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Calvin Ayre and Bitcoin SV Groups Back Institutional Exchange, DRIVE Markets

Vlad Poptamas

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DRIVE Markets ($DRV), the institutional crypto and fiat exchange, announced an investment from entrepreneur Calvin Ayre, founder of Ayre Group and CoinGeek. In a bid to entice traders from the $5 trillion forex market, DRIVE Markets has teamed up with forex giants including First Derivatives and MetaTrader to offer a crypto trading experience synonymous with forex trading.

Ayre is a key backer of BSV, through his CoinGeek mining, media and investment operations, and expects the undisclosed investment which is in the multiple seven figures, to provide a significant boost to BSV enterprise usage and transaction volume.

DRIVE Markets recently announced DRIVE Pay, a multi-protocol, real-time remittance and gross settlement network for crypto and fiat currencies. DRIVE Pay will use the BSV blockchain as the anchoring ledger for its payments network and will use BSV coins as a bridge or intermediary currency to enable liquidity.

“At DRIVE, our roadmap leverages the infrastructure and capabilities of our institutional exchange and we were looking for the right solution partner that could scale DRIVE Pay to become a global leader in the multi-trillion dollar payment and settlement space. Bitcoin SV, as a commodity data ledger, makes it the ideal blockchain to anchor DRIVE Pay and the BSV team possess a level of expertise and commitment to enterprise development that really impressed us,” said Kate Hiscox, CEO at DRIVE Markets.

Bitcoin SV emerged from the world’s first Bitcoin “hash war” last November.  Named for the “Satoshi Vision” of Bitcoin’s creator Satoshi Nakamoto, Bitcoin SV restores the original Bitcoin protocol, keeps it stable, and allows it to massively scale.

BSV has the scaling plan necessary to support a global payment network like DRIVE Pay and other enterprise uses.  Just recently, BSV’s blockchain witnessed not one, but two, 128MB record-setting blocks – the world’s largest ever on a public blockchain.  (For comparison, Bitcoin Core [BTC] has a small 1MB block cap).   With 128MB blocks, BSV can handle 800+ transactions per second and proves that massive on-chain scaling works on Bitcoin.  Furthermore, Bitcoin SV is preparing for gigabyte (1000 MB) and eventually terabyte (1 million MB) blocks to process billions of transactions per second and become the global data ledger for business.

CoinGeek founder Calvin Ayre commented:  “I like entrepreneurs who can cut through the noise and focus on technology that works.  That’s why I like DRIVE.  DRIVE recognizes the original Bitcoin vision, now back in the form of Bitcoin SV, works at a massive scale.  I look forward to seeing the DRIVE Pay network process huge amounts of transactions on the BSV blockchain, and further unleash the true power of Bitcoin.”

DRIVE Markets’ CEO Kate Hiscox will attend and speak at the upcoming CoinGeek Toronto conference, May 29-30 at the Carlu in Toronto.  The conference focuses on Bitcoin scaling, with “No Limits”, and will feature the world leaders in blockchain scaling.  At the event, Hiscox will discuss plans for DRIVE Pay and her company’s decision to build the payment network upon BSV.

Ayre’s investment is part of a broader collaboration between DRIVE and the Bitcoin SV ecosystem.  nChain, the global leader in advisory, research, and development of blockchain technologies, will support DRIVE Pay with its technical consulting services and access to its vast intellectual property portfolio.  Along with Ayre’s CoinGeek operations, nChain is another key backer of Bitcoin SV.

Jimmy Nguyen, Founding President of the Bitcoin Association (which advances Bitcoin SV’s global business ecosystem) and Chair of nChain’s Strategic Advisory Board, remarked:

“With DRIVE, the Bitcoin SV ecosystem gets bigger and gets down to some really big business.   From our discussions, it is clear DRIVE Markets sees BSV’s technical value as an enterprise ledger and business value as a regulation-friendly environment.  We invite more companies around the world to study BSV’s technology capability and build on the only massively scalable blockchain – Bitcoin SV.”

 

SOURCE DRIVE Markets

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IPwe Announces Significant Patent Portfolio Acquisition Transaction Completed Across the IPwe Platform

Vlad Poptamas

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Photo source: youtube.com / IPwe
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Within the first month of IPwe’s Patent Platform official launch, a US based seller and Irish buyer utilized the IPwe Platform to initiate, negotiate and complete a patent acquisition transaction for a large patent portfolio.

The IPwe Platform is the world’s first global patent transaction platform utilizing artificial intelligence and blockchain technology to facilitate acquisitions, licensing, financings, maintenance fee and other patent transactions on a more efficient basis measured by time and cost.

The Irish based buyer purchased 86 issued patents and 25 pending applications in the connected car technology area from AutoConnect Holdings. The transaction was executed on the IPwe Platform for a purchase price exceeding $3 million.  By removing complexities out of patent transactions, the IPwe Platform handled negotiations, signing, closing and payment and will handle the follow-on obligations, such as future reporting and payment obligations, leveraging smart contracts.

