We are delighted to announce that we have signed a partnership with Contentos, a blockchain startup aiming to develop a decentralized digital content ecosystem that empowers all members, including creators, consumers, and advertisers, to earn fair compensation for their contributions.

Currently, the platform ecosystem already hosts 3.46 million+ videos and 159 million+ live streams and has a global user base of 60 million+ and 1 million+ content creators. It is popular among game streamers (similar to Twitch game streams and YouTube game live-feed).

Potential for How Contentos Partnership will Benefits dApp Game Developers Using Harmony Protocol

“Harmony dApp games can come with Contentos integrated”

One of the future use cases in the partnership is by partnering with Contentos, developers building game on Harmony blockchain can integrate built-in streaming option which directly connects to Contentos platform. As a result, gamers using Harmony based dApp game could have an option to develop alternate sources of income by streaming their gameplay in Contentos and start earning revenue from Ads, paid subscriptions or tips (donations) from viewers.

Given the widespread viewer/gamer base in Contentos, as a result of the stream, dApp games get wide visibility and potential distribution option through the platform. Today many dApp game developers struggle to promote their games to the right audience, a targeted persona (dApp user) which can be attracted and sustained as ‘early adopter’. With Contentos integrated, Harmony dApp developers can now easily find streamers (influencer for games in Contentos platform) to promote their games to the dApp users and quickly gain early users.

Alok, Co-founder of Harmony said,

“Being able to provide a scalable environment for dApp developers to build applications on Harmony and to have that application be distributed to millions of audiences through contentos is very exciting for product creators.”

Live Streaming and Market Size

People who live stream their video game play, either as a hobby or profession, are known as streamers. The practice became popular in the mid-2010s on sites such as Twitch and later, YouTube. By 2014, Twitch streams had more traffic than HBO’s online service.

Professional streamers often combine gameplay with highly knowledgeable or dextrous play and entertaining commentary, and earn income from sponsors or Ads, subscriptions, and donations.

A streamer can earn around yearly US$100,000 to US$300,000. An October 2017 report from SuperData Research estimated that more people subscribed to video game streams on YouTube and Twitch.tv than for all of HBO, Netflix, ESPN, and Hulu, combined.

Home video game consoles, such as the PlayStation 4 and Xbox One, contain built-in streaming and optional camera integration. Home computers use software such as Open Broadcaster Software or XSplit to upload a live stream to Twitch’s servers.

The live streaming industry is now worth $10.1 billion and is expected to increase by an additional $3 billion in 2019. (Source: Streamlabs).

Twitch still remains the most popular streaming platform among gamers and continues to grow at a considerable rate, enjoying a 23% increase in active streamers from 1.37 million to 1.53 million quarter-over-quarter.

Contentos CEO Mick commented,

“We’re excited about this partnership. The best way to grow as an ecosystem is by bringing scalable and engaging apps on to the Contentos platform. We believe the Harmony team will be able to bring those apps into our ecosystem.”

Why Streamers Choose Contentos

Today the popularity of the internet and traffic generated by billions of global users have led to the rise of internet giants such as Facebook, YouTube, and Twitter. These corporations control the access and wide visibility or distribution of digital content. This begs the question of just how much freedom of expression is actually allowable.

Though enormous advertising earnings are generated through these centralized-content platforms, it has long suffered from unequal revenue distribution. Moreover, after deducting substantial commission, content creators are left with a small portion of the reward.

Blockchain technology creates a system where creators of content are able to sell content directly to buyers without the intervention of a centralized corporation.

Smart contracts for auto payment: When the viewer watches any video and if promoters advertisement gets featured in this content, the content creator gets automatically paid through the platform use of Harmony smart contracts.
Therefore, content creators don’t have to worry about late payment or inaccurate payouts. Additionally, all transactions are recorded on the blockchain as a public record, making the payment completely transparent.

