Borrow First This Christmas: Using Blockchain to Create Digital Trust

Rexpax creates a new system for borrowing and lending based on Blockchain technology.

With Christmas just around the corner, you may be looking for some gifts for friends. Perhaps the new Playstation for your son or daughter, or a brand new iDevice for your spouse. But, as with all other things, you’re just not sure which one to buy or which features are important. And you’d hate to hear the painful words, “I love it, but I would’ve gotten the one with…”

Wouldn’t it be nice if you could borrow one of the same item from a friend, use it for a couple of weeks, and then return it? You’d know what you’re getting yourself into and you’d be able to make an informed choice. Of course, that can’t ever happen, can it?

Borrowing the future

The reason such a scenario seems impossible is because of the lack of trust among anyone but the closest of friends. But imagine if you had an inner ring of incredibly close friends…but with millions of people? You’d be able to really trust all those people with even your most prized possessions, and have confidence that you’ll get them back, no question.

This sort of circle of friends is exactly what the Rexpax team envisions. Rather than buying the next item you want to try out, only to discover you’ve made some poor feature choices, Rexpax allows you to borrow it from a ‘friend’, give it a try, and decide what you like and don’t like. No more multiple return trips or partially disappointed loved ones.

Who’s your friend?

The barrier for a system like this is not with the borrower. When you borrow something from your friend, you know your intentions are good and you’ll definitely return the item. However, the person who owns the item you want to borrow needs to trust you…a lot…and that trust is what has been lost in the digital culture.

The Rexpax system uses Blockchain technology to allow users to share things, and for borrowers to search for those willing to share with full confidence and trust. The driving force in the platform is a proprietary cryptocurrency called Rexx.  Rexx can be earned by sharing and interacting on the platform.

This trust ecosystem is designed to be a true peer-to-peer friendship, where users loan their things on the system, then receive them back again and even monetize them while they’re not being used by their owner.

Move your home online

Further, Rexpax has designed a part of the platform called ‘home online’, where users are able to build ‘rooms’ and ‘shelves’ and then display their items for borrowing or for sale, or just for ‘showing off’ what they have to other users. This provides a means for dialogue and also for ways for users to look for products they need to borrow.

Millennials are no longer limited by the patterns of the previous generation. The willingness to borrow rather than to own, and the ability to build genuine trust with technology, rather than with relationships, makes value real and sharable. And because the platform is built on Blockchain technology, it is functional and protected.

The system is designed to unite people around things, and around methods of trust. It’s simple enough – just like the library, why own something, when you can just borrow it?

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Source: Coin Telegraph




My current recommendations:

HashFlare for automated Bitcoin cloud mining - Currently ROI in around 60 days only

Bitclub Network allows you to buy mining shares with daily payouts

CCG Mining now offers open end contracts. Bitcoin, Ethereum, Zcash, Litecoin and others

Cointracking keeps track of all your coins automatically. Many exchanges and wallets supported

 

IOTA Partners With Microsoft, Fujitsu, Others For IoT Data Monetization

IOTA announces new data monetization platform with Microsoft, Fujitsu, and others as partners.

Yesterday IOTA announced a major platform release allowing data monetization using micropayments through their distributed ledger technology. The data solution has already garnered huge partnerships from Microsoft, Fujitsu, Bosch, Deutsche Bank Telekom, and others.

IOTA has already issued its tokens of the same name under their token sale earlier this fall. The company has created what it considers a better option in Blockchain technology evolution called ‘tangle.’ Through this system, the company is creating a way for connected devices to be able to transfer, buy and sell diverse datasets while creating access to data that often sits unused, all with substantial security.

A demo of the platform is scheduled to run through January and will be a way for companies to participate in the innovation. Partners will also be able to influence how the platform continues to function. IOTA co-founder David Sønstebø said:

“The goal is to enable a combination of a business-to-business data economy, as well as enabling researchers and even hobbyists to participate. The beauty of enabling fine-granular trade access is that we really don't know who or how it will be used, except that we know it is a completely new paradigm.”

The hope is that the structure of IOTA’s tangle technology, without miners or mining fees, will allow large-scale proliferation of micro-payments for datasets, providing access to data and building a network for companies to use and access that data for improvements to the Internet of Things (IoT).

Source: Coin Telegraph




My current recommendations:

HashFlare for automated Bitcoin cloud mining - Currently ROI in around 60 days only

Bitclub Network allows you to buy mining shares with daily payouts

CCG Mining now offers open end contracts. Bitcoin, Ethereum, Zcash, Litecoin and others

Cointracking keeps track of all your coins automatically. Many exchanges and wallets supported

 

House of Lords Recommends Exploration of Blockchain Technology to the British Government

Great Britain’s upper chamber of parliament has recommended the exploration of the possible various applications of Blockchain.

Great Britain’s upper chamber of parliament, the House of Lords, has recommended the exploration of the possible various applications of Blockchain or distributed ledger technology (DLT) across government services.

The House added that the government should study the possibility of using the technology in such sectors as national security and public safety, healthcare, cybersecurity and customs and immigration.

In its report, the Upper Chamber stressed that there are a lot of opportunities for DLT across government services. It also claimed that the adoption of Blockchain in the public sector could change the relationship between the government and its citizens through the technology’s decentralized trust mechanisms.

