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Professor George Giaglis and his New ICO

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Professor George Giaglis is one of the most important figures in the Blockchain community. He’s the scientific coordinator of the world’s first open online course on cryptocurrencies and the first academic degree on Blockchains in the University of Nicosia. There has been 20,000 students from 85 different countries that have participated in the new program.

Giaglis has now partnered with SportCo, and he has now shared some light on this event thanks to the interview provided by the Digital Journal.

Giaglis New Venture

Digital Journal: How important is blockchain set to be for business?

Professor George Giaglis: Blockchain is a truly revolutionary technology that will ultimately re-shape the architecture of the Internet toward a more decentralized, open and user-centric ecosystem. In this respect, its disruptive potential to almost every business is enormous. The first sectors to be affected will be those on financial mediation, like banking and insurance.

DJ: Is blockchain necessary for all businesses with a digital presence?

Giaglis: Of course not. Blockchain is good when there are significant network effects (i.e., when the value of a product is associated with the number of people using it), when there is trust involved and when we want to avoid single points of control or failure. This encompasses many aspects of the ways we do business today, but certainly not all. It is just a sign of the times that we see almost anyone wanting to jump on the blockchain bandwagon today, like on the Internet in the late 1990s.

DJ: In which cases is blockchain inappropriate for an enterprise?

Giaglis: Blockchains are not good when you want centralized structures, for example in intra-company transaction processing systems, or when parties need to retain full control of operations. That is why most (if not all) blockchain applications can be found in cross-organizational systems. Having said that, blockchains may also find applications within a business, especially for auditing purposes or when remote work centers are involved.

DJ: How did your academic career lead you blockchain technology?

Giaglis: I have been working on decentralized electronic markets since the mid-1990s. I first came across Bitcoin in 2011 and immediately realized the transformational potential of its underlying technology to dis-intermediate the Internet and democratize value exchange. Regrettably, I did not appreciate at that time how much the price of Bitcoin would rise, driven by such realization from other people.

DJ: What are the key parts of the Massive open online course on crypto-currencies?

Giaglis: The University of Nicosia has been offering the world’s first MOOC called “Introduction to Digital Currencies” continuously since 2014. It is offered three times a year and has been followed by more than 15,000 students from 85 different countries since then. It is being taught by crypto-currency experts Andreas Antonopoulos and Antonis Polemitis, and I would dare claim that it has educated more people on crypto-currencies than any other course that exists today.

DJ: Who is the course aimed at?

Giaglis: The course is aimed at anyone wanting to learn systematically about crypto-currencies and blockchain and does not require any prior knowledge in the area.

DJ: What led you to get involved with SportCo?

Giaglis: I get approached by many ICOs to advise them, but I usually decline, as most projects do not fulfill the main criteria I see as essential for a successful blockchain-based venture: a genuine need for a blockchain, a real utility token and a dedicated and knowledgeable executive team, with a proven track record. SportCo certainly meets these criteria and, on top, is also based on a community-driven model of sports enthusiasts that contribute their time and knowledge and are rewarded fairly for this. I see this model as the future of most blockchain projects that will stand the test of time.

DJ: What is the aim of SportCo?

Giaglis: Sportco wants to bring sports fans at the center of the sports economy by rewarding them for their passion and contributions. It aims to achieve this by creating a new decentralized sports eco-system which is driven by community engagement and contribution and where sports fans are rewarded with the eponymous blockchain-based token.

Source: http://www.digitaljournal.com/

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Cryptocurrencies is not Illegal in India

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Finance Minister Arun Jaitley has made some comments on the fact that cryptocurrencies are completly legal in India and that the government will move to make use of the star technology, Blockchain.

“…The Government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system. The Government will explore use of Blockchain technology proactively for ushering in digital economy.”

In an interview with Yourstory.com, Khurana clarified some of the doubts related to the issue with cryptos in India.

Interview with Yourstory: India

YourStory: What do you think about the FM’s mention on cryptocurrency in the Budget?  

Ajeet Khurana: We are extremely happy that something like cryptocurrency found mention in the Budget. It only goes on to say that the impact it has is so widespread, and there is an understanding that it exists in a strong way.

However, on the take of it not being a legal tender, we completely agree with the government on its  position.

We understand the concern around the illicit use of cryptocurrency and have maintained this position. Cryptocurrency enterprises have been maintaining complete transparency through KYC and other procedures to reduce the illicit use of these assets.

YS: The FM stated that cryptocurrency is not a part of the ‘payment system’. What is your view on this?

AK: The payments system includes a lot of things like the settlement mechanism, and the banking system. In recent times, digital wallets and other payment mechanisms have been added to the entire scenario.

What the Finance Minister might be saying is that cryptocurrency is not considered to be a part of these payment systems. Similarly, gold is not part of a payment system, but people still barter assets like gold for goods, as long as both parties record the transaction. It is an asset barter transaction.

