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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: finterra on February 09, 2018, 04:19:36 AM



Title: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on February 09, 2018, 04:19:36 AM


Introduction

Finterra is a cloud based financial services platform designed to harness both individual and corporate financial needs in a seamless and integrated platform. The creative brainchild of a round table of visionaries set out to make finance simple again, Finterra integrates time tested financial services and cutting edge financial technology on a blockchain ecosystem enabling transparent, accountable and secure financial services.

Headquartered in Hong Kong, Finterra’s global presence includes Singapore and Malaysia. The next stage of scheduled expansion kicks off in Abu Dhabi, Dubai, Geneva, and New York. Established with the aim to promote community growth and development, Finterra offers a truly global, fully inclusive financial platform that aims to bridge the gap between consumers and providers. Users in the Finterra ecosystem are able to use their FIN on e-commerce platforms for a wide range of financial services. It offers the world’s first borderless block chain driven, zero fee cloud based platform.

Finterra currently has an extensive network across Asia which comprises of the following financial hubs:

Finterra Ventures Ltd Hong Kong
Finterra Ptd Ltd Singapore
Finterra Technologies Sdn Bhd Malaysia
Vision

We at FINTERRA are proud to have reached the point where we can share a new vision with the world.

Our vision is to become a global technology leader in financial services, promoting community growth and development.

Mission

The journey although long has been well worth it, an idea brought from the cloud has grounded and moulded our thought process into the company we are today.  We have handpicked our international team of advisers, directors and specialists, who are passionate about our vision of what our company will be.

Our mission is to create a platform that educates, informs and inspires, while enabling freedom to earn, save and spend.

Main site:
http://finterra.org/

IO site
https://finterra.io/index

Facebook
https://www.facebook.com/finterra2u/

Twitter
https://twitter.com/Finterra2u

Youtube
https://www.youtube.com/channel/UCHG9Lq3s7psrMVNDuf3A6rQ/featured?disable_polymer=1

Telegram
T.me/finterra2u
 (http://T.me/finterra2u)
WeChat
Finterra


https://i.imgur.com/iPmOMYI.jpg

https://i.imgur.com/QglNHaf.png

https://i.imgur.com/cj6ini2.png


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on April 09, 2018, 03:59:07 AM
An Article by Reuters
https://www.reuters.com/article/us-islamic-finance-fintech/blockchain-venture-aims-to-modernize-islamic-endowments-idUSKBN1FW0C8

Blockchain venture aims to modernize Islamic endowments

https://i.imgur.com/Ol967od.jpg

SYDNEY (Reuters) - A new venture aims to use blockchain technology to modernize the management and investments of Islamic charitable endowments, called waqf, that would tap into a vast but underutilized pool of assets across the Muslim world.
Singapore-based financial technology company Finterra has developed a crowdfunding platform that uses digital ledger technology, or blockchain, to create “smart contracts” that would be tied to specific waqf projects, said Finterra founder and Chief Executive Officer Hamid Rashid.
The firm hopes this can provide a more efficient way to raise money, manage and transfer ownership of waqf, which receive donations from Muslims to operate social projects, such as mosques, schools and welfare schemes.
“We are trying to change the financial terrain in its approach to crowdfunding and development of waqf,” said Rashid in a telephone interview.
Finterra’s plans reflects the interest that a number of fintech companies have in broadening their footprint to include core Islamic finance markets in the Middle East and Southeast Asia.
The company started developing its blockchain platform in October, with pilot projects currently being studied from endowments in Singapore, Malaysia and Indonesia, said Rashid.
“By June we hope to have the product fully up and running and we can then start onboarding clients. We can then promote to global waqf boards and to regulators.”
The firm will host a forum in Kuala Lumpur, the capital of predominately Muslim Malaysia, next month to discuss the applications of blockchain for waqf, having attracted interest from waqf bodies in Brunei and India.
Islamic endowments are believed to hold large portfolios of real estate, commercial businesses and other assets, with an estimate of as much as $1 trillion of assets held in waqf globally.
The waqf concept dates back more than a thousand years, reaching its heyday during the Ottoman empire.
But, the assets in many waqf are underutilized and earn low returns because of ineffective management, with some waqf requiring further donations to keep running.
Donations must be pledged to specific goals making it difficult to repurpose a waqf, limiting fundraising from banks which can find it difficult to liquidate such assets.
The use of blockchain could address this by tracking each contract electronically across the lifespan of the investment, said Rashid.
A potential waqf project being currently studied involves the redevelopment of a school in Jakarta, Indonesia, into a commercially-viable property, he added.


