Corda v Hyperledger v Quorum v Ethereum v Bitcoin Corda

The Network of Networks, Scalable Interoperability to Unleash the True Potential of Blockchain

The Network of Networks, Scalable Interoperability to Unleash the True Potential of Blockchain
There is not going to be one blockchain to rule them all, each have their own advantages and disadvantages. Interoperability is key to unlocking the true potential of blockchain, where it will have a profound effect across all industries, creating a secure, trusted and hyper-connected world.
The rise of The Networks of Networks, interconnecting all DLT Networks, existing off-chain networks and even the Internet itself. Where true, scalable interoperability can be achieved without requiring connected chains to fork their code and imposing limitations, without the overhead, bottleneck and single point of failure of adding another blockchain in the middle. Where it will be quick, easy and free to participate.
It’s time to stop the childish tribalism that’s plagued this space for so long and realise the bigger picture. Tribes fighting amongst themselves over a tiny insignificant island where there is a whole world out there to conquer if they work together. A rising tide lifts all boats and with the birth of The Network of Networks all connected projects can benefit from the efforts of each other, to usher in Mass adoption of Blockchain.
https://preview.redd.it/wlwj7pmmyoi41.png?width=683&format=png&auto=webp&s=34918b25c8ef6303fc5579666352e8c8c52c4835
In this article I will discuss the foundations that are being laid in preparation for the release of Overledger Network, The Network of Networks to make all of this possible and to unleash the true potential of blockchain with a secure, hyper-connected decentralised ecosystem. Table of Contents:
  1. Overledger SDK Update
  2. Standards
  3. Security
  4. Regulation
  5. Overledger Network
  6. The Five Ingredients of Interoperability
  7. Connecting Blockchain and Non-DLT Applications / Networks to Overledger
  8. Connecting the Internet directly to blockchain
  9. Join your favourite Blockchain project to the Overledger Network Ecosystem

Overledger SDK Update

Quant have just released their Overledger SDK update which has enabled standardisation of objects to abstract and simplify how to interact with different types of blockchains (UXTO and Account-based) in a common model. As well as the ability to directly deploy, invoke and query smart contracts directly through Overledger. I strongly recommend reading the teams Overledger SDK Update which explains it in more detail and includes example use cases of how Overledger is being used and the benefits it brings. Dr Luke Riley also did a fantastic job providing an in-depth demo of the Overledger SDK Update via Video as well.
https://youtu.be/PbpaZpe4mTQ

“This update sets the foundations to build the ecosystem for Overleger Network, allowing stakeholders other than Quant to write any type (DLT and non-DLT) Overledger connectors and sets up the ecosystem with multiple entry points for Overledger Gateways. These updates open up the integration capabilities of Overledger to 3rd parties and create the foundations for the Overledger Network”

Standards

“Trusted standards mean that industry doesn’t need to reinvent the wheel, that innovations will be compatible and work with existing technology, and that products and services will be trusted too. Governments use standards as trusted solutions to complement regulation, and they give peace of mind to consumers who know they are not putting themselves or their families at risk.” — Acting ISO Secretary-General Kevin McKinley
The foundations need to align with internationally recognised standards as they play a crucial role in ensuring interoperability with new and existing technology and validates a product meets the best practices / regulation required to ensure Enterprises remains in compliance. CEO of Quant, Gilbert Verdian, founded the ISO TC 307 standard covering blockchain as a whole, which 56 countries are working towards today.
Countries involved with ISO TC 307 — https://www.iso.org/committee/6266604.html?view=participation
Gilbert Verdian is the chairman for the ISO TC 307 working group for interoperability of blockchain and distributed ledger technology systems as well as being chairman for Blockchain and Distributed Ledger Technology for BSI (British Standards Institution) which represent the UK and includes companies such as Quant, IBM, Microsoft, HSBC, BAE Systems, Huawei as well as a number of UK Government bodies such as BEIS — Department for Business, Energy & Industrial Strategy, Defence Science and Technology and the National Cyber Security Centre.
The standardisation updates to the Overledger SDK aligns with the work in ISO TC 307 and academic work from Dr Paolo Tasca and Dr Claudio Tessone to provide users with a clear distributed ledger data standard. This will enable everyone to easily create connectors in a standard way, facilitating interoperability with all of the connected blockchains / non-DLT networks that are already connected to Overledger through Overledger Gateways.

Security

Cybersecurity is in Quant’s DNA. The team have a rich heritage of working for Governments, banks and industry for over 20 years protecting organisations and people from security threats. Before Quant, Gilbert Verdian was the Chief Information Security Officer for Vocalink (Mastercard) where he was in charge of security for the entire payments infrastructure in the UK (£6 Trillion per year).
Gilbert has led a team determined to take security to another level, protecting a critical part of the UK’s infrastructure, protecting UK citizens and businesses from fraud and risk and, by extension, allowing them to live as they want to. Under Gilbert’s guidance, Vocalink security is not merely best-in-class, but setting a new standard. — https://connect.vocalink.com/2017/july/a-winning-streak/
In addition to Quant being selected as a Guarantor for Pay.UK, Gilbert has also been appointed to the Cybersecurity Advisory Board (Pay.UK is the UK’s leading retail payments authority and runs the UK’s retail payments operations, which includes Bacs, Faster Payments and Cheques.)
The pillars of security are Confidentiality, Integrity and Availability. As such, they have used their experience in running payment and financial infrastructure and critical national infrastructure for nations and embedded these principles into every aspect of Overledger.

Regulation

Regulation is playing an ever increasing role for blockchain. Standards and Security naturally complement and help define regulation. The verticals Quant are involved in with regards to regulation span the globe. Gilbert helped shape the conversation about consumer data protection rights during his time as CISO of NSW Health, and is continuing to serve as a cornerstone for policy within the adoption of blockchain in public infrastructure. Quant serves as a founding member of INATBA (The International Association of Trusted Blockchain Applications), which is the formal governing body of the European Blockchain Partnership, all of which is overseen in Brussels by the EU. More locally, Gilbert and team are in consistent contact with the House of Lords within the UK, and advises the FCA in matters regarding cryptoassets.
https://preview.redd.it/9eynt6jpyoi41.png?width=735&format=png&auto=webp&s=c6073e7717ece1c8b878e02e34c9e359e3282fd7
As recently seen in the SDK update, Overledger can serve as a key component of automatic compliance of governance bodies’ financial regulation, shown here by an Overledger instance reporting to the BoE’s Prudential Regulation Authority. Project BARAC, stewarded by University College London, is a project examining the impact Automatic Regulation as administered by Blockchain can have on the Federal Government. Most notably, the FCA and R3, the developers of Corda, are involved here. Gilbert’s recent engagements with the Federal Reserve Bank of Boston also seem to revolve around this very topic, with the Boston Fed pilot-testing a Supervisor Node for automatic regulatory compliance. While at P2PFISY 2019, it was noted by Gilbert that Raphael Auer’s “Regulation Automata” aligns very well with the vision of Overledger, with Paolo Tasca, former CSO of Quant, more recently co-hosting a recent blockchain panel with him. Raphael’s ideas will most likely be taken into consideration by the BIS, as they recently announced a trial of a 6 central banks collaboration centered around exploring CBDC, and are in the early stages of installing Innovation Hubs in Hong Kong, Switzerland, and Singapore.
Gilbert Verdian with Guy Dietrich (Managing Director at Rockefeller Capital who is also on the Board at Quant) attending a meeting with the Financial Conduct Authority

Overledger Network

https://preview.redd.it/1wgbdybryoi41.png?width=1684&format=png&auto=webp&s=baf87b413947a19e745fcd859c0706a1cf8570b2
The Overledger Network is a network of networks, which allows enterprise and communities stakeholders to access and participate in a growing hyper-connected decentralised ecosystem. Enterprises, banks, central banks, trading venues, etc will be able to host their own secure dedicated gateways, enabling secure connectivity to permissioned networks, permissionless networks, ecosystems, consortia and other distributed technologies. Community members will also be able to run an Overledger gateway to further enhance the scalability, decentralisation and optimise network latency, providing enterprises, developers and users choice to use the closest gateway when accessing permissionless blockchains. The Overledger gateways will create a scalable p2p network that shares the transaction and volume between participants and chooses the closest or largest node to transact with.
As per the example use case in the recent update a Bank can run an Overledger Gateway to provide access to the various consortiums hosted on a variety of blockchains including Corda, Hyperledger Fabric and JP Morgan’s Quorum as well as access to the legacy / non-DLT platforms. Should they want to utilise a public blockchain as well in a hybrid scenario then they also have the option of using a Overledger Gateway hosted by a community member.
https://preview.redd.it/veb0q18syoi41.png?width=1096&format=png&auto=webp&s=c8ea3bedd09e16e548c6da938d50f3b245e18ac6

https://preview.redd.it/r9j1v04tyoi41.png?width=1252&format=png&auto=webp&s=ae9cc70a01f6360550d7f1f00e046d9b801b89a1
The Overledger Gateways contain several layers which we will explore some of their features below:

Overledger Operating System

https://preview.redd.it/9v7rxtmvyoi41.png?width=1197&format=png&auto=webp&s=01c9d6e0a73f595283e3cebeb45b5a6bf484d94d
Overledger allows connection to any blockchain / DAG as well as easily integrating with existing non-DLT environments. It does this without adding the overhead of yet another blockchain / consensus in the middle, ensuring that it’s scalable and doesn’t contain a single point of failure. Nor does it require the connected blockchains to fork their code to integrate and place restrictions on what can be implemented going forward. All of this is done in a secure, trustless manner where transactions are signed and encrypted client side so the contents can’t be viewed / modified as they pass through Overledger. It currently connects all of the leading permissioned and permissionless blockchains used by enterprises today. This article explains the differences between other interoperability solutions and the benefits of Quant’s approach

The Five Ingredients of Interoperability:

Recently there was an interoperability webinar with Fintech connect with speakers such as R3’s CTO Richard Gendal Brown, along with representatives from the Bank of England, Deutsche Boerse, Nasdaq, ArchaxEx and SwissRe. Richard Gendal Brown from R3 wrote about the Five key Ingredients of Interoperability:
https://preview.redd.it/18e9wwq7zoi41.png?width=2356&format=png&auto=webp&s=537b2e70139bb0e70fcd615c497541fc89bba97f
  1. INTEGRATE with existing business systems — Businesses aren’t going to replace their existing applications for new blockchain ones, they need to integrate with their existing systems.
  2. INITIATE Payments on existing rails or blockchain rails — Needs to be able to make a payment / settlement using a wide variety of existing payment rails (off chain) as well as blockchain rails, ensuring delivery vs payment can be achieved with certainty that they have happened.
  3. INTERCHAIN applications and smart contracts that can be deployed / executed across protocols — Enabling a solution built on Corda such as Marco Polo to easily connect to a solution on another platform such as Vakt on Ethereum or CargoSmart on Hyperledger Fabric etc
  4. INTRACHAIN applications that benefit from value add of same underlying protocol — What happens when networks such as Marco Polo and Contour both running on Corda want to interoperate and the additional value and benefit that can be achieved.
  5. INTERCHANGE applications to switch platforms — What happens if you want to interchange one platform for another. Can you achieve that holy grail of interoperability by being able to be completely agnostic to the underlying platform?
Overledger meets all of these key ingredients in performing interoperability. Overledger enables existing business systems to benefit from blockchain connectivity by adding as little as 3 lines of code to their existing applications. No need to completely rewrite / replace their existing systems and all done in the most common programming languages such as Java and JavaScript.
https://preview.redd.it/7jqjt9v8zoi41.png?width=1127&format=png&auto=webp&s=6f40c1ae463d76c6c6b46a9e716e544e06ef3cd4
At QuantX in December they announced Overledger Interchange which enables settlement on a variety of existing non-dlt payment rails such as Faster Payments, BACS, CHAPS, SEPA, SWIFT as well as on DLT payment rails such as with Central Bank Digital Currencies, Stablecoins and XRP. It also facilitates Cross Chain Atomic Swaps using Hash Time Locked Contracts ensuring Delivery vs Payment is achieved. Interchange is at the centre of the discussions Quant has had with traditional exchanges in capital markets and central banks and is a technology financial services have been missing and was built it address client needs.
Overledger enables interoperability within the same ecosystem such as Corda DAPP to another Corda DAPP etc as well as interoperability between any of the connected permissionless and permissioned blockchains.
Quants blockchain agnostic Operating System enables users to benefit from using the best features from different chains in combination and migrate between them, preventing Vendor or Tech Lock in without having to completely rewrite existing applications, achieving the holy grail of interoperability. It enables developers to quickly test a variety of connected blockchains in a sandbox environment to see which is best suited for their requirements, starting with just 3 lines of code.

Transactions Services Layer

https://preview.redd.it/xfthwuz9zoi41.png?width=771&format=png&auto=webp&s=8721b0ae8cff0d8aa11a484ac0ac842e700def0a
The Transaction Services layer handles more complex features of Overledger. Allowing for applications to request services such as cross-chain atomic swaps, treaty contracts (Multi Chain Smart Contracts as well as enabling smart contract functionality even on blockchains that don’t support smart contracts natively such as Bitcoin) and transaction brokering (using heuristic analysis to determine which method is the fastest / cheapest out of the various payment rails)

Financial Services Layer

https://preview.redd.it/4zgt0umazoi41.png?width=740&format=png&auto=webp&s=49a840532d70740a77c00901aafd047311b84229
Financial services features can be called upon by participants and applications to use crosschain and cross-platform. Financial Services specific use cases can use the features in Overledger to operate across networks. This layer provides enhanced privacy and security to regulated entities and institutions who require additional controls to maintain compliance to regulation and security policy. The features of Zero-knowledge Proof and privacy can be mandated for all transactions.

Channels Layer

https://preview.redd.it/ef5z0jbbzoi41.png?width=752&format=png&auto=webp&s=3fd398e0b9917e338fb6c3e0afb477d82dfeb1c8
Channels provide interoperability of services related to digital assets, payments and tokenisation. The Overledger Network allows for participants to transfer interoperate enterprise and institutional issued tokens and assets. Connect to many existing payment rails such as SWIFT, SEPA, Faster Payments etc.
https://preview.redd.it/0u93b51czoi41.png?width=1441&format=png&auto=webp&s=a7ecbf440684a926b66db7273fdba9acfda826d7

Connecting Blockchain and Non-DLT Applications / Networks to Overledger

The connectors to Overledger which grant access to Overledger Network will be open source and soon be made available, allowing for anyone to create a connector and benefit from being part of the ecosystem. Currently the permissionless blockchain space is mostly speculation with little adoption, mainly due to issues that need to be resolved such as scalability, privacy and regulation with permissionless blockchains, however there are some extremely large Enterprises, Banks, Governments, even Central Banks getting heavily involved and going into production albeit mostly in the permissioned blockchain space where such issues are not a problem. Just as each Blockchain has its advantages and disadvantages, parts of Enterprise applications are better suited to Permissioned blockchains (such as more sensitive parts) and permissionless blockchains suited for a higher degree of immutability, thus a Hybrid model requiring interoperability between permissioned, permissionless as well as existing non-DLT applications is required arguably for many years ahead. Just as with cloud computing where everything didn’t suddenly just move up into the cloud, well over a decade later since the birth of the likes of Amazon AWS, hybrid is still very prevalent today with only recently the likes of central banks, banks, governments discussing moving more sensitive workloads to public clouds such as Amazon AWS, Microsoft Azure, Oracle Cloud etc.

