Connect with us

Blockchain

MAKERDAO AND BLOCKSHIPPING COLLABORATE TO TRANSFORM THE GLOBAL CONTAINER SHIPPING INDUSTRY

Published

on

MakerDAO, creators of the Dai stablecoin, and Blockshipping, creators of the Global Shared Container Platform, (GSCP), are working together to transform the global container shipping industry, enabling significant savings in cost and CO2 emissions. The partnership is expected to accelerate development and availability of the Blockshipping GSCP by leveraging Maker DAO’s proven Dai Stablecoin System to power the GSCP platform.

MakerDAO and Blockshipping today announce a partnership to collaborate on transforming a critical part of the global supply chain industry – the container shipping industry. 

Blockshipping is developing the blockchain based GSCP platform, which will be both the first global registry of the world’s approximately 27 million shipping containers and a joint platform for all players in the container shipping industry – allowing them to efficiently conduct a wide range of transactions related to the handling of shipping containers globally. Elements of the GSCP platform will utilize Maker’s proven Dai Stablecoin system.

The GSCP platform has the potential to reduce costs for the global shipping industry to the tune of USD $5.7 billion annually and reduce the global CO2 emission by more than 4.6 million tons every year.

Accelerating the Platform Development

ACCELERATING THE PLATFORM DEVELOPMENT

Blockshipping’s CEO, Peter Ludvigsen, is pleased with the prospect of accelerating the development of the GSCP platform through a collaboration with MakerDAO:

We believe that there is huge potential value in what Dai the stablecoin will bring to the GSCP platform. Leveraging Maker’s Dai Stablecoin System will enable Blockshipping to increase the pace of development of the GSCP platform and reduce time to market.

Rune Christensen, CEO of MakerDAO, sees a lot of possible benefits to Blockshipping by using the Dai Stability System to power the GSCP platform.

We look forward to a partnership with Blockshipping in developing the best possible solution for transforming the container shipping space, where the Blockshipping solutions on the longer term can be “powered by Dai. We are very eager to show that our stablecoin system is perfectly designed for supply chain projects like Blockshipping’s GSCP platform.

Eliminating Volatility

ELIMINATING VOLATILITY

The MakerDAO Stablecoin System has created a digital currency, Dai, which is soft-pegged to the US dollar, bringing stability to the blockchain economy and enabling transaction in cryptocurrencies. Unlike other stablecoin systems, the Maker platform is backed by collateral, using smart contracts to always ensure the right balance between the amount of Dai and the collateral backing the issued Dai. It is a decentralized infrastructure without a central operator.

Launched in December 2017, the beta Dai Stablecoin System accepts Ether (ETH) as collateral but will introduce multi-collateral options this summer. As the platform evolves, there will be increased support for collateral types, including tokenized commodities and, in theory, even a batch of bicycles in a container or the shipping containers themselves could be tokenized and used as collateral for issuing Dai on MakerDAO’s platform. More information can be found at www.makerdao.com.

COMMON SCANDINAVIAN ORIGIN

Both MakerDAO and Blockshipping offer global platforms and works internationally, yet both companies have distinct Scandinavian origins and Danish founders and CEOs. This common cultural heritage makes for a shared focus on common values of trust and transparency.

Blockshipping is currently working out of Copenhagen, and MakerDAO, who already have five offices around the world, is exploring a possible relocation of its headquarters to Copenhagen within the next year.

For more information, please contact:

Michael Juul Rugaard
E-mail: [email protected]
Telephone: +45 44 40 31 32

Søren Peter Nielsen
E-mail: [email protected]
Telephone: +45 60 62 17 41

Advertisement

Blockchain

Meet us at World Blockchain Forum in Shenzhen: January 11th, 2019

Published

on

World Blockchain Forum [WBF] will officially build media alliance with Asian blockchain leading media AMBCrypto.

On January 11, 2019, World Blockchain Forum [WBF] will officially launch World Blockchain Awards • Asia 2019 at Marco Polo hotel in Shenzhen, where the development and application directions of blockchain, the presentation ceremony of the blockchain, as well as the exchange of the industry will be discussed.

This will be a grand event in the blockchain world, which is helpful in defining the next future development in the industry.

In 2019, WBF will host 18 blockchain meetings in key metropolises around the world, and the WBF Global Blockchain Media Alliance will also welcome a large number of Asian blockchain media to join.

Please find more details and the agenda on our event page. You can register for the event on the official website!

Source.ambcrypto

Continue Reading

Bitcoin

YouTuber’s Video Resurfaces of His Bitcoin Revolution Prediction in 2011 When BTC Was $1

Published

on

In the early days, bitcoin was a niche tech toy with limited value. Few people predicted that bitcoin would rise to an all time high of $20,000, and even fewer people predicted that bitcoin would disrupt the global financial system.

One of those early believers, however, is now getting the recognition he deserves. As spotted by Redditor MATURBO, a YouTuber named Davincij15 predicted the rise of bitcoinall the way back in 2011.

At that time, bitcoin was sitting at a price of just $1 USD. There were limited software programs that allowed you to access bitcoin, and the protocol was clunky to use for anyone without decent tech skills.

Despite these shortcomings, Davincij15 recognized the potential in bitcoin. Redditor MATURBO dug through the YouTube archives from 2011 and discovered a video where Davincij15 spoke excitedly about the new payment protocol.

In the video, Davincij15 describes how bitcoin was going to permanently change the worlds of internet and finance.

Davincij15 apparently discovered bitcoin after reading an article on the then-two-year-old payment technology. That article contained a link to InstaWallet, allowing readers to send money directly to the article author. Davincij15 was amazed at the ease at which he was able to send the money. He also enthused at the concept of sending money without centralized authorities like PayPal cutting away hefty commissions.

