Thursday, December 13, 2018

RENTO: TAKING THE SHARING ECONOMY TO P2P

RENTO: TAKING THE SHARING ECONOMY TO P2P



Rento aims to develop a sharing ecosystem that dramatically increases the reach of the sharing economy beyond the existing industries, such as transportation or hospitality. Rento plans to develop a platform that makes the sharing of everyday products and services easier, as well as implementing sharing across different industries. Additionally, Rento utilizes blockchain technology to secure international transactions and smart contracts to facilitate security deposits.

The key components of Rento’s ecosystem are:

● Rento App
● Rento Blockchain
● Rento Model Store

Rento App



The Rento App aims to expand the sharing economy beyond the transportation, real estate, and hospitality industries. It allows users to rent everyday items such as real estate, office space, hardware tools, electrical equipment, construction equipment, cameras, and everything that one may require or want to rent on the Platform.

Features for platform users:

●Listing page: The listing page lists all the available services and products for renting on the Platform. It supports multiple categories, search filters, and geo-filters to show relevant results.
●Search engine:The Rento App comes with a built-in search functionality that allows users to search products using multiple filters and sorting capabilities.
● Renting calendar: Every product and service listed on the Rento App reflects its availability through a renting calendar. Users can access a product depending on its listed openings. Rento plans to introduce a “Book -in-advance” feature after the launch.
●Feedback: Rento has a built-in feedback system that allows users to rate the product or services depending on their experience. The Rento App utilizes blockchain technology to limit feedback manipulation practices on its Platform.

Features for listing owners:

Active listings: The listing owners can find all of their active listings in a single location. Additionally, they can view the renting schedule of any item or service on the active listing page itself.

Listing/Advertisement package details:The listing owners can access listing package details or advertisement subscriptions on the dashboard. Every business/service provider will receive a complimentary listing point package after completing the registration. Rento plans to introduce premium advertising and listing positions after 2020.

Customer insights: Rento plans to introduce a customer insights feature for listing owners, allowing them to understand customer behavior, renting preferences, and other relevant parameters to grow their business.

Following are sample screenshots from the Rento App. 



Rento Blockchain



Rento is creating a proprietary blockchain with specific features that are essential for the sharing economy. The chain for Rento will be used specifically for the sharing economy. Because it is an independent blockchain, Rento is able to develop the chain specifically for the implementation of this business model, ensuring that it is the best database customized specifically for the needs of the Rento ecosystem.

Custom smart contract facility: The Rento Platform requires specific smart contract customizations that are not available in the present blockchain platforms. Additionally, the Rento Platform needs the flexibility to develop new functionalities to address any operational/technical challenges in the future.

Handle dispute resolution: Rento requires complete control over its blockchain to handle disputes, which is not possible when using third-party blockchains. Having its own blockchain will allow Rento to address disputes in accordance with local regulations.

The Rento ecosystem features a Proof of Authority (PoA) blockchain to be used for transactions inside the Rento App, particularly for payments, security deposits, and transaction history, thereby ensuring full transparency.

Key Functionalities of Rento Blockchain

Creation of renting agreements: Platform users can use the Rento Blockchain to create renting agreements through smart contracts.

Manage security deposits: The Rento Blockchain will manage security deposits between the owner and client. The client will confirm the return of the object, and the owner will confirm that the object is not damaged in any way and that the owner has received payment. Once both confirmations are received, the security deposit will be transferred back to the client.

Payment protection/blocking: The Rento Blockchain will restrict access to funds until the client confirms the receipt of the object.

Automatic payment:The Rento Blockchain allows the client and owner to use a portion of the security deposit as payment. Furthermore, they can provide their crypto wallet details to process the payment automatically.

Transaction history management:The Rento Blockchain will manage the history ofevery transaction, which will prevent feedback manipulation within its ecosystem.

Dispute resolution: The Rento Blockchain will use third-party dispute resolution servicesto handle disputes on its Platform. Some of the potential service providers are:

○ https://www.sagewise.io
○ https://jurisproject.io
○ https://kleros.io

 Rento Model Store

The Rento Model Store is a proposed rental store that will feature a wide range of assets, such as lawn tractors, boats, and scooters. This will not only build credibility for the Rento Platform but will also promote the sharing economy vision since all rentals will be done through the Rento Platform. The Rento Model Store will provide an in-person experience, allowing Rento to get first-hand feedback as people use the service.

Furthermore, this business model also represents a pathway to the building of a brand and a franchise. For an interested person to own and operate a Rento Model Store under the Rento franchise, one would need to satisfy a number of conditions outlined in the franchise agreement. In addition to the payment of the franchise fee outlined therein, one would need to purchase the number of Rento Tokens stipulated in the same agreement and hold the Rento Tokens for a minimum period of two years.

