‘Official’ Blockchain Standards for 2019

The brief details the government’s official definitions of blockchain rules. Explicit justifications may seem relatively harmless or really cautious, but such formal justification is an attempt to limit rather than the development of decentralized technologies. The initial, preliminary investigation of the statements also emphasizes what can be generously labeled as controversial logic.

“China is preparing to release official standards for blockchain technology next year. An official told Xinhua that the technology would” provide some leadership in the industry. “

Li Ming, director of the Blockchain Research Bureau at the Ministry of Industry and Information Technology (MIT), said work had begun on setting standards for Xinhua’s Economic Information Agenda. However, Lee said the standards would give the blockchain developers some guidance, and that officials did not expect official instructions to “accelerate the development of the industry.” Despite efforts to reduce the financial risks associated with cryptocurrencies and the first coin offerings, the Chinese government has sought to support the development of the blockchain. China became the world’s largest blockchain patent source in 2017, and last September saw a blockchain research center opened by the Chinese Academy of Information and Communication Technology, a research institution under MIIT.

The new standards, developed by the Blockchain Research Office, will include guidelines for blockchain implementation in terms of performance, information security and reliability. Despite the exciting potential around blockchain, the technology remains in its infancy. According to Baimaohui Security Research Center, an online security expert who works with Alibaba and Huawei, security problems caused about $ 2.9 billion in global losses between 2011 and 2018 without clear regulations.

According to Baimaohui, in the last two years alone, $ 1.9 billion has been lost due to blockchain security issues. As China’s leading technology firms and banks apply for blockchain patents, the Ministry of Public Security is examining how the technology will improve data services and increase public confidence in supply chains. Earlier this week, data from China’s Bureau of Intellectual Property showed that a patent application had been filed by the Ministry of Public Security for a blockchain system to protect immutable data in the cloud in a reliable and transparent manner. Such a system can be used and shared by police across the country, allowing information to be shared quickly between different agencies. (CGTN) “

To begin with, let’s not forget the difference between decentralized opportunities and centralized services. A regional competent service naturally follows geographically specific management laws. For example, an international fast food chain may sell alcoholic beverages in some European countries, but the same operator is not allowed in North America. This change is possible because the service change is localized. Having ‘official’ guidance on decentralized opportunities means imagining access to or use of decentralized services in accordance with regional or similar legislation. Can not be. Not centralized.

Second, the U.S. Government Accountability Bureau (GAO) estimated that the 2008 financial crisis cost $ 12.8 trillion. It also leaves out further aid, unemployment and the devastating consequences that millions have suffered.

The causes of the 2008 financial crisis were mainly related to regulation, paperwork (double-dip and merger), subprime mortgage sales, and the Federal Reserve’s increase in interest rates on subprime borrowers. In short, measures taken by the government, the banking and financial industries.

Conversely, losing less than $ 3 billion over seven years for one type of activity is considered negative. Regardless of political affiliation, decentralized technologies offer individual choice that can be applied independently. Individual losses resulting from wrong decisions, such as ICO investments, are covered. In addition, it is a conscious participation that any person can invest or acquire only a certain amount under immediate control. Compare this ceiling to the one-sided dimensions that can be achieved by governments and companies.

The inclusion of decentralized technology in the operating rules of a regional government can no longer prove anything other than double-entry methods. When used by persons who cannot be under the control of a common state, the centralized technological potential itself must be discovered to the same extent.

What is Bitcoin and Blockchain and why is it important to invest now

There is a growing interest and buzz around bitcoin these days. Have you heard of it before or not? In either case, it’s a multi-trillion-dollar financial industry that flies under the radar of most people (only 2% of the population is aware of its existence), which is the best time to take a stand against it. hit the general flow. It’s too late for cryptocurrency to be conscious because it’s viral. Some universities even offer bitcoin, cryptocurrencies and blockchain technology classes!

What exactly is Bitcoin?

Bitcoin is a digital currency (or digital money) stored electronically, ie not as material as fiat currency (dollar, euro, yen, etc.). It is created cryptographically and is thus a cryptocurrency. Works on open source software and is not managed by organizations. It is decentralized and not managed by banks or the government.

