We are very excited to announce our partnership with the Piece of Eight Foundation as collaborators in decentralized digital disruption! Through our collaboration with the Foundation, we combine a global network of developers with 8base's suite of powerful software development tools, thus creating a network effect that propels software efforts forward in an unprecedented manner.

We are very excited to announce our partnership with the Piece of Eight Foundation as collaborators in decentralized digital disruption! Through our collaboration with the Foundation, we combine a global network of developers with 8base's suite of powerful software development tools, thus creating a network effect that propels software efforts forward in an unprecedented manner.

Thank you for the kind words! As for the hackathon project, this application was intended to give a preview into what blockchain can bring to finance in the near future, as per the hackathon challenge. In order to become a real product, whether consumer or institutional, there is more work that needs to be completed on it. Currently, the main priority of our dev team is building the core 8base platform. The team might get back to the BlockSigma project in the future if we feel there is a demand for such solutions among the 8base user base.

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Awesome, thank you!

Thanks for sharing the image post!!

8base team participated in, and ultimately won, the CoinDesk Consensus 2018 Building Blocks Hackathon challenge presented by AlphaPoint in New York City!




Representing 8base in the Consensus 2018 Building Blocks Hackathon was VP of Technology, Andrei Anisimov, Director of Design, Gabriel Kelly, and Engineering Team Lead, Evgeny Semushin. They participated in a weekend of building, hustling, and deep-diving into the blockchain industry’s most cutting edge developer tools alongside many of the world’s top blockchain developers vying to build the next killer smart contract app. Participants were allowed to build on top of any blockchain protocol and through various sponsor challenges, were encouraged to leverage the software and support made available to deliver their solutions.

The 8base team participated in the AlphaPoint challenge to build an application tied into a digital asset exchange, with guidelines to digitize an asset and integrate it into the blockchain, build a merchant processing application, build a market marking tool, and build a custom trading front end. Rising to the task, Andrei, Gabriel, and Evgeny were awarded first place by creating BlockSigma — a set of smart contracts that enable the creation and management of derivative contracts for crypto assets. The margin management is done on-chain and doesn’t require a centralized actor to ensure that the funds locked inside of the smart contract satisfy the maintenance margin requirements.

Inspiration
Derivatives are a big deal. Global derivatives are estimated to have a ~$500 trillion market capitalization. Comparing to $0.4T crypto, $38T liquid money and $73T global stock markets. Derivatives, such as options, futures and swaps are useful tools employed by banks, funds and companies to manage risk.

At the same time, derivatives are usually leveraged — meaning that counterparty doesn’t usually have funds in their account to necessarily cover all risks. This leads to a complex system of settlement, maintenance margin and margin calls. This system failed in 2008. Margin calls destroyed Lehman Brothers and others. Government had to bailout Wall Street to help unwind staggering amount of defaulted derivative agreements.

How they built it
The core innovation is fully on-chain margin management that requires no central party or oracle price feed. This was achieved by integrating with the Bancor protocol, which is growing in adoption and already facilitating millions of dollars of daily trading activity. Bancor uses a deterministic price formula that is calculated based on supply and demand of a token. As such, BlockSigma can get token price at any given moment on-chain, which allows the calculation of the maintenance margin requirement and the ability to trigger a margin call.

Additionally, BlockSigma integrated the AlphaPoint trading platform to enable trading of the option contracts created. In the future, BlockSigma’s option management user interface would allow trading derivatives just like traditional brokers like Bloomberg or TD Ameritrade.

Winning first place
After many grueling hours building this solution, our team presented BlockSigma and was awarded the first place prize by AlphaPoint based on the criteria of: it’s use of distributed ledger technology, implementation and tech quality, a solution to a real life problem, presentation quality, and market readiness.

Full blog post: https://blog.8base.com/8base-team-wins-first-prize-at-consensus-2018-hackathon-alphapoint-challenge-a8cedd7ce15d

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Leading Blockchain Industry Incubator to Provide 8base With Strategic and Operational Guidance, Resources to Power Rapid Growth.

8base today announced a collaboration with Science Blockchain to help expand its no-code development platform, tools, and ecosystem among businesses worldwide pursuing digital transformation. Science Blockchain, founded by Science Inc., is an incubator that is building a portfolio of blockchain- and cryptocurrency-related businesses to position them for long-term success. As part of the collaboration, Science Blockchain will support 8base with strategic and operational guidance and resources.

“Digital transformation is a top priority for businesses worldwide, yet it is one that they too often lack the software development skills to deliver on,” said Greg Gilman, Founder at Science Blockchain. “We find 8base uniquely compelling because it is employing the latest blockchain-based technologies to close this massive gap. We believe that Science Blockchain’s capabilities will augment 8base’s strong team and innovative solutions to rapidly unlock the $2 trillion digital transformation market.”

8base’s first solution, the Serverless Chassis, provides experienced developers and non-technical “citizen developers” alike with a set of advanced technologies and tools to quickly and easily develop enterprise-class software applications — all without writing a line of code. 8base features native integration with various blockchains, allowing its users to integrate advanced capabilities into their applications while also maintaining a clean, modern user interface. 8base also incorporates a secure, built-in enterprise-grade hosting environment to minimize the cost and speed of deployment.

