Who Is Behind Global Blockchain?
Introducing Global Blockchain: Investment Company for Blockchain Technology
Global Blockchain is designed with investors in mind. This company gives those who want to invest funds the ability to do so across a mixture of assets within the blockchain space. Those assets in question have been strategically chosen by the team behind Global Blockchain Technologies - (CSE: BLOC; - OTC: BLKCF) with the goal of balancing growth and stability. The portfolio behind the investments combines blue-chip holdings, like Bitcoin and Ethereum, with “smaller-cap” cryptocurrency holdings, including those which other investors cannot yet own.
Who Is Behind Global Blockchain?
The team behind Global Blockchain is made up of industry pioneers. You will notice those with years of experience with blockchain projects since they were early adopters and founders. Other team members were involved in the ICO revolution. Since the team includes those who have been around since the birth of the blockchain, they have the knowledge and experience necessary to accurately vet prospective holdings with technical viability and business sense in mind.
- At the head of this team is Steve Nerayoff, a senior advisor for Ethereum – a cryptocurrency that has risen 94,000 percent since its ICO. He designed the Ethereum crowdsale, which funded the Ethereum project, and went on to advise the Lisk cryptocurrency, now with a market cap of $526 million.
Rick Willard, another veteran of the crypto world on the Global Blockchain team, was the co-founder of the Silicon Valley Blockchain Society. He has advised countries such as Luxembourg on blockchain strategies and is one of the foremost experts on cryptocurrencies globally.
Other notable names on the remarkable Global Blockchain roster include, Kyle Kemper, executive director of Blockchain Association of Canada, and Michael Terpin, co-founder of BitAngels, the first network for angel investors in the crypto world and Shidan Gouran, a blockchain expert.
How Does Global Blockchain Appeal to Investors?
Global Blockchain should appeal to investors due to the highly experienced team and its connections in the blockchain community. Because of those connections, the portfolio can include early-investment projects you wouldn’t have the chance to get involved with otherwise. The knowledge of the team also means that investors get to rest easy knowing that the investments are in qualified projects with strong projections for growth. Best of all, investors don’t have to do any of the research themselves; the team takes care of it.
- Additionally, Global Blockchain has its own in-house innovation incubator that provides resources, which, in turn, maximize blockchain technology potential, improving the growth of that tech. Just some of those key resources include legal support, technical development personnel, and initial capital. Thanks to the resources, the ICO can take place as soon as a product is viable.
Simply put, Global Blockchain assists investors by taking away all the hard work of researching various cryptocurrency investments, instead providing them a secure way to make the smartest investments in an online brokerage account. The typical investor simply does not have the industry knowledge necessary to make an educated decision about which blockchain and crypto projects to invest in. Some might not even know how to access ICOs.
What Does an Investor’s Portfolio Look Like?
With Global Blockchain, users can invest in a range of assets related to cryptocurrency in a single location. These include cryptocurrency mining, a basket of blue-chip crypto holdings (Ethereum and Bitcoin), a basket of crypto holdings with smaller caps, access to pre-ICO and ICO financing, and blockchain startups that are developed with the in-house studio of Global Blockchain to develop decentralized applications.
As further capital enters Global Blockchain’s portfolio, the team plans to deploy it into multiple silos. These include mature blockchain currencies, ICOs, pre-ICOs, blockchain startups, and current growth tokens that have market caps of $100 million to $1 billion. Once fully evolved, Global Blockchain anticipates being the very first global investment company with exposure for the complete blockchain system along with token diversification and startup equity.
Ideally, 50 percent of the portfolio will be currencies that are a means of network payment and 25 percent each of currencies that are a medium of exchange and currencies that are part of decentralized applications. The platform will allocate the assets equally across in-house projects, blue-chip coins, growth coins, and equity investments.
Global Blockchain was also one of the first buyers of Kodak Coin, a brand-new token from the famous camera and film company. Global Blockchain was offered 8 million KodakCoins as part of a pre-ICO sale, which the company secured at a huge discount for only $2 million. In connection to its KodakCoin investment, Global Blockchain is partnering with Overstock.com and its subsidiary tZero to facilitate the KodakCoin ICO.
