Directors debate PRRD borrowing bylaw

first_imgPhoto: Director of Area ‘C’ Arthur Hadland discusses his recommendation on Thursday afternoon – Christine Rumleskie/Energeticcity.caOne director wants the Peace River Regional District to curb its reliance on borrowing money. Area ‘C’ Director Arthur Hadland made the recommendation at Thursday’s PRRD meeting. – Advertisement -[asset|aid=2390|format=mp3player|formatter=asset_bonus|title=53f85a8aaa46149edc07f16380267582-Hadland – borrowing 1_1_Pub.mp3] The Regional District borrows money for infrastructure within the Peace Region. District Administration says without borrowing, projects like the Buick Creek Arena would cease. And they say, without the ability to borrow,  residents would need to be taxed for at least ten years, in order to accumulate enough money to fund any large-scale project. Administration warned that wouldn’t bode well with the average taxpayer. Director Mike Bernier also objected to the idea. Bernier is the Mayor of Dawson Creek, which just went through a heated borrowing bylaw referendum. The City proposed to borrow more than $9 million for capital infrastructure projects, but a majority vote nixed that plan.Advertisement Directors defeated the recommendation of the PRRD weaning itself from borrowing within five years. But, Hadland says he will be bringing an amended recommendation to the next Regional District meeting.Photo: Director Mike Bernier (far right) defends his position on borrowing at Thursday’s Regional District meeting in Dawson Creek – Christine Rumleskie/ Bernier says it’s one thing to attempt to live debt-free, but the Regional District needs to able to borrow, in case an unexpected expense arises. [asset|aid=2391|format=mp3player|formatter=asset_bonus|title=53f85a8aaa46149edc07f16380267582-Bernier – Borrowing 2_1_Pub.mp3] Director Fred Jarvis echoed Bernier’s thoughts, and explained it’s different for regional districts and municipalities to be debt free, as the former is more heavily mandated by Provincial regulations. He agrees, should a ‘spur-of-the-moment’ mandate arise, the taxpayer shouldn’t be left to pick up the pieces. Advertisementlast_img read more

Salah’s four-goal blitz fires Liverpool, Palace improve survival hopes

first_imgSalah has scored 36 goals for Liverpool in all competitions since joining from Roma last year — the most by any player in a debut season with the Reds.Spain striker Fernando Torres netted 33 times for Liverpool in 2007-08.Salah took just four minutes to shred the Watford defence as his clever turn left Miguel Britos sprawled on the turf and opened space to drill past Orestis Karnezis.The 25-year-old’s struggles with Chelsea four years ago are a distant memory and Salah etched his name in the Liverpool history books in the 43rd minute with a close-range finish from Andrew Robertson’s cross.Salah turned provider for Roberto Firmino’s goal in the 49th minute with a pin-point cross that the Brazilian guided into the net with an audacious mid-air back-flick.Salah wasn’t finished yet as he twisted past a group of bewildered defenders to complete his treble in the 77th minute.He is the first Egyptian player to score a Premier League hat-trick and capping a memorable evening, Salah was on hand to slam in his fourth in the 85th minute after Karnezis spilled Danny Ings’ shot.Liverpool move two points above Tottenham into third place as they aim to qualify for next season’s Champions League via a top four finish.“I have to thank everyone but mainly my team-mates, without them I couldn’t reach this number,” Salah said.“Each game we try to win the three points, but every game I want to score and help the team.”After four successive defeats, Palace climbed out of the relegation zone.Palace took the lead in the 23rd minute at the John Smith’s Stadium when James Tomkins struck from close range.Roy Hodgson’s team wrapped up the points in the 68th minute when Luka Milivojevic stroked home a penalty after Andros Townsend was fouled by Mathias Jorgensen.Palace’s first win in eight league games leaves them two points above the bottom three.Huddersfield are three points clear of Southampton, who drop into the relegation zone.“It is vitally important. We have had a difficult run of games and not got any points,” Hodgson said.While Palace remain hopeful of retaining their lucrative top-flight berth, bottom-of-the-table West Bromwich Albion seem destined for relegation after an agonising 2-1 defeat at Bournemouth.– ‘Hurtful blow’ –Albion went in front in the 49th minute at Dean Court when Salomon Rondon’s header was met by Jay Rodriguez with a fierce finish for his first goal since January.But Jordon Ibe levelled for Bournemouth in the 77th minute and Junior Stanislas gave the Cherries their first win in five league games with an 89th-minute free-kick.West Brom’s seventh successive defeat equals their longest losing streak in the Premier League.They have won just one of their 17 league matches under Alan Pardew and lie nine points from safety with only seven matches left.“This was an opportunity to just get a win and get our confidence up, instead we have had a really hurtful blow,” Pardew said.Cenk Tosun’s double pushed Stoke deeper into the relegation mire as Everton won 2-1 at the bet365 Stadium.A first-half red card issued to Charlie Adam proved extremely costly for Stoke © AFP / Roland HarrisonIn a snow blizzard in the Potteries, Stoke midfielder Charlie Adam lost his cool in the 30th minute when his reckless lunge on Wayne Rooney earned a straight red card from referee Martin Atkinson.Everton had lost their last five away league games, but Tosun’s 69th-minute strike put them in front.Second-bottom Stoke, three points from safety after one win in their last 12 league games, looked like snatching a point in the 77th minute when Eric Maxim Choupo-Moting equalised.But Tosun had the final word with an agile diving header in the 84th minute.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Four-midable!: Mohamed Salah scored four times as Liverpool defeated Watford 5-0 © AFP / Lindsey PARNABYLondon, United Kingdom, Mar 17 – Mohamed Salah’s stunning debut season with Liverpool hit a new high as the Egypt winger’s four-goal spree set a club record in a 5-0 demolition of Watford, while Crystal Palace boosted their bid for Premier League survival with a 2-0 victory at Huddersfield on Saturday.After a 2-1 defeat at arch rivals Manchester United in their last game, Salah’s latest masterclass helped Liverpool get back on track with a fourth win in their last five league games.last_img read more


first_imgFinn Harps experienced the joy of six when they beat second placed Longford Town last night.Kevin McHugh was once the man of the moment with the vital goal which helped Harps stretch their unbeaten run to six games.The Donegal side can be very thankful to goalkeeper Ciaran Gallagher who pulled off a string of fine saves in the early stage of the game as Longford piled on the pressure.   HARPS EXPERIENCE THE JOY OF SIX! was last modified: August 12th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more


