Revain

The First Blockchain-based Review Platform for Crypto Community.

home link https://company.revain.org/

reference material Whitepaper.pdf

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49.15 KRW
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15
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R
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To be released
Project introduction

By earning reputation for various services such as exchanges and cards in R services, you can earn money by earning token rewards and selling the rewards you earn to the exchange.

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RINAT ARSLANOV

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ALEXEY ABRAMOV

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ALEXEY BELASHENKO

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ROMAN OCHNEV

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VLAD BOCHAROV

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Medium

Binance: A General Overview

By Namu JuImage by Juraj Varga from PixabayBinance is one of the most popular cryptocurrency exchange platforms today. With its high trading volume and an extensive list of currencies, it offers access to Bitcoin, Ethereum, and Litecoin, but also to promising altcoins. We take a closer look at what Binance has to offer.History and BackgroundBinance is a global cryptocurrency exchange founded in China by Changpeng Zhao in 2017. It quickly moved its headquarters and servers to Japan before the Chinese government’s ban on cryptocurrency. Binance then established offices in Taiwan and moved its base of operations to Malta to benefit from the European island’s cryptocurrency-friendly regulations and laws.They introduced their own Binance Coin (BNB), a token built on the Ethereum blockchain, before the exchange itself opened to raise the equivalent of $15 million for the company’s launch. BNB is also used to participate in token sales hosted on the Binance Launchpad, as well as a legitimate payment method for millions of merchants. With fast and aggressive moves, Binance became one of the top three cryptocurrency exchange platforms in the world 143 days after launching, and the largest cryptocurrency exchange by trading volume by early 2018.Advantages and DisadvantagesWith consistently high trading volumes, Binance Exchange’s technology can process up to 1.4 million transactions per second. They feature an extensive list of alt-coins with over 100 different cryptocurrencies from well-known coins, like Ethereum (ETH), to smaller coins such as CyberMiles (CMT) and ZCoin (XZC). They are also known for listing new and promising cryptocurrencies as soon as their ICOs have closed.Their native coin, BNB, can be used to pay trading fees at a discount on the platform. Each trade on the Binance Exchange incurs a standard fee of 0.1% but traders can pay these fees at a 12.5% discount using BNB. The BNB deduction for trading fees follows a predetermined schedule by which the discount reduces to 6.75% in July 2020 for one year before BNB trading fee discounts will be discontinued.Perhaps Binance Exchange’s biggest disadvantage is the fiat limitation placed on traders. They can’t buy or sell cryptocurrency for fiat currency (currency declared legal and backed by a government) in most countries. While other exchanges such as Coinbase or Kraken allow customers to use traditional bank-backed debit and credit cards, they deal purely in cryptocurrency, which makes the platform not as easily accessible to beginners.Binance’s Latest NewsOn May 7, 2019, Binance suffered a large scale security breach when hackers stole $40.7 million in cryptocurrency. The hackers were able to gain access to user’s API keys, two-factor authentication codes, and “potentially other info,” according to Changpeng Zhao. Once the hackers’ withdrawal triggered the internal alarms, the exchange froze withdrawals and suspended withdrawals and deposits for a week to conduct what Zhao described as “a thorough security review.” They used their Secure Asset Fund for Users (SAFU) to absorb losses, so it did not impact users. Binance allocates 10% of its trading fees to its SAFU fund, which exists to offer user protection in cases of such losses.Even after this security breach, Binance amassed a massive $1 billion in cumulative profit on September 30, 2019. Every quarter, they burn BNB tokens worth 20% of their profits. The ninth quarterly burn of its native Binance Coin involved the BNB token equivalent of $36.7 million, which indicates the company made approximately $183.5 million in Q3 — almost the same value of the Q1 and Q2 burns combined. All nine burns reflect the cumulative profit of Binance surpassing $1 billion, and there is no indication of it slowing down.On September 2, 2019, Binance broke into the futures market and announced its acquisition of JEX, a crypto derivatives exchange based in Seychelles. JEX has been rebranded as Binance JEX and manages the JEX team and its native tokens. Binance JEX offer derivative products, including options, futures, and perpetual contracts. After one month on the market, they had reached the number two position, just behind BitMEX, according to trading volumes.Looking AheadZhao indicated he plans to launch five to 10 fiat-to-crypto exchanges worldwide, ideally with two on each continent. This plan aligns with Binance’s recent launches of Binance Jersey, Binance Uganda, and Binance Singapore. These three fiat-to-cryptocurrency ventures allow users to purchase and sell cryptocurrencies in exchange for the respective nations’ native fiat currency. Binance is currently focusing on smaller countries due to more accessible top-level government officials and overall efficiency. Though this move seems contrary to the crypto-to-crypto trading Binance is known for, Zhao maintains that the goal is to create a decentralised exchange when the technology matures.How Revain Can HelpWith Binance’s massive list of cryptocurrencies, researching the right currencies for you might seem like a daunting task. Revain is a feedback platform for the crypto community that uses blockchain technology to preserve reviews for cryptocurrencies and exchange platforms. Our reviews can’t be altered or deleted and we work to uphold transparency and accountability in product quality. Our feedback platform employs machine learning and neural networks to detect and filter spam, feedback floods, and any abuse of its reward model. With more users comes more data, resulting in a sharper AI filtration system.Once a review from a legitimate user passes the manual and AI filtration systems, the user is rewarded in RVN, token, an absolutely stable internal token. Revain also has R, a second native token that can be traded on dozens of exchanges. Other companies can also award authors of high-quality reviews with tokens. This unique model encourages and protects authentic user feedback.Binance: A General Overview was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 11. 13

Are Blockchain and DLT the ...

By Brittany KulickPhoto by Proxyclick Visitor Management System on UnsplashSince the beginning of recorded history, humans have been on the move. Thousands of years ago, Imperial Romans travelled slowly in carriages over stone-paved roads. Now, the world anxiously awaits the first commercial space flight — likely within the year. As transportation evolves, so do consumer methods of finding the best mode of transport and paying for travel.Distributed ledger technology (DLT) and blockchain (a type of DLT) are revolutionising many industries right now — from gaming to education. The global travel and tourism sector is growing at a higher rate than the world gross domestic product, responsible for 319 million jobs worldwide and contributing $8.8 trillion USD to the world economy. With these statistics, it’s clear that travel will continue to grow in the coming years, and growth demands change.Ticketing and Travel Insurance — Cutting Out the MiddlemanIn travel, there’s money to be made in the middle. The status quo requires travellers to pay travel agency fees, ticketing fees, and other — often hidden — costs to intermediaries. Travellers are paying more, while airlines, local tour operators, hotels, and other service providers suffer. And after all the extra fees, travellers are left with a myriad of bookings from different providers.When travelling to a new destination, finding the right website to book transportation and keeping track of multiple tickets adds stress to a time that should be about enjoying and relaxing in a new destination. And then, heaven forbid, if any delays happen along the travel route, travellers are left to fight with their travel insurance provider for a fair payout. With blockchain technology, travellers can connect directly with the service provider, cutting out the exorbitant middleman transaction fees, combine multiple bookings into one seamless buying experience, and discover automation in insurance payouts for travel delays.Blockchain Technology is Just the TicketStartups like Winding Tree offer a decentralised platform designed to make travel cheaper for consumers and more profitable for service providers. By removing the gatekeeper, we are likely to see more competition, resulting in better service and lower pricing for all.Deutsche Bahn is seeking to address travellers’ complaints about a disjointed booking experience. DB Systel, the German railway company’s IT provider, is utilising blockchain technology to consolidate travel plans made with multiple companies, which are recorded in the blockchain ledger. Customers book all plans on one website, and the blockchain is set to distribute funds accurately to the individual providers. While this example is on a country-wide scale, the application of this technology could revolutionise the entire travel industry.Travel Insurance: What Happens When Things go Wrong?This is all good news. You can save money and consolidate the booking experience ― but what happens when a flight is delayed, or luggage is lost? The dread associated with filing a claim with a travel insurance company is one every seasoned traveller has experienced at least once. The travel insurance industry is experiencing a revolution with the emergence of parametric technology for a proactive insurance experience.In the insurance industry, parametric technology relies on data and algorithms to automate insurance features such as underwriting, claims, and payouts after an event requiring action by the company. Co-founder of insurance technology firm Etherisc, Stephan Karpischek, told the International Business Times, “Blockchain’s transparency and automation can provide the means to disintermediate the market with a peer-to-peer risk platform that helps insurance return to its roots as society’s safety net.” This innovation can save paperwork and headaches for all involved.Paying for Travel in BitcoinRemember when travellers’ cheques were the recommended currency for tourists? Times are changing, and so are the best methods of payment. Bitcoin is still a relatively new form of currency, but the innovators in the travel industry are making strides to incorporate this payment method as an option for holidaymakers. Across the industry, airlines, hotels, car rental companies, and travel agencies offer services in exchange for bitcoin. If you’re interested in going a bit further afield? Virgin Galactic accepted bitcoin as payment for the first round of tickets for commercial space travel.In 2018, many travel companies experienced the devastating effects of data breaches. Millions of customers’ passport numbers, payment information, and/or personal data was exposed to hackers when trusted companies like Marriott, Cathay Pacific Airways, Orbitz, and British Airways were compromised. Utilising bitcoin, as a method of travel payment, is one way for travellers to protect themselves and their money. Payments are made on a peer-to-peer basis and recorded in an unchangeable blockchain at a negligible or nonexistent transaction cost due to the lack of financial intermediary.Once you’ve paid for your holiday, new applications are making it easier than ever to find places to spend cryptocurrency wherever you travel.Humans are on the move — and technology is rushing to keep up. With the introduction of new cryptocurrency-based startups on the rise, it can be difficult to know where to place your trust. Revain is the first trustworthy review platform based on blockchain technology. Users are rewarded for legitimate, high-quality reviews with Revain tokens, and since reviews are secure and tamper-proof, potential customers can rest assured the reviews paint an accurate picture of the company. Artificial intelligence filters out poor-quality reviews making high-quality reviews eligible for rewards.Whether you’re part of a corporation interested in legitimate reviews or a customer trying to decide on a project to support, sign in to Revain today to get more information.Are Blockchain and DLT the Future of Travel? was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 10. 24

Blockchain Limitations

By Shrey JainAll the hype around blockchain and the growing number of blockchain-based platform releases each year has also brought with it a plethora of worries surrounding them.Blockchain, the underlying technology behind cryptocurrency is changing the way we make money and conduct our business activities. Yet, it has been unsuccessful in addressing the inherent limitations in its working.While there have certainly been some noteworthy achievements, the technology has failed to live up to many expectations since the crowdfunding craze.It has led to rising insecurity among some users and has made them grow sceptical about the whole concept of blockchain.However, this hasn’t stopped various experts in blockchain from brainstorming on the whole idea of this decentralised platform, and they have come up with some exciting new advancements.Arrival of EthereumWith much fanfare, the world’s first blockchain-backed smart contract platform was launched in the year 2015 by Vitalik Buterin called Ethereum.Unlike the blockchain’s earlier application bitcoin, Ethereum did not just exist in the form of a famous cryptocurrency, but it came to be known as the most established platform for developing decentralised applications based on Ethereum Virtual Machine(EVM).Users are no longer required to fork an existing blockchain or create a new blockchain protocol to implement the technology. They simply have to submit code to EVM and pay the necessary fees(Gas) in order to make the network execute the instructions. It has made blockchain technology far more accessible than ever before.Ethereum brought innumerable developers and budding entrepreneurs in the blockchain industry. However, their excitement started to settle down when the flaws in its functional design began to surface.What went wrong?Well, users demand perfection from such groundbreaking technologies and Ethereum, being one of the leading smart contract platforms, stood on the receiving end of a bashing from the critiques for a major limitation.ScalabilitySmart contract platforms like Ethereum are just a sole blockchain with a single and shared network that result in minimal transaction processing per second.Ethereum only has the capacity to process 15 transactions per second, which is incomparable to complicated applications, like Facebook or Uber that individually can perform thousands of processes per second to function.The continuous increase in the number of user databases has exposed the scalability issues, and several questions are being raised regarding its capability to serve the high number of projects being built on it.Why does the problem arise?Well, Ethereum works on a network of nodes, where each node has to store the entire transaction history. Every single node processes the same transaction and makes the system verifiable as well as secure.However, the whole process gets quite cumbersome and limits the scalability of the system. With the growing number of users every day, it is estimated that the total number of transactions will increase at a staggering rate of 10–12 seconds with every new block.If developers start expanding the size of each block, then the data that these nodes need to store will start piling up and end up with kicking out people off the network.Is there a way to solve the scalability problem?Yes, there are undoubtedly some scaling projects under progress that aim to tackle the above-mentioned issues, and one such project is “shrading”.A big problem with a node network is its storage requirement for the updated versions of each account on the network. Shrading aims to move away from the traditional full node concept.It requires each resulting node to store only a subset of data and verify those particular transactions. When a node needs information on the part it does not store, it will communicate with the node that has the relevant information.However, this process cannot entirely be trusted as the nodes will have to rely on other nodes for information.Other issuesWhile scalability is the major limitation, several other drawbacks have contributed to limiting the usage of blockchain technology.SecurityWhen a single organisation holds the control of the network’s mining power, the blockchain exposes itself to the ‘51% attack’. It will give the attacker an option to alter the blocks that are already a part of the blockchain. However, this can only be done when the attacker has a vast pool of resources at disposal.Throughput challengesLower throughput is one major weakness that the users have identified in the blockchain. As seen above, even Ethereum can process only 15 transactions per second.ComplexityBlockchain involves the use of complicated cryptography and beginners are finding it difficult to adapt to the technology. Also, transactions in blockchain involve digital signatures and verification by cryptography techniques that make the whole process tedious.Qtum can show the way forwardFounded by Patric Dai in March 2016 Qtum is a hybrid smart platform that allows the Ethereum Virtual Machine(EVM) to work on the entire Bitcoin system.Using Bitcoin’s UTXO(Unspent transaction Outputs) model as its core infrastructure, Qtum can help you transfer Bitcoins among different owners and at the same time, create new UTXOs for transactions in the chain.It maintains a parallel processing capability through which one can initialise transactions among multiple addresses. It is far more scalable and secure as one can easily trace back the history of transactions through the public ledger.Another feature that makes Qtum stand out is its Decentralised Governance Protocol (DGP). It is a mechanism through which every user can vote for upgrades on the network and guards Qtum against the hard forks.It also allows Qtum to adapt to changing network conditions and recover quickly from attacks on the network. These were the issues that earlier platforms of bitcoin and Ethereum struggled to solve in the past.Backed by a solid team of over 150 developers and over 2.5 million token holders, this hybrid decentralised development platform surely has capabilities to slay the giants in the near future.Revain — A blockchain based feedback program.It is true that with countless blockchain-based developmental platforms coming up, it is going to be difficult for the users to choose the right one that is reliable, secure and suits their requirement at the same time.At Revain, we offer a new generation, easy to use, review platform, backed by blockchain technology that doesn’t allow any alteration to the user’s valuable feedback.We offer a robust feedback mechanism for companies and at the same time, give users a platform to share their experience of the product and review the ones posted by their peers. Revain also rewards users with RVN tokens for quality reviews and keeps them interested.Our eligible participants include companies that have completed the initial crowdfunding process, the cryptocurrency exchanges and their investors.Don’t let the giants dictate the futureYou will find Qtum, as well as Ethereum, feature on Revain’s platform, and you can easily go through the user feedback and make your own call.Whereas Qtum offers you features like UTXO and DGP, it is at a slight disadvantage to Ethereum as they’ve got some strong backing from the Enterprise Ethereum Alliance Members; which includes corporate giants like Microsoft, Intel, ING and Santander among many others.To redress this balance, they are exploring the possibility of implementing Ethereum’s technology and are also contributing towards its development.It is certainly not going to be a cakewalk for Qtum to gather support and pin down their competitors.However, Revain refuses to let the giants dictate the future: The Revain Platform allows you, the developer, investor, regular-guy to get involved and direct the future of this technology by publicising your opinion and posting useful feedback for your peers.Blockchain Limitations was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 09. 17

Simplifying the Internet of...

By Sofia BatchelorBy the end of 2020, there will be more than 20 billion IoT devices, says research and analysis firm Gartner. At home, these might be things like smart thermostats, smart speakers, and smart vending machines. The technology has also been trialled by logistics and manufacturing companies hoping to optimise supply chains. However, these advances don’t come without problems. Experts have questioned the security of IoT networks. The technology also requires a fast and reliable connection at all times.Is IOTA the Solution?IOTA is hoping to solve these problems. The new crypto token is designed specifically for IoT devices. Because IOTA doesn’t rely on the mining of ‘blocks’ to create its distributed ledger, secure data transfers are possible on a huge scale, all without incurring transaction fees. In June 2019, the price of IOTA jumped from $0.35, with a market cap of less than $1 billion USD, to $4.17, with a market cap of $11.6 billion USD. More than 3 million transactions had been processed by the platform at the end of 2016. IOTA’s developers hope this signals its future role as a ‘gold standard’ for machine-to-machine communications.Not a BlockchainIOTA doesn’t rely on blockchain, like other crypto tokens. Instead, it uses a new data structure called Tangle. Tangle is a decentralised peer-to-peer network, which doesn’t use ‘blocks’ to create its distributed ledger, but instead, uses a new system called Distributed Acyclic Graphing (DAG). DAG allows payments to be validated in ‘clusters’, without the participation of the whole network. Each transaction is validated by two others. This system allows for greater efficiency, greater security, and, most importantly, no transaction fees. IoT devices would, therefore, be able to participate in vast numbers of micro-transactions without overburdening the system or running up transaction costs. It also means devices won’t need to be online all day.IOTA’s creators hope that the technology will be key to developing the ‘smart cities’ of the future. The IOTA Foundation, a German non-profit, is forging corporate partnerships to work towards this goal. Partnerships with Cisco Systems and Samsung Electronics aim to create a “data marketplace,” which can be monetised as the technology advances. According to IOTA founder David Sostenbo, the eventual aim is to enable a “paradigm shift” to IoT by enabling a “de facto ledger of everything.”Other partnerships involve trials of practical use cases for IOTA. In April 2018, Dutch developer ElaadNL released a charging station where payments can be made using IOTA. Phones can communicate with the charger, allowing instant machine-to-machine payments. ElaadNL’s managing director said the project showed “the ability of using real machine to machine communications and micropayments, with the use of IOTA as a secure ledger for these payments and data.” ElaadNL is also working on new technology for charging electric cars.Jaguar Land Rover is trialling something called ‘smart wallets’, using IOTA’s Tangle for data and value transfers. The company hopes that cars equipped with smart wallets would be able to report road conditions and hazards to relevant city authorities and to be paid in IOTA tokens for the data they share. These tokens could, in turn, be used to pay for parking, tolls, and charging. Developers are hoping this lays the foundation for IOTA’s role in the market for autonomous vehicles. By 2040, sales of these are expected to surpass 33 million. The project also lays the groundwork for ‘smart cities’ where local authorities can rely on IoT data to optimise services.IOTA’s technology has also been applied to manufacturing and logistics. Fujitsu, Japan’s largest IT company, is using IOTA technology to observe and improve automated factory lines. Rolf Werner, CEO of Fujitsu’s Central European division, said the possibilities for IOTAs use in this area were “immense,” and included supply chain monitoring and secure identity management.Growing PainsThough the potential use cases for IOTA’s technology are vast, its development has not been without problems. In 2017 it was criticised in a study by MIT and Boston University. Researchers claimed they had identified a problem with the hash function of Tangle, IOTA’s data structure created security issues. MIT’s Media Lab went on to issue a broader criticism of IOTA, alleging that the token’s network is “not truly decentralised,” and that “to claim IOTA is free of fees is misleading.” The IOTA Foundation said they were able to fix the security problem quickly, but researchers at MIT continue to express concern.With crypto technologies like IOTA, it can be difficult to discern the real potential for growth. Many will be unsure of the dynamic behind the token’s recent price surge. The Revain Platform makes things more transparent. Users can access authentic feedback from multiple authors. Revain is completely blockchain-based, which means all reviews are stored in blockchain and can’t be manipulated by any party in any way. Create an account to see feedback about IOTA, as well as other crypto tokens.Simplifying the Internet of Things: Machine Economy was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 09. 11

Smart Cities, DLT Style: Th...

By Rae HadleyFor as long as humanity has been living in a community, there has been a fascination with the cities of the future. Each epoch projecting its ideas forward and striving to meet up to the exalted cityscapes the collective (un)conscious has created.The difference between those times and these is that our current capacity for growth is reaching forward into our futures, and we are getting closer to the point of being able to create our dreams and live them concurrently — we are no longer dreaming forwards, we are (almost) dreaming our ‘now’.Smart cities of the future are in the -high speed- process of becoming a fully realised reality. Cities around the globe are already under the knife. Undergoing the procedures to make them the models of the next generation, as ‘smart’, becomes the new normal: a necessary answer to a world where, according to the UN, 68% of its population will live in urban areas by 2050.​​​​​​​​”A smart sustainable city is an innovative city that uses information and communication technologies (ICTs) and other means to improve quality of life, efficiency of urban operation and services, and competitiveness, while ensuring that it meets the needs of present and future generations with respect to economic, social, environmental as well as cultural aspects”.UNECE and ITU, October 2015The continued rise in the global population indicates a concerted need for the machinations of life to be managed in ways that differ from today. They must take into consideration the needs of globally urbanised, ageing, dynamic populations, alongside the compounding issues of environmental sustainability and resource management.The collaboration between the International Telecommunication Union (ITU) and the United Nations (UN) is part of the necessity for a multi-disciplinary, trans sector, global cooperation between finance, technology, and social agencies to revolutionise this field. The use of disruptive technologies such as the distributed ledger technology (DLT) of blockchain is being implemented with an aim to reduce the global strain placed by densely urbanised humanity, as well as increasing the ‘livability’ of these urban sprawls.Building Blocks, Not Ivory TowersThe momentum and the concept of growth with Smart Cities are developing at such a pace that the acquisition of Slock.it by Blockchains LLC heralded the purchase of 67,000 acres of desert land in the Nevada desert, with the expressed notion of creating a Smart City on its soil.Slock.it appears to have been in the sights of Blockchains LLC as a result of their Incubed product, which allows the connection of appliances and vehicles to the Ethereum blockchain. This connectivity and the potential for other Internet of Things (IoT) devices to be ‘integrated’ with the Ethereum blockchain is of particular interest when the way in which it occurs utilises minimal bandwidth and power. This is a key aspect for Smart Cities, which will evidently have vast power and connectivity needs. To be able to manage these in as minimal a way as possible carries positive environmental and social implications as well as real management issues.How to Train Your CityDubai, New York City, India, and Sweden are all cities, or wider social governance, which have roadmaps to the use of DLT for their Smart City ideas and are leading the way in this urban reformation. And so to the ground-level benefits of Smart Cities. The daily impact on individuals is of supreme importance, and the decentralisation of data will aid the security of the vast amount of information needed to manage these cities. The high level of ‘trustlessness’ possible within a blockchain structure for governance of a city has the potential to revolutionise citizen engagement with transparency of asset information, clean voting systems, and levels of automatic democratic process ensuring resolution on a coded, determined action.Safe data storage within healthcare management and the use of the data from the IoT and Artificial Intelligence (AI) are systems which can support positive actions, such as automatic medication checking or home temperature control to align with seasonal requirements. The ability of blockchain to be the ‘connector’ between different systems and technologies — linking devices to provide seamless actions — is one of its main strengths in the Smart City scenario.Finance and insurance have the chance to minimise their asset losses as a result of these ‘less’ hackable technologies. A situation which one hopes would benefit the consumer, as well as the businesses. Cleaner energy, with a less-is-more style of consumption, is a clear environmental draw. The ability to utilise and ‘buy’ energy, p2p, on a needs basis, has great financial implications for individual households, as well as driving environmental awareness and gains.Decentralised Denizens, Cosmopolitan CitizensThere are multiple opportunities for identification schemes, even linked to ‘reward schemes’. These can then offer compensation for positive behaviours, such as regularly using public transport, reducing electricity usage, or increasing positive environmental behaviours, like recycling.In short, there are many applications for enhancing urban life by utilising this cryptographic resource. Positive, practical solutions to many of our energy and social issues. If, and that is an advised ‘if’, these processes are used for the greater good. They also have the potential to create a ‘knock-on’ effect of a higher level of social confidence in the urban environments, within which billions of us will live.Secure It, Speed Up, and Scale-UpIn the finance-driven global marketplace, Smart Cities need to demonstrate Return-on-Investment (ROI) for an increased ‘buy-in’ by governance and citizens. There is a need for the changes in processes, and in technology, to prove its worth. ROI is one such way. After all, we as a species might intellectually see the future benefits of different technologies, but it is the visible ‘payback’ which triggers our immediate, and instant, desires to respond. Smart Cities are not just being created from the ground up; they are evolving from old systems, as part of an ongoing process.Efficiency has the potential to be impacted by infrastructures which absorb fix-fault-and-maintenance rates, and are coupled with ideas of localisation and control. These watchwords for maximising the capacity of different systems, such as street lighting or water systems, are crucial to demonstrating the new system’s ability to reduce financial, environmental, and social drain, alongside improving people’s quality of life.Navigator and GuideSmart Cities are not about utilising tech for tech’s sake; they are about the enhancement of city living for the inhabitants, conscious decisions and transparent processes for the ongoing benefit of citizens and the planet. The dissemination of technology as a global concern is no longer about mind games and academic rigour; it is about finding solutions to the genuine crisis’ which have the potential to plague our species as we continue to grow in population and mass.The World Economic Forum highlights the many issues that society faces in its Global Risk Report 2019, and water issues are seen as one of these. With the use of technology to assess, prioritise and mediate this precious resources use, and with Smart Cities utilising DLT, the potential to create solutions to social, economic, and resource gaps will revolutionise our global development.Moving forward through the development of Smart Cities, in practical application as well as in academic developments, you will need to have a navigator, a guide who you can trust, and who will give you the latest metaphorical GPS tech for the up-and-coming scenes. Revain is that guide, melding social and technological commentary together to create the dialogue necessary to propel us forward. Follow the latest developments on Telegram, Medium and Revain, and never get lost again.Smart Cities, DLT Style: The Future Is Here was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 09. 04

Why Education Needs Blockchain

By Natalie TsiomasHow would you feel if your diploma that set you back £80,000, had been forged by a stranger and they were benefiting from all your years of hard work and study? What if you applied for a job and later learned that the person hired instead of you had a forged diploma? Investing up to £40,000 a year in one’s education should include protection of this investment, yet data breaches in the education industry are on the rise.What’s the solution? Enter blockchain.A Digital SaviourBlockchain is rapidly becoming the digital saviour to many high-risk data industries. Healthcare utilises blockchain technology not only for protection against data breaches, but for sharing patient data, payments, and even securing prescription drug transactions. The financial industries are also singing the praises of blockchain. Big players like Barclays, have signed patents for blockchain, and JP Morgan created its own stablecoin, the JPM to capitalise on the benefits of the blockchain movement. Education, on the other hand, is paying the consequences for having slow reflexes.According to a Gemalto report published on Campus Technology, the number of lost, stolen, or compromised data records went up 164% in the first six months of 2017, and the number of breaches in the education sector increased 103% in the same period. And online, Politico Magazine, reported that in March 2018, nine Iranian hackers breached 144 universities stealing roughly $3.4 billion in intellectual property.It’s not only data security that is at issue here. Requests for credentials can take weeks to process and can be costly for both the requesters and issuers. Transcripts and records are frequently lost or damaged, costing the education sector billions of dollars each year in both time and money.The lack of technological adoption in the education sector undeniably feeds the industry of forged documents. Forged diplomas and false transcripts are rampant today as a result of an inefficient request process. Suffice it to say, the education sector is crying out for a solution and the turn to blockchain should come as no surprise.A Whole New WorldBlockchains can provide unique digital assets that verify the credentials of academic degrees and certifications — almost instantly, from anywhere to anywhere — and costs no more than the electricity used to send it. Blockchain could save time and money for universities and educating bodies all over the world, eliminating the concern of compromised or lost data, and reducing if not completely eradicating all threats of a breach.There are other benefits too. With the rise of web-based learning, students and educational institutions keep more information in cloud-based storage systems, which makes them susceptible to online attacks and tampering. But blockchain-based file storing could prevent this and would be much more cost-effective than other well-known cloud-based storage suppliers. Blockchain technology could go as far as giving freedom to students to hold a digital fingerprint of all their successes. Imagine having your own personal blockchain, built block by block, with all your education and qualifications collected in one secure ledger.A Light at the End of the TunnelThe future is bright and education is primed to benefit from readily available technologies that help to resolve security issues and reduce administrative costs.MIT Media Lab and Learning Machine’s recent brainchild, Blockcerts, is set to revolutionise the way in which education data is stored and transferred. Primarily used to create, issue, view, and verify blockchain-based certificates, Blockcerts already boasts partnerships with MIT University and The University of Bahrain, who have started issuing diplomas on the blockchain platform.Whether you’re a developer looking to create an exciting new programme or a registrar looking to secure sensitive data, the code is available today on Blockcerts’ simple to navigate website.A Drag-and-Drop SolutionSingapore is known for its progressive nature, and true to its reputation has pioneered a nationwide blockchain-based education system. With 18 schools involved, it could create hundreds-of-thousands digital certificates in the coming years, resulting in a pressing need for programmes such as Blockcerts to be present in many professional organisations. Singapore has created a custom platform called OpenCerts, which operates in the same way as Blockcerts making verifying job candidate credentials as simple as ‘drag and drop.’ The verifications are then completed through Ethereum, now the world’s leading programmable blockchain.A Binary GraduationCanada’s Southern Alberta Institute of Technology (SAIT) is another to board the blockchain bandwagon, with more than 4,800 students graduating in the class of 2019 due to receive blockchain documents along with their traditional parchments. The movement was inspired by a group of students who presented the idea to the SAIT leadership team. The idea was eventually expanded to create a full-scale solution, working with On-Demand Education Marketplace (ODEM). Built on the Ethereum blockchain, the ODEM project was created as a platform for education, offering a variety of courses, opportunities to earn credentials, and a platform to showcase skills as candidates connect with prospective employers. Their aim is to make education and employment more accessible, affordable, verifiable, and transferable.With generations pioneering the adoption of blockchain in established educational organisations and whole nations integrating blockchain into their educational systems, it’s fair to assume that it’s only a matter of time before all students receive a diploma secured by the blockchain.To follow the latest developments of Ethereum and ODEM’s blockchain solutions, join the community on The Revain Platform to see authentic and helpful reviews from stakeholders and industry experts. Revain takes pride in providing honest and transparent information on blockchain developments, delivered on a secure blockchain platform, so you can expand your knowledge on industry developments with confidence.Why Education Needs Blockchain was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 08. 28

Blockchain: The Protector o...

