BlockV Blockchain crypto interface moment

Is BlockV (VEE) the ‘App Store’ moment for Blockchain ?

Please Read Important Disclaimer 

BlockV – What is it?

BlockV is a digital goods blockchain platform built on top of Bitcoin, Ethereum and other blockchains to enable scarce interactive digital goods and objects that can be valuable, tradeable, programmable and even collectable.

Use Case

Examples of use some cases for scarce digital objects are unique trading sports cards (e.g. baseball cards), individualised corporate vouchers (coffee or food coupons enabling discounts or free items) and even interactive, personalised messages from celebrities, to name but a few.

Value

With every type of media on the internet being copyable, BlockV enables a new type of digital good or item the can have value due to it being truly unique or scarce. This is what the BlockV team are describing as the Blockchain’s ‘Interface moment’.

App Store ‘Interface Moment’

An equivalent interface moment seen with recent technology adoption was the advent of the iOS App Store, which enabled developers to create a new type of more personalised and functional software on mobile connected devices. Another interface moment was the introduction of the internet browser in the 90s which took the internet from a black and white command line interface to an image rich more interactive experience. Despite all of the blockchain innovation and speculation to date, there really hasn’t been a widely adopted real life example of blockchain technology in use today. Enter BlockV’s vAtoms.

vAtoms 

vAtoms are essentially the virtual atoms and building blocks of the digital goods that BlockV enables. Think a visual Coca-Cola coupon in a mobile app or unique interactive and functional 3d digital object of Rick and Morty that can enable a free Mcdonalds Burger or fries.

Blockchain goes Mainstream

Could this really be the catalyst for blockchain to go mainstream? It is possible as the BlockV platform has been in development for the last two years and has a live working product and App currently downloadable in the iOS and Google Play stores. But how will it achieve this? It is quite an undertaking so the key lies with enticing developers and lots of them.

Developers

BlockV needs to create a vibrant development environment with strong economic incentivisation where experienced blockchain developers and those within large organisations are encouraged to develop on top of BlockV s platform to create these digital items. This incentivisation can be achieved through the VEE tokens.

Block VEE Token ERC20

VEE Token

The utility VEE Token is the mechanism by which rewards and collaboration can occur within the BlockV ecosystem. All BlockV operations will be powered by VEE, which enables developers and creators to be incentivised and experiment with the use of the technology. Economic incentivisation is the building block of Bitcoin and public blockchains so if Block V succeeds it could truly become the catalyst for the revolutionary leap in blockchain adoption every speculator is waiting for. The VEE token was recently available during the BlockV Token Generation Event, sometimes also referred to as an ICO.

Token Generation Event

The BlockV Token Generation Event raised the equivalent of approximately 22m USD in ethereum contributions, which was considerably under the hard cap target of 40m USD. In comparison to some other more recent ICOs, this ~22m USD initial market capilisation could be seen as low, especially considering the potential of the BlockV development platform and the team behind it.

Team

The BlockV management and development team includes some of the most experienced and well connected individuals in the crypto space. The team has the rare blend of having been around at the dawn of bitcoin development and having launched numerous successful projects. Their advisors consist of some of the most influential in crypto and the public blockchain sphere. This leaves them in a perfect place to outpace the competition.

BlockV Team

Competition

There is plenty of competition in the digital goods realm of crypto currency but no other projects are as seemingly far along in their development roadmap as BlockV. This combined with the team’s strong network of personal connections should ensure BlockV can become an enormous success in this massive opportunity.

Opportunity

Indeed, there is a big opportunity for BlockV to have first mover advantage in becoming the dominant platform for the inevitable adoption of this new digital asset class enabled by blockchain technology. After all, the technology underpinning Bitcoin enables scarce unique bytes of data that are not copyable so applying this trait to digital items will provide them with value. This has such a wide array of applications but initially the focus for BlockV appears to be the digital advertising and promotions market.

