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Aura Blockchain Ready to be Unveiled

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Aura blockchain

Aura blockchain

According to reports, the AURA blockchain—which was first mentioned in March—is ready for unveiling.

AURA is a blockchain-powered platform that allows customers to verify the authenticity of luxury goods.

The team behind its include ConsenSys, LVMH, and Microsoft.

The AURA Blockchain

Owners of luxury brands Louis Vuitton and Christian Dior, LVMH, is key to AURA’s inception. The company is now hoping other luxury competitors will join the blockchain.

ConsenSys is a blockchain software technology company based in Brooklyn, New York. It teamed up with Microsoft to develop the technology that underpins AURA.

Now the group is encouraging other luxury designers to join the consortium saying AURA, is designed to “serve the entire luxury industry with powerful product tracking and tracing services.”

The group’s news release furthered:

“AURA makes it possible for consumers to access the product history and proof of authenticity of luxury goods — from raw materials to the point of sale, all the way to second-hand markets.”

The AURA blockchain works by storing unique information about every product stored on the decentralized ledger. Users can then use a brand’s official app to download a certificate which details the authenticity of the good.

Opera Adds Support for Tron

The AURA blockchain isn’t the only crypto news today.

Internet search engine, Opera, is adding support for Tron’s TRX and TRC-standard tokens in its browser-based crypto wallet.

Once the integration of the TRON blockchain is finished, users of the browser will be able to use those tokens within the browser.

The support from TRON also allows Opera’s 300 million users play Tron games and use its decentralized apps (dApps)—all within the browser.

Tron currently has over 400 dApps built on the Tron blockchain.

Opera launched its native crypto wallet in December of 2018 and already holds support for Ethereum and any ERC-20 standard tokens.

>>Bitcoin Price Jumps Again, Now Above $8K Mark

The web browser said that it has plans to add support for “multiple” blockchains in the coming year.

Do you think the Aura blockchain will help the luxury goods sector? Are you happy for Opera adding Tron support? Let us know your thoughts!

Featured Image: Deposit Photos/nils.ackermann.gmail.com

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Cryptocurrency Mainstream Adoption | Is Ebay the Answer?

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Mainstream adoption

Mainstream adoption

Are we on the verge of mainstream adoption for digital currencies? The list of companies accepting payment in Bitcoin is steadily growing and now one of the biggest e-commerce sites is hinting at joining that list. Global e-retailing giant, Ebay, has stirred rumors via its latest promotional adverts.

Let’s check this out.

Mainstream Adoption – Ebay to Support Digital Assets?

At the Consensus conference in New York, Ebay’s banners suggested the company is about to enter the cryptocurrency space.

In a photo leaked on Telegram channel @PatronsOfTheMoon, the two banners read the following:

“Virtual Currency. it’s happening on Ebay”.

And:

“Reach 179 million active buyers in the world’s largest marketplace”

The photos have caused a stir, because if eBay is readying support for virtual currencies then it would be a major breakthrough for mainstream adoption. Bitcoin would be opened up to a network of potentially 180 million buyers.

Captured by @PatronsOfTheMoon

But don’t get too excited just yet. The company has yet to confirm that the posters are legitimate and hasn’t made any official statement regarding its cryptocurrency plans.

Other Mainstream Adoption

Ebay isn’t the only major brand hinting at mainstream adoption. Elsewhere, a new initiative is aiming to make big name retailers such as Crate and Barrel, Nordstrom, and Amazon’s Whole Foods, accept Bitcoin and three other types of digital currency.

The initiative comes from a partnership between payments startup, Flexa, and Gemini crypto-exchange. The pair have created a cryptocurrency payments app called Spedn.

The app is already active and works by “piggy-backing on the digital scanners that many big retailers use to accept phone-based payments from their apps and from digital wallets like Apple Pay”.

>>uBUCK Technologies Announces Strategic Partnership With U.S. Prepaid Platform PreWay

The partnership has asked various major retailers to “configure their scanners to recognize payments” from the Spedn app. Then a customer simply pays with the app and the merchant will receive a real-time payment in the form of the customers choosing—either cryptocurreny of dollars.

