Author: TheBlockchainExaminer.com

dia-leverages-ibm-cloud-and-confidential-computing-to-help-secure-its-decentralized-financial-information-platform

DIA Leverages IBM Cloud and Confidential Computing to Help Secure its Decentralized Financial Information Platform

January 26, 2021 Published by

 

IBM (NYSE: IBM) and DIA announced today that DIA migrated its platform to IBM Cloud and is leveraging IBM Cloud Hyper Protect Services to manage how financial data is sourced, stored, processed and published. IBM Cloud Hyper Protect Services is a hybrid cloud offering designed to deliver sophisticated encryption capabilities to help secure highly sensitive data, which is especially important in the age of hybrid cloud. The migration of DIA’s platform to a cloud environment backed by IBM Cloud confidential computing capabilities is designed to protect data and applications from potential malicious inside and external attacks.

DIA is located in Crypto Valley in Zug, Switzerland and is an open-source financial information platform that incentivizes the sourcing and validation of data and provides the data via traditional APIs as well as oracles. Oracles are the third-party trust mechanisms that allow smart contracts to receive data from sources outside of the blockchain.

Data security is key for success of the fast-growing decentralized finance space
DeFi is an emerging area of digital finance that leverages blockchain-based smart contracts to execute and validate transactions, rather than relying on centralized financial institutions. As the industry grows, transparent data sources and oracles become critical to its reliability and success. Data sources that can be compromised and provide little transparency can lead malicious actors to manipulate attacks on DeFi platforms. To help mitigate this risk, DIA is leveraging the IBM Cloud – the industry’s most secure and open public cloud for business.

IBM Cloud Hyper Protect Services help enable protection and privacy of data infrastructure
Using IBM Cloud Hyper Protect Services, DIA can help provide technical assurance to its clients and users that their workloads are secured by protecting backend infrastructure against attacks on hardware, servers, applications and data layers. By taking advantage of ‘Keep Your Own Key’ (KYOK)1 and confidential computing capabilities delivered via hybrid cloud capabilities from IBM, DIA can protect data with complete authority for their data and workloads.

IBM Cloud Hyper Protect Services provide confidential computing capabilities designed to enable data integrity and confidentiality for current and future workloads within hybrid cloud environments by employing isolation and encryption in security-rich enclaves to run cloud software.

This concept allows the platform’s users to retain sole access to their crypto keys – meaning not even IBM can access them – and helps mitigate the risk of malicious actors viewing or modifying the confidential data. Built on IBM LinuxONE, by using IBM Cloud Hyper Protect Services, DIA has access to the highest level of security offered commercially by any cloud provider in the industry for cryptographic modules.2

“IBM Cloud Hyper Protect Services, confidential computing capabilities and IBM LinuxONE enable us to help implement a high security standard in the oracle landscape,” says Samuel Brack Co-Founder and CTO at DIA. “Being able to assure that no third party can view or manipulate our off-chain computing operations effectively protects DIA and its users from potential malicious inside and outside attacks.”

“As reliance on data grows, especially in the era of hybrid cloud, the need for cutting-edge security to protect digital assets becomes even more critical,” said Hillery Hunter, IBM Fellow, VP & CTO, IBM Cloud. “On its mission to source and validate financial data, DIA’s move toward a confidential computing environment bolsters security for all existing participants within its ecosystem. Now, DIA can work with clients in highly regulated industries and address their higher demand for confidentiality as they access their open source financial information platform.”

DIA continues to explore opportunities to increase security, scalability and compliance of data delivery for both institutional and DeFi actors to help grow the ecosystem and to further increase trust in the still nascent DeFi industry.

rice-based-stable-coin-is-being-launched-in-indonesia

Rice-based stable coin is being launched in Indonesia

January 26, 2021 Published by

 

Penjaga Lilin Nusantara, an Indonesian Cooperative in Malang- East Java is setting up Ricetron.com a Tron based DeFi (decentralized finance) to tokenized rice based stable coin. Ricetron aims to invite crypto enthusiasts to stake Tron and mint RET (Rice Economy Token), a governance token that will fund RIC (Rice Inventory Coin) stable coin.

