OKEx Announces Upcoming Launch of IEO Platform “OK Jumpstart”

IEO serves similarly to the Initial Coin Offering (ICO) — both allows selling tokens to finance early-stage projects, however, the key difference is that …

MALTA, March 12, 2019 /PRNewswire/ — OKEx announced that a brand-new IEO (initial exchange offering) platform will soon be launched. Named “OK Jumpstart”, the new platform aims to incubate high-potential projects and support early entrepreneurs.

OKEx Announced Upcoming Launch of IEO Platform "OK Jumpstart"

OKEx Upcoming Launch of IEO Platform “OK Jumpstart”

OKEx began its research on different token launch methods since July 2018 when the OKNodes platform was launched. For high-quality projects and early entrepreneurs, it is believed that the IEO model is an ideal method for them to kick-start. By saving the time and resources for getting listed on exchanges, project teams will be able to focus on project development and community management.

As a trailblazer in the blockchain industry, OKEx is committed to facilitating the development of blockchain technology and projects. After a comprehensive evaluation of related regulations worldwide, OKEx finally came up with “OK Jumpstart” as a compliant IEO platform. With the technology and services required ready, OKEx is ready to roll out the platform in the soonest future.

“We are happy to launch OK Jumpstart as our own IEO platform. I believe the IEO model will bring considerable advantages to both the exchange and project developers, particularly start-ups can conduct their launching process easier and more streamlined,” said Andy Cheung, Head of Operations of OKEx. “In view of the demand for IEO growing so fast, 2019 will be the year of IEO, and we expect to see more innovative projects be hatched from this platform.”

More details about OK Jumpstart will be announced shortly. Please stay tuned for updates.

What is Initial Exchange Offering (IEO)?

IEO serves similarly to the Initial Coin Offering (ICO) both allows selling tokens to finance early-stage projects, however, the key difference is that both the project developer and the investors facilitate their transactions through a third party a reliable exchange. The exchange acts as a guarantor and conducts a project due diligence check on the project team. Having IEO to streamline the process, developers are no longer required to perform KYC verifications. Indeed, it can bring about widespread publicity and a quicker listing process.

About OKEx

OKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital assets trading services including token trading, futures trading, perpetual swap trading and index tracker to global traders with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies. The platform provides a safe, reliable, and stable environment for digital asset trading, serving millions of customers from over 200 countries and regions.

OKEx Logo (PRNewsfoto/OKEx)

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UK Energy Supply Company Invests in Blockchain Firm

Electron is a London-based energy technology company, that is combining distributed ledger technology with energy expertise to design and build …

One of the largest United Kingdom energy supply company, OVO, has announced a strategic investment in Electron, an energy technology company that leverages blockchain, the official announcement states.

Electron is a London-based energy technology company, that is combining distributed ledger technology with energy expertise to design and build digital infrastructure for the energy industry.

According to the announcement, Electron will use the proceeds of investments from OVO’s blockchain arm called Kaluza to accelerate the development and deployment of its energy platforms and systems – namely its distributed flexibility marketplace.

The head of Kaluza, Stephen Fitzpatrick, says the company is delighted to be supporting the Electron team “who have built great technology that’s fast becoming an important part of the energy system.”

Earlier, Chevron, Total and Reliance joined a group of oil and gas companies — such as BP and Royal Dutch Shell, among others — in Vakt, a digital platform for crude oil trading based on the blockchain technology.

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Where is Blockchain Really Used? Nowhere! Study Shows 0% Success Rate

A Blockchain Study Finds 0.00% Blockchain Success Rate. The study reported also reported 0 vendor call backs when asked for evidence of …

Though Blockchain has been touted as the answer to everything, a study of 43 solutions advanced in the international development sector has found exactly no evidence of success.

Three practitioners including erstwhile blockchain enthusiast John Burg, a Fellow at the US Agency for International Development (USAID), looked at instances of the distributed crypto ledger being used in a wide range of situations by NGOs, contractors and agencies. But they drew a complete blank.

“We found a proliferation of press releases, white papers, and persuasively written articles,” Burg et al wrote on Thursday. “However, we found no documentation or evidence of the results blockchain was purported to have achieved in these claims. We also did not find lessons learned or practical insights, as are available for other technologies in development.”

Blockchain vendors were keen to puff the merits of the technology, but when the three asked for proof of success in the field, it all went very quiet.

“We fared no better when we reached out directly to several blockchain firms, via email, phone, and in person. Not one was willing to share data on program results, MERL [monitoring, evaluation, research and learning] processes, or adaptive management for potential scale-up. Despite all the hype about how blockchain will bring unheralded transparency to processes and operations in low-trust environments, the industry is itself opaque.”

