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Launch Of M1 Phone on Amazon UK Fails to Cause Upward Movement In Electroneum Price

Most crypto projects stay far away from launching their own hardware supporting accessories, but Electroneum launched their native phone. Building such a device is one thing, but ensuring it can be distributed on a large scale is something else entirely. In the case of Electroneum, the team has built a new phone known as the […]
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Amazon Partners with Worldpay: Is e-Commerce Behemoth Getting Closer to Ripple?

Coinspeaker Amazon Partners with Worldpay: Is e-Commerce Behemoth Getting Closer to Ripple?Amazon Pay is a popular and widely known payment method in the sphere of online commerce. Of course, one of the reasons is that it is a native method of payment on the leading major e-commerce platform — Amazon.But it is not the only one explanation. It is also widely used outside of this online shopping platform, a lot of retailers and online merchants all over the world have chosen Amazon Pay to be applied as a payment method.Amazon and WorldPay: New PartershipBut now it is expected that the opportunities for merchants will be expanded owing to the recently announced partnership of Amazon and Worldpay. This collaboration is a milestone for the entire industry as it makes Worldpay the first acquirer to fully enable Amazon Pay for its merchants.In the framework of this cooperation, U.S.-based Worldpay merchants will get a possibility to utilize Amazon Pay with a view to enhancing their clients online checkout experience.According to Amazon Pay Vice President Patrick Gauthier, it’s a serious step forward for their payment service as now it will become available for a much wider pool of merchants.The initiative to establish this partnership with Worldpay reflects Amazon’s desire to make its payment service available for a bigger number of large merchants as a further step of its evolution.  Such a desire has become a serious ground to develop relations with a major acquirer.Speaking about their strategy, Gauthier noted:“We started to really think about how [we] not only simplify integration and onboarding, but [how to] better manage operations on an ongoing basis. We decided the best solution for us was to integrate with a large merchant acquirer, as that simplifies a lot of the day-to-day issues around settlement, reconciliation, reporting and dispute management.”Gauthier also explained that this move will be also beneficial for merchants as Amazon Pay will facilitate for them their interaction with buyers and added that this partnership is to become a starting point for further innovations in the sphere.Amazon and RippleLet us also remind that just a couple of days ago Coinspeaker reported that U.S. fintech Fidelity National Information Services Inc. (FIS) had acquired Worldpay. What does it mean for both of them and for Amazon if it is now a partner of Worldpay?For FIS this acquisition means an opportunity to expand its activities in digital payments. As for Worldpay, it is a new opportunity to expand into new markets and enhance its competitiveness.But in this very context it’s also worth mentioning that FIS that has bought Worldpay is a partner of Ripple. Given all these facts  we can conclude that the partnership of Amazon and Worldpay is an indirect step of Amazon towards Ripple.Nevertheless, it’s not the first indirect sign of Amazon’s getting closer to Ripple. Earlier, it has become known that Amazon is collaborating with Axis, an Indian bank that is a participant of Ripple’s network.Amazon and Axis were working together to ensure functioning of a new payment app for making purchases on Amazon. XRP that is used in Ripple’s products was also applied in this very case. So, we can say that XRP was used for the needs of Amazon.Though there is still no direct cooperation of Amazon and Ripple, there are a lot of reasons to suppose that it may happen in the future.Amazon Partners with Worldpay: Is e-Commerce Behemoth Getting Closer to Ripple?
Coinspeaker

Amazon Will Soon Launch Mobile Ads, Are Google and Facebook Under Threat?

Coinspeaker Amazon Will Soon Launch Mobile Ads, Are Google and Facebook Under Threat?According to the recently revealed information the e-commerce giant Amazon.com, is trying to win a larger share of the $129 billion digital advertising market and is starting to sell video spots on its smartphone shopping app.At the current moment, there is a graphical ad unit at the top of the search engine results page (SERP) of almost every search result. Now, video ads for corresponding goods are to appear just in the same positions. As it has been reported by some people familiar with the issue but preferred to stay unnamed, beta testing of the ads on Apple Inc.’s iOS platform has been taking place for several months already. Amazon’s mobile app for Android is planned to get video ads a little bit later  It is also said that there is a similar product to be launched on Google’s Android platform. Nevertheless, there is no any official information yet. The brief video spots that appear on SERPs is a rather powerful tool for advertisers which makes it extremely valuable even in comparison with Facebook and YouTube’s ads. If a person is already searching for some goods in a shopping app, it means that he or she is ready to purchase it which increases the efficiency of the ad. Selling video ads is considered to be a great revenue opportunity for the e-commerce platform. Previously, the main revenue flow from ads used to be generated from selling space featuring brand logos, product photographs and descriptions. While they are the equivalent of digital billboards, video ad spots can be compared to television commercials and have a more significant promotional power. According to experts, this year around $16 billion will be spent by companies on mobile video advertising which is 22.6% more than in 2018. Given the current people’s preferences to watch videos on their mobile devices, advertisers have already started to invest more money namely in this ad channel. Such short video ads are common in Facebook streams and on YouTube. The budget requirement for running the spots at 5 cents per view to run the ads for 60 days on Amazon is $35,000. Nevertheless, there can be different prices for different categories. Moreover, not all rates are fixed.Is It a Threat to Google and Facebook? Now the market of digital advertising is dominated by Google and Facebook but what does the appearance of a new serious player mean for them? Is it a real threat? Or maybe everything is too exaggerated?It has been found out that marketers are shifting budget from search and social. Especially, it is true when we speak about smaller marketers with sub-$10 million in revenue. It is not the first attempt of Amazon to work with ads, it has been actively working with it over the past several years and has been offering various tools for marketers. Nevertheless, it still hasn’t achieved the level of Google and Facebook in this aspect, so, it can be concluded that these two giants have nothing to worry about. At least, at the current moment. Amazon Will Soon Launch Mobile Ads, Are Google and Facebook Under Threat?