Global Blockchain is also targeting video game economies. In-game economies for massive video games like Second Life, Eve Online and World of Warcraft represent huge possibilities. The economy of the game Second Life, for example, could be worth as much as $500 million, and users spent $60 million in real currency in 2014. The economy of the game EVE Online was worth $55 million in 2016. And now, the currency of World of Warcraft is worth more than the currency of Venezuela. Global Blockchain could bring turn that virtual money into tokens and trade them via the cryptocurrency market.
Why Does the Portfolio Include Blockchain Startups and ICOs?
Although similar platforms invest in current ICOs, Global Blockchain feels that this is not enough and that current teams remain one-dimensional. The skillset of the current teams is based on development without the follow-through needed to ensure success. To be a successful coin, the Global Blockchain team believes that they must have building, distribution, and branding. They also feel that the industry can greatly benefit from a development lab that is led by a team that has real-world experience. Finally, Global Blockchain believes that corporate governance standards will arrive in the blockchain, and when this happens, only developers who are professionally managed will survive.
While most cryptocurrency investment companies focus on ICO investing, Global Blockchain will focus on the “best-of-breed” cryptocurrencies. These have a proven long-term value plus seed-stage equity investment in the ventures they deem to be a good fit for the ICO fundraising model, the token economy, and decentralization.
How Do You Invest with Global Blockchain?
You can find Global Blockchain in the form of a security that is publicly listed. You can find it on listings for Canada (CSE: BLOC), the United States (OTC: BLKCF), and Europe (BWSP.F) from brokerage houses or via online discount brokerages. This means that within just several clicks, those from around the world can easily invest in Global Blockchain. The company also hopes to list in Australia and Asia, as well, so it will be tradable 24 hours a day.
What Are the Main Goals of Global Blockchain?
The core team of Global Blockchain will incubate between six and 12 tokens every year, following exhaustive research. The company itself will provide the critical early funding, then maintain a major equity stake. Every business will get its own dedicated team, with the ability to be spun off and then listed separately to provide share-based dividends to shareholders. Finally, Global Blockchain aims to be the first to fully utilize the current capital markets and currencies with help from a team with varied and useful experience.
Conclusion
For those who want to invest in cryptocurrencies or blockchain technology but are unsure of how to do so and do not want to deal with too much risk, Global Blockchain is the perfect choice. The diversification of the portfolio mitigates the risk, while the experienced team takes care of the research necessary to find crypto assets with the potential to boom.
Beginner’s Guide to iExec
iExec is a cryptocurrency that solves the problem of decentralizing the cloud. Our daily computing needs continue to rely more on big cloud enterprises to host and act as gatekeepers to our own data. The risks involved with this centralized model are growing. iExec uses blockchain technology to create a marketplace of dApps where anyone can access cloud resources at a fraction of the cost of traditional cloud providers.
As the demand in cloud computing services grows we will see an even greater demand for distributed computing. Internet of Things (IoT) devices will need extra resources available at any time. This can be automated by smart contracts and allow these devices to connect to a resource provider on demand and pay for the facility automatically using cryptocurrency.
Why is Cloud Centralization a Problem?
A number of big cloud hosting providers dominate the market. Their hosting solutions are mostly centralized. A large network infiltration of a single entity can put your personal data at risk. Decentralization means that even if a single network is compromised that most of your digital assets are still safe as the risk is spread over multiple networks. Distributed Denial of Service (DDoS) attacks can also render a single network powerless but a decentralized cloud of resources is immune to this type of attack. If a single network resource goes offline anyone can simply request the use of another resource.
What Type of Transactions Can iExec Accommodate?
It is built to run on the Ethereum protocol and creates a layer for DApps (Distributed Apps) to execute their smart transactions or contracts as it is known in the Ethereum universe. These smart contracts are predetermined parameters that are programmed into the application and will execute once certain conditions are met. iExec provides two options – to rent resources or to be resource provider. This allows anyone to complete tasks that require huge computing power such as analyzing massive datasets, rendering 3D footage or building AI and machine learning algorithms. The iExec team comes from a research background and have themselves been involved in research that required the use of such resource-intensive services.
How Do You Use the Network?
You can use the iExec network as a resource provider or as a consumer of resources. Developers can register as app providers and publish their apps in the iExec blockchain dApp store.