What is a blockchain?

Blockchain technology is where bitcoin and other cryptocurrencies exist. Blockchain is also used for applications other than cryptocurrencies, such as the processing of smart contracts. In short, a blockchain is a decentralized digital book. Keeps records of all transactions that take place inside and are managed by a peer-to-peer network. This means that individuals and businesses use it to transfer digital assets to each other via the Internet without the need for a third party (ie banks, governments).

Blockchain Technology and Investing in It

From a business perspective, blockchain technology aims to improve business processes and significantly reduce costs. At the same time, it will allow businesses to provide more service benefits to customers. For example, financial institutions can use blockchain technology to improve processes for things like settlement and insurance.

From an individual point of view, blockchain technology offers opportunities to earn significantly higher returns on cryptocurrency investments than traditional investments.

Blochchain technology and cryptocurrencies are rapidly proving to be an integral part of the future of money and finance in the global economy. It will soon become widespread in the global financial market, and those who invest as soon as they master this wonderful innovative technology will be among the newest millionaires in the years to come and beyond.

We are in the third big wave of the Internet. The first is websites and domain names (dotcom boom), the second is social media (dating sites, Twitter, Facebook, YouTube, etc.), and the third is blockchain technology, bitcoin and other cryptocurrencies. This is a great time to settle down.

Hyperledger in the Blockchain World. What makes it different from other solutions?

Of course, everyone has heard the words Ethereum and Bitcoin. As part of the blockchain world, they have attracted worldwide media attention. In general, blockchain technology has gained business interest due to its decentralized, unchanging and transparent nature. Other notable projects in recent years include the Hyperledger.

What is a hyperledger?

Hyperledger is an open source project for blockchain and related tools hosted by the Linux Foundation. It was established in 2015 and aims to develop cross-sectoral blockchain technologies. Hyperledger does not support cryptocurrencies and does not represent a cryptocurrency network or a traditional blockchain.

What is Hyperledger for? The project intends to facilitate developers, and businesses are working to adopt a blockchain. Provides the necessary standards and infrastructure to develop and implement blockchain solutions in various industries.

Depth of Hyperledger

The Hyperledger project can basically look like a house with open source development tools and libraries and modular frames under a flat roof.

One of the most widely used digital notebooks is called Hyperledger Fabric. It is an allowed blockchain infrastructure that plays a fundamental role in creating applications or solutions with a modular architecture.

Hyperledger Besu is an Ethereum client designed for corporate use for both general and specific use cases of authorized networks. The next framework, Hyperledger Burrow, works on smart contracts and represents a complete binary block chain distribution that supports EVM and WASM.

Hyperledger Indy can work autonomously or even work with other blockchains. Indy is designed specifically for decentralized personalities. The easiest to use modular distributed platform is called Hyperledger Iroha. The framework includes a role-based authorization model and multi-signature support. Iroha was developed for digital asset management systems and is used to manage identity and serial information. As part of the Hyperledger system, there is no cryptocurrency here.

The digital book Hyperledger Sawtooth offers a modular architecture in which smart contracts can set operating rules for applications without knowing the basic design of the system. Sawtooth uses the Python programming language and simplifies the placement and storage of the final program.

Hyperledger applications compared to other corporate solutions

Let’s look at the differences between traditional web portals and blockchain-based solutions. The former lacks speed, security, and tracking, while the blockchain offers advanced operations and advanced security provided by smart contracts and encryption. Especially when it comes to Hyperledger dApps, they stand out for their ability to manage complex workflows in a matter of hours.

There are several key differences when it comes to unauthorized blockchain solutions and allowed Hyperledger applications. Unauthorized blockchain solutions involve zero regulation, allow anonymous cryptographic identities, and generally represent social systems in a shared book. Fake tracking is code based and transactions cannot be changed.

Hyperledger applications are both public and private systems where workflows are controlled by regulators. Participants in hyperledger applications can be real and identifiable, and operational identities can also be tracked.

In general, Hyperledger provides distorted data exchange and cryptographic verification of contract terms and transactions. A toolkit is rich in platforms and frames that can be selected according to job characteristics. Finally, the solution application will help integrate databases, increase performance and scalability, minimize fraud risks, protect sensitive data, and facilitate ROI.