RET token holder will benefit from 30% of all transaction fee and profit sharing of RIC DeFi, where once the DeFi platform running will be distributed back as Protégé Dividend to RET token holder wallets.

Total supply is 269,000 RET with only 190,000 RET minted through staking. It is TRC-20 token, using a TRX blockchain where the speed and the fee of transaction are much better compared to ERC based token.

Indonesia uses BULOG (state owned logistic agency) to stabilize staple price, which mostly focuses on rice. Due to lack of data reading skills, BULOG wastes 30,000 ton decayed rice every year, that amounts to almost 30 Million USD/year of Indonesian government budget.

https://www.youtube.com/watch?v=uM0hoA90T1A&t=6s

“The whole idea came from our meeting with a cooperative chairman named Mr. Steven Henry Raharjo. His cooperative has a rice savings program where with this program, he is able to make price stability for its members. Besides that, rice savers can also get additional rice at the end of the year as well as give zakat and sadaqah (donations) to those around them who need it without having to spend any more money,” says Mr. Victorinus Widyanto, COO of Ricetron.

Thus, the cooperative came up with idea to tokenized premium grade Rice and also taking advantage of the recent cryptocurrency bull run. By creating rice based stable coin, it gives people more access to rice especially BULOG rice. In addition, RIC can also be converted to DeFi savings and collateral, and it guarantees RIC holders to fresh rice at the time of exchange, since it is backed by BULOG’s purchase order (voucher) with no time expiration. 1 RIC cryptocurrency equals to 1Kg of premium grade rice, with more Rice-based stable coins will be launched in the future with different grade.

This project also benefits BULOG in creating consumers-based data, optimizing the agency rice procurement and the most important thing reducing annual government budget loss.

“Meanwhile RET will also be used as an anchor token for cooperative future projects. So people can participate to fund future projects by staking RET,” says Eka Suwandana, CTO of Ricetron.

Ricetron started the staking program on 15th of January 2021, it is divided in 7 rounds. They also now offering Youtube Staking Contest, where 67.6 RET in total will be given as Prize. Checkout their telegram: https://t.me/ricetron, channel for more information.

SOURCE Cooperative Penjaga Lilin Nusantara

propertiq’s-pvo:-property-value-offering-launches-across-mena

Propertiq’s PVO: Property Value Offering Launches Across MENA

January 25, 2021 Published by

 

As a first-of-its-kind in the blockchain world, the team at Propertiq heads full force into the MENA region. The founding team is comprised of various industry-experts who recognise how progressive the public & private sectors are in locations like United Arab Emirates, Qatar, Saudi Arabia, Kuwait, Oman, and Iraq. Propertiq’s business model is called PVO: Property Value Offering, which is an out-of-box form of financing commercial real-estate projects that optimise returns to investors.

“We’ve built an eco-system that has combined some of the most reliable yet rewarding sectors in the market today despite the pandemic — commercial real-estate, blockchain, and affiliate marketing; all coming together to form something unique which is why we’ve taken the liberty to deem Propertiq’s business model, the world’s first PVO: Property Value Offering,” said Mr. Othman Mohammad Saleh, CEO of Propertiq.

Unlike Security Token Offerings (STOs) or REITs that focus primarily on fractional ownership, Propertiq tokenises the commercial value of a property’s benefits across sectors like Hospitality, F&B, & Offices. The platform is an autonomous, transparent facilitator for anybody who’s dreamt of investing into real-estate opportunities that ordinarily wouldn’t be within reach due to financial & geographical limitations.

Despite the pronounced effect that COVID-19 has had on global markets in 2020, the team at Propertiq believes that the pandemic has accelerated the mindset of beneficiary growth versus ownership in the minds of investors today. Through proprietary tokenomics & intricate smart-contracts, Propertiq’s investors are free to invest any amount, at whichever ratio, no matter how big or small in order to gain as beneficiaries, not owners from not just one commercial property’s gain, but several.

“We believe that most of today’s generations (Gen Y & Z) aren’t excited by the idea of “owning” something in the traditional sense any more. The world has become such an unpredictable yet connected place that people value freedom to be mobile as opposed to being tied down to an investment or a place nowadays. People would rather put in a thousand dollars into a hundred projects as opposed to putting a hundred thousand into just one now” added Ms. Kinda Jordi, VP Strategy (MENA).

