Day: June 3, 2018

There is a fair amount of competition in the world of digital stablecoins right now. On the one hand, there’s Tether, with a somewhat dubious reputation in the eyes of most people. There’s also TrueUSD, which recently started gaining traction. It now seems Alchemint is preparing to issue a stablecoin based on NEO’s technology.

Stablecoins Galore

One thing which no one can deny is that there is no shortage of stablecoins in the world of blockchain and cryptocurrency. While that is a positive development in one way, it also remains to be seen how successful all of those tokens will be in the future. Tether is still the leading stablecoin in this industry, as it has the highest market cap of all stablecoins on the market today.

Whether or not Tether’s USDT will be rivaled by TrueUSD in the long run remains an open question. TrueUSD was only launched recently and is now listed on Binance despite some liquidity concerns. Moreover, the world’s biggest trading platform has decided to pair USDT with TrueUSD to see how users would respond.

While that competition is quickly heating up, it now seems there is another stablecoin waiting in the wings. Known as SDUSD, it is a new stable currency pegged to the US dollar. Unlike the others, however, this particular stablecoin will not be issued on top of OMNI or Ethereum. Instead, the Alchemint team is looking to use the NEO blockchain for this venture.

On paper, this makes a lot of sense. The NEO blockchain offers very similar technology to Ethereum, even though its underpinning technology is very different. Even so, the Alchemint team is taking a gamble by creating a stablecoin on top of the NEO chain. Additionally, maintaining a 1:1 ratio with the US dollar is always challenging, even for the other stablecoins out there.

The launch of the SDUSD currency is currently planned for late 2018. At that time, the stablecoin will be introduced on partner exchanges, which will introduce some much-needed competition to this industry. It is expected that the supply of this stablecoin will exceed 10 billion after a year, although it remains to be seen if that will actually happen.

In the end, it is good to see more stablecoins enter the world of cryptocurrency these days. These currencies introduce people to the concept of digital assets which have a specific value associated with them. That doesn’t mean users of SDUSD will automatically be interested in buying NEO – or any other cryptocurrency – by any means, but every project has to be given the benefit of the doubt.

CoinPennant, a recently launched blockchain startup, presents a unique business model in the crypto market that makes it possible for the users to connect and trade with world’s top crypto traders instantly. The platform serves as a social network for businessmen and stock traders, providing the targeted group of people with a space to discuss the trading industry in order to gain a better insight into it.

The Background & Industry Challenges

Though the world of cryptocurrency shows high growth and increasing number of opportunities, traders continue to struggle with problems typical of emerging economies, which includes the difficulty in obtaining timely, useful market information. The high volatility exhibited by cryptocurrencies have further worsened the situation by rendering both experienced as well as new ones unable to make quick decision to execute profitable trades in a timely manner. These issues are attributed to the lack of easily accessible, end-to-end resources capable of catering to the entire community, irrespective of their experience levels, making it an entry barrier to newbies much higher.

How CoinPennant Addresses These Challenges?

Irrespective of the investment opportunity, there is always a significant percentage of investments which are made without doing enough in-depth analysis, mainly due to technical cum analytical ignorance and confusion of diversity of options. Even though a small percentage of such trades tend to occur that way, it seems to have a huge impact on the individual’s wheel of progress. CoinPennant is designed to provide the much-needed support to those, bringing them out of economic obscurity into the profitable light.

The CoinPennant platform provides two equally important services; a crypto market analysis dashboard and an Investor Social Network where beginners and master traders share knowledge, trading hunches and analysis, and transparent feedback on executed trade tips. Through its subscription service, master traders provide beginners with market analysis and the opportunity to purchase trading tips. The central nervous system of the network is Data Analysis module, where it analyzes chart patterns and triggers patterns suitable for subscribing investors of all levels.

The core features of the platform include:

Investor Social Network – The CoinPennant social network allows investors to collaborate and subscribe to the feeds of verified master traders.

Data Analysis Module – The CoinPennant team has designed an algorithm-based technical analysis of multiple cryptocurrencies. The Data Analysis module also pushes market indicator notifications to the user’s market dashboard. Users can set trading tip alerts and obtain time-critical information on upcoming trading opportunities.

Auto Copy Trading Module – Users can subscribe to master trader trading activities where users’ funds will be automatically traded in exactly the same way as master trader’s funds.