The app holds support for Bitcoin, Bitcoin Cash, Ethereum and, the Gemini Dollar stablecoin. Currently, the app is still under experiment by the retailers that are using it. As such, it remains to be seen if it will be a success.

The volatility of Bitcoin and the risk of hacking, has always been a major issue that has culled mainstream involvement. But might Spedn work? What do you think? Is mainstream adoption on the horizon?

Featured Image: Deposit Photos/hello.artmagination.com

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Ethereum to Maintain Uptrend | Analysts Predict $300

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Ethereum

Ethereum

Following Bitcoin’s rally in recent weeks, there has been a tremendous upward momentum for major cryptocurrencies such as Ethereum that have gained significantly from their yearly lows to the current prices.

Ethereum Headed to $300

Analysts indicate that Ethereum is likely to maintain the current momentum and thus extending its rally towards $300 mark in the near term.

Currently, Ethereum is up about 2% from its $245 daily low and it trading at $251. When considering Ethereum’s price action over time the digital currency has significantly gained from its lows in 2018 of just below $90 and further up the 90-day lows of about $130.  The recent momentum of Ethereum is a result of Bitcoin’s recent rally that saw the price of Bitcoin surge to almost $8400 from lows of around $3000.

The upward surge of Ethereum has allowed it to establish some kind of bullish technical formations which will enable it to surge even higher in the future. The most remarkable formation being sought-after is “golden cross” which will lead to Ethereum surging even further.

In a tweet, Etherdamus confirmed to his over 10,000 followers that Ethereum’s golden cross had been confirmed and in the near future it is expected to show some bullish signs.

Analysts believe Ethereum will maintain upward momentum

Ethereum is thus destined for great highs following this momentum and one analyst holds that there is a potential of the cryptocurrency testing $270 and a break above this mark likely to lead to significant new highs.

Another popular analyst on Twitter, The Cryptomist set a price target of around $269 in the near term from the current support region of $249.

The upward movement of Ethereum and other Altcoins in the near term depends on whether BTC will continue rallying to new highs or it finds resistance and consolidates at its present price levels. A pullback is likely to effects the current market momentum of cryptocurrencies.

Analysts and traders will soon understand where Bitcoin and crypto markets are headed next.

Featured Image: Depositphotos/ akulamatiau

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What are Masternodes? How to Invest

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masternodes

masternodes

Unsure what a masternode is or how you can benefit from one? Read this guide to find out.

masternodes

What is Blockchain?

A blockchain is made up of tons of computers from all over the world. What’s special about how blockchains work is that every single one of those computers has the same records from a shared database. So, everything that’s ever happened on that database is in what is known as blocks. These blocks store the records, and this shared database is what we call the blockchain.

How to Create Your Own Blockchain

masternodes

If you want to add a new block to the blockchain, you need to convince every single computer on the network that you’ve got a valid transaction. You can’t edit previous data; you can only add to the blockchain, and that’s called being “immutable” and “append-only.” It’s what makes a blockchain a blockchain, so, personal immutable shared data is pretty rare and special.

Consensus is the process of getting every computer and node to agree on what can be added to the end of the blockchain. What method of consensus those nodes use is dependent on the coin they’re helping to secure or, in other words, the nodes are what make the blockchain able to process, so that transactions stay secure from attackers.

The more nodes there are, the harder it is to disrupt the network because of node loss or 51% attacks. A 51% attack is when one node or group of nodes controls over half the network, which lets them dictate what gets added to the blockchain and makes the network centralized, defeating the purpose of a decentralized currency.

To summarize, nodes are a bunch of computers that make the blockchain work and stay secure through a process called “consensus.”

What method or algorithm of consensus is used depends on the coin. For example, Bitcoin uses a technique known as proof-of-work, otherwise known as mining (proof-of-work = mining).