By Gina DuncanSo you’re a gamer, right? Video gamers’ digital assets are essential components in the gaming experience. You’ve created your avatar, loaded your arsenal, and chosen allies. As you are playing you acquire in-game assets, based on the exchange of real-world money. Or, you’ve earned these digital assets during hours of play with each mission, or level completed. But what happens the next time you sign onto the game, ready to join your team, and your avatar is gone? What do you do if another player has successfully hacked in and stolen your digital identity? Or what if the video gaming company has erased you? It’s a gamer’s worst nightmare. Everything you purchased, the missions completed, the levels you have achieved, all your digital assets, gone in a heartbeat. Here’s some vital information for understanding how blockchain might save you many (virtual) lives.There are 2.3 billion video gamers like you in the world today. You thought you owned all your digital assets in a video game, but to what extent are they really yours? In the first quarter of 2019, over $1.2 billion USD in cryptocurrency has been stolen. It’s very clear in property ownership that if the company from whom you purchased physical items (your car, your laptop your house) were to fold, you would still own your assets. That has not been the case in the video gaming world — at least, not before blockchain.Blockchain and non-fungible tokens, or NFT’s, have literally changed the game. NFT’s are blockchain-based, tradable digital assets that are owned by gamers. So all those weapons, arsenals, and avatar characteristics remain your property, your tradable digital assets, your NFT’s.Those NFT’s you own can’t be reproduced or taken away. That’s why major players in the gaming industry are innovating in blockchain. Gaming giant Ubisoft is considering adding blockchain applications to its platform. Planetarium, a South Korean startup, plans to launch games on its own blockchain to help its gamers be creative with their digital property ownership. As a gamer, you should know your NFT options.The Protector of Gamers’ Digital Property RightsIn the eyes of the law, there are three types of property: real, personal, and intellectual. Ownership of fixed property like land or a house is real property. Personal property is ownership of items such as your car, television, or jewelry. These are consumer goods. Intellectual property is the ownership of an intangible creation of the mind, like a song you wrote, a film you produced, or a literary work. The laws are clear on how to handle ownership and theft of these three types of property.The legislation is not clear when it comes to your intangible digital property rights. The laws are written to favour the rights of the developer’s intellectual property, over your intangible ones, in what’s called the End User License Agreement or EULA. Did you know that EULA is a contractual relationship that you, the gamer, enters with the copyright holder of the video game every time you commence play? Essentially, it means video gamers are given the right to play the game, and nothing else. The courts haven’t decided how to police your ownership of intellectual property that doesn’t exist in the real world.Thankfully for the gamer, game developers, especially independent ones, want their players to keep playing. So they are getting behind the addition of blockchain applications to their video games, giving gamers control of their digital property. Developers are gamers too, and they know it’s all about the player experience.So, just how do you take control of your gaming rights with blockchain?Blockchain allows for a separate, secure, decentralised record of ownership of avatars, and in-game assets — virtually anything of value in a game. It allows the gamer to have complete control with 100% ownership of their digital property, their NFT’s.Blockchain benefits include:Allows gamers who own that in-game asset to exchange or sell ownership. If a player exchange or sells an in-game asset to another player, the transaction is recorded on a blockchain. The blockchain recognises the owner and ensures every transaction is legitimate, that it can only be sold by a true owner.Increases the value of these digital assets, creating a virtual digital asset marketplace.Blockchain generates a secure record of ownership that cannot be duplicated and cannot be tampered with. In doing this it eliminates the trade in counterfeit digital assets.Digital assets can be combined to get another asset or create a new experience in a game.New Developments in BlockchainThe video gaming industry earned $134.9 billion USD in 2018. It generated more than the music and movie industries combined, making it the most lucrative industry in the entertainment world. The largest segment of that revenue, 47%, is being generated from mobile gaming applications, and that figure is steadily rising each year. Console gaming alone was up 15.2% from the previous year, with all major sectors generating an increase in revenue. Developers want to expand their platforms to leverage these trends.Gaming Giant Ubisoft and Startup Planetarium are Considering Blockchain ApplicationsCrypto gaming startups and existing developers are integrating into this space, with an eye on improving the security of blockchain to control their independent developer rights. More importantly, they want to revolutionise the gaming industry by supporting, and creating for the gamer, digital property rights.The fourth-largest, publicly-traded, video game company — French video giant, Ubisoft — is in the advanced stages of introducing blockchain applications to their games. French newspaper Les Echos writes that Ubisoft is making these advancements as a strategy to gain a stronger competitive edge in the gaming industry.Ubisoft, known for Assassin’s Creed and Just Dance, was inspired by Epic Games, the creators of Fortnite. While Fortnite is free, Epic Games has had immense success with player in-game asset purchases. Ubisoft is planning a similarly-monetised digital property application. However, unlike Epic Games, and in an effort to transform the player’s personal gaming experience, Ubisoft will use blockchain to monetise in-game purchases, and preserve the digital property rights for the users of their games.It has not been reported whether Ubisoft plans to monetise in-game assets for an existing video, or a brand-new one. It depends on whether the French legislature adopts a proposed crypto bill, which is awaiting regulatory approval.Similar plans are underway in South Korea with blockchain gaming startup Planetarium. For a new version of its Nine Chronicles game, Planetarium is planning to store its storyboards and data on its own open-source blockchain platform, Libplanet.Planetarium supports games being made to run on Libplanet in the hope that this will give the user the creativity to produce their own game versions. They support the creation of video games where decisions are based on the needs of the individual game, not the entire platform. Planetarium looked at Warcraft II and League of Legends as halcyon examples, but plan to improve the experience for the user by inspiring creativity. Planetarium seeks to be a decentralised platform where games can run forever.Blockchain technology continues to transform the experience of video gamers. As legislation begins to better define the intangible property rights in NFT’s, more video game developers in this billion-dollar industry will make advancements onto this platform. As a gamer, you will want to keep up with the latest developments and understand how they benefit your game. Let other gamers’ research and reviews help you have the best gaming experience with blockchain.Revain’s Platform: Other Gamers Are Your Best AlliesAs a gamer, whether in the game or out, other players are your best allies. Revain’s platform offers you the opportunity to share information, ideas, and reviews with other gamers. Revain gives you unique developer-to-consumer access to provide insight into the growth and development of blockchain-based gaming products.Revain has made recent developments to its platform, adding a notification centre that enhances functionality, making it easier for you to keep track of comments, replies, and likes. The centre can be accessed by clicking a bell icon at the top right of your screen, making sure that you don’t miss out on any communications received. We’ve got your back. Stay on top, and play-to-win with Revain!Blockchain: The Protector of Gamers’ Digital Property Rights was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 08. 20

Blockchain Will Upgrade the...

By Rae HadleyBlockchain, as a conceptual system, is deeply interwoven with the idea and systems of cryptocurrency; however, these two are not mutually exclusive. Cryptocurrencies use blockchain ledger concepts within their systems; and yet, blockchain itself can be used for so much more. The Internet of Things, and the fast approaching Economy of Things are data-led, ‘intelligent’ arenas which have the potential to draw images of SmartCities, and inter-communicative devices from our minds into our day-to-day reality.Building BlocksBlockchain is a system which retains the information given to a ledger, in a specific block, and holds that transaction there, securely. Once the block has been validated, a hash is assigned to it, and the next block has been created or ‘mined’. Once added to the chain, it is extremely difficult to get back into it to change any of the data.In order to get in, you would have to get all the different nodes that validated the data to agree that the change is viable, and you would have to either get into the block before the next one logs — thus avoiding a hash-string debacle — or change the hash signatures on all of the blocks, including, and superseding the one you want to infiltrate. Does it sound impossible? Good, because it pretty well is!AI and the Internet of ThingsThe Internet of Things (IoT) is the connectivity between devices and the exchange or flow of data between items like TV, furniture, smartphones, and smart-home systems. According to Cisco, by the year 2030, there will be 500 billion devices attached to the Internet. That is a mind-blowing number, and when we stop for a moment to consider the amount of information these devices will be processing, well, the numbers just went off the charts.At IoT’s micro-level, it is, in effect, the conversation of a team whose goal it is to create the environment an individual has envisaged. At its macro-level it can be a citywide or global network of data ‘conversations,’ sharing information and acting with predetermined behaviours to specific stimuli.All of the items around the globe which have inter-device connectivity fall under the incredibly broad parameter of the Internet of Things. This network runs parallel to the human internet world, with its own systems of communication and niche ‘communities.’The ways that devices attached to the IoT convey, manage, and store personal data has become a concern, a hot potato, which is heading in the direction of decentralisation.Liquid EconomyThe Internet of Things is set to become the Economy of Things through the “liquification of the physical world”. We are in a time — and an ecosystem — when the assets around us have the capacity to be searched for, managed, and monetised in the same way you would a digital commodity. Digital information — data — has become a viable type of goods, with pieces that are tradeable for financial gain. Whether we have systems in place to maximise the financial potential of our data ourselves is a question we should all be asking. Regardless, that time is upon us and if we do not look to manage our data someone else will. Data is currently being sold and shared between companies because the majority of the originators — consumers — are not conscious of how to retain ‘authorship’ of their personal data.Data Decentralisation and OwnershipIdeally, blockchain would be in charge of handling the personal and transactional data from the IoT, creating a safe haven for this information to ‘dock.’ In order for it to be safe, it needs to be beyond current encryption/decryption hacks and blockchain, by its hash-signature nature, for the main part is. Currently, the only real issue with this decentralised system is the threat posed by quantum computing, and even this threat appears to be on the wane as different hash iterations are developed or found to be quantum proof.The machine-to-machine ecosystem of the IoT works in tandem with product AI in much the same way that decentralisation and data privacy are the hand in the glove. These duos reflect back on each other and impact on their working mechanisms in an evolving dance of two connected, contact improvisation partners. By their mutual contact, the one is transformed by the other.If data is the new gold then why are these gleaming nuggets — data from wearables, smartphones, and smart-home appliances — in the hands of the technology manufacturers and not in the hands of their progenitors? The adoption of blockchain as part of a viable, machine-to-machine ecosystem, by consumers, should start with the reinstatement of data ownership to them.Giving “More Than One IOTA”IOTA is at the forefront of the trustless, permissionless, decentralised blockchain-like systems. It is similar to blockchain in it’s peer-to-peer, decentralised, distribution ledger technology. However, it diverts from traditional blockchain technology through its use of a scalable system of simultaneous and non-linear transaction that ‘issues’ rather than ‘mines’ blocks.Scalability has, until now, been an issue with blockchain. The huge amount of energy needed to ‘mine’ the blocks, and the validation system which must be completed before there is a possibility of moving on and creating the next ledger, has caused issues with the capacity for greater numbers of transactions. The rapid growth of the IoT has greatly impacted exactly this issue.The exponential leap in numbers of devices, all communicating and (eventually) commodifying their data, has meant that the current systems have a potential bottleneck. However, with the advent of 5G comes a comparable leap forward in processing times and the possibility of alleviating these problems. Working hand-in-hand with blockchain and the IoT, 5G has incredible possibilities. This triad, forming the underpinning of the financial aspect of data use in the EoT, creates room for data originators to also be, at least for a time, the beneficiaries and initial managers.Bosch and Volkswagen are two major players who are currently teaming up with IOTAs Tangle, a transactional data and settlement system for connected devices. In a move potentially aimed at innovation and inter-system dialogue, Bosch launched their XDK (cross-domain development kit) and is being hotly pursued by Volkswagen, Hyundai’s Hdac, and Australia’s Ultimo Digital Technology, all of which are looking at different ways to utilise blockchain for information authentication, supply chain transparency, and verification of product from origin through to consumer.The importance of the verification process cannot be underestimated especially in an age when processes and decisions are being made on the basis of previously provided information. The necessity for valid (confirmed and correct) date can have far-reaching consequences when the arenas within which it is being viewed are health, finance, and governance, and the actions being taken are automated responses to the preceding information. The integrity of the data being validated in the inter-woven IoT, is obviously critical.At this current juncture in history, it is abundantly clear that “AI needs data, IoT needs intelligence and insights, and both need security and transparent marketplaces.” With the advent of decentralised, non-linear blockchain technologies, these interlinked needs are fulfilled in a purposeful, win-win scenario for individuals and big business — and it’s about time, too.These AI, IoT, and EoT developments are likely to become even more of a social and even political concern as they progress. Here at Revain we have placed ourselves in the midst of technological advancement, ready to provide the latest information and savvy critiques to enable you to grow along with us and advance your business and your knowledge bases. Check-in regularly, for updates on trends and developments in blockchain, AI, cryptocurrency, and fintech.Blockchain Will Upgrade the Internet of Things Into the Economy of Things was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 08. 12

Is Libra a True Cryptocurre...

By Gystilyn O’Brien and Jill AndersonWhere regulators and government officials have some valid questions regarding security issues and the intention behind the Libra Foundation and its foray into the “cryptocurrency” scene with the introduction of the Libra coin, there is also the question of whether the coin is, in fact, a true cryptocurrency?To Be or Not to BeTo this question, cryptocurrency investor and co-founder of the bitcoin company Coinapult, Erik Voorhees posted on Twitter: “Relative to PayPal or to the US dollar, Libra is very much a cryptocurrency. Relative to Bitcoin or ZCash or DAI, Libra is not all that crypto-y.”Specifically, in comparison to PayPal, an account is pre-loaded with funds that you can use to make “digital” purchases — without ever handling the actual currency. The amount is deducted from your account and goes to the merchant, all seamlessly, and the transaction is recorded in each ledger on the blockchain — just like cryptocurrency. But the similarities stop there.One primary difference is that a true cryptocurrency is anonymous — the owner (purchaser) and receiver (seller) identities are verified by means of the blockchain record that follows the coin. Without the key to unlock the PKI encoding, one cannot ascertain the identities of the interested parties. Voorhees seems to agree, tweeting: “[Libra] is clearly not a pure cryptocurrency. Nobody should expect privacy by using it and nobody should expect the true borderless standard of most cryptos.”Further, a true cryptocurrency, by definition, does not fall under the jurisdiction of an individual or a “select group” of individuals who may wish to control the currency either through censorship or (self-imposed) regulations. The decentralised nature of the blockchain is its inherent beauty. And while Facebook assures the public that they will ultimately move toward a more decentralised system, not only are there no assurances that they will ever do so, but the project’s white paper declares that the goal for Libra is: “A stable currency built on a secure and stable open-source blockchain, backed by a reserve of real assets, and governed by an independent association” (italics added by author). Can someone please explain, how can it be both governed by an independent association, yet remain decentralised?Unlike cryptocurrencies which are, according to International FinTech, based on a crypto algorithm, the Libra coin, according to the Libra white paper, is backed by fiat currencies. These currencies originated from a group of Libra Foundation members of geographically distributed and diverse businesses, each of whom invested the equivalent of $10 million USD (in their local currency) to create a reserve, which will aid in backing transactions with fiat-based real assets.So, What is Libra?At first glance, the Libra coin may appear to be a “stablecoin” in that it is tied to the value of a “stable” asset — in this case, a fiat currency. However, upon closer review of the Libra white paper, the reserve is described as a “basket of bank deposits and short-term government securities.” Not to split hairs here, but an asset that is backed by a security is, itself, a security; and therefore, subject to capital gains/losses taxation for each transaction. Now that promises to be a huge headache for the everyday consumer.In the opinion piece by Nicolle Acheson and posted on Coindesk, she points out, Libra Isn’t a CyrptoCurrency. It’s a Glimpse of a New Asset Class. And on the forefront of a digital financial-disruption frontier, it’s not a wonder that new asset classes are likely to come and go.Bottom-line BusinessRegardless of what the Libra coin truly is or how it will be officially classified, for a digital currency to make way into the mass market for day-to-day consumer use, it’s a common consensus that it must have a level of stability that currently isn’t present in “true” crypto coins. Bitcoin, Etherum, and others are all volatile commodities: sometimes gaining, sometimes losing up to 10 to 20% of its value in a single day. This is a huge deterrent for mass adoption for general, everyday transactions as no one wants to purchase something today that would cost significantly less tomorrow.As Forbes reports, the mass-adoption of a digital payment system (cryptocurrency) should incorporate “…simplicity along with the elegance of concept, easy integration points for partners, and ability for an exchange to work with. However, stability is key. Short-term stability is important for transactions and long-term stability is important for holding.”Therefore, the stability that the Libra coin promises will appeal to a population ready to adopt a cashless society. According to Voorhees, “Libra has a good chance of helping hundreds of millions of people avoid middlemen fees, and increase their wealth and financial sovereignty.” He states:Lots of blockchain projects will be created and played with while the world rebuilds the financial system upon this new technology. Different assets will serve different markets, at different times, in different ways. Libra will serve the mass market, and be the single largest bridge toward decentralised finance that has ever been built.While the jury is still out on what exactly the Libra coin is, and whether or not it will actually alleviate middleman fees, or simply replace them in the guise of ‘commissioned transaction rates,’ Acheson predicts that it is likely to be officially classified as a security, and rightly points out that new technologies are sure to develop that will streamline taxation issues, paving the way for widespread adoption. Backed by the reach and infiltration of Facebook, don’t be surprised if “Libra” becomes synonymous with “cash,” a common household word.Do you have an opinion on the Libra project? Revain’s Review Platform was designed for this very purpose — to evaluate, watch, and monitor blockchain-based projects, such as Libra. This is the place for the community to come together to support particular blockchain-based projects, a think-tank where people can voice concerns and opinions.As blockchain provides the general population the option to remove controlling third-party interests in our future financial transactions, it also gives the community an immutable platform to discuss the potential pitfalls or windfalls of our evolving society. On Revain, we can collectively influence the future and fate of blockchain projects that affect us all.Is Libra a True Cryptocurrency? was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 08. 07

Revain Monthly Report: July...

We’re hoping that your summer is just as productive as ours, cause we certainly aren’t slacking off. This month we’ve delivered two major releases that added a lot of functionality to the platform and expanded upon the already existing social aspect of it. R token was listed on two new exchanges and our team tried itself at the K-Startup Grand Challenge 2019.Here’s how this month’ timeline looks like.July 1. Revain (R/ETH pair) was listed on the Bitcratic Exchange.July 3. R/USDT trading pair was added to the KuCoin exchange while the existing trading pair, R/ETH, was delisted.July 9. We’ve rolled out a major feature: the ability to update your old reviews with new information.July 9. The RVN giveaway was launched to celebrate the release.July 12. Our co-founders, Rinat Arslanov and Grigor Aproyan, presented Revain to the global auditions in Berlin. Revain is going into the second round of SouthKorea’n K-Startup Grand Challenge 2019.July 16. We’ve rolled out another major release that added three new features to the platform:♦ Revain Experts page — all information about our ‘Experts’ status in one place.♦ Latest reviews — see what’s going on with review flow on Revain♦ Author’s profile — every user now has his own profile that s/he can extensively customize.July 24. Yet another platform update was released.This time, the platform received a notification center and a page dedicated to author rankings.July 29. R token was listed on p2pb2b exchanges.P2PB2B provides fees-free trading for its users and more than 95% of all cryptocurrency on the platform is stored in cold wallets.That concludes it, join our social networks and stay tuned for more updates!Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain Monthly Report: July 2019 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 08. 06

Libra: Unbank the World

On June 18 of this year, Facebook released its white paper announcing its move into banking with Libra coin, a cryptocurrency established by the Libra Association. In terms of moving traditional third-party banking into p2p blockchain, the goal to integrate the ‘unbanked’ world population into a mobile app cryptocurrency system has a sound foundation. Libra would allow, through apps like Facebook, Whatsapp, and Calibra mobile wallet, global transaction commerce and exchange based on a stablecoin reserve which aims for a ‘permissionless’ ecosystem — or so they claim.The idea is that Libra will allow global users to fuel their Calibra wallet with fiat currency (bank accounts, paychecks, credit, cash) and exchange that currency into Libra coin with no exchange fees. Libra can either be spent or transferred and exchanged again into “the local” fiat currency for use. Where currency exchange rates for fiat money would still be tied to the local currency (e.g. dollar:pound), the value of Libra would be based on a “Reserve crypto” monitored by the Libra Association.The Libra Association, proposed to be a 100-member ‘founding’ collective of geographically distributed and diverse businesses by 2020, made primary investments in the equivalent of $10 million USD in their local currency to create a Reserve, which will aid in backing transactions with fiat-based ‘real assets’ — in theory, providing a secure decentralised ecosystem. The use of blockchain infrastructure aims to ensure security, while the Libra Association will monitor system.A Conglomerate Club?Curiously, the Libra Association membership has an extremely high entry fee, requiring not only the primary investment, but also a demonstrable business value, including a $1 billion USD market value with $500 million USD active customer basis, 20-million multinational followers, and it must have been established as a top-100 industry leader by a third-party association, such as Fortune 500. Any names come to mind?Where a strict voucher system for investors may seem like a good idea for an association tasked with global transaction monitorship, it also insinuates a certain monopoly-type goal in regards to changing the nature of economic commerce from Big Bank into a beast regulated solely by Big Business. Marcuk Ferber, a German member of the European Parliament, said Facebook, with more than 2 billion users, could become a “shadow bank,” and warns that government-based business regulators should be on high alert.Jerry Brito, executive director at the research non-profit CoinCenter, has taken a hard look at the situation and, in spite of optimism for what could be a great transition into financial equality by applying open-source and public access to all, has some questions worth evaluating.In a long Twitter post he addressed the section on becoming a ‘permissionless’ network stated in The Libra Whitepages: “With the testnet, the association starts the journey towards building a permissionless system. And where there are a number of technical and economic challenges that will need to be solved together with the open-source community to make this a reality, we believe that for the Libra network to achieve its full potential it needs to be permissionless.”Brito writes in response:As far as I’m concerned, this is the most important paragraph in all the materials released today. Knowing some of the folks behind this, I don’t doubt the sincerity of the sentiment. But I’m having a hard time understanding how Libra becomes permissionless. Permissionless to me means (at the very least) that the functioning of the network is not contingent on any single person or group of persons. Seems to me Libra becoming that kind of permissionless has technical, legal, and governance challenges…On governance, it’s important to note there doesn’t seem to be anything binding the Association to a permissionless path (though that may be their intention today). It’s unclear to me what incentives investors will have to grow the membership and to eventually give up the float. If Libra becomes wildly popular and is very profitable, the incentive may be to remain permissioned and limited to a fixed number of member-owners. Clearly the aspiration is to avoid this, but is there any mechanism in place to counter that incentive/temptation?”Brito makes a good point, one we should all consider carefully and voice our opinions to build strength as a community, and use that influence to affect the future of our financial overseers.Suspicions AboundConcerns are running high throughout the business sector and making governments tremble in their boots. In an open letter created by a US coalition of business owners, signed by Open Markets Institute, Public Citizen, Revolving Door Project, and Demand Progress Education Fund, a public request was made for the members of Libra Association to drop the Libra concept.We call upon you as respected members of the business, financial, technology, and civil society communities to collectively withdraw from the Libra project. The Libra project is a global parallel currency with significant competitive, political, financial, and social implications. The ostensible purpose is to service the 1.7 billion people without access to traditional banking products and services. Achieving a laudable goal should not be cheapened with a project whose aims are in fact unclear and whose leadership structure is based on fear.In Senate hearing, Examining Facebook’s Proposed Digital Currency and Data Privacy Considerations, [US] Senators on both sides of the aisle reflected deep skepticism towards virtually every aspect of the Libra project, including its potential to facilitate money-laundering, terrorist financing, bank runs, systemic risk, evasion of sanctions, and anti-competitive activity.US and European accusations regarding Facebook’s slew of privacy and antitrust investigations have the US Senate reeling when looking at Libra. Facebook says that it will use “all the same verification and anti-fraud processes that banks and credit cards use, and we’ll have automated systems that will proactively monitor activity to detect and prevent fraudulent behavior.”The speed with which technology is advancing proves that it is practical that financial economics should transition into blockchain for secure record-holding. The question standing is whether or not the Libra Association will actually be that blockchain. Statements like ‘anti-fraud processes’ are very much attested to be unnecessary in the physical mechanics of blockchain, which implies the question: Does Facebook, and Libra Association by proxy, intend to misrepresent their project?The very prospect that the Association is funded and self-monitored by Big Business begs the question of whether Satoshi Nakamoto’s intent was to liberate us from the control and structure of, in this case, financial institutions only to hand that power and control over to Big Business who want to become financial institutions?The beauty of a review system, such as Revain’s Platform, however, is that it provides the opportunity for everyone, big or small, to speak out, either for or against, projects such as these using the blockchain’s power, security, and immutable nature to ensure that opinions are genuine and authentic. The Revain Platform is built on blockchain and uses a custom-built AI trained to evaluate all reviews to differentiate between “useful” and “unproductive” reviews based on positive and negative aspects of language, so the average Joe can rest assured the reviews are unbiased and constructive and then evaluate and decide for him- or herself, whether the Libra is, in fact, a good idea or not.Libra: Unbank the World was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 07. 31

Revain to Venture into Gaming?

By Emma SimpsonThe gaming industry is considered the most lucrative and profitable source of entertainment globally, with a $134.9 billion USD market enjoyed by over 2.3 billion users. Mobile gaming currently accounts for the majority share of the industry’s revenue — 47% percent of it — and blockchain technology is armed and ready to shape the future of the industry.The year 2018 was considered the first ‘official year’ for crypto-gaming, marked with the release of the tongue-in-cheek ‘CryptoKitties’ in late 2017, in which users breed and sell digital cats for Ethereum. These digital felines are tokens that can be traded between wallets for other cryptocurrencies and in-game assets. As simplistic as this game developed by Axiom Zen is, this was the first time that crypto-gaming was thrust in the public eye as a viable development direction for the gaming industry.Blockchain technology has the ability to bring new opportunities, remuneration, and incentives for avid gamers as well as providing increased security for gamers. As a result, technology heavyweights are backing a foray into crypto-gaming. The $16 million USD Series A funding raised by Mythical Games in November 2018 is a prime example. The raised venture capital will be used to develop a line of games across a variety of platforms on the EOSIO blockchain, giving developers free rein to develop “player owned economies.”Big names such as Sony and Epic Games are reported to be exploring blockchain use with PlayStation 4 set to launch a blockchain-based video game in 2019. Microsoft is in the process of releasing a blockchain-product that would manage content rights and royalties of Xbox. Ultimately, the revolutionization of gaming through blockchain technology is already in motion.Why Use Blockchain Technology in Gaming?In traditional legacy games such as Call of Duty and Counter-Strike, users embark on quests to complete missions in order to earn ‘rewards’. These can be in the form of weapons, supply drops, equipment, and other assets relevant to the game.The value of these virtual assets becomes apparent as the gamer progresses through more advanced levels of action where these rewards can be used to accomplish increasingly difficult tasks (kills). They are often sold or traded as well. This exchange of in-game assets has become a highly lucrative industry, with an estimated worth of over $50 billion USD and growing.However, in-game items and Avatars are owned by the game developers regardless of any peer-to-peer transactions that take place. Storage of virtual assets and characters on blockchain allows for a decentralised ownership record separate from the gaming company. As a result, virtual assets increase in intrinsic value and liquidity, as the players themselves have irrefutable ownership rights over them. This is the same for popular blockchain-based games such as CryptoKitties with non-fungible assets.Transferability and AuthenticationA common problem that plagues conventional gaming is the inability to prove ownership of specific virtual items acquired in gameplay, which can ultimately lead to fraud.By the very nature of the blockchain technology, there is a secure ledger that records a player’s assets and records the authenticity and the “scarcity” of the asset. If a player sells an in-game asset to another player, the transaction is recorded on the blockchain. This ensures that every transaction is legitimate: items can only be sold by the true owner, and can only be sold once, thus eliminating fraud and preserving the value of the asset.With the immutable record of game data, assets can now be transferred between gaming platforms via a ‘smart contract’ and the record will follow the asset, authenticating ownership (and value) to the new gaming environment.Further, for those who take their online digital identities (Avatar) seriously, the blockchain also secures this for a player. The blockchain technology not only safeguards the Avatar’s special features and virtual assets but it also protects gamers from hacking, thereby securing personal information.Revain’s Transition into GamingRevain’s Platform is an unbiased review platform built on blockchain technology revolutionalising the review industry. The Platform’s trusted customer-review system provides trustworthy, constructive, and authentic feedback on projects, companies, exchanges, etc. With the current focus on crypto-market, Revain is to expand its horizons to the consumer market and gaming just may be the logical next step for The Platform.With the power and integrity of blockchain technology, Revain is in a prime position to create a community of gamers so that they could review existing gaming platforms and, in general, discuss developments in the gaming industry, helping to shape the future of this favourite pastime.Benefits for the Game DeveloperIn a community-driven environment such as The Revain Platform, developers could amass peer support for new gaming concepts. The Platform is a prime candidate to provide an opportunity for direct developer-to-consumer contact, eliminating third-party intermediary that aids with the marketing and distribution of crypto-games. This also allows the developer to exercise complete control over their digital rights to the game.Small-scale developers could also potentially overcome major barriers they often encounter when trying to enter this competitive market, such as securing funding for development — as Platform participants may be more likely to promote crowdfunding efforts to launch innovate ideas. And with further consideration, it is conceivable that Revain could even play a role in developers receiving cryptocurrency payments directly from the game player through the implementation of smart contracts, further facilitating the direct developer-to-consumer connection.And finally, as game developers establish a reputation through user reviews of their products, there is also an opportunity for further monetisation of their games through the establishment and secure trade of virtual assets with verifiable intrinsic value.The continued integration of blockchain into the gaming industry is undisputed, as seen in the increase of available crypto-games and by the steps taken by major names like Sony to integrate blockchain technology into their existing consoles and games. Of all these possible benefits to implementing The Revain Platform for community building, support, exchange, and funding, the only questions remaining are when and how Revain might step into the ring and will you be a part of the action?Revain to Venture into Gaming? was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 07. 26

Crypto Gaming and Where It ...

If Super Mario had a dollar for every time he was told that one day, he would be able to race someone on the other side of the world he would be out of pocket as well as out of gas! A few decades ago, crypto gaming seemed as bizarre as beating Bowser without a cable even attached to the joypad. The future is now folks. Crypto gaming startups are popping up across the web like acne on the face of a teenager!Fun and Games in MinskTowards the back end of 2018, the first Crypto Games Conference took place in the capital city of Belarus. With well over 600 computer nerds merging in from over 25 countries, it’s clear that the mortal is trying to combat the old ways of console and TV. As crypto gaming startups are not only on the horizon but firmly integrated into the present day, it is somewhat relieving to know the security of blockchain gaming experiences is being documented more diligently.Hailing from a host of different countries across the globe, 65 international speakers took their place on the podium to deliver speeches about the crypto-gaming foundation. These men and women are the blueprints of this industry and it is to be said, the next generation of crypto-gaming symphonists who will undoubtedly take some of their inspiration from this single moment in tech history.Many useful insights were shared by Vladimir Tomko, the reputed game producer and CEO of Blockchain Cuties. According to the Crypto Games Conference in Minsk, Blockchain Cuties was voted as the best current crypto game in the world. Now if this doesn’t validate a good speech at an online gaming event, who knows what will? One thing that makes Blockchain Cuties so unique is its strong community, something which instantly reassures new users that a particular crypto game is a safe bet, but we’ll delve further into the safety of gaming later.Within just half a year, the crypto gaming community has grown significantly as more than 1,000 people were in attendance at the third installation of the Crypto Games Conference. Round 3 also rumbled in Minsk; this two-day action-packed event was loaded with over 100 speakers and 150 gaming brands, shot to perfection by roughly 50 different media companies. Speakers from world-famous companies like NEO and EverdreamSoft spoke in depth about issues such as open in-game economies, liquidity in games, and legal and regulatory issues. Panel discussions were spread across three different halls and indie game developer exhibitions were lapped up by the biggest blockchain gaming community. These discussions gave the media and investors an opportunity to stumble upon the most promising and innovative games of the future, whether they were still in the development stage or had already been commercially released.Are You Ahead Of The Game?If you’re Sonic the Hedgehog and you’re travelling too fast and crash into something, what happens? You lose all your loot! The same thing can happen if you’re heading through the crypto gaming world too quickly. You’re so excited and the anticipation of first discovering the next hidden gem is almost too much to bear. Before you know it, a prickly surprise pops up to greet you in the form of a ‘server down temporarily’ message. This leaves Dr Robotnic to initiate another dishonest crypto gaming startup with his ill-acquired revenue from innocent gamers.According to Ciphertrace, over $1.2 billion USD in cryptocurrency has been stolen in the first quarter of 2019 alone, a figure which doesn’t inspire a volt-load of confidence. Dangers of this magnitude are more than likely to filter into the crypto gaming industry, bringing us to the question, “what can we do to protect ourselves?”Celebrity endorsement might as well be the 10 Commandments nowadays: if Brad Pitt loves it, then it must be legit. Scammers know this and exploit such influence for their own benefit. Look out for your favourite celebrities tweeting about the hottest new crypto gaming websites. There is a possibility that these are actually fake profile postings with the intent of getting unsuspecting victims to ‘sign up today’ — con artists aren’t the most patient breed. Posts of this nature will almost certainly be authenticated by a few wingbots so keep your guard up to be on the safe side. Use your common sense if an offer seems too good to be true, it’s probably a scam.Thankfully, blockchain is standing in the consumer’s corner and is battling the wrath of cybercriminals like Duke Nukem on steroids. One of the biggest drawbacks of blockchain games at the moment is their visual quality which is not exactly bursting with magnificence. However, to balance this argument, while those elements have been placed on the back burner, progress has been made of late. Blockchain games offer complete transparency, as well as a more secure way to store objects and tokens, consequently instilling more trust into the crypto-gaming world.Crypto gaming startups will continue to grow in popularity as there are currently more than 2.5 billion gamers across the globe. The grim news is that some of these startups will be nothing more than con artists who prey on the young and naive. The good news is that blockchain is offering a safety net for this thriving cartel of gaming junkies. Video quality isn’t yet as high, but that doesn’t mean that all non-blockchain crypto gaming sites are picture-perfect. There is also the risk element to consider when playing on non-blockchain sites. One way you can be more certain of the credibility of sites like these is to do some research first and read reviews.For your ReviewThe blockchain safety net is a huge asset to serious gamers who take this pastime seriously, protecting them from nefarious scams and sub-standard products. But let’s not overlook the other, just-as-important value proposition blockchain can provide the gaming community — a transparent and immutable voice, the opportunity to participate in the development, growth, and ultimate success of blockchain-based gaming projects.Revain’s Platform provides the opportunity for gamers to converse with like-minded individuals. It offers a forum to share unique insider thoughts and perspectives as well as the opportunity to endorse rising stars or bring to light the questionable.Currently, The Platform hosts a number of blockchain-based projects in the gaming niche. For example, GameCredits (rated 3.7 stars) aims to become universally accepted cryptocurrency, bridging multiple gaming platforms and “to accelerate the wide adoption of decentralized cryptocurrencies”; Game.com (currently not rated) is an exchange where gamers can trade digital assets, and claims to be serving “billions of players all over the world”; and Kubera Coin (currently not rated) allows gamers to bet on P2P gaming outcomes where results are consistent and “provably fair,” as well as immutable.All of these projects are currently on Revain’s Review Platform inviting player reviews and analysis which will help others evaluate company credibility and possibly shed light on future outcomes or spinoffs.Revain: Give The Game AwayOur website is your window into the world of reviews and could make all the difference between a healthy bank balance and abysmal bankruptcy. You don’t need to fall victim to the fraudulence of some crypto gaming startups. We offer you a platform to share your own crypto-gaming experiences and search for other crypto gaming reviews. What’s more, you can even earn tokens for your efforts and help to build the power of the peoples-word through Revain’s platform.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crypto Gaming and Where It Goes From Here was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 07. 11

The Threat Of Quantum Compu...

