Source for BlockChain News

Category archive

Blockchain

Pepsi Blockchain Trial a Success

by
Pepsi blockchain trial

Pepsi blockchain trial

On Monday, May 6, media agency Mindshare said a Pepsi blockchain trial has been carried out and that it brought a 28% boost in supply chain efficiency. At the time of writing, PEP stock is down less than 1%.

Here’s what we know.

Pepsi Blockchain Trial: The Details

Today, Mindshare said the Pepsi blockchain trial was intended to see if blockchain could address “industry challenges” in programmatic advertising. The trial ran in March in the Asia Pacific region. Alongside Mindshare, the food and beverage company worked with MediaMath, a programmatic marketing technology firm, and Ad Science, a media firm Integral.

The campaign was also meant to improve transparency and stretch advertising budgets. And the trial proved to be a success, with PepsiCo’s director of consumer engagement saying “the results are encouraging.”

In the trial, the companies compared a controlled budget to measure how effective blockchain technology is, sources say. According to Mindshare, there was a 28% increase in supply chain efficiency in terms of the cost for viewable impressions, according to sources. The results also indicated efficiency increases “in running the campaign through smart contracts, versus one without.”

With the success of the Pepsi blockchain trial, the New York-area company plans to run more campaigns, this time “under different conditions to verify more hypotheses and measure overall impact.”

>> Fidelity Investments will Trade Bitcoin in a Few Weeks!

Stock Reacts

After the news was released, PEP stock slid into the red zone. According to Yahoo Finance, PEP stock is trading at $127.36, which puts it down 0.23% on the Nasdaq.

Takeaway

What do you think about the results from the Pepsi blockchain trial? Are you intrigued by a food and beverage giant like Pepsi moving into the blockchain industry? Do you have any predictions for the new round of campaigns?

Let us know what you think in the comments below and be sure to follow along with this story!

Featured image: DepositPhotos © venge.mail.ua

 

uBUCK Debuts | Hybrid Summit 2019 Welcomes Jon Malach

by
uBUCK

uBUCK

uBUCK Advisor Jon Malach lights up the stage at Hybrid Summit 2019.

Hong Kong Blockchain Week is underway and on March 7th, Hybrid Summit 2019 made its debut at HKBW. The blockchain-centered educational event held speakers from all over the world, including IOHK Founder and CEO Charles Hoskinson. Among the many presentations made, the uBUCK presentation, in particular, has gained buzz from the event – according to speaker Jon Malach, uBUCK is offering a new and convenient approach to crypto Mastercards and stablecoin wallets.

The Hybrid Summit is an annual event that has been running since 2017. Macau hosted in 2017, Thailand in 2018, and Hong Kong this year. The event is a networking and educational opportunity for investors, enthusiasts, and influencers in fintech and blockchain. Hybrid Summit is a one day event that has a focus on education.

uBUCK at Hybrid Summit 2019

Mr. Malach’s presentation yesterday was centered around stablecoins and the convenience and efficiency of transferring funds to others using digital currency rather than going through the traditional banking system.

uBUCK
uBUCK Advisory Board Member Jon Malach presented at the conference (March 7, 2019).

During his presentation, Malach explained that uBUCK is a cryptocurrency wallet that has fiat capabilities. Users are able to buy uBUCKs using either Bitcoin (BTC) or Ethereum (ETH), effectively converting and “storing” their cryptocurrency in a stable coin that is tied to the US dollar. Other digital currencies ebb and flow in price fluctuations, but by switching your funds to a stablecoin, a user can mitigate risk much more effectively.

How Does uBUCK Work?

uBUCK users buy a prepaid voucher from the uBUCK mobile app. Not only are ETH and BTC accepted, but regular debit and credit purchases are also accepted in the app. Once a voucher is purchased, users can then load the uBUCK Debit MasterCard with their voucher credit. From there, sending or receiving money is as easy as using PayPal.

The physical uBUCK black elite MasterCard can be used anywhere MasterCard is accepted, and cash can even be taken out from the card at any ATM.

