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At a panel at De/Centralize 2018, issues affecting the blockchain industry, such as raising capital and building a community, were discussed.

Over the past couple of years, capital has flowed into blockchain startups and Initial Coin Offerings (ICOs) faster than bordeaux at a wine-tasting event; and despite recent knocks to cryptocurrency’s value and scares over its security and legality in recent months, the tech ecosystem’s appetite for cryptocurrency and its underlying blockchain technology remains strong.

​In Singapore, stakeholders in the ecosystem are warming up to the idea that blockchain is here to stay, but there remain many challenges.

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Who are the movers and shakers in Singapore’s tech scene? One way to judge – although imperfect – would be the amount of money they have raised. Using Tech in Asia’s data, we’ve generated this constantly updated list of 50 startups and tech companies in Singapore who have raised the most money from investors in the past two years

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Decentralized Database-as-a-Service provider and leading Chinese blockchain’s strategic relationship to further accelerate Asian blockchain adoption.

Blockchain-based database provider Bluzelle today announced that it had received US$1M from NEO Global Capital, the investment arm of China’s leading blockchain platform – cementing a strategic partnership between the companies.

This contribution adds to the global partnerships Bluzelle has been putting together, including: Global Brain (Japan), Hashed (Korea), Kryptonite 1 (UK), True Global Ventures (Europe).

“We have long admired Bluzelle’s ambition to become the Oracle of decentralized Database-as-a-Service (DDaaS), and we see their technology as being an integral part of the NEO ecosystem,” commented Roger Lim, Partner in NEO Global Capital.

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The decentralized internet is growing fast and for it to continue that growth like the internet before, it needs a range of specialist products and services to provide the foundation for that to happen.

Forgetting cryptocurrencies for a second, the real activity that is interesting most people within blockchain technology is the number of developers currently building decentralized applications (dApps) on platforms such as Ethereum.

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Last year, Accenture reported that large organizations spend an average of $11.7 million on cybersecurity and that data breaches increased by 27.4% in 2017. Between 2015 and 2017, the costs of information loss alone rose from 35% to 43% of expenses. Although companies are increasingly aware of security risks and are directing funds to improving their systems, their security budgets are sometimes wildly off the mark. According to Accenture, they're also less effective and efficient than they might be.

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They generated the amount after putting 165 million tokens for sale within 24 hours.

Decentralized database provider Bluzelle closed its three-day Initial Coin Offering (ICO) in January with $19.5 million in fresh funding.

Bluzelle's ICO veered away from "Fear of Missing Out" or FOMO tactics and instead gave buyers 24 hours to purchase the 165 million tokens made available for sale.

Read more »

The decentralized internet is a true work-in-progress. As concern about the availability of personal data on traditional channels grows, it is inspiring more people to flock to this nascent decentralized branch of the web. Companies and developers are working to build the basic services to make it practical and useful. But decentralized apps (abbreviated as dapps, pronounced “dee-apps”) are currently extremely slow, and functionality is hit-or-miss. Bluzelle, a company who raised $19.5 million in a recent ICO, is hoping to solve the problem through decentralized databases.

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At Token2049, we got the chance to interview Pavel Bains, CEO, and co-founder of Bluzelle. Bluzelle has been trending in the recent past for their successful $19.5 million ICO. They’re building a decentralized database for blockchain applications and what stands out about Bluzelle is their stellar set of team and advisors.

In this interview, we asked Pavel about what goes into setting up a great team like the one at Bluzelle, how to go about hiring top talent in the lead up to an ICO and the future of ICOs as a fundraising method.

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At this year’s Neo DevCon, we had the pleasure of sitting down with Pavel Bains, CEO of Bluzelle.  The interview occurred at a time when Bluzelle was just coming out of its ICO and getting listed on major exchanges.

Most of the conversation was dedicated to fleshing out details of this new technology, especially the niche it fills in a budding blockchain ecosystem of cloud-based, decentralized platforms.