By Rae HadleyFinancial institutions, the Internet, and organisations that rely on traditional cryptography are undergoing a radical crisis of confidence under the threat of quantum computing (QC), and they are looking for new ways to protect blockchain technology from potential attack. The possibility of cyberattacks occurring grows increasingly imminent and in the same breath, previous estimates of the time scale for functional quantum computers are continually being brought forward.Progress is currently growing at a staggering pace, as both the fields of QC development and blockchain ‘quantum proof’ encryption look to counter one-another in the technological boxing ring.So Let’s Start at the Beginning.In the beginning, was the ‘bit,’ which existed in a state of either 0 or 1. Flash forward to now, and concepts surrounding quantum computing are blowing people’s 0s and 1s — both at the same time.Quantum computing is based on particle pieces, similar to the aforementioned ‘bit’ — but quantum bits or ‘qubits,’ are suspended in a state just below absolute zero. These qubits, amazingly, can exist in multiple positions, either 0 or 1 or, their most desirable state of ‘superposition,’ both binary options at the same time. This state of simultaneous positioning enables quantum computers to calculate complex equations at extraordinary speeds, and it has led to the current concern regarding the future of blockchain.Speed MattersBlockchain has become the system of choice for many big businesses primarily because of its decentralised approach to information management and the relatively secure nature of its architecture — until quantum computing, that is. To be clear, quantum computers are not any more ‘able’ than standard machines to crack crypto codes. What they are is super fast and therefore potentially able to break through conventional cryptography on information as it is being locked down, or “validated” in the blockchain. Time waits for no man — and in the case of the QC, ‘polynomial time’ whips along at speeds that make heads spin.The Currency of InformationEconomics and big-data businesses are all aware of QC developments concerning past and presently encrypted information. Utilising past information — with symmetric encryption — is like grasping a thread. Once you have hold of it, it is easy to track both forward and backward, seeing from where it came and where it is going, like a gateway.Quantum computing implications reach far beyond those in finance, big business, and government, too. Breaking long-standing encrypted information may or may not be a good thing. Certain (nefarious) groups would not want their past affiliations known and, potentially, then their current state of affairs followed as if through a gateway, beginning at the first line of enquiry.It is not just about their ‘in-the-moment’, static information. Worldwide, there is a lot of old encrypted data which — when suddenly decrypted — could lead to the resurfacing of painful wounds and a resurgence of animosity. Do we really need to know more about specific times of less-than-positive human history? Could the breaking of these codes then break down what is too often fragile peace, precipitating a loss of trust? After all, tech is just tech, ambivalent until humans utilise it.Quantum CryptoSo, time is one problem trust is another. A further issue is forward security. Forward security is the concept that if one key in a mass generated batch is cracked, then the other generated key signatures remain valid — you don’t lose the whole basket of eggs. Buchmann and Hülsing discuss this at length in their 2011 white paper, XMSS — A Practical Forward Secure Signature Scheme based on Minimal Security Assumptions.In their 2016 white paper, Shorter Hash-Based Signatures, Geovandro C. C. F. Pereira, Cassius Puodzius, and Paulo S. L. M. Barreto acknowledge that previously considered problems like “very long key generation time, … the actual signature size and consequent bandwidth occupation, as well as leakage-resilience,” are all issues of concern with any forward-looking protocols. Specific problems with hash-based signatures appear to have been sufficiently addressed as they are now considered quantum resistant or are, in effect, actually post-quantum crypto-systems.In spite of the current, understandable panic, viable candidates for post-quantum cryptography are actually more abundant than might be thought. According to Neal Koblitz and Alfred J. Menezes, the candidates are as follows:Hash-based cryptographyCode-based cryptographyMultivariate cryptographySupersingular elliptic curve isogeny cryptography (as opposed to elliptical curve cryptographySymmetric key quantum resistanceLattice-based cryptographyQuantum key DistributionThe time and energy developing keys and long keys have been the major issues that engineers and mathematicians have been pondering for the longest time. Time is money — as is energy. In fact, all resources carry a price tag, and therefore, it is about mitigating this as much as possible.According to an article posted here on Medium.com, Max Demyan of GeoProtocol says:“Having long enough keys and following security requirements … can resist both classic attacks and quantum attacks. Unfortunately, because of technical difficulty and the large size of quantum-resistant signatures (the need to store such signatures will significantly increase the size of blockchains), existent solutions can’t match the forthcoming threat.”Demyan and his team at GeoProtocol are working on a new style network, the Internet of Value, with a post-blockchain flavour.However, according to Buchmann and Hülsing, the XMSS (eXtended Merkle Signature Scheme) hash-based signature appears to have a 25% smaller signature size than the MSS-SPR (Merkle Signature Scheme-Second Preimage Resistant) with comparable runtimes, and therefore, a lesser storage load. They conclude that this is “very important as the signature size is considered the main drawback of hash-based signatures.”Dorothy Denning, Emeritus Distinguished Professor of Defense Analysis at the Naval Postgraduate School, in the United States, states that:“…so far, public-key encryption has been uncrackable by using very long key pairs–like 2,048 bits, which corresponds to a number that is 617 decimal digits long. But sufficiently advanced quantum computers could crack even 4,096-bit key pairs in just a few hours using a method called Shor’s algorithm.”Taking Bigger Bit(e)sMax Demyan relates this to the current crypto market, stating that:“that is why the developers of Bitcoin, Ethereum, NEO and some other cryptocurrencies are seeking ways to solve this problem. But several projects are already using post-quantum cryptography as the base technology to protect their data”.Quantum Resistant Ledger (QRL), GeoProtocol (GP) and IOTA all make claims to utilise post-quantum technology. IOTA uses Direct Acyclic Graph (DAG) technology rather than blockchain per se and GP uses a nodal, non-blockchain solution with one-time keys for each transaction, and QRL states their case for “XMSS iterative hash-chains”.There is definitely a need for increased resources in this field at this time since, as a species, we are making headway in creating both a disease and a cure simultaneously. How very Black Mirror.Future Perfect?“Quantum computers are still in their nascent period. If Bitcoin and cryptocurrencies are in their teenage years, then any viable quantum computers are still learning how to crawl.” writes Danny Christ, CEO of Moonwhale Ventures. This may be the case, but as mentioned, this does not consider the breakneck speed of development of this particular baby. Perhaps crawling at breakfast, but it’s sitting, fully grown, discoursing at length and demanding wine by lunch. Preparing for this eventuality is nothing more than good sense.Perhaps we should be grateful to the ‘threat’ of quantum computing because, as a result, the blockchain community is evolving at an even faster rate and making sure that it is dotting and crossing its 0s and 1s and getting its security much more in order. It appears that there is nothing like an external threat to make one attend to our security and get the ‘house’ in order.Watch this space for the latest developments on quantum computing and the blockchain impact as these technologies are destined to collide. Visit Revain to see reviews on the latest blockchain projects and contribute your insights to the advancement of blockchain projects while giving a voice to the community responsible for the future of decentralised, secured information exchange.The Threat Of Quantum Computing was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 07. 04

Time to Upgrade Our Voting ...

By Sylvia TanFrustrations in VotingWith blockchain crowdfunding projects taking centre stage, a future where we all either have a direct stake in some form of it or know someone who does has become today’s reality. Instead of just asking “why does Blockchain matter?” we are now looking at how blockchain can be used — for just about anything–to change the world as we know it. And the next big way it possibly could do so is by tackling one of our huge frustrations about voting systems.In most voting systems of today, we vote for a specific party or an individual. However, each candidate or party has their own beliefs about various key issues. For example, a candidate might be very passionate about the environment and about labour laws. I might agree with their stance on labour laws, but I might deem immigration policy more urgent or important than environmental matters. This disparity in ideals would present me with quite a dilemma — vote, or no vote?That’s what makes it so tricky: it’s quite rare to find a candidate or party with a set of beliefs for which we are fully aligned. And that’s what’s so frustrating. Some people get so frustrated that they choose not to vote in the end!An Alternative: Quadratic VotingThis is where blockchain may offer a solution. Quadratic voting allows people to allocate their votes based on how strongly they feel about a cause. Here’s how it works:First, each voter is allocated a certain number of tokens based on the number of topics/positions in the voting round. There is a fixed and equal number of tokens per voter, none of which are transferable. And this is where blockchain comes in — to support the ideal. The tokens would be registered on a blockchain ledger. And since the blockchain is an immutable public record, ownership of all tokens can be validated. Of course, we would have to mitigate the potential sale or trading of such tokens, but if we can trace who owns them, why can we not trace their ownership and prohibit their transfer? That is to say, the token must only be valid for the designated user.So now that we’ve established that the token’s ownership is a public and secure record, we can identify who is casting the vote. Once voters have their allotted blockchain-assigned tokens, they can then allocate them to vote in whatever manner they wish — if there are issues they feel more strongly about, they can allocate more tokens to it.This has two main effects. One, it means that voters can elect to divert their allocated tokens that they might have used elsewhere to support those matters for which they are more passionate. In other words, they might have to forfeit their chance to back other issues of less personal importance for this voting round.Two, the cost of allocating an additional token to each issue becomes more expensive — quadratically. The term “quadratic” means to apply the second power to any variable. For example, the square (or second power) of the number two: 22, is 4; the square of the number 3, 32 is 9. So, for example, we might have 10 voting tokens for 10 items. If we were to place one vote for a particular issue, it’d cost one token. If we want to place a second vote for that particular cause, it would cost us a second token valued at 22, or four tokens, and three votes would cost us 32, or nine tokens, and so on. With one ‘passionate vote’ we may have just spent all our tokens. It just might be worth it.This method allows people to demonstrate how strongly they feel about an issue instead of just showing if they are for or against it. As a result, this could very well let us determine what the general public feels most strongly about, allowing us to identify, prioritise, and tackle first those concerns which are most pertinent, as well as resolving one of our most dilemma-causing voting-system issues — to vote or not to vote.Moving ForwardUsing blockchain technology for important voting may not happen anytime soon. Aside from the need to improve the robustness of this newly suggested system, it will also take quite a while for long-established national voting systems and communities’ perspectives to be altered enough to support the change.However, there are still steps that we can take while developing the system. For example, SMEs or non-profit organisations can test the waters for broader political adoption in the future. Being smaller in size and yet more flexible in nature, they are well-positioned for this endeavour. Moreover, these organisations’ management teams can reap the benefits by “understanding the sentiment on the ground,” more quickly manoeuver their resources in the lightning fast pace of this sink-or-swim economy, and potentially, gain publicity through collaboration with the quadratic voting providers.Every Vote CountsBefore SMEs decide whether to start or continue to partner with any quadratic-voting providers, they can check high-quality reviews about them on Revain. Revain is the first feedback-generating platform that allows users of crowdfunding and blockchain projects to “cast their votes” for or against these projects by writing reviews about them.Revain’s purpose is to facilitate authentic, trustworthy user feedback. Unlike many websites that only provide a single viewpoint on crowdfunding or blockchain projects, Revain gathers user feedback on each project in one place. This provides readers with a “one-stop shop” to draw their own conclusions based on a range of both positive and negative reviews. In addition, all reviews will be taken into account to give an overall rating for each project. This ranking system allows readers to have a quick evaluation of user sentiments for each project at a glance.As the Revain platform is completely blockchain-based, all reviews stored are immutable, ensuring their authenticity and accuracy. Its verification system also ensures that reviewers own a stake in the project they are reviewing, thereby eliminating the risk of anyone manipulating the system.Whether you are someone who has a stake in a crowdfunding or blockchain project, a company who is gearing up for a crowdfunding event, one that has been funded, or just someone interested in this society-changing mechanism called blockchain, there’s definitely something valuable for you at Revain’s Platform.And, supported by the quality of the reviews that Revain provides, the journey to being able to express how strongly we feel about the issues that matter most to us through our political voting systems can also be more transparent, easier, quicker, and more secure. By making our vote count on Revain, we can help make our vote for public issues close to our heart count too.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Time to Upgrade Our Voting Machines was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 06. 27

Big Banks Flirt with Blockc...

By Elise LeiseIf you’ve followed the blockchain saga this far, you probably know that any time it starts to seep into the mainstream all we hear about is disruption. Now, you might expect that narrative from people working in the blockchain trenches — the developers, engineers, and founders who are stirring up a decentralised maelstrom. But much of the disruption “hype” is coming from established figures in statements such as the following, from International Monetary Fund managing director Christine Lagarde:“… Distributed ledger technology, whether you call it crypto assets, currencies or whatever — and it’s far from the Bitcoins we used to talk about a year ago — is clearly shaking the system.”It doesn’t take the head of the IMF to figure that one out, c’mon. Blockchain is literally designed to eliminate central authorities and middlemen. That’s why senior banking officials initially reacted with denial, anger, and dismissal. As JP Morgan CEO Jamie Dimon claimed back in 2017, blockchain is “a fraud,” and any employee trading Bitcoin deserved to be fired for being downright “stupid.”If You Can’t Beat ’Em, Join ‘EmYet once the concept of blockchain matured past its rebellious years of black market trading and sketchy money laundering schemes, these very same banking officials subjected it to further examination. This is what they realised:Blockchain technologies can reduce banking infrastructure costs by $15 to 20 billion USD per year by 2022. What’s more, it instantly pinpoints malicious tampering with data, reduces the extreme outlay (in excess of $377 million USD annually!) currently spent on Know Your Customer (KYC) and customer due diligence (CDD) requests, and provides zero-downtime service to customers who now expect nothing less.The Current State of the Bank-Sanctioned BlockchainIn Asia, Mitsubishi UFJ (Japan’s largest bank) is planning to issue their own cryptocurrency before the year is out; The Shenzhen Fintech Research Institute, set up by the People’s Bank of China, is seeking blockchain development engineers, architects, and technical experts. Hell, you’ve even got 14 Thai banks collaborating to launch letters of guarantee (LGs) on the blockchain.Spin the globe and shift to Europe, and you find the International Association for Trusted Blockchain Applications (IATBA), a “first-of-a-kind blockchain association” which aims to bring together some major banks and is officially set to gain legal authorisation in the first quarter of 2019. From Barclays and BBVA to Deutsche Boerse and Swift, this means that more than 100 cross-industry organisations are now aboard the blockchain train. In fact, according to an exclusive Reuters report, some of those same financiers are said to be raising around $50 million USD to launch an entity called Finality that will use blockchain to expedite digital cash transactions.In the Middle East, Ripple is making serious waves. More than 50 financial institutions have admitted that they’re interested in Ripple’s xRapid and XRP technologies to handle their international remittance services — about $73 billion to India alone in 2018 — and even the Financial Services Regulatory Authority at Abu Dhabi Global Market wants in on the action.Shall we continue? South Africa’s Standard Bank aims to launch a permissioned cloud-based DLT platform for foreign exchange payments and Canada and the Bank of Singapore are launching blockchain transactions, but, for the sake of time (and your sanity), we’ll stop there.You get the picture. It isn’t 2017 anymore, and big banks aren’t just flirting with blockchain — they’re basically planning out their future house, car, and children with it.Hold On! Isn’t This Corrupting the Concept?When global banks, the central pillars of capitalism, start fooling around with an inherently decentralised system, it’s hard to view it as anything other than a ploy to retain power in the midst of a financial revolution. They’re certainly not averse to corrupting pure decentralisation with permissioned blockchains. In fact, they could care less about transparency and equity. What they want is the efficiency and cost savings that blockchain can deliver.Global Capitalism on the BlockchainTo play devil’s advocate here, why not let the Barclays and BBVAs of the world have their blockchain? It isn’t a bad idea to have some of the brightest minds in finance take a hard look at the “blockchain trilemma” of security, stability, and decentralisation. (Forget potential evil motives!) Blockchain is simply a damn good way to move assets around in an international economy, reduce overhead costs, and comply with stringent government regulations.That is why almost all big banks are experimenting with blockchain — regardless of the slander they may have heaped upon it in years past. Remember Jamie Dimon and his rapid dismissal of blockchain back in 2017? Ahh, yes: “fraud” and “stupidity.”Ironically yet fittingly, his JP Morgan is perhaps the best example of the change-of-heart taking place in the financial industry. The bank is now pioneering the first use of cryptocurrency by a major U.S. bank with their “JPM” stablecoin and, according to CNBC:“[They are] preparing for a future in which parts of the essential underpinning of global capitalism, from cross-border payments to corporate debt issuance, move to the blockchain.”Flirting? Nope, that’s amore. Elope and get engaged already, JP.For those of you interested in carrying on your own crypto tryst, you can head over to the Revain review page to evaluate the world’s best cryptocards. Do you like to carefully weigh security, anonymity, and the quality of customer service? Good news: reviewers on our platform rate each factor individually, meaning that it’s easy for you to evaluate cards based on what’s important to you. We’ll also make sure you know how much you need to open your card, what you’ll be paying monthly, and if there are any nasty ATM or overseas fees in your future.Otherwise, if you’re interested in wedding invites, the future of big banks and crypto, or simply want to be the first to know when the blockchain trilemma gets solved, bookmark our Medium blog (yes, this one!), and keep coming back for more.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Big Banks Flirt with Blockchain was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

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19. 06. 11

Revain Not-So-Monthly Repor...

First, allow us to apologize for the delay in publishing monthly reports. With all that’s been going on for Revain, it totally slipped our minds and we are sorry for the wait. Now that that’s taken care of, allow us to redeem ourselves by taking a look back at what exactly we’ve been up to these past two months.April 1. We’ve started April with the release of the written from scratch Search Function, which brought a lot of new functionality and flexibility to our platform search along with some UX/UI improvementsApril 12. R/USDT pair is added to the BTC-Alpha exchange. A little review competition is started to publicize the occasion.April 25. Our monthly review competition for the title of the “Author of the Month” came to the conclusion. The six most active participants received substantial rewards of up to 1000R.Late April and most of May were dedicated almost exclusively to the development of the Revain 2.0. Even the marketing team partook in the testing, so there really wasn’t time to compile a report then. We’re ramping up the tempo of the releases now and it’s only going to increase further with the introduction of the Revain 2.0. It goes without saying that we intend to keep you regularly updated on all the new progress.May 21. All the May we’ve been entirely consumed with the development of the Revain 2.0 and on this day we finally released the first sneak peek of the new design.May 21. R/BTC and R/USDT pairs were listed on Bitker. The giveaway was launched to celebrate the occasion.May 27. On Malta AI and Blockchain Summit, a partnership was concluded between Revain and Globiance. As part of the deal, R will be one of the initially listed tokens when the exchange launches.May 30. Our CEO, Rinat Arslanov and VentureOutNY CEO concluded an agreement! Revain will join the VentureOut Accelerator in New York in early 2020.One of the purposes of the Revain is being a convenient place, where people could learn more about the topic of their interest in the cryptocurrency sphere, whatever that may be. We believe that the whole industry should be more inclusive to the newcomers, as crypto is still a pretty restrictive field. True to our ideology, we try to be as helpful and friendly to newcomers as possible, by maintaining a series of guides on various cryptocurrency topics, as well as covering all the new trends and developments in crypto in our Medium articles. Here’s a list of our guides, articles, and third-party pieces about Revain that were released during April and May.1) Revain Blog, Beginner’s Section: What is an Initial Exchange Offering (IEO) — Full Guidehttps://revain.org/beginners-section/what-is-an-initial-exchange-offering-ieo2) Revain on Medium: Democratisation of Datahttps://medium.com/revain/democratisation-of-data-ab1ca4a15a923) Revain Blog, Beginner’s Section: What is a Bitcoin ETF? — Full Guidehttps://revain.org/beginners-section/what-is-bitcoin-etf4) Revain on Medium: What Blockchain Platforms Do Companies Use?https://medium.com/@revain.org/what-blockchain-platforms-do-companies-use-a165b4efb5175)Revain on Medium: The Safest Way to Store Cryptocurrencyhttps://medium.com/revain/the-safest-way-to-store-cryptocurrency-123b9b5c1aac6)Revain on Medium: Building Blockchain Businesses: Block by Blockhttps://medium.com/revain/building-blockchain-businesses-block-by-block-bc35b07bc9fa?sk=145350cd229e88cee0c6f99dfc818df17)Revain on Medium: Are Permissioned Blockchains Corrupting the Essence of Blockchain?https://medium.com/revain/are-permissioned-blockchains-corrupting-the-essence-of-blockchain-347a361e3dbc8)Revain on Medium: Estonia’s Blockchain Experimentshttps://medium.com/revain/estonias-blockchain-experiments-582cf6302c5cJoin us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain Not-So-Monthly Report: April-May 2019 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 06. 03

Estonia’s Blockchain Experi...

According to the Xenophobe’s Guide to Estonians, a somewhat tongue-in-cheek account of the little nation of Estonia: “for those countries not in Scandinavia or the Russian Federation, Estonia is perceived as part of Russia, or totally off the radar.” They could add: except, that is, when it comes to blockchain. While larger countries such as the U.S. and China may maintain a slight monopoly on blockchain patents with companies like Alibaba, IBM, Mastercard, and Bank of America, Estonia has become “the most advanced digital society in the world.”Imagine a state where 99% of services are online and 100% of government data is stored on a blockchain ledger system and you’ve got e-Estonia. Healthcare, property, business, court systems, even Official State Announcements have gone digital. What’s more, the country is years ahead of its time pioneering an e-residency program, believing that countries will compete for e-residents like companies compete for customers — a digital race that they aim to win.Let’s back up to the fateful year of 2007, to figure out how the hell Estonia managed all of this.The Digitalisation of a NationIt all began with a statue, specifically, the statuesque Bronze Soldier Soviet war memorial in the bustling capital city of Tallinn. The Estonians had decided to remove it, most likely because they were having a bit of a tiff with Russia at the time. Regardless of how it came about, however, the result was catastrophic. At the hands of what was later found to be a pro-Moscow youth group, Estonia was embroiled in an unprecedented wave of cyber-attacks that disabled the websites of national organisations ranging from political parties to banks and newspapers.After recovering from the shock of (literally) having their entire nation taken off of the grid, Estonia vowed that they would never again be the victims of such a digital assault. That’s why, in 2008, right around the time when Satoshi Nakamoto was busy publishing the Bitcoin whitepaper, Estonia was internally testing “hash-linked time-stamping.” In fact, their official wording subtly hints that they deserve some of the praise lauded upon Satoshi. Are they right? We do not know, but it’s a possibility.Fast-forward to 2012, and Estonia creates K.S.I., a scalable blockchain technology invented by none other than Estonian cryptographers. It’s meant to ensure data integrity and to protect against “insider threats,” which sounds a little paranoid until you consider the circumstances. No one, they say, not hackers, not system administrators, not even the government itself can manipulate the data and get away with it. Bold statements! This makes Estonia the first country to implement blockchain on a national level.E-Residencies and EstcoinsBut Estonia, being the generous Baltic nation that it is, was not content to stop there. They launched their e-residency programme as “Estonia’s gift to the world.” (It is, one must point out, also a monetary blessing to the Estonians. As Deloitte estimates, the e-residency will generate €31 million EUD in net income and another €194 million in net indirect socio-economic benefits by 2021.) For every euro that Estonia invests in the programme, it brings back a hundred times that number to the state. It’s the gift, it seems, that keeps on giving.The premise is quite revolutionary, actually: with the brainpower of the Estonian IT sector (affectionately called the Estonian Mafia by the national website itself), the country targets a rapidly growing number of digital entrepreneurs and freelancers that are looking to launch businesses in a digital hub that’s part of the European Union.So, success is the name of the game so far. For that reason, Estonia is focusing in on sharing their “e-stonishing” (yes, you can cringe) success stories via their e-Estonia Briefing Centre, which hosts over 10,000 “international decision-makers” each year. They’re aiming to give other countries the resources and tools to follow their lead into a digital future — the only roadblock being the EU itself.Estcoin Versus the EuroThe EU tolerated more digital signatures being used in Estonia than the rest of its countries put together, but once Estonia started floating the idea of linking a cryptocurrency, “estcoin,” to the euro, top banking officials started to take note. Estonia’s crypto aspirations be damned! EU financial bigwigs put a stop to this part of their digital strategy immediately. We have no specifics on how this happened, but this harsh headline gives a hint: “Estcoin Backs Down as Banking Authorities Bully Estonia.”Queue dialogue for context:Estonia: “The community estcoin would be structured to support the objective of growing our new digital nation…”European Central Bank:Ahem. (Clears throat.) “The currency of the euro zone is the euro.”Estonia: “We’re not building a new currency.”Right…so, European banking authorities have shut down estcoin as a legal form of Estonian currency. Estonia, however, still plans to use their eponymous cryptocurrency as an internal coin (sort of similar to Revain’s system) as an incentive for their e-residents. We’ll have to wait and see, but it’ll be interesting to track over the next couple years to see if the estcoin ever manages to stage a coup and gain official status.Experimental SuccessDespite the downfall of estcoin for the moment, we declare blockchain, e-residency, and e-Estonia as a whole to be an overwhelming success. They must be doing something right: why else would NATO, the U.S. Department of Defence, and European Union information systems have implemented their K.P.I. blockchain technology?What’s more, they’ve upended the premise that private industry must lead the way into the heralded Internet 4.0 and blockchain utopias of which we all dream. A state, they’ve shown, even a tiny one, can remake itself into a decentralised digital society — starting from virtually nothing, we might add — in little over a decade.At Revain, we think that consistent evaluation of blockchain projects is essential to ensuring that you’re making smart, informed investments. Our review-based platform does just that, giving you updates on which crowdfunding campaigns and coins are succeeding and which aren’t. Moreover, whether you’re interested in monitoring estcoin development or the latest crypto trends, you can follow our Medium page to get all your info in one place.Thanks for joining us on the journey, as always. To sign off, we have a parting note in regards to Estonia’s success: in the words of Estonia’s president, Kersti Kaljulaid, “seeing this digital revolution up close…[makes for one conclusion] the state as we know it today is fit for the 21st century.”Is that not an accomplishment like none other?Brava, Estonia. Brava.Estonia’s Blockchain Experiments was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 05. 29

Are Permissioned Blockchain...

By Steven BrooksAll businesses can benefit from blockchain security. Yet, controlling private data is still important. Does the permissioned blockchain defeat the intent?The dawn of the millennial has paved way for millions of innovators across the globe, so why should the sphere of system regulation be any different? From startup companies to global conglomerates and even governments, the rise of blockchain technology is making waves in the vast ocean of data control. Great Whites like U.S. and China are two key advocates of such digital movements. But due to their very nature, security and access are of paramount importance.As the wave of blockchain hype floods the media and raises investor awareness across the globe, the need for permissioned blockchain technology is on the rise. But is restricted access going against the very grain of the technology?Blockchain in EssenceIn short, permissioned blockchains are public digital ledgers that can be used only by parties who have been granted access. Think of it as caretakers at a school — a very select few individuals determine who has access to what. These are our “trusted gatekeepers.” The same is true with permissioned blockchains: only specific participants are granted the ability to access the chain as these networks implement an access-control layer. It is thought by many that this type of governance actually enhances the network’s security.But does it miss the point of the decentralized nature of blockchain? Blockchain, by its very essence, was intended to remove “control” from the few “selected gatekeepers” and return the power/control to the masses. When a small group monopolises all the power, they become a filter restricting access and, for example, access across fragmented supply chains usually comes at a price.Security at IssueA host of the larger and more established companies such as Airbnb, TripAdvisor and Ripple prefer the permissioned blockchain ideology, as role definition, identity, and security are of monumental importance. Likewise, the U.S. is allegedly incorporating blockchain technology into its $700 billion defence budget, implying the permissioned route is likely to be as important as nuclear launch codes.Yet, one of the biggest vulnerabilities of a permissioned blockchains is that the network hosting them is vulnerable to corruption from the inside. While it is arguable that a degree of supply chain management is necessary, gatekeepers will still have to be selected (hopefully from a collection of incorruptible individuals who have the best interest of the blockchain users at heart). But the danger lies with the fact that people are corruptible; anyone at any time can turn from a proponent to an adversary when the “price” is right, whether it’s monetary, blackmail, or coercion. Of course, this is the pinnacle of worst case scenarios, but when a species as money-driven as humans are in the hot seat, it helps if the wheel of fortune is firmly bolted to its axis.A Chain is Only as Strong as its Weakest LinkThe cliches are well known, “everyone has their price,” and “computers are only as good as the person feeding it data,” etc. Well, even some caretakers have their off days. Knowing who to trust is a key factor in any relationship, and in the world of regulation, is by no means an exception.One reason why many people are cautious about giving to charity these days is due to their infrastructure. Do greedy henchmen take unfair cuts and justify them as “administration costs”, or is doing the right thing simply an expensive business? If an online business isn’t as transparent as it can be, alarm bells may ring for the savvy online investor. A simple Google search will define blockchain as a distributed ledger that is spread among all peers in a network, where each peer retains a copy of the ledger. Picture these peers as not only the caretakers but also the teachers and students having keys to all the locks.In light of this analogy, the concept of a permissioned blockchain seems to drastically contradict this. Permissioned blockchains are, by nature, centralised and regulated by a single authority. In a report written by Tom Lyons, it is stipulated that blockchain should create decentralised trust via an ensemble of peers. This was the original Bitcoin concept in action.Revain On Top of The GameIn contrast to permissioned ledgers, Revain is open, decentralised, and gives its users power within the system. Unlike many online entities, which can be manipulated by almost anyone with a keyboard, Revain boasts outstanding integrity. This platform cannot be manipulated by fake profiles that carry out the digital dirty work of companies hoping to gain an online advantage. Essentially, every soul in this school has a key, from the caretakers to the students. However, once the door is locked, it simply can’t be opened again.Typically, Revain users leave feedback about services or products, or companies, which have crossed the finish line of their crowdfunding stage. This feedback will undergo a filtration process via AI. Upon successful confirmation of the review’s quality, the reviewer is rewarded with RVN tokens. In contrast to old-fashioned rewards programmes where consumers who spend $100 at a supermarket were allocated a number of points on a card — Only 50,000 more visits and one can purchase an out-of-date telly! — the beauty of Revain’s incentive system is that it is based on quality, rather than quantity. If a review is deemed as valuable, it may warrant a higher number of tokens for the user. This is because these reviews are directly affecting the reputation of certain brands and can subsequently push token-holders to take the next step towards crowdsale.The bottom line is, that blockchain, while intended to be decentralised, will adapt to fill demand. As long as there is a need to maintain private data, there will be a need for role definition, identity, and security. While it may not be the original intent of blockchain, as a permissioned, centralised solution it serves a purpose and will, therefore, likely continue to expand its presence in many industries.Are Permissioned Blockchains Corrupting the Essence of Blockchain? was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 05. 22

Building Blockchain Busines...

By Elise LeiseWhether you’re a startup seeking to capitalise on blockchain’s potential or an established business aiming to remain on the cutting edge of technology, it’s time to launch your blockchain-related projects into consumer markets. According to Cognizant’s recent global survey of 1,520 executives, businesses agree that they should take steps to aggressively invest in blockchain-based innovation. Yet, many will fail to do so due to a lack of knowledge and skills. For that reason, we’ve created a simple road map to guide you through the initial steps of building blockchain into your business.A quick note before we begin: although blockchain has now been around for a decade, it’s matured over the past few years from a highly volatile, get-rich-quick technology into a sphere filled with developers, financial experts, and intrapreneurs who are in it for the long haul. Blockchain, rather than remaining a pipe dream for would-be millionaires, is now an integral aspect of many a Fortune 500 business’ innovation strategy.According to Cognizant, it’s a necessary step for you to take to keep up with a rapidly changing digital world. To all the businesses that are still testing proofs-of-concept (POC) internally, the digital consultation company criticises the hesitation to launch solutions; instead, declaring that “the stakes of blockchain are too high for financial services firms to take a wait-and-see approach.”That’s why we advocate starting small, building upon your capabilities, and testing in the real world to make the intimidating task of getting familiar with blockchain effortless.Block By BlockEvaluate the benefits of decentralizationBefore you start hiring expensive blockchain developers, ensure that blockchain is the best way to meet your business goals. While it does offer unprecedented advances in immutable records, transparency, and security, blockchain isn’t duct tape — you can’t simply stick it anywhere and expect it to hold your business together. Embark on the next steps only if decentralisation will help you achieve concrete goals in a way that a centralised system cannot.Analyse blockchain use casesAccording to Cognizant’s recent study, 53% of executives in cited their inability to understand blockchain ‘use cases’ as a major stumbling block, even though ‘use cases’ are simply potential situations in which the technology can be used. For blockchain, common examples range from supply-chain management to transparency in healthcare, and innovators constantly add new possibilities to the list.If you’re interested in running through the full range of options, here’s a comprehensive list of 21 potential use cases.Use cases help you determine what blockchain can and can’t do for your company. Yet, while it’s valuable to explore all the options, you eventually have to decide which use case is best suited to meet your business goals. To do so, it’s often useful to get advice from your IT department or reach out to a blockchain consulting group.Select the appropriate platformThey say that choice breeds indecision, whether you’re shopping in a megamall or selecting a blockchain platform. Just as Bitcoin paved the way for a plethora of cryptocurrencies, there are now over 25 platforms on which you can build a blockchain-based business. How do you make a selection? Forget the until-death-do-you-part narrative when it comes to choosing your platform. This isn’t Romeo and Juliet; rather, businesses achieve success by avoiding commitment to a single network in the early stages of their blockchain pilots.With this mindset, you leverage the unique strengths of each blockchain platform while distributing risk in the case that any single platform fails. For instance, one of Japan’s largest banks, Mizuho Financial Group, uses Ethereum for smart contracts, Interplanetary File System (IPFS) for decentralised file transfer, and BigchainDB for decentralised storage.Communicate blockchain benefits to stakeholdersUnless your team is planning on going rogue, the next logical step in the process is that you present your use-case model, preferred platform, and implementation plan to senior leadership. Since applying blockchain often leads to re-imagining current or “legacy” systems to optimise the technology’s strengths, a cross-functional team should be built from the very start.Your blockchain-based business shouldn’t originate from IT and remain misunderstood by business sponsors and other key stakeholders. When you involve strategic partners, the people who matter will understand the bigger picture and the role blockchain can play in achieving your business goals.Set clear objectives independent of cost-benefit analysesTo avoid the pitfall of spending time and money developing internal systems that never make it into the real world, set targets to which your business can measure progress. Clear objectives also force you to regularly define how blockchain will contribute to your long-term strategy and prevent you from simply “jumping on board the blockchain bandwagon,” as Gartner Fellow and vice president Ray Valdes puts it.How does blockchain fit into your 2030 roadmap?To give you some ideas, executives and companies in Cognizant’s study cited improved data management, greater transparency, improved risk management, increased speed of digitisation, and process automation as the most compelling reasons for implementing blockchain.Secure talent and expertiseFor a startup, a competent team is crucial to your credibility when you’re launching your whitepaper and trying to crowdfund your blockchain project; for established businesses, your team needs a balanced skill-set to integrate blockchain into your organisation’s structure.Whether you’re building a team from scratch or considering hiring a few additional blockchain professionals, it’s best to consider developers, technology architects, finance experts, and media specialists whose expertise collectively lies in risk management, cryptography, product strategy, and analytics.“Easier said than done,” you may be thinking. Yet, according to LinkedIn, the number one emerging job in 2018 was that of blockchain developer, and a Leathwaite report claims that if you offer a supportive work culture, equity in the blockchain-based project, and locate in a hub for rising professionals, you’ll be able to source strong candidates.Road-test new processes“They say no plan survives first contact with implementation. I’d have to agree.”— Mark Watney, The MartianIf there’s one main idea you take away from the block-by-block concept, it’s that adding blockchain capacity to your business model is a process. First, develop a proof-of-concept, or pilot, to give your team expertise in dealing with the technology. Then, present your master plan to senior management and start road testing blockchain slowly but surely. Finally, once you have a clearer idea of the issues you need to address, you can focus on scaling up the solution and adjusting your processes in a way that complements blockchain’s natural strengths.Three, Two, One…Take OffThere you have it: we’ve covered the building blocks to launch or integrate blockchain into your business. Your competitors are already starting to take notice. Out of Cognizant’s executive respondents, 91% stated that blockchain would be “critical” for survival in the coming years. With that in mind, the players who will stand out will be the ones who use a structured process to build their blockchain system, block by block, and launch their project into the real world.Deliberate, Create, IterateSimilar to learning how to ride a motorbike or mix a mean drink, blockchain-based development or integration takes time to perfect. You can refer back to your initial goals and assess progress; but often, the most valuable metrics come from unbiased stakeholders in the form of reviews.Revain’s blockchain-based review platform for the crypto community encourages users to share their experiences via high-quality feedback. Positive reviews highlight your strengths and move your project or exchange higher in our ranking system, while user criticism helps you identify and overcome your stumbling blocks. Let’s put it this way: Revain enables your business to conduct market research and refine your blockchain strategy.Remember, Rome wasn’t built in a day. When building the best blockchain-based business possible, block-by-block is the name of the game.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Building Blockchain Businesses: Block by Block was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 05. 08

The Safest Way to Store Cry...

