a secure and distributed way of recording and sharing data in decentralized networks.

In this four-part series, we look into how the blockchain platform can help achieve UN’s 17 Sustainable Development Goals “to end all forms of poverty, fight inequalities and tackle climate change, while ensuring that no one is left behind.” The 17 SDGs are part of the 2030 Agenda for Sustainable Development, a 15-year plan adopted by 193 world leaders in the September 2015 summit that enjoins all countries “to promote prosperity while protecting the planet”.

This fourth and last installment takes on the last five goals of the 17 SDGs. Goals 13, 14 and 15 focus on reversing climate change. Goals 16 and 17 focus on fostering partnerships among nations to sustain any progress achieved in this 15-year plan.

Click here for the first, second and third parts of this series.

Goal 13: Take urgent action to combat climate change and its impacts

Increasing global temperature, extreme weather conditions and changing weather patterns are some of the impacts of climate change we see and feel everyday. Ongoing emissions of greenhouse and carbon gases at its current concentration in the atmosphere ensure that the earth is still about to get warmer, causing oceans to warm, glaciers to melt and ultimately, sea levels to rise. The extreme and unpredictable weather conditions cause losses in the hundreds of billions of dollars. With the warmer climate, on the other hand, yields from grain and other major crops have significantly declined. Clearly, the impacts of climate change are threatening human life in more ways than one, and can wreak irreversible consequences unless we all act now.

What can blockchain do to encourage climate action?

As a global response to the threat of climate change, countries adopted the Paris Agreement in December 2015 where everyone agreed to work towards limiting global temperature rise to well below 2 degrees Centigrade. Investments in clean energy can definitely reduce carbon emissions from fossil fuels. “As countries, regions, cities and businesses work to rapidly implement the Paris Climate Change Agreement, they need to make use of all innovative and cutting-edge technologies available. Blockchain could contribute to greater stakeholder involvement, transparency and engagement and help bring trust and further innovative solutions in the fight against climate change, leading to enhanced climate actions,” said Alexandre Gellert Paris, Associate Programme Officer at the United Nations Framework Convention on Climate Change (UNFCC).

Blockchain can be leveraged as a platform to provide transparency, efficiency and cost reduction in trading and reporting. IBM and Energy Blockchain Lab, for example, are working to develop a blockchain-based system for trading and recording carbon assets in China that would ensure transparency in the trade and guarantee transactions are valid and processed efficiently. A great boost in the use of clean and renewable energy are blockchain-based solutions that allow consumers to buy and sell energy in smaller quantities through tokens or digital assets. Power Ledger, Grid+ and LO3 Energy are only a few of the several existing P2P energy trading projects we have today. Moreover, the technology can be used to track and report greenhouse gas (GHG) emission reductions and monitor progress under the Paris Agreement.

Goal 14: Conserve and sustainably use the oceans, seas and marine resources

Our oceans, seas and marine resources provide us with the most basic things we need to live like water and food, and even the oxygen we need to breathe. Our rivers and water ways are where ancient cities once begin to emerge and flourish as vital channels of trade and transportation.

However, pollution and acidification is deteriorating our waters and threaten to destroy marine ecosystems and biodiversity. Incorrect fishing practices contribute to the rapid depletion of many fish species.

What can blockchain do to help conserve our oceans and marine resources?

Blockchain provides a platform for a more transparent transport, tracking and reporting of fish throughout the supply chain. Tokens and cryptocurrency offer investment and earning opportunities in rewarding sustainable actions such as recycling and proper waste disposal.

In Viant’s blockchain-based certification system, a collaboration with the World Wide Fund for Nature (WWF), fish are tagged with a QR code identifier and registered in the system right after being caught. This allows the fish to be tracked and followed from the distributor to the restaurant that served it, allowing verification if the fishing harvest came from a sustainable fishery.

Blockchain’s efficient tagging and reporting capabilities can also help enforce quotas on fishing ships to discourage illegal fishing.

Cryptocurrencies and digital tokens like NatureCoin and Plastic Bank’s Social Plastic incentivize users for their sustainable actions and ultimately connect individuals with their environmental causes. NatureCoin rewards users when they recycle plastics, tins and cans. Plastic Bank monetizes plastic waste exchanged in their designated collection centers.

