Day: June 13, 2018

Erik Finman is a self-made millionaire thanks to Bitcoin. He first invested in Bitcoin back in 2011 when he was 12 years old with USD 1,000 given to him by his grandmother. At the time, Bitcoin was priced near USD 10.

Although it turned out to be a very good investment, most people at the time would have called it extremely risky. In 2011, there were very few people willing to put any money into the unproven cryptocurrency, thinking it had no intrinsic value and nothing to back its value.

The past decade’s experience now shows that part of the intrinsic value of Bitcoin is that it is relatively anonymous, cryptographically secure, and can be used to send money anywhere in the world instantly to buy anything, without having to rely on an intermediary. This led to an unprecedented Bitcoin price rally; within a few years of Erik Finman’s investment, Bitcoin exceeded USD 1,000 per coin.

He sold most of his Bitcoins for USD 100,000 at the age of 15, using the money to start a tutoring business called Botangle that connects students to teachers via video chat. He started this business because he had a poor schooling experience, claiming he was ridiculed for his success by students and teachers.

A buyer then offered to purchase Botangle’s technology for USD 100,000 or BTC 300. This was back in 2015 when Bitcoin hit lows near USD 200. He chose Bitcoin again and ended up making yet another good business move. Bitcoin is worth over USD 6,000 as of this writing, having went as high as USD 20,000 in December 2017.

In total, Erik Finman had about BTC 400 and by June 2017 this was already worth over USD 1 million. Bitcoin had turned him into a millionaire before reaching adulthood.

Cash so worthless compared to Bitcoin I'm sleeping on it…

A post shared by ERIK FINMAN (@erikfinman) on Dec 21, 2017 at 9:33am PST

Finman won a bet he made with parents, allowing him to skip college if he became a millionaire before turning 18. He has recommended browsing the internet over a formal education. His Twitter and Instagram feeds are filled with pictures of him flaunting his wealth but he claims to do this to garner more attention.

Fortunately, Erik Finman isn’t wasting all of his time on social media. Instead, he is using his money for projects in the robotics and space industries.

 

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Ripple’s CEO Brad Garlinghouse claims that “Bitcoin is controlled by China” through “four miners that control over 50%” of the leading cryptocurrency

After months of rumours,Binance CEO Changpeng Zhao has confirmed that the exchange will soon offer fiat pairings—starting with the Euro.

E-commerce has become well acknowledged by entrepreneurs, consumers, companies and industries both local and international as one of the most powerful tool for penetrating new markets regardless of physical location.

E-commerce has been around since the mid 90s and still remains critical to businesses and customers. However, there is trouble in paradise, as eCommerce is left facing not one but multiple threats including scams, trust issues, and hacks attempting to gain consumers’ data in any way possible. With these issues, the only practical solutions that can effectively release eCommerce from the shackles holding it down remain the decentralized and disintermediated ones the blockchain affords.

Blockchain stands as the answer to the problem of opacity, security, and trust that dog the eCommerce industry. This revolutionary technology facilitates the immediate settlement of all issues and exchanges through smart contracts without requiring any human intervention. As thousands of data records are frequently lost or misplaced on centralized databases, giving rise to consumer concerns about the safety of their data, the decentralized nature of the blockchain ensures that there is no centralized point of failure or breach. This is a key feature of Runs.com’s revolution of the eCommerce industry.

Built on Digital, Decentralized Trust

Runs.com, the world’s first Blockchain based eCommerce platform, aims to resolve both current and future issues affecting eCommerce, targeting more than 2.5 billion people. Headquartered in Singapore with branches in New York and Bangalore, Runs.com is building a global community of people from 25 countries and 125 cities. It places the decision-making powers in their hands rather than the platform, with its decentralized nature.

Runs.com was founded by Giri Devanur, an Alumnus of Columbia University, winner of EY Entrepreneur of the year award in 2017, and CEO of AMERI100, a company that has successfully made its path to NASDAQ within just four years.

“There is a massive shift away from traditional e-commerce to experiences driven community commerce” says Giri Devanur, Founder and CEO of Runs.com at the announcement launch. “No other company has managed to capture experiences and curate them in the past. With Runs.com we are looking to leverage the exciting Blockchain technology to allow people to share their memorable moments within the community. Initially, we will be focusing on Cricket, Cinema and Coffee enthusiasts around the world.”

Giri is joined by Stanford University Ph.D holder Dr. Artit Wangperawong as the Chief Technical Officer in the disruption of the traditional eCommerce market.

