Technology Archives - Blockchain Insider https://bcinsider.my/category/technology/ Blockchain, Bitcoin, Money Thu, 21 Jan 2021 13:30:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://bcinsider.my/wp-content/uploads/2020/11/cropped-logo-favicon-blockchain-insider-32x32.png Technology Archives - Blockchain Insider https://bcinsider.my/category/technology/ 32 32 DeFi and Asset Tokenization https://bcinsider.my/defi-and-asset-tokenization/ Thu, 21 Jan 2021 13:30:15 +0000 http://bcinsider.my/?p=1275 DeFi and Asset Tokenization. Opportunities and challenges co-exist side by side. Yin Yang.

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Opportunities and challenges co-exist side by side. Yin Yang.

And as we move, thank God that the universe is providing us the answer piece by piece, one at a time, every right things happen at the right moment.

Reading Notes:

Yes, there are no ready-to-go legal models built for corporates to attract or borrow funds from DeFi protocols on the market today.

But it’s possible to build one with minimal effort, as the benefits of DeFi borrowing easily cover the efforts of building such a system.

DeFi might be able to provide borrowing on perfect terms for corporate institutions, which is something that might make them consider entering the market.

Meanwhile, corporate institutions will be willing to provide several types of stable assets to be used as collateral for their loans.

However, there is a real need for real-world assets to be used as collateral in DeFi protocols to prevent more market falls in the future, fixing the over-collateralization issue along the way.

Opinion from the author:

Until new regimes for the offering of tokenized instruments are built (and there are no bright signs in this direction), I believe real-world assets tokenization in a form of an STO will still be limited to closed offerings with no attention from the global market.


Artem Tolkachev is the founder and CEO of Tokenomica. For over six years, Artem has been a key blockchain and tokenization opinion leader in the CIS region. Since 2011, he has been an intellectual property and information technology lawyer and entrepreneur. In 2016, Artem founded and headed Deloitte CIS Blockchain Lab. As part of that initiative, he led a range of innovative projects involving the implementation of enterprise blockchain solutions, tokenization of real-world assets, tax and legal structuring of security token offerings, development of cryptocurrency, and blockchain legislation.

https://cointelegraph.com/news/why-defi-plus-asset-tokenization-will-take-crypto-to-new-heights

Notes: Less regulatory uncertainty, a developed market infrastructure, and less risk surrounding security will bring the crypto market cap to $2T and above.

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Understanding Bitcoin or Simply Buy Sell? https://bcinsider.my/understanding-bitcoin-or-simply-buy-sell/ Wed, 20 Jan 2021 04:50:44 +0000 http://bcinsider.my/?p=1256 Déjà vu. The say blockchain is the internet, all over again. Some truth in it.

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Déjà vu.

The say blockchain is the internet, all over again.

Some truth in it.

Back then, nearly 20+ years ago, when we told people we develop web-based retail management system, we got questions like

“How much is a PC now ah? Which PC brand is the best to buy now?”

Vague among hardware, software, and world wide web / internet, so to speak.

Recently, the questions we got become something like

“Bitcoin (still) can buy or not ah? Any alt coins can recommend ah?”

Vague among blockchain, bitcoin, and money.

From transfer of information to transfer of value.

Few understand. And I still learning.

p/s: Thank God for the blessings to have able to write something about this few years back. (Links below).

Information are free.

It’s what we do with the knowledge we gain that matters.

God bless and all the best.

DYOR – Do Your Own Research

Chapter 1: Blockchain, Bitcoin, Money

To explore Blockchain,
you need to study Bitcoin.
To understand Bitcoin,
you need to know what is money and how it works.

Chapter 2: The Name of The Game

All things blockchain, ledger technology, and cryptocurrencies.

If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.

I don’t know the future.

I didn’t write this to tell you how this is going to end.

I write about how it all begins.

I’m going to show you a world without boundaries. A world where anything is possible.

Where we go from here is a choice I leave to you.

Chapter 3: Smart Money

What we have now is truly borderless, programmable money
backed by immutable computer systems based on pure logic & mathematics.

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Bitcoin, Digital Gold 2.0? https://bcinsider.my/bitcoin-digital-gold-2-0/ Thu, 07 Jan 2021 07:03:00 +0000 http://bcinsider.my/?p=1237 Amount of gold is not finite as people tend to believe. Bitcoin is transparently finite, pure mathematics and logic verifiable via public ledger.