Rento App Transaction Workflow



Listing a Service/Product for Rental

● Download the Rento App and register an account. Log in to the App.
● Choose the “Add Offer” option.
● Create the offer by adding relevant information, including images, product/service description, price, and the location.
● Activate the listing.

Renting a Service/Product

● Log in to the Rento App.
● Search for a desired product/service listed on the Platform. Users can set search filters to streamline the results.
● Contact the owner/listing agent of the desired service via the built-in chat.

Blockchain Transaction Smart Contract

Once the listing owner and user have reached an agreement, they can move forward with creating a smart contract for the transaction with a one-click function.

● The listing owner sets up the transaction details through Rento’s intuitive interface. These details include the period of rental, cost, security deposit, and accepted currency.
● The user agrees to the specified terms and makes the security deposit, which is refundable once the transaction is complete.
● Once the rental period is over and the product is returned, the listing owner confirms the receipt of the product.
● The smart contract returns the security deposit to the user after deducting the rental cost. (If the security deposit was $1,000 and cost $200, the returned amount will be $800.)

Direct Transactions Between Users

● The client and product owner agree on the terms of the transaction.
● They set up the transaction directly using cash, regular bank transfer, and other methods.
● The transaction concludes outside the Rento App, and the App serves as a medium to find/rent the desired product/service.

These 4 key specifications of Rento will surely make this project on top of the blockchain industry.RENTO APP, RENTO BLOCKCHAIN, RENTO MODEL STORE, RENTO APP TRANSACTION WORKFLOW . We see a good future in Rento and I am sure that it will reach its sharing economy market size in 2025 which is $335 bn. We cannot predict of the future and if this project will succeed you will regret if you have not been a part of it. The Rento Platform has blockchain technology at its core. Rento will create its own blockchain to facilitate customized technology implementations and authority.

If you want to know more about this project just check out these links below. Have a great day. Thank you :

Website: http://rento-app.io/
WP: https://rento-app.io/assets/whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=5074644.0
Twitter: https://twitter.com/Rento_app
FB: https://www.facebook.com/rentoapp/
Telegram: https://www.facebook.com/rentoapp/
Instagram: https://www.instagram.com/rento.app/
Reddit: https://www.reddit.com/r/Rento/
Medium: https://medium.com/app-rento



My BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2182909

Monday, December 10, 2018

What is the Future of FST Network? [Future Development & Vision]



Before We Start .. What is FST Network?

FST Network is a multiple protocol adaptive, 2-tiered Modularized Network with Software Mining designed to bring Smart Scalability, Modularization and User-Friendliness to the Blockchain Ecosystem. 

FST Network is the intermediary layer that connects business applications with the underlying Blockchain protocol, allowing everyone who participates in the blockchain ecosystem enjoy the benefits of Blockchain without touching Blockchain.




Market Application of FST Network

In general, enterprises need to write a smart contract or mobilise a considerable amount of labour and costs to adopt Blockchain technology. FST Network looks to solve these issues. 

Traditional Application Development

In such an environment, FST Network provides modular APls and smart contracts that enable business owners to choose the appropriate modules for their specific needs, providing enterprises with a flexible, low-threshold and low-cost solution, and seamlessly connecting legacy applications to a new world of decentralised server-less Blockchains. 

Whether it is tokenisation, DApp development, data exchange, or even Al, loT to create supply chain, industry 4.0 or other application requirements, these can be comfortably developed through FST Network modules. We will see the actual adoption of Blockchain in the next three to five years. The global IT development expenditure is about 4 trillion US dollars. As the payment medium in the FST Network ecosystem, the demand of FST will also be riding on this mass adoption of Blockchain technology.

Module Compatibility and Cross-Chain Applications


The number of DApps developed in April 2017 was 25, and the number of DApps developed in September 2018 was 161, an increase of more than 600%. The total number of DApps has also risen from the 25 in April 2017 to more than 2,000 now, growing more than 80 times. In the future, enterprises that launch applications through the decentralized Blockchain will grow exponentially, and a large number of developers will gather to develop DApps. Excellent DApps can attract more users to complete the entire ecosystem, which means the future market possibility is brighter. FST Network's service needs have increased, and FST is required in order to enjoy the functions brought by FST Network, so that the demand of FST will rise synchronously. 

