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First MultiChain Partners Announced

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Introducing our partner program for blockchain developers

It’s our pleasure to launch the MultiChain Platform Partner Program, starting with 13 member companies from Europe, Asia and North America. The program facilitates our working relationship with the growing number of consultants and integrators building blockchain solutions on the MultiChain platform.

The initial list of members includes three large multinational solution providers: Accenture, D+H and Mphasis. These are joined by ten more companies, most of which specialize in blockchain application development: ANX International, Cubichain Technologies, DXMarkets, Hashcove, KrypC Technologies, Lexington Innovations, Motivian, regio iT, SettleMint and Vanbex Group.

Members of the program have knowledge and experience working with MultiChain, and enjoy a direct line to our team for prioritized assistance and problem resolution. In addition, they gain early access to selected MultiChain releases and can use MultiChain branding in their marketing materials. Best of all, they are promoted through the MultiChain website, which now receives over 20,000 visitors per month (still growing fast!)

So if you’re looking to implement a blockchain project, we recommend talking to these partners – a detailed list with descriptions and locations is available here. And if you’re a MultiChain solution developer and wish to join the program, please don’t hesitate to get in touch. Below is the full text of today’s press release:


October 27, 2016 – Coin Sciences Ltd is today launching the MultiChain Platform Partner Program, with the initial participation of 13 members from Europe, Asia and North America. The program is designed to facilitate our deepening relationship with the growing number of IT consulting companies and blockchain solution providers building on the MultiChain platform.

Companies participating in the MultiChain Platform Partner Program launch include three large multinational solution providers: Accenture, D+H and Mphasis. These are joined by ten more companies, most of which specialize in blockchain application development: ANX International, Cubichain Technologies, DXMarkets, Hashcove, KrypC Technologies, Lexington Innovations, Motivian, regio iT, SettleMint and Vanbex Group. A full list of participants with descriptions and locations is now available at: http://www.multichain.com/platform-partners/

MultiChain is a popular private blockchain solution, currently available as a free download for Linux and Windows. It provides a comprehensive set of features for developing and deploying blockchain applications, including permissions management, native assets, data streams and simple per-chain configuration. MultiChain extends the bitcoin protocol and Bitcoin Core APIs, making it compatible with a vast range of tools and open source code built for bitcoin, including software libraries, online explorers, mobile wallets and hardware security devices.

Members of the Platform Partner Program enjoy a close working relationship with the MultiChain engineering team, prioritized problem reporting and resolution, and early access to selected MultiChain releases. In addition, partners are promoted through the MultiChain website, which now receives over 20,000 visitors per month, and can use MultiChain branding in their own materials.

“In the past year, MultiChain has grown rapidly in usage, providing the core of blockchain projects by dozens of integrators and solution providers,” said Dr Gideon Greenspan, CEO and Founder of Coin Sciences Ltd. “This includes several companies who have built an entire toolset and application suite on the platform. The MultiChain Platform Partner Program allows us to formalize our relationship with these companies, offering them both marketing exposure and deep technical assistance.”

“We’ve been working with MultiChain for nearly two years, and have seen the platform evolve rapidly to adapt to clients’ needs, including everything from building proofs-of-concept to supporting pilot projects,” said David Treat, managing director and head of Accenture’s Financial Services blockchain practice. “MultiChain is a simple, powerful, well-documented platform that makes it easier to start a blockchain-based project. We’re pleased to work with them in the development process and in bringing blockchain-based innovations to market, particularly in financial services.”

“MultiChain is a simplified blockchain platform, which makes it extremely easy to start a permissioned blockchain-based project and build multiple use cases between organizations,” said Nitin Narkhede, Vice President and Head of the Blockchain Centre of Excellence at Mphasis. “Mphasis is glad to be associated with MultiChain in the development process and bring pilots and full-scale blockchain-based implementations to the market, especially in financial services.”

“MultiChain is the most stable and reliable blockchain software product that has been purposely-built for an enterprise environment,” said Marcelo Garcia Casil, Co-Founder and CEO of DXMarkets. “We have used it for more than a year now in a number of projects with great success.”

 

Please post any comments on LinkedIn.

 

Source: https://www.multichain.com/blog/2016/10/first-multichain-partners-announced/

Blockchain

Ripple CEO Brad Garlinghouse Explains Why CBDCs Don’t Threaten XRP

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Ripple CEO Brad Garlinghouse Explains Why CBDCs Don't Threaten XRP

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In a recent tweet, Ripple CEO Brad Garlinghouse continues to bolster the opinion that digital assets like XRP aren’t threatened by Central Bank Digital Currencies (CBDCs), but rather, convinced that XRP would be that bridge amongst different CBDCs.

XRP, The Facilitator

Brad Garlinghouse of Ripple some few hours ago further buttressed the point highlighted in the Ripple Insight’s latest newsletter that CBDC is one thing, interoperability amongst different CBDCs is another. And if any project isn’t thinking of how these various projects will work together, it’s just basically “re-building the same siloed system.”

Many countries and their central governments are looking into issuing central bank digital currencies for its citizens. China seems to be leading the pack as it reported that it could launch its sovereign digital currency later this year.

In the U.K. earlier this year, Sarah John, Bank of England’s Cheif Cashier, had said that there’s a need for central banks around the world to start talking about central bank digital currencies. She says this is a “crucial” need.

In another speech, the Bank of England’s governor, Andrew Bailey, said that CBDCs are beneficial.

