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Kleros – The Justice Protocol Explained

CCN Every so often a blockchain project that comes along that knocks your socks off and Kleros may be just the that one. Steeped in intellectual concepts, Kleros delivers a decentralised organisation that promises fast, affordable and transparent justice for all. Given that we live in a time were justice is perceived to the preserve of the rich, this platform may very well change the world. Let’s start with the name and philosophical origins. Kleros derives from the Greek. Jury duty was much sought after in Ancient Greece and moreover paid. Citizens wishing to be picked for jury duty would submit tokens, called pinakions, into an allotment machine called a kleroterion. A justice officer would use a dice on the side of the machine eliminating random names with the remaining people selected. Fast forward into more recent history and consider the work of American economist Thomas Schelling. He set up an experiment where he asked students to rendezvous in New York without giving either party a time or place. The most popular choice selected was the information booth in Grand Central Station at noon. This introduced the concept of the Focal Point, often called the Schelling point, where people can […]

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FundRequest, Aiming To Monetize Open Software

CCN The open software community is a very special space. People are committed to open source as an ideology, a way of collaborating and a way of being. For many it is also a pastime or hobby to jump onto a platform like GitHub and start solving other people’s issues. There are downfalls, of course, sometimes solutions can be a long time coming. Waiting six months for a bug fix is not really ideal in a commercial operation. There is also the possibility of getting bad fixes or inelegant code. Given the open nature of the community it is hard to police and hard to determine quality. Having said that, the open source community has come on a long way in the past twenty years. Nowadays many commercial operations use multiple elements of open source in their overall systems. The overall quality is as good, if not better than proprietary software (think of all those super brains fixing common issues) and it is typically robust and secure. FundRequest is a project looking to propel open source to the next level – without compromising the core ethos of the community. The concept was originated by Karel Striegel, a Belgium IT entrepreneur.  […]

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Xtrade And Gimmer Form Trading Partnership

CCN Xtrade.io’s vision is to bring Wall Street Trading to the emerging Cryptocurrency markets. Before Christmas CCN interviewed Alexander Kravets on his new idea. An experienced trader with more than 20 years in the business, Kravets understood that for cryptotrading to be successful, it had to somehow mirror traditional trading. Today Kravets announces a new partnerhship with Gimmer, an existing decentralised automated cryptocurrency trading platform. XTRADE.IO will be bringing their expertise to further develop Gimmer’s back end systems. This will include building a unified FIX API to allow Gimmer users to execute strategies across multiple exchanges automatically as well as aggregated liquidity. Kravets says, ‘Gimmer is a pioneer in the retail algorithmic crypto market space and an ideal partner for leveraging XTRADE’s institutional grade infrastructure, single-portal API, and multi-market connectivity for market data and execution. By partnering with XTRADE.IO, Gimmer and their clients can expect higher fill rates, deeper liquidity across exchanges, greater opportunities for arbitrage, longer uptimes, and reduced latencies for multi-asset crypto execution’,’ he says. Using AI, Gimmer’s trading bots can execute deals quickly at the best possible price. Gimmer already has a working beta version and a crypto trading bot app that has been downloaded over 10,000 times. The […]

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Creating A Safe Haven For Crypto Investors

CCN The X8Currency ICO closed early. It reached its hard cap of €3.4million on Saturday, a full week before the closure date. Founder and CEO Gregor Koželj, whose voice is worn out through speaking so much, is very happy. His project, an ultimate safe haven for crypto investors, is a way to provide an alternative to the current financial system.   ‘I don’t want to replace the traditional financial systems,’ he explains.  ‘Replacing systems always involves too many hurdles, I want to transcend the current financial system – to offer a real alternative.’ Currency and its fluctuations played a big part on Koželj’s upbringing. Living in Slovenia, he witnessed the deflation of his native currency, the tolar – as a child his savings to purchase a bike were downgraded to only a tyre when the tolar lost its value – and he remembers the value of foreign currency when given as a present by visitors. ‘As a result I have always been fascinated by currency,’ he says. As a grownup he followed his passion and worked in trading and investment. As head of asset management for a major brokerage he started to notice some unusual results. ‘When working with large […]

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Blockchain And Traditional Industries – Where Is The Overlap?

CCN Everyone knows that blockchain is transformational but sometimes it is hard to get one’s head around how it can transform a traditional industry. Kyle Forkey, CEO of Ethmint, thinks he may have the answer. ‘Blockchain at its most simple has a very simple value proposition,’ he says. ‘It is a way to show ownership and can be a way to raise capital. That makes sense.’ He has a point. He is currently advising for Moria, an asset backed, ICO. The asset in question is a real life gold mine based in Colorado, US. The project, billed as the world’s first decentralised investment platform for the extraction of precious metals, looks to reward investors with annual premiums far in excess of normal investment terms, but maybe not as much as traditional crypto investors might wish for. Given the week that is in it, with the spectacular crashes in value across bitcoin and its alt mates, this might not be a bad thing. The mine is located in Colorado and is part of the ‘Gregory Lode’ once said to be the richest square mile on earth. Called the Bates Hunter Mine it extends over 35 acres of ground cover and consists of a […]

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