first_imgThe scene of this morning’s crash – donegaldaily.comGARDAÍ are investigating the cause of a crash during terrible weather conditions earlier today.Officers attended the scene of the incident before 9am on the Ramelton Road, Letterkenny.The crash happened close to Woodlands National School. The road was later re-opened and traffic is flowing once again; there were no serious injuries as a result of the collision. ROAD RE-OPENS AFTER TRAFFIC COLLISION was last modified: January 25th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more


first_imgIn recognition of the great exploits of the Donegal GAA County Minor and Senior teams the executive committee of the Donegal Junior League have decided to postpone the start of the new League Season by one week.While the Brian Mc Cormick Cup competition will commence as scheduled on Sunday 17th August and continue in the four Areas on Wednesday 20th and Sunday 24th the League programme will not start on Saturday / Sunday, 30th /31st as previously intended.With the County teams involved in both the Minor and Senior All-Ireland semi-finals on Sunday 31st August the committee consulted with players and clubs alike on the matter. And after gaining their views, the widespread feeling was that most people would like to be in a position to support Jim Mc Guinness and Declan Bonner’s teams on what will be a great sporting occasion for the county.As they did for the 2012 All-Ireland Final the Donegal Junior League decided to facilitate anyone wanting to travel to the games or watch them on television. Postponing the start of the League Season was what the executive felt was the most sporting gesture available.“On behalf of the players, managers, coaches, clubs and committee of the Donegal Junior League we wish the two County teams all the best as they strive to reach the All-Ireland Finals,” said a spokesman.  DONEGAL LEAGUE POSTPONES START OF LEAGUE IN RECOGNITION OF DONEGAL GAA TEAMS was last modified: August 12th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:all-irelandDonegal GAADonegal Leaguelast_img read more


first_imgThe national Live Register has fallen for the 34th consecutive month and that in Donegal.Donegal’s unemployment figures are continuing to fall.The numbers of people signing on has dropped by 18.98% since the launch of the Government’s Action Plan for Jobs in 2012.Deputy Dinny McGinley says the figures are a move in the right direction. And he says the recovery is as a direct result of the sacrifice of the Irish public.“Yet again the CSO figures bring positive news for Donegal where we can see that the Live Register has fallen by 18.98% since the launch of the Government’s Action Plan for Jobs in February 2012. The task is not yet completed and, as we heard in the Government’s Spring Economic Statement, the plan is to ensure that all 300,000 jobs lost during the crisis are restored by 2018. To do this we are going to add 40,000 new jobs to the economy this year alone.“Thanks to the sacrifices of the Irish people and the sensible sustainable policies pursued by this Government, the economic recovery is continuing and we must make sure that everyone in Donegal will feel the benefit. However the recovery is still fragile and we can take nothing for granted. We cannot risk slipping backwards into economic risk through political instability.“Under this Government we have a proven plan for the remainder of this decade to secure and strengthen the recovery. We are never going back to the days of boom and bust.” DONEGAL LIVE REGISTER DROPS BY ALMOST 19% was last modified: May 1st, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

December Geocacher of the Month Nominees – Add Your Comment

first_imgThe earned, never for sale, Geocacher of the Month geocoin (sun flare optional)You’ll help decide the final Geocacher of the Month for 2013. It’s no small task after you read about these topnotch nominees from North America and Europe. Each is an outstanding geocache maker, with favorite points coming out of their ears they place such well received geocaches.Each nominee is being honored for their contributions to the geocaching community. Each will receive worldwide recognition and a prize package from Geocaching HQ in Seattle, but which will be named Geocacher of the Month?This is your opportunity to  help decide who will take home the earned, never for sale, Geocacher of the Month Geocoin (at left). Each featured Geocacher of the Month will receive the exclusive special edition Geocoin, a hat and a profile icon. They’ll also receive a certificate acknowledging their contributions, signed by two of the founders of November, Janizy, was named Geocacher of the Month. Janizy wrote a thank you. She says, “Woohoo!! : DNo words can express our gratitude to the community of geocachers, friends and family that overflowed leaving supportive comments for me. It’s my name that’s here, but it’s actually the of whole of Puerto Rico celebrating this honor.I want to congratulate [fellow Geocacher of the Month nominees] BIGBROTHERBEAR & NorthWes!! I want you to know that I admire you and would love to meet you someday and go geocaching together.Janizy – November 2013 Geocacher of the MonthI also want to extend a special thanks to Milton_fmh, who nominated me as the Geocacher of the Month. You know you’re part of my family. Thanks for being such a great geocacher and friend. THANKS!”Now it’s your turn to help us select the next Geocacher of the Month. Write a supportive comment at the bottom of this blog for the nominated geocacher that you feel should be awarded the title. A panel of folks from Geocaching HQ will then use your comments to help guide the decision of which geocacher is awarded the Geocacher of the Month honor.Here are your nominees for the December Geocacher of the Month. Some testimonials have been edited for length. blazingpathwaysblazingpathways nominee for Geocacher of the MonthThomas Noble writes, ” Not only is blazingpathways currently the most prolific geocache hider in Alaska, Victoria is one of the top 10 finders of caches in Alaska. Her repertoire of cache hides include events, multis, earth caches, traditionals, and puzzles.  She has participated in all sorts of events and CITOs during her geocaching career.Along with creating and finding caches blazingpathways believes in giving back to the caching community. Active in GeocacheAlaska! she has presented many educational programs for the club in such areas as using pocket queries, caching along a route, and using database programs to complement one’s caching experience as well as personalized bling and other geo related items.Victoria is an inclusive cacher who sees geocaching as an activity where all participants are equally worthy of being included.  She actively introduces herself to new geocachers at events and on the trail.  She participates on our local forums where one of her primary interests is in seeing that local cachers receive the accolades they deserve.” Birdman320Birdman 320 – Nominee for Geocacher of the MonthMarietta Davis writes, “Birdman320 is the kind of cacher every cache owner hopes for and appreciates.  Dan never sets off for a find without being prepared for the worst.  He is always loaded with tools such as string, a pocket knife and most importantly a LARGE supply of replacement logs equipped with Ziploc bags to keep them dry.  On one caching adventure with Birdman320 I believe he went through more than 20 log books.Another important thing to mention about Birdman320 is what he does for other people.  Dan Burdick is the most the thoughtful and caring person I have ever met.  Dan goes above and beyond to help anyone in need whenever possible, which extends well beyond the Geocaching community.  I have witnessed Dan going out of his way to shovel sidewalks and clean off cars for the elderly, assist people jump start their cars/get into their cars when the keys were locked in, all after working a 12 hour shift.  Dan has been known to help fellow cachers while in the woods on many occasions crossing creeks and up steep inclines.” siig siig: nominees for geocachers of the monthGeocaching since 2008, siig, has impacted thousands of other geocachers through hides with more than 100 favorite points and events that regularly attract new and old geocachers.  A majority of siig’s finds and all their hides are in Denmark. The geocaching community in the country is growing rapidly and friends say siig is helping lead that community in a positive direction with their hides and finds.Geocacher and prolific hider Jesper Mazanti writes, “My nominees are two geocachers siig. They have both done a lot for geocaching in this area. They have placed a lot of caches of various types and difficulty. They have made some events which all have been visited by a lot of geocachers.All their work reflects a lot fun and they bring the entire geocaching community together socially as well.” Comment below to tell us who you think should be the November Geocacher of the Month. We will be accepting comments through January 31.If your nominee wasn’t recognized here, please submit your nominations again next month. We’re always looking for the next Geocacher of the Month. To nominate a geocacher, send an email to and include the following information:Your name, the name of your nominee, their usernameA picture of the nomineeDescription (200 or more words) explaining why he or she deserves to be the Geocacher of the MonthPlease inform your nominee that you have submitted them for the award. Nominations for the next Geocacher of the Month should be received by February 3. Once Geocaching HQ has received the nominations, we will choose the top candidates and post them on the blog. You will then get a chance to champion your favorite. Our goal is to involve the entire geocaching community in this process so that we might learn from each other.Share with your Friends:More SharePrint RelatedAnnouncing the Newest Geocacher of the MonthApril 15, 2014In “Community”Announcing the November Geocacher of the MonthDecember 31, 2013In “Community”Announcing the October Geocacher of the MonthDecember 6, 2013In “Community”last_img read more