The issues of specialized smart contract development language and incompatibility with existing enterprise software architecture have become an obstacle to the operation of enterprises and Blockchain. In addition, the hard fork caused by the non-scalable nature of the Blockchain makes it necessary for enterprises to make adjustments to upgrade on Blockchain, and the application flexibility is insufficient. In the future, FST Network will stand on shoulders of mainstream public Blockchains, provide technical services for enterprise users, assist enterprises to connect with Blockchains, and solve application flexibility problems, helping enterprises to create their own decentralized applications.


What will be the Use Case of FST Network?


Hospitality Ticketing System (Tokeneden) 

In response to the hotel reservation ticketing system, the Japan Hotel Industry Group adopted a Blockchain smart contract to integrate its inventory management system, reducing the risk cost by about 20% and creating and optimizing a new form of secondary ticket market that significantly enhances the liquidity. 

The hotel will create a ticket corresponding to each room for sale. It will be recorded on the smart contract & Blockchain and will no longer accept booking refunds. The hotel reduces the cost of inventory management and can set a price that is more advantageous than its competitors. Customers can also freely trade the right to use the room in the secondary market and bid for hot spots.

Gold Certificate Exchange (SHeX)

Gold and precious metals certificate has reduced transaction risk and processing flow through smart contracts, and increased asset liquidity through the characteristics of the Blockchain. Thereby it reduces the control costs within existing exchanges and lowers the usage threshold to optimize the user experience. 

The trading platform publishes digital certificates on Blockchain based on 1 gram of gold stored in each batch of vaults. The ownership exchange and historical records are protected by smart contracts. Platform users can invest without holding real gold. In addition, the peer to-peer transaction spans geographical restrictions, which greatly increases the liquidity of certificates.

Smart City Infrastructure (EnSo) 

The Smart City concept embodies the integration of urban systems, improving asset and resource management through loT devices to sense, monitor and collect data through secure networks. Firstly, digital identity is defined under the Blockchain protocol, and data accessibility, accountability, and authenticity can be reliably observed. 

All data that are reflected and transmitted between devices are connected to the security infrastructure through loT technology, thereby eliminating misbehavior of unauthorized party and machine, effectively monitoring and collecting data. Finally, overall governance can be achieved by managing and organizing the network as a unified system with a clear data structure. 

Through the multi-centered structure of Blockchain, the data and individual capital in the city are validated and exchanged effectively and quickly, and all forms of value and value flows can be clearly recorded or transmitted through reliable smart contract modules. The form of each central DPoA maintains a stable urban network. FST Network's enterprise solution builds permission Blockchain solution for projects such as smart cities or the Internet of Things through the deployment of consensus and provides a robust infrastructure reinforced with FST Network’s modules.

What will be the Strategy that will be used to be Successful?


With aims to accelerating Blockchain evolution, FST Network addresses the technical blockades and dilemmas for companies and developers by providing modules and optimization protocols and standards to drive adoption of commercial applications. 

 With the ever-increasing availability of applications, market demand will continue to catch up to the trend, and we will continue to stack and optimize modules to meet these needs, attract more participants to boost application capacity, optimize developer & user experience and attain diversification. These would again attract more newcomers to participate as end-users of service nodes or application services in the ecosystem. Through this flourishing cycle, FST Network continues to expand its ecosystem, increasing the number of modules, applications, and participants and a huge ecosystem. 

Additionally, FST Network is based on most Blockchain protocols at the level of smart contracts that can integrate seamlessly with past, present, and future Blockchain participants in multiple scenarios


What is the Future that the FST Network is Looking Forward?


Before the invention of Internet, data and information have always been the cornerstone for any infrastructural design, impacting the progression of science, society, and country level developments. 30 years ago, due to the hardware restriction and limitation, the key of data transmission was focusing on the ‘delivery of the information’. However, with the evolution of hardware’s capacity, the risk of data delivery has been minimized or eliminated. The focus is now not just on delivering but also on data management, accountability and privacy. In order to attend these goals, the Blockchain solution is an essential technology and will be the core of the new Internet. 

However, with the existing social structures, traditional servers and databases are still in use and there could still be pen and pencil records in an organisation. Hence, due to these legacy factors, it is almost unrealistic and extremely challenging for an existing firm to adopt Blockchain or distributed ledger technology solutions from scratch. In order to provide an path, FST Network has built a Blockchain solution with the concept of modularization and created a third layer to connect with existing corporate application with minimal cost, more logical and stabilized development framework.

Our first mission is to remove the problem of lacking Blockchain developer and increase the utilization of Blockchain technology. The solution is more direct and easier for corporate to adopt and understand. This will reduce the significant cost and lower the barrier for adoption. FST Network will provide an infrastructural protocol and network for clients that they will feel easy to use and easily to visualize how to adopt the technology. 

