Ternio and Distributed Ledger form DLT Ventures JV for media, banking and telecom

DLT Ventures is the newly formed joint venture (JV) between Ternio and Distributed Ledger. Its objective is to develop and deploy applications for …

DLI 800x450DLT Ventures is the newly formed joint venture (JV) between Ternio and Distributed Ledger. Its objective is to develop and deploy applications for major international-based enterprises (those exceeding $50B in annual sales) in the media, banking and telecom industries. The JV will exploit the development and resource infrastructure of Distributed Ledger as well as the scalable framework and domain expertise of Ternio.

Daniel Gouldman, CEO of Ternio
Daniel Gouldman, CEO of Ternio

We spent a lot of time with Distributed Ledger meeting and exploring the collection of ways we could work together,” said Daniel Gouldman, CEO of Ternio. “It quickly became apparent that the synergies we shared with Mike and his team at Distributed Ledger, JMF Solutions and Wavefly were tremendous.

DLT Ventures

DLT Ventures will design, build and deploy scalable blockchain applications for large, international-based organisations. These blockchain applications will seek to address common pain points for such business, including:

  • supply chain transparency
  • instant payment of remittances
  • secure data storage.

The thinking behind the JV is that blockchain, while the focus for many organisations:

  • remains a nascent technology
  • has a steep learning curve
  • does not always deliver a recognisable or immediate value.
Mike Francis, CEO of Distributed Ledger
Mike Francis, CEO of Distributed Ledger

DLT Ventures aspiration is to provide a base of experience along with relevant resources which enterprises and governments can use to deploy blockchain in real-world scenarios. This end effect should be improved efficiency plus quantifiable cost savings.

Having seen Ternio’s technology firsthand it was clear they were the ideal partner for this venture,” said Mike Francis, CEO of Distributed Ledger. “Combining Ternio’s scalable framework with Distributed Ledger’s front- and back-end resources will lead to better trust, data accuracy, transaction times, scalability and security for our clients.

Ternio and Distributed Ledger Inc.

Ternio describes its mission as being to accelerate the use of blockchain and cryptocurrency in everyday life. Lexicon, created by Ternio, is a high-speed blockchain framework for enterprise and government clients, which it says is capable of exceeding 1M tps (all on chain).

Distributed Ledger Inc. (DLI) was founded to utilise blockchain technologies and solve broad-based problems which traditional institutions find difficult or impossible. Such solutions have to solve networking and database problems, especially those associated with:

  • trust
  • cost
  • data accuracy
  • transaction times
  • scaleability
  • security.

DLI designs and builds enterprise blockchain infrastructure. It creates distributed applications as well as investing in cryptocurrencies and those technologies where it see commercial purpose and potential. Its industry coverage spans:

  • banking
  • medical/healthcare
  • pharmaceutical
  • heavy industry
  • transportation/shipping
  • logistics/supply chain
  • defence
  • municipalities
  • record recording
  • manufacturing
  • the Internet of Things.

Enterprise Times: what does this mean

Thus far there is little to know about DLT Ventures. It is, after all, new though locating it in Wyoming is puzzling. Nevertheless, its ambitions are clear: media, banking and telecom are all large, juicy targets. In addition, its analysis that blockchain can be frustrating, is accurate. If it can satisfy such large ‘beasts’ it should do well.

Ternio says that Lexicon, its high-speed blockchain framework for enterprise and government clients, is capable of exceeding 1M tps (all on chain). On its web site it has an “audit certificate“. Though this audit certificate is a welcome difference with other would-be high speed blockchains (q.v. EduHash, Devvio, Bitconch, GoChain, Constellation, #Metahash, Trustchain, Toda-Algorand and more), reading this specific certificate does not impress. Enterprise Times would have liked to know more about the methodology as well as results in order to make an assessment of the value of the certificate.

