Connect with us


#PAY Symposium & Exposition is being staged at Caesars Palace, Las Vegas



We have opportunities for Speakers, Sponsors, Exhibitors, Startup Showcase, Workshops and more.‬

Unprecedented Innovation –

With 65+ Speakers, 90+ Exhibitors, 2,200 Attendees and over 50,000 square feet of conference and exhibit space this is the must-attend Fintech show of the year.

#PAY Symposium brings together the best and brightest visionaries in Fintech and finance including; banks, startups, entrepreneurs, developers, media, investors, service and solution providers.

+ BANKING – The future of digital banking

  1. Faster Payments
  2. Open Banking
  3. Customer Experience

+ FINTECH – Going beyond the technology

  1. Blockchain
  2. Artificial Intelligence
  3. Machine Learning

+ Payments – A new decade of payments

  1. B2B – Business to Business
  2. C2C – Consumer to Consumer
  3. B2C – Business to Consumer

Hear, meet and learn from leading incumbents and disruptive innovators including:

  1. Ron Karpovich, Global Head of eCommerce, JPMorgan Chase
  2. Brian Zisk, Head of Market Development, Chia Network
  3. Antony Welfare, Blockchain Lead, DXC-Luxoft & Author of Commercializing Blockchain
  4. Vincent Kadar, Chief Executive Officer, Telepin Systems
  5. Victoria Thompson, Head of Innovation, Barclays Bank
  6. Anthony Delgado, Co-Founder & CEO, Disrupt Media
  7. Christopher Tonniges, Senior Treasury & Fintech, Mutual of Omaha Bank
  8. Sam Maule, Managing Director North America, 11: FS
  9. Julie Albright, Digital Sociologist & Author of Left to Their Own Devices
  10. Jeremy Berger – Co-Founder & COO, Arival Bank
  11. Daniel Eidan, Solutions Architect, R3 Corda
  12. David Lott, Payments Risk Expert, Federal Reserve Bank of Atlanta
  13. Kristen Tedder, Head of Payments, Javelin Strategy & Research
  14. Chris Zhong, Founder & CEO, Blockchain Philanthropy Foundation – and many more …

If you’d like to register to attend the event please use registration code SAVE for a 30% industry discount from standard pricing. Register Today.



IBM & Google Ex-Director Shifts Towards Credits Blockchain



On October 11, CREDITS.COM announced the addition of a new member in the position of Chief Business Officer. The replenishment in the ranks of the company has become a major event in the market due to previous employee experience. Jennifer Trelewicz, who previously held the positions of Director of the Systems & Technology Laboratory at IBM, CTO of Google Russia, and Director of Risks & Market Data at Deutsche Bank, will now make every effort in developing the blockchain project.    

The management of Credits, knowing the strengths and vast knowledge of Jennifer, entrusted her the leadership of the external sector of business relations, which implies establishing working negotiations with partners, informational and analytical support in the process of making managerial decisions, improving control over the development process and the possibility of its operational adjustment.  

The following is a detailed interview on the employee’s previous work experience and her prospects at Credits:

Q: Could you tell us about an accomplishment that shaped your career?  

A: Opening the IBM Systems and Technology Laboratory in Moscow was significant. My path to the opening was not simple – I started work on the proposal with 2 IBM colleagues in 2004, and eventually worked an executive assignment role in the IBM headquarters to get the highest-level approvals to make it happen. From zero I built a team of 130 engineers, worked with colleagues in IBM around the world to bring interesting R&D to the lab, set up the structure and processes. The lab continued to function successfully after my departure, and one of my first hires as a project manager was later promoted to director of the lab, which makes me proud of him.

For me the key points of this project involved taking an idea from zero to business success navigating obstacles, building alliances.Q: During your tenure as CTO at Google, with which major projects have you collaborated?

A: This was a while ago, when Google search first became useful in Russian. Our team collaborated with the core search team in Mountain View, California, to build Russian morphology into the language model, which was critical to the platform’s performance in this market. We also spearheaded work with Google Maps to adjust to Eastern European specifics of maps and transport, including norms for address numbering, the role of public transport, and others. At the time, public transport was not viewed to be very important to Google maps, but could any resident of Moscow imagine giving directions to an address, even to a delivery person in a vehicle, without telling the name of the closest metro station? This is just one example of the difference in paradigm.

Q: When did you familiarize yourself with blockchain technology and the Credits platform? 