“Blockchain technology is uniquely poised to disrupt a swathe of industries” Dr. Artit Wangperawong declared. “At Runs.com, we’re developing the platform along with our signature XKU’s to address the needs of world commerce and to deliver the best experiences to people on one decentralised platform. We are committed to attracting talented individuals to join our team to make Runs.com the premier commerce platform across the world.”

Incubated at Columbia University’s Innovation and Entrepreneurship program, Runs.com will augment traditional eCommerce platforms that use SKUs as the essential way to identify units to a groundbreaking method of tracking of method of Identification known as Experience Keeping Unit (XKU). XKU utilizes the 3-S parameters — Story, Source and Sustainability – to score every experience. The XKU is a service and product identification code for an item that helps track an item from inventory, and can be attached to both physical and non-physical products in any inventory. While XKU has the basic elements of SKU – like the size, color, price, brand, manufacturer and style – the protocol takes it further by integrating three S-factors for unique experiences, transparency, and accountability on the blockchain

Token Generation Event

The Runs.com Token Generation Event (TGE) consists of 2 phases: Presale and main crowdsale. A total of 75,000,000 tokens will be made available to contributors, with a 30% bonus for early birds. This bonus is strictly on a first-come-first-serve basis.

Runs closed a seed funding round of $1M backed by Panamax Capital, Columbia Angels and Beast Capital.  

Learn more on the Website: https://runs.com/

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John McAfee says Bitcoin will hit USD 15,000 by the end of July 2018 at the latest. This revises his earlier prediction that the mark would be reached in June. He says that the recent price crash, which has brought Bitcoin down to USD 6,400 as of this writing, is due to an overreaction about news that Bitcoin exchanges are being investigated for price manipulation. He says this will delay the bull rally by no more than 30 days.

In his most notorious prediction, McAfee said Bitcoin would hit USD 500,000 by the end of 2020. He made this prediction when Bitcoin was near USD 2,250 on 17 July 2017, and after this Bitcoin experienced its biggest rally in history, reaching nearly USD 20,000 in December 2017.

The prediction that Bitcoin would rally followed by an order of magnitude price increase brought McAfee much fame in the crypto world, especially since he made a specific prediction that Bitcoin would hit USD 5,000 by the end of 2017 and that prediction came to fruition with plenty of time to spare.  He has used this fame to earn lucratively from advertising initial coin offerings on his Twitter feed.

He famously he upped the stakes and revised his long-term prediction for USD 1 million by the end of 2020, reiterating his promise to consume a sensitive body part on national television if incorrect.

When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD

— John McAfee (@officialmcafee) November 29, 2017

When looking at a long-term logarithmic graph of Bitcoin’s price on bircoin.top, it can be seen that McAfee’s prediction isn’t so far-fetched. Bitcoin’s price has been increasing by an order of magnitude roughly every one to two years, having increased four orders of magnitude between 2011 and 2018 from around a dollar to USD 10,000.

In addition to being a self-declared “Bitcoin prophet”, John McAfee is also running for President of the United States in order to provide the ultimate PR platform for the cryptocurrency community.

 

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Over the last year and a half the ICO scene has truly boomed, with all sorts of projects popping up here and there. In the last several months projects that seek to reform the ICO sector as a whole have attracted special interest. Monopoly.live is, undoubtedly, one of such projects. It is a decentralized platform for financing and developing various projects. If you are an investor, there you will find support and will be able to view and evaluate interesting and promising projects. If you are a start-upper, you will gain access to an audience and finances!

Why is the platform decentralized? The reason for this is that it makes the project as transparent as possible. All data regarding transactions and deals is stored in a specialized ledger that is accessible to all users of the system. Therefore, a model of collective investment gets a brand new realization. Among undeniable benefits of the model the following stand out the most:

            Full protection of finances both during the investment process as well as in the project’s use of proceeds.
            The sophisticated process of approval that allows the system to pick the most promising and beneficial for investors projects.
            A legal support for the ICO. This removes the risk of a third-party influence  the price of tokens during the initial token offering.

Our platform has its own tokens – MNP. Token holders will gain extra privileges on the platform, will have the ability to invest their tokens in start-ups and take part in voting on projects. Similarly to shares, the more MNP tokens you have, the more important your opinion is when making a decision.