Aside from those banked that want to spend their digital currency, Malach highlighted that the 1.7 billion adults around the world could use the uBUCK Mastercard and digital currency wallet. Two-thirds of the global unbanked population have access to mobile phones, opening the door to mobile banking services for them. uBUCK could aid this population of people by allowing them to send money to friends or family anywhere in the world with pure convenience.

Interested in finding out more about uBUCK? Click here.

If You Liked This Article Click To Share

NetCents Powers Purchase Potential with 40th Partner Agreement Signed

by

Vancouver, British Columbia–(Newsfile Corp. – September 18, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”). Accelerating its pace for market adoption and integration, NetCents has signed its 40th partnership agreement.

Following on the heels of NetCents’ 20th partner announcement in February, NetCents is pleased to announce the signing of its 40th partnership agreement. A doubling of its partners in such a short period of time reflects the Company’s aggressive trajectory to accelerate partner growth and keep pace with merchant adoption of cryptocurrency. This growth demonstrates the increased willingness of merchants to offer their customer bases alternatives to traditional payment methods by incorporating the NetCents cryptocurrency solution online, in-store, and integrated into their POS systems.

“This accelerated partner growth continues to validate our business model and the future of the Company,” stated Clayton Moore, Founder, and CEO of NetCents Technology. “Whereas in 2018 and early 2019, we needed to actively sell our partners on the advantages of NetCents, we are now having major players in the payments space actively seek us out to allow them to offer cryptocurrency by embedding our Merchant Gateway within their technology, providing merchants a seamless experience and onboarding process for cryptocurrency payments.”

Through these partners including Merchant Gateways, Payment Processors, ISO’s, Terminal Manufacturers, ISO’s, and ISV’s, the Company has embedded its cryptocurrency merchant gateway technology within all major traditional payment sectors. This integration provides the Company with the key competitive market advantage of being the default cryptocurrency payment provider for merchants.

The Company’s Partners allows NetCents to access millions of merchants, hundreds of new partners, millions of users, and a sales force of thousands of agents who actively sell the NetCents cryptocurrency Merchant Gateway to their existing merchant base daily.

“We are already seeing the early success of our partner strategy come to fruition,” added Mr. Moore. “The Company has experienced an average 95% monthly increase in merchant signups since May in addition to an average of 39% increase in processing volume every month since February.”

To augment the Company’s Partnership Program, the Company has begun its Merchant Acquisition Plan (M.A.P.). The Company has brought in industry-leading veterans to develop, launch, and manage M.A.P. The goal of M.A.P. is to add 15-enterprise merchants that process over USD 20 million per year in sales with a monthly baseline of $100,000 cryptocurrency transactions.

The team advancing M.A.P. analyzes of tens of thousands of businesses across North America, Europe, and Australia ranking them against a scoring system, personalizing their outreach message by business or vertical, and launching an educational content program on their respective market trends and NetCents’ products and programs.

While the program launched less than a week ago, 287 merchants who fit the selection criteria have been outreached to with an initial 26% engagement rate. The campaign will continue to run through March 2020 with an additional 100 – 300 merchants added to the outreach queue weekly.

By continuing to drive mainstream interest and adoption via a multi-pronged approach, while increasing market and merchant share, cryptocurrency as a viable payment option is within reach.

About NetCents

NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N), the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations at investor@net-cents.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Please See Disclaimer

If You Liked This Article Click To Share

NetCents Powers Purchase Potential with 40th Partner Agreement Signed

by

VANCOUVER, B.C., September 27, 2019NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”). With the focus on expanding the processing volumes of cryptocurrency transactions, NetCents Technology set a new benchmark by forming relationships with additional liquidity sources.

To supplement already established cryptocurrency exchange networks and reduce the need for large floats to fund instant settlements, NetCents was relentless in dissecting the entire conversion and settlement process to reduce the counterparty risk of working with exchanges and significant capital requirements.

