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A financial services company that seeks to provide financial inclusion for the un/underbanked of the world using blockchain technology.

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“Trust Machine”: Much Anticipated Documentary Had Its First Release in New York

CoinSpeaker “Trust Machine”: Much Anticipated Documentary Had Its First Release in New York The feature-length documentary “Trust Machine” is indeed an excellent attempt to present the intricacies of blockchain and cryptocurrency to the masses. It explains how, over the years, the fintech industry has managed to touch different levels of human sentiments and emotions, covering everything that goes around in the blockchain and the cryptocurrency space. One of the problems that crypto-community fears of is hacking. As the actress Rosario Dawson narrates in the movie: “The wide spread proliferations of open-source technologies like cryptocurrency and blockchain – was exactly what hackers had envisioned from beginning.” This is the example that Winter used to show how governments and institutions are fighting no matter what, to keep their power. The documentary also describes the famous Lauri Love case. Back in 2013, this British activist was charged with hacking data from United States Government computers including the United States Army, Missile Defense Agency, and NASA. Now in the movie, he claims that “the blockchain technology is going to scare the sh*t out of some very powerful people.” As always there are two sides of the (crypto)coin. One is that the blockchain technology helps the people who are still disconnected from the internet world. Recent studies shows that two billion people in the world do not have access to financial services, that one in three children born is not documented and as of 2015 that there are more than 95 million people who are stateless or war refugees. One of the blockchain platforms BanQu is helping Somalian people in Kenyan refugee camp to create their economic identity using biometrics that is then uploaded to a secure ledger. Those shared information are making BanQu users get credit or enter a contract. However, the opposite side argues that Blockchain technology was meant to be the private one. The question is: If the people buying things in the supermarket have to go through the eye scan, how private this is? Nevertheless the government power, biometry or refugee crisis, Blockchain, claims Winter, can be so much more. Nowadays we are witnessing major problems concerning the media sector and regarding unauthorized downloading of the movies and/or music. In the movie, songwriter Imogen Heap explains that the blockchain technology could help fix the problems Napster caused, letting fans support artists directly with micropayments. Fortunately or not, it seems that blockchain is here to stay. Maybe not as the Bitcoin, or Dash, but maybe simple as a technology that will help people empower themselves in the future. If you are interested to watch the movie, the next schedule is on November 16th in Los Angeles at the Laemmle Monica. “Trust Machine”: Much Anticipated Documentary Had Its First Release in New York

How One Blockchain Caters to the Unbanked

dignity through identityHow One Blockchain Company Caters to the UnbankedImage Credit — Ashish GadnisBanQu is providing a permanent identity-based solution for the unbanked through a ground-breaking initiative. The blockchain-as-a-service software company aims to address the issue of global poverty by identifying those who have remained anonymous in vulnerable situations. Jointly founded in 2016 by Ashish Ghadnis and Hamse Warfa (himself a refugee from Somalia), BanQu gives an identity to the unbanked by equipping the unverified with an economic and transactional identity so that they can participate equally in the global economy.How BanQu Gives an Identity to the UnbankedAbout 2.5 billion people worldwide have little to no access to credit and banking services, which categorizes them as unbanked/underbanked individuals. People in this category often include refugees, internally displaced persons and the world’s poorest, who remain excluded from the global economy and have no record of their education, financial history, past employment or other information needed to access banks and credit services.BanQu gives an identity to the unbanked by allowing them to create a secure online profile through simple SMS-enabled phones, as people living in extreme poverty may not have access to a smartphone. The user keeps track of everything from educational qualifications to transaction history like harvest information, which is critical for farmers, thereby gradually building a credit history. With this information, they can open bank accounts, apply for micro-loans, own property and even access healthcare and other basic services. Integrating with modern services allows the unbanked to become part of the global economy.Through the initiative, BanQu gives an identity to the unbanked by aiming to attain several of the U.N. Sustainable Development Goals and creating business models that are not only a commercial success but also have a positive social impact in developing and underdeveloped regions.Achieving Sustainable Development Goals Through ServicesGood Health and Well Being: The company runs on the principle that every human deserves a health record for timely care. Unleashing the power of blockchain technology, it provides protection of the individual’s privacy. It is looking to provide accurate and real-time information on birth registrations, vaccinations, HIV and other medical supplies and early warning of outbreaks of infectious diseases. These are extremely helpful for those who have been hit the hardest during times of conflict, natural disasters and forced migration.Quality Education: The company’s certified education platform (vocational or otherwise) allows youth to be recognized in order to gain employment, building economic resilience for themselves and the communities. A certified education record coupled with a training history is critical for vulnerable youths that are left out of the global economy.Gender Equality: A reality in the developing world is that women (especially farmers and micro-entrepreneurs) are more likely to remain in poverty in comparison to men due to unequal access to paid work, education and property. Due to their lack of access to financial services, they are unable to provide their basic history of harvest, crops/goods pricing and land/asset rights. BanQu gives an identity to the unbanked so as to solve the issue of gender inequality for women farmers and micro, small and mid-sized enterprises in emerging markets. By connecting them to global supply chains, the firm plans on creating transactional records that can be accessed from anywhere in the world.Life on Land: BanQu’s platform seeks to provide traceability in the agricultural supply chains. This adds end-to-end transparency from manufacturer to farmer. The company is piloting small-plot farmer land mapping with a focus on women farmers in Latin America. This could pave way for cases where farmers had difficulty in getting either due to outdated property registries or lack of land rights.Partnerships for the Goals: In June 2018, BanQu partnered with the world’s leading brewer, Anheuser-Busch InBev, to connect as many as 2,000 Zambian farmers to a mobile platform as they harvest and sell a projected 2,000 tons of cassava. This tech-driven approach could help the farmers yield high-quality starch used in beer by the end of Zambia’s growing season in August.Through the app, BanQu gives an identity to the unbanked and has so far linked more than 15,000 last-mile farmers, displaced persons and refugees to the platform in eight countries. Additionally, the company aims to help lift 100 million people out of extreme poverty through the use of blockchain technology by the year 2028.Originally Published on The Borgen Magazine by Deena ZaidiHow One Blockchain Caters to the Unbanked 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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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) Grayscale Tweet Grayscale BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 Nasdaq Tweet -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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