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OKEx Announces Upcoming Launch of IEO Platform “OK Jumpstart”

Vlad Poptamas

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OKEx Announced Upcoming Launch of IEO Platform "OK Jumpstart"
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OKEx announced that a brand-new IEO (initial exchange offering) platform will soon be launched. Named “OK Jumpstart”, the new platform aims to incubate high-potential projects and support early entrepreneurs.

OKEx Upcoming Launch of IEO Platform “OK Jumpstart”

OKEx began its research on different token launch methods since July 2018 when the OKNodes platform was launched. For high-quality projects and early entrepreneurs, it is believed that the IEO model is an ideal method for them to kick-start. By saving the time and resources for getting listed on exchanges, project teams will be able to focus on project development and community management.

As a trailblazer in the blockchain industry, OKEx is committed to facilitating the development of blockchain technology and projects. After a comprehensive evaluation of related regulations worldwide, OKEx finally came up with “OK Jumpstart” as a compliant IEO platform. With the technology and services required ready, OKEx is ready to roll out the platform in the soonest future.

“We are happy to launch OK Jumpstart as our own IEO platform. I believe the IEO model will bring considerable advantages to both the exchange and project developers, particularly start-ups can conduct their launching process easier and more streamlined,” said Andy Cheung, Head of Operations of OKEx. “In view of the demand for IEO growing so fast, 2019 will be the year of IEO, and we expect to see more innovative projects be hatched from this platform.”

More details about OK Jumpstart will be announced shortly. Please stay tuned for updates.

What is Initial Exchange Offering (IEO)?

IEO serves similarly to the Initial Coin Offering (ICO)  both allows selling tokens to finance early-stage projects, however, the key difference is that both the project developer and the investors facilitate their transactions through a third party  a reliable exchange. The exchange acts as a guarantor and conducts a project due diligence check on the project team. Having IEO to streamline the process, developers are no longer required to perform KYC verifications. Indeed, it can bring about widespread publicity and a quicker listing process.

SOURCE OKEx

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Automotive

Honda Announces Presence at Milan Design Week Featuring the Honda e Prototype

Vlad Poptamas

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Honda announces presence at Milan Design Week featuring the Honda e Prototype
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Honda has announced that it will exhibit for the first time at 2019 Milan Design Week, the world’s largest design exhibition. Based in the Tortona design district, Honda’s exhibit will feature the Honda e Prototype and express the connected lifestyle at the centre of the models design ethos. This will be the first public appearance of the model since its world premiere at the 2019 Geneva International Motor Show. The car previews Honda’s first mass production battery electric vehicle for the European market and will go on sale later this year.

The exhibit, themed as the “Honda experience – Casa Connessa Tortona” will present an environment inspired by the design concept of the Honda e Prototype. It will include an immersive experience and visual collaborations with selected partners.

The teaser image provides a sneak preview of the exhibit highlighting the “Tree of Energy” central to its design.

“Honda experience – Casa Connessa Tortona” is on Via Tortona, close to the Porta Genova train station. The exhibit will be open from 10am-9pm, 9th – 14th April 2019.

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Banking/Financial Services

Next Billion and Ocean Protocol pilot new data sharing model to directly benefit rural store owners

Vlad Poptamas

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Next Billion and Ocean Protocol pilot new data sharing model to reward rural store owners
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Next Billion today announced its collaboration with Ocean Protocol, the first general platform for borderless data sharing that marries blockchain, data and AI, to pilot a new data sharing model that gives store owners in rural India an extra stream of income.

Next Billion creates insights to enable companies to expand in high-growth emerging markets. The Company provides free point-of-sale (POS) platforms to rural store owners to record real-time inventory and sales data. It is building a data marketplace and piloting a new data sharing model on Ocean Protocol.

Through the pilot, stores in rural India will capture real-time transactions through the POS platform and are incentivized to consistently use this platform to submit verified data. When companies buy their syndicated data, transactions can be traced back to the source via Ocean Protocol, enabling Next Billion to reward these rural store owners with royalties.

“We believe global companies’ needs for commercial data can unlock sustainable and inclusive business models that empower local data providers to share fair value from their data,” said Oliver Gilbert, Managing Director of Next Billion. “Ocean Protocol enables Next Billion to monetize data and share it with companies in a safe and secure manner.”

Despite the lack of digitization in retail practice in rural Asia, sales are climbing. Driven by the rise of the middle class, the consumption of fast moving consumer goods (FMCG) in rural areas is growing across Asia. From 2009 to 2012, spending by India’s 800+ million rural residents reached $69 billion, some 25% more than their urban counterparts over the same period. According to recent estimates, consumption in rural areas is growing at 1.5 times the rate in urban areas. The current $12 billion consumer goods market in rural India is expected to reach $100 billion by 2025.[1]

FMCG companies are eying this new opportunity and have revved up their distribution channels in rural areas. This has been reflected by a significant rise in demand for rural market research data. However, traditional market research firms lack rural reach, maintain outdated platforms premised on different environments, and their costs remain prohibitively expensive.

Ocean Protocol is a blockchain-based platform for safe sharing of data. It enables companies and data services to build on top. Its technology allows organizations to put a value on, own and control their data while addressing many frictions around data sharing today including privacy concerns, trust, and auditability. Ocean also allows algorithms and models to come to the data, get trained and then leave without exposing the data or taking a copy, thereby retaining privacy and freeing up data to advance the economy and society.

