Singapore — Blockhain Summit & MADANA Meet Up

Subsequently to our meet up in Moscow we took off to Singapore. After an exhausting 14 hour flight we finally arrived in our first stop of our South East Asia roadshow — the world’s epicenter for ICOs and other blockchain related projects — Singapore!


Singapore Blockchain Summit x MADANA
On the 28th of August we attended the Singapore Blockchain Summit where we made some very interesting connections with other blockchain projects and blockchain supporters from all over the globe.


MADANA at The Blockchain Hub office in Singapore
The very next day we had a highly productive meeting with the guys from The Blockchain Hub at their office — huge thanks again to them for inviting and hosting us!


Singapore Meet Up
After our meeting with The Blockchain Hub we instantly headed over to the very cool and hip venue for our meet up. We were able to auspiciously present our endeavours for MADANA to the Singaporean blockchain community — which showed up in numbers and made our presentation a very interactive one due to all of the questions and interest they had in our project. Huge thanks to all of the attendees.

Bangkok — Block Hedge Asia & MADANA meet up

Bangkok, Thailand
Subsequent to four awesome days in Singapore we took flight to Bangkok, Thailand. We were very surprised at just how progressive Thailand is in regards to blockchain and cryptocurrency acceptance.


Block Hedge Asia x MADANA x Lisk
On August 31st we attended the exclusive Block Hedge Asia event at the Hyatt Hotel. There we were able to exchange valuable information with industry leaders and experts — not only from the business side but also from the regulatory side.


Bangkok Meet Up
On the following day we conducted our Bangkok Meet Up where we carried over the momentum from the Block Hedge and continued our discussions in a more private atmosphere where we welcomed valuable guests, such as DragonEx.

A funny little tidbit of side information, whilst trying to get to our meet up venue we were not able to find a taxi and the monsoon rain was in full effect. In order to not be late to our own event we only had one choice — pack all our banners, drinks etc into the famous Bangkokian Tuk Tuk, squeeze together and off we went


MADANA x Tuk Tuk
Ho Chi Minh City — MADANA Meet Up

Ho Chi Minh City, Vietnam
Our last stop of the Roadshow was Ho Chi Minh City, better known as Saigon. Vietnam’s crypto and blockchain market is most definitely emerging in a very rapid way and we could most definitely feel it during our meetings as well as our meet up:


Ho Chi Minh City Meet Up
Due to the already existing enthusiasm that persists within the Vietnamese blockchain community it was a mere joy for us to educate and talk all things MADANA and blockchain with them. It was definitely a great way to close out our Roadshow.

Take Aways
Prior to departing for the roadshow we set ourselves clear goals. We are constantly working hard on making the MADANA brand globally known. This roadshow was a big step towards achieving this goal. We need to build up communities throughout the different countries and regions of the world — hence we also started our ambassador program (find out more about it here: https://blog.madana.io/the-madana-ambassador-program-216b2f1c395f)
This roadshow was a huge success in this regard, Alexey Usanov — our new ambassador for Russia, is the prime example for this. Also in Singapore, Bangkok and Saigon we met several potentially great fits to fill out our ambassador slots for these regions so stayed tuned to find out more about this and the ambassador program as a whole in the coming weeks.

Another goal was to raise awareness and educate the different communities about MADANA as well as data privacy and blockchain in general. Based on the feedback, passion and sheer enthusiasm from the attendees of our meet ups we can confidently say that we successfully achieved this goal

All in all our Summer Roadshow was vastly successful. We were able to set foot and show flag in the Russian and South East Asian markets. Furthermore we made several very important connections, both business wise but also community wise. We are now back at our headquarters in Berlin, Germany and will most definitely use the momentum we brought with us to make MADANA a globally known brand.