There is a little subjectivity on the matter. Can an individual swap cryptocurrency for another cryptocurrency?

We have to wait for clarification on what the Finance Minister meant when he mentioned payment system.

YS: What should the end-investor in cryptocurrency take from this announcement?

AK:  There has been no indication by the government that it is banning exchanges. Neither does it stop people from holding a cryptocurrency. It is just saying that the government doesn’t recognise cryptocurrency as money, which no country in the world does except Japan.

YS: We see a powerplay when it comes to banks pulling out from crypto exchanges in the country. Isn’t this hinting at something? 

AK: We have had this discussion, and what we are sure of is that banks who have taken the action of not providing accounts or services to these exchanges have done it on their own will.  They haven’t been instructed by the RBI to do so, and the Central Bank hasn’t issued any circular in this regard.

Source: https://yourstory.com/

 

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Canada’s First Blockchain ETF

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Harvest Portfolios has just received a green light to issue Canada’s first ever Blockchain-based Exchange Traded Fund (ETF), according to reports in a press release in February.

Canada’s First ETF

Canada's

The fund will begin trading on the Toronto Stock Exchange at the beginning of next week.

First Trust’s ETF manager Karl Cheong stated that “every conversation with clients inevitably” will lead to questions rabout Bitcoin and Blockchain tech investments.

However, following the news from Canada’s new ETF, regulators at the US believe that funds such as that one are not yet ready for regulations under US laws.

On the other hand the director of the SEC, Dalia Blass said that there are “significant outstanding questions concerning how funds holding substantial amounts of cryptocurrencies and related products” would fit with legal requirements in the US.

Still, it seems like Canada has earned the right to celebrate its first Blockchain based Exchange Traded Fund.

 

 

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Founder of Cardstack Chris Tse Talks

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Chris Tse, the Founder and Head of Product at Cardstack spoke to the TechBullion about his projects including his leadership of a team of blockchain architects that work together to make the experience layer of the decentralized Internet.

In this recent interview, Mr Tse will be sharing some of the future plans for the Cardstack blockchain project and the CARD token sale tha was just announced.

Cardstack

TB: Could you please tell us a bit about yourself?

Chris :I’m a lifelong technologist and designer, working on user-facing applications, analytic data systems, and open source software for nearly two decades: from hacking the Mozilla browser in the early days to designing dApps on Ethereum today. I’ve spent more than half of my career leading R&D and innovation teams for Fortune 500 companies, before more recently drawing upon my passion for open systems and protocols to start the Cardstack project. I’ve also co-founded two other blockchain startups, Dot Blockchain Media and Monegraph, which are pioneering real-world use cases for this new technology.

TB: What is Cardstack ?

Chris :Cardstack began in 2014 as an answer to a few questions: how can we create a user experience that will give people more power over their digital lives? How can we create a sustainable economic model for open source software? How can we use the power of the emerging decentralized Internet to make it all possible?

Users will get to know Cardstack through our Hub: an intuitive card-based user interface that lets users orchestrate their digital lives, whether it takes place on the cloud, on the blockchain, or on their own machine. From one place, users will be able to manage all of their software, and visualize all the information coming in and out. We open-source it, so that the system is not under any one part’s control.

For developers, Cardstack is an open-source SDK that allows for the creation of composable, extensible apps, backed by our off-chain consensus protocol and a deep library of powerful drop-in functionality. The key is that Cardstack allows makers to get paid according to the real usage of their work, calculated by our transparent, community-run payment and governance algorithm.

More than that, Cardstack is a new direction in how we think about the relationship of people to software and people to the Internet. It’s an economically viable, open-source vision of what decentralization looks like.

TB: What inspired you to launch a Blockchain and Cryptocurrency venture with Cardstack ?

Chris :We see an opportunity right now to challenge the way today’s monopolistic digital superpowers put users into silos, mine their data, and extract the value they create. Cardstack’s goal is to reorient the Internet around users. Blockchain and cryptocurrency are innovations that have laid a very strong foundation for that goal; we’re improving the technology and upgrading the experience to make it usable and sustainable for the mass market.

TB: What makes the Cardstack cryptocurrency unique?

Chris :The Cardstack Token (CARD) is an ERC20 token designed to give users one simple way to manage all their digital needs, while fairly paying developers and creators for doing good work. We back it up with a new consensus protocol called Tally, which harnesses currently existing GPU mining power to perform the complex calculations needed to scale up dApps while keeping everything secure. Built into this is a function to reward miners with a share of the ecosystem they’re helping to power, which makes everything economically sustainable.

TB: How much do you intend to raise in the CARD Token Sale and what are the steps for contributing?

Chris :We just announced our Token Generation Event details here: ​http://cardstack.com/tge

Source: https://www.techbullion.com/

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