Copy Trading Module – Users can enter into a contract with master investors to obtain trading advice for the price of a “hat tip.

CoinPennant Token (CPNT) – The new cryptocurrency is the base denomination of transactions in the CoinPennant Copy Trading Module.

About the Crowdsale

The CoinPennant platform will generate a maximum of 20 million regular tokens, plus a bonus of no more than 4.3 million tokens. An additional 29.7 million tokens may be distributed. All tokens will be distributed at the same time. The pre-sale is live and main sale of CPNT tokens will be announced soon by the company.

Meanwhile, to know more about the CoinPennant platform and its exclusive and unique features, please visit https://coinpennant.com/

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This year’s FIFA World Cup 2018 in Russia is only days away and Bitcoin could be a beneficiary as thousands of football fans will now have the opportunity to spend their bitcoins at the eight-week event, reports Forbes.

Businesses and hotels at many of the stadia locations have announced that Bitcoin will be widely accepted in order to bypass Forex foreign exchange delays as the event kicks off on June 14^th.

Russia is expected to see half a million tourists at the 21^st World Cup tournament, with many supporters arriving from Europe and South America. Hotels in many of the locations including Moscow, Kaliningrad, and St Petersburg have been accepting Bitcoin bookings since April, and it has proven to be an excellent way for fans to avoid the usual currency exchange headaches.

Airline bookings are also available for crypto users, with budget airlines such as CheapAir and travel agency Destinia offering cryptocurrency bookings. For those wanting to take a gamble and bet on the outcome and results of matches, Bitcoin sportsbooks, reputed to be the future of betting, allows players from all over the world, without restriction, to participate regardless of what part of the globe they hail from. Users can make instant and free withdrawals and deposits whenever they want.

US companies Visa and MasterCard have blocked credit card services to some Russian bank customers in the past as a result of U.S. sanctions which have been in force since 2014. As this affects digital payments, it remains to be seen if fans from overseas are able to bypass such difficulties. Although, the Russian hospitality industry has become increasingly welcoming towards digital currencies with the increased customer traffic it is bringing as a result of the event.

The advantage of Bitcoin as a decentralized currency, free for political interference, is that users can make payments wherever they go using the internet. With an increasing number of merchants accepting bitcoin and other digital currencies, tourists to Russia should be able to pay for some goods and services using their digital currencies without too many difficulties.

Russia’s overseas invasion of card-carrying bitcoin users is predicted to expand traffic of the network, should they decide to spend their money using digital currency.

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LaserChain, a beautifully intricate and addictive strategy war game announced open beta May 30th. Combining proof of play with satisfying action and diverse gameplay mechanics, this team is exceeding expectations across the board. The mobile gaming industry hit 50 billion USD last year. By creating a capped coin, the in-game currency becomes a viable store of value. Using WAVES/DEX platform for token generation and trade, they created a hybrid model that utilizes the pros of a centralized gaming experience (fast bug fixes, no transfer fees for in-game coin use) while making use of the blockchain for trade, as token value will fluctuate with in-game demands.

The team consists of War Game industry veterans. Many of them shared time at Kabam, and bring diverse individual involvement from Sony, Disney, Zynga, Gree and other gaming powerhouses. The quality of this beta is indicative of both their personal love for game experiences and the reliable professionalism necessary to bring a game to mass adoption.

May 30th’s free-to-play open beta includes a limited sale of LaserChain tokens to jump start the distribution and give players an opportunity to support the project. The bulk of coins are reserved for proof-of-play, meaning they are rewarded for quests, mining with laser generators (with bonuses as your cache grows), and combat. LaserChain’s combat boasts an impressive range of robotic units, all of them are cleverly named nods to the big hitters in crypto culture. Stellar Fighter’s are out for blood. Dash Hydra vs Verge Wraith Tank. Go big. No. Bigger. Take your shill out of the trollbox to where it belongs: past the moon into the deepest recesses of the universe.

Visit our website for white paper and game beta: https://laserchain.io

Contact Tanya at [email protected] for press inquiries.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

There is a lot of excitement surrounding the IOTA project. That should not come as much of a surprise, considering that its native Tangle technology is very different from traditional blockchains. It now seems the team is preparing to raise the bar by introducing Qubic. It’s said to be another technology that will “change the world”, even though very little is known about it today.