“A lot of data is generated today, yet they are locked up in silos because people are scared of losing control and not getting rewarded. Ocean helps to solve this by giving the tools for people to own and control their data and develop new data-driven business models,” said Bruce Pon, founder of Ocean Protocol. “Data owners can program the conditions of access which are then executed precisely. In addition, data can be traced back to its source, enabling incentives to be spread across all stakeholders in the data sharing process.”

“Being incentivised along with transparency on how data is being used increases the willingness for people to share data,” Gilbert added. “We hope to provide high quality and agile retail insights at a fraction of what the traditional market research firms would charge while targeting an increase in sustainable livelihoods by 30-50%.”

SOURCE Ocean Protocol

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Banking & Financial Service

Money20/20 Asia’s featured speakers share 2019 FinTech Forecast

Vlad Poptamas

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Money20/20 is the world’s leading platform where the Financial Services, Payments and FinTech community connect and create the future of money. The Asian edition – Money20/20 Asia will bring over 300 industry leading speakers to reveal their top company strategies, share unique opinions on the hottest topics and predict the future trends.

The entire industry is eager to see what industry-shaping trends, new technologies and innovation will define 2019. Money20/20 Asia has released six FinTech forecasts and predictions from some of their featured speakers, which provides a taste of what the global audience will learn from the event.

Sreeram Iyer, COO, Institutional Banking at ANZ Banking Group provided his banking perspective on the long-standing industry topic  blockchain applications.

Though not a commonly-held view, Corporate & Institutional Banking will certainly witness the maturity, practical adoption, and benefit-realisations of *private* Blockchain applications and gear up for traction in 2020. These will have significant customer experience improvements and internal productivity gains – not only in Trade, but in Lending & Global Markets alike.” Sreeram Iyer will join the Panel Session ‘The incumbents’ response’ at 12.10pm on 20th March.

Jakub Zakrzewski, General Manager, APAC from one of the strongest challenger banks, Revolut, shared his insider view on the key elements to strengthen the competitive advantages of challenger banks in 2019.

“A big trend to look out for in 2019 will be the increased use of automation, machine learning and AI, which will enable banking challengers to automate, accelerate and improve the quality of their decision-making. This will help them across the business, but particularly when it comes to tackling financial crime faster and far more accurately than outdated, manual processes. Jakub Zakrzewski will join the Panel Session ‘Fintech challengers’ at 3.50pm on 20thMarch.

Nilanshuk Haldar, Head of Financial Services Partnerships, APAC at Amazon Web Services shares his point of view on financial cloud technology adoption in Financial Services.

Financial institutions are adopting the cloud to innovate at the speed of fintech startups, and to ensure greater security, flexibility, and the ability to scale up as needed efficiently and quickly. In 2019, expect many more incumbents and challenger banks to run critical parts of their business – and sometimes their entire infrastructure – on the cloud.” Commented by Nilanshuk Haldar will speak in the Session titled ‘When to move to the cloud? Business cases and implementation hurdles’ at 4.25pm on 20th March.

Dr. Kfir Bar, Chief Scientist at Basis Technology predicted blockchain and cryptocurrencies impact in Financial Services in 2019.

“The future is uncertain for blockchain and cryptocurrencies in financial services. There’s no doubt digital value protocols, distributed ledgers, and smart contracts have a compelling hypothetical value proposition for the industry, but real-world applications have been noticeably lacking. I think they can have a significant impact, but it’s hard to predict what it will be.” Dr. Kfir Bar will speak on Panel Session ‘Are we using it right? Learnings from (perceived) AI applications in financial services’ at 3.55pm on 19th March.

Theodora Lau, Founder at Unconventional Venture commented on predicted Fintech & Bank partnerships in 2019.

2019 is the year of autonomous banking – when we move from insights to action. The winners will be those who leverage emerging technologies such as AI and advanced analytics to become truly trusted advisor for their customers  automating their day-to-day finances and empowering them towards a more financially secure future.” Theodora Lau, Founder at Unconventional Venture who will be moderating ‘Reverse Pitch: Why you (fintech) should take my money (VC)! ‘ at 4.20pm on 19th March; and Case study: HSBC and Google Cloud at 4.05pm on 20th March.

James Lloyd, Asia-Pacific FinTech Leader at EY shared his view on the 2019 trend of FinTech and TechFin partner ecosystems.

The emergence of digital challenger banks is a global trend. Taking learnings from other markets and inspired by the success of major TechFin players in China, platform-enabled challengers in Asia-Pacific are likely to be among the most innovative – creating and participating in partner ecosystems extending beyond finance into such areas as retail, transportation, travel, and telecommunications.” James Lloyd will speak in his session titled ‘The evolution of the challenger bank model’ at 3.30pm on 20th March; Session ‘Platform challengers’ at 4.20pm on 20th March; Session ‘Hong Kong Virtual License Status Check’ at 5pm on 20th March and Session ‘Building a bank from scratch’ at 2.40pmon 21st March.

Money20/20 Asia’s full agenda features over 300 of the world’s leading innovators delivering expert insights into the critical themes and developments on how businesses and people spend, manage, save, borrow, share and protect money. Curated by independent industry experts, the agenda runs across 3 full days and 6 unique stages and will give businesses the knowledge and tools they need to prepare for tomorrow’s Financial Services marketplace. See the full agenda

On 19-21 March 2019, Money 20/20 Asia will take place at Marina Bay Sands in SingaporeParticipants will get access to real-life case studies, insights, stories of successes and failures, workshops and more that will enable them to understand the ways in which they can evolve their business to grow across Asia and beyond. Find out more on https://asia.money2020.com/.

 

SOURCE Ascential Events PLC

 

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