Coinspeaker

Beating Amazon with Blockchain

…and a shared Supply Chain and an eCommerce SystemDr. Drew MillerManaging Director, Blockchain Business Consultantsdrmiller@bchainconsult.comAn article, “The Shrinking Middle Class: How We Got Here, And Why” in the December 2018 issue of Fortune magazine reported how many urban neighborhoods have no small stores left, and residents must travel miles to get groceries.[i] Walmart decimated small retailers, and Amazon is now finishing the job. Mega retailers also raise competitive barriers for small manufacturers and shape an economy favoring mega firms, not small town, neighborhood businesses. Great for the richest family in the world, the Walton heirs, and the richest man in the world, Amazon’s Jeff Bezos, but not the rest of us. Tech giants like Amazon don’t just abuse small manufacturers and retail stores — they exploit their customers personal, private data for their profit.The original Internet promise of peer to peer sharing and decentralized, individual empowerment gave way to centralized, mega corporations that capitalized on network effects and exploitation of private data to grow into the largest monopolies in history. In retail eCommerce, Amazon (with half of the U.S. eCommerce market) and Alibaba, have such dominance that other retail firms pushing online sales don’t slow Amazon’s continued growth. As Richard Howells, SAP’s Vice President for Digital Supply Chain concluded, “it’s difficult to see others catching up.”[ii]Walmart had already killed off small independent stores, and now the combined pressure of Walmart and Amazon is killing off even large retail chains.Blockchain advocates are motivated by this powerful new technology promise to “take back” the Internet, bypass Big Banks, and protect personal data from exploitation by Amazon and the big tech mega firms. Blockchain and cryptocurrrency are very disruptive, but it will take a 3-pronged Trident to stop Amazon. There is a revolutionary new company launching now that has all three spears needed to beat Amazon and Walmart in the retail sales industry. This article explains how a comprehensive shared supply chain and eCommerce system using the Internet, blockchain, and a very different supply chain process, can save small retailers and manufacturers in the era of crushing mega firm dominance. For advocates of sustainable business, a better environment, more vibrant small towns and urban neighborhoods, this new firm is also a dream come true.Many blockchain and cryptocurrency enthusiasts hope these new technologies can break Amazon’s stranglehold on eCommerce. Bitcoin’s early big use was for illegal eCommerce on the Internet’s dark markets. Blockchain transactions are more secure than typical Internet systems. For sellers, crypto payments offer a near-instant means of receiving value: there is no three-day delay entailed, as there is when waiting for credit card payments to clear. Particularly on a private blockchain, transaction fees are very low. In a shared blockchain system sellers can be paid instantly. Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy believes that “When cryptocurrency-based payment systems bring near-zero instant payments globally, decentralized markets will happen.”[iii] But if Amazon adds cryptocurrency and blockchain to their system, you can be confident Amazon will take the float and force terms that profit Amazon and at the expense of their sellers and customers. While cryptocurrency can disintermediate Big Bankers, smart contracts running on the blockchain may be far more valuable: helping businesses disintermediate lawyers. CEOs my consulting firm have talked with are more excited by blockchain’s ability to avoid lawyers and courts than smart contract’s ability to reduce administrative expenses.Blockchain’s most valuable use in business, which doesn’t get much attention compared to cryptocurrency, is its great use in connecting business partners and sharing information without the security risks and unreliability of traditional IT.Because of blockchain’s value as a systems and business partner integrator, its #1 use in business now is for supply chain applications.[iv] You can enter a case of product as an asset in a blockchain database and track its progress through the supply chain. Blockchain helps with preventing counterfeit products, food safety, and standard blockchain benefits of one trusted, secure source of data. Blockchain technology enables one shared database with all the information, versus siloed databases that must be connected or accessed — and may not be trustworthy if controlled by another party or vulnerable to hackers and data theft or alteration. Blockchains can take inputs from “Internet of Things” such as temperature readings (to ensure refrigerated goods are within the correct range) and date stamps transiting harbors, etc. Blockchain “smart contracts” can notify parties of goods arrival, automate invoicing and payments, greatly reducing supply chain errors and expenses.In our consulting work on blockchain we find that many still wrongly believe that blockchains are too slow in transactions speed and cannot scale. Private or permissioned blockchains can do fast transactions and handle large business volumes.The big supply chain applications in use today, like the IBM and Maersk ocean shipping “TradeLens” system are not using public blockchains like Ethereum, but private blockchain’s like Hyperledger Fabric.While blockchain and cryptocurrency have huge benefits for eCommerce and supply chain operations, these advantages are not on their own going to take down Amazon. Open Bazaar, a VC funded, zero fee blockchain-based decentralized marketplace, launched in 2016. Three years later the peer to peer networking open source software has been released, but the system generates little business since there is no one to support or promote it.[v] Particl is another free peer to peer networking eCommerce system, started in 2017, with “a Beta launching soon” but no reason to suspect it will fare any better than Open Bazaar.