How Does Qubic Work?

Most of the specifics regarding Qubic remain shrouded in mystery, even though the project will be revealed in the coming days. On the surface, it seems Qubic will change the way businesses interact with and use smart contracts, which sounds promising. Similar to most other “mature” ecosystems, IOTA will provide smart contract functionality. Competition is a good thing in this regard, as there is no one-size-fits-all blockchain solution whatsoever.

Under the Hood

While Qubic places a strong focus on smart contracts, most people are interested in the features from which they can benefit. It would appear that Qubic provides an oracle system which is capable of connecting USD-EUR conversions to a smart contract. Exchange rates will be taken from Bloomberg.com, and this will allow for the introduction of new trading vehicles linked to IOTA.

One potential outcome is that Qubic will pave the way for trading options related to IOTA. Speculation on any asset can lead to more volatility, even though the IOTA developers would like to see some more price stability, by the look of things. Hedging cryptocurrencies is somewhat popular, but market volatility makes it pretty difficult to do so effectively. Qubic may offer a viable solution in this regard, assuming that is how the technology will work in the end.

Additionally, it appears Qubic will offer a way for existing IOTA trading platforms to tap into decentralized margin trading. This particular improvement will be achieved by using the IOTA tangle to provide a trustless and low fee infrastructure. For anyone looking to convert to and from USD and EUR with IOTA, a very interesting future may lie ahead.

What’s next?

Considering that the Qubic technology will be officially introduced in the very near future, it will be interesting to see how well this technology holds up. It is a big development for IOTA, assuming the technology can deliver on its promise. There won’t be an official roadmap in place until the project is introduced; thus, the world will have to wait and see what the future holds for Qubic.

David Knezic finished building a machine called Sweetbit on 27 May 2018 which dispenses candy in exchange for Bitcoin, and it proves the practicality, efficiency, and seamlessness of using Bitcoin as a currency. The video demonstrating Sweetbit can be found in the below tweet:

Just finished my Bitcoin-enabled candy dispenser pic.twitter.com/pU2xJdBIyx

— David Knezić (@davidknezic) May 27, 2018

In the video, David Knezic scans a QR code attached to the Sweetbit machine with a Bitcoin wallet on his mobile phone, and this instantly tells his wallet which address to send the Bitcoin to. Using QR codes is an excellent way to avoid errors when sending Bitcoin, since missing one letter or number in a Bitcoin address can result in your Bitcoin payment getting lost.

He then enters the amount he wants to pay for the candy, in this example he uses 1 Swiss Franc (CHF). The transaction fee is 0.09 CHF, which is a bit less than the current average transaction fee of 0.19 CHF (USD and CHF are at parity as of this writing). Bitcoin transaction fees have been much higher than this in the recent past, and in general, a solution like the Lightning Network is needed to ensure Bitcoin micropayments will be feasible over a long term.

Within seconds of sending the Bitcoin, the Sweetbit machine dispenses the candy, showing just how incredibly fast and seamless a Bitcoin transaction can be. David Knezic designed it so that it dispenses exactly how much candy you pay for. Sweetbit uses information directly from blockchain.info to see if any payments come in, and is set to dispense candy as soon as a transaction comes in and does not wait for any confirmations.

Most merchants wait for at least 1 confirmation on a Bitcoin transaction before giving a customer the goods or services they paid for, to prevent being scammed by double spend transactions from a 51% attack. Realistically though a 51% attack would take an incredible amount of mining power to perform successfully, and it is unfathomable that someone would do a 51% attack to rip off a candy machine. Generally, for micropayments like candy, coffee, and beer there is no need to wait for confirmations.

David Knezic made the code for Sweetbit open source and released it on GitHub. He says he is looking to develop a similar program which uses the Bitcoin Lightning Network, which can process far more transactions per second at a lower fee.

This sort of technology is what’s needed for Bitcoin to become a global currency. The Sweetbit video shows how Bitcoin can be more efficient than cash or card. With Bitcoin, you can simply scan a QR code with your phone and purchase a product instantly.

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Dubai has quickly become a hub for blockchain innovation over the past few months. With the backing of the local government, there are a lot of opportunities waiting to be explored. One of the newest projects is known as Digital Silk Road, which is not connected to the dark web marketplace with which most cryptocurrency users are acquainted.