Goal 15: Sustainably manage forests, combat desertification, halt and reverse land degradation, halt biodiversity loss

Nearly 31 percent of Earth is land and is home to millions of animals, insects and plants that provide most of the resources we need to live. Plants provide 80 percent of human diet and crops such as rice, corn and wheat provide 60 percent of energy intake. About 1.6 billion people depend on forests for their livelihood while some 2.6 billion people live on agriculture. Forests not only provide habitat to millions of species, but are also important sources of clean air and water, and even medicine. Forests and mountains are crucial land structures that shield from weather disturbances and even neutralize effects of climate change.
Deforestation, desertification and illicit poaching and trafficking of wildlife threaten the health of our planet and communities. Deforestation and forest degradation destroys habitats for all species, decreases freshwater quality, increases soil erosion, and results to higher emissions of carbon into the atmosphere. Eight percent of the 8,300 animal breeds are now extinct and 22 percent are on the brink. We continue to lose 12 million hectares of arable land each year due to drought and desertification.

What can blockchain do to help sustainably manage forests?
Protecting the trees and forests is the biggest action we can take. Blockchain can help in tracking, monitoring and reporting the origin of wood products to discourage and sanction illegal logging activities. Transparent supply chains for forest products such as palm oil, beef, or lumber, to name a few can likewise encourage huge firms to buy commodities from responsible suppliers. Blockchain-based solutions for trading and tracking carbon can be both time and cost efficient.

Goal 16: Promote just, peaceful and inclusive societies

Sustainable development can only be achieved within peaceful, just and inclusive communities. Without peace, stability, respect for human rights and effective governance, we continue to live in an increasingly divided world. High levels of armed violence, crime, sexual exploitation, and corruption threaten a nation’s economic and social development; lack of access to justice perpetuate long standing grievances that can last for generations.
To achieve our SDGs, we need effective and inclusive public institutions that can deliver basic services, quality education and healthcare, fair economic policies and inclusive environmental protection. People should be able to live, work and contribute to society without fear from any form of violence, abuse or discrimination.

What can blockchain do to promote peace, justice and strong institutions?

Blockchain’s decentralized ledger technology can be used to hold vast amounts of data such as public records, personal identifications and other documents that can serve as immutable proof of ownership or validity. This can settle disputes over land or any property of value over which conflicts and disputes usually arise.

Unethical electoral processes can perpetuate corruption in governments. A step towards establishing effective governance are voting solutions such as the one developed by Horizon State and iVote.org.au on blockchain. Built on a secure digital ballot box that cannot be hacked, where results cannot be altered and voter identities are protected, voters can freely exercise their right to vote.

Goal 17: Revitalize the global partnership for sustainable development

If there is one key in achieving all the 17 Sustainable Development Goals, it will be partnerships. Everyone needs to come together – governments, civil society, scientists, academia and the private sector from both developed and developing countries – to achieve the universal aim of ending poverty, fighting inequalities and tackling climate change.

The technology today enables us to be more interconnected with each other. We are able to share ideas and foster innovation with our access to all the information and knowledge from anywhere and everywhere in the world. Coordinating policies to help developing countries manage their debt, promote investment for the least developed can help achieve sustainable growth and development.

Our 17 goals can be attained and sustained by mobilizing existing and additional resources; developed countries will need to fulfill their official development assistance commitments.

What can blockchain do to revitalize global partnership for sustainable development?

The very nature of blockchain and its applications such as cryptocurrencies is driven by community. Its use of smart contracts that creates authenticated transparency and security allow partnerships to thrive. Blockchain can be best applied on solutions that operationalize sharing economy where it can provide an efficient system of direct peer-to-peer transactions. A sharing economy is an inclusive and collaborative system that puts idle resources to profitable use.

References:
https://unfccc.int/news/how-blockchain-technology-could-boost-climate-action
P2P Energy Trading on the Blockchain
https://www.dogtownmedia.com/blockchain-saving-marine-life/
https://ecosphere.plus/blog/forests-and-blockchains/
https://steemit.com/blockchain/@geniusloci/how-blockchain-could-save-our-forests

The Malta Blockchain Summit edging closer

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malta blockchain summit

The long days of summer are officially over and the Malta Blockchain Summit is just around the corner.  From the 1st to 2nd November, over  5000 delegates, hundreds of investors, 100 speakers and 300 sponsors and exhibitors will converge on the Blockchain Island for premier networking opportunities and of-the-minute conferences.

With a sold out floor plan, global influencers in the block sphere will be in their element. The opportunity to debate the potential applications of blockchain and forge lasting connections reflects the pivotal role this island has established as the first regulated jurisdiction for crypto exchanges and blockchain application developers.