[vi] BitBoost started in 2014, a “pioneering marketplace on the Ethereum network . . . a peer-to-peer approach that does not involve a company or require any gatekeepers.”[vii] After four years of programming and work, BitBoost failed and has closed.[viii] The problem is that nothing but data flows in these blockchain eCommerce systems. It’s like Craigslist with cryptocurrency payments. Nothing in the complex and expensive supply chain movement of goods is coordinated or optimized, nothing to offset Amazon’s huge Network effect and economies of scale advantages. Selling one item at a time to a customer, à la eBay or Amazon, entails much more shipping cost, energy and packaging waste. Asking blockchain and thousands of dApps to serve as a huge, decentralized network is similar to running way too many applications on your phone or personal PC, and is not feasible. Kyle Wang, a former IBM, blockchain enthusiast rightly warns that “blockchain should work as a tool to enable the new internet ecosystem, not become the ecosystem itself. It’s the tractor, not the farm!”[ix]The vast majority of blockchain business applications involve much much more than just IT changes. William Mougayar, author of The Business Blockchain[x] argued that blockchain applications are largely process redesign.This is the reason I got into blockchain in my 50’s when it was largely 20 somethings developing blockchains — — they know nothing about process redesign (or business in most cases) and I’ve got decades of experience in business development, value chains and reengineering. Blockchain cryptocurrency and software alone might let you defeat Western Union, but for the vast majority of industries it will take far more than Information Technology to topple the current players. The supply chain process must also be redesigned to unseat Amazon and Walmart. You need a lot more than blockchain for eCommerce success.Who figured out how to redesign Supply Chain operations, and exploit the Internet and blockchain technology to revolutionize eCommerce and retailing? An Asian-American named Luke Ho-Hyung Lee (not Satoshi Nakamoto) who had started up small manufacturing businesses, run small retail stores, and became a supply chain expert, came up with this idea and published it in a 2013 Supply Chain Quarterly article. Lee laid out a new supply chain processes that “could alter the business landscape, helping small and medium-size businesses to become more competitive.”[xi]Lee observed that the Internet while ideal for sharing information, was not being used for coordinating the complex flow of goods and services in the highly complex, convoluted supply chain system. Big companies can coordinate and optimize their supply chain operations, but no one had attempted to design an internet-based system for small firms to band together for shared, coordinated, and optimized supply chain operations. Lee developed a shared supply chain system using the Internet, to “connect multiple information sources and recipients” and “introduce huge increases in effectiveness (or application capability) in information.”[xii]As Lee noted, “nobody has tried this, and therefore there is no efficient, public process system with infrastructure or platform for real markets.”[xiii] Well, Lee did decide to try this, patenting his business concept, and then forming SharedChain™ — a shared supply chain and eCommerce system using his patented internet concept and blockchain. Quoting from his patent, “”many suppliers can present offerings through the above-described web or network-based application. . . . These benefits are enabled through the centralization of transportation, distribution, warehousing and local delivery or pick-up functions, allowing costs to be spread across multiple suppliers.”[xiv] With network effects in a shared eCommerce system exploiting the Internet, and physical goods economies of scale in a shared supply chain system, SharedChain enables “competitive-cooperative relationships” with each supplier “able to achieve much higher efficiency, productivity, and application capability than before.”[xv] Lee rightly calls this a “Supply Chain Revolution.” He is building a “networked, public, real supply chain infrastructure bundled with a third-party infrastructure for communication.”[xvi]It’s a much easier, lower cost business to launch because SharedChain has zero fixed assets — they facilitate/organize the shared effort of existing, independent businesses. It is purely a platform. Independent warehouses store the goods of independent suppliers transported by independent transportation firms to independent retailers.Explaining SharedChain is like trying to explain the Internet and Amazon before the Internet was launched. SharedChain is a centralized but shared eCommerce system that coordinates and operates a shared supply chain network system, with decentralized peer-to-peer contracts and business deals, and peer to peer responsibility for physical goods. Once goods are ordered, the SharedChain system controls and optimizes the pickup from one of the many local warehouses, delivery to the Distribution and Transportation Center, and then to local delivery centers or pick up centers — with trucks dropping off goods to a store often picking up from a nearby warehouse on their way back to reduce delivery times and expenses. And all the logistics work is done not by SharedChain own assets or employees, but private firms that contract for and compete for business in this massive shared supply chain system. SharedChain has nothing to do with seller relationships and business with retail stores or final customers — that’s for their clients to decide and manage. Blockchain and cryptocurrency aren’t required for this system to operate, but is being added to achieve the blockchain benefits in supply chain operations. It will take all the above, including another huge change in supply chain process described next, to pull off the massive, revolutionary change in eCommerce and retailing needed to stop Amazon and check Walmart’s destruction of small businesses.The shared Chain system is not just for business to consumer retail sales like Amazon or eBay. It’s a supply chain system for B2B sales as well — a highly efficient shared but optimized system that will supply small stores with much lower costs than they can achieve on their own. By bundling eCommerce sales, shipments to retailers, deliveries to pick up centers, and home delivery in one big, massive supply chain and delivery system, SharedChain will achieve more network effects and bundled delivery economies of scale than Amazon. Again, quoting Lee’s Supply Chain Quarterly article, “because this supply chain process system is constructed as a partnership by connecting the power of all participating members, each member will benefit from the size of the supply chain process system.”