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Crypto Pioneer Peter Todd Says Bitcoin’s Smart Contacts Are Most Effective At Bitcoin Expo 2019

“Bitcoin, in production, is the most successful smart contract platform because it is very simple. Because it relies on very simple things and very clearly …
Crypto-Pioneer-Peter-Todd-Says-Bitcoins-Smart-Contacts-are-Most-Effective-at-Bitcoin-Expo-2019Crypto-Pioneer-Peter-Todd-Says-Bitcoins-Smart-Contacts-are-Most-Effective-at-Bitcoin-Expo-2019

Bitcoin Core Engineer Peter Todd Thinks That Bitcoin Is The Most Successful Smart Contract

The MIT Bitcoin Club had held the 6th Annual Expo to be held on March 9th and 10th, 2019 at MIT. Peter Todd, a prominent Bitcoin Core Engineer spoke about Bitcoin being an effective smart contract platform.

https://twitter.com/BitcoinMagazine/status/1104739670439723011

He talked about other EOS and other smart contracting platforms that are permissionless in nature. Todd notes that most of these smart contracting platforms use only mediocre technology.

He stated:

“Bitcoin, in production, is the most successful smart contract platform because it is very simple. Because it relies on very simple things and very clearly which actually works. I talk with smart smart contracts have extensionally legal contracts but the important thing is to have a contract which you can enforce with technology.”

Smart contracts are computer programs stored in a blockchain. They can be used to automate the unstoppable transfer of crypto-tokens between users, according to agreed-upon conditions. The Bitcoin protocol can be used to create smart contracts. Bitcoin provides the ideal mix of smart contract functionality — enough to make smart contracts easy to implement but without the security and privacy risks of a more complicated platform like Ethereum.

As the Bitcoin protocol has evolved, it has gained support for smart contracts. Smart contract functionality is not as programmable and extensible on Bitcoin as it is on Ethereum. However, using features added to Bitcoin through improvement proposals, certain smart contract functionality can be achieved through Bitcoin scripting.

There are many dozens of Bitcoin-based blockchain projects out there, but most are simply building cryptocurrencies forked from Bitcoin. They’re not taking advantage of Bitcoin’s potential to create the foundation for a completely decentralized platform that supports a multitude of DApps and programmable functionality.

Ethereum Classic Price Changed by 1.14 percent

At the same time Ethereum Classic ETC/BTC on Bitfinex exchange is 4.26. The trading volume on Bitfinex is 108648.11. Ethereum Classic ETC/KRW …

As at 2019-03-12 average Ethereum Classic price is 4.29604404 USD, 0.00109930 BTC, 0.03201844 ETH.

Ethereum Classic ETC/IDR on Indodax (Bitcoin Indonesia) exchange is 4.35. The trading volume on Indodax (Bitcoin Indonesia) is 29395.34.

At the same time Ethereum Classic ETC/BTC on Bitfinex exchange is 4.26. The trading volume on Bitfinex is 108648.11.

Ethereum Classic ETC/KRW on Bithumb exchange is 4.22. The trading volume on Bithumb is 409934.75.

Ethereum Classic ETC/BTC on C-CEX exchange is 4.92. The trading volume on C-CEX is 0.00.

Ethereum Classic ETC/BTC on Coinexchange exchange is 4.24. The trading volume on Coinexchange is 2689.49.

It’s noteworthy that is issued into circulation Ethereum Classic.

Ethereum Classic average change within 24 hour is 1.14 against USD, 0.78 against BTC, 0.55 against ETH. Weekly report: -0.12 against USD, -0.79 against BTC, 1.86 against ETH. Monthly report: 6.22 against USD, -0.88 against BTC, -6.36 against ETH.

In this regard, 24 hour trading volume is 126936392.28193000 USD or 32481.31879848 BTC. At the same time Ethereum Classic market capitalization is 467898507 USD or $119728 BTC.

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From March 11-12 Genaro Network (GNX) has declined more than -0.62%

Genaro Network is an Ethereum-based storage network, providing blockchain developers a one-stop solution to deploy smart contracts and store data …

It was bad day for Genaro Network (GNX), as it declined by $-0.000115046099999998 or -0.62%, touching $0.0182923299. Cryptocoin Experts believe that Genaro Network (GNX) is looking for the $0.02012156289 goal. According to 3 analysts could reach $0.0279269814491712. The highest price was $0.0190209552 and lowest of $0.0172952637 for March 11-12. The open was $0.018407376. It last traded at OKEX exchange.