iLike Acquired by MySpace: Live Blogging the Press Call

first_img8 Best WordPress Hosting Solutions on the Market We just got an invitation to a MySpace press conference with MySpace CEO Owen Van Natta that will start at 11:45am PDT. We also just received news that MySpace did indeed enter into an agreement to acquire the music recommendation service iLike. The financial terms of the acquisition were not released.We will live blog the press conference, which should get underway shortly. Live Blog10:45am: Still waiting for the call to get going. These events tend to run late, so no surprise there. 10:53: Van Natta: talking about the future strategy of MySpaceMySpace has agreed to buy iLike.Reason for acquisition: bringing world-class content to MySpace.“MySpace is a place where people go to express themselves.”Myspace is centralized, while iLike is distributed; both have a shared belief in open content distribution.10:56: iLike users will not notice iLike acquisition for the time being.iLike team will remain headquartered in Seattle.10:57: And that’s it for the prepared statement from Owen Van Natta… Taking questions now.Q&A10:58: Question: what to expect next in terms of integration? Van Natta: nothing to announce yet – but film could be involved.10:59: Question: What will this mean for iLike and Facebook? Van Natta: social networks will like the fact that we will make iLike an even richer experience (basically, he politely deflected the question).12:00: Question: What were the terms of the deal? What will the integration with MySpace music look like? Van Natta: will see how we can integrate the two. For now, the iLike team will continue to operate autonomously. Specifics of the deal remain under wraps.12:01: Question: Integration? Was delay really delayed by tax questions? Van Natta: No plans yet. On taxes: “it was one of the smoother sailing deals I was involved in.”12:03: Van Natta: the web is going through a movement of socialization – a movement started by MySpace. “Culture is getting defined by the social interaction around content.” 12:05: Question: Update on MySpace Music. Van Natta: MySpace music sees 200% growth in use year over year. Expects MySpace Music to remain a great experience for its users.12:06: Followup: Does iLike’s model of giving away free content conflict with the move by News Corp. to charge for content? Van Natta: sometimes people will pay for some content, sometimes content will be ad-supported. Expects MySpace to remain ad-supported.12:08: Another integration question. What elements of the iLike service might find their way into the MySpace Music service? What will iLike bring to MySpace. Van Natta: we will extend the iLike service beyond music – leverage all the different entertainment categories. Might start adding more concert ticket-related features on MySpace (this is an area where iLike excels).12:11: Last question: what does this mean for the iLike team? Van Natta: very talented team – we don’t want to interrupt the innovation going on there and we want to nurture the talent already at iLike.12:14: And that’s it… thanks for reading. The press release is below and we will surely have more analysis of this deal in the days to come.The Press ReleaseMYSPACE TO ACQUIRE iLIKELOS ANGELES – August 19, 2009 – MySpace today announced an agreement  to acquire iLike, a leading social music discovery service. The  acquisition brings together two companies who share a common vision  revolving around social discovery and distribution of quality content.  “The iLike acquisition advances our relentless pursuit of innovation  and the need to create new distributed social experiences in music and  beyond,” said Owen Van Natta, Chief Executive Officer of MySpace. “We  are deeply committed to bringing world class talent into all areas of  the company and this acquisition demonstrates our focus on this  objective.”Brothers Ali and Hadi Partovi founded iLike in 2006, and in just two  years made it the largest music application across all social networks  with 55 million total users and 1.5 billion monthly impressions. The entire iLike team will stay intact including, CEO Ali Partovi,  President Hadi Partovi and CTO Nat Brown.  All three are seasoned  entrepreneurs who’ve held executive positions at both start-ups and  Fortune 100 companies.  Prior to iLike, Ali Partovi founded and sold  LinkExchange to Microsoft and Hadi Partovi independently co-founded  and sold TellMe Networks, also to Microsoft. Hadi Partovi also  incubated (now  Brown has a deep and respected  history as an early architect at Microsoft, and he was involved in the  creation the first Xbox, .NET/CLR, and ActiveX/COM/OLE.  “MySpace’s strengths have been a long-time source of inspiration for  iLike,” said Hadi Partovi, President of iLike. “Combining MySpace’s  existing platform, reach and resources with iLike’s syndication  network and social discovery tools creates the potential for truly  exciting innovation and commerce across any vertical entertainment  category — our combined assets now span all the major social  networks. I’m enthusiastic about what this combination will mean for  our users, artists, advertisers, and our staff. We are beginning an  exciting new journey together.”iLike users and the artist community should expect the iLike  experience to be unaffected by the acquisition. iLike will remain headquartered in Seattle.Financial terms of the acquisition were not released. frederic lardinois A Web Developer’s New Best Friend is the AI Wai… Tags:#news#web center_img Why Tech Companies Need Simpler Terms of Servic… Top Reasons to Go With Managed WordPress Hosting Related Posts last_img read more