With the modularized FST Network becomes easier to use and more approachable, our clients will be able to provide better and flexible Blockchain based services. As time goes by, more business starts to adopt FST Network, e.g. Financial Services, Manufacture, Retail, Government, and etc, and adopting the blockchain. The ecosystem will become much more mature and just like the Internet today. It is everywhere! Fast-forward a few more years when Blockchain becomes prominent and mature technology, the FST Network will finally become a mature environment and more technologies can be integrated, e.g. IoT, Artificial Intelligence and Deep Learning. It is from then Blockchain will become the current world-wide web is able to change the valued individuals, societies, and smart cities.

In short, the FST Network will continue to create more module based on market needs and we have also revolutionary products to enhance users experience. With the growth of enterprise users from all over the world, the FST Network ecosystem will bring endless imagination to the world, allowing industries, enterprises and communities to have their own chains, consensus, smart contracts and tokens that meet their specific needs, and will be able to communicate with each other at any time to achieve intelligent society and life. 

My Conclusion 

There are so many things that FST Network interest me but the most word that embedded in my mind is FAST, SMART & TRUSTWORTHY. Yeah these are the fundamentals that FST has and surely it is great and a more advantage in other project.. As you can see in their Use Case you will see that there is so many things that this project can be used and in that it will increase the needs and demands of its service so I really see a great future in this project and we must participate and be a part of this booming project.. If you read their WP you will surely be interested and clarify with their visions & missions.. This is I recommended truly ! ^_^

If you want to know more about this project don't hesitate to check out the links below. Thank You:
My BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2182909
My ETH Wallet: 0xB0c8191Bb9CBc42374B7004eEB84Ad1b83A51143

Wednesday, December 5, 2018

Elisia - The Fast, Free & DAPPS Expert [Be Revolutionized]



What is Elisia?
Elisia is a new cryptocurrency based on its own unique Blockchain technology. Elisia provides lightning fast, free transactions and enables users to easily create free DAPPS and the ability to create their own cryptocurrency with the click of a button! 

Elisia has been designed with 4 pillars of strength: 
1. Speed - as fast as a lightning
2. Free - it does not cost even a dime
3. Security - even a savage criminal hacker can't handle
4. Simplicity - nothing less, nothing more ! 

The industry has been waiting for Elisia. Now the time has come!


The Problem Elisia Want's To Solve
The market will always remain competitive for all products/services and blockchains are no exception. There is ever growing competition between blockchains to come out with better solutions either in the form of new project or hard fork of an existing project.

Some projects focus on security, some focus on speed and some focus on the multiple usages of the platform. Different blockchains target different sets of user groups; ie Ripple’s main user groups are financial institutions, Tron’s main user groups are social/entertainment channel users, Ethereum’s main user groups are token builders, etc.

With blockchains, we come to consensus over a block of transactions, such that no transaction conflicts with any other, neither in this block nor prior blocks. However, with the emergence of different blockchain platforms, neither a single blockchain developer nor a blockchain user is arriving at a consensus over using a blockchain platform for building their Dapps. Apart from this existing blockchain platforms are burdened by large fees and limited computational capacity that prevents the widespread blockchain solution adoption by businesses.

Each and every business wants to develop a Dapp on such a platform, which provides the lightning fast transaction speed with security and zero fees along with providing an option to migrate from one blockchain app development platform to another as per their business vision and need. 

Every blockchain is plagued by either of two problems:

1. Interaction with Other Blockchain: There are currently 2,000+ different coins and tokens in existence as per the CoinMarketCap data. However, not a single blockchain platform allows migrating of one blockchain to another blockchain as a fully functional sidechain. This problem creates a doubt over the sustainability of a blockchain developed by small group of members or unknown group. It also restricts the blockchain to reach its full value potential. Over the period of a time the blockchain becomes dysfunctional and results in wastage of monetary, infrastructure and other resources.

e.g. Trig token by the Blocksafe Foundation. Trig Blockchain’s aim was to resolve the problem around licensing and usage of arms/ammunitions globally. Trig token was listed on only one exchange Binance with a Market cap of $10,400,663. The moment Binance announced the delisting of Token the market value dropped by almost 60% to $3,747,663 in 2-3 trading sessions.

What was the reason behind such a massive fall in price? It was the inability of the Blocksafe Foundation to migrate the Trig token to their separate Blockchain in a given time.

Imagine the situation of a business, who has developed a Dapp on platform like Trig. The instability of their main network, will cost a fortune to the said business and the business will be forced to develop the Dapp from scratch to another blockchain platform. 

