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Alibaba Predicts 10 Tech Trends for 2019: Faster Deployment of Blockchain Applications, Specialized AI Chips on the rise

From 5G technology and speech AI to blockchain and autonomous driving, Alibaba DAMO Academy—the e-commerce giant’s global research institution working on next-generation technologies—- published its prediction for the Top 10 tech trends in 2019 on Tuesday. According to the DAMO (the initials stand for “discovery, adventure, momentum and outlook” ) Academy,  commercial applications of blockchain technology, among the key trends, will speed up in 2019. Along with the digitalization of various industries, Internet of Things(IoT) technologies will underpin the trusted mapping from off-chain world into on-chain data, and blockchain technology will expedite the restructuring and optimization of trusted data flow between and among various participants to boost the efficiency of workflow and coordination, said DAMO. The research institution expects an increasing number of blockchain applications will be seen in our daily life, including cross-border remittances, supply chain finance, electronic invoices and tamper-proof judicial records. As the “chaining” demonstrates its value, layered architecture and cross-chain protocol will become the focus of technology to scale up blockchain infrastructure. As the blockchain hype starts to cool down, the deployment of its commercial applications will gain speed, said DAMO . The DAMO Academy has established a dedicated lab for blockchain research in 2018, with an aim to accelerate blockchain applications in commercial and financial fields. The lab, headed by Zhang Hui, director of Blockchain Department at Ant Financial, focuses on seven key areas, including consensus protocols, cryptographic security and privacy protection, trusted execution environments, cross-chain protocols, smart contract language and overall security analysis, integration of blockchain technology with IoT, and Integration of blockchain technology with secure multi-party computing (SMC). In 2019, the blockchain lab is expected to help Alibaba and its financial arm, Ant Financial, make big stride in promoting the adoption of blockchain. Other 9 tech trends the DAMO expects to see this year include: Smart cities will arrive, and real-time simulation becomes possible; Speech AI in certain areas to pass Turing Test; Specialized AI chips on the rise; Super-large graph neural networks (GNNs) to give machines “ common sense”; Computing architecture to be restructured; 5G networks will enable new applications; Digital identity becomes a second ID Card; More-prudent developments in autonomous; Data-protection technologies will thrive.
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Hyperledger Adds Alibaba Cloud, Citi, Deutsche Telekom, we.trade and 12 more New Members at Hyperledger Global Forum

CoinSpeaker Hyperledger Adds Alibaba Cloud, Citi, Deutsche Telekom, we.trade and 12 more New Members at Hyperledger Global Forum Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, today announced Alibaba Cloud, Citi, Deutsche Telekom, we.trade and 12 more organizations have joined the project. This news came during day one of the inaugural Hyperledger Global Forum in Basel, Switzerland. Brian Behlendorf, Executive Director, Hyperledger, said: “We are starting Global Forum off with a bang with this impressive line-up of new members. The growing Hyperledger community  reflects the increasing importance of open source efforts to build enterprise blockchain technologies across industries and markets. The latest members showcase the widening  interest in and impact of DLT and Hyperledger.” Hyperledger is a multi-project, multi-stakeholder effort that includes multiple enterprise blockchain and distributed ledger technologies. These projects are the result of the hands-on, collaborative efforts of contributors around the world who strive to develop and maintain the code for the frameworks and tools as well as provide governance and organizational resources. Hyperledger enables organizations to build solid, industry-specific applications, platforms and hardware systems to support their individual business transactions by creating enterprise-grade, open source distributed ledger frameworks and code bases. The latest general members to join the community are: Alibaba Cloud, BlockDao (Hangzhou) Information Technology, Citi, Deutsche Telekom, Guangzhishu (Beijing) Technology Co., Ltd, Guangzhou Technology Innovation Space Information Technology Co., Ltd, KEB Hana Bank, HealthVerity, MediConCen, Techrock (formerly Walimai), we.trade and Xooa. Hyperledger supports an open community that values contributions and participation from various entities. As such, pre-approved non-profits, open source projects and government entities can join Hyperledger at no cost as associate members. Associate members joining this month include Association of Blockchain Developers of Saint Petersburg, Business School of Hunan University, Sun Yat-sun University and Wall Street Blockchain Alliance. New member quotes Alibaba Cloud YI Li, Head of Alibaba Cloud Application Service, said: “We are delighted to join Hyperledger. As one of the world’s top three IaaS providers, Alibaba Cloud strives to provide the best service possible with the highest regard