Wavebase from Peoplewave is looking to bring HR out of the dark ages and revolutionise recruitment, background checks, onboarding, performance reviews and people management by utilising blockchain technology.
Two things that blockchains are really good at are transparency and immutability, something sorely lacking in the world of human resources. According to international research 56% to 85% of people lie on their resume. Some of these are small lies to perk up an otherwise boring CV, while others are outright made up job positions and performance claims.
HR departments spend a lot of time doing background checks and verifying claims job applicants make on their CVs and this is a great example where Peoplewave offer an attractive alternative with their blockchain based Wavebase platform.
Wavebase will allow Peoplewave to dramatically transform the HR industry by establishing a distributed database of accurate and verified performance and employment information on the blockchain.
As a result, employers will possess an unprecedented ability to evaluate a potential candidate based on actual, verified credentials and past performance, or even utilise the information right from the start for targeted searches of suitable candidates. In addition, for the first time, employees will get to own and take control of their performance data, even after they leave the company.
Currently the HR industry is worth around US$550 billion globally and is ruled by industry dinosaurs such as SAP, Oracle and Workday. Wavebase will allow Peoplewave to completely disrupt this outdated industry across the entire spectrum from pre-employment screening, background checks to recruitment and talent acquisition.
The company is based in Singapore and has been operating since January 2017. They have an impressive team of senior leaders with deep industry experience and impressive business accomplishments.
Something that we like to see from any ICO is a minimum viable product and a successful track record. Peoplewave delivers on both counts as they already have existing commercial products – the “First 100 Days”: a new hire onboarding tool and “Performance Wave”: continuous 360-degree performance appraisals, which you can download and test for free over at peoplewave.co. Peoplewave also boasts a robust customer base of over 450 businesses, that’s growing every day.
Currently Peoplewave has 19 team members in 4 countries with experience in technology, development, marketing, product management and user experience.
Damien has over 25 years’ experience. He is a digital thought leader, speaker & award-winning marketer. He was formerly a Global Head of Digital at Standard Chartered, CMO at Philips, Regional Marketing Director at Samsung and has a Masters in Digital Management from Hyper Island.
Phil Aldridge – Co-Founder & Chief Technology Officer
Phil has over 20 years’ experience in technology. He is the Founder & COO of FunctionEight (IT services). He has served as SME & Start-up mentor, Committee Chair at British Chamber of Commerce (HK) and has a Bachelor of Science in Applied Computing from The Open University of Hong Kong.
Eugene Lim – Chief Investment Officer
Eugene has over 20 years’ experience in digital, e-commerce and start-ups. He has ran his own ICOs and leads a fund that invested in some of the well-known cryptocurrency brands. He also conducts blockchain labs for leading Fortune 500 companies and has an MBA from the University of Leicester and is an Economics graduate from Murdoch University.
Other team members are listed on their ICO page and everyone has their Linkedin profile listed.
The Peoplewave (PWV) token will fuel the Wavebase ecosystem and form the backbone of the utility program. The ICO is currently live and offers a 75% bonus till 6 June, 17:00 (UTC +8). Unfortunately you are already late for the first stage of the ICO, which offered a 95% bonus and was snapped up in no time.
It’s great to see that the company is very active and engaging on their Telegram, Twitter and Medium accounts, so if you want to stay up to date with the project or if you have any questions, be sure to subscribe to them.
We will be doing an interview with Peoplewave in the near future, so be sure to follow us on our social media (links are at the bottom of this page) if you want to be notified of when it’s published.
As always, for more details and to contribute, please head on over to Peoplewave’s ICO page. The ICO is already live.
The largest South Korean exchange UPBit passed the government inspection with flying colors.
Last weeks rumors began circulating around the internet that UPBit was suspected of sharing/ pooling liquidity with other exchanges, which prompted swift action from South Korean Financial Supervisory Service (FSS), Korean Financial Intelligence Unit (KIU) and Financial Services Commission (FSC).
It turns out it was all a case of much ado about nothing, as the investigators confirmed that UPBit’s balance sheet was as healthy as a fiddle. The audit by Yoojin, a major accounting firm in South Korea, was completed on 15th May and confirmed that the funds recorded on UPbit’s balance sheet perfectly matched the actual holdings of the company.
MoneyToday reported that “since early 2018, UPbit created snapshots of its multi-signature wallets and funds stored within them for auditing purposes. Yoojin accounting firm, a major accounting firm based in Seoul, confirmed that all of the funds on the UPbit platform match the cryptocurrency holdings of UPbit stored in its multi-signature wallets”.