Smart contracts can also facilitate additional compensation rules. For e.g. Bonus incentives paid by advertisers to creators when their content exceeds 10,000 views.

Engagement program: Creators can build engagement program with their followers such as viewers getting awarded with COS or Harmony tokens for sharing the content link in their social media account. This encourages wide distribution of content and enables creators to grow their following.

About Contentos

Contentos is a public blockchain project specifically designed and built for the global digital content industry. By leveraging blockchain technology, Contentos aims to resolve major challenges that centralized content platforms face today, such as content distribution, monetization, authentication, and copyright management. Contentos seeks to empower creators by monetizing their content and encouraging collaboration with advertisers, fans, and other creators as well as rewarding positive contributions to the community.

For more information about Contentos join telegram or twitter

About Harmony

Harmony is a fast and secure blockchain. Built by a team of engineers from Google, Apple, Amazon, Harvard and Stanford, Harmony helps businesses build marketplaces of fungible tokens (such as energy credits and loyalty points) and non-fungible assets (such as game collectibles and real estate). Harmony has a robust ecosystem building strategy focused on creating partnerships that drive the adoption of the protocol. At scale, Harmony helps businesses tokenize their assets and incentivize user engagement.

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A blockchain-powered platform built by IBM and Maersk and designed to facilitate international trade is to launch in Russia.

According to a June 6 news release from Maersk, the Danish shipping and logistics giant, agreement has been reached with Russian authorities for the TradeLens platform to operate in the country, starting with a pilot project alongside the country’s primary container gateway, the port of St. Petersburg.

TradeLens allows container logistics industry participants to have a shared view of shipping transaction data, with member firms acting as nodes to support the blockchain system. With the move into Russia, Maersk said the project aims to facilitate interactions between shippers and regulatory and administrative entities in the country, “ultimately increasing the speed of cargo clearance and movement of goods across borders.”

At the signing of a memorandum of understanding over the arrangement last week, Yuriy Tsvetkov, Russia’s deputy transport minister and head of Federal Maritime and River transport Agency, said:

“The main result of the implementation of TradeLens, according to our expectations, should be an increase in the transparency of the contracting procedure by distributing information about supply and demand, conditions and operations between many participants of the transport and logistics processes.”

The agreement enables the entry of TradeLens into the Russian market, with the aim of introducing digital documentation flow in what are currently largely paper-based shipping industry processes.

TradeLens will bring “full transparency of cargo moves, while enabling seamless, secure sharing of real-time actionable supply chain information to all involved participants,” said Mike White, CEO and head of TradeLens for Maersk GTD.

While TradeLens had been struggling to pick up major shipping collaborators, partly due to the way the venture was set up to favor the founding firms, changes in the business structure have now seen two major carriers come aboard. The new additions are Mediterranean Shipping Company (MSC), the second largest after Maersk; and CMA-CGM, the fourth largest in terms of cargo carrying capacity.

Maersk said the platform now has more than 100 participants and is processing over “10 million discrete shipping events and thousands of documents each week.”

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On Tuesday (June 11), the team behind Binance's official non-custodial wallet app, Trust Wallet, announced that it had added support for Zilliqa (ZIL).

What Is Trust Wallet?

Trust Wallet, which was first released (for Android) on 25 October 2017, was acquired by Binance in July 2018. Originally it only supported Ether (ETH) and Ethereum tokens, but after it got acquired by Binance, support for other coins started to happen, and it turned into a multi cryptocurrency wallet. Trust Wallet also has an integrated full-featured Web3 browser (called "Trust Browser") that allows the user to interact with decentralized applications (DApps) directly from within the app.

Some of Trust Wallet's key features include:

• Ability to participate in any ERC20-based or ERC233-based initial coin offering (ICO) or airdrop. (Note that you can easily adjust gas price, gas limit, and data/message.)
• Fully audited by a leading security firm.
  
