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Archives for October 2017

Startup Token Tour TOKYO recap

October 27, 2017 By Reed K Leave a Comment

 

On a recent trip to Tokyo, Japan I attended the Startup Token tour featuring some up and coming players in the Crypto and Blockchain space. I will not be covering each speaker at the event, just a few who caught my attention and seem to be gaining a lot of traction. These are Pesabase, Energimine, and Dether.

 

Pesabase

The first person I met at the event was Nhial Majok, CEO of Pesabase. Pesabase aims to bring low cost remittance, payments and banking for Africa. One of the first things that caught my attention was that they are teamed up with OmiseGo. If you have not heard of OmiseGo, please read this short article I wrote about it here. Given the fact that Vansa Chatikavanij, managing director of OmiseGo is on board is huge. Nhial is a former tech leader at IBM which gives him additional leverage as CEO. As far as Pesabase goes, it describes itself as a remittance, payment, and banking e-wallet solution that uses OmiseGO and Ethereum blockchain to provide financial simplification and inclusion in Africa. Some of the key benefits are that no bank account is needed, simple token based reserves across the platform, cheap customer payments for small to large businesses across Africa, instant settlement pickup and deposit cash at all agent locations, loyalty programs for consistent users.

Pesabase offers Three products: “Coinremit” remittance, which is a stable source of income for most Africans. “Bithela” Bitcoin exchange, which simply aims to be a major exchange for trading Cryptocurrencies in Africa. “Pesabase” the multi-currency ewallet. I liked the presentation about Pesabase and believe it has the ability to gain traction in African markets. Given that OmiseGO is aligned with their project is major.

 

 Energimine

Sitting next to me at the event was CEO of Energimine Omar Rahim. His company aims to decentralize global energy markets by rewarding energy efficient behavior. Energimine has a strong team and powerhouse advisors such as Lord Rupert Redesdale, who has an extensive history in the energy sector as spokesman for energy in the House of Lords. Eddy Travia, who I also spoke to at the event, a pioneer investor in blockchain startups and CEO of Coinsilium, a London based venture builder, Yacine Terai, founder of Startup Token.

Some facts about Energimine: It is a fully functional commercial entity based in Manchester, UK. Customers include one of the largest law firms in the world, one of Europe’s largest fuel retailers, and the UK’s biggest independent construction materials group. The company also actively manages $140m worth of energy on behalf of it’s large industrial commercial customers. They also use AI & Deep Learning which lead to more enhanced insights. This will be the key feature in Energimine’s launch.

Energimine is aligned with some powerful names and is already established in the UK. I see this as a very promising project in the energy sector.

 Dether

Lastly, Dether. Dether aims to solve a simple problem, trading Ethereum. Currently, most people are limited to Coinbase as an entrypoint. What I like about Dether is that it currently has a platform that has been built unlike a lot of projects in Crypto which are just Whitepapers and ideas. The company was founded by Abdelhamid Benyahi and Mehdi Amari who both have experience in the Blockchain space. They are also advised by Eddy Travia, Blockchain pioneer investor, Yacine Terai, founder of StartupToken and William Mougayar, Toronto based investor and author of “The Business Blockchain”.

The goal of Dether is “Ethereum mass adoption in the world”. Given the fact that Dether already exist and has a user base is huge. I agree with the co-founder regarding the purchase of Ethereum and some of the difficulties obtaining it for new and less tech savvy people in the space. It allows another avenue for people to purchase Crypto in a less centralized way. I think Dether will continue to grow and we should be seeing a larger user base in the years to come if it can continue it’s progress forward.

 

Filed Under: Uncategorized

Aventus – Ticketing on the Blockchain

October 17, 2017 By Reed K Leave a Comment

 

Aventus, a recently finished ICO (Initial Coin Offering) based in Wales which raised $20 Million, is aiming to improve the ticketing industry with an open source Blockchain based system. Aventus is not the only startup in the Blockchain space aiming to disrupt the current ticketing industry, there has been others such as Blocktix, Guts, Cloudchain, and Upgraded. There are also some upcoming ICO’s entering the space. Bernie Dillon, a sports & entertainment industry veteran has stated the following about Aventus:

“Anyone who has ever attended, hosted, or produced a live entertainment event, be it a UFC fight, boxing match, or concert has been affected by counterfeit tickets or extortionate secondary resale prices. Aventus brings a refreshing solution to these age-old problems that could very well end fraudulent activity and unregulated ticket touting once and for all.”

Why is Blockchain Ticketing Needed?

Ticketing on the Blockchain will allow anyone with an audience to sell tickets such as Social Media influencers adhering to specific rules. Proprietary Blockhain based protocol dramatically reduces black market ticketing activities. Controls unregulated touting by setting price caps on resale, reducing cost, and reducing customer confusion through Blockchain reference.

Additional Features & Alpha Release

Artificial Intelligence has been a constant mention in the Blockchain space and Aventus will be adopting AI tech into their platform. A Rest API (Representational State Transfer) will allow any ticketing company with a payment gateway to store or replicate tickets and all associated logic onto the Blockchain. IMS – IP Multimedia Subsystem – a platform for ticketing companies and promoters to enable centralized control, reporting, data, and distribution tools. Data & Analytics – Aventus is also working on a data platform which will analyze large amounts of data to provide campaign based insight and report for ticketing companies and promoters. As for October 2017, Aventus has a long road ahead. It will be interesting to see how it all unfolds and if they will be partnering with any bigger names in the space.

Filed Under: Uncategorized

What is the Omise GO Cryptocurrency?

October 3, 2017 By Reed K Leave a Comment

 

OmiseGo (OMG) is a Cryptocurrency founded in 2013 and built on the Ethereum platform and it’s based in Thailand, Japan, Singapore, and Indonesia. It’s CEO Jun Hasegawa is an entrepreneur from Japan with an expertise in e-commerce and mobile payments. The company had initially raised $50 Million through private investors and an Initial Coin offering in 2017. Astonishingly, they now have a valuation of nearly $1 Billion. The project was advised and backed by Ethereum creator Vitalik Buterin which gave the company a massive boost forward. OmiseGO is described as the answer to a fundamental coordination problem amongst payment processors, gateways and financial institutions.

McDonald’s Thailand Partnership

It was announced in September 2017 that OMG would be partnering with several McDonald’s in Thailand for the purpose of online orders. It was also announced that they will be integrating with McDelivery Thailand mobile app. According to Jun Hasegawa CEO of Omise:

“The consumer’s experience begins right when they place the order online, and payments are a critical component of that experience. Offering highly secure, seamless payment options across all platforms and devices is key to delivering a seamless experience for McDonald’s customers.” 

Strong Future for OmiseGo?

As a Cryptocurrency it is encouraging to see a real world use case such as McDonald’s online orders. Investors should expect to see OMG rise much further in the coming 6 months. They plan to expand into neighboring asian countries and this could mean OMG will be one of the most widely used Cryptocurrencies in the continent.

Filed Under: Uncategorized

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