The summit will host four topical conferences covering the field’s regulation and investment, marketing and affiliation, fintech, tokenomics and cryptocurrencies, and blockchain for developers. Delegates can also expect a line up of high-profile speakers, with blockchain Co-Inventor W. Scott Stornetta and the innovative John McAfee leading the pack. Also lending prestige to the event is the Prime Minister of Malta, Joseph Muscat, who will inaugurate the regulatory conference.

The summit promises excitement for developers – an enticing €50k Hackathon prize is up for grabs and has already lured more than 250 registered teams, and individual developers to the Blockchain Island event.

An ICO Pitch is also on the books and has generated excitement amongst start-ups looking to gain a foothold in the industry.

Blockchain developers and affiliates gain free entry to the Malta Blockchain Summit, whilst those needing tickets still have a window of opportunity before ticket prices triple on October 1st.

With just weeks to go, the Malta Blockchain Summit is already on its way to filling its promise to becoming a landmark event in the global blockchain calendar.

For more info visit www.maltablockchainsummit.com

Interview: Emerson Fonseca – NEM Philippines

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Emerson Fonseca NEM Philippines blockchain LATTICE80
Head of NEM Philippines, President

Emerson is Head of NEM Philippines and President and CEO of Coin Sessions PH. He advocates for a wide adoption of blockchain in the Philippines by educating people on the technology and works with clients and fellow advocates on building blockchain-based solutions for enterprises and businesses. In this interview with LATTICE80, Emerson shares his thoughts on the many opportunities in the Philippine’s horizon for blockchain thru NEM.

LinkedIn: https://www.linkedin.com/in/emerson-fonseca-7114048a
Twitter: https://twitter.com/cryptofonzy
Company website: https://nem.io/
NEM Philippines Facebook Group: https://www.facebook.com/groups/nemph/

What is NEM in a nutshell?

NEM is an out-of-the-box enterprise-grade blockchain platform launched in March 2015. NEM has industry-leading blockchain features which include multisignature account contracts, customizable assets, a naming system, encrypted messaging, and an Eigentrust++ reputation system. Companies with legacy systems can “plug ‘n play” with NEM.

How have your education and experiences prepared you for your role at NEM Philippines?

I am a graduate of Industrial Engineering and worked for different industries and big multinational companies for 10 years prior jumping into Blockchain and joining NEM on September 2017. I have been involved from smaller scale to larger scale projects during that time. With that level of responsibility and understanding on how to make and deal business opportunities, and most importantly providing solutions to customers, the needful of using Blockchain as a solution to some of the current problems that we are encountering as an individual, on an enterprise level or government sector can be easily delivered with the help of the NEM Philippines team and with the ease of use of the NEM Blockchain Technology.

What do you think are the opportunities for fintech industries and blockchain technology in the Philippines

In terms of blockchain adoption, there are a notable bright spots.

  • Increasing blockchain startups
    Some notable startups in the Philippines are Tagcash, Qwikwire, Coins.ph, LoyalCoin, and Salarium
  • Establishment of Blockchain Association of the Philippines
    Established last May 21, the association seeks to spread understanding and adoption of blockchain technology among Filipino entrepreneurs and fintech professionals. Justo Ortiz was appointed as chairman of the association. He is the chairman of Unionbank.
  • Unionbank as an early adopter
    Unionbank’s move could push for other banks and other players from different industries to adopt blockchain technology.

These developments and bright spots in the blockchain landscape in the Philippines, fintech industries, and blockchain technology in the country have more chances to blossom and thrive.

What opportunities are there for NEM in the Philippines?

There are a lot of opportunities for NEM in the Philippines. Currently, it is focused on establishing more partnerships and disseminating important information about the power of the NEM blockchain.

Businesses and industry players are strategic opportunity targets that could drive NEM’s growth in the country. These players are aware of the changes in the global business landscape and see windows of opportunity in this new thing called blockchain technology. With the growing demands of digitalization, connectivity, and smart systems, NEM can leverage itself as the blockchain solutions provider for their technological needs.

Case in point, Unionbank has engaged in adopting blockchain technology in their B2B payments system. Even though they are using Ethereum as their platform, it shows that an industry player as big as Unionbank is trying to explore the power of blockchain. NEM sees this as an opportunity and aims to target other players to offer and demonstrate why they should the use blockchain and choose NEM as their platform.