• Support for 32 blockchains—including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), XRP, Stellar (XLM), Litecoin (LTC), Ethereum Classic (ETC), TRON (TRX), Wanchain (WAN), Dash (DASH), ICON (ICX), EOS, , Kin (KIN), Nimiq (NIM), Aion (AION), Tezos (XTZ), Dogecoin (DOGE), Binance Chain (BNB), Cosmos (ATOM), and Qtum (QTUM)—as well as 20,000+ ERC20-compatible, ERC223-compatible, or ERC721-compatible Ethereum tokens (such as Basic Attention Token or Augur).
  
• Access to your wallet from various cold storage wallets, such as Ledger, Trezor, and KeepKey devices, without needing to reveal your private key via a "view-only" mode.
  

What Is Zilliqa?

Zilliqa is "a scalable, secure public blockchain platform." More importantly, it is one of the first public blockchain platforms that has already implemented sharding; on its testnet, Zilliqa has managed to achieve a throughput of over 2,828 transactions per second (TPS).

This is not Visa-level speed (around 24,000 TPS), but it is much faster than, say, Ethereum (20 TPS), Dash (48 TPS), Litecoin (56 TPS), and Bitcoin Cash (on average, up to 61 transactions per second). Zilliqa says that this kind of speed "enables new use cases that have high-throughput demands that were not previously possible on legacy public blockchain platforms."

What is interesting about Zilliqa's scalability is that "the throughput scales almost linearly as the number of nodes scales, ensuring that Zilliqa’s capacity can continue to grow to meet demand." This is known as linear scaling.

In case you are wondering where the name Zilliqa comes from, here is how "The Not-So-Short ZILLIQA Technical FAQ" explains it:

"ZILLIQA is a play on silica. Just as silicon powers the computing industry, the team hopes ZILLIQA
 will power the next generation of high-throughput applications."

Zilliqa uses Proof of Work (PoW) for "miner verification to prevent Sybil attacks" and Practical Byzantine Fault Tolerance (pBFT) for consensus. This gives Zilliqa "a far lower energy footprint" than legacy proof-of-work blockchains (such as Bitcoin and Litecoin). The Zilliqa team says that it might one day "replace PoW with a stake-based mechanism for Sybil resistance," but it would "still continue using pBFT as the underlying consensus protocol."

Support for Zilliqa in Trust Wallet

In a blog post published yesterday, the Trust Wallet team announced that they are now supporting Zilliqa (ZIL). They pointed out that Zilliqa is "the first public blockchain platform that implemented sharding - a technology that enables new use cases that have high-throughput demands that were not previously possible on legacy public blockchain platforms."

What is interesting about the timing of this announcement is that it comes just one day after Amrit Kumar, President and Chief Scientific Officer of blockchain startup Zilliqa, announced that smart contract functionality had gone live on the Zilliqa mainnet and explained why this was a big deal "not just for Zilliqa, but for the blockchain infrastructure industry as a whole."

Yaoqi Jia, the CTO of Zilliq, said:

“Given our commitment to end-to-end security, we are excited to partner with Trust Wallet. Their offering provides not only an accessible platform for traders, but also a secure and reliable storage options for mainnet ZILs.”

And Viktor Radchenko., Founder of Trust Wallet, had this to say:

“I am very excited to see Zilliqa integrate into Trust Wallet as the first sharding enabled blockchain platform in production that could potentially scale to support real world use cases."

Over on Zilliqa's blog, Aparna Narayanan pointed out something very interesting about Trust Wallet:

"This will be the first time they are supporting Schnorr Signatures, having worked with the Zilliqa tech team to enable this feature."

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The former chief technology officer at 20th Century Fox Film Corporation, Hanno Basse, has joined Live Planet as the president of its Decentralized Media Solutions division, according to a press release on June 11.

According to the report, Basse is expected to work on the division’s blockchain-based video infrastructure platform, the VideoCoin Network, as well as its virtual reality (VR) streaming and publishing services.

