Today'sinsuranceindustry suffers from lack of transparency and misalignedincentives. Insurance companies will try to minimize payouts andmaximize profits.
So is there a way of winningback trust?
Well yes and this is perciselywhere Etherisc comes in. Etherisc is thefirst platform for decentralized insuranceworldwide and is committed to bringing backmutality into the insurance business.
Forthat purpose, we are developing the so called decentralizedinsurance protocol which is secure andaccessible to anyone.
We provide theground breaking opportunity to create and offer insuranceproducts for everybody.
Hang ona minute, that sounds all great you mightsay. But how does it work?
By utiilzingblockchain technology, Etherisc opensthe door to a whole range of safe, transparent and fairinsurance applications. With the help of blockchain,we make sure that the claims process ishighly automated and visibile to anyone.
By cutting outunnecessary intermediaries, we can reachsubstantially higher payouts. Becauseless cost means more payout. That's how insurance shouldbe.
We are directly tappinginto one of the biggest global markets. So can I try thisright now?
Well of course youcan. Etherisc has launched the flight delayedapp which has been successfully employed around the globeand already won more than 100 paying customers.
It isalso used as a prime example for the power of smartcontracts by blockchain educators worldwide.
So did we get you interested?
Then how can youparticipate?
Etheriscwill organize a DIP token generating event to raise thefunds for a Swiss foundation. By investing inthe tokens, you provide the base for an emerging decentralizedinsurance market.
Money,we alluse it, but what is it? We carry it aroundand exchange it for the stuff we need. And keep someback for a rainy day. We trust that one piece of money isthe same as any other. And we hope that what we have today isnot worth less than it was yesterday.
Becausemoney having to perform so many differentfunctions, it's no surprise that it has taken on so many differentforms.
As money evolves, wearrive at bitcoin. Created without a centralauthority is less vulnerable toissuance corruption than standard fiat money.
With this uniquecommissionless nature, it redefines what moneyis and what it can do. But it's not quiteperfect money.
Bitcoin's fixed supplycreates a speculative investmentand with that a money with a high degree ofvolatility.
DIA is a solution to that volatility. A cryptocurrencyusing collateral to back its value and interest ratemechanisms to stabilize its price.
DAI is created by locking collateral withMaker, a decentralized platform on the ethereumblockchain.
Together,currency collateralization and interest adjustmentsensure DIA has low volatilityagainst its external reference point, the US Dollar.
Brave software is introducingan innovative solution,blockchain based digital advertising.
Online advertising was once simpler, it consistedof advertisers, publishers and users.
Digital advertising has evolvedinto an opaque and inefficient marketplace.Publishers, advertisers and users are all being conned bythis system. It's hard to believe but we are paying to bebothered by ads, our mobile phone billis going toward all the bandwidth spent on ads andtrackers. Up to $23 a month according to the New York Times.
Popularmedia sites we've seen have as manyas 70 trackers calling out using your battery, slowing down thepage load and increasing data costs.
Users are now trying to protect themselves with ad blockingwhich is on over 600,000,000 phones and desktops and rising.
So werealized something needed to be done. Wethink the solution must involve a decentralizeddigital ad exchange based on theblockchain.
Brave is implementing this in stages. Ourfirst stage is already in the Brave browser whichblocks ads and trackers but also have a ledger systemfor rewarding sites based on user attention.
The second phaseis when we try to move towards adecentralized ad exchange and that must involvea new kind of currency for user attention, and that's theBasic Attention Token.
The token is derivedfrom and therefore denominates user attention. Attentionis really just focused mental engagement on anadvertisement, great content, on whatever the useris looking at.
The browser can anonymouslyand privately monitor your attention as youview pages in tabs and it can do this in a way thatis highly accurate and highly private.
Wethink this is essential to avoiding fraudand malvertising problems on the current ecosystem.
Publishers will receive tokens when are viewed,users also get a share for their attention if they choose to receive ads.From that share they can then donate back to publishersthey wish to support.
We also see publishersbeing paid in tokens able to use those tokens toaward users to promote their content.
And if theylike, they can chargefor premium content that is paid in tokens.
BAT shouldbecome a new standard that is used in theentire advertising ecosystem. We believe that thiscombination of blockchain, smart contractbrowser analytics and accountable open sourcecode and auditability is the future of advertisingon the internet.
Moderator: Up nextwe have Igor from POAcan you come over there? Jorge from Aragon.Let's welcome Jorse to the stage.
Jorge: OK. I'm Jorge Izqueierdo and we are building the world's firstdigital [inaudible].
Before we start talking aboutthat, we like to talk about this pyramidthat [inaudible] have been talking about for these.