SIA, Central Banks, Banks, Trading Venues

Quant Network partnered with SIA, a game changer for mass blockchain adoption by Financial Institutions. SIA is the leading financial network provider in Europe that connects over 570 Banks, Central Banks, Trading Venues (stock exchanges etc) to their infrastructure. They provide a dedicated private network / infrastructure for financial institutions. Every European financial institution will either connect via SIA, in partnership with Colt or via SWIFT (and in many cases they will have connectivity with both) in order to access the Eurosystem Single Market Infrastructure Gateway, granting access to all RTGS, Securities and Instant Payment transactions for Europe.
SIA have integrated Overledger into their private infrastructure covering Europe consisting of 570 supernodes called SIAChain which enables each bank, central Bank, trading venue etc to utilise Overledger for interoperability. Some of the largest deployments of blockchain are happening on SIAChain such as the Spunta project where the entire Italian Banking Sector will be using blockchain and due to go live next month. As well as the “Fideiussioni Digitali” initiative (Digital Sureties) to digitize the management of sureties using blockchain technology with the Central Bank of Italy involved.
Central Bank Digital Currencies are going to play a hugely significant role in the future and there is one central Bank currently testing Overledger and Quant are in discussions with 4 others.
Connecting your blockchain / legacy network to Overledger enables the possibility that it could be used by any of these connected Banks, Central Banks, Trading venues etc in their private network (obviously due to the amount of regulation and critical financial infrastructure the options are going to be limited on what they want to connect).
https://preview.redd.it/ob1vzu7dzoi41.png?width=1336&format=png&auto=webp&s=af9fc79d4749005e60666e3f21cee1a10e9b2275

Oracle

Quant are a Fintech Partner with Oracle, the 2nd largest software company in the world and Oracle are taking Quant’s tech to their clients directly. They have 480,000 clients globally and towards the end of last year Oracle invited Quant to attend Sibos (SWIFT) where they met existing financial services and banking clients and introduced to new ones. By connecting to Overledger this also enables your solution to potentially be used by those 480,000 of Oracle’s global clients.
https://preview.redd.it/rgo9n1ydzoi41.png?width=1220&format=png&auto=webp&s=2521b5968cfb2d8533da0963d3f838b9f518faa5

SIMBA Chain

SIMBA Chain is a cloud-based, smart-contract-as-a-service (SCaaS) platform, enabling users across a variety of skill sets to implement dapps (decentralized applications). The easy-to-use platform is tailored for users, developers, government, and enterprises to quickly deploy blockchain dapps for their enterprise. SIMBA Chain are developing on Quant’s Overledger Blockchain OS to allow them to deploy DAPPs across multiple connected blockchains.
SIMBA Chain have recently been awared a $9.5 million contract with the US Navy, they are also working with the US Air Force. They have a thriving ecosystem with over 1100 Organizations and 650+ Applications developed. Partners include Microsoft, Government Blockchain Association, Air Force Research Laboratory, Caterpillar, SAP and EY. Recently they also integrated Unity 3D plugin for Gaming to enable owning, storing, and managing all personal gaming assets across a variety of blockchains.
These are just a few of the companies that Quant have partnered with directly, but the ecosystem for Overledger Network is the Network of Networks. Every connected blockchain (Bitcoin, Ethereum, Ripple (XRPL), EOS, Stellar, IOTA, DAG, R3’s Corda, Hyperledger Fabric, JP Morgan’s Quorum and other Permissioned Variants of Ethereum) and their associated partners / applications built on them have the ability to connect and interoperate with the other blockchains connected as well as non-DLT networks such as existing payment rails like SWIFT, Faster Payments, SEPA etc. This Network of Network’s effects will grow exponentially as more and more join the ecosystem.
https://preview.redd.it/fd1m5uvezoi41.png?width=590&format=png&auto=webp&s=99c5b1893d851ba1effe7b5e73480c27f3f7973e

Connecting the Internet directly to blockchain

Quant Network are also developing the ability to allow developers to build MAPPs that integrate directly with the internet as well as blockchain data. They will enable this via creating a new IP address for blockchains which they are calling Quant IP which will enable traffic to be routed from an IP connection from the Internet through Overledger to the connected blockchains.
Another Quant product called Seeq is a distributed search engine that is able to search and retrieve data from multiple blockchains and display them via html directly from the blockchain. More details will be released about Seeq later this year.
Connecting the Internet directly to blockchain will allow websites to be natively created and served directly from blockchains, without the need to have, run and maintain web servers, web services, SSL certificates etc and all running in a completely trusted, extremely resilient / tamperproof environment. The implications of this are enormous and more details will be released by the team later on this exciting prospect. By connecting your blockchain to Overledger you will also be able to benefit from this.

Join your favourite Blockchain project to the Overledger Network Ecosystem

Instead of the current mentality of having the main focus for many projects of listing on exchanges for vast sums of money, why not spend a little time (connectors can be created in as little as a week of development and don’t necessarily even need to be created by the team themselves) and make your blockchain / non-DLT application available to be used by all existing enterprises / members. Not only that but if you also run an Overledger Gateway connecting your blockchain node you also benefit from the transaction fees of the traffic going to it. The connectors are open source and completely free to connect and now with the standardisation of Objects in the recent SDK update the foundations are in place for the launch of Overledger Network with an ETA of Q2 2020. If you would like your favourite blockchain project to interoperate and be part of the ecosystem to further adoption then make the relevant people aware and keep an eye out for further details released in the future.

https://medium.com/@CryptoSeq/the-network-of-networks-scalable-interoperability-to-unleash-the-true-potential-of-blockchain-c54e7d373d2d

Thanks to community member Ghost of St. Miklos for contributing the section about regulation as well as Sonic for proofreading.
You can find more about Overledger Network as well as the token utility — here and community member David W. wrote an excellent article “A deeper look into the Quant Network Utility Token (QNT) valuation dynamics and fundamentals”
What is a blockchain operating system and what are the benefits? Introducing Overledger from Quant Network.
Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading
Large Enterprise Adoption of Blockchain is happening, enabled by Quant Network’s Overledger
As well as an 8 Part Series taking an indepth look at Overledger starting with Part 1
submitted by xSeq22x to QuantNetwork [link] [comments]

The Network of Networks, Scalable Interoperability to Unleash the True Potential of Blockchain

The Network of Networks, Scalable Interoperability to Unleash the True Potential of Blockchain
There is not going to be one blockchain to rule them all, each have their own advantages and disadvantages. Interoperability is key to unlocking the true potential of blockchain, where it will have a profound effect across all industries, creating a secure, trusted and hyper-connected world.
The rise of The Networks of Networks, interconnecting all DLT Networks, existing off-chain networks and even the Internet itself. Where true, scalable interoperability can be achieved without requiring connected chains to fork their code and imposing limitations, without the overhead, bottleneck and single point of failure of adding another blockchain in the middle. Where it will be quick, easy and free to participate.
It’s time to stop the childish tribalism that’s plagued this space for so long and realise the bigger picture. Tribes fighting amongst themselves over a tiny insignificant island where there is a whole world out there to conquer if they work together. A rising tide lifts all boats and with the birth of The Network of Networks all connected projects can benefit from the efforts of each other, to usher in Mass adoption of Blockchain.
https://preview.redd.it/m90f8021woi41.png?width=683&format=png&auto=webp&s=2b0feff5cd976d80472cbdc6f9694aaa76ba0b3f
In this article I will discuss the foundations that are being laid in preparation for the release of Overledger Network, The Network of Networks to make all of this possible and to unleash the true potential of blockchain with a secure, hyper-connected decentralised ecosystem. Table of Contents:
  1. Overledger SDK Update
  2. Standards
  3. Security
  4. Regulation
  5. Overledger Network
  6. The Five Ingredients of Interoperability
  7. Connecting Blockchain and Non-DLT Applications / Networks to Overledger
  8. Connecting the Internet directly to blockchain
  9. Join your favourite Blockchain project to the Overledger Network Ecosystem

Overledger SDK Update

Quant have just released their Overledger SDK update which has enabled standardisation of objects to abstract and simplify how to interact with different types of blockchains (UXTO and Account-based) in a common model. As well as the ability to directly deploy, invoke and query smart contracts directly through Overledger. I strongly recommend reading the teams Overledger SDK Update which explains it in more detail and includes example use cases of how Overledger is being used and the benefits it brings. Dr Luke Riley also did a fantastic job providing an in-depth demo of the Overledger SDK Update via Video as well.
https://youtu.be/PbpaZpe4mTQ

“This update sets the foundations to build the ecosystem for Overleger Network, allowing stakeholders other than Quant to write any type (DLT and non-DLT) Overledger connectors and sets up the ecosystem with multiple entry points for Overledger Gateways. These updates open up the integration capabilities of Overledger to 3rd parties and create the foundations for the Overledger Network”

Standards

“Trusted standards mean that industry doesn’t need to reinvent the wheel, that innovations will be compatible and work with existing technology, and that products and services will be trusted too. Governments use standards as trusted solutions to complement regulation, and they give peace of mind to consumers who know they are not putting themselves or their families at risk.” — Acting ISO Secretary-General Kevin McKinley
The foundations need to align with internationally recognised standards as they play a crucial role in ensuring interoperability with new and existing technology and validates a product meets the best practices / regulation required to ensure Enterprises remains in compliance. CEO of Quant, Gilbert Verdian, founded the ISO TC 307 standard covering blockchain as a whole, which 56 countries are working towards today.
Countries involved with ISO TC 307 — https://www.iso.org/committee/6266604.html?view=participation
Gilbert Verdian is the chairman for the ISO TC 307 working group for interoperability of blockchain and distributed ledger technology systems as well as being chairman for Blockchain and Distributed Ledger Technology for BSI (British Standards Institution) which represent the UK and includes companies such as Quant, IBM, Microsoft, HSBC, BAE Systems, Huawei as well as a number of UK Government bodies such as BEIS — Department for Business, Energy & Industrial Strategy, Defence Science and Technology and the National Cyber Security Centre.
The standardisation updates to the Overledger SDK aligns with the work in ISO TC 307 and academic work from Dr Paolo Tasca and Dr Claudio Tessone to provide users with a clear distributed ledger data standard. This will enable everyone to easily create connectors in a standard way, facilitating interoperability with all of the connected blockchains / non-DLT networks that are already connected to Overledger through Overledger Gateways.

Security

Cybersecurity is in Quant’s DNA. The team have a rich heritage of working for Governments, banks and industry for over 20 years protecting organisations and people from security threats. Before Quant, Gilbert Verdian was the Chief Information Security Officer for Vocalink (Mastercard) where he was in charge of security for the entire payments infrastructure in the UK (£6 Trillion per year).
Gilbert has led a team determined to take security to another level, protecting a critical part of the UK’s infrastructure, protecting UK citizens and businesses from fraud and risk and, by extension, allowing them to live as they want to. Under Gilbert’s guidance, Vocalink security is not merely best-in-class, but setting a new standard. — https://connect.vocalink.com/2017/july/a-winning-streak/
In addition to Quant being selected as a Guarantor for Pay.UK, Gilbert has also been appointed to the Cybersecurity Advisory Board (Pay.UK is the UK’s leading retail payments authority and runs the UK’s retail payments operations, which includes Bacs, Faster Payments and Cheques.)
The pillars of security are Confidentiality, Integrity and Availability. As such, they have used their experience in running payment and financial infrastructure and critical national infrastructure for nations and embedded these principles into every aspect of Overledger.

Regulation

Regulation is playing an ever increasing role for blockchain. Standards and Security naturally complement and help define regulation. The verticals Quant are involved in with regards to regulation span the globe. Gilbert helped shape the conversation about consumer data protection rights during his time as CISO of NSW Health, and is continuing to serve as a cornerstone for policy within the adoption of blockchain in public infrastructure. Quant serves as a founding member of INATBA (The International Association of Trusted Blockchain Applications), which is the formal governing body of the European Blockchain Partnership, all of which is overseen in Brussels by the EU. More locally, Gilbert and team are in consistent contact with the House of Lords within the UK, and advises the FCA in matters regarding cryptoassets.
https://preview.redd.it/oqdtejxpwoi41.png?width=735&format=png&auto=webp&s=874278a25adf7ed76f2c0d78a78898bc904e1780
As recently seen in the SDK update, Overledger can serve as a key component of automatic compliance of governance bodies’ financial regulation, shown here by an Overledger instance reporting to the BoE’s Prudential Regulation Authority. Project BARAC, stewarded by University College London, is a project examining the impact Automatic Regulation as administered by Blockchain can have on the Federal Government. Most notably, the FCA and R3, the developers of Corda, are involved here. Gilbert’s recent engagements with the Federal Reserve Bank of Boston also seem to revolve around this very topic, with the Boston Fed pilot-testing a Supervisor Node for automatic regulatory compliance. While at P2PFISY 2019, it was noted by Gilbert that Raphael Auer’s “Regulation Automata” aligns very well with the vision of Overledger, with Paolo Tasca, former CSO of Quant, more recently co-hosting a recent blockchain panel with him. Raphael’s ideas will most likely be taken into consideration by the BIS, as they recently announced a trial of a 6 central banks collaboration centered around exploring CBDC, and are in the early stages of installing Innovation Hubs in Hong Kong, Switzerland, and Singapore.
Gilbert Verdian with Guy Dietrich (Managing Director at Rockefeller Capital who is also on the Board at Quant) attending a meeting with the Financial Conduct Authority

Overledger Network

https://preview.redd.it/ixxeqbfywoi41.png?width=1684&format=png&auto=webp&s=cc91a25af64cfb09b550344893adcc7dad3837af
The Overledger Network is a network of networks, which allows enterprise and communities stakeholders to access and participate in a growing hyper-connected decentralised ecosystem. Enterprises, banks, central banks, trading venues, etc will be able to host their own secure dedicated gateways, enabling secure connectivity to permissioned networks, permissionless networks, ecosystems, consortia and other distributed technologies. Community members will also be able to run an Overledger gateway to further enhance the scalability, decentralisation and optimise network latency, providing enterprises, developers and users choice to use the closest gateway when accessing permissionless blockchains. The Overledger gateways will create a scalable p2p network that shares the transaction and volume between participants and chooses the closest or largest node to transact with.
As per the example use case in the recent update a Bank can run an Overledger Gateway to provide access to the various consortiums hosted on a variety of blockchains including Corda, Hyperledger Fabric and JP Morgan’s Quorum as well as access to the legacy / non-DLT platforms. Should they want to utilise a public blockchain as well in a hybrid scenario then they also have the option of using a Overledger Gateway hosted by a community member.
https://preview.redd.it/b1bx8wm0xoi41.png?width=1096&format=png&auto=webp&s=e70a9ce6c8c42aa880e0b9d1fe8ab4f3b453867e
https://preview.redd.it/8a8c13k1xoi41.png?width=1252&format=png&auto=webp&s=02cd33a79487a2a74af8a2d0f0831c06d5f62005
The Overledger Gateways contain several layers which we will explore some of their features below:

Overledger Operating System

https://preview.redd.it/7hvr91d4xoi41.png?width=1197&format=png&auto=webp&s=6e6c9b38c6e0ce133f8916bab08aad3d6b218051
Overledger allows connection to any blockchain / DAG as well as easily integrating with existing non-DLT environments. It does this without adding the overhead of yet another blockchain / consensus in the middle, ensuring that it’s scalable and doesn’t contain a single point of failure. Nor does it require the connected blockchains to fork their code to integrate and place restrictions on what can be implemented going forward. All of this is done in a secure, trustless manner where transactions are signed and encrypted client side so the contents can’t be viewed / modified as they pass through Overledger. It currently connects all of the leading permissioned and permissionless blockchains used by enterprises today. This article explains the differences between other interoperability solutions and the benefits of Quant’s approach

The Five Ingredients of Interoperability:

Recently there was an interoperability webinar with Fintech connect with speakers such as R3’s CTO Richard Gendal Brown, along with representatives from the Bank of England, Deutsche Boerse, Nasdaq, ArchaxEx and SwissRe. Richard Gendal Brown from R3 wrote about the Five key Ingredients of Interoperability:
https://preview.redd.it/l6edi3a9xoi41.png?width=2356&format=png&auto=webp&s=2f9129d9b61ba0a083e264222fc7df2dd0a2256c
  1. INTEGRATE with existing business systems — Businesses aren’t going to replace their existing applications for new blockchain ones, they need to integrate with their existing systems.
  2. INITIATE Payments on existing rails or blockchain rails — Needs to be able to make a payment / settlement using a wide variety of existing payment rails (off chain) as well as blockchain rails, ensuring delivery vs payment can be achieved with certainty that they have happened.
  3. INTERCHAIN applications and smart contracts that can be deployed / executed across protocols — Enabling a solution built on Corda such as Marco Polo to easily connect to a solution on another platform such as Vakt on Ethereum or CargoSmart on Hyperledger Fabric etc
  4. INTRACHAIN applications that benefit from value add of same underlying protocol — What happens when networks such as Marco Polo and Contour both running on Corda want to interoperate and the additional value and benefit that can be achieved.
  5. INTERCHANGE applications to switch platforms — What happens if you want to interchange one platform for another. Can you achieve that holy grail of interoperability by being able to be completely agnostic to the underlying platform?
Overledger meets all of these key ingredients in performing interoperability. Overledger enables existing business systems to benefit from blockchain connectivity by adding as little as 3 lines of code to their existing applications. No need to completely rewrite / replace their existing systems and all done in the most common programming languages such as Java and JavaScript.
https://preview.redd.it/9whqtamdxoi41.png?width=1127&format=png&auto=webp&s=1bdf408f7fe76a9fdd313ef2bc3032982d42c371
At QuantX in December they announced Overledger Interchange which enables settlement on a variety of existing non-dlt payment rails such as Faster Payments, BACS, CHAPS, SEPA, SWIFT as well as on DLT payment rails such as with Central Bank Digital Currencies, Stablecoins and XRP. It also facilitates Cross Chain Atomic Swaps using Hash Time Locked Contracts ensuring Delivery vs Payment is achieved. Interchange is at the centre of the discussions Quant has had with traditional exchanges in capital markets and central banks and is a technology financial services have been missing and was built it address client needs.
Overledger enables interoperability within the same ecosystem such as Corda DAPP to another Corda DAPP etc as well as interoperability between any of the connected permissionless and permissioned blockchains.
Quants blockchain agnostic Operating System enables users to benefit from using the best features from different chains in combination and migrate between them, preventing Vendor or Tech Lock in without having to completely rewrite existing applications, achieving the holy grail of interoperability. It enables developers to quickly test a variety of connected blockchains in a sandbox environment to see which is best suited for their requirements, starting with just 3 lines of code.