Basse has contributed to a number of tech innovations that are now standard in modern media, such as HD, 3D, 4K-UHD Blu-ray Disc format, High Dynamic Range (HDR) technology for consumers and on-demand services, per the report.

Recently, a government-backed bank in Brazil was reported to be financing a documentary film using its own ether (ETH)-based stablecoin, BNDES token. The production of the documentary reportedly involves local cinema producer Elo Company, whose movie  “The Boy and the World” by Alê Abreu was nominated for an Oscar in 2016.

In April, the most-subscribed YouTuber, PewDiePie, confirmed his plans to start streaming on blockchain video platform DLive. Based on decentralized blockchain protocol Lino, DLive intends to grant rewards to content makers and viewers for their participation in content creation and consumption in the form of Lino tokens, which is the native crypto of the Lino blockchain.

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In less than three days (quicker than the son of God himself) crypto website CCN came back from the dead saying that ‘CryptoCoinsNews.com’, their previous domain – is reappearing in Google searches.

Just when we thought we’ll all gonna “Woodstock” against Google and march for journalist freedom in the name of the CCN – they surprised us again – or not.

This week began sadly for the crypto media community. One of the prominent members and websites CCN.com decided to shut their door and stop working thanks to Google Update.

What actually happened is that Google’s June 2019 broad core algorithm update was officially implemented on the 3rd of June. The update is part of a yearly routine by the SEO giants towards ensuring a flawless search engine optimization on their platform. With a major benefit of boosting traffic for already in-demand webpages and diminishing visitors’ influx on their “clickbait” pairs. Google had earlier stated, that it informs its clients about these changes beforehand as the process involves nothing but ’simple fixes’.

However, it seems that Google didn’t inform any of member of crypto community since we had CoinDesk dropping by 34.6%, CoinTelegraph by 21.1% and CCN by enormous 71%.

Its Founder, Jonas Borchgrevink said that while he doesn’t want to speculate whether or not this might have affected their site, he certainly hopes Google isn’t actively suppressing journalism.

He has also said that they haven’t been warned in any case:

”Give a three month’s notice to all webmasters, let alone news organizations, of any major Google Core Update and elaborate what it might affect.”

However, it seems that his tears fell on fertile ground because, in less than three days (may we remind you, that’s quicker than Jesus) they came back from the dead saying that ‘CryptoCoinsNews.com’, their previous domain- is reappearing in Google searches.

Borchgrevink said:

“That was a massive surprise for us as I personally requested a domain name change in 2017 from CryptoCoinsNews.com to CCN.com. Since that change, ‘Cryptocoinsnews.com’ was effectively absent on Google. Now it’s back and is inexplicably using recent 2019 articles from CCN.com. This is abrupt and confusing.”

He also added that whether or not the Google June 2019 Core Update is to blame, that they are fixing it.

“We’re receiving help from multiple SEO teams to understand what has transpired. There’s still a good chance that this won’t correct our visibility on Google overnight, but I’m hopeful we are on the right path to figuring it out.”

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Developers behind the cryptocurrency monero are ramping up efforts to keep specialized mining hardware from dominating its race for rewards.

Of the coins that have a strong privacy focus, monero – launched in 2014 – possesses the largest market capitalization by far with an estimated $1.5 billion valuation. The annual mining rewards generated by the now 5-year-old blockchain total roughly $62 million, according to data site Messari.

But such rewards appear to be increasingly falling into the hands of ASIC operators, nudging out smaller, independent or hobbyist participants. To keep an even playing field, monero developers have conducted regular hard forks to stave off ASICs – but analysis suggests that this approach has proven ineffective as of late and that ASICs are keeping ahead of such efforts.

“ASIC manufacturers can make equipment far faster than we expected,” said monero contributor Justin Ehrenhofer. “It takes maybe a month for them to have chips designed and in production so they generally can still make a return on investment even within a six month period.”