Reporting by Bernardo Vizcaino; Editing by Christian Schmollinger


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on April 09, 2018, 08:41:32 AM
Decoding Modern Waqf : A Social Blockchain Solution for Saudi Arabia


https://i.imgur.com/fw7V0TH.jpg

There has been a gradual realization of Waqf  as a pertinent tool that has the potential to enhance economic, financial, social and other aspects of human life.  Waqf  has taken place in many Islamic countries for centuries and as in definition, Waqf  is the holding of one’s property and preserving it for confined benefits of certain philanthropy with no divergence.

A new venture aims to use blockchain technology to modernize the management and investments of Waqf , that would tap into a vast but underutilized pool of assets across the Muslim world.

Singapore-based financial technology company Finterra has developed a platform that is socially, economically and, morally viable for the global development of Endowment (Waqf ) assets, via crowdfunding, and under the privy of regulatory compliances.

“Finterra’s Blockchain solution is developing and growing, we are finding new and innovative ways of using our BlockChain platform to implement new solutions in various business lines. But our main aim is to re-invigorate and bring a solution to the 800 year old problem of Waqf . Through our platform we will make it easier for Land/Property Trustees, Waqf  Boards and even individuals to develop and realise monetary values on their assets that will benefit the communities and societies that the Waqf  was intended for,” said Hamid Rashid, Founder and CEO of Finterra, who will also be speaking at Decoding Blockchain KSA this April.

Waqf  in Saudi Arabia is well organized across the public and private sectors generally; yet, this organized structure of Waqf  does not keep pace with the growing and diversified nature of Waqf  as a whole sector which requires reconsideration of the managerial aspects of Waqf  in Saudi Arabia.

According to the Awqaf Board in Saudi Arabia there are approx 124,000 Waqf  properties and land parcels in the country, and a BlockChain platform could help develop, re-develop and  build new projects using  Shariah compliant Smart Contracts.

The Waqf  Blockchain solution can give users financial freedom by making transactions more efficient and transparent. Users in their ecosystem are able to use their platforms for a range of activities like utility payments, telco top up purchases and flight and hotel bookings, all at a discounted rate. Finterra’s fully inclusive financial platform that aims to bridge the gap between consumers and providers, offers the world’s first borderless blockchain driven, zero fee cloud based platform.

“The Waqf  BlockChain solution is really a first, we have spent a lot of time and consultation with various Waqf  Boards and experts in Waqf  & Shariah to create a solution that will work and more importantly be Shariah compliant,” added Hamid Rashid.

He firmly believes that blockchain solutions are definitely the way forward with regards to Waqf  management and that its efficiency, transparency, and cost effectiveness will benefit the society at large.

In light of these developments, Bizwingz Production House is hosting Saudi Arabia’s very first blockchain conference, Decoding Blockchain KSA 2018. The conference offers unique networking opportunities for attendees to connect with Fintech and Blockchain industry leaders and innovators who are looking to explore the distributed ledger technology, while providing an ideal platform to understand the promising technology of Blockchain in the modern Middle East world.

The conference offers VCs, bankers, government officials, payment companies and more the opportunity to not only actively exchange information but to also establish powerful strategic alliances.

