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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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Anheuser-Busch InBev Expands Partnership With BanQu Blockchain Project for Supply Chain Benefits

The parent company of Budweiser, Anheuser-Busch InBev recently announced that they are investing more in the Series A investment in BanQu. BanQu is the first ever blockchain Economic Identity technology that enables a secure and immutable platform for creating economic opportunities for people around the world living in extreme poverty. It uses a proprietary method […]
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BanQu Secures Partnership with RSM Spain to Bring Supply Chain Transparency, Traceability and Sustainability to Spanish and European Markets

MINNEAPOLIS, May 17, 2019 /CNW/ -- BanQu, Inc.'s groundbreaking for-profit / for-purpose blockchain-as-a-service software company secures a key strategic partnership with RSM Spain, the Spanish member firm of RSM International, a global network of independent audit, tax and consulting firms with more than 41,000 people in 116 countries. RSM Spain will open up new market opportunities across European supply chains for BanQu, the world's first and only non-cryptocurrency blockchain platform. BanQu's innovative technology provides unprecedented benefits to businesses like RSM Spain, seeking end-to-end supply chain transparency, traceability, and efficiency while ensuring compliance with the United Nations Sustainable Development Goals (SDGs). The alliance between BanQu and RSM Spain will provide an immutable ledger of information about the company's distributed supply ...Full story available on Benzinga.com
Benzinga

BanQu Secures Partnership with RSM Spain to Bring Supply Chain Transparency, Traceability and Sustainability to Spanish and European Markets

MINNEAPOLIS, May 17, 2019 /PRNewswire/ -- BanQu, Inc.'s groundbreaking for-profit / for-purpose blockchain-as-a-service software company secures a key strategic partnership with RSM Spain, the Spanish member firm of RSM International, a global network of independent audit, tax and consulting firms with more than 41,000 people in 116 countries. RSM Spain will open up new market opportunities across European supply chains for BanQu, the world's first and only non-cryptocurrency blockchain platform. BanQu's innovative technology provides unprecedented benefits to businesses like RSM Spain, seeking end-to-end supply chain transparency, traceability, and efficiency while ensuring compliance with the United Nations Sustainable Development Goals (SDGs). The alliance between BanQu and RSM Spain will provide an immutable ledger of ...Full story available on Benzinga.com
Benzinga

“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
Coinspeaker

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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OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts

The recent popularity Initial Exchange Offerings (IEO) have been experiencing over the last few months has brought what it appears to be like a new bull run. An incredible example of success is the OKB token issued by OKEx, one of the largest cryptocurrency exchanges by trading volume in the world, which has impressed the market beyond expectations having experienced an increase in the price of 163% since launched. Shinobi Capital, a leading blockchain advisory firm and also an investor in early-stage start-ups, has released its latest evaluation report estimating that the OKB price will grow further to US$30.75, 17 times the current price, by the end of 2020. According to Jason Hill, the founding partner of Shinobi Capital:  Exchanges tokens will be the powerhouse of the development of the digital asset market and even blockchain technology. Following a series of IEOs powered by exchange tokens in H1 2019, the market is marching to the next round of bull run. OKB, as a market leader of exchange tokens, is also welcoming its own uptrend. Backed by a number of use cases and a large user base of OKEx, OKB has demonstrated a huge potential of growth. The established blockchain and cryptocurrency advisory firm is well-known for its extensive experience in start-up investment. In their evaluation report of OKB, Shinobi Capital lays out the two most important factors that will affect OKB’s future trading volume, the development of the OKChain mainnet and the overall the crypto market condition. Furthermore, the report also establishes a comparative evaluation model with other major platform tokens, including Binance Coin (BNB), EOS, and TRON (TRX). This comparative evaluation studies different aspects of each token such as trading volume, price patterns, and usage demand. The latest OKB buy-back & burn program is also taken into account to evaluate the token’s future price trend. It is expected that by the end of 2020, the price of OKB will reach USD30.75 and its market capitalization will be about USD7.068 billion. There is a significant growth lag in OKB at this stage, and the potential of price growth needs to be further released. In the next round of market recovery and boom, OKB is likely to become one of the fastest-growing assets in the market. Disclosure: This is a sponsored press release The post OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts appeared first on NullTX.
NullTX