Diego Salazar, another monero contributor, told CoinDesk:

“We [also] saw that this was very unsustainable. … It takes a lot to keep [hard forking] again and again for one. For two, it may decentralize mining but it centralizes in another area. It centralizes on the developers because now there’s a lot of trust in developers to keep hard forking.”

As such, monero developers are moving forward with activation of a new mining algorithm known as RandomX, designed to render ASICs non-competitive.

The new code is based off the work of Howard Chu – CTO and founder of computer software firm Symas Corporation – who also developed the database type the monero blockchain presently runs on. Four different audits of the RandomX code are now being completed for an expected code freeze date by July.

As it stands, the algorithm could go live in October.

“We’ve ultimately come to consensus in general that RandomX is what will be implemented. It’s our best shot to preserve monero as it was founded,”  said Ehrenhofer. “If this fails then monero will probably move to an ASIC-friendly algorithm.”

According to Salazar, RandomX is monero’s “last ditch effort to keep ASIC’s out.”

Putting CPUs at the fore

RandomX according to Chu is designed to be “CPU-centric.”

As opposed to application-specific integrated circuits (ASICs), central processing units (CPUs) are a type of computer hardware designed for multi-purpose use.

Calling it a “spectrum of computing power,” Salazar explained:

“On one end, where computers are a jack of all trades are the CPUs… On the other end, computers which does only one thing but extremely well are ASICs.”

CPU’s are the most widely distributed computing resource in the world, according to Chu.

“Practically everyone in the world now has a smart phone in their pocket with a CPU and memory that’s capable of mining RandomX,” highlighted Chu.

With maximum miner decentralization as the goal, Chu predicts that RandomX will preserve an advantageous lead favoring CPU miners over ASICs for at least the next three to five years.

Leaving GPUs behind

At the same time, estimates suggest the RandomX algorithm favors CPU miners over not only ASIC miners but GPU miners as well.

Graphics processing units (GPUs) are optimized for what Chu calls a “graphics workload which tends to be very sequential.”

“Data goes in at the head of the pipeline and you do some munching on it and it all spits out at the end of the pipeline,” Chu said. “The main emphasis there is fast transfers of data from the input to the output, pretty much in a straight line.”

For monero’s current mining algorithm, called CryptoNight, GPU miners take the lead over CPUs in terms of computation and energy efficiency. Originally, however, even CryptoNight was intended to boost CPU performance over other types of hardware.

“It’s really again kind of an accident of fate that [CryptoNight] turned out to work fairly well on GPUs. Nobody expected CryptoNight to be good on GPUs and it was anyways,” explained Chu. “The fact is today GPUs have so much memory and so much massive memory bandwidth that it’s not very much of an obstacle when it comes to CryptoNight, which was designed back in 2013 or so.”

Soon, with the activation of RandomX, Chu predicts CPUs to be “at least three times better than GPUs” at mining on the monero blockchain.

And while this has disgruntled “a very vocal but extremely small minority” of GPU miners, Ehrenhofer maintains that “people with GPUs can always either resell or repurpose their hardware.”

“If I have a monero ASIC, I don’t have that same economic option available,” said Ehrenhofer.

As such, despite the impact RandomX will have on not only ASIC miners but also GPU miners on the monero network, Ehrenhofer maintains:

“I’m not concerned about a community split here because RandomX is the closest algorithm that we can pick that retains a vast majority of monero’s ideals.”

Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a CPU-friendly mining algorithm like RandomX.

“The basic concern is there’s millions or hundreds of millions of computers that are out there that are poorly secured,” explained Chu. “It’s very easy for malware to invade these computers and take them over to do whatever a particular network operator wants to do.”

Such botnets, infected by malware, have always been somewhat of an issue on monero, according to Ehrenhofer.

