Prominent KPMG Strategist Joins XinFin Hybrid Blockchain for Global Trade and Finance

S.V. Sukumar, formerly of KPMG, (head of strategy and operation consulting) is now with XinFin. Here’s the press release. Here’s the XinFin white paper. XinFin is an open source hybrid blockchain protocol. Its goal is to “help address the inefficiencies that exist in the global trade and finance markets today.”

What inefficiencies? Chiefly those that result from the inabilities of micro, small, and medium-sized enterprises (MSMEs) to avail themselves of the financing that is available to the top end of the range of enterprises. Its prime use business cases include wallets, financial applications for cross-border payments, remittance sale, and so forth.

The white paper also observes that “across southeast Asia and the Pacific region, more than 120 million MSMEs, including both formal and informal ones, are unserved or underserved in terms of credit facilities.”    

Sukumar is welcome aboard into a world where thinking big, on that scale, is taken for granted. The press release says that he’ll be responsible for “demystifying the underlying advantages to create concrete awareness.” That sounds like a bit of a concession that there is something mystifying about XinFin’s business plans in his absence. The best of luck to them, though, and to their new arrival.


Crowdholding Connects to Blockchain – Releases Automatic Cryptocurrency Transfers

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Bitcoin Press Release: Crowdholding announces major updates, including Blockchain synergies to facilitate automatic cryptocurrency transfers.

May 22nd 2018, Prague, Czech RepublicCrowdholding’s platform upgrades and now YUP token payments are on the Ethereum Blockchain. Users can now instantly withdraw tokens earned as a reward for co-creating with businesses. More than 25 blockchain startups, including established ones such as Deep Onion, Intelligent Trading Foundation, and Peculium, award tokens for bounties on Crowdholding.

Ethan Clime, CEO of Crowdholding commented;

“We are on the verge of connecting users and businesses through smart contracts in a trusted and transparent environment, allowing tokens to seamlessly move from our clients to users through the Ethereum blockchain network.”

What is the YUP token?

The YUP token is built on the Ethereum platform and is used to access the Crowdholding ecosystem. Soon users will be able to use YUP to invest, purchase products and services. Businesses invest YUP and other ERC20 tokens to manage ideas and bounty campaigns as well as co-create with the community. As the interests of everyone are aligned, the larger the ecosystem, the more liquid and valuable YUP becomes. In the next few months we aim to grow...


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Redefining Ecommerce security and efficiency through the Elysian blockchain

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Elysian, a blockchain based startup, is all set to create a relationship of trust between the businesses and consumers in e-commerce like never before by addressing the most common shortcomings of this thriving industry. This decentralized ecosystem will drastically transform the standard e-commerce business model by ensuring faster delivery, secure customer data storage, and identity theft protection.

Elysian is making quick inroads towards their pursuit to deliver a decentralized e-commerce platform with innovative security and revolutionary user experience. A blockchain based ecosystem, Elysian will be the first e-commerce platform to integrate blockchain for the secure storage of all customer data and utilize the technological advances such as Artificial Intelligence and Virtual Reality to deliver an unprecedented user experience.

Business to consumer (B2C) e-commerce is a massive global market, expected to generate global sales exceeding $4 trillion by 2021. However, the lack of trustworthy cybersecurity, primarily in the form of identity theft, remains to be a serious concern for the industry. Moreover, the cryptocurrency enthusiasts all over the world are still waiting for an e-commerce platform that will accept cryptocurrency in exchange for all their products and services. From an overall perspective, till now, the industry still has much room for improvement in terms of user experience, specifically by integrating new types of technologies.

Elysian makes e-commerce trustworthy by creating an improved level of data storage security by using the Proof-of-Authority algorithm. This will ensure the creation of an ecosystem with a private blockchain to store encrypted credit card information and other user data securely over a distributed network. With the application of Artificial Intelligence and Virtual Reality, it will allow shoppers the freedom to shop at home in an intimate environment and...


Blockchain in the world of cloud storage

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Blockchain in cloud storage

Use cases for blockchain for Cloud Storage

I remember back in the day when cloud gaming would be the future. That may have never taken off, but its predecessor cloud storage stuck around. Today we will take a look at cloud storage, and how blockchain is making its way into it.

How can blockchain be used in cloud storage?

Cloud storage is centralized, meaning that all of the data is stored somewhere by a third party that is accessible to everyone with the correct credentials. The problem with this is that data breaches and service interruption happen quite often, whether is it the host or the users' fault.

Blockchain wants to put an end to this. They still want you to use the cloud, but want to make it save to data breaches. This can be achieved because Blockchain is decentralized, it’s data is saved...