>> NetCents Signs 40th Partnership Agreement, Accelerates Market Adoption

The Cost of Mining

masternodes

Effectively mining Bitcoin these days requires specialized computers that cost a lot of money, and if you want to maximize profits, you need a lot of them. You need to get cheap electricity and a lot of it. In fact, mining uses so much power that people started getting concerned about the environmental impact of cryptocurrencies. Bitcoin mining alone used more electricity than 159 different countries. That’s thirty times more than all Tesla cars combined.

Some people do argue, however, that it’s not a waste, because mining turns power resource power into monetary value.

Some people saw this massive amount of electricity use that crypto mining incurs, and thought there should be an alternative consensus algorithm to proof-of-work. This is how proof-of-stake, or staking, came to be a thing. All you need to know with staking is that the more coins you have, the better staking rewards you get.

Think of it as a savings account. The coin’s team determines the average staking reward percentage, sort of like the interest percentage. You get paid at the bank, and in turn, you get rewarded for not touching your money. The more you lock up, or stake, the more you hypothetically get paid.

Proof-of-stake is cool because of coins like NEO. I’m getting paid several hundred dollars worth in dividends every month for literally doing nothing with the money except keeping it locked away. Even when the market is down, I’m still making money because of dividend-yielding proof-of-stake coins. So when it comes to mining versus staking, I’m not necessarily in favor of one method of consensus over the other.

There are, however, significant, mostly hypothetical, drawbacks to both staking and mining. I believe the future will belong to coins that can marry both.

One way people criticize staking is that you could literally buy 51% of the supply and dominate the coin to your benefit. However, my rebuttal to that is that in order to acquire that much of a coin, you would need to erode the supply, which would shoot up price and demand to the roof. If people sense that a coin has become centralized, they will jump ship, and the price would crash.

So, this brings us to masternodes. They’re a trendy aspect of cryptocurrency right now.

Quite simply, masternodes require a huge, set amount of a coin, and can grant even better dividend rewards than typical rewards earned through mining or staking.

Most people think that masternodes are an extension of proof-of-stake coins exclusively, but that’s not quite true. There are coins out there that use mining to make use of masternodes. So these kinds of nodes aren’t exclusive to staking or mining alone.

With that being said, running a masternode is just like staking. In a sense, you generate passive income through a masternode only by having your coins in a wallet and not moving them.

You can make a passive income with a masternode just like you could with staking a cryptocurrency. However, the rewards will be much higher on average, especially since the release of the Dash. Many coins have released their own variant of the system. The overarching feature of masternodes appears to be the locking of a minimum amount of coins and performing or gaining the ability to do a particular task within the blockchain or ecosystem and receiving a reward.

>> Altcoin Season? Bull Run Continues While Bitcoin Stalls

How Much Money Can You Earn with Masternodes?

Probably the most important thing is that your coin, and therefore the team behind it, needs to be in it for the long term. If the team, for example, stops working on the project five years down the road, you’re going to be hurting because your long-term investment is suddenly not worth as much.

The problem is that there’s no magic bullet here because no one can see the future. So that’s why you need to learn how to evaluate a team. Look into the leaders of the project. Have they had experience with this kind of project or sector before? What happened to their last project? The most important thing is to make sure you’re not in a pump and dump.

You also need to make sure the project you’re looking at has masternodes supported. Now, this is a double-edged sword because of several reasons. If a coin goes into an ICO advertising masternodes, that coin is going to get a lot of attention initially. If the project announces masternodes after it’s already started trading, that’s going to shoot up the prices, and people are going to clamor to scoop up enough of the coin to run the masternode. I’ve seen coins such as V Chain and Walton Chain increase in price massively because they revealed that they’d be adding masternodes. The secret here is finding coins that might or probably will be offering a masternode in the future. But that’s sort of akin to finding a needle in the haystack.

You also need to know how the coin facilitates the masternode. For example, masternodes for Walton Chain can receive decent rewards. If you actively mine a coin, you can use a masternode to secure a better mining yield than if you were mining without a masternode. Masternodes can give you benefits in different forms, and it all comes down to your money making you more money. The crypto rich get even richer.

