Kinesis thought leadership - Sky News Our very own Chief Marketing Officer, Jai Bifulco, was selected to address the crisis in Venezuela with their unique use of blockchain technology and the introduction of their state-backed cryptocurrency that they have launched called the Petro on the popular news outlet Sky News.
The Petro, supposedly, will be backed by the country’s oil and mineral reserves and is intended to supplement Venezuela’s plummeting bolívar, as a means of circumventing U.S. sanctions and accessing international financing. Read it here: |
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Geon, an augmented reality app that is built off the blockchain plans to incorporate three different types of virtual beacons dubbed ‘Geons’, that users will be able to create.
Stationary Geons to attract consumers to a business establishment
Mobil Geons that move, allowing for users to compete in a ‘follow the leader’ type game
Global Geons, for economic relief or conduing worldwide market research
I personally believe that Geons make the project unique compared to any project I’ve seen, if you want to read more about them, check out page 21 of the whitepaper here: https://geon.network/download/Geon_Whitepaper.pdf |
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Blockchain in sports betting could provide a new kind of fan experience With the recent legalization of sports betting in the US, many professionals in the industry are waiting in anticipation to see what happens next. Big changes are happening across the sector, which could affect how fans interact with the sports they love.
While traditional gambling brings to mind slot machines, smoky casinos and dealers running card games, today’s world of sports betting is extremely far removed from what gambling once was. Ted Leonsis, former AOL exec turned sports mogul, said it best when he compared sports betting with trading stocks.
“I liken sports betting more to Wall Street. I don’t believe it’ll be considered a game of chance,” says Leonsis. “I think it will be a game of skill, just like you can be a day trader - you can be at Goldman Sachs, making billion-dollar bets on companies.”
As sports betting moves into the mainstream, legalization opens new doors for the industry. For example, fans could be able to place bets in real time.
Imagine visiting a place specifically designed for sports betting. Like a casino, but more advanced. A space outfitted with the latest viewing technology, with screens showing games and matches from around the world and bettors being able to place bets as each play happens. Traditional sports bets can still be placed, but opportunities for additional prop bets keep fans engaged throughout the game.
This is the future Leonsis believes is coming.
Eventually, sports betting will become the norm in arenas across the country. Fans will be able to place bets from their seats and updated odds will appear on the jumbotron in real-time during the game. Soon every fan will be able to place bets straight from an app on their phone, no matter where in the world they may be.
But with increased online betting comes increased data collection. Fans’ data will be collected by teams, by betting platforms, and even potentially by other bettors. Because of this, it is essential for platforms to be backed by a secure, decentralized network to ensure users’ data is secure.
Blockchain technology as the backbone for sports betting platforms allows bettors to feel confident that their data is safe. As an added bonus, blockchain also ensures there will always be a record of the bets they placed.
Some companies have introduced blockchain technology into their sports betting platforms already. One platform, ZenSports, sees the potential of blockchain in sports betting, and how it could allow for a new kind of fan experience.
Through the use of cryptocurrencies and smart contracts, ZenSports lets users place peer-to-peer bets without the need for a centralized bookkeeper. Because of blockchain’s efficient structure, it allows users to place bets in real time.
Platforms backed by blockchain, like ZenSports, provide users the opportunity to place bets on anything, and to set their own parameters and odds on each one. Smart contracts are created each time a bet is made, and these inform how a bet is won or lost, who gets paid out, etc.
The platform has partnered with ICON, one of the world’s largest blockchains, to build smart contracts and allow bettors to use SPORT, ZenSports’ own cryptocurrency, or ICX as an alternative to traditional funds. Using cryptocurrency to place bets is cheaper (as there are little to no upfront fees), faster and more trustworthy for bettors.
A platform like ZenSports shows us what the future of sports betting may look like. Rather than sitting back and watching passively, allowing play-by-play betting means fans will stay attentive throughout the entire game or match.
With the opportunity to place any bet they want, with anyone they want, bettors have more opportunities to engage with their favourite sports than ever before.
Decades ago, professional American leagues were publicly opposed to sports betting after dealing with match-fixing and point-shaving scandals. But after public approval and the recent legalization, most have now come around, with the NBA and MLB leading the way. It won’t be long before all leagues see the potential for sports betting.
