(WALL STRET JOURNAL) A startup aims to open the diamond market to investors through standardized coins containing a carefully selected sample of the precious stones.
Diamond Standard Co. is scheduled to sell its new coin through a $25 million offering on Sept. 28, the company said. The aim is to create the equivalent of a standard gold bar—a new benchmark for an industry that has struggled with the challenges of valuing esoteric stones in an opaque market.
New commodity products often struggle to attract a large number of investors. But if it is widely adopted, the coin would introduce a new way of trading diamonds and another source of demand for the stones, which have tumbled in price as jewelry consumption sags during the coronavirus pandemic. It could also enhance steps taken by industry participants to modernize in an era of clearer pricing and supply-chain traceability.
In June of 2019, Hedera announced its plan to build its Hedera Consensus Service (HCS) — the announcement included a webinar hosted by Hedera Co-Founder Dr. Leemon Baird, detailed blog posting, and a whitepaper authored in-part by IBM. Since then, Hedera has been hard at work building this new service to get it into the hands of application developers.
We’re excited to share that the Hedera Consensus Service is now available on the Hedera mainnet. It offers developers the ability to create verifiable timestamps and ordered events for any application. HCS utilizes the native speed, fairness, and security of hashgraph consensus, with the trust and governance of the Hedera public network.
NEW YORK, Jan. 07, 2020 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced its strategic investment in Securrency, Inc., a leading developer of institutional-grade blockchain-based financial and regulatory technology. Through this investment and its collaboration with Securrency, WisdomTree plans to pursue the integration of blockchain technology into the ETF ecosystem to bring the benefits of ETFs to a broader range of investors and improve the investor experience.
It is our pleasure to have our CEO, Sushil Prabhu, prominently featured in a new PaymentsSource discussing blockchain's journey to widespread mainstream adoption and prominent early adopters of the technology. Sushil shares his views on JPMorgan's new JPM Coin, how micropayments enabled by blockchain will help alter cryptocurrency's subpar reputation, and how current payment trends in younger consumers will shape the future adoption of blockchain as a widespread payments platform.
The problems associated with AI are different [than those facing blockchain]. AI needs data to operate, but getting good data can be problematic. For instance, hackers can alter the data a machine is trained on with a data poisoning attack. Collecting data from clients is also problematic, especially in light of data privacy laws such as Europe's GDPR. Finally, most of the data needed for effective AI is owned by large organizations, such as Google and Facebook.
"This limits innovation in AI and its broader use for social good, as these organizations only focus on commercial uses of AI," said Sushil Prabhu, CEO of OpenCrowd. "The barrier for smaller firms in AI is very high, as data is not available."
But Prabhu believes there is a solution: "Blockchain can solve the data availability issue in AI by democratizing data access and enabling incentive models for owners to share data."
"We're very excited and look forward to extending our relationship with the BuildCoin Foundation and joining their Advisory Board" said Sushil Prabhu, CEO, OpenCrowd. "OpenCrowd is an emerging leader in the blockchain ecosystem and is helping a number of premier companies in the space. While we are engaged in several initiatives focused on social impact, we are particularly excited about BuildCoin's approach to delivering tangible solutions to solve real world problems."
Originally Seen in PaymentsSource
Blockchain has failed to live up to its considerable hype, but the technology is evolving, and the payments and fintech industries need to evolve with it.
Over the next 12 months, there will be a substantial increase in the blockchain transaction speed, as well as a reduction in transaction cost.
This will inspire the development of real-life end-user applications aimed for daily use. Transaction speed, cost and scale have all been major hurdles in both enterprise and general mass scale adoption of blockchain-based technology. The tech community has been working on several platforms, including Hedera Hashgraph and EOS, to solve these issues, with very promising outcomes.
It is our pleasure to have multiple insights from our CEO, Sushil Prabhu, featured in DecentraNet's Blockchain Market Report. The Report utilizes insight from industry leaders to establish the 8 most important issues facing the blockchain industry going into 2019. The report has a wealth of information for anyone interested in the current state of blockchain and how it will change and grow in the coming year.
This historic advance, a market first, will allow Securrency's regulatory compliance engine to support the tokenization and trading of securities across distributed ledger technologies. We are proud to be a part of this milestone achievement, and we look forward to continue working with Securrency to build the future security and compliance standard for the financial services industry.
The BuildCoin Foundation and OpenCrowd, a design and technology services firm focused on the development of blockchain solutions, announced today an investment and technology partnership to jointly develop the BuildCoin Foundation's new blockchain ecosystem for public infrastructure projects. The BuildCoin Foundation is a nonprofit organization that will govern the public blockchain ecosystem. Our mission is to bring transparency and efficiency to the 3 trillion dollar global infrastructure market. The BuildCoin Foundation believes that every human being deserves access to affordable and reliable infrastructure to reach their highest potential
OpenCrowd and Swirlds, the Hashgraph Company, Partner to Enable Development of Next Generation Decentralized Applications
Swirlds, the Hashgraph company, and OpenCrowd, a design and technology services firm focused on distributed ledger and machine learning applications, announced today a technology partnership to develop new decentralized applications. As the distributed ledger market rapidly evolves, the companies recognize the need to invest in next-generation distributed ledger applications that will deliver better performance, security, trust, and scale.
The Text Analysis Engine is an add-on capability to the DragonGlass base platform. The Engine automatically derives meaningful context from the text within your documents and SaaS applications. The Engine extracts client names, office locations, product names and other key elements from documents. The Engine also derives customer sentiments from the text collected from feedback and other text data from SaaS platforms such as ServiceNow, SalesForce, ZenDesk and more.
The Text Analysis Engine is a specialized enrichment layer in the DragonGlass data pipeline that extracts context from text and applies transformation rules based on client needs. This layer applies real-time natural language processing logic to text extracted from documents and enriches the indexed document with named entities, sentiment, key terms etc.
DragonGlass Vision Brochure
A new DragonGlass brochure has been released, detailing key features, including:
Auto-generated metrics across SaaS
Seamless search across different sources
Create your own analytics and dashboard
Blending new data
Machine generated insight assistance
Building Search Enabled Applications
This presentation was delivered by Sushil Prabhu, CEO and Steven Coursen, Director of Engineering at the CloudExpo NYC. It covers what Search Based Applications are, how you can benefit by using them, and how one can be built as well as reviewing a sample application - Open Health Care Payments built using DragonGlass.
Provides all the capabilities to build powerful search enabled applications.
Learn about DragonGlass's ability to transform your enterprise applications by leveraging the power of search
OpenCrowd's perspective on Cloud Innovation at 2014 Cloud Expo in NYC
OpenCrowd's perspective on Cloud Innovation highlighting how we build smarter, context aware, collaboration centric and search enabled applications.
CodeFutures, a provider of agile Big Data technologies, today announced AgilData, a new Big Data platform designed to remove the complexity and limitations of current data management approaches.
Software applications that use a search engine platform as the core infrastructure for information access and reporting.
Aggregate, normalize and classify unstructured, semi-structured, and structured content across multiple repositories.
Employ natural language technologies to access the aggregated information.
Case study highlights how to increase user productivity, reduce IT expenses, reduce query responses from minutes to sub-second and more.
Brochure discusses OpenCrowd's SmartSearch Services, fast indexing technologies, faster insights discovery, performing complex searches and improving user experience.
Red Hat Launches OpenShift Partner Program.
OpenCrowd's Collaboration AppBuilder (CAB) product will enable custom collaboration-centric applications to be rapidly developed and launched onto Red Hat's new OpenShift platform as a service (PaaS) offering which will be a ready made enterprise class environment for custom client solutions.
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