There are many new coins coming online, and here are some new additions from the OpenLedger news team that can be added to your investment calendar.
In the age of big data, data is undeniably the world’s most valuable asset, and yet there lacks a clear definition of data ownership and an even less of a clear framework for claiming and protecting rights of ownership over this invaluable asset. We define data ownership as having the right to control data and claim the profits generated from the data. The challenge is that since data can be easily copied by anyone, they could hold the same control over the data as the original owner. It is extremely difficult to clearly assert ownership and defend your rights as the legitimate owner of the data.
Current solutions in the market for “secure” data exchange between two parties rely on a trusted third party, such as a centralized data exchange. However, these “trusted” third parties are profit-maximizing organizations with their own agendas, and are storing data in the absence of authorization, neglecting data privacy, and even engaging in data fraud.
In the 1960s, Steven Levy’s Crypto put forth Turing Award winner Whitfield Diffie’s concept of a “decentralized view of authority”. Diffie’s vision was to solve problems of data security during data exchange through cryptographic tools. In 2008, with the introduction of Bitcoin and blockchain technology, it finally became possible to realize Diffie’s vision.
“Data privacy and decentralization of power will build trust between non-trusting parties and allow data to realize its full value”, said Alexander Chen, co-founder of Ownership Foundation, “Now is the time to reshape the traditional data landscape and build a new paradigm of collaborative computing and data sharing, and usher in a new era of business cooperation, security and economic prosperity”.
The Ownership Foundation is responsible for building the Ownership System, a decentralized privacy-preserving data computation platform aiming to create a blockchain-based data ownership protocol on top of the OSI Model’s Seven Layers of the Internet.
“By incorporating zero knowledge proof, homomorphic encryption, and secure multi-party computation, the Ownership System delivers a secure data computation and data exchange solution.”, said Alexander. “People can access the results generated from conducting computations on the data, but they will not have access to the underlying raw data”.
Developers can also build decentralized privacy-preserving applications on the Ownership System.
In 1998, computer scientist Nick Szabo stated in his paper that “doing business on the Internet requires a leap of faith”. In the digital era, data protection and ownership decide a company’s destiny, and companies are rightfully sensitive about data security and data privacy.
The Ownership System solves the problem of data privacy during data computation and exchange, lowering the barriers of cooperation, and thus promoting inter-organizational and intra-organizational cooperation.
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Karma. Global decentralized blockchain-platform, where people and companies can interchange directly to each other. All participants work directly with each other.
Create a powerful impulse for entrepreneurship
Today SME’s creating up to 90% working places among all private companies. Wherein, 90% of business-loans issued to large corporations. Karma solves the capital accessibility issue for SME.
Distribute capitals evenly across the world
Some countries have deposit interest rates as small as -0.75% or 0.1%, and loan interest rates starting just from 1%. More than 3 billion people live in countries with loan interest rates as high as 20-30%.
Create opportunity for direct resources interchange
Karma is an ecosystem. All participants work directly with each other. People can create lots of different types of relationships, and can decide for themselves which ones are effective and which are not.
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The Financial Information Chain, or FINCHAIN, is the first public blockchain focused on the underlying applications in the financial industry, built on a decentralized, open source, financial information services platform.
FinChain will address the issues of limited capacity and high transaction costs currently seen on most public chains, securing and protecting the key components of any financial blockchain including user privacy protection and authenticity during the process of assets digitalization.
The evolving regulations related to KYC compliance have made KYC-based systems more complex and have increased the time for customer on-boarding. That’s where Belrium turns out to be different. It offers customers a secure, private, personalised and decentralised ecosystem that aims to minimise the repetition related to KYC compliance, saving you considerable time and cost.Businesses and enterprises across the globe unanimously agree that growing complexity and cost of KYC compliance are major reasons that affect outcomes from both organisational as well as customer perspectives.
According to the recent surveys, more than 70 percent of businesses have complained that their customers are facing issues with random or unpredictable changes in the KYC status. In rest of the cases, customers are proactively involved in the process of keeping their KYC status updated.Belrium is unique in this context as it enables businesses and enterprises to not only reduce the customer on-boarding time but also simplifies the compliance process by eliminating the need for repetition.
Belfrics, the fastest growing cryptocurrency exchange and Blockchain development firm in Asia and Africa is launching Belrium ICO, to power the 1st KYC compliant blockchain, Belrium. Belfrics Exchange Tokens (BET), which are sold in the ICO token sales period will be converted to ‘BEL’, the access currency for Belrium Blockchain.
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