For a month, Genaro Network (GNX) tokens went up 11.06% from $0.01647 for coin. For 100 days GNX is down -21.19% from $0.02321. It traded at $0.0636 200 days ago. Genaro Network (GNX) has 650.00M coins mined with the market cap $11.89M. It has 675.00 million coins in circulation. It was founded on 28/09/2017. The Crypto GNX has proof type and operates under algorithm.

Genaro Network is an Ethereum-based storage network, providing blockchain developers a one-stop solution to deploy smart contracts and store data simultaneously.

One of the major components of the Hub is the Genaro Accelerator, a resident incubation and acceleration platform that supports the creation of the DAPPS that utilize the Genaro Network. It provides mentorship, technical expertise, marketing support, and community funding to allow the teams and projects to grow.

GNX is an ERC20 token that powers Genaro Network.

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Ripple Announces $100 Million Blockchain Gaming Fund with Forte

The company behind the XRP digital currency has announced plans to integrate blockchain technology with video gaming. To facilitate development …

The company behind the XRP digital currency has announced plans to integrate blockchain technology with video gaming. To facilitate development on the project Ripple will be working with Forte, a startup founded this year and backed by Coinbase Ventures, Battery Ventures, and other prominent Silicon Valley investors.

Amongst other things the goal of the project will be to bring greater efficiency to in-game marketplaces using blockchain technology. The current methods used by players to trade in-game assets are often legally questionable and sales take place using third-party services such as eBay.

Ripple to Move into the Gaming Industry

Broadening their horizons beyond strictly the financial sphere, digital currency company Ripple has announced intentions to move into the video gaming industry. The firm behind the divisive XRP currency has announced that it will be working with San Francisco-based Forte to pursue the development of marketplaces to allow for the sale of scarce digital items found in many games.

As part of the effort to move into gaming, Ripple has announced a $100 million fund. This will be distributed to game developers of titles with more than 50,000 active users. According to a report in Fortune, a senior executive at Ripple’s Xpring development department, Ethan Beard, stated that these payments would be made in XRP and could be millions of dollars each.

Beard went on to comment on the integration of blockchain technology with video games:

“Video games have long been quick to adopt new technology, from console to the PC to mobile. Now, blockchain will help game designers who’ve had a hard time facilitating an economy that can serve all types of players.”

Games like World of Warcraft lack built-in marketplaces to trade rare items.

The premise of a marketplace for trading digital items within a game has already been tried a few times previously but with little lasting success. Perhaps most famous was the example of CryptoKitties, a collectable game built on the Ethereum network in which players had to collect digital cats.

The game proved highly popular initially and some of the rarest felines traded for thousands of dollars. However, it also served to highlight the shortcomings of the Ethereum network itself. At the height of CryptoKitties’s popularity, the number of transactions associated with the game contributed heavily to a huge transaction backlog at the end of 2017.

Former Facebook executive and current Chief Platform Executive of Forte, Brett Seyer, had the following to say about taking the idea demonstrated by CryptoKitties steps further:

“CryptoKitties introduced what a blockchain could do. It showed the benefit of having a public record of transactions people could trust, and how an in-game economy is well suited to blockchain.”

A similar effort was made by Major League Baseball. The professional sporting association created MLB Crypto last year. However, like CryptoKitties, it has remained niche owing to technical barriers to entry associated with running Ethereum dApps.

Examples such a CryptoKitties and MLB crypto provide reasonable proof-of-concept but being entirely one dimensional in gameplay, they lack the kind of widespread appeal of more popular existing titles. We can infer from the fact that Ripple has mentioned would-be recipients of shares of the $100 million developer fund need to have active user bases that it will be targeting established franchises for blockchain integration, rather than attempting to build games from the ground up. This could see another widespread use case for the much-hyped technology.

Related Reading:Can Ethereum’s ERC721 Standard Reshape the Blockchain Gaming Industry?

Featured Images from Shutterstock.

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