- Gimli eSports: "Blockchain will change the world"
- LAToken: Multi billion dollar potential for crypto economy!
- IBM cooperating in the food sector!
- No block enlargement?
Gimli is a decentralized American betting and streaming platform for eSports. Co-founder Julien Charrel spoke in an interview about the benefits of the blockchain for eSport bets, the upcoming ICO of the GIM Token and the increasing importance of eSport - also in Germany.
Gimli is the first truly decentralized betting portal for eSport. This means two important differences to traditional players: First, we use the blockchain to guarantee transparency and fairness, which is a big advantage within the usually very opaque contest. Secondly, the Streamer (Caster or Pro-Gamer) is responsible for giving bets to Gimli. Gimli is involved in this with a percentage of the wager. The live streaming industry urgently needs new financing opportunities and Gimli is proud to show a great way to realize this. In addition to that, the Streamer has an additional advantage from the bets - as opposed to centralized bookmakers - as this also increases the response on their own websites. Thus the distribution at Gimli is done by the streamers themselves, which brings us a high degree of arrangement, which conventional sides will never be able to reach.
The use of the Blockchain is for us a way to guarantee that neither Gimli nor individual streamer have access to the fiduciary funds of the betting. The only authoritarian instance for us are Ethereum Smart Contracts on the Blockchain, which can be hacked by no one. After many successful scam attempts by skin contestants, which the community has suffered in recent years, gamer and spectators are on their guard. They are very skeptical to continue to use black-boxes.
We expect that many people will participate in the ICO to spread the GIM token as much as possible. The community has given very good feedback on our project. Gimli collaborates with many world-famous streamers and pro-gamers, who are convinced by the idea and help Gimli develop them further. Among them are Sean Gares, one of the most famous American CS GO players, Luffy, a former Street Fighter World Champion and Stephano, a world-famous Starcraft 2 star.
Gimli provides a secure and easy way to interact with their favorite streamers and pro-gamers. The Blockchain base frees us from the hurdle of being dependent on and trusting others. German fans can therefore look forward to supporting their favorite players in a completely new and exciting way.
Through our Malta base, Gimli has access to the European market. We have a great interest in offering Europeans an overall package and look forward to giving them a great experience.
ESport is a new intensive type of skill based games. The fans are just as passionate as they are at traditional sporting events. The fast-developing gaming nature makes it an inexhaustible source of fun and entertainment for many. The eSports market is booming and growing. Gimli provides its services to streamers and viewers in order to guarantee the best possible enjoyment of the shows and the increased possibility to participate in the games. We are still at the beginning of a grandiose development.
Blockchain will change the world. The promise to deal with each other without being dependent on a middleman can shake the oldest institutions in the world. Banks, lawyers, insurance companies, all of them are doomed if they fail to adapt to the new economic opportunities in the near future. Gimli strongly believes that decentralized control is possible. According to our economic understanding, Gimli does not have access to traded funds, which leads to a direct interaction between streamers and viewers. Gimli is proud to be part of this future and to share profits with the entire community. This will have a lasting effect on eSports around the world.
For more information about Gimli, please visit their website.
Go to their white paper here.
In the last week Bitcoin reached a record high of 4,480 US dollars and a market capitalization of 73.5 billion US dollars. If Bitcoin was listed on the stock exchange, it would already exceed the market capitalization of PayPal.
There are already dozens of crypto currencies worth an eight-digit dollar amount. The speed at which new tokens are created continues to grow with the spread of Initial Coin Offerings (ICOs). ICOs are already a worthy alternative for risk financing and have helped blockchain startups collect nearly $ 2 billion. And we are just getting started: the number of token sales per week has almost doubled for the first four months of 2017.
Some claim that just a bubble is forming. However, LAToken believes that the potential of crypto-currencies is far from exhausted. At present, a crypto-economy is emerging, which is still in its infancy. LAToken is active in the tokenization of valuables, in which investors can buy and sell assets in the form of crypto currencies.
This Monday, LAToken issued Apple Inc. shares in token form and listed them at LAT Exchange. "Within a few weeks, we will list new asset classes at LAT Exchange - from real estate to works of art. This will allow maximum diversification for crypto investors, "said LAToken CEO Valentin Preobrazhenskiy.
Valentin Preobrazhenskiy also said:
Excluding estimates that the turnover of token hedged by assets could have exceeded the $ 1 billion mark by 2025, LAT is pursuing the goal of becoming the next widely used crypt diet due to the relevance of its platform.