for all customers. Alibaba Cloud‘s Blockchain as a Service (BaaS) is dedicated to providing a worldwide beneficial and trusted infrastructure. While concentrating on the underlying technology, we would also like to invite more partners to join us and co-create a greater blockchain business world.” BlockDao (Hangzhou) Information Technology Jerry Li, COO, BlockDAO, said: “We are honored to join the Hyperledger community, it is an important symbol of BlockDAO’s development route. BlockDAO is an independent blockchain technological community supported by OSChina, that aims to provide community services with code examination and development to blockchain projects. We will provide code support and security for the development of the blockchain industry. We’re very excited to now be a part of Hyperledger.” Citi Beth Devin, Head of Innovation Network & Emerging Technology at Citi Ventures: “At Citi, we’re constantly evaluating how emerging technologies could solve real problems for our clients and create new growth opportunities in the wider business ecosystem. We believe blockchain has the potential to drive new forms of efficiency and develop new markets, and are pleased to join the Hyperledger project to advance our exploration.” Deutsche Telekom John Calian, SVP and Head of T-Labs, said: “Developing our wholesale roaming application on Hyperledger Fabric came as a natural choice. Hyperledger Fabric offers business customers, like Deutsche Telekom and our related partners, a permissioned and open source development ecosystem that integrates production-ready identity management as well as refined confidentiality concepts for multi-stakeholder environments.That is exactly what enterprise customers require to transform their decentralized visions into reality and this is why we are happy to become part of the Hyperledger community.” Guangzhishu (Beijing) Technology Co., Ltd Sarah Zhang, Founder & CEO of Guangzhishu (Beijing) Technology, commented: “Joining Hyperledger is a milestone for Guangzhishu (Beijing) Technology. Our anchor project, the Points (PTS) platform, is a fintech project that builds a secure, fast and scalable blockchain-based data collaboration protocol for better credit scoring and inclusive finance. We are very excited to be part of the Hyperledger community, and looking forward to working with the platform to shape an enterprise-grade secure and extensible data collaboration protocol that enables more users to access low cost and high quality financial services.” Guangzhou Technology Innovation Space Information Technology Co., Ltd Sandy Xie, CEO of Guangzhou Technology Innovation Space Information Technology Co., Ltd, said: “If the birth of the Internet has triggered an intelligent revolution, then blockchain is the new engine of this intelligent revolution. We are happy to participate in building and developing the Hyperledger community. With the application of blockchain technology, we are dedicated to solving the bottleneck of the existing intellectual property industry. The birth of Flying Pard IP Trade Blockchain will change the ecosystem of present industry.” KEB Hana Bank Jun Seong Han, deputy president of KEB Hana Bank: “KEB Hana Bank has three perspectives on blockchain – globalization, standardization and collaboration networks. We look forward to creating new business opportunities based on standardized technology as part of Hyperledger’s global community. Demand for mobile payments, such as mobile wallet, is increasing due to the rapid growth in cross-border payments. To support such demand, we need a new payment hub that can connect them globally. In response, KEB Hana Bank is creating the Global Loyalty Network (GLN), with a number of banks and payment providers. What’s most important for this project is a global standard technology, so we are joining Hyperledger for blockchain technology that our partners around the world can accept seamlessly.” HealthVerity Andrew Kress, CEO of HealthVerity, said: “HealthVerity is honored to join Hyperledger to help build and advance the development of open source blockchain technology within the healthcare industry. We’ve successfully used Hyperledger Fabric as part of HealthVerity Consent, our platform that allows organizations to aggregate and manage all individual consumer and patient preferences in one central location to comply with evolving privacy requirements. As we continue to transform how the modern healthcare enterprise makes critical and defining decisions, we look forward to the support and technical foundation from the Hyperledger community.” MediConCen David Liu, CTO of MediConCen Limited, said: “By joining Hyperledger, we are pushing the boundaries of technology and applying blockchain to make an impact on how insurance and finance are operated. We believe any successful blockchain solution would require a combination of domain knowledge, understanding of regulations and technical knowhow, and partnership. With the strong support of our partners, we co-developed our first medical blockchain ecosystem with leading insurers in Hong Kong powered by Hyperledger Fabric.” Techrock (formerly Walimai) Edward Tsang, Chief Technology Officer, Techrock: “We are excited to join the Hyperledger family and take part in the opportunity to collaborate with this forward-thinking and passionate community. The