If you would like to keep track of our progress and stay up to date:

Join the MADANA Community
Twitter: https://twitter.com/madana_hq
Telegram: https://t.me/madanaofficial
Reddit: https://www.reddit.com/r/MADANA
Facebook: https://www.facebook.com/madana.io
Linkedin: https://www.linkedin.com/company/madana.io

From the 22nd of August up until the 8th of September part of the MADANA team, including our CEO Christian Junger, hit the road to present as well as educate the different communities about Lisk, MADANAs vision and the technology behind it. The destinations were Moscow, Singapore, Bangkok and Ho Chi Minh. In this blog post you will find a rehash of the events that transpired in each of the locations.

Moscow — Crypto BBQ & MADANA Meet Up



We would like to preface that our Moscow trip wouldn’t even have even been half as successful without the help of our Russian ambassador Alexey Usanov. He did an amazing job helping us organize as well as conduct our trip to beautiful Moscow.



On the 23rd of August we attended the Crypto BBQ. The location was absolutely stunning and right next to the water at the Berezy Park a little ways outside of downtown Moscow. A lot of crypto enthusiasts showed up from all over the world and MADANA received a lot of positive feedback.



Even though the last summer day of the year happened to fall on the same date as our meet up a lot of people showed up. All of the attendees were very interested in our project and Lisk and we had a productive networking session after Christian’s presentation.

Source: Medium

MADANA featured on one of the largest German news sites!
PRESS
The following text was translated with www.DeepL.com/Translator from German into English.

Source: https://www.welt.de/print/die_welt/article181489796/ICO-Digitale-Finanzierung-mit-Risiko.html

ICO - Digital Financing with Risk
A kind of virtual IPO experienced a worldwide hype in 2017, viewed critically by supervisory authorities. The young German market can be particularly interesting for high-tech founders.

Simon Toprak was tired of searching for a new used car in his scarce spare time and comparing offers and prices. His business idea came to him when it was similar for friends when buying a car. And so in July 2016, he founded the Frankfurt company Trusted Cars, an online shop for new and used cars with TÜV value appraisals that are delivered to the door. Toprak is planning a new project with his company: The application "Trusted Cars Flex" is to offer its users a flexible hybrid of rental and leasing vehicles.

The app customer will be able to drive a well-kept car, including maintenance, insurance and vehicle tax, for as long as he likes, and exchange it for other vehicles without having to sign long-term contracts for "favourable weekly payments". The market launch is planned for the first half of 2019. Managing Director Toprak: "Many dealers want to participate.

The app is based on blockchain technology, which, for example, forms the backbone of the crypto currencies. The translated "chain of blocks" is a decentralized database distributed on many computers. For the new app, this means that the mileage, vehicle identification number and condition of the cars, among other things, are stored in the blockchain. The founder is currently collecting the money for the development of the app on the Internet: Investors receive a digital medium of exchange based on the crypto currency Ethereum. The company calls it "FLEX" and it will serve as a currency in the car rental app.

For his project, the founder uses an innovative, digital means of financing called Initial Coin Offering or ICO for short. The term is derived from that of the initial public offering (IPO). However, an ICO is neither legally nor technically comparable with a share issue.

The background is that at the ICO an issuer, often a young company, issues so-called tokens. These are digital means of payment or exchange based on a blockchain. The company sells its tokens against a legal currency such as the Euro or Dollar or against crypto currencies such as Bitcoin or Ethereum. The ICO of Trusted Cars Flex is to issue 500 million FLEX tokens with an initial price of seven cents each.

The Berlin startup Madana, founded in 2017, is also currently collecting money via ICO. The team wants to develop an open platform on a blockchain whose users can earn money with their data without losing control over it. Spokesman Julian Schiemann: "Data producers such as companies and private individuals, data analysts and buyers of data analyses who want to use them for product optimisation, for example, are to meet on the platform". The idea is to become a pilot project in 2019, and the "PAX Token" sold by ICO will be the currency on the platform.