ReadWriteWeb Events Guide, 27 February 2010

first_imgA Web Developer’s New Best Friend is the AI Wai… 16 – 17 April 2010: Royal Oak, MichiganFutureMidwestFutureMidwest is the region’s largest technology and knowledge conference. Founded by Adrian Pittman, Jordan Wolfe and Zach Lipson, FutureMidwest is the fusion of two successful conferences held in Michigan in 2009 – the Module Midwest Digital Conference and TechNow.Both conferences highlighted how technology and digital tools have dramatically changed the way we do business and the effect this transition has had on companies. FutureMidwest kicks things up a notch with presentations, group breakout sessions, relationship-building opportunities and influencers who are taking action to redefine business in the digital age. Register here.19 – 21 April 2010: San Francisco, CaliforniaDrupalConDrupalCon is the premier conference focused on Drupal, the award-winning open source content management framework that is galvanizing social publishing and web development today. For a registration fee of $195, attendees get three full days of sessions led by the best and brightest Drupal experts. Drupal has been downloaded over 2 million times since its inception, and project growth has doubled annually for several years. Drupal is used to deliver a wide variety of application types including blogs, wikis, community networks, digital media portals, and web content publishing and management. Digital Asset OptimizationDeep Dive Into AnalyticsAugmented Reality: It’s a Brave New WorldBringing SEO In-House: The Pros and ConsAdvanced B2B Search MarketingDuplicate Content & Multiple Site Issues23 March 2010: San Francisco, CaliforniaS.F. Beta 4.0 After a long winter’s hiatus, S.F. Beta is back, for its forth year straight! Join hundreds of founders, investors, developers, and technologists for a lively evening of demos, drinks, conversation, and new connections. Early bird tickets are available, and they’re going fast. Register now for discounted admission. As always, we feature startup demos all night. This time around, the theme is Search & Discovery. If you’re building the next Google (or the next Google acquisition), we want you here! Email for more info. Tags:#Events Guide#web 13 – 15 April 2010: Dallas, TexasPubCon SouthPubCon, the premier search and social media conference, features the industry’s biggest names and key players shaping the future of the Web. PubCon South will include cutting-edge panel sessions exploring tracks dedicated to search, social media and affiliate marketing, an intensive professional search and social media training program, and some of the world’s top keynote speakers. PubCon South at Dallas will also hold a one-day, two-track slate of intensive educational training programs led by some of the industry’s most respected search professionals. The event takes place at the Richardson Conference and Civic Center. Register here. There’s plenty of new stuff on this week’s calendar but nothing comes close to Global Ignite Week. And with more than 50 events all around the world, it’s likely that there’s an Ignite close to you. Remember, they’re almost guaranteed to make you smarter. Like the the Ignite motto says: “Enlighten us, but make it quick.”How do you like your events calendar? As a world map? As an iCal (and Google Calendar-importable) file? You can also import individual events using the link beside each entry. Know of something cool taking place that should appear here? Let us know in the comments below or contact us.1 – 5 March 2010: WorldwideGlobal Ignite Week From March 1-5, 50-plus Ignites will take place in cities around the world. Upwards of 10,000 entrepreneurs, technologists, DIYers, creative professionals, and enthusiastic knowledge-seekers will gather in local pubs, theaters, and other convivial venues for an evening that is a unique blend of networking, information, and fun, encapsulated inIn talks that are exactly five minutes long, Ignite presenters share their personal and professional passions, using 20 slides that auto-advance every 15 seconds.Global Ignite Week is both an in-person and online phenomenon. Local Ignites will stream live video during the event, and those videos will be archived on the new Ignite video site that is being launched in conjunction with the event. At least 500 five-minute session videos will be available on the new site when it debuts.4 March 2010: Silicon ValleySilicon Valley VC and Angel ConferenceAt FundingPost‘s next event, a panel of investors who will focus on early-stage venture investing. We will be discussing trends in early-stage investing, sectors that these Angels and VCs look at, things that are most important to them when they are considering an investment and the best and worst things an entrepreneur can do to get their attention. Entrepreneur summaries will be given to the investor speakers and attendees – all of the investors will get your company description and contact info!Additionally, there will be an optional pitching workshop lunch where we will completely deconstruct your elevator pitch, and work with you on formulating a clean and concise elevator pitch giving the important information that investors need to hear to make an educated decision on your company! Then you get to give your new elevator pitch in person to the panel of investors during the event! Click here for more information.11 March 2010: Los Angeles, CaliforniaLos Angeles VC and Angel EventAt FundingPost‘s next event, a panel of investors who will focus on early-stage venture investing. We will be discussing trends in early-stage investing, sectors that these Angels and VCs look at, things that are most important to them when they are considering an investment and the best and worst things an entrepreneur can do to get their attention. Entrepreneur summaries will be given to the investor speakers and attendees – all of the investors will get your company description and contact info!Additionally, there will be an optional pitching workshop lunch where we will completely deconstruct your elevator pitch, and work with you on formulating a clean and concise elevator pitch giving the important information that investors need to hear to make an educated decision on your company! Then you get to give your new elevator pitch in person to the panel of investors during the event! Click here for more information.12 – 16 March 2010: Austin, TexasSXSW Interactive An incubator of cutting-edge technologies, the SXSW Interactive Festival offers five days of captivating keynote presentations, panel sessions, book readings, Salons and Core Conversations that provide hands-on training as well as big-picture analysis. In addition to the business opportunities at the Trade Show and Exhibition and the hands-on gaming fun at the ScreenBurn Arcade, SXSW Interactive provides an array of exciting evening events including the SXSW Web Awards Ceremony. More to the point, coming to SXSW Interactive is a great way to recharge your creativity.The variety of programming offered at SXSW Interactive means that the event focuses as much on creativity as it does on technology. This focus is augmented by SXSW Film, which runs concurrently