“By leveraging AI and Blockchain, we have brought unprecedented speed and efficiency to the global patent ecosystem by providing the first patent transaction platform where both buyers, sellers and other intermediaries can connect and transact.  We will be launching The IPwe Network initiative in the coming weeks that will leverage the IPwe Platform and a select group of global patent brokers and patent boutiques that will further expand the transactional capabilities of the IPwe Platform,” said Pascal Asselot, Managing Director of IPwe.

A spokesperson of AutoConnect was quoted as stating, “As you would expect from an innovation leader in the IP space, the execution across the IPwe Platform was exceptional. The use of smart contracts brings automation and certainty in the execution of the patent transaction, including for the provisions relating to future payments and performance obligations.”

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Blockchain

The EY and Guardtime joint venture company signs agreement with China’s Zhuhai Port Holdings for future collaboration

Vlad Poptamas

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Photo source: bizjournals.com
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The EY and Guardtime marine insurance blockchain joint venture company Insurwave Limited today announces a new agreement with Zhuhai Port Holdings Group Co., Ltd. to explore and collaborate on shipping logistics and marine insurance to promote frictionless trade across the Greater Bay Area and beyond. During the World Port Conference in GuangzhouKaren Maddocks, British Consul-General in Guangzhouand Tenghui Chi, Director-General of the Financial Services Bureau for the Hengqin New Area of Zhuhai, attended as witnesses to the signing on May 8th 2019.

Zhuhai Port Holdings Group businesses span across the development, construction, management and operation of ports, land and supporting facilities. Insurwave Limited launched Insurwave, the world’s first marine insurance blockchain platform for commercial use, in May 2018. The Memorandum of Understanding (MoU) focuses on the link between marine insurance blockchain technology and port logistics, identifying a strategic cooperation in the marine economy of the Greater Bay Area, which can lead to more efficient and effective global trade conditions.

Shaun Crawford, EY Global Vice Chair for Industry, says: 
“Combining the knowledge from Insurwave with Zhuhai Port Holdings’ experience in port logistics, we’re pleased to establish a joint initiative for identifying blockchain’s applications in cross-border financial services, logistics and trade. Insurwave was developed a year ago to transform how businesses manage risk across their organization and how they work with brokers and (re)insurers. Our hope is this is another step in the right direction and will have the same impact on international trade and port logistics. This agreement comes at a great time and we look forward to supporting the Greater Bay Area plan and the Belt and Road initiative.”

Botao Liu, Strategic Development Center General Manager of Zhuhai Port Holdings Group, says: 
“Both parties have a common interest and by leveraging our core strengths we’re able to seize the opportunities of the Belt and Road initiative, the opening of the Hong-Kong-Zhuhai-Macao Bridge and the Greater Bay Area to promote the connection between marine insurance blockchain technology and global port logistics.”

Karen Maddocks, British Consul-General, says:
“Insurwave is a great example of a British technology supporting the development of the Greater Bay Area and on this occasion Zhuhai in particular. This innovative British blockchain platform will streamline marine insurance in the Greater Bay Area and boost international trade along the Belt and Road initiative.”

Tenghui Chi, Director-General of the Financial Services Bureau for the Hengqin New Area of Zhuhai says:
“The agreement lays a great foundation for the future win-win collaboration between the two parties. We look forward to supporting upcoming initiatives from Insurwave and Zhuhai Port Holdings that will deliver valuable insights and growth to the marine insurance sector, logistics and trade in the Greater Bay Area.”

 

SOURCE EY

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Blockchain

Explore the Future of Blockchain Technology at SANS Minneapolis Cyber Security Training Event

Vlad Poptamas

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Photo source: nairobigarage.com
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SANS Institute, the global leader in cyber security training and certifications, today announced the agenda for SANS Minneapolis 2019 (#SANSMinneapolis) taking place August 12-17 in Minnesota. Course topics to include cyber defense, ethical hacking, penetration testing, SIEM, critical security controls, digital forensics, and security management. G. Mark Hardy (@g_mark), the founder and president of National Security Corporation will give an evening talk, “Blockchain: Building Better Business Models Securely”.

Hardy explains, “Blockchain as a technology has been proposed as a solution to everything from frictionless currency transfer to tracking cargo on ships. With over one billion dollars in venture funds invested and several hundred patents filed, every security professional must know the impact on organizations in terms of risk, volatility, and competitiveness. Join me in Minneapolis where we will explore the future of this technology. I’ll also share how to identify business processes at your organization that can be improved or enabled by blockchain.”

In addition to his talk Hardy will teach MGT514: Security Strategic Planning, Policy, and Leadership. This course provides students with the tools to become a security business leader who can build and execute strategic plans that resonate with other business executives. Students will learn how to create effective information security policy, and develop management and leadership skills to better lead, inspire, and motivate their teams.

SANS Minneapolis 2019 features cutting-edge courseware covering today’s most complex cyber security issues. Courses include SEC401: Security Essentials Bootcamp Style, SEC555: SIEM with Tactical Analytics, FOR572: Advanced Network Forensics: Threat Hunting, Analysis, and Incident Response, and SEC566: Implementing and Auditing the Critical Security Controls – In-Depth.

 

SOURCE SANS Institute

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