“Monero is by far the most illicitly mined cryptocurrency at the moment and it has been for several years,” Ehrenhofer said. “RandomX does not prevent people from crypto-jacking and other nefarious versions of malware.”

Indeed, given that monero’s present mining algorithm – CryptoNight – has always favored CPU and GPU mining, Ehrenhofer notes that there are resources in place on the monero website and other related forums to help users who’s devices are impacted.

New partnerships

Even still, efforts to bootstrap RandomX have seen support from those outside of the community, particularly by other crypto projects that might make use of CPU-friendly mining algorithm.

Arweave, which raised a reported $8.7 million in an initial coin offering (ICO), is testing RandomX.

“An ASIC-resistant proof-of-work algorithm like RandomX will further enhance our permanent, low-cost, tamper-resistant storage network,” said Sam Williams, founder and CEO at Arweave, in a press release from earlier this month. “RandomX helps us ensure that power over the decentralized content policies in the Arweave network remains well distributed across many globally distributed parties.”

To this, Arweave has funded one of the four audits over the RandomX code.

Completed officially on Friday, the audit was estimated in public documents to cost roughly $80,000. CEO and co-founder Dan Guido later affirmed to CoinDesk the final cost for Arweave was actually $28,000.

Speaking to CoinDesk in an interview, Williams explained:

“It was one of our hopes going into the audit process that by helping to fund it we could do a small public service by making sure other [crypto] projects can see there is a programmatic proof-of-work algorithm that is likely ASIC-resistant in practice without fear of security.”

The other three audits totaling $130,000 that are still to be finalized by security firms Kudelski Security, X41 D-Sec, and QuarksLab were funded through crowd-sourced donations from the monero community. They are expected to wrap up by July, according to Chu.

The next step after that is an eventual launch of the algorithm on a public monero test network before a tentatively scheduled mainnet activation this October.

Risky business

For all the discussion that has gone into preparing RandomX for a mainnet implementation, Ehrenhofer maintains that the true benefits of RandomX won’t be certain until it’s live on the network.

“We don’t know if RandomX will work yet even if all the audits come back and they say your cryptography is pretty good. We don’t know in practice how things will actually turnout,” warned Ehrenhofer.

But the worst-case scenario in Ehrenhofer’s mind if the algorithm proves to be unsuccessful is a switch to an ASIC-friendly mining algorithm similar to the one currently utilized by bitcoin.

“I think if RandomX does fail and monero switches to something more ASIC-friendly, many in the bitcoin community will tell us, ‘I told you so.'” Ehrenhofer joked.

Even so, Salazar maintains that monero should have the runway to try new things and fail at them.

“Isn’t the idea to see what’s going to work best so that one day we can have a good digital, private, fungible cryptocurrency?” Salazar asked. “If monero is not but a stepping stone to get to that good currency then by all means let monero be the lost leader.”

Salazar concluded:

“The monero people are nothing if not resilient nerds that decide to take on the man. So we said, ‘You know what? Let’s give this a go, one last ditch effort.'”

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Fast-growing cryptocurrency exchange BiKi.com has recently attracted yet another slew of investments, this time from influential blockchain investment institutions Genesis Capital and FBG Capital.

Crypto fund Genesis Capital’s purported mission of discovering and supporting early-stage projects with the most potential is particularly apt in the case of BiKi.com. In under a year, the infant exchange has managed to accumulate more than 1.2 million registered users and more than 100K daily active users, not to mention its impressive climb to top 15 rankings on the rungs of the global crypto exchange ladder.

Genesis’ current investment portfolio includes esteemed projects the likes of Tron, Quarkchain, Egretia, and Arcblock, to name a few. In total, Genesis has invested 2 million in BiKi.com, the first million on 27th May followed by another million on 29th May.

Previously backed by Silicon Valley VC Sequoia, digital asset management firm FBG Capital, whose past investment projects have increased 10 to 100 times, has also set its sights on BiKi. FBG has long gained industry respect for discovering and investing in projects such as 0x, Zilliqa, OmiseGO, IOST and Aelf, years before they became successful.