As all the parts of the technology stack have beencommoditized, we think that there is onlygovernance that is not commoditized. And eventually wethink that crypto networks will make it or breakit, [inaudible]
Bad governance is very, very hard and when governance fails in thereal world, bad stuff happens.
We have this example in my home countryin Spain with the Catalonia thing. We haveexamples here in the US where badgovernance burnt down [inaudible]. Or [inaudible]
But we now have thisamazing tool that allows massive coordination[inaudible] and it also allows a test bedfor testing new governance processse without[inaudible] without people [inaudible].
This is very cool. We are experimenting a lot withthis and we feel like [inaudible]
Now going a bit more technical,we've developed this framework called aragonOS which isthe 3rd iteration which was [inaudible].But now it's a more generic protocol [inaudible]can use if theyneed [inaudible] governance which basically[inaudible] same thing [inaudible] one withoutthe other.
This is also a hackathon for us. We aretesting [inaudible]. So checkout our [inaudible] let us know if somethingis broken or really [inaudible]
Weare also doing a funny airdrop. Weare airdropping [inaudible] doingfun stuff with that during the week[inaudible]
You have all of the informationhere and links. That's all, thank you.
Insuranceit helps protect us fromrisk. But what happened before insurancecompanies existed?
In the pastcommunities would pull resources together toprotect individuals from risks they allfaced. Pooling risk works better the more people there are in thepool. The more diversified the pool is, the morereliable the numbers are.
This hasled to the dominance of large profit driveninsurance companies. But what if there was a wayto bring back the community aspect?
Blockchaintechnology can strip out inefficienciesand move value back to communities through reduceadministrative governance and regulatory costs.
Introducing Nexus Mutual,an open community alternative to insurance.
Built on the ethereumblockchain, it allows members to share risk togetherwithout the need for an insurance company.
Starting with smart contract cover, securingrisks and potential bugs in smartcontract code. Members can earnrewards for assessing risk and voting on each othersclaims. They own all the assets in the pool, soany surplus goes directly back to the community.
Join us to return the power of insurance back to thepeople.
iXledgeris a next generation insurance marketplace.We use blockchain technology and smartcontracts to offer brokers and insurers an end to endsolution that's faster, more intuitive and moresecure than anything else on themarket.
A summary of key information is presented to you on the homescreen.Open tenders and their statuses are listed at thetop enabling you to easilykeep track of them from one place.
Let's go ahead and make a newtender.
Creating a tender iseasy. Add your details, upload your documentsand the platform does the hardwork.
Whether you are a brokeror an insurer, reach a broadermarket within seconds. Reduce your distributioncosts and get access to the latest tender dataavailable.
Cut out meetings,emails and paperwork with secure andaudited live messaging and handling of multiple quotessimultaneously.
iXledger makes reaching anagreement easier foreveryone.
Review, digitally sign and distribute the agreement withoutdelay in a blockchain environment that's more secure thanever.
Payments are made securely with IXT tokens on theblockchain platform ensuring transactionsare streamlined andtransparent.
The platform also supportspremiums, claims and policymanagement, all integrating seamlessly in your existingworkflow and ITsystems.
Thanks for watching our video. For more information check outour website.
In a world where many of our assets areheld by others, at Ethfinexwe believe in returning control to the user.
That'swhy we design tools thatgive traders choice. From a huge choice of tradingoptions to create unique strategies, to choosingyour level of custody and trusting us with assetsfor safety. Keeping full control for flexibilityor somewhere in between.
But it doesn't stopthere. We also give our traders controlof Ethfinex itself through ourNectar token.
Nectar holders have the powerto propose and vote on Ethfinexgovernance decisions from choosing our missionstatement to deciding which tokens can be traded on theplatform.
We even give a share of tradingfees from voted in tokens back to customers,so traders research and choose the tokens they believewill be successful in the long term.
Thismeans Ethfinex will always reflect the tokensour community wants to trade rather than thosewith the biggest pockets or bestconnections.
Using Ethfinex means being part ofEthfinex and being part of Ethfinex meansjoining the financial evolution oftoday.
Payments are one of the obviouskiller applications of blockchains. Butunfortunately blockchain's current transaction capacity is verylimited and therefore unable to support significantadoption.
Full blocks, high fees andlong confirmation times are the known effects of this limitation.
The problem is scalability.
Currently the ethereum network is only able to confirmroughly 10 transactions per second. Before blockchainswill see wide spread adoption for every day payments,they will need to be able to process roughly 100,000transactions per second.