Transactions Services Layer

https://preview.redd.it/swjgywqhxoi41.png?width=771&format=png&auto=webp&s=ce59d63936b6c67b27173ba8655996c28421641c
The Transaction Services layer handles more complex features of Overledger. Allowing for applications to request services such as cross-chain atomic swaps, treaty contracts (Multi Chain Smart Contracts as well as enabling smart contract functionality even on blockchains that don’t support smart contracts natively such as Bitcoin) and transaction brokering (using heuristic analysis to determine which method is the fastest / cheapest out of the various payment rails)

Financial Services Layer

https://preview.redd.it/r1v1u3tkxoi41.png?width=740&format=png&auto=webp&s=8836c2cba3370d784601cbc97c98a29172581da6
Financial services features can be called upon by participants and applications to use crosschain and cross-platform. Financial Services specific use cases can use the features in Overledger to operate across networks. This layer provides enhanced privacy and security to regulated entities and institutions who require additional controls to maintain compliance to regulation and security policy. The features of Zero-knowledge Proof and privacy can be mandated for all transactions.

Channels Layer

https://preview.redd.it/5m5pwjaoxoi41.png?width=752&format=png&auto=webp&s=d5e2fbfb47042067d2c35ab8796474a3209152a4
Channels provide interoperability of services related to digital assets, payments and tokenisation. The Overledger Network allows for participants to transfer interoperate enterprise and institutional issued tokens and assets. Connect to many existing payment rails such as SWIFT, SEPA, Faster Payments etc.
Overledger Network — Network of Networks

Connecting Blockchain and Non-DLT Applications / Networks to Overledger

The connectors to Overledger which grant access to Overledger Network will be open source and soon be made available, allowing for anyone to create a connector and benefit from being part of the ecosystem. Currently the permissionless blockchain space is mostly speculation with little adoption, mainly due to issues that need to be resolved such as scalability, privacy and regulation with permissionless blockchains, however there are some extremely large Enterprises, Banks, Governments, even Central Banks getting heavily involved and going into production albeit mostly in the permissioned blockchain space where such issues are not a problem. Just as each Blockchain has its advantages and disadvantages, parts of Enterprise applications are better suited to Permissioned blockchains (such as more sensitive parts) and permissionless blockchains suited for a higher degree of immutability, thus a Hybrid model requiring interoperability between permissioned, permissionless as well as existing non-DLT applications is required arguably for many years ahead. Just as with cloud computing where everything didn’t suddenly just move up into the cloud, well over a decade later since the birth of the likes of Amazon AWS, hybrid is still very prevalent today with only recently the likes of central banks, banks, governments discussing moving more sensitive workloads to public clouds such as Amazon AWS, Microsoft Azure, Oracle Cloud etc.

SIA, Central Banks, Banks, Trading Venues

Quant Network partnered with SIA, a game changer for mass blockchain adoption by Financial Institutions. SIA is the leading financial network provider in Europe that connects over 570 Banks, Central Banks, Trading Venues (stock exchanges etc) to their infrastructure. They provide a dedicated private network / infrastructure for financial institutions. Every European financial institution will either connect via SIA, in partnership with Colt or via SWIFT (and in many cases they will have connectivity with both) in order to access the Eurosystem Single Market Infrastructure Gateway, granting access to all RTGS, Securities and Instant Payment transactions for Europe.
SIA have integrated Overledger into their private infrastructure covering Europe consisting of 570 supernodes called SIAChain which enables each bank, central Bank, trading venue etc to utilise Overledger for interoperability. Some of the largest deployments of blockchain are happening on SIAChain such as the Spunta project where the entire Italian Banking Sector will be using blockchain and due to go live next month. As well as the “Fideiussioni Digitali” initiative (Digital Sureties) to digitize the management of sureties using blockchain technology with the Central Bank of Italy involved.
Central Bank Digital Currencies are going to play a hugely significant role in the future and there is one central Bank currently testing Overledger and Quant are in discussions with 4 others.
Connecting your blockchain / legacy network to Overledger enables the possibility that it could be used by any of these connected Banks, Central Banks, Trading venues etc in their private network (obviously due to the amount of regulation and critical financial infrastructure the options are going to be limited on what they want to connect).
https://preview.redd.it/pmbmsyauxoi41.png?width=1336&format=png&auto=webp&s=a9f3dc1d5df4300207605c01838bf86bb6c1fd80

Oracle

Quant are a Fintech Partner with Oracle, the 2nd largest software company in the world and Oracle are taking Quant’s tech to their clients directly. They have 480,000 clients globally and towards the end of last year Oracle invited Quant to attend Sibos (SWIFT) where they met existing financial services and banking clients and introduced to new ones. By connecting to Overledger this also enables your solution to potentially be used by those 480,000 of Oracle’s global clients.

https://preview.redd.it/1zz702ywxoi41.png?width=1220&format=png&auto=webp&s=f56f2b9257ae6c4b2357c58339061e24da4933b3

SIMBA Chain

SIMBA Chain is a cloud-based, smart-contract-as-a-service (SCaaS) platform, enabling users across a variety of skill sets to implement dapps (decentralized applications). The easy-to-use platform is tailored for users, developers, government, and enterprises to quickly deploy blockchain dapps for their enterprise. SIMBA Chain are developing on Quant’s Overledger Blockchain OS to allow them to deploy DAPPs across multiple connected blockchains.
SIMBA Chain have recently been awared a $9.5 million contract with the US Navy, they are also working with the US Air Force. They have a thriving ecosystem with over 1100 Organizations and 650+ Applications developed. Partners include Microsoft, Government Blockchain Association, Air Force Research Laboratory, Caterpillar, SAP and EY. Recently they also integrated Unity 3D plugin for Gaming to enable owning, storing, and managing all personal gaming assets across a variety of blockchains.
These are just a few of the companies that Quant have partnered with directly, but the ecosystem for Overledger Network is the Network of Networks. Every connected blockchain (Bitcoin, Ethereum, Ripple (XRPL), EOS, Stellar, IOTA, DAG, R3’s Corda, Hyperledger Fabric, JP Morgan’s Quorum and other Permissioned Variants of Ethereum) and their associated partners / applications built on them have the ability to connect and interoperate with the other blockchains connected as well as non-DLT networks such as existing payment rails like SWIFT, Faster Payments, SEPA etc. This Network of Network’s effects will grow exponentially as more and more join the ecosystem.

https://preview.redd.it/x5t16hazxoi41.png?width=590&format=png&auto=webp&s=71cd81b0781b082fa6c8a4470ffc9325d08ed0f5

Connecting the Internet directly to blockchain

Quant Network are also developing the ability to allow developers to build MAPPs that integrate directly with the internet as well as blockchain data. They will enable this via creating a new IP address for blockchains which they are calling Quant IP which will enable traffic to be routed from an IP connection from the Internet through Overledger to the connected blockchains.
Another Quant product called Seeq is a distributed search engine that is able to search and retrieve data from multiple blockchains and display them via html directly from the blockchain. More details will be released about Seeq later this year.
Connecting the Internet directly to blockchain will allow websites to be natively created and served directly from blockchains, without the need to have, run and maintain web servers, web services, SSL certificates etc and all running in a completely trusted, extremely resilient / tamperproof environment. The implications of this are enormous and more details will be released by the team later on this exciting prospect. By connecting your blockchain to Overledger you will also be able to benefit from this.

Join your favourite Blockchain project to the Overledger Network Ecosystem

Instead of the current mentality of having the main focus for many projects of listing on exchanges for vast sums of money, why not spend a little time (connectors can be created in as little as a week of development and don’t necessarily even need to be created by the team themselves) and make your blockchain / non-DLT application available to be used by all existing enterprises / members. Not only that but if you also run an Overledger Gateway connecting your blockchain node you also benefit from the transaction fees of the traffic going to it. The connectors are open source and completely free to connect and now with the standardisation of Objects in the recent SDK update the foundations are in place for the launch of Overledger Network with an ETA of Q2 2020. If you would like your favourite blockchain project to interoperate and be part of the ecosystem to further adoption then make the relevant people aware and keep an eye out for further details released in the future.

https://medium.com/@CryptoSeq/the-network-of-networks-scalable-interoperability-to-unleash-the-true-potential-of-blockchain-c54e7d373d2d

Thanks to community member Ghost of St. Miklos for contributing the section about regulation as well as Sonic for proofreading.
You can find more about Overledger Network as well as the token utility — here and community member David W. wrote an excellent article “A deeper look into the Quant Network Utility Token (QNT) valuation dynamics and fundamentals”
What is a blockchain operating system and what are the benefits? Introducing Overledger from Quant Network.
Wall Street 2.0: How Blockchain will revolutionise Wall Street and a closer look at Quant Network’s Partnership with AX Trading
Large Enterprise Adoption of Blockchain is happening, enabled by Quant Network’s Overledger
As well as an 8 Part Series taking an indepth look at Overledger starting with Part 1
submitted by xSeq22x to CryptoCurrency [link] [comments]

Perspectives on each of the TOP 10 cryptos -- your thoughts?

DISCLAIMER: These are obviously just my personal thoughts, and everyone is free to have differing views. I've held eight out of ten of these over the past years, but at the moment hold just four. Hopefully this post could serve as a discussion starter, with different people sharing their analytically/rationally justified arguments for being bullish/bearish on different cryptos.
BITCOIN. The coin that started it all and got most of us interested in cryptocurrencies to begin with. The hands-down leader in adoption, and very robust in doing what it's doing. I'm not bearish on Bitcoin, as such, and I think as a distributed/democratic store of value it certainly has its place for the long term. What I don't like are the political battles between Bitcoin Core/Blockstream and the miners, neither of which really is objectively looking after just the interests of the common people. One can also criticize Bitcoin for the high fees and scalability challenges, but over long enough a period, the challenges are fundamentally the same for any other blockchain-based currency. In summary, I'm not loving the governance setup and thereby the slowish technological progress, but nevertheless think Bitcoin is here to stay.
ETHEREUM. A highly disruptive force across industries, unlocking massive potential in enterprises around industrial-scale automation, trust, robustness etc. The EEA is fantastic, and the investment into Ethereum-based development across large enterprises is just unparalleled. And I like the stronger leadership, which enables the technology to move ahead faster than Bitcoin. Yes, I love Ethereum, and really my only bigger question regarding the long-term value of Ethereum tokens is how much of the large-scale development will use ETH as is vs. having a solution based on the technology that is Ethereum, but not using the standard token (which is my main criticism towards Ripple).
RIPPLE. Highly targeted to unlock significant efficiency gains from using blockchain in banks, and would certainly expect it to get traction, as such. My main reservation -- and it's a big one -- is how much of the adoption will actually use the XRP token vs. just use the technology as a protocol, but not the token. In the latter scenario, the protocol itself could become as widely adopted as let's say TCP/IP (as maybe an absurdly extreme example), but the inventors of the protocol would really not get much benefit -- apart from maybe consulting and system integration business with the banks, I suppose similarly what IBM's business model is with HyperLedger -- while investors in the token would get pretty much nothing.
BITCOIN CASH. OK, how to put this... I suppose most of us liked getting some extra cash for our Bitcoins, but seriously, what is the long-term sustainability of BCH? Virtually all the developers went with Bitcoin, and the only real backers are a few (if not just one?) big miners. This is not a sustainable model for the long term. Sorry to be blunt, and happy to be proven otherwise with sound well-thought arguments.
LITECOIN. The silver to Bitcoin's gold, as they say. Yeah, I think that's true in many ways. And I like Charlie Lee and that due the stronger leadership Litecoin is able to move faster technologically than Bitcoin, but... on balance, being the 'little brother' of Bitcoin doesn't seem like a long-term viable value proposition. Let's say Bitcoin implements all the stuff they've planned on implementing, the Lightning Network and all that -- why would someone use Litecoin? There are network effects, and in large-scale deployment where your parents and cousins are using cryptocurrencies every day, the economies of scale (incl. stability) would favor the leader. So, I think Litecoin is a nice project, but don't see what its unique long-term value proposition is.
DASH: I apologize up front, I haven't really studied Dash in any great detail, but my impression is that what they're good at is marketing (incl. the somewhat catchy name) and driving adoption. Technologically, I don't see anything here that would make Dash competitive long-term -- not in terms of the technological vision nor a highly competent team (similar to Bitcoin Core, the Ethereum team and EEA, or on a smaller scale the IOTA team and the caliber of people they are bringing in). Again, I'm sorry if this was blunt, and happy to be proven wrong -- with facts and well-founded analytical/rational arguments.
NEM: I don't know too much about NEM, but what I have seen looks kind of good, to be honest. What I think the team is lacking the most is what Dash has in abundance: marketing savvy. The team is making good progress in adoption and the tech seems sound. On the other hand, "New Economy Movement" is not really the sexiest of names, and in general people don't quite seem to even know about the project, and the trading volumes of NEM have typically been the lowest of the TOP 10 cryptos. I would love to know more about NEM, and would be great to see the team get the project more into limelight and really onto the arena so that it's pros and cons vs. the other cryptos would be debated more.
MONERO: I've liked Monero for some time. However, as far as I know, it's main value proposition has been anonymity, and as other cryptos also implement similar mechanisms, I wonder what Monero's long-term value proposition and raison d'etre is. Keen to hear other people's thoughts on this. As a side note, which is not a criticism towards Monero itself, but more the community, is that as the value of Monero has been pushed up over the past few months largely driven by listing on the (highly gambling-oriented) Korean exchanges, there is a fair amount of "Monero is great because the value went up and therefore I bought into it also" kind of thinking. Again, not a criticism towards Monero itself, but when commenting why you think Monero is a great technology and has unique value-add for the long-term, please let's stick to real solid arguments.
IOTA. The project that seems to be sparking a lot of debate recently, incl. somewhat dirty tactics from people affiliated in competing projects masquerading as neutral/independent researchers. Anyway. What is unique about IOTA is that it's zero fee. That is highly, highly disruptive. Also, the tech has no limitation in tx/sec -- apart from speed of networks and economical cost of storage, the physical realities any technology has to deal with, of course, but no limitation similar to the block size with Bitcoin etc. The technology has also been designed to have quantum-resistant security, but as far as I know also other initiatives like Ethereum will implement similar mechanisms over time. But nothing else is really zero fee, not even any of the other DAG-based projects. This is massive. Now, let's be clear: IOTA is still in early development, and the team is aiming for production grade in 2018. They still have the Coordinator as 'training wheels' for the system, they had the somewhat funky/ballsy copy-protection mechanism in place, etc. And some of the key guys can be a bit edgy or borderline arrogant if challenged with incomplete facts/context/logic. That's all fair. But the bottom line for me is that the technology holds massive potential, and hence the key question is whether they have and are building the team to deliver on this vision. I have high confidence in the edgy-yet-capable core team, and the people they are bringing in are very impressive from top-notch researchers to folks like the former CIO of SAP and UBS.
NEO. I used to be more sceptical and critical about NEO, or Antshares, as it used to be called. It's been dubbed the 'Ethereum killer from China'. Well, based on what I know, it's certainly no Ethereum today -- nor do I see it as more of a threat to Ethereum than let's say Baidu has been a 'Google killer'. Having said that, the comparison also surfaces why I'm increasingly liking NEO. China is a special market. Which explains also the recent 'bans' on ICOs, exchanges, etc. -- and why Westerners often interpret these moves wrong and then over-react. But that's another story. Anyway, as China puts some regulation in place to protect its people from outright scams, local front-runners like NEO will certainly benefit, I would expect. And China will want to have its iconic leaders also in this tech, similarly as they've wanted to have in the Internet wave in the form of the Baidu, Tencent, Alibaba, etc. So, while NEO isn't technologically really in a place to compete head-to-head with Ethereum today, I think it has potential to become something significant over time. Because China.
Thanks for reading! Look forward to any comments -- but let's keep things civil. And don't be offended if I don't respond to comments; time is limited, and would really hope the discussion to take off between different contributors rather than a one-to-many debate.
submitted by DragonSorbet to CryptoCurrency [link] [comments]

I've put together a post that has, what I think, is all the possible (english) information on SmartContainers' ICO out there

Okay, so this is going to be really long in terms of posts here. I actually have to cut out some info to make it under 40000 characters for reddit...
Typically in the market there are Currency and Utility coins. Profit-Share Tokens are relatively new, and while this ICO has 2 tokens, the profit share token is definitely the main attraction, as it's tied to a very, very promising company. This company is SmartContainers Group, and their tokens are SMARC (profit-share token) and LOGI (more on LOGI later).
“Smart Containers Group, formerly REP AG (Swiss registry of commerce, UID: CHE- 141.664.882), is a Swiss based, high tech company that provides the safest temperature controlled containers to transport sensitive pharma goods and food around the world. Our purpose is to secure sensitive goods and to make sure no compromised product is ever delivered to anyone.” - whitepaper

Product

SmartContainers Group is a holding company for SkyCell.
SkyCell is the company Smart Containers Group uses to rent/sell their containers to clients around the world.
Our containers transport some of the most expensive and temperature-sensitive goods in the pharmaceutical industry. These goods need a particularly careful and accurate protection. Through our highly secure and efficient container design, we assure the best possible protection against temperature excursions. In combination with a cutting-edge technology, it enables us to provide containers with easy handling, maximum loading capacity and highest performance on the market.
More than 50 man-years of research and development poured into the creation of an unprecedented, highly efficient insulation. This cutting-edge technology reflects a maximum of radiation while minimizing heat conducting. It is the most patent protected insulation technology on the market.
The ingenious SkyCell R&D team invented a completely new, cooling technology, that stores five times more energy than traditional methods to keep the container at a steady temperature. Consequently, SkyCell containers are automatically recharged in a cooling chamber without any manual interference. Nothing can be mixed up since all parts are integrated and fixed.
The ingenious SkyCell R&D team invented a completely new, cooling technology, that stores five times more energy than traditional methods to keep the container at a steady temperature.
 