Anyone can also earn money by renting out their servers to the network when they are not being used and by earning income on their existing infrastructure. Even datasets can be monetized in the future roadmap of iExec.
[CONTENTS]SHOW
What Does the Roadmap Look Like?
The iExec website has a clear roadmap of five main objectives. The launch of the iExec DApp store was achieved as its first milestone. The next milestone is the monetization of resources. This is when the iExec network will come to its own and we will see a marked rise in the value of the RLC token as well as greater trading volumes. The next phase is the ability to control public and private use of resources. This will allow providers to create user rights that will give their organizations exclusive rights to a specific blockchain service. Following this phase the HCP objective is key to achieve access to deep learning and GPU rendering services. This will be supported by an extensive network of mining farms to ensure the integrity of the blockchain. The last objective is to cater for new business cases. The most notable outcome here is the Proof of Contribution (PoC) framework that will endorse transactions made on any sidechains.
Is the iExec Team Trustworthy?
The team that heads up iExec has all the right credentials. The business was founded by a group of research scientists and academics. Six of the team members have earned a PhD degree and are supported by a team of seasoned developers and marketers.
What Other Benefits Does iExec Provide?
The main advantage of iExec is that is much more cost effective than enterprise level cloud providers. High Performance Computing (HCP) becomes accessible to smaller companies and individuals. The underlying technology is based on XtremWeb-HEP, an open-source distributed computing software that has been in public use for more than 10 years. The service is also energy efficient as resources as allocated only when needed and not always on. This allows companies to scale at a relative lower cost. Buying expensive hardware to run a piece of software is feasible when the funds are available but when business is slow they are stuck with the recurring hardware costs and software license fees. It therefore makes sense to rent the extra computational power only when needed.
What is RLC?
iExec introduces its own RLC token which is payment on the network and stands for “Run on Lots of Computers”. It is a cryptocurrency on the Ethereum network that is ER20-compliant. This means that the RLC cryptocurrency adheres to the Ethereum programming protocols and is compatible with Ethereum wallets. This is great for developers as iExec can rely on existing infrastructure. The company is also a member of the Enterprise Ethereum Alliance (EEA) which builds trust in a crowded cryptocurrency marketplace. The iExec network has added infrastructure called sidechains to carry out transactions outside of the Ethereum blockchain.
What Benefits Do Sidechains Offer from Being Built on the RLC Blockchain?
The Ethereum blockchain has very limited storage space that is limited to only a few bytes that DApps can utilize for their applications. By using sidechains iExec opens new possibilities to what can be built on the Ethereum network. A sidechain is a blockchain that is specific to the iExec network that runs independently of the Ethereum blockchain. This means that a lot of the heavy lifting is done on the iExec infrastructure creating a parallel network that is more robust and scalable. This also allows for very fast transaction times as only essential transactions are executed on the Ethereum network.
RLC Wallets
There are a number of wallets available to store RLC coins. Ethereum wallets such as Jaxx, MyEtherWallet, Metamask and imToken. Hardware wallets including Ledger or Trezor are also supported.
How to Buy RLC
You are not able to purchase RLC with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then trade that for RLC at an exchange such as Binance.
Register at Coinbase
For first time buyers of crypto currency, we recommend that you use Coinbase to make your first purchase – its easy to use, fully regulated by the US government so you know it is one of the safest and most reputable places to purchase cryptocurrency from. Coinbase offers the ability to purchase Bitcoin, Litecoin and Ethereum with a credit or debit card or by sending a bank transfer. The fees are higher for cards but you will receive your currency instantly.
You will have to carry out some identity verification when signing up as they have to adhere to strict financial guidelines. Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100.
To get started, click the “Sign up” button where you will be taken to a registration form where you will need to enter your name, email and choose a password.
Purchase Ethereum
For this guide, we will be purchasing Ethereum to swap for our target cryptocurrency. The reason for this is that it has far cheaper fees than bitcoin for sending and the transaction also happens a lot faster. So in Coinbase, visit the “Buy / Sell” tab at the top, select “Ethereum”, choose your payment method and enter the amount you wish to purchase – you can either enter a US Dollar amount or a number of Ether.
