As Blockchain Identity Becomes Real, 2017 Will See An Explosion of Blockchain Profitability

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Blockchain identity is already in use in various sectors of data management and technological development. With its applications so far, can we say that the Blockchain has lived up to expectations? Some experts think it’s overhyped, others see that late 2016/2017 will be the year of explosion for real-world Blockchain profitability and usage. That is, as long as politics doesn’t get in the way. What is Blockchain identity? Blockchain identity is also defined by Christopher Bates of Bitland as the representation of a 100% verifiable identity which can be established through a series of security layers and protocols. It is a system which makes it possible for encryption to prevent anyone who doesn’t need to see information from accessing it. Bates explains that this can be applied when working with government oversight, where Blockchain identity could be used to protect Social Security accounts from being pilfered by governments who have overspent on their own budgets. Bates says: “One of the biggest issues is that tax money has no oversight once collected, and something like Blockchain identity could help prevent governments from spending taxpayer’s money which wasn’t theirs.” Unique opportunity for Bitcoin’s Blockchain Blockchain identity, according to Carl A. R. Weir CEO …

Will 2016’s $300 Million Blockchain Startup Bubble Burst?

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Startups powered by Bitcoin and Blockchain technology raised $290 million during the first six months of this year, resembling the dot-com bubble of the late 1990s. According to a report by Juniper Research, venture capital investment raised by companies employing either Blockchain technology, or Bitcoin directly, amounted to more than a quarter of a billion dollars. About a third of this was raised by three companies: Circle, a social payment provider, which raised $60 million; Distributed Asset Holdings, a distributed ledger solutions provider, which raised $50 million; and, of course, Blockstream, the sidechain developer, which raised $55 million. Lee Gibson Grant of the Drachmae Travel Club sees investments flowing into Blockchain startups as more and more people become aware of the technology’s capabilities. He says to CoinTelegraph: “The Blockchain space is typical of new technology coming onto the market. This early stage sees many startups and experiments, which will provide proof that the technology is applicable in specific, practical use cases. Once identified, there will be consolidation into leaders within those areas at first, and progressively more capital will flow into those entities. Over time the investments will be billions of dollars, and will create new businesses and many new employment …

Feature Interview: Paul Puey Puts “Buzz” into Bitcoin with Airbitz “2.0” and Fold

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Like a caffeine-infused jolt, Airbitz’s announcement late last year that it will be promoting bitcoin by offering discounts at Starbucks (20%) and Target (10%) has energized cryptocurrency enthusiasts worldwide. This initiative is part of a collaborative partnership with Fold, a digital card app that was seamlessly integrated onto the Airbitz bitcoin wallet. The hope is that incentivizing consumers to save money will encourage both current bitcoin users as well as those new to the digital currency to engage in its use for everyday purchases. This much-ballyhooed development by Airbitz, which officially launched its bitcoin wallet in October 2014, comes on the heels of $450,000 in seed funding that the company received from the blockchain venture capital firm Block26. BTCMANAGER had the opportunity to talk with Airbitz CEO Paul Puey about this partnership with Starbucks and Target and what it portends for the future of bitcoin consumer commerce. On Collaboration Puey first learned about Fold App in 2014 and determined it to be a powerful driver of engagement for those unfamiliar with bitcoin. But he felt that there were some challenges in terms of its fluidity and seamlessness for the user. So an initial meeting occurred with Fold in 2014. Later, …

Bitcoin Blockchain Based Spells of Genesis Approaches Launch, BitCrystals Price Rises

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As the full launch of EverdreamSoft’s Spells of Genesis (SoG) nears, the blockchain-based token powering the digital trading card game, BitCrystals (BCY), has seen a fairly significant rise in price. After a price peak in March, BCY saw a period of bearish activity up to late May, until the price received a bump. Going into July the BCY sat at 0.00010497 BTC ($0.07 USD), according to CoinGecko, and illustrated another climb in the game-based cryptocurrency. Tokenized Mobile Gaming Markéta Korteova, Marketing Director at EverdreamSoft, is sure that BCY’s price patterns are related to the four progress milestones laid out by SoG’s team. Each milestone was a designated marker point toward the game’s development, with the third milestone achieved in February. The first milestone was the launch of BitCrystals in late 2015 through a token sale in which 70 million BCY were made available for purchase. According to the BitCrystal’s GitHub page, 14.3 million BCY were distributed during the sale, raising 40 bitcoins, while the remaining 55.5 million BCY were slated to be destroyed or burned. The crowdsale was a big help to the development of Spells of Genesis, said Korteova. She explains to CoinTelegraph: “From the very beginning, EverdreamSoft’s goal …

Blockchain Start-Up “Colu” released Dashboard and Sandbox API

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Colu recently released two new updates to help new users create more innovative blockchainsolutions. The Colu Dashboard aims to be the central location for viewing and managing digitalassets. The Sandbox API aims to enable users to quickly test code and view results. Amos Meiri, co-founder of Colu, began exploring blockchain technology while still working atFinancial Services Giant E-Torro back in 2012. Amos began interacting with the blockchaincommunity early on, to help develop a new way to transfer assets over the blockchain. After putting in months of effort and over $100,000 of investment through E-Torro, Amos and his co-founders David & Mark turned their focus to enabling developers to transfer value over the blockchain. This focus led them to found Colu, which since it’s launch 5 months ago has already enabled over 20 use-cases. Amos Meiri, co-founder of Colu said: “As a team, we found that working with the blockchain was extremely difficult for those just starting out. Therefore, we felt starting a platform, which would make it easier for developers to issue assets on the blockchain was vital.” The use-cases enabled by Colu are wide-ranging, from decentralized voting platform in theHonduras Island “Voto-Social” to secure product warranties on the blockchain, …

P2P Bitcoin Lending Platform Review – BTCpop Review

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QUICK TAKE BTCpop offers the best default protection in the market – insurance up to 50% of the loan, a borrower’s collateral mechanism, and partnership with an international debt collection agency.   Acquisition of Ardeva allows the outsourcing (insourcing?) of account verification, which is thoroughly done, while protecting borrower privacy. Internal flotation of shares allows for collateralization of debt APRs are very high for borrowers, which discourages the most quality profiles from using the platform. Third higest loan volume in the market and growing. Try BTC-POP Today Summary BTCpop has hit the bitcoin lending ground running, introducing a number of novel concepts that will must likely become standard in the wider market.  Debt collateral, which had not made an appearance in the p2p bitcoin lending, is introduced utilizing a clever method of crowdfunding directly through the btcpop platform.  And despite some of their previous controversies, the acquistion of Ardeva, a company that has been solely focused on account verifications, lends more professional airs to the process, though it does also make it a bit more intensive.  We are also fond of the loan insurance concept, but its current form – in which this is a small premium added as a …