“Working with multiple institutional partners to provide managed funds allows us to process unlimited transactions with fewer capital restraints,” said Clayton Moore, Founder, and CEO of NetCents Technology. “We are now able to continue to scale our processing without the large floats that were previously required – it’s a game-changer.”

With competitors forced to limit a merchant’s ability to scale their cryptocurrency payments, many began looking for options.

“We have seen an increase in merchants abandoning their service providers to convert to our platform,”  added Mr. Moore. “By streamlining the entire process to the benefit of our merchants, we’ve also reduced our capital outlays and counterparty risk while substantially increasing our capacity.”

About NetCents

NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N), the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC. 

For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations at investor@net-cents.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change. 

Please See Disclaimer

If You Liked This Article Click To Share

Victory Square Adds Three New Advisory Members

by

  • Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits.
  • VST portfolio consists of 20 global companies using artificial intelligence (AI), blockchain, virtual and augmented reality (VR/AR) to disrupt sectors as diverse as fin-tech, insurance, health, and gaming.

VANCOUVER, British Columbia, July 25, 2019 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST)(FWB: 6F6)(OTC:VSQTF)  is very excited to announce that Darin Recchi, Carey Dillen, and Tasi Gottschlag have joined VST’s advisory team, making the Victory Square team even stronger and providing strategic support to portfolio companies.

VST’s advisors include professionals with deep experience in growth, operation, finance and legal. They provide operational and growth support to portfolio companies and help them with commercialization and building scalable businesses.

“We are thrilled with the addition of three new distinguished and highly experienced advisors to help us improve the competitive positions of our portfolio companies and unlock value-creating opportunities,” said Shafin Diamond Tejani, CEO of Victory Square Technologies.

“Strengthened with these new appointments, our team continues its deep support for select portfolio companies to maximize their growth and accelerate their path to commercialization with well-executed scalable business models ultimately realizing their potential for creating superior shareholder value,” Tejani added.

Joining the current advisory team are the following three experienced individuals:

Carey Dillen

With 20+ years of experience spanning startup to rapid growth environments, Carey harnesses an entrepreneurial drive, strategic mind and strong vision to grow people, profits and purpose. Carey has experience working with well-established organizations to dynamic startups and has contributed extensively to health, wellness, and sports communities locally, nationally and internationally.

Carey is highly experienced in strategy development, operational efficiency, financial management, people development and franchising in both private and publicly listed companies. Carey’s experience in leading teams includes developing the infrastructure to scale for rapid growth from $1 million to $1 billion.

As President of YYOGA and YYOGA at Home (on-demand digital business), she leads the development, growth, and strategy for the company. Initially growing through M&A with other yoga studios in Vancouver, YYOGA’s community has grown to 12 locations within BC and Ontario. Previously, as the VP of Finance for the Vancouver 2010 Olympic Games, Carey was instrumental in the startup, growth, and dissolution of the organization; she also acted as an advisor to London 2012 and Sochi 2014 Olympic Games. In addition, she has held senior leadership positions with some of Canada’s top brands like Boston Pizza, MEC and KPMG.

Giving back to her community is a central part of Carey’s life. She has been an advisor and board member for nonprofit and high-profile organizations like 2016 Americas Masters Games, 2015 FIFA Women’s World Cup, Sport BC, BC Athletics, and SBC Insurance Ltd.

Carey has a Bachelor of Commerce, a CA-CPA designation and is a member of YPO. In addition, she was recently nominated for YWCA’s Women of Distinction in the business and professions category.

Darin Recchi

A software sales and growth leader with over 20 years experience with high performing sales teams in established through to startup size organizations, Darin has lived in San Francisco, Vancouver and Denver and had the benefit of growing & leading teams in different markets.

Currently leading Sales Enablement & Talent Initiatives at Thoughtexchange, a solution providing online engagement software and has raised $18 million to date. Darin grew his career and held senior sales leadership roles at SAP/Business Objects (previously Vancouver-based Crystal Decisions), Adobe, NetSuite, Allocadia, and PerfectMind, growing and leading sales, renewals & channel organizations responsible for $100s of millions in revenue.