A: I started working with blockchain technology as CEO of the S7 TechLab. We launched a joint project with Alfabank for selling airline tickets on Ethereum, and later, together with Alfabank and Gaspromneft-Aero, for handling payments for aviation fueling. In that role, I was familiar with both Ethereum and Hyperledger and could see the advantages and disadvantages of each for enterprise solutions.

I became familiar with the Credits platform recently, and I am impressed with the technology, including the technical layer and the commitment of the company to both the user community and to solution partners.

Q: Do you think the entire market has matured to the understanding that business is dependent on information security?

A: Technology business seems to understand this aspect, but some of the sectors historically less associated with information technology seem to be just coming to this awareness, normally when a breach happens to them. Even “low-tech” businesses are dependent on information security, since even they likely store some amount of customer and supplier data on computers. Businesses that do not understand their dependence on information security are at risk of major problems. Compromised information systems can affect everything, from customers and their interests, internal control systems (budget, purchasing, planning), and eventually the reputation of the company. As well, laws in many geographical regions worldwide govern the handling of customer data, so problems can lead to fines or worse.

Q: How do you assess the market development prospects?

A: I am very sanguine about the prospects, and I note that even Forbes has named 2019 as the “Year of Enterprise Blockchain”. Businesses are beginning to understand the value that the technology can bring to their systems, including integrating with legacy systems to enhance security and functionality. As well, achieving trust between counterparties in a world of global supply base, automated documents and payments, electronic engagements – all of this requires the technology that blockchain brings to the table.

Q: In what areas do you think Credits could collaborate with IBM?

A: IBM is an excellent partner for complex solutions projects, and they have worldwide channel for enterprise clients. I see a lot of potential in being a technical partner to IBM in solution projects, providing components of the solution, based on Credits blockchain technology.

Q: What do you value most about Credits technology and goals?

A: The architecture of the platform is well designed and skillfully implemented. The code is open, which allows clients and the community to verify, contribute, and certify for special installations. At the same time, since Credits controls the platform, we can ensure that critical integration interfaces for customer solutions are not broken with upgrades, as can happen with some other blockchain platforms.

At the same time, I really value the priorities of the team, with a balance between clients, developers and integrators, and community and investors. This is the type of healthy approach that characterizes long-term successful businesses.

Q: What is Credits doing well, and where is there an opportunity to grow?

A: The Credits technology platform is very well implemented, and the team pays a lot of attention to verification and stability. This is a solid foundation for working with partners developing on the platform, clients working with solutions on the platform, and general market trust in the technology.

Where I see opportunity is in developing our solutions portfolio in partnership with key players, such as IBM and others. This is where we will be able to bring maximum value to enterprise clients, leveraging the strengths of all partners to solve complex business problems.

Q: What do you hope to accomplish within the next year in Credits?

A: I will be nurturing and developing our relationships with partners, clients, and advisors worldwide. As well, I put a high priority on building our channel partnerships, including with integrators and ISVs. For these directions, I am looking forward to collaborating closely with our ambassadors and regional representatives. Together we will launch PoCs in key sectors, enable channel partners to build on our solutions, and realize solutions with enterprise clients.

In parallel I am working closely with our business development team to develop additional skills, hire the correct candidates, structure work around appropriate KPIs.

Therefore, the blockchain technology market is increasingly penetrating various business structures, thereby attracting the interest of both ordinary people and large company directors who want to make their efforts in the inevitable development of a reliable digital space.

Credits is an open-source and fully decentralized blockchain software platform operating based on the PoA (Proof of Agreement) algorithm. The platform offers network capacities of up to 1 million transactions per second with transaction processing times at 0.1 seconds, and low fees starting from 0.001 USD per transaction.

In parallel I am working closely with our business development team to develop additional skills, hire the correct candidates, structure work around appropriate KPIs.

Therefore, the blockchain technology market is increasingly penetrating various business structures, thereby attracting the interest of both ordinary people and large company directors who want to make their efforts in the inevitable development of a reliable digital space.

Credits is an open-source and fully decentralized blockchain software platform operating based on the PoA (Proof of Agreement) algorithm. The platform offers network capacities of up to 1 million transactions per second with transaction processing times at 0.1 seconds, and low fees starting from 0.001 USD per transaction.


Continue Reading


Shellfish Plant Is Putting Scallops on IBM’s Food Tracking Blockchain



A seafood plant is working with IBM to track the provenance of fresh scallops using blockchain technology.