The key feature of the platform is providing an opportunity for a project to grow and develop. Because of a special voting feature, any token holder can hold a public vote in order to attract more funds to a project. After this, the project goes through extra scrutiny, following which a new fundraiser round is launched. Following the end of the next stage of fundraising, all accounts are published on an open ledger where anyone can view the whole history of the project’s fundraiser.

According to our experts, such a platform allows to solve the following problems:

            Drastically lowers the risks for investors. This is achieved through a decentralized decision-making process regarding issues related to projects’ development.
            Increases expansion speed of both existing and new projects. Because blockchain technology is integrated into the fundraiser mechanism, the process of growth and allocation of financial assets boasts a maximum degree of automation. As a result, both scaling expenses and the risk of overspending are much lower.
            Legalizes income for both investors and start-ups. All accounting expenses are covered by the platform, thus significantly reducing expenses of investors and other players on the market.

The project is likely to attract the attention of professionals in cryptocurrency investment, traders and, obviously, start-uppers who seek to raise funds for their project quickly.

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

As its mainet transition continues to roll-out, Tron moves big — snapping up embattled old skool file sharing platform BitTorrent 

The Michigan state legislature has proposed two bills that classify altering blockchain data as a crime

Digital Jersey, the economic development agency representing Jersey’s digital industries, is to corporate with giant blockchain exchange Binance, signing a memorandum of understanding (MoU) with a view to the two firms developing a compliance base and cryptocurrency exchange on the island.

The world’s largest cryptocurrency exchange is planning to set up the first Sterling to crypto exchange in Jersey – potentially bringing millions of dollars into the island’s economy, writes The Jersey Evening Post.

The aim is for to Digital Jersey to cooperate with Binance to deliver training to promote the Jersey’s young blockchain industry and to support the blockchain ecosystem with AML compliance issues and establish licensing and banking relations.

Tony Moretta, chief executive of Digital Jersey, said:

“It’s a sign of cryptocurrencies growing up in a way because they are scaling up and want to appeal to a wider selection of consumers and businesses by demonstrating they are well regulated and they know Jersey’s reputation is strong.”

Moretta said the collaboration will develop exchange and compliance functions in Jersey while delivering blockchain training to support startup growth. This hopes to bring 40 new jobs and Binance will seek to invest in the island’s fintech space and local startups through its venture capital subsidiary Binance Labs.

There are no official figures for Binance’s value, but its founder Changpen Zhao is estimated to have accrued a personal fortune in excess of over USD 2 billion. Ths company itself manages over USD 6 billion in trades in just 24 hours, it has been reported. On the Jersey deal, Zhao commented:

“With its local economy based on a major currency (GBP) and its close proximity to the UK and Western Europe, we are confident the cooperation with Jersey will not only benefit the local economy but also form a strong operational foundation for our expansion into the rest of Europe.”

Jersey is not the only island community of interest to the exchange giant. Binance has now set up in Malta, followed by similar plans from rival exchange OKEx and German blockchain firm Neufundand.

External relations minister Senator Ian Gorst, is positive about the new development for the island, commenting:

“This is absolutely the space where Jersey’s future is. I want to create hope for the Island’s future by a bringing together of its technological future and strength in financial services.”

 

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You can now track up to 250 of your favourite cryptocurrencies on coinmarketcap.com for free.

It’s apparent that cryptocurrency, prices are immune to any form of “minor” news event. We have seen many of these not only from Charlie Lee but straight from Litecoin Foundations. VRPorn, LitePay, several merchant listing and even news from CoinBase Fund Management index are not appeasing these angry bears. As a matter of fact, Litecoin is down 25 percent in the last week but with a market cap of $5.2 billion, its $3.5 billion shy from EOS market cap. This means should EOS problems continue, we another flip could happen propelling Litecoin back to the top 5.

Let’s have a look at these charts:

From the News

Here’s a thing or two about cryptocurrency lending business models: most people consider them as Ponzi schemes if not outright fraud. We have see BitConnect and similar platforms go under with investors coins sparking outcry and “I told you” remarks across the board. However, Japan’s BitBank is planning to do things differently with their cryptocurrency lending programs which they plan to launch.

To ensure that this is not a quick rich scheme, not everyone qualifies for this program as they will thoroughly check the eligibility of each interested party account. Besides, there is a barrier to entry and up-to one Bitcoin would be required for participation. One an investor qualifies, BitBank shall lock that coin for one year during which investors would earn anywhere between three to five percent of interest. While trading would be better, the current bear market and the common volatility of cryptocurrencies is deterrence for many-including institutional investors.