With new technology and legislation comes a new fan experience. The potential for real-time sports betting, whether from the comfort of your couch or the stands of an arena, will bring fans into a new era of professional sports. |
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Kinesis Money and Allocated Bullion Exchange Explore Creating a Joint Commercial Blockchain Venture with Jakarta Futures Exchange in Indonesia!!
LONDON, Nov. 13, 2018 /CNW/ - Today, Jakarta Futures Exchange (JFX), the leading futures and derivatives exchange group in Indonesia, have announced an expanded Memorandum of Understanding (MOU) with Kinesis Money and Allocated Bullion Exchange (ABX). The partnership will seek to develop an Indonesian based and regulated blockchain exchange using Kinesis technology.
Together, Kinesis and ABX have developed an evolutionary monetary system using real assets (gold and silver) as the basis for digital currencies. These currencies are transacted on the Kinesis Blockchain Exchange, a fork of the Stellar Network which is able to handle more than 3000 transactions per second. The system is also integrated with mobile banking and fiat currency exchange services.
ABX, the world's leading electronic institutional exchange for physical precious metals, has been working with JFX to expand gold investment opportunities in Indonesia. JFX is a leading exchange for gold futures contracts, and is now launching a spot physical Sharia Gold Contract, in partnership with ABX, having been granted approval by Indonesian regulators and the Indonesian National Shariah Board. A blockchain exchange version of gold-based currencies, through collaboration with Kinesis and ABX, is a natural extension of the JFX and Indonesian government vision.
The expanded partnership between JFX, Kinesis and ABX envisions an Indonesian blockchain exchange based on the technical advances of the Kinesis Blockchain Exchange.
This partnership is part of JFX's future intention to create blockchain-based solutions in addition to existing infrastructure, allowing investors alternatives, in which to benefit from an increased ease, speed and security of transactions. The future development of this partnership propels institutional acceptance of blockchain technology, through the sharing of concepts, business models and technology solutions.
Stephanus Paulus Lumintang, President Director, Jakarta Futures Exchange, comments: "JFX is committed to providing the best solutions and services in the futures and derivatives industry.
It's increasingly become clear to us that the benefits of distributed ledge technology, or 'blockchain' will unlock tremendous amounts of value for Indonesia and Indonesian people.
"Blockchain regulation in Indonesia is currently in progress, and it is quite an important, yet difficult task. However, JFX is ready to be a blockchain exchange company in Indonesia, in compliance with any legal and regulatory requirements."
"Our future partnership with Kinesis and ABX will enable us to not only tap into these advantages but to create a secure and transparent blockchain network that provides a credible alternative to existing systems of exchange."
Thomas Coughlin, CEO Kinesis; CEO ABX, comments: "The bespoke blockchain network that we developed creates a complete monetary system which enables real, physical assets to be transacted and exchanged digitally, at speed and at low cost. We believe that the integration of physical precious metals and distributed ledger technology offers tremendous value to the Indonesian market, with its dual interest in gold and in blockchain. We look forward to continuing our partnership with JFX to bring this to fruition."
About Kinesis Money
Kinesis is a monetary system which is based on the traditionally stable commodities, gold and silver. Videos, Quotes, Opinion pieces and B-roll available upon request, please contact kinesis@flamepr.com. More information available at kinesis.money.
About Jakarta Futures Exchange
Jakarta Futures Exchange (JFX) is the first futures exchange in Indonesia to provide an exchange infrastructure for its members in order to be able to conduct futures transactions.
SOURCE Kinesis Money
View original content: http://www.newswire.ca/en/releases/archive/November2018/13/c2765.html |
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Stripe’s Decision To Cut Off ZenSports Is Why We Need Cryptocurrencies The email from Stripe’s support team came on November 5th:  Because of the new legal peer-to-peer sports betting features that ZenSports launched on September 12, 2018, Stripe had made the decision that they were cutting off ZenSports from all further credit card processing using its third party API. Cutting us off without any kind of real research into the exact nature of our business. Cutting us off without reading the legal opinion on how everything we’re doing is completely legitimate and legal. And cutting us off without any warning whatsoever and leaving our customers in a complete lurch so that effective immediately, their payments could no longer be processed within ZenSports.