In his foreword to their report, lead author Lord Christopher Holmes claimed that the DLT can play a key role in improving government services and solidifying the country’s competitive position as a global leader in technology-based innovations.

Other highlights of the report

Aside from the possible benefits of the technology, the report cited the risks associated with its adoption because it is still new and “immature.” It presented as examples the risks related to the conduct of initial coin offerings (ICO), as well as the “unresolved issues” that could endanger the systems that will use it.

The house also claimed that “greater leadership” from the government is required to improve decision-making and the delivery of public services. It recommended that serious political will should be adopted to pursue initiatives in researching, developing standards, conducting tests, and enhancing cross-departmental collaboration with respect to DLT.

Previous parliamentary works on the technology

The British parliament has already worked on the technology in the past. In mid-2016, a House of Lords committee hosted a hearing on DLT and its possible effect(s) on finance and government.

Despite its acknowledgment of the potential of the technology, the committee adopted a somewhat critical tone on the technology then.

Source: Coin Telegraph




My current recommendations:

HashFlare for automated Bitcoin cloud mining - Currently ROI in around 60 days only

Bitclub Network allows you to buy mining shares with daily payouts

CCG Mining now offers open end contracts. Bitcoin, Ethereum, Zcash, Litecoin and others

Cointracking keeps track of all your coins automatically. Many exchanges and wallets supported

 

BlockShow Asia 2017: Achain Offers A Unifying Platform

BlockShow Asia – Forking theory comes to life through Achain’s announcement.

As Blockshow Asia continues in Singapore, the Cointelegraph-powered event is bringing new technology into focus. With the many new forks and the risk for greater confusion regarding forking theory, keynote speaker Yuan Li from Achain presented a detailed explanation of where forking may evolve in the future, comparing Blockchain to Darwinian theory.

Achain, the public Blockchain platform that allows users of any skill level to issue tokens, smart contracts, create applications and Blockchain systems, has conceptualized a unifying Blockchain platform that will bring all together, and make forks more unified, rather than competitive. Achain is committed to building a global Blockchain network for information exchange and value transactions.

Achain’s vision

The Achain vision is to build a forking theory that is collaborative, rather than mutually exclusive. This system would require a  process of requesting, approving and executing through mutual agreement of participants. Such a system would apply the democratic principle that forces all nodes to respond with feedback. According to Li:

“Information such as genius block, seed nodes, service identification and fork height will be taken to online in preparation of the forking. The newly created sub-chain will have its consensus method, data storage and block capacity available for free customization.”

The interconnectedness and sharing of information would be accomplished through Value Exchange Protocol (VEP). Achain’s vision is to move from their first iteration, Singularity, to their new version, Galaxy, by constructing a secure and stable foundation for the Blockchain network through smart contract and sandbox technologies.

Keep track of the news from the conference by following its live feed, as well as our own articles.

Source: Coin Telegraph




My current recommendations:

HashFlare for automated Bitcoin cloud mining - Currently ROI in around 60 days only

Bitclub Network allows you to buy mining shares with daily payouts

CCG Mining now offers open end contracts. Bitcoin, Ethereum, Zcash, Litecoin and others

Cointracking keeps track of all your coins automatically. Many exchanges and wallets supported

 

BlockShow Asia 2017 Begins, Opens With Big EOS Announcement

BlockShow Asia opens with a bang – EOS announces new test platform.

BlockShow Asia, the much-anticipated Blockchain conference, has just begun in Singapore. The event, powered by Cointelegraph, is designed to allow participants to meet and partner with some of the best and brightest names in the Blockchain community, while also providing valuable insights into how the disruptive technology is growing and impacting industries.

The show began with an important announcement, as the team of EOS, an Ethereum-based DApp platform, revealed a new testing platform called STAT (Single-Thread Application Testnet). The new platform is a publicly available testing environment maintained by Block.One.

BlockShow AsiaFeatures and future

The testing platform is designed to be the perfect environment for developers to test their DApps, and for producers to evaluate the EOS.IO platform. The STAT system offers some important features.

For example, the platform simulates the EOS Production environment that will be available mid-2018. With the coming release of the new EOS platform, developers will have ample lead time to build and test new DApps.

Additionally, the testnet will also feature technical improvements. Block times will reduce to just one second (from the previous three-second timing), and the expected transaction speed will be between 500 and 1,000 per second.

For interested developers, the EOS team has designed a developer API. Further, they have built a GitHub repository with substantial resources for getting started on the testnet.

In the future, the testing environment will also include a multi-thread application Testnet (MAT), with a genesis block sometime in June of 2018. The announcement represents the next major step forward for the development of Blockchain technology.

Much more will be forthcoming from the Cointelegraph team, who is in Singapore covering the show. Additionally, a live feed is available from the conference for everyone who wants to track what’s going on in real time.

BlockShow Asia

Source: Coin Telegraph




My current recommendations:

HashFlare for automated Bitcoin cloud mining - Currently ROI in around 60 days only

Bitclub Network allows you to buy mining shares with daily payouts

CCG Mining now offers open end contracts. Bitcoin, Ethereum, Zcash, Litecoin and others

Cointracking keeps track of all your coins automatically. Many exchanges and wallets supported