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SKYFchain Review
Blockchain technology is set to change the way we do things. It started with the financial industry; you know Bitcoin, Ethereum, and other Blockchain based platforms that are changing the way we store our money, move funds, and make transactions. Moving on to the latest victim of the Blockchain disruption, the Cargo Robot sector. SKYFchain is the first global Blockchain-based B2R (Business-to-Robot) platform that applies to all cargo robotic sectors.
SKYFchain is owned by SKYF, the first ever-heavy industrial freight drone that can take off and land vertically. The SKYF heavy cargo drone has many use cases, but the most common ones are emergency relief distribution, logistics, and agriculture. SKYFchain seeks to create a platform where all the data relating to drone operation can be stored, verified, and shared. The platform, launched with ICO, will be used to finance the cargo robot industry.
SKYFchain Goals
The SKYFchain Blockchain has a number of objectives, but most importantly, the platform will be targeting the integration of all critical information for all players in the market. This platform will have distributed records shared on the platform and will be the source of verified data relating to drone operations. Some the drone data that will be available on the SKYFchain platform include drone routes, mission plans, operation license info, pilot data, maintenance history, and drone specs.
The ledger will also be used to verify details such as the route and the permissions to operate the drone before it takes off to ensure safety compliance. Therefore, the SKYFchain platform will also be used to make the drone cargo industry safer, that qualifies as one of the company’s objectives too. When it comes to SKYF drones, SKYFchain reserves the rights for operations and support, verification, and mission planning.
SKYFchain Components
The SKYFchain platform uses the SKYFT token, the platform’s inbuilt Cryptocurrency, for all transactions within the network. The amount of SKYFT tokens is fixed, and all token holders are entitled to 70 percent of the earnings made on the platform. SKYFchain uses a smart contracts system to provide comprehensive information and substantive control over the assets to users i.e. people and institutions.
One of SKYFchain’s most important component is Blockchain. The Blockchain provides an inbuilt smart contract system that provides necessary data and gives the users a reasonable level of control of their investment. The platform wants to create a new airborne cargo drone industry and after that, introduce seaborne and ground-borne cargo robots into the platform. If successful, the SKYFchain platform will eliminate man as the intermediary in drone cargo industry.
Conclusion
SKYFchain looks promising. It will revolutionize the airborne drone cargo industry and open it up for everyone. There are a lot of reasons for investing in this blockchain. For starters, it’s unique. One of a kind. The SKYF drone is already making it big in the industry, and it can only get bigger.
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According to emerging news, on 14th March 2017, the U.S. House of Representatives Committee of Finance Subcommittee on Capital Markets, Securities and investments initiated a process of formulating regulations for the Cryptocurrencies and ICO Markets. Official reports confirm that this is the first among a series of hearings that the U.S. is holding to deliberate on policy formulation to regulate, reorient and realign the market that is taking the world by storm from October 2017.
This meeting was a culmination of the summit held in early March 2018. James Sullivan, the Deputy President Department of Commerce and International Trade Administration portfolio was the presenter at the summit. He had called for concerted efforts from all quotas in policy formulation to regulate and streamline the already robust ICO Markets and the cryptocurrencies growing popularity. The sitting aims to formulate a set of laws and regulations dubbed “The ICO White Paper.” The white paper will address the following issues affecting the cryptocurrencies and the ICO Markets:
• Current regulatory frameworks that regulate these ventures
• Economic efficiencies of ICO Markets as a source of capital for startups
• Approaches to protecting investors’ interests in ICO ventures.
Submissions To The Session
The sitting received testimonial submissions from various experts on economic and financial matters. These professionals are advising the session on factors to consider in managing the cryptocurrency and ICOs markets.
