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ChromaWay is a leading blockchain technology provider in multiple countries, including the Baltic region. Based in Sweden, ChromaWay specializes in building scalable and secure blockchain platforms. They have developed expertise in smart contract systems ...

Top Blockchain Development Companies: Globally Recognized For their Cutting-Edge Solutions in the Baltics

ChromaWay is an industry leader in blockchain technology and specializes in creating and deploying cutting-edge, scalable blockchain solutions for both businesses and governments. The company, which was established in 2014 and has its headquarters in ...

BLK DNM releases the first ‘connected fashion’ garments as part of FW 2023

ChromaWay is an industry leader in blockchain technology and specializes in creating and deploying cutting-edge, scalable blockchain solutions for both businesses and governments. The company ...

BLK DNM releases the first 'connected fashion' garments as part of FW 2023

As an industry, we need to wake up.” Henrik Hjelte, CEO and co-founder of ChromaWay, comments: “We are enormously excited after many months of hard work to see the future we envisioned for the fashion industry beginning to take shape via our technology.

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Phlomis Finance has announced its plans to offer tokenized real-world assets (RWAs) on the Chromia blockchain mainnet. This development marks a significant step forward in the convergence of traditional finance and cryptocurrency, potentially unlocking a market that McKinsey & Company projects could reach $2 trillion by 2030. Phlomis Finance, incubated by Swedish blockchain pioneer ChromaWay, is leveraging Chromia's advanced relational blockchain infrastructure and the custom-built Chromia Real World Assets Protocol (CRWA) to create a platform that promises to democratize access to institutional-grade financial instruments. By tokenizing conventional credit, debt, and equity products, Phlomis aims to remove longstanding barriers that have historically limited these opportunities to established financial institutions. "We're not just creating a new platform; we're opening up an entire world of investment opportunities that were previously out of reach for many," said Todd Miller, Managing Director of Phlomis. "Our solution addresses the scalability and cost issues that have hindered widespread adoption of RWA tokenization." A Focus on "Resilient Investing" Phlomis Finance is introducing the concept of "resilient investing" by focusing on tokenizing leading funds in Europe and Asia. This approach not only promises to bring greater transparency to transactions but also to financial and impact results, aligning with growing investor demand for sustainable and socially responsible investment options. The platform's emphasis on transparency and real-time reporting could set a new standard in the industry. Investors will have access to up-to-date financial data and impact metrics, allowing for more informed decision-making and potentially attracting a broader range of investors to these previously exclusive asset classes. Leveraging Chromia's Innovative Technology At the heart of Phlomis Finance's offering is the Chromia Real World Asset Protocol. This technology provides a solution to many of the challenges faced by current RWA platforms, including scalability issues and high transaction costs. Henrik Hjelte, co-founder of Chromia, explained the advantages of their system: "Chromia's relational blockchain allows for enhanced scalability and the ability to store complex documents on-chain. This addresses many of the limitations seen in traditional blockchain systems and opens up new possibilities for RWA tokenization." Industry Impact and Future Outlook The launch of Phlomis Finance on the Chromia mainnet comes at a time when major financial institutions are increasingly recognizing the transformative potential of blockchain technology in traditional markets. With giants like Bank of America and BlackRock already exploring similar concepts, Phlomis Finance's entry into the market could accelerate the adoption of tokenized RWAs across the financial sector. As Phlomis Finance prepares to introduce its first tokenized products in Q4 2024, the financial world will be watching closely. If successful, this initiative could pave the way for a new era of financial inclusivity, where the benefits of institutional-grade investments are accessible to a much wider range of investors. The convergence of digital assets and traditional finance, as exemplified by Phlomis Finance's innovative approach, may well be the catalyst that drives the next wave of growth and innovation in global financial markets. Don’t forget to like and share the story! Phlomis Finance has announced its plans to offer tokenized real-world assets (RWAs) on the Chromia blockchain mainnet. This development marks a significant step forward in the convergence of traditional finance and cryptocurrency, potentially unlocking a market that McKinsey & Company projects could reach $2 trillion by 2030. Phlomis Finance , incubated by Swedish blockchain pioneer ChromaWay, is leveraging Chromia's advanced relational blockchain infrastructure and the custom-built Chromia Real World Assets Protocol (CRWA) to create a platform that promises to democratize access to institutional-grade financial instruments. By tokenizing conventional credit, debt, and equity products, Phlomis aims to remove longstanding barriers that have historically limited these opportunities to established financial institutions. Phlomis Finance "We're not just creating a new platform; we're opening up an entire world of investment opportunities that were previously out of reach for many," said Todd Miller, Managing Director of Phlomis. "Our solution addresses the scalability and cost issues that have hindered widespread adoption of RWA tokenization." A Focus on "Resilient Investing" Phlomis Finance is introducing the concept of "resilient investing" by focusing on tokenizing leading funds in Europe and Asia. This approach not only promises to bring greater transparency to transactions but also to financial and impact results, aligning with growing investor demand for sustainable and socially responsible investment options. The platform's emphasis on transparency and real-time reporting could set a new standard in the industry. Investors will have access to up-to-date financial data and impact metrics, allowing for more informed decision-making and potentially attracting a broader range of investors to these previously exclusive asset classes. Leveraging Chromia's Innovative Technology At the heart of Phlomis Finance's offering is the Chromia Real World Asset Protocol. This technology provides a solution to many of the challenges faced by current RWA platforms, including scalability issues and high transaction costs. Henrik Hjelte, co-founder of Chromia, explained the advantages of their system: "Chromia's relational blockchain allows for enhanced scalability and the ability to store complex documents on-chain. This addresses many of the limitations seen in traditional blockchain systems and opens up new possibilities for RWA tokenization." Industry Impact and Future Outlook The launch of Phlomis Finance on the Chromia mainnet comes at a time when major financial institutions are increasingly recognizing the transformative potential of blockchain technology in traditional markets. With giants like Bank of America and BlackRock already exploring similar concepts, Phlomis Finance's entry into the market could accelerate the adoption of tokenized RWAs across the financial sector. As Phlomis Finance prepares to introduce its first tokenized products in Q4 2024, the financial world will be watching closely. If successful, this initiative could pave the way for a new era of financial inclusivity, where the benefits of institutional-grade investments are accessible to a much wider range of investors. The convergence of digital assets and traditional finance, as exemplified by Phlomis Finance's innovative approach, may well be the catalyst that drives the next wave of growth and innovation in global financial markets. Don’t forget to like and share the story!

Phlomis Finance Set to Transform Real-World Asset Market with Innovative Web3 Solution

Phlomis Finance se prepara para transformar el mercado de activos del mundo real con una innovadora solución Web3

Phlomis Finance-k mundu errealeko aktiboen merkatua eraldatzeko ezarri du Web3 irtenbide berritzailearekin

Phlomis Finance mete pou transfòme mache byen reyèl nan monn reyèl ak solisyon inovatè Web3

Phlomis Finance、革新的なWeb3ソリューションで現実世界の資産市場を変革へ

Phlomis Finance កំណត់ដើម្បីផ្លាស់ប្តូរទីផ្សារអចលនទ្រព្យពិភពលោកជាមួយនឹងដំណោះស្រាយ Web3 ប្រកបដោយភាពច្នៃប្រឌិត

Phlomis Finance dia napetraka hanova ny tsenan'ny fananan-tany tena izy miaraka amin'ny vahaolana Web3 vaovao

फ्लोमिस फाइनान्स अभिनव Web3 समाधान संग वास्तविक-विश्व सम्पत्ति बजार रूपान्तरण गर्न सेट

Phlomis Finance Set go Fetoša Mmaraka wa Matlotlo a Lefase la Sebele ka Tharollo ya Web3 ya Boitlhamelo

