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AI Startup 6Estates Raises Series B from GDP Venture and BCA Central Capital Ventura

Vlad Poptamas

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6Estates, an Artificial Intelligence company that delivers real-time, actionable insights to businesses announced today that it has successfully completed a Series B funding round. The financing will be used to invest further in the company’s proprietary cognitive data intelligence solutions and for global expansion.

The round was led by GDP Venture and participated by Central Capital Ventura, the venture arm of Bank Central Asia, Indonesia’s largest private bank.

“6Estates has gained impressive market traction with their ground-breaking AI technology in the burgeoning big data space. With their innovative DNA, they are progressively pushing the boundaries to solve real-world challenges presented by the explosion of data on different digital platforms. We are very excited to invest in the company and lead its Series B round,” said Mr. Martin Hartono, CEO of GDP Venture.

6Estates’ solutions are currently centered on market intelligence for consumer goods industry and finance intelligence for financial services industry. These cognitive data intelligence solutions are built on cutting-edge AI technology. It combines Natural Language Processing, Explainable Neural Network, and Knowledge Graph to deliver attributes causality analysis and actionable insights for businesses to enable smarter decision-making.

The solid vote of confidence from investors reflects the company’s significant revenue growth of over 300% year on year in the last 12 months, driven by demand on market intelligence from Fortune 500 companies which include P&G, Nestle, and Unilever. 6Estates has also secured several major finance intelligence projects in China such as constructing a big data and AI infrastructure for HengFeng Bank, and building a capital market risk prediction system for South-West Securities.

One of 6Estates’ latest products, Market Innovation Knowledge Advisor (MIKA) leverages on advanced Explainable AI to identify the impact each product attribute brings in a product’s sales. MIKA identifies upcoming consumer trends and key purchasing attributes which allow brands to better undergo product design as well as communicate effectively to maximize marketing effectiveness.

“Due to ever changing consumers’ needs, our clients are looking for ways to not only understand trends better, but also to look out for solutions which can explain why a phenomenon occurred. At 6Estates, we utilize the latest research breakthroughs to create innovative solutions to empower our clients,” said Dr. Luan Huanbo, Co-Founder and CEO of 6Estates.

“Within the financial sector, 6Estates applies our robust information extraction and machine reading comprehension technology to help our clients transform unstructured documents to structured knowledge which enable process and intelligence automation. We are currently exploring the application of our technology within trade finance and capital market with several institutions,” Dr. Luan added.

The company intends to establish an office in Indonesia to tap into the vast opportunities of the 4th most populous nation in the world, to further develop its Bahasa Indonesia Natural Language Processing capabilities, and collaborate closely with Bank Central Asia to apply its AI solutions to enhance the bank’s AI competencies.

On Lee, CTO of GDP Venture, CEO/CTO of GDP Labs, said, “Founded by winner of ACM Achievements Award, Professor Chua Tat-Seng, CEO Dr. Luan Huanbo and CTO Dr. Wang Chao, 6Estates is a world-leading expert in AI. They have assembled a world-class AI team. They are one of the best AI companies in the world, combining industry experience and academic expertise,” On Lee will join the company’s Board of Directors.

Besides expanding the R&D team of machine learning and data scientists, the company is aggressively expanding its presence within South East Asiaas well as China, and is on the lookout for potential strategic collaborators.

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Asia

OKEx Revisited Bangkok After Launch of Thai Baht Trading

Vlad Poptamas

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Photo source: livetradingnews.com
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OKEx, a Malta-based world-leading digital asset exchange, has made a stop-over to Bangkok to bring industry leaders together to exchange ideas on blockchain technology. In view of the fast-growing digital asset community in Thailand, OKEx has launched the C2C (customer-to-customer) fiat-to-token trading service for Thai Baht (THB) on its platform, filling the high demand in the global markets, and at the same time, fulfilling its role of a trailblazer in driving blockchain adoption globally.

OKEx experienced a full-bloomed blockchain mindXchange

Throughout the “mindXchange” session, industry talents Nattapon Nimakul, Tech Lead of Katinrun & CTO of Kulap, Jake Choi, Chief Marketing Officer of Fantom Foundation, Sivanus Yamdee (Go), CEO and Co-founder of Coin Asset Exchange and Jirayut Srupsrisopa, CEO of Bitkub have discussed the importance of raising awareness of blockchain in the community, and shared insight on the latest regulatory development in the Thai digital asset space and how to accelerate the ecosystem.

OKEx Launches Thai Baht (THB) C2C Trading

OKEx launched Thai Baht (THB) on its C2C trading platform, currently supporting the BTC, USDT, ETH, and LTC trading pairs. Users can complete KYC verification to be eligible to buy/sell digital assets with Thai Baht.

For more details, please visit OKEx website.

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Asia

JET8 Launches World’s First Social Wallet

Vlad Poptamas

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Tokenised social engagement technology platform JET8 today announced the launch of the new JET8 Wallet, JET8’s “connect and transact” hub for all users owning J8T tokens, users of JET8’s DENapps, as well as both online and offline retailers.

