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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.