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Simply math and logic, decentralized, limited supply, institutional FOMO…

Bitcoin’s immutable monetary policy makes it a very attractive contender for better money… if not the best. #FewUnderstand ~ Jason Chew, Bitcoin Malaysia #1 Group

If Bitcoin (BTC) is destined to be
the digital gold,
this is the gap it has to / is going to fill.

Screenshot from https://8marketcap.com/

Supply and Demand

Amount of gold is not finite
as people tend to believe.

Bitcoin is transparently finite,
pure mathematics and logic
verifiable via public ledger.

Originality and Scarcity

Gold is scarce,
but it will never be ‘provably’ scarce.
Few understand the difference.

As Bitcoin becomes more mainstream
people are starting to understand
why the underlying technology
is so groundbreaking and
it is this hard cap of 21 Million bitcoins
that separates it from anything
the world has ever seen before.

Originality creates value.
Scarcity protects it.

从短期来看,比特币经历了从计算机代码逐步演变为准国际货币的过程,比特币占国际储备份额可能升至1%左右,比特币的合理价格在6000至7500美元左右。

从中期来看,比特币占国际储备份额比重可能升至日元的水平,那么比特币的合理价格在2.3至3万美元左右。

长期来看,如果比特币有机会发展成为最重要的国际储备货币,那么比特币的价格可能升至40万美元以上。

比特币的出现表明区块链要得到关注,但比特币不要随便进入,因为这些新生事物都有很大的不确定性。

DYOR – Do Your Own Research.

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Blockchain Technology & IoT, Linking Medical Research To Healthcare Industry https://bcinsider.my/blockchain-technology-iot-linking-medical-research-to-healthcare-industry/ Sun, 20 Dec 2020 11:51:00 +0000 http://bcinsider.my/?p=1210 Webinar Series 3.0 @ INFORMM by Institute for Research in Molecular Medicine, Universiti Sains Malaysia at Universiti Sains Malaysia Kampus Kesihatan.

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Webinar Series 3.0 @ INFORMM by Institute for Research in Molecular Medicine, Universiti Sains Malaysia at Universiti Sains Malaysia Kampus Kesihatan.

December 21, 2020, 10am-11am

Some of the benefits blockchain will bring to the healthcare industry includes faster payment along the value chain (either payment to vendors in supply chain or payment to patients in medical insurance claims etc.), and tamper-proof audit trails for administrative or regulatory purposes.

Shorter or instant payment time because everybody is using the same ledger, thus no reconciliation needed.

Tamper-proof because blockchain promises immutability to verified data.

Blockchain Technology & IoT, Linking Medical Research To Healthcare Industry

The above file was presented in a webinar (through Webex) titled
“Blockchain Technology & IoT Linking Medical Research to Healthcare Industry” back in 21st December 2020, 10.00 am – 11.00 am GMT+8.

Video link: https://www.facebook.com/informm.usm/videos/1390535027783816

Thank you USM for hosting such a great webinar.

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Digital Assets, Timestamping & Copyright Protection https://bcinsider.my/digital-assets-timestamping-copyright-protection/ Sat, 24 Oct 2020 02:12:24 +0000 http://bcinsider.my/?p=1173 AntChain combines blockchain technology with AI to enable creators to securely authenticate and verify all kinds of original content — whether video, image-based or written material.

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Headlines

Reading Notes

China’s Ant Group releases digital copyright platform on AntChain

  • AntChain combines blockchain technology with AI to enable creators to securely authenticate and verify all kinds of original content — whether video, image-based or written material.
  • The platform generates a unique, tamper-proof digital copyright certification and notary stamp for each work that is uploaded into its database.
  • The certifications are designed to be valid for use in copyright infringement and tort cases.
  • The company claims that these services can save their users 95% in costs typically associated with obtaining copyright registration and certification.
  • AntChain’s platform incorporates digital ID and search services to help creators more efficiently track and detect possible copyright infringement.
  • Some 10 million original works are already being uploaded and certified each day on the new platform, according to AntChain.
  • AntChain’s platform generates smart contracts that record and automatically distribute revenue due to the network’s musicians and rights distributors.