performance, reliability and scalability of Hyperledger is exactly what we need to take our blockchain-based anti-counterfeiting solution to the next level and deliver on our vision of creating a world free of counterfeit consumer goods.” We.trade Roberto Mancone, Chief Operating Officer of we.trade: “We.trade has used Hyperledger for the development of its robust, enterprise grade, production ready trade platform, which is currently licensing to banks in the market. Our role now as new member of Hyperledger is to continuously contribute to the development of blockchain solutions through distributed ledger technology and smart contracts, fostering innovation in the field of trade, finance, logistics, insurance, manufacturing and all those industries that will converge toward the development of efficient new business models.” Xooa Assaf Kalderon, VP of Business Development at Xooa, said: “We firmly believe that the arrival of Xooa marks a turning point for the adoption of immutable ledgers. Our goals is to transform blockchain by making it appealing to all developers. Xooa’s platform-as-a-service provides both a trusted datastore and a trusted network. It removes the need to manage blockchain infrastructure, enabling organizations to realize business benefits from trusted and immutable ledgers faster than was ever possible. We are thrilled to join the Hyperledger community and help broaden the adoption of Fabric-based applications.” Join industry peers in helping build and shape the ecosystem for blockchain technologies, use cases and applications. About Hyperledger Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger under the foundation. Hyperledger Adds Alibaba Cloud, Citi, Deutsche Telekom, we.trade and 12 more New Members at Hyperledger Global Forum
Coinspeaker

Hyperledger Project Grows as Alibaba Cloud, Citi, Deutsche Telekom, and New Members Join the Global Forum  

Hyperledger, the leading open source blockchain project recently announced that Alibaba Cloud, Citi, Deutsche Telekom, we.trade, and 12 other organizations have joined the Hyperledger Global Forum. According to the press release published on December 12, 2018, the growing Hyperledger Community highlights the importance of open source technology and increasing interest in enterprise distributed ledger technologies. New Members Keen to Join...Read More. The post by Cindy Huynh appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
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From Code Quality to Integration: Optimizing Alibaba’s Blink Testing Framework

Alibaba completes testing and optimization for a revolutionary distributed open-source computing framework in just one year.As demands on network equipment and infrastructures grow, there is an ever-increasing need for powerful solutions that can still operate when certain components are down. As one such solution, distributed computing frameworks effectively overcome potential network downtime by spreading loads over the entire network.Blink is a distributed open-source computing framework for data stream processing and batch processing, supporting the real-time processing of big data for thousands of services in the Alibaba Group. To ensure its reliability, the Blink test team was set up in 2017 to establish a complete Blink test system from scratch and guarantee the quality of Blink.In this article, we look at the fundamentals of open-source computing frameworks before exploring the Blink test platform in detail.Open-source Computing FrameworksApache Flink is a widely used distributed open-source computing framework for data stream processing and batch processing. In 2016, using Flink as a foundation, Alibaba got to work in creating the Blink framework. In 2017, Alibaba integrated its entire stream computing products and decided to build a world-leading real-time computing engine based on Blink.For the 2017 11.11 Global Shopping Festival, Blink supported more than 20 business units and groups by running thousands of real-time computing jobs simultaneously, with processed logs per second reaching an astonishing 470 million. Therefore, the assurance of Blink’s reliability and stability has become extremely important. To this end, the Blink test team has established a comprehensive testing system, progressing from code quality to continuous integration and pre-testing in just over one year and greatly improving Blink’s quality.Blink Test PlatformThe test team has tailored the Blink test platform to optimize its quality, as shown in the following figure:As outlined above, the Blink test platform consists of three test phases.First, in code quality verification, the static code scan, unit test, and minicluster-based test are performed.Second, in integration testing, the functional test, performance test, and destructive stability test are performed.Finally, in the pre-test, the simulation test is performed by simulating the user’s jobs, and the final version compatibility test is performed before the release.The platform selects part of the test collection to be included in the precommit verification to detect problems in the code as early as possible. Meanwhile, large-scale functional, performance, and stability tests are usually used as a collection of dailybuilds. In addition, the Blink test platform has established a relatively complete quality measurement