“oh, our product needs better cooling? Okay, let’s just invent a better cooling technology, no biggie”. Who heads that team, Rick Sanchez?
I asked about this tech during their AMA, here's what they said:
Cooling technology: Yes, our containers are state of the art. Nico has developed a cooling material that freezes at 5.5°C. So if you put it in a cooling chamber that has a lower temperature, it automatically freezes and if the temperature is higher it melts. Basically, the system works like a huge ice cube that is empty in the middle. The centre of the ice cube has a steady temperature of 0° until at least 1 side of the ice cube has melted. It's the same principle for SkyCell containers, but at 5.5°C
 
The patented-in house developed cooling technology stores five times more energy than traditional methods to keep the container at a consistent temperature. After use, they are ‘recharged’ in a cooling chamber without any need for manual intervention, increasing productivity of the business and reducing cost.
I’ve forgotten to mention something so far about their product [the containers]. They’re literally (not figuratively, literally) the most advanced container ON EARTH.
 
From their ICO FAQ: Where do you position yourself compared to Envirotainer? Envirotainer is the number one container company with the largest container fleet today. We are currently fourth globally, but we reached this position in less than 5 years operating in this space. SkyCell containers have been tested and shown to be technologically superior to Envirotainer containers (5x more runtime, up to 35% lighter) which translates into safer pharma distribution and cost savings as well as a reduced CO2 footprint.
 
We are currently fourth globally, but we reached this position in less than 5 years operating in this space.
 
Another thing that’s pretty impressive, 4th largest company in their entire field… after just 5 years… but back to the main point of that statement: “SkyCell containers have been tested and shown to be technologically superior to Envirotainer containers (5x more runtime, up to 35% lighter) which translates into safer pharma distribution and cost savings as well as a reduced CO2 footprint.”.
 
Watching a video from a blockchain conference in Switzerland, I got a fair bit of info from the CEO, Richard. I’ll be quoting him in that video a few times in this post, and here’s the first: “In my industry, we talk about how many shipments go wrong - and the average is 8.5%. So for 8.5% of pharma shipments for example, the [proper] temperature is not maintained. In our case [with Smart Containers], it’s less than 0.1%. That’s 75 times better. Richard also speaks in this video about how they will be able to eliminate the amount of shipments happening every year, due to the decentralized nature of this whole system, there will be less need to send packages to places far from their end destination, to make the delivery easier on the shipping side. We’ve all had packages come from across the ocean, only for it to fly 1500 Km past us to be shipped back our way next week…
 

LogiChain

”There are 200 documents are required, or exchanged, to make one shipment happen… we estimate we can bring this down to 8” Richard Ettl, CEO
Logistics is an old industry. it started out on paper, moved through the fax, early ages of the information era, early email, current email, and is now ready to move onto the blockchain.
LOGI CHAIN GOALS
 
“By using blockchain technology, we can decentralize logistics and create autonomous containers – container 4.0. This container will know who’s renting it, when the contract ends and when to invoice the customer. That’s why we’ve created the LOGI CHAIN platform. It allows us to create a seamless, fully integrated, digital logistics process that everyone can use for free.” - Richard Ettl, CEO
“Well-established processes often generate inefficiencies that we simply accept. And of course everyone knows change is painful. But at Smart Containers, we see things differently. Change is the only way to improve. We think that every process should not only be optimized but redefined and redesigned. Logistics today is highly centralized. It’s incredibly inefficient. So many wasted kilometers to huge warehouses.” Nico Ros, CTO
 
There will be more than one blockchain at play with this system as well. The info that people deserve to know will be available on a public blockchain like Ethereum, the weight, material safety data sheets, the storage conditions (which as said up above, 8.5% of pharma shipments have issues with, and Smart Containers brings that down to below 0.1%), as well as at the same time, the info that shouldn’t be public to everyone (Bills, invoices, etc) would be stored on a blockchain like Fabric or HyperLedger. LOGI will be the fuel for the LOGI Chain.
CMO Carla elaborating on LogiChain:
The LOGI project finds good echoes with logistics players but even more with blockchain infrastructures like NEM, EOS and NEO.
Emirates for once was enthusiastic about the project and definitely wants to join the foundation. As you know, the government of Dubai is focussing on applying blockchain asap to multiple industries.
We are also in exchange with ShipChain, who are running a similar project in the US. Our goal is to collaborate with a maximum of projects around the world.
The LOGI Chain Foundation will be set up in July, right at the end of the ICO. Dr. Fabian Schär, our valued Advisor, will be in charge of defining how the LOGI Chain Foundation will develop in the next 2-3 years. We think that we will be able to put out a PoC based on SkyCell until the end of the year.
We have not yet decided on which blockchain platform to build the LOGI CHAIN. We are highly delighted with NEM since they are already operative and offer a private and public blockchain on the same protocol.
 
One Chain to Connect them all - LOGI CHAIN
One platform to get all players up to speed, to handle all documents and permissions in one place. No more floods of emails. No more polluting the environment with senseless printing of documents. No more compatibility problems and clashes of individualized systems.
To show you how vast the amount of documents (and by this emails circulated) find a list of common documents needed for one air freight shipment below:
Documents of origin, Material safety sheet, Airway bill, Bill of lading, Transport order, Customs declaration documents & bills, Invoices, Product data sheet, Storage conditions, Transport conditions, Multiple service provider billings, Licenses, etc.
This adds up to the gigantic number of about 200 manually processed emails per shipment.
A combination of public and permission based chains will allow for all players in the ecosystem to store documents needed in the logistics processes. We are looking at multiple platforms to build the LOGI CHAIN on top including NEM, Fabric, Corda, EOS and NEO.
 

Team

I’ll be using bits and pieces taken from their white paper and LinkedIn pages.
The Smart Containers team includes over 80 people, and is growing every year.
Richard Ettl - Co-Founder, CEO - LinkedIn
Richard wanted to know how things worked since he was a child. He has a passion for engineering and management. Growing up in Vienna, Austria and studying in Stanford USA and the University of Fribourg, Switzerland, he started his career at Bobst Group, a leading producer of packaging machines worldwide. In 2009, he decided to launch his own business together with his university friend Nico. After wide reaching scientific research and various proof of concepts, they founded today’s Smart Containers Group as well as SkyCell in 2012. Since then he has lead the companies to commercial success, seamlessly finding the right partners and investors at crucial points, as well as convincing more and more clients of the unrivaled benefits of the SkyCell offer
 
Nico Ros - Co-Founder, CTO - LinkedIn
Nico Ros, Chief Technology Officer & Co-Founder Nico is the mastermind behind Smart Containers Group and its technology. Growing up in Basel, Switzerland, he discovered his passion for mathematics very early on and therefore came to study mathematics, physics and engineering. Being a natural talent, he had already won prestigious architectural prizes during his studies and quickly became managing partner at ZPF an engineering company in Basel. He has constructed the most expensive buildings in Switzerland in collaboration with the famous architects Herzog & DeMeuron. Nico’s key strength lies not only in his state of the art engineering know how but also in his efficient management of teams, leading highly complex, multimillion projects to success. However, engineering alone did not suffice Nico. Having a passion for business and management, he decided to complete additional studies at the University of Fribourg, meeting Richard along the way. Everyone who meets Nico rapidly becomes aware of his sharp mind and his passion to invent new technologies. It is therefore not surprising, that both him and Richard ended up together where they are today.
 
Andreas Ernst - CFO - LinkedIn
Andreas is the true logistic finance expert in the company. He spent all his career in various finance roles of logistic service providers: from Swissair (today Swiss International Airlines), to Swissport (biggest ground service provider for airlines) where he filled the role as regional CFO for the Middle East and Africa. His last role before joining Smart Containers Group was CFO of Unitpool (now called Unilode), which is the largest independent air-freight container pooling company in the world.
 
Thomas Taroni - Head of IT - LinkedIn
Thomas is an IT-architecture mastermind. His first claim to fame is the creation of the largest media database, shared by all media houses in Switzerland: more than two million articles are uploaded every year, then queried and shared seamlessly and efficiently among multiple news companies. He founded his own IT company to design IT architectures focusing on process automation (eliminating paper and endless emails), and as a result won other clients (large banks, pharma companies and even publicly tendered government contracts). SkyCell became his client, when they needed a bespoke asset management system to track and trace their containers around the world. He joined SkyCell four years ago and since his tenure, has become the head of IT for all companies of Smart Containers Group.
 
Carla Bünger - CMO & Business Development Manager - LinkedIn
Carla is a marketing and sales expert. Building strong brands on solid foundations and convincing clients to buy its underlying products gives her huge satisfaction. She collected her experience through managing various international consumer brands, for companies such as Nestlé, Lindt and Coty. However, she discovered her passion for Blockchain technology roughly 18 months ago and has since been actively participating in the com - munity of Crypto Valley in Switzerland. The sheer endless application possibilities make her strive for more and she is drawing energy and enthusiasm from developing new business schemes around the subject. Her “can do” attitude helped to put together the high level advisory team around our ICO.
 

Advisors

Strategic advisor: Oliver Bussmann, is CEO and Founder of Bussmann Advisory, former CIO of UBS and SAP as well as the President of the Crypto Valley Association. “our main advisor” - Richard
Strategic advisor: Marc Bettinger, Altcoin and Blockchain specialist and investor, Co-Host Altcoin Meetup Switzerland (Bitcoin Association Switzerland)
Strategic Advisor: Fabian Schär is Managing Director of the Center for Innovative Finance at the University of Basel. His research focus is on the potential and applications of blockchain. In addition, he works as a lecturer in blockchain technology at the University of Basel, the University of Applied Sciences in Business Administration Zurich (HWZ) and the University of Applied Sciences Northwestern Switzerland (FHNW).
 
Technology Partner: Lykke Corp. our highly trustworthy expert in smart contract programming and ICO execution. (Lykke also audited their ICO smartcontract)
Legal Advisor: Gabriela Hauser-Spuehler was part of the team of MME, the well-known law firm in the crypto space.
Communication Advisor: David Wachsman and Emma Walker from Wachsman PR, the crypto community’s most experienced PR agency.
Richard also states they hired a lawyer that worked on the Ethereum ICO, but I don’t know if it’s Gabriela up there or another person.

Tokens

Min. investment = $500 USD for ICO, $5000 for presale (largest portion of supply), $250k for private sale.
There are two tokens as mentioned before: SMARC and LOGI. I’m more into SMARC because it’s safe (safe once the payouts start of course, as soon as a coin has a clear value like this, BTC moving up or down doesn’t matter to you), as well as obviously very attractive if you think of the long term profits.
 
Every year, the company’s annual shareholder meeting takes place, during which the shareholders will agree (or negotiate) on a proposal by the Smart Containers’ board about how much of the company profits is to be paid to the shareholders that year. 20% of that amount is taken, converted to ETH, and fairly distributed to the token holders.
Since the cofounders and all token holders will have aligned interests and incentives, we are all in a positive-sum-game. We do not want to use the ICO as a speculative springboard, but as way of funding innovation and change the world. Both Richard and Nico are committed for the long-term and not interested in a quick exit. Our aim is to use the collected funds to continue pushing the following business areas:
• Continue scaling of SkyCell in both B2B and B2C
• Establish FoodGuardians - the main goal if the ICO is to build and scale FoodGuardians
• Establish the of LOGI CHAIN Foundation
• Regularly evaluate organic scaling vs. M&A
• Evaluate IPO at relevant time
We are raising funds through an ICO to grow our container businesses in pharma and food. We push SkyCell from no. 4 to the no. 1 provider in the next 2-3 years.
 
The CEO in this video explains pretty easily why one would want to put money into this ICO over others:
“Why invest? [referring to SMARC] Simple question. It’s an up and coming company with revenue, multiple millions a year, most ICO’s have white papers…[we have much more than that].”
That's pretty clear. You can invest in random Xcoin ICO where they have some half-baked token that might see some level of adoption if it isn't just a cash grab, or you could invest in an actual multimillion-dollar company and be a part of it as it scales into what could potentially be a multibillion dollar entity.
 

The following is taken from the ICO, Legal, and Company FAQ

How will the profit share payouts work? 20% of dividends will be paid in ETH to all holders of SMARC tokens that are in circulation at the time of the payout. A given business year ends on 31st December each year with a general assembly held annually around mid-February. Therefore, dividend payout is expected around mid-March each year. In the event of a total sale of Smart Containers or the exit of one of its lines of business, the holders of SMARC tokens will receive a 20% participation of proceeds
 
Is there a future profit statement? No listed company can make an estimation or a commitment to a future return. To do so would neither be professional nor ethical. For Smart Containers, as with any company, profits may often depend upon a number of external factors, such as the general trust in blockchain technology. The question to be assessed is how fast a new disruptive technology can replace an old system. We believe that Smart Containers Group is well-positioned to facilitate this disruption, with a strong plan going forward and experienced team working to successfully implement blockchain technology in the supply chain. 5 years of industry experience, the 4th largest container fleet and a motivated team; that’s more than any idea whitepaper ICO.
 
What specific rights come with my investment? The SMARC token is a profit share token. When the company generates profits and the company’s general assembly approves a dividend payout, 20% of the defined funds attributed to dividends will be distributed proportionally to holders of SMARC tokens in circulation. In contrast, the LOGI token is a utility token that can be used to pay for transactions on the LOGI CHAIN, an open-source logistics platform for all stakeholders in the logistics field with the goal to create a seamless, fully integrated, digital logistics process.
 
Smart Containers will pay out a dividend to SMARC token holders. This would imply that the SMARC token is a security token. Are you compliant with financial regulation? Smart Containers tokens is not classified as a security in Switzerland under current law. This may be different in other jurisdictions such as the USA. Hence the SMARC token is not eligible for sale in certain jurisdictions. Our benchmark is the Modum token sale from June 2017. We have elected to use the same legal structure as it was accepted by regulators in Switzerland and well received by the ICO community and exchanges.
 
What is the vesting schedule for team and advisors tokens? Everyone will receive SMARC and LOGI tokens at the same time. Minting will occur at the end of the token sale. Advisors will have lock up periods depending on how many tokens they receive. Team members have a lock up period of 12 months.
 
Are SkyCell containers an approved ULD according to IATA regulations? SkyCell containers are exempt from the ULD rules by IATA. This has the huge advantage that, compared to our competitors, the SkyCell container can not only fly but can also leave the airport. Skycell containers are therefore a door-to-door solution. Our competitors’ containers, on the other hand, have to be unloaded at the airport and packed into a new transport unit in order to continue their journey from the airport to the final destination, increasing the risk of temperature excursion, and loss.
 
Are there financial statements? If so, are they audited, and by whom? Yes, there are financial statements for all our companies. They are audited by PricewaterhouseCoopers (PwC). To preserve our competitive advantage in the market, we have decided not to publish our financial figures online at this moment in time.
 
Are Modum and Smart Containers competitors? Modum and Smart Containers are not competitors, more future partners. Modum rents/sells sensors to track and trace shipments on temperature, whereas Smart Containers rents/sells the containers, in which products including sensors are put inside. Of course our containers have sensors that record data for quality control, but Smart Containers does not sell these data sets. In the end Modum and Smart Containers will address to the same clients - Smart Containers provides the container and Modum will put a sensor in it.
 
How many airlines fly SkyCell containers? In addition to our major partners, Emirates and CargoLux, more than 30 airlines fly SkyCell containers.
 
What destinations does SkyCell serve? SkyCell is a global company. We are shipping containers around the world and reach each pharma client within 24-48 hours. This is accomplished through our airline partners, that can fly ready-to-use containers to more than 150 airports.
 

Profit Sharing Mechanism

During the annual shareholder meeting, the shareholders in the form of the general assembly (Annual General Assembly) decide on a proposal by Smart Containers’ board regarding the usage of profit as recognized in the annual financial statements of Smart Containers in the form of distribution of dividends. Distribution of a dividend on shares shall be announced in the “Tokenholder Information” section of the Smart Containers website; such announcement shall include the date and time of the dividend payment and the dividend amount per ordinary share in USD as well as the ETH/USD exchange rate which shall become applicable, as derived from publicly available and reliable quotes. Within 20 business days of the date of the resolution passed by the Annual General Assembly regarding dividend payments to the shareholders of Smart Containers, Smart Containers will make available a Profit Share Amount to each authenticated Tokenholder equal to 20% (twenty percent) of all dividends agreed to being distributed per share to the shareholders, divided by the total number of issued SMARC Tokens (To further explain for clarity, all Tokenholders combined will receive an amount equal to 20% of the amount received by all shareholders combined.). SMARC Tokenholders shall receive these payments in ETH, at an average exchange rate specified by Smart Containers.
 

