Day: October 4, 2017

The 0x protocol will surprise a lot of people in the coming months. Thanks to its focus on ERC20 token trading, any platform can use this protocol moving forward. Paradex is one of those exchanges taking full advantage of what 0x has to offer in its current form. This new P2P ERC20 exchange will launch … Continue reading Paradex Aims to Facilitate Peer-to-peer In-Wallet ERC20 Token Trading

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Addressing a major industry conference today in Barcelona, Viktor Shpakovsky, co-founder of  The Token Fund, a crypto asset investment vehicle, outlined the benefits he along with his colleagues are planning to bring to their new fund creation and management platform Tokenbox. Announced last week, the Tokenbox’s Initial Coin Offering (ICO) starts Oct. 24, but until … Continue reading Tokenbox, an All-Purpose Solution for Fund Managers and Investors

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How established firms are incorporating Blockchain into their apps.

Dentacoin, the first cryptocurrency designed for the global dental industry, offers a unique opportunity for everyone to become involved in improving dental health around the world through a new-age approach. Its ICO was launched on the 1st of October and at the moment of writing 60% of the soft ICO cap are reached. Reaching the soft cap will help the Dentacoin Foundation to fulfill the next targets on its Roadmap. In no particular order, here are 8 reasons to support Dentacoin.

Disclosure: This is a Sponsored Article

You like supporting projects with a higher chance for value multiplication

Dentacoin is an operational business, built on fundamental macro- and micro economic facts.  These facts include the financial incentives people need to receive in order to do certain things that are in their own self-interest.  According to serious calculations in the Whitepaper, the fundamental price of Dentacoin is over 3700% higher than the offered ICO price. After the ICO the real-life value of the Dentacoin tools is expected to increase the market price. Since its Presale in July, Dentacoin already increased its value multiple times, so there are good chances that this process will be repeated on a higher scale after the ICO thanks to the large number of people using the token.

You care about helping others.

Dentacoin is engineered to improve global dental health.  With about $400 billion USD wasted every year on preventable dental problems, this ranks high on the list of medical problems humanity can solve.  Buying Dentacoin at the ICO is a vote of confidence in the ability of human beings to use technology to improve the lives of others.  The success of Dentacoin can inspire others to tackle other major global problems with new ideas.

Dentacoin Assurance aligns patient and dentist interests.

Right now, more money is spent on solving preventable dental problems than keeping teeth and gums healthy.  This is a result of patients operating under one set of financial principles and dentists operating under a different set.  Dentacoin Assurance is an innovative concept, which uses blockchain technology to create a relationship where the goals of both patients and dentists are aligned.  Both benefit from the patient’s healthy teeth.

Dentacoin Trusted Review Platform will reduce dentist operational costs.

A dental practice is a business, and that business includes the need to keep current patients coming back while attracting new patients.  This can be an expensive and time-consuming job for the dental professional, who has been medically trained to practice dentistry, not marketing.  The Trusted Review Platform is a collection of unedited reviews of the dental practice which is a great opportunity for a dental practice to attract new patients, and also a great source of valuable feedback, which the dentist can use to improve the quality of the treatment.

Blockchain allows for low cost.

Maintaining the security and integrity of a database used to be very expensive.  Even companies with a significant financial risk of loss who spend large amounts of money on cyber security have suffered data breeches.  Blockchain technology is an absolute game-changer in this arena, and Dentacoin integrates the Blockchain into all tools developed and planned, including smart contracts, to impact the global dental community in the most efficient manner.

Dental industry is ripe for disruption.

As the first cryptocurrency designed for the global dental industry, Dentacoin is a disrupter, and industries marked by many small providers are ripe for disruption.  Statistics from the American Dental Association released in 2016 show that over 75% of dental practices employ less than 10 people.  There are no large dental chains.  Dentacoin will enter this market and change the way dental services are provided.

Dentacoin represents next-gen blockchain valuation.

Bitcoin and other cryptocurrencies that depend on speculators for their value represent the first generation of blockchain technology.  Cryptocurrencies like Dentacoin that are used in common transactions, like a trip to the dentist, represent a very different valuation model.  The market for cryptocurrencies will begin to adopt business valuation techniques for coins like Dentacoin that represent operational enterprises.

