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SaaS platform FiO finds success at Singapore FinTech Week 2019

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Disruptive SaaS business FiO, a blockchain-onboarding platform for conventional businesses, was in full attendance at Singapore’s recent FinTech Week, where its senior team met with new potential partners and investors.

The company successfully met its agenda objectives that included fundraising, brand-building, networking with attendees and patent registration.

FiO CEO George Chu held scheduled meetings with high-profile investors such as True Global Ventures, during which his business development team demonstrated FiO’s unique SaaS platform that targets traditional enterprises looking to integrate blockchain.

Partly developed on IBM Hyperledger technology, the unique platform offers a simple, non-technical SaaS tool to help businesses decentralize their operations and create distributed ledger applications at their own speed without the need to understand blockchain technology.

FiO’s comprehensive revenue model includes affordable tiered and Pay-as-You-Go (PAYG) subscriptions to fit all enterprises. In addition, its customized data premium services target potential markets in accounts receivable (AR) financing, third-party payment procession, intellectual property management, and luxury goods provenance.

Mr. Chu also met up with the company’s legal advisors at Taylor Vinters Via at Gateway to advance FiO’s pending patents.

Elsewhere in Singapore, FiO Chief Technology Officer Kaede Tai met with AWS and permissioned blockchain platform Corda to discuss possible technical partnerships. The FiO team also met face-to-face with several projects not yet deployed on blockchain, explaining FiO’s core benefits to them, with across-the-board positive feedback.

FiO allows its users to connect to many different blockchains, both permissioned and public, through multi-cross chain technology without the need to select only one blockchain. In the future, developers can utilize the company’s platform to create their own blockchain products and share in their revenue.

Sitt Guruvanich, FiO’s Senior Technology & Architecture Director, networked extensively at the blockchain week’s flagship events such as The Capital, meeting with Magespire, Bank of Singapore, R3 Bootcamp and Korean investors.

After the week’s conclusion, CEO Mr. Chu stated:

“We are buoyed by the positive response from new potential investors and partners in Singapore. Based on feedback and current follow-up discussions, we will likely make a few big announcements in early 2020.”

Overall, this augurs well for the company’s ambitious roadmap next year. FiO earned a reported USD 2.7 million in revenue from 12 clients in 9 industries so far in 2019, with pipelines in place for 2020.

Blockchain

Decentralized science can be the next big thing for blockchain utilization

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Decentralized science leverages blockchain’s decentralized ledger technology to address common challenges faced by researchers, including data integrity, reproducibility, and collaboration. By recording scientific data and research findings on a tamper-proof blockchain, researchers can ensure the integrity and authenticity of their work, reducing the risk of data manipulation or fraud.

Moreover, blockchain enables transparent and traceable peer review processes, allowing researchers to validate and verify each other’s work more effectively. This enhances the credibility and reliability of scientific publications, fostering trust within the scientific community and among the general public.

Blockchain-based platforms also facilitate greater collaboration and knowledge sharing among researchers, breaking down traditional barriers to access and enabling interdisciplinary collaboration. Through decentralized science platforms, researchers can securely share data, resources, and expertise, accelerating the pace of scientific discovery and innovation.

Despite its potential benefits, decentralized science still faces challenges, including regulatory uncertainties, technological barriers, and resistance to change within the scientific community. However, as blockchain technology continues to evolve and gain acceptance, decentralized science is poised to emerge as a transformative force in scientific research and collaboration.

Source: cointelegraph.com

The post Decentralized science can be the next big thing for blockchain utilization appeared first on HIPTHER Alerts.

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Blockchain

How blockchain-based voting can restore trust in the electoral process

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In this article we’re discussing the potential of blockchain-based voting systems to rebuild trust in electoral processes. These systems leverage blockchain technology’s transparency and immutability to address concerns surrounding election integrity and voter fraud.

Blockchain-based voting solutions offer several advantages over traditional methods, including increased transparency, security, and accessibility. By recording votes on a decentralized ledger, blockchain ensures that each vote is securely stored and tamper-proof, reducing the risk of manipulation or fraud.

Moreover, blockchain-based voting systems can enhance voter participation by providing greater accessibility to remote and disenfranchised populations. Through secure digital platforms, voters can cast their ballots from anywhere, reducing barriers to participation and promoting inclusivity.

Despite the potential benefits, the adoption of blockchain-based voting systems faces challenges, including regulatory hurdles and technological limitations. Governments and electoral authorities must navigate these obstacles to implement effective and trustworthy voting solutions.

Overall, the article highlights the transformative potential of blockchain technology in restoring trust and integrity to electoral processes. By embracing innovative voting systems built on blockchain, societies can uphold democratic principles and ensure fair and transparent elections.

Source: tradingview.com

The post How blockchain-based voting can restore trust in the electoral process appeared first on HIPTHER Alerts.

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Blockchain

Binance Integrates USD Coin (USDC) on CELO Network

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Binance has announced the integration of USD Coin (USDC) onto the Celo network, marking a significant step forward in expanding the utility and accessibility of USDC within the cryptocurrency ecosystem.

This integration enables users to seamlessly transfer USDC tokens across the Celo network, leveraging its high-speed and low-cost transactions. By integrating USDC on Celo, Binance aims to enhance the interoperability and accessibility of USDC, making it easier for users to engage with decentralized finance (DeFi) applications and access financial services on the Celo network.

USDC is a stablecoin pegged to the US dollar, offering users a reliable and transparent means of transacting value on the blockchain. With its integration on the Celo network, USDC gains access to Celo’s ecosystem of decentralized applications (DApps) and services, further expanding its utility and adoption.

The collaboration between Binance, USDC, and Celo underscores the growing importance of interoperability and cross-chain compatibility within the cryptocurrency space. By leveraging the strengths of each network, users can benefit from enhanced liquidity, accessibility, and functionality when using USDC on the Celo network.

Overall, the integration of USDC on the Celo network represents a significant milestone in advancing the capabilities of stablecoins and decentralized finance, providing users with greater flexibility and choice in managing their digital assets.

Source: blockchain.news

The post Binance Integrates USD Coin (USDC) on CELO Network appeared first on HIPTHER Alerts.

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