With global ambitions, Propertiq’s core model is all about working hand in hand with various franchisees & operators in different parts of the world so that more can benefit from the potential of PVOs.

Propertiq’s MENA presence is spearheaded from Dubai in strategic partnership with the office of His Highness Sheikh Hamdan Bin Ahmad Al Maktoum – Investment. The Co-founders of Propertiq are strong advocates of community, which is why they built the PVO business model, so that it may further democratise the property investors of tomorrow in the most accessible and transparent manner possible. While Propertiq’s baseline offerings revolve around the PVO, the team has already modelled out an entire roadmap that will progressively evolve the brand into a full-fledge, autonomous ecosystem that allows more than just crypto-investment yield.

“We’re also going to be launching our own DeFi protocol here at Propertiq by mid February 2021. Short for Decentralised Finance; we want the world to see how Propertiq DeFi can augment the trust factor within the property sectors globally by taking it one step further beyond conventional distributed ledger technology (DLT). We are going to be emphasising on real-world use cases, assets, & applications like rental, lending, and escrow mechanisms very soon too,” said Irfan Nadaffi, VP Operations (MENA).

ecrent-global-sharing/rental-platform-offers-special-deal-for-users

ECrent Global Sharing/Rental Platform Offers Special Deal for Users

January 25, 2021 Published by

 

Sharing Economy International Inc. (“SEII”) (OTCQB: SEII) announced today that its ECrent sharing platforms, a peer-to-peer sharing rental online marketplace worldwide that is ready to use in over 40 major regions worldwide, will charge its users a service fee of USD1 per 6 months for each rental item uploaded to the platform from 1st January 2021.

Global warming, various natural disasters and the Covid-19 epidemic has impacted the global economy, business activities, and daily lives of individuals. People’s attention to environmental protection and changes in consumption patterns drive the market demand in environmentally friendly consumption industries that allow individuals and groups to make money from underused assets.

With over 3.8 billion Internet users worldwide creating a huge development potential for ECrent, SEII believes that the platform will continue to be the revenue driver of the company. Assuming that each person uploads one rental item on the Ecrent platform on average, the estimated income is US$3.8 billion. Assuming that each operating group has 1,200 people, 6 million operating communities can be divided. The potential franchising income is US$1.5 billion per year. There are 125 million small and medium-size enterprises worldwide, and the penetration rate of the micro website market is 1%, reaching US$313 million per annum.

In the foreseeable future, it is believed that the sharing economy and the traditional economy will coexist. The company firmly believe the two can complement each other and create a win-win situation. SEII is eager to cooperate with the leading enterprises of the traditional economy, aiming at changing the global consumption pattern to achieve waste reduction at the source, in the hope of contributing to global environmental protection and sustainable development.

voyager-digital-announces-listing-of-the-terra-(luna)-token

Voyager Digital Announces Listing of the Terra (LUNA) Token

January 19, 2021 Published by

Voyager Digital Ltd. (“Voyager” or the “Company”) (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a publicly-traded, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced the listing of the Terra (LUNA) Token on the Voyager platform, expanding Voyager’s industry-leading offering to 57 digital assets.

“By adding the LUNA Token to the Voyager platform, our U.S. customers will now have one of the first direct fiat-to-crypto on-ramps available on mobile devices,” said Steve Ehrlich, Co-founder and CEO of Voyager. “Our commission-free agency broker platform is quickly becoming the most trusted and transparent vehicle for investors to buy, trade and hold digital assets. We will continue to enhance our customer-centric platform with additional offerings including debit and credit cards, margin and the listing of other digital assets.”

Terra LUNA is a next-generation smart contract platform and programmable money for the internet. Terra’s platform supports stablecoins that offer instant settlements, low fees and seamless cross-border exchange, and are loved by millions of users and merchants.