Imari ya Phlomis Yashyizweho Guhindura Isoko ryumutungo nyawo hamwe nudushya twa Web3 Igisubizo

Phlomis Finance kommer att förändra den verkliga tillgångsmarknaden med innovativ Web3-lösning

Phlomis Finance Set ku Hundzula Makete wa Nhundzu ya Misava ya Xiviri hi Xitshunxo xa Web3 xa Vutshila

Phlomis Finance innovatsion Web3 yechimi bilan real dunyo aktivlari bozorini o'zgartirish uchun mo'ljallangan

**SAN FRANSCISCO, United States, April 4th, 2024/GamingWire/--**Cloudborn, the latest release from Antler Interactive, successfully demoed at the Game Developers Conference in San Francisco last week. Featured in both the Inworld and BGA booths, the first-of-its-kind Web3, RPG, MMO, AI, PC-based game proved to be more than just a lengthy combination of acronyms. Constantin Berthelier, Narrative Designer at Antler Interactive, led the demonstrations and game tests for attendees at this year’s show. “We had testers of all sorts, some big names from big studios and publishers. Others were devs mostly curious about our title,” he explained. Attendees appeared most curious about Cloudborn’s use of AI-backed Non-Playable Characters (NPCs), something rival titles are racing to implement. With the first mover’s advantage, the team from Antler Interactive was able to drum up significant interest in their AI-NPC character, Zero. Constantin recounted, “I had anticipated that most GDC attendees were privy to the recent updates on the AI scene and would be somewhat blasé when interacting with our characters. But no, it did provide the wow effect! Most users were overwhelmed that they had the liberty to tell Zero all they wanted,” he said, then adding “Zero remained relevant and on character no matter what the testers would tell him.” Cloudborn is a Web3 gaming title, meaning various game elements utilize blockchain technology to give more control and self-ownership to gamers. This is presumed to open doors to many opportunities in a rapidly evolving and competitive technology space. Constantin shared that “The executives of big publishers, like NetEase, Square, Enix, and Amazon, all thought this [the web3 aspect] would be interesting, and even more so when I explained what it could allow.” Cloudborn encompasses a unique mix of AI and web3 technologies, aiming to improve the gaming experience. Using advanced, gameplay-focused AI - developed by their partners, Inworld - Cloudborn introduces a world that evolves as players make their moves, making environments and characters change in real-time, leading to a more immersive and personal game. Oliwer Svensson from Antler Interactive notes, “This goes beyond simple data; it's about the unpredictable ways AI shapes your character.” The use of blockchain means players truly own their characters, items, and achievements. Those testing the new title at the Game Developers Conference described it as “beautiful”, “unique”, and “fresh”, while also remarking on the “well-made UI”. One attendee is quoted as saying that Cloudborn has designed “the best UI possible to contain the AI prompts and feedback”. Attending the conference has proven to be a catalyst for Antler Interactive’s developmental charge, as they look to make Cloudborn a market leader. During the event, they opened early partnership discussions with several game producers, developers, artists, narrative designers, technologists, Web3 experts, and more, taking away considerable connections to support their growth. What was most interesting for the Cloudborn team was that while there was a noticeably big web3 presence at GDC there were no direct rivals to their title at the event. “There was one other Web3 game, but offering a very different concept. AI companies were present too, but they weren’t exploring narrative in the same way we are, in creating dynamic NPC personalities. One gaming project was looking at narrative development and AI but on a non-live model”. Cloudborn left the event feeling satisfied by the feedback and the knowledge that they have a unique proposition of a Web3 game that pushes ownership, experience, AI NPCs, and advanced trading. About Anter Interactive Antler Interactive is a Swedish gaming studio renowned for its innovative approach to gaming. Focusing on cutting-edge technologies, Antler Interactive strives to create immersive and involving experiences that captivate players worldwide. Antler, a multi-award-winning gaming studio, won the Binance Launchpool project of the year for My Neighbor Alice. Antler Interactive is a subsidiary of ChromaWay. More information can be found at antlerinteractive.com and cloudborn.game. Contact PR Manager Ramsey Shallal GELO ramsey@gelocubed.com This story was distributed as a release by Gamingwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **SAN FRANSCISCO, United States, April 4th, 2024/GamingWire/--**Cloudborn, the latest release from Antler Interactive, successfully demoed at the Game Developers Conference in San Francisco last week. Featured in both the Inworld and BGA booths, the first-of-its-kind Web3, RPG, MMO, AI, PC-based game proved to be more than just a lengthy combination of acronyms. Constantin Berthelier, Narrative Designer at Antler Interactive, led the demonstrations and game tests for attendees at this year’s show. “We had testers of all sorts, some big names from big studios and publishers. Others were devs mostly curious about our title,” he explained. “We had testers of all sorts, some big names from big studios and publishers. Others were devs mostly curious about our title,” he explained. Attendees appeared most curious about Cloudborn’s use of AI-backed Non-Playable Characters (NPCs), something rival titles are racing to implement. With the first mover’s advantage, the team from Antler Interactive was able to drum up significant interest in their AI-NPC character, Zero. Constantin recounted, “I had anticipated that most GDC attendees were privy to the recent updates on the AI scene and would be somewhat blasé when interacting with our characters. But no, it did provide the wow effect! Most users were overwhelmed that they had the liberty to tell Zero all they wanted,” he said, then adding “Zero remained relevant and on character no matter what the testers would tell him.” Constantin recounted, “I had anticipated that most GDC attendees were privy to the recent updates on the AI scene and would be somewhat blasé when interacting with our characters. But no, it did provide the wow effect! Most users were overwhelmed that they had the liberty to tell Zero all they wanted,” he said, then adding “Zero remained relevant and on character no matter what the testers would tell him.” Cloudborn is a Web3 gaming title, meaning various game elements utilize blockchain technology to give more control and self-ownership to gamers. This is presumed to open doors to many opportunities in a rapidly evolving and competitive technology space. Constantin shared that “The executives of big publishers, like NetEase, Square, Enix, and Amazon, all thought this [the web3 aspect] would be interesting, and even more so when I explained what it could allow.” Cloudborn encompasses a unique mix of AI and web3 technologies, aiming to improve the gaming experience. Using advanced, gameplay-focused AI - developed by their partners, Inworld - Cloudborn introduces a world that evolves as players make their moves, making environments and characters change in real-time, leading to a more immersive and personal game. Oliwer Svensson from Antler Interactive notes, “This goes beyond simple data; it's about the unpredictable ways AI shapes your character.” The use of blockchain means players truly own their characters, items, and achievements. Inworld Inworld Those testing the new title at the Game Developers Conference described it as “beautiful”, “unique”, and “fresh”, while also remarking on the “well-made UI”. One attendee is quoted as saying that Cloudborn has designed “the best UI possible to contain the AI prompts and feedback”. Attending the conference has proven to be a catalyst for Antler Interactive’s developmental charge, as they look to make Cloudborn a market leader. During the event, they opened early partnership discussions with several game producers, developers, artists, narrative designers, technologists, Web3 experts, and more, taking away considerable connections to support their growth. What was most interesting for the Cloudborn team was that while there was a noticeably big web3 presence at GDC there were no direct rivals to their title at the event. “There was one other Web3 game, but offering a very different concept. AI companies were present too, but they weren’t exploring narrative in the same way we are, in creating dynamic NPC personalities. One gaming project was looking at narrative development and AI but on a non-live model”. Cloudborn left the event feeling satisfied by the feedback and the knowledge that they have a unique proposition of a Web3 game that pushes ownership, experience, AI NPCs, and advanced trading. About Anter Interactive Antler Interactive is a Swedish gaming studio renowned for its innovative approach to gaming. Focusing on cutting-edge technologies, Antler Interactive strives to create immersive and involving experiences that captivate players worldwide. Antler, a multi-award-winning gaming studio, won the Binance Launchpool project of the year for My Neighbor Alice. Antler Interactive is a subsidiary of ChromaWay. More information can be found at antlerinteractive.com and cloudborn.game. Contact PR Manager Ramsey Shallal GELO ramsey@gelocubed.com This story was distributed as a release by Gamingwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Gamingwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Cloudborn Demo Takes GDC By Storm With Many Wowed By Gameplay