Madana and Trusted Cars are not isolated cases. "In the first half of 2018, 13 of the 200 startup financing deals concluded in Germany were ICOs. That's five percent of all financing from young companies," says Peter Lennartz, Partner at the consulting and audit firm EY. Worldwide, ICO issuers had raised about six billion dollars in 2017 and more than twelve billion dollars in the first half of 2018. Lennartz: "But cyber attacks and money laundering have meant that some of this has been lost.

According to attorney Matthias von Oppen, the worldwide ICO hype of 2017 is over. "Supervisory authorities are taking a close look at ICOs as many projects have not been as successful as announced. And investors have become more critical," says the partner at the Ashurst law firm in Frankfurt.

In fact, many supervisory authorities are alarmed. The Federal Financial Supervisory Authority (BaFin) has been warning consumers since November 2017 that these are highly speculative investments, and the European Securities and Markets Authority (ESMA) has highlighted the risks of ICOs for investors and companies.

Ruben Bach, partner of the Frankfurt financing consultancy svs Capital Partners: "Following the international hype, ICOs are banned in ten countries. In my opinion, only the bans in China and Vietnam are relevant, since the Asian market is very active." Although ICOs are permitted in the USA, they are strictly regulated in some federal states, according to Bach.

According to its own statement, the BaFin deliberately did not ban ICOs because they could "represent a legitimate form of corporate financing", but only published a consumer warning. This raises the question of the extent to which the instrument can also benefit German founders. EY partner Lennartz assumes that, despite the current acceptance problems, an ICO can become a serious alternative to venture capital financing for young block-chain companies: "It can be flexibly structured, investors can be found worldwide, they have no say and new investor groups are being approached.

According to Tobias Schulz, the High-Tech Gründerfonds (HTGF) in Bonn has so far only lost one deal because the start-up preferred an ICO. "But this will certainly not remain an isolated case. There will be business models that no longer need venture capital, but will conduct an ICO directly via their online community," says the investment manager. This is especially true for well-networked start-ups or those that are already somewhat more advanced. Currently, three young companies from the HTGF portfolio are planning an ICO.

What should founders who are considering an ICO know? Ashurst partner von Oppen: "The utility token that provides access to services dominates the market. In this segment, however, many business models have failed, and there have been many black sheep among the issuers. It is often most attractive for founders to issue so-called security tokens of a securities nature." They could, for example, be structured like a block-chain share. There is still no Security Token ICO in Germany, as these are more strictly regulated than utility tokens - they are subject to the supervision of BaFin. But various companies are preparing themselves according to von Oppen.

For the mortgage consultant Bach from svs Capital Partners, the "vast majority of tokens" are basically securities: "Most of the utility tokens issued so far, which provide access to a platform and are tradable, probably fulfil the character of a security. In the worst case scenario, supervision could then prohibit their trading at some point. "He therefore recommends to companies planning an ICO the security-like, legally compliant variant of the Security Token ICO.

The sticking point for founders is the high costs. "It's very difficult for a real start-up company to stem a legally compliant ICO," says Bach. He has calculated an example: Assuming that a start-up company with a prototype in a new technology that generates at most low revenues wants to collect 15 million euros from a private placement using a Security Token ICO. This requires relatively little online marketing. Nevertheless, the company would have to fork out just under 480,000 euros for the project.

355,000 of which would be fixed costs, including project management, international legal and tax advice, creation of the website and programming of the token. A further 125,000 euros plus variable payments of between five and eight percent were incurred for raising the money. Bach: "At least 150,000 euros should be available before the start of the ICO. This makes the project self-financing. I recommend blockchain founders who are planning a professionally managed ICO to look for two to three business angels who will give them around 500,000 euros for ten percent of the company's shares."

One day, ICOs in Germany could also reach investors to whom Bitcoin and Co. are previously unknown. After all, the Stuttgart Stock Exchange group is planning an ICO platform with transparent processes for issuers and investors from 2019. Dirk Sturz, Head of Primary Market at the Stuttgart Stock Exchange: "Many established companies want to test this financing. In the long term, the ICO has the potential to replace the classic IPO."

