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.
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.
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.
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.
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.
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.
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)?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.