The conference will present a range of speaker sessions through which participants are given the opportunity to meet with innovators who offer business solutions that will help banks and financial institutions reduce costs and improve efficiency and integrity.

Come watch the best minds in the blockchain industry from across the pan-Saudi region, as well as the rest of the world, convene on a single platform on the 23rd and 24th of April, 2018 at (venue).

Registrations are open – Ensure your participation for the ultimate knowledge-sharing conference at the earliest.

Register Your Interest (http://www.decodingblockchain.com/)

Feel free to reach out to the below contact for further discussion concerning your attendance at the conference.

Source
http://www.eyeofdubai.ae/news/details/decoding-modern-waqf-a-social-blockchain-solution-for-saudi-arabia
 (http://www.eyeofdubai.ae/news/details/decoding-modern-waqf-a-social-blockchain-solution-for-saudi-arabia)


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: supernva on April 09, 2018, 08:45:34 AM
Too much text but I still can't understand what do we need your project for


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: 3dyx on April 09, 2018, 09:00:12 AM
can you describe to me about the focus and purpose of this project. thank you


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: Freaks on April 09, 2018, 09:06:49 AM
can you describe to me about the focus and purpose of this project. thank you

I also have the same question into my mind what is purpose of this project and how could they make involve the community into this project. They are planning to launch ICO or directly put this token to exchanges still nothing clear about that.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on April 10, 2018, 07:53:22 AM
Too much text but I still can't understand what do we need your project for

Please do check out our corporate video.
https://www.youtube.com/watch?v=BSYDYOmJrdo
 (https://www.youtube.com/watch?v=BSYDYOmJrdo)



Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on April 11, 2018, 02:22:43 AM
can you describe to me about the focus and purpose of this project. thank you

I also have the same question into my mind what is purpose of this project and how could they make involve the community into this project. They are planning to launch ICO or directly put this token to exchanges still nothing clear about that.


Please have a look at our corporate video and sites, we are essentially a platform that allows people to crowdfund endowment projects & create their own smart contracts through an intuitive easy to use GUI/developers environment, loyalty points exchange, global crypto Exchange Integration and Blockchain integration(through COSMOS).


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: starblocks on April 14, 2018, 10:26:52 AM
How does this project compare to ArabianChain who are developing blockchain solutions for government and enterprise use in the middle east?


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on April 17, 2018, 04:09:02 AM
Finterra aims to put Waqf/Endowments on the blockchain, imagine if money didn't need to be squandered, money that was supposed to be used for charity. This could be the game changer we need in the endowment sector as it will bring about the transparency of transactions which can avoid misappropriation of funds by project managers, endowment managers, and stakeholders as well. The transparency will also allow the public to regulate the projects and call out any discrepancies they find in project proposals. Finterra also plans on having a loyalty point exchange that allows users to trade loyalty points for other points, therefore not limiting users' loyalty points to only one brand or company but allowing them to freely use it within our E-cosystem which will have vendors and services like flights & hotel bookings, utility bill payments, telco top-ups, and so much more.

Not to mention that Finterra will feature an open source developers environment complete with an easy to use GUI with will allow even the layman to make their own smart contracts, therefore allow the ease of use for endowments and business smart contracts. Finterra doesn't just plan on changing the business industry but rather bringing the old world into the new one beginning with the endowment sector. Finterra already has over 70,000 users on their ecosystem.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on April 27, 2018, 06:51:26 AM
https://i.imgur.com/hdzOy9t.jpg?1


FINTERRA signs with PALMEX Exchange for listing in Middle East


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on April 27, 2018, 07:12:44 AM

https://i.imgur.com/QWdfA19.jpg


At the World Blockchain Forum 2018, in Moscow (26th April). FINTERRA showcased as a true Social Solution for Blockchain.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on April 27, 2018, 07:35:39 AM
https://i.imgur.com/zSaxwZk.jpg

With the increase in demand for equity-based funding, Musharakah will aim to help alleviate the Islam banking industry and lead Malaysia into a new dimension of innovative and attractive product offerings.

https://i.imgur.com/8L0ROSc.png

Musharakah: An Islamic term for partnership. It refers to two or more persons jointly owning an item or contracting jointly for profit

https://i.imgur.com/Zg66fPu.png

Shirkat-ul-‘aqd: A partnership created through a contract. This can also be translated to mean a type of joint commercial enterprise.