While Litecoin would be among the coins drawing interest in the days to come, BitBank will start by experimenting with Bitcoin before spreading out to other popular coin with deep liquidity as Litecoin in the coming months. Of course, once everything is ready, it will be a boost for Litecoin coin holders who rather put their capital in this crypto bank and earn decent interest payment.

https://t.co/h7U90d1eZQ is happy to announce that we are now accepting Litecoin. The future of #cryptocurrency in both the adult and VR industries is very bright.

Thanks to the #LTC community for helping to make this happen. @SatoshiLite @LTCFoundation https://t.co/TNDyFMks0F pic.twitter.com/fCDFI9nCdl

— VRPorn.com (@VRPorn) May 31, 2018

In other news, VRPorn, the first of its kind Virtual Porn Reality website now accepts payment using Litecoin. This comes weeks after their announcement that they would support Charlie Lee’s LTC and it has been good business it seems. The CEO of VRPorn Lisa Moore acknowledged that sales have shot up since their LTC incorporation.

Litecoin (LTC) Technical Analysis

Weekly Chart

If anything, there is no chart that shows the pace of price erosion that Litecoin’s weekly chart. Here it’s clear to pick out previous support lines, now resistance at $110. The resulting break out is what advises our bearish stand. Before this week, our expectation was that buyers would follow through week ending June 3 minor bullish candlestick despite printing in a deep bearish trend.

It was an optimistic approach because not only was there strong rejection from $110 at the daily chart but because the last three support points in the last four quarters stretching back to Q4 2017 was at this level. That level was clearly a point of interest for our analysis. Now, following this week’s break down, odds are Litecoin might end up testing $70 and later $40 should sellers keep up with this pace of depreciation.

Daily Chart

For perspective and to gauge the strength of bears following that break below $110 on June 10, realize that LTC is down 13 percent in the last 24 hours. Besides, there are strong confirmation of the bearish trend that was initiated by June 10 candlestick. Like before, I recommend shorting this coin with first targets at $70 and later $40.

The post Next Stop $70 and $50: Litecoin (LTC) Technical Analysis (June 14, 2018) appeared first on NewsBTC.

The crypto markets is down $30 billion in the last 24 hours alone with Litecoin registering new 2018 lows. While this is happening, IOTA is likely to drop below $1 as EOS, Stellar and Tron grapple with sell pressure. What I will be focusing on in the coming days is EOS which seems to be at halt because EOS coin holders are yet to stake enough coins to allow BP voting.

Let’s look at the charts:

EOS Technical Analysis

So, will you be the first to stake our EOS tokens? Because as things stand this reluctance for coin holders to  vote is doing nothing else but weigh down the initial excitement surrounding mainnet launch. Remember, it’s only five days or so since the mainnet launch and roughly 10 days have passed since Block One released EOS Version 1.0.0. Progress is slow and the more investors worry about exposing their private keys during voting or voting during the last minutes won’t at all help prices.

Another theory is that considering the amount of tokens in their possession, large EOS coin holders are waiting for others to vote because of their effect once they vote. However, we can’t pinpoint as to what could be causing this drag but only speculate. Currently, voting stands at around nine percent and all thanks to Greymass voting tool that has really helped accelerate voting.

As before and the days past, we are still recommending shorts at lower time frames. It’s not really rocket science to see that the more the delays, the more prices stagnate with a bearish skew. Besides, the fact that most launches often happen at the expense of the token/coin is question is clear for everyone to see. Going forward, any rejection of lower prices would be another region of shorting EOS with targets of $7 in the short term or until EOS coin holders stake at least 150 million coins for BP voting.

Litecoin (LTC) Technical Analysis

Undoubtedly, CoinBase has proved to be a reliable exchange and not one once has it been on the news for hacking related cases. So, it wasn’t really a surprise for CoinBase Fund Management to announce a new fund index reserved only for high net worth investors only in the US. In this new arrangement, investors earning more than $200,000 a year can sink their monies into this new fund that guarantees perfect diversification because there will be exposure to each and every other asset listed on the exchange depending on their respective market cap. With this, it means with every $1 million investment, $30,000 will be LTC exposure at current bear prices.

Even if you have tones of money, you should note that LTC prices are down 12 percent in the last 24 hours and Litecoin is trading below $100, a round psychological number. It is also $3.5 billion shy off EOS market cap meaning as long as EOS coin holders hesitate to vote, it may find itself in sixth spot. Anyhow, like before we shall trade with the trend and sell Litecoin in line with our previous trade plan. Our short term bear target is at $70.