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With all these talks and plans ongoing in several parts of the globe, Brad Garlighhouse is optimistic that RippleNet’s On-Demand Liquidity service, which uses the XRP digital asset, will be a bridge amongst these currencies as it provides real-time transactions across multiple global markets.

Most Americans Don’t Like The CBDC Idea

Having a CBDC may be a good cause, but Americans don’t seem to like the idea of a “digital dollar.”

A survey carried out by Genesis mining shows that out of 400 participants, just 25% nods to a digital dollar idea. The rest associate digital currencies of any kind to be a medium for criminal activities and do not think it should replace paper notes.


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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/ripple-ceo-brad-garlinghouse-explains-why-cbdcs-dont-threaten-xrp/

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Bitcoin Always Online In Venezuela: Launched The First Satellite Node In Collaboration With Blockstream

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Bitcoiners in Venezuela don’t need the internet to send some Satoshis. Today, the crypto payments startup Cryptobuyer announced the successful launch of the first Bitcoin satellite node thanks to a collaboration between Cryptobuyer, Blockstream, and a team led by a crypto enthusiast named Aníbal Garrido.

The initiative allows interacting with the Bitcoin blockchain without the need of an internet connection. A satellite antenna installed in Venezuela is in charge of the communication between the node and the blockchain.

How the Satellite Node Works

This novel solution allows the Venezuelan node to process information in real-time completely off-line. Thus, the normal functioning of the network in case of connectivity failure (something widespread in the country) is guaranteed. It also facilitates the use of cryptocurrencies in remote places where internet service is scarce, expensive, or even non-existent.

The project works as follows: Blockstream contracts a number of satellites to provide the communication service between the nodes and the blockchain. Cryptobuyer bought the necessary equipment to receive the signal and connect to the satellite, and Anibal Garrido and his team were in charge of assembling the antennas and making the required adjustments.

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For Alvaro Perez, a software programmer from Valencia City who helped set up the whole infrastructure, the node’s synchronization was an inspiring moment. In statements compiled by Cryptobuyer on an official blog post, the expert says that the operation was a “great achievement.”

“We downloaded the whole Bitcoin blockchain and successfully carried out the first transaction through a Bitcoin satellite node in our country on September 23, from the city of Valencia (…) We received bitcoin through the satellite connection without any internet connection. It was a moment of great achievement.”

The journey is just beginning for Bitcoiners in Venezuela

This would be the first of three antennas that Cryptobuyer plans to deploy to cover the country’s most critical areas. The remaining two will be placed in the country’s capital, Caracas, in the north of Venezuela, and Puerto Ordaz, an industrial city located south of the country.

Later on, they plan to deploy a large number of small devices that will serve as a sort of repeater antenna to create a sizeable mesh-type network that will facilitate transactions in Bitcoin even far away from the primary antenna.

Now there’s no excuse to start using some satoshis in the country. Venezuela keeps proving that it has plenty of reasons to be on the podium of the three countries with the most adoption of Bitcoin around the world.

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Source: https://cryptopotato.com/bitcoin-always-online-in-venezuela-launched-the-first-satellite-node-in-collaboration-with-blockstream/

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KuCoin’s CEO: The $150 Million Hack Is “Small” For KuCoin, Insurance Will Cover

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In a dedicated live stream, KuCoin’s CEO noted that although why he cannot reveal how much of the company’s total assets were affected during the hack, the stolen fund amount is “small for KuCoin.” The exchange will cover all the losses with its insurance fund.

  • The company first noticed the abnormalities at 2:51 AM, Sept 26, when it received an alert from its internal risk-monitoring system. More alerts followed, indicating abnormal transfers from the hot wallet.
    kucoin_ceo_lyu-min
    KuCoin’s CEO Johnny Lyu. Source: YouTube
  • At 3:01 AM, the exchange received an alert about its remaining balance from the monitoring system. Three minutes later, more alerts came in showing abnormal XRP withdrawal, which was followed by another alert that the company’s hot wallet is “running out of balance.”
  • Subsequent alerts between 3:05 AM and 3:40 AM showed abnormal BTC withdrawal alongside other tokens.
  • While the abnormal withdrawals were ongoing, the company set up an urgent task force and then shut down its wallet servers. However, the shut down did not do much to stop the hackers as the abnormal transfers continued.
  • At this point, KuCoin realized that the private keys of its hot wallet had leaked. The company then started moving the remaining balance in its hot wallet to cold storage at 4:20 AM. The process took about 30 minutes to complete.
  • Lyu said the exchange would publish the addresses used by the hackers on its official channels. An earlier report on the hack shows that the Ethereum address supposedly used for the operation contained over $150 million in ETH and ERC-20 tokens.
  • KuCoin is now in contact and working with the international police, its largest clients, and industry experts for an in-depth investigation into the incident.
  • The CEO also said they had asked most crypto exchanges, including Binance, Bitfinex, OKEx, BitMEX, and Houbi Global, to blacklist the hackers’ wallet address and assist with the investigation.
  • The crypto community was quick to swing into action to assist KuCoin in its request. Bitfinex CTO Paolo Ardoino said they have already frozen 13 million USDT on EOS that was part of the hack, while Tether froze the 20m USDT on Ethereum in the ETH address used for the hack.
  • While trading services are still available, withdrawals and deposits will remain closed until the exchange completes its wallet upgrade.
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Source: https://cryptopotato.com/kucoins-ceo-the-150-million-hack-is-small-for-kucoin-insurance-will-cover/

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