Since 2015, when it began to work with blockchain solutions, Ant Group has developed its own increasingly sophisticated platforms that join the technology with AI and the Internet of Things, as well as backing blockchain research and development overseas.

https://cointelegraph.com/news/china-s-ant-group-releases-digital-copyright-platform-on-antchain

WordPress content can now be timestamped on Ethereum

The plugin, WordProof can help with copyright issues, proof of who created a piece of content, and to reassure readers it has not been altered.

  • Timestamping is important because it provides a unique fingerprint, or hash, for the latest version of the content which has been added to the blockchain.
  • This provides proof that the owner of the content created it, and it has not been edited or tampered with.
  • Additionally, the website has proof of publishing time, which can be used for potential copyright conflicts.

WordPress currently powers around 37% of all websites and has a 60% share of the CMS market.

The official WordPress site itself already has three pages of plugins categorized as crypto.

https://cointelegraph.com/news/wordpress-content-can-now-be-timestamped-on-ethereum

Case Study

The Audius White Paper: A Decentralized, Community Owned Music-Sharing Protocol

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Network Effect and Metcalfe’s Law https://bcinsider.my/network-effect-and-metcalfes-law/ Thu, 22 Oct 2020 09:15:38 +0000 http://bcinsider.my/?p=1166 Grab will not be what it is today if they wait for legal framework to settle down then only start doing things legally. Had you heard of DACSEE? Socar?

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Metcalfe’s Law After 40 Years of Ethernet

On Tech and Regulations

Grab will not be what it is today if they wait for legal framework to settle down then only start doing things legally. Had you heard of DACSEE? Socar?

  • Make things happen = Make that prototype 
  • Get things done = Proceed with further development and growth. Milestone after milestone.
  • Only result matter = Build a strong, sticky community

Then share experience and collaborate as much with authorities along the way, so they are well aware and informed that how things can (should) be done. 

Don’t make me think, don’t make me do extra work. Not just applicable to customers.

Manoeuvre between upstream, downstream, and within ecosystem is what makes business one of the most challenging entities.

Metcalfe’s Law and Uber

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Shifting Gears, Defi https://bcinsider.my/shifting-gears-defi/ Wed, 21 Oct 2020 10:00:49 +0000 http://bcinsider.my/?p=1181 Enterprise DeFi use could see a rise in 2021, but only if tokenization standards catch on with the mainstream.

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DeFi – Anything finance related that can be tokenized.

DeFi illustrates the power of smart contracts for financial services.

  • The age of corporate data-sharing
  • Tokenize invoices across supply chain
  • Safely synchronize data
  • Baseline as a Service
  • Blockchain agnostic
  • Ease of use
  • Cost of ownership

Blockchain as a middleware to serve as a single source of truth.

Shifting gears: Driving enterprise DeFi adoption through tokenization

Enterprise DeFi use could see a rise in 2021, but only if tokenization standards catch on with the mainstream.

https://cointelegraph.com/news/shifting-gears-driving-enterprise-defi-adoption-through-tokenization

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PwC’s Trillion-Dollar to Rethink Blockchain https://bcinsider.my/pwcs-trillion-dollar-to-rethink-blockchain/ Wed, 14 Oct 2020 03:52:50 +0000 http://bcinsider.my/?p=1133 Time for trust: The trillion-dollar reasons to rethink blockchain

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Time for trust: The trillion-dollar reasons to rethink blockchain

Blockchain technology has the potential to boost global gross domestic product (GDP) by US$1.76 trillion over the next decade.

The top five uses driving blockchain adoption

  1. Provenance (potential boost to global GDP by 2030: US$962bn)
  2. Payments and Financial Instruments (US$433bn)
  3. Identity (US$224bn)
  4. Contracts and Dispute Resolution (US$73bn)
  5. Customer Engagement (US$54bn)

Do any of the below apply to your organisation?

  1. Multiple parties share and view common data
  2. Multiple parties update and record data
  3. Verification of records is needed
  4. Intermediaries add costs and complexities
  5. Interactions are time sensitive
  6. Transactions depend on two or more parties

If your answer is ‘yes’ for four or more of these, blockchain could deliver for you and we can work with you on a plan to make it happen.