Darin continues to help startups down the path to finding the right people, product, and market fit by helping them focus on execution, the right go-to-market strategy for their size and growth and avoiding many of the pitfalls he’s come across in his experience.

In recent years he brought his experience to volunteer roles and board positions related to high tech at KAST and as a founder of Smart Kootenays, as well as sports leagues his children are involved in.

Tasi Gottschlag

A serial tech entrepreneur with over 12 years experience, Gottschlag is the COO of Keela, an impact technology company committed to building specialized solutions for the nonprofit sector.

Previously the CFO of Voxter Communications, which was acquired in 2018 by Ooma, the #1 ranked free internet phone service among VoIP phone providers. Tasi is part of the leadership team that grew Voxter Communications by 20X.

Tasi is highly experienced in operational efficiency and proficiency, financial management and decision making, people and culture, and navigating the IPO and RTO process.

She gives back to the startup community through her role as an Entrepreneur in Residence at League of Innovators (LOI) a national Canadian charity with a goal of building entrepreneurial acumen for youth, at scale.

In a recent corporate update, VST’s select portfolio companies showed strong performance and achieved significant milestones in terms of revenue growth, product development, and customer acquisition.

Check out VictorySquare.com and sign up to VST’s official newsletter at VictorySquare.com.

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

We’re not an accelerator. We’re not an incubator. We’re venture-builders.

Victory Square Technologies Inc. (CSE:VST)(FWB: 6F6)(OTC:VSQTF)  builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits.

VST’s sweet spot is the cutting-edge tech that’s shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using blockchain, AR/VR, and AI to disrupt sectors as diverse as fintech, insurance, health and gaming.

What we do differently for startups

VST isn’t just another investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you’ll scale, monetize and be ready for public listing or private sale.

What we do differently for investors

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSTQF). For investors, we offer early-stage access to the next unicorns before they’re unicorns.

Our portfolio represents a uniquely liquid and secure way for institutional investors to double down on the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides. For more information, please visit www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to the completion of the acquisition of an interest in Limitless Blockchain and the timing, cost and terms thereof, the impact of the acquisition on the Company, the strategic direction of the Company, and its goal of broadening its portfolio of interests in innovative companies. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical fact contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Please See Disclaimer

If You Liked This Article Click To Share

LiteLink Announces Launch of PerfectRoute, a Route Planning and Fleet Optimization Solution

by

VANCOUVER, British Columbia, Oct. 15, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B, a key player in logistics and payment solutions, is pleased to announce PerfectRoute, a delivery route planning and fleet optimization solution for all types of vehicles designed for last-mile delivery, powered by the 1SHIFT Logistics platform.

With the global route optimization software market expected to reach US$5.07 billion by 2023, compounded with today’s increasing pressure to lower costs of transportation and logistics.

Route optimization will be provided to enterprise customers via Litelink’s flagship 1SHIFT platform, but also as a standalone offering in a simple monthly subscription format under the second brand ‘Perfect Route,’ guaranteeing the best route for any delivery to achieve the lowest delivery costs.

1SHIFT’s route and truck optimization features will be available to the mass market this quarter in 2019, which customer trials currently taking place at this time.

PerfectRoute is a true self-service SaaS offering from Litelink focused on user simplicity and immediate response of the best fit optimized route to take. To access this feature, any user can upload any number of pickup and drop-off locations, and simply click ‘Optimize’ to generate the most efficient planned route to take. The key differentiator is a ‘truck optimizer feature’ that estimates how many trucks are required to ship al customer orders minimizing wastage and cost.

“While onsite with a customer implementing our flagship platform 1SHIFT Logistics, we noticed the time and effort being spent each day manually figuring out how many trucks and customer orders were required for planned truck routes. It is clear the owners are very reliant on two critical resources and an array of manual steps,”

stated Shanila Karim, head of 1SHIFT Customer Success.