STOCKHOLM, Sweden, March 14th, 2024/Chainwire/-- Antler Interactive is bringing their latest creation, Cloudborn - A Web3 PC RPG with a sprinkle of MMO - into the limelight at GDC 2024. The turn-based battler set in a fantasy sky island realm is poised to take immersive gaming experiences to new heights by intertwining cutting-edge technology to create enchanting gameplay. The game births a seamless blend of strategic gameplay similar to Raid Shadow Legends and the accessibility of the Zelda franchise to create a turn-based RPG like no other. But that is where similarities end. Cloudborn is at the forefront of dynamic gameplay experiences, melding web3 technology and AI to create responsive worlds and gameplay, ultimately owned by the players. With tradeable NFT characters that develop in attributes and personality from the direct actions of the player, Cloudborn is taking immersive and player-owned experiences to the next level. Antler Interactive, the creators of My Neighbor Alice, describes the game as one where players strategize in turn-based battles and players roam an ever-evolving world shaped by their actions. The beauty of the game is in how it utilizes the next-generation tech stack to create dynamic worlds and unique characters, whose attributes and personalities change according to players’ direct actions, creating a truly unrivaled gaming experience. Which then are ultimately owned by the player, giving them full autonomy over their experiences. users can check out the and be impressed for themselves. Cloudborn game trailer Cloudborn’s main features: Dynamic World Building: The Cloudborn verse adapts and changes at the whim of the player, as every action has true consequences on the game's environment, all possible through advanced AI integrations Evolving Characters: playable and non-playable characters evolve based on players’ interactions. These changes stick with the characters even after trading with other players via NFT metadata. Characters you inherit from others will remember their past, for better or worse. Any bonds or rivalries get passed on even after trading. True Ownership: harnessing web3 technology, Cloudborn is giving players true ownership and autonomy over their experiences Strategic Turn-Based Battles: Plan your battles with your army of character cards. Your character lineup and positioning matter on the battlefield. Free Travel & Airship Base Management: The world of Miyunu is yours to explore. Take your customizable airship and explore the floating islands, upgrading your base as you go. Cloudborn will be accessible through the ownership of their in-game digital assets, which can be bought or leased, and will run on the Chromia blockchain. Taking place on fantasy islands in the clouds, Cloudborn is a story of old. According to legend, over a millennia ago a universe-shattering war between 2 godlike powers, leaving behind a fragmented world of sky-islands corrupted the remnants of the war. Players are left to traverse through the skies on their mission to unravel the mystery of the conflict and explore beyond the known.The Cloudborn verse is powered by a unique blend of AI and web3 technology, that has the sole purpose of elevating the gaming experience. Through AI, Cloudborn boasts a dynamic world-building experience, by which the gaming environments and characters react and develop in real-time based on player actions, giving rise to a deeper, unique gaming experience. As Oliwer Svensson, Chief Creative Director of Antler Interactive, says “It's not just binary data, but rather it's unpredictable characteristics that are created by AI that molds your character”. Gameplay is further enhanced by blockchain technology, as characters, items, and progression are in full control of the player. What makes Cloudborn truly special is how it elegantly intertwines the 2 technologies in a harmonious symphony by which gameplay is not only personalized and immersive but carries intent. Lenny Pettersson, CEO of Antler Interactive puts it beautifully, as he believes in using this new technology “as a paintbrush to create great and unique things. ” Whether you are picking up Cloudborn for a casual play-through, or to get into the nitty-gritty of strategic gameplay and theory crafting, you are sure to be greeted with a gaming experience like no other - quite literally. Cloudborn will be demoed next week at GDC 2024, from the 20th to the 22nd of March at the Inworld Booth (2-6 pm, March 20th), and the BGA Booths (all day, March 22nd). Players can access more information on the game through their , , and channels. Twitter Telegram Discord About Anter Interactive Antler Interactive is a Swedish gaming studio renowned for its innovative approach to gaming. Focusing on cutting-edge technologies, Antler Interactive strives to create immersive and involving experiences that captivate players worldwide. Antler, a multi-award-winning gaming studio, won the Binance Launchpool project of the year for My Neighbor Alice. Antler Interactive is a subsidiary of ChromaWay. More information can be found at and . antlerinteractive.com cloudborn.game Contact PR Manager Ramsey Shallal Antler Interactive ramsey@gelocubed.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here.

Antler Interactive To Showcase Their Latest Creation, Cloudborn, At GDC

STOCKHOLM, Sweden, June 15th, 2023/Chainwire/--BLK DNM is bridging the Physical and Virtual Worlds of Fashion through Blockchain Innovation. Swedish-American fashion brand today unveils the first-ever example of connected fashion (garments that exist both physically and virtually, each aspect ‘twinned’ via technology) with the launch of BLK DNM Society and integration of blockchain-powered hardware and software into its products. BLK DNM BLK DNM Society, built on tech designed by blockchain innovator and BLK DNM owner , will grant each garment a unique and recordable identity in both the physical and virtual worlds, while also rewarding ethical behavior and granting brand influence to owners. ChromaWay Blockchain-powered ‘digital garment ID’ microchips will give each item a unique identity and record of its history. Chips form the hardware element of BLK DNM Society, which launches in tandem and rewards responsible behavior and ownership. Tech will first appear in BLK DNM’s FW 2023 collection. The Hardware: Digital Garment IDs Future BLK DNM clothing will be fitted with a ‘digital garment ID’ - an undetectable chip that gives each physical item a unique and recordable identity. Some of the first features of the digital garment IDs will include: Authentication of the garment as genuine, eliminating fakes and counterfeiting Rewarding responsible behaviors of treasuring and caring for clothing long-term, such as refurbs and second-hand purchases Recording each individual garment's unique history - owners, events and places worn, repairs and alterations - enabling the item to accrue emotional and monetary value over time. Acting as a digital ticket for entry to events. Access to and voting rights within BLK DNM Society. BLK DNM Society The digital garment IDs are the first hardware elements of BLK DNM Society, which launches in tandem. The first example of connected fashion, BLK DNM Society is a community of BLK DNM owners, connected virtually by their physical items, who are rewarded for responsible behaviors and are granted voting rights on key brand decisions based on item ownership - thereby beginning the first ever process of decentralizing a fashion brand’s stewardship. Each digital garment ID will create a ‘digital reflection’ of the physical garment: a twin in the virtual world where the physical item’s history and place within BLK DNM Society is recorded. The digital reflection can also be worn in the metaverses, catering especially to younger generations whose identities in virtual worlds are equally as important as in the physical. FW 2023 Digital garment IDs will be revealed at BLK DNM’s FW event in Paris on June 21st. For this first collection, the chips will be embedded in only leather items, with subsequent collections introducing more items to BLK DNM Society through embedded blockchain-enabled hardware. Henrik Hjelte, CEO and Co-founder of ChromaWay, comments: “This is totally futuristic. Nothing like this has been attempted in fashion before. It’s very exciting for us, after much hard work, to see our technology elevating one of fashion’s iconic brands into something completely unique. This has the potential to transform people’s relationships with the clothes they wear and the brands they buy. No longer does the relationship with the customer end at the checkout. And each beautiful garment now becomes its own living, evolving piece of history.” Toni Collin, CEO of BLK DNM, and Henrik Hjelte, CEO and Co-founder of ChromaWay Toni Collin, CEO of BLK DNM, comments: “BLK DNM’s philosophy is one of community, and our clothing is designed, through both its craftsmanship and timeless aesthetic, to be treasured and passed down through generations - the antithesis of irresponsible fast fashion. Now, with the introduction of BLK DNM Society and the first embedded hardware in our garments, we take those two pillars to a revolutionary new level. By embedding intelligence in every item, we hope we can inspire our industry to join us in using connected fashion to do better.” About BLK DNM BLK DNM is a Swedish-American fashion brand that specializes in timeless tailoring, leather, and denim of extraordinary quality. Following its 2023 relaunch as an entry-luxury fashion house under the stewardship of new Creative Director Jessy Heuvelink, BLK DNM’s focus on both enduring craftsmanship and aesthetic timelessness encourages customers to love and treasure each item for decades and across generations. About ChromaWay ChromaWay is an industry leader in blockchain technology and specializes in creating and deploying cutting-edge, scalable blockchain solutions for both businesses and governments. The company, which was established in 2014 and has its headquarters in Stockholm, Sweden, has been at the forefront of driving the widespread adoption of blockchain technology. Its flagship product, relational blockchain Chromia, enables developers to build decentralized applications (dApps) with a relational database model that offers unprecedented scalability and flexibility. Contact Fati Hakim Fati.Hakim@ChromaWay.com This story was distributed as a release by Chainwire under HackerNoon’s Brand As An Author Program. Learn more about the program . here