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JD.com,  one of China’s largest e-commerce companies, is launching a new Beijing-based accelerator program for artificial intelligence and blockchain startups. Called AI Catapult, its first batch includes six companies: Bankorus, CanYa, Bluzelle, Nuggets, Republic Protocol and Devery.

In an announcement, JD.com said startups will work with its operational teams to “test real-world applications of their technologies at scale.” This includes its logistics unit, which recently raised $2.5 billion and claims to run the largest last-mile logistics network in China.

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 Bluzelle, the decentralized, on-demand, scalable data storage and management service for decentralized applications (dApps), has been chosen by Chinese internet behemoth JD.com to join its new AI Catapult Accelerator (AICA) for AI and blockchain startups.

“We are thrilled to join JD.com in this important venture,” said Bluzelle CEO, Pavel Bains. “It offers an opportunity for Bluzelle to leverage JD’s immense network as well as its industry expertise as we develop our game-changing service for the blockchain-powered internet.”

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Bluzelle recently finished up a very successful Initial Coin Offering, raising $19.5 million. This capital will allow them to start making moves in the space, where data storage for dApps (decentralized applications) is becoming all the more important as dApps begin to launch their platforms. With an estimated 20 billion connected devices for the Internet of Things (IoT) by 2020, there is going to be a large demand for data storage that currently isn’t there.

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Decentralized database provider, Bluzelle who is making it easier for enterprises and dApp developers to pull data for websites and applications from databases stored in a decentralized network announced its first wave of key collaborations. While companies such as Filecoin and Storj, are already working on decentralized file storage, Bluzelle is creating a network of decentralized online databases.

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Bluzelle, which completed its $19.5 million initial coin offering (ICO) on February 2, is an Ethereum-based blockchain platform aiming to evolve into the decentralized web for websites and applications.

In previous years, since 2016, several blockchain projects like Maidsafe have tried to materialize the decentralized web and an ecosystem for decentralized applications. However, the vast majority of these blockchain projects have struggled to demonstrate any commercial success, and struggled to appeal to developers.

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Blockchain-based database provider Bluzelle, has announced that its cryptographic token BLZ has been listed by the Huobi.pro crypto exchange. The new listing follows the addition of BLZ to the Binance cryptocurrency exchange earlier this month.

Bluzelle provides a decentralized, on-demand, scalable data storage and management service for decentralized applications that some have called the ‘Oracle for dApps’. The team is comprised of media and technology professionals who have worked with global companies, including Google, IBM, HSBC, Disney, Microsoft and others. Bluzelle’s engineering team is experienced in Machine Learning, AI, Cognitive Science, Blockchain, Fintech and Cybersecurity.

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Blockchain-based database provider Bluzelle, has announced that its cryptographic token BLZ has been listed by Huobi.pro, one of the world’s leading crypto exchanges. The new listing follows the addition of BLZ to Binance, the world’s fastest-growing cryptocurrency exchange, earlier this month.
 
Bluzelle provides a decentralized, on-demand, scalable data storage and management service for decentralized applications (dApps) that some have called “the Oracle for dApps.”

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The Bluzelle team knows how to get the ball rolling.

Publishing one of the most sleek and professional Whitepapers of 2017, coordinating a deafeningly hyped initial coin offering, and launching straight onto Binance exchange, Bluzelle from the outset just seems like every early-investors dream come true.

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The advancement of the blockchain technology has led to a radical change in the way data is exchanged through decentralised apps. One after the other, the audience has witnessed the arrival of decentralised apps each claiming to offer something better than the previous one. Newer platforms and technologies have been developed to offer to the consumers a more scalable, faster, and reliable service.

In this speed of development, Bluzelle has come forward with a claim of offering solution to the one problem being faced by the presently operating blockchain platforms—lack of space.

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Many decentralized file storage blockchain solutions have come to the market. To date no company has set out to create a solution for the decentralized database problem. As the use of decentralized applications or dApps grows on the Ethereum ecosystem the need for an appropriate decentralized database provider is long overdue. Bluzelle positions itself as a marketplace for data storage and management in the sharing economy.