To give an example, my Walton masternode currently earns me X amount at Y percentage. But if Walton’s price goes five times the current price of Z, I’m also going to make five times the X amount. That’s where things get interesting. Generally, I’ve seen masternode yield percentages decrease over time, but that can easily be mitigated with an increase in the price of the underlying coin.

How to Find Masternodes to Invest In

masternodes

Masternodes are great, but the crux is finding out about a coin before it’s big and the masternodes are too expensive for most people. Honestly, there’s very little strategy here other than being always on the hunt for these gems.

The most famous is Dash coin. The term masternode originated within the blockchain industry by the startup Dash. In the Dash ecosystem, a masternode is a computer or a node that runs Dash wallets, adding in the decision tree of the dash blockchain consensus. The masternodes within Dash help lock transactions with instant send redistribute.

Within the Dash ecosystem, you needed to have a minimum of 1000 Dash to participate as a masternode when Dash announced masternodes in June of 2015. The going price per a thousand Dash was roughly three thousand dollars at the time. Today, buying a Dash masternode will cost approximately $620,000. The payoff is that the node yields at the current valuation of Dash, which is $47,000 per year in dividends. For some people, that’s enough to live off of and never have to work again.

The best way to find masternodes is by being very good at research and analysis. If you do your research, maybe soon you’ll have an excellent portfolio with masternodes.

This article was curated through CryptoCurrencyNews’ Contributor Program. If you would like to write for us, send us your submission!

Featured image: DepositPhotos © monsit

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Solutions Risque | Security & Investigations Firm Joins Crypto Market

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Solutions Risque

Solutions Risque

Montreal, Quebec, Canada–(May 23, 2019) – Solutions Risque Investigations & Security Services, a security and investigation firm headquartered in Montreal, Quebec, Canada, has been offering executive protection services since 2017 to crypto companies and professed “crypto influencers” who have been cast into the limelight and increasingly at risk of crypto crime. Solutions Risque is showing an expanded concentration and niche security expertise working with individuals in the crypto community.

Quebec’s Support for Crypto Miners

On April 29, 2019, the province of Quebec’s energy board, Régie de l’énergie, ask Hydro-Quebec, North America’s largest producer of renewable energy offering some of the lowest electricity rates in North America, to allocate a total of 668 megawatts to crypto miners.  To date, most crypto miners were located in China but the Chinese government has been threatening an outright ban on crypto mining. The news coming out of the Canadian province has led to a dramatic influx in interest by crypto related companies wanting cheap electricity and support from a local government making Quebec, Canada the global hub for Bitcoin mining.

A spokesman for Hydro-Quebec confirmed the industry shift from China to Canada:

“Of the world’s top five largest blockchain players, we have at least three or four” – David Vincent, director of business development Hydro-Quebec. Chinese based Bitmain Technologies, operates the world’s largest and second largest Bitcoin mining pools in terms of computing power, confirmed that the company was in talks with Quebec’s energy board, with an eye towards identifying potential bitcoin mining sites in the province.

A spokesman for Solutions Risque confirms the company’s interest:

“Crypto has enormous growth potential for the coming decade and Solutions Risque will continue offering executive protection, investigations and corporate security services to those in the crypto space.” – Jonathon Bachar

About Solutions Risque Investigations & Security

Solutions Risque, is a fully bonded, insured and licensed Montreal private investigation and security agency granted by The Bureau de la sécurité privée. Our team comprises of experienced professional Montreal private investigators from the public and private security industry that adhere to a high standard of protection and professional ethics. With over 35 years of experience, our Montreal and Quebec expertise in surveillance, fraud prevention, private investigation and protection services are often solicited by other provinces and states.

For More Information Contact:
Solutions Risque Investigations & Security
www.SolutionsRisque.com
info@SolutionsRisque.com

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HTC’s Blockchain Phone | Native Crypto Wallet Now Available

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Blockchain Phone

According to CoinTelegraph, HTC’s blockchain phone, Exodus 1, now allows users to trade cryptocurrency directly from the phone’s native crypto wallet. The Taiwanese technology giant made the announcement early on Tuesday.

