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FarmaTrust partners with Systech to add blockchain to pharmaceutical distribution

FarmaTrust, a pharmaceutical supply chain security company has announced a new partnership with Systech, a provider of blockchain enabled technology in brand protection and product authentication. This partnership will implement a blockchain-enabled solution for the pharmaceutical industry….

FarmaTrust partners with Systech to add blockchain to pharmaceutical distribution

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2nd Annual CHAINERS Blockchain Week

Asia’s Biggest Blockchain Week Events (Two days Summit & One Week Business Tour) on Nov. 26th-30th 2018 in InterContinental Grand Seoul Parnas, South Korea, it named 2nd Annual CHAINERS Blockchain Week which held by Chainers and Co-organized by The Blockchainer, BlockchainI, JLAB, JRR  Crypto, TimeStamp Capital, ONT Eco, Consensus Investment, Blockchain Investment.

Time

  • Starts: 28th Nov. 2018   8:00AM
  • Ends:  29th Nov. 2018   18:00PM

Organizers

Chainers Inc, No.1 Blockchain industry focused business development & advisory service company in South Korea, It is set up as a JV company between Vision Creator (South Korea based Cross-border M&A advisory, Venture capital investment firm) and The Blockchainer (NO.1 service provider in blockchain industry in China).

Event Highlights

  • South Korea is the most active Blockchain and Cryptocurrencies markets in Asia with five million digital currency retail investors.
  • Meeting Luxurious investors after parties and activities during the whole week.
  • South Korean Mainstream Economy TV Channel and Top Blockchain Industry Media providing high exposure rate and many promotion chances.
  • Great support from Top South Korea Finance Groups, Top Cryptocurrency Exchanges, Local Blockchain Associations and Developer Communities.
  • 50 + Token Fund and Venture capitals mainly from South Korea, China, US are looking for promising projects to invest.
  • 2600+ Attendees from 20+ Countries and Regions.
  • Well-Organized Business Tour will lead you enter quality projects, tech-companies, crypto funds and exchanges offices and build strong connections with them.

Past Event Overview

CHAINERS2018 ​(July 1st -2nd, 2018)

First week of this July, we has successfully held one comprehensive event, which is CHAINERS2018, which has accumulated high-end circle of contacts in terms of internationally and domestically 50+Project Teams, 80+ Professional  Influence speakers, 1200+ Retail investors & Enthusiasts.

The post 2nd Annual CHAINERS Blockchain Week appeared first on CoinSpeaker.

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3 Key Factors for Post-ICO Success

People are so focused on the fundraising side of the phenomenon that they forget to address the most essential matter: what are the key success factors post-ICO? This question should be crucial for every investor or entrepreneur who intends to devote coins & time to a project. Here are our 3 tips to deliver a product or a service successfully post-ICO.

Creating Favorable Conditions for Delivery

Poor execution or none whatsoever is the major risk entrepreneurs face post-ICO. How can they deliver their project on time and as intended? The answer is usually a mix between the state of progress and the level of trust you place in your team.

At the fundraising stage, the project should already have proven its feasibility with the main features tested, while not being so advanced that the product is still able to spark valuable feedback from investors and potential consumers.

Additionally, the vision and skills of the core team must be strong enough to guide the whole group into accomplishing and overcoming any hardships that may occur during the execution phase. Human resource stability at the C-level is also another crucial factor.

At Blockchain.io, we have the expertise of the team behind Paymium – the first EUR/BTC exchange marketplace in Europe – to lead us. They have already delivered an alpha version of Blockchain.io’s platform and started taking input from early ICO investors who have been provided early access to it.

Creating Product Awareness

“You can have the best product in the world, but if nobody knows about it, what good is it?”

This Phil Knight quote showcases the importance of creating product awareness, which should preferably be done as soon as possible. Two main factors come into play in achieving this goal: first, an efficient engagement with the Crypto-sphere, followed by a tight-knit userbase.

The first element can be nourished by attending key events where crypto-fans will be present, such as conferences, forums or meetups, which provide the opportunity to present your project and build relationships with peers and people within your community.

The second consists of creating channels all over the internet where potential customers (and investors) can learn more about your product and discuss it, either directly with the team or with other followers, thus creating a lively and involved community. It is possible and even recommended to engage in such activities before the official launch of your ICO; just as Blockchain.io did by creating a Telegram group of more than 40,000 enthusiasts to date.

Avoiding Cash Shortage

The third and last stone to stumble over post-ICO is definitely the cash-shortage risk. Once you’ve reached your hard cap, coins are cashed in and a new challenge begins: managing funds as wisely as possible.

Enough money must be allocated to the product development as planned in the business plan, while putting savings aside for expected or unexpected problems. This stage is all about ensuring that you don’t fall short of money before reaching the project’s milestones as you have planned in the roadmap.

