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Hedera Governing Council Onboards IBM and Tata Communications

In a blog post on August 12, 2019, Hedera Hashgraph, a decentralized public blockchain network announced that IBM and Tata Communications, a leading telecommunications company and global provider of digital infrastructure services,  have joined the Hedera Governing Council, to guide the guide growth of the Hashgraph distributed ledger. New Partners Per the blog post, IBMRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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IBM and Tata Join Hadera Partner to Build a Libra and Ethereum Lookalike

The race for Blockchain implementation by Tech companies is getting more and more demanding. The last day saw significant progress made by IBM Tata Communications and IMB. The two Tech Giants joined the governing council of what could be one of the most successful blockchain projects of this decade – the Hadera Hashgraph. Owned by Asia’s richest man, while Reliance Jio, a Telecom Company in India aims to “build the largest blockchain” network of the world. On the other hand, Tata Communications and IBM joined the Governing Council of Hadera Hashgraph. According to the charter of the Hadera Hashgraph LLC, the members are equal owners of the company. Hadera – PoS Network with a Native Cryptocurrency (HBAR) HBAR will be the native cryptocurrency of the Hadera Public network. Hbar is the network fuel that secures the Proof of Stake (PoS) network. Hadera’s PoS network will be used to support decentralized applications (Dapps), build peer-to-peer payment and micropayment business models, and protect the network from malicious actors. Hadera Performance Statistics (Source) Hadera plans to release the tokens by the end of summer (US) 2019. It will begin for SAFT  (Simple Agreement for Future Tokens) investors. Moreover, it also expects to release the tokens on Exchanges in 2019 as well. It will have a fixed supply of 50 billion coins and will be denoted by the HBAR (ℏ) symbol. The system shows a lot of resemblance with the Libra Association announced by Facebook. The cryptocurrency and the Hadera network is expected to be independent of the LLC. Moreover, the 39 members will form the governing council for the network. Moreover, the cryptocurrency and PoS network replicates one of Ethereum, Tron or EOS aiming to provide similar functionality as well. IBM and Tata Communications are the first big technology companies to join the initiative. The joined the council alongside Nomura and Deutsche Telekom. Hyperledger – the ‘de facto standard’ While cryptocurrency is just the tip of the iceberg, Blockchain has a vast array of potential. IBM has been exploring and developing the Blockchain space for quite some time now. It has deployed many projects with leading firms like Maersk and Walmart. The IBM World Wire is another arm working with the Financial Services Industry. Furthermore, Hyperledger is an open-source collaborative effort to advance cross-industry blockchain technologies. It is hosted by the Linux Foundation, including leaders in various other industries. It is building a standard for blockchain implementation for the firms. Microsoft and Ethereum Foundation are members of Hyperledger as well. Jerry Cuomo, Vice President of Blockchain Technologies at IBM, said, “We are excited to join the Hedera Governing Council and explore relationships between public networks and industry-specific networks. Hyperledger has proven to be the de facto standard enterprises use to build, manage, and deploy blockchain-based ledgers.” The Hadera Hashgraph will now provide for the implementation of blockchain and cryptocurrency by technology giants using the principles of Hyperledger. Cuomo also added, “We believe Hedera could help provide an interesting way to enhance and simplify the deployment of Hyperledger Fabric in the enterprise, making it easier for groups to build and grow their networks.” Blockchain is essentially a distributed database that secures the information cryptographically. This provides security against tampering and loss of data. Currently, the data and information are stored in centralized servers of firms. Blockchain implementation is increasingly finding applications in a plethora of industries. These Blockchain initiatives by Tech Giants are far more advanced than the existing platforms like Ethereum and EOS. Furthermore, while Libra is caught up in a regulatory mess, these associations have been quietly developing a global blockchain network. Do you think that the new wave of Blockchain implementation will outshine the current cryptocurrency markets or will they have a role in it? Please share your views with us.  The post IBM and Tata Join Hadera Partner to Build a Libra and Ethereum Lookalike appeared first on Coingape.