Areas ready for hyperledger reception

Hyperledger has already entered many areas such as supply chain management, retail, healthcare, FinTech, IoT, banking and manufacturing. Companies using the technology include Walmart, Amazon, Nestle, Visa, Maersk, China Postal Savings Bank and others.

To start your enterprise innovation through the application of Hyperledger, you need to choose a competent Hyperledger development company that will design a custom solution to cope with the problems in your business.

Blockchain & IoT – How "Crypto" Most likely, Herald Industry is going to 4.0

As more people start learning about the “blockchain” due to Bitcoin, its roots and applications go deeper.

Blockchain is a technology in itself. It strengthens Bitcoin, and in fact is the reason why * so * new ICOs are hitting the market – creating an “ICO” is ridiculously easy (there are no barriers to entry).

The purpose of the system is to create a decentralized database – which means that a computer network (usually managed by individual people) can operate, rather than relying on people like Google or Microsoft to store data. in the same way as a larger company.

To understand the consequences of this (and thus where technology will take the industry), you need to look at how the system works at a basic level.

Created in 2008 (1 year before Bitcoin), it is an open source software solution. This means that the source code can be edited and downloaded by anyone. However, it should be noted that the central “repository” can only be changed by certain individuals (so the “development” of the code is generally not free for everyone).

The system works with something known as a merkle tree – a type of data graph created to provide a version of data to computer systems.

Merkle trees have been used to make a big impact in a number of other systems; especially “GIT” (source code management program). Without much technicality, it basically stores a “version” of some data. This version is numbered and can therefore be downloaded when the user wants to recall the old version. In the case of software development, this means that many source code can be updated on more than one system.

The way it works – is to store a large “document” along with a central data set updates – is basically something that Bitcoin and all other “crypto” systems love. The term “crypto” simply means “cryptographic”, which is a technical term for “encryption”.

Regardless of the main work, the real benefit of a broader “chain” approach is almost the “paradigm” it gives to the industry.

There is an idea called “Industry 4.0” that has been floating for decades. The idea, often compared to the Internet of Things, is that a new layer of “autonomous” machinery can be applied to create more efficient production, distribution and delivery methods for businesses and consumers. Although it was often likened to it, it was never accepted.

Many experts are now looking at technology to facilitate this change. The reason is that the interesting thing about “crypto”, especially as people like Ethereum have proven, is that the various systems built on it can actually be programmed to work with a single layer of logic.

This logic is really what IoT / Industry 4.0 has missed so far, and why do so many look to the “blockchain” (or equivalent) to provide a base-level standard for new ideas to move forward? This standard will allow companies to create “decentralized” applications that enhance smart machines to create more flexible and efficient production processes.

The Future of Blockchain Technology in the Insurance Industry – Blockchainerz

What is insurance?

Insurance is a method of protection against money-related losses. It is a type of risk management that is mainly used to support the risk of an unforeseen accident.

The Insured may inform an intermediary about an accident or a claim and provide the required information to the Insurance Specialists, specifically to the Insurer and, if necessary, to the Reinsurer. Claim insurance is confirmed by a receipt to the Insured.

From now on, the Plaintiff’s Agent may request additional information for the claim through an external source. After this step, when each of the conditions is met, the claim is approved and the installment is initiated through the Insurer’s Claim Agency. Insurance is subject to various fraud schemes. From sharing a post-divorce insurance plan to hiding drug diagnoses. So how does the blockchain help in this area?

The future of blockchain technology is seen as the biggest image of the fourth industrial revolution and a potential disruptor for some organizations and businesses, including the insurance industry. Even the technology is still in its infancy, it has simply demonstrated what it can do: simplify printing materials, increase information security, and increase costs to backup organizations by removing tedious forms of work.

Update Blockchain Technology:

  • Blockchain is a large, centralized, advanced record that has reliably survived and has a large number of exchange records. Blockchain systems aim to write something for electronic money from physical sources and can be accessed openly for all incoming meetings.

  • After the verification process, a transaction block is confirmed by a time stamp and added to the blockchain network with a straight sequential request. The additional block is then linked to the previous blocks, creating a blockchain that contains information on each operation performed so far in the history of that blockchain.