[xvii]As the Wall Street Journal’s top blockchain reporter, Paul Vigna, writing in MIT Technology Review explained, “Google, Facebook, and Amazon turn economies of scale and network-effect advantages into de facto monopolies.”[xviii] A shared supply chain and eCommerce system used by hundreds of thousands of small retailers and manufacturers, operated by thousands of independent warehouse and transportation firms, can exceed the scale of Amazon and Walmart.Blockchain and a massive shared Supply Chain and Internet eCommerce system provide two powerful spears — but a third is needed to take on Amazon.This third spear, another key part of the shared supply chain system Luke Lee designed, hits Amazon where it’s most vulnerable. Amazon’s system of long distance, rush shipping of individual packaging has inherent big costs and environmental damage from transportation energy waste and individual shipping packages. This third key feature of SharedChain is that it is based on local markets shipping goods from local warehouses — not long-distance rush shipping. Furthermore, the SharedChain system rarely ships individual packages or one order a time — goods for multiple destinations come from multiple local warehouses through the local Distribution and Transportation Center to local delivery centers — in bundled pickups and deliveries, in crates and reusable totes — not individual cardboard packages stuffed with foam and plastic. Lee’s SharedChain system has a huge, vital business process change. It provides a much better way to enable what has become a key tenant of supply chain operations today: Just In Time (JIT) delivery. Lee’s solution is not high tech but a return to an old-fashioned logistic practice: local warehousing. Since SharedChain sourced goods are sold by local markets (115 would cover the U.S.), this system can do same day delivery easily — faster and much cheaper than Amazon!A great theory, but does it work? After a year of investment and software development, SharedChain system did a market test in Los Angeles, and it worked brilliantly. From order to delivery took four hours — at far less expense than Amazon.This third point in the SharedChain Trident enables effective competition against Amazon. SharedChain can deliver many goods much faster at much lower cost!While consumers love faster delivery and lower price, they will also appreciate the reduction in environmental damage of the SharedChain system. Rather than using aircraft and long-distance trucking to quickly move goods from local warehouses for just in time delivery, SharedChain’s return to local warehousing favors bulk ocean and rail shipment of goods which wastes far less energy. The avoidance of wasteful individual packaging, and its costly toll in damage to marine life, is another big consumer appeal for SharedChain.Amazon’s dominance is from network effects and physical economies of scale in moving mountains of goods through the supply chain. Writing in Hackernoon, KJ Erickson, CEO of Public Market, lamented that “Far away from the internet’s original promise of unfettered peer-to-peer exchange, online commerce is today dominated by a small handful of middlemen marketplaces that charge outsize commissions for access to a consolidated buyer pool.”[xix]The only way small firms can compete with Amazon — or Walmart — is to band together and share their supply chain to achieve the economies of scale that can match Walmart in prices and, sourcing from local warehouses, beat Amazon in both prices and speed of delivery.Network effects are economies of scale on the Internet. But there are sometimes more important economies of scale in physical operations, like bundled deliveries and fully loaded trucks. Even more big cost and time savings accrues in supply chain operations if you’re sourcing from a local warehouse, not rush shipping an item with air freight and long-distance trucking.Retailers and sellers do their own marketing, have their own eCommerce sites (front ends — with SharedChain system hidden in the background, accessed by their system). The SharedChain system takes care of finding and registering warehouses onto their system and aggregates/organizes/optimizes the routing and distribution of products in the local market. In sum, as Lee noted, his new “supply chain process system has the potential to induce a Supply Chain Revolution in real markets, just as the Internet did in information.”