The breakdown of Shirkat-ul-‘aqd
a) Shirkat-ul-amwaal (Partnership by investment):
This shirkah or partnership is formed when partners invest some small capital into a business.

https://i.imgur.com/umWnbnb.png

b) Shirkat-ul-a‘maal (Partnership by work):
This is where all the partners jointly undertake to render some services for their customers, and the fee charged from them is distributed among them according to an agreed ratio.

c) Shirkat-ul-wujooh (Partnership by face):
Here the partners have no investment at all. All they do is that they purchase items on credit and attempt to resell them for cash at a higher price. The resulting profit is shared among the partners after the debt is repaid from the proceeds.

https://i.imgur.com/1q4pKea.png

Shirkat-ul-milk: Joint ownership between the parties involved, where each party has provided capital in order to purchase a particular property.

This implies that one partner is buying another partnership’s share gradually and the process continues until full ownership belongs to a partner. Once all shares of one partner has been bought by his/her partner then Musharakah is no longer exist.

Finterra’s Endowment Chain community are in an essence, contributing capital to develop land provided by a waqf agent into commercial properties. It is worth to understand that once the partnership has been set up, all partners are co-owners. Based on this premise, there is a need to provide a broad framework to facilitate the healthy involvement of such contracts in the Islamic banking industry.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: rachelshineofstar on April 28, 2018, 04:21:06 PM
Where we can find your concept and test it? When you add more information about project and team?


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: murphylovelyly on April 29, 2018, 03:03:48 PM
The team members should be listed on the website. It's hard to totally believe when I do not have a good know about the team - that should be the first thing on the website.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on May 08, 2018, 02:01:45 AM
The team members should be listed on the website. It's hard to totally believe when I do not have a good know about the team - that should be the first thing on the website.


The team can be found here and on linkedin actually.
http://finterra.org/about/#our-team


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on May 08, 2018, 02:02:48 AM
Where we can find your concept and test it? When you add more information about project and team?


The Open test net will be available soon.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: saobien1920 on May 08, 2018, 09:33:03 AM
Good project! I'm waiting for good news and a bright future! ;D


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: inigoes on May 14, 2018, 02:22:31 AM
Good project! I'm waiting for good news and a bright future! ;D


https://i.imgur.com/dVC2Pph.png

Nairobi, Kenya – Finterra is pleased to announce that we have officially launched our fintech services in Kenya today. The block chain summit last month inspired our entry to the Kenyan market where we noticed increased interest and uses cases in sectors that would benefit from the blockchain technology.

Kenya is the first country in Africa to set shop in. Finterra’s motivation to launch their services here in Kenya is due to the technology advancement and high rate of adoption of new technology case in point M-PESA.

“Surprisingly very many institutions are running on block chain, the New York stock exchange, standard chartered bank remittances and Singapore airlines all run on blockchain technologies. There many use cases coming up, which will bring blockchain to the mainstream giving value to the technology.” Hamid Rashid CEO Finterra.

Finterra is set to meet with various stakeholders and regulators in the country and discuss more on blockchain technology user cases and streamlining efficiency.

“I hope to share with the regulators that they should not to worry about the technology, earlier use cases where initial coin offers (ICO’s) were raised outside the regulatory frame work and social security’s which money laundering activities.” Hamid Rashid CEO Finterra

“Finterra has been in operation for the last six month with about 400,000+ users on the platform, with registered presence in 5 countries namely Singapore, Kuala Lumpur, Hong Kong, Abu Dhabi and New York.” adds Mr. Rashid

The Fintech company plan to introduce Land management and Ecommerce use cases in the country.

