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Author Topic: [ANN] CREDITS - New Blockchain for financial industry [OFFICIAL THREAD]  (Read 24808 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (50 posts by 5 users deleted.)
branchun77
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December 11, 2018, 08:01:07 PM
 #1601

Are there any prerequisites for starting to use blockchain in the automotive industry. It is the more proper industry for platform using start than banks, they raise huge amount of money every year..

Like an example - According to the Automotive Components Manufacturers Association of India, fake spare parts cause more than 20% of total car crashes. So yes, blockchain can solve one of these holes
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December 11, 2018, 08:03:31 PM
 #1602

Are there any prerequisites for starting to use blockchain in the automotive industry. It is the more proper industry for platform using start than banks, they raise huge amount of money every year..

Like an example - According to the Automotive Components Manufacturers Association of India, fake spare parts cause more than 20% of total car crashes. So yes, blockchain can solve one of these holes
Can blockchain make cars and spare parts cheaper to manufacture?
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December 11, 2018, 08:05:41 PM
 #1603

Are there any prerequisites for starting to use blockchain in the automotive industry. It is the more proper industry for platform using start than banks, they raise huge amount of money every year..

Like an example - According to the Automotive Components Manufacturers Association of India, fake spare parts cause more than 20% of total car crashes. So yes, blockchain can solve one of these holes
Can blockchain make cars and spare parts cheaper to manufacture?

Possible way of employing this technology in manufacturing is a self-performing smart contract, which keeps all documentation in a digital format, thus removing unnecessary workload. This robot does not need to be controlled by the factory management. Developers program the contract and ensure that all terms and conditions as well as possible implications are listed. For example, when materials are delivered to the production base, the amount payable is automatically remitted to the counterparty. Electronic contract is entered into using digital signature. Hard-copy paperwork does not apply at all. It will reduce operational cost and can affect actual cars value.
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December 11, 2018, 08:07:21 PM
 #1604

Are there any prerequisites for starting to use blockchain in the automotive industry. It is the more proper industry for platform using start than banks, they raise huge amount of money every year..

Like an example - According to the Automotive Components Manufacturers Association of India, fake spare parts cause more than 20% of total car crashes. So yes, blockchain can solve one of these holes
Can blockchain make cars and spare parts cheaper to manufacture?

Possible way of employing this technology in manufacturing is a self-performing smart contract, which keeps all documentation in a digital format, thus removing unnecessary workload. This robot does not need to be controlled by the factory management. Developers program the contract and ensure that all terms and conditions as well as possible implications are listed. For example, when materials are delivered to the production base, the amount payable is automatically remitted to the counterparty. Electronic contract is entered into using digital signature. Hard-copy paperwork does not apply at all. It will reduce operational cost and can affect actual cars value.

Are there any countries that have already recognised this approach and start its integration? India?
branchun77
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December 11, 2018, 08:08:04 PM
 #1605

Are there any prerequisites for starting to use blockchain in the automotive industry. It is the more proper industry for platform using start than banks, they raise huge amount of money every year..

Like an example - According to the Automotive Components Manufacturers Association of India, fake spare parts cause more than 20% of total car crashes. So yes, blockchain can solve one of these holes
Can blockchain make cars and spare parts cheaper to manufacture?

Possible way of employing this technology in manufacturing is a self-performing smart contract, which keeps all documentation in a digital format, thus removing unnecessary workload. This robot does not need to be controlled by the factory management. Developers program the contract and ensure that all terms and conditions as well as possible implications are listed. For example, when materials are delivered to the production base, the amount payable is automatically remitted to the counterparty. Electronic contract is entered into using digital signature. Hard-copy paperwork does not apply at all. It will reduce operational cost and can affect actual cars value.

Are there any countries that have already recognised this approach and start its integration? India?

Prospects for blockchain employment have already gained recognition from Japan. AISIN group, a developer and producer of components and systems for the automotive industry, has announced it is setting up a fund ($50 mln) to support innovative technology in the automotive sector, primarily the blockchain. The fund is managed by Fenox.
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December 12, 2018, 03:36:55 AM
 #1606

Hello there, Hackathon participants will create dapps on Testnet 3.0 or miannet?

Hi, as i know they are waiting for 3.1 version

Did they release 3.0 or just make some changes to not yet released 3.0? Did they say anything about that?