“We are honored that Science Blockchain has selected 8base to benefit from the skilled guidance and support that will help us further strengthen our solutions and scale the business,” said Albert Santalo, founder, and CEO of 8base. “While blockchain-based technologies proliferate, 8base’s mission is singularly ambitious: to advance global business by removing the software development constraints that are impeding digital transformation. Realizing this potential requires 8base to align with the best partners in the industry, which Science Blockchain certainly represents.”

About Science Blockchain
Science has been helping entrepreneurs build successful businesses for more than six years, during which time it has funded or founded more than 85 companies, and has had $1.3B in aggregate portfolio company exits. Science Blockchain, the first incubator in the world to be funded by its own tokenized compliant securities offering (token: SCI), intends to continue this history of successful company building by helping incredible blockchain entrepreneurs create and scale the software giants of the next century. We do this in three primary ways: 1) incubating promising early-stage blockchain ventures, 2) engaging on a very limited and selective basis, with companies looking to take advantage of the possibilities presented by tokenized economies, and 3) investing in compliant private offerings of blockchain businesses. The unique token structure of SCI allows us to distribute 70% of the total tokens that Science Blockchain receives through our incubation and investment strategies directly to the SCI token holders.

About 8base
8base provides a no-code technology platform, toolset, and ecosystem to transform the way companies develop and run software. Its open, extensible platform, powered by the blockchain, harnesses development talent to create a network effect that accelerates the speed to market and positive business impact of robust new software applications. 8base unites the entire world of software authors, contributors, and users in a thriving ecosystem.

Disclaimer: This press release does not constitute an offer to sell or the solicitation of an offer to purchase the Science ICO tokens, nor shall there be any offer, solicitation or sale of the Science ICO tokens in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Science ICO tokens have not and will not be registered under the Securities Act or other applicable state securities laws, and may not be offered or sold in the US absent registration or pursuant to an exemption from registration requirements of the Securities Act and under applicable state laws.

Science ICO tokens were offered on a limited basis to a maximum of 99 accredited US investors under exemptions from registration with the U.S. Securities and Exchange Commission pursuant to Regulation D, Section 506(c) and Regulation S of the Securities and Exchange Act of 1933, as amended (the “Securities Act”), and the rule promulgated thereunder.

Certain statements, projections or other estimates herein (including estimates of value, returns or performance) are forward-looking statements and are based upon certain assumptions. Other events that were not taken into account may occur and may significantly affect the analysis. Any assumptions should not be construed to be indicative of the actual events that will occur.


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8base is an extensible platform that powers rapid development of robust software applications through tools that allow easy integration with blockchain, AI and other advanced technologies. 8base unites developers, contributors, and users working together in a thriving decentralized ecosystem that collectively makes software development fast and easy. In addition, 8base provides non-technical users with low-code tools to easily create robust software applications without writing any code.


8base Serverless Chassis
Accelerate traditional and Blockchain software development with our serverless platform. Be up and running in minutes without needing to enable backend infrastructure. Focus on your application logic and user interface.

Manage your data model using our easy-to-use tools which include the ability to persist data in traditional SQL/NoSQL databases or public/private Blockchains. You can also author custom logic in your favorite IDE and deploy to our serverless environment or persist it as a Smart Contract (Distributed Apps) in supported Blockchains.

Decentralized Innovation Economy
Imagine a platform where new capabilities built by software developers all over the world are being developed, curated and made available as part of an ever-improving software chassis.

Through our collaboration with the Piece of Eight Foundation, developers, designers and citizen-developers can participate in a reputation-based ecosystem where participants earn Piece of Eight Tokens based upon their level of contribution. Users can request the creation of new capabilities and pay bounties for their development.

Tools for Citizen Developers
The 8base App Builder encompasses a revolutionary, easy-to-use development environment that allows a user with minimal technical skills to build robust application software.

App Builder encompasses richly styled user interface templates and leverages machine learning to assist developers with rapid application development. What used to take months or years now takes hours or days. App Builder leverages the 8base Serverless Chassis to provide all of the complex application infrastructure services required by modern software.

Team: 8base was founded by technology entrepreneurs, experienced in building high-growth, venture-backed enterprise software companies. (link)


Join us on: Telegram | Twitter | Medium

Visit us: Website

[To become a beta member, join our Telegram group and message the admin to receive a private beta invite: Here!

8base is an extensible platform that powers rapid development of robust software applications through tools that allow easy integration with blockchain, AI and other advanced technologies. 8base unites developers, contributors, and users working together in a thriving decentralized ecosystem that collectively makes software development fast and easy. In addition, 8base provides non-technical users with low-code tools to easily create robust software applications without writing any code.


8base Serverless Chassis
Accelerate traditional and Blockchain software development with our serverless platform. Be up and running in minutes without needing to enable backend infrastructure. Focus on your application logic and user interface.