Land registries will be able to run on blockchain technology doing away with cases of duplication of title deeds under different names.

“To make the best use of these endowed gifts, the Endowment Chain allows participants to create project proposals to develop and invigorate endowment properties. Others can fund these project proposals by contributing funds. If the project goals are met, the project proposal is accepted and a certain number of Endowment tokens are created and distributed to the participating funders.” Hamid Rashid CEO Finterra.

The e-commerce platform Finterra subscribers will be able to exchange goods or services online without having to deal with of time or distance. The company will partner with telco services, carriers, hotels and pre-pay T.V Channels.

 

ABOUT FINTERRA

Finterra aims to be a global leader in next generation Fintech, providing “Social Solutions for Blockchain”. We are committed to the continuous growth of our community and the technical advancement of the Finterra Blockchain model. Our ongoing purpose is to promote community growth and development, offering a truly global, fully inclusive platform, bridging the gap between consumers and providers through multiple services that include an Open Source Development platform, Loyalty Points Exchange and an environment that supports the development of Endowment (WAQF) assets.

The Foundation is headquartered in Geneva with satellite offices and teams across Singapore, Kuala Lumpur, Hong Kong, Abu Dhabi and New York.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: AmoreJaz on May 14, 2018, 02:31:34 AM
this project has so much happenings going on but why it doesnt attract users here? they are posting photos but are all authentic? because if all info posted here are legit then the team needs to market this as their mission is really nice even for ordinary individuals.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: Eliza beth on May 14, 2018, 03:48:23 AM
Successful project turned out and judging by the reviews really with a very good reward.
egretia


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: hastosambodo on May 14, 2018, 04:04:21 AM
great project and very innovative, many benefits of your project for the community. hopefully for a smooth development and many people who are interested in your project.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: Brianna20487 on May 14, 2018, 06:47:53 PM
I like the concept and I think this project will have a big future . I'll support as far as possible ;)


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on May 16, 2018, 03:03:29 AM
this project has so much happenings going on but why it doesnt attract users here? they are posting photos but are all authentic? because if all info posted here are legit then the team needs to market this as their mission is really nice even for ordinary individuals.


we will do our best to do so.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on May 16, 2018, 03:15:39 AM
Finterra hosts the first ever International Waqf and Blockchain Forum in the Middle East

https://i.imgur.com/69veqAw.jpg


• Under the leadership of Mr. Hamid Rashid, Founder & CEO of Finterra, the forum was hosted at
the Shangri-La on May 7 at 8 AM.

• The overall objective of International Waqf and Blockchain Forum 2018 is to establish clarity and
a collective understanding of the potential of blockchain technology for supporting the facilitation
and development of waqf on a global scale whilst also promoting new economy alternatives to
enhance Muslim unity.

• The awards bring together distinguished personalities and modern-day icons from the world of
Waqf, Islamic Finance and Technology, giving recognition to individuals and corporations for their
leadership and unrelenting contribution in research and philanthropy.

May 7, 2018, Dubai, United Arab Emirates: Finterra, a truly global, fully inclusive financial platform that
aims to bridge the gap between consumers and providers hosts the first ever International Waqf and
Blockchain Forum with the theme of “Harnessing the Power of Blockchain technology for the Global
Development of Waqf”. The forum will serve as a platform to explore the boundaries of new waqf
developments and initiatives. It will shed light on new thoughts and ideas, in the quest for transformation
and management of a sustainable socio-economic path for Muslim nations across the entire globe.

Commenting on the success of the forum, Mr. Hamid Rashid said, “Dubai is a budding sphere of
opportunity that encompasses the fast-growing Middle East, Africa and South Asia (MEASA) markets,
which are undergoing substantial demographic shifts and have younger, more technologically savvy
populations. We are extremely host the first ever forum here, to collectively use blockchain technology
to modernize the management of Islamic development.”

