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71+ Million User Volunteer Platform to Launch Blockchain-Based DApp

Reportedly the world’s largest volunteer service platform, Zhiyuan Hui, has announced its partnership with crypto startup EveriToken.

Chinese non-profit Zhiyuan Hui — reportedly the world’s largest volunteer service platform — has announced its partnership with token economy infrastructure firm EveriToken. The news was announced Jan. 12 in an official EveriToken blog post.

As of December 2018, Zhiyuan Hui reportedly serves over 430,000 non-profits, and its 71 million users are reported to have worked over 100 million service hours via its platform. According to the blog post, the United Nations-issued China Volunteer Service Economic Value Measurement Report has valued the platform at over $500 million.

In order to manage this astonishing volume of users and service hours, Zhiyuan Hui has reportedly decided to build a transparent volunteer tracking platform on the EveriToken public blockchain.

Via the new system, governments, enterprises and non-profits will be able to award an estimated almost one million volunteers per day with “Yi Coin” points in exchange for their volunteer activity and service hours.

Volunteer data will be recorded on-chain onto what EveriToken terms an “open public welfare ledger.” The blog post continues to outline that:

“[T]he everiToken-based system provides audit trails for various stakeholders with access rights, including governments and funders, eliminating the possibility of fraud for the various poverty alleviation projects and government foundation subsidy programs managed by Zhiyuan Hui.”

Yi Coins can reportedly already be used to buy basic goods — such as food, electronics and hygiene products — from almost 100 unmanned retail locations, using EveriToken’s micropayments solution.

At press time, Zhiyuan Hui has not responded to Cointelegraph’s request for comment on the partnership.

As previously reported, the benefits of distributed, transparent ledgers are being increasingly recognized in the public welfare and charitable sectors globally. Last month, the Irish Red Cross partnered to use blockchain in a new app that improves transparency for charitable donations. Also last month, Binance’s philanthropic arm launched its own blockchain-powered donation platform.

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Thailand’s Stock Exchange Plans to Set up a Licensed Digital Asset Exchange: Report

Thailand’s Stock Exchange exec reveals plans to set up a licensed digital asset exchange in the country.

The Stock Exchange of Thailand (SET) is planning to set up a regulated digital asset exchange, local news agency The Bangkok Post reported on Jan. 17.

Citing the vice chair of SET’s board of governors, Pattera Dilokrungthirapop, — аlso chair of the Association of Securities Companies — the report revealed that the national stock exchange plans to apply for a digital asset operating licence from the country’s Ministry of Finance within the year.

According to the plan, SET’s member securities firms will be able to apply to become brokers and dealers for trading on the new digital asset exchange.

As a representative of the securities industry, Dilokrungthirapop stressed that there are a number of securities firms that are interested in broker and dealer activity with digital assets as a class, but are not necessarily looking to enter cryptocurrency markets.

Dilokrungthirapop further stated:

“Securities firms are currently waiting for the SET to apply for a licence. For us, digital assets are expected to grow in the future as investors gain more understanding of this asset class.”

Jirayut Srupsrisopa, chief executive of Thai crypto exchange Bitkub, noted that a digital asset exchange from SET would have the advantage of leveraging the stock exchange’s already existing trust and capital. The exchange also expressed interest in partnering with SET for its digital asset venture.

Recently, the much-anticipated digital assets platform Bakkt — created by the operator of the New York Stock Exchange (NYSE) — entered into an agreement to acquire certain assets in futures commision merchant Rosenthal Collins Group (RCG).

Earlier in January, Estonia-based DX Exchange launched its digital trading platform offering tokenized traditional stocks on the Ethereum (ETH) blockchain.

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France Starts Selling Bitcoin At 6 Tobacco Shops – 6,500 By Next Month

An initiative to sell Bitcoin (BTC) in France’s 24,000 tobacco kiosks has tentatively launched despite votes of no confidence from the central bank and other sources.


6 Tobacconists Today, 6500 By February

As Reuters reported January 8 quoting organizer Adil Zakhar, six ‘Tabac’ shops in Paris began offering prepaid Bitcoin cards this week, with plans to roll out the scheme in rapid fashion to over 6500 as soon as next month.

“Some people find it complicated to get bitcoins online,” Zakhar told the publication.

They trust their local tobacco shop owner more than they would trust some remote anonymous website.

As co-founder of technology company KeplerK, Zakhar is presiding over a hotly contested move to bring Bitcoin into the French mainstream.

As Bitcoinist and others wrote in November, when the plan was announced, it met with opposition from parties including the Bank of France (BoF), officials denying they had sanctioned any form of Bitcoin sales by tobacconists.

This appeared to contradict the position of the French Prudential Supervision and Resolution Authority (ACPR), which operates under the auspices of the BoF and had given the go-ahead to KerplerK.

“…[N]o such deal is either being envisaged or under discussion,” the BoF said at the time.