The confusion stemmed from the fact that UPbit lists over 130 cryptocurrencies on their platform, however only 90 of them can be directly withdraw and deposited. The other 40 don’t have native wallets and must be converted to either Bitcoin or Ethereum.
Despite the successful audit, the event caused considerable FUD in the South Korean crypto markets and has damaged the reputation of the local crypto exchanges.
Ever since the Mt. Gox debacle, crypto markets have been very nervous and fearful of another major exchange scandal, therefore unnecessary FUD like this needs to be avoided in the future. Hopefully government officials will realize this sooner rather than later.
The most (in)famous stablecoin Tether is back in the spotlight, after it issued a fresh $250 million sized batch of its US dollar tethered crypto currency last Friday, 18th May 2018.
Tether has been the bad boy of crypto ever since they broke up with their auditing firm Friedman LLP following an unsuccessful audit attempt. Ever since then, speculation has been rife, whether their USDT token is in fact backed by USD on a 1:1 ratio or whether they are perhaps operating more of a fractional reserve type service.
As has been the case recently both Bitcoin and Ether rose in value immediately following the issuance of new Tethers. The rise has been modest though with Bitcoin only gaining about $120 and Ether increasing by just $10 within the 1st hour.
Tether has done a better job than most other stablecoins as it has in fact remained impressively stable, unlike TrueUSD, which rose to $1.36 last week following strong demand, then crashed back to 1.01 within 24 hours, leaving many traders mighty unimpressed and of course significantly out of pocket.
Also having Bitfinex, one of the world’s largest crypto exchanges, behind it does help Tether’s credibility as they could fairly easily provide $2.5 billion of liquidity if push came to shove.
As the landscape for stablecoins develops, we will see new players enter the fray, such as Goldman Sachs backed Circle stablecoin, and competition will do what it always does and produce a worthy winner. Until then, enjoy the show and trade smart!
Yet another #redday is upon us as crypto market continues to defy the bulls despite many bullish announcements and events.
In just three days, the crypto market has shed a whooping $42 billion off of its market cap. This is despite traditionally bullish news and events such as Consensus 2018 and a barrage of announcements from major Wall Street firms such as JPMorgan, New York Stock Exchange, Morgan Stanley and Goldman Sachs about getting ready to enter crypto trading.
This is a break from what we’re used to seeing in the crypto markets and is perplexing many commentators of this sector. But in fairness it’s perhaps not that unexpected given how fast the market rose from $250 billion to $450 billion in the month of April and early May. Since then we haven’t really seen a proper correction yet, especially among many altcoins, many of which more than doubled in value during this time. It’s also a classic case of buy the rumor sell the news when it comes to the Consensus conference. Last year was the exception not the rule.
Looking at the Bitcoin dominance chart, it’s obvious that the Altcoin correction is well underway, while Bitcoin is struggling to take off and it’s instead Ethereum that is growing its market share.
There seems to be renewed interest in ICOs with risk taking returning to the markets, but chasing the highest possible returns in new project as opposed to going into the established players. Why chase double digit percentage returns, when there are potential 1000x returns just one ICO away?
China’s Ministry of Industry and Information Technology surprised everyone by releasing a ranking table of various blockchain projects and ranking Ethereum at the top, while giving Bitcoin a disappointing (and unlucky) 13th place.
The top five blockchain projects listed were Ethereum, Steem, Lisk, NEO, and Komodo, which apart from Steem are all essentially smart contract platforms that can be used or building DApps. The criteria used for the ranking were allegedly technology, application, and innovation.
If Chinese is not your thing, here’s an English translation from Twitter:
4/ Detailed scores of the first crypto ratings by CCID Research, China's Ministry of Industry & Information Technology pic.twitter.com/7LiJIWokge
Somewhat surprisingly Monero made the list at number 9, despite many governments expressing their concerns towards privacy based cryptocurrencies like Monero and Zcash.
Bitcoin at #13?
But the big news is that the original and the number one cryptocurrency by market cap Bitcoin, was co-ranked with Verge of all cryptos at No. 13! How can this be, given that Bitcoin is by far the most secure crypto coin with the longest track record and the biggest and most active community of supporters and developers?
So far we can only guess, but the fact that privacy coins even made the list is just as surprising. It does hint at some effort at objectivity from the China Center for Information Industry Development (CIID), an institute that works closely with the government to advise on policy making in technology, which developed the rankings.