Ethereum Classic presents roadmap to improve DApp development and overall infrastructure

Experts of the cryptospace are making use of DApp services to simplify the entire blockchain process. Along these lines, Ethereum Classic’s [ETC] core development team has put forth an initiative to revamp its existing ecosystem. Moving forward with an aspiration for refinement, ETC’s team is developing fresh features over blockchain technology, a development that will […] The post Ethereum Classic presents roadmap to improve DApp development and overall infrastructure appeared first on AMBCrypto.
AMBCrypto

David Marcus Grilled During Facebook's Senate Hearing

During the first of two congressional hearings regarding Facebook's Libra cryptocurrency, project lead David Marcus went as far as to say he'd be willing to take his salary in Libra after intense grilling from Senator Sherrod Brown.
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David Marcus Questioned Over Libra by Congress

Facebook is finally facing its reckoning as David Marcus, head of the company’s blockchain division and the leader of Libra, the venture’s new cryptocurrency, was grilled by Senate members who refuse to believe in Facebook’s allegedly noble financial plans. Libra: A Congressional Issue? Many people have a hard time believing in Facebook’s morality following the Cambridge Analytica scandal. Discovered in 2018, Facebook had allegedly been selling users’ private data for years to third parties for advertising purposes. Following Mark Zuckerberg’s Senate hearing last year, trust in Facebook has fallen to an all-time low. In many ways, this new “congressional step” for the social media conglomerate should serve as a huge learning experience. When you’re a company of Facebook’s size and you do anything to compromise the safety or privacy of your customers, you can bet it’s going to take a long time to earn their trust back. Facebook is learning this lesson in spades right now, as several Senators taking part in the hearing commented about the lack of trust they feel towards the company and its executive team. Sherrod Brown, a Democrat from the state of Ohio, commented:  Facebook has demonstrated through scandal after scandal that it doesn’t deserve our trust. We’d be crazy to give them a chance to let them experiment with people’s bank accounts. Senator Martha McSally, a Republican from Arizona, stated that Facebook is simply trying to shift gears and get people to focus on something else entirely, in this case cryptocurrency. Rather than seriously attempt to fix its reputation, it’s working to divert people’s attention with an entirely new product. She says: I don’t trust you guys. Instead of cleaning up your house, you are launching into a new business model. In addition, Facebook is also being criticized for its complete lack of coordination with policymakers. Throughout the early development of Libra, Facebook’s executive team failed to make any contacts with regulators or legal authorities to potentially understand how the cryptocurrency could better satisfy present financial laws and terms.  Trust Takes a Long Time to Build At least David Marcus isn’t lying to himself. He acknowledged during the hearing that it would likely take a while before the company can earn people’s trust well enough that they would provide their banking details. He states:  I want to make it clear that we are only at the beginning of the journey. We expect the review of Libra to be one of the most extensive ever. Facebook will not offer the Libra currency until we have addressed the concerns and receive appropriate approvals… We will not control Libra and will be one of over 100 participants that will govern over the currency. We will have to gain people’s trust if we want people to use our network over the hundreds of competing companies. The post David Marcus Questioned Over Libra by Congress appeared first on Live Bitcoin News.
Live Bitcoin News

Waves CEO Has Sold His Stake At Vostok, A Waves Blockchain Affiliated Project

Alexander Ivanov, the founder, and CEO of Waves has recently decided to fully sell his stake of Vostok, blockchain spin-off of the Waves platform. According to a recent press release, now only the GHP Group, which bought all the stakes, will be the owner of the project. The CEO also affirmed on the press release that […]
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