[xx]SharedChain is not a retail name or brand — it’s a “backoffice” Internet system, eCommerce network, and shared supply chain/distribution system. SharedChain has pledged to never compete with its clients — never offering products for sale, no “store label” brands, no investment in any physical assets to compete as a warehouse or transportation provider (Amazon operates its own warehouses and even has its own fleet of aircraft to further steal business from any other firm). SharedChain is pledged to be the software, blockchain, back office system for a shared supply chain and eCommerce system.SharedChain is not a fully decentralized marketplace as some blockchain enthusiasts want, but is a shared supply chain and eCommerce system that greatly limits centralized control to the minimum needed to organize and optimize the physical delivery of goods. You can’t do a shared completely decentralized supply chain and local distribution operation with absolutely no one in control (or responsible). An optimized supply chain and delivery system sourcing from dozens or hundreds of warehouses in a locality, with bundled deliveries of products out to hundreds or thousands of retail stores, pick up centers or home delivery requires complete central control or you can’t achieve the efficiencies and cost savings vital to cut expenses and match Walmart prices and beat Amazon prices.The SharedChain blockchain will be the primary means that thousands, eventually millions of suppliers and retailers interact with the SharedChain database and supply chain/eCommerce system. When a supplier has finished goods ready to ship, they’ll enter a “digital asset” representing them into the SharedChain blockchain, which passes the data (if properly formatted and authenticated) into the SharedChain database. Blockchains should not hold big databases. They are great as a distributed ledgers of key transaction data, but are not efficient as giant databases. As the goods are transported to the local market, the blockchain can track them to be sure the custody of control is not broken (counterfeit goods), IOT temperature and time stamp inputs can be added, and arrival at the local warehouse in the SharedChain system verified. SharedChain’s massive, shared supply chain system with blockchain could be a god-send for IOT sensors, Big Data and AI. SharedChain will provide a huge, open supply chain blockchain that IOT devices can serve, generating data for analysis.The SharedChain blockchain is not necessary for their system to run now, but they will be adding a private Hyperledger Fabric blockchain to reduce the threat of hackers and nefarious groups ability to access the SharedChain system and to enable the many other improvements blockchain offers. Large users of the system will be asked to operate a node, and groups that can validate the quality and authenticity of products (such as organic or not, meeting claimed standards) will also be invited to both operate nodes on the blockchain and certify whether sellers did meet standards. The SharedChain utility token will be used to query and transact on the SharedChain system. As blockchain identity control and protection services advance, more consumers will take control of their identity to prevent Amazon and Facebook abuse — and the SharedChain system will accommodate this.Blockchain will enable major improvements in improving the safety and reliability of the supply chain while reducing costs and errors. Again, blockchain may be the most valuable tractor on the farm — but can’t alone replace the farm. The inventory database, routing and bundled, mixed delivery optimization, and the vast majority of the computing will not be run on a blockchain. Outside users will query and transact through the blockchain, digital assets will be created to track the provenance and ownership of goods, smart contracts will be leveraged to automate billing — but the vast majority of the data and computer calculations will be off chain. Blockchain plus all the other elements of the SharedChain shared supply chain system and process redesign and some central coordination and control are all essential for success.Sellers cannot easily access their customer on Amazon, and can be kicked off the Amazon platform if they try to directly connect. SharedChain’s system allows suppliers to deal directly with final customers or retail stores, whatever they want. SharedChain will promote and facilitate Reddit (or other) discussion groups, with many specialty channels to link consumers, suppliers, stores and facilitate interactions — the freedom of communication Amazon outlaws.Retailers who have signed up for the SharedChain system are highly motivated — they need an alternative to the current crushing vise of Amazon eCommerce domination and Walmart lowest prices to survive. Walmart annihilated “Mom and Pop” and small independent retail stores. I was a University of Nebraska Regent representing southeast Nebraska, and my district was littered with dead villages that perished when Walmart forced the small stores out of business. The cafes and barbershops followed when shopping switched to the Walmart out of town, and village downtowns and often the entire town perished. Amazon is finishing the small retailer genocide, and taking out large national chains as well. “During the first weeks of 2019, retailers shut down 23% more stores than they did at the start of 2018, according to Coresight Research. The firm concludes there’s “no light at the end of the tunnel” for troubled store companies.”[xxi]Amazon and Walmart abuse manufacturers of all sizes, but the smaller firms are less able to deal with it. Walmart also excludes small suppliers because they can’t meet the volume requirements and stringent warehouse delivery requirements they dictate. Sellers pay high fees to sell on the Amazon platform or get a slot in a Walmart store. KJ Erickson, CEO of Public Market, an open data protocol for marketplace eCommerce, notes that the net effect of Amazon policies, charges and competition is that “only the largest sellers are able to profitably use the platform.”[xxii] A recent Inc Magazine article entitled “An American Small-Business Horror Story: One entrepreneur’s tale of his time in Amazon purgatory” detailed the countless ways Amazon abuses small suppliers. “Amazon conspicuously fails to safeguard the interests of small businesses while advancing its own at their expense.”[xxiii]Amazon doesn’t just spy on customers and sell their data, they analyze seller data and copy the best performing products — cheating their key clients. Their apparent goal is to replace all third-party sellers and products with Amazon Basics versions. In March 2019, Amazon was testing a “pop-up feature on its app that in some instances pitched its private-label goods on other seller’s product pages.”