There's release 3.1 shown on Monitor page, but I think they just made minor improvements to already finished 3.0 that's why it's 3.1)
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December 12, 2018, 03:37:34 AM
 #1607

Is it possible to participate in hackathon if the registration is closed?

Nope, not possible anymore as far as I know, registration finished on Dec 9th

Can't wait to know final number of participants! Hope there's a lot of people
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December 12, 2018, 03:39:45 AM
 #1608

What are your thoughts regarding blockchain business value in future?
Market research company Gartner estimates that blockchain value-add will grow to 176 billion dollars by 2025

That can be considered rather good, do they forecast it farther than 2025?
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December 12, 2018, 03:40:24 AM
 #1609

Recently I did not receive many updates from the project and this made me feel unhappy in this project. I hope the development team keeps up with the news for everyone because I believe the CS will be growing in the future.


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Dectonn
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December 12, 2018, 03:42:48 AM
 #1610

Can someone explain to me how private chains can be beneficial to CS and its investors? Like will they generate value to CS coin or something?
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December 12, 2018, 03:56:00 AM
 #1611

Recently I did not receive many updates from the project and this made me feel unhappy in this project. I hope the development team keeps up with the news for everyone because I believe the CS will be growing in the future.

What exactly are you unhappy with? lol
Ghebung Masam
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December 12, 2018, 04:30:39 AM
 #1612

Recently I did not receive many updates from the project and this made me feel unhappy in this project. I hope the development team keeps up with the news for everyone because I believe the CS will be growing in the future.
try visiting their official twitter, I think they are more active there in giving the latest notifications about the updates they are doing.
https://mobile.twitter.com/creditscom

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December 12, 2018, 08:50:55 AM
 #1613

Hello there, Hackathon participants will create dapps on Testnet 3.0 or miannet?

Hi, as i know they are waiting for 3.1 version

Did they release 3.0 or just make some changes to not yet released 3.0? Did they say anything about that?

Nope they didn't release 3.0 version for public. They made some updates with 3.0 that's why it is called 3.1 version
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December 12, 2018, 08:54:35 AM
 #1614

Hello there, Hackathon participants will create dapps on Testnet 3.0 or miannet?

Hey there, I think they will be developing it on testnet right after its release.

And what about the amount of paticipants, did it increase? Last time there were 63

Botstorm said here amount of participants grew up to 150 or even more, it's pretty great amount tbh, and  that number was even before Ivan announced it in his video if I'm not mistaken, so I think there's even more)

Can someone clarify this? Or we should wait for official announcement about amount of participants? Is there any precise info at all about it?

I hope Credits team will announce the exact number of participants and the spheres they are going to create dapps
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December 12, 2018, 08:57:20 AM
 #1615

What market is Credits oriented? I mean Asia, Europe or America?
it will be world domination Wink

I'am happy to be a part of this  Wink
Vasiliyolego
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December 12, 2018, 09:36:32 AM
 #1616

Hello there, Hackathon participants will create dapps on Testnet 3.0 or miannet?

Hi, as i know they are waiting for 3.1 version

Did they release 3.0 or just make some changes to not yet released 3.0? Did they say anything about that?

There's release 3.1 shown on Monitor page, but I think they just made minor improvements to already finished 3.0 that's why it's 3.1)

Today, they announced that there will be more updates and some changes in consensus functions and it is renamed to 3.2 version
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December 12, 2018, 10:01:31 AM
 #1617

Recently I did not receive many updates from the project and this made me feel unhappy in this project. I hope the development team keeps up with the news for everyone because I believe the CS will be growing in the future.

They published News Digest №11 yesterday, check it out
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December 12, 2018, 10:46:16 AM
Last edit: December 12, 2018, 10:58:05 AM by buurraakk
 #1618

So 19 days to:
- launch testnet 3.2 (few days)
- announce test phase 2 (few days in advance to allow everyone to set up their nodes)
- run test 2 ( few days (they said max 20, which is already not possible)
- announce test phase 3 (few days)
- run test 3 (1 days)

I’m already 19+ days, but lets continue:
- launch mainnet (few days to prepare, ASSUMING nog large bugs or issues coming from test 2&3)
- do token swap (multiple weeks)

And then we also have christmas,, and we have new years eve (during which nobody will be working)
And we have 3 weekends (during which cs has proven to be not working)

So of the 19 days, i have effectively 13 left.
Deduct christmas and new hears eve, and I have 10 left.

10 days to run 2 tests, process all bugs found, launch mainnet, and do a swap.