Adoption alsorequires that the cost of transfers is negligible andthe confirmation time is within a subsecond ratherthan in the range of minutes.
The Raidennetwork aims to solve these problems. It uses a mix of meshpayment channels, deposits and cryptographictricks to allow for secure token transfers offchain.
Instead of using the blockchain as a global nodetree for all transfers, the blockchain is only used as asystem to eventually settle netted claims that resulted fromoffchain transfer activity.
This approach allowsthe Raiden network to scale with the number of users andtheir transfers. The more users participate, themore transfers can happen concurrently.
Further,transfers are extremely cheap, fast andprivate.
The Raiden network will compliment ethereumsuch that it can become a global scaled payment infrastructurefor everyday purchases by all of us as well as for theupcoming machine to machine economy.
Theoriginal idea of blockchain is to provide a purely pure to pureversion of electronic cash. Our mission is toprovide the technology which allows this visionto scale towards widespread adoption.
If you want to learn more about the Raiden network, watchour next video or check out ourwebsite.
Today'sdigital currencies don't scale and sufferfrom disruptive hard forks. Hard forkscan result in lose of investor funds. Theyalso damage investor confidence and can lead to attacks.
Decredwas built to solve these problems.A hybrid proof of work,proof of stake system ensures that no group canmaster the flow of transactions or make changes withoutinput from the community.
Decred is the onlydecentralized self ruling currencywhere everyone has a real voice.
Decred givesparticipants the tools necessary to makedecisions about the technical direction of the currency.All participants have a say in its futuredirection, budget and which projects are developed andpresented for vote.
We believe that striking abalance between infrastructure owners andcurrency holders is the only way to build a robustcurrency now and for the long term.
Decred has shown resilience where others havefailed. Thanks to our modular platform, that allows us to integrate newfeatures without disrupting the service.
Decred's transparency and scalability has notgone unnoticed. We won accoladesfrom fellow developers, industry experts and themedia.
Launched in Februaryof '16, we are completely independent, community funded,community owned.
Decred is engineers,artists, entrepreneurs.
Decred is a global community thatbelieves in financial independence and community basedgovernance.
We are thecurrency of choice for anyone who wants to take charge oftheir financial lives.
Weare the digital currency of the people.
Learn more about thefuture of finance atdecred.org
Evolution is behind all greatachievements. It has allowed us to gofrom ideas,tospace.
It has empoweredus to turn our dreams intoreality.
Todaydistributed ledger technology is the most sophisticatedphenomenon in the evolution in thedigital world. Itis thefuture.
Energi is the first cryptocurrencythat brings together some of the most powerfulideas in cryptocurrency.
Divisionbeyond just the technical infrastructure.
We are talking about something that is expansionary atits core and this goes beyond common features such as improving on transactionspeed, mass scalability, low fees.
Energihas all of these but the truly game changing propositionhere is Energi's decentralized governanceand treasury system. And that's a system that not only makes Energi selfsustaining but is also a self re-enforcing phenomenon.
That's theevolution of cryptocurrency.
Essentially it's a healthy growth snowballeffect. As awareness increases, so does its treasury economic power and sodoes adoption fueledby it.
An organization to beself funding, to be able to propel itself and pay its developers,pay its team and to do so in anaccelerating way where every dollar you invest in the organizationyields to a dollar of greater growth.
It's a positivefeedback loop.
The development, the marketing, the operations,the expansion... A self funded treasury that iswell directed is an incredibly powerful machine.
You arecreating no longer just a cryptocurrency but a living,breathing organization. Somethingthat can be as powerful as worldgovernance.
Intheory banks are agood idea. Bob needs some extra money and he goes to his bankand the bank gives Bob the money and over time Bob pays itback plus some interest.Everyone wins, right?
Well not if youare Bob.
Banks understand how dependentpeople are on them, this makes them powerful andensures they are the ones that make the rules. Rules that are in their bestinterest, not peoplelike Bob.
Need a credit card? A small businessloan? Glad to help. Just signhere, here and here.
Want to show your crypto as part of yourassets? Forget it Bob. Banks treat cryptolike monopoly money. Why does it have to be likethis?
It's time for a change.Some smart person once said, the worldneeds banking but it doesn't need banks. Banks generateobscene profits from taking your deposits and giving them out to borrowers.
Celsius is different. Wetake crypto deposits and use them to lend dollars backto our community so that you our members can keepthe profits, earn moreinterest and pay less for loans.
While banks focus on their ownprofits, our model is built on the community'sbest interest so that people like you, me andBob can enjoy the financial freedom we alldeserve.