How Blockchain Technology Can Benefit The Insurance Industry:

Blockchain was mostly familiar with Bitcoin, but the applications simply went through electronic cash registers. At the same time, it can intensify inventive and problematic changes in areas other than finance, such as the insurance business model. In addition to recording electronic cash and financial transactions, this technology can be part of an insurance, health project.

  • The insurance company manages a series of different procedures, mainly covering an insurance contract to be signed. Processes can consist of getting an insurance policy, demanding a customer rating, a fake policy, or managing it.

  • Because blockchain technology was dealing with smart contracts at the time, insurance industry experts claim that the technology could change insurers’ relationships with customers. The insurance industry depends on a lot of information, similar to different industries, and the blockchain can strengthen all or most of the data-related transactions for this industry through smart contracting.

  • In this regard, a smart contract can encourage, enforce, and enforce the discussion or application of an insurance contract through blockchain technology. Insurance contracts are unpredictable and incomprehensible, so a smart contract can enhance the productivity of the insurance respect chain where time, effort or money is spent to validate the information before preparing transactions.

Or

The main points of the blockchain affecting the insurance industry:

1. Increase confidence:

There is an extraordinary confidence in the financial services industry. Although it is the main point of the main bank, the fragmentation of trust affects all enterprises. Lack of trust, high costs and inefficiency of insurance all play a role in the unusually high level of insurance. Blockchain technology encourages increasing customer confidence because it provides smoothness and transparency.

2. Increase efficiency:

When changing insurance agencies or health care providers, know how wasteful it is to start covering or caring for the information division process. In addition, customers have a fear of losing control of their data. Blockchain provides an answer for speed efficiency and security, which will allow one person to manage personal data while writing to the authentication block chain.

3. Claiming advanced claims through smart contracts:

Each of the insured and the insurer still has problems that blockchain and smart contracts can solve. Insurers usually find insurance contracts long and imaginative, while insurance agencies struggle with a variety of unusual frauds. Thanks to blockchain and smart contracts, both will benefit by sensitive and transparent control over requirements. And it starts with recording and approving contracts on the blockchain. Once a claim is filed, the blockchain can only guarantee the payment of significant or reliable single work. However, when the network has multiple events from the same accident, the blockchain can lead to the settlement of the claim without any human mediation, which increases the speed of settlement of claims.

4. Detection and prevention of fraud:

One of the most compelling reasons why insurance agencies need to investigate the blockchain is their ability to detect and prevent fraudulent or illegal activities. 5-10 percent of all cases are expected to be fraud. Blockchain is a decentralized store of technology and a historical record where customers can uniquely check their policies and operations. Every insurance agency needs to take action today to understand how blockchain innovation can work together today and beyond.

This is a way that blockchain technology will help or participate in an insurance industry in the future. If you want to update your concepts or read the latest news about Blockchain & Cryptocurrency Technologies, you can stay in touch with us.

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AENCO Blockchain A window

Aenco will integrate the solution platform and key funding ecosystem with the wider health technology community through the AEN sign as the core ecosystem structure and extensions within all services and community provision.

AENCO – Blockchain-based Health Technology Financial Solutions Platform

Aenco is the world’s FIRST Blockchain-based Health Technology Financial Solutions Platform

Uses health technologies with institutional funding, key intermediation and smart capital solutions under one umbrella. HealthTech is a “one-stop shop” for industry-leading institutional financing, key intermediation and delivery of key smart capital solutions, as well as a research and collaboration center for healthcare companies and projects involved in blockchain development. It will integrate the solutions platform and the core financial ecosystem with the wider health technology community. empower emerging and innovative healthcare companies with digital financing capabilities so that they can focus on creating high-potential and effective technologies that can change our world and our daily lives. The Group’s planned regulated infrastructure (including the establishment of a commercial bank within the group) and large jurisdictions, including Europe, Hong Kong and the United States, are supported by Aenco, which will effectively deliver solutions, growing and developing rapidly. ecosystem.