DID YOU KNOW?

Big Data is forcasted to reach almost 50 billion dollars in revenue just next year? That figure will double within 7 years after that. (Source: Statista)

Just imagine the possibility if decentralized data processors can even capture a small portion of this market.

BLOQspace is coming with quality content about MADANA

Bravo.

From the MADANA Twitter:

#Privacy is a basic human right. Therefore the European court ruled against Britain after charities argued their mass #surveillance breached human rights.

https://news.sky.com/story/govt-mass-surveillance-broke-human-rights-convention-european-court-rules-11496410

More
📢 PAX PRE-SALE NOW OPEN! You can contribute with #Bitcoin, #Ethereum and #Lisk to purchase PAX for a reduced price of 0,50 EUR per #token. Contributions in #LSK get an additional 10% bonus. http://www.madana.io

From the MADANA Twitter:

🎬 #MADANA is an active part of the #BerlinBlockchainweek! At the kickoff on Wednesday, we presented MADANAs privacy-preserving ecosystem to industry and media executives. This account has not been verified by MetaCert@factoryberlin This account has not been verified by MetaCert@BerBlockWeek

A question from the Telegram channel:

Jonathan Feyaerts, [Sep 9, 2018 at 7:21:50 AM]:
Can you elaborate on your insight of Privacy on how it is perceived different in Asia vs. other regions?

Eugen Salkutzan admin, [Sep 9, 2018 at 7:45:52 AM]:
We talked to the local blockchain community leaders and the feedback on the data privacy aspect was pretty consistent. Asian people would value the passive income and data science implication of MADANA more than the privacy preserving aspect, which showed us how diverse our vision can be perceived by others. I personally think this totally fine because MADANA can be to everyone something different. A tool to control your digital identity, a way to earn passive income by simply live your digital life or a generic information source of data from all over the world to find innovative solutions for your business or research.

From Eugen concerning their most recent MADANA Roadshow

Hey Community,
we are back from our roadshow, everyone is kinda jetlagged 😁 All in all it was a very good experience we made a ton of connections and learned a lot. Privacy is perceived very differently in Asia, but we received very good feedback for what MADANA could disrupt in the data science space.

We will definitely have a follow up summary of the roadshow. But for now enjoy sunday folks ✌️🏻

Disclaimer: These are my personal thoughts and not an official blog. I wrote an article about this which you can find here: https://medium.com/@FinTechWill/a-case-for-madana-9cda5c419a0e

If you liked the article, please clap and follow me on twitter!

A Case for MADANA

I’d like to start off by saying that this is not investment advice. This is purely my opinion as a cryptocurrency investor, enthusiast, and supporter. Having been in the space for quite some time now, I have had the great benefit of learning from some amazing people in this space, and found great value in looking for projects that have intelligent token models which have a clear plan for supply and demand. Let’s be honest, not every project needs a token in this space. We’ve seen a large number of “cash-grabs” lately with ICOs, and while it’s no secret I am a fan of the Lisk ecosystem, it’s not “just loyalty” that has me excited about MADANA, the first major ICO on the Lisk Network.

A Utility Token?
Before I even consider owning a utility token, I will often ask myself several questions. Starting with, what will this token be used for? Will I use this token for its intended purpose, and is there any value to holding this outside of the network use? In order to answer these questions, a keen understanding of the token economics is required. We often hear the acronym DYOR (do your own research), and as cliché as it sounds, one must take the time to really dig in and understand exactly what is going on under the hood. If available, a tokenomics paper is a great place to start to be able to determine important factors, such as supply and demand.

Here is a link to the MADANA Tokenonmics Paper, which I will be referencing for this article.