“We are very excited about the launch of our new product PerfectRoute, which will solve some of the key biggest challenges faced by last-mile delivery businesses,” said LiteLink CEO Ashik Karim. “Litelink can continue to focus on rolling out 1SHIFT Logistics to enterprise clients, and now capture even a larger market with a subscription based high value solution like Perfect Route.”

To learn more about PerfectRoute, schedule a demo of the solution or request a 14-day free trial, please visit https://1shiftlogistics.com/1shiftrouting2/ or email kent.churn@1shiftlogistics.com.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. Our route planning and fleet optimization platform PerfectRoute is designed to help last-mile delivery companies better plan deliveries with higher truck utilization.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

Please visit the company’s website at litelinktech.com. For a free report on LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0Bvisit cryptocurrencynews.com.

Please See Disclaimer

 

Deloitte Launches Demonstrational “Blockchain in a Box” Platform

by
Deloitte

Deloitte

Multinational consultancy firm Deloitte has announced the release of its “Blockchain in a Box” platform that hosts demonstrations and experiments of distributed ledger technology in business applications.

Blockchain in a Box Platform

According to the company’s press release on August 9, the development of the “Blockchain in a Box” BIAB platform was inspired by customer interest in understanding the potential of distributed ledger technology in real-life circumstances. Business start-ups find it hard communicating to stakeholders about the unique benefits of blockchain and therefore Deloitte will be looking to fill that gap with its BIAB platform. The BIAB platform is mobile-based and will make it easier for developers to demonstrate, prototype, and even share projects efficiently.

Commenting on the launch, the US blockchain leader at Deloitte, Linda Pawczuk, indicated that the “Blockchain in a Box” platform is a mobile and self-contained platform that has the ability to host blockchain-based solutions in the form of four compute nodes, three video displays, as well as networking components to enhance integration with external services such as cloud communication and storage.

Each compute node can be used with a secured digital card to allow the business to demonstrate and share projects quickly. This approach enables developers to have a tool for the creation and sharing of dApps with limited hardware.

Solving the Problem of Developing Proof-of-Concept

At the beginning of this year, Deloitte carried out a Global Blockchain Survey, which showed that most start-ups do struggle when it comes to where to get started in developing proofs-of-concept that leverage the exceptional features of blockchain technology.

>> Ripple Partnership: Santander Group Expands the Usage of One Pay FX

Pawczuk stated that with the platform, executives will no longer be asking questions about blockchain but rather a series of questions that reflect on the role distributed ledger technology can play in their organizations. She added that there is the misconception of blockchain being a tech solution when, in reality, it is a technology component that can enhance broader business applications as well as approaches.

Deloitte, along with other 20 firms including Fidelity and Amazon (NASDAQ:AMZN), recently started supporting Startup Studio, an accelerator program that offers workshops to blockchain startups to enhance various skills.

Featured image: DepositPhotos © nils.ackermann.gmail.com

If You Liked This Article Click To Share

LiteLink Signs Trial And Customer Agreement with Large Canadian Nursery Leader, Strengthening Its Position in the Live Product Logistics Industry

by

VANCOUVER, British Columbia, Sept. 11, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”)(CSE:LLT) (OTC:LLNKF)(FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that it has signed a customer trial and a definitive user agreement with one of Canada’s largest nurseries, Brookdale Treeland Nurseries Ltd. (“Brookdale”) to provide Brookdale with the enterprise version of the 1SHIFT Logistics platform. This agreement marks a milestone and a major step forward towards 1SHIFT operating in the tree and nursery industry across North America. Over 3000 nurseries operate in Canada alone. According to IBIS World, the nursery industry yields over $50 billion dollars in revenue, spans across 24,642 businesses and employs over 140,000 employees across the U.S.

1SHIFT powered by LiteLink is an end-to-end logistics management solution that enables shippers and carriers to engage in freight matching, automate daily functions, and achieve real-time visibility into their transportation network. The addition of Brookdale will further LiteLink’s goal to be the dominant logistics platforms used by nurseries across Canada.