Manage your data model using our easy-to-use tools which include the ability to persist data in traditional SQL/NoSQL databases or public/private Blockchains. You can also author custom logic in your favorite IDE and deploy to our serverless environment or persist it as a Smart Contract (Distributed Apps) in supported Blockchains.

Decentralized Innovation Economy
Imagine a platform where new capabilities built by software developers all over the world are being developed, curated and made available as part of an ever-improving software chassis.

Through our collaboration with the Piece of Eight Foundation, developers, designers and citizen-developers can participate in a reputation-based ecosystem where participants earn Piece of Eight Tokens based upon their level of contribution. Users can request the creation of new capabilities and pay bounties for their development.

Tools for Citizen Developers
The 8base App Builder encompasses a revolutionary, easy-to-use development environment that allows a user with minimal technical skills to build robust application software.

App Builder encompasses richly styled user interface templates and leverages machine learning to assist developers with rapid application development. What used to take months or years now takes hours or days. App Builder leverages the 8base Serverless Chassis to provide all of the complex application infrastructure services required by modern software.

Team: 8base was founded by technology entrepreneurs, experienced in building high-growth, venture-backed enterprise software companies. (link)


Join us on: Telegram | Twitter | Medium

Visit us: Website

***To become a beta member, join our Telegram group and message the admin to receive your private beta invite and details: Here!***

8base is an extensible platform that powers rapid development of robust software applications through tools that allow easy integration with blockchain, AI and other advanced technologies. 8base unites developers, contributors, and users working together in a thriving decentralized ecosystem that collectively makes software development fast and easy. In addition, 8base provides non-technical users with low-code tools to easily create robust software applications without writing any code.


8base Serverless Chassis
Accelerate traditional and Blockchain software development with our serverless platform. Be up and running in minutes without needing to enable backend infrastructure. Focus on your application logic and user interface.

Manage your data model using our easy-to-use tools which include the ability to persist data in traditional SQL/NoSQL databases or public/private Blockchains. You can also author custom logic in your favorite IDE and deploy to our serverless environment or persist it as a Smart Contract (Distributed Apps) in supported Blockchains.

Decentralized Innovation Economy
Imagine a platform where new capabilities built by software developers all over the world are being developed, curated and made available as part of an ever-improving software chassis.

Through our collaboration with the Piece of Eight Foundation, developers, designers and citizen-developers can participate in a reputation-based ecosystem where participants earn Piece of Eight Tokens based upon their level of contribution. Users can request the creation of new capabilities and pay bounties for their development.

Tools for Citizen Developers
The 8base App Builder encompasses a revolutionary, easy-to-use development environment that allows a user with minimal technical skills to build robust application software.

App Builder encompasses richly styled user interface templates and leverages machine learning to assist developers with rapid application development. What used to take months or years now takes hours or days. App Builder leverages the 8base Serverless Chassis to provide all of the complex application infrastructure services required by modern software.

Team: 8base was founded by technology entrepreneurs, experienced in building high-growth, venture-backed enterprise software companies. (link)


Join us on: Telegram | Twitter | Medium

Visit us: Website

To become a beta member, please join our Telegram group and message the admin to receive a private beta invite: Here!

8base is an extensible platform that powers rapid development of robust software applications through tools that allow easy integration with blockchain, AI and other advanced technologies. 8base unites developers, contributors, and users working together in a thriving decentralized ecosystem that collectively makes software development fast and easy. In addition, 8base provides non-technical users with low-code tools to easily create robust software applications without writing any code.


8base Serverless Chassis
Accelerate traditional and Blockchain software development with our serverless platform. Be up and running in minutes without needing to enable backend infrastructure. Focus on your application logic and user interface.

Manage your data model using our easy-to-use tools which include the ability to persist data in traditional SQL/NoSQL databases or public/private Blockchains. You can also author custom logic in your favorite IDE and deploy to our serverless environment or persist it as a Smart Contract (Distributed Apps) in supported Blockchains.

Decentralized Innovation Economy
Imagine a platform where new capabilities built by software developers all over the world are being developed, curated and made available as part of an ever-improving software chassis.

Through our collaboration with the Piece of Eight Foundation, developers, designers and citizen-developers can participate in a reputation-based ecosystem where participants earn Piece of Eight Tokens based upon their level of contribution. Users can request the creation of new capabilities and pay bounties for their development.

Tools for Citizen Developers
The 8base App Builder encompasses a revolutionary, easy-to-use development environment that allows a user with minimal technical skills to build robust application software.

App Builder encompasses richly styled user interface templates and leverages machine learning to assist developers with rapid application development. What used to take months or years now takes hours or days. App Builder leverages the 8base Serverless Chassis to provide all of the complex application infrastructure services required by modern software.

Team: 8base was founded by technology entrepreneurs, experienced in building high-growth, venture-backed enterprise software companies. (link)


Join us on: Telegram | Twitter | Medium

Visit us: Website

Thanks for sharing! We are looking forward to releasing exciting news soon. Stay tuned!

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