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DBA (Distributed Business Accelerator) Aims to Provide Solution to Vitalik Buterin’s Problems

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Distributed Business Accelerator
Vitalik Buterin at the 4th Wanxiang Global Blockchain Summit 2018 (PRNewsfoto/DBA Foundation)

SINGAPORESept. 15, 2018 /PRNewswire/ — At the Wanxiang Global Blockchain Summit 2018 in Shanghai on September 11, Vitalik Buterin, co-founder of Ethereum, presented his view of the relationship between mechanism credibility and blockchain. Unlike his usual keynotes which mainly focused on the underlying technology behind public blockchains, he focuses on the practicality of the even more complex socio-economic functions of blockchain and the corresponding challenges.

Vitalik states the best mechanism “tries to allocate best resources for those with the most need, whether it is projects, governments, or companies.” Some examples of mechanisms are voting, auctions, markets, and exchanges (including decentralised exchanges). How fairly and efficiently resources are allocated rely on the credibility of the mechanism design. While centralised mechanism has remained the norm, this requires all parties to trust the central mechanism to operate correctly. Yet, as Vitalik says, there are currently serious trust issues between people and centralised systems.

Though a pioneer in blockchain, Vitalik dedicates the latter half of his presentation to discussing four significant challenges that prove a decentralised blockchain is not the solution neither. The four challenges are: miner/validator manipulation, privacy, anti-sybil, and collusion. As Vitalik said: “Blockchain can solve some problems but blockchain cannot solve all problems.”

While Vitalik proposed Multi-party Computation as the technical solution to mechanism credibility, Hong Kong start-up, Distributed Business Accelerator (DBA), sees the real answer in creating socio-economic model with a hybrid of centralisation and decentralisation.

What is DBA?

Distributed Business AcceleratorAs a core project in the Wanxiang Blockchain’s ecosystem, DBA, started in May 2018, is experimenting with a different approach from the traditional ICO method.

As a user-driven accelerator for promising global blockchain startups, DBA builds on the essence of decentralised blockchain for fairness and transparency but also explores an innovative venture system based on voting and token fund investment.

The hybrid model provides the community a chance to participate in the private equity round through various means but dedicates the investment decision to the centralised token fund, which consists of investment specialists and funds.

How to participate?

There will not be an ICO, around half of the total supply of DBA tokens will be distributed to the community through votes and contributions. The foundation has executed three successful rounds of project selection in the Chinese community. The international platform is expected to launch on September 18, 2018, with a new round of voting soon after.

Visit Dbaglobal.com for more details.

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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Mint Exchange is Live Now for Institutional Trading of Cryptocurrencies

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Mint Exchange
Images by Mint Exchange

PALO ALTO, California (November 14, 2018) – Today, Mint Exchange, launched publicly as the world’s first cryptocurrency clearinghouse, providing access to all major exchanges, brokers and market makers through a single account.  Mint Exchange allows institutions to trade across all major cryptocurrency exchanges providing access to the most liquidity at the best price all while keeping capital in a secure institutional environment.  Many of the top global FX brokers are already trading cryptocurrencies on Mint Exchange.  With this public launch, Mint Exchange welcomes the participation of all qualified institutions.

Mint Exchange“We’re addressing an enormous unmet need in the growing cryptocurrency market,” said Harpal Sandhu, Chairman of Mint Exchange. “FX brokers, asset managers, and institutions have largely remained on the sidelines of the cryptocurrency market waiting for a trusted partner to deliver a robust, professional-grade exchange.  They expect to manage their crypto trading in one secure location.  That’s what Mint Exchange offers.”

Mint Exchange is built on the award-winning Integral FX platform that processes over $40 billion/day in fiat currency trading. Using this innovative, proven technology Mint Exchange improves the overall efficiency and adds stability to the cryptocurrency ecosystem opening cryptocurrency trading to global brokers and financial institutions.

“As a provider of institutional grade market making and execution services, we needed an institutional grade technology partner,” said Todd Morakis, Co-Founder and Partner of JST Systems in Singapore. “Working with Mint Exchange, we are now able to offer the liquidity, stability and security necessary to provide the level of service our customers expect.  As more institutional players enter the crypto-asset market, liquidity providers need sophisticated technology and risk management tools to service their needs.  Mint Exchange was the first to deliver a complete solution that also includes robust security and custody.  We’re proud to be one of the launch partners and we look forward to scaling our business together.”

Mint Exchange is available now for brokers and institutions. For additional information, visit  https://www.mintexchange.io

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HashCash is Set to Enter the Kenyan Private Sector with Blockchain Solutions

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Hashcash Consultants Kenya

SAN FRANCISCONov. 12, 2018 /PRNewswire-PRWeb/ — Silicon Valley-based software development company, HashCash Consultants, is in talks with a new crop of entrepreneurs in Kenya for collaborations on tech-heavy projects. The operations are expected to hit the floor in the first quarter of 2019.