[xxiv] An entrepreneur who knows Amazon and blockchain, believes that Amazon seller’s fear and hate Amazon’s unfair competition. He wrote that “Most sellers would do ANYTHING to control their company’s destiny. If that means promoting a blockchain based e-commerce platform (BBEP), you can bet your ass they would”[xxv] While thus far Amazon’s exploitive business model has made Jeff Bezos the wealthiest man in the world, it also lays the ground work for suppliers, large and small to eagerly abandon Amazon for better alternatives like SharedChain.Normally a startup faces a huge marketing challenge in building awareness and acceptance. SharedChain plans to “declare war” on Walmart, issuing press releases and staging media events with small retailer and business associations to condemn Walmart’s unfair and illegal practices in dodging taxes, forcing manufacturers to give them discounted prices, and exploiting workers who file 5,000 lawsuits annually against Walmart. Walmart has a big cohort of detractors who condemn the profiting of the Walton Family, with $150 billion in net worth from inheritance, not work — more wealth than the bottom 40% of Americans! Walmart’s enemies hate their practice of hiding cash and assets overseas to avoid paying U.S. taxes while sourcing most of its goods sold in the U.S. from overseas. SharedChain expects industry associations and word of mouth support from sellers and retailers to champion this alternative to Walmart and Amazon abuse.Strong consumer support for SharedChain is also likely. Older Americans remember how Walmart destroyed small towns and “Mom and Pop” neighborhood stores when their unfair practices ruined their business. The appeal of helping small stores and reducing the environmental damage Amazon’s long-distance rush shipping and packaging waste causes will also boost the switch to small retailers using SharedChain. Small businesses, sustainable business, and “economics as if people mattered” — the theme of economist E. F. Schumacher’s famous book “Small is Beautiful” is still a strong appeal.The modern version of Schumacher’s philosophy in our shared economy is “Shared Small is beautiful.”SharedChain can stop the destruction and abuse of Amazon and Walmart, helping not just small businesses, but small town and urban neighborhoods recover and improve our society, economy, and quality of life.Only one firm today has the three-pronged approach that’s needed to halt Amazon. SharedChain is the one platform that can make network effects in both communication and supply chain physical economies of scale for the first time. Size of individual producers or sellers do not matter anymore, just price and quality of their products.SharedChain may appear to have a ridiculous “mouse that roared”[xxvi] preposterousness, tilting at the Amazon windmill — and taking on Walmart as well. But their proposition is based on the shared economy, an army of mice, very angry mice. The small retailers and small manufacturers who have been crushed by Walmart and Amazon are very angry indeed. Enabled by blockchain technology, the patented Internet supply chain technology of SharedChain, and this switch from just in time delivery to local warehouses — this army of small companies could well defeat Amazon. Their market test was convincing: 4 hours from order to delivery at a much lower cost than Amazon. Consumers like same day delivery at lower cost than Amazon. They will also prefer small local stores that can match Walmart prices, provide far better customer service, and beat Amazon in speedy delivery.SharedChain is raising equity now to launch at functional scale.[xxvii] Many people who have looked at SharedChain compare the company’s potential to Amazon and Uber. Uber started operations in July 2010, and in October 2010 raised $1.6 million (valued at $5.4 million). A few months after that they raised $11 million in their first Venture Capital round. Despite many years of no profits, in 2018 they reached $60 billion in valuation. SharedChain has no investment in equipment or facilities, very low operating costs, and should be profitable by 2020. Uber has Lyft and other competitors — SharedChain has a patent for its system. The retail sales industry dwarfs the size of the taxi/shared ride industry.SharedChain may seems to be preposterous in taking on Amazon and Walmart — not David versus Goliath, but Arya fighting The Mountain and The Hound at the same time. But these are poor analogies because it’s not SharedChain alone, but thousands of small stores and thousands of manufacturers, and thousands of warehouse, logistics and transportation firms, all united via the SharedChain system against Walmart and Amazon.Consumers want small neighborhood and village stores back. They care about the environment and packaging killing marine life. They don’t like big tech companies profit by spying on customers and selling their personal data. They would like an economy that operates as if people matter. Blockchain alone can’t achieve this, but a full system like SharedChain can.[i] Fortune Staff, “The Shrinking Middle Class: How We Got Here, And Why,” Fortune Magazine, December 24, 2018[ii] Richard Howells, “What’s Ahead For 2019: New Business Models And Changing Supply Chain Roles”, digitalistmag.com, Jan 7, 2019[iii] Bernard Lunn, “Decentralized Marketplaces to beat Amazon = big opportunity or cypherpunk pipedream?” dailyfintech.com, June 30, 2018[iv] Deloitte, “Breaking blockchain open, Deloitte’s 2018 global blockchain survey”[v] https://openbazaar.org/[vi] https://particl.io/[vii] Olga Neroda, “Blockchain is the future of e-commerce,” hackernoon.com, Jul 10, 2018[viii] https://medium.com/bitboost/engineering-heavy-cash-light-good-bye-from-bitboost-33ea6dc8b1f1[ix] Kyle Wang, “Blockchain and the Journey Toward a New Internet Architecture,” hackernoon.com, Jan 22, 2018[x] William Mougayar, The Business Blockchain, Wiley, 2016[xi] Luke Ho-Hyung Lee, “How a “3-D” supply chain process system could revolutionize business,” Supply Chain Quarterly, Quarter 2, 2013[xii] Luke Ho-Hyung Lee, “How a “3-D” supply chain process system could revolutionize business,” Supply Chain Quarterly, Quarter 