Stellar Lumens (XLM) Technical Analysis

There is development behind the curtains if recent announcement is anything to go by. Well, there is good news here following announcement by YoVo who now have their head quarters at Malta. This is the first blockchain based mobile network that is shall be launching their services fully on the Stellar Platform.

What’s unique about YoVo is that all funding and operational costs would be done using cryptocurrencies and its native coin Yo. At launch, Yo would be available in more than 150 countries worldwide and users can purchase them from more than 500 mobile partners around the world.

Another first for Stellar…https://t.co/uBYTkhHy6J

Via https://t.co/ZPn4hvJmOo on Malta-based YOVO Mobile. https://t.co/uBYTkhHy6J

— Stellar Lumens (@StellarLumens) June 12, 2018

Evidently, sellers are in charge and unless a miracle happens, selling Stellar Lumens which is down 11 percent in the last 24 hours would be a solid trade plan. Because of this, I recommend selling at every high be it in the 15 min or 4HR chart with short term targets at 18 cents just like our previous forecast.

Tron (TRX) Technical Analysis

Of course, considering the size of their user base it would be nice if Ledger, the popular hardware wallet provider, supported Tron. Ledger, the company has always been proactive and to show their intentions of proving a secure alternative for TRX coin holders especially after their mainnet launch coming in the next couple of days, they are asking Tron developers to get in touch with then. This way, Tron developers and Ledger engineers, would better dissect and know the complexity of their new blockchain.

For the skeptics and believers TRX Ledger integration is on the horizon , and being tested, as we tweet. @LedgerHQ @Tronfoundation @TronNews_ @KingOfCrypto6 @LandM_Marius @CryptoNikita @Crypto_Vino @team_tronics @WLFOFMYST pic.twitter.com/J7zOOwJ1QK

— Zee Chaudhry (@ZeeChaudhry2018) June 12, 2018

Clearly, from the chart, sellers are in charge and going forward our initial trade plan as we laid out yesterday is unchanged. Our support and sell target is at 2.5 cents with safe stops above yesterday’s highs of 4.5 cents.

IOTA (IOT) Technical Analysis

We have superb news with Qubic and CEBIT 2018 was all about IOTA and how Volkswagen would utilize tangle to efficiently transfer software from one product to another securely using Tangle. In theory this should be perfect news but that’s not the case simple because of the coupling element of BTC and the uncertainty within the crypto market. None is sure about the true valuation of each token and prices continue to slide.

As before, I suggest selling with targets at $1 and 90 cents if IOTA sellers are strong.

The post Bitcoin on Its Way to $3,000 and is Hauling Altcoins With It-IOTA, EOS, Tron, Litecoin and Stellar Lumens Technical Analysis (June 14, 2018) appeared first on NewsBTC.

Promoting a traceable decentralized philanthropy, Horyou, the social network for social good, is introducing its HoryouToken, built on the concept of “Blockchain with a purpose”.

Horyou strongly believes in the power of technological advancements to support decentralization of philanthropy and to promote social good. Thus, it is launching HoryouToken to support and promote social and economic inclusion, enhancing a positive circle of interactions benefiting civil society, social entrepreneurs and social good doers.

Introducing Blockchain with a Purpose

HoryouToken aims to revolutionize the act of giving with its truly novel approach called Blockchain with a Purpose. “The objective of Horyou is to put blockchain on a positive trail to solve some of the most crucial challenges. We are giving a humanitarian purpose to Blockchain.” says Yonathan Parienti, founder and CEO of Horyou.

While making it possible for any willing person to support social good, HoryouToken also provides access to a traceable and intelligent philanthropic redistribution service called Proof of Impact.

HoryouToken can be used in various ways, including:

1. To reward Horyou community members from all continents for sharing their positive news and actions on the Horyou platform
2. To buy Spotlights (Horyou digital currency for economic inclusion) or support directly the social good actions and causes on the Horyou platform or beyond
3. As a mode of transaction inside and outside the Horyou platform, as well as a Fintech payment solution intended to support philanthropy, through proof of impact
4. To buy or sell products, as well as to subscribe to services and soft commodities that enhance social good within the future Horyou marketplace

https://tge.horyoutoken.io

An international platform connecting for good since 2013

“What Horyou platform is trying to do, is to get (those) people talk to each other and to connect them to funders, I can think of nothing better” (Eric Schmidt, former Executive Chairman of Google, Horyou Village in Cannes, May 2015).