Bitcoins And Bank Runs

The commencement of sales thus marks a further point in the confusing legislative environment surrounding cryptocurrency which has persisted in France.

yellow vest Paris Protests euro bitcoin

At the same time, both Bitcoin and banks continue to hit the mainstream media for other reasons.

Earlier this week, Bitcoinist reported on a fresh project by political grassroots movement the Gilets Jaunes, organizers calling for a run on the banks this Saturday, January 12.

Aiming to pressure the government “without the least bit of violence,” the so-called ‘Referendum des Percepteurs’ (‘Collectors’ Referendum’) closely mirrors a similar event in the Bitcoin world from last week – Trace Mayer’s Proof of Keys.

Meanwhile, cryptocurrency users continue the search for a Bitcoin bounty hidden as part of a wall mural by Paris-based artist Pascal Boyart. An open wallet for contributions to the prize fund currently contains 0.287 BTC ($1155).

What do you think about France’s tobacconist Bitcoin sales? Let us know in the comments below!


Images courtesy of Shutterstock

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KodakOne Blockchain Beta Test Sees $1 Mln in Content Licensing Claims

KodakONE has reportedly generated over $1 million in licensing claims for image rights during a limited beta test of its blockchain-based platform.

KodakONE — the developer of a blockchain-based image rights platform licensed by photographic industry giant Kodak — has reportedly generated over $1 million in licensing claims for image rights during a limited beta test of its platform. The news was reported by blockchain news source Breaker Mag on Jan. 8.

As Cointelegraph previously reported, the KodakONE Image Rights Management Platform is an image copyright protection, monetization and distribution platform secured via blockchain. While the project is not run by the Eastman Kodak company itself, the industry stalwart has made RYDE Holding (formerly Wenn Digital) an official brand licensee.

When Kodak first announced its partnership with then-Wenn Digital, the company’s shares surged to a high of $13.25, with onlookers criticizing the move at the time as a bid to cash in on the ICO and blockchain hype.

RYDE, together with ICOx Innovations, has overseen the design and development of the KodakONE Platform and its KodakCoin token. The latter is an ERC-20 token, which also uses components of the Stellar blockchain as middleware. The KodakONE platform, meanwhile, uses a hybrid blockchain infrastructure with Ethereum, Stellar and Hyperledger technology.

This October, KodakOne launched its beta Post-Licensing Portal (PLP), which uses an intelligent web crawler and image recognition technology to enable rights holders to track their images and rights infringements.

Artificial intelligence (AI) technology enriches image data and can predict licensing value based on similar registered images, with the platform also allowing rights holders to license image usagee retroactively, in a bid to turn infringers into lawful customers.

According to Chell, of the $1 million in revenue generated during the PLP beta, KodakONE will pocket around $400,000.

In the future, the platform reportedly aims to integrate the KodakCoin token for instant license settlement, as well as deploying smart contracts for license management at scale.

KodakONE co-founder Cam Chell told Breaker Mag that within the current photographic industry, even professionals are only managing to collect licensing fees from 20 percent of the market at most, due to the prohibitive costs of manual management. By harnessing the granular automation provided by smart contracts and blockchain, the platform reportedly aims to monetize that remaining 80 percent.

As reported, KodakCoin was registered with the United States Securities and Exchange Commission (SEC), using an instrument called the Simple Agreement for Future Tokens (SAFT), which limits sale to accredited investors.

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BitTorrent Launches Native TRON-Based Token

Peer-to-peer torrent client BitTorrent has launched a native token, BitTorrent (BTT), that can be exchanged between users to optimize their network speed and attain faster downloads.

Peer-to-peer torrent client BitTorrent has launched a native token, BitTorrent (BTT), based on the TRON protocol, according to a press release shared with Cointelegraph Jan. 3.

The token can be exchanged between users to optimize their network speed and attain faster downloads, according to the press release. BitTorrent’s first full-fledged move to begin to tokenize its content sharing ecosystem — which reportedly serves over 100 million users — comes around six months after the company was acquired by decentralized internet startup TRON for an undisclosed amount.

BTT tokens, which are to be issued by the BitTorrent Foundation, feature native TRC-10 compatibility — meaning they adhere to a technical token standard supported by the TRON blockchain.

BTT will reportedly be exclusively available to non-United States accounts on crypto exchange Binance’s “Launchpad” program, and will also be distributed “selectively” via airdrops later this month.

According to the press release, BTT is part of a broader ambition to create a decentralized content distribution platform using cryptocurrency. BitTorrent claims that its protocol — first created in 2004 — is currently “the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally.”

The press release outlines that BTT tokens will first be implemented on BitTorrent’s Windows-based “µTorrent Classic” client — reportedly the company’s most popular application.

As previously reported, the roadmap for TRON and BitTorrent’s mutual integration has been formalized as an initiative dubbed “Project Atlas.” When the pair first disclosed more extensive details of their joint plans in September, they revealed that tokens in the ecosystem would be used as incentives.

As of press time, TRON (TRX) is ranked as the 10th largest cryptocurrency by market cap, and is trading at around $0.02, up 4.29 percent on the day, according to CoinMarketCap data.