2, 2013[xiii] Luke Ho-Hyung Lee, “How a “3-D” supply chain process system could revolutionize business,” Supply Chain Quarterly, Quarter 2, 2013[xiv]Luke Ho-Hyung Lee, U.S. Patent 8,793,194 B2, July 29, 2014[xv] Luke Ho-Hyung Lee, “How a “3-D” supply chain process system could revolutionize business,” Supply Chain Quarterly, Quarter 2, 2013[xvi] Luke Ho-Hyung Lee, “How a “3-D” supply chain process system could revolutionize business,” Supply Chain Quarterly, Quarter 2, 2013[xvii] Luke Ho-Hyung Lee, “How a “3-D” supply chain process system could revolutionize business,” Supply Chain Quarterly, Quarter 2, 2013[xviii] Michael J. Casey and Paul Vigna, “In Blockchain we Trust”, MIT Technology Review, April 9, 2018[xix] KJ Erickson, “Blockchain plays can create new rivals to Amazon and eBay,” paymentssource.com, September 24 2018[xx] Luke Ho-Hyung Lee, “How a “3-D” supply chain process system could revolutionize business,” Supply Chain Quarterly, Quarter 2, 2013[xxi] Doug Whiteman, “These Chains Are Closing: Tons More Stores in 2019. The retail landscape is on the way to looking even bleaker.” Moneywise.com, March 7. 2019[xxii] KJ Erickson, “Blockchain plays can create new rivals to Amazon and eBay,” paymentssource.com, September 24 2018[xxiii] Jeff Bercovici, A recent Inc Magazine article entitled “An American Small-Business Horror Story: One entrepreneur’s tale of his time in Amazon purgatory,” Inc Magazine, March/April 2019, p. 55.[xxiv] Jay Greene, “Amazon Imposes on Seller’s Listings,” Wall Street Journal, March 17, 2019, p. A1[xxv] Matt Ward, “Blockchain vs The Big Four: How Cryptocurrencies and Decentralization Affect Google, Amazon, Facebook and Apple,” Hackernoon.com, Feb 5, 2018[xxvi] The Mouse That Roared is a 1955 Cold War satirical novel by Irish American writer Leonard Wibberley, adapted into a Peter Seller’s movie[xxvii] SharedChain is offering equity to accredited investors on the crowdfunder.com equity crowdsourcing websiteBeating Amazon with Blockchain 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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Electroneum Price Lacks Upward Momentum Despite M1 Phone Launching on Amazon UK

In the cryptocurrency world, there is never a guarantee for success whatsoever. Despite the potential any individual market may display at any given moment, there is not necessarily a direct correlation with the price. In the case of the Electroneum price, the current momentum doesn’t seem to affect the value in a positive manner. That is a bit unusual, although there is a chance things will turn around sooner or later. Electroneum Price is in an Odd Place In this volatile industry, it is always pertinent to keep the bigger picture in mind. While Bitcoin Maximalists might not necessarily pay much attention to the thousands of altcoins on the market, the rest of the community is looking at things from a different perspective. As far as Electroneum is concerned, there are plenty of recent developments which could effectively yield a much higher price in the near future. So far, the market hasn’t responded to these developments in a promising manner, though. Over the past 24 hours, the Electroneum price has dropped by 0.34% in USD value and lost 1.5% in Bitcoin value. While the current levels of $0.006437 or 157 Satoshi are still pretty solid, it seems to be a matter of time until something changes. One would expect ETN’s increased trading volume of nearly $13m to help matters move along, but that is not the case at this time. It is a sign of how the recent Huobi listing is helping this market gain more liquidity. The big news of the week is how the Electroneum M1 smartphone can now be purchased from Amazon in the United Kingdom. Although the device isn’t available through Amazon in most other countries as of yet, there is a good chance it will come to the US and other major regions fairly soon. In terms of ensuring ETN gains mass adoption, this turn of events could have some very interesting consequences moving forward. For those of you looking to buy the #Electroneum #M1 phone, its now available on Amazon UK. I'm definitely picking one up when it becomes available here in the states.#ETN to the moon! #MassAdoption — Philam Henry (@cryptophilam) March 21, 2019 There is also a chance Electroneum could be added to Litebit in the near future. While it remains to be seen if the company will acknowledge the community’s interest in this regard, there is always a good chance something will happen sooner or later. Litebit has positioned itself as a relatively important gateway for cryptocurrencies in Europe as of late. They could also provide more fiat currency gateways for ETN, which can help improve the market cap ranking in the process. Why #Electroneum of course. https://t.co/UpnlarHzE4 — CJackson (@CJ51302078) March 21, 2019 Last but not least, one Electroneum community member has started to print merchandise which is ETN-themed. While it remains to be seen if these products will ever become available for mass purchase, it is a very interesting initiative regardless. Spreading the word about any cryptocurrency is always an uphill battle. Clothing and other forms of merchandise may prove to be rather helpful in that regard. Where are the trade volume trolls NOW? #Electroneum #Fork-C the future is bright indeed 11.7 mill USD last 24 hrs #ThursdayMotivation #HumanRightsDay #SouthAfrica pic.twitter.com/8kk8Vq3JWZ — Download Electroneum 7C5E2A (@RealYungMoola) March 20, 2019 Although the current ETN price is still in the dirt, for the time being, there is a chance things could turn around at any given moment. With Bitcoin and other top markets showing some minor bullish signs, it is usually a matter of time until all alternative markets benefit from this particular trend as well. For Electroneum, the coming hours may prove rather crucial, although no one knows for sure how things will evolve exactly. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Electroneum Price Lacks Upward Momentum Despite M1 Phone Launching on Amazon UK appeared first on NullTX.