FoodGuardians

“Imagine your tomatoes tasting 1 day ‘fresher”.
One of the main reasons for the SMARC/LOGI ICO is to raise the funds to fuel the growth of FoodGuardians alongside SkyCell.
According to their CEO, SkyCell is constantly asked “can your containers be used for food?”, but there are several issues with shipping food and medicine together. This is where FoodGuardians comes in.
FoodGuardians offers the next generation of reusable containers and boxes to transport regionally and globally temperature sensitive food products.The combination of patented cooling technology, cutting edge insulation and Blockchain infrastructure allows to redefine the product’s freshness and traceability.
Our vision is to allow your local butcher to order your favorite steak directly from the producing farm and sending it straight to your grill party. (All without the buyer even leaving his home, let alone going to store)
 
Advantages of using FoodGuardians
 
Each FoodGuardians container can be tracked around the world on:
 
The phrase “Imagine your tomatoes tasting 1 day ‘fresher” has been used by the CEO a couple times, and is more or less the FoodGuardian slogan. This is referring to the fact that not only can FoodGuardian and SkyCell containers save cost, CO2, and man/brainpower, but they can also make shipments faster when combined with the blockchain (LOGI Chain) and Smart Contracts. when everything is accounted for at every second with almost as little room for human error as possible, things are far more efficient.
We are launching our first food application – we will announce a collaboration before June for a solution that can be used to ship overnight online fresh food to people homes and can be used to supply hospitals and restaurants as well.
FoodGuardians and SkyCell are two of the many possible use-cases for SmartContainers' tech:
"Other use cases. Yes indeed. We are just getting started!! However, it makes sense to focus on scaling SkyCell and FoodGuardians before starting something new. In the end we are a tech company. We have defined 7 use cases around the insulation technology. We have started with the most relevant 2 but will certainly continue."
 

SkyCellONE

SkyCell is looking to bring a business-to-consumer solution to market, that was developed and tested with one of the top 20 pharma companies in the world. The direct to patient market is estimated to increase to a 2.5 billion USD market in the future, with no other competition yet aside from styrofoam containers that are disposed of after one use. The SkyCell ONE can also be co-branded by a partner, such as a pharmacy chain that could rent it out for home delivery, business trips or even holidays.
The product is temperature stable for up to 72 hours, can be recharged passively in a fridge, or temp-controlled warehouse or truck. Currently it’s best in class for size and weight, but that’s probably down to there being no competition! Trials have been undergoing since June 2017 with an orphan drug product, and go live is expected in Q2 2018. - Cryptowithoutborders article
The SkyCell ONE container is showcased HERE
THIS could be a massive money maker. There is currently no direct pharma-2-consumer shipping service, because it really wasn’t profitable, or manageable on a central database. They can even sell this product to other supply chain entities to use. The direct to patient market is estimated to increase to a 2.5 billion USD market in the future, with no other competition yet, aside from styrofoam containers that get disposed of after a single
Q&A: Smart Containers’ Richard Ettl on Blockchain, Pharma, and how His Company’s Hardware and Software is Disrupting the Logistics Industry - Nexchange.com
We are launching also additional sizes – so we are launching a very small box to ship pharma directly to patients' homes. Amazon just recently announced that they will postpone entering the pharma distribution space, as they do not have the technology to ship to patients homes in a temperature controlled manner. We are bringing this to market later this year. This will increase the convenience of patients and reduce the costs in the healthcare system.
 

Organs

I just finished listening to this podcast (20 minutes long, but you can skip the intro stuff to make it shorter of course). I’m now twice as excited as I was before. I’m going to type out a large chunk of the podcast. I’ll be paraphrasing slightly, so I don’t have to type every “uhh” or anything, plus he sometimes starts one sentence before finishing another.
“We have some prototypes, that we built, for example, for the Children’s Hospital here in Zurich, where we’ve designed a container that can transport living skin.” [Interviewer; “Wow.”] “So for young children that suffer skin diseases that could be almost fatal, like cancer, they grow this… patch of skin, and then that skin needs to be transported, and kept at body temperature so… roughly 37 degrees Celsius. There we designed them a box that did this for 10 days, autonomously.” [“That’s amazing…”] “Yeah, we did this because we wanted to learn how to interact and work with hospitals, this is a highly specialized application, and the next step could be organ logistics, because most of the organs today are transported on ice, because that’s the standard set in the 70’s, but studies have shown that if your transport certain tissue at room temperature, it is significantly better for the tissue than if you transport it on ice.”
I can guarantee you every major hospital on earth is going to want their hands on this container that can allow them to transport both living skin, and potentially organs in the future. The fact that in this day and age we’re still throwing people’s kidneys/lungs/etc in a bucket of ice is a little weird.
From the recent AMA:
Our Container BT5: The name stands for Body Temperature 5 L content. It transports skin grafts that was cultured for children with burn accidends. The temperature range is 37°c. Nico (our CTO) was so taken by this project, that he developped this container only for this purpose for a company calles Cutiss (a start-up from Zurich). We currently only have around 10 of these containers in use. It is not produced in on a large scale. We could market it, but have bigger opportunities to tackle first with the SkyCell one. You can only focus on 1-2 projects at a time. The BT5 is a beautiful project, but will need manpower to scale production and then manpower to market it.
 

Competition

Envirotainer, The leading company in this field, has only a matter of time before they’re overtaken. SmartContainer Group’s containers are proven to be superior (5x as efficient, 35% lighter, self-charging, etc, etc, read up above for the whole deal). According to the Googles, Envirotainer’s best year (2015) saw a profit of $50,000,000. It’s logical to assume that Smartcontainers will surpass them as the top dog, and at the same time be pulling in much more profit over time by serving both pharma, and the food industry (Envirotainer only does pharma). By accepting cryptocurrency payments, saving them a fair bit in fees from cross border payments, they’ll also net a small % more in profits annually.
I asked about the state of their competition. Turns out, Envirotainer (or more specifically the private equity firm that owns them) offered SmartContainers a buy out of $125m. This was one of countless offers they've turned down, because they believe they can scale the company to much further value. The firm selling Envirotainer has been trying to find a buying for the past 3 years, at $1b. No one will buy them, because anyone who knows their shit in that industry knows SmartContainers will overtake them in no time.
From April's AMA:
Our 2 biggest competitors are for sale. Envirotainer (biggest player) is owned by a Private Equity company that wants to sell it for 1 b USD. it already tries to sell for 3 years. SkyCell is considered a threat to the valuation of Envirotainer, since we are winning one client after the other from them. While Envirotainer is the largest player with a huge sales force and well established client contacts, they are still operating on an "old" technology. SkyCell is technology leader, has lighter containers, reduces CO2 emissions and is considered to be the future.
2 days ago, a private equity company requested a meeting to see the valuation of SkyCell and evaluate to buy. We have already been approached several times. We are treated as the bride in the market. However, Richard and Nico think we can scale the business much more before we should consider to sell. We are just getting started.
We have won 3 large accounts in Q1. Today we have 1200 containers. By the end of the year, it will be 2000. Our business plan estimates that SkyCell will be profitable in 2019. Therefore you can expect first dividends in Q1 2020.
 

Official Projections

Another redditor asked for "optimistic expectations for potential profits" during their ama, here was their answer:
How does a profit of 21 m USD on Smart Containers total in 2020 sound? This figure will then quadruple in 2021 to 76 m USD.
As you can see, this would mean that by 2021 tokenholders would not even have broken even yet. I myself am fine with this, i'm expecting to hold SMARC until the end (be it I die or the company sells, in which case i'll enjoy that fat exit payout). The potential gains from 2020-2030 are far more worth it to me than trying to make it in one year with heavy risk.
So why invest in this over a random shitcoin that might moon? If you're here to turn $1000 into $1m and get out by the end of the year, good luck, don't invest in smarc. If you're realistic and are aware that crypto will only be so volatile for so long, go ahead and think about putting a bit of your portfolio in something that will have actual value, lasting long after the shitcoins die. Crypto market could crash at any time, but that doesn't mean that SmartContainers as a company goes anywhere, nor their profits. I don't think I need to explain any further.

So…

A 5 year old company, with over 100,000 collective hours of R&D put into their products, with currently just under 100 innovative patents, that is already the 4th largest of it’s kind in the world, with the top product in their field on earth, is doing an ICO that is fully backed by the Swiss government, with a token that is due 20% of all future shareholder payouts, as well as 20% of any potential exit profits (the company being purchased). They’re already this big, and you can benefit from both their success, and their expansion into new markets.
There’s nothing stopping SmartContainers Group/SkyCell/FoodGuardians from working with VeChain in the future either. Or Walton, or Wabi, Devery, OriginTrail, Ambrosus, all of em.
 

Links4U:

SmartContainers
https://smartcontainers.ch/
https://foodguardians.ch
https://skycell.ch/
Whitepaper
FAQ
Terms of Token Sale
CryptoWithBorders Article
Medium post reviewing SmartContainers
Interview with Richard Ettl, Co-Founder & CEO of Smart Containers on SMARC Token Sale | TechBullion
Interview with Richard Ettl - CryptoRich - Richard talks about some of their patents in this video, I think about 20 minutes in. Whole thing was worth watching imo
Podcast on how Blockchain + Smart Contracts will change how we ship things globally - 20 minutes, I REALLY recommend you listen through it, but do skip the intro if you want.
CEO Richard Ettl speaking at Crypto Finance Conference in St.Moritz - about 14 minutes, also highly recommend you watch this as well.
SkyCell Video
Strategic Advisor Oliver Bussman (President of the Crypto Valley Association, Former CIO of UBS and SAP), on SmartContainers
Marc Bettinger on why he took an advisory role with SmartContainers - (many may know him as "altcoindad")
Michael Guzik - Former 'Head of Blockchain' at PWC, current Head of ICO advisory at Lykke - why he's involved with the Smarc/Logi ICO
AMA with Carla Bünger - CMO & Business Development Manager of SmartContainers
AMA with Thomas Taroni - Head of IT of Smart Containers
Q&A w/ Richard Ettl - Nexchange
 
Should you invest in this? I sure am, and am very glad to even be offered the opportunity, but it’s up to you. Read through this post if you haven't yet, then click these links and decide for yourself. Don't go all in of course, since this is a profit share token, there is much less risk, therefore less short term reward. The long term reward is what we're looking at here, don't buy into the ICO and then complain that you aren't getting 1000% ROI payouts by year one.
submitted by Haramburglar to RFIDBlockchain [link] [comments]

Only 2 days left to whitelist for SMARC ICO, an ICO for a profit-share token being held by an already multi-million dollar company.

- Credit to Haramburglar for this post, and for giving me the notepad file he wrote it in so I could share it where I wished, without even asking for credit
Okay, so this is going to be really long in terms of posts here. I actually have to cut out some info to make it under 40000 characters for reddit...
Typically in the market there are Currency and Utility coins. Profit-Share Tokens are relatively new, and while this ICO has 2 tokens, the profit share token is definitely the main attraction, as it's tied to a very, very promising company. This company is SmartContainers Group, and their tokens are SMARC (profit-share token) and LOGI (more on LOGI later).
“Smart Containers Group, formerly REP AG (Swiss registry of commerce, UID: CHE- 141.664.882), is a Swiss based, high tech company that provides the safest temperature controlled containers to transport sensitive pharma goods and food around the world. Our purpose is to secure sensitive goods and to make sure no compromised product is ever delivered to anyone.” - whitepaper

Product

SmartContainers Group is a holding company for SkyCell.
SkyCell is the company Smart Containers Group uses to rent/sell their containers to clients around the world.
Our containers transport some of the most expensive and temperature-sensitive goods in the pharmaceutical industry. These goods need a particularly careful and accurate protection. Through our highly secure and efficient container design, we assure the best possible protection against temperature excursions. In combination with a cutting-edge technology, it enables us to provide containers with easy handling, maximum loading capacity and highest performance on the market.
More than 50 man-years of research and development poured into the creation of an unprecedented, highly efficient insulation. This cutting-edge technology reflects a maximum of radiation while minimizing heat conducting. It is the most patent protected insulation technology on the market.
The ingenious SkyCell R&D team invented a completely new, cooling technology, that stores five times more energy than traditional methods to keep the container at a steady temperature. Consequently, SkyCell containers are automatically recharged in a cooling chamber without any manual interference. Nothing can be mixed up since all parts are integrated and fixed.
The ingenious SkyCell R&D team invented a completely new, cooling technology, that stores five times more energy than traditional methods to keep the container at a steady temperature.
 
“oh, our product needs better cooling? Okay, let’s just invent a better cooling technology, no biggie”. Who heads that team, Rick Sanchez?
I asked about this tech during their AMA, here's what they said:
Cooling technology: Yes, our containers are state of the art. Nico has developed a cooling material that freezes at 5.5°C. So if you put it in a cooling chamber that has a lower temperature, it automatically freezes and if the temperature is higher it melts. Basically, the system works like a huge ice cube that is empty in the middle. The centre of the ice cube has a steady temperature of 0° until at least 1 side of the ice cube has melted. It's the same principle for SkyCell containers, but at 5.5°C
 
The patented-in house developed cooling technology stores five times more energy than traditional methods to keep the container at a consistent temperature. After use, they are ‘recharged’ in a cooling chamber without any need for manual intervention, increasing productivity of the business and reducing cost.
I’ve forgotten to mention something so far about their product [the containers]. They’re literally (not figuratively, literally) the most advanced container ON EARTH.
 
From their ICO FAQ: Where do you position yourself compared to Envirotainer? Envirotainer is the number one container company with the largest container fleet today. We are currently fourth globally, but we reached this position in less than 5 years operating in this space. SkyCell containers have been tested and shown to be technologically superior to Envirotainer containers (5x more runtime, up to 35% lighter) which translates into safer pharma distribution and cost savings as well as a reduced CO2 footprint.
 
We are currently fourth globally, but we reached this position in less than 5 years operating in this space.
 
Another thing that’s pretty impressive, 4th largest company in their entire field… after just 5 years… but back to the main point of that statement: “SkyCell containers have been tested and shown to be technologically superior to Envirotainer containers (5x more runtime, up to 35% lighter) which translates into safer pharma distribution and cost savings as well as a reduced CO2 footprint.”.
 
Watching a video from a blockchain conference in Switzerland, I got a fair bit of info from the CEO, Richard. I’ll be quoting him in that video a few times in this post, and here’s the first: “In my industry, we talk about how many shipments go wrong - and the average is 8.5%. So for 8.5% of pharma shipments for example, the [proper] temperature is not maintained. In our case [with Smart Containers], it’s less than 0.1%. That’s 75 times better. Richard also speaks in this video about how they will be able to eliminate the amount of shipments happening every year, due to the decentralized nature of this whole system, there will be less need to send packages to places far from their end destination, to make the delivery easier on the shipping side. We’ve all had packages come from across the ocean, only for it to fly 1500 Km past us to be shipped back our way next week…
 

LogiChain

”There are 200 documents are required, or exchanged, to make one shipment happen… we estimate we can bring this down to 8” Richard Ettl, CEO
Logistics is an old industry. it started out on paper, moved through the fax, early ages of the information era, early email, current email, and is now ready to move onto the blockchain.
LOGI CHAIN GOALS
 
“By using blockchain technology, we can decentralize logistics and create autonomous containers – container 4.0. This container will know who’s renting it, when the contract ends and when to invoice the customer. That’s why we’ve created the LOGI CHAIN platform. It allows us to create a seamless, fully integrated, digital logistics process that everyone can use for free.” - Richard Ettl, CEO
“Well-established processes often generate inefficiencies that we simply accept. And of course everyone knows change is painful. But at Smart Containers, we see things differently. Change is the only way to improve. We think that every process should not only be optimized but redefined and redesigned. Logistics today is highly centralized. It’s incredibly inefficient. So many wasted kilometers to huge warehouses.” Nico Ros, CTO
 
There will be more than one blockchain at play with this system as well. The info that people deserve to know will be available on a public blockchain like Ethereum, the weight, material safety data sheets, the storage conditions (which as said up above, 8.5% of pharma shipments have issues with, and Smart Containers brings that down to below 0.1%), as well as at the same time, the info that shouldn’t be public to everyone (Bills, invoices, etc) would be stored on a blockchain like Fabric or HyperLedger. LOGI will be the fuel for the LOGI Chain.
CMO Carla elaborating on LogiChain:
The LOGI project finds good echoes with logistics players but even more with blockchain infrastructures like NEM, EOS and NEO.
Emirates for once was enthusiastic about the project and definitely wants to join the foundation. As you know, the government of Dubai is focussing on applying blockchain asap to multiple industries.
We are also in exchange with ShipChain, who are running a similar project in the US. Our goal is to collaborate with a maximum of projects around the world.
The LOGI Chain Foundation will be set up in July, right at the end of the ICO. Dr. Fabian Schär, our valued Advisor, will be in charge of defining how the LOGI Chain Foundation will develop in the next 2-3 years. We think that we will be able to put out a PoC based on SkyCell until the end of the year.
We have not yet decided on which blockchain platform to build the LOGI CHAIN. We are highly delighted with NEM since they are already operative and offer a private and public blockchain on the same protocol.
 