The Digital Silk Road in a Nutshell

It is commendable to see Dubai take on blockchain-based ventures in such a prominent manner. With the help of the Dubai Chamber of Commerce and Industry, the Dubai Future Foundation has organized the Digital Silk Road project. This particular venture mainly focuses on using blockchain technology to eliminate key complexities and weaknesses found in the current global trading system.

Although the name “Digital Silk Road” sounds similar to “Silk Road“, the dark web marketplace, the two are not connected. Digital Silk Road has no ties to the dark web, nor does it have any connection to marketplaces or peer-to-peer trading. Even so, it is a project which could introduce a lot of positive changes moving forward.

To sum up the project, it’s meant to improve transparency of supply chains “through digital transformation and process automation”. It sounds like a few buzzwords thrown together at first, but there is a method to the madness in the case of the Digital Silk Road. This new project will allow entrepreneurs to enhance their capabilities, improve business transactions, and ultimately reduce the trade of counterfeit goods. That latter point is of great importance, as counterfeit goods have been a very big problem for quite some time now.

While reshaping the future of global trade will not happen overnight, blockchain technology can play a big role in this process. With an advanced and secure platform meant to overcome current trade barriers, the Dubai Future Foundation hopes to make a positive impact on this industry. It is also worth mentioning that this new venture is part of the Dubai 2021 plan, which primarily focuses on positioning the city as a major hub in the global economy.

The Dubai Chamber of Commerce and Industry CEO and President Hamad Buamim commented:

The Dubai 10X approach offers a way to overcome all the challenges and current constraints facing the trade sector by introducing a unique system. We have been able to develop a project that is aligned with the vision of the initiative and meets Dubai’s need for a platform that facilitates more cost-efficient, safer and faster trading. We can avoid all obstacles and unnecessary procedures and enhance our role as a trading chamber by using the latest technologies such as blockchain.

Under the hood, the Digital Silk Road is designed to track multilateral transactions, reduce transaction times, and offer digital authentication features. This will be done in an encrypted manner, while offering a fair degree of transparency at all times. Even so, it will be quite interesting to see how this concept plays out, as it will be up to individual companies and entrepreneurs to embrace this solution.

The Singapore headquartered Huobi has announced the debut of the crypto-based exchange-traded fund (ETF) HB10. This means retail traders will now be able to trade in various assets portfolios instead of trading in just one asset at a time.

“Retail traders have been used to the various investment options that accept transactions both in cryptocurrencies and in fiat money, but this investment instrument only accepts cryptocurrencies”.  The company confirmed when it announced its crypto-based exchange-traded instrument called HB10 on Friday.

Founded by Leon Li way back in September 2013, Huobi is focusing on the Chinese market and the Chinese retail investors. Despite focusing on this niche, the HB10 subscription is open to all investors across all blockchain powered investment networks. As reported earlier, the index reflects the overall performance on Huobi Pro using weighted samples.

According to the firm’s recent report, the foreign traders can also register and trade on the HB10. Registration can be done through the verification process on the Huobi website. Essential parameters to trade include personal information, email address and verification of the user’s real name.

In an attempt to disclaim the remarks, one of the company representatives told CoinDesk that the new product would have similar restrictions like the Huobi Pro despite being open for subscriptions. The new instrument excludes investors from the U.S. due to the hindrance from U.S. Securities and Exchange Commission (SEC) security concerns.

“Because of regulatory uncertainties this new offer is available to investors based in China only”. The representative remarked.

Huobi 10 index

Reports from the firm indicate that HB10 was invented to replicate the Huobi 10 index. The Huobi 10 index was used to track 10 assets in real time. The 10 assets were invested in a portfolio and tested for their liquidity and market capitalization on the Huobi Pro exchange.

Diversification of risks

As reported earlier, HB10 is expected to reduce investors’ exposure to risks of trading various cryptocurrency assets through diversification. This optimism is based on the Huobi Pro indication of market performance using weighted samples and data tracking.

As they announced the launch of the HB10 investment instruments, the company has also invited institutional investors to partake on the feasibility of the trade instrument.

“Because we are dealing with a portfolio of investment in various cryptocurrencies, the impact of institutional entry and exit on single cryptocurrencies will be eradicated”.