AENCO’S 3 MAIN COLUMNS

1. IB Solutions AEN Connect – Smart Wallet and Aenco Portal; AENX – Exchange platform for badges; AEN Connect Trust and Trusteeship; ICO Gateway, Subscription and Loyalty Program; Research Coverage, Community Discussion and News Dissemination Portal; UX / UI application for multi-service HealthTech utility sharing platform.

2. Prime Solutions AEN Connect – a secure financial platform between cryptocurrency and assets; A pool and order matching platform for financing providers and borrowers who use cryptocurrencies and major Fiat currencies as collateral; Integration with Aenco SmartCap Solutions to facilitate the cleaning of Fiat currencies; Margin and clearing system for guarantee financing and release of over-the-counter products; Customer retention and asset allocation system; Regulatory and financial reporting protocols; Integration with AENX and external API systems for execution and settlement services.

3. SmartCap Solutions – AEN Token transaction integration system, which are the main financial modules; AEN Connect “share proof” integration system with smart wallet and key financial modules; Integration system with AENX and Aenco Prime Platform to support clearing services.

AENCO PLATFORM Rules and Beyond

They follow the rules set by regulators around the world, and the structure of these regulators may have taken a different approach to ICOs, generally moving towards greater clarity of the necessary regulatory framework governing the requirements of token issuers in order to provide greater protection. to market participants and better disclosures. To address regulatory aspects, Aenco is expanding into new markets for regulated participation in several major jurisdictions, based on a long-standing traditional business infrastructure.

They believe that it is only a matter of time before the ICO will be seen as a key alternative financing tool for growth companies and that the global regulatory framework will grow to respond to the new challenges that arise. As they believe in creating a sustainable service platform for emerging companies and entrepreneurs, the group is building a globally regulated platform on major continents and markets.

In the context of HealthTech-based start-up companies and medical innovation, the successful combination of healthy science and strong funding is paramount to potential growth and discovery. However, due to the capital intensity of the work, the ability to find a sustainable and effective source of funding for emerging biotechnology and medical technology companies is extremely difficult.

The Aenco platform strives to be at the forefront of this sensational technology and community development, while also demonstrating a long history of regulated operations and commitment to the adoption of blockchain-based applications for both digital assets and emerging financial services.

Aenco believes that digital financing, such as ICOs, is rapidly becoming a “mainstream” and that many aspects of traditional banking associated with this development can be adopted, developed and applied to the blockchain.

community. Aenco will be the first to adopt such digital financial integration to serve the HealthTech sector and its important community.

Aenco’s goal is to create a global full-service blockchain-based financial solutions platform that operates within a globally accredited regulatory framework in the face of growing regulatory demands, using a decentralized blockchain-based financial ecosystem that combines traditional and modern methods of capital market services. Such services should be reinforced and capitalized with an internally developed basic utility token “AEN” as a medium of exchange that can be exchanged for the accepted major cryptocurrency (BTC, ETH); Evidence of AEN shareholders has the right to benefit from pre-defined assistance benefits in the Aenco ecosystem.

AENCO CORE TECHNOLOGY

1. CLOSE AEN: “Wealth Application” Functional Smart Wallet

2. AENCO Ico Gateway and Platform

3. AENCO Security Wallet with Enhanced Security

4. Home Advanced Trading Exchange (“AENX”)

5. Integrates Aen Connect Application and API within Multi-Service Platforms

6. Aenco Centralized General Brokerage Platform (“AENCO PRIME SOLUTIONS”)

Advantages of AEN TOKEN owner

1. Indicator financial benefits and uses

– Secured Lending, Reduced Payment, Interest Rise and Fall, Alternative Investment Concessional Investments, Access to the ICO Research Portal, Increase Security, Extended Flexibility and more.

2. Medical Benefits from HealthTech Partners

– Robotic Surgery, Surgical Procedures and Technology, Specialized Facilities and Services and more.

AEN TOKEN SALES

Token sales are currently in the special sales phase.

The United States, Samoa, China and OFAC-sanctioned countries do not accept contributions. For Hong Kong-based donors, you must be selected as a “Professional Investor” under the Hong Kong SFC Guidelines and Rules and provide proof of wealth. Requires you to register. You are required to pass our KYC Verification to obtain AEN tokens. First investor award for special sales and pre-sale period. Once the contribution is confirmed, you will be given AEN tokens. The token distribution date will be after the ICO. The full date will be announced soon. Depending on the contribution phase, there will be restrictions on withdrawals.