Ignoring the Bitcoin’s ranking it’s hard to argue with many other choices and hopefully this means that the Chinese government will consider a more open and friendly approach towards crypto in the future.
The new SEC’s fake ICO website is aimed at crypto newbies in order to teach them what a legitimate ICO website shouldn’t look like.
The SEC setup the bogus ICO website HoweyCoins.com, complete with a fake White Paper, as an educational tool to alert investors to possible fraud involving digital assets like crypto-currencies and initial coin offerings.
Once the would-be investor clicks on the About link at the bottom of the page, they are sent to the investor.gov page which greets them with the stark revelation that:
If You Responded To An Investment Offer Like This, You Could Have Been Scammed – HoweyCoins Are Completely Fake!
Further down the page they go into more detail behind the reasons for setting up the website and list a number of RED FLAGS such as:
CLAIMS OF HIGH, GUARANTEED RETURNS,
CLAIMS OF “SEC-COMPLIANT”,
INVESTING WITH A CREDIT CARD,
PUMP AND DUMP SCAMS,
which should alert potential investors of high probability of fraudulent actors being behind the website.
Every investment carries a certain level of risk, including registered securities (which is the main reason why they are regulated in the first place), so offering guaranteed returns is a dead certain scam giveaway, which everyone should be aware of at this stage.
“The rapid growth of the ‘ICO’ market, and its widespread promotion as a new investment opportunity, has provided fertile ground for bad actors to take advantage of our Main Street investors. We embrace new technologies, but we also want investors to see what fraud looks like, so we built this educational site with many of the classic warning signs of fraud. Distributed ledger technology can add efficiency to the capital raising process, but promoters and issuers need to make sure they follow the securities laws. I encourage investors to do their diligence and ask questions.” SEC Chairman Jay Clayton explained in a press release.
It’s probably safe to say that the SEC hasn’t been particularly crypto friendly as of late, however we see this as a positive move to help educate the masses on the difference between a legitimate and a fake ICO website. There are definitely both types out there.
Owen Donley, SEC Chief Counsel, explained how scammers
“can quickly build an attractive website and load it up with convoluted jargon to lure investors into a phony deal. But fraudulent sites also often have red flags that can be dead giveaways if you know what to look for.”
The SEC have shown that they do posses some degree of humor, as the fake coin’s name references the famous Howey Test, which was created by the Supreme Court for determining whether certain transactions qualify as “investment contracts.” If so, then under the Securities Act of 1933 and the Securities Exchange Act of 1934, those transactions are considered securities and therefore subject to certain disclosure and registration requirements.
Here at 2100news we do our best to vet any ICO project that we promote or list, however it’s very important that you always do your own research. If something sounds too good to be true it virtually always is. Just remember bitconnect and all the promoters who were pushing it all over YouTube. The real actors stayed well hidden and in the end ran away with millions. It’s been 4 months since the shutdown and we still don’t know who they are or if the investors will ever see their money again.
Crypto is getting complicated, so it’s more important than ever to stay well informed. Be sure to subscribe to our social media channels (all links at the bottom of this page) to stay ahead of the pack.
Beginning on 4th June 2018, the CME Group will be listing real time Ethereum price, officially referred to as the “Ether-Dollar Reference Rate”.
CME is well known in the crypto markets for being only the second mainstream exchange to list Bitcoin futures, which effectively ended Bitcoin’s crazy bull run at the end of December 2017.
According to Tim McCourt, Global Head of Equity Products and Alternative Investments at CME Group, the Ethereum Reference Rate and Real Time Index, are designed to provide price transparency and a credible price reference source in order to further the development of Ethereum.
The listing of Ethereum reference price by the CME Group is a result of cooperation with Crypto Facilities, which is a crypto trading platform based in London. The price will be based on data from Kraken and Bitstamp, two of the largest and oldest crypto exchanges in the market.
“Ether, the second largest cryptocurrency, experienced incredible adoption and growth in 2017, evolving into the leading blockchain for smart contracts. We are excited to be contributing to the strong community that has developed around the Ethereum network by providing a reliable reference rate and real-time Ether-Dollar price.” – CEO of Crypto Facilities, Timo Schalaefer.
Crypto Facilities is a well respected financial trading platform with its own virtual currency exchange and has been providing cryptocurrency price information to many large financial institutions around the world.
Former investment banker turned blockchain entrepreneur is launching a crypto platform for buying eternal life.
