Bitcoin Association appoints first China-based technical outreach specialist to increase enterprise awareness of Bitcoin SV 6611

Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces that it has appointed Aaron Zhou as its first China-based technical outreach specialist. Zhou’s hire is the latest addition to a growing team of technical and business outreach professionals within Bitcoin Association, dedicated to improving enterprise engagement and increasing awareness of the capabilities of Bitcoin SV as a data network protocol.

In his new role, Zhou will work alongside Bitcoin Association’s global team and China-based staff to engage with business, technology and government leaders across China, educating them about the benefits of building on the Bitcoin SV public ledger and the technical tools available for doing so, as well as the growing ecosystem of companies and products using its network. In addition to his role with Bitcoin Association, Zhou will also join nChain – a leading global blockchain research & development firm – as a software engineer, where he will be a part of the Bitcoin SV Infrastructure team.

Zhou makes the move to his new roles from IBM in Beijing, where he most recently worked as a Java developer and DevSecOps engineer. A long-standing, active member of the Bitcoin SV community, in his own time, Zhou has made contributions to the open-source BitSV Python library, collaborated on several Bitcoin SV application development projects, as well as conducted Bitcoin Association-sponsored workshops and webinars on blockchain technology to educate fellow developers.

The expansion of the Bitcoin Association team comes as interest and uptake of Bitcoin SV continues to grow across China and around the world. As the only blockchain protocol which adheres to creator Satoshi Nakamoto’s original design and vision for Bitcoin – both as a peer-to-peer electronic cash system and global data ledger for enterprise – Bitcoin SV is quickly becoming the enterprise network of choice for both businesses and developers. With the ability to scale unbounded and support huge volumes of transactions, in addition to its micropayment, smart contract, tokenization and data functionalities, Bitcoin SV is the only blockchain capable of serving as the world’s public data ledger for payments and enterprise data applications.

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2020 is the Year SMBs Invade ERP, According to ERP Advisors Group Annual Report 16997

If there was a theme for 2019, it was the year cloud-based ERP finally arrived. No longer a novelty, cloud ERP is the new normal, the “big deal” — the baseline paradigm.

But if 2019 was big, 2020 will be small … and medium. For the ERP Advisors Group Annual Report on the State of ERP, Shawn Windle sat down for a video interview to reflect on ERP trends from the past year and discuss why 2020 is the year the SMBs invade ERP.

“With robotic process automation, artificial intelligence and blockchain technology, all of these factors are converging to make investing in technology make a ton of sense,” said Windle. “In 2020, you’re going to have a ton of great options for software. It’s going to be the year where, if you’ve been on the fence, waiting to see if the cloud is for real — it’s for real.”

Windle noted that advances in ERP systems are allowing vendors to be more agile with industry-specific solutions. “Large vendors that focus on bigger companies like Workday or Oracle are moving downmarket,” he said. “And the companies that have traditionally focused on smaller businesses are going upmarket. Your options for software are going to be awesome in 2020.”

“There are several organizations that build apps on top of their platform so that, almost overnight, they can come in with an industry-specific solution for a micro-vertical,” said Windle.

Here are the three biggest ERP trends for 2020:

1. Companies and organizations of all kinds are investing in software. And that includes everyone from gigantic government agencies to emerging startups.

2. Industry-specific solutions are dominating their respective fields. The deployment cost of bringing new applications to market is lower than ever, meeting the needs of the most demanding micro-verticals.

3. ERP implementation partners are coming of age. They are meeting the challenge of understanding your business, the product, the technology, the configuration, and the customization you need.

The biggest prediction for ERP in 2020:

2020 will be the year of SMBs — the year that ERP for small and midsize businesses will finally become a cost-effective reality. For SMBs with an annual revenue between $50 million and $500 million, the number of ERP software options available in 2020 will be astounding.

ERP Advisors Group has helped over a thousand organizations become successful with their enterprise software initiatives. Because they remain technology-independent at all costs, ERP Advisors Group is becoming known as the world’s most trusted enterprise software advisory firm.

Real Name Virtual Bank Accounts Required for South Korean Cryptocurrency Exchanges 25469

In the recent past, on November 21st, 2019, the South Korean parliament approved legal amendments to meet international regulatory standards. The Value Network Domain Name System (VDNS) is especially developed by Bithumb as an identity authentication system is an effort to comply with global requirements.

In a bid to ensure that cryptocurrency virtual assets-handling companies in South Korea are in compliance with the recommendations of the International Anti-Money Laundering Organization, Financial Action Task Force (FATF), amendments to the Act on Reporting and Use of Specific Financial Information have been revised by the Amendment Subcommittee on Parliamentary Affairs from the National Assembly, the legislative body of South Korea.