LAToken should make it possible for anyone to tokenize almost all valuable items and listen to LAT Exchange. There, various potential investors, from hedge funds through family businesses to individuals, can diversify their portfolio. If someone has to lend money, for example, he can list directly tokenized parts of his house or another property to get money without having to pay credit. As a rule, the item can still be used even after the sale.
Investors are also given the opportunity to diversify their portfolio with many different investment classes. For example, a share of Apple Inc. costs $ 157, which makes it impossible for an investor to invest more than $ 50 to invest. At LAT Exchange, on the other hand, these smaller parts of the tokenized Apple stock can also be purchased with these 50 US dollars.
The LAToken Public Token Sale will start on this Tuesday, August 22nd, and will allow interested parties to acquire token until August 29th.
IBM announced in a press release a blockchain collaboration for greater food safety. To this end, a first fully integrated IBM-Blockchain platform was presented, which is to ensure the fast turnover of Blockchain technology.
A group of leading companies from the global supply chain for food products announced yesterday a blockchain cooperation with IBM. The aim is to further strengthen consumer confidence in the global food system. The consortium includes Dole, Driscoll's, Golden State Foods, Kroger, McCormick and Company, Nestlé, McLane Company, Tyson Foods, Unilever and Walmart. Together with IBM, the companies are working to identify new fields of application for Blockchain in the global supply chain.
According to World Health Organization, one out of every ten people get sick each year due to contaminated food and some 400,000 people are dying. Many problems relating to food safety, such as contamination-induced diseases, waste and expensive food recalls, are compounded by lack of access to information and poor traceability. It can take weeks now to find the exact cause of impurities. This causes more people.
With the Blockchain technology now a way is to be found to deal with these problems. It offers all stakeholders a trustworthy environment in which transactions can be handled more transparently. Participants in the global food supply chain, such as farmers and producers, suppliers, the processing industry, traders, authorities and consumers, can obtain secure and reliable information on the origin and condition of foodstuffs through a Blockchain network for their transactions.
This is what the cooperating companies want to make use of.
Marie Wieck IBM's General Manager Blockchain said:
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The IBM Blockchain Platform is accessible through the IBM Cloud and facilitates all steps in building a Blockchain network. It allows multiple parties to develop, control, and operate Blockchain networks. This enables organizations to put their own business networks into operation very quickly.
Embedded in the platform is the experience of IBM from more than 400 customer projects in industries such as financial services, supply chain and logistics, retail, government and healthcare.
The IBM Blockchain Platform has already addressed the challenges that organizations face in terms of security, performance, collaboration, and data protection, both technically and organizationally. It offers innovations created by the open source collaboration in the Hyperledger community. These include, for example, the latest Hyperledger Fabric v1.0 Framework and the Hyperledger Composer Blockchain tool hosted by the Linux Foundation.
For more information about IBM Blockchain, visit www.ibm.com/blockchain
While SegWit will be activated in the coming night, we are also looking into the future. The second SegWit2x should actually bring a compromise between two camps, but since the one camp has split off, the whole project seems to be no longer meaningful.
In order to bring together both warehouses, which would later support SegWit and Bitcoin Cash, Barry Silbert initiated the New York Agreement, NYA for short, at Consensus 2017. Industry representatives and sizes of the crypto world agreed on the introduction of SegWit and a block enlargement from 1MB to 2MB.
But now that Bitcoin Cash has split up with its own block enlargement to 8MB and the rejection of SegWit from the Bitcoin network, only the original SegWit supporters remain. Although we wait according to the protocol still on the last step of SegWit2x, namely the increase of the block size, but it does not seem to occur any more.
SegWit will be activated tonight, but the Bitcoin core developer completed their support for a block enlargement. So we stay with Bitcoin and SegWit and push a block enlargement perhaps for undetermined time.
In a statement from Bitwala, the company explains its own state of affairs. As one of the first companies to signal a point of view in this debate, they say that they will not actively break away from Bitcoin. "Bitcoin" define it as the chain supported by the Bitcoin core developer team, and it can almost certainly be said that many other representatives from the crypto scene are similar.
There is currently confusion about the last step of the block enlargement. It was reported recently that a hard fork is required for a block enlargement, but this requires a replay protection. Bitcoin core developers do not want to implement this protection, however, the test time for such a development needs at least another 12 months. The occurrence of a further hard fork for the block enlargement thus moves into a wide and undefined distance.
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