with SXSW Interactive and SXSW Music. Moreover, a full slate of parties and receptions during the evening hours help to accelerate the social aspect of the event.For more information, visit, or for a handy survival guide click here.15 – 16 March 2010: London, England2nd Annual Social Networking World Forum — LondonThe 2nd Annual Social Networking World Forum takes place at the Olympia Conference Centre in London. The two-day event features four dedicated conference streams: 26 March 2010: San Francisco, CaliforniaFreemium Summit The first Freemium Summit is a one day event focused on exploring what it takes to succeed under the freemium business model. Across all segments of the media landscape, entrepreneurs and executives are pioneering models that combine a free offering with a premium, paid offering. This hybrid business model is one of the most exciting areas of business model innovation impacting the world of media and the Freemium Summit will explore the most important topics on the minds of leading practitioners.Confirmed Speakers: Toni Schneider, Automattic (WordPress); Matt Brezina, Xobni; Aaron Levie,; Phil Libin, Evernote; Tom Conrad, Pandora; Drew Houston, Dropbox; Ranjith Kumaran, YouSendIt; Ben Chestnut, Mailchimp; Lance Walley, Chargify; Isaac Hall, Recurly; and Lincoln Murphy, Sixteen Ventures.7 – 9 April 2010: Sydney, AustraliaConnectNowConnectNow brings together international specialists and thought leaders in social media, emerging technologies and their intersection with business. Learn how the realtime web, location based services, augmented reality, ubiquitous computing and personalised services are changing marketing and communications. Understand the importance of trust in relationship marketing and what is “social currency”. For more info email Social Networking World ForumEnterprise social mediaSocial TV World ForumMobile Social Networking ForumThe event features key speakers from global brands, organizations, social networking publishers and developers, pioneering social media leaders, top agencies, content producers, and more.Full workshop program within exhibition areaEvening networking receptionPre-show online meeting planner for delegatesFree pass for exhibition only22 – 26 March 2010: New York CitySearch Engine Strategies New York Conference & Expo Go beyond search at Search Engine Strategies New York. Learn the newest trends, strategic action plans, and technology that industry leaders are employing today. Our experts will trace the natural evolution of search exploring topics such as: digital asset optimization, mobile application development, transition from search to discovery and more.Book your pass today. Enter RWW15 to save 15% off the registration. Sessions include: Co-located with CloudCamp LondonCo-located with Green IT conferenceFree-to-attend exhibition with seminar and scenario theatreFree-to-attend evening awards presentationHear from leading case studies on how they have integrated cloud computing and SaaS into their working practicesLearn from the key players offering cloud and SaaS servicesEvening networking party for all attendees5 October 2010: New York CityFinovateFallFinovateFall will return to Manhattan on Tuesday, October 5 to showcase dozens of the biggest and most innovative new ideas in financial and banking technology from established leaders and hot young companies. The Fall event is the original and largest Finovate and features a single day packed with our special blend of short, fast-paced onstage demos (no slides are allowed) and intimate networking time with top executives from the innovative demoing companies.FinovateFall is a unique chance to see the future of finance and banking before your competition and find the edge you need in today’s market. Early bird registration rates are available.Download this entire events calendar in iCal format. Practical and relevant insights from peers who have already used social media successfully20-plus corporate speakers (including PepsiCo, Whole Foods, Dell, McDonald’s, General Motors, Citi, Johnson & Johnson),Best practice, benchmarks and practical next steps you can use to take advantage of social media in your businessA tightly-focused agenda with 14 in-depth, practical workshops giving you knowledge on only the most critical business issues surrounding corporate use of social mediaSave $400 if you quote RWW400 when booking. Book here.29 – 30 June 2010: LondonCloud Computing World Forum The 2nd annual Cloud Computing World Forum is the perfect event to learn and discuss the development, integration, adoption and future of cloud computing and SaaS. Building on the success of the 2009 show, this two day conference and free-to-attend exhibition will provide a focused platform for the global cloud and SaaS industry. Show highlights include: Top Reasons to Go With Managed WordPress Hosting ReadWrite Sponsors Related Posts 16 April 2010: Mountain View, CaliforniaUnder the Radar: CloudUnder the Radar: Cloud is must-attend event for dealmakers and heads of IT from large enterprises, SMBs, service providers, carriers and media companies who are responsible for helping their companies leverage new technology and innovation in the fast-evolving IT ecosystem. Join us for the 15th Under the Radar conference, featuring a hand-picked selection of the world’s most innovative cloud startups among 350 top tech, media, telcom and finance executives. For ticket and more information, visit Why Tech Companies Need Simpler Terms of Servic… 26 April 2010: San Francisco, CaliforniaFuture of Money and Technology Summit The Future of Money & Technology Summit will bring together the best and brightest thinkers around money, including visionaries, entrepreneurial business people, developers, press, investors, authors, solution/service providers, and organizations who work where cash and commerce collide. We meet to discuss the evolving ecosystem around money in a proactive, conducive to dealmaking environment. Featured speakers include Jolie O’Dell from ReadWriteWeb, as well as representatives from Wells Fargo Bank, Kiva, SharesPost, Jambool, Founders Fund,, SoftTech VC, and many more.Use discount code “rww” to get 10% off registration.11 May 2010: San Francisco, CaliforniaFinovateSpringFinovateSpring 2010 will again showcase the most cutting-edge financial and banking technology innovations to Silicon Valley and the world. With Finovate’s signature mix of short, fast-paced onstage demos (no slides are allowed) from handpicked companies and intimate networking time with their executives, this conference packs a ton of unique value into a single day.Come see the cutting edge of banking and financial technology and network with hundreds of the leading financial executives, venture capitalists, press, industry analysts, bloggers and fintech entrepreneurs. Early bird registration rates are available.15 – 16 June 2010: New York CityCorporate Social Media Summit The Corporate Social Media Summit is a two day conference focused exclusively on how big businesses can take advantage of social media to enhance their marketing/comms strategy. Featuring: 8 Best WordPress Hosting Solutions on the Marketlast_img read more