You will then be asked to confirm your transaction, if paying with a card you might have to complete a verification with your card provider. Once that’s complete, your Ethererum will be added to your account.
Purchase RLC at Binance
You can now send your Ether over to Binance to make your purchase of RLC, take a look at our review of Binance here to see how to signup and purchase on their exchange.
RLC is also available to trade on Bittrex, UpBit, Bitfinex, Liqui and HitBTC.
How Does iExec make money?
The Roadmap mentions three tiers of iExec – Community, Enterprise and Research Editions. Although there is no mention of costs we can assume that there will be a charge involved to have the full features on offer enabled.
What Does It Cost to Use RLC?
The RLC coin uses the standard Ethereum network transaction fees. The cost to run any transaction on the Ethereum network is called gas. It is a very small transaction fee of about 1/100,000 of an Ether. This transaction fee goes to paying miners for processing the transaction.
Conclusion
iExec provides a unique blockchain solution to the ever-growing need for distributed cloud computing. It has a solid team that comes with a good reputation as well as the added association of the Ethereum Alliance. This makes them trustworthy in the murky emerging world of cryptocurrencies and ICOs. The low cost of transactions as well as the open source nature of the software all add to the fact that iExec is a company that will disrupt the entire cloud computing industry.
iExec is a cryptocurrency that solves the problem of decentralizing the cloud. Our daily computing needs continue to rely more on big cloud enterprises to host and act as gatekeepers to our own data. The risks involved with this centralized model are growing. iExec uses blockchain technology to create a marketplace of dApps where anyone can access cloud resources at a fraction of the cost of traditional cloud providers.
As the demand in cloud computing services grows we will see an even greater demand for distributed computing. Internet of Things (IoT) devices will need extra resources available at any time. This can be automated by smart contracts and allow these devices to connect to a resource provider on demand and pay for the facility automatically using cryptocurrency.
Why is Cloud Centralization a Problem?
A number of big cloud hosting providers dominate the market. Their hosting solutions are mostly centralized. A large network infiltration of a single entity can put your personal data at risk. Decentralization means that even if a single network is compromised that most of your digital assets are still safe as the risk is spread over multiple networks. Distributed Denial of Service (DDoS) attacks can also render a single network powerless but a decentralized cloud of resources is immune to this type of attack. If a single network resource goes offline anyone can simply request the use of another resource.
What Type of Transactions Can iExec Accommodate?
It is built to run on the Ethereum protocol and creates a layer for DApps (Distributed Apps) to execute their smart transactions or contracts as it is known in the Ethereum universe. These smart contracts are predetermined parameters that are programmed into the application and will execute once certain conditions are met. iExec provides two options – to rent resources or to be resource provider. This allows anyone to complete tasks that require huge computing power such as analyzing massive datasets, rendering 3D footage or building AI and machine learning algorithms. The iExec team comes from a research background and have themselves been involved in research that required the use of such resource-intensive services.
How Do You Use the Network?
You can use the iExec network as a resource provider or as a consumer of resources. Developers can register as app providers and publish their apps in the iExec blockchain dApp store.
Anyone can also earn money by renting out their servers to the network when they are not being used and by earning income on their existing infrastructure. Even datasets can be monetized in the future roadmap of iExec.
[CONTENTS]SHOW
What Does the Roadmap Look Like?
The iExec website has a clear roadmap of five main objectives. The launch of the iExec DApp store was achieved as its first milestone. The next milestone is the monetization of resources. This is when the iExec network will come to its own and we will see a marked rise in the value of the RLC token as well as greater trading volumes. The next phase is the ability to control public and private use of resources. This will allow providers to create user rights that will give their organizations exclusive rights to a specific blockchain service. Following this phase the HCP objective is key to achieve access to deep learning and GPU rendering services. This will be supported by an extensive network of mining farms to ensure the integrity of the blockchain. The last objective is to cater for new business cases. The most notable outcome here is the Proof of Contribution (PoC) framework that will endorse transactions made on any sidechains.
Is the iExec Team Trustworthy?
The team that heads up iExec has all the right credentials. The business was founded by a group of research scientists and academics. Six of the team members have earned a PhD degree and are supported by a team of seasoned developers and marketers.
What Other Benefits Does iExec Provide?