Tech Giants IBM and Tata Communications Join the Hedera Hashgraph Governing Council

Coinspeaker Tech Giants IBM and Tata Communications Join the Hedera Hashgraph Governing CouncilIn a major breakthrough development, tech giants IBM and the Tata Communications group of India have officially joined the governance council of Hedera Hashgraph. Hedera Hashgraph is a public network similar to blockchain specifically designed for businesses and enterprises.Just a year ago in August 2018, Hedera raised a whopping $124 million for future developments, despite a massive slowdown in the crypto market. The Hedera network is backed by some of the industry giants like hedgefund BlockTower Capital and the Digital Currency Group.Hedera plans to have a total of 39 members in its governing council. Apart from the latest entrants like Tata and IBM, some other big members include Deutsche Telecom AG and Nomura Co Ltd. Speaking to CoinDesk, Hedera CEO Mance Harmon said:“Our goal is to create the most decentralized governing body of any of the major public platforms. We’re covering multiple industries … and we’re wanting global coverage.”Hedera’s Distributed Ledger Technology (DLT) works differently compared to other blockchain networks. The Hedera network supports distributed file storage along with micropayments and smart contracts. In the future, it also plans to support the merging of the private network into public and take the benefit of its transaction ordering mechanism.Adding Feather to Its CapWith giants like IBM and Tata partnering with Hedera, the Hedera project will get a huge boost. Besides, IBM notes that Hedera’s unique ability to unify private and public network is of key interest to them. IBM says that it will use this feature to create trust in the company’s Hyperledger Fabric networks.In his turn, Bryan Gross, principal offering manager of the IBM Blockchain Platform, noted:“The most exciting part is the proposed Hedera Consensus Service. It has the potential to provide the core innovation of proof-of-work blockchains, like bitcoin and ethereum, without the performance and privacy trade-offs that are typically associated with these networks.”Adding to it, Hedera chief Harmon said: “Hedera Consensus Service makes it possible for Hyperledger projects out there to use the service to put transactions in order and eliminate the need for them to stand up nodes for transaction ordering, and they get the trust model of a public network”.Harmon thinks that with major giants like IBM and Tata joining the Hedera network will help in its further decentralization. The Hedera governance as such includes many checks that prevent any sort of power centralization taking place. The council members have an equal say in setting up policies for the network as well as approving updates to Hedera’s codebase.Tech Giants IBM and Tata Communications Join the Hedera Hashgraph Governing Council

Off The Block: IBM Joins Hedera Hashgraph Governing Council

IBM isn’t just about blockchain anymore. In addition to their joint efforts with Hyperledger Fabric and World Wire, Big Blue is now pitching in for a different form of DLT: Hedera Hashgraph.  The tech giant is now joining Hedera’s Governing Council, along with Tata Communications and a growing cast of council members. The Governing Council will comprise up to 39 organizations, which currently include Nomura Holdings, Deutsche Telekom, DLA Piper, Magazine Luiza, and Swisscom Blockchain, along with a variety of companies from a diverse range of industries. By joining, IBM hopes to ensure decentralized and responsible governance for the distributed ledger platform.  The addition of IBM and Tata Communications “is a powerful endorsement of the hashgraph consensus mechanism, and further decentralizes the governance of Hedera Hashgraph,” said the CEO of Hedera Hashgraph, Mance Harmon. The Hedera governance model, he explains, “ensures power can’t be consolidated, while at the same time providing a stable and scalable platform on which developers can build.” Hedera’s Governing Council eliminates the possibility of forks occurring on the platform, with each member having an equal say in updates and policies for Hedera’s network nodes. Each council member may serve a maximum of two consecutive three-year terms. Jerry Cuomo, Vice President of Blockchain Technologies at IBM, says that the company represents a chance to explore relationships between public and private ledgers. Touting Hyperledger as the “de facto standard” for enterprises to design and deploy distributed ledgers, he believes Hedera could “enhance and simplify the deployment of Hyperledger Fabric in the enterprise, making it easier for groups to build and grow their networks.”   Ankur Jindal, Global Head of Corporate Venturing and Innovation at Tata Communications, explained how his company can contribute to Hedera as a global digital infrastructure provider.  Innovations in DLT, AI, and IoT can change the way the world interacts, he explained. “These emerging technologies can be harnessed to strengthen our efforts to improve operational efficiencies and enable our customers’ digital transformation worldwide.” Tata Communications will contribute to the council in an effort to “help deliver the potential of DLT to the wider digital economy,” Jindal added. Hashgraph CEO Harmon expressed the vital role of distributed ledger technology “to the future of digital trust and commerce.” Hedera’s Governing Council, he explained, “lays the foundation for a fair and stable commercial platform,” allowing Hashgraph’s distributed consensus model to provide strong security and high performance for enterprise adoption.   The post Off The Block: IBM Joins Hedera Hashgraph Governing Council appeared first on Crypto Briefing.