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Ravencoin Grows 20% And Continues to See RVN Token Surge in the Crypto Market

There are several altcoins that are registering interesting growth rates in the last weeks. This time, Ravencoin (RVN) was able to pump once again over 20% in just 24 hours. Although Bitcoin keeps being traded sideways, there are some altcoins that are behaving very positively. Ravencoin Spikes 20% Ravencoin was able to grow 20% and […]
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Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report

Bitcoin [BTC] Futures were thought to be a snippet of the overarching cryptocurrency market, though meager in comparison to the larger spot market. A recent report from Bitwise Asset Management, the crypto-centric investment firm has stated otherwise. In a March 20 report presented to the United States’ Securities and Exchange Commission [SEC], Bitwise analyzed the Chicago Mercantile Exchange [CME], and the Chicago Board Options Exchange, with ten prominent cryptocurrency exchanges’ in terms of their trade volume. Prior to shedding light on their Futures versus Spot findings, it must be noted that the report revealed that 95 percent of the trading volume of unregulated exchanges were seemingly “fake and/or non-economic wash trading”. Taking into account this disparity, the percentage of futures volume to their spot equivalent increases from 1.51 percent to 33.33 percent. Reported Spot volume totaled $6 billion, but after removing the “suspicious exchanges”, the actual volume recorded dropped to $273 million, in comparison to the futures market volume of $91 million. Furthermore, the increase in futures’ volume as a percentage of the spot market has been steadily increasing. From November 2018 to January 2019, the futures market was just over 15 percent, and almost doubled in February 2019 to 33 percent. Since the Futures contracts were approved in December 2017, only on two occasions did the Futures volume, in comparison to the Spot market, shoot above 20 percent; this was in May and August 2018. Futures Volume expressed as a percentage of their Spot Equivalent In terms of their stand-alone trade volume, the CME and the CBOE are in good stead against the world’s top cryptocurrency exchanges. The daily volume the CME, which brings in $84.82 million, ranks second behind Binance’s $110.5 million and ahead of Bitfinex, which records $38.06 million in daily trade volume. The CBOE also fairs well, taking the ninth spot on the ladder, ringing in $6.12 million in daily trade volume. Gemini takes the eight spot with $8.11 million and itBit caps off the top-10 with $5.58 million in daily volume. Notable, among the top-12, eight exchanges are registered within the United States. Despite the CBOE’s comparative success against the spot exchanges’, it has not been performing well against its cross-town rival, the CME. This slump forced the CBOE to delist their Bitcoin Futures [XBT] for March 2019. However, the XBT futures that are yet to expire later in the year will not be off-loaded prematurely. Bitwise also points out that the CME Futures Price tracks the Global Spot Price based on an arbitrage model. Given below is a chart attesting the same: Arbitrage between the CME Futures price and the global Spot price The post Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report appeared first on AMBCrypto.
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How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval

The SEC has held the ETF approval for Bitcoin and Cryptocurrency for a couple of reasons. The most significant reason for the same has been the unregulated marketplace. While decentralization in Bitcoin is an attribute that makes it an ideal asset class, the market places or Exchanges that provide for conversion of FIAT to Cryptocurrency is still controlled by independent entities. A recent report by Bitwise Asset Management published by the SEC inferred that more than 95% of the cryptocurrency volume is being faked. Hence, according to that, the ‘actual spot volume’ on cryptocurrency exchanges is a little above $270 million. Moreover, the reported volume of CME and Cboe Bitcoin Futures is more than one-third of the ‘actual spot volume’ estimated by Bitwise. According to Bitwise Asset Management, This is good news because it means CME— a regulated, surveilled market— is of material size, which important for an ETF. The case of a Bitcoin ETF Approval Now CME Bitcoin Futures reported a spot trading volume of $85 million. Moreover, according to Bitwise Asset Management, the actual trading volume of the Crypto-to-FIAT Exchanges is around $273 million. Hence, according to this statistic the Futures Trading Volume of CME alone accounted for 31.1% of the ‘Actual Exchange Volume.’ Moreover, there are other Bitcoin Futures market active in Europe and Japan as well. Hence, going by the above statistic, it can be said that the institutional investment might be in parity with the unregulated investment in Bitcoin. However, the Exchanges have reported total spot volumes total to the tune of $6 billion. This can necessarily raise doubts on its demand being higher than $100 billion. However, it does not directly affect the total market capitalization of a cryptocurrency.   Parity Between Spot Trading of Bitcoin and Gold The spot trading volume of Gold is 0.55% of its total market capitalization, while according to Bitwise statistics spot ‘actual spot trading on Bitcoin is 0.39%. If the CME Futures volume is included in this data, the percentage will increase to 0.51%. The OTC trading volume on most exchanges is also not added in the Exchange Data. All this suggest that the institutional investment in Bitcoin is considerably more significant than one expects. It is not only healthy in volume but also agrees statistically with the closest relatable asset class, i.e., Gold. Hence, a new form of informational mechanics for the trading of Bitcoin and Cryptocurrency in regulated Exchanges could alleviate the doubts around the Bitcoin ETF approval.   The post How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval appeared first on Coingape.
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Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA

Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. […] Cet article Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA est apparu en premier sur Bitcoin Central.
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