By Oliver FreemanThe beginning of 2019 has been tough for a myriad of cryptocurrency exchange platforms. Exchanges are known to be the safest and most reliable platforms on which users can trade their cryptocurrency to legitimate buyers and sellers, with gold-standard security measures protecting both parties throughout the entire transaction. Unfortunately, 2019 has cast doubt into the minds of avid followers and fans of the various platforms, as hackers have successfully breached a number of them and disappeared into cyberspace with traders’ crypto wealth.At the start of the year, QuadrigaCX claimed to have ‘lost’ access to $150 million USD worth of Bitcoin, Ethereum, and various other assets. Cryptopia was also a victim of a devastating attack in January, forcing it to close down for a time. The issue seemed to have passed, and the crypto exchanging community started to relax, assuming that these two cases were isolated anomalies in an otherwise well-protected system. March then came around, and DragonEx, a Singapore-based exchange, was hacked — the news was revealed in an announcement stating that user funds and the platform itself were “transferred and stolen.”CryptopiaOn January 14th, Cryptopia suspended trading and shut down its platform for “unscheduled maintenance,” without any prior warning to its users. After 20 hours of confusion en-masse, the staff at Cryptopia released a note on their Twitter page and then a tandem letter, revealing to its users that Cryptopia had suffered a “security breach” and that they had incurred “significant losses.”Cryptopia was, at the time, unable to provide an accurate account of the total amount lost and was unable to conduct the necessary investigation to find out. As a result, Elementus, a well-known American blockchain research unit, began to dig into the data in the search for an explanation of when and how the breach had happened. The Elementus research team produced an in-depth report outlining the severity of the attack on Cryptopia, concluding that in excess of $16 million USD worth of ERC20 tokens and Ethereum had been stolen from more than 76,000 different wallets. The ERC20 tokens included $2.4 million USD worth of Dentacoin and $1.94 million USD worth of Oyster Pearl, as well as lesser amounts of TrueUSD, ZRX, Augur’s REP, Sirin Labs, and OmiseGO.At the end of February, the company announced that they were working to get back on their feet, with the intention of reopening the Cryptopia exchange in the near future. Alongside the announcement, the team told its users that they had calculated an estimated maximum of 9.4% of Cryptopia’s holdings were compromised.DragonExDragonEx has been a force within the cryptocurrency exchange industry for seven years. It is known as a bastion of both reputability and reliability, echoed by its partnership with the Revain Review Platform. Unfortunately, on the 24th of March, DragonEx also became the victim of a savage cyber attack. Initially, the company stated that they had taken the system down to conduct “system upgrades,” but the following day announced that they had suffered from a security breach.TokenPost reported on the latter announcement by DragonEx that, “DragonEx suffered [an] APT attack,” which led to 7.09 million USDT worth of assets being stolen, including bitcoins, ether, EOS, XRP, and XEM, among others. The posting by DragonEx has since been removed from their website. The Exchange has since announced that it is working alongside the Hong Kong Cyber Security and Technology Crime Investigation Bureau, who has started a special investigation team to analyse the security breach.DragonEx is currently undergoing the process of assessing the full damage to its assets, while simultaneously trying to track and retrieve them. Although not fully confident in their pursuit of retrieval, they announced their intention to compensate all the affected users. To do so, DragonEx “will issue 7 million USDT value of Dragon Bond, which is 1:1 with USDT.”The prospect of blockchain technology being successfully breached is baffling in itself, and neither Cryptopia nor DragonEx understand quite how their systems were accessed by malicious entities. Cybersecurity firms and companies are collaborating to work out what went wrong; but to this date, they are not entirely sure.With that in mind, and the clearly shown risk of allowing blockchain exchange companies to hold cryptocurrencies and assets on your behalf, there is no time like the present to explore alternative methods of storing your crypto assets.The Best AlternativeYou have two choices when it comes to cryptocurrencies: you can leave your assets in the hands of a third party, or have them secured on a platform that only you can access. It would make sense to avoid leaving your cryptocurrencies in, potentially, insecure accounts on the various crypto exchanges that you may use, which have proven themselves to be vulnerable to security breaches. You need to transfer your assets over to a secure crypto wallet, instead.What is a Cryptocurrency Wallet?A cryptocurrency wallet is the blockchain equivalent of a bank account, run through software. Cryptocurrency wallets are a safe haven where you can store any currencies that you possess. A wallet is designed to monitor and store your public and private keys, platform your cryptocurrency transactions, and interact with a myriad of blockchains.There are numerous wallets available on the blockchain, and they all vary. One thing that is consistent, however, is the inclusion of private keys — secret codes which allow you to use your coins in transactions. These private keys are stored and secured within your wallet, on the platform of your choice, and are only accessible to you.Why they Suit YouThe wallets are diverse and accessible to all, through various methods. Each wallet can be accessed through a mobile application, a website on your computer, or with hardware which stores your keys offline. There are two types of classifications. They are called ‘hot’ and ‘cold’ wallets.A Hot or Cold WalletHot wallets are connected to the internet at all times, through computer and mobile software. They can be accessed by the user at any time from the cloud. If you regularly trade cryptocurrencies, a hot wallet is the ideal storage method for you. Just remember that as long as you are connected to the Internet, you may be susceptible to prying eyes.Popular options:JaxxExodusInfino WalletCold wallets are the polar opposite, as its name suggests. They are situated on hardware — a USB stick, usually — and are not connected to the Internet, which provides an offline haven for your cryptocurrency assets. With a cold wallet, you can receive funds at any time, but nobody can transfer them out. If cryptocurrencies are part of a long-term investment plan, a cold wallet is perfect for keeping them secure for the duration.Popular options:TrezorLedger Nano SKeepKeyMyEtherWallet (MEW) has introduced a new form of hot wallet, created by a team who are dedicated to bringing their users the most secure cryptocurrency haven, online and offline. MEW supports a number of different wallet types, including hardware wallets such as Ledger Nano S or Trezor, and third-party wallets like MetaMask.Theft and ScamsCryptocurrency wallets will keep your currency safe as every private key is unique and generated in a secure manner — they are controlled and accessible. The only fault that can be found in a wallet is its user; if you choose to generate your keys on a compromised computer, or you generate them while others are watching, the security of your cryptocurrencies becomes compromised.Unfortunately, human error or malicious human intent is the very reason for this article. Blockchain technology is known to be an impenetrable power, but recent security breaches of cryptocurrency exchanges have refuted this belief. Cryptocurrency wallets are the option that you should choose to secure your funds that currently sit on crypto exchanges to ensure that any future breaches to third-party software do not negatively affect your personal assets. That said, it is clear the DragonEx and Cryptopia are looking to resolve their unfortunate breaches while implementing better security standards.You can track the progress of both companies on Revain, a peer-to-peer decentralised review platform. Revain provides you with insight into the stature and ratings of cryptocurrency exchange companies and features a community of avid tech-savvy, blockchain enthusiasts, who will advise you on reputable and reliable exchanges, wallets, and keep you current on the newest advancements as they develop.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|The Safest Way to Store Cryptocurrency was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 04. 30

Building A Blockchain-Based...

By Elise LeiseAs blockchain nears its tenth anniversary, Satoshi Nakamoto’s brainchild has proven itself to be an incredibly resourceful platform. The infiltration of blockchain technology in recent years, has subsequently touched almost every industry, from banking and finance to procurement and healthcare. Thus far, the adoption of blockchain is shaping up to mirror the explosion of the Internet, propelling us into deeper into the Technological Revolution.The International Data Corporation predicts that worldwide blockchain spending will top $11.7 billion USD in 2022, up from $1.5 billion in 2018. For now, as a distributed, decentralised platform, it entices early adopters with the promise of combating fraud, corroding corruption, and delivering the power of data back to the people.Businesses who conduct research into how to promote and monetise platforms on the blockchain have cornered an incredibly lucrative, ever-growing market as blockchain explodes into the mainstream. Thus, blockchain technology is a topic which you need to take the time to fully comprehend.Promotion to the PopulaceBlockchain companies face the considerable task of communicating a complex subject to potential users. After all, John Oliver described, blockchain is an unfortunate intersection of “everything you don’t understand about money combined with everything you don’t understand about computers.” In this case, the age-old adage of build it and they will come just doesn’t apply, as adopters need to understand why they should trust this new technology and what they can take away from it.Another Block in the Chain, Pt. 1: EducationContrary to Pink Floyd’s riff that “we don’t need no education,” it is essential to keep your users and investors informed as to which technology you will be using and the steps you plan to take to make your vision a reality. To explain this, businesses traditionally release white papers with a concise summary of the business’ primary goals, future potential, and the launch plan. The white paper is a chance to show users and potential investors how you intend to use the power of blockchain.Another Block in the Chain, Pt. 2: User EngagementIn a bold countermove, Facebook, Google, and Twitter have now banned ads for crypto services in an attempt to crack down on consumer scams. Yet that’s simply a challenge to get a little inventive. While outreach pages on Facebook, LinkedIn, Twitter, and our vast array of mainstream social media platforms are perfect for engaging with a mainstream audience, communities that are backed by schools of thought that break away from the norm are built elsewhere.There are a number of safe havens for blockchain followers, hidden in plain sight. Rapidly growing in numbers, they can be found on websites and forums such as Reddit, Quora, Revain, Github, and Bitcointalk. Away from forums, there are also large followings on upcoming messaging platforms, such as Slack and Telegram.Monetisation DeliberationWhen it comes to launching a blockchain-based business, the question is, subsequently, that of money. Namely, where do you get the startup capital to create a successful company, and how do you find a reliable revenue source?The majority of companies that move onto the blockchain begin their journey with one of two methods. Primarily, they present a white paper and announce their plan to launch an Initial Coin Offering (ICO), or they aim to catch the eye of venture capitalist firms. Whichever route they choose, they invariably attract a great deal of interest and subsequent revenue.Once startups acquire the necessary funds to launch their project, they turn to a multitude of options to sustain their business. Companies such as Blockcypher charge fees in exchange for the use of their API and infrastructure. Deloitte and IBM craft custom projects for other businesses; Chain charges small subscription fees for network transactions; and Bloq relies on enterprise customers reimbursing them for platform uptime and maintenance. There’s no shortage of options.Here are a couple of blockchain-based companies which can be heralded as game-changing examples when it comes to the process of promoting and monetising a startup.HyperledgerAn open source project launched by The Linux Foundation in 2016, Hyperledger is the equivalent of a greenhouse for blockchain businesses, incubating a multitude of frameworks and tools. The founders of this global initiative include leaders from finance, the Internet of Things (IOT), manufacturing, and supply chains — and they possess a grandiose vision. If Hyperledger achieves its aims, blockchain will transcend boundaries between industries to enable open source innovation at a scale as never before seen.CommunityTo build a community around their project, Hyperledger created meetups, offered easy-to-access collaboration tools, and provided a plethora of webinars, videos, and tutorials. What’s more, they’re pioneering some potentially groundbreaking programs, sponsoring 15 student developers to learn firsthand from active Hyperledger developers, partnering with the Canadian government to cut red tape and save billions for businesses, and cementing their reputation as a thought leader at blockchain conferences worldwide.Corporate BackingBusinesses that are formed by corporate interests and backed by influential investors often forego crowdfunding initiatives. They may charge users for additional software and support services, but their strong financial backing promises a good solid beginning.MonethaThen there are businesses like Monetha, which monetised its platform with a crowdfunding campaign that raised $37 million USD in 18 minutes. That’s over $2 million USD per minute. If you’re not backed by venture capitalists or huge corporations, you’re wondering two things: what did they do and how can I copy it?Monetha hit upon a brilliant market opportunity when they realised that with the digital advancement came an Achilles’ heel; nefarious players scammed users with fake and illegal accounts, thus eroding trust in e-commerce. Their solution? A peer-to-peer review system that allows buyers and sellers to earn reputation points and ratings based upon past transactions, effectively re-introducing credibility to online commerce.Mission-Based MessagingMonetha excels at showing why their system is important for the integrity of e-commerce markets. They clearly highlight their unique value proposition — that their Reputation Platform engenders a sense of security when it comes to buying goods and services online — and provide high-quality product education to their users through their knowledge centre.From Marketing to MonetisationBy creating a strong community prior to launch, Monetha ensured that their crowdfunding campaign achieved enormous success. While they decided not to offer a pre-sale option, they did encourage early investment by offering a 20% bonus for the first €7 million EUR contributed. They shouldn’t have worried; their hard cap of 95,000 ETH was easily attained in the investor excitement that followed and a mere 18 minutes later, Monetha earned a slot in the blockchain history books.As for ongoing monetisation, Monetha charges merchants a 1.5% transaction fee for purchases fulfilled through their platform — a sustainable, simple, and savvy business model.Collaborating for ChangeTo build a successful blockchain-based business, you must follow the trends of leaders within the tech community. That’s why, as this technology takes off, Revain engineers are developing a community platform where crypto-enthusiasts of all kinds can exchange experiences, ideas, and advice. Hosted on the blockchain, each review will be immutable, unbiased, and open to all.Thus, whether you’re seeking to promote and monetise your business or stay on the cutting edge of industry developments, The Platform will equip you with the community-based knowledge you need to succeed.While you’ll have to wait a short period of time for its official launch, our engineers are steadily working behind the scenes. Want to stay in the loop? Watch our Medium page for new updates, so that when the time comes, you’ll be one of the first to know.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Building A Blockchain-Based Business was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 04. 22

Democratisation of Data

By Oliver FreemanBlockchain technology has been around for a while now; from a sheer novelty, or a questionable idea, it has quickly become a part of popular culture and it is beginning to rival traditional methods of centralised systems. You could say that, with all the advancements that blockchain technology has made, it has unleashed a technological genie out of its lamp.Currently, data is becoming increasingly valuable; everything that we do on the internet leaves a carbon-esque footprint, a data mark, and giant corporations lap it up like a dog at the water bowl. This isn’t too shocking, given that it provides them an additional revenue stream. Blockchain, with its decentralised nature, aims to take the aforementioned revenue stream away from the corporations who hold it, by democratising data.Data DevelopmentJust for a moment, I’d like you to consider the quantity of data that humans produce during everyday life, through their use of technology — anything “technology”, or at least the majority of gadgets and gizmos that are connected to the grid process and record data — a computer, a traffic light, even a ‘smart’ refrigerator, just to name a few.The Silicon Republic found that, according to a McKinsey & Company projection, a connected car uploads 25 gigabytes of data per hour of use. Just to put that statistic into perspective for you, that equates to the streaming of approximately 25 hour-long programmes on Netflix. The data will be, and already is, sold to and used by companies who develop new, better-developed data harvesting technologies. It sounds like an evil genius’s plan from a graphic novel. But giant corporations are, in a way, playing the pseudo ‘good-guy’ by giving data back to the people. They do so by providing newly founded concepts and prospects of driverless vehicles, timely public transport, and smart road technologies, for example, which, on the down low, costs us more money. See what’s happening here?What is Big Data and Why is it PowerfulIf you haven’t clicked away yet, let’s talk about it. Big data is a superpower in its own right and it’s just as discreet as real-world superpowers are now. We produce and give away data on a daily basis without even realising it; every time we accept a ‘cookie’ on a website, we give corporations the ability — and the right — to track our online movements and harvest our data. When we make a statement on Facebook, Twitter, and Instagram, or comment on a YouTube video, data is being hoarded by the platform owners and it is being sent (sold off) elsewhere. Our relative vanity and desire for ‘likes’, retweets, or ‘claps’ on this particular platform and our craving of engagement and validation across social media is a huge ‘cha-ching’ moment for giant corporations.Generally speaking, data is harvested by corporations so that they can analyse what people do on any given technological front so that they can build a bigger picture of patterns, trends, and actionable information. Often the harvest is driven by giant corporations and the “one-percent’ group so that they can better improve their products and services to suit consumer needs. Really, it sounds like a very benevolent move, but in reality, it is the way that the one-percent stay as such. They capitalise on data to the benefit of their back-pocket, and they share their insights with their fellow corporation owners.In some regards, you could say that they take from us what we deem to be of no value, and they turn it into an asset, giving it a value, and subsequently, they monopolise it. To quote a popular saying, “one man’s trash is another man’s treasure.”Why “Democratising” it is so ImportantThe democratisation of data is important for a myriad of reasons, but most importantly, it is a way to educate the masses and show them that what they think has little or no value is actually a resource that can be leveraged. Individuals and, more specifically, companies are interested in our data. To get hold of it, they give money in exchange for access to giant corporate stockpiles. Theoretically, the same rule would apply if we held our own data in a private place. Research institutes and companies who need the data would pay a pretty penny to take it from you.Pretty penny though it may be, there currently isn’t a marketplace for what would be classed as micro-transactions, given the minuscule size of our personal data piles in comparison to the collations that giant corporations hold. There are, however, data marketplaces where harvests are put up for sale unbeknownst to us, and it commands a hefty price tag.So, to summarise, the democratisation of data is incredibly important if we want to realise a society where we are in control of our own information and giant corporations aren’t able to capitalise upon it without our permission. More recently, there have been suggestions that we could, realistically, take this power away from corporations and better control our own data’s fate.How Blockchain can Level the Playing FieldBlockchain technology is currently pushing the boundaries of our traditional, centralised society, by offering an alternative to the norm. The idea of taking power away from the systems that we use and depend upon on a daily basis seems like a very far-fetched, arguably impossible, feat. However, developers within the peer-to-peer, decentralised safety of the blockchain haven are shifting their focus from creating borderless currencies and the implementation of smart contracts. Instead, they are looking to move the data marketplace to the blockchain platform.The premise is that if a consumer wishes to control and profit from their own data, blockchain technology is the perfect platform to use. Wibson, a blockchain-based, decentralised data marketplace, is at the forefront of this development. The group “provides individuals a way to securely and anonymously sell validated private information in a trusted environment.”The blockchain is both a buyers and sellers paradise. With its transparent nature, blockchain allows both the buyer and the seller to sign and execute smart contracts, which trigger the transfer of an encrypted data transaction. The seller is able to keep their anonymity while presenting their data on the marketplace; the smart contract locks in the quality and accuracy of the data and transfers it off-chain to the buyer, who can contest any discrepancies if they are the recipient of misleading data.Another plus for sellers is that they are able to control their sale. By this, I mean to say that they can choose how much data they would like to sell, the conditions for its use, and the set price for it.Blockchain technology is allowing for a whole host of developments which will take power away from traditional, centralised systems to be replaced by an equal, transparent community that features honesty and accountability — a democratic system, enforced by technology. The aim is to positively impact society and force a revolutionary change.Championing the cause, engineers at Revain are working towards the creation of blockchain-based platform for the sake of the (not too-) common people. The goal is to provide a platform for transparent and accountable transactions among a community of like-minded enthusiasts, entrepreneurs, techies, and general consumers where transactions of assets, such as big data caches, can commence without the regulation, monopolisation, or the unwarranted third-party interference (read: fees) typical of traditional “centralised” systems. While there is a ways to go before this platform is ready for prime-time, the time is now to position ourselves among the mighty. When a community of like-minded, driven people comes to fruition, where a common goal is shared, all sorts of great things are bound to materialise. The power of one becomes two and it continues to multiply; the larger the movement, the bigger the impact, the better the change. Watch this space for updates on Revain’s progress.It is clear that the blockchain’s decentralisation can offer a genuine alternative for people’s freedom of data. If successfully implemented, the democratisation of data will lead to the downfall of covert data-hoarding by giant corporations and put an end to their capitalisation and monopolisation of other people’ data. The changes in tech and blockchain are fast-paced, often ground-breaking, and will contribute to a better, fairer, decentralised world.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Democratisation of Data was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 04. 04

Revain Monthly Report: Marc...

Another month has passed, and we continue to deliver you summaries of project’s activity during that time boiled down to the most crucial points. If we were to concise it even beyond what we already do, it would’ve been enough to say that March has been pretty active for Revain, even despite some unfavorable news. So now, least we adjourn any more than necessary, let us go over what exactly had made this month a success.March 1. We’ve expanded upon the list of cryptocurrency wallets available for review on Revain.March 11. A currently-in-development status, Revain Experts, is announced, Revain Experts Application is created to discover the fitting candidates amongst our community.March 13. Revain platform is updated. An addition of an option to leave comments under Reviews and blog-posts is declared.March 14. Revain Author of the Month competition announced, the prize pool is 2500 R.March 18. Revain is listed on DigiFinex. R/BTC and R/ETH pairs are being traded.March 20. A competition is launched to encourage the trading of Revain on DigiFinex.March 26. One of the exchanges Revain is listed on, DragonEx, has been hacked. 138k R tokens were stolen.March 29. The reworked search function was released, new functionality implemented; now it’s much easier to find related information.Here’s a list of most prominent articles concerning Revain, both third-party and our own, of the past month.1) Revain on Medium: Crypto Trends and Tendencies: New legislation around the worldhttps://medium.com/revain/crypto-trends-and-tendencies-new-legislation-around-the-world-57794f012e0b2) Revain on Medium: Successful ICO Model: A case studyhttps://medium.com/revain/successful-ico-model-a-case-study-766f009088233)Revain Blog, Beginner’s section: All you Need to Know about Huobi Token — Complete Guidehttps://revain.org/beginners-section/what-is-huobi-ht-token4) Revain on Medium: Tech Companies Capitalising on AI and Blockchainhttps://medium.com/revain/tech-companies-capitalising-on-ai-and-blockchain-a03b6099b7825)Revain Blog, Beginner’s section: The 6 Most Anonymous Bitcoin Walletshttps://revain.org/beginners-section/anonymous-bitcoin-wallets6)Revain on Medium: How to Train Your AIhttps://medium.com/revain/how-to-train-your-ai-98113bdac1017)Revain Blog, Beginner’s section: What is KuCoin Shares (KCS) — Complete Guidehttps://revain.org/beginners-section/what-is-kucoin-shares-kcsJoin us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain Monthly Report: March 2019 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 04. 03

How to Train Your AI

By Sherise TanWhen most people think about artificial intelligence (AI), ideas of self-driving cars and robots often come to mind. However, many do not stop to think about the process of how AI works to make these conveniences come to life. By being fed large amounts of data, AI is trained through machine learning (ML) and deep learning to gather insights from data and automate tasks at scale. The machines learn how to analyse and make predictions — to “think” as much like humans as possible.So how long does it take for AI to be trained? It could take hours, weeks, and even longer. The answer really comes down to factors such as hardware, optimisation, number of layers in the neural network, size of your dataset, and more.To get a better idea of this, let’s examine how AI training works and what it requires.Machine Learning vs Deep LearningThe whole process of training AI is a highly complex and fascinating one. Within the field of AI research, machine learning is garnering much attention and accolades.Machine learning is a subset of AI that allows computer systems to automatically learn and improve, without being programmed by a human. Machine learning uses algorithms that discover patterns, then modifies itself as it is exposed to more data — it adjusts in accordance to the data that it has been exposed to, much like a child who learns from his experience.Subsequently, deep learning is a more specialised approach to machine learning that uses artificial neural networks to mimic the human brain in processing data. The computers learn through positive and negative reinforcement, relying on continual processing and feedback. Examples of applications of deep learning are image recognition technology and speech recognition voice assistants like Siri or Cortana.Deep learning relies on its “deep” and multiple layers of neural networks. Each neuron on the network consists of a mathematical function that is fed data to be transformed and analysed as an output. The computer learns how to weigh the importance of each link between the neurons to create successful predictions. Deep learning is especially helpful when it comes to solving complex problems with different variables.In machine learning, relevant features are extracted from the images, whereas deep learning is an end-to-end process where features are automatically extracted. Deep learning also has the ability to scale with data as networks improve and when the amount of data increases. However, with this increased input of data, comes an increased computing power and training time.What is AI Training Like?The actual process of AI training itself involves three steps: training, validating, and testing. By feeding data into the computer system, it is being trained to produce a particular prediction with each cycle. Each time, the parameters can be adjusted to ensure that the predictions become more accurate with each training step.The algorithm is then verified by running validation data against the trained model. New variables may need to be adjusted to improve the algorithm at this stage. Once it has passed the validation stage, the system can be tested with real-world data that have no tags or labels. This is the time to see if the algorithm is ready to be used for its intended purpose.Of course, there are ways to shorten the timeframe of AI training. Creating a deep learning model from scratch can take days or weeks to train, because of the large amount of data and rate of learning.Instead, most deep learning applications use a process called transfer learning, where adjustments are made using a pre-trained model. By tweaking an existing network, fresh data can be added and new outcomes or tasks can be trained. Not only does this require less data — from millions to thousands of images — training times can also decrease to minutes or hours.Feature extraction is another method of deep learning. It involves extracting a layer from the neural network that is tasked with learning a certain feature from the images and using that feature as an addition to another machine learning model.What Needs to be in Place?While the process of AI training can be time-consuming, there are also several other requirements that can affect the AI training process:DataAs data is an integral piece of the algorithm puzzle, having a clean and accurately labelled dataset is key. By inputting accurate data into the algorithm, it follows that you will have accurate outputs, resulting in a more efficient and timely training process. For example, for driverless car development, a dataset can include millions of images and thousands of hours of video.HardwareDeep learning requires vast amounts of computing power. This means having high-performance Graphics Processing Units (GPUs) combined with clusters or cloud computing to reduce deep learning training time from weeks to hours. As AI training can be done in parallel, setting up a system where you can train on multiple GPUs, or in a cluster can help accelerate training.Having special equipment like the Nvidia Tesla V100 GPU and DGX1 server is essential for heavy-duty training needs. These can cost a pretty penny, from about $10,000 USD for the GPU and $149,000 USD for the server. Alternatively, you can rent hardware that is platformed in the cloud from providers like Amazon Web Services, Google Cloud, and Microsoft Azure.SoftwareWhen renting computing infrastructure, each cloud provider has its own automated machine-learning software such as Microsoft’s Machine Learning Studio, Google’s Cloud AutoML and AWS SageMaker. Others may also utilise deep learning software such as Google’s TensorFlow and Pytorch to design training models.DevelopersThere is a shortage of experienced AI developers in the world, with an estimate of less than 10,000 people who have the relevant skills for AI research. AI specialists are so highly sought after that they are paid anywhere from $300,000 to $500,000 per annum in salary and company stock, and academics from top universities are being lured away to work for tech giants. Developers are not only required to have a Ph.D. in computer science, but also need expertise in different disciplines like C++ programming, STL, and have a background in physics or life sciences.How Blockchain Can Help with AI trainingWith all that said, blockchain technology is a new innovation that can expedite AI training. Since obtaining large datasets for AI training can be difficult, emerging blockchain startups are finding new ways for blockchain and AI technologies to work together to decentralise the ownership of data, making it available to the masses for collaboration and expansion.For example, some startups like Datum, Synapse, and Computable are building data marketplaces, where participants receive tokens in exchange for sharing their data with businesses. Other startups like Numerai allow data scientists to propose models to solve machine learning problems in exchange for compensation with NMR tokens.There are many benefits that occur when blockchain and AI converge, including the fact that blockchain can help to decentralise AI, keeping it independent and autonomous from any particular corporation, as well as ensuring the process is protected with encrypted data.Thus, while AI training requires technical expertise and oftentimes huge investment in the process, new innovations like blockchain-based data marketplaces are emerging to supplement this area. The convergence between blockchain and AI seems to be the next natural step that could be the catalyst for a new pace of innovation for AI training.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|How to Train Your AI was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 28

Tech Companies Capitalising...

By Oliver FreemanA decade ago, blockchain took the world by storm — a hyperbole filled craze which, for many people, seemed like a temporary novelty with its promise of a distributed, decentralised public ledger that would challenge and overcome traditional systems and institutions.Yet, much like the story of David and Goliath, blockchain stands strong and has garnered the backing of a myriad of followers in an attempt to fight institutional giants of this world. Through this struggle, many successes have been achieved and numerous developments made, ranging from the development of applications, security systems, currencies, and new payment systems, just to name a few.A more recent trend, however, is the creation of blockchain-based decentralised applications (dApps) combined with the power of artificial intelligence (AI), allowing for autonomy and independence from governing corporations, moving us one step closer to the elimination of many monopolies.Blockchain and AI: A powerful pairingAcross the tech ecosystem, the use of AI is becoming more prevalent to, among other things, collect data and build behavioural algorithms. To stay competitive, companies across the spectrum are adapting and incorporating this new technology into their products and services — which comes with challenges of its own.Many crypto startups are pushing to create a new form of data marketplace which democratises access to AI data and allows these visionaries to share their data with projects and people that need it. Due to the fact that these marketplaces are powered by blockchain technology, there is no handling of files other than between the providers and users, keeping sensitive data from the prying eyes of reigning tech giants.Here are a few blockchain-developed companies that have successfully implemented AI into their services, and have made their foray into eradicating the monopolisation of data.Neureal.netFounded by Wil Bown in 2014, a prolific crypto miner and winner of the Million Dollar Texas Bitcoin Hackathon, The Neureal Foundation’s aim is to grow the world’s largest decentralised repository of predictive intelligence. Their software, Neureal, is an open-source, peer-to-peer AI supercomputer.As seen in the Neureal White Paper, The Neureal Foundation used a staggered, four-stage funding process and has spent the undisclosed final sum to produce the first software of its kind. The software utilises decentralised protocol technology to produce distributed AI architecture, providing an infinitely scalable live data stream prediction, powered by blockchain tech.Neureal gives individuals and SMEs access to an AI component that they wouldn’t usually be able to leverage. Their goal is to allow anyone to be right about anything, forever — which would remove the necessity of handling data of any size, and eliminates the cost burden of supercomputing.The system is built in a modular fashion, so that components can be chopped and changed whenever necessary, to fit with any industry. Its prospects are endless: Neureal’s architecture is capable of predicting a heart attack accurately enough to save a life and can predict a hurricane accurately enough to warn people of the danger. It can even predict traffic and human patterns so sufficiently that companies like Lyft and Uber can adjust their routes and navigations to suit.There’s still a long way to go for this startup, but as the foundation says, “Neureal gives humans the power to become limitless by predicting the future of anything.”Dopamine.aiIn an age where data is becoming the fuel of the global economy, Goliaths such as Facebook, Apple, and Microsoft have monopolised the data market into a proprietary asset that drives their own profits. Centralised ownership of data is, clearly, becoming a problem. Founded by Uri Yerushalmi in 2017 and funded through a series of ICOs, Dopamine.ai believes that the monopolisation of data stifles data monetisation potential — meaning that when an entity controls all the data, others are unable to make money from the buying, selling or trading of said commodity.According to Dopamine’s whitepaper, they found that data monetisation will become one of the primary sources of revenue in an economy that will create 180 zettabytes of data — 180 trillion gigabytes, to put it into perspective — by 2025. That’s if the data market becomes more democratic and tech giants stop monopolising the marketplace for the data they hoard.In an attempt to force this change, the Dopamine network intends to be a disruptive solution to the current data and AI monopoly. Dopamine provides a decentralised marketplace on the blockchain platform for data providers, processors, and end users, that features frictionless micropayments for exchanging data by removing the middleman and all associated fees and third-party interference. They raise barriers which allow smaller tech companies to enter the data and AI industry.NumeraiNumerai was founded in late 2015 by Richard Craib. Using his connections in the economic sphere, Craib crowdsourced the platform with backing from Peter Diamandis, Renaissance Technologies co-founder Howard Morgan, and Union Square Ventures. As it stands, Numerai believes that the stock market predictions are inefficient when it comes to machine learning (ML), as only a fraction of the world’s data scientists has access to its data.Numerai proposes a new system for data scientists to communicate their beliefs about the quality of the current stock market prediction system. This system comes in the form of a decentralised hedge fund where thousands of data scientists from across the globe pool their intelligence together on the Numerai platform. On the platform, data scientists are constantly working on AI and blockchain problems. Given that there are so many contributors, there are often myriads of solutions to one problem which Numerai combines into a metamodel. This metamodel is classed as invisible super intelligence and is used to produce the most accurate possible predictions for the stock market movement.In the spirit of keeping things interesting and accountable, whenever a scientist proposes a new model to Numerai, they must back it with a portion of their NMR (Numerai crypto) token. If their proposed model is approved and chosen, his/her stake will be doubled or tripled in return. Numerai also runs a competition whereby scientists create models based on raw data on ML problems which Numerai provides, rewarding them with Numeraire (NMR) cryptographic token. This system pushes scientists to do their very best work — proven by the fact that they have earned over $7 million USD in NMR tokens to date.A Wider PerspectiveThe Numerai platform concept has a larger appeal if one can take a giant step back from the forest. In a similar vein, engineers at Revain are diligently working towards the creation of such a community-based platform where like-minded enthusiasts, entrepreneurs, techies, and general consumers alike can gather to exchange ideas, perspectives, and experiences, all on their blockchain-based system, providing transparent and unbiased reviews that are completely immutable. When a community develops around a central theme or goal, sharing knowledge, opinions, insider experiences, and recommendations, all sorts of great things are bound to materialise. If two minds are better than one, how awesome would be 100 or 1,000? While there is a way to go before The Platform will be ready for prime-time community collaboration, the engineers are working out the code as we speak. Watch this space for updates on Revain’s progress.From these innovative projects, it’s clear that the marriage of blockchain and AI is reproducing companies that already demonstrate vast potential, and who are swiftly revolutionising traditional systems across the spectrum. The changes in tech are fast-paced, often ground-breaking, and will contribute remarkable findings and knowledge to our world and the businesses that span across it.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Tech Companies Capitalising on AI and Blockchain was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 20

Successful ICO Model: A cas...