Add to that credits’ consistent behaviour of ignoring deadlines, and the conclusion is:
- swap: not gonna happen before everything is stable is heavily tested, so aim for q2/3-19
- mainnet: likely q2/3-19
Test phase 3: likely q1-19
Test phase 2: likely q1-19
Testnet 3.0: likely end if q4

Prepare for a massive price drop when they, inevitably, communicate the delay on 31-12 (just like they did in july), as the moon sheeps following this project are too dumb to see this coming, and will sell in panic when their lambos dont arrive on 31-12.
Remember, if you discount it for the 6 months that have passed, almost 0 progress has been booked on the front-end (wallet has still bugs in v 2.2).
Back-end still shows errors and sync problems in v2.2. Add to that consensus protoal changes in v3.2 (really, right before mainnet launch you change consensus mechanism?)

Just compare it with Ziliqa, the amount of progress booked there is massive, as both projects started with testnet 1 before the summer holiday
branchun77
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December 12, 2018, 03:06:42 PM
 #1619

Hello there, Hackathon participants will create dapps on Testnet 3.0 or miannet?

Hey there, I think they will be developing it on testnet right after its release.

And what about the amount of paticipants, did it increase? Last time there were 63

Botstorm said here amount of participants grew up to 150 or even more, it's pretty great amount tbh, and  that number was even before Ivan announced it in his video if I'm not mistaken, so I think there's even more)

Can someone clarify this? Or we should wait for official announcement about amount of participants? Is there any precise info at all about it?

I hope Credits team will announce the exact number of participants and the spheres they are going to create dapps

Over 160 developers from 28 different countries signed up. Credits developers team, the CTO Evgeniy Butyaev and Deputy CTO Konstantinos Sotiropoulos, have reviewed the participants’ projects that serve well for various industries, such as the Internet of Things, banking, logistics, insurance, payments, medicine, copyright protection, industrial, consumer goods and will be helpful for future of Credits ecosystem.
branchun77
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December 12, 2018, 03:24:23 PM
 #1620

So 19 days to:
- launch testnet 3.2 (few days)
- announce test phase 2 (few days in advance to allow everyone to set up their nodes)
- run test 2 ( few days (they said max 20, which is already not possible)
- announce test phase 3 (few days)
- run test 3 (1 days)

I’m already 19+ days, but lets continue:
- launch mainnet (few days to prepare, ASSUMING nog large bugs or issues coming from test 2&3)
- do token swap (multiple weeks)

And then we also have christmas,, and we have new years eve (during which nobody will be working)
And we have 3 weekends (during which cs has proven to be not working)

So of the 19 days, i have effectively 13 left.
Deduct christmas and new hears eve, and I have 10 left.

10 days to run 2 tests, process all bugs found, launch mainnet, and do a swap.

Add to that credits’ consistent behaviour of ignoring deadlines, and the conclusion is:
- swap: not gonna happen before everything is stable is heavily tested, so aim for q2/3-19
- mainnet: likely q2/3-19
Test phase 3: likely q1-19
Test phase 2: likely q1-19
Testnet 3.0: likely end if q4

Prepare for a massive price drop when they, inevitably, communicate the delay on 31-12 (just like they did in july), as the moon sheeps following this project are too dumb to see this coming, and will sell in panic when their lambos dont arrive on 31-12.
Remember, if you discount it for the 6 months that have passed, almost 0 progress has been booked on the front-end (wallet has still bugs in v 2.2).
Back-end still shows errors and sync problems in v2.2. Add to that consensus protoal changes in v3.2 (really, right before mainnet launch you change consensus mechanism?)

Just compare it with Ziliqa, the amount of progress booked there is massive, as both projects started with testnet 1 before the summer holiday

You're wrong since the commence of your post, they don't celebrate any holidays in December, that's why your calculations are wrong, as a tester I have to say about substantial progress, I'm following all updates from the beginning and this is really huge, bugs on the front-end are minor as the bugs on the back-end, errors are possible on any stage, especially testnet phase, I'm sure they have more important development goals than bugs about which you are talking, you can't estimate a degree of changes in consensus without a closer look what developers are doing there, they are promising to fix them by the end of this week, if no, I don't care as the quality is the priority for me personally, I feel a huge potential here, your points are senseless and you are trying to create doubts for these "sheep", it's not fair boy, if you don't have an interest, just leave this place and don't try to be "hero" for public
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