YouTube’s Blockchain Rivalry is here !!

YouTube’s Blockchain Rivalry is here !!

Rival of Youtube !! Yes you heard it right; a South Korean Crypto Company named SUCON came up with  SU-WORLD; a online media contents streaming platform.
SUCON literally means ‘ SUPER CONNECTION ‘ and ready to be  the intermediate fulfilling the objectives of SUCON.

SU-WORLD  definitely compensates the content creators with SU-COIN , but interestingly viewers will be paid for watching and commenting ; which would make the platform more engaging and all rewards would be based on SU-COIN and the market it attracts. As the advertisers can select their form and design to get their target audience and furthermore help themselves for legitimate marketing.
For Miners there is a innovative method ‘ Storage Renting System ‘ which would compensate miners for storing the various media contents.
These days major advertising-driven platform like Facebook and Google  are phasing out ads for cryptocurrencies, shielding themselves from potential legal liability, if the ads are scams or the digital coins are eventually regulated as securities. Video creators with an interest in cryptocurrency say that’s also a factor driving them away from the big names.Platforms like SUCON are decentralized ,keep more power—and potentially, privacy—in the hands of creators and users. 

◆ Just the creation of SU-WORLD by SUCON  solved following problems :-
1. SECURITY
–  No chance of hacking with the help of DLT.
2. Eliminating need of Big Data Center
– With ‘ Storage Renting ‘ for miners.
3. Copyrights protection
– All Transactions on Ledger.
4. No Brokers
– Decentralized and P2P interaction.
5. Commission Free Platform
– Creators/Viewers well compensated .
6. Ultra High-Speed
– Thanks to the DLT of transactions.

Creators can expect to retain significant control with blockchain sites because there are few barriers if they decide to leave, Like email, it’s relatively easy to switch to a similar site if one doesn’t likes. And because of the decentralized nature of SUCON, tech-savvy users can find ways to post controversial material, even if he tries to block or ban it. With blockchain, people will finally have the chance to be rewarded for their time, attention, and data. No longer will their valuable data be controlled by a few giant companies.

Check more at www.sucon.io

Blockchain Technology for Fintech

Blockchain Technology for Fintech

Implementation areas, opportunities & challenges.

Fintech is here to stay. Why? To put in short, fintech is

changing conventional finances using technology to improve financial services provided to end customers.

 

The world has welcomed the Fintech industry with open arms. The total value of the global investment into the fintech industry has grown from approximately $1B in 2008 to about $24B. Still, over the last several years, investment in fintech has been on the rise. The global market is expected to grow at compound annual growth rate (CAGR) of 54.83 percent between now and 2020.

 

Below you can find five conventional areas of financial services, where a significant amount of innovations occur:

  • payments and money transfers;
  • borrowing and lending;
  • capital management;
  • insurance;
  • currency.

The blockchain money (r)evolution

According to PwC Global FinTech Survey 2017, implementation blockchain in the business will not occur overnight. But the report also quotes that 77 percent of its respondents expect to adopt blockchain by 2020.

 

“Blockchain technology and cryptocurrencies are on the way to rewrite finance industry and drive it forward. The area is moving beyond the hype, more and more business use cases of blockchain appears and makes a success. What we can expect from future are crypto regulations for ICO market, cryptocurrency exchanges and traders. It may hurt the industry in the short perspective. But in the long run, it will bring trust and certainty and have a positive outcome for the industry.”

 

— Mike Rozhko, CoinLoan Business Development Manager

The Opportunities of Blockchain Adoption:

  • Digital assets. Blockchain gave us digital property, that can’t be copied or stolen directly. It offered reliability that has never been available on the Internet.
  • Cryptocurrencies. It’s an opportunity for individuals to have full control over their money, cutting out the third party.
  • Transaction record. Blockchain keeps an audit trail of each transaction and the details of the parties involved.
  • Smart contracts. They can ensure the fulfillment of obligations of both parties before the completion of a transaction or agreement. It enables peer-to-peer distributed models.
  • Transaction speed. Traditional payments system is one of the most intermediated markets in the world, with lots of checks and requirements. Crypto transaction doesn’t take long. Average speed for Bitcoin network is 78 minutes, for Ripple is 4 seconds and for Litecoin is 30 minutes.

The Challenges of Blockchain Adoption:

  • Regulator uncertainty. There is currently a variety of rules across different countries and regulatory agencies.
  • Novel tech. Blockchain remains at a relatively early stage of development with most projects still at the start and limitations haven’t tested yet.
  • Standardization. Lack of generally accepted technical standards between blockchain network designs can lead to the integration problems.
  • Security risks. Blockchain has a potential to strengthen cybersecurity, but creates new cybersecurity risks as well.
  • Huddle of ideas. The Crypto World uses its own vocabulary, that can be confusing for newcomers.

 

ETHOS unwraps ETHOS BEDROCK

ETHOS unwraps ETHOS BEDROCK

ETHOS unwraps ETHOS BEDROCK; a connecting link between Enterprise and Blockchain.

Fulfilling its mission to create democratic financial system ETHOS unwraps ETHOS BEDROCK, which is a High-performance Blockchain Financial Services Platform. By the launch of ETHOS BEDROCK, Blockchain and Cryptographic protocols can be used by financial institutions as easy as internet protocols. Financial institutions can easily create their own blockchain and crypto currency solutions.

 

Major Applications of ETHOS BEDROCK For Institutions:-

  • Digital Wallets
  • Fiat Gateways
  • Payments
  • Wealth Management
  • Exchanges
  • Custody

ETHOS BEDROCK utilise security proven platform such as BIP32,BIP39, and BIP44 that plays a important role in safekeeping digital assests through Ethos SmartKey Technology. BEDROCK also comes up with an abstraction layer which supports for multiple Blockchain and custom digital assests.

Bedrock includes structures that enable institutions to create their own crypto wallets, liquidity and custody services, as well as custom solutions for blockchain integration, alerts, identity and transaction monitoring.

Bedrock is powered by the ETHOS token which is designed to provide utility and access throughout the Ethos ecosystem. Bedrock business partners may utilize and stake the Ethos token to unlock access to the system, pay for the fees, and receive discounts.  A gas mechanism protects the network from resource greedy, malicious or inefficient applications and provides reduced fees, creating a win-win ecosystem that operates efficiently and cost-effectively while delivering benefits to both businesses and consumers.

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