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

The Problem
“MADANA is tackling the problems of modern digital society in the means of personal data control and privacy. More specifically, MADANA addresses the related discrepancy of fair revenue generation and distribution of the created data for the data originator (herein called data producer). In addition, the heavily monopolized data market lacks open platform alternatives that provide data analysis specialists (institutional or private, herein called plug-in provider) with a way to offer and monetize their knowledge to a broader pool of parties interested in data analysis insights (herein referred to as data analysis buyer). Generally speaking, there is no system that allows for insights into data without giving it away. And certainly, there is no solution for monetizing the data on micro transaction scale for the originator.” Page 2 MADANA Tokenomics Paper

Simply put: there is a problem with the way our data is procured and sold, and there is no current solution to pay the very people who create this valuable asset. Right now, we have a system where data is bought and sold with little regard to privacy. Additionally, there are no incentives in place to pay the data producers any of their share for the estimated 42 billion dollars in revenue they will create this year. (Source: Statista)

Why MADANA?
On page 3 of the Tokenomics paper, the economy is outlined in great detail. One of the most beautiful things about blockchain and cryptocurrencies, is that most of them are decentralized, borderless, and permissionless. No longer does infrastructure that plagues so many traditional companies inhibit the ability for innovative ideas to flourish, thanks to blockchain. MADANA is creating an open marketplace where data producers (us), plug-in providers (data scientists), and data buyers (businesses) can come together and transact safely, efficiently, and directly with one another. Not only does MADANA enable regular people like you or I to monetize our valuable data, but because of their patented technology, our data can now be processed with no risk to our privacy. All of our private and sensitive information is destroyed inside the “trusted execution environment” (TEE) after the data is processed.

I believe in open markets, as competition tends to drive down prices. Now, we see a new dynamic to the way data is bought and sold, only this time, the “little guy” isn’t being left behind.

Why PAX?
PAX is simply the payment vehicle in which the services will be bought and sold with. It is the only cryptocurrency this ecosystem is designed to run on, and will be the sole form of payment within the MADANA ecosystem.

“The usage of PAX can be described pretty simply as mentioned above. PAX is the only cryptocurrency that executes the smart contracts on the MADANA platform. It is used as the main payment vehicle in the ecosystem as well as to vote on data models.” Page 5 MADANA Tokenomics Paper

What about demand though?
I mentioned demand before, and I wanted to point out, that just because something is a “cool” idea doesn’t make it a wise business model. It has to make sense. Why would I want to hold a utility token? Where’s the incentive? That’s the key, and in my opinion, is what sets the best apart from the rest. The MADANA team is comprised of veterans in this space who have thought things through and through, and its something I deeply respect about them. Experience goes a long way in this space as you come to learn what works, and what doesn’t.

Token Velocity
MADANA has some very interesting techniques to incentivize holding their tokens. The first one is a concept called token velocity. On a simple, fundamental level, this just is a way to attract everyone that uses the ecosystem into holding their tokens longer in order to reduce sell pressure. As we know, when demands outweighs supply, generally the price is reflected and the market cap grows, thus creating positive exposure for the platform.

“Token velocity means nothing other than the frequency of transactions resulting in a sell pressure situation for the cryptocurrency. It is preferred to keep the velocity low to have the demand overweighting the supply on exchanges. Therefore the HT (Hold Time) of the ecosystem participants who are the primary PAX input forces to exchanges (data producer, plug-in provider, APE) must increase. In the following, we examine the HT incentives of these participants.” Page 8 MADANA Tokenomics Paper

In addition to having the tokens in their wallet longer, participants who have larger balances will be considered first. This is a great method for creating scarcity within the ecosystem, as it incentivizes large numbers of tokens to be locked up and out of circulation. Supply and demand.