The amendment comes with the new Special Financial Transaction Information Act, which is backed by the Korean Blockchain Association. This officially brings the cryptocurrency sector under the purview of the local mainstream economy. More importantly, real name virtual bank accounts are now a mandatory requirement. The exchanges and its representatives are also now under the purview of the Financial Commission’s Financial Information Analysis Institute (FIU) and report directly to them.  According to the approved revisions, noncompliance could result in a 5-year jail term including a fine of up to 50 million Won ($42,000 US Dollars).

The Current Situation

South Korea’s cryptocurrency industry faces stifling restrictions, more notably, after January 2018, when the Financial Services Commission cracked down against anonymous virtual accounts, tagging large transaction volumes as potential money laundering targets, leaving only a handful of cryptocurrency exchanges permission to have commercial bank accounts and continue operations, Bithumb being one. With South Korea accounting for nearly 20% of the world’s cryptocurrency transactions, this niche industry was severely affected when banks put an end to the practice of the limitless operation of only virtual accounts for its cryptocurrency-using customers.

Enter Bithumb Chain and the Value Network Domain Name System

Bearing in mind the need to simplify on-ramping onto the cryptocurrency world for new businesses and the general public alike, Bithumb Chain’s Value Network Domain Name System (VDNS) was built to serve as an identity authentication system. With Bithumb Chain’s VDNS system, every on-chain address is entitled to one top-level domain with a domain name of up to 32 characters. The VDNS system offers users to issue non-public proofs on the blockchain, and a way to authenticate such proofs against the issuer’s domain name linked to their addresses, thereby meeting the demand for transactional privacy as per FATF requirements as well. 

About Bithumb Chain

Bithumb Chain is designed to be a multifaceted solution targeted to solve various on-ramping issues in the cryptocurrency world serving as a bridge between various off-chain and on-chain services, products, and infrastructure. Bithumb Global is presently one of the leading cryptocurrency exchanges of South Korea and the world.

For more information on Bithumb Chain and Bithumb Global, please visit www.bithumb.pro

Walmart Canada and DLT Labs™ launch world’s largest full production blockchain solution for industrial application 24622

Walmart Canada and DLT Labs™ today announce the launch of Walmart Canada’s blockchain-based freight and payment network, the world’s largest full production blockchain solution for any industrial application. The new system uses distributed ledger technology to track deliveries, verify transactions, and automate payments and reconciliation among Walmart Canada and its carriers which deliver inventory to over 400 retail stores across Canada annually. All Walmart Canada’s third-party carriers are scheduled to be live by February 1, 2020. The solution is accessible using a web portal and an easy to use mobile application.

Walmart Canada partnered with DLT Labs™ to automate freight and payment data using DLT’s leading supply chain platform DL Asset Track™. The new blockchain-based freight and payment network manages, integrates and synchronizes all the supply chain and logistics data in real time, aggregating the data between Walmart Canada and its fleet of third-party trucks on a shared ledger. The solution also automates the myriad necessary calculations enabling real-time invoicing, payments and settlement. At the same time, it seamlessly integrates with each company’s legacy systems, so organizations can continue to follow their existing processes without retraining or a new investment in technology. This innovation arose from Walmart Canada’s continued focus on reducing costs to ensure the lowest everyday prices for Canadian consumers.

John Bayliss, senior vice-president, logistics and supply chain, Walmart Canada, says, “Walmart Canada is dedicated to efficiency across our business, including most importantly in our supply chain and logistics management. Our carrier partners move over 500,000 loads of inventory nationally, which creates an extraordinary volume of transaction data. This new dynamic and interactive blockchain technology platform is creating complete transparency between Walmart Canada and all of our carrier partners.” Bayliss adds, “Blockchain is enabling a material advance in our smart transportation network, with expedited payments, extensive cost savings and other benefits among our supply chain. Moreover, this degree of improved efficiency represents a powerful platform for us to continue to reduce our environmental footprint and continue our leadership in environmental sustainability.”

Loudon Owen, CEO of DLT Labs™, says, “Walmart is a global leader in innovation, with a relentless focus on improving people’s lives, and DLT Labs™ is delighted to partner with such an extraordinary organization to bring the world’s first and largest blockchain solution for industry into production. This proves the high value of blockchain and sets the stage to revolutionize supply chain management and logistics, due to its ability to enable secure information sharing, manage trust and reduce waste in multi-partner operational processes.” Owen adds, “Just as the Roman’s concept, ‘dictum meum pactum’ (meaning ‘my word is my bond’) was fundamental to building trade, this product creates a secure digital handshake using blockchain to renew trust and efficiency in global trade.”