Horyou, is a platform dedicated to social good that fosters sharing of ideas, emulation and solidarity. Through technology, innovation and advocacy of social entrepreneurship, Horyou aims to spread positive interactions amongst its member organizations, individuals, social innovators and personalities.

Launched in December 2013, Horyou social network currently gathers more than 250,000 users and 1,500 organizations from more than 180 countries.

https://www.horyou.com

A project led by an experienced global team

With a strong experience in Finance and his thorough knowledge of the international financial markets, Yonathan Parienti is a true believer in the importance of building bridges between peoples and cultures. He has opted to set up Horyou, a social network aimed at connecting people for good. Yonathan is a regular speaker at International Forums, Philanthropic Summits, including UNESCO and the United Nations and programs. More recently, he was an invited speaker at the Global Entrepreneurship Summit in Hyderabad, India and at the World Summit on the Information Society (WSIS) in Geneva, the world’s largest conference supporting the implementation of the Sustainable Development Goals.

Horyou team are experienced professionals from various sectors, across all continents, who have decided to unite their efforts towards a common purpose: to make the world a better place.

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

On May 30th THEKEY entered into partnership with the Taikang Group to provide IDV services in the field of direct and rapid settlement of commercial insurance. It is the latest significant collaboration atop already contracted collaborations with some of the world’s leading insurance companies such as China Re, China Ping An, Reinsurance Group of America (RGA) and China Pacific Insurance (CPIC).

Taikang Group is currently one of China’s largest insurance and financial services institutions which mainly operates across three main business sectors: insurance, asset management, and health and elderly care. For 14 consecutive years Taikang Group has ranked among “China’s Top 500 Companies.”

THEKEY has indisputable advantage in facilitating the insurance claim settlement. With already authorized access validated government personal identity data (PII) for 210 million Chinese across 66 cities, THEKEY will provide an integrated solution for Identity Verification (IDV), Medical Term Standardization (MTS) and Claim Process Automation (CPA) to Taikang in support of direct and rapid online settlement of medical insurance.

This cooperation has a great significance for the Chinese, and soon, the global marketplace. Currently, in order to receive reimbursement from insurance companies,  the insured has to submit a paper-based medical claim for the insurance company to process via manual audit. In the frequent case of incomplete documentation, the insured has to return to the hospital to reacquire the relevant documents. This manual and manpower-consuming work adds heavy labor costs for both the insurance company and consumer, delivering a very poor user experience.

THEKEY’s online IDV solution fundamentally solves this issue by cross-checking the medical claim against its counterpart in both the Human Resources and Social Security Departments. When the result is positive, the settlement can be made immediately and directly online without requiring any additional proof, reducing cost and increasing efficiency. By using CPA (Claim Process Automation), the platform also provides anti-fraud protection, insuring the security of the fund as well as enhancing user experience. THEKEY always abides by all key regulations, insuring that the data never leaves the custody of the government, can never be downloaded, and can never be seen by unauthorized persons – optimally insuring both user privacy and the security of their data.

In addition to the above THEKEY Project is now developing a second-generation IDV solution for the Internet deploying its proprietary Blockchain based Dynamic Multi-Dimension Identification (BDMI) technology. Designed to deliver “Smart Medical Insurance Pay”, THEKEY’s minimum viable product (MVP) was launched in Kaifeng, China on May 28th, 2018, and has already performed perfectly against the challenging benchmarks specified in the initial BDMI feasibility study. With the in-depth cooperation with Taikang, and the launch of THEKEY’s mainnet, BDMI will soon also be applied to enhance the efficiency of settlement of medical claims by providing “undeniable” and “unalterable” Identity Verification (IDV) services.

About THEKEY

THEKEY is a decentralized ecosystem of an identity verification tool using national big-data and blockchain. THEKEY project team is now developing an Identification Verification (IDV) tool with blockchain based dynamic multi-dimension identification (BDMI) by using Personally Identifiable Information (PII) which is exclusively authorized by government authorities. THEKEY’s token (TKY) is the only method for settling smart contracts signed between the participants in any THEKEY Ecosystem. THEKEY mainnet is scheduled to be released at the end of this year. TKY is currently tradable on a variety of global exchange platforms such as Bit-Z , KuCoin , LBANK, Hitbtc.

For more information, please visit:

Website: www.thekey.vip 

Twitter: https://twitter.com/thekeyvip  

Telegram: https://t.me/THEKEYOFFICIAL

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