BLK DNM Is Bringing Together the Physical and Virtual Worlds of Fashion With Blockchain Tech

BLK DNM está uniendo los mundos físico y virtual de la moda con tecnología Blockchain

BLK DNM réunit les mondes physiques et virtuels de la mode avec Blockchain Tech

BLK DNM ब्लॉकचैन टेक के साथ फैशन की भौतिक और आभासी दुनिया को एक साथ ला रहा है

BLK DNM はブロックチェーン技術でファッションの物理的世界と仮想的世界を統合します

BLK DNM está reunindo os mundos físico e virtual da moda com tecnologia Blockchain

BLK DNM đang kết hợp thế giới thời trang thực và ảo với công nghệ chuỗi khối

BLK DNM 将时尚的物理世界和虚拟世界与区块链技术结合在一起

STOCKHOLM, Sweden, June 7th, 2023/Chainwire/-- Stockholm-headquartered blockchain technology company today reveals its acquisition of the iconic Swedish-American fashion brand . The acquisition aligned with the recent relaunch of BLK DNM as a modern, community-driven fashion house. It marks ChromaWay’s first acquisition of an established company for the purpose of implementing real-world decentralization: i.e., creating positive behavioral change, fairer access, and more control by users within traditional industries. ChromaWay BLK DNM ChromaWay’s blockchain capabilities will be integrated into BLK DNM’s strategy and products, the first meaningful use of the tech in fashion. In pioneering ‘connected fashion,’ BLK DNM will seek to inspire more responsible behaviors in the industry. First tech innovations will be announced ahead of BLK DNM’s F/W 2023 collections reveal First innovations to be revealed in BLK DNM’s F/W 2023: ChromaWay’s blockchain capabilities will be integrated in a revolutionary way into both BLK DNM’s brand and products. BLK DNM will consequently become a pioneer of ‘connected fashion’ - the use of technology to create community and responsibility within fashion - heralding the first significant use of blockchain tech in an industry yet to be meaningfully impacted by Web3 technologies. BLK DNM will reveal the first tranche of technological innovations built on ChromaWay’s ‘Chromia’ relational blockchain in the coming weeks. This will include software- and hardware-based innovations built into BLK DNM’s F/W 2023 collections, underpinned by the ethical and communal concept of ‘connected fashion.’ Toni Collin, CEO of BLK DNM, and Henrik Hjelte, CEO and Co-founder of ChromaWay Henrik Hjelte, CEO and Co-founder of ChromaWay, comments: “BLK DNM is a brand with an ethical mission and decentralization in its soul - it’s something of a borderless community already. It was a natural fit for our aspirations to transform the fashion industry through innovation. BLK DNM’s imminent tech rollout will illustrate the power of our blockchain capabilities to create true behavioral change in an industry that has hitherto struggled to control its problematic environmental impact and embrace progress.” Toni Collin, CEO of BLK DNM, comments: “Our industry must start looking toward innovation: fast fashion’s environmental impact is totally unacceptable, and at the same time, as the world becomes more digitized, the concept of community is changing. That’s why BLK DNM joining ChromaWay is so exciting. The potential of this technology to create genuine change in fashion is evident, but no one else in the industry is using it in a meaningful way yet. Together, BLK DNM and ChromaWay are building something truly unique and groundbreaking. We will be able to reveal the first innovations very soon.” About ChromaWay ChromaWay is an industry leader in blockchain technology and specializes in creating and deploying cutting-edge, scalable blockchain solutions for businesses and governments. The company, established in 2014 and headquartered in Stockholm, Sweden, has been at the forefront of driving the widespread adoption of blockchain technology. Its flagship product, relational blockchain Chromia, enables developers to build decentralized applications (dApps) with a relational database model that offers unprecedented scalability and flexibility. About BLK DNM BLK DNM is a Swedish-American fashion brand that specialises in timeless tailoring, leather, and denim of extraordinary quality. Following its 2023 relaunch as an entry-luxury fashion house under the stewardship of new Creative Director Jessy Heuvelink, BLK DNM’s focus on enduring craftsmanship and aesthetic timelessness encourages customers to love and treasure each item for decades and across generations. Contact Fati Hakim Fati.Hakim@ChromaWay.com This story was distributed as a release by Chainwire under HackerNoon’s Brand As An Author Program. Learn more about the program . here