By Oliver FreemanAs the world enters an era of technical wizardry, tech-savvy people are jumping at the opportunity to invest in the latest cryptocurrencies and platforms. The startups that endured have seen their crypto coins and platforms soar in value, while others failed and upon their quiet slip into obscurity or grand exit under the glare of media attention took investors dollars right along with them.Raw Model StartupWhether soaring or falling, though, startups have all needed a foundation from which they can develop their new projects. Initial Coin Offerings (ICO), which is becoming one of the biggest and most well-known trends in the cryptocurrency sphere, has, for the majority, become said foundation. Initial coin offerings have allowed many new ambitious projects to raise funds from supporting investors. Through this modern, revolutionary concept, investors pay into the project in return for a proportionate amount of their new cryptocurrency. Immense project funding has been raised this way.In 2017, the EOS Blockchain platform launched its smart-contract platform for building decentralised applications. The platform, created by Block.one, boasted an all-star team of prominent names within the cryptosphere: between them, Block.one, Bitshares Blockchain, Blockchain Capital, DNA, Ricardian Contracts, Steemit, Tether, and triple-entry accounting had all been created.What makes a successful ICO?The success and traction of an ICO are often judged by its popularity, level of investment and the media attention that it gains. EOS certainly gained plenty and, in the knowledge that their investments were in the safe hands of reputable crypto developers, investors jumped at the opportunity to get involved, and EOS’s startup ICO grew to astronomical levels. In its opening five days, EOS investment broke records, hitting $185 million USD, eventually reaching a figure of 5,148,884.15 ETH by the end of its year-long period.The White Paper: Brilliant IdeaThe new platform was initially proposed in the EOS.IO Technical White Paper as the dawn of a new era for blockchain computing. Developed in a way that made it similar to the operating system of a computer, EOS.IO relies on existing blockchain architecture that features both vertical and horizontal scaling of decentralised peer-to-peer applications (dApps).EOS’s ambitions were, and still to this day are, to develop the world’s most robust infrastructure for decentralised application development, providing a regulating set of services and functions that dApps could leverage to assist and ease their development process. The system would include “databases, accounts, authentication, asynchronous communication, and the scheduling of applications across many CPU cores or clusters.”Funding and PartnershipsTo build an economy for this new blockchain, Block.one intended to launch a year-long, uncapped token sale. The sale would take place on the Ethereum blockchain, with the issuance of an Ethereum-based ERC20 token, known as the EOS token. After registering for a mandatory token swap, these ERC20 tokens would be converted to EOS tokens on the EOSIO platform.To aid EOSIO in the pursuit of their EOS platform, Block.one created the EOS VC and has partnered with and secured investment, nearing $1 billion USD from the following organisations:Tomorrow Blockchain Opportunities. A partnership worth $50 million USD.Galaxy Digital LP. A joint venture to create the EOSIO Ecosystem Fund, worth $325 million USD.FinLab AG. A partnership to create a $100 million USD Europe-focused fund.A partnership with industry specialists, Michael Cao and Winnie Liu, to create a $200 million USD fund, to be used on Asia-focused EOSIO projects.EOS Global. This is a $200 million USD venture fund, investing in entrepreneurs and developers leveraging EOSIO technology to create a more efficient and aligned society.SVK Crypto. A partnership with the London-based Investor in blockchain technologies, worth $50 million USD, and will be used “to accelerate the development of the EOSIO blockchain ecosystem.”It is worth noting that, while EOS has secured a $325 million USD investment to create the EOSIO Ecosystem, on their new platform the EOS.IO Technical White Paper states that holders of the EOS tokens will be responsible for managing and maintaining the blockchain’s ecosystem, achieved by voting for different block producers that mine blocks and maintain the network.Marketing and PublicityThe popularity of EOS came, in part, from an excellent PR campaign. Block.one, as stated by Coindesk, “made a public relations splash, hosting numerous informational sessions, sponsoring post-conference receptions, giving out free t-shirts and even advertising on a Times Square jumbotron”. Furthermore, the executives of the company spoke at a myriad of conferences and met colleagues and potential clients at “meetups” in some major cities across the globe to explain and elaborate on their new idea.But it wasn’t all smooth sailing for the startup. During the early stages of the ICO, EOS itself fell afoul of hype-ridden information. When John Oliver, host of ‘Last Week Tonight’ aimed to dampen cryptocurrency by stating that cryptocurrency combines ‘everything you don’t understand about money, with everything you don’t understand about computers,’ he went on to say:“Who knows? Maybe EOS is going to be the next Google. I don’t think it is, and I certainly don’t think it can be worth over a billion dollars at this point, but I could be wrong. I’m absolutely not, but I could be”As Phineas T. Barnum once said, “There’s no such thing as bad publicity.” And Oliver couldn’t have been more wrong about EOS’s estimated projection, which, as of March 8, 2019, sits at over $11 billion USD according to Revain’s Review Platform. Fortunately, Oliver failed to damage the reputation of the platform and may, instead, have contributed to its wild success.The TeamEOS also built a team of professionals — of the highest calibre — who were also familiar faces within the cryptosphere. This drew potential investors in simply due to the prospect of these developers working together. The initial team of founders included Block.one CEO Brendan Blumer, crypto veterans, Brock Pierce and Ian Grigg, as well as EOS’s CTO, Dan Larimer, a prolific blockchain problem solver and developer. If ever you needed to choose four men to provide a blockchain education masterclass, the majority of the community would elect these four to provide it.Follow ThroughFrom the original EOS.IO Technical White Paper up until the present day, EOS has kept their word. According to the EOS.IO GitHub page, there are still 222 issues to resolve, and 3,897 which have been successfully addressed to date. January 2019 saw the release of EOSIO v1.6.0. On the platform, there are now 460 live projects as shown on EOSindex, which tracks the number of dApps on the EOS platform.Among these projects, one of particular note is Everipedia, ”an Encyclopedia for the modern age,” which, back in 2017, caught the attention of Larry Sanger, the co-founder of Wikipedia, who opted to join the block.one team, as its Chief Information Officer. Upon his entrance, Sanger made the following statement:“The biggest problem with online information today is that it is centralised and controlled by a very few players, that it benefits to have the most salacious and hype-ridden information. We can do much better.”Where are they now?All-in-all, the EOS ICO proved to be an incredible success, and investors interested in the project can monitor all the EOS development on the Revain Platform — the first blockchain-based review platform for the crypto community, exercising the provision of transparent and unbiased reviews on blockchain technology and developments.EOS has come a long way in a short space of time. The developers are swiftly moving towards the finish line of their project, and the EOS token is well-circulated with market predictions suggesting that its value will soar over the coming years. The platform has seen the successful implementation of both vertical and horizontal scalability, interchain communication and DPoS, the combination of which has allowed EOS to process nearly 3,000 TPS, breaking another blockchain record.The EOS story is far from over, in any case. With plans to introduce asynchronous byzantine Fault Tolerant (abFT) and Universal Resource Inheritance (URI), aiming to provide the gold standard for security systems among distributed systems, as well as challenging the current social norms surrounding property rights with URI. Causes which we could all, perhaps, get behind, showing that ESO has achieved its claim by ushering a new era of blockchain development to the forefront of crypto pioneering. It can be said that EOS is the most ambitious, but, arguably, the most successful ICO that we have witnessed, to date.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Successful ICO Model: A case study was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 14

Successful ICO Model: A cas...

By Oliver FreemanAs the world enters an era of technical wizardry, tech-savvy people are jumping at the opportunity to invest in the latest cryptocurrencies and platforms. The startups that endured have seen their crypto coins and platforms soar in value, while others failed and upon their quiet slip into obscurity or grand exit under the glare of media attention took investors dollars right along with them.Raw Model StartupWhether soaring or falling, though, startups have all needed a foundation from which they can develop their new projects. Initial Coin Offerings (ICO), which is becoming one of the biggest and most well-known trends in the cryptocurrency sphere, has, for the majority, become said foundation. Initial coin offerings have allowed many new ambitious projects to raise funds from supporting investors. Through this modern, revolutionary concept, investors pay into the project in return for a proportionate amount of their new cryptocurrency. Immense project funding has been raised this way.In 2017, the EOS Blockchain platform launched its smart-contract platform for building decentralised applications. The platform, created by Block.one, boasted an all-star team of prominent names within the cryptosphere: between them, Block.one, Bitshares Blockchain, Blockchain Capital, DNA, Ricardian Contracts, Steemit, Tether, and triple-entry accounting had all been created.What makes a successful ICO?The success and traction of an ICO are often judged by its popularity, level of investment and the media attention that it gains. EOS certainly gained plenty and, in the knowledge that their investments were in the safe hands of reputable crypto developers, investors jumped at the opportunity to get involved, and EOS’s startup ICO grew to astronomical levels. In its opening five days, EOS investment broke records, hitting $185 million USD, eventually reaching a figure of 5,148,884.15 ETH by the end of its year-long period.The White Paper: Brilliant IdeaThe new platform was initially proposed in the EOS.IO Technical White Paper as the dawn of a new era for blockchain computing. Developed in a way that made it similar to the operating system of a computer, EOS.IO relies on existing blockchain architecture that features both vertical and horizontal scaling of decentralised peer-to-peer applications (dApps).EOS’s ambitions were, and still to this day are, to develop the world’s most robust infrastructure for decentralised application development, providing a regulating set of services and functions that dApps could leverage to assist and ease their development process. The system would include “databases, accounts, authentication, asynchronous communication, and the scheduling of applications across many CPU cores or clusters.”Funding and PartnershipsTo build an economy for this new blockchain, Block.one intended to launch a year-long, uncapped token sale. The sale would take place on the Ethereum blockchain, with the issuance of an Ethereum-based ERC20 token, known as the EOS token. After registering for a mandatory token swap, these ERC20 tokens would be converted to EOS tokens on the EOSIO platform.To aid EOSIO in the pursuit of their EOS platform, Block.one created the EOS VC and has partnered with and secured investment, nearing $1 billion USD from the following organisations:Tomorrow Blockchain Opportunities. A partnership worth $50 million USD.Galaxy Digital LP. A joint venture to create the EOSIO Ecosystem Fund, worth $325 million USD.FinLab AG. A partnership to create a $100 million USD Europe-focused fund.A partnership with industry specialists, Michael Cao and Winnie Liu, to create a $200 million USD fund, to be used on Asia-focused EOSIO projects.EOS Global. This is a $200 million USD venture fund, investing in entrepreneurs and developers leveraging EOSIO technology to create a more efficient and aligned society.SVK Crypto. A partnership with the London-based Investor in blockchain technologies, worth $50 million USD, and will be used “to accelerate the development of the EOSIO blockchain ecosystem.”It is worth noting that, while EOS has secured a $325 million USD investment to create the EOSIO Ecosystem, on their new platform the EOS.IO Technical White Paper states that holders of the EOS tokens will be responsible for managing and maintaining the blockchain’s ecosystem, achieved by voting for different block producers that mine blocks and maintain the network.Marketing and PublicityThe popularity of EOS came, in part, from an excellent PR campaign. Block.one, as stated by Coindesk, “made a public relations splash, hosting numerous informational sessions, sponsoring post-conference receptions, giving out free t-shirts and even advertising on a Times Square jumbotron”. Furthermore, the executives of the company spoke at a myriad of conferences and met colleagues and potential clients at “meetups” in some major cities across the globe to explain and elaborate on their new idea.But it wasn’t all smooth sailing for the startup. During the early stages of the ICO, EOS itself fell afoul of hype-ridden information. When John Oliver, host of ‘Last Week Tonight’ aimed to dampen cryptocurrency by stating that cryptocurrency combines ‘everything you don’t understand about money, with everything you don’t understand about computers,’ he went on to say:“Who knows? Maybe EOS is going to be the next Google. I don’t think it is, and I certainly don’t think it can be worth over a billion dollars at this point, but I could be wrong. I’m absolutely not, but I could be”As Phineas T. Barnum once said, “There’s no such thing as bad publicity.” And Oliver couldn’t have been more wrong about EOS’s estimated projection, which, as of March 8, 2019, sits at over $11 billion USD according to Revain’s Review Platform. Fortunately, Oliver failed to damage the reputation of the platform and may, instead, have contributed to its wild success.The TeamEOS also built a team of professionals — of the highest calibre — who were also familiar faces within the cryptosphere. This drew potential investors in simply due to the prospect of these developers working together. The initial team of founders included Block.one CEO Brendan Blumer, crypto veterans, Brock Pierce and Ian Grigg, as well as EOS’s CTO, Dan Larimer, a prolific blockchain problem solver and developer. If ever you needed to choose four men to provide a blockchain education masterclass, the majority of the community would elect these four to provide it.Follow ThroughFrom the original EOS.IO Technical White Paper up until the present day, EOS has kept their word. According to the EOS.IO GitHub page, there are still 222 issues to resolve, and 3,897 which have been successfully addressed to date. January 2019 saw the release of EOSIO v1.6.0. On the platform, there are now 460 live projects as shown on EOSindex, which tracks the number of dApps on the EOS platform.Among these projects, one of particular note is Everipedia, ”an Encyclopedia for the modern age,” which, back in 2017, caught the attention of Larry Sanger, the co-founder of Wikipedia, who opted to join the block.one team, as its Chief Information Officer. Upon his entrance, Sanger made the following statement:“The biggest problem with online information today is that it is centralised and controlled by a very few players, that it benefits to have the most salacious and hype-ridden information. We can do much better.”Where are they now?All-in-all, the EOS ICO proved to be an incredible success, and investors interested in the project can monitor all the EOS development on the Revain Platform — the first blockchain-based review platform for the crypto community, exercising the provision of transparent and unbiased reviews on blockchain technology and developments.EOS has come a long way in a short space of time. The developers are swiftly moving towards the finish line of their project, and the EOS token is well-circulated with market predictions suggesting that its value will soar over the coming years. The platform has seen the successful implementation of both vertical and horizontal scalability, interchain communication and DPoS, the combination of which has allowed EOS to process nearly 3,000 TPS, breaking another blockchain record.The EOS story is far from over, in any case. With plans to introduce asynchronous byzantine Fault Tolerant (abFT) and Universal Resource Inheritance (URI), aiming to provide the gold standard for security systems among distributed systems, as well as challenging the current social norms surrounding property rights with URI. Causes which we could all, perhaps, get behind, showing that ESO has achieved its claim by ushering a new era of blockchain development to the forefront of crypto pioneering. It can be said that EOS is the most ambitious, but, arguably, the most successful ICO that we have witnessed, to date.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Successful ICO Model: A case study was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 14

Crypto Trends and Tendencie...

By Sherise TanThe 2019 year is shaping up to be the year of crypto legislation. In July 2018, Malta became the first country in the world to set up regulatory frameworks for blockchain, cryptocurrency, and Distributed Ledger Technology (DLT). Soon after, countries like Russia and India also started the ball rolling, implementing national legislation for cryptocurrency regulation. Let us take a look at the new trends and tendencies in crypto legislation expected to be seen throughout 2019.Current Trends in Crypto Legislation in 2019One of the main drivers of formal crypto legislation is the crackdown on money laundering and financing of terrorism using cryptocurrency. In October 2018, the G20 countries signed a declaration to regulate cryptocurrencies and combat against the financing of terrorism in line with the Paris-based Financial Action Task Force (FATF) by June 2019.The ability to use cryptocurrency to make transactions globally has made it a useful tool for criminals and terrorists, thus leading to the rise of anti-money laundering (AML) and combating the financing of terrorism (CFT) laws.The same G20 meeting also led to these countries making progress towards an international cryptocurrency tax. However, this is yet to be confirmed, as the declaration talks about “the impacts of the digitalisation of the economy on the international tax system,” but does not mention cryptocurrency specifically or provide a particular course of action. Key leaders in the crypto industry are still concerned about this, with speculation that a crypto tax could still occur on a national level.There has also been a clampdown on Initial Coin Offerings (ICOs). For example, the European Parliament’s Committee on Economic and Monetary Affairs published a paper that would impose new laws against ICOs, and U.S. Representative, Warren Davidson of Ohio unveiled a plan to send a bill before Congress that would create a separate asset class for tokens issued under ICOs. While ICOs have been used to crowdfund money for crypto projects, there has been no regulation effort between countries, which has made investors susceptible to scams and frauds.Instead, there has been a greater move towards Securities Token Offerings (STOs), where investor tokens are part of an actual electronic stake in the business or project. Security tokens give holders a form of equity or ownership of a specific asset, and which are regulated similarly to that of traditional financial instruments. Previously in ICOs, investors would obtain tokens that were unusable until the project took off, with no legal obligations for companies to deliver the project once funding was secured. New players like Polymath and CentrumCoin have emerged to help companies and retail investors participate in this changing ecosphere.Key Players In Crypto LegislationMaltaMalta is one of the more progressive countries with regards to crypto legislation. The Maltese government announced the Virtual Financial Assets Act (VFA) and the Innovative Technology Arrangement and Services Act (ITAS) which came into effect on November 1st, 2018. The ITAS will regulate “innovative technology arrangements and innovative technology services,” and certificates issued to approved technology providers. The VFA will regulate the issuance of ICOs in the country. The VFA stipulates that the issuer must publish a white paper that is clear and comprehensible, and signed by all members of the issuer’s Board of Administration.Malta does not recognise cryptocurrency as a legal tender, but it is defined as a “digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value.”SingaporeA key financial hub in Asia, Singapore, has taken an open approach to cryptocurrency, with the Monetary Authority of Singapore (MAS) even publishing a guideline to understanding how cryptocurrencies relate to the Securities and Futures Act and how the government regulates these activities. Cryptocurrency exchanges and trading are legal, and Bitcoins are considered as ‘goods’ and subject to Goods and Services Tax.JapanIn Japan, cryptocurrencies have been recognized as legal tender under the Payment Services Act since April 2018. It is also the biggest market for Bitcoin, and the National Tax Agency has now ruled that gains on cryptocurrencies are taxed as ‘miscellaneous income’ at rates of 15 to 55%. Crypto exchanges are legal in Japan, but have since been regulated through registration with the Financial Services Agency. Future compliance will fall under the legislation of the Japanese Virtual Currency Exchange Association.RussiaMeanwhile, Russia’s bill to regulate the activities of electronic platforms and marketplace has been submitted since the end of December 2018 and is expected to be adopted by February 15, 2019, to launch a pilot project between 20 licensed credit institutions and the Moscow Stock Exchange.However, Alexander Konovalov, Russia’s Minister of Justice also recently said that legislation on cryptocurrencies will not be formalised anytime soon. Konovalov also reiterated that the official currency of Russia is the Ruble, implying that the introduction of other currencies such as crypto is against the Russian constitution. The government has already postponed the passing of three draft crypto bills in 2018, leading to confusion of the status of crypto legislation in the country.Using Crypto in a Fiat WorldFor countries that have embraced cryptocurrency, getting people to use it for day-to-day purchases is another story.Malta reportedly has a two-way Bitcoin ATM, run by company MoonZebra, which helps users to buy and sell cryptocurrencies — like Bitcoin — instantly with cash. Retail Point of Sale (POS) software by Recruit Lifestyle and Coincheck has been rolled out to 260,000 retail stores in Japan to accept Bitcoin as a form of payment. This software allows customers to simply scan a code on the Mobile Payment app to make a transaction using cryptocurrency. In Singapore, customers can now use the Crypto.com’s MCO Visa card to withdraw cash, tap and pay with cryptocurrency and do interbank transfers with cheap rates. The Visa card can be recharged with major cryptocurrencies like Bitcoin and Etherum.While these new crypto developments seem to be encouraging for the industry, governments like Russia are still standing on the sidelines with a wait-and-see approach towards legislation. Alternatively, by having a clearly defined stance on the issue, governments can start to tame this ‘Wild crypto West’ and bring more credibility to cryptocurrencies.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crypto Trends and Tendencies: New legislation around the world was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 05

Crypto Trends and Tendencie...

By Sherise TanThe 2019 year is shaping up to be the year of crypto legislation. In July 2018, Malta became the first country in the world to set up regulatory frameworks for blockchain, cryptocurrency, and Distributed Ledger Technology (DLT). Soon after, countries like Russia and India also started the ball rolling, implementing national legislation for cryptocurrency regulation. Let us take a look at the new trends and tendencies in crypto legislation expected to be seen throughout 2019.Current Trends in Crypto Legislation in 2019One of the main drivers of formal crypto legislation is the crackdown on money laundering and financing of terrorism using cryptocurrency. In October 2018, the G20 countries signed a declaration to regulate cryptocurrencies and combat against the financing of terrorism in line with the Paris-based Financial Action Task Force (FATF) by June 2019.The ability to use cryptocurrency to make transactions globally has made it a useful tool for criminals and terrorists, thus leading to the rise of anti-money laundering (AML) and combating the financing of terrorism (CFT) laws.The same G20 meeting also led to these countries making progress towards an international cryptocurrency tax. However, this is yet to be confirmed, as the declaration talks about “the impacts of the digitalisation of the economy on the international tax system,” but does not mention cryptocurrency specifically or provide a particular course of action. Key leaders in the crypto industry are still concerned about this, with speculation that a crypto tax could still occur on a national level.There has also been a clampdown on Initial Coin Offerings (ICOs). For example, the European Parliament’s Committee on Economic and Monetary Affairs published a paper that would impose new laws against ICOs, and U.S. Representative, Warren Davidson of Ohio unveiled a plan to send a bill before Congress that would create a separate asset class for tokens issued under ICOs. While ICOs have been used to crowdfund money for crypto projects, there has been no regulation effort between countries, which has made investors susceptible to scams and frauds.Instead, there has been a greater move towards Securities Token Offerings (STOs), where investor tokens are part of an actual electronic stake in the business or project. Security tokens give holders a form of equity or ownership of a specific asset, and which are regulated similarly to that of traditional financial instruments. Previously in ICOs, investors would obtain tokens that were unusable until the project took off, with no legal obligations for companies to deliver the project once funding was secured. New players like Polymath and CentrumCoin have emerged to help companies and retail investors participate in this changing ecosphere.Key Players In Crypto LegislationMaltaMalta is one of the more progressive countries with regards to crypto legislation. The Maltese government announced the Virtual Financial Assets Act (VFA) and the Innovative Technology Arrangement and Services Act (ITAS) which came into effect on November 1st, 2018. The ITAS will regulate “innovative technology arrangements and innovative technology services,” and certificates issued to approved technology providers. The VFA will regulate the issuance of ICOs in the country. The VFA stipulates that the issuer must publish a white paper that is clear and comprehensible, and signed by all members of the issuer’s Board of Administration.Malta does not recognise cryptocurrency as a legal tender, but it is defined as a “digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value.”SingaporeA key financial hub in Asia, Singapore, has taken an open approach to cryptocurrency, with the Monetary Authority of Singapore (MAS) even publishing a guideline to understanding how cryptocurrencies relate to the Securities and Futures Act and how the government regulates these activities. Cryptocurrency exchanges and trading are legal, and Bitcoins are considered as ‘goods’ and subject to Goods and Services Tax.JapanIn Japan, cryptocurrencies have been recognized as legal tender under the Payment Services Act since April 2018. It is also the biggest market for Bitcoin, and the National Tax Agency has now ruled that gains on cryptocurrencies are taxed as ‘miscellaneous income’ at rates of 15 to 55%. Crypto exchanges are legal in Japan, but have since been regulated through registration with the Financial Services Agency. Future compliance will fall under the legislation of the Japanese Virtual Currency Exchange Association.RussiaMeanwhile, Russia’s bill to regulate the activities of electronic platforms and marketplace has been submitted since the end of December 2018 and is expected to be adopted by February 15, 2019, to launch a pilot project between 20 licensed credit institutions and the Moscow Stock Exchange.However, Alexander Konovalov, Russia’s Minister of Justice also recently said that legislation on cryptocurrencies will not be formalised anytime soon. Konovalov also reiterated that the official currency of Russia is the Ruble, implying that the introduction of other currencies such as crypto is against the Russian constitution. The government has already postponed the passing of three draft crypto bills in 2018, leading to confusion of the status of crypto legislation in the country.Using Crypto in a Fiat WorldFor countries that have embraced cryptocurrency, getting people to use it for day-to-day purchases is another story.Malta reportedly has a two-way Bitcoin ATM, run by company MoonZebra, which helps users to buy and sell cryptocurrencies — like Bitcoin — instantly with cash. Retail Point of Sale (POS) software by Recruit Lifestyle and Coincheck has been rolled out to 260,000 retail stores in Japan to accept Bitcoin as a form of payment. This software allows customers to simply scan a code on the Mobile Payment app to make a transaction using cryptocurrency. In Singapore, customers can now use the Crypto.com’s MCO Visa card to withdraw cash, tap and pay with cryptocurrency and do interbank transfers with cheap rates. The Visa card can be recharged with major cryptocurrencies like Bitcoin and Etherum.While these new crypto developments seem to be encouraging for the industry, governments like Russia are still standing on the sidelines with a wait-and-see approach towards legislation. Alternatively, by having a clearly defined stance on the issue, governments can start to tame this ‘Wild crypto West’ and bring more credibility to cryptocurrencies.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crypto Trends and Tendencies: New legislation around the world was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 05

Crypto Trends and Tendencie...

By Sherise TanThe 2019 year is shaping up to be the year of crypto legislation. In July 2018, Malta became the first country in the world to set up regulatory frameworks for blockchain, cryptocurrency, and Distributed Ledger Technology (DLT). Soon after, countries like Russia and India also started the ball rolling, implementing national legislation for cryptocurrency regulation. Let us take a look at the new trends and tendencies in crypto legislation expected to be seen throughout 2019.Current Trends in Crypto Legislation in 2019One of the main drivers of formal crypto legislation is the crackdown on money laundering and financing of terrorism using cryptocurrency. In October 2018, the G20 countries signed a declaration to regulate cryptocurrencies and combat against the financing of terrorism in line with the Paris-based Financial Action Task Force (FATF) by June 2019.The ability to use cryptocurrency to make transactions globally has made it a useful tool for criminals and terrorists, thus leading to the rise of anti-money laundering (AML) and combating the financing of terrorism (CFT) laws.The same G20 meeting also led to these countries making progress towards an international cryptocurrency tax. However, this is yet to be confirmed, as the declaration talks about “the impacts of the digitalisation of the economy on the international tax system,” but does not mention cryptocurrency specifically or provide a particular course of action. Key leaders in the crypto industry are still concerned about this, with speculation that a crypto tax could still occur on a national level.There has also been a clampdown on Initial Coin Offerings (ICOs). For example, the European Parliament’s Committee on Economic and Monetary Affairs published a paper that would impose new laws against ICOs, and U.S. Representative, Warren Davidson of Ohio unveiled a plan to send a bill before Congress that would create a separate asset class for tokens issued under ICOs. While ICOs have been used to crowdfund money for crypto projects, there has been no regulation effort between countries, which has made investors susceptible to scams and frauds.Instead, there has been a greater move towards Securities Token Offerings (STOs), where investor tokens are part of an actual electronic stake in the business or project. Security tokens give holders a form of equity or ownership of a specific asset, and which are regulated similarly to that of traditional financial instruments. Previously in ICOs, investors would obtain tokens that were unusable until the project took off, with no legal obligations for companies to deliver the project once funding was secured. New players like Polymath and CentrumCoin have emerged to help companies and retail investors participate in this changing ecosphere.Key Players In Crypto LegislationMaltaMalta is one of the more progressive countries with regards to crypto legislation. The Maltese government announced the Virtual Financial Assets Act (VFA) and the Innovative Technology Arrangement and Services Act (ITAS) which came into effect on November 1st, 2018. The ITAS will regulate “innovative technology arrangements and innovative technology services,” and certificates issued to approved technology providers. The VFA will regulate the issuance of ICOs in the country. The VFA stipulates that the issuer must publish a white paper that is clear and comprehensible, and signed by all members of the issuer’s Board of Administration.Malta does not recognise cryptocurrency as a legal tender, but it is defined as a “digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value.”SingaporeA key financial hub in Asia, Singapore, has taken an open approach to cryptocurrency, with the Monetary Authority of Singapore (MAS) even publishing a guideline to understanding how cryptocurrencies relate to the Securities and Futures Act and how the government regulates these activities. Cryptocurrency exchanges and trading are legal, and Bitcoins are considered as ‘goods’ and subject to Goods and Services Tax.JapanIn Japan, cryptocurrencies have been recognized as legal tender under the Payment Services Act since April 2018. It is also the biggest market for Bitcoin, and the National Tax Agency has now ruled that gains on cryptocurrencies are taxed as ‘miscellaneous income’ at rates of 15 to 55%. Crypto exchanges are legal in Japan, but have since been regulated through registration with the Financial Services Agency. Future compliance will fall under the legislation of the Japanese Virtual Currency Exchange Association.RussiaMeanwhile, Russia’s bill to regulate the activities of electronic platforms and marketplace has been submitted since the end of December 2018 and is expected to be adopted by February 15, 2019, to launch a pilot project between 20 licensed credit institutions and the Moscow Stock Exchange.However, Alexander Konovalov, Russia’s Minister of Justice also recently said that legislation on cryptocurrencies will not be formalised anytime soon. Konovalov also reiterated that the official currency of Russia is the Ruble, implying that the introduction of other currencies such as crypto is against the Russian constitution. The government has already postponed the passing of three draft crypto bills in 2018, leading to confusion of the status of crypto legislation in the country.Using Crypto in a Fiat WorldFor countries that have embraced cryptocurrency, getting people to use it for day-to-day purchases is another story.Malta reportedly has a two-way Bitcoin ATM, run by company MoonZebra, which helps users to buy and sell cryptocurrencies — like Bitcoin — instantly with cash. Retail Point of Sale (POS) software by Recruit Lifestyle and Coincheck has been rolled out to 260,000 retail stores in Japan to accept Bitcoin as a form of payment. This software allows customers to simply scan a code on the Mobile Payment app to make a transaction using cryptocurrency. In Singapore, customers can now use the Crypto.com’s MCO Visa card to withdraw cash, tap and pay with cryptocurrency and do interbank transfers with cheap rates. The Visa card can be recharged with major cryptocurrencies like Bitcoin and Etherum.While these new crypto developments seem to be encouraging for the industry, governments like Russia are still standing on the sidelines with a wait-and-see approach towards legislation. Alternatively, by having a clearly defined stance on the issue, governments can start to tame this ‘Wild crypto West’ and bring more credibility to cryptocurrencies.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crypto Trends and Tendencies: New legislation around the world was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 03. 05

Crowdfundings and ICOs of M...