Whatever people think about Bitcoin, there’s no argument that blockchain is the technology of the future and if Eternal Trusts’ CEO Kirill Silvestrov has his way, it will soon be possible to purchase eternal life on the blockchain as well.
The idea behind the project is that there are over 16 million millionaires in the world today, and at least 10% of them would pay a significant amount of money to radically prolong their lifespan and improve their standard of living.
The problem that even money can’t fix yet is called aging, to which eventually even the richest people in the world succumb to. Currently it is a complicated legal and regulatory process to freeze your body or stem cells in the hope of eventually being resurrected when the technology allows for it.
Eternal Trusts company plans to bring together the necessary legal, financial and medical expertise and utilize blockchain technology’s smart contracts to simplify this process. You will be able to set up a smart contract that will place your wealth in a secure trust after you pass and ensure that once the technology is available the smart contract will automatically execute and you will be brought back to life or cured of some currently incurable disease without any third party interference.
Eternal Trusts will essentially enable high net worth individuals to buy access to future medical technology via a smart contract. How’s that for an innovative idea?
This will be no easy project to deliver from a technological and legal point of view, so the success will heavily depend on a very strong team of experts. Thankfully the Eternal Trusts team has no shortage of experts.
CEO – KIRILL SILVESTROV, MBA
Investment banker with more than 15 years of experience on C-level positions. Portfolio investor in biotech companies. MBA from INSEAD business school.
Head of Legal, establishment and administration of trusts – MARK LEA
Mark is an ex-adviser to the Government of Singapore on the establishment of trust legislation and the Trustees Act of Singapore. Under his leadership, changes and additions were made to the Hong Kong Trust Law. He is an adviser to the Malaysian government on the development of the Labuan legislation, including the Trust Law, the Associations Act, the Foundations Act. He is an international adviser to the Government of Samoa and is the creator of the new law on trusts Foundations Law & Trustee Companies Bill.
Chief Investment Officer, asset Management – BENOIT VULIC, CFA
More than 10 years of asset management experience in leading global investment companies. Experience in managing “funds of funds” and active portfolio management. Developer of the Eternal Trusts investment strategy .
CFO – ARTEM ANANYAN
Economic analysis and financial modelling professional with 15 years experience. Majors in capital markets for over 10 years now. Has extensive skills in tailoring investment projects and deals in fields of stock market, mutual investments and securitisations.
CTO – ALEXANDER GORSHENEV
Full stack developer with 10 years of experience, founder of VistaComputers, Loborato, Reflexit. Specializes in automation software, web solutions, ERPs, CRMs. More than 2 years of experience developing blockchain applications and smart contracts for ICO projects (1440.world). Leading a team of 44 developers since 2008.
Roadmap – the Minimum viable product (MVP) is already finished!
The ICO is currently in the presale phase and offers attractive bonuses.
Distrubution of funds and tokens
Eternal Trusts (PreICO) currently has a rating of 4.9 on ICOBench from 14 experts with universally positive comments.
Eternal Trusts looks like a very interesting project and with huge potential. For more information please visit eternaltrusts.io.
Mt. Gox ghosts are stirring up trouble again as 8,200BTC leave their wallet.
You probably got a bit of a shock his morning during your daily coinmarketcap.com refresh with red color all over the front page. It turns out that the Mt. Gox trustee, who was tasked with selling about 200,000 bitcoin after the bankruptcy of the now-defunct cryptocurrency exchange, is suspected to have unloaded another 8,200 bitcoin onto the cryptocurrency market.
If we ignore some of the nonsense FUD spread by Warren Buffett, Charlie Munger and Bill Gates on CNBC recently, the news has been mostly bullish in the last few days, so this market drop has undoubtedly caught many by surprise.
The market seemed to be gearing up for major institutional players to enter the cryptocurrency space, which should have encouraged the bulls to get in ahead of Wall Street.
“I’m actually a bit shocked that the market did not pick up on this. Dominic Chu of CNBC said that investors will get physical delivery of bitcoin. That doesn’t sound that interesting except for the fact that it means ICE Exchange has a custody solution. That has been the big hurdle. How do you hold onto these assets. These are generally bearer instruments, just like gold bearer bonds. That’s the big deal. They have come up with a custody solution for institutional holders,” said CNBC’s Fast Money contributor and BKCM founder Brian Kelly.
According to Kelly the cryptocurrency market is very volatile due to the relatively low daily trading volume compared to other traditional assets and markets like the NASDAQ and gold. As such, the movement of funds of less than a billion dollars can disproportionally impact the market rates of cryptocurrencies, especially if large amounts of bitcoin are sold on public exchanges.