He added that “The IWBF platform is there to establish clarity and a collective understanding of the
potential that blockchain technology possesses for the facilitation and development of Waqf assets on a
global scale, whilst also promoting new economy alternatives to enhance Muslim unity”.

H.E. Prof Dr. Koutoub Moustapha Sano, Minister in the President Office and Diplomatic Advisor to the
President of the Republic of Guinea was the key delegate and awarded for his excellence in Waqf
initiatives and development. The forum was also graced by key dignitaries and industry experts such as
the Honourable Minister, Mr. Amin Pathan from The Haj Committee of Rajasthan. The attendees also
witnessed the signing of key Memoranda of Understanding with the Canadian University Dubai. Prof Dr
Syed Khalid Rashid was awarded for his excellence in Education & Practice.

Key speakers:

• Professor Dato Dr. Sano Koutoub Moustapha – Minister in The President Office & Diplomatic
Advisor to The President of The Republic of Guinea

• Assoc. Prof. Dr. Magda Ismail Abdel Mohsin – Associate Professor at International Centre For
Education in Islamic Finance (INCIEF)

• Umar Oseni – Executive Director, Legal & Compliance International Islamic Liquidity Management

• Mr. Hamid Rashid – Founder & CEO Finterra Blockchain

• Prof. Dr. Monzer Kahf – Professor of Islamic Finance & Islamic Economics, USA

• Hj. Mazlan Ahmad – Executive Chairman – Finterra


source:
http://www.finterra.org/2018/05/15/finterra-hosts-the-first-ever-international-waqf-and-blockchain-forum-in-the-middle-east/
 (http://www.finterra.org/2018/05/15/finterra-hosts-the-first-ever-international-waqf-and-blockchain-forum-in-the-middle-east/)


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on May 16, 2018, 05:00:51 AM

Join our Telegram group and ask the Finterra team directly, any questions you have about the exciting things we are building.

Our CEO himself, Mr. Hamid Rashid might even answer you directly!

Come and join the discussion today!

Drop us a note in the comments below when you've joined and we'll pick someone to win some exclusive Finterra swag!


Telegram
t.me/finterra4u (http://t.me/finterra4u)


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on May 17, 2018, 06:45:57 AM
Blockchain Giant, Finterra to Partner with Omani Technology Firm National Technology & Services, (NTS) In a Landmark Agreement



MUSCAT, OMAN – Asia’s blockchain scene is about to get a boost, as new agreements were inked on Tuesday (May 1) to enhance cross-country partnerships and co-innovation between Oman and Malaysia companies.

This took place at the biennial Oman Global Tech & Investment Summit 2018 held at the Grand Hyatt, where a slew of memorandums of understanding (MOUs) were signed.

The planned Oman Global Tech & Investment summits targeted to bring billions of dollars’ worth FDIs, hundreds of latest technologies, products and services to Oman which can generate thousands of new employment & entrepreneurial opportunities to Oman for long time to come.

To improve market access for endowment (Waqf) assets from both countries and promote Malaysia as an ideal regional launchpad for the first ever endowment (Waqf) platform on blockchain, Finterra signed an MOU with National Technology & Services, (NTS). Finterra’s Endowment Chain allows participants to create project proposals to develop and invigorate endowment properties by placing these underdeveloped properties on blockchain.

Both organisations will facilitate bilateral partnerships for innovation, knowledge exchange and the sharing of best practices.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on May 22, 2018, 04:44:52 AM

Using Blockchain For Identity Management 

Solving the current state of identification management

 

In mid-2017, an Equifax data breach exposed 145.5 million users’ data. The breach was caused by a software flaw which allowed the hackers to take over the company’s website. 