Is Blockchain Winning or Losing? — 4 Stages of Blockchain Evolution

first_imgFollow the Puck Why IoT Apps are Eating Device Interfaces Related Posts Jan Keil is VP of Marketing at Infopulse who is contributing to the business development and the company’s success at the global IT services market. With 20+ years of experience in IT sector, Jan has been involved in a myriad of projects driven by blockchain, IoT, AI, Machine Learning, Deep Learning, Neural Networks, AR, VR, and cybersecurity.More details on Jan’s blockchain expertise:involved in most of Infopulse’s blockchain development projects, e.g., blockchain enterprise application for banks, automotive and top 10 crypto projects that we support;an advisor for blockchain start-ups;Jan has attended a number of blockchain conferences as a speaker and also participated in blockchain meet-ups and international expositions such as Blockchain Week NYC with ConsenSys, CEBIT, it-sa, MSC. Jan KeilVP of Marketing at Infopulse Blockchain – Impending Revolution in Glob… What it Takes to Build a Highly Secure FinTech … Tags:#bitcoin#Blockchain#blockchain technology#Cryptocurrency#Distributed Ledger#DLT#ICO#smart contract The hype over blockchain has picked up steam and enterprises rush to apply blockchain to their industry or even just add it to their initiatives of the year. Blockchain becAme a buzzword of 2018 and seems to be buzzing pretty well in 2019 so far, as well. The blockchain appears to be part of the digital transformation strategies of high-profile executives. Is blockchain a good investment for your business at the moment? There’s no definite answer as it can incur much criticism from blockchain opponents or enthusiasm from its supporters. Decide it for yourself by looking into the core of blockchain technology and understanding some current trends in blockchain application development. It is also essential to know the history of blockchain which starts with the incredible takeoff of cryptocurrencies. Blockchain evolution process reminds me of a beautiful quote attributed to Mahatma Gandhi saying that popular movements pass through four stages: “First they ignore you. Then they laugh at you. Then they attack/hate you. Then you win.”Ignore stage: how the first cryptocurrency and blockchain emerged.Perhaps, no one would ever begin bustling about blockchain unless bitcoin came into the spotlight in 2008. This was the time when the first cryptocurrency got its name starting Bitcoin evolution phase when the only use case of Blockchain was about enabling crypto transactions. Its mysterious creator Satoshi Nakamoto (a person or a group of people) published his nine-page whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System”, which described the underlying principles of Bitcoin and its pivotal Blockchain technology. The latter was defined by Don & Alex Tapscott, founders of Blockchain Research Institute, as “…an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”Bitcoin blockchain was born as an anarchistic dream to initially resolve the double-spending problem, bypass governmental control, and centralized regulation. However, in its early days, bitcoin, not talking about blockchain, did not receive much attention from society. But why was something that revolutionary ignored until 2013 when it hit the mainstream? First off, participation in bitcoin transactions required an installation of sophisticated software with difficult to understand interface, cryptographic operations with public and private keys, protocol basics, etc. It is no wonder that common users did not bother to get into crypto. Firstly, they saw no point in having it, if fiat money already did the job; and secondly, there was little trust to currency looking like created out of nothing by a gang of anonymous cyber-anarchists.Another reason could be the fact that bitcoin didn’t have the actual value and in 2008 and 2009 — zero dollars by that time. Cryptographers and IT experts were the primary audiences that could actually evaluate the real price of bitcoin. However, for average people who were used to the currency that already had value, bitcoin was non-existent at that time. Bitcoin Blockchain was ignored – only a close circle of true enthusiasts of a new e-cash system knew about the day (January 3, 2009) of mining the first genesis block that laid the foundation of the bitcoin chain. Neither a big event was the first transaction made by Satoshi Nakamoto nine days later who sent 100 bitcoins to a software developer Hal Finney interested in the new technology. That was only the beginning of bitcoin mining history.We may call it an IGNORE stage.Laugh stage: how bitcoin acquired its digital value. Before 2010, bitcoin had never been traded, only mined, it was impossible to assign a monetary value to the units of the emerging cryptocurrency. There was no way to buy or sell bitcoin, make peer-to-peer payments outside the blockchain community network – cryptocurrency had not been adopted yet by foreign exchanges, banks or any other payment service providers. Web-based exchange platforms, applications, or marketplaces did not exist. Neither there was a chance to pay for your online or offline purchases with BTC. Two Papa John’s pizzas actually provoked the shift in bitcoin value history and a step to being associated as a real-world currency. In May 2010, a programmer from Florida Laszlo Hanyecz placed an offer at the online Bitcoin forum asking whether anyone is ready to trade two large pizzas for 10,000 bitcoins (about $41 at that time). It was a profitable deal for the recipient of bitcoins who in reality paid $25 for the pizza. This was the first BTC transaction for actually a physical item, estimated in $39,514,758 as of February 21, 2019. Although this movement drew mainstream attention supported by a community of true enthusiasts, the new digital values (or tokens) made people only smile about an opportunity to exchange them for fiat money. However, nine months after the pizza day, bitcoin blockchain reached its first milestone mark (1 BTC = $1). This was the first breakthrough in the bitcoin price history starting the period of BTC’s ups and downs (compare bitcoin historical data) and the era of bitcoin miners. Most importantly, it was a mind shift for those who had treated bitcoin as something that wouldn’t last long. The communities of bitcoin advocates and opponents appeared and attracted the attention of larger audiences – investors and non-tech people.The time bitcoin increased its digital value, altcoins (alternative digital currencies) started cropping up – Namecoin (the first altcoin that appeared in 2011), Litecoin, Monero, Dash, Factom, Dogecoin, etc. Generally, the first altcoins were simply iterations of bitcoin with some improvements to the mining process time, privacy or transparency issues, e.g., Litecoin offered faster transaction confirmation – 2.5 minutes compared to 10 minutes of Bitcoin. Since 2011, the number of altcoins has begun growing exponentially, and as of February 12, 2019, you can already find 2014 cryptocurrencies. Most of such altcoins were based on the codebase of bitcoin and came into the cryptocurrency market with their claim to uniqueness, main idea, goals, and a project development plan. Their creators launched ICOs being backed up solely with an approach described in a white paper and managed to fundraise investors’ fiat money or other virtual currency for the token’s value actually generated out of thin air. Isn’t it funny how a project with nothing but an idea swiftly makes its way to the top making money out of nowhere? An excellent example of a Laugh stage was Dogecoin’s success. This “parody” cryptocurrency was born in 2013 out of Twitter meme Doge and was a clone of bitcoin, though offering faster and cheaper transaction fees. Treated even by its founder as a joke, who left the project in 2015, the crypto, however, gathered the most robust community of enthusiasts still having a laudable position (25th place among top 100 cryptocurrencies) with its market cap 239,373,72 as of February. Some of altcoins actually stood the test of time and, although being laughed at, reached their highest peaks of market cap bringing huge returns to their early investors. At the same time, the buzz around bitcoin and blockchain held up to ridicule. Some companies even started adding “bitcoin” and “blockchain” to their domain names or brand names having no apparent connection to the technology. But the funniest thing is that they actually thrived on this. For example, LTEA company achieved a 432% increase in its stock shares after a slight change in a brand name and the announcement that the company shifted to blockchain strategies.That was a LAUGH stage.Attack/Hate stage: bitcoin’s smudged reputation brought blockchain