As for Blockchain.io, the new cryptocurrency exchange platform was always intended to be launched after the public sale; the technical foundation has already been laid down and developed thanks to the founder’s shareholders’ equity. Funds collected are essentially meant to accelerate the rollout and quickly gain further market share for BCIO.

All three prior risks have been carefully assessed and addressed by Blockchain.io; this is why we firmly believe that we offer a quality investment option with minimal risk.

Our public sale debuts on September 27th, so join in! We strongly look forward to our post-ICO phase where we will create the #1 European cryptocurrency exchange platform by 2020 alongside you.

The post 3 Key Factors for Post-ICO Success appeared first on CoinSpeaker.

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Brazil’s Largest Independent Broker Is Launching a Crypto Exchange

The parent company of Brazil’s largest independent broker is setting up a cryptocurrency exchange, Bloomberg reported Thursday.

Grupo XP, which owns brokerage firm XP Investimentos, plans to launch the platform in the “coming months,” the news source said, adding it will support trading in bitcoin and ethereum.

However, despite the notable move, the firm seems a little reluctant to dip their toe in the crypto waters.

Speaking at an event in Sao Paulo, the firm’s executive officer, Guilherme Benchimol, said:

“I must confess, this is a theme I’d rather didn’t exist, but it does. We felt obligated to start advancing in this market.”

Benchimol was quoted as saying that the firm made the decision to launch the exchange – dubbed XDEX – because 3 million or so Brazilians already own some bitcoin, while far fewer, around 600,000, have holdings in stocks.

The move by Grupo XP comes as the environment for crypto exchanges in the country may be about to ease.

Brazil’s antitrust watchdog said this week that it is investigating whether major banks in the country worked together to halt services to cryptocurrency-focused firms.

As reported by CoinDesk, the Administrative Council for Economic Defense said it was investigating the Banco do Brasil, Banco Santander Brasil, Banco Inter and others for shutting down crypto platforms’ accounts.

Sao Paulo image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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What is an ETF and why is it a game changer for Bitcoin?

There has been a lot of discussion in the crypto space about a Bitcoin ETF and when it could finally be approved. For most people, an ETF approval signals the start of a bull market and the time when they’ll finally get to profit from their months’ Bitcoin and Altcoins investments (or at least sell their bags at breakeven).

When it comes to the broader benefits of an ETF approval, most people aren’t so sure how it will affect the crypto space.

What is a Bitcoin ETF?

An ETF is a basket of securities that are bought and sold through a brokerage firm or stock exchange. There are ETFs for almost all asset classes ranging from traditional investments to alternative assets like commodities or currencies.

The main benefit of an ETF is that it removes the need for investors to sign up on exchanges or wallets to buy Bitcoin. With an ETF, the underlying assets are owned and traded by a fund. The Fund divides ownership of the cryptocurrency assets into shares, which are what investors’ claim ownership of at the end of the day.

ETF shareholders receive a portion of the funds’ profits through dividends or earned interest paid.

Why is a Bitcoin ETF a game changer for the crypto markets?

According to VanEck CEO Gabor Gurbacs, there are some significant benefits that an ETF brings to the cryptocurrencies

Increased liquidity via the AP & ETF ecosystem

A larger pool of investors means more capital will flow into space, which provides liquidity for trader and investors to enter and exit the market more efficiently.

Lower counterparty risk

A more regulatory sound environment leads to lower counterparty risk for both investors and exchanges.

Better valuation and execution practices

Similar to how NASDAQ regularly undergoes a thorough evaluation of their exchange to maintain regulatory compliance, we can expect the same standard to come from cryptocurrency exchanges that offer a Bitcoin ETF.

Separation of duties: trading, custody, and valuation

An exchange like Coinbase has already begun the process of offering custody services in addition to trading. This step is most likely a part of their broader plan to launch their ETF.

ETF_sec

Lower fees

Once ETFs are approved, trading Bitcoin at an institutional level will be officially legitimized, giving confidence to more big investors to enter the market, which allows exchanges to reduce fees as trading volume increases.

Compliance with global regulations

Generally, more regulatory compliance (especially on a worldwide scale) leads to wider adoption for the traded assets. Currently, many governments are either hesitant to endorse the use of cryptocurrencies or are outright banning them due to a lack of regulatory oversight. Although complete regulatory control is not achievable for these governments, some form of mutual understanding over what the rules are around KYC, fraud prevention, etc. between the exchanges that trade bitcoin and Government generally leads to them endorsing the right for citizens to use these services.

Asset management experience

There are thousands of highly experienced asset managers that are patiently waiting on the sidelines for regulatory approval before they can offer cryptocurrencies as an asset to manage for their clients. In many cases, it’s the clients who are hammering at their asset managers’ doors wondering when they can diversify their portfolio into the crypto space. An approved Bitcoin ETF would open the floodgates for highly sophisticated asset managers to provide higher returns for their clients by investing and trading Bitcoin and other cryptocurrencies.

The post What is an ETF and why is it a game changer for Bitcoin? appeared first on CryptoPotato.