FBG’s strategic investment in BiKi will see multi-level co-operation between the two parties which includes FBG providing professional and market resources that will aid BiKi in increasing its market share and implementing trading platform improvements. The enthusiasm of FBG CEO Zhou Shouji, who has been featured on the cover of Forbes, has certainly improved branding for the young exchange, with his friendly recommendations of BiKi skyrocketing the value of its token by 300% in one week.

Ethan Ng, CEO of BiKi.com SEA, said:

“We are extremely honored that FBG has such great faith in Biki. FBG has continually shown amazing foresight in their investments and this partnership is a clear signal that FBG believes BiKi is going places; especially now, with their support, we will no doubt achieve even better project quality, services and branding.”

Not Just Another Exchange

Notably, BiKi.com‘s strategy of listing not only the top 100 most popular tokens but also emerging high-quality projects on the exchange has stood it in good stead. With the tendency of investors to flock to trending projects, using users to attract other users is a core competitive advantage for exchanges.

Its focus on conversion marketing during a bear market in late 2018 and early 2019 using unconventional user-growth tactics has also proven to be effective. By converting a non-crypto audience into new exchange users through Chinese e-commerce platforms, BiKi was able to generate daily real transaction volumes of 20 to 100 million USDT, with its net profit in May reaching RMB 10 million, approximately USD 1.5 million.

Targeting foreign market expansion within a competitive timeline, building community partners worldwide as well as providing substantial support for listed projects also sets BiKi apart from its peers.

With corporate giants like Facebook, Goldman Sachs, JP Morgan coming out with digital currencies, coupled with mainstream media’s constant coverage, cryptocurrencies have finally gained mass acceptance. Should market conditions continue to improve, a high influx of new investors entering the market can be expected, with exchanges being the greatest benefactors of this new wave of users.

Huobi co-founder and BiKi.com’s largest investor Jun Du said:

“This year’s ‘miracle’ should belong to BiKi. With quality digital assets and strong consumer demand going hand-in-hand, BiKi will likely emerge a dark horse when the bull market breaks out again.”

Fast-Growing BiKi.com Secures Investments from Genesis and FBG Capital

About BiKi.com

Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange that provides a digital assets platform for trading more than 100 cryptocurrencies and 127 trading pairs. Since beginning operations in Aug 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 1.2 million registered users and 100,000 daily active users, ranking within the top 15 exchanges globally.

Company Contact:

Chang Jie Lin, BiKi.com

Mail to +65-94556702

Media Contact:

Cecilia Wong, yourPRstrategist

Mail to +65-91826605

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Online retail giant Amazon has partnered with United Kingdom-based insurance agency Legal & General to create a blockchain system for managing corporate pension deals, according to a report by Reuters on June 11.

Legal & General will reportedly make use of the Amazon Managed Blockchain for its bulk annuity transactions, which happen when companies transfer their pension schemes to Legal & General for insurance.

According to an article by the Financial Times, companies make bulk annuity transactions to insurers like this so that they are not ultimately responsible for personally paying their employees’ pensions.

CEO of Legal & General Reinsurance Thomas Olunloyo commented on how a blockchain solution is fitting given the longevity of annuities:

“... it allows data and transactions to be signed, recorded and maintained in a permanent and secure nature over the lifetime of these contracts, which can span over 50 years.”

As previously reported by Cointelegraph, Amazon released its managed blockchain service in April through its subsidiary Amazon Web Services. This blockchain-as-a-service (BaaS) allows users to more easily create and maintain blockchains on the Ethereum and Hyperledger networks by automating certain aspects of blockchain management.

According to Rahul Pathak, the general manager of Amazon Managed Blockchain, the service “... takes care of provisioning nodes, setting up the network, managing certificates and security, and scaling the network.”

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