As per the agreement, Brookdale will receive full commercial access to the 1SHIFT logistics platform to achieve advanced real-time visibility into tracking and tracing, and route optimization to drive the cost of labor and fuel down, all of which will be integrated into their existing TMS ecosystem. The commercial agreement is perpetual use based and fees are based on the number of transactions occurring in the system. There are no start-up fees or cancellation fees in place.

The agreement states that Brookdale will receive 30 days of free commercial use and trial of the platform starting with advanced visibility, while 1SHIFT completes the customizations required for route optimization and load building features. Brookdale has already begun live trials at this stage.

“The challenges our customers are facing today require greater visibility into their transportation network,” said Ashik Karim, LiteLink’s CEO. “The nursery and tree industries across Canada are ripe for technology that drives shipping efficiencies, automated truck loading plans, route optimizations, and temperature sensors. We have full intention of working through the entire list of over 3000 nurseries, targeting the specific common challenges that this industry is facing today. Starting off with an amazing company like Brookdale is the right major step into this industry.”

“The 1SHIFT Platform first runs look very good and the roadmap looks very promising to driving value for our logistics needs. We look forward to continuing to expand the use of the 1SHIFT features,”

stated Marc Bonnici, Brookdale’s National Distribution Manager overseeing logistics.

About 1SHIFT Logistics

LiteLink’s highly regarded 1SHIFT platform is used by shippers and carriers to engage in freight matching, to gain better visibility into their businesses, and to automate daily functions that were performed manually. The 1SHIFT mobile app is used by truckers to view real-time shipment details and flag any issues, automatically provide the truck’s geolocation using the phone’s GPS capabilities and empower every employee from the shipper, carrier, drivers to deliver more connected, intelligent customer service. The end result is that stakeholders who are monitoring shipments can view an interactive map within 1SHIFT showing the current location and progress of each shipment. 1SHIFT also has a robust audit trail capability employing blockchain technology that provides an immutable historical record of the events surrounding each shipment.

About Brookdale Treeland Nurseries Ltd.

Brookdale is one of the largest and most-respected growers of garden plants in Canada, servicing garden retailers, landscape contractors, municipalities, and golf courses throughout Canada and the northern United States. It has been seeking an advanced freight & shipping visibility platform that can be seamlessly worked in without any start-up costs.

Brookdale is one of the largest and most respected growers of garden plants in Canada and is proud to service garden retailers, landscape contractors, municipalities, and golf courses throughout Canada and the northern United States. Brookdale services customers from three locations in Ontario, one in BC and one in New Brunswick with a total land base of over 700 acres. Through its network of over 300 other growers, Brookdale brings products from around the world to its retail and wholesale clients, some of which are Fortune 500 corporations.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”)(CSE:LLT) (OTC:LLNKF)(FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. LiteLink’s flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies. Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.  Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations. 

Please visit the company’s website at litelinktech.com. For a free report on LiteLink Technologies Inc. (“LiteLink”)(CSE:LLT) (OTC:LLNKF)(FRA:C0B) visit cryptocurrencynews.com.

Please See Disclaimer

Trading with Crypto Exchanges and Crypto CFDs

by
crypto cfd

crypto cfd

CFD could be a very foreign word for a crypto trader, but for traditional market traders, it is one of the most useful assets to trade with on different markets. CFD is an abbreviation for Contracts for Difference, which are basically assets that help you “buy a price” and not the asset itself. It may sound a bit confusing, but it is still quite easy to understand once you know the basics.

The primary difference between actual cryptos and crypto CFDs is the ownership. Meaning that when you are trading on a crypto exchange, you are using actual cryptocurrencies. But when you are trading crypto CFDs on a CFD broker’s platform, you are trading with the contract, meaning that you don’t actually own cryptos. Immediately it should spark some controversy as to why you should even consider such a trade, so let’s check out the advantages and disadvantages.