IBM And Indian Telecom Firm Tata to Become Part of Hedera Hashgraph’s Governing Body

Technology giant IBM and the Indian telecom company Tata Communications have recently announced that they would be a part of the Hedera Hashgraph, a blockchain network that was created for enterprises. The blockchain network has affirmed that the presence of these two companies is set to decentralize even more control of the company. At the […]
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IBM and Tata Communications join Hedera Governing Council

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceHedera Hashgraph, an enterprise-ready distributed ledger platform, has announced that IBM and Tata Communications have joined the Hedera Governing Council. The Council, which will comprise up to 39 multinational entities from a diverse array of industries, was designed to ensure decentralized and responsible governance for a next-generation Distributed Ledger Technology (DLT) platform. “The addition of […]https://www.cryptoninjas.net/2019/08/12/ibm-and-tata-communications-join-hedera-governing-council/
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Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town

Ever since Facebook unveiled its Libra cryptocurrency, the project has encountered regulators’ wrath across the world. However, governments, crypto exchanges, and institutions think that Libra is a great idea and they are now developing their local tokens to rival Libra. The People’s Bank of China is reported to be developing a token that will encroach the market that Facebook targets. The latest entrant into this race is Binance. This top crypto exchange announced that it will launch an open blockchain project dubbed ‘Venus’. The project aims to develop localized stablecoins throughout the world. In an official announcement published on August 19, the exchange said that it is perfectly positioned to launch such a currency ecosystem. The move comes in the wake of its existing public chain technology, Binance Chain. The public chain comprises of a wide user base and an already existing global compliance measures infrastructure. Leveraging Already Active Know-how Binance announced that it is looking for partnerships with corporations, governments, technology firms, and other blockchain and crypto projects. It aims to develop a new currency ecosystem that will empower the developed and developing nations. Furthermore, the exchange’s vision for its Venus project is to create a new open alliance and sustainable community. The community is meant to accept and enlist all partners who have influence globally. According to the announcement, Binance Chain already supports multiple native asset-pegged stablecoins. Some of the stablecoins that it runs include the Binance BGBP Stable Coin (BGBP) that is pegged to the British Pound and the Bitcoin (BTC)-pegged stablecoin (BTCB). Additionally, Binance says that it will leverage the existing infrastructure and experience with different regulatory regimes. That will enable it to set up a compliance risk control system and create a multi-dimensional cooperation network for the Venus project. Contending with Libra The new ambitious venture by Binance seems to compete directly with Facebook’s fiat-pegged stablecoin, Libra. Facebook’s wants to launch a system that will power a global cryptocurrency payments network integrated into the company’s wholly-owned apps that include Messenger, WhatsApp, and Instagram. The choice of this name ‘Venus’ seems to show that Binance is also entering the astrological waters. These waters feature the Winklevoss Twins’ Gemini dollar and Gemini exchange together with Facebook’s Libra project. Whether Venus will outmuscle Libra in the new global stablecoin space or not, only time will tell. Like what you're reading? Subscribe to our top stories The post Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town appeared first on FXTimes.com - Daily Cryptocurrency and FX News.

Binance Announces New Stablecoin Initiative Venus – the “One-belt-one-road Version of Libra”

The world’s largest cryptocurrency exchange Binance has announced the plan of launching an open blockchain project “Venus”, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published today Aug.19, the localized stablecoin initiative will leverage the exchange’s existing infrastructure such as its public chain Binance Chain and cross-border payment systems, wider user base and already established global compliance measures. Bearing a similar vision with social media giant Facebook’s Libra, “Venus”, defined as a “regional version of Libra”, aims to break down the financial hegemony and reshape the world’s financial system, which enables latecomers to have more initiative and stability in finance, as well as enhance the economic efficiency of countries. The exchange says it is seeking “partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.” “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.” said He Yi, Binance co-founder and CMO. In its Chinese version of the announcement, the exchange believes that “Libras are growing at an exponential rate and will reshape the world financial system, bringing changes more than the Internet. Instead of resisting change and losing the opportunity, it is better to embrace the change. Under the planned economy system, the successful experience of Shenzhen’s bold exploration of market economy is a good case. At the same time, Libras need to be developed in an orderly manner under the regulatory framework.” In conclusion, it added three suggestions for the Chinese regulators – The central government should establish the core strategic position of blockchain industry and digital stablecoin in the future financial system; Establish a regulatory sandbox within a certain scope and pilot payment and settlement services based on digital stablecoin; Allow private enterprises to issue digital stablecoins and develop cross-border payment and settlement systems. Prior to it, Zhou Xiaochuan, the former governor of PBOC (People’s Bank of China), stated that Libra represents the trend of digital currencies, China should take precautions and undertake policy research. Following that, Huawei founder Ren Zhengfei  said that China can issue a Libra-like currency to take the lead in the blockchain sector. With these positive signals, the exchange is responsive and acting fast. Its cofounder He Yi said “Venus” is the “One-belt-one-road version of Libra”. Cofounder of Binance .@heyibinance said “Venus” is the “One-belt-one-road version of Libra” Totally nailed it pic.twitter.com/RqfaPH8zE1 — Dovey Wan 🦖 (@DoveyWan) August 19, 2019

HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility

Yesterday’s Movers and Shakers Since yesterday, the coin that fared the best out of the 133 coins in our index was HyperCash, whose price is up 51.55%. Rounding out the top four currencies for the day were Metal, WePower, and Bread, which provided holders with returns of 17.75%, 13.98%, and 12.04% for the day. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex A Macro View of the Crypto Market Overall, the average change in coin price for the coins we’re tracking was up 1.6592%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 3 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves The coins that crossed their moving average are: Chainlink, Verge, HyperCash. Likewise, volatility has continued to trend lower and contract for 18 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom? Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility appeared first on DecentralPost.

The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling

The origin story of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has seen outright lies, conjecture, and its fair share of ‘reveals’. By now, for many, it has become irrelevant, and any new ‘revelation’ gains a healthy dose of cynicism. But here we are again, with a promise of an unveiling in little under 36 hours. Could it be different this time? I’m Satoshi Nakamoto, And So Is My Wife You could be forgiven for having a touch of Satoshi Nakamoto fatigue. In the past few months alone, we’ve endured multiple theories regarding an Estonian connection, a drug lord who invented Bitcoin purely to launder money, and a failed attempt at viral marketing (anybody actually use PAI news?). Not forgetting, of course, Craig Wright’s ongoing delusion in the face of mounting evidence of his serial forgery. So when a new website appears claiming that ‘all will be revealed’ in a three part series of posts… well you’ve got to expect it to be taken with a(n un)healthy pinch of salt. But that’s exactly what happened over the weekend. We even got to read the first part of the three-part reveal, and… it’s strangely compelling. Satoshi Nakamoto Renaissance Holdings The website bears the name ‘ Satoshi Nakamoto Renaissance Holdings’, and the ‘Truth’ is as told to Ivy McLemore, a PR and marketing consultant… and apparently a man. So far, so readily dismissible as another waste of time marketing ploy. The site even admits that part three of ‘My Reveal’, along with the Nakamoto’s true identity, will provide details about Tabula Rasa, Satoshi’s vision (sorry Craig) for the future of Bitcoin. But if this is just another attempt to cash-in on the Bitcoin bandwagon, then whoever is involved has done a better job than most of the others. Names, Numbers, And A Chip On His Shoulder The fact that ‘Satoshi Nakamoto’ has a beef against the banking industry will come as a shock to no-one. The fact that this beef harks back to the 1991 closure of the ‘World’s Sleaziest Bank’, BBCI might. Allegedly, part of his motivation was to redeem BCCI, even going so far as basing the name of Bitcoin on it; Bank of CredIT and COmmerce INternational. He also had trouble opening a bank account when visiting the UK. According to this latest ‘testimony’, Satoshi came from Satoshi Sumita, a Japanese Central Banker, who presided during a period when the country became the world’s largest creditor nation. Satoshi was also an exact match in Chaldean numerology (which also features greatly) for Nakamoto’s childhood nickname of ‘Shaikho’. Nakamoto came from Hal Finney, who helped him to create Bitcoin. Dorian Satoshi Nakamoto lived in the same California neighbourhood as Finney. He was later mistakenly identified as the Bitcoin creator by Newsweek. Satoshi Nakamoto is the number 55 in Chaldean numerology, representing the total and complete man. Finney also provided remote computers to work on, leading some to speculate that Nakamoto had been based in California. He had actually started his work in Pakistan, later travelling between Pakistan and the UK. ‘Nakamoto’ describes Finney as his Steve Wozniak, the technical genius who partnered Steve Jobs at Apple. The Best Is Yet To Come So part one of ‘My Reveal’ is detailed, fits some of what we already know about Nakamoto, and explains some of the things that we didn’t know. And the best bit is that we don’t have to wait too long for parts two and three. Part two, available at 4pm EST today, will reveal more about how Nakamoto’s belief in Chaldean numerology influenced many of his decisions regarding the development of Bitcoin. It will also give all the facts about his 980,000 BTC personal stash. Then part three will be published just 24 hours later. Will we finally learn Satoshi Nakamoto’s real-life identity, and his vision for the future of Bitcoin? Craig Wright must be quaking in his loafers… or sitting smug in the knowledge that this is just a ploy, and he is the real… nah, just kidding, quaking in his loafers. Do you think this time Satoshi Nakamoto will finally reveal his/herself? Let us know your thoughts in the comment section below! Images via Shutterstock The post The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling appeared first on Bitcoinist.com.
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