The Raw Seafoods plant in Fall River, Massachusetts, is collaborating with IBM Food Trust, a digital system for tracing food between retailers and suppliers. 

A fleet of scallopers owned by Capt. Danny Eilersten will upload data about each catch sourced in a local fishing ground onto the blockchain platform, IBM announced on Thursday.

When Eilersten’s boats catch a scallop, the system records its weight, the vessel’s longitude, latitude and name, and the time the shellfish was caught, and sends the data via satellite to IBM’s blockchain. Workers on-board then store the scallops in a bag and label it with a barcode that links to the same information. 

The project also shares data with distributors, suppliers and retailers, including when a boat landed port-side and when each scallop lot was hand graded, selected, packed and shipped to its final destination. Raw Seafoods plans to launch a mobile app allowing customers to access scallop provenance starting this November. 

“The big picture for us is to have consumers have more trust in the seafood they’re eating,”  Daniel McQuade, vice president of marketing at Raw Seafoods, told CoinDesk. “We’re trying to solve the fear of fish in both restaurants and markets.”

Conservationist group Oceana recently tested 400 seafood samples from 250 U.S. locations for authenticity. It found that 20 percent were mislabeled. Imported seafood, which makes up the total majority consumed in the U.S., may be more susceptible to mislabeling because of the potential to pass off fish and gain higher profits, McQuade said. 

Other participants in the Raw Seafoods project include Santa Monica Seafoods, a seafood distributor, and restaurants like TAPS Fish House and Brewery in Orange County, CA, and Santa Monica Seafoods Market & Cafes. Since its launch in Oct. 2018, IBM Food Trust has signed up 170 companies for its blockchain and conducted some 17 million transactions, said Suzanne Livingston, offering director for IBM Food Trust.

Fishing ships are required by law to record when they make trips, how many pounds they land, and when they return to port, making distributed database technology a natural fit. The IBM Food Trust system also allows Raw Seafoods to buy product directly from fishers as opposed to from auctions or depots. Fishers can send images and videos  along with the data for customers to see when the seafood plant’s app launches. 

McQuade hopes the system will also help fisheries manage their scallop stocks more effectively, matching up supply and demand.

He said: 

“The government says this boat can go out only so many days a year and it can only go to certain areas. We know these stores are going to be very busy in November and December. We’ll actually go to the boat owner and say ‘hold onto some of your trips … versus you using all your trips in June and July.’”


Continue Reading


Samsung SDS Pilots Blockchain-Based Medical Insurance Network



Samsung SDS, an IT solution developer partially owned by the South Korean tech conglomerate, is expecting to roll out a blockchain-based medical claims processing system this month.

According to a CoinDesk Korea report on Wednesday, Yoon Shim, a vice president of Samsung SDS, said at the Blockchain Seoul 2019 event that the firm has been piloting the system since August this year. Samsung SDS is 22.6 percent owned by Samsung Electronics and 17.1 percent owned by Samsung C&T.

Yoon added that medical institutions and insurers have participated in the pilot to validate the effectiveness and the system will go live soon this month, based on another local news report.

The network being rolled out aims to simplify a now complex process, in which a patient gets a receipt for services rendered and submits the documents to the insurance company, which must then verify their accuracy before claims are paid.

The company says that even though most Koreans are well insured and should have no out-of-pocket expenses, they will often not file claims because of the complicated procedures.

In the new “blockchain healthcare network,” hospitals, pharmacies, insurers and other companies in the sector will be linked. When the system is operational, users will receive a message on the KakaoTalk messenger after treatment. They can then press a receipt button and an insurance claim button, after which their information is sent to the insurer.

Blockchain technology is used for the sharing of personal medical information. Samsung SDS believes that the network will reduce the workload at medical institutions, shorten wait times for claims processing and reduce the cost of processing medical claims by up to 70 percent.

In June, Samsung SDS said that it had already signed a number of major hospitals to the blockchain healthcare network. The list includes Samsung Hospital, Severance Hospital and Korea University Medical Center, while discussions were ongoing with other institutions. The company said at the time that the new system would be rolled out in August 2019.

The network is being built on Nexledger, an enterprise blockchain platform originally developed in 2017. Samsung SDS says Nexledger is being used in the implementation of 110 blockchain projects and holds 51 patents.


Continue Reading