This kind of blanket authority should send chills down everyone’s spine. A centralized figure head or group of people at Stripe were able to come up with a policy to ban businesses that it finds unsavory or doesn’t approve of, despite the fact that those businesses are 100% legal. While any company can of course choose to do business or not do business with any other company for any reason, the decision to not do business because one doesn’t “approve” of the nature of someone’s new product suite (even though it’s 100% legal) is scary.
We need cryptocurrencies and blockchain technology to eliminate Big Brother’s control
So what can be done about the overreaching nature of these financial tech giants that want to exert their control over the little guy? The solution lies within the world of cryptocurrencies and blockchain.
Cryptocurrencies are a form of digital currency that use a distributed, online ledger called the blockchain to manage sending payments from one person to the next. The blockchain is “decentralized”, which means that it’s fully run and managed by technology without a centralized authority telling people how they’re allowed to send money or for what purpose. With blockchain and cryptocurrencies, you can send money to another person through ZenSports or via any other application, and you can do so for any reason — without having to get any person’s or company’s approval saying that you’re allowed to do so. You, the people, have full control over the management of your money. Which is how it should be.
As part of ZenSports current Token Sale, ZenSports will actually be launching its own cryptocurrency token next month and integrating it into our product in Q1. Anyone can purchase our cryptocurrency tokens, use them for anything they want within our app, and not have to worry about some out-of-touch executive saying “sorry, you can’t do that” or “we don’t want your business”. The power is yours to send and receive money whenever and however you want. There will also be the ability to exchange these tokens back to fiat (government currencies like dollars) if anyone so chooses.
We concede that despite the myriad of frustrations around traditional, centralized payment solutions like Stripe, that the entire world is not yet ready to begin using crypto. For those that still prefer paying for products within ZenSports using traditional fiat, we’ll be implementing a new, gaming/betting friendly credit card processor who will have no problem taking our or your business. This will happen in the next 30–45 days (we’re currently vetting out different providers).
Even though cryptocurrencies haven’t gone mainstream yet, it’s decisions like these from Stripe that hammer yet another nail into the coffin of centralized payment authorities. People will not be denied the ability to pay for legal, legitimate goods just because these financial service providers refuse to join the 21st century. Time is on the side of crypto, blockchain, and decentralization — not Big Brother telling everyone what they can and can’t do with their money.
Try sending me a cancellation email on that one.
If you need any further clarification about Stripe’s decision, please contact their support team directly at support@stripe.com or on Twitter @Stripe. You can follow ZenSports on Twitter @TheZenSports |
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Geolocation is revolutionizing retail The retail landscape is changing rapidly. Established retail chains are disappearing, and companies that previously existed only online are moving into storefronts. In this uncertain environment, blockchain-powered geolocation technology offers retailers many advantages.
Marketing: The most obvious use case for geolocation data is in marketing, as geofencing and beacons let marketers deliver communications to a precise audience. Geofencing lets retailers deliver messaging within a specific area, such as a neighborhood or a city block. When a customer enters the area, the GPS location transmitted by their mobile device triggers the delivery of a precisely targeted and individual communication. Local marketing like this can be effective in generating traffic at physical stores. And because it can integrate the online and bricks-and-mortar retail streams, allowing a seamless transition between making a purchase online and picking up a product in a nearby physical store, local marketing can also be used to improve the overall customer experience. Beacons are even more precise, since they depend on location data delivered using Bluetooth technology. Beacons allow retailers to track customers’ movements within a store. This sets up an opportunity to deliver micro-moment marketing: campaigns designed to catch an individual’s attention at the very moment they are standing in front of a product.
Rewards: Blockchain-powered virtual objects, such as those powered by Geon.network, give retailers an opportunity to generate personalized customer interactions. When customers interact with a Geon by making a purchase, they receive rewards from the retailer. Retailers can also use Geon.network’s smart contracts to program rewards to be granted when customers complete a wide range of actions. These might include looking for specific products online, visiting a retail location frequently, completing a survey, or sharing their data. Blockchain-based rewards also make it possible for manufacturers to interact directly with consumers, using token-based rewards that can be redeemed at any retailer.