to the fore. There are two names associated with the disruption of bitcoin reputation. Mt.Gox, the first BTC exchange that was handling 70% of all the world’s cryptocurrency transactions in 2011. That year it was subjected to continuous hack attacks. Compromised wallets were repetitively emptied during 2011-2013 resulting in 850,000 bitcoins lost, and bankruptcy of Mt.Gox announced in 2014. The security breach was caused by the lack of encryption of private keys as the Bitcoin 0.4.0 had only wallet encryption and thus, attackers needed only to steal a wallet.dat file. Another major discrediting factor was the launch of Silk Road, the first online black market for selling/buying illegal drugs, guns, pirated software, etc. The majority of transactions were conducted with bitcoins offering the needed anonymity. Those were the first ATTACK examples.Although the encryption methods have been significantly improved since 2011, cryptocurrency fraud and scams are still a pressing issue for bitcoin and other top-ranked cryptos. Inspired with the high returns on the tokens, many people were eager to make quick money in an unregulated world of cryptocurrency. Their increased interest and readiness for investing in virtual currencies allowed many fraudsters and scammers to make a fortune by using different sorts of schemes. Since the rise of cryptos, the most popular have been pump-and-dump schemes – a deliberate increase of the digital coin’s value (often with a low market cap) in order to attract investments from outside and then, sell the currency at the highest price leading to huge losses among investors. The latest MIT study showed that such schemes resulted in $7 million of monthly trading volume in 2018. Pump-and-dump schemes, mostly organized in popular messaging platforms (Telegram, Discord, Slack), are one of the most widespread ways used by speculators to make hay and stay unpunished. For example, in 2018, 3767 pump signals were detected in Telegram only in a 6-month period. This is how hate was born among investors and true enthusiasts involved in the development of the virtual currency. Another popular method for collecting money fast is a Ponzi scheme. Here’s how it works.First, a scamcoin should be premined or instamined so that when a coin is launched, the scammers could operate with a good sum of coins and tokens distributed to the early adopters. At the same time, premining and instaming is still a controversial issue as 70% of thriving cryptocurrencies were also premined or instamined. All this is done to create the coin’s value at the day of its launch, which is announced on the most visited cryptocurrency forums. After the crypto gets enough buzz and support from the community of developers, more and more investors are getting attracted to crowdfunding the project. At the same time, the payouts to earlier investors are performed from the money of new investors. When the crypto’s value and a number of investments reach a specifically high level, scammers sell their coins, take funds and simply disappear. This is how numerous investors worldwide lost $4 billion to OneCoin scammers – the biggest Ponzi scheme in the history of cryptocurrencies. Another much-talked-of Ponzi scheme is Mining Max that took $200 million from 18 000 investors in more than 54 countries. But how do people get tricked knowing how the scheme works? Scammers simply learned how to make it plausible, for instance, two scam artists misled investors of My Big Coin (MBC) by using non-existent trading results and fraudulent claims such as “MBC was a gold-backed cryptocurrency”.Isn’t it a good reason for hate overwhelming naive investors left with nothing?Numerous scams caused true agitation among officials, lawmakers, and regulators. Especially when the level of ICOs investments in fintech start-ups grew from $26 million in 2014 to $1,27 billion in 2017. The US and Canadian governments expressed their fraud concerns towards ICO market and “unregulated currency exchange” issuing a warning on ICOs. The U.S. SEC concluded that “at least some virtual currencies should follow federal securities law.” On the contrary, China wasn’t as accommodating and just banned the use of ICOs in 2017.Although China is believed to be one of the drivers of the bitcoin’s price rise to over $1000 in 2013, the People’s Bank of China ordered to close operators’ accounts connected to digital currency exchanges in 2014. Perhaps, this is the reason why democratic governments keep away from any drastic measures in regards to ICOs, crypto or blockchain start-up investments that may be considered as “the China style.” Many lawmakers and regulators of the European Union, the U.K., South Korea, Japan, and Switzerland claim to use more harmonized approaches to prevent some pressing issues like money laundering, etc. The majority of crypto enthusiasts considered regulators’ bills and directives as the way to control the technology that by its nature excludes any intermediaries or central bodies supervising transactions.That was a HATE stage.The total independence of cryptocurrency from any control or intervention of authorities seemed a real threat not only to the foundations of national financial systems but to the world order. Cypherpunk anarchistic ideas propagating the freedom from government or its replacement with the disruptive digital currency and its network caused much of concern at the governmental level. Perhaps, this is one of the reasons why the perception of bitcoin has been tainted since its early days and tech giants, as well as officials, turned their eyes to its underpinning technology.First off, blockchain is a distributed ledger system on which decentralized systems are run aiming to streamline different business processes. Blockchain technology architecture relies on such key components as a distributed database meaning that there’s no central location for storing data as it is kept in a ledger (e.g., a list of transactions in cryptographically connected blocks); a peer-to-peer network of interconnected computer systems (aka nodes), cryptographic techniques (one-way hash functions, public key infrastructure, Merkel trees), a consensus mechanism (aka protocols that determine the rules of data communication and transmission between devices to achieve consensus on transactions in a low-trust network), and validity rules of the network (e.g., how to define the validity of a transaction). Technically speaking, the route of a transaction (e.g., digital coins, records, contracts, or other data) being added to the blockchain incorporates all of these components. So, when a sender transmits his signed transaction to a P2P network, its nodes should validate the initiated transaction and the status of a sender by using specific algorithms. After the transaction is verified, it is combined with other transactions ready for creating a new block with data in a distributed ledger. Once a record is added to the block, it is by design immutable to any further alterations. The transaction is regarded completed when the block is added to the blockchain. Most importantly, the blockchain technology can help build digital trust as each transaction is transparent and open to all the nodes in the network and is verified by multiple network participants. It is especially important when different parties of the deal do not trust each other but need to ensure that it’s fair. The universal character of this technology allows applying it practically to any industry, and there is already a multitude of blockchain use cases. Hence, the smudged reputation of bitcoin blockchain and other altcoins cannot change the fact that blockchain is genuinely a disruptive technology with the potential to fully transform the norms of data records.Ethereum Blockchain, Smart Contracts, and dAppsEthereum blockchain (founded in 2013) is believed to be the most significant iteration of BTC structure and a real push to blockchain technology development. Ethereum started a new era of Blockchain 2.0, giving rise to smart contracts and dApps (decentralized blockchain technology applications, programs or tools). A co-founder of Ethereum Vitalik Buterin in one of his interviews explained smart contracts as “a computer program that directly controls digital assets…being used in a bunch of applications like insurance, any self-executing financial contracts, systems for crowdfunding, DNS (like already existing Ethereum Name System), etc.”dApps are run on blockchain or peer-to-peer network which does not require any middleman to control or manage any user’s data. They are open-source, decentralized, rely on consensus mechanism and have no single points of failure (SPOF). Among SPOF examples are a data center with failed generator backup, a service provider that