The main advantage of iExec is that is much more cost effective than enterprise level cloud providers. High Performance Computing (HCP) becomes accessible to smaller companies and individuals. The underlying technology is based on XtremWeb-HEP, an open-source distributed computing software that has been in public use for more than 10 years. The service is also energy efficient as resources as allocated only when needed and not always on. This allows companies to scale at a relative lower cost. Buying expensive hardware to run a piece of software is feasible when the funds are available but when business is slow they are stuck with the recurring hardware costs and software license fees. It therefore makes sense to rent the extra computational power only when needed.
What is RLC?
iExec introduces its own RLC token which is payment on the network and stands for “Run on Lots of Computers”. It is a cryptocurrency on the Ethereum network that is ER20-compliant. This means that the RLC cryptocurrency adheres to the Ethereum programming protocols and is compatible with Ethereum wallets. This is great for developers as iExec can rely on existing infrastructure. The company is also a member of the Enterprise Ethereum Alliance (EEA) which builds trust in a crowded cryptocurrency marketplace. The iExec network has added infrastructure called sidechains to carry out transactions outside of the Ethereum blockchain.
What Benefits Do Sidechains Offer from Being Built on the RLC Blockchain?
The Ethereum blockchain has very limited storage space that is limited to only a few bytes that DApps can utilize for their applications. By using sidechains iExec opens new possibilities to what can be built on the Ethereum network. A sidechain is a blockchain that is specific to the iExec network that runs independently of the Ethereum blockchain. This means that a lot of the heavy lifting is done on the iExec infrastructure creating a parallel network that is more robust and scalable. This also allows for very fast transaction times as only essential transactions are executed on the Ethereum network.
RLC Wallets
There are a number of wallets available to store RLC coins. Ethereum wallets such as Jaxx, MyEtherWallet, Metamask and imToken. Hardware wallets including Ledger or Trezor are also supported.
How to Buy RLC
You are not able to purchase RLC with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then trade that for RLC at an exchange such as Binance.
Register at Coinbase
For first time buyers of crypto currency, we recommend that you use Coinbase to make your first purchase – its easy to use, fully regulated by the US government so you know it is one of the safest and most reputable places to purchase cryptocurrency from. Coinbase offers the ability to purchase Bitcoin, Litecoin and Ethereum with a credit or debit card or by sending a bank transfer. The fees are higher for cards but you will receive your currency instantly.
You will have to carry out some identity verification when signing up as they have to adhere to strict financial guidelines. Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100.
To get started, click the “Sign up” button where you will be taken to a registration form where you will need to enter your name, email and choose a password.
Purchase Ethereum
For this guide, we will be purchasing Ethereum to swap for our target cryptocurrency. The reason for this is that it has far cheaper fees than bitcoin for sending and the transaction also happens a lot faster. So in Coinbase, visit the “Buy / Sell” tab at the top, select “Ethereum”, choose your payment method and enter the amount you wish to purchase – you can either enter a US Dollar amount or a number of Ether.
You will then be asked to confirm your transaction, if paying with a card you might have to complete a verification with your card provider. Once that’s complete, your Ethererum will be added to your account.
Purchase RLC at Binance
You can now send your Ether over to Binance to make your purchase of RLC, take a look at our review of Binance here to see how to signup and purchase on their exchange.
RLC is also available to trade on Bittrex, UpBit, Bitfinex, Liqui and HitBTC.
How Does iExec make money?
The Roadmap mentions three tiers of iExec – Community, Enterprise and Research Editions. Although there is no mention of costs we can assume that there will be a charge involved to have the full features on offer enabled.
What Does It Cost to Use RLC?
The RLC coin uses the standard Ethereum network transaction fees. The cost to run any transaction on the Ethereum network is called gas. It is a very small transaction fee of about 1/100,000 of an Ether. This transaction fee goes to paying miners for processing the transaction.
Conclusion
iExec provides a unique blockchain solution to the ever-growing need for distributed cloud computing. It has a solid team that comes with a good reputation as well as the added association of the Ethereum Alliance. This makes them trustworthy in the murky emerging world of cryptocurrencies and ICOs. The low cost of transactions as well as the open source nature of the software all add to the fact that iExec is a company that will disrupt the entire cloud computing industry.