“Those who have a higher balance will be prioritized, meaning that as long as the data producer accumulates PAX in his wallet, he will participate in more analysis requests and earn even more PAX — in contrast to those who liquidate their PAX immediately after receiving it. This mechanism reduces the overall token velocity, as the data producer is incentivized to hold on his earning to improve his match probability.” Page 9 MADANA Tokenomics Paper

Utility working for you
Utility has to make sense, and something I look for is if the actual utility of the token drives the economy to be used. Nodes and incentives are a great way to do so when they’re done intelligently. In order to even participate in the MADANA economy, you automatically benefit from having and using PAX tokens. For example:

PAX can be utilized as another deposit measure. Data producers are rewarded by an incentive system when they provide quality datasets. The incentive system allows the data producer to nearly double the revenue from a particular dataset as compared to a respective lower reputated dataset. The data producer would need to make a small deposit on every dataset he connects to the MADANA platform.
You have to spend money to make money! Not only does this weed out some of the lower quality participants from spamming the ecosystem, but it also keeps tokens off the sell side of the order books. The more tokens out of circulation, the better. Well played.

It will also cost plug-in providers to create the plug-ins for the data processing. This is considered an investment, as these plugins have the potential to generate revenue, but is another demand factor in the ecosystem (see top of page 11).

Lock them up!
This is probably my favorite way to create scarcity because not only does this create an ecosystem I want to be a part of, it also helps secure the network, creates a stream of revenue, and creates demand. NODES. MADANA’s potential plan is to allow nodes to give their processing power to the network in return for PAX. In order to even run a node, you have to lock up a large number of tokens. Additionally, this is where token velocity will come into play as well, because the nodes who’ve held the largest number of coins, for the longest amount of time will be selected first. This will create competition, thus keeping large amounts of coins out of circulation. I personally will support this strategy, and if you agree, then join the MADANA Telegram and let the team know!

“APEs could be regulated by letting them deposit a considerable amount of PAX and putting it at stake. If the APE fails to deliver the correct processing of the analysis, it would, as a result, lose its deposit to successful APEs. This way, more and more PAX get locked up as the network grows and the demand for analysis processing rises. To participate in more valuable analyses (which may require a larger deposit), the APE therefore is assumed to have a constant need in PAX to process more or more valuable work. This increases the HT in his earnings and thus reduces token velocity” Page 11 MADANA Tokenomics Paper

Final Thoughts
In an effort to keep this blog as concise as I can, I’ve tried to keep this as short as possible. I encourage you to read the paper for yourself and get a deeper understanding of why I feel this platform is a gem, and has immense potential to grow in use and market cap. There are numerous factors at play, and I have not listed them all here. The team has the expertise and experience to truly build something spectacular here. Don’t take my word for it. Do your homework!

Lisk is an epicenter of innovation, and MADANA is just one of the fantastic ideas to come from it. I believe supporting projects like MADANA will only benefit the entire ecosystem as a whole, so remember to spread the word!

Cheers! —

William Ryan — MADANA USA Ambassador

Here's the thing guys...

It's not that these companies don't care. They do. Losing data to theft is a costly endeavor for these businesses, but one of the things MADANA is offering is a way to safely process this data in such a way that doesn't compromise personal information. It's another layer of security. And a greatly needed one at that! That's just one of the reasons why I'm excited about this platform. We need to back back the "digital you" and have more power and control in what happens with our information, and we need to hold these companies accountable!!!! How are you processing our data? How are you making sure our information is handled responsibly? We can be the voice that says "Use MADANA or we won't do business with you!"

-William

In a recent email from British Airways....(see more from me in next post) -B



 

Dear Customer,

 

 

Following our email notifying you about our recent criminal data theft, we wanted to provide you with more information.

 

As you may be aware, from 22:58 BST 21 August 2018 until 21:45 BST 5 September 2018 inclusive, the personal and financial details of customers making or changing bookings at ba.com, and on our app were compromised. We’re truly sorry, but you may have been affected.