“Both Terra and Voyager are making crypto and blockchain more accessible for mainstream adoption,” added Terra Co-Founder and CEO, Do Kwon. “Terra’s focus on merchant and payment adoption will be pushing the future forward on blockchain-powered digital payments. We’re excited to be partnered with Voyager, availing the power of LUNA to the masses.”

sos-ltd.-enters-into-non-binding-letter-of-intent-to-acquire-a-cryptocurrency-technology-provider-based-in-canada

SOS Ltd. Enters into Non-Binding Letter of Intent to Acquire a Cryptocurrency Technology Provider based in Canada

January 19, 2021 Published by

SOS Limited (NYSE: SOS) (the “Company” or “SOS”) announced today it has entered into a non-binding letter of intent to acquire FXK Tech Corporation(“FXK”), a Canadian-based company, specializing in the blockchain technology consulting and operations and support for cryptocurrency exchanges and cloud crypto algorithmic power exchanges, to further extend SOS ecosystem of blockchain and cryptocurrencies, as well as to expand its operations to North America.

FXK is a licensed crypto technology provider in Canada. Its current services and products include the design, construction, operations and support of exchange platforms of cryptocurrencies and cloud crypto algorithmic power, and blockchain-based solutions.

SOS is an emerging blockchain-based and big data-driven marketing and service provider, with a nationwide membership base of approximately 20 million in China. Recently, SOS has outlined its strategy in blockchain and cryptocurrencies, which include a series of initiatives to expand its business into cryptocurrency mining as well as cryptocurrency security and insurance. The core infrastructure of SOS rescue, insurance marketing and service supply chain is built on big data, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc.

Pursuant to the Letter of Intent, SOS is expected to acquire 100% of the outstanding shares of FXK for a combination of Class A ordinary shares and cash. The Company’s planned acquisition of FXK is aimed to further expand and upgrade its ecosystem of cryptocurrencies and digital assets as well as to expand its business to North America. As the transaction proceeds, the Company will publicly disclose required information either through press releases or SEC filings, as appropriate.

Dr Huazhong Yan, Vice President of SOS Information Technology Co. Ltd, the Company’s operating subsidiary, commented, “with its leading-edge technologies in cryptocurrency exchanges, and crypto algorithmic power exchanges, acquisition of FXK will further expand our ecosystem of cryptocurrencies and cloud crypto mining and security and insurance.”

SOS Chairman Yandai Wang also commented, “FXK is a leader in cryptocurrency and crypto algorithmic power exchange technologies. If the acquisition is completed, our operations will be expanded to North America as well as expedite the executions of our strategy in cryptocurrencies and cloud crypto mining and security and insurance.”

Completion of the transaction is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive share exchange agreement, satisfaction of the conditions negotiated therein including the approval of the Company’s Board of Directors, approval by NYSE of the listing of shares issued in the transaction, and the satisfaction of other customary closing conditions. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. Further, readers are cautioned that those portions of the LOI that describe the proposed transaction, including the consideration to be issued therein, are non-binding.

laboratory-proficiency-testing-market-size-worth-$19-billion-by-2027:-grand-view-research,-inc.

Laboratory Proficiency Testing Market Size Worth $1.9 Billion By 2027: Grand View Research, Inc.

January 19, 2021 Published by

 

The global laboratory proficiency testing market size is expected to reach USD 1.9 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.3% from 2020 to 2027. The market is driven by the increasing focus on water tests, legalization of medical cannabis, a growing number of cannabis testing laboratories, and increasing outbreaks of foodborne illnesses.

Government initiatives to carry out accurate and reliable proficiency testing are expected to drive the market. For instance, in October 2020, the Central Testing Laboratory of the Abu Dhabi Quality & Conformity Council implemented a PT program in collaboration with Biogenix Lab to verify the competency of medical laboratories carrying out COVID-19 tests.