Corporate marketing

With one senior BlockV team member having worked a career at Coca-Cola, Groupon and other marketing agency expertise on board there seems to be a likelihood that BlockV could be one of the first crypto companies to trial a promotional coupon campaign from a large traditional corporate company using VEE. With massive digital advertising budgets and the ongoing concern of paying for fake clicks through Facebook, Google etc it seems apparent something could be under discussion. Corporate deals such as these are hard to get completed but there would be little risk in a large corpoarte potentially trying out the platform. This would only give BlockV more exposure and branding in some of their own promotional material.

BlockV (VEE)

BlockV has a standout product and team that is already live and developed so the funds raised during the Token Generation Event can only assist the team in creating even more intuitive development tools for others to help build out the platform more quickly. This is for sure a project to watch that could even become ubiquitous in our lives without the need for the users to ever really understand that crypto and blockchain underpins it all. If the BlockV team outpaces the competition and successfully encourages developers to create real world value that enriches peoples lives then there could be no stopping mass adoption of BlockVs platform for the use cases it serves.

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5 apps that are running on Ethereum that you may not know… yet!

5 apps that are running on Ethereum that you may not know… yet!

Here we present a list of apps developed on Ethereum that you need to check out!

1. Trek Miles : This Android app helps you to raise money while doing physical activities, as walking, running, etc., creating tokens based in your effort. These tokens that can be bought by others and donated to charity!

2. Pray4Prey: Game where you buy a fish and “pray” to it survives a shark attack. Each attack that your fish survives, it earns a percentage of the money from the dead fishes. Running on a smart contract.

3. Ethlance: Job market (similar to Upwork), where Freelancers and Employers interact without a central organization (that means no fees). All payments are made in ether, and all data is stored in Ethereum blockchain.

4. Plutus: An app that allow its users to spend ETH and BTC at any NFC-enabled merchant. It has a peer-to-peer exchange running on Ethereum network, used to fund the virtual balance in the payment app.

5. Gnosis : A mix of prediction market and game apps, this project is now in pre crowdfunding phase (token sale starts at 04/24). It has some heavyweight names supporting it, as Vitalik Buterin and Joe Lubin (two of Ethereum creators).

Eth v Eth Classic Round 3

ETC v ETH round 3: Trading

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Ethereum Gambling

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What is BitSquare ?

    

What is Bitsquare ? 

Bitsquare is a peer to peer Decentralized Bitcoin and crypto currency or Alt Coin Exchange that doesn’t rely on a central third party to be the custodian of your coins. 
This means that , in theory , it is resistant to the types of hacks that have happened to countless Bitcoin exchanges such as Mt Gox, Cryptsy and now Bitfinex. 

Automation

It works by attempting to automate, using code, the role that the exchange plays in holding coins in a wallet on your behalf. This custodial role that regular Bitcoin Exchanges play is prone to hack and attack in several ways , hence the need for a more secure way to do this. 

Security
 
It deploys a multi signature method of making storage and transactions of coins on a peer to peer basis between traders and investors more secure. More technical details on how this works can be found on their website Bitsquare.io 
They also try to automate a dispute mechanism when trades don’t always go to plan and this involves various ways to Arbitrate and settle disputes when they arise. 

Anonymity
 
Bitsquare also uses the TOR browser system to try and make trades in the exchange more anonymous so privacy is further protected if desired.

Open Source

This is truly groundbreaking technology as just like Bitcoin is trying to automate banking payment functions bitsquare is essentially doing the same for a complete stock exhange. Therefore you have the majority of the functionality of a stock exchange with very little staff required and very low fees. With the project being open source anyone can look at the code and replicate or improve this and it will be virtually impossible to stop. 

Development

Bitsquare is still very early on its development and new releases and patches are currently frequent so more testing and upgrades need to be done. It is also fairly illiquid currently so not too many people are currently actively trading and making it difficult to find a market and prices in some cases. 
However this is likely to change with the increase in hacks at Bitcoin Exchanges where millions of dollars is held under custody on behalf of investors and traders. 

So what next? 

Volumes in Bitsquare are likely to increase and development will accelerate and once again the Bitcoin community and Crypto currency revolution grows stronger to attacks and will be better for it. This is truly amazing technology and the obvious next step in the crypto movement. It seems with each attack the development of countermeasures to avoid this accelerate. 

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Who is Satoshi Nakamoto?