Dentacoin ICO price is exceptionally low.

Too much can be made about the price of a cryptocurrency at the Initial Coin Offering, but the ability to purchase a very large number of Dentacoin with a very small initial commitment is an important consideration.  An ICO is designed exclusively to raise operating capital and is a function of both the number of coins sold and the price.  Dentacoin is engineered with a large number of coins to facilitate global acceptance as a currency, therefore a very low initial price allows everyone to join.

Are there other reasons?

These 8 reasons might not even be considered the top reasons to invest in Dentacoin at the ICO, which is LIVE at this moment.  “Diversification of a cryptocurrency portfolio” is not even on this list, nor is “Use the coins for dental treatments”.  “Dentacoin is designed to be deflationary” is another long-term reason for buying at the ICO.  Regardless, the economic reality will show itself as Dentacoin permanently improves global dental health.

Malta is one of the Blockchain-friendly countries in Europe, as it aims to become an ideal grooming place for the technology in the region

Price action and historical analysis suggests brighter days ahead for the XRP/USD exchange rate.

Alexander Vinnik appears to be losing the battle to clear his name over activities relating to Bitcoin exchange BTC-e.

When it comes to blockchain consortia, it appears most people can only name one or two. The R3 consortium is the best-known name right now, although there is also a consortium of Japanese banks exploring blockchain technology. Over in Europe, there is the B3i consortium, which stands for Blockchain Insurance Industry Initiative. It’s an interesting creation, considering Europe isn’t necessarily a hotbed for either blockchain or cryptocurrency right now.

The B3I Blockchain Consortium in a Nutshell

Although most people will always doubt the concept of blockchain consortia working on private ledgers, there are some valid opportunities waiting to be explored. Last year, a couple of major European insurance and reinsurance providers set up their own blockchain consortium, which is known as B3i. It’s an interesting venture, especially when considering how Europe is a relatively quiet market when it comes to cryptocurrency and blockchain these days.

No one will deny most blockchain-based projects revolve around the financial sector these days. In a way, that’s not entirely surprising, considering this industry direly needs some innovation. Cross-border money transfers can be made cheaper and far more efficient using blockchain technology under the hood. There are some improvements to be made in the insurance sector as well, as far as B3i is concerned.

The fact that there is an official Blockchain Insurance Industry Initiative means there is a bright future ahead for DLT in the insurance and reinsurance industry. Coming up with a convenient solution allowing multiple parties to exchange ideas, create new use cases, and pursue proofs of concept is the main bread and butter of this initiative. There are many improvements to be made when it comes to the insurance sector, although none of these changes will occur overnight and without meticulous research.

Blockchain has the potential to be a catalyst for major change in every single industry imaginable. The insurance and reinsurance industry is no different in this regard. Actively pursuing partnerships through this blockchain consortium will help create global industry standards and best practices. Moreover, the consortium will also make strategic investments along the way to help build smarter solutions for everyone involved. It is a fairly ambitious goal, but one that can certainly be achieved in the near future.

Several insurance providers have been exploring blockchain opportunities on their own for quite some time now. It is evident B3i will continue to grow and attract new members for the foreseeable future. It is also evident there are a lot of improvements to be explored, although nothing has been set in stone just yet. Increasing transparency, reducing fees, and providing cross-border solutions are some of the potential use cases for blockchain technology right now.

No one will be surprised to learn that the initial members of the R3i blockchain consortium are some of the biggest names in the industry. Allianz, Aegon, Munich Re, Swiss Re, and Zurich are the founding members of this initiative, which is pretty intriguing. All of these companies have shown increasing interest in blockchain technology over the past few years. It will be interesting to see how things evolve for the B3i consortium over the coming months and years.

New transparent Blockchain-based Cloud Platform? Oracle, SAP, Intel, Cisco, IBM are working towards it.

How much money is laundered across the globe? BlackRock CEO Larry Fink believes Bitcoin can help to show it.

2017 has been the most notable year so far in the development of cryptocurrencies and blockchain technology, and will be remembered as the year that crypto was put on the map. At the beginning of the year there was increased mainstream interest in blockchains (with the US Congress being briefed on the technology), then we … Continue reading Bringing blockchains to the corporate world

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