One Chain to Connect them all - LOGI CHAIN
One platform to get all players up to speed, to handle all documents and permissions in one place. No more floods of emails. No more polluting the environment with senseless printing of documents. No more compatibility problems and clashes of individualized systems.
To show you how vast the amount of documents (and by this emails circulated) find a list of common documents needed for one air freight shipment below:
Documents of origin, Material safety sheet, Airway bill, Bill of lading, Transport order, Customs declaration documents & bills, Invoices, Product data sheet, Storage conditions, Transport conditions, Multiple service provider billings, Licenses, etc.
This adds up to the gigantic number of about 200 manually processed emails per shipment.
A combination of public and permission based chains will allow for all players in the ecosystem to store documents needed in the logistics processes. We are looking at multiple platforms to build the LOGI CHAIN on top including NEM, Fabric, Corda, EOS and NEO.
 

Team

I’ll be using bits and pieces taken from their white paper and LinkedIn pages.
The Smart Containers team includes over 80 people, and is growing every year.
Richard Ettl - Co-Founder, CEO - LinkedIn
Richard wanted to know how things worked since he was a child. He has a passion for engineering and management. Growing up in Vienna, Austria and studying in Stanford USA and the University of Fribourg, Switzerland, he started his career at Bobst Group, a leading producer of packaging machines worldwide. In 2009, he decided to launch his own business together with his university friend Nico. After wide reaching scientific research and various proof of concepts, they founded today’s Smart Containers Group as well as SkyCell in 2012. Since then he has lead the companies to commercial success, seamlessly finding the right partners and investors at crucial points, as well as convincing more and more clients of the unrivaled benefits of the SkyCell offer
 
Nico Ros - Co-Founder, CTO - LinkedIn
Nico Ros, Chief Technology Officer & Co-Founder Nico is the mastermind behind Smart Containers Group and its technology. Growing up in Basel, Switzerland, he discovered his passion for mathematics very early on and therefore came to study mathematics, physics and engineering. Being a natural talent, he had already won prestigious architectural prizes during his studies and quickly became managing partner at ZPF an engineering company in Basel. He has constructed the most expensive buildings in Switzerland in collaboration with the famous architects Herzog & DeMeuron. Nico’s key strength lies not only in his state of the art engineering know how but also in his efficient management of teams, leading highly complex, multimillion projects to success. However, engineering alone did not suffice Nico. Having a passion for business and management, he decided to complete additional studies at the University of Fribourg, meeting Richard along the way. Everyone who meets Nico rapidly becomes aware of his sharp mind and his passion to invent new technologies. It is therefore not surprising, that both him and Richard ended up together where they are today.
 
Andreas Ernst - CFO - LinkedIn
Andreas is the true logistic finance expert in the company. He spent all his career in various finance roles of logistic service providers: from Swissair (today Swiss International Airlines), to Swissport (biggest ground service provider for airlines) where he filled the role as regional CFO for the Middle East and Africa. His last role before joining Smart Containers Group was CFO of Unitpool (now called Unilode), which is the largest independent air-freight container pooling company in the world.
 
Thomas Taroni - Head of IT - LinkedIn
Thomas is an IT-architecture mastermind. His first claim to fame is the creation of the largest media database, shared by all media houses in Switzerland: more than two million articles are uploaded every year, then queried and shared seamlessly and efficiently among multiple news companies. He founded his own IT company to design IT architectures focusing on process automation (eliminating paper and endless emails), and as a result won other clients (large banks, pharma companies and even publicly tendered government contracts). SkyCell became his client, when they needed a bespoke asset management system to track and trace their containers around the world. He joined SkyCell four years ago and since his tenure, has become the head of IT for all companies of Smart Containers Group.
 
Carla Bünger - CMO & Business Development Manager - LinkedIn
Carla is a marketing and sales expert. Building strong brands on solid foundations and convincing clients to buy its underlying products gives her huge satisfaction. She collected her experience through managing various international consumer brands, for companies such as Nestlé, Lindt and Coty. However, she discovered her passion for Blockchain technology roughly 18 months ago and has since been actively participating in the com - munity of Crypto Valley in Switzerland. The sheer endless application possibilities make her strive for more and she is drawing energy and enthusiasm from developing new business schemes around the subject. Her “can do” attitude helped to put together the high level advisory team around our ICO.
 

Advisors

Strategic advisor: Oliver Bussmann, is CEO and Founder of Bussmann Advisory, former CIO of UBS and SAP as well as the President of the Crypto Valley Association. “our main advisor” - Richard
Strategic advisor: Marc Bettinger, Altcoin and Blockchain specialist and investor, Co-Host Altcoin Meetup Switzerland (Bitcoin Association Switzerland)
Strategic Advisor: Fabian Schär is Managing Director of the Center for Innovative Finance at the University of Basel. His research focus is on the potential and applications of blockchain. In addition, he works as a lecturer in blockchain technology at the University of Basel, the University of Applied Sciences in Business Administration Zurich (HWZ) and the University of Applied Sciences Northwestern Switzerland (FHNW).
 
Technology Partner: Lykke Corp. our highly trustworthy expert in smart contract programming and ICO execution. (Lykke also audited their ICO smartcontract)
Legal Advisor: Gabriela Hauser-Spuehler was part of the team of MME, the well-known law firm in the crypto space.
Communication Advisor: David Wachsman and Emma Walker from Wachsman PR, the crypto community’s most experienced PR agency.
Richard also states they hired a lawyer that worked on the Ethereum ICO, but I don’t know if it’s Gabriela up there or another person.

Tokens

Min. investment = $500 USD for ICO, $5000 for presale (largest portion of supply), $250k for private sale.
There are two tokens as mentioned before: SMARC and LOGI. I’m more into SMARC because it’s safe (safe once the payouts start of course, as soon as a coin has a clear value like this, BTC moving up or down doesn’t matter to you), as well as obviously very attractive if you think of the long term profits.
 
Every year, the company’s annual shareholder meeting takes place, during which the shareholders will agree (or negotiate) on a proposal by the Smart Containers’ board about how much of the company profits is to be paid to the shareholders that year. 20% of that amount is taken, converted to ETH, and fairly distributed to the token holders.
Since the cofounders and all token holders will have aligned interests and incentives, we are all in a positive-sum-game. We do not want to use the ICO as a speculative springboard, but as way of funding innovation and change the world. Both Richard and Nico are committed for the long-term and not interested in a quick exit. Our aim is to use the collected funds to continue pushing the following business areas:
• Continue scaling of SkyCell in both B2B and B2C
• Establish FoodGuardians - the main goal if the ICO is to build and scale FoodGuardians
• Establish the of LOGI CHAIN Foundation
• Regularly evaluate organic scaling vs. M&A
• Evaluate IPO at relevant time
We are raising funds through an ICO to grow our container businesses in pharma and food. We push SkyCell from no. 4 to the no. 1 provider in the next 2-3 years.
 
The CEO in this video explains pretty easily why one would want to put money into this ICO over others:
“Why invest? [referring to SMARC] Simple question. It’s an up and coming company with revenue, multiple millions a year, most ICO’s have white papers…[we have much more than that].”
That's pretty clear. You can invest in random Xcoin ICO where they have some half-baked token that might see some level of adoption if it isn't just a cash grab, or you could invest in an actual multimillion-dollar company and be a part of it as it scales into what could potentially be a multibillion dollar entity.
 

The following is taken from the ICO, Legal, and Company FAQ

How will the profit share payouts work? 20% of dividends will be paid in ETH to all holders of SMARC tokens that are in circulation at the time of the payout. A given business year ends on 31st December each year with a general assembly held annually around mid-February. Therefore, dividend payout is expected around mid-March each year. In the event of a total sale of Smart Containers or the exit of one of its lines of business, the holders of SMARC tokens will receive a 20% participation of proceeds
 
Is there a future profit statement? No listed company can make an estimation or a commitment to a future return. To do so would neither be professional nor ethical. For Smart Containers, as with any company, profits may often depend upon a number of external factors, such as the general trust in blockchain technology. The question to be assessed is how fast a new disruptive technology can replace an old system. We believe that Smart Containers Group is well-positioned to facilitate this disruption, with a strong plan going forward and experienced team working to successfully implement blockchain technology in the supply chain. 5 years of industry experience, the 4th largest container fleet and a motivated team; that’s more than any idea whitepaper ICO.
 
What specific rights come with my investment? The SMARC token is a profit share token. When the company generates profits and the company’s general assembly approves a dividend payout, 20% of the defined funds attributed to dividends will be distributed proportionally to holders of SMARC tokens in circulation. In contrast, the LOGI token is a utility token that can be used to pay for transactions on the LOGI CHAIN, an open-source logistics platform for all stakeholders in the logistics field with the goal to create a seamless, fully integrated, digital logistics process.
 
Smart Containers will pay out a dividend to SMARC token holders. This would imply that the SMARC token is a security token. Are you compliant with financial regulation? Smart Containers tokens is not classified as a security in Switzerland under current law. This may be different in other jurisdictions such as the USA. Hence the SMARC token is not eligible for sale in certain jurisdictions. Our benchmark is the Modum token sale from June 2017. We have elected to use the same legal structure as it was accepted by regulators in Switzerland and well received by the ICO community and exchanges.
 
What is the vesting schedule for team and advisors tokens? Everyone will receive SMARC and LOGI tokens at the same time. Minting will occur at the end of the token sale. Advisors will have lock up periods depending on how many tokens they receive. Team members have a lock up period of 12 months.
 
Are SkyCell containers an approved ULD according to IATA regulations? SkyCell containers are exempt from the ULD rules by IATA. This has the huge advantage that, compared to our competitors, the SkyCell container can not only fly but can also leave the airport. Skycell containers are therefore a door-to-door solution. Our competitors’ containers, on the other hand, have to be unloaded at the airport and packed into a new transport unit in order to continue their journey from the airport to the final destination, increasing the risk of temperature excursion, and loss.
 
Are there financial statements? If so, are they audited, and by whom? Yes, there are financial statements for all our companies. They are audited by PricewaterhouseCoopers (PwC). To preserve our competitive advantage in the market, we have decided not to publish our financial figures online at this moment in time.
 
Are Modum and Smart Containers competitors? Modum and Smart Containers are not competitors, more future partners. Modum rents/sells sensors to track and trace shipments on temperature, whereas Smart Containers rents/sells the containers, in which products including sensors are put inside. Of course our containers have sensors that record data for quality control, but Smart Containers does not sell these data sets. In the end Modum and Smart Containers will address to the same clients - Smart Containers provides the container and Modum will put a sensor in it.
 
How many airlines fly SkyCell containers? In addition to our major partners, Emirates and CargoLux, more than 30 airlines fly SkyCell containers.
 
What destinations does SkyCell serve? SkyCell is a global company. We are shipping containers around the world and reach each pharma client within 24-48 hours. This is accomplished through our airline partners, that can fly ready-to-use containers to more than 150 airports.
 

Profit Sharing Mechanism

During the annual shareholder meeting, the shareholders in the form of the general assembly (Annual General Assembly) decide on a proposal by Smart Containers’ board regarding the usage of profit as recognized in the annual financial statements of Smart Containers in the form of distribution of dividends. Distribution of a dividend on shares shall be announced in the “Tokenholder Information” section of the Smart Containers website; such announcement shall include the date and time of the dividend payment and the dividend amount per ordinary share in USD as well as the ETH/USD exchange rate which shall become applicable, as derived from publicly available and reliable quotes. Within 20 business days of the date of the resolution passed by the Annual General Assembly regarding dividend payments to the shareholders of Smart Containers, Smart Containers will make available a Profit Share Amount to each authenticated Tokenholder equal to 20% (twenty percent) of all dividends agreed to being distributed per share to the shareholders, divided by the total number of issued SMARC Tokens (To further explain for clarity, all Tokenholders combined will receive an amount equal to 20% of the amount received by all shareholders combined.). SMARC Tokenholders shall receive these payments in ETH, at an average exchange rate specified by Smart Containers.
 

FoodGuardians

“Imagine your tomatoes tasting 1 day ‘fresher”.
One of the main reasons for the SMARC/LOGI ICO is to raise the funds to fuel the growth of FoodGuardians alongside SkyCell.
According to their CEO, SkyCell is constantly asked “can your containers be used for food?”, but there are several issues with shipping food and medicine together. This is where FoodGuardians comes in.
FoodGuardians offers the next generation of reusable containers and boxes to transport regionally and globally temperature sensitive food products.The combination of patented cooling technology, cutting edge insulation and Blockchain infrastructure allows to redefine the product’s freshness and traceability.
Our vision is to allow your local butcher to order your favorite steak directly from the producing farm and sending it straight to your grill party. (All without the buyer even leaving his home, let alone going to store)
 
Advantages of using FoodGuardians
 
Each FoodGuardians container can be tracked around the world on:
 
The phrase “Imagine your tomatoes tasting 1 day ‘fresher” has been used by the CEO a couple times, and is more or less the FoodGuardian slogan. This is referring to the fact that not only can FoodGuardian and SkyCell containers save cost, CO2, and man/brainpower, but they can also make shipments faster when combined with the blockchain (LOGI Chain) and Smart Contracts. when everything is accounted for at every second with almost as little room for human error as possible, things are far more efficient.
We are launching our first food application – we will announce a collaboration before June for a solution that can be used to ship overnight online fresh food to people homes and can be used to supply hospitals and restaurants as well.
FoodGuardians and SkyCell are two of the many possible use-cases for SmartContainers' tech:
"Other use cases. Yes indeed. We are just getting started!! However, it makes sense to focus on scaling SkyCell and FoodGuardians before starting something new. In the end we are a tech company. We have defined 7 use cases around the insulation technology. We have started with the most relevant 2 but will certainly continue."
 

SkyCellONE

SkyCell is looking to bring a business-to-consumer solution to market, that was developed and tested with one of the top 20 pharma companies in the world. The direct to patient market is estimated to increase to a 2.5 billion USD market in the future, with no other competition yet aside from styrofoam containers that are disposed of after one use. The SkyCell ONE can also be co-branded by a partner, such as a pharmacy chain that could rent it out for home delivery, business trips or even holidays.
The product is temperature stable for up to 72 hours, can be recharged passively in a fridge, or temp-controlled warehouse or truck. Currently it’s best in class for size and weight, but that’s probably down to there being no competition! Trials have been undergoing since June 2017 with an orphan drug product, and go live is expected in Q2 2018. - Cryptowithoutborders article
The SkyCell ONE container is showcased HERE
THIS could be a massive money maker. There is currently no direct pharma-2-consumer shipping service, because it really wasn’t profitable, or manageable on a central database. They can even sell this product to other supply chain entities to use. The direct to patient market is estimated to increase to a 2.5 billion USD market in the future, with no other competition yet, aside from styrofoam containers that get disposed of after a single
Q&A: Smart Containers’ Richard Ettl on Blockchain, Pharma, and how His Company’s Hardware and Software is Disrupting the Logistics Industry - Nexchange.com
We are launching also additional sizes – so we are launching a very small box to ship pharma directly to patients' homes. Amazon just recently announced that they will postpone entering the pharma distribution space, as they do not have the technology to ship to patients homes in a temperature controlled manner. We are bringing this to market later this year. This will increase the convenience of patients and reduce the costs in the healthcare system.
 

Organs

I just finished listening to this podcast (20 minutes long, but you can skip the intro stuff to make it shorter of course). I’m now twice as excited as I was before. I’m going to type out a large chunk of the podcast. I’ll be paraphrasing slightly, so I don’t have to type every “uhh” or anything, plus he sometimes starts one sentence before finishing another.
“We have some prototypes, that we built, for example, for the Children’s Hospital here in Zurich, where we’ve designed a container that can transport living skin.” [Interviewer; “Wow.”] “So for young children that suffer skin diseases that could be almost fatal, like cancer, they grow this… patch of skin, and then that skin needs to be transported, and kept at body temperature so… roughly 37 degrees Celsius. There we designed them a box that did this for 10 days, autonomously.” [“That’s amazing…”] “Yeah, we did this because we wanted to learn how to interact and work with hospitals, this is a highly specialized application, and the next step could be organ logistics, because most of the organs today are transported on ice, because that’s the standard set in the 70’s, but studies have shown that if your transport certain tissue at room temperature, it is significantly better for the tissue than if you transport it on ice.”
I can guarantee you every major hospital on earth is going to want their hands on this container that can allow them to transport both living skin, and potentially organs in the future. The fact that in this day and age we’re still throwing people’s kidneys/lungs/etc in a bucket of ice is a little weird.
From the recent AMA:
Our Container BT5: The name stands for Body Temperature 5 L content. It transports skin grafts that was cultured for children with burn accidends. The temperature range is 37°c. Nico (our CTO) was so taken by this project, that he developped this container only for this purpose for a company calles Cutiss (a start-up from Zurich). We currently only have around 10 of these containers in use. It is not produced in on a large scale. We could market it, but have bigger opportunities to tackle first with the SkyCell one. You can only focus on 1-2 projects at a time. The BT5 is a beautiful project, but will need manpower to scale production and then manpower to market it.
 