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In the past 15 years, advanced technology has visibly impacted the entertainment industry. Powered by companies like Amazon Prime, Hulu, HBO, and Netflix, video on demand subscriptions have almost made cable TV obsolete. High-speed content delivery via the Internet has severely damaged the relationship between movie theater owners and consumers who are hungry for better, more powerful entertainment that is easily accessible on smartphones and tablets.  

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Further technologies like 3G and 4G have untethered consumers from the conventional TV set. The convenience of watching a movie on Netflix at any time and from any location beats whatever type of content a television set can provide. However, a new wave of technological disruption in the entertainment industry is right around the corner, with blockchain technology at its core.

The battle between VOD and BVOD has just begun

Binge Media and Slatix Solutions, wholly owned subsidiaries of  Blockchain-based company Slate Entertainment Group (SEG), to develop a decentralized video-on-demand service. The blockchain-based entertainment utility protocol will feature a multi-layered network made of Binge (the BVOD service), a masternode network, and go-to mobile app SLATIX for ticketing and entertainment.

Binge will use a distributed ledger to introduce decentralized video-on-demand streaming. To ensure behavioral analytics and sharing transparency, the media platform will leverage properties pertaining to Blockchain technology. The main objective is to guarantee equitable sharing between content providers and creators, as well as valuable analytics to help creators make better content.

Decentralized subscription-based streaming

The main purpose of Binge is to become the world’s first commercial platform that uses distributed ledger technology to provide scalable, affordable VOD. Token holders of Slate will become exclusive platform members with full access to real-time payments, no geolocation restrictions, affordable pay-per-view and subscription fees, and more.

The purpose of SLATIX — Slate’s ticketing system — is to decrease end-user ticket fees and prevent counterfeit ticket sales. Given that all transactions are secure and transparent on the blockchain, all information provided by platform users will be tracked, shared, verified and safely stored. As opposed to conventional ticketing platforms, on Slate all issued tickets are forgery resistant, immutable, and instantly transferable. For a better understanding of how SLX tokens can be used to buy or make tickets, make sure to watch the promotional video below:

Preparations for mass adoption in the entertainment industry

Hong Kong-based crypto exchange, HitBTC, recently partnered with Slate Entertainment Group to have the SLX token listed on their platform. SLX will be hosted with trading pairs against Tether and Bitcoin on the HitBTC exchange. Following the initial coin sale, having SLX out in the open market will potentially increase adoption while also helping Slate expand the business model to new markets.

Earlier in May, SEG attended the Cannes Film Festival where it triggered quite the buzz among the entertainment industry with its unique approach to disrupting centralized video-on-demand platforms. Slate managed to acquire “Beyond Bitcoin”, a crypto-related documentary, paving the way to successfully expanding its online streaming platform, Binge. At Cannes, Spanish film festival SIFF has joined the mission, being the first entity to agree to adopt the tokenized ticketing app and start selling tickets in SLX tokens. Beyond Bitcoin trailer can be seen below:

Slate is halfway through completing its mission and the presale is already live. With a soft cap of $20 mln, the current discount for buying SLX coins is 45 percent with a 3 percent bonus. The pre-sale ends June 9!

Various technology companies have shown a keen interest in offering blockchain-as-a-service features. By doing so, these technology giants are allowing distributed ledgers to thrive, while also making it easier for developers to build new decentralized applications. Amazon Web Services is the latest company to offer BaaS, which is a rather surprising development.

A Curious Decision by Amazon

For quite some time now, people have been wondering if and when Amazon would get on board with either blockchain or cryptocurrency. While it seems highly unlikely the firm will ever support Bitcoin payments or related currencies, Amazon acknowledges the potential of blockchain technology. More specifically, Amazon Web Services – also known as AWS – now provides blockchain-as-a-service features to all of its customers.

This is a very peculiar development which very few people had expected to see at this time. That isn’t because blockchain tech has no potential – the opposite is true – but rather because Amazon seemingly had no plans to go down this path whatsoever. Even so, competition is a good thing, especially in the BaaS industry.

Amazon Web Services joins a growing list of companies offering blockchain-as-a-service features to their clients. Indeed, it seems other major companies have gone down this road in the past few years. At this time, firms including IBM, HP, Microsoft, and even SAP offer blockchain-as-a-service features, which further confirms that there is growing interest in this technology.  