Exodus 1 Blockchain Phone – Native Wallet Trading

HTC’s Zion Vault will now allow swaps between various cryptocurrencies. The new feature is the result of a partnership with Kyber Network—a dedicated platform for cross-token trading solutions. HTC has added Kyber’s liquidity protocol and this allows easy swaps.

The swapping pairs include Ethereum-based ERC-20 tokens, including basic attention token (BAT), Kyber network (KNC) and dai (DAI). The platform removes the need to send tokens to intermediaries such as exchanges. Swaps are performed entirely on-chain, according to HTC who added that “fast and secure” crypto trading within mobile apps will enhance the user experience in using crypto.

The phone maker also announced earlier in the week that it has a low-cost version of the Exodus 1 due for release in Q3 2019. This phone called the Exodus 1S will also have the option of running a Bitcoin network full node.

Samsung

HTC is not the only tech giant to release a cryptocurrency phone. Samsung released the Galaxy S10 in February this year. The phone includes storage for private cryptocurrency keys.

Also, Sirin Labs released it’s blockchain phone ‘Finney’ in December of 2018. The Finney was developed off the back of an initial coin offering that raised $157 million in 2018. The phone has its own cold storage wallet built in and is described by Chief Marketing Officer Nimrod May as “a second device in the same housing as the phone.

>>uBUCK Technologies Announces Strategic Partnership With U.S. Prepaid Platform PreWay

To keep a users crypto safe, the Finney has a separate processor and its own LCD screen, in which the user inputs their seed phrase.

What do you think of blockchain phones? Are you a fan and would you trust keeping your crypto on them? Let us know your thoughts!

Featured Image: deposit photos/tsiban

Bitcoin Price Plunges | Bitcoin Investors’ Joy is Shortlived

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Bitcoin Price

Bitcoin Price

After trading above $8,000 less than a day, Bitcoin (BTC) price plunged on May 17 and it was trading at around $7,200 which is a 10% drop within a day.

Other cryptocurrencies have also experienced a price drop. Ethereum dropped 7.97% to around $240 while XRP lost 15.4% and it’s trading at $0.399. The cryptocurrency industry market capitalization fell by 8% which result in about $21 billion being wiped out in 24 hours.

Bitcoin Price Drop Triggered by Huge Bitcoin Sell Order

The sudden decline in Bitcoin price was prompted by the placement of a huge sell order on Bitstamp as well as other cryptocurrency exchanges which caused contracts on margin trading exchanges such as BitMEX to be liquidated.

Someone placed a huge sell order of 5,000 bitcoin on Bitstamp that BitMEX uses for about 50% of its feed and it seems like it triggered some kind of algorithm that impacted on BitMEX. Gnosis Developer Eric Conner said that the manipulation of the cryptocurrency market by a single sell order may actually hurt the possibility of the exchange-traded fund getting approval in future.

The 5,000 BTC Bitstamp sell resulted in a sell-off on Ethereum and Bitcoin on BitMEX which resulted in a drop in the valuation of the cryptocurrency market by almost $30 billon. In the past week, Bitcoin price jumped 26% from $6,200 to around $8,300.

Crypto Assets Far From Being Viable Currency Options

Analysts such as Alex Kruger of Global markets believe that the overnight 10% decline of cryptocurrencies indicates how the narrative of crypto assets being a viable option to global financial instability is far from being true.

Despite the short-term drop in bitcoin price and other crypto assets there is still hope that the market will pick an upward momentum in coming months.  Although the drop is seen as a minor setback it nonetheless caught most investors by surprise.

If cryptocurrency markets were regulated with trusted platforms then it could have been difficult to manipulated prices of crypto assets and the market like what happened.