Key suggestions from the report:

  • The legalization of cannabis products in the U.S. in December 2018 and the gradual expansion of this market are propelling the need for the testing of safety and efficacy for medical use
  • The presence of food contaminants can cause more than 200 diseases, including diarrhea and cancer. Diarrhea affects nearly 550 million people and causes 230,000 deaths every year. Children aged below 5 years carry 40% of foodborne diseases, causing 125,000 deaths every year
  • In the U.K., over 130 million hematology tests are carried out each year
  • Calibration proficiency testing is another service being focused on, which is attributed to the growing scope of automation in laboratories
  • Organizations such as the American Proficiency Institute, LGC Ltd., and the College of American Pathologists developed several programs for laboratories to improve their quality and assess performance in testing COVID-19

Read 192 page research report with ToC on “Laboratory Proficiency Testing Market Size, Share & Trends Analysis Report By Industry Scope (Clinical Diagnostics, Pharmaceuticals), By Technology (Cell Culture, PCR), By End Use, By Region, And Segment Forecasts, 2020 – 2027” at: https://www.grandviewresearch.com/industry-analysis/laboratory-proficiency-testing-market

Initiatives undertaken by the governments to raise awareness are anticipated to further boost market growth. For instance, in November 2020, the National Accreditation Board for Testing and Calibration Laboratories’ (NABL-IGS) awareness program was conducted to raise awareness about the significance of accrediting geotechnical laboratories in Kerala, India.

The increasing adoption of fully-automated instruments and automation in laboratories is expected to boost market growth. The presence of accreditation programs aimed to combat challenges, such as safety and complexity in the food supply chain, is expected to boost market growth. For instance, in March 2020, AOAC INTERNATIONAL expanded its Laboratory PT Program by adding testing for infant formula and adult nutritional and pH to ensure safety in the food supply chain.

The presence of new environmental protection regulations due to COVID-19 is expected to boost market growth. For instance, in June 2020, the Environmental Diagnostics Laboratory (EDLab) at Pure Air Control Services was accredited by the A2LA for testing environmental SARS-CoV-2

The market is highly competitive as there are a large number of organizations providing various programs. Furthermore, the prices vary between the organizations based on programs and additional discounts. The companies are focusing on the use of automated instruments and new programs continue gaining profits in the market. These new programs, coupled with the growing demand for safety and efficacy of food products and diagnostics owing to the SARS-CoV-2 pandemic, are expected to intensify competition over the coming years.

Grand View Research has segmented the global laboratory proficiency testing market on the basis of industry scope, technology, end-use, and region:

  • Laboratory Proficiency Testing Industry Scope Outlook (Revenue, USD Million, 2016 – 2027)
    • Clinical Diagnostics
      • Clinical Chemistry
      • Immunochemistry
      • Hematology
      • Oncology
      • Molecular Diagnostics
        • PCR
        • Others
      • Coagulation
    • Pharmaceuticals
      • Biologics
        • Vaccines
        • Blood
        • Tissues
      • Others
    • Microbiology
      • Pathogen Testing
      • Sterility Testing
      • Endotoxin & Pyrogen Testing
      • Growth Promotion Testing
      • Other Microbial Testing
    • Others
  • Laboratory Proficiency Testing Technology Outlook (Revenue, USD Million, 2016 – 2027)
    • Cell Culture
    • Spectrometry
    • Polymerase Chain Reaction
    • Chromatography
    • Immunoassays
    • Others
  • Laboratory Proficiency Testing End-use Outlook (Revenue, USD Million, 2016 – 2027)
    • Hospitals
    • Contract Research Organizations
    • Pharmaceutical & Biotechnology Companies
    • Academic Research
    • Diagnostic Laboratories
      • Independent Laboratories
      • Specialty Laboratories
  • Laboratory Proficiency Testing Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Singapore
      • Malaysia
      • Vietnam
      • Thailand
      • Oceania
    • Latin America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • North Africa
      • UAE
      • Saudi Arabia
      • Qatar
      • Bahrain
  • List of Key Players of Laboratory Proficiency Testing Market
    • LGC Limited
    • American Proficiency Institute
    • College of American Pathologists
    • Bio-Rad Laboratories, Inc.
    • Randox Laboratories Ltd.
    • QACS – The Challenge Test Laboratory
    • Merck & Co., Inc.
    • Weqas
    • ERA
    • AOAC International
    • BIPEA
    • NSI Lab Solutions
    • Absolute Standards, Inc.
    • RCPA
    • UK NEQAS
    • INSTAND

Find more research reports on  Clinical Diagnostics Industry, by Grand View Research:

  • Molecular Diagnostics Market – The global molecular diagnostics market size was valued at USD 9.2 billion in 2019 and is anticipated to register a CAGR of 9.0% over the forecast period.
  • Immunoassay Market – The global immunoassay market size was estimated at USD 18.02 billion in 2018 and is expected to exhibit a CAGR of 5.0% during the forecast period.
  • Polymerase Chain Reaction Market – The global polymerase chain reaction market size was valued at USD 4.5 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 17.5% from 2020 to 2027.
payport-makes-strategic-move,-hires-miles-esfahani-and-philip-owen-as-ceo-and-cfo

Payport® makes strategic move, hires Miles Esfahani and Philip Owen as CEO and CFO

January 18, 2021 Published by

 

Payport® announced Monday that Miles Esfahani has taken over at the helm of the company on October 1st, 2020. Previously the CEO of a market leading 150M telecoms fund backed by leading European banks, Esfahani brings a wealth of experience to the company with great promise for 2021. His portfolio and contacts will allow Payport® to tackle its ambitious expansion plans and positions itself as the sole provider of realtime settlement solution in the telecoms industry.

From the moment of his hiring, Miles has immediately rebranded the company to Payport® and initiated the way for the launch of Payport®’s proprietary instant crypto/settlement platform including its very own proprietary Blockchain, converting Payport® into a world class company powered by a team of experts that is a force to be reckoned with.

“It is an honor to have been chosen to be Payport®’s new CEO,” Esfahani said. “My focus will now be dedicated to advancing Payport®’s expansion plan and to fiercely defend the interest of our shareholders in these unprecedented times. 2021 will be all about offering a seamless global settlement solution on a single platform which will work as a hub for the wholesale industry and that, has been needed for quite a while. We expect this to be an instant game changer for the industry.”

In order to fulfill its plan for 2021, Payport® will need an aggressive funding strategy for which Esfahani announced this Monday he had hired industry veteran and leading Fintech CFO, Philip Owen who was instrumental in the funding of Esfahani’s previous fund. With over 20 years’ experience in corporate finance and a proven track record, Owen opens European capital markets and brings the highest level of credibility to Payport®’s future funding rounds.

“I am very pleased to join Payport®, which has now signed an agreement with a key funding partner to enable us to realize our business goals. I am particularly looking forward to working with our funding partner to explore new financing initiatives. The new back office infrastructure that has been put in place over a short time is a testament to the leadership from Miles which has inspired myself and the rest of the team to start 2021 with a new vision for Payport®.”

Established in 2017, Payport®, Inc is a Colorado company with an annual revenue of $80M+. For more information, visit www.Payportinc.com or call (720) 634–3484.

SOURCE Payport, Inc

bvci-launched-the-first-commercial-bank-backed-canadian-digital-currency-–-cadt,-with-support-from-concentra-trust

BVCI Launched the first commercial bank backed Canadian Digital Currency – CADT, with Support from Concentra Trust

January 18, 2021 Published by

 

Blockchain Venture Capital Inc. (BVCI) is excited to announce the launch of CADT, a new digital currency in Canada, with the support of custodial services from Concentra Trust.

Leveraging BVCI’s proprietary blockchain technology, CADT is a stable currency anchored to the Canadian dollar. CADT is distinct from the cryptocurrency, stable currency and centralized micropayment options currently available, in that users can exchange and redeem CADT into Canadian dollars, and vice versa. CADT incorporates many of the advantages offered by traditional payment options, including currency stabilization, payment, clearing and settlement features.

Users can access this contactless payment platform through the BvcPay mobile App, available for Apple and Android. The App functions as a decentralized digital asset wallet, serves as a blockchain explorer, and supports the ability to exchange CADT into Canadian Dollars by linking to bank accounts. It can also facilitate interchange with other digital currencies.

BVCI has established partnership with a few consultants and industry leaders who will bring large clients in various sectors. BVCI also reached cooperation agreements with food delivery platforms, film, television production and media companies, in the process of negotiating with conventional POS processing companies, real estate developers, large retailers and shopping malls, trade unions, and charitable organizations.