 

The personal information compromised includes full name, billing address, email address and payment card information. This includes your card number, expiry date and CVV. Unfortunately this information could be used to conduct fraudulent transactions using your account. We recommend that you contact your bank or credit card provider immediately and follow their advice.

 

British Airways has taken steps to prevent any further data theft, the website is working normally, and we are working with the authorities to investigate how this theft occurred.

 

Reimbursement Information

We’ll reimburse our customers who have suffered financial losses as a direct result of the theft of their payment card details. We’ll also offer credit rating monitoring, provided by specialists in the field, to any affected customer who is concerned about an impact to their credit rating.

 

More information will be available on ba.com, so please check for regular updates.

 

Action you need to take

We take the protection of your personal information very seriously and would encourage you to review the advice below:

 

1. British Airways will never proactively contact you to request your personal or confidential information. If you ever receive an email or call, claiming to be from us, requesting this information, please report it to us straight away.

 

2. Review your credit card or bank account statements as soon as you can to check for unauthorised transactions or payments. If you suspect fraud, contact your bank immediately.

 

3. Do not respond to, or follow any web links from untrusted sources.

 

Once again, we truly apologise for any worry and inconvenience this criminal activity has caused. Our contact numbers can be found at ba.com, or you can email our Data Protection Officer at DPO@ba.com.

 

 

Yours sincerely

 

 


AlexCruzSignature
Alex Cruz

Chief Executive Officer

MADANA Team had the chance to catch up with Cloud BIG Crypto in Berlin for Blockchain Week.




The team couldn't resist with the stickers could they? LOL

British Airways data just got hacked. Another reason for the season. More info to follow. #privacy #solution #MADANA

From the BLOQspace Twitter feed:

MADANA #ELI5 — DATA PRIVACY

Data #privacy, also called #information privacy, is the aspect of information #technology (IT) that deals with the ability an organization or individual has to determine what #data in a computer system can be shared with third parties

@MADANA_HQ #PAX https://t.co/lVVEFzDTg4

From Telegram. I thought this would be relevant to the conversation.

William Ryan, [05.09.18 13:30]
"MADANA will use so-called Trusted Execution Environments (TEE) for data analysis. These are protected hardware components whose processing cannot be seen from the outside. With our patented process, we have discovered a new way in which data can be protected while still being useful. This enables us to build a unique platform for data analysis from which all participants can benefit."

William Ryan, [05.09.18 13:31]
Grasp this because it is a solution to a huge problem in the data sector

William Ryan, [05.09.18 13:32]
Now, data can be processed in such a way where the data producer can procure data where plugins can automatically process that data into information for the buyer(s), all done inside the TEE, where your personal information is safely and responsibly destroyed after the data is processed

Here's a recent article where MADANA is mentioned as a part of the Lisk Sidechains! Special thanks to BTC-Echo!

This text is translated from German in English via www.DeepL.com/Translator

Projects on Lisk: What happened after the relaunch?
A good six months ago, the team behind Lisk relaunched its platform. The most important message Lisk received was that they wanted to make it easier for blockchain developers to start sidechain projects on Lisk. A look at the largest and most important projects associated with Lisk.

Sapiens
The Sapiens project aims to create a decentralized platform for certification and verification within an academic ecosystem. Blockchain developer Matteo Ferrari had already founded the platform in 2016 to enable people to control their data and certificates via a blockchain. The first area of application he has identified is schools, universities and other educational institutions whose administration is to be relieved and made more efficient.

"People deserve to have full control over their certificates and records in a form that allows them to easily share them. In return, the blockchain can function as a secure and trust independent notarial system. With Sapiens, we want to help schools, universities and businesses offer their services through a decentralized, cost-effective and secure application."

says Matteo Ferrari.

According to the team behind Sapiens, digitized academic references should make services and certificates more easily retrievable and verifiable. The Sapiens platform wants to provide the necessary tools with which everyone can deposit the most important building blocks of their career on the blockchain. Sapiens builds on the Lisk-Blockchain and uses the possibilities offered by the Sidechain Development Kit of the platform.