Another opportunity that NEM wishes to seize is the government (e.g. BSP, DOF, DBM, SEC etc.). While there are still tremendous barriers to entry and heavy skepticism among these public institutions, especially with the nature of cryptos that can affect money supply and liquidity, blockchain technology in itself could help in the provision of certain public goods and more efficient and cost-effective government services. It may take a while for the government to find value in this technology, but nonetheless, the government is an important market that NEM taps. The bright side is that NEM has already reached out to the government to try to develop use cases that they can implement/integrate in their systems. CEZA is one of them.

How can NEM help Filipinos and the Philippines?

Through NEM’s partnership with CEZA and other educational institutions such as the Ateneo and La Salle, NEM aims to create an innovation system where blockchain is at the nexus. Promoting the NEM blockchain technology and equipping more people with technical skills would increase human capital, productivity, and competitiveness of Filipinos.

Through the trainings, forums, hackathons, and workshops that NEM is conducting, more and more Filipinos are becoming aware of the endless possibilities and innovative, profitable, and sustainable solutions that can be done with the NEM blockchain.

In another level, should NEM be able to convince more businesses and government institutions to adopt the NEM blockchain, more efficient and more competitive goods and services will be offered to the Filipinos.

In these respects, NEM will be able to impact the Filipinos and the country.

In all these, NEM simply aims to be the blockchain technology platform that drives and powers innovative and sustainable blockchain solutions to real-world problem by fostering a vibrant ecosystem of users and developers in governments, academia, industry, and the public at large.

World’s Largest Decentralized Application Ecosystem Gifto Partners With NEM

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Gifto (www.gifto.io), the world’s largest blockchain-based decentralized application (dApp) ecosystem, today announced a partnership with NEM (www.nem.io), a leading blockchain application platform. Through this partnership, Gifto will over the next several months test the NEM blockchain for improved scalability for some of its blockchain-based services, compared to its current Ethereum architecture.

“Gifto is one of the few projects in the blockchain space demonstrating user growth and real utility. In order to maintain a great user experience on our platform, we are constantly evaluating new blockchain technology beyond Ethereum, and NEM has promising solutions to some of Gifto’s needs,” said Andy Tian, CEO, and Founder of Gifto and Asia Innovations Group.

“We built the NEM blockchain platform from the ground up to outperform competing services in all facets,” said Steve Li, NEM China Regional Head. “Our partnership with Gifto helps NEM reach a new user base, and we look forward to collaborating with their team.”

NEM’s blockchain platform was designed and coded from the ground up for scale and speed. Its permissioned, private blockchain delivers industry-leading transaction rates for international ledgers. Additionally, its revolutionary consensus mechanism ensures NEM’s open, public blockchain can grow without compromising throughput or stability.

LATTICE80 FinTech India 50 – Top Influencers

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fintech influencers india lattice80

Earlier this year, LATTICE80 shared a report on the top FinTech startups in India for our global FinTech community to get to know the market better.

The unbanked population in the went from about 557 million in 2011 to around 233 million in 2015, a period of 4 years according to a report by Internet and Mobile Association of India (IAMAI) and Payments Council of India (PCI). A later report by the World Bank in April 2018 puts the number of the unbanked population in India at 190 million, second largest in the world, while China is the largest with 225 million people still without a bank account.

The above numbers give a very clear picture of the opportunity in these markets, where despite intensive efforts, financial inclusion remains a challenge.

Blockchain startups from India that have global reach still remain only a handful – mostly exchanges and me-too platforms/solutions have been active. The ongoing ban on regulated entities prevents financial institutions from providing services to individuals or businesses dealing in cryptocurrencies has resulted in a severe lack of liquidity for trading by cutting off the fiat currency INR from the system to an extent.

After prepaid wallets, online and offline payments, lending solutions, the market in India is seeing a rise in investment and finance management products for young Indians. Paytm Money launched earlier this month with an offering of ‘all schemes and direct plans from 25 mutual fund houses, including all large fund houses, that cover around 90% of the industry’s ₹22 trillion worth of assets under management’ according to Livemint. The company will be targeting 100% coverage across all fund-houses.

Scripbox, ClearTax are among the existing leaders of the investment and finance management category thus far. Paytm Money also plans to introduce a stock trading feature, a category currently led by FinTech startup and stock broker Zerodha which claims 8% of all trading volume across the 3 leading Indian exchanges. Insurance broking startups Acko and Coverfox offer a convenient interface for an average retail buyer, allowing comparison and purchase of insurance plans along with assistance in claims processing.

These solutions and products are led by exceptional leaders who are presently guiding the Indian FinTech market through a phase of rapid adoption. LATTICE80 KAYA Network, presently in Beta, is tracking over 450 FinTech & Blockchain companies within India.