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Bluzelle wants to set a new standard for data storage and management.  As blockchain is laying the brickwork for a new online, decentralized infrastructure, centralized technology won’t be sufficient enough to support this new-age experience.  At least Bluzelle thinks so, and its team is doing its part to help build towards this future.

They envision that Bluzelle’s decentralized database will set a new standard for the new internet. With Bluzelle, developers and consumers can store data for their applications on its distributed network, offering a more flexible and secure model than current services.  Although its target is data storage, its actually not competing with Siacoin or Filecoin, though it’s easy to think so at first glance.  In theory, Bluzelle would work alongside programs like Sia, Substratum, iExec, and Golem to create the next generation internet.

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Bluzelle wants to combine the best of the sharing economy with the token economy. Anyone can rent out excess computer storage space while dApp (decentralized application) developers can use this space to store and manage their applications’ data. Centralized cloud-based databases won’t cut it for dApps because of major scaling issues. If Bluzelle succeeds, its technology has the potential to disrupt data storage leaders like Dropbox & Google.

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They generated the amount after putting 165 million tokens for sale within 24 hours.

Decentralized database provider Bluzelle closed its three-day Initial Coin Offering (ICO) in January with $19.5 million in fresh funding.

Bluzelle's ICO veered away from "Fear of Missing Out" or FOMO tactics and instead gave buyers 24 hours to purchase the 165 million tokens made available for sale.

Read more »

There's a gap in the vision for the decentralized internet.

At least that's according to Bluzelle, which recently raised $19.5 million in an initial coin offering (ICO) aimed at creating a network of decentralized online databases.

While several companies, including Filecoin and Storj, are already working on decentralized file storage, Bluzelle is targeting the databases that keep data quickly and easily accessible for websites and applications to pull from.

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Today we talk with Pavel Bains from Bluzelle. Bluzelle combines the sharing economy with the token economy – renting individuals’ computer storage space to earn tokens while dApp developers use tokens to have their dApp’s data stored and managed.

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Pavel Bains is the CEO of Bluzelle - a leading blockchain technology company based in Asia. Pavel is a World Economic Forum Tech Pioneer. Pavel is an expert in digital media having worked with Disney, Microsoft, Warners Bros, DreamWorks. Pavel is also a frequent contributor to Forbes, Huffington Post and Fast Company, writing articles in the areas of finance and digital media.

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Singapore-based decentralised database provider Bluzelle has announced that its initial coin offering (ICO) has raised $19.5 million in funding, according to a press statement. It previously raised a $1.5 million Series A funding round in August 2017 from Global Brain, LUN Partners Capital and True Global Ventures. The company is developing a decentralized database to address blockchain storage challenges.

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Another notable company has used cryptocurrency to unlock their next stage of funding.

Vancouver-based Bluzelle has closed its Initial Coin Offering (ICO) and raised $19.5 million in total. The funding will go towards developing their decentralized database technology and fill the missing pieces involved in building a decentralized internet.

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About half a year after it raised a US$1.5 million Series A round, Singapore-based blockchain startup Bluzelle has scooped a whopping US$19.5 million in funding — this time, in an Initial Coin Offering (ICO).

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Bluzelle, the decentralized database provider, has closed its Initial Coin Offering (ICO) having raised $19.5m in order to develop its decentralized database technology and fill the missing piece in the decentralized internet. The sale was unlike "FOMO ICOs" where buyers are given little time to get their orders in and "Fear Of Missing Out" tactics are used to ensure a mad dash to sell out. Instead, buyers were assembled into groups and given 24 hours to make their purchases.

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Pavel Bains of Bluzelle is watching the changes in cryptocurrency prices to see the effect on business models using blockchain.

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2017 was the year when blockchain technology burst into the public consciousness. Even beyond the truly startling rise of cryptocurrencies, we became aware of how a range of markets could be transformed by applications built on the technology.

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Billionaire investor Warren Buffett has joined a long line of influential voices from the traditional financial world pouring cold water on increasing enthusiasm for the new — and booming — asset class of cryptocurrencies.