Although it would seem as if Amazon Web Services is doing the exact same thing as all of these other providers, there is a big difference. More specifically, Amazon has made it clear that its adoption of BaaS is very different from all other offerings on the market today. The technology giant says it’s mainly interested in driving mass adoption of blockchain technology through use cases from which people can benefit sooner rather than later.

While that is a rather vague statement, it seems to confirm that Amazon is extremely committed to introducing more people to the blockchain industry. Amazon has partnered with Kaleido to offer cloud services on which companies and developers can host an Enterprise Ethereum-based blockchain platform. This also means Kaleido – which was developed by ConsenSys – is the first “managed” project of this type to be accessible through AWS.

With Amazon Web Services now on board with the blockchain-as-a-service industry, a very interesting situation has been created. While it remains to be seen how many companies and developers will embrace this solution, there seems to be genuine excitement regarding this development. Making blockchains easier to use will automatically lead to more use cases and increased adoption, which can only be considered a good thing.

Bitcoin Press Release: The decentralized application workID verifies an individual’s work history and qualifications on the blockchain and is being hailed as “LinkedIn in on the blockchain”.

May 29, 2018. George Town, Cayman Islands – WorkChain.io, the blockchain solution for the future of work, has launched its debut decentralized application workID, the world’s first Immutable CV built on the blockchain that is designed to transform how the professional world works.

WorkChain.io CEO Ivan Petrovic, a veteran of the workforce technology industry, made the official announcement, revealing how workID will use blockchain technology to shape the future of work, hiring and even payroll.

Mr. Petrovic said:

“In today’s working world, employers stand no chance when it comes to trying to vet candidates. A line in a resume can be easily made-up and LinkedIn is unreliable because more than a third of people lie on their LinkedIn profile. WorkID uses advanced blockchain technology to build the world’s first immutable CV that contains only trusted, verified data. It will revolutionize the future of work, giving employers an unprecedented ability to hire with certainty and employees will gain true ownership of their identities.”

workID is a decentralized application built on top of the WorkChain, a public ledger of verified proof of work records created through integrations with trusted data sources, such as workforce management and payroll systems.

Using the verified records the WorkChain creates, workID combines work, academic and payment histories in a single, universally-accessible and searchable profile which verifies information such as:

• Full and part-time employment history
• Position(s) held, start and end dates
• Individual shifts and contracts
• Skills
• Degrees attained, institutions attended and academic records
• Payroll and leave records

workID is the first decentralized application built on the WorkChain through the platform’s proprietary blockchain protocol. The second, workPAY, will enable real-time payroll processing using the verified work records of the WorkChain platform.

“The way the world works is shifting rapidly toward on-demand and independent work,” Mr. Petrovic continued. “For example, in the US alone, there are 78 million hourly wage workers and 50 percent of people are expected to work independently by 2020.

“These on-demand workers can be hired in the blink of an eye and complete a job in real-time, but often wait weeks or even months to get paid due to slow, traditional payroll cycles. With workPAY, we’re creating freedom from payroll cycles by enabling real-time payments on the blockchain.”

workPAY uses the validated proof of work records of the WorkChain to create real-time payouts for employees and simple, automated payroll processing for employers.

Through workPAY, WorkChain.io is aiming to become the first blockchain platform to directly create opportunities for people in traditional jobs to earn cryptocurrency.

Development of WorkChain.io began in mid-2017 and the platform had its beta launch in April 2018.

workID is now live by invitation only by visiting www.workchain.io or by joining the company’s official Telegram group. Test payments through workPAY are scheduled to begin in the coming months.

About WorkChain.io

WorkChain.io is the blockchain solution for the future of work, creating better ways to get hired, paid and access capital. WorkChain.io is a Cayman organization employing people globally through offices in California, Panama, and Serbia. The WorkChain.io team has spent the past ten years working hands-on in the global workforce management sector and collectively founded seven successful ventures.

View workID Demo: https://workchain.io/ryan
Visit Website: https://workchain.io
Read the Whitepaper: https://workchain.io/whitepaper
Follow us on Twitter: https://twitter.com/workchain_io
Chat on Telegram: https://t.me/workchainio
Read our Medium blog: https://medium.com/workchain-io
Follow us on LinkedIn: https://www.linkedin.com/company/workchain-io/

Media Contact
Name: Seb Kipman
Email: [email protected]

WorkChain.io is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.