Chris Brummer testimonial. He is a professor of securities law and international trade regulation at Georgetown University Law Centre. The professor of the law pointed out fraud and misrepresentation as the main shortcoming bedeviling the ICO markets. The solution to this problem is disclosure. The professor presented a list of resolutions to curb non-disclosure and align the ICO and Cryptocurrency markets into law-abiding and financially secure investment ventures. According to him, these disclosures have to focus on:
•Promoter’s Location and Contact Information
• Industry Risk Factors
• Problem and Proposed
• Description of Token Technology Solution
• Problem and Proposed Description of Token
• Qualifications of Technical Team
• Promoter’s Location and Contact Information
The professor, further recommends that it should be mandatory for firms offering ICOs to file all the disclosure with the SEC
Mike Lempress testimonial. He is the Chief Legal and Risk officer at Coinbase Inc. His testimonial acknowledged the importance of the cryptocurrencies and ICOs market on the U.S. economy and the world at large. Mike testified that the Federal government has institutions in place that could streamline the errant markets. The testimonial pointed out disharmony among the federal regulatory institutions as the primary challenge following the exercise. According to the affidavit, the U.S. was advised to support this artistic innovation as a new investment tool in the capital markets. Summarily, this testimonial called for the SEC, CFTC, IRS, and FinCEN regulatory bodies to harmonize their approach towards ICOs markets and provide clear regulations.
Peter Van Valkenburg, a director at Coin base, presented a testimonial from a public policy and research on blockchains perspective. This testimonial called for a change of attitude on the policymakers’ part of emerging technologies. According to the findings of his work, the issue at hand has everything to do with the federal regulators applying old laws and assumptions on entirely new technology. The testimonial encouraged the regulators to remodify the understanding of ICO markets and Blockchains to eliminate the confusion in the markets.
Introduction
RedBux is an online currency that is believed to be one of the major contributors in the world of adult entertainment. It has enabled some of the world largest firms such as IWantEmpire and Wicked Pictures to introduce this new platform into their system, coming up with over six thousand various types of points of payments.
More About RedBux ICO
The public token pre-sale of the RedBux ICO began on the 22nd day of March 2018.
Individuals will be able to take part in this pre-sale period are only the users who are whitelisted.
They will be awarded a bonus of 35% of their amount for signing up in advance. The RedBux token has been created on the ERC20 utility token and would be applied for the purposes of guaranteeing all kinds of payments in the ecosystem.
The token is known as RedBux and is believed to possess more than six thousand points of payment for a number of adult-rated websites. The tokens will be able to make payments much faster and provide an avenue of working out any kinds of technical hitches on the spot.
The Team at RedBux
There is a team that consists of a dozen members working tirelessly to ensure that RedBux provides the services it is designed to offer, and in the best manner possible.
This team is headed by Tobias Platte, who is also the current Chief Executive Officer of the company. In addition to the dozen-member team, there are also a number of advisors that work under the leadership of Mr. Platte. One of the largest industry sectors in the entire globe is porn, and the introduction of RedBux is a step towards advancing operations in this space.
With the Virtual Reality technology receiving positive adoption around the globe, there is a promising future for this new service provider.
This is how RedBux Operates
The main idea behind the creation of RedBux platform is to introduce an engine booster that will enhance the development of the most responsive and advanced Virtual Reality that has ever been witnessed in the world of porn.
This is the latest technology that integrates the use of Virtual Reality in collaboration with AI {Artificial Intelligence} Avatars. Their main intention is to come up with the most interactive experience in the world of porn.
It will be comprised of some of the most renowned names in the world of porn, and it will run on the RedBux token.
In summary
RedBux is the perfect bet for anyone who is in search of an investment that is fully guaranteed. It is one of the best investments that are on the market as of now. It has been anchored on the idea of connecting users to their best porn actors and actress in a virtual reality experience.
The experience, according to those who have used the services, is not only attractive but also very lifelike. RedBux has a very promising future, and in the next couple of years, it could become the few mega billion-dollar companies dealing in the world of porn.
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Sources privy to Huawei Technologies have disclosed that there are ongoing talks with Sirin Lab (SRN) to develop a Blockchain enabled smartphone. The representatives of the two firms have also confirmed the meeting but failed to disclose further details.
Based in Shenzhen, China, the Tech giant is the world’s third-largest handset manufacturer. The smartphone will have a market niche and is expected to go a long way in spreading the adaption of the Blockchain Technology.
About Sirin Lab
The sources, who sought anonymity, confirmed that Huawei is trying to develop Blockchain enabled smartphones by licensing and using Sirin Lab’s operating system Sirin OS. Sirin Lab is specialized in creating open source solutions that connect blockchains with the markets directly.