With Celsiusyou can earn up to 5% interest on coins stored in yourCelsius wallet. Think of it as your crypto savingsaccount and when you need that dollar loan to let's say pay off yourcredit card or for a new businessloan, you can use your crypto ascollateral with a much lower interest rate.
Because it's an asset backedloan and you aren't selling your crypto, you won't have to pay tax rightaway. Meanwhile your coins are storedsafely with our custodian and once your loan is paidoff, your coins are returned.
Finally the 99%has a chance to turn the tables. We now have a way tobank that works for us, notagainst us.
Here is the cool part. If we bring100,000,000 people into crypto, wethe people will be the ones in charge. Not the bigbanks.
Now the borrower will draw against the loan using arudimentary user interface we built and described in ourprior loan demonstrationto interact with the loan smart contract.
Let's check the borrower'sbalance of DAI beforewestart.
Sure enough there were noDAI.
Now let's draw against theloan.Nowlet's check the borrower's balance of DAI again in theirwallet.
Sure enough 100 DAI has been transferred to theborrower.
Nowwe can see that the balance owing is now100DAI. And the draw thathappened.
The borrower can also repay usingDAI. Again this is all being mediatedby a smart contract behind thisuser interface.[silence][silence][silence]
Now we can see that the balanceowing in DAI has dropped.The payment has been recorded.[silence]
And the borrower's balance of DAI hasdecreased in theirwallet.
There you can go. You can see with the power ofOpen Law's contract automation and blockchain enabledcontract and capabilities combined with a stablecoin like MakerDAO'sDAI, we are broadening the audience andrelevance of blockchain based commercialtransactions.
The ethereum name serviceannounced via Twitter Monday January 14th thatit has launched a fully redesigned ENSmanager.
The ENS manager interface is builtwith non technical users in mind, allowing for individualsto search for names, manage addresses and createsub domains for names.
One community member noticed a possibleissue with the apps address look up functionality.But ENS developer Jeff Lowequickly addressed it. He even indicated that there areplans to later incorporate registration functionality into themanager.
For more news and updates,make sure to read today's distributeddigest on ETHNews.com[music][music]
Welcome to the world ofcrypto where the global friction free power ofblockchain has given software projects the ability to fund their developmentby selling tokens.
This year alone token saleshave raised over $1B USDand this number is growing rapidly. But how do youbuy and collect and trade tokens?
Welcome to Airswap, the simplest way to trade.
Built on the Ethereum blockchain and with the Swap protocol,Airswap gives you privacy, security andchoice on a global peer to peer tradingnetwork with no intermediaries and no trading fees.
Airswapmakes it easy to both buy and sell tokens.You can browse tokens and connect directly with others totrade. When ready to trade, Airswap gives you pricesuggestions that you can use during negotiation.
Once the price isagreed, your trade is settled on the Ethereumblockchain quickly, securely and privately.
Airswapgives you the power to trade on a global, decentralizedtrading platform.
So what can be built onAirswap?
Developers can develop their own storefront,selling tokens to buyers from around the world. Run their ownauctions, picking the best price out of a number ofbidders. And create marketplaces, allowing groups of people totrade peer to peer.
Airswap is a global token tradingecosystem, decentralized, borderless andfriction-free.
Your key to joining the Airswap ecosystemis the Airswap membership token.
So join us and be a part of the decentralized futureat Airswap.io
OmiseGO is one of thoseprojects that so many people areexcited about.
We are building a decentralizedexchange network that's going to connect different payment systemstogether.
My name isCasima and I'm the director of engineering for Plasma here at OmiseGO.
So what is Plasma?Plasma is basically an architectureframework for scaling blockchains.
The goal is to be able to do billions of state updatesper second on this network which is publicallyaccountable on the public chain.
The nice thing about Plasmais it doesn't require any changes to the ethereum base layer.So pretty much anyone can spin off a Plama system whenever.
This version is working on the official[inaudible] network that is created by OmiseGO.It supports ERC20 tokens.
What do you do have OmiseGO?I'm taking care of the [inaudible]. That sounds like a bigresponsibility. Yes.
Sowe are OmiseGO the big core challenge we are trying toaddress is financial inclusion. How do you make paymentsthrough wallets available toeveryone in aneasy to understand manner.
I think what's missing a lot in the blockchainspace is how doyou just make it accessible to normal people?And I think [inaudible] in terms of the identity and KYCand key management, those are all going to helpaddress a lot of [inaudible] issues.
Ilooked at OmiseGO last summer when I saw thatVitalik was meeting with the Central Bank of Thailand.The more I learned about OmiseGO, the morethe [inaudible] pervious work and really resonated with me.
I was sold. I really wanted to be a part of thisproject.