LATTICE80 has put together this report on the top Fintech influencers in India you need to watch for developments in the Indian FinTech ecosystem.

In case you wish to suggest a correction to this report or suggest any updates to our database, please write to satyarth@lattice80.com.

lattice80 top fintech influencers india

Influencers India Name Title Company Profile
Abhijit Bose CEO Ezetap Mobile Solutions lattice80 india top fintech influencers linkedin
Abhinav Ramesh Founder WandX lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Abhishek Agarwal Co-Founder & CEO CreditVidya lattice80 india top fintech influencers linkedinlattice80 top fintech influencer india kaya network
Amit Goel Founder Let’s Talk Payments lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Amit Shah Senior President & Country Head YES Bank lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Anish Achuthan Co-founder and CEO Open Financial Technologies Private Limited lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Ankit Ratan Co-Founder Signzy lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Anshul Rai Co-founder Happay lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Archit Gupta Founder & CEO ClearTax lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Ashish Goyal Co Founder and CFO EarlySalary lattice80 india top fintech influencers linkedin
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Ashok Kumar E R CEO & Co Founder Scripbox lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Aurko Bhattacharya Founder ePaylater lattice80 india top fintech influencers linkedin
B. Amrish Rau CEO PayU Money (PayU India) lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Bipin Preet Singh Founder & CEO MobiKwik lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Dilip Asbe MD & CEO National Payments Corporation of India lattice80 india top fintech influencers linkedin
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Gowri Mukherjee Co-Founder CreditMantri
lattice80 india top fintech influencers linkedinlattice80 top fintech influencer india kaya network
Harshil Mathur CEO & Co-Founder Razorpay lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
J A Chowdary SCS and IT Advisor to CM Government of Andhra Pradesh lattice80 india top fintech influencers linkedin
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Jitendra Gupta MD PayU Credit lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Jonathan Bill Founder & CEO CreditMate lattice80 india top fintech influencers linkedin
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Karthik Iyer Founder BlockchainMonk lattice80 india top fintech influencers linkedin
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Karthik Raghupathy Head, Strategy & Planning PhonePe lattice80 india top fintech influencers linkedin
Krishnan Vishwanathan Founder & CEO Kissht lattice80 india top fintech influencers linkedin
Kunal Varma Co-founder MoneyTap lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Lizzie Chapman Founder ZestMoney lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Manish Lunia Co-Founder FlexiLoans lattice80 india top fintech influencers linkedin
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Manish Patel Founder & CEO Mswipe Technologies lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Mavila V Nair Chairman CIBIL; SWIFT India lattice80 india top fintech influencers linkedin
Mohammed Saleem Founder & CEO Trescon – World Blockchain Summit, World A.I. Summit lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Mohit Bhatnagar Managing Director Sequoia lattice80 india top fintech influencers linkedin
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Mukul Sachan Co-Founder Lendingkart lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Nithin Kamath Founder & CEO Zerodha lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Prashanth Ranganathan Founder & CEO PaySense lattice80 india top fintech influencers linkedin
Pravin Jadhav Director Paytm Money lattice80 india top fintech influencers linkedin
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Premanshu Singh CEO Coverfox lattice80 india top fintech influencers linkedin
Rahul Chari Founder & CTO PhonePe lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Ranjit Punja Co-founder CreditMantri lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Sampad Swain Co-Founder & CEO Instamojo lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Sashank Rishyasringa Co-founder Capital Float lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Sathvik Vishwanath Co-Founder & CEO Unocoin lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Satyarth Mishra Marketing and Research Analyst LATTICE80 lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Shashank Kumar Co-Founder Razorpay lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Sujith Narayanan Country Business Head Google Pay (Google Tez) lattice80 india top fintech influencers linkedin
Suresh Sethi MD & CEO India Post Payments Bank lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Upasana Taku Co-Founder MobiKwik lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
V. Raman Kumar Founder & Chairman CASHe lattice80 india top fintech influencers linkedin
Varun Dua Founder Acko General Insurance lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Varun Mittal ASEAN Fintech Lead EY lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencers
Vijay Shekhar Sharma Founder & CEO One97 Communications (Paytm) lattice80 india top fintech influencers linkedin
twitter lattice80 blockchain fintech india influencerslattice80 top fintech influencer india kaya network
Vikas Kumar Co-Founder & CTO LoanTap lattice80 india top fintech influencers linkedin

 

 

Published: 26 September, 2018