Currently, people receive many different identification certificates, including social security and medical ID cards; however, their personal data may be stored in many places, including their bank, their insurance company, and on any subscription software they use, such as their Netflix account. Any of these intermediaries could be hacked, exploiting their users’ personal information.

To combat money laundering and other illegal financial activities, financial services firms must comply with know your customer (KYC) processes. These firms collect and verify identity information to screen new customers and assess risk. The process is slow and expensive—estimates of KYC costs are upwards of $15-$20 per new customer enrolled.

For better identity management, let’s explore some of the solutions that blockchain’s most prominent features could bring;

 

Better control over personal data

In blockchain, users know what data is collected about them and how they are processed. Due to blockchain’s open nature, any modification of the protocol requires the consensus of the nodes, meaning optimum transparency and security for all users.

 

Improved privacy   

With the transparency of the ledger, the combination of secure end-to-end encryption of communication also help reduce the privacy concerns arising from the public nature of the ledger.

 

Engage in relationships with more trust

Blockchain removes the middleman and allows citizens to manage their own identity, allowing them to be better managed and traced to its source.

 

Identity management provides a promising opportunity to moderate identity theft and fraud and reduce overall costs and time. While cybersecurity concerns are a real concern still, improved technology will build trust in this new way for people around the world to manage their identity.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on May 25, 2018, 04:17:31 AM
https://i.imgur.com/0OvmhGI.jpg

What is the solution to the Loyalty Rewards problem?

 

As of 2017, the estimated value of the global incentives and rewards industry was approximately US$320 billion with an annual growth of 6% expected thereafter. According to a survey by Code Broker, The Nielsen Company, 76% of the consumers simply do not use their shopping incentives and the 2016 Bond Loyalty Report states that from loyalty programmes across all industries, the percentage of active members was only 50 percent and of this 10 % had never redeemed their rewards. The Bond report also showed that loyalty reward members who do redeem their reward points were 2.7 times more likely to defect from a programme and join another.

So why the low redemption rate?

Loyalty points, for the most part, are not convertible to cash and due to their nature, consumers own an excessive amount of loyalty points they do not redeem. Merchants and big chains devote numerous resources keeping track of loyalty points, and marketing their programmes. However, only a small percentage of these get redeemed for products people actually want, resulting in considerable company resources being wasted and customers paying for points they do not use.

The reason consumers are ignoring so many rewards programmes is because the majority of programmes look the same. Each provides, to varying degrees, some form of bonus, some form of discount, or some sort of privileged access. Considering loyalty points are powerful tools to trigger purchases, there is a surprising apathy towards their utilisation.

In addition, due to the inflexible nature of reward points and shopping incentives, consumers are not easily able to transfer exchange or sell them to other users. With an ever-increasing number of loyalty cards in wallets and purses, highly impractical for use on a daily basis as they to be constantly carried around in physical wallets, it is not surprising that consumers have difficulty utilising their points.

Finterra’s Loyalty points Exchange

Finterra’s Loyalty Points Exchange looks to change that by enabling the secure exchange of Merchant Loyalty Reward Points, adding liquidity to currently unused loyalty points by allowing consumers to buy/sell / transfer/exchange / and gift their loyalty points for products and services from merchants on the points exchange ecosystem. Being able to use their Loyalty Reward Points in this way creates a situation where reward points have an actual value and puts the buying power back into the hands of the consumer.

With the exchange, being built on Finterra’s Blockchain IP and accessed online, multitude brands and merchants can be carried on a smartphone, without the need to carry excessive loyalty cards. The added bonus of this being both the consumer and the merchant can see and verify the transactions in real time and records updated immediately.

Finterra Blockchain offers the possibility for unique (and uniquely verifiable) items and having this information on a smartphone means a precise geolocation can be used to offer increased value to existing customers and new customers through the exchange ecosystem. Additionally, the valuable data gathered from the transactions that take place through smartphones and online via eWallets allows merchants, and brands the opportunity to target specific groups of users according to their interests, demographics or location, hence driving value and engagement with consumers to new levels.