can’t handle a power outage, and even people who may fail to meet their obligations, etc.). As Ethereum developer’s community is one of the largest in the world – over 250 000 developers,  there are plenty of open-source tools for building own smart contracts together with Ethereum’s “object-oriented, high-level language” Solidity and Ethereum Virtual Machine. At the moment, Ethereum Blockchain is one of the most actively used open-source computing platform for building distributed applications (aka dApps). There are over 2 000 dApps already launched on the basis of Ethereum platform. A good part of them is still under development and are limited to gaming, gambling or exchanges until the network is enhanced. Another popular dApp development platform is naturally Bitcoin Blockchain. Being the first blockchain generation platform, it also has an active community of developers, tools and frameworks. However, it is Ethereum that is credited with expanding the vision of blockchain from cryptocurrency to a system which can be applicable to other domains such as identity management systems, supply chain management, energy grid, trade finance, government systems, etc. Ethereum blockchain allows implementing a key purpose of a blockchain – eliminating the need in a third party to regulate any transactions instead verified by achieving a consensus of all the participants in the system. Traditionally, as it was with bitcoin blockchain, Ethereum blockchain was also attacked at its maturity stage. A decentralized investment fund DAO that is run by smart contracts has become the cause of all the fuss. After the organization beat the crowdfunding record gathering $150 million dollars, an attacker managed to steal 50 million of ether in June 2016 due to the exploited flaw in the DAO smart contracts software. To sum up, this could be called the ATTACK or HATE stage.Win stage: how blockchain has finally gained traction. Despite the attack, Ethereum blockchain attracted the attention of large enterprises, organizations (MasterCard, Intel, Microsoft, ING, Deloitte, etc.) and start-ups interested in mutual contribution to the creation of “an open decentralized web”. That’s how Enterprise Ethereum Alliance (EEA) was founded in 2017. Today, it functions as a standards body and a community with over 300 members working on specifications and standards to Ethereum extensions comprising consensus mechanisms and privacy features. It is one of the most influential blockchain enterprise consortia together with Hyperledger, R3, B3i, FISCO, etc.Although Ethereum, as the second generation of blockchain, outmatches Bitcoin in its maximum network capacity (15 transactions as against Bitcoin’s 3-4 transactions processed per second), Ethereum blockchain does not solve the scalability issue. If blockchain goes mainstream, it should be able to process thousands of transactions per second without any delays. This limitation in speed and capacity is projected to be solved with the help of a new technology – sidechain, which is a separate blockchain securely attached to the main blockchain with the help of two-way pegs that enable interchangeability of assets. This allows reducing traffic on the main blockchain and increasing its capabilities as well as the efficiency of transactions processing . Moreover, another generation of public Blockchains 3.0 gains traction claiming to address the existing issues and offering a new approach to protocols (EOS and Cardano), consensus mechanism, scaling layers, etc. This is only the future of blockchain technology, which will also rely on such key technologies as AI and IoT helping to address many blockchain limitations.The appearance of Blockchain 3.0 projects (Zilliqa, Dfinity, Quarkchain, NEO blockchain,  Ultrain, and Exonum as a framework for building decentralized blockchain applications) brings us to the fact that the evolution of blockchain is an ongoing story and its climax is yet to come. By the way, many of the projects mentioned above are already thriving. For example, a range of dApps run on NEO blockchain together with Smart Economy distributed network for managing digital assets, digital identity, and smart contracts of public and private/enterprise projects. Furthermore, there are other new players on the market, e.g., Ultrain which is projected to surpass the performance of both Bitcoin, Ethereum and even NEO blockchain. Ultrain is a Singapore-based startup founded and developed by former technical executives, scientists, and engineers of Alibaba, Google, and IBM gathered to create a programmable business system for both dApp developers and enterprise end users. What factors have set a WIN stage? As of today, blockchain is “a buzzword of the year” (the latest survey proves that it was the most overrated words of 2018. Blockchain is actively discussed in the media and almost all leading industries have started initiatives towards blockchain adoption. At the same time, governments across the world have decided to join the game investing heavily in R&D of the blockchain, or distributed ledger technology (DLT). Many governmental institutions around the world have already implemented national pilot blockchain projects in the healthcare (e.g., Estonian Electronic Health Record System), energy sector (e.g., Power Ledger), insurance (e.g., FidentiaX), government services (e.g., E-Auction and E-Vox), etc.By the way, according to PwC survey, the leading countries that demonstrate the most of initiatives in developing blockchain projects are the U.S. (29%), China (18%), and Australia (7%). However, it is projected that in a couple of years China could outstrip the States and European countries turning into the epicenter of the most significant blockchain projects.Although the increased flow of virtual cryptocurrencies still disturbs officials, blockchain is highly welcomed as the distributed ledger technology instead. First of all, the government needs it for strengthening patient data protection and improving current security systems vulnerable to breaches and different sorts of attacks. The map of blockchain adoption across the world shows what blockchain initiatives governments have already started implementing.As to banks and other financial institutions, they are already trading cryptocurrencies in foreign exchange whereas businesses are exploring the prospects of redesigning their processes to move to the blockchain platforms. Forward-thinking business leaders join different blockchain consortia which unite organizations ready for discovering blockchain opportunities. Today they are divided into business-focused (e.g., GBBC (Global Blockchain Business Council), GSBN (Global Shipping Business Network), banking consortia R3, BankChain, etc.) and technology-focused consortia (Hyperledger, EEA, etc.). The most prominent umbrella project of Linux Foundation Hyperledger focuses on collaborative development of tools and frameworks for open-source blockchains and distributed ledgers. In 2018, EEA and Hyperledger joined forces becoming associate members who will share a common goal – speeding up blockchain adoption across enterprises. Such consortia collaborations attract large enterprises eager to participate in joint development of blockchain projects. There are even more facts that prove that blockchain technology gains its traction and has an accurate recognition of a considerable cryptocurrency and blockchain potential – over 500 cryptocurrency exchanges, 25 million crypto wallet users, numerous online crypto magazines, applications and services. The job market has also been stirred up struggling to meet the growing demand for blockchain developers, which has grown by 3,300% compared to other jobs according to this LinkedIn report.An interesting fact is that even some haters and opponents of Bitcoin Blockchain begin tapping into this revolutionary technology. For example, JPMorgan, the largest U.S. bank, has recently announced about the launch of their own cryptocurrency JPM coin for accelerating transactions between customers of JP Morgan. That is when two years ago JPMorgan’s CEO Jamie Dimon was publicly criticizing bitcoin as a digital currency calling it “stupid,” “dangerous,” and simply “a fraud.”This example shows how influential and mind-shifting blockchain technology is at the moment.We can positively assume that all the factors mentioned above lead to a WIN stage.While cryptocurrencies and blockchain are at the top of the hype cycle, we must not lose sound view of things – building a real foundation for these technologies still has to go a long way before they reach mass implementation. Despite the tremendous tasks ahead, I believe that in less than a decade, we will see entirely new business models changing the face of the modern world.last_img read more