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An Indian bitcoin trading platform.

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Former CTO, Reliance Industries Limited, Kumar Kushal joins Belfrics Group as Chief Technology Officer

Kushal was also the Founder and CEO of Kanhatech Solutions Limited for five years, a subsidiary of Reliance Jio responsible for digital payments & commerce for customers, telecom agents and retail merchants To drive the blockchain-based enterprise business solutions in banking & financial services, mobile governance and enable blockchain start-ups in India. Belfrics Group has a current market valuation of over 400 million USD now and targets revenue growth of 10X in the next two years. MUMBAI, India, Jan. 31, 2019 /PRNewswire/ -- Belfrics, a Malaysia-based global blockchain infrastructure & technology solution provider and a crypto asset exchange appoints Kumar Kushal as the Chief Technology Officer at the company.  Mr. Kushal presently is also the Global CTO for Tiller Capital, a New York-based multibillion-dollar investment house with a diversified portfolio in technology, financial services, telecommunications and infrastructure. His role at Tiller Capital the last two years is that of a digital transformation business architect focused on delivering trusted computing technology, blockchain enabled financial services, e-retail, e-travel, e-commerce, supply chain management, logistics and supply chain financing. Kushal is an expert in building focused, result oriented technology teams and business development teams for global businesses ...Full story available on

Belfrics Group launches Belrium, a KYC compliant blockchain

CryptoNinjas Belfrics Group, a global blockchain technology firm that runs bitcoin exchanges and blockchain development solutions across 10 countries, today announced the global launch of Belrium mainnet – a KYC compliant blockchain. Belrium aims to... Belfrics Group launches Belrium, a KYC compliant blockchain

Belfrics Group Launches Mainet Of KYC Compliant Blockchain Belrium

Blockchain firm Belfrics Group has announced the global launch of the Belrium Mainnet – a know your customer (KYC) compliant blockchain platform. Headquartered in Kuala Lumpur, Belfrics is a blockchain company that runs a fiat-currency exchange and blockchain developments across 10 countries, including Singapore, India, and Kenya. It was created in 2014 by a group of entrepreneurs who envisioned the opportunities and benefits of blockchain solutions for the global markets. Belrium aims to empower individuals and businesses with “the world’s smartest KYC integrated enterprise grade blockchain solution.” The solution is designed to facilitate on-demand, secure and low cost access to KYC verification services via the blockchain, such that background and personal information verification checks will no longer need to be undertaken from the ground up every time. “Belrium is unique in this context as it enables businesses and enterprises to not only reduce the customer on-boarding time but also simplifies the compliance process by eliminating the need for repetition,” Belfrics said. In addition to the mainnet going live, Belfrics is also releasing two decentralized apps (Dapps) on the blockchain – a certificate issuance Dapp and a payroll Dapp. These Dapps will reportedly give an easy access to small and medium enterprises (SME) to experience the capabilities of the distributed ledger technology within their business domain. Praveen Kumar, CEO & Founder of Belfrics, said that the Belrium blockchain will focus on getting governments and regulators to evaluate the strength and capabilities of the plaform, rather than worry about the value of the instrument. “Various national IDs, land records, universities, banks and charity organization will soon be doing live transactions on Belrium blockchain,” Kumar said. “Our Belfrics Exchange itself is the first user of the Belrium blockchain as the traditional KYC verification system of the exchange will be replaced by Belrium blockchain verification.” Santhosh Palavesh, Chief innovation Officer of Belfrics, said that public blockchains have traditionally struggled in terms of adoption with various regulators due to its nature of anonymity. “We have been constantly evolving the capabilities of our blockchain to align with the practical use cases of various industries,” Palavesh said. “Belrium blockchain will have various national government transactions riding on our infrastructure in 2019. Belrium does not process any unverified wallet transaction on its public blockchain. The private blockchain, which is called BKVS (Belrium KYC Verification System) acts as the identity verifier for the wallets. We are the only blockchain to have a stringent financial framework which ensures data security, which is extremely crucial for government authorities.”
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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.

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.

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.
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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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