The Sirin OS is highly specialized to host complex Blockchain application applications such as secure exchange access, crypto wallet, peer-to-peer resource sharing for applications and payments and, encrypted communications. Most interestingly, the OS supports a cold storage crypto wallet feature. This feature allows the smartphone users to be active in multiple blockchains as they can convert fiat money from one Cryptocurrency to another for use in the Blockchains. Additionally, the Sirin OS can support advanced security features that identify smartphone users based on their behavioral cues and personal biometrics.
The generic OS has already been tested and applied in the Finney Devices – the Cyber Secure Blockchain enabled SRN phones. The Finney devices are priced at $1000 on, and there are 25000 pre-orders as per the firm’s spokesperson, Nimrod May.
The Blockchain Enabled Huawei Smartphone
If the plans are successful, the Huawei smartphone will be the first Blockchain enabled smartphone in the world and the second Blockchain-enabled phone to be developed. The phone will operate on the Sirin OS alongside Android OS. Phone users will, therefore, be able to download or acquire blockchain applications and run them just like any other conventional Android application.
With the Cryptocurrency market currently worth $350 billion and limited mass participation, it is expected that the Blockchains will be available to the masses just like search engines and social media sites. Most of the Blockchain transactions are limited to computers with advanced processing power.
This super smartphone is expected to be ultra-powerful in enabling Blockchain transactions as Huawei Technologies has advanced cloud computing and cloud security technologies, which will complement the Sirin OS specs.
Summarily, in regards to Blockchains, the smartphone users will be able to trade in ICO Markets, and trade Cryptocurrencies on peer-to-peer networks. The smartphone will also be able to support multiple Blockchain applications simultaneously without affecting the performance of the Android-powered applications.
The Timeline for Talks
According to Sirin Labs’ Telegram hat group, it is evident that Sirin Labs and Huawei Technologies have been holding discussions for about two months. Despite the fact that the sources have indicated the talks were preliminary, it is correct to speculate that some deals are in the pipeline or closed already. However, time will tell.
What to Expect
With the information of the meetings out in the public domain, we expect other smartphone developers and manufacturers such as Samsung, Apple, Wiko, and Blackberry to follow suit and develop Mobile operating systems that support Blockchain applications. On the other hand, we expect Huawei and Sirin Lab to close the deal, as it is quite apparent that the talks have been going on for some time and the discussions are in advanced stages.
Virtual Reality came out a few years ago. Back then, most people didn’t take it seriously, many actually never thought of it as more than just a cool toy for children to play with. But VR technology has morphed into something else, and it’s now making inroads in the Blockchain. It’s a whole new level of content creation, and the demand for 360˚ Virtual Reality content has skyrocketed. ImmVRse wants to fill the gap left by the massive lack of high-quality VR content in the advertising, gaming, viewing markets.
ImmVRse is a Blockchain-driven VR platform where advertisers, viewers, and content creators can share, trade, and distribute VR content using the IMV token. There are several blockchain-based VR platforms at the moment, but none of them can measure up to what ImmVRse is promising to deliver for Virtual Reality Content creators. All the available platforms provide content in 2D/180, and that doesn’t do much to stimulate or encourage growth in the industry. ImmVRse wants to create a whole new ecosystem for VR consumers as well as content creators.
ImmVRse Goal
ImmVRse seeks to solve some of the biggest problems associated with VR industry at the moment. For instance, there’s general lack of high-quality content in the Virtual Reality World. Tech companies such as Samsung, HTC, Sony, etc. have gone ahead to create some quality VR devices but these gadgets remain underutilized since there is not enough quality content to match their capabilities. In fact, most of these devices are only restricted to a few gaming platforms.
ImmVRse intends to solve this problem by creating a platform for Virtual Reality content creators to market and trade their handiwork. All transactions will be made via the IMV token, and content creators can collaborate to create good quality content. The platform is decentralized, meaning that brands, advertisers, and creators will all be allowed to share VR content. ImmVRse is the marketplace for the trading of VR content and is also the distribution platform for content creators. There are no geographical or regulatory limitations in the ImmVRse platform, which makes cross-border transactions easier and a lot cheaper.
ImmVRse Features
ImmVRse is a distributed, decentralized VR platform that allows advertisers, brands, and content creators in different parts of the globe to come together and create the best quality VR content. It’s the first of its kind, at the moment; no other VR platform offers these features. This platform is scalable and as such, allows other types of media production such as 3D animation. However, the platform’s primary focus is Virtual Reality/ Augmented Reality /Mixed reality. ImmVRse users will use the blockchain inbuilt Cryptocurrency known as IVR to facilitate transactions.