system. Except for statistical analysis and change analysis of code coverage, the system can generate test reports with one click and horizontally compare the quality of different versions.Code quality verification phaseThe code quality verification phase is the basis for the entire Blink quality assurance. It mainly includes unit testing, code style scanning, as well as the standalone minicluster-based integration test. Only when the Blink code passes all these three tests is it allowed to be submitted to the project git, as shown in the following figure:Functional TestThe Blink functional test framework uses Defender, is derived from pytest and supports the features of the Blink SQL test and the introduction of third-party plugins. Moreover, it can be used for end-to-end accurate testing on a scenario in a test cluster (as shown in the figure below). It supports two trigger modes: IDE and Jenkins; and three dispatch modes for case running: yarn_job, yarn_session, and local. After the execution, it displays the results in the form of web pages or emails, and performs persistence on the results. Its advantages include:1. Case unified dispatch and refined managementAt present, Blink has more than 4,000 cases in 12 scenes on the Defender, which can perform dailyrun at a fixed time every day. If a problem occurs in the case of a certain category, the case can be executed separately, and details can be displayed on the page.2. Three running modes meeting the test requirements of different scenariosAmong these, the yarn_session mode is more suitable for the scenario where sql case exists in a module, as it can greatly reduce the interaction time with Yarn.3. Flexible case configurationIt can not only support the system configuration, but also separately configure the required resources (slot, memory, and so on) of each case set or other configurations of the cluster.4. A case can support both batch and stream types of processing5. Flexible extension of the client typeIntegration and extension of existing data storage and services are possible. Multi-type data store read and write services, start of yarn_session, Blink job interaction, and so on are now supported.Performance TestAs a real-time big data processing engine, Blink puts very stringent requirements on the data processing capability per unit time and the real-time performance of data processing. Therefore, performance testing is a very important part of the entire Blink test and is one of the core standards for measuring whether a new version of Blink can be released.Blink’s performance test mainly includes operator performance testing, SQL performance testing, and runtime performance testing:Operator performance testingOperator refers to an atomic operation that constitutes the semantics of SQL, such as Sum, Aggregate, and so on, which can no longer be split. The operator performance test is mainly used to monitor the performance changes of a single operator throughout the development process to ensure the optimization and improvement of local processing. Currently, Operator’s testing is divided into the performance test of a single operator and performance test of a combination of operators. The Operator test feeds back performance changes in the way of Daily Run.SQL performance testingThis is mainly used to monitor the performance changes of a single SQL during the version development. TPCH and TPCDS are the industry SQL standard performance test sets and have 22 and 103 test cases, respectively. The test platform introduces it into the Blink performance test to more fully measure Blink’s performance changes.Runtime performance testingThis is mainly to ensure that the performance at the operational level has no regression. It mainly includes end-to-end performance testing and module performance testing. The end-to-end performance test firstly figures out the test scenario and pays attention to the job processing time of each scenario under a specified data volume. The module performance test mainly includes network layer performance testing, dispatching layer performance testing, failover performance testing, and so on. It pays more attention to the job processing time in a specific scenario.The future plan of performance testing is to integrate the E2E performance test, module level performance test, and parameter adjustment to make them better able to help develop the root cause of the performance problem and view the parameter tuning effect (as shown below).Stability TestFor distributed systems that support high concurrency, multi-node, and complex physical environments, it is difficult to avoid physical node anomalies such as disk fullness and network latency. As a highly available distributed system, Blink must ensure the stable operation of the system and the normal output of data under abnormal conditions. By taking on “the best way to avoid failure is to continually fail” approach, the team simulated all possible exceptions during the Blink task run to thereby verify the stability of Blink.Abnormal scenes were divided into two categories:· The first is related to the running environment, including machine restart, network exception, disk exception, CPU exception, and so on. These exceptions are mainly simulated by shell command.