Blockchain Foundry Inc. and Syscoin has big plans on e-commerce benefiting from blockchain technology

New article appeared on The Merkle announcing that Blockchain Foundry Inc. has some big plans:

Blockchain solutions are not all that difficult to come by these days. At the same time, there is always a demand for more developments efforts. Blockchain Foundry Inc, announced their plans to bring distributed ledger solutions to enterprises and consumers. Particularly the e-commerce industry can benefit a lot from blockchain. 

 Dan Wasyluk, President and CEO of Blockchain Foundry, stated: 

We are excited to announce the formation of Blockchain Foundry and are working hard to complete the Blockmarket platform as expeditiously as possible. In tandem with our product initiatives, we have added additional talent to our team aimed specifically at raising capital to bolster our development resources and accelerate the realization of our vision to be a leading blockchain services company.

Syscoin is the first Blockchain Foundry Inc. initiative though the company, based in Canada, has plans with Ethereum and Lisk. Syscoin will, definitely, would benefit from this partnership. Establishing on e-commerce platform functioning on blockchain is innovative approach towards trading in 21st century. 

Blockmarket is sceduled in late 2016

Blockmarket represents Blockchain Foundry's first public product offering and will be immediately available on the Microsoft Azure Marketplace upon launch. Blockmarket is a browser-based experience that allows users to leverage the power of Syscoin's blockchain-based marketplace without having to know anything about blockchain technology. Blockmarket leverages the innovations in Blockchain Foundry's Syscoin project to remove the middlemen from the buying and selling process giving buyers and sellers a true peer to peer marketplace, resulting in substantially lower costs with 100% uptime, redundancy, and security built-in. 

This makes  Syscoin like eBay stores or "Buy it Now" listings, except with a payment and escrow system built-in: https://cointelegraph.com/news/syscoin-is-like-ebay-interview-with-developer-of-decentralized-marketplace-cryptocurrency

Read more about Blockchain Foundry Inc. and Syscoin cooperation clicking on links below:

http://themerkle.com/blockchain-foundry-will-focus-on-distributed-ledgers-for-e-commerce/

http://syscoin.org/introducing-blockchain-foundry-means-syscoin/

http://www.blockchainfoundry.co/press-releases Advertise with Anonymous Ads

Concerns on Bitcoin Privacy Weaknesses expressed by Bitfury research

Bitfury issued new research on Bitcoin and privacy: Bitcoin is a widely used pseudo-anonymous cryptocurrency. Information about all transactions is stored in the public domain, whereas connections between transacting entities in the Bitcoin network and corresponding real-world entities are private. It is possible to reduce anonymity of the currency by analyzing history of operations and flow of funds using additional information (such as some facts that Bitcoin users have disclosed themselves). Therefore, additional measures to obfuscate transaction history (tangling) are popular among the network users. There are two basic approaches for such tangling: shared send and shared coin mixers. In the paper, the concept of shared send transactions untangling is formalized. We prove NPcompleteness of the shared send mixers detection problem and propose a number of practical modifications to the problem. Finally, we provide the results of our computational experiments to detect mixing schemes.

MaidSafe rebuilding secure decentralised internet with BnkToTheFuture equity fundraising

MaidSafe's funding begins on 12th September and runs for 30 days. The target is £1.75m-£2m which will be received in sterling and bitcoin. Nick Lambert, chief operating officer, MaidSafe told IBTimes UK: "This is a raise for equity as opposed to a coin sale. It's most certainly not crowdfunding.

http://www.ibtimes.co.uk/maidsafe-rebuilding-secure-decentralised-internet-bnktothefuture-equity-fundraising-1579724?utm_source=social&utm_medium=twitter&utm_campaign=/maidsafe-rebuilding-secure-decentralised-internet-bnktothefuture-equity-fundraising-1579724

UMBRA YOUR PRIVACY PLATFORM

Introduced by Shadowproject UMBRA is a full solution for privacy. 