Conclusion
Two of the most disruptive technologies of the 21st century are Blockchains and Virtual Reality. ImmVRse combines these two technologies to facilitate the creation and distribution high-quality VR media productions and at the same time, creates direct employment of a large number of content creators. ImmVRse platform users really get to enjoy the best of both worlds.
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In the 13th G20 Summit held in Buenos Aires, Argentina, the G20 has called for further actions to regulate the Cryptocurrencies by July 2018. The world’s most influential Economics and, Financial Institution was expected by some quarters to draft an array of regulations, but they have instead passed over the task to the relevant global institutions.
The G20 has concluded that Cryptocurrencies are assets rather than currencies and they seek to have a concise framework to regulate this new technology in financial markets. But the group is cautious of the process and has asked for a risk assessment into drafting the set of regulations. The International Monetary Fund (IMF) and the Financial Stability Board (FSB)-institutions that assess financial systems worldwide- will present the risks posed by this process of drafting regulatory polices by April 2018.
Pundits explain such a move as an outcome of FSB Chairman’s Mark Corney, who advised the G20 not to impose regulations on Cryptocurrency just yet as they account for less than 1% of the Global GDP. Mr. Mark further explained in his letter to the G20 on the eve of the summit that even if all the Cryptocurrencies prices surged to their maximum potential, they would not, most probably, exceed 1% of Global GDP. This emerging development does not warrant, immediate action, he advised.
The G20 summit asked the Framework Working Group (FWG) to develop various approaches for consideration. The global leaders pointed out that the body should focus on taxes, competition, data and public expenditure aspects of the Cryptocurrencies. The findings would then inform their next agenda for the year in regards to Crypto-Assets. The FWG have to ensure that their results are specific to different countries economic environments.
In addressing the issue that ICO Markets abet money laundering, the IMF is expected to give a detailed report of capital flows across borders. This request shows that the G20 is demonstrating a particular concern to the allegations from many quarters that ICO Markets are used for money laundering activities and tax evasion. The IMF findings and recommendation will form the basis of G20’s policy formulation agenda in their October 2018 summit. The IMF has a deadline of July 2018 to present the findings and recommendations.
The G20 summit also called on the Organization for Economic Cooperation and Development (OECD) to present a code of liberalization on capital movements. In collaboration with the IMF, the OECD is expected to show how transparent the capital transfers have been in the wake of ICOs.
Finally, the Sustainable Finance Study Group (SFSG) is expected to give a full report on the options available for all G20 members in regards to Capital Ventures in regards to crypto-assets. It is clear that the G20 is alive to the shortcomings in ICO Markets ventures and seeks to protect private investments, develop capital formations and ensure sustainability of ICO Market ventures.
What To Expect
We expect the regulations development process to start from July 2018 presentation of findings by various bodies. The policy framework for ICO Markets and Cryptocurrencies are likely to be in place latest by next year. This gradual and systematic policy formulation process is attributed to the FSB letter to the G2O which pointed out that Crypto-Assets and ICO Markets do not pause any immediate threat to the Global Economy.
Gamblica is a Blockchain-driven platform that focusses gambling. It’s a gaming platform that supports online gambling internationally. Gamblica gives people from all over the world an opportunity to gamble, irrespective of where they are from or how much they earn. Gamblica introduces a unique ecosystem with the aim of revolutionizing online gambling by making it scalable, transparent, and safe than we’ve ever imagined.
Gamblica creators have promised fair pay-outs, distribution of funds, betting slips odd calculation, card distribution, and random number generation. There are many reasons for investing in Gamblica by purchasing GMBC tokens. For starters, the online gambling market is ever-growing, no signs of slowing down in the near future. All payments within the platform are made with GMBC tokens only, which allows the token to grow faster.
Gamblica’s Main Aim
Built by a group of gambling enthusiasts, Gamblica’s main aim is to introduce convenience, safety, and increase transparency in the world of online gambling while eliminating fraud as well as location and income barriers. Gamblica wants to make it possible for all age appropriate and willing gambling enthusiasts to be able to do so conveniently and in a more pleasant environment.