2. Wide spread adoption: While a number of blockchain platforms have struggled to support functional decentralized applications, application specific blockchains such as the BitShares decentralized exchange and Steem social media platform have become heavily used blockchains with tens of thousands of daily active users. They have achieved this by increasing performance to thousands of transactions per second, reducing latency to 1.5 seconds, eliminating per-transaction fees, and providing a user experience similar to those currently provided by existing centralized services.

But the real question is how many existing developers have started building their applications using aforesaid blockchain architecture whether for file sharing or for social media or for anything else? Blockchain is known for its security. Almost everyone understands that a decentralized application cannot be hacked and most of them are equipped with Byzantine fault-tolerant system, still how many cryptocurrency exchanges are decentralized exchanges? The problem with existing blockchain application development platforms is either they don’t allow migration of apps over one blockchain to another platform with a single click or minor fixes or they don’t come with a pre-defined tool set to develop an application.

Quantum Resistance 
Related image

While Elisia works on the principal of a DPOS, it is secured against the threat of quantum computing. However, Elisia’s sidechain network adopts various kind of protocols like Proof-Of-Stake, Proof-Of Work, etc. which are not secured against the threat of quantum computing. To protect the Elisia’s Main chain from being corrupted by the side chains, for a security measure we have decided to introduce the quantum resistance ledger system.

Introduction To Winternitz OTS + Algorithm 


Buchmann introduced a variant of the original Winternitz OTS by changing the iterating one-way function to instead be applied to a random number, x, repeatedly but this time parameterized by a key, k, which is generated from the previous iteration of fk(x). 

This is strongly unforgeable under adaptive chosen message attacks when using a pseudo random function (PRF) and a security proof can be computed for given parameters. It eliminates the need for a collision resistant hash function family by performing a random walk through the function instead of simple iteration. 

Huelsing introduced a further variant W-OTS+, enabling creation of smaller signatures for equivalent bit security through the addition of a bitmask XOR in the iterative chaining function. Another difference between W-OTS(2011 variant)/ W-OTS+ and W-OTS is that the message is parsed log2(w) bits at a time rather than w, decreasing hash function iterations but increasing keys and signature sizes. 

Introduction to XMSS The extended Merkle signature scheme (XMSS) was first reported by Buchmann et al. in 2011 and was published as an IETF draft last year. It is provably forward secure and existentially unforgeable under chosen message attacks with minimal security requirements: a PRF and a second pre-image resistant hash function. 

The scheme allows extensions of one-time signatures via a Merkle tree with a major difference being the use of bitmask XOR of the child nodes prior to concatenation of the hashes into the parent node. The use of the bitmask XOR allows the collision resistant hash function family to be replaced. 

Security Measures

In the design of the ledger it is important that the cryptographic security of the signature scheme is secure against classical and quantum computing attacks both in the present day and also future decades. XMSS using SHA-256, where w = 16, offers 196-bit security with predicted safety against brute force computational attack for hundreds of years. 

An extensible stateful asymmetrical hypertree signature scheme composed of chained XMSS trees is proposed. This has the dual benefit of utilizing a validated signature scheme and allowing generation of ledger addresses with the ability to sign transactions avoiding a lengthy precomputation delays seen with giant XMSS constructions. W-OTS+ is the chosen hash-based one-time signature in the scheme for both security and performance reasons. 

Blockchain Parameters
Image result for parameters

DPOS System Architecture: 

Elisia will launch its main net with 51 block producers authorized to process the transactions. For consensus building the block producers are elected into a round of 51, each producer gets one block per round, and is rewarded for the validation of incoming transactions and production of the block of transactions. A block released by one producer is validated by the next and the next and so forth; if not validated, it is not built upon. 

A block that is accepted by a quorum of producers is declared immutable, and the chain of immutable blocks becomes in effect a checkpoint. Like proof of work, producers can censor (ignore) messages, or they can front-run by introducing their own from their superior knowledge of the future. 

Governance In Architecture 


To provide transparency in block producer selection and their governance over bad acts by producers, each round of producers is continuously elected by the community using proof of stake (PoS). 

 Block Production: 

Bitcoin has a time between blocks of roughly 10 minutes, but with natural variance this can on occasion lead to fairly long periods before the next block is mined. Newer ledger designs such as Ethereum have improved upon this and benefit from a much shorter block-times (15 seconds) without the loss of security or miner centralization from high rates of orphan/stale blocks. 

Elisia will have a block production rate of 5 seconds!!!

Conclusion

Elisia is neither just a cryptocurrency nor a blockchain app development platform. It is a decentralized ecosystem. By building the Elisia platform on top of a highly secure blockchain, integrating the mixture of different technologies, Elisia aims to provide a user-friendly platform to increase user adoption of blockchain technology as a whole. Elisia is aimed at becoming the game changer for the Blockchain industry and creating a revolutionary application building experience for businesses as well as developers with zero fees.