Mid-2017 saw a large number and a wide variety of crypto projects launched that ran the gamut from technology to investment products, through to media and markets offerings.The Revain Platform, a blockchain-based review forum for any type of product or service, also debuted at this time, focusing initially on the crypto-market. In addition to reviewing Revain’s upward trajectory, we’ll also delve into a few of the key players in the crypto-market’s boom of mid-2017 and see where they are now.And We’re OffIt was an incredible year for the growth of crowdfunding in 2017. Although there is some variation between reports, the final amount of funds raised by crowdfunding in 2017 was estimated to be between a fiat equivalent of $4 billion USD and $5.6 billion USD.The year saw the largest growth of crowdfunding with initial offerings of over 50 companies a month. A substantial number of crowdfunding startups — specifically 876 — posted in 2017 along with the largest amounts of money ever raised through crowdfunding. Previously estimated totals were updated to reflect a new total of a record $6.2 billion USD. Despite this boom, by the close of 2017 there were definite winners and losers in the crowdfunding arena.Leaders of The PackMid-2017 saw the emergence of some of the most successful crowdfunding ventures that are currently industry leaders. Each of these crypto projects has brought something new and valuable to the market, or innovated and improved existing models.Let’s now take a look at these leaders in more depth:EOSLaunched in July 2017, EOS charged into the crypto arena as a blockchain operating infrastructure for decentralised applications. It touted improved scalability by allowing for apps to be built and tested in a public environment. Competing with Ethereum, numerous transactions per second could be made, increasing the efficiency of Blockchain projects.A billion minted EOS were released at each stage as fixed-number tokens during their crowdsale which continued through to the middle of 2018. EOS’s capacity quickly exceeded all other blockchains, achieving a top spot on the performance charts. The project subsequently raised $700 million USD during its crowdfunding.In the aftermath of its crowdsale, as reported by cryptocurrency news source Coinspeaker, “EOS has posted the healthiest performance in the top 20 cryptos surging over 25% in one month.” It continues to develop its products. The first stablecoin, CarbonUSD, was added to the EOS ecosystem in September 2018, and Circle listed EOS on its investment platform. Technologically, EOS has surpassed Ethereum and Bitcoin because of its high-growth pace compared to other cryptocurrencies.The total market cap of all EOS-based tokens is now $6.18 Billion USD. The recent high performance from EOS’s top 10 tokens represent 12.6% of the EOS’s total market cap, giving EOS a 5th place ranking on the CMC’s (CoinMarketCap) top 100 cryptocurrencies.BancorThe Bancor network was initiated in June 2017, providing users with the ability to create liquid smart tokens and convert them into other tokens by calculating their own prices. The project aims to remove exchanges, which typically charge excessive fees and can be hacked. BancorX currently supports Ethereum ERC20 tokens and makes cross-blockchain transfers with its own BNT token. In partnership with LiquidEOS, it also built a cross-blockchain DApp — Bancor’s EOS “Block Producer” (BP), the counterpart of a miner on the Bitcoin (BTC) network.Bancor also launched BancorX on EOS which offers fast and exchange-free trading between Ethereum and EOS-based tokens. The partnership with EOS was completed in November 2018.Other product developments will, according to Bancor Co-Founder Guy Benartzi, include a “major crime-fighting initiative described as a coalition of crypto defenders.” This will result in Bancor’s internal tools used to track hacked funds being made available to a wider audience.Bancor’s project raised $152.3 million USD in crowdsale with an uncapped ICO at its inception. It currently ranks 95th on the CMC’s top 100 cryptocurrencies.StatusLaunched in June 2017, Status, a mobile Ethereum OS, changes your smartphone or mobile device into a light node on the Ethereum network. With the application, users are able to send and receive encrypted messages, as well as smart contracts and payments with a Status-SNT token. They can also interact with decentralised applications and chatbots and store crypto-assets with the built-in Status wallet.Further product development for Status will involve establishing a Status DApp directory which will offer users a network to find their most practical DApps.Although Status had technical difficulties getting started, the project managed to raise $108 million USD in 2017. It currently ranks 60th on CMC’s top 100 cryptocurrencies.In the DustCrowdfundings had a 46% failure rate in 2017 with Bitcoin.com reporting that another 113 projects were classified as “semi-failed” due to vanishing teams and dwindling communities. Further, there were many projects that never produced a product or had any intention to produce one at all. Founders merely retreated with the raised funds or, “slowly faded into obscurity.” All included, the failure rate of 2017 crowdfundings jumps to 59%. Here are a few of those legends:EnigmaEnigma launched in September 2017, boasting new encryption and security techniques, only to be hacked just before its crowdsale went live. Using the system’s mailing list, website, and Slack channel, hackers contacted potential investors about a “pre-ICO sale” and made off with approximately $500,000 worth of ETH (ether coins).Enigma is a decentralised data marketplace which ironically aims to become a central source for standardised, reliable, and high-quality crypto data for various crypto assets. Despite its scandalous beginnings and because of its huge market potential and promising pre-ICO buzz, Enigma raised $45 million USD in its crowdsale in 2017. It peaked in January 2018 but then suffered a steady downtrend during the January-February crash just weeks later. In March of 2018 it ranked 88th on CoinMarketCap but is no longer in the top 100 cryptocurrencies.AhooleeAhoolee, a Russian project launched in August 2017 was built with the goal of facilitating e-commerce. It sought to compensate for the deficiencies in traditional search engines and aimed to improve online marketplaces like eBay, Amazon, and Google Shopping. Ahoolee would be the world’s first search engine using a decentralised platform for collecting and indexing information from open sources with confirmation of authenticity based on the blockchain technology.Regrettably, the project failed spectacularly by being unable to collect a soft cap, and all means funding was returned to investors. The Ahoolee team, however, is still intent on developing the project further.DroplexDroplex, launched in August 2017 with a white paper that was later proved to be a carbon copy of QRL’s white paper. QRL is a decentralised communication platform. Though the scam attempt was promptly caught by investors, the fraudsters were still able to make off with roughly $25,000 USD.Revain’s Upward TrajectoryLaunched in August 2017, Revain a product review platform providing blockchain-trustworthy reviews of crowdfunding projects, arrived with v1.1.of The Revain Platform.Initially, Revain had a prominent interest in the crypto-market: specifically, cryptocurrency, exchanges, coins, and ICOs. Reviewers were awarded a native RVN token that can be swapped for R tokens, which can then be traded on exchanges.After its inception, Revain subsequently created a full-fledged version of The Platform and expanded to cover the entire ICO ecosystem-related infrastructure, which included projects, exchanges, and wallets. The Platform recently added a forum for reviewing Crypto Cards.Revain recently announced a major milestone of more than 2,000 additional crypto projects and exchanges listed on The Platform available for review. This makes Revain the only place on the Internet where the authentic experiences of other users, experts, and investors about almost any crypto entity is easily accessible.Moving forward, Revain continues to develop its product. While most of their content had been focused on the crypto-market, in 2019 The Platform will feature many more consumer-style goods expanding into e-commerce, gaming, and FMCG (fast-moving consumer goods).Revain is also considering how blockchain will affect consumer industries moving forward. Their product and dev team is continually developing more advanced algorithms and models of machine learning to ensure high-quality reviews. The Platform is also working on the possibility of implementing a reference-based service.Revain raised over $9 million USD in its September 2017 crowdsale and is currently ranked 57th on the CMC top 100 cryptocurrencies.Like any other startup venture, crowdfunding has its champions and those that were defeated. In an unprecedented race of crowdfundings in mid-2017, Revain has held steady and with the current market’s demand for blockchain reviews, its Platform is gearing up for an exciting run.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crowdfundings and ICOs of Mid-2017 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 26

Crowdfundings and ICOs of M...

Mid-2017 saw a large number and a wide variety of crypto projects launched that ran the gamut from technology to investment products, through to media and markets offerings.The Revain Platform, a blockchain-based review forum for any type of product or service, also debuted at this time, focusing initially on the crypto-market. In addition to reviewing Revain’s upward trajectory, we’ll also delve into a few of the key players in the crypto-market’s boom of mid-2017 and see where they are now.And We’re OffIt was an incredible year for the growth of crowdfunding in 2017. Although there is some variation between reports, the final amount of funds raised by crowdfunding in 2017 was estimated to be between a fiat equivalent of $4 billion USD and $5.6 billion USD.The year saw the largest growth of crowdfunding with initial offerings of over 50 companies a month. A substantial number of crowdfunding startups — specifically 876 — posted in 2017 along with the largest amounts of money ever raised through crowdfunding. Previously estimated totals were updated to reflect a new total of a record $6.2 billion USD. Despite this boom, by the close of 2017 there were definite winners and losers in the crowdfunding arena.Leaders of The PackMid-2017 saw the emergence of some of the most successful crowdfunding ventures that are currently industry leaders. Each of these crypto projects has brought something new and valuable to the market, or innovated and improved existing models.Let’s now take a look at these leaders in more depth:EOSLaunched in July 2017, EOS charged into the crypto arena as a blockchain operating infrastructure for decentralised applications. It touted improved scalability by allowing for apps to be built and tested in a public environment. Competing with Ethereum, numerous transactions per second could be made, increasing the efficiency of Blockchain projects.A billion minted EOS were released at each stage as fixed-number tokens during their crowdsale which continued through to the middle of 2018. EOS’s capacity quickly exceeded all other blockchains, achieving a top spot on the performance charts. The project subsequently raised $700 million USD during its crowdfunding.In the aftermath of its crowdsale, as reported by cryptocurrency news source Coinspeaker, “EOS has posted the healthiest performance in the top 20 cryptos surging over 25% in one month.” It continues to develop its products. The first stablecoin, CarbonUSD, was added to the EOS ecosystem in September 2018, and Circle listed EOS on its investment platform. Technologically, EOS has surpassed Ethereum and Bitcoin because of its high-growth pace compared to other cryptocurrencies.The total market cap of all EOS-based tokens is now $6.18 Billion USD. The recent high performance from EOS’s top 10 tokens represent 12.6% of the EOS’s total market cap, giving EOS a 5th place ranking on the CMC’s (CoinMarketCap) top 100 cryptocurrencies.BancorThe Bancor network was initiated in June 2017, providing users with the ability to create liquid smart tokens and convert them into other tokens by calculating their own prices. The project aims to remove exchanges, which typically charge excessive fees and can be hacked. BancorX currently supports Ethereum ERC20 tokens and makes cross-blockchain transfers with its own BNT token. In partnership with LiquidEOS, it also built a cross-blockchain DApp — Bancor’s EOS “Block Producer” (BP), the counterpart of a miner on the Bitcoin (BTC) network.Bancor also launched BancorX on EOS which offers fast and exchange-free trading between Ethereum and EOS-based tokens. The partnership with EOS was completed in November 2018.Other product developments will, according to Bancor Co-Founder Guy Benartzi, include a “major crime-fighting initiative described as a coalition of crypto defenders.” This will result in Bancor’s internal tools used to track hacked funds being made available to a wider audience.Bancor’s project raised $152.3 million USD in crowdsale with an uncapped ICO at its inception. It currently ranks 95th on the CMC’s top 100 cryptocurrencies.StatusLaunched in June 2017, Status, a mobile Ethereum OS, changes your smartphone or mobile device into a light node on the Ethereum network. With the application, users are able to send and receive encrypted messages, as well as smart contracts and payments with a Status-SNT token. They can also interact with decentralised applications and chatbots and store crypto-assets with the built-in Status wallet.Further product development for Status will involve establishing a Status DApp directory which will offer users a network to find their most practical DApps.Although Status had technical difficulties getting started, the project managed to raise $108 million USD in 2017. It currently ranks 60th on CMC’s top 100 cryptocurrencies.In the DustCrowdfundings had a 46% failure rate in 2017 with Bitcoin.com reporting that another 113 projects were classified as “semi-failed” due to vanishing teams and dwindling communities. Further, there were many projects that never produced a product or had any intention to produce one at all. Founders merely retreated with the raised funds or, “slowly faded into obscurity.” All included, the failure rate of 2017 crowdfundings jumps to 59%. Here are a few of those legends:EnigmaEnigma launched in September 2017, boasting new encryption and security techniques, only to be hacked just before its crowdsale went live. Using the system’s mailing list, website, and Slack channel, hackers contacted potential investors about a “pre-ICO sale” and made off with approximately $500,000 worth of ETH (ether coins).Enigma is a decentralised data marketplace which ironically aims to become a central source for standardised, reliable, and high-quality crypto data for various crypto assets. Despite its scandalous beginnings and because of its huge market potential and promising pre-ICO buzz, Enigma raised $45 million USD in its crowdsale in 2017. It peaked in January 2018 but then suffered a steady downtrend during the January-February crash just weeks later. In March of 2018 it ranked 88th on CoinMarketCap but is no longer in the top 100 cryptocurrencies.AhooleeAhoolee, a Russian project launched in August 2017 was built with the goal of facilitating e-commerce. It sought to compensate for the deficiencies in traditional search engines and aimed to improve online marketplaces like eBay, Amazon, and Google Shopping. Ahoolee would be the world’s first search engine using a decentralised platform for collecting and indexing information from open sources with confirmation of authenticity based on the blockchain technology.Regrettably, the project failed spectacularly by being unable to collect a soft cap, and all means funding was returned to investors. The Ahoolee team, however, is still intent on developing the project further.DroplexDroplex, launched in August 2017 with a white paper that was later proved to be a carbon copy of QRL’s white paper. QRL is a decentralised communication platform. Though the scam attempt was promptly caught by investors, the fraudsters were still able to make off with roughly $25,000 USD.Revain’s Upward TrajectoryLaunched in August 2017, Revain a product review platform providing blockchain-trustworthy reviews of crowdfunding projects, arrived with v1.1.of The Revain Platform.Initially, Revain had a prominent interest in the crypto-market: specifically, cryptocurrency, exchanges, coins, and ICOs. Reviewers were awarded a native RVN token that can be swapped for R tokens, which can then be traded on exchanges.After its inception, Revain subsequently created a full-fledged version of The Platform and expanded to cover the entire ICO ecosystem-related infrastructure, which included projects, exchanges, and wallets. The Platform recently added a forum for reviewing Crypto Cards.Revain recently announced a major milestone of more than 2,000 additional crypto projects and exchanges listed on The Platform available for review. This makes Revain the only place on the Internet where the authentic experiences of other users, experts, and investors about almost any crypto entity is easily accessible.Moving forward, Revain continues to develop its product. While most of their content had been focused on the crypto-market, in 2019 The Platform will feature many more consumer-style goods expanding into e-commerce, gaming, and FMCG (fast-moving consumer goods).Revain is also considering how blockchain will affect consumer industries moving forward. Their product and dev team is continually developing more advanced algorithms and models of machine learning to ensure high-quality reviews. The Platform is also working on the possibility of implementing a reference-based service.Revain raised over $9 million USD in its September 2017 crowdsale and is currently ranked 57th on the CMC top 100 cryptocurrencies.Like any other startup venture, crowdfunding has its champions and those that were defeated. In an unprecedented race of crowdfundings in mid-2017, Revain has held steady and with the current market’s demand for blockchain reviews, its Platform is gearing up for an exciting run.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crowdfundings and ICOs of Mid-2017 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 26

Crowdfundings and ICOs of M...

Mid-2017 saw a large number and a wide variety of crypto projects launched that ran the gamut from technology to investment products, through to media and markets offerings.The Revain Platform, a blockchain-based review forum for any type of product or service, also debuted at this time, focusing initially on the crypto-market. In addition to reviewing Revain’s upward trajectory, we’ll also delve into a few of the key players in the crypto-market’s boom of mid-2017 and see where they are now.And We’re OffIt was an incredible year for the growth of crowdfunding in 2017. Although there is some variation between reports, the final amount of funds raised by crowdfunding in 2017 was estimated to be between a fiat equivalent of $4 billion USD and $5.6 billion USD.The year saw the largest growth of crowdfunding with initial offerings of over 50 companies a month. A substantial number of crowdfunding startups — specifically 876 — posted in 2017 along with the largest amounts of money ever raised through crowdfunding. Previously estimated totals were updated to reflect a new total of a record $6.2 billion USD. Despite this boom, by the close of 2017 there were definite winners and losers in the crowdfunding arena.Leaders of The PackMid-2017 saw the emergence of some of the most successful crowdfunding ventures that are currently industry leaders. Each of these crypto projects has brought something new and valuable to the market, or innovated and improved existing models.Let’s now take a look at these leaders in more depth:EOSLaunched in July 2017, EOS charged into the crypto arena as a blockchain operating infrastructure for decentralised applications. It touted improved scalability by allowing for apps to be built and tested in a public environment. Competing with Ethereum, numerous transactions per second could be made, increasing the efficiency of Blockchain projects.A billion minted EOS were released at each stage as fixed-number tokens during their crowdsale which continued through to the middle of 2018. EOS’s capacity quickly exceeded all other blockchains, achieving a top spot on the performance charts. The project subsequently raised $700 million USD during its crowdfunding.In the aftermath of its crowdsale, as reported by cryptocurrency news source Coinspeaker, “EOS has posted the healthiest performance in the top 20 cryptos surging over 25% in one month.” It continues to develop its products. The first stablecoin, CarbonUSD, was added to the EOS ecosystem in September 2018, and Circle listed EOS on its investment platform. Technologically, EOS has surpassed Ethereum and Bitcoin because of its high-growth pace compared to other cryptocurrencies.The total market cap of all EOS-based tokens is now $6.18 Billion USD. The recent high performance from EOS’s top 10 tokens represent 12.6% of the EOS’s total market cap, giving EOS a 5th place ranking on the CMC’s (CoinMarketCap) top 100 cryptocurrencies.BancorThe Bancor network was initiated in June 2017, providing users with the ability to create liquid smart tokens and convert them into other tokens by calculating their own prices. The project aims to remove exchanges, which typically charge excessive fees and can be hacked. BancorX currently supports Ethereum ERC20 tokens and makes cross-blockchain transfers with its own BNT token. In partnership with LiquidEOS, it also built a cross-blockchain DApp — Bancor’s EOS “Block Producer” (BP), the counterpart of a miner on the Bitcoin (BTC) network.Bancor also launched BancorX on EOS which offers fast and exchange-free trading between Ethereum and EOS-based tokens. The partnership with EOS was completed in November 2018.Other product developments will, according to Bancor Co-Founder Guy Benartzi, include a “major crime-fighting initiative described as a coalition of crypto defenders.” This will result in Bancor’s internal tools used to track hacked funds being made available to a wider audience.Bancor’s project raised $152.3 million USD in crowdsale with an uncapped ICO at its inception. It currently ranks 95th on the CMC’s top 100 cryptocurrencies.StatusLaunched in June 2017, Status, a mobile Ethereum OS, changes your smartphone or mobile device into a light node on the Ethereum network. With the application, users are able to send and receive encrypted messages, as well as smart contracts and payments with a Status-SNT token. They can also interact with decentralised applications and chatbots and store crypto-assets with the built-in Status wallet.Further product development for Status will involve establishing a Status DApp directory which will offer users a network to find their most practical DApps.Although Status had technical difficulties getting started, the project managed to raise $108 million USD in 2017. It currently ranks 60th on CMC’s top 100 cryptocurrencies.In the DustCrowdfundings had a 46% failure rate in 2017 with Bitcoin.com reporting that another 113 projects were classified as “semi-failed” due to vanishing teams and dwindling communities. Further, there were many projects that never produced a product or had any intention to produce one at all. Founders merely retreated with the raised funds or, “slowly faded into obscurity.” All included, the failure rate of 2017 crowdfundings jumps to 59%. Here are a few of those legends:EnigmaEnigma launched in September 2017, boasting new encryption and security techniques, only to be hacked just before its crowdsale went live. Using the system’s mailing list, website, and Slack channel, hackers contacted potential investors about a “pre-ICO sale” and made off with approximately $500,000 worth of ETH (ether coins).Enigma is a decentralised data marketplace which ironically aims to become a central source for standardised, reliable, and high-quality crypto data for various crypto assets. Despite its scandalous beginnings and because of its huge market potential and promising pre-ICO buzz, Enigma raised $45 million USD in its crowdsale in 2017. It peaked in January 2018 but then suffered a steady downtrend during the January-February crash just weeks later. In March of 2018 it ranked 88th on CoinMarketCap but is no longer in the top 100 cryptocurrencies.AhooleeAhoolee, a Russian project launched in August 2017 was built with the goal of facilitating e-commerce. It sought to compensate for the deficiencies in traditional search engines and aimed to improve online marketplaces like eBay, Amazon, and Google Shopping. Ahoolee would be the world’s first search engine using a decentralised platform for collecting and indexing information from open sources with confirmation of authenticity based on the blockchain technology.Regrettably, the project failed spectacularly by being unable to collect a soft cap, and all means funding was returned to investors. The Ahoolee team, however, is still intent on developing the project further.DroplexDroplex, launched in August 2017 with a white paper that was later proved to be a carbon copy of QRL’s white paper. QRL is a decentralised communication platform. Though the scam attempt was promptly caught by investors, the fraudsters were still able to make off with roughly $25,000 USD.Revain’s Upward TrajectoryLaunched in August 2017, Revain a product review platform providing blockchain-trustworthy reviews of crowdfunding projects, arrived with v1.1.of The Revain Platform.Initially, Revain had a prominent interest in the crypto-market: specifically, cryptocurrency, exchanges, coins, and ICOs. Reviewers were awarded a native RVN token that can be swapped for R tokens, which can then be traded on exchanges.After its inception, Revain subsequently created a full-fledged version of The Platform and expanded to cover the entire ICO ecosystem-related infrastructure, which included projects, exchanges, and wallets. The Platform recently added a forum for reviewing Crypto Cards.Revain recently announced a major milestone of more than 2,000 additional crypto projects and exchanges listed on The Platform available for review. This makes Revain the only place on the Internet where the authentic experiences of other users, experts, and investors about almost any crypto entity is easily accessible.Moving forward, Revain continues to develop its product. While most of their content had been focused on the crypto-market, in 2019 The Platform will feature many more consumer-style goods expanding into e-commerce, gaming, and FMCG (fast-moving consumer goods).Revain is also considering how blockchain will affect consumer industries moving forward. Their product and dev team is continually developing more advanced algorithms and models of machine learning to ensure high-quality reviews. The Platform is also working on the possibility of implementing a reference-based service.Revain raised over $9 million USD in its September 2017 crowdsale and is currently ranked 57th on the CMC top 100 cryptocurrencies.Like any other startup venture, crowdfunding has its champions and those that were defeated. In an unprecedented race of crowdfundings in mid-2017, Revain has held steady and with the current market’s demand for blockchain reviews, its Platform is gearing up for an exciting run.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crowdfundings and ICOs of Mid-2017 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 26

Revain’s Crypto Card Review...

By Sherise TanResponding to the demands of its community, the Revain Platform now features crypto cards in addition to its crypto projects (altcoin-backed businesses), exchanges, and wallets. Crypto cards are gaining popularity among the users as a logical next step in the evolution of currency and e-payments methods.Crypto cards have started to become mainstream as evidenced from DJ Khaled’s post on Instagram about his Titantium Centra card, and cards like WireX and LibertyX being granted e-licenses by government authorities.Even with the recent call for a bank run by the Yellow Vests movement in France, cryptocurrency has been seen as an alternative for the masses when it comes to electronic transactions and storing money. Popular American broadcaster, Max Keiser even advised the French to withdraw their money and put it onto a crypto debit card so that they would still have access to their money if banks were to collapse.What is a Crypto Card?A crypto card is essentially a debit or credit card that allows users to pay for transactions with cryptocurrency; several also have the option of paying with fiat currency. Some crypto cards have initial payment fees, ATM withdrawal fees, monthly bank fees, and overall percentage fees for their usage. Depending on the type of crypto card, they often also have a daily and monthly limit for withdrawal.Benefits of Crypto CardsOne can see why crypto cards have become so popular. The use of crypto cards provides convenience as a way to exchange and pay for items with cryptocurrency. Having a physical credit or debit card makes the transfer of cryptocurrency more accessible as it is used like a regular bank card.The applications of a crypto card are endless. For example, Pundi X is an end-to-end solution that allows customers to buy and sell items through a contactless card and retail point of sale (POS) system, as well as a mobile app and wallet. This allows users to not only buy and sell cryptocurrencies, but basically any items via the retail POS hardware.LibertyX, a cryptocurrency ATM vending machine company, has also tied up with regular-ATM manufacturer Genmega to offer the ability to buy cryptocurrency from their ATMs. With Genmega’s coverage, that could extend to over 100,000 ATM machines across the United States.However, as with all things crypto, it pays to take precautions when it comes to new projects and companies that turn out to be scams or fraudulent. For example, TenX raised $80 million USD in its crowdfunding to launch bitcoin-linked debit cards only to be implicated in a pyramid scheme and has yet to fulfil its ICO promise. Likewise, DJ Khaled’s Instagram post was removed after the United States Department of Justice charged Centra with securities fraud.How to Review Crypto Cards on the Revain PlatformIndeed, this is where the Revain Platform comes into play. By utilizing our blockchain-based review site, users can research and find practical, high-quality reviews about preferred crypto cards in the market.The Platform now features 47 different crypto cards, like Coinsbank, Monaco, and Wirex to name a few. It contains basic information about all the crypto cards and allows users to view and compare cards for features like:instant top-upscard currencyATM feesbank feesinitial costsmonthly feesoverall feesdaily limitsmonthly limitsRevain’s custom algorithm ranks the crypto cards based on their security, anonymity, and customer-service backing. By providing high-quality reviews, you can inform other users with your knowledge and insight and help your favourite crypto cards obtain a higher ranking while earning RVN tokens as a reward for your efforts. A large number of high-quality reviews will help to move a crypto card up in the rankings.It’s easy to add a crypto card review. Users sign up as an Author with our free basic account and start writing reviews about any of the crypto cards. Just select the crypto card that you want to review and click on the “Add Review” button to start. You can score the crypto card on its security, anonymity and customer service, add additional comments on your experience as a cardholder, and give an overall score for the card.Your reviews should be at least 300 symbols long and contain clear and helpful insights. Write your own opinion. It doesn’t matter if it is positive, negative, or neutral. The only requirements are that they must be fully original and in the English language, only. They should not be similar to other reviews including your own.Companies can also join the platform with our premium subscription. They can then respond to authors and reward them for high-quality reviews while improving their reputation within the crypto community.Why Revain is The Trusted Authority for Choosing Crypto CardsRevain’s custom-built AI checks reviews and filters out the low-quality ones and rewards those with high-quality. With the development of more advanced algorithms and models of machine learning, The Platform aims to eliminate fake and spam reviews.Furthermore, once reviews are validated in the blockchain, they cannot be edited and altered, giving rise to personal, fair reviews from actual individuals. Users are also rewarded for their high-quality reviews with RVN tokens, encouraging more people to participate by writing constructive and honest reviews.On January 31st, 2019, The Platform reached a milestone — more than 2,000 crypto exchanges and projects were added. This made Revain the singular website where one can read authentic reviews of users, experts, and investors about crypto entities.By using the Revain Platform, you will be consulting the trusted authority for crypto cards before selecting one for your own. With access to over hundreds of authentic user reviews, you can be assured that the crypto card that you do finally choose will be one that has been authentically tried and tested.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Crypto Card Review Platform was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 18

Revain’s Crypto Card Review...

By Sherise TanResponding to the demands of its community, the Revain Platform now features crypto cards in addition to its crypto projects (altcoin-backed businesses), exchanges, and wallets. Crypto cards are gaining popularity among the users as a logical next step in the evolution of currency and e-payments methods.Crypto cards have started to become mainstream as evidenced from DJ Khaled’s post on Instagram about his Titantium Centra card, and cards like WireX and LibertyX being granted e-licenses by government authorities.Even with the recent call for a bank run by the Yellow Vests movement in France, cryptocurrency has been seen as an alternative for the masses when it comes to electronic transactions and storing money. Popular American broadcaster, Max Keiser even advised the French to withdraw their money and put it onto a crypto debit card so that they would still have access to their money if banks were to collapse.What is a Crypto Card?A crypto card is essentially a debit or credit card that allows users to pay for transactions with cryptocurrency; several also have the option of paying with fiat currency. Some crypto cards have initial payment fees, ATM withdrawal fees, monthly bank fees, and overall percentage fees for their usage. Depending on the type of crypto card, they often also have a daily and monthly limit for withdrawal.Benefits of Crypto CardsOne can see why crypto cards have become so popular. The use of crypto cards provides convenience as a way to exchange and pay for items with cryptocurrency. Having a physical credit or debit card makes the transfer of cryptocurrency more accessible as it is used like a regular bank card.The applications of a crypto card are endless. For example, Pundi X is an end-to-end solution that allows customers to buy and sell items through a contactless card and retail point of sale (POS) system, as well as a mobile app and wallet. This allows users to not only buy and sell cryptocurrencies, but basically any items via the retail POS hardware.LibertyX, a cryptocurrency ATM vending machine company, has also tied up with regular-ATM manufacturer Genmega to offer the ability to buy cryptocurrency from their ATMs. With Genmega’s coverage, that could extend to over 100,000 ATM machines across the United States.However, as with all things crypto, it pays to take precautions when it comes to new projects and companies that turn out to be scams or fraudulent. For example, TenX raised $80 million USD in its crowdfunding to launch bitcoin-linked debit cards only to be implicated in a pyramid scheme and has yet to fulfil its ICO promise. Likewise, DJ Khaled’s Instagram post was removed after the United States Department of Justice charged Centra with securities fraud.How to Review Crypto Cards on the Revain PlatformIndeed, this is where the Revain Platform comes into play. By utilizing our blockchain-based review site, users can research and find practical, high-quality reviews about preferred crypto cards in the market.The Platform now features 47 different crypto cards, like Coinsbank, Monaco, and Wirex to name a few. It contains basic information about all the crypto cards and allows users to view and compare cards for features like:instant top-upscard currencyATM feesbank feesinitial costsmonthly feesoverall feesdaily limitsmonthly limitsRevain’s custom algorithm ranks the crypto cards based on their security, anonymity, and customer-service backing. By providing high-quality reviews, you can inform other users with your knowledge and insight and help your favourite crypto cards obtain a higher ranking while earning RVN tokens as a reward for your efforts. A large number of high-quality reviews will help to move a crypto card up in the rankings.It’s easy to add a crypto card review. Users sign up as an Author with our free basic account and start writing reviews about any of the crypto cards. Just select the crypto card that you want to review and click on the “Add Review” button to start. You can score the crypto card on its security, anonymity and customer service, add additional comments on your experience as a cardholder, and give an overall score for the card.Your reviews should be at least 300 symbols long and contain clear and helpful insights. Write your own opinion. It doesn’t matter if it is positive, negative, or neutral. The only requirements are that they must be fully original and in the English language, only. They should not be similar to other reviews including your own.Companies can also join the platform with our premium subscription. They can then respond to authors and reward them for high-quality reviews while improving their reputation within the crypto community.Why Revain is The Trusted Authority for Choosing Crypto CardsRevain’s custom-built AI checks reviews and filters out the low-quality ones and rewards those with high-quality. With the development of more advanced algorithms and models of machine learning, The Platform aims to eliminate fake and spam reviews.Furthermore, once reviews are validated in the blockchain, they cannot be edited and altered, giving rise to personal, fair reviews from actual individuals. Users are also rewarded for their high-quality reviews with RVN tokens, encouraging more people to participate by writing constructive and honest reviews.On January 31st, 2019, The Platform reached a milestone — more than 2,000 crypto exchanges and projects were added. This made Revain the singular website where one can read authentic reviews of users, experts, and investors about crypto entities.By using the Revain Platform, you will be consulting the trusted authority for crypto cards before selecting one for your own. With access to over hundreds of authentic user reviews, you can be assured that the crypto card that you do finally choose will be one that has been authentically tried and tested.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Crypto Card Review Platform was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 18

Revain’s Crypto Card Review...

By Sherise TanResponding to the demands of its community, the Revain Platform now features crypto cards in addition to its crypto projects (altcoin-backed businesses), exchanges, and wallets. Crypto cards are gaining popularity among the users as a logical next step in the evolution of currency and e-payments methods.Crypto cards have started to become mainstream as evidenced from DJ Khaled’s post on Instagram about his Titantium Centra card, and cards like WireX and LibertyX being granted e-licenses by government authorities.Even with the recent call for a bank run by the Yellow Vests movement in France, cryptocurrency has been seen as an alternative for the masses when it comes to electronic transactions and storing money. Popular American broadcaster, Max Keiser even advised the French to withdraw their money and put it onto a crypto debit card so that they would still have access to their money if banks were to collapse.What is a Crypto Card?A crypto card is essentially a debit or credit card that allows users to pay for transactions with cryptocurrency; several also have the option of paying with fiat currency. Some crypto cards have initial payment fees, ATM withdrawal fees, monthly bank fees, and overall percentage fees for their usage. Depending on the type of crypto card, they often also have a daily and monthly limit for withdrawal.Benefits of Crypto CardsOne can see why crypto cards have become so popular. The use of crypto cards provides convenience as a way to exchange and pay for items with cryptocurrency. Having a physical credit or debit card makes the transfer of cryptocurrency more accessible as it is used like a regular bank card.The applications of a crypto card are endless. For example, Pundi X is an end-to-end solution that allows customers to buy and sell items through a contactless card and retail point of sale (POS) system, as well as a mobile app and wallet. This allows users to not only buy and sell cryptocurrencies, but basically any items via the retail POS hardware.LibertyX, a cryptocurrency ATM vending machine company, has also tied up with regular-ATM manufacturer Genmega to offer the ability to buy cryptocurrency from their ATMs. With Genmega’s coverage, that could extend to over 100,000 ATM machines across the United States.However, as with all things crypto, it pays to take precautions when it comes to new projects and companies that turn out to be scams or fraudulent. For example, TenX raised $80 million USD in its crowdfunding to launch bitcoin-linked debit cards only to be implicated in a pyramid scheme and has yet to fulfil its ICO promise. Likewise, DJ Khaled’s Instagram post was removed after the United States Department of Justice charged Centra with securities fraud.How to Review Crypto Cards on the Revain PlatformIndeed, this is where the Revain Platform comes into play. By utilizing our blockchain-based review site, users can research and find practical, high-quality reviews about preferred crypto cards in the market.The Platform now features 47 different crypto cards, like Coinsbank, Monaco, and Wirex to name a few. It contains basic information about all the crypto cards and allows users to view and compare cards for features like:instant top-upscard currencyATM feesbank feesinitial costsmonthly feesoverall feesdaily limitsmonthly limitsRevain’s custom algorithm ranks the crypto cards based on their security, anonymity, and customer-service backing. By providing high-quality reviews, you can inform other users with your knowledge and insight and help your favourite crypto cards obtain a higher ranking while earning RVN tokens as a reward for your efforts. A large number of high-quality reviews will help to move a crypto card up in the rankings.It’s easy to add a crypto card review. Users sign up as an Author with our free basic account and start writing reviews about any of the crypto cards. Just select the crypto card that you want to review and click on the “Add Review” button to start. You can score the crypto card on its security, anonymity and customer service, add additional comments on your experience as a cardholder, and give an overall score for the card.Your reviews should be at least 300 symbols long and contain clear and helpful insights. Write your own opinion. It doesn’t matter if it is positive, negative, or neutral. The only requirements are that they must be fully original and in the English language, only. They should not be similar to other reviews including your own.Companies can also join the platform with our premium subscription. They can then respond to authors and reward them for high-quality reviews while improving their reputation within the crypto community.Why Revain is The Trusted Authority for Choosing Crypto CardsRevain’s custom-built AI checks reviews and filters out the low-quality ones and rewards those with high-quality. With the development of more advanced algorithms and models of machine learning, The Platform aims to eliminate fake and spam reviews.Furthermore, once reviews are validated in the blockchain, they cannot be edited and altered, giving rise to personal, fair reviews from actual individuals. Users are also rewarded for their high-quality reviews with RVN tokens, encouraging more people to participate by writing constructive and honest reviews.On January 31st, 2019, The Platform reached a milestone — more than 2,000 crypto exchanges and projects were added. This made Revain the singular website where one can read authentic reviews of users, experts, and investors about crypto entities.By using the Revain Platform, you will be consulting the trusted authority for crypto cards before selecting one for your own. With access to over hundreds of authentic user reviews, you can be assured that the crypto card that you do finally choose will be one that has been authentically tried and tested.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Crypto Card Review Platform was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 18

How Feedback is Organised o...