Despite the criticism from the crypto markets, the Mt. Gox trustee has continued to sell large amounts of bitcoin on public cryptocurrency exchanges, which has led to a very timid and reactive price of Bitcoin and in turn the whole cryptocurrency market.
The OTC Option
Many believe that the Mt. Gox trustee should use Over-The-Counter (OTC) markets, where large-scale investors are looking to purchase large amounts of Bitcoins and are therefore much more appropriate for large transactions. It appears that the trustee has however continued to sell on the public exchanges, where the drop in price due to the dump cascades to the crypto market as a whole.
On the other hand, this may create an opportunity for brave traders to pick up some cheap Bitcoin 🙂
Sharpay is proposing to leverage blockchain technology to monetize social media sharing.
Most people don’t realize that when they share on-line content with their friends, they are essentially providing free advertising to the publishers of that content. That is advertising that would otherwise cost them dearly if they payed Google or Facebook for the same traffic, plus they get the benefit of social proof, since your friends trust you and are far more likely to pay attention to content that you recommend.
So far, there has been no practical way to reward users for their sharing, since the fees and middle men would make the entire process too expensive and inefficient. Thanks to the advent of blockchain technology and the low/no fee micro-payments which it enables, this has now become much easier and the team at Sharpay are well positioned to take full advantage of this fact.
Sharpay will enable token payments and multisharing, i.e. one-click sharing to multiple social networks. This is the only project in the world, which implements both of these solutions simultaneously, and the technology is protected by Eurasian international patent priority. The development of this project dates back to 2012 and is already at a minimum viable product stage.
In comparison with its predecessors, Sharpay has the following advantages:
If you have any doubts about Sharpay’s business model, rest assured that social media sharing is a huge industry. Not long ago, AddThis.com, one of the most well-known world aggregators, was taken over by Oracle with an appraisal of $175 million (1). Sharpay estimate that the future capitalization of their platform should surpass AddThis.com’s performance by at least a factor of two. Sharpay’s market valuation is estimated to reach $400 million in 3 years, and $1 billion in 5 years.
If you spend even a little bit of time on Facebook, YouTube and Instagram you will be well aware that every single influencer/publisher on the web is constantly asking you for likes and shares? That’s because they are what gives their content value. Without likes and shares they wouldn’t be able to build an audience and without an audience their content will not make any money and they will soon fade away.
Likes and shares are the oxygen that drives the world wide web. They provide huge value to both publishers and platforms by promoting high quality content, and it’s only fair that viewers are fairly compensated for their contribution. Tokens earned can then be spent on accessing premium content or simply sold for fiat on an exchange.
From a technical point of view, Sharpay will initially issue tokens under the ERC-20 standard on the Ethereum blockchain, but then transition to a fork of the BitShares’s blockchain, due to its much higher transaction rate.
The CEO of Sharpay is IT entrepreneur, blockchain activist and inventor Anton Solodikov. Previously he was the CEO at Balalike LLP UK (development of content monetization systems) and CMO at GOLOS.io (blockchain and social network, tokens x20).
Igor Karavaev is the CBDO. He is a former Executive director at the Skolkovo Foundation, the leading Russian business incubator of start-ups, and also a former Director of strategy and business development of some of the largest Russian corporations.
Arkady Yasashny is the CFO. He is a former top manager for some of the largest Russian banks (VTB, MDM, Union) and an entrepreneur and investor in high-tech start-ups.
Alexey Stukarchuk is the CTO. He is a blockchain enthusiast, experienced developer of ERP and CRM systems for international companies (including Skoda, Bosch, Ulmart), mobile application developer (iOS, Android) and development team leader.
They also have some high profile advisers like Ken Huang, Chief Blockchain Scientist, VP at Huawei Technologies and Simon Choi, TOP 10 at ICObench, Fintech & ICO Lawyer.
Following the pre-sale between 11th December 2017 and 11th February 2018, their ICO public sale has been underway since 1st march 2018 and will conclude on 31st may 2018. They have already successfully reached their soft cap of $3,000,000 and have so far collected 7638 ETH, which shows great interest from contributors. They also received excellent ratings from ICO Bench (4.8) and Track ICO (5.0).
Sharpay.io is a top rated project evaluated by 103 independent experts on ICOBench with the overall rating of 4.8,
The project is in the MVP alpha testing stage, but hundreds websites have already installed Sharpay buttons,
The product’s technology has the Eurasian international patent priority,
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