For more INFO just check the LINKS below:

Website: https://elisia.io/
Bounty: https://bitcointalk.org/index.php?topic=5066831.0
WP: https://elisia.io/white-paper.pdf
Telegram: https://t.me/elisiaio
Twitter: https://twitter.com/Elisiaio
Facebook: https://www.facebook.com/Elisia-199175400981031/
Reddit: https://reddit.com/r/elisia
Github: https://github.com/Elisia-io



My BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2182909

Tuesday, November 20, 2018

We Are Liker - A Blockchain Platform that Combines Education & Technology

What is LIKER?


LIKER WORLD is a block-chain-based educational content platform. This is accompanied by a donation policy related to educational projects. Innovation in future education through technology is oriented towards a better society and humanity. Based on the idea that all corporate activities should pursue social values, LIKER has 3 main aspects: TRUST, REWARD, and DONATION.

About Liker World


LIKER WORLD contributes to giving the present of the future to young students around the world.


LIKER WORLD makes the following contributions to students in countries that are not self-reliant:

  1. Let them try to make an effort to solve their hardships of life.
  2. Provides an environment in which they can be educated.
  3. Improves their lives through learning.
LIKER WORLD has this sense of mission, and the Pilot project is supported by DPI, ECOSOC Human in Love. We will work with organizations to grow into a blockchain corporation that contributes to human well-being
LIKER WORLD has completed development of Main-net for education and is building blockchain-based service platform.


Through Main-net, LIKER WORLD's education, is the fourth generation Main-net that goes beyond Ethereum and EOS and reaches a speed of 300,000 / sec that was approved by Korea Agency for Technology and Standards - Korea Laboratory Accreditation Scheme (KOLAS).

Through Main-net, LIKER WORLD's education, it is possible to issue tokens through LIKER Main-net immediately if educational companies around the world desire DAPP service in the near future.
LIKER WORLD's development team consists of Cyworld's founding team, known as Facebook's originator, under the direction of Jim Kwak (Kwak Jin Young), who has been evaluated overtaking Vitalik Buterin in the media.
The CEO of LIKER WORLD is a doctorate degree holder from the University of Tokyo.
The Co-founder of LIKER WORLD is a professor of blockchain business school in Korea and made Master and Doctoral degrees in blockchain.
The project of LIKER WORLD is jointly organized by various companies, especially the blockchain research center of Sungkyunkwan University in Korea and several universities.

ISSUES That Liker World Wants To Solve

Image may contain: 2 people, people sitting

EDU MARKET NEEDS

The myth of lifelong work and lifelong occupation collapses and the importance of systematic career development in line with the life cycle is emphasized.

IN THE AGE WHEN WORK HAS DISAPPEARED, WORK AND MANAGEMENT ARE EXPERIENCING NEW TRENDS.

As the era of the 4th Industrial Revolution began, there was a concept of 'gig economy', which entrusted work only when necessary, and a concept of 'crowd worker' . It's time to design a '2nd life' with a longer life expectancy and at least 70 years of economic activity. "Futurists say the world will change jobs every decade.

Let’s use the Blockchain to Re-design the Education 


HOW WILL THE FUTURE EDUCATION OF THE ERA OF THE FOURTH INDUSTRIAL REVOLUTION PROGRESS?

The block chain technology will create a new paradigm across all sectors of society worldwide. If the intrinsic problems of existing education are influenced by external factors, the nationalistic market capitalism logic, and personal assets, the future education market will have the market decision power of the demand users of the contents users demand. Then, the upcoming future education will be focused on adaptive learning that adapts to the user's learning pattern according to personalization, and interactivity and collaboration through collective intelligence become more important than anything else. Through the MOOC of companies and universities, a curriculum that goes beyond college and distance learning centered on field experience will arise centered on discussion and test simulation.

• Adaptive Learning Patterns for Each User 
• Mutual Approach, Collective Intelligence (Large-scale Global Lecture), sharing 
• MOOC of Shared Company, Project Learning, Collaboration, Career Education

This is the area of education that can be solved with a blockchain. This will change the educational beneficiaries to active users through synchronization according to REWARD compensation policy on the basis of technology trust, and build a new ecosystem that platform participants and users will create. Transactions involving educational content will have more democratic and rational methods. In addition to this, LIKER will take along with the educational contribution policy according to voluntary will of participants. In particular, the compensation policy itself is also responsible for the social function of providing educational opportunities for the underprivileged.