The objective of the project is to strengthen the infrastructure of the agricultural sector with optimized logistics. According to its contribution to the East African country’s GDP, this sector is the backbone of the Kenyan economy. It accounts for 25% of the Gross Domestic Product (GDP), 65% of total exports, and more than 18% of formal employment. However, this sector has its share of challenges, and the primary cause behind dwindling food reserves has been identified to be post-harvest wastage. The loss is close to a daunting 50% of the produce.

The implementation of blockchain will provide a decentralized distributed ledger to record data that represent the quantity and quality of crops harvested, transported, and sold. The difference in statistics updated at every stage of the supply chain will facilitate a more accurate calculation of post-harvest loss and narrow down the problem areas in the infrastructure. This record will be a highly reliable one because the encryption with which the data are protected is near impossible to hack. Therefore, the blockchain ledger will cancel out all possibility of manipulated reports and corruption.

The Kenyan private sector is steadily looking to incorporate technological innovations to provide more efficient products that are easy to implement across industries. Blockchain has emerged as a favorite, largely due to the efforts by the Kenyan government to utilize it for transparency in votes during their recent elections. This has clearly fortified trust in the technology.

Hashcash ConsultantsHashCash Consultants, besides customizing blockchain solutions to meet the specific needs of their clients, also bring an option for better funding for these projects. The process of raising adequate funds to power ideas focused on agriculture is a difficult one, as the industry does not excite traditional venture capitalists. The route of ICOs provided by the blockchain company is a quick and easy alternative to accrue capital for the entrepreneurs without having to divest any part of the ownership rights of their company.

About HashCash Consultants

HashCash Consultants started as a Blockchain Consulting Company in California. Today, HashCash products enable enterprises to move assets and settle payments across borders in real-time using HashCash Blockchain network, HC NET. Financial Institutions use HC NET for Retail Remittances, Corporate Payments, Trade Finance, and Payment Processing. HashCash also runs the US based cryptocurrency exchange, PayBito and the leading Cryptocurrency payment processor, BillBitcoins. HashCash offers cryptocurrency exchange and payment processor white label solutions, comprehensive ICO services and customized use case design and development. HashCash propels advancement in the field of blockchain through the Blockchain1o1 program and its investment arm Satoshi Angels.

Disclaimer: Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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iHub: The First Tokenised African Tech Accelerator

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iHub

Dubai – 8 November – Kenyan innovation hub and tech accelerator iHub announced today at the ALN Africa Investment Conference in Dubai that it is partnering with Raise, a Bahamian and Kenyan technology company that has developed a company ownership platform to manage compliant digital securities in frontier markets. Built using blockchain technology, Raise will work with iHub to digitise all of its company assets – making iHub the first tech accelerator to take such a step in Africa, and this partnership the first publicised instance of a tokenised asset on the continent.

RaiseRaise CEO and co-founder Marvin Coleby also demonstrated the platform at the event, which serves to provide a platform for dialogue on critical commercial and policy topics with the objective of spurring investment into Africa. It draws on speakers from ALN’s network of leading corporate law firms in 16 African jurisdictions as well as key policy and investment organisations like the US Trade and Development Agency, Dubai Chamber of Commerce and Industry and the Brenthurst Foundation.

“iHub is committed to making it easier for our community of start-ups and entrepreneurs to raise the capital they need to grow their business,” says Nekesa Were, iHub, Managing Director. “The Raise platform promises to radically transform how businesses raise money and we hope this will lead the way for more start-ups in our community to follow suit.”

“The iHub has worked with 300+ startups, in various sectors including fintech, agritech, edutech, AI & IoT, health, infrastructure, logistics, and many others,” she adds, “and has supported businesses through grants funding totalling more than USD 300 000. The startups in iHub’s portfolio have raised over USD 40 million in early and growth stage financing, and a further USD 1 million in grants. The number of jobs that have been created has exceeded 40,000 in the last five years. With an average annual revenue of USD 350,000, the iHub startups have an economic impact of more than USD 104 million. We look forward to working with Raise to bring further value to the iHub community.”

Says Coleby: “Raise aims to make it easier to digitally manage and trade corporate assets by providing a compliant way to securitise assets using blockchain technologies. We’re excited to partner with iHub to create their security tokens and look forward to the future of creating more accessible and liquid private markets for investors with the use of blockchain-based digital securities in frontier markets.”

“It makes absolute sense for iHub to take this step,” he adds, “as it has been a major catalyst for regional technology innovation in East Africa, nurturing one of the most vibrant innovation and entrepreneurship ecosystems on the Continent. iHub aims to create an environment of trust and experimentation and in this case it is leading from the front by securitising its assets on blockchain technology.”

Disclaimer: Readers should do their own due diligence before taking any actions related to the mentioned company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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