Designed to give users a safe, seamless and pleasant experience, the JET8 Wallet is a secure custodian app for those wanting to safekeep their J8T tokens, earn rewards, and buy real-life products.

Similar to Coinbase, average users don’t have to worry about how to store private keys. List of uses for the new JET8 Wallet include:

  • Sending or receiving J8T Tokens between wallets and friends;
  • Receiving JETPoints from brands based on social engagement from user generated content;
  • Purchasing consumer goods from over 30,000 points of sale worldwide;
  • Purchasing collectibles and artwork;
  • Purchasing JETPoints using multiple payment methods;
  • Discovering multiple social communities applications (“DENapps”) that are being built using the JET8 ENTERPRISE SaaS API for agencies and brands; and
  • Using the JET8 Wallet as a gateway to earning social currency.

The JET8 Wallet is programmed with real-time sync. Transaction lists simply update automatically, all driven by in-house built smart contracts. The easy two-step activation of the JET8 Wallet is tied to KYC approval by an industry-leading service.

The first social currency wallet made for shopping real products no matter where you are.

The new unified JET8 ENTERPRISE e-commerce protocol allows brands, retailers, and telecommunication partners worldwide to offer wallet users with a vast liquidity network of real-life consumer products and services.

A revolutionary feature of the JET8 Wallet is allowing users to purchase mobile data or “load” top-ups and recharges in any country around the world. This feature emphasises JET8’s mission to bring its “social wallet” to everyone, regardless of what country they are from, by allowing users to access mobile network connectivity from their wallets or as a reward from their social media engagement.

The JET8 Wallet is connected to over 30,000 offline points of sale where users can buy goods from. Retailers already accepting JETPoints and the JET8 Wallet around the world are:

  • 7-Eleven (Philippines)
  • Circle K (Indonesia)
  • Shop & Go (Vietnam)
  • Alfamart (Indonesia)
  • Lazada (Philippines)
  • Watsons (Philippines)
  • Shoprite (South Africa)
  • Checkers (South Africa)

Users can also purchase exclusive collectibles, printed on demand, and delivered worldwide.

JET8 Founder Victor Zabrockis, said: “Our mission is to connect thousands of mobile-first communities with a one-stop shop financial system for users, brands, retailers and influencers. We are proud to help people convert their social influence into digital currency through a full custodian ERC20/J8T crypto wallet. It does not matter if one is a well-versed crypto lover or just an average mobile user curious about blockchain, we’ve built the JET8 Wallet with everyone in mind.”

To download the JET8 Wallet, visit https://wallet.jet8.io/.

 

SOURCE JET8

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Industry Leaders to Converge in Hong Kong to Discuss Digital Assets and Blockchain Applications at the HashKey International Digital Asset Summit 2019

Vlad Poptamas

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HashKey International Digital Asset Summit 2019
Reading Time: 2 minutes

 

The HashKey International Digital Asset Summit 2019 (HIDA2019), hosted by HashKey Group, Wanxiang Blockchain Labs and co-organized by Cyberport and ZA International, will be held on 21st March, 2019 at The Four Seasons Hotel, Hong KongJoining the event will be over 400 delegates from banks, asset management firms, technology firms, family offices, hedge funds, venture capital firms, financial regulatory institutions and industry associations in Hong KongSingaporeTokyo and Seoul.

HIDA2019 will be the first summit in Asia aimed at increasing global awareness of digital assets and blockchain applications and follows the Global Blockchain Summit that has been hosted by Wanxiang Blockchain Labs for the last four years. At the event, industry experts and key opinion leaders from investment, finance, blockchain and market regulatory fields will be presenting and participating in various panel discussions.

With the theme, “Digital Assets: From Frontier to Mainstream”, this year’s event will help to educate institutional investors about this new asset class and will explore several key topics relating to digital assets and blockchain technology such as market infrastructure, portfolio management, research and valuation, case studies of successful blockchain applications, secured custody, banking services, AML/CFT tools, trading ecosystems, accounting and auditing, regulatory clarity and security tokens.

Key opinion leaders will deliver keynote speeches on the following issues:

  • What is the current market structure of digital assets, and how does this compare with other asset classes?
  • What are the opportunities and risks for the industry?
  • What are the emerging use cases for blockchain technology?
  • How should we classify digital assets across digital tokens, digital currencies, tokenised securities and commodities, and security tokens?
  • What professional research, trading, and valuation tools are available?
  • How are companies dealing with AML/CFT requirements?
  • How are institutional investors thinking about this asset class today?
  • What kind of regulatory frameworks are emerging?

To purchase tickets, please visit: https://www.hashkey.com/#/hk. Early bird tickets are available before 28th February, 2019.

To apply to be a sponsor of the event, please contact: contact@hashkey.com.

SOURCE Wanxiang Blockchain Labs

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