· The second is related to Blink jobs, including RPC message timeout, task exception, heart beat message timeout, and so on, and are mainly implemented through the integrations of byteman software. In the stability test, those pre-defined abnormal scenarios will be randomly selected and combined for testing.The stability test is set to an iterative loop. Each round of iterations involves releasing the abnormal scene, submitting the task, waiting for the job recovery, and verifying. The verification is mainly to check whether the checkpoint, container, and slot resources meet the expectations. If the check fails, the alarm will be issued. Once the verification succeeds and passes approval, the next iteration starts and the stability of the task is verified under long-term operation.The stability test architecture is divided into four layers (as shown in the figure below):· The component layer mainly includes testing Blink jobs, monkeys, and the dumper.· The action layer includes job start, status check, output check, and so on.· The execution layer includes services, abnormal scene operations, and so on, and the abnormal scene operates based on SSH to the specific machine.· The top layer is the UI.Pre-testThe Blink pre-test phase mainly tests complex business logic and large data volumes by cloning the real tasks and data online. Therefore, the Blink pre-test is a supplement to the code quality verification and integration test, and is the last guard before the release of a Blink version.The Blink pre-test is divided into the simulation testing and compatibility testing.Simulation testingThe simulation test further measures the basic test indicators such as Blink’s functionality, performance, and stability, and compares the developing version with the current online version. As a result, the simulation test can identify various problems related to features, performance degradation, and stability at an earlier stage, improving the quality of the online version.The simulation test is divided into three stages: environment cloning, environment adaptation, and test run.Environment cloningEnvironment cloning is the basis for implementing the entire simulation testing, including the selection and cloning of online tasks and the sampling of test data (as shown below).Blink’s online tasks are numerous and are scattered across many different projects. Although each online task has its own internal business logic, different tasks can be classified according to their main processing logic, for example with a task set based on Agg operations or a task set based on Sum operations, and so on. Therefore, the Blink simulation test needs to distinguish online tasks and select the most representative ones.The test data set of the simulation test is a sample of the input data of the current online task, which differs only in data scale, and can be dynamically adjusted according to the test requirements, thereby achieving accurate measurement of the test target.Environment AdaptationEnvironment adaptation is the initialization phase in the simulation test process, and is mainly to modify the test cases to make it run normally. The process consists of two main steps: Changing the test data input source and test result output address and updating the resource configuration of the task.Test RunTest run is the actual execution module in the simulation test process, including the test case run and result feedback.Blink simulation testing includes the functional test, performance test, and stability test. Different test modules have different metrics and feedback methods. The test results of these test modules, together with the results of the code quality check and integration test, form the result set of the Blink test (as shown below).The performance test and the functional test use simulation tasks and sample data as input to compare and analyze the execution and output of tasks on different execution engines. The performance test focuses on performance metrics such as resource utilization and throughput of different execution engines during execution; while the functional test compares the final results of the execution. It should be noted that in the functional test, the running result of the online version is assumed to be true; that is, when the execution result of the online version is different from the execution result of the developing version, the execution of the developing version is considered wrong, and the error in the developing version needs to be repaired.The stability test focuses on the stability of simulation tasks under the conditions of the online cloning environment, large data volume and long-time running. It uses the Blink developing version as the only execution engine, and measures stability metrics such as resource utilization, throughput, and failover during execution.Compatibility TestThe Blink compatibility test is mainly used to discover compatibility issues between new and old Blink versions. At present, compatibility testing is mainly divided into two stages: static checking and dynamic execution checking.Static CheckStatic check is mainly used to analyze differences in the generated execution plan of the online task under different execution engines and includes two aspects:· The correctness of the execution plan generated by the new execution engine and the length of generation time.