Bison Transport was the carrier partner in the pilot of this new blockchain-based freight and payment network. According to Rod Hendrickson, VP Finance, Bison Transport, “Great partners find innovative ways to create business solutions that benefit both parties. The blockchain initiative we worked on with Walmart and DLT Labs is just that – a mutually beneficial solution that works well for Bison Transport and Walmart Canada.  This project is a new paradigm that will greatly improve workflows, reduce paperwork, and make the business we do with Walmart more efficient.”

Walmart Canada’s distribution centres are hubs of activity, with more than 4,500 associates and drivers moving thousands of items daily from sites located in CalgaryMississauga and Cornwall to stores from coast to coast across Canada. Walmart Canada operates 8.75 million square feet of distribution center and moves more than 853 million cases of merchandise annually. These goods are transported by a combination of 3rd party fleet as well as Walmart Canada’s own fleet of 180 tractors, 2,000 trailers and more than 350 drivers. Each third-party trailer tracks approximately 200 data points per shipment. Automating this data collection and management using blockchain results in a significant cost-saving.

Walmart Canada is committed to ongoing leadership in developing smart transportation networks, having already established more efficient techniques for loading, routing, driving, and energy efficient improvements with truck manufacturers. Interconnecting the data between Walmart Canada and its carrier partners provides a platform to materially improve operations, delivery coordination and routing efficiency, waste and cost reduction, and automated payment reconciliation and processing.

StockCharts.com Introduces Cryptocurrency Data and Advanced Charting for Digital Assets 28378

StockCharts.com has announced the addition of cryptocurrency data to its award-winning financial charting platform and full suite of investment analysis tools. The initial slate of data includes 15 prominent cryptocurrencies, including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Monero and many more, with others expected to be added in the near future.

“The advanced charting tools are the heart and soul of StockCharts, but data is the lifeblood,” said Chip Anderson, founder and President of StockCharts.com. “Our data coverage is an ever-expanding puzzle, and the addition of crypto is the latest piece. We’ve watched this market carefully over the past few years, and the time is right to bring this growing new asset class to StockCharts. I’m excited to help our users chart and analyze the crypto world like never before with this new data now on the site.”

Cryptocurrency data launched on the StockCharts.com website during the week of Nov. 4 and is now available for charting analysis to both free users and paid members. All cryptocurrency data is updated in real time, 24/7.

“We’re absolutely thrilled about the addition of crypto data to StockCharts.com,” said Grayson Roze, StockCharts.com VP of Operations. “We’re always looking for ways to deliver more value to the investment routines of our users, and supporting the crypto markets as we now do is a wonderful next step in that mission. Adding this data is a great boost to our product on its own, but in concert with the ongoing rollout of our new Advanced Charting Platform, the excitement has only just begun.”

StockCharts.com users will be able to track cryptos with advanced technical charts, run custom technical scans for all cryptocurrencies and set automatic alerts for coins that they follow most closely.

The launch slate of cryptocurrencies on StockCharts.com includes:

  • Bitcoin ($BTCUSD)
  • Ethereum ($ETHUSD)
  • XRP ($XRPUSD)
  • Bitcoin Cash ($BCHUSD)
  • Tether ($USDTUSD)
  • Litecoin ($LTCUSD)
  • EOS ($EOSUSD)
  • Binance Coin ($BNBUSD)
  • Chainlin ($LINKUSD)
  • Bitcoin SV ($BSVUSD)
  • TRON ($TRXUSD)
  • Stellar ($XLMUSD)
  • Cardano ($ADAUSD)
  • Monero ($XMRUSD)
  • IOTA ($MIOTAUSD)

A complete, real-time summary of all cryptocurrencies currently available on StockCharts can be found at StockCharts.com/crypto.

About StockCharts

StockCharts.com is the web’s leading technical analysis and financial charting platform for online retail investors. Founded in 1999 by early Microsoft developer Chip Anderson, the company has been an industry leader in the financial technology space for nearly two decades, providing innovative, award-winning charting and analysis tools to a global audience.

By using technology to help investors visualize financial data, StockCharts.com allows users to better analyze the markets, monitor and manage their portfolios, find promising new stocks and funds to buy and, ultimately, make smart, well-timed investment decisions. With over 1.5 million active monthly users and counting around the world, the company serves an ever-growing, ever-changing array of active traders and investors.