"In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," the chairman and CEO of Berkshire Hathaway said last week.

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The start of 2018 brought the news of two major computing vulnerabilities that affect the vast majority of devices on earth. These include smartphones, tablets, laptops, desktops, and most ominously, servers. These vulnerability nightmares also expose the truth that the world’s computing policy needs to be urgently and radically transformed. The world needs to look for a decentralized solution for safe data storage and management.

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The cryptocurrency market is on fire at the moment. There are too many promising ICOs anticipated during the first half of 2018 to keep up with. Massive amounts of institutional investment money is expected to flow into the cryptocurrency space this year. The overall crypto market cap is around USD $800 billion today. Breaking the $1 trillion threshold is just around the corner.

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Today's podcast guest is Pavel Bains the CEO of Bluzelle . We speak to Pavel about Bluzelle's upcoming ICO and how it is being received by the crypto community!

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Amidst the diverse themes marking the ICO space in 2017, a central one was the emergence of solutions to the core technological challenges of the decentralized internet, frequently known as web 3.0. Nearly $350 million dollars have been contributed to the ICOs of companies building core infrastructure for the decentralized web, illustrating market enthusiasm for this subject. Bluzelle promises to contribute another core element of the web 3.0 stack: high-speed, distributed database management where users can upload, read, edit and delete structured data encrypted and sharded throughout a network of contributors.

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Singapore had a great year 2017 with local startups expanding globally, additional supports from the government and several initiatives being launched to foster development and boost the sector.

2018 promises to be an even more exciting year for fintech in Singapore as numerous startups prepare to tap into new markets, expand their offerings and grow into potential regional leaders.

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2017 was the year when blockchain technology burst into the public consciousness. Even beyond the truly startling rise of cryptocurrencies, we became aware of how a range of markets could be transformed by applications built on the technology.

Read more »

Start-ups, particularly those in the blockchain space, face a fundraising dilemma: To VC or not to VC? Should founders seek venture capital from a narrow group of investors to launch their businesses? Or should they issue their own cryptocurrencies and ask the decentralized “crowd” to fund their enterprises in an Initial Coin Offering (ICO)?

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Up until a few weeks ago, I had not heard of this up and coming project in the cryptocurrency space either. Bluzelle is a decentralized database service for DApps. They’re goal is to the decentralized version of Oracle, the Database as a Service (DBaaS) and $207 billion company by market capitalization.

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Blockchain-based database provider Bluzelle announced today that they have made further appointments to their advisory board. Alex Leverington, Ryan Fugger, Brian Lio, Matt Chwierut, Antoine Cote, Lionello Lunesu and Dr. Michael Egorov will join the company Board of Advisors.

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The decentralized internet is growing fast and for it to continue that growth like the internet before, it needs a range of specialist products and services to provide the foundation for that to happen.

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One of Bitcoin’s greatest successes has been to show how a network of individuals can exchange value without the need for a central authority. When you consider the implications of projecting the same underlying technology, blockchain, onto the complex web of underwriters, insurers, MGAs, affiliates and brokers that make up the insurance industry, you start to see how disruptive it might be.

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There is no doubt that in the current global economy, blockchain is the future of finance, with bitcoin and ethereum looking to overhaul dated money systems.

Organizations at all levels are leveraging the power of blockchain to improve management of their assets on the Internet. Blockchain technology is not just disrupting finance, it is also revolutionizing the voting process, influencing the music industry and aiding crowdfunding platforms, to name just a few.

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區塊鏈發展至今,從金融到各種產業的運用甚多,現在也將進一步在大數據及雲端運算產業帶來破壞式創新,無論企業或消費者將能在以區塊鏈技術為基礎的分散式雲端網路安全地存取數據。

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At Devcon last week, Vitalik Buterin presented a proposal to deal with the massive problem of scaling facing the network as adoption of Ethereum and the smart contracts system it supports gains increasing market share. His “modest proposal” for Ethereum’s future was timely and exciting.