 

For more information, please contact David at loyalty@finterra.org


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: inigoes on June 08, 2018, 03:06:17 AM
Finterra has had a few updates and their CEO and Founder, made an announcement:

Posting it here.

Global Expansion
https://youtu.be/Kvg54vj0quI

Features & Development Updates
https://youtu.be/CqtLK1xcV0w

Product Features
https://youtu.be/Dp6sToGNvuk

Launch & Token Distribution
https://youtu.be/Wy0fbShSmYw


hope you guys find it insighful.

They have quite a lot of videos on their youtube.


Title: Re: [ANN] Finterra : The Social Solution for Blockchain
Post by: finterra on June 12, 2018, 09:52:59 AM
https://scontent.fkul15-1.fna.fbcdn.net/v/t1.0-9/35160585_224472951479705_1270059088268492800_n.jpg?_nc_cat=0&_nc_eui2=AeH-ggDIza80pCKNGwl1iATBnLY0oBl--qp5uYwvU9wbTEM5y1WHnMl4_Ukd9MUGhCxCeKm1F3a-AEhAdO34lyzUK7wwuSMwvkgFQaGBsZeirg&oh=ed51108e992aa7acf6ea82c42c984f6f&oe=5BA70B7C

Help Us Spread the word about Finterra!!
Get points for every successful referral on our channels below and get FINs for it!
Points Map :
For every successful sign- up of a person that you refer with an email, social media account and mobile contact number:
For every successful sign -up on https://finterra.io = 1 point(s)
Every successful add on telegram  = 2 point(s)
Every like AND share on facebook, twitter, Instagram = 2 point(s)
Every like AND share on Linked In = 4 point(s)
Every reply on Bitcoin Talk = 5 point(s)

Please use the links and take note of the terms and mechanics below:

Mechanics

(Total allocated FINs / Total no of points) X Individual points

Example:

FINs Allocated = 200 FINs
Total no of points earned by ALL participants = 250
Total no of participants = 50
Person A has 26 points
Person B has 10 points

Person A will earn (200 FINs / 250 points) X 26 = 20.8 FINs
Person B will earn (200 FINs / 250 points) X 10 = 8 FINs

All calculations will be made public and rewards deposited into respective Finterra accounts
Terms:
1.   This competition is only valid from 12th June till 14th June 2018. The cut-off time for all points collection is at 00:00 hours 15th June 2018.
2.   For terms which include “like AND share” – both actions must be done to qualify for the points given.
3.   All Participants MUST be a NEW to Finterra AND only successful likes and accounts will be considered.
4.   All accounts will be verified by email, social media accounts and phone number.
5.   Newly created social media accounts with minimal activity will be considered as spam and not qualified.
6.   All Finterra accounts used MUST be verified and active.
7.   All accounts that are signed up should not be removed or inactive. Duplicate sign ups will be considered void.
8.   Bitcointalk post replies should be informative, encouraging and MUST include some suggestion that has not been forwarded before in the thread for improvement.
9.   List your referees with their Name, Social Media Account Links and Contact Number in a spreadsheet and email it to info@finterra.org

Thank you for your support and confidence in Finterra as we continue to grow and improve to serve you better. Please join us on our official channels for more correspondence:

Email: info@finterra.org
Telegram: http://t.me/finterra2u
Facebook: http://www.facebook.com/finterra2u/
Twitter: http://twitter.com/finterra2u
Instagram: http://www.instagram.com/thefinterra/
LinkedIn: http://www.linkedin.com/company/finterra
Google+: http://plus.google.com/105568185846575647352
Bitcoin Talk : https://bitcointalk.org/index.php?topic=2907615.0 | https://bitcointalk.org/index.php?topic=3292347.0 
Websites: http://finterra.io | http://finterra.org | http://finterra.com