Blockchain Pioneer Acquires International Fashion House Blk DNM

Blockchain Pioneer adquiere International Fashion House Blk DNM

Blockchain Pioneer acquiert la maison de couture internationale Blk DNM

ब्लॉकचेन पायनियर ने इंटरनेशनल फैशन हाउस ब्लैक डीएनएम का अधिग्रहण किया

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44,000 startups. 4,553 cities. “4 billion votes” It was such a blessing to get to know so many of your ideas and innovations from every corner of the world in 2021. The startup community amazed all of us with your hard work and persistence despite all of the challenges that we faced globally throughout last year. Not gonna lie, the competition got our hearts racing like Eurovision. We won’t let you wait for much longer, below are long-awaited results! ✨✨✨ To see who is a winner in each respective city, visit and pick a city. The name at the top of the list is the winner. (Compromised awards are under review.) startups.hackernoon.com The will announce the winners per region in their respective cities. Startups Winners Announcement Series 🔥 Central Europe Central Europe has always caught our attention with the talented pool of people in tech community. But were they able to get through 2021 despite the pandemic? Let’s cheers to the most outstanding amongst 4,500+ startups who have been working hard this year: Basel, Switzerland An overwhelming vote for ~ in their mission of helping machinery companies drive more service revenues from their installed base MachiQ Software Berlin, Germany We have with a whooping 538 votes! Let’s support Plan A with its mission to help companies to measure, monitor and reduce their environmental footprint. Plan A Düsseldorf, Germany It doesn’t get any easier with Kicking off in helping people organize online schedules more easily. EasyWeek! Geneva, Switzerland Manage code quality? We have to give props to for their startup! SonarSource Hamburg, Germany Taking over Hamburg is , an acoustic device to reduce noises in vehicle cabins. No more annoying sounds on the road 🚗 ReCalm Köln, Germany Small business? Hoping to manage your marketing campaign? is winning the vote! rankingCoach Lausanne, Switzerland is a Swiss-based company focused on cryptocurrency management solutions built for financial institutions. Metaco Leipzig, Germany empowers companies to operate and utilize drones for the most effective industrial data applications. FlyNex Mainz, Germany is growing sustainable digital mobility startups! Next Mobility Labs Munich, Germany wins for top-line, high-security international Identity Management! ORY Stuttgart, Germany Remote desktop application? Ask anywhere. AnyDesk Vienna, Austria , an IT company enabling privacy-preserving big data applications in the digital age. Mostly AI Zug, Switzerland Way to go 1762 votes for the first provably live pure Proof-of-Stake (PoS) CBC-Casper blockchain designed for real-world applications. CasperLabs! Nyon Calling for robust data solutions for impact-driven organizations! Havuta LLC Zürich is revolutionizing small business lending to give easy access to capital to those who need it most: SMEs ✨ Teylor Heidelberg, Germany is an innovative HR startup providing a solution for fast and efficient recruiting of employees with simple job profiles. Talk'n'Job Stuttgart, Germany Congratulations for winning this title! AnyDesk Moving on to our buddies in... 🔥 Eastern Europe Eastern Europe is home to many familiar big names in our start-up world. Trace history for Miro, Telegram, and Grammarly and you know where they are from. Who is the next generation for Eastern European startups? Budapest, Hungary is a platform for mobile app development, enabling tens of thousands of developers to automate integration, testing, and deployment. Bitrise I__ __ stanbul, Turkey Leading here is - a brand new software intelligence platform- helps organizations deliver faster, high-quality products by connecting their DevOps tools. Oobeya Kraków, Poland is a human cloud platform that connects global enterprises with European software houses, offering tech talent as a service. Talent Alpha Kyiv, Ukraine 281 votes for , an AI powered app where people can swap faces in the videos, GIFs and images in just a few seconds. Reface Sofia, Bulgaria 387 votes for __ __378, leading Blockchain and DLT solutions company that specializes in helping enterprises and blockchain startups design, build and scale innovative solutions using Blockchain & DLT! LimeChain Warsaw, Poland is a next-generation blockchain document management software (DMS). DoxyChain Yerevan, Armenia Whoever clicked to vote for was sure a vote, because it ended up winning as a full-service software provider delivering Artificial Intelligence & Machine Learning solutions for businesses. SmartClick smart Almaty Just like the name suggested, provides one pass to dozens of gyms and studios. 1FIT Debrecen got all the coders ranked figured out! CodersRank Kharkiv is complete solution digital assets management! Pics.io Minsk, Belarus with 243 votes is the first blockchain-powered sports media platform. Scorum Moscow, Russian Federation 1 e-grocery company in Russia with 26 votes and #1 on our HackerNoon board for Minsk. SberMarket Saint Petersburg, Russian Federation leads this area as a personal finance application that rewards responsible spending and savings. CoinKeeper Kazan, Russian Federation Smelling a sweet victory? 3d App designers for flower bouquets is in the house! Flowito Western Europe 🔥 Brexit? Pandemic? It seems like startups in Western Europe still keep their spirits regardless. Startups in Western Europe that stood out in votes this year go to: Antwerp is on a streak! As a bug bounty platform, it ensures online security through a crowd-sourced platform for computer experts. intigriti Belfast A record-breaking 10,003 votes? is an independent coffee shop. Come grab a coffee! Bobs & Berts Birmingham What’s happening in Birmingham? We have , an innovative UK-based advanced lithium battery developer aiming to accelerate the global shift to cleaner. Aceleron Bordeaux 30 is an open-source web framework for building modern apps and websites with Vue.js. NuxtJS Boulogne-billancourt is a software company that provides an in-store analytics platform to optimize operations. DiGEiZ Brighton In for some jam? offers musical education services. BIMM Bristol Another tasty victory for Western Europe is enabling the strongest digital encryption on the internet. KETS Quantum Security Brussels A fashionable win for , a social fashion network. You scan barcodes in fashion shops and see every influencer wearing those outfits! Share your wishlist with your friends and earn cashback. SCANDALOOK Cardiff is a technology company developing end-to-end digital connectivity for the point-of-care diagnostics market. Bond Digital Health London A whooping number of 1085 