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The announcement by Vitalik Buterin on November 2 at Devcon3 regarding his “modest proposal” for Ethereum’s future was timely and exciting. Neeraj Muraka CTO of Bluzelle comments on the Vitalik’s multi-year vision for Ethereum.

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They say that history repeats itself and in the case of the decentralized internet at the moment, that might well be the case.

For while there has been rapid blockchain innovation and frenetic activity in the area of decentralized storage, a problem that earlier digital pioneers encountered seems to blocking progress once again.

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It may only be in its infancy, but the seeds are now being sown for blockchain to provide a more transparent and independent alternative to contemporary ad exchange platforms, argues Bluzelle's Pavel Bains

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Bluzelle, a decentralized database service for dApps, has been recognized as a leading blockchain provider by Forrester Research in its report ‘Vendor Landscape: Blockchain Technology Providers In Asia Pacific’ October 2017.

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The report cites Bluzelle in both the infrastructure for general-purpose and software for on-premises deployment categories, stating it delivers value that traditional approaches can’t achieve.

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In advance of its upcoming token sale, decentralised database services provider Bluzelle has added investment and technology pioneers Gil Penchina, Brian Fox and Prashant Malik to its advisory board.

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Bluzelle has added some heavy hitters to round out their advisory board.

The Vancouver-based decentralized database service provider has announced three new additions to their advisory board ahead of an upcoming token sale. Gil Penchina, Brian Fox and Prashant Malik will join Bluzelle.

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When the Bank of Canada and payments giant Moneris last spring threw cold water on a blockchain trial as a potential clearance system, Canadian startups could have been forgiven for feeling deflated.

But Canadian blockchain entrepreneurs might have cause for renewed optimism with the emergence of potential applications in a range of industries – beyond such cryptocurrencies as Bitcoin — as well as new investment vehicles.

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On Tuesday morning, Bluzelle CEO, Pavel Bains, was talking on CNBC Asia about the Equifax Breach that exposed 143M personal data in US, and how a decentralized database could better prevent this.

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Global Brain, one of Japan’s largest venture capital firms, is doubling down on the blockchain industry with a new entity that will conduct research and participate in ‘initial coin offerings’ or ICOs – a type of blockchain-based crowdfunding that was recently banned in China.

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China has just banned ICOs in the country. Bluzelle CEO, Pavel Bains, was brought in to talk about it. He said it was the right direction in making people become educated on projects and gives credence to proper businesses.

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在这个互联网时代,有两类人。A类人依旧为互联网的发展是好是坏而争论不休,犹豫茫然,而B类人早已搭上“区块链”这趟列车一路向前,因为B类人洞悉了当前互联网环境下,“中心化”技术潜藏着诸多问题与挑战,比如安全威胁,扩展受限,隐私侵犯等等;所以B类人期待着“去中心化”的区块链技术推动着“新互联网”时代的到来。

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Singapore-based blockchain solutions provider Bluzelle has closed a $1.5 million Series A round with participation from Global Brain, LUN Partners Capital and True Global Ventures.

Investment proceeds will be used by the company to scale up the enterprise business, develop its decentralised database platform, and build its initial developer community.

The venture is developing a decentralised, on-demand database service that is low-cost, quick to deploy, and easily scalable. Bluzelle was recently appointed by the World Economic Forum as a Technology Pioneer for 2017 and named to the Global FinTech 100.

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Blockchain technology is such a buzzword that it’s hard to know what to pay attention to these days. A big bank is just as likely to be working with the tech as a small startup – but what that means in each case is sometimes open to interpretation.

Part of the problem is that the technology has so many potential applications. “The blockchain is a protocol, just like the internet is a communication protocol,” says Pavel Bains, co-founder and CEO of Singapore-based startup Bluzelle.

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Singapore-based blockchain startup Bluzelle has raised US$1.5 million in a Series A round participated by Global Brain, LUN Partners Capital and True Global Ventures.

Bluzelle will use the newly-raised financing to scale up the company’s enterprise business, develop its decentralised database platform, and build its initial developer community, said an official press release.