Crypto CFD: Advantages

Crypto CFDs are exclusive to CFD or Forex brokers. These companies are able to offer leverage on these assets, which is the primary reason why they are so attractive. For example, if I go to this CFD broker and engage in a $100 trade for BTC CFDs, I can then use a leverage of 1:100. Basically what that leverage does is increase the volume of my trade by 100, meaning I can now trade with $10,000 instead of $100. This, in the end, may earn me more than I would with my own assets. Basically, the broker lends you funds in order to increase your trades and thus your profits as well. Crypto exchanges rarely have this feature, which is why CFDs are not as well known among the crypto community.

Liquidity is also an advantage of crypto CFDs because they can be sold for fiat currencies, making them a lot more valuable.

Another small advantage is the lack of a crypto wallet, as there is no need for one. Therefore traders have all of their assets on one single platform, which helps the logistics. Unfortunately, this is where the advantages end and massive disadvantages begin.

>> How to Become a Bitcoin Trader: A Beginner’s Guide

Crypto CFD: Disadvantages

Leveraging can be a double-edged sword. Although leveraging can offer bigger profits, it can also lead to massive losses, which may cause the trader to fall into debt with the broker. If you ever decide to engage in a crypto CFD trade with leverage, make sure to set a stop-loss on a point where you have half of your initial investment left. So if you invested $100 and got 1:100 leverage, you would have to set the stop loss at somewhere around $9,950 to avoid a complete zero-out of your account.

Another disadvantage is that CFD trades have deadlines. This means that when you place an order, that order will expire in a few days or so. This renders long-term investments completely useless. You could technically still do it, but the over-night fees for maintaining the position would just make it unprofitable. The over-night position is as it sounds, a position that lasts more than 24 hours, and it is usually accompanied by a fee.

Another disadvantage is that you don’t actually own cryptocurrencies, meaning that you cannot allocate them anywhere you like. For example, let’s say that there is a service that is only available in Bitcoin or Ethereum; you would not be able to pay with a Bitcoin or Ethereum CFD, because they are not real cryptos. Furthermore, the allocation may become a problem as a broker’s policies may change about crypto CFDs, which could stick you with the trade or force you to opt-out in an unprofitable position. With crypto exchanges, it’s different as you can immediately allocate the cryptos to another exchange’s account.

Conclusion

We have two very clear paths in front of us. Crypto CFDs come with advantages as well as disadvantages, so deciding how you want to proceed requires extensive research and comprehension. Hopefully this article can be a starting point to both.

Featured image: Pixabay

If You Liked This Article Click To Share

LiteLink Technologies Signs Definitive Agreement to Provide 1SHIFT Logistics Software to its First US Customer, Bay Water Transportation

by

VANCOUVER, British Columbia, Sept. 06, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that it has signed its first U.S. 1SHIFT Logistics customer, Bay Water Transportation (“Bay Water”), a fully licensed and insured international logistics service provider headquartered in Houston, Texas.

Bay Water has been seeking an advanced freight & shipping visibility platform that they can seamlessly work in without any start-up costs, overhead, or fees to gain real-time visibility into freight, freight issues, advance ETAs, and real-time problem management and customer communications.

The definitive agreement will see LiteLink provide with Bay Water perpetual use of its 1SHIFT Logistics platform for advanced real-time freight visibility, interactive real-time maps, and ETA, route optimization, deviation from optimized routing, problem management, audit logs, problem management, digitization of bill of lading and proof of delivery that removes the need for faxes and emails.

“We are excited to roll this out to our first major brokerage group in the U.S, that have a real need for visibility to track shipments and enrich their customer experience and service,” said LiteLink CEO Ashik Karim. “Having visibility into real-time data, deviation of routes, and real-time updated ETA’s is something that every broker needs in their arsenal to deliver the highest customer service and to remain competitive.”

Bay Water has been given a 30-day free onboarding period to learn about and get comfortable with the platform. Bay Water will then pivot to a pay-per-load model.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

Please See Disclaimer

If You Liked This Article Click To Share

1 2 3 13
Go to Top