Malta MFSA Warning – Bitcoin Future 28979

The Malta Financial Services Authority (“MFSA”) has become aware of an entity by the name of Bitcoin Future. This entity appears to present the same deceitful characteristics as another entity, Bitcoin Revolution, against which the MFSA has already issued public warnings on 25 January 2019 and on 29 August 2019.

Such entities have been constantly resurfacing on the internet as adverts, and are operating under various names. These fake adverts claim to provide a “Way to build your life better” and a “Unique opportunity for Maltese”, and are currently operating through the following internet addresses: https://bit.ly/2IS0YeT and https://bit.ly/2IOE7ks.

Bitcoin Future is promoting itself by means of fake news articles which misuse images of local personalities and images of local government institutions. The fake articles are advertised on various social media platforms and falsely claim to be linked to these individuals

Bitcoin Future is NOT a Maltese registered Company, NEITHER is the entity operating under the transitory provision in terms of Article 62 of the Virtual Financial Assets Act (Cap 590 of the Laws of Malta) NOR is it authorised to provide any financial services in or from Malta.

Furthermore, information available to the MFSA suggests that Bitcoin Future is likely to be an international “get-rich-quick” cryptocurrency scam. The public should therefore refrain from undertaking any business or transactions with the entity operating under the abovementioned names.

The MFSA strongly advises investors and consumers of financial services that prior to making any investment or entering into any financial services transaction they should make sure that the entity with whom the investment or transaction is being made is authorised to provide such services by the MFSA or another financial services regulatory authority as applicable.

A list of entities licensed by the MFSA can be viewed on the official website of the MFSA at https://www.mfsa.mt/financial-services-register/ .

For more information on cryptocurrency scams please refer to the Scam Detection Guidelines issued by the MFSA at https://www.mfsa.mt/consumers/scams-warnings/typical-scams/. If you are a victim of a cryptocurrency scam or any other type of financial scam or think you might be dealing with an unauthorised entity, first of all stop all transactions with the company and contact the Authority at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.

OKEx Announces 14 Partnerships to Expand Adoption of Its Native Token OKB 32322

OKEx

OKEx, the world-leading cryptocurrency exchange, has announced partnerships with 14 service providers, covering lifestyle, decentralized finance, and cybersecurity, to promote the adoption of OKB, the global utility token of the exchange.

Travelling, gaming, and mobile surfing comprise an essential part of the everyday life of many people nowadays. Now, with OKB, its users can easily book hotel stays, top up mobile, or gear up gaming experience via a range of lifestyle partners.

  1. Litex — Top up your mobile & fuel card with OKB
    LITEX, the largest commercialized layer2 ecology worldwide, is able to realize off-chain transaction and cross-chain communication to solve the main technical pain points of blockchain. It supports over 100,000 TPS off-chain with zero transaction fees.
  2. Tripio — Book your stay at 450,000+ hotels worldwide with OKB
    Tripio is the world’s first decentralized travel booking marketplace based on blockchain. It leverages blockchain technology to connect global customers to over 450,000 hotels worldwide with authentic reviews, accurate room status updates, and lower fees.
  3. TrueChain — Shop at hundreds of merchants with OKB
    TrueChain has partnered with OKB to push the adoption of the token in hundreds of physical stores by leveraging the resources from projects in Korea, ThailandVietnam, etc. TrueChain is the world’s first public chain that implemented the PoW + PBFT hybrid consensus. It offers DApp and financial transaction services with high performance and security.
  4. QLC Chain — Redeem mobile communication services with OKB
    QLC Chain has enabled its users to redeem and top up its blockchain-driven mobile services with OKB. QLC Chain is the next-generation public chain for Network-as-a-Service (NaaS, enabling everyone to operate and benefit from network services.
  5. Lucia — Rent a room from a trustworthy community with OKB
    Lucia is a blockchain-based rental platform that aims to create a trustworthy, mutually beneficial community. The platform leverage blockchain tech and smart contract to build a rental community based on trust.
  6. BitTorrent — Upgrade to fast, ad-free file transfer service with OKB
    BitTorrent is a popular application for transferring files around the internet. With it, you can download movies, TV shows, games, and more to your favorite devices. Now you can subscribe for BitTorrent service with OKB for a high-speed, ad-free downloading experience.
  7. FishChain — Up your game with OKB
    FishChain is a virtual asset trading platform built-in gameplay, as well as a blockchain game built into the exchange. FishChain extends the mature collection and form game to the blockchain, providing safer, faster, more transparent and traceable virtual asset services to 50 million players worldwide. There are many fun game-plays in FishChain, mining, trading, fishing, breeding, fighting, mixing, gene combination and so on.