Gamblica intends to eliminate gambling fraud, which has become a global problem, by providing an opportunity for each player to check and confirm casino algorithm. This project, unlike others in the same field, is under the leadership of seasoned gamblers. All they want it to improve the online gambling scene by getting rid of all the negative aspects associated with it.
Gamblica’s Components
Gamblica is based on a decentralized smart contract system that integrates innovative IT solutions. When gaming on the platform, the casino cannot block your withdrawals or user account. The system allows low transaction costs and fast transactions irrespective of where you are in the globe. When it comes to making transactions, you will only be limited by the Ethereum transaction throughput, no other limits.
Any player can use the blockchain record and casino’s public key to validate RNG. Another essential feature of the platform is its scalable universal system that allows cross-regional modification of the program. All these features are meant to increase fairness and transparency in online gambling. The Gamblica Blockchain supports a wide range of online gambling and gaming activities including online poker, sports betting, and casino games.
Conclusion
The online gambling world is facing a lot of problems. From poor personal data protection to problems with deposits and withdrawals, scalability, and high transaction costs, there’s no shortage of flaws in the online gambling scene. Gamblica wants to remove all these inadequacies and make online gambling safer and more enjoyable for everyone.
Is it a good idea to invest in Gamblica? Well, the company is led by a group of managers with a lot of experience in online gambling. This has resulted in a lot of investor confidence. It’s had to say for sure, but Gamblica seems to be headed in the right direction.
Reports have emerged that the G20 Summit is expected to deliberate on the Cryptocurrencies’ and ICO Markets’ activities in-depth. The Finance Ministers and Central Bank heads from the world’s top 20 wealthiest nations will be paying attention to the emerging use of Cryptocurrencies as security. The G20 communique draft read in part “cryptocurrencies lack the traits of sovereign currencies.” The communique suggests that the finance ministers and central bank chiefs from the most advanced countries in the world are already in consensus that the currencies are assets.
The summit being convened in Buenos Aires, Argentina is held in the wake of increased tax evasion by corporates and individuals who convert their wealth to Cryptocurrencies to evade taxation. The ICO Markets have seen increasing participation since the September 2017 debut. Hundreds of startup Blockchain technology firms have made tens of thousands of tax-free dollars ever since. In particular, Filecoin raised a total of close to $300,000 in its ICO venture.
However, the agenda of the summit-recognizing Cryptocurrency as assets-departs from the various regulators’ mission of regulating ICO Markets and Cryptocurrencies for economic growth, investment protection and capital formation for startup firms. While some countries like China have banned Cryptocurrencies, India shows non-commitment in addressing the issue, the SEC of US, AMF of France and FCA of the UK have initiated a policy to make up the process of developing ICO markets and Cryptocurrencies in their respective economies.
Hosted by President Mauricio Macri. The G20 summit will be attended by leaders of about forty-five countries and regional organizations. The attendees will represent the US, Canada, Russia, China, India, Japan, France, UK, Germany, South Africa, Brazil, Indonesia, Turkey and South Korea. Additionally, the European Union (EU), African Union (AU) and the Association of Southeast Asian Nations (ASEAN) will be represented by their respective presidents. The G20 members are a powerful Economics and Financial coordination force in the world as they collectively generate 85% of the world’s GDP and represent over 70% of the world’s population. Formed in 1999, the G20 has been, over the years, adopting decisions to regulate emerging global issues from a global standpoint.
What To Expect
As per the draft communique, it is expected that the G20 will deduce that Cryptocurrencies are assets. With such a proclamation, they will advise Economic and Financial leaders to introduce regulations that are customized for the specific markets. The summit will, further, propose approaches to imposing capital gains taxes on ICO markets to raise public revenues. In so doing, the ICO markets and Cryptocurrencies will be accepted as an emerging business idea.
Not only will such an endorsement prompt China to lift the Cryptocurrency ban, but we are likely to see a future lift on the Cryptocurrency advertisement bans by Google and Facebook. Most importantly, the world will get clarity of Cryptocurrencies and the way they can be exploited for the economic benefit both in the macroeconomics and microeconomic spheres.
Finally, we are likely to see a timely conclusion on the part of the US House of Representatives Committee of Finance Subcommittee on Capital Markets, Securities and investment process of enacting laws to regulate this new industry. The prices of Cryptocurrencies are likely to surge to unprecedented levels following this “endorsement.”