UMBRA is designed to include the largest range of features, from communication to commerce. The platform is based on Shadow network, and use it for its private and untreacable currency. The platform also include an anonymous chat system, based on shadowchat, and later both, chat and currency, will be coupled to add an in-app decentralized market. 

Benefits of using UMBRA?

UMBRA has been made with a focus and an extreme care about User Experience.

It is designed to make certain actions that many thought too advanced for them as easy to access and use as possible, while still offering the same sophisticated features for the most tech-savy users. A special attention was paid to the setup process, and will soon be able to easily get you set up and connected to Tor or I2P.

You can buy, sell, trade, chat and leave nothing but shadow!

UMBRA uses ShadowCash as its underlying currency. It goes beyond other digital currencies to make transactions invisible to the public eye, but still nearly seamless for users, who can conduct their business privately anywhere in the world.
ShadowCash makes use of dual-key stealth address and ring signatures enabling easy and secure transactions. The blockchain is secure by a Proof-of-Stake protocol, users earn an annual 2% income on their SDC holdings when staking.

On the new platform two features of balances are implemented: public and private. 

Public balance is pseudo-anonymous and is used for staking.

Private balance is ShadowSend protected balance. 

Why now is a great opportunity to invest in Factom ?

As some of you already know, DHS S&T awarded $199,000 to Factom Inc. for its project titled, “Blockchain Software to Prove Integrity of Captured Data From Border Devices” through its Securing the Internet of Things (IoT), Solicitation Number: HSHQDC-16-R-00035. Factom proposed the project in response to the first call for proposals under the Silicon Valley Innovation Program (SVIP) Other Transaction Solicitation (OTS):
https://www.cryptocoinsnews.com/dhs-awards-millions-in-grants-to-blockchain-cybersecurity-projects/

Some experienced crypto traders discuss the impact of this grant to the future price of FCT:

Zerocash could be a good investment opportunity

Zerocash is a new cryptocurrency protocol that provides total privacy to its users. An enhanced version of the previous Zerocoin, it now allows full cryptocurrency usability.

The network should go live in the months ahead.

I strongly suggest that you read the material published here. It’s a great journey into the power of cryptography.

Anyhow, from an investment perspective, the new coin seems also promising.

• Its value proposition is strong. Total anonymity of digital transactions. Every Zerocash protocol user will be able to spend any amount of money without leaking information to third parties. Not the sending address, not the receiving address, not the value of the payment.
• Its developer team are world-class cryptographers.
• Due to smart implementations of the complex cryptography involved, transactions are light-weight and blocks will be confirmed in six minutes.
• A healthy community is gathering around the coin.
• Zerocoins (the currency native to the Zerocash protocol) can be minted out of bitcoins and bitcoin can be extracted back from zerocoins.

All the above give me no fear about technical issues arising once the network goes live.

Then comes the big point. Due to guaranteed total anonymity of digital transactions over the Zerocash network, it is easy to imagine the main use the market will have for this coin: dark web purchases of illicit goods.

Even in the global market cap of dark web illicit trade is difficult to estimate, already published research shows that the now defunct Silk Road made revenues of about $ 1.2 billion/year. The same research also shows that dark web black markets activity grew in the years following the Silk Road bust.

So, there is a potential huge demand for this new currency, both by vendors and by consumers of illicit goods trading on the dark web. The transition to the new currency could also be quite simple, since all people involved are already familiar with digital currency.

So, from an investment standpoint all pieces seem in place for a healthy profit. The only problem will be actually getting the coins. Since no ICO is scheduled on Zerocash, the only viable option for early adoption is mining. Luckily, news coming out of the Zerocash forum indicate no existing ASICs could be converted profitably to mine zerocoins. This gives the small, tech-savvy investor a good chance to arrange a CPU/GPU mining operation to get some coins early.

Join the cryptocurrency investment community:

http://palatineking.com/