We’ll help you implement the plan and turn it into a reality.

And finally, we’ll be there after project delivery to support business change.

https://image.uk.info.pwc.com/lib/fe31117075640475701c74/m/2/434c46d2-a889-4fed-a030-c52964c71a64.pdf

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FYHS Alumni Tech Talk Series Sharing (Mandarin) https://bcinsider.my/fhys-alumni-tech-talk-series-sharing-mandarin/ Sun, 11 Oct 2020 13:17:47 +0000 http://bcinsider.my/?p=1158 Blockchain, Cryptocurrencies, Security Tokens – Reshaping the Future by FYHS Alumni Association in North America Date And Time: Sun, October 11, 2020, 9:30 AM – 11:00 AM +08 Location: Online Event TechTalk Series (Mandarin and English) Session #1 Blockchain, Cryptocurrencies, Security Tokens – Reshaping the …

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Blockchain, Cryptocurrencies, Security Tokens – Reshaping the Future by FYHS Alumni Association in North America

Date And Time: Sun, October 11, 2020, 9:30 AM – 11:00 AM +08

Location: Online Event

TechTalk Series (Mandarin and English) Session #1

Blockchain, Cryptocurrencies, Security Tokens – Reshaping the Future

TechTalk Series features many industry experts and their insights into the emerging, world-changing technologies, the opportunities that come with them, and ways they impact societies, governments, businesses, and individuals.

This session will provide the audience with

  1. The general concept of Blockchain.
  2. History and evolution – where we come from, where we are now, and where we could be heading.
  3. The relationship between blockchain, bitcoin, and money.
  4. Blockchain from technology and economic perspectives.
  5. Real-life examples of the applications, opportunities, and impacts.

HOST: Mark Mah 馬松文

Silicon Valley Technopreneur | Venture Partner | Investor at FRACSIO, REXZ AI, ZEELY AI. Growing tech ventures in Real Estate, Digital Media, Cross-Border E-Commerce, and more with Blockchain, DApps, DeFi, Artificial Intelligence, Machine Learning.

GUEST SPEAKER: How Tze Koh 高浩知

Co-Founder, Crypto Valley Malaysia | Author, Blockchain Insider | Tech Advisor | Futurist

GUEST SPEAKER: Dato Dr. Kevin Cho 曹耀群博士

Founder at BBAI (Blockchain Business Alliance International) 链商国际商业联盟 | Chairman at International Fintech Foundation (Yayasan Fintech Sedunia)

Full session video: https://www.facebook.com/foonyew/videos/3465863350118515/

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IBM’s Viewpoint On Blockchain https://bcinsider.my/ibms-viewpoint-on-blockchain/ Fri, 02 Oct 2020 04:16:59 +0000 http://bcinsider.my/?p=1097 Blockchain turns out to be a fast way to integrate business data, while using smart contracts for automation of workflows.

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Reading notes from article by RACHEL WOLFSON published on Cointelegraph.

Cross-company data-sharing using blockchain as the mechanism.

Blockchain doesn’t have to be a complicated, long-time project. That being said, we are mainly working on blockchain becoming the fundamental component of our hybrid cloud platform for collaboration and trust.

What blockchain uniquely provides is its ability for people to integrate and manage workflows that go outside of company boundaries.

Blockchain turns out to be a fast way to integrate business data, while using smart contracts for automation of workflows.

It creates the capability for collaboration and trust when organizations are dealing with multiple parties.

Private networks allow people to have visibility for the data they require yet still have a good degree of trust.

Atea ASA, an IT infrastructure provider for the Nordic and Baltic regions is using the IBM Blockchain network to connect seafood farmers with processors and retailers.

We are talking to people from the financial services world and supply chain sector where the word “blockchain” doesn’t even come up.

All these organizations care about is provenance, track and trace, and dispute resolution.

Basically, any place where there are multibank settlements and connections is where blockchain can be applied. We are also starting to see more experimentation and work with central banks looking to implement a digital currency.

There will be a lot of work needing to be done as these networks go from experimentation to fully functional. Organizations will have to figure out how to govern blockchain networks, how to audit them and how to talk to regulators.

https://cointelegraph.com/news/ibm-executive-says-blockchain-becoming-a-useful-real-business-tool

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