• Compensation system 
• Contents copyright 
• Reliability of Data 
• CERTIFICATE (Graduation, grades, completion, qualification) 
• Innovation in means of payment and transaction methods

The Liker World's Inspirational VISION


CONTRIBUTION TO HUMAN SOCIETY THROUGH EQUALITY OF EDUCATIONAL OPPORTUNITIES AND EQUALITY OF EDUCATIONAL CONDITIONS

The Liker World's Motivational MISSION


“LET’S USE BLOCKCHAIN TO RE-DESIGN EDUCATION”

LIKER is a BLOCKCHAIN based education platform. Through the trust-based authentication system, platform educators interact with each other to create an educational ecosystem. Their education-related transactions and activities are compensated according to the token economy, which in turn leads to educational donations. This creates a virtuous cycle structure that brings more educational benefits to blind spots. This is a mission for all of us, a challenge for us, and a start for educational reform. The blockchain is going to make many attempts according to the development stage of the technology among many problems. First of all, we want to reach educational users through fair and transparent authentication and compensation through the blockchain.

My Conclusion

I have seen so many educational based ICO but this one is one of the great ICO that has been produced in the crypto industry ! They have a great mission and vision which I conclude a good one ! Hope this project is not one of those EXIT Scam project because I really have high hopes in this project which I foresee a great future if this project will be developed well. I have a very high speculations right now in ICO projects because I am already aware and awaken about this worsening crisis of scam ICO. This project has a great theme in educational world and if this will be a legit one there will be so many investors that I am really sure will take advantage in investing in this project ! Thank you guys for giving me your time in reading my blog I really appreciate it ! Have a great day & Thank You !


IF YOU WANT TO KNOW MORE ABOUT THIS PROJECT JUST CHECK OUT THESE LINKS BELOW:

Website: https://likercoin.io/
Whitepaper: https://s3.ap-northeast-2.amazonaws.com/liker.world/whitepaper/EN_LightPaper_Likerworld.pdf
Twitter: https://twitter.com/Likerworld
Facebook: https://www.facebook.com/likerworlds/
LinkedIn: https://www.linkedin.com/company/liker-world/
Medium: https://medium.com/@Likerworld
Reddit: https://www.reddit.com/user/liker-coin
Telegram: https://t.me/likerworld


My BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2182909

Monday, November 12, 2018

What is IZIChain & It's Application?


What is IZIChain? 

IZIChain is a Public Hybrid Blockchain hyperlink platform providing blockchain custom solutions for financial markets with social and real-life applications. IZIChain allows users to interact with smart contracts, participate in smart contract completion via AI and Big Data mechanism, and operate blockchain-powered financial applications such as asset digitization, digital asset trading, and loan offer and transaction. Both individuals and entities may develop and provide standalone financial applications on IZIChain’s blockchain platform. 


IZIChain’s Application

IZIChain completely change the way financial markets work by financial asset and real asset digitization on IZIChain’s blockchain platform. IZIChain’s expected financial market consists of two main components: 

- Financial asset market: equity securities, fixed-income securities, fund stocks and payment instruments. 

- Tangible and intangible asset market: commodity, real estate, equipment and machinery with other tangible assets such as business idea, technology license, brand...



IZIChain enables individuals and entities to perform all functions in financial market:

- Invest – Individuals and entities with idle funds may find investments on IZIChain platform via: (1) IBO investment, (2) Loan using the global financial network app. 

- Look for loan – IZIChain’s financial network app help individuals in acquiring loans for consumption purposes. Companies may search for loan to finance their businesses. Government may seek funding for national infrastructure development activities. The loan could be collateral or non-collateral loan. 


- Funding – Start-up companies and real estate projects may seek for IBO funding, which is the type of financing by digitizing tangible and intangible asset using Blockchain technology. Digitized assets transforms it existence into Tokens, which have legal equivalent to business cooperation contract (BCC). 

- Digital asset transaction - Investors may conduct digital asset trading on asset exchange powered by IZIChain technology. 

IZIChain ecosystem includes the following applications: 


Asset Digitization

Asset digitization is the process of ‘Blockchainize’ (tangible and intangible) asset input, which is done automatically and decentralizedly. By way of Blockchain technology application, the asset digitization could be done in a decentralized, reliable, transparent, and traceable manner which does not require an immediate third party. 

Most tangible and intangible assets are digitizable. Post-digitized assets could be 8 quantified, then go into circulation, utilized for trading, transferring, used as collateral asset to apply for loan and issue other debt instruments such as corporate bond… 

In future, real estate constructions, houses, vehicles, all have the potential to become tradable assets on IZIChain network. 