vote__ __ offers hardware based cyber-security solution for authentication and encryption in a wired local network. Crypto Quantique Edinburgh Hopping up on the crypto movement, just launched last year but they are already rocking it at making crypto accessible to everyone. Zumo Ghent 5379 votes for ! A Belgian InsurTech startup that helps insurance providers all over the world to better connect with their digital customers. WeGroup Glasgow specializes in single-cell analysis transforming the life sciences. Biomage Paris Show some love in the city of love for , a sports platform that is connected to a mobile sports coaching application. AirFit Aberystwyth enables artificial intelligence, data science & digital innovation solutions for the agriculture, biotech & life sciences industries. Agxio Norwich Congratulations for the amazing win of 1124 votes! WATR Charleroi Congratulations for your amazing win! Hirering Gibraltar Give a round of applause to Fortknoxter! Waltham Abbey is ruling the area with its amazing 72 votes! RPAIR Antwerpen Rocking up Antwerpen area is the rising startup ! Willow Egham What’s happening in Egham? Proudly announcing winning the Noonies this year! ATA.ONE Leicester Leicester is calling the name of as the winner for the region! DeadHappy Macclesfield Who else but ? Congratulations on dominating the award! AeroCloud Northern Europe 🔥 Want to listen to some music? Spotify. Need some games to kill time? Candy Crush. What about a quick call to someone you haven’t seen in a long time? Skype. These are all startups that originated from Northern Europe! Noonies, let’s take a look at the upcoming generation of startups from Northern Europe that hopefully will see an even bigger and brighter future. Gothenburg, Sweden Shipping was never made for small shippers, so took on the mission to built an end-to-end logistics platform to empower small businesses to spend less time and money on shipping and more time on growing their businesses. Sendify The Netherlands provides a virtual platform for many kinds of conferences and events. Let's Get Digital Helsinki, Finland A curated collection of public basketball courts in the Helsinki Metropolitan Area called . Everyone is welcome to submit to their local court. Koripallopaikat Lund, Sweden develops an antibiotic-free, safe and effective treatment of vaginal fungal infections. Gedea Biotech Luxembourg, Luxembourg 🚀 is a job-matching platform that connects developers and tech experts with CTOs and team leads from the best tech companies across Europe. 👾 nexten.io Malmö, Sweden Feeling studious, Noonies? __ __e is a tool for Google Classroom, that enables formative matrix assessment towards course learning objectives directly. StudyBe Oslo, Norway is the platform supports a unified API across all connected device categories, removing significant friction for app developers. Domos Labs Reykjavík, Iceland __ __s is a mobile-first technologically advanced neo-bank. Indo service #S__ __ tockholm, Sweden is the biggest blockchain start-up in Sweden. Double winner of the most prestigious nomination in Nordics 'NyTeknik 33-listan', winner of the Deloitte Fast 50, and now Noonies Award! ChromaWay AB T__ __ allinn, Estonia Passing 1000 votes is a fully digital and decentralized ecosystem for all actors in supply chain. OBORTECH Vilnius, Lithuania is an easy-to-use money app for cards and accounts. Via Genome, users can open a business or a merchant account or a personal one with dedicated IBANs, access transfers, exchange currency, process payments, and manage the funds. Genome Aalborg Digura A legaltech offering tenants fast, digital and reliable legal assistance Aarhus Partisia Market Design provides secure, simple, efficient solutions for auctions and exchanges realizing the potential of the market. Helsingborg is a hi-tech company developing cardiac occlusion devices and other vascular implants. Occlutech Tallinna is an AI-powered system for marketing automation in social networks. POSTOPLAN 🔥 Southern Europe Southern Europe’s economy went through a hard time this year due to a huge reduction in tourism. But our startups are of course always headstrong, from Spain to Italy and all the way through Greece. Who are the heroes rising amidst changes of Southern Europe? Skopje is a versatile software development company that solves the business challenges of SMBs, big brands, and brave hearts with awesome ideas. CodeChem Sliema Sounds like just a relaxing exhale. is a holistic health and wellbeing app built to allow users work on the development of their physical, mental and spiritual health Few Tajonar is a company of experienced business & industry entrepreneurs offering solutions to industries based on cutting-edge technologies. das-Nano Tarragona is a technology-based company focusing on the production of integrated microsystems. IMICROQ Terni is an ICT-based integrated solution that is able to modulate, respond, assist and learn to control most home activities. Mind Tirana is a video content and e-commerce platform for the Balkans built on top of an Albanian language specialized search engine. Gjirafa Torino develops and commercializes algorithms based on Artificial Intelligence to increase the autonomy of small satellite missions. AIKO T__ __ orres Buy online groceries like you would buy offline with personalized picking as fast as in 4 hours with Vedras 360hyper! Trento is a music-based platform built around streaming platforms that allow users to discover new emerging artists and make new friends. Brots 2021, what a YEAR. Congratulations to all of the startups that made it to the top winning list for Europe! Stay tuned for Startup awards in 2022 and let’s cheers to a new year of more innovative ideas, bold innovations, and robust creations from you, Europe 🌷 More Information: If you’re a winner, please answer ! If you’re a reader, participant, just a curious individual, consider answering one of our interviews . this interview here Read the FAQs about or . Startups here here To see all of the winners you may visit , pick any city and view the name that appears at the top. this site If you’re interested in partnering with us, we invite you to look through some of these or reach out to our business department. unique sponsorship options Perhaps creating your very own tickles your fancy or maybe you have a whole new idea for how we can partner! writing contest Thank you to all of our sponsors! We truly appreciate your contribution to the tech world and thus the future! The Startups Awards are sponsored by: , , , , , , , , , , Blockster Brex FreeCodeCamp LaunchDarkly Coil Udacity Udemy Vercel Asia Pacific Transgender Network Bybit Everscale Network This post was written by An Le and edited by Natasha Nel. If you have any questions or concerns or would like to report a discrepancy please email ellen@hackernoon.com.