· The compatibility of plans generated by new and old execution engines, respectively.The static check can be considered a failure if the new execution engine cannot generate an execution plan correctly, or if the generation of the execution plan takes longer time than expected, which indicates that there is an exception or defect in the new version of Blink. When the new version can generate the execution plan correctly, if the execution plan generated by the new-version execution engine is not compatible with the one generated by the old version then the comparison result needs to be fed back to the developer to determine whether the change of the execution plan is expectable; if the execution plans are compatible or the change is expectable, then the runtime test can be directly run for the new version.Dynamic Runtime TestThe Blink dynamic runtime test uses the functional test module in the simulation test to run the task, and is the last round of testing before upgrading the new version of Blink. If the task can be started normally and the test result is in line with expectations, the task is considered to be capable of automatic upgrade; otherwise, manual intervention is required for manual upgrading.OutlookWith just over a year of hard work, the overall quality of Blink has been greatly improved, and the testing methods and tools are becoming increasingly mature. As the Blink user base grows, demand from Blink service developers for quality assurance of their service tasks is increasing dramatically. Moving forward, the Blink test team aims to provide more quality assurances and development tools to further improve Blink developers’ engineering efficiency.Alibaba TechFirst hand and in-depth information about Alibaba’s latest technology → Facebook: “Alibaba Tech”. Twitter: “AlibabaTech”.From Code Quality to Integration: Optimizing Alibaba’s Blink Testing Framework was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi

Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi Hyperledger has onboarded 12 new members, including such major firms as Alibaba Cloud, Citi, and Deutsche Telekom, according to an announcement published on Dec. 11. Launched in 2016, Hyperledger is an open source project created by the Linux Foundation and created to support […] Cet article Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi est apparu en premier sur Bitcoin Central.
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Hyperledger Blockchain Group Onboards Deutsche Telekom, Alibaba Cloud and 13 More New Members

In a conference dubbed, “the Hyperledger Global Forum,” which took place in Basel, Switzerland, it has been revealed that Hyperledger has onboarded 16 new members in an effort to expand their goal of making a collaborative open source effort that would better cross-industry blockchain technologies. Hyperledger adds @alibaba_cloud @deutschetelekom & @Citi + others as new members at Hyperledger Global Forum! Learn who else joined here: https://t.co/TtWP7haKis #hyperledgerforum pic.twitter.com/HwgHXffupK — Hyperledger (@Hyperledger) December 12, 2018 As per the announcement made by the Hyperledger team themselves, a fraction of the firms include Deutsche Telekom’s central research unit, T-Labs, Alibaba Cloud, Citi, and We.trade. The Executive Director of Hyperledger, Brian Behlendorf has since expressed immense joy with the way the Global Forum has started off. He also shared the following: “The growing Hyperledger community reflects the increasing importance of open source efforts to build enterprise blockchain technologies across industries and markets,” adding that the interest on behalf of the new members goes to show the level of exposure and confidence in DLT and Hyperledger. Several new joiners have also taken the time to express what this endeavor means for them. For instance, the Head of Alibaba Cloud Application Service, Yl Li has not only expressed delight in being able to join a large effort like that of Hyperledger but has since encouraged more organizations to participate in order to create “a greater blockchain business world.” T-Labs’ SVP and Head, John Calian shared that the decision to join Hyperledger’s project was merely “a natural choice”, adding that enterprise customers need “a permissioned and open source development ecosystem that integrates production-ready identity management as well as refined confidentiality concepts for multi-stakeholder environments,” which all of the members possess. T-Labs has also published regarding their new endeavor, which revealed that the membership period will commence January 1, 2019 and will last exactly a year. As for their role, it looks like their team will be testing out one of Hyperledger’s Tools dubbed Sovrin Identity Framework, which is part of “Hyperledger Indy”. In addition, T-Labs will be coming up with, “a decentralized and transparent approach to settle and execute wholesale roaming agreements based on Hyperledger Fabric.”
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Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. pic.twitter.com/WsHJuZTiOy — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
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BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
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Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
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