Competition

Envirotainer, The leading company in this field, has only a matter of time before they’re overtaken. SmartContainer Group’s containers are proven to be superior (5x as efficient, 35% lighter, self-charging, etc, etc, read up above for the whole deal). According to the Googles, Envirotainer’s best year (2015) saw a profit of $50,000,000. It’s logical to assume that Smartcontainers will surpass them as the top dog, and at the same time be pulling in much more profit over time by serving both pharma, and the food industry (Envirotainer only does pharma). By accepting cryptocurrency payments, saving them a fair bit in fees from cross border payments, they’ll also net a small % more in profits annually.
I asked about the state of their competition. Turns out, Envirotainer (or more specifically the private equity firm that owns them) offered SmartContainers a buy out of $125m. This was one of countless offers they've turned down, because they believe they can scale the company to much further value. The firm selling Envirotainer has been trying to find a buying for the past 3 years, at $1b. No one will buy them, because anyone who knows their shit in that industry knows SmartContainers will overtake them in no time.
From April's AMA:
Our 2 biggest competitors are for sale. Envirotainer (biggest player) is owned by a Private Equity company that wants to sell it for 1 b USD. it already tries to sell for 3 years. SkyCell is considered a threat to the valuation of Envirotainer, since we are winning one client after the other from them. While Envirotainer is the largest player with a huge sales force and well established client contacts, they are still operating on an "old" technology. SkyCell is technology leader, has lighter containers, reduces CO2 emissions and is considered to be the future.
2 days ago, a private equity company requested a meeting to see the valuation of SkyCell and evaluate to buy. We have already been approached several times. We are treated as the bride in the market. However, Richard and Nico think we can scale the business much more before we should consider to sell. We are just getting started.
We have won 3 large accounts in Q1. Today we have 1200 containers. By the end of the year, it will be 2000. Our business plan estimates that SkyCell will be profitable in 2019. Therefore you can expect first dividends in Q1 2020.
 

Official Projections

Another redditor asked for "optimistic expectations for potential profits" during their ama, here was their answer:
How does a profit of 21 m USD on Smart Containers total in 2020 sound? This figure will then quadruple in 2021 to 76 m USD.
As you can see, this would mean that by 2021 tokenholders would not even have broken even yet. I myself am fine with this, i'm expecting to hold SMARC until the end (be it I die or the company sells, in which case i'll enjoy that fat exit payout). The potential gains from 2020-2030 are far more worth it to me than trying to make it in one year with heavy risk.
So why invest in this over a random shitcoin that might moon? If you're here to turn $1000 into $1m and get out by the end of the year, good luck, don't invest in smarc. If you're realistic and are aware that crypto will only be so volatile for so long, go ahead and think about putting a bit of your portfolio in something that will have actual value, lasting long after the shitcoins die. Crypto market could crash at any time, but that doesn't mean that SmartContainers as a company goes anywhere, nor their profits. I don't think I need to explain any further.

So…

A 5 year old company, with over 100,000 collective hours of R&D put into their products, with currently just under 100 innovative patents, that is already the 4th largest of it’s kind in the world, with the top product in their field on earth, is doing an ICO that is fully backed by the Swiss government, with a token that is due 20% of all future shareholder payouts, as well as 20% of any potential exit profits (the company being purchased). They’re already this big, and you can benefit from both their success, and their expansion into new markets.
There’s nothing stopping SmartContainers Group/SkyCell/FoodGuardians from working with VeChain in the future either. Or Walton, or Wabi, Devery, OriginTrail, Ambrosus, all of em.
 

Links4U:

SmartContainers
https://smartcontainers.ch/
https://foodguardians.ch
https://skycell.ch/
Whitepaper
FAQ
Terms of Token Sale
CryptoWithBorders Article
Medium post reviewing SmartContainers
Interview with Richard Ettl, Co-Founder & CEO of Smart Containers on SMARC Token Sale | TechBullion
Interview with Richard Ettl - CryptoRich - Richard talks about some of their patents in this video, I think about 20 minutes in. Whole thing was worth watching imo
Podcast on how Blockchain + Smart Contracts will change how we ship things globally - 20 minutes, I REALLY recommend you listen through it, but do skip the intro if you want.
CEO Richard Ettl speaking at Crypto Finance Conference in St.Moritz - about 14 minutes, also highly recommend you watch this as well.
SkyCell Video
Strategic Advisor Oliver Bussman (President of the Crypto Valley Association, Former CIO of UBS and SAP), on SmartContainers
Marc Bettinger on why he took an advisory role with SmartContainers - (many may know him as "altcoindad")
Michael Guzik - Former 'Head of Blockchain' at PWC, current Head of ICO advisory at Lykke - why he's involved with the Smarc/Logi ICO
AMA with Carla Bünger - CMO & Business Development Manager of SmartContainers
AMA with Thomas Taroni - Head of IT of Smart Containers
Q&A w/ Richard Ettl - Nexchange
 
Should you invest in this? I sure am, and am very glad to even be offered the opportunity, but it’s up to you. Read through this post if you haven't yet, then click these links and decide for yourself. Don't go all in of course, since this is a profit share token, there is much less risk, therefore less short term reward. The long term reward is what we're looking at here, don't buy into the ICO and then complain that you aren't getting 1000% ROI payouts by year one.
submitted by nineonetwoonethrow to CryptoCurrency [link] [comments]

Subreddit Stats: Bitcoin top posts from 2017-01-09 to 2017-02-08 00:18 PDT

Period: 29.84 days
Submissions Comments
Total 999 46557
Rate (per day) 33.48 1507.53
Unique Redditors 653 6643
Combined Score 110856 177455

Top Submitters' Top Submissions

  1. 3932 points, 2 submissions: tuqqs
    1. Clearly not mainstream yet (2808 points, 104 comments)
    2. what it'll look like, when it happens (1124 points, 195 comments)
  2. 3593 points, 19 submissions: helmsk
    1. Countdown: Bitcoin Will Be a Legal Method of Payment in Japan in Two Months (2316 points, 151 comments)
    2. Europe Lays Out Roadmap to Restrict Payments in Cash and Cryptocurrencies (317 points, 102 comments)
    3. Polish Bitcoin Adoption Escalating with Strong Ecosystem (86 points, 4 comments)
    4. Why South Korean Bitcoin Adoption Could Outpace Most Other Countries This Year (74 points, 3 comments)
    5. Pakistan Set to Become a Major Bitcoin Hub (72 points, 49 comments)
    6. UAE Did Not Ban Bitcoin (72 points, 2 comments)
    7. Europe Committed to Tightening Digital Currency Rules by End of 2017 (71 points, 23 comments)
    8. How to Start Your Own Bitcoin ATM Business (67 points, 15 comments)
    9. Coincheck's Growth Reveals Surging Japanese Bitcoin Trade (62 points, 8 comments)
    10. How Trump's Wall and Remittance Tax Could Give Bitcoin a Boost (60 points, 23 comments)
  3. 3177 points, 2 submissions: futureofeverything
    1. "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami (3136 points, 227 comments)
    2. Why Venezuela's Currency Crisis Is A Case Study For Bitcoin (41 points, 1 comment)
  4. 2577 points, 7 submissions: Pizpie
    1. Welcome to Bitcoin, everyone. Don't worry, he'll recover. (1353 points, 155 comments)
    2. Breaking: Huobi & BTCC stopped margin trading, OKc leverage only 1x, finally no more fake BTC generated by exchange (485 points, 160 comments)
    3. Breaking: Bitcoin exchange Coinbase receives New York BitLicense (242 points, 55 comments)
    4. Canada Goose is thinking about accepting Bitcoin - Let them know what you think! (191 points, 49 comments)
    5. Confirmed: Huobi reactivates margin trading, with a limit of 100k CNY instead of 10 million CNY. (160 points, 79 comments)
    6. BREAKING: Huobi official announcement: We are considering charging trading fees. (80 points, 25 comments)
    7. Breaking: PBOC strikes again - Lending disabled on BTCC (66 points, 70 comments)
  5. 1941 points, 1 submission: bahatassafus
    1. Internet Archive: $3000 donated anonymously to the @internetarchive in bitcoin just now. Made our day! Thank you! (1941 points, 31 comments)
  6. 1338 points, 1 submission: kynek99
    1. Deutsche Bank - More than $10 billion in transactions never appeared on the books. That's why banksters don't want to use public blockchains. (1338 points, 96 comments)
  7. 1294 points, 1 submission: umbawumpa
    1. Julian Assange just used the current block hash as proof-of-not-prerecorded-interview in his AMA (1294 points, 182 comments)
  8. 1272 points, 2 submissions: Butt_Cheek_Spreader
    1. When you ride the bitcoin rally (1189 points, 204 comments)
    2. OKcoin and Huobi provided margin trading that violated rules resulting in abnormal price and fluctuations. (83 points, 28 comments)
  9. 1258 points, 4 submissions: dan_from_san_diego
    1. I started mining bitcoin in the desert. Here's some of what I have learned. (516 points, 575 comments)
    2. Chase is closing my account due to bitcoin purchases. Nice. (478 points, 410 comments)
    3. Here are some pictures of the solar greenhouse in the desert I am using to mine bitcoin. (140 points, 303 comments)
    4. Man... Brian Kelly from CNBC really fell hard for bitcoin. I like that! (124 points, 27 comments)
  10. 1250 points, 10 submissions: PoCaMiQu
    1. Can we fucking acknowledge that the Chinese Government just legitimized bitcoin? (604 points, 154 comments)
    2. WTF Huffington Post <---Fake News: "Bitcoin Plummets On Yuan Reversal" (218 points, 71 comments)
    3. This is what I like to see when checking daily's finances. (122 points, 22 comments)
    4. Beautiful balance (71 points, 13 comments)
    5. Reminder: Bitcoin's immutability is not only not a bug, but its main feature. Scalability comes secondary to it. (44 points, 20 comments)
    6. Bitcoin Price Gets Ready to Factor In Winklevoss Bitcoin ETF Approval (43 points, 24 comments)
    7. Paxful - a global leader in peer-to-peer bitcoin technology - has launched a new widget, allowing anyone to buy bitcoin worldwide instantly with over 300 ways to pay. (41 points, 34 comments)
    8. Scaling Revisited: What If Bitcoin's Big 'Problem' is Its Great Strength? (38 points, 16 comments)
    9. Flashback to the 90's: Interviewer asks Fed Chair "What is Blockchain?" (37 points, 21 comments)
    10. It seems all those FUD mongers were wrong when they predicted the price would crash without China's "liquidity" (32 points, 13 comments)
  11. 1155 points, 16 submissions: eragmus
    1. Ben Davenport (BitGo CTO): "Centralization of mining has led to some miners thinking they're in charge of Bitcoin. They forgot where Bitcoin's value comes from." (169 points, 112 comments)
    2. [Twitter Poll] Charlie Lee (Director of Engineering @ Coinbase): "What's the most important feature of Bitcoin that we must not sacrifice? Decentralization, Security, Low fees, Global payments" (116 points, 62 comments)
    3. Hernz: "Did you know you can get paid to help spread misinformation? -birds dot bitcoin dot com-" (hosted by Roger Ver) (106 points, 38 comments)
    4. The Passion of 'Bitcoin Jesus': How The Blockchain's Most Beloved Investor Became its Most Polarizing (101 points, 52 comments)
    5. Jonas Nick: "MimbleWimble blockchain (non-interactive coinjoin + pruning) may be able to support Lightning" / ref: Andrew Poelstra @ lists.launchpad.net/mimblewimble/msg00022.html (96 points, 19 comments)
    6. Bitcoin Core - IRC Meeting Summary (January 19, 2016) (83 points, 16 comments)
    7. Bitcoin Core - IRC Meeting Summary (January 12, 2016) (68 points, 7 comments)
    8. WhalePanda: "Analyzed @rogerkver's 'Cry Wolf' tactic on censorship on /bitcoin." (59 points, 16 comments)
    9. Inside MAST: The Little-Known Plan to Advance Bitcoin Smart Contracts (52 points, 8 comments)
    10. Bitcoin Core - IRC Meeting Summary (January 5, 2016) (51 points, 2 comments)
  12. 1155 points, 14 submissions: castom
    1. Russian Authorities: Bitcoin Poses No Threat, Won’t Be Banned (575 points, 80 comments)
    2. Bitcoin Goes to Washington - Trump May Hire More Digital Currency Leaders (86 points, 50 comments)
    3. With Another $30 Million Investment, BitFury becomes the Highest-funded Bitcoin Company (80 points, 3 comments)
    4. Nigeria's Bitcoin Interest Unwavering Despite Government Crackdown (64 points, 3 comments)
    5. German TV Calls Bitcoin "Digital Gold" (46 points, 3 comments)
    6. A Town in Illinois Just Announced It's Holding a Bitcoin Sale (46 points, 9 comments)
    7. Coinbase CEO: IRS Battle Could Cost Startup $1 Million (43 points, 15 comments)
    8. Xapo Now Licensed to Operate from Switzerland (39 points, 2 comments)
    9. Bitcoin Payments Startup BitPesa Raises $2.5 Million (32 points, 0 comments)
    10. Lawsuit Accuses Bitcoin ATM Owner of Smashing Competing Machines With Hammers (31 points, 18 comments)
  13. 1140 points, 4 submissions: bdd4
    1. sigh (859 points, 189 comments)
    2. As Predicted. 🙄 PBoC (137 points, 86 comments)
    3. Friendly Reminder: Bitcoin is still up 2.6% for the last 30 days (94 points, 8 comments)
    4. Dead Man's Switch for HODLers (50 points, 84 comments)
  14. 1104 points, 3 submissions: Vaultoro
    1. "Great minds discuss ideas; average minds discuss events; small minds discuss people." can we please stop this culture of bashing or lifting cults of personality and get back to science? (807 points, 143 comments)
    2. The house of Nakamoto in the main shopping strip of Vienna gets massive new bitcoin logo signage 2 stories big, 4 times 4 meters of epic propaganda! (265 points, 32 comments)
    3. I saw a post here that little snitch takes bitcoin. I just purchased a copy! Great little app and well worth 30 bucks. (32 points, 9 comments)
  15. 1088 points, 3 submissions: Carlscrazyidea
    1. You can now buy Bitcoin from any 7-11 in the Philippines! (1021 points, 136 comments)
    2. What is my impact as a Bitcoin holder? (41 points, 45 comments)
    3. I am a Hodling noob who still has a lot of Hodling work to do! (26 points, 30 comments)
  16. 1060 points, 7 submissions: Bitcohen
    1. Mercedes Buys Bitcoin Service Provider in 'Digitization Strategy' (518 points, 70 comments)
    2. Mercedes-Benz cars are now being sold for Bitcoin in Venezuela (348 points, 68 comments)
    3. Dutch Pirate Party pays 11,250 Euro deposit in Bitcoin to Electoral Council (68 points, 9 comments)
    4. Amir Taaki & Cody Wilson's Bitcoin support described by film critic as “defense of criminality” at Sundance Film Festival 2017 (44 points, 13 comments)
    5. Russia's Kaliningrad May Trial 'Legal' Bitcoin, Launch Exchange (31 points, 2 comments)
    6. Bitcurex Owner 'Disappears' After Failing to Return 2,300 BTC (26 points, 2 comments)
    7. Liverpool Launches Own Digital Currency Based on Bitcoin's Blockchain Tech - Attracts 3,000 Users in First Month (25 points, 1 comment)
  17. 1009 points, 1 submission: worstkeptsecrets
    1. Bitcoin on NewEgg. 3rd option! Ahead of Credit Card and PayPal! #ITSHAPPENING (1009 points, 92 comments)
  18. 975 points, 1 submission: SooieSide
    1. You can't get to the moon on a roller coaster. (975 points, 73 comments)
  19. 941 points, 4 submissions: Logical007
    1. UPDATE: Nearly all of Circle's 5 Star Ratings have disappeared today for their latest version (Jan 5th). A stark difference to what we saw earlier, looks like action was taken. (633 points, 177 comments)
    2. Bloomberg: Wyre CEO: "Bitcoin is a good investment for everyone." (VIDEO (188 points, 13 comments)
    3. Bitcoin isn't 'real money'. Google, you need to work on your search results. (85 points, 38 comments)
    4. Coinbase, please fix your merchant invoices on iOS 10. They haven't worked properly for months (while BitPay's work perfectly). Details and screenshot inside. (35 points, 5 comments)
  20. 896 points, 1 submission: amendment64
    1. Just paid 23 cents on a $3.74 transaction. When does it end? $1.00 per transaction? $2? $5? I don't wanna stop using this peer to peer currency, but I'm fast being priced out of it. (896 points, 1017 comments)
  21. 884 points, 2 submissions: theswapman
    1. Bitcoiner interrupts Shia LaBeouf's "He Will Not Divide Us" stream with chant that Bitcoin Will Unite Us! (456 points, 204 comments)
    2. PSA: Xapo will freeze your bitcoin and demand documents AFTER you have deposited (428 points, 101 comments)
  22. 820 points, 3 submissions: MorrisMustang
    1. South Florida Distillers uses heat from bitcoin mining to accelerate rum barrel aging! (709 points, 66 comments)
    2. "See, bitcoin is down 9.75% over the past month...I told you it crashed..." says my wife (72 points, 64 comments)
    3. EthereRum by South Florida Distillers, the worlds first rum distilled from mining heat. Stayed tuned for more details. (39 points, 21 comments)
  23. 799 points, 5 submissions: finalhedge
    1. Patrick Byrne (Overstock CEO) on Fox Business Channel today (288 points, 57 comments)
    2. "Sent my first instant bitcoin LN payment to a random irc user on testnet. Second-layer tech for the win!" | Justin Camarena on Twitter (250 points, 64 comments)
    3. Balaji Srinivasan (21 CEO) just deleted his whole tweet history. Heading to the FDA? (137 points, 69 comments)
    4. BARRY SILBERT'S BITCOIN INVESTMENT TRUST FILES FOR IPO (99 points, 10 comments)
    5. Bloomberg: 'Blockchain' Fans Will Have A Rude Awakening In 2017 (25 points, 2 comments)
  24. 798 points, 9 submissions: FluxSeer
    1. Gemini Introduces Zero-Confirmation Bitcoin Deposits (205 points, 69 comments)
    2. Bitcoin Mining Distribution 2012 vs. 2017 (146 points, 69 comments)
    3. When someone says Bitcoin is a ponzi/scam/etc... Send them this link. (131 points, 24 comments)
    4. Developer Release for OpenBazaar 2.0 (123 points, 45 comments)
    5. Federal Reserve Staffer Fined for Mining Bitcoins at Work (62 points, 4 comments)
    6. A Future Led by Bitcoin Unlimited is a Centralized Future (56 points, 38 comments)
    7. Blockstream joins Digital Garage to jointly develop next-generation financial technology (33 points, 15 comments)
    8. Bitcoin Matrix Wallpaper (1920x1080) (23 points, 6 comments)
    9. The ECB Explains Why Central Banks Can't Go Bankrupt (19 points, 7 comments)
  25. 796 points, 1 submission: kidblondie
    1. [AMA] I'm the woman who got pepper sprayed wearing the "Make Bitcoin Great Again" hat. (796 points, 938 comments)
  26. 709 points, 1 submission: silver_89
    1. Liftoff (709 points, 282 comments)
  27. 697 points, 2 submissions: Tfoe1399
    1. Huge shoutout to BTC.com for giving me back my money (666 points, 91 comments)
    2. So this just happened (31 points, 101 comments)
  28. 691 points, 3 submissions: jholmes91
    1. Antonopoulos Supports SegWit, Opens Doors For Lightning and TumbleBit (315 points, 112 comments)
    2. Donald Trump is Considering a Bitcoin Entrepreneur to Lead the FDA (220 points, 137 comments)
    3. Japanese Internet Giant GMO Announces Entrance to Bitcoin Wallet Market (156 points, 14 comments)
  29. 688 points, 2 submissions: belcher_
    1. bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails (543 points, 428 comments)
    2. Segwit talk by Pieter Wuille. 25 minutes talk time (145 points, 21 comments)
  30. 673 points, 9 submissions: Lite_Coin_Guy
    1. Litecoin Moves to Adopt Bitcoin's SegWit Scaling Upgrade (155 points, 86 comments)
    2. If Bitcoin ETF approval ignites speculative rush, doesn't that prove intense latent demand, blocked only by the SEC? (120 points, 22 comments)
    3. Big miners are free to create their Unlimited coin, but if they try to kill Bitcoin it will resist censorship and route around it. (108 points, 103 comments)
    4. What is money? (93 points, 56 comments)
    5. Charlie Shrems next jail time? (50 points, 15 comments)
    6. In 1996 they said the Internet was in need of a "killer app". In 2016, they said #Bitcoin needed a "killer app", too. (39 points, 17 comments)
    7. Introduction to Bitcoin & Blockchains (38 points, 5 comments)
    8. Evaporative Two-Phase Immersion Cooling (Bitfury) (37 points, 6 comments)
    9. Crypto '98 Rump Session- Hal Finney (33 points, 8 comments)
  31. 635 points, 8 submissions: olivercarding
    1. Bitcoin Has Many Fans at Amazon According to Purse CEO Andrew Lee (152 points, 39 comments)
    2. Bitcoin is Closing in On Its Transaction Capacity Limit, For Real This Time (110 points, 155 comments)
    3. The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme (105 points, 50 comments)
    4. How Bitcoin Is Disrupting The Online Gambling Industry (98 points, 74 comments)
    5. Report Estimates There are More Than 10 Million Bitcoin Holders Worldwide (91 points, 54 comments)
    6. Blockchain Announces Expansion in Middle East; Partners with Dubai Government (32 points, 7 comments)
    7. 3 Teams Receive Funding from $1.2 Million Bitcoin Development Grant, More Funds Incoming (27 points, 7 comments)
    8. Digital Garage and Blockstream Collaborate on New Blockchain Solutions for Japanese Market (20 points, 0 comments)
  32. 630 points, 1 submission: classna
    1. FOMO-ing right now (630 points, 85 comments)
  33. 621 points, 7 submissions: _smudger_
    1. Bitcoin: Why It Now Belongs in Every Portfolio (206 points, 33 comments)
    2. Bitcoin ETF may attract $300 million in the first week, says Needham & company (205 points, 103 comments)
    3. It's time to start thinking about denominating Bitcoins in mBTC permanently. Might be the last time to buy some for less than a dollar each! (82 points, 127 comments)
    4. Big China bitcoin exchange says no government pressure on outflows (46 points, 6 comments)
    5. New weekly record in Local Bitcoin volumes plus new highs in Canada, Colombia, Denmark, Saudi Arabia, Thailand and Venezuela (36 points, 1 comment)
    6. Despite the recent drop the price is hitting new records when averaged over a year (24 points, 10 comments)
    7. Press Release: CD Key retailer CJS CD Keys now Accepting Bitcoin (22 points, 3 comments)
  34. 597 points, 1 submission: arichnad
    1. mac has the new bitcoin Unicode character already! (597 points, 81 comments)
  35. 594 points, 1 submission: drvox1600
    1. Bitcoin just hit $1000 USD! :D (594 points, 147 comments)
  36. 573 points, 4 submissions: bitcoinglobe
    1. Japanese internet giant, GMO, entering bitcoin exchange and wallet markets (451 points, 26 comments)
    2. Abra overview (52 points, 22 comments)
    3. Japan Could See 20,000 Bitcoin Accepting Merchants in 2017 - CryptoCoinsNews (44 points, 5 comments)
    4. Bitcoin is gold with a teleporter (26 points, 2 comments)
  37. 567 points, 9 submissions: PrimeParticle
    1. "Introduction to Bitcoin" - Andreas Antonopoulos (Probably one of the best videos for introducing bitcoin). (131 points, 7 comments)
    2. Venezuela's currency now worth so little shopkeepers weigh vast piles of notes instead of counting them (118 points, 42 comments)
    3. Coins are cheaper in China by $30 to $50 dollars for the first time in a long time, that means... (92 points, 87 comments)
    4. Andreas Antonopoulos - The Death of Money | London Real (57 points, 1 comment)
    5. Abra: Bitcoin To Fiat Withdrawals At Tellers Globally! - 2017 North American Bitcoin Conference (47 points, 14 comments)
    6. Remember that you can use CPFP or RBF to get your transactions confirmed faster. (45 points, 46 comments)
    7. Bitcoin Q&A: The Lightning Network & Rootstock (30 points, 1 comment)
    8. Public Perception of Bitcoin is Slowly Shifting Amid Global Financial Turmoil (25 points, 1 comment)
    9. Bitcoin is shrugging off some big news of out of China (22 points, 1 comment)
  38. 561 points, 1 submission: kevsudos
    1. Bitcoin Hodlers Be Like........ (561 points, 96 comments)
  39. 543 points, 1 submission: turn-down-for-what
    1. $1,000! (543 points, 49 comments)
  40. 539 points, 1 submission: BlahYourHamster
    1. [META] Can we use the Bitcoin Rollercoster Guy as the upvote and downvote arrows? (539 points, 49 comments)
  41. 538 points, 7 submissions: themetalfriend
    1. The real superhero (210 points, 15 comments)
    2. Countries where you can survive on Bitcoin (map) (76 points, 88 comments)
    3. How practical is it to live on Bitcoin: historical progress (gif) (63 points, 40 comments)
    4. Among the countries with the strongest Bitcoin adoption: Slovenia, Finland, Singapore, Hong Kong, Canada, Switzerland (63 points, 13 comments)
    5. Long-term bitcoiner checking this sub (51 points, 9 comments)
    6. The complete list of the factors that influence the value of Bitcoin (45 points, 29 comments)
    7. Will Bitcoin work on Mars? (30 points, 41 comments)
  42. 521 points, 2 submissions: roasbeef
    1. Announcing the Alpha Release of the Lightning Network Daemon! (427 points, 152 comments)
    2. Setting up and Testing LND with the Testnet Lightning Faucet (94 points, 7 comments)
  43. 506 points, 1 submission: ToTheMoonGuy
    1. Super Bowl Bitcoin Lady (506 points, 37 comments)
  44. 484 points, 1 submission: ssienk117
    1. My new Phone background. Thanks u/SooieSide/ (484 points, 30 comments)
  45. 472 points, 2 submissions: Wingsuit
    1. I think duck duck go should improve their decimal accuracy (386 points, 41 comments)
    2. Bitcoin achieves leetness in Australia (86 points, 12 comments)
  46. 470 points, 1 submission: robertgenito
    1. The REAL good ol' days of bitcoin... (470 points, 103 comments)
  47. 444 points, 1 submission: loserkids
    1. Bitcoin saved my ass in South East Asia (444 points, 115 comments)
  48. 441 points, 1 submission: boyber
    1. LibreTaxi, free and open source UbeLyft alternative to connect passengers and drivers - bitcoin integration on the way! (441 points, 94 comments)