Meet the Winners of Startups in Europe

Real estate is one of the most important sectors of the economy from a global perspective and has a large impact on the livelihoods of many people throughout the world. The real estate sector plays a crucial role in all countries' economies, and the gravity of this massive industry becomes clear when one looks back at the crash of the US housing market, which led to the longest and deepest economic recession since the Second World War. Real estate is now a trillion-dollar industry, as well as the largest asset class in the world. Over the last few years, it has consistently achieved positive growth. Just the professionally managed global real estate investment market increased from $8.9 trillion in 2018 to $9.6 trillion in 2019 [1]. However, real estate is not only an investment object but often the largest capital outlay in a person's life. It lays at “the intersection between big capital and big humanity” [2], offering vast opportunities for both enterprises and individuals. Blockchain technology can have a significant impact on this industry and can assist both enterprises and individuals in solving the existing challenges in the real estate industry. Challenges in Real Estate Despite the size of the industry, the process of buying, selling, and valuing real estate is rather opaque. For many, it is difficult to access the true value of a property and to understand the idiosyncrasies of the housing market. Today, many transactions are still paper-based and involve numerous parties, leading to decreasing transparency and increasing costs. The real estate market consists of many siloed and independent networks with transactional friction and obscurity between them. In this context, there is a great deal of potential to improve the process of real estate transactions by increasing both efficiency and transparency. The real estate market has been used by criminal organizations for many years. Between 15 and 30 percent of all proceeds from criminal activities are invested in real estate [3]. The intransparent nature of real estate transactions allows activities, such as money laundering to persist. According to Transparency International and Global Witness [4], over 87.000 properties in England and Wales are owned by anonymous companies registered in tax havens. According to these same organizations, at least £4.4 billion worth of property in the UK has been bought with suspicious wealth. In Germany, about €30 billion of international money with an unclear background entered into the real estate market in 2017 [5]. Despite measures introduced by governments, money laundering remains a big problem in the industry. This issue coincides with the low degree of digitization concerning land and ownership registries, of which some are still paper-based. As a consequence, these can still be lost, destroyed, falsified, or easily manipulated. Real Estate has been considered to be a profitable investment object for many years now and has provided impressive returns, including its capability of creating passive and stable income, coupled with providing tax advantages. However, the majority of the population does not have access to this investment possibility. The barriers to entry are still very high which prohibits many individual investors from investing in real estate. As a result, it is mostly large corporations or the wealthy who have access to this market. For smaller investors, it is often too expensive and too risky. The average person only buys real estate for residence purposes, as opposed to using it as an investment. Moreover, real estate is also one of the most illiquid investments, which means that it cannot be sold quickly without a substantial loss in value due to a lack of potential buyers. Once committed, it is difficult to turn back. This contributes to the difficulty of non-wealthy investors to join in. Benefiting from real estate is quite difficult without having a high financial backup or taking a large amount of risk. Benefits for Enterprises & Individuals Blockchain technology can have a significant impact on solving these challenges, as it has the ability to benefit enterprises as well as individuals in many ways. The key characteristics of blockchain technology, decentralization, and immutability, play a primary role in this context. Decentralization means that data stored on the blockchain is visible to everyone, and immutability refers to the fact that this data cannot be tampered with or changed by an individual. These very important features lay the foundation for efficiency and transparency in ways that have never been attainable before in the real estate industry. Through blockchain technology, real estate transactions can be automated, accelerated, and traced, as well as becoming more accessible. Blockchain makes the transaction process more efficient and cuts costs Currently, purchasing and selling real estate is a slow and expensive process and changes can not be done easily. Blockchain technology can make transactions of real estate more efficient and less costly by reducing the number of intermediaries. Transactions facilitated on a blockchain can be made within minutes and cost only a fraction of its current price. Expensive intermediaries, such as real estate agents, appraisers, and notaries are cut out of the process. Moreover, it can make the market more integrated and can eliminate currently existing database silos which are very common in the industry. By compiling data from various stakeholders in a blockchain-based database, buyers, sellers, and observers can easily get an overview of the market, analyze the value of properties faster, and consequently, can both enhance and speed up the decision making process. Blockchain makes the real estate industry more transparent Blockchain technologies’ immutable and decentralized nature can have a significantly positive impact on the transparency within the real estate market and can assist in combating money laundering and tax evasion. Through blockchain technology, documents, and events during the purchase of a property can be tracked, contracts become readable, and registries cannot be changed afterward. Furthermore, it also establishes an all-encompassing overview of where investments come from and who the actual owner of a property is. As a result, it becomes more difficult for criminal organizations to launder illegally obtained money through the purchase of properties. By facilitating real estate transactions on a blockchain, it also becomes impossible to hide the value of property transactions from tax authorities. In addition, blockchain technology helps companies and individuals to access the actual value of properties and facilitates an easier due diligence process before the purchase of properties. Blockchain makes real estate investments more accessible Blockchain technology enables new ways to invest in real estate which benefits companies as well as individuals. New business models lower the barriers to real estate investing for individuals and allow companies to raise funding more easily for projects. Blockchain technology allows individuals and companies to purchase and trade only fractions of a real estate, and in turn, enables fast and easy transactions of ownership. This creates liquidity and ultimately makes the real estate industry more accessible. This fractional ownership is often defined as tokenization. Tokenization Tokenization refers to the securitization of digital assets. It is a process in which blockchain tokens are issued to represent real-world assets, such as bonds, commodities, artwork, and real estate. Tokens can be programmed to include ownership rights, rules, and transaction history and can be traded on a secondary market; similar to cryptocurrencies and stocks. After an asset has been tokenized, it can be divided into more granular pieces, hence it becomes available to a larger audience. In the case of real estate, tokenization reduces costs of investments, allows fast and easy transactions, and provides liquidity in an otherwise slow-moving industry. Consequently, it enables more people to invest in real estate, also investors with only minimal available capital. Moreover, real estate companies that issue tokens have a larger pool of potential investors available to finance a project and can innovate faster due to the lean process of raising money. Tokenization offers the possibility to establish new business models and make use of the secondary market. In conclusion, tokenization can benefit the issuer as well as the investor and ultimately makes real estate more accessible. Blockchain Technology Applied Enterprises have already recognized the impact that blockchain technology can have on the real estate industry. More start-ups are emerging that develop new business models, and large real estate companies and capital investors are incorporating blockchain technology into their business portfolio. In addition, governments are also experimenting with blockchain-based registries. Some of the most well-known use cases of blockchain technology in real estate are those covering the tokenization of properties and blockchain-based registries. Tigris Immobilien - Tokenization of Real Estate [6] The German real estate company Tigris Immobilien GmbH partnered with Black Manta Capital Partners in 2020, with the goal of tokenizing high-end properties located in Berlin with a value estimated to be around $12 million. The project includes around 2000 m² of real estate, most of which are individual apartments. Parts of the properties will be financed via a real estate token offering (RETO). Usually, investments in similar projects require hundreds of thousands of euros in investments. However, the minimum investment for RETO is only $500. In addition, investors will receive dividends from the initial and subsequent sale of apartments, they will gain preference during the sale, and will receive around 20 percent of the total profit of the project. While this project is reserved for German and Austrian investors, Black Manta Capital Partners will carry out more token offerings throughout 2020. Benefits of the Initiative: A larger pool of investors. An easier way to finance the project. Low transaction costs. Low barrier to invest in real estate. Professional opportunities for the regular investment community. Sweden - Blockchain for Land Registry [7] Lantmäteriet is the Swedish mapping, cadastral and land registration authority, that is responsible for guaranteeing the security of ownership of Sweden’s real property, which has been exploring blockchain technology for its land registry. Together with Telia, ChromaWay and Kairos Future, they introduced a pilot project in 2017 to study the possibilities of using blockchains as a technical solution for facilitating real estate transactions faster, with both more transparency and efficiency. After the completion of the pilot project, they realized that blockchain technology can reduce the number of mistakes during the process significantly, which in turn can increase the likelihood of acquiring a property title, and hence reduce the time of the registering process from 4 months to a few days. In 2020, ChromaWay, the startup that was responsible for the technical part of the pilot project, started to expand into Latin America. It plans to strengthen blockchain standards, governance, and protocols for land transactions in Bolivia, Peru, and Paraguay [8]. Benefits of the Initiative: Faster and more efficient processing of transactions. No loss of data. No manipulation of ownership. Real Estate Blockchain Applications Built with Lisk Enterprises, individuals, and governments can benefit greatly from exploring the potential of blockchain technology in real estate. Lisk provides the tools to experiment with this technology and to develop real estate proof of concept blockchain applications. Leasehold is a real estate company that created a business model around sharing income from short-term rental. It used the Lisk SDK to develop its blockchain application and aims to connect it to the Lisk blockchain application platform later on. The Lisk Builders program can assist enterprises and developers in developing blockchain applications for the real estate industry. [1] https://www.msci.com/documents/10199 [2] https://conferences.oreilly.com/strata/strata-eu-2019 [3] https://www.dw.com/en/german-law-targets-money-laundering-in-property-market [4] https://www.globalwitness.org/en/press-releases/government-announces-new-law-bring-transparency-property-market/ [5] https://www.dw.com/en/german-real-estate-market-a-hotbed-of-money-laundering-transparency-reports [6] https://www.securities.io/black-manta-capital-partners-tokenizes-12m-of-german-high-end-real-estate/ [7] http://ica-it.org/pdf/Blockchain_Landregistry_Report.pdf [8] https://www.coindesk.com/chromaway-expands-effort-to-put-latin-american-land-records-on-the-blockchain