The 3.5 minute video was uploaded to Davincij15’s YouTube channel, which had previously been dedicated to talking about gold and silver.

“I know that you probably don’t want to hear this on my silver channel,” explains Davincij15. “But I have to point out this amazing stuff.”

“I went to InstaWallet. It’s a link on the web that allows you to store bitcoin. I was able to copy it, copy his link on my iPad, and paste it into my InstaWallet, and send him money instantly.”

“I didn’t have to pull out my credit card. I didn’t have to type in my address, remember my postal code. It was instant, it was fast, there were no middle man taking a cut, a 3% cut or more, of his money that I sent him. It was just smooth and easy.”

“I don’t know how you don’t see that this is a new powerful currency that will change the landscape of the internet and probably the rest of the world.”

Today, Davincij15’s words seem basic: we know that it’s easy to send bitcoin online and we know the technology has the potential to disrupt the world. But keep in mind that bitcoin was less than $1 when he was speaking these words, and that few people had heard about the cryptocurrency at the time.

That’s why Davincij15’s words are significant.

This is the Same Guy Who Urged Users to Remove Bitcoin from Mt. Gox

Interestingly, Davincij15’s Nostradamus-like abilities don’t stop there. As spotted by Redditor mazinger-B, this is the same guy who warned people to remove their bitcoin from Mt. Gox.

On June 26, 2013, davincij15 urged users to withdraw bitcoins from Mt. Gox. At the time, nobody really know what was going on with Mt. Gox. However, the exchange – the largest exchange in the world at the time – had recently stopped accepting wire transfers from Citibank.

Davincij15 cited a news article claiming that Citibank was stopping transfers to Mt. Gox. Davincij15 saw this as a sign of the end and urged users to withdraw bitcoins from the exchange.

We know what happened next: Mt. Gox collapsed. Users lost funds. The exchange had been insolvent for months. Various hacks had drained Mt. Gox’s reserves. It was one of the biggest disasters in bitcoin history – and Davincij15 apparently avoided it.

…And the Same Guy Who Urged Users to Sell Bitcoin in December 2017

The prophetic calls continue for Davincij15. In December 2017, Davincij15 was one of a handful of bitcoin users urging investors to book their profits and avoid buying bitcoin at its current price.

You can see his video warning users of the December 2017 bubble here. The video was spotted by seomit on Reddit. It was posted on December 4, 2017.

We all know what happened next: bitcoin’s price peaked at just below $20,000. Anyone who sold in December 2017 was selling bitcoin at the top of the market. Today, bitcoin is sitting at a price of around $3,200.

For those keeping track of Davincij15’s predictions, he’s still making them: last week, Davincij15 claimed that bitcoin will go a lot higher from its current price. Davincij15 has nailed three separate predictions almost perfectly: could he be right this time too?

Continue Reading

Bitcoin

Tron’s Justin Sun Predicts The TRX Surge of 500% in Dapp Activities on the Network

Published

on

Over the latter months of 2018, it’s been the collective effort within the investment world to get rid of the downwards trend that cryptocurrencies have been enduring. The problem is that this bearish market continues to push ahead with attempts to ease and stop it proving more than a challenge. And while it’s been a broader initiative by investors, there’s no such thing as a coin that hasn’t, in some way, been impacted.

This downward trend, or what we could regard as a drastic bearish swipe, has impacted a large number of coins, including the most prominent ones such as Ethereum (ETH), Ripple(XRP), Monero (XMR) and TRON (TRX). While these have all been undergoing some serious declines, compared to its larger cousins, TRON has proven itself highly adaptive, as well as having the potential to recover very quickly when compared to other coins.

The CEO and founder of the TRON foundation, Justin Sun, has stated that he wants to keep eyes fixed on the continued evolution of its network, in spite of any downwards trends in the market. In order to redress this point, Sun announced one of the proposed plans dubbed ‘Proposal Seven’ during late November. This initiative has its aim at increasing the energy limit within the network, as well as improving the level of support given to developers.

While introduced very recently, Proposal Seven has since undergone the approval of more than 28 of the networks judging bodies: the Super Representatives, and has faced no recorded opposition from SR’s. Among those that voted in approval are: BitGuild, dAppHouse, TheLastMe, TronSpark, TronAllianc, Alle-Exchange, Lianjinshu, JustinSunTron among a large number of other Super Representatives yet to declare.

In the wake of recieving these votes, Justin Sun made the following statement through his Twitter account:

“Proposal 7 is approved by #TRON community. We will expect 500% increase of #DApp activities after the activation of Proposal 7. #TRX $TRX”

The Super Representatives themselves have a firm reputation within the Tron network due to the crucial role they play as processors of transactions and information, but also as representatives for their voters. Those that hold any number of TRX, the token native to the network, are able to vote for the candidates that they prefer.  Whoever wins sufficient votes will be able to play the role of validator within the network and govern the ecosystem . to some degree.

These same Super Representatives are then entrusted with the duty of initiating the elements of the Tron Virtual Machine (TVM). To being, each of these representatives is required to make proposals for the activation of particular features. After doing so, other Representatives will then be able to confirm the proposal based on a number of different factors.

From there, this feature will go on to be activated on the Virtual Machine, but this will only happen once it’s been passed by a 2/3rds majority of the SRs and within a time span of three days. Should the proposal is passed by less than this number, then it will be considered to be as invalid, and the feature will then have to wait longer until it can be activated or is proposed by another representative.

Nopumpnodump, a Twitterati said:

“Thats how other developers should do even in the bear market.”

Adam, another Twitterati said:

“This will bring some well deserved ovrr due organic grownth imo! #TRX”

Continue Reading
Advertisement
Advertisement
Open

Close