Featured Image: Sinenkiy

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VanEck Bitcoin ETF | SEC Postpones Decision for Another 90 Days

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VanEck Bitcoin ETF

VanEck Bitcoin ETF

The United States Securities Exchange Commission has postponed its decision regarding VanEck Bitcoin ETF proposal for 90 days moving the deadline to August 19th, 2019.

VanEck Bitcoin ETF 

The SEC gave a 35 day period for collecting information as well as more insight on the proposal that was initially filed last year by the Chicago Board Options Exchange. Early this year when the US government shutdown reduced the operational abilities of the SEC, CBOE withdrew its request for a rule change. However, on January 31st it subsequently reapplied following the resolution of the government shutdown.

The news of VanEck Bitcoin ETF did not shock the cryptocurrency community although the bitcoin price has modestly retreated since Sunday’s 2019 new high. Even with this pullback in the price of bitcoin the market has witnessed several catalysts this year that are expected to continue fueling the bull market. Equally, the securities exchange will not focus on Bitcoin forever.

In the SEC filing, there are 14 questions posed to the public regarding the proposal from which its responses and arguments will help in reaching a decision. The issues raised generally concern the protection of public interest and investors from any form of fraud or exploitation.

Bitcoin ETF Issued by Bitwise Delayed

Another bitcoin ETF that is issued by Bitwise was delayed last week by the SEC. the decision not to say anything about VanEck at the time left many speculating the fate of this high profile ETF as the May 21 deadline approaches.  In a tweet attorney Jake Chervinsky indicated that the SEC may have needed more time to make a decision on the VanEck ETF because of semantics.

Although the SEC chose to put on hold both bitcoin ETFs, they nonetheless did not reject them altogether. It is likely that they are buying time until there is a necessary regulatory framework to govern the crypto industry.

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How Can Blockchain Transform the Real Estate Sector?

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blockchain real estate

blockchain real estate

Blockchain technology has the potential to revolutionize the real estate sector, from property trading to land registry process, diligence, and quick settlements.

Real estate is one of the significant assets in the world. The survey done by Grand View Research says that the global real estate market is estimated to reach a revenue of $4,263.7 billion USD by 2025. However, citizens in developed countries like the USA lost approximately $150 million because of real estate scams in 2018.

Though a lot of technology advancements have been made to overcome real estate scams and disputes, no technology solution has been found capable of completely doing so. If you would try to relate real estate with blockchain, you won’t find any relation at first.

But when we look at the possibilities that blockchain can bring, blockchain for real estate tends to be the next step in the revolution of the real estate industry.

blockchain real estate

In this article, we will discuss how blockchain can help overcome the problems faced by the real estate industry currently. We will map challenges faced by the industry with blockchain solutions.

Here are some of the issues faced by the real estate industry and why it requires a blockchain solution:

Lack of Transparency

The real estate market is filled with too many intermediaries who always wish to make a profit. Every intermediary involved in the process has a business model that they remain biased towards, as the deal can make them gain profits. They usually prefer to restrict options so that they are only available to sellers from whom they can make more benefits.

Lack of Liquidity

The issue of liquidity has existed in the real estate industry for a long time. Liquidity is termed as how rapidly any asset can be transformed into cash. The reasons why real estate properties are not as liquid as cryptocurrencies are because:

  1. The user base for buying cryptocurrencies is large than that for real estate.
  2. Crypto assets can be sold quickly by getting listed on public exchanges.

Also, entering real estate trading is quite costly because of the presence of intermediaries in the ecosystem.

Reliability

You might know how online scams can affect real estate traders. Imposters can deceive buyers into buying a property that is not even available for sale using their attractive website. Buyers may not be educated enough to perform background checks of the middlemen in the real estate ecosystem. It leads to a lot of legal issues and a loss of money.

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Correctness

Forged documents play a crucial role in deceiving buyers and convincing them to purchase illegal property. Morphing applications can edit the entire image of a person. Such software can make it possible to edit the text in a physical document. These documents can be any bank-related statements or property papers.