Everything You Need to Know About Blockchain in Real Estate

A Deep Dive Into DPoS Platforms’ Game Theory & Incentives

Cryptocurrency is one of the words you can’t avoid these days. News, blogs and even big-time financial authorities obsess over it, and by now everyone has to admit: the world is changing in front of our eyes. Miss this bandwagon now and you will be left so far behind that you might never recover. So, here you are with this great new business idea or getting ready to launch a startup, and you want to embrace the fascinating opportunities of the new world and create your own cryptocurrency. But how exactly does one do that? The Internet is full of information but, as it often happens, it’s contradicting, spattered all over the place, and sometimes simply hard to understand due to a heavy industry jargon. After reading this article you will know exactly what a cryptocurrency is, how a token is different from a coin, how to make your own cryptocurrency and whether your business needs it. Trending Cryptocurrency Hub Articles: 1. Everything we know about Ethergotchi so far! 2. Decentraland’s Virtual LAND Sale Stats 3. Three best blockchain stocks investors should watch out for 4. A Crypto that will Pay You Difference Between Token and Coin Before we dive into the technicalities of how to create your own cryptocurrency, we should set our facts straight and take a look at some basic definitions used in all cryptocurrency-related conversations. So, what is a cryptocurrency? Let’s take a step back and refresh in memory a definition of a currency first. While we tend to think about currencies in terms of banknotes and coins or dollars and euros, a currency is a unit of storage and account and a means of exсhаnge, i.e. a universally accepted way to obtain goods and services as well as to store and distribute wealth. Now, a cryptocurrency can be defined as a digital currency relying on encryption to generate new units and confirm the transactions. It has all the functions of the currency with the difference of running outside of a single centralized platform (such as a bank). Cryptocurrencies don’t have banknotes but they do have coins, which are often confused with tokens. So what exactly is the difference between them? Simply put, it all comes down to these three points: Coins require their own blockchain while tokens can operate on the existing ones. Tokens are limited to a specific project; coins can be used anywhere. Coins buy tokens but tokens can’t buy coins. If you want to put tokens and coins in a real-life context, think about tokens as your Frequent Flyer Miles while coins are actual money: you can use both to get an airplane ticket, but with the miles your choice will be limited to the air company that issued them, while with the money you can take your business anywhere you want. The bottomline is that you need to build a blockchain if you want to create a crypto coin. Benefits of having your own cryptocurrency In some cases it’s a no-brainer: if your project or startup requires its own blockchain, you need to create your own digital currency to incentivize the nodes contributing their processing power. One more word on blockchains here: many authoritative business analysts foresee a big future and a growing list of the markets and industries where the blockchain technology will significantly disrupt the status quo and generously reward the early adopters. The good news is that for many fields the blockchain technology has never truly arrived yet so it’s not too late to join the ranks of pioneers. The other important aspect is that when you decide to start a cryptocurrency you get a whole set of powerful marketing tools and consumer benefits which will help you differentiate yourself from the competition. Here is a list of the most significant advantages: Eliminating fraud risks — cryptocurrency is impossible to counterfeit and no party can reverse past transactions. Providing transaction anonymity — customers decide what exactly they want sellers to know about them. Cutting down operating costs — cryptocurrency is free from the exchange or interest rates, as well as the transaction charges. Offering immediate transactions — state holidays, business hours or geographic location of the parties don’t affect cryptocurrency. Ensuring an immediate pool of potential customers — now you can make business with those without an access to traditional exchange resources. No more trade restrictions in any markets. Providing security for their funds — since cryptocurrency is a decentralized system, there is no Big Brother figure like banks or government institution that can seize or freeze your assets. How to Create a Blockchain Now that you know how your own cryptocurrency can boost your business, let’s see the main steps you need to take to build a blockchain. Step 1. Know your use-case. Do your business interests lay in smart contracts area, data authentication and verification or in smart asset management? Define your objectives clearly at the very beginning. Step 2. Choose a consensus mechanism. For your blockchain to operate smoothly the participating nodes must agree on which transactions should be considered legitimate and added to the block. Consensus mechanisms are the protocols that do just that. There are plenty to choose from for the best fit for your business objectives. Step 3. Pick a . blockchain platform Your choice of a will depend on the consensus mechanism you’ve selected. To give you a better idea of what is out there, here is a list of the most popular blockchain platforms: blockchain platform Ethereum (market share — 82.70%) Waves (WAVES) NEM Nxt (NXT) BlockStarter EOS BitShares 2.0 CoinList Hyperledger Fabric IBM blockchain MultiChain HydraChain BigChainDB Openchain Chain Core Quorum IOTA KICKICO Step 4. Design the Nodes If you imagine a blockchain as a wall, nodes are the bricks it consists of. A node is an Internet-connected device supporting a blockchain by performing various tasks, from storing the data to verifying and processing transactions. Blockchains depend on nodes for efficiency, support, and security. There is a number of choices you have to make about the nodes you will employ: What are they going to be in terms of permissions: private, public, or hybrid? Will they be hosted on the cloud, on premise or both? Select and acquire necessary hardware details, such as processors, memory, disk size, etc. Pick a base operating system (most common choices would be Ubuntu, Windows, Red Hat, Debian, CentOS, or Fedora) Step 5. Establish your blockchain’s internal architecture Tread carefully as some of the parameters can not be changed once the blockchain platform is already running. It’s a good idea to take your time and really think through the following: Permissions (define who can access the data, perform transactions and validate them, i.e. create new blocks) Address formats (decide what your blockchain addresses will look like) Key formats (decide on the format of the keys that will be generating the signatures for the transactions) Asset issuance (establish the rules for creating and listing all asset units) Asset re-issuance (establish the rules for creating more units of the open assets) Key management (develop a system to store and protect the private keys granting the blockchain access) Multisignatures (define the amount of keys your blockchain will require to validate a transaction ) Atomic swaps (plan for the smart contracts enabling the exchange of different cryptocurrencies without a trusted third party) Parameters (estimate maximum block size, rewards for block mining, transaction limits, etc.) Native assets (define the rules of a native currency issued in a blockchain) Block signatures (define how the blockchain participants creating blocks will be required to sign them) Hand-shaking (establish the rules of how the nodes will identify themselves when connecting to each other) Step 6. Take care of APIs Make sure to check whether the blockchain platform of your choice provides the pre-built APIs since not all of them do. Even if your platform doesn’t come with those, not to worry: there are a lot of reliable blockchain API providers out there. Here are some of them for you to check out: ChromaWay Bitcore Neuroware Tierion Gem Coinbase’s API Colored Coin APIs Blockchain APIs Factom Alpha API Colu BlockCypher Step 7: Design the Interface (Admin and User) Communication is the key and a well-thought-out interface ensures a smooth communication between your blockchain and it’s participants. Here are the things to consider at this stage: Web, mail and FTP servers External databases The front end and programming languages (e.g. HTML5, CSS, PHP, C#, Java, Javascript, Python, Ruby). Step 8. Make your cryptocurrency legal Slowly but surely the law is catching up with the cryptocurrencies and you better protect yourself from any surprises by looking into the trends around the cryptocurrency regulations and the direction they are headed. Bonus step for overachievers: Grow and Improve your Blockchain You’ve come so far, don’t stop now. Get a headstart into the future and think how you can boost your blockchain by tapping into the future-proof technologies like the Internet of Things, Data Analytics, Artificial Intelligence, Cognitive service, Machine Learning, Containers, Biometrics, Cloud, Bots and other inspiring developments. Bitcoin Forks as an Alternative to Building Your Own Blockchain As you can see, it takes a lot of time, resources and particular skills to build a blockchain. So what can you do if you don’t possess all of the above but still want to build your own cryptocurrency? Then it’s time to talk about Bitcoin forks. How to Create a Bitcoin Fork? It’s time for another basic definition to make sure that we speak the same language. What is forking in cryptocurrency? In layman’s terms, a blockchain fork is a software update. All blockchain participants (aka full nodes) run the same software and it’s crucial that they run the same version of that software to be able to access the shared ledger to verify transactions and ensure network security. Therefore, every time you want to change your blockchain parameters or introduce new features, you will need to create a fork. What is the difference between hard and soft forks? Forks can be divided into hard and soft. Hard forks require 90% to 95% percent of the nodes to update their software; the system will no longer accept the nodes running a non-updated version. Soft forks are less demanding. Simply a majority of the nodes is required to update the software and those who run a previous version can continue to operate. What are Bitcoin forks? Now, the Bitcoin forks are the changes in the Bitcoin network protocol. Since the Bitcoin code is an open-source protocol, it is a low-lift exercise for those who want to create their own cryptocurrency and built on the existing by adding new features or addressing current imperfections. How to create a Bitcoin fork? Option 1. Use a fork coin generator. If you don’t have any programming skills, services like ForkGen might be a perfect solution for you. ForkGen is an automated fork coin generator where anyone can create a unique Bitcoin offshoot by changing some parameters and rules. Option 2. Do It Yourself. If you want to take a hardcore way to create a Bitcoin fork and aren’t afraid to get your hands dirty, follow these steps: Go to Github, find, download and compile Bitcoin code on your computer. Then, the programming part starts: you’ll have to reconfigure the Bitcoin code, implement your customization. Publish the code (open source) back to Github. Provide a website and some kind of documentation (normally a white paper). Bitcoin forks: success stories Bitcoin forks are worth exploring if you want to start your own cryptocurrency leveraging the social and financial capital around the Bitcoin name. Some examples of successful Bitcoin forks include: Litecoin Bitcoin Cash Bitcoin Gold Main Steps of How to Make Your Own Cryptocurrency To sum it up, you have two ways to go about starting your own cryptocurrency: build a blockchain or create a fork. To build a blockchain you need to: define how it will be used in your business model; decide upon a consensus mechanism choose a blockchain platform; design the nodes and blockchain properties; provide APIs for the tasks executed on you blockchain; develop an intuitive and comprehensive Admin and User Interfaces; take care of the legal side of the business. To create a Bitcoin fork you can either: Use an automated fork coin generator like ForkGen Or: Download the Bitcoin code; Customize it; Publish and maintain your code. Starting a New Cryptocurrency: Is It Worth the Effort? Having read this far, you already have a fairly clear picture of what it takes to create a new blockchain. Before starting any new complex project it’s always a good idea to take a deep breath and evaluate once again if this is something you should be investing your time and money in. So, how to establish if you even need a blockchain in the first place? Here is a list of question that will help you to answer this question before you make this commitment. Do you need data storage? Do your requirements reach beyond what a traditional database can provide? Do you have multiple participants updating the data? Are you looking to eliminate a third-party? Do you want to establish a safe environment for the parties that don’t trust each other? Is your environment going to have hard rules requiring little to no updates? Do you need to maintain the privacy of your data? If you’ve answered “yes” to 3 and more of these questions, you will get all the benefits of a blockchain including: Enhancing data security. Cutting down transaction costs. Preventing frauds. Improving efficiency. Providing transparency. Executing Smart Contracts. While the benefits are numerous, the amount of work that goes into creating your own blockchain is significant and requires a wide range of knowledge and tools to execute all steps of the process in the most time- and cost-efficient way. Having employed the help of professional developers you will significantly cut down your expenses in the long run by eliminating the room for errors, and, therefore, time and cost of the rework and updates; future-proof your solutions by working with the experts who stay on top of all the latest industry developments and innovations, and free up your time for growing your business. Explore how your business can benefit from its own cryptocurrency and blockchain — schedule your free with the Ezetech professionals now. 30-min consultation Originally published in Ezetech blog and shared with Medium community. And don’t forget to give us your 👏 below!

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