AEN CONTACT DETAILS

Telegram – https://t.me/AENCO

Facebook – https://www.facebook.com/AENCOIN/

Twitter – https://twitter.com/aencoin

Author: Marlo C. Lucena – marloulucena@gmail.com

3D Blockchain Application Platforms

3D blockchain application platforms are already available. These are projects developed using cryptocurrency. The program is regulated by the use of different types of cryptocurrencies. When you have a small business, it is only possible to make very interesting presentations using such programs to manage projects more effectively and efficiently. This means you may be in a position to better manage different business services or even a store.

Why 3D blockchain is used

The main reason why such programs are created is to facilitate the work of people who have no computer science. This allows them to avoid having to use compilation code, which can be very laborious and difficult. When you have an open secure 3D blockchain application platform, you can get a lot with even minimal knowledge.

Most projects aim to offer help to the community. The projects aim to help different people who do not have sufficient financial resources. These are companies that are struggling to compete with key players in the field. Large companies advertise and so on. They are ready to send as many things as they can. This means that they can reach a wider audience. They have limited resources for small businesses, and that means fighting to achieve whatever kind of growth they want. Sustainability of the field is difficult for small businesses. These 3D platforms were created.

How they work

3D blockchain applications allow users to interact. They can communicate directly. Users can share different opinions, shop, order performances and play games without removing virtual reality headphones. This is because all applications and games on the 3D platform are compatible.

The platform offers a place where it is possible to create decentralized applications. This is related to store management and services, and these are limited. Each user has the freedom to choose a project that interests him. The 3B world allows them to communicate easily and directly, so you can share your thoughts without any problems. It is possible to shop, play games and place different orders.

Benefits to trading

The 3D blockchain helps business owners who are not technologically savvy and do not know much about computer science or even information technology. This makes it very effective to have a 3D platform that helps its customers reach a large population.

The main benefit to trading is that they don’t have to spend a lot of time writing projects. There are very few steps that can be followed to choose the right template for projects. You can publish and manage your work in a short time.

These platforms have some advanced features, including privacy, encrypted messaging, social networking and transaction blocks.

3D Blockchain Application Platforms

3D blockchain application platforms are already available. These are projects developed using cryptocurrency. The program is regulated by the use of different types of cryptocurrencies. When you have a small business, it is possible to make very interesting presentations to manage projects more efficiently and effectively just by using such programs. This means that you may be able to better manage different trading services or even one store.

Why 3D blockchain is used

The main reason why such programs are created is to facilitate the work of people who have no computer science. This allows them to avoid having to use compilation code, which can be very laborious and difficult. When you have an open and reliable 3D blockchain application platform, you can get a lot with even minimal knowledge.

Most projects aim to offer help to the community. The projects aim to help different people who do not have sufficient financial resources. These are companies that are struggling to compete with key players in the field. Large companies advertise and so on. They are ready to send as many things as they can. This means that they can reach a wider audience. They have limited resources for small businesses, and that means fighting to achieve whatever kind of growth they want. Sustainability of the field is difficult for small businesses. These 3D platforms were created.

How they work

3D blockchain applications allow users to interact. They can communicate directly. Users can share different opinions, shop, order performances and play games without removing virtual reality headphones. This is because all applications and games on the 3D platform are compatible.

The platform offers a place where it is possible to create decentralized applications. This is related to store management and services, and these are limited. Each user has the freedom to choose a project that interests him. The 3B world allows them to communicate easily and directly, so you can share your thoughts without any problems. It is possible to shop, play games and place different orders.

Benefits to trading

The 3D blockchain helps business owners who are not technologically savvy and do not know much about computer science or even information technology. This makes it very effective to have a 3D platform that helps its customers reach a large population.

The main benefit to trading is that they don’t have to spend a lot of time writing projects. There are very few steps that can be followed to choose the right template for projects. You can publish and manage your work in a short time.

These platforms have some advanced features, including privacy, encrypted messaging, social networking and transaction blocks.