Data collection: Data about customers, such as where they live, the products they buy, and the products they think about buying, is extremely valuable. Even if a customer doesn’t directly share their address, the GPS, Wi-Fi and cellular data on mobile devices constantly generate information. Home and work addresses may be inferred based on how long a phone is stationary at certain times of the day. These technologies also share information about the apps installed on mobile devices, and the content viewed on those devices. This data is regularly shared with marketing companies. Geolocation data can also be used to deliver marketing messages based on consumer habits. Going to the gym daily, for example, might trigger targeted ads from a health food store, or from a retailer that sells workout apparel.
Data collection can also be used on a much larger level. In 2017, Thasos Group established that Whole Foods saw a 17% increase in traffic after its parent company Amazon announced that it was lowering prices. Thasos used distributed computing and machine intelligence to assess this geolocation data, and identified Trader Joe’s as the competitor that lost the largest share of customers to Whole Foods.
Asset tracking, inventory management and supply chain management: Asset tracking and inventory management can be linked to smart contracts. This lets location-based product management operate in real time. Retailers will be able to optimize just-in-time delivery and locate inventory with a high degree of accuracy. In addition to providing an enhanced retail experience through more precise inventory management, the cost savings realized by using this technology can be passed on to consumers. Asset tracking using beacons lets retailers track merchandise with a high degree of precision. This is useful in stockroom and warehouse management. It also has possibilities for retail in providing precise item location data to consumers. Another technology that can benefit retailers is RFID, which can be used for selective object identification. This can even be used for employee tracking, which can have benefits for HR management. Placing supply chain data on the blockchain also has many possible benefits for retailers. When production records are indelible and transparent, opportunities for counterfeiters are reduced, and product quality and safety can be enhanced. Finally, as both retailers and consumers pay more attention to inefficiencies and waste, there is growing interest in limiting the distance that products travel. For retailers, local producers may represent a new way to keep shelves full. For consumers, this represents an opportunity to make choices that benefit the environment as well as their local communities.
These are just a few of the ways that geolocation data, powered by blockchain technology, is changing the retail landscape. And because they all offer an opportunity to improve the customer experience, it is highly likely that retailers will look for additional opportunities to use this technology going forward.
Sources:
http://apps.bostonglobe.com/business/graphics/2018/07/foot-traffic/
https://thasosgroup.com/insights/
https://www.infsoft.com/blog-en/articleid/60/indoor-tracking-using-beacons-or-rfid-what-are-the-differences |
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click to view: This video was originally uploaded by Crush the Street in June 2018.
Our CEO Thomas Coughlin speaks with Kenneth Ameduri about the evolution of his career in finance and how his search for "a sound investment" led him to develop the Kinesis Monetary System.
Kinesis a yield-bearing digital currency based on 1:1 allocated physical gold and silver. The vision for Kinesis is to deliver an evolutionary step beyond any monetary and banking system available today, allowing participants to spend the value of their precious metals with a debit card and so much more. |
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How Much Money do we have to Lose Before we change our Economy? click below for full article |
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Click below for full article: |
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Bringing Cryptocurrencies Up to the ‘Gold Standard’ Guest post by Thomas Coughlin from Allocated Bullion Exchange |
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What is Geon Network? Read Here: |
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Varius World Tech- The VWT Proof Of Stake Solution Is One Of A Kind, And Will Make Transactions Faster And Fairer. Check Out How Aurora Borealis Will Operate: |
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Tune in for ZenSports interview with Coin on Nov. 12 7 PM PST! |
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Varius World Tech ICO: Aiming to Disrupt the Betting and Gaming Market Read full article here: |
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3 ICON DAPPS FIGHTING THE FUD Read it here: |
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We are pleased to showcase the MVP demo for the Kinesis Currency Exchange and Kinesis eWallet.
This demo environment allows users to create their own eWallets, mint their own Kinesis currencies (KAU = gold and KAG = silver) through the Kinesis Currency Exchange (KCX), emit these currencies into their wallets and then send the currencies to other wallets on the Kinesis Blockchain.
All the steps can be found here: https://kinesis.money/en/mvp-demo/ |
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Great article from Founder & Co-CEO Gavin Berry in Oct 2nds copy of City AM.
Blockchain Technology is enabling Varius World Tech to reshape the gambling industry with a full 360 approach. Register for details at http://www.variusworldtech.com |
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Adding geolocation data to enhance customer loyalty programs |
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What makes a ‘stablecoin’ successful? Read it here |
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Learn more about ZenSports use of smart contracts at: |
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