Here’s how implementing blockchain in real estate can offer benefits:

Process of Searching Properties

Nowadays, brokers, owners, tenants, and buyers access and upload property listings via a third-party property listing platform.

Most of these platforms are subscription-based and request high fees from users. Also, the current process lacks standardized processes and has poor communication between the platforms. Besides, the data on third-party property platforms is fragmented across multiple listing sites, leading to data silos.

Blockchain can solve this issue by providing a single decentralized database to maintain the property listing. Since the data is distributed across a peer-to-peer network, brokers would have control over the data. All stakeholders of the platform can access the information without being able to manipulate it.

Property Management

Property management is complicated and involves multiple stakeholders, including property managers, vendors, landlords, and tenants. Many properties are either handled offline via paperwork or by software applications that cannot be integrated.

With a decentralized application that uses smart contracts, the process of property management, from managing cash flow to signing lease documents and submitting maintenance requests, can be performed in a secure yet transparent way. For instance, tenants and landlords could sign an agreement added to smart contracts that includes information like rental value, property, tenant details, and payment frequency.

Once the terms are agreed upon, lease payments are automatically initiated from the tenant to the landlord using smart contracts. Upon the lease period termination, the security amount is also sent back to the tenant’s account automatically. Implementing blockchain into property management can help to bring such a transformation.

Financial Evaluation and Due Diligence

Paper documents for identity proof still exist in the market nowadays. It requires a significant effort and time to perform financial verification and due diligence. Since it is a manual verification process, it also increases the chances of errors and usually involves third-party service providers. Such factors lead to additional costs and consume a lot of time in due diligence.

With digital identities on the blockchain, the whole process can be done online in a secure way. As a result, it improves efficiency, cuts down costs, reduces the risk of manual errors, and enhances data security.

For example, information like financial and legal status, vacancy, and performance metrics of a person can be associated with their digital identity, streamlining the process of property trading while adding layers of security.

All parties involved in property management would have their own digital identities. Everyone can use the property management application to send and sign property documents using smart contracts.

Land Registry

The process of a land registry currently involves middlemen who hold information that nobody else can access. The implementation of blockchain in the land registry could transform the process by allowing anyone to access and save information without the involvement of the third party.

Blockchain could also solve fraud issues by allowing everyone to access land title records while maintaining the immutability of land records. With the timestamped and immutable record of transactions, you have full control over your land title and forged documents become a thing of the past.

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Takeaway

Blockchain has the potential to bring transparency, enhance efficiency, and cut down costs for real estate investors by eliminating inefficiencies from key processes.

This article was curated through CryptoCurrencyNews’ Contributor Program. If you would like to write for us, send us your submission!

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Facebook’s GlobalCoin Could be Launching as Soon as Next Year

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GlobalCoin

GlobalCoin

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries.

Here’s everything we know.

Facebook’s GlobalCoin Hitting the Market Soon?

According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant, according to the BBC report, will launch the crypto-based payments system in roughly 12 countries by Q1 2020. And while that might seem far away, BBC also said Facebook plans to commence trials by the end of 2019. That and Mark Zuckerberg’s company has also already gone to the U.S. Treasury for advice.

More details about GlobalCoin are expected to be announced in the coming months. And while the world does need these additional details — the influence Facebook has on the world is huge, so the possibility of the company moving into crypto is extremely significant — Facebook seems to already be benefiting from the BBC report. Well, maybe not benefitting, but at least FB stock didn’t plunge after the report on GlobalCoin came out.

According to Yahoo Finance, as of 3:44 PM EDT, FB stock is trading at $181.19; this puts FB stock up 0.18%.

Takeaway

As mentioned, Facebook launching its own cryptocurrency is massive. Companies like Facebook and Amazon are constantly moving into different sectors of the market successfully, and the launch of GlobalCoin in a dozen countries would be yet another example of this. 

What do you think, though? Should Facebook launch GlobalCoin? If so, which countries should gain access to the cryptocurrency?

Let us know what you think in the comments below, and don’t forget to follow along with this story in the coming months! 

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