The startup is led by two Canadians: CEO and Co-founder Pavel Bains, and CTO and Co-founder Neeraj Murarka.

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A May 2016 Deloitte report entitled “Out of the Blocks” reveals 43% of respondents are still at the learning stages of their blockchain journey, with 60% still looking at old fashioned uses like international money transfers. Enter Singapore-based fintech start-up Bluzelle.

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The World Economic Forum’s Technology Pioneers community are early-stage companies that are developing innovative solutions which can significantly impact business and society.

Past recipients include some of the industry’s biggest tech giants such as Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Scribd, Spotify, Twitter and Wikimedia.

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It was a year ago that I moved my company, Bluzelle, to Singapore. We were just two people at the time, and today we’re six. But even though we’re still a small startup, it’s been an exciting 12 months, and we’ve made some surprising strides while adjusting to our new environment. Here’s what I’ve learned from the experience so far.

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Over the last 100 years, we have seen all innovation happen in cities. Cities are where people meet and exchange ideas, and opportunities in business emerge.

By 2050, it’s estimated almost 70% of the world population will be living in cities, more than double in 100 years. In absolute numbers, that is a growth of 850 million to 6.3 billion urbanites. In 15 years we will have 41 'megacities' (cities with populations of more than 10 million), a fourfold increase since 1990.

With all the power of growth and influence emanating from cities and not from farms and villages, our model of 'one country, one currency' is outdated.

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In spring 2014, after hearing about Bitcoin and wondering what it was all about I started reading everything I could on it. I was enamoured with the underlying technology and its beauty in mathematics, cryptography, AI and economics.

I saw all these ideas I had in my head five years earlier now at a point where this technology could make them happen. I used to wonder, how could that woman living in a village in India making saris make more money by sending it to my wife than going through so many intermediaries. That woman just wants to trust she gets paid, my wife wants to trust the product gets to her. Blockchain can eventually make that happen.

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Bluzelle Networks, a Singaporean company specializing in blockchain applications for the financial services industry, has been named as an Emerging Star in KPMG and H2 Ventures’ notorious Fintech 100 list. The company plans to tap into new markets with its partnership with KPMG Digital Village.

Headquartered in Singapore and with an office in Vancouver, Canada, Bluzelle provides blockchain-powered applications for banks and insurance companies to improve their business operations. It develops products for bank-to-bank payments, identity/KYC, hospitalization insurance, usage based insurance, mobile wallets, among other solutions.

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Blockchain isn't a household buzzword, like the cloud or the Internet of Things. It's not an in-your-face innovation you can see and touch as easily as a smartphone or a package from Amazon. But when it comes to our digital lives—every digital transaction; exchange of value, goods and services; or private data —blockchain is the answer to a question we've been asking since the dawn of the internet age: How can we collectively trust what happens online?

Every year we run more of our lives—more core functions of our governments, economies, and societies—on the internet. We do our banking online. We shop online. We log into apps and services that make up our digital selves and send information back and forth. Think of blockchain as a historical fabric underneath recording everything that happens exactly as it occurs. Then the chain stitches that data into encrypted blocks that can never be modified and scatters the pieces across a worldwide network.
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New payment technology is transforming financial systems by allowing direct bank-to-bank settlements in real time, even for international transfers.

This week, Deloitte presented a pioneer project at the Temenos Community Forum 2016 in Barcelona: full integration with the Ripple protocol and the Temenos Core Banking Software using the Bluzelle Altitude Gateway technology.

“There is an enormous potential for banks to leverage disruptive technologies to make their existing payment processes faster, cheaper, and more secure. Innovative financial institutions are aware of this and are looking for ways to integrate their core systems with disruptive technologies such as distributed ledgers or blockchain,” explained Patrick Laurent, Partner and Technology Leader at Deloitte

Deloitte is looking to combine core banking systems with Fintech to open the door for brand new opportunities, and brings the right players together to show the immense possibilities in this area. Deloitte worked on this pioneer integration project with Bluzelle—a licensed, software company based in Canada and Singapore—which builds blockchain and distributed ledger solutions for the financial industry.

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