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Recent news source figures show a rapid growth in the cryptocurrency employment market. With more than 1,500 tradeable cryptocurrencies and a $320 billion-plus market cap across the space, job opportunities are increasing. Major online employment site, Indeed.com, recorded an increase of 207 percent in blockchain job listings between 2016 and 2017 — a period of just 12 months. The rising blockchain job requirements and the fact that there are now over 5.8 million cryptocurrency wallet users showcases an increased crypto-adoption among masses.

The US has become a driver for boosting the crypto employment space, particularly in California which now employs nearly 30 percent of the country’s crypto employees, another 15 percent of jobs in the US are reported to be in remote locations.

Within the field, there are many opportunities from stack developers, tech writers, content marketers, business developers, and community managers, most positions to be found in the USA which currently posts 78% of the world’s non-remote crypto job opportunities, followed by the UK with 7%.

In the US, a full stack developer is likely to earn a base salary in the region of $90K, and slightly less for blockchain developers and engineers, depending on field experience. About 10% of companies offer salaries paid in cryptocurrency, although many now offer a percentage ratio system in both fiat and crypto.

In India, with 10% of the world’s Bitcoin wallets job growths has grown exponentially as reported by Indeed India.

“In the six months to November 2017, the number of cryptocurrency and blockchain jobs posted on the Indeed website rose by 290 percent. In the same period, job searches with keywords related to cryptocurrency/blockchain also rose by 52 percent.”

IBM’s pursuit of 1,800 blockchain jobs in France is a signal of intent to expand research and development in several areas with that company, primarily focusing on blockchain technology, AI, and IoT. Multinationals are increasingly embracing the new technology, opening up numerous new job opportunities in the crypto space.

AngelList, a popular website used by startups to offer vacancies to job seekers, recently recorded doubling their crypto-related job postings in a little over three months, according to its weekly newsletter. At the time Bitcoin was trading just over $19000 per coin with 50 jobs available which rose to 100 when Bitcoin slumped and traded at $7,000, according to CryptoGlobe.

AngleList commented, “startups aren’t watching the markets.”

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CREDITS CEO and Founder Igor Chugunov and Business Development team took part in StartAP Awards, an annual ceremony that honors the most successful entrepreneurs in India. The event was held in Visakhapatnam, Andhra Pradesh, an informal blockchain capital of the country.

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CREDITS used the occasion to present a unique blockchain-based solution that can prove to be a breakthrough improvement in the human capital management system to the Government of Andhra Pradesh represented by Ganta Srinivasa Rao, Minister for Human Resource Development and J A Chowdary, Advisor IT and Special Chief Secretary to Chief Minister. The technology implies that a State Data Register with client ID will become a reliable storage system for the educational, research, and labor-related documents. The system would be accessible to recruitment agencies, social services and related state bodies. The systematic approach, common document format, safe information storage, guaranteed document authenticity and easy access to them given only to authorized personnel can play a key role in labor market development of an Indian state with a population of 53 million people.

As a result of the meeting it was suggested to set up a working group including CREDITS experts along with Indian universities.

Following the meeting CREDITS team visited Gandhi Institute of Technology and Management (GITAM), one of the leading research centers of Andhra Pradesh, chosen as a potential testing ground for the pilot project. Having made a tour of the university, CREDITS in depth discussed the opportunity to develop a blockchain training program and sponsor a hackathon among local students.

Editor’s note

Singapore-based CREDITS is a public blockchain platform with an open source code, capable of performing up to 1 million transactions per second. It offers the processing speed of 0.01 of a second while the commission rate is as low as ≈ $0.001. The extended functionality of CREDITS smart contracts makes it possible to set cycles and create schedules. This instrument implemented in the form of API with the SDK kit will enable the platform users from finance, IoT, health care, tourism, gaming industries to implement their in-house fully autonomous and self-executable service apps.

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Eugene Ivantsov

PR Director, CREDITS

E-mail:[email protected]

Abu Dhabi Ports is incorporating the first domestic blockchain technology into their logistics systems to increase efficiency in global trade