[ANN] Finterra : The Social Solution for Blockchain

[Eliza beth]

Successful project turned out and judging by the reviews really with a very good reward.
egretia

[1715393073]

1715393073

[1715393073]

1715393073

[1715393073]

1715393073

[1715393073]

1715393073

[hastosambodo]

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.

[Brianna20487]

I like the concept and I think this project will have a big future . I'll support as far as possible

[finterra]

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.

[finterra]

Finterra hosts the first ever International Waqf and Blockchain Forum in the Middle East

• 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/

[finterra]

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

[finterra]

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.

[finterra]

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.

[finterra]

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

[inigoes]

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.

[finterra]

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