“Concentra Trust is excited to support BVCI with our custodial expertise to bring CADT to market,” said Martha Moen, Head of Concentra Trust. “With the launch of a constant-value, safe, stable, traceable digital payment option, BVCI is enabling Canadians to transfer and transact with digital assets, whether they make small day-to-day purchases or larger transactions, such as paying for coffee or a real estate down payment.”

  • 100% Asset-Backed: Each CADT is backed by a Canadian dollar held in custody by Concentra Trust.
  • Transparency: All CADT issued and corresponding Canadian dollars are reconciled and published daily.
  • Secure and Trusted: BVCI is a financial services company incorporated in Ontario and supported by industry-leading advisors who have extensive digital asset brokerage experience.
  • Real-Time: Clients are able to use BvcPay App to submit digital transactions 24/7/365, with our technology of processing thousands of transactions per second.
  • Low fees: BvcPay offers 0 fee for wallet to wallet transactions, and much lower clearing fees than other payment systems.

“Likewise, a bank may use stable currencies to facilitate payment transactions for customers on an INVN, including by issuing a stable currency, and exchanging that stable currency for fiat currency. In this context, stable currencies function as a mechanism of payment, in the same way that debit cards, checks, and electronically stored value (ESV) systems convey payment instructions. Banks have long used cashiers’ checks, traveller’s’ checks, and other bearer instruments as a means of facilitating cashless payments.” said in Interpretive Letter 1174 from OCC Chief Counsel’s Interpretation on National Bank and Federal Savings Association Authority to Use Independent Node Verification Networks and stable currencys for Payment Activities on Jan 4th, 2021.

harry-pham,-chairman-of-ocb-life-group,-plans-to-own-a-regional-airline

Harry Pham, Chairman of OCB Life Group, plans to own a regional airline

January 18, 2021 Published by

 

OCB Life Group was a Gold Sponsor for the recent Singapore Fintech Festival 2020, organized by the Monetary Authority of Singapore from December 7th to December 11th.

Commenting on the company’s participation in the largest annual fintech festival in the world, Harry Pham, Chairman of OCB Life Group, praises Singapore Fintech Festival 2020 for its innovative hybrid digital and physical experience, and promises to renew partnership with the event again in 2021.

Harry recognizes the potential of Big Data, Blockchain, IoT and Artificial Intelligence. He has invested in a number of technology companies, including the Singapore-based OCB Life Group.

Harry is a successful entrepreneur, investor and philanthropist. Besides OCB Life Group, Harry also has other investments in construction, pharmaceuticals and technology solutions. He is currently in discussion with potential partners in China and Singapore to acquire or invest in companies in new business fields.

Harry believes in giving back to the society by helping the less fortunate and underprivileged. He has contributed generously to a charity-run organized by Operation Smile to help fund operations for children with cleft lips. He has also donated PPE and cash to help frontline caregivers fight the Covid-19 pandemic.

Harry’s business philosophy is very noble. He believes that success in business provides him with financial resources to give back to the society.

However, success did not come to him easily.

Harry was born to a family that had contributed to the country’s revolutionary movement. Being a ‘maverick’ since young, Harry left his hometown after high school to seek opportunities in a big city. Soon Harry found a job in a construction company. Being a fast-learner, he was soon promoted to management level, and was entrusted with responsibilities to oversee the company’s major construction projects. Despite drawing a high-salary at that time, Harry made a major decision to venture out to set up his own construction company.

That started his entrepreneurial journey.

But it was not all-smooth sailing for Harry. His newly set-up company faced business difficulties in a major project, and it eventually went bankrupt. But with his entrepreneurial spirit and never-say-die attitude, Harry quickly recovered from the setback, and ventured into a new field. He set up a pharmaceutical company. As his passion has always been in construction, Harry subsequently set up another construction company, which has since launched a number of subsidiaries.

Looking ahead, Harry expects 2021 to remain challenging for most businesses, especially in tourism, aviation, and real estate sectors. That said, Harry sees the “rainbow after the storm”, and is optimistic that businesses that leverage new technologies will do well. Harry also discloses his plan to acquire a regional airline as he expects tourism to rebound strongly post-covid.

SOURCE OCB Life PTE LTD

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