In this consumer-driven, online era, feedback can be a valuable resource — or a manipulated commodity. Revain’s platform provides a place for authentic reviews of crowdfunding crypto ventures.Using its unique blockchain technology and token incentives, Revain is developing a forum that businesses and users within the crypto community can trust. That forum is also easily understood and user-friendly to navigate.Users can access general categories of projects, exchanges or wallets, or search for a specific product. Users can also browse Revain’s compilation of “Most Valuable” reviews or most recently posted.How Feedback is Organised on a PlatformFirst, any platform has to get the feedback from its reviewers. Many feedback sites publish material immediately, and work backwards to determine quality of content. Yelp recommends what it considers high-quality reviews, but doesn’t necessarily remove lower-quality reviews. Amazon similarly offers users an authentication stamp of “Amazon Verified Purchase.” The sales site also solicits for quality feedback through its Early Reviewer and Vine Programs.This doesn’t mean Amazon immediately pulls less-qualified reviews. It clearly states a policy of “anti-manipulation” and harsh punishment for users who violate the policy. Many of Amazon’s investigations begin with users informing them of suspicious reviews that have been posted.Revain, however, uses an artificial intelligence algorithm to evaluate its reviews before they are published. The algorithm analyzes the tone of the reviews and categorises the feedback as spam, positive, or negative. Spam reviews are discarded before they are entered into the blockchain, and never make it onto the site itself.Blockchain is akin to a digital ledger for transactions, which can store records, exchange assets or execute contracts. Each transaction is cryptographically validated, permanently recorded, and replicated across a computer network. Once the review enters the blockchain, it cannot be edited or altered by Revain, the reviewer, or the business under evaluation. This means that a published review is free of manipulation and worthy of trust.How Revain Organises ReviewsLike most feedback platforms, Revain’s reviews work on a five-star system. However, Revain’s reviewers give stars in three separate categories, which are then averaged into an overall star rating. Whatever the product or service, each reviewer notes pros and cons of the system, and then gives a final summary of their opinion. When users find a review helpful, they can click on a sharable link to bring fellow crypto-holders to the spot.Revain endeavors to give its users information in bite-size chunks, unlike sites such as 99Bitcoins, which features in-depth but much longer reviews. Yelp also gives its readers bite-size chunks, but their reviewers put those chunks in general paragraphs instead of in three categories. TripAdvisor also offers reviews in paragraph form, but the length varies widely.Incorporating its blockchain technology, Revain users can actually click to see where and when the review was locked by the blockchain. The site has a chart that displays the review ID, action hash, and timestamp.Who is Giving the Feedback?All of the reviews can be viewed by product or reviewer. In each Revain reviewer’s profile, users can see the history of the reviewer, past usefulness of other reviews, and read through all product feedback by that person in one spot.When reviews are grouped together by product, Revain compiles all of the authenticated feedback to give average star ratings in the three separate categories and overall. Users can view either the “most valuable” reviews or the latest reviews related to that product.CryptoCompare also has pages specifically dedicated to each product, but their followers give one-line posts in an open forum. The reviews have to be searched for in a different tab.Getting an Overall LookThe final way to see a compilation of reviews on the Revain platform is by sections. Projects, exchanges, and wallets each have a ranked list users can access. The lists all give the average overall star rating and number of reviews, along with additional categories based on the product type. The default setting is by rank, but Revain allows users to sort the list by the other categories as well.Yelp also offers its readers a ranked list based on reviews, but the top two are always ad-sponsored spaces. In Revain, the rank is solely dependent on popularity and people’s impressions. A large amount of high-quality feedback will move a product higher in the overall ranking.Interested in a Project, Exchange or Wallet?Different arenas within the cryptocurrency world require different criteria of evaluation. When a project is reviewed, authors consider the factors of team, communication, and progress. The ranked list Revain compiles notes the rank and number of reviews for each project, and also shows its volume, price, and open source activity.Click on the volume or price, and you can see a graph of how that has changed hourly in the last day. CryptoCompare uses a similar style of list on their main page, but breaks down volume into total and direct. They use a seven-day chart as opposed to hourly, and show one number for the 24-hour change instead of a time graph (to get to a time breakdown, you have to visit the project’s specific page).Exchanges in Revain are evaluated on the categories of support, withdrawal, and registration process. The ranked list not only displays an exchange’s rank and number of reviews, but also its launch date, total volume by Bitcoin or United States dollar, and trading pairs.When reading reviews about specific wallets, users can see star ratings about security, anonymity, and ease of use. In the ranked list of all of the wallets, reviews and ratings are joined by cryptocurrencies, type, device, eligible operating systems, and whether or not extra services are offered.Influence Upcoming LayoutsRevain is still developing its platform, and wants users to be directly involved in the process. The projects, exchanges, and crypto wallets have been available for user participation for several months, and Revain added Crypto Cards to the line up in January. Revain is asking users to vote for the next section that they would like unveiled.Options include mining pools, crypto casinos, and crypto games. Users can add their own category onto the voting ballot as well. The most popular section will be added onto the platform in the near future.So instead of slogging through a melee of online feedback for crypto crowdfunded ventures and trying to determine authenticity, Revain users can easily navigate to the information they need most. Users can influence what information will be featured in the future, and have confidence that what they are reading is uninfluenced by manipulation or hidden bias. Join the Revain revolution now.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|How Feedback is Organised on Revain Platform as Opposed to Other Feedback Sites was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 11

How Feedback is Organised o...

In this consumer-driven, online era, feedback can be a valuable resource — or a manipulated commodity. Revain’s platform provides a place for authentic reviews of crowdfunding crypto ventures.Using its unique blockchain technology and token incentives, Revain is developing a forum that businesses and users within the crypto community can trust. That forum is also easily understood and user-friendly to navigate.Users can access general categories of projects, exchanges or wallets, or search for a specific product. Users can also browse Revain’s compilation of “Most Valuable” reviews or most recently posted.How Feedback is Organised on a PlatformFirst, any platform has to get the feedback from its reviewers. Many feedback sites publish material immediately, and work backwards to determine quality of content. Yelp recommends what it considers high-quality reviews, but doesn’t necessarily remove lower-quality reviews. Amazon similarly offers users an authentication stamp of “Amazon Verified Purchase.” The sales site also solicits for quality feedback through its Early Reviewer and Vine Programs.This doesn’t mean Amazon immediately pulls less-qualified reviews. It clearly states a policy of “anti-manipulation” and harsh punishment for users who violate the policy. Many of Amazon’s investigations begin with users informing them of suspicious reviews that have been posted.Revain, however, uses an artificial intelligence algorithm to evaluate its reviews before they are published. The algorithm analyzes the tone of the reviews and categorises the feedback as spam, positive, or negative. Spam reviews are discarded before they are entered into the blockchain, and never make it onto the site itself.Blockchain is akin to a digital ledger for transactions, which can store records, exchange assets or execute contracts. Each transaction is cryptographically validated, permanently recorded, and replicated across a computer network. Once the review enters the blockchain, it cannot be edited or altered by Revain, the reviewer, or the business under evaluation. This means that a published review is free of manipulation and worthy of trust.How Revain Organises ReviewsLike most feedback platforms, Revain’s reviews work on a five-star system. However, Revain’s reviewers give stars in three separate categories, which are then averaged into an overall star rating. Whatever the product or service, each reviewer notes pros and cons of the system, and then gives a final summary of their opinion. When users find a review helpful, they can click on a sharable link to bring fellow crypto-holders to the spot.Revain endeavors to give its users information in bite-size chunks, unlike sites such as 99Bitcoins, which features in-depth but much longer reviews. Yelp also gives its readers bite-size chunks, but their reviewers put those chunks in general paragraphs instead of in three categories. TripAdvisor also offers reviews in paragraph form, but the length varies widely.Incorporating its blockchain technology, Revain users can actually click to see where and when the review was locked by the blockchain. The site has a chart that displays the review ID, action hash, and timestamp.Who is Giving the Feedback?All of the reviews can be viewed by product or reviewer. In each Revain reviewer’s profile, users can see the history of the reviewer, past usefulness of other reviews, and read through all product feedback by that person in one spot.When reviews are grouped together by product, Revain compiles all of the authenticated feedback to give average star ratings in the three separate categories and overall. Users can view either the “most valuable” reviews or the latest reviews related to that product.CryptoCompare also has pages specifically dedicated to each product, but their followers give one-line posts in an open forum. The reviews have to be searched for in a different tab.Getting an Overall LookThe final way to see a compilation of reviews on the Revain platform is by sections. Projects, exchanges, and wallets each have a ranked list users can access. The lists all give the average overall star rating and number of reviews, along with additional categories based on the product type. The default setting is by rank, but Revain allows users to sort the list by the other categories as well.Yelp also offers its readers a ranked list based on reviews, but the top two are always ad-sponsored spaces. In Revain, the rank is solely dependent on popularity and people’s impressions. A large amount of high-quality feedback will move a product higher in the overall ranking.Interested in a Project, Exchange or Wallet?Different arenas within the cryptocurrency world require different criteria of evaluation. When a project is reviewed, authors consider the factors of team, communication, and progress. The ranked list Revain compiles notes the rank and number of reviews for each project, and also shows its volume, price, and open source activity.Click on the volume or price, and you can see a graph of how that has changed hourly in the last day. CryptoCompare uses a similar style of list on their main page, but breaks down volume into total and direct. They use a seven-day chart as opposed to hourly, and show one number for the 24-hour change instead of a time graph (to get to a time breakdown, you have to visit the project’s specific page).Exchanges in Revain are evaluated on the categories of support, withdrawal, and registration process. The ranked list not only displays an exchange’s rank and number of reviews, but also its launch date, total volume by Bitcoin or United States dollar, and trading pairs.When reading reviews about specific wallets, users can see star ratings about security, anonymity, and ease of use. In the ranked list of all of the wallets, reviews and ratings are joined by cryptocurrencies, type, device, eligible operating systems, and whether or not extra services are offered.Influence Upcoming LayoutsRevain is still developing its platform, and wants users to be directly involved in the process. The projects, exchanges, and crypto wallets have been available for user participation for several months, and Revain added Crypto Cards to the line up in January. Revain is asking users to vote for the next section that they would like unveiled.Options include mining pools, crypto casinos, and crypto games. Users can add their own category onto the voting ballot as well. The most popular section will be added onto the platform in the near future.So instead of slogging through a melee of online feedback for crypto crowdfunded ventures and trying to determine authenticity, Revain users can easily navigate to the information they need most. Users can influence what information will be featured in the future, and have confidence that what they are reading is uninfluenced by manipulation or hidden bias. Join the Revain revolution now.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|How Feedback is Organised on Revain Platform as Opposed to Other Feedback Sites was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 11

How Feedback is Organised o...

In this consumer-driven, online era, feedback can be a valuable resource — or a manipulated commodity. Revain’s platform provides a place for authentic reviews of crowdfunding crypto ventures.Using its unique blockchain technology and token incentives, Revain is developing a forum that businesses and users within the crypto community can trust. That forum is also easily understood and user-friendly to navigate.Users can access general categories of projects, exchanges or wallets, or search for a specific product. Users can also browse Revain’s compilation of “Most Valuable” reviews or most recently posted.How Feedback is Organised on a PlatformFirst, any platform has to get the feedback from its reviewers. Many feedback sites publish material immediately, and work backwards to determine quality of content. Yelp recommends what it considers high-quality reviews, but doesn’t necessarily remove lower-quality reviews. Amazon similarly offers users an authentication stamp of “Amazon Verified Purchase.” The sales site also solicits for quality feedback through its Early Reviewer and Vine Programs.This doesn’t mean Amazon immediately pulls less-qualified reviews. It clearly states a policy of “anti-manipulation” and harsh punishment for users who violate the policy. Many of Amazon’s investigations begin with users informing them of suspicious reviews that have been posted.Revain, however, uses an artificial intelligence algorithm to evaluate its reviews before they are published. The algorithm analyzes the tone of the reviews and categorises the feedback as spam, positive, or negative. Spam reviews are discarded before they are entered into the blockchain, and never make it onto the site itself.Blockchain is akin to a digital ledger for transactions, which can store records, exchange assets or execute contracts. Each transaction is cryptographically validated, permanently recorded, and replicated across a computer network. Once the review enters the blockchain, it cannot be edited or altered by Revain, the reviewer, or the business under evaluation. This means that a published review is free of manipulation and worthy of trust.How Revain Organises ReviewsLike most feedback platforms, Revain’s reviews work on a five-star system. However, Revain’s reviewers give stars in three separate categories, which are then averaged into an overall star rating. Whatever the product or service, each reviewer notes pros and cons of the system, and then gives a final summary of their opinion. When users find a review helpful, they can click on a sharable link to bring fellow crypto-holders to the spot.Revain endeavors to give its users information in bite-size chunks, unlike sites such as 99Bitcoins, which features in-depth but much longer reviews. Yelp also gives its readers bite-size chunks, but their reviewers put those chunks in general paragraphs instead of in three categories. TripAdvisor also offers reviews in paragraph form, but the length varies widely.Incorporating its blockchain technology, Revain users can actually click to see where and when the review was locked by the blockchain. The site has a chart that displays the review ID, action hash, and timestamp.Who is Giving the Feedback?All of the reviews can be viewed by product or reviewer. In each Revain reviewer’s profile, users can see the history of the reviewer, past usefulness of other reviews, and read through all product feedback by that person in one spot.When reviews are grouped together by product, Revain compiles all of the authenticated feedback to give average star ratings in the three separate categories and overall. Users can view either the “most valuable” reviews or the latest reviews related to that product.CryptoCompare also has pages specifically dedicated to each product, but their followers give one-line posts in an open forum. The reviews have to be searched for in a different tab.Getting an Overall LookThe final way to see a compilation of reviews on the Revain platform is by sections. Projects, exchanges, and wallets each have a ranked list users can access. The lists all give the average overall star rating and number of reviews, along with additional categories based on the product type. The default setting is by rank, but Revain allows users to sort the list by the other categories as well.Yelp also offers its readers a ranked list based on reviews, but the top two are always ad-sponsored spaces. In Revain, the rank is solely dependent on popularity and people’s impressions. A large amount of high-quality feedback will move a product higher in the overall ranking.Interested in a Project, Exchange or Wallet?Different arenas within the cryptocurrency world require different criteria of evaluation. When a project is reviewed, authors consider the factors of team, communication, and progress. The ranked list Revain compiles notes the rank and number of reviews for each project, and also shows its volume, price, and open source activity.Click on the volume or price, and you can see a graph of how that has changed hourly in the last day. CryptoCompare uses a similar style of list on their main page, but breaks down volume into total and direct. They use a seven-day chart as opposed to hourly, and show one number for the 24-hour change instead of a time graph (to get to a time breakdown, you have to visit the project’s specific page).Exchanges in Revain are evaluated on the categories of support, withdrawal, and registration process. The ranked list not only displays an exchange’s rank and number of reviews, but also its launch date, total volume by Bitcoin or United States dollar, and trading pairs.When reading reviews about specific wallets, users can see star ratings about security, anonymity, and ease of use. In the ranked list of all of the wallets, reviews and ratings are joined by cryptocurrencies, type, device, eligible operating systems, and whether or not extra services are offered.Influence Upcoming LayoutsRevain is still developing its platform, and wants users to be directly involved in the process. The projects, exchanges, and crypto wallets have been available for user participation for several months, and Revain added Crypto Cards to the line up in January. Revain is asking users to vote for the next section that they would like unveiled.Options include mining pools, crypto casinos, and crypto games. Users can add their own category onto the voting ballot as well. The most popular section will be added onto the platform in the near future.So instead of slogging through a melee of online feedback for crypto crowdfunded ventures and trying to determine authenticity, Revain users can easily navigate to the information they need most. Users can influence what information will be featured in the future, and have confidence that what they are reading is uninfluenced by manipulation or hidden bias. Join the Revain revolution now.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|How Feedback is Organised on Revain Platform as Opposed to Other Feedback Sites was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 11

Revain Monthly Report: Janu...

The recent experiment of publishing monthly progress rundowns turned out to be successful: the community has expressed profound interest in the December monthly recap and showed great anticipation towards the next one, and so, upholding our new tradition of releasing monthly development summaries, here comes January 2019 Revain Report.The start of the new year marked many new beginnings for our team. January has been extremely development-heavy, which resulted in the release of the new category just one month after the previous one as well as the listing of over two thousand new entities. Without further ado, let’s dive right in!January 10. A presentation about Revain project and all the major developments that happened since the moment we concluded crowdfunding in September 2017 is released. Check it out!January 18 . A profound testing of Revain huge new redesign with our most loyal users who are participating in our beta test program. Thank you for everyone involved! The new design with new exciting features is still early, but we are aiming to release it this spring.January 21. Revain is listed on Twim @twimtrade, the new promising exchange from Estonia which aims to create a solution equally fit for new and experienced traders.January 25. Revain is added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token.The airdrop was launched to incentivize the trading of R on the ABCC.January 29. New Revain social channels for the Chinese communities are created. Our Chinese community is growing rapidly and it was time to expand our social media presence and establish new communication channels.January 29. The Crypto Cards Category added to Revain. Over 40 cards listed.January 30. As part of our partnership with the ABCC exchange, the new giveaway is launched. It’s meant to incentivize users to share their experience with the ABCC. Giveaway Details.January 31 — This month’s most prominent highlight: more than 2000 crypto projects and exchanges are added to Revain. This makes Revain the singular place on the web where one can read authentic reviews of other users, experts and investors about almost any crypto entity.Here’s a list of most prominent articles of the past month, both third-party and our own, concerning Revain.1) Blockchain in Retail: Crypto tokens as Loyalty Points; Revain on Mediumhttps://medium.com/revain/blockchain-in-retail-crypto-tokens-as-loyalty-points-675a8afe037d2) Steemhunt post about Revain https://steemhunt.com/@d-zero/revain-1st-blockchain-based-review-platform-with-ai-tech-and-rewards?ref=camzy3) Crypto Wallets; Revain on Mediumhttps://medium.com/revain/crypto-wallets-bdec52eb7a664) Fight Fake Reviews With Blockchain- The Revain Project; ABCC exchange on Mediumhttps://medium.com/abcc-exchange/fight-fake-reviews-with-blockchain-the-revain-project-4e9083fa61085) Revain’s Custom-Built AI for Review Analysis; Revain on Mediumhttps://medium.com/revain/revains-custom-built-ai-for-review-analysis-c0e3c699adf8As always, we are open to any suggestions. Have an idea? Feel free to drop us a few line on our social media.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain Monthly Report: January 2019 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 04

Revain Monthly Report: Janu...

The recent experiment of publishing monthly progress rundowns turned out to be successful: the community has expressed profound interest in the December monthly recap and showed great anticipation towards the next one, and so, upholding our new tradition of releasing monthly development summaries, here comes January 2019 Revain Report.The start of the new year marked many new beginnings for our team. January has been extremely development-heavy, which resulted in the release of the new category just one month after the previous one as well as the listing of over two thousand new entities. Without further ado, let’s dive right in!January 10. A presentation about Revain project and all the major developments that happened since the moment we concluded crowdfunding in September 2017 is released. Check it out!January 18 . A profound testing of Revain huge new redesign with our most loyal users who are participating in our beta test program. Thank you for everyone involved! The new design with new exciting features is still early, but we are aiming to release it this spring.January 21. Revain is listed on Twim @twimtrade, the new promising exchange from Estonia which aims to create a solution equally fit for new and experienced traders.January 25. Revain is added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token.The airdrop was launched to incentivize the trading of R on the ABCC.January 29. New Revain social channels for the Chinese communities are created. Our Chinese community is growing rapidly and it was time to expand our social media presence and establish new communication channels.January 29. The Crypto Cards Category added to Revain. Over 40 cards listed.January 30. As part of our partnership with the ABCC exchange, the new giveaway is launched. It’s meant to incentivize users to share their experience with the ABCC. Giveaway Details.January 31 — This month’s most prominent highlight: more than 2000 crypto projects and exchanges are added to Revain. This makes Revain the singular place on the web where one can read authentic reviews of other users, experts and investors about almost any crypto entity.Here’s a list of most prominent articles of the past month, both third-party and our own, concerning Revain.1) Blockchain in Retail: Crypto tokens as Loyalty Points; Revain on Mediumhttps://medium.com/revain/blockchain-in-retail-crypto-tokens-as-loyalty-points-675a8afe037d2) Steemhunt post about Revain https://steemhunt.com/@d-zero/revain-1st-blockchain-based-review-platform-with-ai-tech-and-rewards?ref=camzy3) Crypto Wallets; Revain on Mediumhttps://medium.com/revain/crypto-wallets-bdec52eb7a664) Fight Fake Reviews With Blockchain- The Revain Project; ABCC exchange on Mediumhttps://medium.com/abcc-exchange/fight-fake-reviews-with-blockchain-the-revain-project-4e9083fa61085) Revain’s Custom-Built AI for Review Analysis; Revain on Mediumhttps://medium.com/revain/revains-custom-built-ai-for-review-analysis-c0e3c699adf8As always, we are open to any suggestions. Have an idea? Feel free to drop us a few line on our social media.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|ЇRevain Monthly Report: January 2019 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 04

Revain Monthly Report: Janu...

The recent experiment of publishing monthly progress rundowns turned out to be successful: the community has expressed profound interest in the December monthly recap and showed great anticipation towards the next one, and so, upholding our new tradition of releasing monthly development summaries, here comes January 2019 Revain Report.The start of the new year marked many new beginnings for our team. January has been extremely development-heavy, which resulted in the release of the new category just one month after the previous one as well as the listing of over two thousand new entities. Without further ado, let’s dive right in!January 10. A presentation about Revain project and all the major developments that happened since the moment we concluded crowdfunding in September 2017 is released. Check it out!January 18 . A profound testing of Revain huge new redesign with our most loyal users who are participating in our beta test program. Thank you for everyone involved! The new design with new exciting features is still early, but we are aiming to release it this spring.January 21. Revain is listed on Twim @twimtrade, the new promising exchange from Estonia which aims to create a solution equally fit for new and experienced traders.January 25. Revain is added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token.The airdrop was launched to incentivize the trading of R on the ABCC.January 29. New Revain social channels for the Chinese communities are created. Our Chinese community is growing rapidly and it was time to expand our social media presence and establish new communication channels.January 29. The Crypto Cards Category added to Revain. Over 40 cards listed.January 30. As part of our partnership with the ABCC exchange, the new giveaway is launched. It’s meant to incentivize users to share their experience with the ABCC. Giveaway Details.January 31 — This month’s most prominent highlight: more than 2000 crypto projects and exchanges are added to Revain. This makes Revain the singular place on the web where one can read authentic reviews of other users, experts and investors about almost any crypto entity.Here’s a list of most prominent articles of the past month, both third-party and our own, concerning Revain.1) Blockchain in Retail: Crypto tokens as Loyalty Points; Revain on Mediumhttps://medium.com/revain/blockchain-in-retail-crypto-tokens-as-loyalty-points-675a8afe037d2) Steemhunt post about Revain https://steemhunt.com/@d-zero/revain-1st-blockchain-based-review-platform-with-ai-tech-and-rewards?ref=camzy3) Crypto Wallets; Revain on Mediumhttps://medium.com/revain/crypto-wallets-bdec52eb7a664) Fight Fake Reviews With Blockchain- The Revain Project; ABCC exchange on Mediumhttps://medium.com/abcc-exchange/fight-fake-reviews-with-blockchain-the-revain-project-4e9083fa61085) Revain’s Custom-Built AI for Review Analysis; Revain on Mediumhttps://medium.com/revain/revains-custom-built-ai-for-review-analysis-c0e3c699adf8As always, we are open to any suggestions. Have an idea? Feel free to drop us a few line on our social media.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain Monthly Report: January 2019 was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 02. 04

New Category on Revain: Cry...

Just a month ago we added Crypto Wallets category to already existing on Revain Projects and Exchanges. Today we are happy to announce the 4th Revain category — Crypto Cards.A crypto card, is, basically, a debit or credit card that allows you to pay using at least one type of cryptocurrency; they typically provide the option to pay with fiat as well. Turns out these are pretty popular with some of our users, as we’ve received a lot of requests for listing them on Revain.Take a look 👉https://revain.org/crypto-cardsFor each card, we show a set of basic parameters that you’ll need to choose a card that suits you, specifically card currency, initial cost, ATM, monthly and overall fees, monthly and daily limits, e.t.c. You can review each crypto card by Security, Anonymity and Customer Service.Here is the list of crypto currently available for review:AdvCash EURAdvCash USDANX Elite USDANXPRO Premium USDBitpay EURBitpay GRPBitPay USDBitstamp USDBonpay EUR CardBonpay USD CardCoinomat EURCoinomat USDCoinsBank EURCoinsBank GBPCoinsBank USDCryptoPay EURCryptoPay GBPCryptoPay USDLoadoo EURLoadoo GBPLoadoo USDMonaco Midnight Blue CardMonaco Rose Gold CardMonaco Ruby Steel CardMonaco Space Gray CardObsidian Black CardPaycent EURPaycent GBPPaycent USDShake EURShake USDShift USDSpectroCoin EURSpectroCoin GBPSpectroCoin USDUquid EUR CardUquid GBPUquid USDWageCan EURWageCan GBPWageCan USDWirex EURWirex GBPWirex USDXapo EURXapo GBPXapo USDJoin us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|New Category on Revain: Crypto Cards was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 31

New Category on Revain: Cry...

Just a month ago we added Crypto Wallets category to already existing on Revain Projects and Exchanges. Today we are happy to announce the 4th Revain category — Crypto Cards.A crypto card, is, basically, a debit or credit card that allows you to pay using at least one type of cryptocurrency; they typically provide the option to pay with fiat as well. Turns out these are pretty popular with some of our users, as we’ve received a lot of requests for listing them on Revain.Take a look 👉https://revain.org/crypto-cardsFor each card, we show a set of basic parameters that you’ll need to choose a card that suits you, specifically card currency, initial cost, ATM, monthly and overall fees, monthly and daily limits, e.t.c. You can review each crypto card by Security, Anonymity and Customer Service.Here is the list of crypto currently available for review:AdvCash EURAdvCash USDANX Elite USDANXPRO Premium USDBitpay EURBitpay GRPBitPay USDBitstamp USDBonpay EUR CardBonpay USD CardCoinomat EURCoinomat USDCoinsBank EURCoinsBank GBPCoinsBank USDCryptoPay EURCryptoPay GBPCryptoPay USDLoadoo EURLoadoo GBPLoadoo USDMonaco Midnight Blue CardMonaco Rose Gold CardMonaco Ruby Steel CardMonaco Space Gray CardObsidian Black CardPaycent EURPaycent GBPPaycent USDShake EURShake USDShift USDSpectroCoin EURSpectroCoin GBPSpectroCoin USDUquid EUR CardUquid GBPUquid USDWageCan EURWageCan GBPWageCan USDWirex EURWirex GBPWirex USDXapo EURXapo GBPXapo USDJoin us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|New Category on Revain: Crypto Cards was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 31

New Category on Revain: Cry...

Just a month ago we added Crypto Wallets category to already existing on Revain Projects and Exchanges. Today we are happy to announce the 4th Revain category — Crypto Cards.A crypto card, is, basically, a debit or credit card that allows you to pay using at least one type of cryptocurrency; they typically provide the option to pay with fiat as well. Turns out these are pretty popular with some of our users, as we’ve received a lot of requests for listing them on Revain.Take a look 👉https://revain.org/crypto-cardsFor each card, we show a set of basic parameters that you’ll need to choose a card that suits you, specifically card currency, initial cost, ATM, monthly and overall fees, monthly and daily limits, e.t.c. You can review each crypto card by Security, Anonymity and Customer Service.Here is the list of crypto currently available for review:AdvCash EURAdvCash USDANX Elite USDANXPRO Premium USDBitpay EURBitpay GRPBitPay USDBitstamp USDBonpay EUR CardBonpay USD CardCoinomat EURCoinomat USDCoinsBank EURCoinsBank GBPCoinsBank USDCryptoPay EURCryptoPay GBPCryptoPay USDLoadoo EURLoadoo GBPLoadoo USDMonaco Midnight Blue CardMonaco Rose Gold CardMonaco Ruby Steel CardMonaco Space Gray CardObsidian Black CardPaycent EURPaycent GBPPaycent USDShake EURShake USDShift USDSpectroCoin EURSpectroCoin GBPSpectroCoin USDUquid EUR CardUquid GBPUquid USDWageCan EURWageCan GBPWageCan USDWirex EURWirex GBPWirex USDXapo EURXapo GBPXapo USDJoin us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|New Category on Revain: Crypto Cards was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 31

Revain’s Custom-Built AI fo...

Revain is a blockchain-based review platform with a goal to bring back people’s trust in online reviews. Currently, Revain is focused on reviews on projects which concluded ICO/crowdsale stage. The reviews and ratings help investors decide on their next venture. This is the ‘magic’ of custom-built artificial intelligence (AI) in action.Set to impact every industry and business, “artificial Intelligence is the definitive technology of the 21st century”. Forrester, an American market research company providing data on the existing and potential impact of technology, reports that 62% of enterprises were already using artificial intelligence in 2018 and predicts AI will be a $47 billion market by 2020. With this groundbreaking outlook it’s important to have an understanding of AI and its impact.Dawn of the MachinesBack in the 1950’s Minsky and McCarthy, the fathers of the AI field, described AI as any task performed by a program or a machine that would require intelligence if carried out by a human. Such AI systems typically display forms of human intelligence like planning, learning, reasoning, problem solving, recognition, motion, manipulation and partial social intelligence and creativity.Higher levels of artificial intelligence fall into two broad categories: narrow AI and general AI. What most computers generally do — intelligent systems carrying out specific tasks without expressly being programmed to so do — is covered under narrow AI. These systems, like Siri, can only be taught to do specific tasks. General AI has “adaptable intellect and a flexible form of intelligence that is capable of learning how to carry out vastly different tasks or to reason about a wide variety of topics based on its accumulated experience.”Rise of the MachinesThere is a broad body of research involved in AI — machine learning — which supplies and enhances upon itself. In machine learning, a computer system is fed large amounts of data, which is used to master carrying out a specific task.Deep learning is an amplified version of machine learning where neural networks — layers of interconnected algorithms — are dispersed over elaborate networks with large numbers of layers trained to use enormous amounts of data. Deep neural networks have facilitated the current ability of computers to perform tasks like speech recognition.AI´s Master in BusinessDelving into custom-built AI and using advanced technologies have already led to AI companies mastering markets given that artificial intelligence saves time and money, avoids human errors and increases productivity and revenues. AI’s algorithms can help create personalised customer experiences, resolve problems before they occur and streamline purchases, which reduces operational costs and improves efficiency.Akin to Revain’s Platform, another company guiding markets by employing custom-built AI is Unicsoft. Unicsoft was named one of the 15-best artificial intelligence companies by ThinkMobile — a mobile app marketplace of IT companies and software products — based on its ratings of managing challenging AI projects with positive customer feedback. Banking on the rise of blockchain and AI, Unicsoft was founded focused on these two technologies. Currently headquartered in Scotland they’ve completed 120 projects over 13 years with the aid of custom-built AI, helping businesses to advance in the process.One such project saw Unicsoft solicited by a well-known Central European e-commerce merchant to create a tool analysing customers’ feedback on goods purchased through their online marketplace. Their customer experiences were divided into three categories: positive, negative or neutral based on the tone and temperament of every word of the customer’s social postings.Unicsoft went about cleaning and munging data and as an initial step, applying tokenization. A NLTK (national language toolkit — a tool for teaching and working in computational linguistics using Python) tool was then used to interpret synonyms, semantics, and the overall mood of feedback in a form of semantics analysis. Along with semantic analysis, language specifics, NLP (neuro-linguistic programming) and Data Science techniques involving a set of demographic characteristics was included to model and sum up a complex analytical solution.Unicsoft’s team of expert analysts, mathematicians and software developers created the analytical solution which resulted in the client being able to define a marketing and sales strategy. One year after applying the solution, a 10% revenue increase was achieved, along with an overall high-level of delivery and solution architecture.Custom AI in ActionSo how does Revain’s Platform make their custom-built AI “magic” happen? Like Unicsoft, Revain realised at the beginning of the Review Review Platform project that AI would be one of its focal points. In order to fulfill the responsibility of producing genuine, transparent reviews that are helpful, Revain designed an authentication system, which comprised automatic filtering followed by a manual moderation stage using the ready-to-use reliable products of IBM Watson.With the help of IBM Watson’s Natural Language Understanding and Tone Analyser applications, reviews on the platform were categorised as spam, positive or negative. In the subsequent manual moderation stage, the reviews were then processed manually by an in-house team. Once validated, they were entered in the blockchain, where they could not be edited or altered. Although IBM Watson solutions did an excellent job in meeting the Platform’s goals and specific tasks, the need for eliminating manual moderation was noted. This was to minimise human errors and to promote the efficient use of human resources.RetrainingIn time, Revain decided to create a customised product tailored to their goals. In 2018, the switch was made to “self-written algorithms and models based on open-source solutions. The architecture, placed on AWS (Amazon Web Services) allowed for quicker and more easily scalable solutions.” It also offered a large degree of freedom in testing resulting in implementation of a large number of different models, thereby creating speed-efficient and simple machine learning models.Monitoring of the appropriate output in the form of feedback from the Platform’s users continues to train the current models, giving them more confidence in making the right decisions. The main goal now is the introduction of more complex models that bring more quality and efficiency in the evaluation of reviews, without losing the speed and scalability of the solutions.The challenge of quashing fake, spam and purchased reviews which devalue the Platform is an ongoing and complicated fight for Revain. Firing back tools include a large number of high-quality reviews written by users along with more advanced algorithms and models of machine learning developed by scientists and engineers. The possibility of implementing a reference-based service is also in the works.Online reviews have an enormous impact on consumer purchases. The technology market research company, Dimensional Research reported that 90% of respondents said that positive online reviews influence their buying decisions and 86% said that their buying decisions were influenced by negative online reviews. Revain Platform’s is set to become a major influencer using its custom-built AI review analysis to provide trustworthy reviews.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Custom-Built AI for Review Analysis was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 30

Revain’s Custom-Built AI fo...