Top Commenters

  1. nullc (2659 points, 215 comments)
  2. kidblondie (2127 points, 89 comments)
  3. BashCo (1530 points, 293 comments)
  4. dellintelbitcoin (1400 points, 372 comments)
  5. smartfbrankings (1141 points, 265 comments)
  6. belcher_ (1031 points, 149 comments)
  7. Frogolocalypse (986 points, 322 comments)
  8. dan_from_san_diego (949 points, 554 comments)
  9. Cryptolution (851 points, 226 comments)
  10. Vaultoro (822 points, 100 comments)
  11. thieflar (792 points, 231 comments)
  12. Lite_Coin_Guy (748 points, 219 comments)
  13. Cryptoconomy (728 points, 134 comments)
  14. Coinosphere (723 points, 282 comments)
  15. luke-jr (718 points, 141 comments)
  16. waxwing (707 points, 117 comments)
  17. bitsteiner (658 points, 157 comments)
  18. BitttBurger (646 points, 157 comments)
  19. shesek1 (607 points, 132 comments)
  20. pb1x (595 points, 76 comments)
  21. jratcliff63367 (591 points, 45 comments)
  22. supermari0 (587 points, 131 comments)
  23. bitusher (581 points, 96 comments)
  24. 4n4n4 (576 points, 79 comments)
  25. coinjaf (562 points, 225 comments)
  26. glockbtc (541 points, 168 comments)
  27. 45sbvad (539 points, 102 comments)
  28. killerstorm (536 points, 119 comments)
  29. adam3us (527 points, 66 comments)
  30. maaku7 (527 points, 63 comments)
  31. nopara73 (523 points, 120 comments)
  32. phor2zero (499 points, 66 comments)
  33. PrimeParticle (496 points, 108 comments)
  34. sreaka (495 points, 155 comments)
  35. jonny1000 (488 points, 98 comments)
  36. CoinCadence (487 points, 77 comments)
  37. SatoshisCat (480 points, 150 comments)
  38. petertodd (473 points, 24 comments)
  39. spoonfednonsense (472 points, 126 comments)
  40. Hitchslappy (472 points, 102 comments)
  41. albuminvasion (466 points, 84 comments)
  42. Taek42 (456 points, 44 comments)
  43. chrisrico (452 points, 87 comments)
  44. AnonymousRev (451 points, 115 comments)
  45. the_bob (443 points, 114 comments)
  46. satoshicoin (438 points, 65 comments)
  47. Riiume (434 points, 83 comments)
  48. exab (430 points, 125 comments)
  49. jimmajamma (422 points, 141 comments)
  50. brg444 (421 points, 69 comments)

Top Submissions

  1. "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami by futureofeverything (3136 points, 227 comments)
  2. Clearly not mainstream yet by tuqqs (2808 points, 104 comments)
  3. Countdown: Bitcoin Will Be a Legal Method of Payment in Japan in Two Months by helmsk (2316 points, 151 comments)
  4. Internet Archive: $3000 donated anonymously to the @internetarchive in bitcoin just now. Made our day! Thank you! by bahatassafus (1941 points, 31 comments)
  5. Welcome to Bitcoin, everyone. Don't worry, he'll recover. by Pizpie (1353 points, 155 comments)
  6. Deutsche Bank - More than $10 billion in transactions never appeared on the books. That's why banksters don't want to use public blockchains. by kynek99 (1338 points, 96 comments)
  7. Julian Assange just used the current block hash as proof-of-not-prerecorded-interview in his AMA by umbawumpa (1294 points, 182 comments)
  8. When you ride the bitcoin rally by Butt_Cheek_Spreader (1189 points, 204 comments)
  9. what it'll look like, when it happens by tuqqs (1124 points, 195 comments)
  10. You can now buy Bitcoin from any 7-11 in the Philippines! by Carlscrazyidea (1021 points, 136 comments)

Top Comments

  1. 380 points: Tyatku's comment in When you ride the bitcoin rally
  2. 340 points: Vaultoro's comment in Just paid 23 cents on a $3.74 transaction. When does it end? $1.00 per transaction? $2? $5? I don't wanna stop using this peer to peer currency, but I'm fast being priced out of it.
  3. 323 points: jamesdpitley's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  4. 290 points: Clutch70's comment in Clearly not mainstream yet
  5. 212 points: BitcoinDreamland's comment in South Florida Distillers uses heat from bitcoin mining to accelerate rum barrel aging!
  6. 206 points: bitpotluck's comment in FOMO-ing right now
  7. 195 points: howardkinsd's comment in Clearly not mainstream yet
  8. 182 points: beloboi's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  9. 181 points: BattleChimp's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
  10. 179 points: kidblondie's comment in [AMA] I'm the woman who got pepper sprayed wearing the "Make Bitcoin Great Again" hat.
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

Bitcoin Tutorial: Episode 2: Centralized vs Decentralized Ledgers Ledger Nano S Bitcoin Wallet VS Private Key Security Das größte Blockchain Projekt! Was ist Hyperledger? Teil 1 Public vs Private Blockchain - Bitcoin and Ethereum vs ... Best Bitcoin Wallet 2020: Safest Cryptocurrency Hardware ...

Concept of Validating Transactions - Bitcoin Stack Exchange. The most crucial difference between is the way they are designed and their target audience. Here's a simple guide on how you can buy or sell Bitcoin Cash in the Philippines. Bitcoin private vs bitcoin cash #keypool=100 # Enable pruning to reduce storage requirements by deleting old ... Ethereum Vs Hyperledger. Hyperledger. Hyperledger is not a specific technology, but rather a group of blockchain & DLT based projects under the Linux Foundation banner for the collaborative ... Hyperledger vs Ethereum With all the success surrounding Ethereum , one would expect that many high-profile companies would have started building their DApps on Ethereum, but reality, most companies have not but instead prefer to use a different type of distributed ledger technology, one that is more private and one that in essence, more centralized which is called the Hyperledger . For example, Bitcoin uses its currency “bitcoin” as medium for exchange. Ethereum uses “ether”. But Hyperledger Fabric does not use an own currency. 8. Scripting. Scripting refers to the ... Hyperledger is now capable of handling up to 20,000 tps, keeping its network fast and efficient for users. Public blockchains are generally slower as the number of authorized participants in greater. Hence these blockchains process transactions at a delayed pace, while transactions on private blockchains do not need to go through hundreds or thousands of nodes to verify the data. Therefore ...

[index] [48237] [3948] [48863] [2294] [25608] [50674] [7252] [31233] [10310] [40473]

Bitcoin Tutorial: Episode 2: Centralized vs Decentralized Ledgers

Wallet VS Exchange WithEmpato. Loading... Unsubscribe from WithEmpato? ... How to Withdraw Bitcoin From Coinbase and Store it in Your Own Wallet - Duration: 6:29. Rex Kneisley 5,600 views. 6:29 ... Visit our website: https://altcoinbuzz.io In this video, Kunal describes the difference between public and private blockchains, and how BTC and ETH stack up ... What is a decentralized ledger? How is it different from a centralized ledger GET STARTED WITH CRYPTOCURRENCIES TODAY Sign up for a Coinbase account to buy your first Bitcoin: https://www.coinbase ... Best Bitcoin Wallet? This guide is about one of the safest hardware crypto wallet currently on the market that is not a Ledger wallet or Trezor wallet. BC Va... Hallo zusammen, in diesem Video stelle ich euch Hyperledger vor. Viel Spaß! Telegram Gruppe (Blocktrainer): https://t.me/joinchat/HpIfGBI3tv0NlBe4OzRrkw Tw...

#