BrikBit
The Blockchain platform BrikBit exists only since this year and has the goal to develop Blockchain applications for the real estate sector. To this end, a team of architects has been put together who would like to use their experience in the real estate sector to work on solutions to key problems. The approach of BrikBit includes a crypto currency REDA (Real Estate Digital Asset).

The central challenge of BrikBit is that there is no object that realistically reflects the value of a property. In contrast to other models of tokenization, BrikBit does not only want to create a pure crypto currency, but an asset that contains the information about the property in digital form. For example, construction and renovation measures are to be mapped on the blockchain. Like the Sapiens project, BrikBit builds a sidechain on the Lisk-Blockchain.

"REDA collects a range of information about the properties, which is jointly managed by a community. Thus, the system creates an infrastructure for the exchange and maintenance of this information through protocols that are accepted by all members. We are taking the first steps to develop international standards to be able to react to the developments in the real estate market."

says BrikBit CTO Alex Dell'Orto.

Adamant
The Adamant project is in the process of building an open source messenger on the blockchain. With this, the company wants to address a number of problems that arise with the various existing messenger services. The biggest problem identified by the team is security gaps, which are exemplary for centralized peer-to-peer messengers. The privacy of the users who communicate via the messenger also leaves something to be desired with the classic short message services.

Adamant is against this with a blockchain application. The platform advertises itself as the only private messenger that runs entirely on the blockchain. The project, whose developers come from Russia, exists since 2017. In contrast to the two previously mentioned, it is not a direct Lisk sidechain project, but rather builds on the code base of Lisk. In addition, the crypto currency LSK should be able to be used as a means of payment in the Adamant Messenger.

"We believe in the power of Open Source. That's why we've looked at several open source projects to start our project. We first started with a proof-of-work system. However, since sending and receiving messages took too long, we quickly stopped doing so. Delegated Proof of Stake seemed to us to be a good alternative. Finally, we decided to base our system on Lisks Code-Base. The fact that Lisk uses NodeJS and PostgreSQL also influenced our decision."

says Adamant-CTO Dimitriy Soloduhin.

GNY
The blockchain project GNY started already in 2015 under the name Grey Jean Technologies. The aim of the project is to build a platform for machine learning and artificial intelligence. As a cross-blockchain project, GNY not only wants to set up its own blockchain, but also to insert its elements into various existing blockchains, thus adding new aspects to them. In addition to a Lisk sidechain, the project also builds on Ethereum and Asch.

GNY wants to find a blockchain solution for processing the huge amounts of digital data in order to make them commercially usable. GNY recognizes recurring patterns and learning components that adapt to the behavior of users. GNY wants to develop its own blockchain ecosystem on Lisk. With the GNY token, the holders will be granted access to the platform's learning tools.

MADANA
The MADANA project is the first to carry out an ICO on Lisk. The aim of the platform is to create an ecosystem in which the users themselves own their own data and can trade it. The Berlin-based start-up is building on Lisk's sidechain technology. In addition, MADANA is already patent pending and attaches importance to the fact that it is equipped with a BaFin license and thus operates according to German law. The pre-sale of the MADANA-ICO started on September 1:

"MADANA will use so-called Trusted Execution Environments (TEE) for data analysis. These are protected hardware components whose processing cannot be seen from the outside. With our patented process, we have discovered a new way in which data can be protected while still being useful. This enables us to build a unique platform for data analysis from which all participants can benefit."

Christian Junger, CEO of MADANA, told BTC-ECHO.

You can find out more about MADANA as a German blockchain start-up in an interview with Christian Junger and Dieter Schule (MADANA-COO).

BTC-ECHO

Source: https://www.btc-echo.de/projekte-auf-lisk-was-geschah-nach-dem-relaunch/

Translated with www.DeepL.com/Translator