Digital Asset Exchange

Asset digitization and digital asset exchange are the two building blocks of digital asset market, of which, asset digitization forms the primary market (or issue market, in which, digital assets are issued and available for the initial trades via IBO). Digital asset exchange take the role of secondary market (the trading market for post-primary market successfully issued digital assets). 

Below are some functions of a digital asset market:

- Act as a funding and capital flow channel between the over-funded and the underfunded: Similar to a stock exchange, a digital asset market also functions as a capital flow channel from over-funded individuals to people looking for capital acquirement. Entities in need of finance would conduct fund-raising by issuing digital asset or token for investors. These tokens would then experience open trading on primary market and secondary market. It could be speculated that a digital asset market would contribute the effective distribution of capital in an economy, enhancing overall efficiency and productivity for the whole economy. Digital asset markets would indirectly improve livelihood for both the funded and the funding. 

- Add liquidity for digital asset: Digital asset markets provides a mechanism for investors to trade their digital assets on the secondary market, which, in turn, create liquidity for digital assets. Without liquidity, investors would be forced to hold on digital assets until their company going into bankruptcy, dissolve or asset liquidation. The more developed the digital asset market, the higher the liquidity level. 

- Valuation of financial assets: By means of the relationship between seller and buyer (market supply and demand relationship), digital assets’ prices would be defined. Hence, digital asset market is the place to determine the prices for digital asset (or market “commodities), or ‘asset-valuation market’. 

- Encourage competition and improve business efficiency: Digital asset market is assetvaluation market, which encourages competition between businesses. Community finance would be transfer to the businesses with highest efficiency. To be able to survive and thrive, helping in increasing value for digital assets owned by investors and corporates, companies must strive for an enhanced business efficiency

- Increase funding chance for companies and diversify investor portfolio: IBO is a new financial instrument created to better meet issuers and investors’ demands. IBO was created during the course of Blockchain’s development and application in existing business platforms to benefit from legal advantages, helping companies to acquire funding with decreased cost, providing facilitation for new companies, and market entry and faster funding opportunity for small and medium-sized enterprise, and avoiding costly loan and strict control from commercial banks and venture capital funds. In addition, IBO give investors more options to diversify their portfolios and minimize risks, improving financial market efficiency. 

- Revolutionary technical elements: Along with Blockchain and the most advanced technology platforms application, the digital asset market will be throughly computerization, eliminating the immediate role of depositories and payment agencies, reduce time taken and increase transaction volume on the market. 

- Relieve centralized economic power: The digital asset market would contribute towards a fairer re-distribution. By breaking down investment and public IBO issue, the centralized economic power would be relieved, pushing the economy a step further towards a fair and democratic society. The relieving of centralized economic power would also create fairer competition conditions, improving economic growth and efficiency. 

 Lending Market 

Our targeted lending market would focus on the P2P Lending. P2P Lending already has a history long before banks were born. In the past, due to limited access to information, lenders and borrowers have not always reached a mutual direct connection. The appearance of banks, acting as the immediate agencies to receive deposits and then use those deposits for lending activities, was the answer for the question about lending and borrowing demands. 

However, the enormously high cost to maintain such institutions’ operation adds up to lending interest rates imposed by banks, raising it significantly higher than borrowing interest rates, to compensate for operation cost. Besides, their credit evaluation and approval process are famously strict and consumes a lot of time, making it inaccessible to many of those with demand. 


IZIChain provides a Blockchain platform operating the service model of peer-to-peer lending with a global network, optimizing all lending activities on the Blockchain platform. Different countries and credit institutions may utilize their idle fund to participate in our system to develop a standalone lending system. 

The IZILending peer-to-peer lending provide the following exceptional benefits for its users: 
 Loan approval process made short thanks to database and smart algorithm application; 
 Interest made lowered against bank’s lending interest for borrower; 
 Interest made higher against bank’s deposit interest for lender; 
 Investors may utilize their digital asset on IZIChain’s Blockchain or other platforms as lending and borrowing instruments on IZILending.



My Conclusion
Hi guys ! Good Day ! I am Crypto Jhin! This project is so awesome and I have seen a great potential in their project ! They have a good team & roadmap ! They are making digitization to the next level and with this it is clearly showing that this project has a great potential in investors because I am pretty sure that this project will really soar high ! They focus in lending & loan which so many people needs nowadays ! We might think that this might be another scam project but I think its up to you to believe if you read their WhitePaper I have seen clearly that this project has a pure legitimacy so I really recommend you guys to check this project out ! That all I want to say and thank you for taking your time in reading my blog ! 

If you want to know more about this project just check out the links provided below: 


BUY TOKEN HERE: https://www.izichain.network/buytoken.html