Revain is a blockchain-based review platform with a goal to bring back people’s trust in online reviews. Currently, Revain is focused on reviews on projects which concluded ICO/crowdsale stage. The reviews and ratings help investors decide on their next venture. This is the ‘magic’ of custom-built artificial intelligence (AI) in action.Set to impact every industry and business, “artificial Intelligence is the definitive technology of the 21st century”. Forrester, an American market research company providing data on the existing and potential impact of technology, reports that 62% of enterprises were already using artificial intelligence in 2018 and predicts AI will be a $47 billion market by 2020. With this groundbreaking outlook it’s important to have an understanding of AI and its impact.Dawn of the MachinesBack in the 1950’s Minsky and McCarthy, the fathers of the AI field, described AI as any task performed by a program or a machine that would require intelligence if carried out by a human. Such AI systems typically display forms of human intelligence like planning, learning, reasoning, problem solving, recognition, motion, manipulation and partial social intelligence and creativity.Higher levels of artificial intelligence fall into two broad categories: narrow AI and general AI. What most computers generally do — intelligent systems carrying out specific tasks without expressly being programmed to so do — is covered under narrow AI. These systems, like Siri, can only be taught to do specific tasks. General AI has “adaptable intellect and a flexible form of intelligence that is capable of learning how to carry out vastly different tasks or to reason about a wide variety of topics based on its accumulated experience.”Rise of the MachinesThere is a broad body of research involved in AI — machine learning — which supplies and enhances upon itself. In machine learning, a computer system is fed large amounts of data, which is used to master carrying out a specific task.Deep learning is an amplified version of machine learning where neural networks — layers of interconnected algorithms — are dispersed over elaborate networks with large numbers of layers trained to use enormous amounts of data. Deep neural networks have facilitated the current ability of computers to perform tasks like speech recognition.AI´s Master in BusinessDelving into custom-built AI and using advanced technologies have already led to AI companies mastering markets given that artificial intelligence saves time and money, avoids human errors and increases productivity and revenues. AI’s algorithms can help create personalised customer experiences, resolve problems before they occur and streamline purchases, which reduces operational costs and improves efficiency.Akin to Revain’s Platform, another company guiding markets by employing custom-built AI is Unicsoft. Unicsoft was named one of the 15-best artificial intelligence companies by ThinkMobile — a mobile app marketplace of IT companies and software products — based on its ratings of managing challenging AI projects with positive customer feedback. Banking on the rise of blockchain and AI, Unicsoft was founded focused on these two technologies. Currently headquartered in Scotland they’ve completed 120 projects over 13 years with the aid of custom-built AI, helping businesses to advance in the process.One such project saw Unicsoft solicited by a well-known Central European e-commerce merchant to create a tool analysing customers’ feedback on goods purchased through their online marketplace. Their customer experiences were divided into three categories: positive, negative or neutral based on the tone and temperament of every word of the customer’s social postings.Unicsoft went about cleaning and munging data and as an initial step, applying tokenization. A NLTK (national language toolkit — a tool for teaching and working in computational linguistics using Python) tool was then used to interpret synonyms, semantics, and the overall mood of feedback in a form of semantics analysis. Along with semantic analysis, language specifics, NLP (neuro-linguistic programming) and Data Science techniques involving a set of demographic characteristics was included to model and sum up a complex analytical solution.Unicsoft’s team of expert analysts, mathematicians and software developers created the analytical solution which resulted in the client being able to define a marketing and sales strategy. One year after applying the solution, a 10% revenue increase was achieved, along with an overall high-level of delivery and solution architecture.Custom AI in ActionSo how does Revain’s Platform make their custom-built AI “magic” happen? Like Unicsoft, Revain realised at the beginning of the Review Review Platform project that AI would be one of its focal points. In order to fulfill the responsibility of producing genuine, transparent reviews that are helpful, Revain designed an authentication system, which comprised automatic filtering followed by a manual moderation stage using the ready-to-use reliable products of IBM Watson.With the help of IBM Watson’s Natural Language Understanding and Tone Analyser applications, reviews on the platform were categorised as spam, positive or negative. In the subsequent manual moderation stage, the reviews were then processed manually by an in-house team. Once validated, they were entered in the blockchain, where they could not be edited or altered. Although IBM Watson solutions did an excellent job in meeting the Platform’s goals and specific tasks, the need for eliminating manual moderation was noted. This was to minimise human errors and to promote the efficient use of human resources.RetrainingIn time, Revain decided to create a customised product tailored to their goals. In 2018, the switch was made to “self-written algorithms and models based on open-source solutions. The architecture, placed on AWS (Amazon Web Services) allowed for quicker and more easily scalable solutions.” It also offered a large degree of freedom in testing resulting in implementation of a large number of different models, thereby creating speed-efficient and simple machine learning models.Monitoring of the appropriate output in the form of feedback from the Platform’s users continues to train the current models, giving them more confidence in making the right decisions. The main goal now is the introduction of more complex models that bring more quality and efficiency in the evaluation of reviews, without losing the speed and scalability of the solutions.The challenge of quashing fake, spam and purchased reviews which devalue the Platform is an ongoing and complicated fight for Revain. Firing back tools include a large number of high-quality reviews written by users along with more advanced algorithms and models of machine learning developed by scientists and engineers. The possibility of implementing a reference-based service is also in the works.Online reviews have an enormous impact on consumer purchases. The technology market research company, Dimensional Research reported that 90% of respondents said that positive online reviews influence their buying decisions and 86% said that their buying decisions were influenced by negative online reviews. Revain Platform’s is set to become a major influencer using its custom-built AI review analysis to provide trustworthy reviews.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Custom-Built AI for Review Analysis was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 30

Revain’s Custom-Built AI fo...

Revain is a blockchain-based review platform with a goal to bring back people’s trust in online reviews. Currently, Revain is focused on reviews on projects which concluded ICO/crowdsale stage. The reviews and ratings help investors decide on their next venture. This is the ‘magic’ of custom-built artificial intelligence (AI) in action.Set to impact every industry and business, “artificial Intelligence is the definitive technology of the 21st century”. Forrester, an American market research company providing data on the existing and potential impact of technology, reports that 62% of enterprises were already using artificial intelligence in 2018 and predicts AI will be a $47 billion market by 2020. With this groundbreaking outlook it’s important to have an understanding of AI and its impact.Dawn of the MachinesBack in the 1950’s Minsky and McCarthy, the fathers of the AI field, described AI as any task performed by a program or a machine that would require intelligence if carried out by a human. Such AI systems typically display forms of human intelligence like planning, learning, reasoning, problem solving, recognition, motion, manipulation and partial social intelligence and creativity.Higher levels of artificial intelligence fall into two broad categories: narrow AI and general AI. What most computers generally do — intelligent systems carrying out specific tasks without expressly being programmed to so do — is covered under narrow AI. These systems, like Siri, can only be taught to do specific tasks. General AI has “adaptable intellect and a flexible form of intelligence that is capable of learning how to carry out vastly different tasks or to reason about a wide variety of topics based on its accumulated experience.”Rise of the MachinesThere is a broad body of research involved in AI — machine learning — which supplies and enhances upon itself. In machine learning, a computer system is fed large amounts of data, which is used to master carrying out a specific task.Deep learning is an amplified version of machine learning where neural networks — layers of interconnected algorithms — are dispersed over elaborate networks with large numbers of layers trained to use enormous amounts of data. Deep neural networks have facilitated the current ability of computers to perform tasks like speech recognition.AI´s Master in BusinessDelving into custom-built AI and using advanced technologies have already led to AI companies mastering markets given that artificial intelligence saves time and money, avoids human errors and increases productivity and revenues. AI’s algorithms can help create personalised customer experiences, resolve problems before they occur and streamline purchases, which reduces operational costs and improves efficiency.Akin to Revain’s Platform, another company guiding markets by employing custom-built AI is Unicsoft. Unicsoft was named one of the 15-best artificial intelligence companies by ThinkMobile — a mobile app marketplace of IT companies and software products — based on its ratings of managing challenging AI projects with positive customer feedback. Banking on the rise of blockchain and AI, Unicsoft was founded focused on these two technologies. Currently headquartered in Scotland they’ve completed 120 projects over 13 years with the aid of custom-built AI, helping businesses to advance in the process.One such project saw Unicsoft solicited by a well-known Central European e-commerce merchant to create a tool analysing customers’ feedback on goods purchased through their online marketplace. Their customer experiences were divided into three categories: positive, negative or neutral based on the tone and temperament of every word of the customer’s social postings.Unicsoft went about cleaning and munging data and as an initial step, applying tokenization. A NLTK (national language toolkit — a tool for teaching and working in computational linguistics using Python) tool was then used to interpret synonyms, semantics, and the overall mood of feedback in a form of semantics analysis. Along with semantic analysis, language specifics, NLP (neuro-linguistic programming) and Data Science techniques involving a set of demographic characteristics was included to model and sum up a complex analytical solution.Unicsoft’s team of expert analysts, mathematicians and software developers created the analytical solution which resulted in the client being able to define a marketing and sales strategy. One year after applying the solution, a 10% revenue increase was achieved, along with an overall high-level of delivery and solution architecture.Custom AI in ActionSo how does Revain’s Platform make their custom-built AI “magic” happen? Like Unicsoft, Revain realised at the beginning of the Review Review Platform project that AI would be one of its focal points. In order to fulfill the responsibility of producing genuine, transparent reviews that are helpful, Revain designed an authentication system, which comprised automatic filtering followed by a manual moderation stage using the ready-to-use reliable products of IBM Watson.With the help of IBM Watson’s Natural Language Understanding and Tone Analyser applications, reviews on the platform were categorised as spam, positive or negative. In the subsequent manual moderation stage, the reviews were then processed manually by an in-house team. Once validated, they were entered in the blockchain, where they could not be edited or altered. Although IBM Watson solutions did an excellent job in meeting the Platform’s goals and specific tasks, the need for eliminating manual moderation was noted. This was to minimise human errors and to promote the efficient use of human resources.RetrainingIn time, Revain decided to create a customised product tailored to their goals. In 2018, the switch was made to “self-written algorithms and models based on open-source solutions. The architecture, placed on AWS (Amazon Web Services) allowed for quicker and more easily scalable solutions.” It also offered a large degree of freedom in testing resulting in implementation of a large number of different models, thereby creating speed-efficient and simple machine learning models.Monitoring of the appropriate output in the form of feedback from the Platform’s users continues to train the current models, giving them more confidence in making the right decisions. The main goal now is the introduction of more complex models that bring more quality and efficiency in the evaluation of reviews, without losing the speed and scalability of the solutions.The challenge of quashing fake, spam and purchased reviews which devalue the Platform is an ongoing and complicated fight for Revain. Firing back tools include a large number of high-quality reviews written by users along with more advanced algorithms and models of machine learning developed by scientists and engineers. The possibility of implementing a reference-based service is also in the works.Online reviews have an enormous impact on consumer purchases. The technology market research company, Dimensional Research reported that 90% of respondents said that positive online reviews influence their buying decisions and 86% said that their buying decisions were influenced by negative online reviews. Revain Platform’s is set to become a major influencer using its custom-built AI review analysis to provide trustworthy reviews.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Revain’s Custom-Built AI for Review Analysis was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 30

Revain has been listed on t...

Advancing our efforts to make Revain easily available to people throughout the world, we’ve arranged a new listing for the R token. It has been added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token. ABCC focuses on assisting investors with identifying valuable blockchain assets, delivering secure online trading, and offering professional service.Check ABCC’s article about Revain: https://medium.com/@abcc.com/4e9083fa6108How to Trade R on ABCCABCC supports trading via Market, Limit and Stop Orders. To start trading, go to the top of the website and click “Exchange.” You will see a list of trading pairs divided by BTC, ETH, and USDT. Clicking on any of them will summon the list of the available pairs. Proceed to choose the one you are interested in, this will take you to the trading page that contains an order book and TradingView charts.Choosing the right exchange is not only a vital part of making your cryptocurrency investments as safe as possible but also determines your trading options. As we are spoiled for choice when it comes to platforms that provide trading services, making a decision can be quite daunting. Revain lets you browse through hundreds of reviews of people who have already tried different platforms so that you can find an exchange that’s a right fit for you.Read reviews on this and other exchanges on RevainRevain has been listed on the abcc exchange was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 25

Revain has been listed on t...

Advancing our efforts to make Revain easily available to people throughout the world, we’ve arranged a new listing for the R token. It has been added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token. ABCC focuses on assisting investors with identifying valuable blockchain assets, delivering secure online trading, and offering professional service.Check ABCC’s article about Revain: https://medium.com/@abcc.com/4e9083fa6108How to Trade R on ABCCABCC supports trading via Market, Limit and Stop Orders. To start trading, go to the top of the website and click “Exchange.” You will see a list of trading pairs divided by BTC, ETH, and USDT. Clicking on any of them will summon the list of the available pairs. Proceed to choose the one you are interested in, this will take you to the trading page that contains an order book and TradingView charts.Choosing the right exchange is not only a vital part of making your cryptocurrency investments as safe as possible but also determines your trading options. As we are spoiled for choice when it comes to platforms that provide trading services, making a decision can be quite daunting. Revain lets you browse through hundreds of reviews of people who have already tried different platforms so that you can find an exchange that’s a right fit for you.Read reviews on this and other exchanges on RevainRevain has been listed on the abcc exchange was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 25

Revain has been listed on t...

Advancing our efforts to make Revain easily available to people throughout the world, we’ve arranged a new listing for the R token. It has been added to the ABCC exchange, a part of the international crypto-asset ecosystem that consists of crypto exchange, universal cryptocurrency wallet, platform for options trading, business cloud for automated cryptocurrency exchanges and has a native dividend token. ABCC focuses on assisting investors with identifying valuable blockchain assets, delivering secure online trading, and offering professional service.Check ABCC’s article about Revain: https://medium.com/@abcc.com/4e9083fa6108How to Trade R on ABCCABCC supports trading via Market, Limit and Stop Orders. To start trading, go to the top of the website and click “Exchange.” You will see a list of trading pairs divided by BTC, ETH, and USDT. Clicking on any of them will summon the list of the available pairs. Proceed to choose the one you are interested in, this will take you to the trading page that contains an order book and TradingView charts.Choosing the right exchange is not only a vital part of making your cryptocurrency investments as safe as possible but also determines your trading options. As we are spoiled for choice when it comes to platforms that provide trading services, making a decision can be quite daunting. Revain lets you browse through hundreds of reviews of people who have already tried different platforms so that you can find an exchange that’s a right fit for you.Read reviews on this and other exchanges on RevainRevain has been listed on the abcc exchange was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 25

Crypto Wallets

By Stephen RainbowWhat is a Crypto Wallet?To trade in cryptocurrency requires that you have a cryptocurrency wallet. Known as a crypto wallet, it is a software program that records transactions to the blockchain and allows you to securely send and receive digital currency.Unlike a traditional wallet, the crypto wallet does not actually hold or store any currency. Crypto wallets are like online banking platforms. Wallets can be either private-key “full” wallets or “custodial” wallets.Custodial wallets, like those used on third-party crypto exchanges, require only a password to access and manage your cryptocurrency balances. On the other hand, the private-key wallet has three components: the public address which is an encrypted version of the public key and functions like an account number; the public key which is a secure digital code connected to a currency balance; and a private-key that verifies the account owner. The private-key wallet allows you to monitor, send, receive, and store your cryptocurrencies without the use of a third party.Regardless of the wallet type, the software program verifies the account holder and ensures transactions are securely recorded onto the blockchain, which is, essentially, a bank ledger. Depending on the wallet, they can either maintain multiple public and private key pairs (accounts and passwords), or they support only specific coins.Following us so far? Good.How Reliable is a Crypto Wallet?The reliability and security of crypto wallets is directly related to the type (yes, there’s more) of crypto wallet you use and whether the wallet is actively connected to the internet. You need to understand the strengths and weaknesses of each type of wallet to fully optimise its use.Crypto wallets can be software, hardware, or paper. If and when they are connected to the internet, the wallet is considered “hot.” It is recommended that you do not store all your cryptocurrency in a single “hot” wallet; instead, think of it as a traditional wallet and keep only the amount of currency needed for impending transactions. If the wallet is not connected to the internet, it is a “cold” wallet. Cold wallets are the safest and recommended for long-term storage.Software wallets can be on a desktop, online, or on a mobile device. Desktop wallets are installed on a PC or laptop and can only be accessed from that particular computer. This makes desktop wallets one of the most secure forms of crypto wallets. However, if your computer is hacked or infected with a virus, there is a risk that you may lose all your cryptocurrency.Online wallets are “hot” wallets, based in the cloud and are therefore easily accessed in any location from any device. This makes them very convenient but it also means — because they connected to the internet and controlled by a third party — that they are more vulnerable to theft and hacking.Mobile wallets run on an app on your phone, making them convenient to use anywhere. The limited space on a mobile device usually makes this type of crypto wallet much smaller and easier to use than a desktop wallet.Hardware wallets store a user’s data on a hardware device — including a USB. This is a “cold” wallet (while disconnected from the internet), meaning that the transactions are stored offline, making them relatively safe from attempts at theft and hacking.A paper wallet is a paper copy or printout of your public and private keys as a QR code (two-dimensional bar code). A paper wallet also refers to software used to generate a pair of keys which are then printed. The “cold” paper wallet provides a high level of security because it is not connected to the internet.Can a Crypto Wallet be Hacked?Any online wallet can be vulnerable to hacking or theft. But there are steps you can take to reduce the risk. Again, the most secure wallets are those that are offline.Even though online wallets have proven the most vulnerable and prone to hacking attacks, you should be diligent about security precautions with any kind of wallet. And if you lose your private keys, you will lose your cryptocurrency regardless of the wallet type. There is no way to reclaim your currency if your wallet is hacked, if you transfer funds to a scammer, if you lose your computer, or inadvertently wipe your hard drive.Your wallet should be protected by keeping most of your funds in a secure environment and only maintaining small amounts of currency online. Updating the software on your wallet regularly and using complex passwords and additional pin codes are recommended steps for added security.Just like traditional banks, wallet companies are competing for new customers. We recommend that you use peer-approved and wallets that are officially supported by the cryptocurrency. If you want a wallet with more flexibility, i.e., one that supports multiple cryptocurrencies, you should investigate the wallet’s security features and development team before deciding which is best for you. Make sure to consult Revain’s Platform for authentic, transparent, and immutable wallet reviews to help with your decision.Revain’s Platform Is Adding More Crypto Wallets in 2019At the end of December 2018, Revain had added 16 wallets to its Platform, and the reviews are already coming in. The goal is to feature as many as 130 wallets in 2019.The Platform allows users to view basic wallet information, including the number of supported cryptocurrencies, the wallet type, and supported devices and operating systems. In this cryptocurrency community environment, you can view and rate crypto wallets according to criteria such as security, anonymity, and the ease of use. Revain’s customised algorithm ranks all wallets (companies) based on their popularity and user feedback. By contributing to the review community, you can help your favourite projects and other cryptocurrency holders by providing insightful reviews.Using blockchain technology, the Revain Platform is specifically designed to bring trustworthiness back to online reviews. Building a community of crypto-enthusiasts, Revain provides authentic user reviews from those people who know them best — fellow crypto-wallets patrons. We hope you will participate as Revain extends our review platform to include crypto wallet coverage in what promises to be an exciting year ahead.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crypto Wallets was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 11

Crypto Wallets

By Stephen RainbowWhat is a Crypto Wallet?To trade in cryptocurrency requires that you have a cryptocurrency wallet. Known as a crypto wallet, it is a software program that records transactions to the blockchain and allows you to securely send and receive digital currency.Unlike a traditional wallet, the crypto wallet does not actually hold or store any currency. Crypto wallets are like online banking platforms. Wallets can be either private-key “full” wallets or “custodial” wallets.Custodial wallets, like those used on third-party crypto exchanges, require only a password to access and manage your cryptocurrency balances. On the other hand, the private-key wallet has three components: the public address which is an encrypted version of the public key and functions like an account number; the public key which is a secure digital code connected to a currency balance; and a private-key that verifies the account owner. The private-key wallet allows you to monitor, send, receive, and store your cryptocurrencies without the use of a third party.Regardless of the wallet type, the software program verifies the account holder and ensures transactions are securely recorded onto the blockchain, which is, essentially, a bank ledger. Depending on the wallet, they can either maintain multiple public and private key pairs (accounts and passwords), or they support only specific coins.Following us so far? Good.How Reliable is a Crypto Wallet?The reliability and security of crypto wallets is directly related to the type (yes, there’s more) of crypto wallet you use and whether the wallet is actively connected to the internet. You need to understand the strengths and weaknesses of each type of wallet to fully optimise its use.Crypto wallets can be software, hardware, or paper. If and when they are connected to the internet, the wallet is considered “hot.” It is recommended that you do not store all your cryptocurrency in a single “hot” wallet; instead, think of it as a traditional wallet and keep only the amount of currency needed for impending transactions. If the wallet is not connected to the internet, it is a “cold” wallet. Cold wallets are the safest and recommended for long-term storage.Software wallets can be on a desktop, online, or on a mobile device. Desktop wallets are installed on a PC or laptop and can only be accessed from that particular computer. This makes desktop wallets one of the most secure forms of crypto wallets. However, if your computer is hacked or infected with a virus, there is a risk that you may lose all your cryptocurrency.Online wallets are “hot” wallets, based in the cloud and are therefore easily accessed in any location from any device. This makes them very convenient but it also means — because they connected to the internet and controlled by a third party — that they are more vulnerable to theft and hacking.Mobile wallets run on an app on your phone, making them convenient to use anywhere. The limited space on a mobile device usually makes this type of crypto wallet much smaller and easier to use than a desktop wallet.Hardware wallets store a user’s data on a hardware device — including a USB. This is a “cold” wallet (while disconnected from the internet), meaning that the transactions are stored offline, making them relatively safe from attempts at theft and hacking.A paper wallet is a paper copy or printout of your public and private keys as a QR code (two-dimensional bar code). A paper wallet also refers to software used to generate a pair of keys which are then printed. The “cold” paper wallet provides a high level of security because it is not connected to the internet.Can a Crypto Wallet be Hacked?Any online wallet can be vulnerable to hacking or theft. But there are steps you can take to reduce the risk. Again, the most secure wallets are those that are offline.Even though online wallets have proven the most vulnerable and prone to hacking attacks, you should be diligent about security precautions with any kind of wallet. And if you lose your private keys, you will lose your cryptocurrency regardless of the wallet type. There is no way to reclaim your currency if your wallet is hacked, if you transfer funds to a scammer, if you lose your computer, or inadvertently wipe your hard drive.Your wallet should be protected by keeping most of your funds in a secure environment and only maintaining small amounts of currency online. Updating the software on your wallet regularly and using complex passwords and additional pin codes are recommended steps for added security.Just like traditional banks, wallet companies are competing for new customers. We recommend that you use peer-approved and wallets that are officially supported by the cryptocurrency. If you want a wallet with more flexibility, i.e., one that supports multiple cryptocurrencies, you should investigate the wallet’s security features and development team before deciding which is best for you. Make sure to consult Revain’s Platform for authentic, transparent, and immutable wallet reviews to help with your decision.Revain’s Platform Is Adding More Crypto Wallets in 2019At the end of December 2018, Revain had added 16 wallets to its Platform, and the reviews are already coming in. The goal is to feature as many as 130 wallets in 2019.The Platform allows users to view basic wallet information, including the number of supported cryptocurrencies, the wallet type, and supported devices and operating systems. In this cryptocurrency community environment, you can view and rate crypto wallets according to criteria such as security, anonymity, and the ease of use. Revain’s customised algorithm ranks all wallets (companies) based on their popularity and user feedback. By contributing to the review community, you can help your favourite projects and other cryptocurrency holders by providing insightful reviews.Using blockchain technology, the Revain Platform is specifically designed to bring trustworthiness back to online reviews. Building a community of crypto-enthusiasts, Revain provides authentic user reviews from those people who know them best — fellow crypto-wallets patrons. We hope you will participate as Revain extends our review platform to include crypto wallet coverage in what promises to be an exciting year ahead.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Crypto Wallets was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 11

Blockchain in Retail: Crypt...

By Lissette MaduroCompetition in retail is tougher than ever, and retailers are fighting the battle to obtain loyal customers. Current loyalty programmes are losing their appeal and the quest to find a unique scheme and achieve a loyal customer base is ongoing. Revain’s review platform, backed by blockchain technology, is poised to forge a path through the evolving e-commerce currency system and revolutionise the loyalty programme scheme as well.The Current Problems with Loyalty SchemesLengthy and complicated registration processes. Online and “in-store” customers look for value, convenience, and a shopping experience that is quick and easy. A loyalty programme that involves an extensive registration process is an off-putting experience and, in some cases, a deterrent to enrolling in the programme.Loyalty programme access. A February 2018 survey from mobile coupon solution provider CodeBroker, stated that 54% of those surveyed were unsatisfied with the options for accessing their loyalty programme to monitor their activity and rewards details. Members were most averse to downloading an app for redemption details because of smartphone storage depletion. According to the survey, “more than five in 10 respondents agreed that without easily accessible programs, rewards often go unused or expire because members aren’t aware they’ve accrued.” Unsatisfactory user-experience with the programme’s website also contributes to the problem.Complex point accrual systems and limited rewards. Loyalty programmes may frequently or inexplicably add new rules, and alter or complicate conditions for rewards redemption. This leads to misunderstandings and unfavourable customer experiences. Limited or less diverse rewards programmes have resulted in decreased member engagement.Familiarity. The Law of Diminishing Marginal Utility states that “the more you consume a good or use a service, the less satisfied you will be with each successive use or consumption.”With the emergence of loyalty programmes for everything, it has become difficult for customers to keep track of the programmes in which they are enrolled. Customers become disinterested and the rewards no longer seem advantageous. According to a recent survey by Access Development, “53% of rewards program members stopped actively participating in at least one program over the past year”.Creating a Unique Loyalty SchemeGiven the current state of loyalty programmes, it is imperative for brands to create a unique loyalty scheme if they are to entice customers. A successful loyalty scheme will simplify the enrolment process and eliminate confusing rules and changing conditions. It will allow for diversity in the rewards programme by encouraging competing and complementary businesses to participate in the “community”. A competitive marketplace will attract members with a single location to leave feedback and redeem rewards. The community will provide retailers with a customer engagement platform to build loyalty and tailor solutions to customer demands.Fortunately, such a scheme is now possible with the Revain Platform where users can see and submit feedback about projects that interest them.Achieving a Loyal Customer BaseForbes notes in its article, 15 Ways To Increase Brand Loyalty And Retain Your Customer Base, “The Pareto Principle states that 80% of your company’s future revenue will come from 20% of your current customer base, making it imperative that you focus on creating loyal, repeat customers that will continue to frequent your business.”Achieving a loyal customer base requires a genuine commitment to services offered and the quality of products supplied. It involves knowing the needs of your customers, offering them products tailored to their needs, and giving superb customer service. It entails engaging with customers and responding to their feedback.Creating a Branded Ecosystem with E-commerce CurrenciesSome big companies have been able to establish so-called “ecosystems” by presenting customers with a wide array of product choices and making the customer experience more efficient — a system which is proving to be a successful approach worldwide. Further, as e-commerce is overtaking the retail environment, it is becoming more important for online merchants to offer customers the flexibility to pay for services and products in their local currency.Supporting multiple e-commerce currencies can motivate in-app purchases that facilitate the creation of a branded ecosystem. The thought is that becoming a branded ecosystem will lead to customer loyalty. Cryptocurrency’s nature is such that it could streamline this process given that it allows for simplified and easier transactions. This is where Revain comes in.How Can Revain’s Review Platform Help?Revain is a review platform based on blockchain technology. The staple of blockchain technology is that any transaction that takes place is recorded in a public ledger. The transaction (review) is immutable, permanent, secure, time-stamped, and can be easily verified. Therefore, all reviews conducted on the Revain Platform can be trusted as authentic. On the Revain Platform, users can access project (company) feedback and use the information to aid in their purchasing decisions. In addition, they can share their own feedback and earn tokens for quality reviews.Revain utilises a unique feature consisting of two tokens, both are required for the system to function properly. Quality reviews are rewarded with Revain’s internal RVN token, funded by the project (company). The RVN token can then be exchanged for Revain’s R token which can be redeemed on many cryptocurrency exchange platforms. The two-token system creates a stable token value.The main objective of the token system is to give users and Revain Platform projects the opportunity to take part in the platform’s community. It allows users to earn tokens by creating quality reviews, while “projects” can interact with their audience. All interactions between users and projects are based on an approach, where:Users are rewarded for quality reviewsCompanies are debited in tokens for written reviewsCompanies are penalised for deliberate unconstructive moderation of reviewsUsers are penalised for noncompliance with the rules of the platformThis protects against abuse of the system in the form of spam or frivolous reviews.Revain notes that “we are already in the planning and negotiating stage about some interesting new markets.” E-commerce is listed as a promising opportunity. In the e-commerce application, brands and companies would become “projects” on the Platform where users will be able to review their products/services and earn tokens via the reward system.Given the simplified and streamlined technology that the Revain Platform is built on, the current problems with loyalty programmes could be minimised or alleviated altogether. Companies would be provided with current, verifiable, trustworthy reviews that can shape their business practices and lead to increased profits. Customers would receive incentives to write quality reviews, and then be able to exchange the tokens for cryptocurrency from within the same platform.A network of similar businesses sharing the same Platform has the potential to create a huge marketplace where customers exchange opinions and reward currencies.In the highly competitive and ever-changing world of retail and e-commerce, relevant and innovative ideas will keep companies in the forefront of developing a branded ecosystem. Conventional loyalty programmes are losing their appeal. Retaining a loyal customer base demands out-of-the-box ideas and solutions. Using crypto tokens as loyalty points may just be the solution necessary to reinvigorate loyalty programmes.Join us!|Telegram | Bitcointalk | Facebook | Twitter | Reddit | Website | Slack|Blockchain in Retail: Crypto tokens as Loyalty Points was originally published in Revain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Revain

19. 01. 03

Transaction History
Transaction History Market Market Transaction volume Address
DragonEx R/USDT 56.45 79,547,466.99 Short cut
BitForex R/USDT 58.54 52,051,269.97 Short cut
BITKER R/BTC 91.07 47,853,375.84 Short cut
DigiFinex R/BTC 56.34 40,241,088.22 Short cut
Kucoin R/USDT 57.20 30,313,235.57 Short cut
BTC-Alpha R/USDT 55.99 24,461,297.92 Short cut
MERCATOX R/BTC 58.01 11,853,081.25 Short cut
HitBTC R/BTC 49.38 6,684,640.97 Short cut
Coinbit R/KRW 127.00 2,709,815.56 Short cut
LiveCoin R/BTC 48.21 243,801.88 Short cut
STEX R/USDT 56.18 61,769.17 Short cut
ABCC R/USDT 55.59 28,291.37 Short cut
OKEx R/ETH 102.03 0.00 Short cut
YObit R/BTC 48.05 0.00 Short cut
CoinExchange To be provided later To be provided later To be provided later Short cut
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Information
Platform ERC20
Accepting
Hard cap -
Audit -
Stage -
Location -
Market of major crypto coins *2019년 12월 16일 last update

Bitcoin

BTC

8,390,762.77 KRW 0.20%

Ethereum

ETH

168,453.24 KRW 0.42%

Ripple

XRP

256.30 KRW 0.21%

Tether

USDT

1,181.29 KRW 0.03%

Bitcoin Cash

BCH

243,774.34 KRW 0.00%

Litecoin

LTC

54,759.09 KRW 0.54%

EOS

EOS

3,024.68 KRW 0.41%

Binance Coin

BNB

17,038.36 KRW 0.18%

Bitcoin SV

BSV

109,436.57 KRW 0.16%

Tezos

XTZ

2,007.60 KRW 2.01%

Stellar

XLM

60.71 KRW 0.37%

Cardano

ADA

42.61 KRW 0.03%

TRON

TRX

16.52 KRW 0.26%

Monero

XMR

60,073.69 KRW 0.96%

Huobi Token

HT

3,195.21 KRW 0.26%

NEO

NEO

10,386.87 KRW 0.12%

Maker

MKR

585,549.26 KRW 2.10%

USD Coin

USDC

1,183.30 KRW 0.04%

Dash

DASH

58,730.61 KRW 0.07%

Ethereum Classic

ETC

4,483.05 KRW 0.43%