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Another Esteemed College Joins the Bitcoin League

So Zilliqa, a through-put public blockchain platform is partnering with KCL Blockchain in this adventure. This free, four-week long workshops are part …

King’s College is one of the most renowned universities across the globe and they too are big contenders of crypto. Well, not entirely them but the credit goes to King’s College’s Blockchain Society, KCL Blockchain. This educational group has decided to launch a new program called Blockchain A-Z. The best part is that it is a student-run society!

So Zilliqa, a through-put public blockchain platform is partnering with KCL Blockchain in this adventure. This free, four-week long workshops are part of Zilliqa’s ongoing education outreach initiatives.

The platform brings together students from various departments, such as business, engineering and law, with an aim to integrate the financial and technical aspects of the blockchain technology. This will bring out blockchain’s true potential and present us with different use cases for it.

Blockchain is open to enroll students at KCL and the sessions will commence from March 26, 2019.

Blockchain education is essential in securing a sustainable future for the wider industry. With Zilliqa’s roots in academic research, Blockchain A-Z enables us to not only give back to academia but to also engage with the next-generation of talent and equip them with the necessary knowledge and resources to bring their ideas to life. We are thrilled to kick off Zilliqa’s A-Z series with King’s College London, as a world-leading university and one of the oldest in the UK, it is inspiring to see the students, staff, and alumni embrace this emerging technology at such a pivotal time for the industry,” exclaimed Xinshu Dong, CEO and Co-Founder of Zilliqa.

The team includes Zilliqa Developer marketing lead, Saiba Kataruka, at KCL, a former University of Oxford graduate. He will be responsible for leading Zilliqa’s global blockchain education initiatives for students and experienced developers.

In a conference he said that he was very excited to be working on this where he gets the opportunity to engage with a creative community that are open to new ideas and think out of the box. He promised that this is something for everyone, beginners and experienced, both will get to learn a lot from this initiative.

Blockchain A-Z is designed in a way that will provide participants with hands-on experience through the many elements of blockchain application. They will be dealing with the business as well as the technical side. They will not only realize the potential this technology has but also unpack it’s limitations that hinder it’s mainstream adoption.

The program is limited as of yet because they will only be catering 30-50 students. So make sure you hurry and sign up if you want to expand your horizons. But it is worth the hassle because Zilliqa is also inviting students participating in Blockchain A-Z to apply for their Ecosystem Grant Program which has a grand pool of $5 million USD.

Blockchain A-Z welcomes all interested KCL students to participate. For more information and to register your interest, please visit Blockchain A-Z on Eventbrite.

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Major UK Energy Company Acquires Stake in Blockchain Firm Electron

Major United Kingdom energy company OVO has invested in blockchain firm Electron through its recently launched technology division, Kaluza.

Major United Kingdomenergy company OVO has invested in blockchain firm Electron through its recently launched technology division, Kaluza. The development was announced in an OVO blog post published on March 12.

Kaluza — an intelligent grid technology company that provides software and hardware products to the energy sector — has reportedly made an investment in Electron, a London-based energy tech company that uses blockchain technology. The move aims to facilitate Electron’s deployment of distributed energy trading platforms.

Electron will purportedly use the proceeds of the investment to develop its energy platforms and systems, or its distributed flexibility marketplace. “The development of Electron’s shared asset register will be crucial to supporting the growth of Kaluza and deliver on its mission to securely connect all devices to an intelligent zero-carbon grid,” the post explains.

The new investment from OVO is reportedly the first since Mitsubishi acquired a 20 percent stake in the firm. OVO is reportedly the seventh largest energy supplier in the U.K.

Blockchain has seen multiple applications in the energy sector globally. Earlier in March, Thai petroleum refining firm Bangchak Corporation Public Co. Limited (BCP) began testing a blockchain-based energy trading platform and commercial microgrid. The platform will support the basic electricity needs of an average BCP fuel station in addition to generating, distributing and storing energy for neighboring shopping mall tenants.

Last month, Japan’s solar power supplier Kyocera partnered with LO3 Energy to test blockchain-based virtual power plants (VPP) for improved energy distribution. The test will allow the companies to evaluate the the feasibility of VPPs that promote low-carbon use without fuels or carbon emissions based on peer-to-peer distributed consensus network.

According to recent research from Infoholic Research LLP, the global blockchain in energy utilities market is expected to grow by 60 percent by 2024. The market was assessed to be $210.4 million in 2018, and is expected to reach $3.4 billion by 2024. Infoholic Research predicts the growth at a compound annual growth rate of 59.4 percent from 2018 to 2024.

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