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  1. VUZZBEE World's First Blockchain Link Sharing Reward System Whitepaper https://www.vuzzbee.com/vuzzbeewhitepaper.pdf Website https://www.vuzzbee.com/
  2. HOW THE BLOCKCHAIN IS REDEFINING TRUST Around the time when bitcoin and blockchains were starting to catch the attention of the mainstream investment world, a New York-based startup called Digital Asset Holdings (DAH) was launched. Blythe Masters was at its helm. The Wall Street veteran is knowledgeable about a common problem many banks face: Getting incompatible financial databases to talk to each other. It’s costly, complex, and takes time. While it might seem that traders work at Red Bull speed in lightning-paced environments, the technology used to execute trades is remarkably old- Fashioned and slow. Lots of phone calls are made, emails traded and even the occasional fax is still sent. It can take up to three days—T3—for stock trades to change hands via clearing houses such as the National Securities Clearing Corporation (NSCC). It’s a process known as ‘settlement lag.’ Every hour before settlement happens, when a trade precariously hangs between sale and purchase, increases the risk that the trade won’t go through. Obviously, it’s in the banks’ interest to close that lag time as much as possible. Blockchains could help reduce the gap of the entire lifecycle of a trade from days to minutes, even to zero. According to a report by Santander InnoVentures, the Spanish bank’s fintech investment fund, by 2022 ledger technologies could save banks $15–20 billion a year by reducing regulatory, settlement and cross-border costs. Digital Asset Holdings wants to be the distributed database handling these speedy transactions. And the who’s who of the world’s biggest financial names, including Goldman Sachs, Citibank and Blythe Masters’s old employer, JP Morgan, have ploughed more than $60 million of investment into DAH. Speed and efficiency are not the only qualities that make distributed ledgers attractive to banks. ‘Regulators will like that blockchain-based transactions can achieve greater transparency and traceability– an “immutable audit trail”,’ Masters says. In other words, it could help eliminate the kinds of fraud that come from cooking the books. It’s rather ironic that these words come from a woman who spent several months being investigated by the Federal Energy Regulatory Commission for a cover‑up of energy-trading strategies. Masters was not cited for any wrongdoing and no action was brought individually against her. JP Morgan paid $410 million to settle and close the case, without denying or admitting wrongdoing. On Wall Street, the race is on to embrace or control what could be either its biggest ally or its death knell. Where does the average Joe store their money? In a bank’s current or savings account or a safety deposit. But the blockchain could become a new repository of value. How do typical loans work? A bank assesses the credit score of an individual or business and decides whether to lend money. The blockchain could become the source to check the creditworthiness of any potential borrower, thereby facilitating more and more peer‑to‑peer financing. How do typical credit cards and money transfer services work? They currently flow through a bank, but the blockchain could handle this exchange of value directly from person to person. Consider traditional accounting, a multi-billion industry largely dominated by the ‘big four’ audit firms, Deloitte, KPMG, Ernst & Young, and PwC. The digital distributed ledger could transparently report the financial transactions of an organization in real time, reducing the need for traditional accounting practices. And that is why most major players in the financial industry are busy investing significant resources into blockchain solutions. They have to embrace this new paradigm to ensure it works for, not against, them. Read More https://www.wired.com/story/how-the-blockchain-is-redefining-trust/
  3. Bank Of America Building With Blockchain While most investors are trying to wrap their head around the soaring price of Bitcoin, I'm more focused on its underlying technology (blockchain) and its impact on the future of banking. Blockchain is here to stay and Bank of America (NYSE:BAC) is staking its claims. Blockchain So, what is this revolutionary technological innovation called blockchain? It's pretty simple really. As most know by now, it's a decentralized, digital accounting of transactions in chronological order. Each transaction builds on top of the other. When one "block" is complete, another begins in linear, chronological fashion. The technology is more complicated and powerful than that simple explanation, so I encourage the reader to google Blockchain for a more definitive description. My focus instead will be on Blockchain in banking, and I'll be content letting others dream of becoming Bitcoin billionaires. At current valuations, there's a good chance that ship has sailed. I'm going to take a different tack. The Search When investing in new technologies and looking for the latest ideas, I start with the U.S. Patent and Trademark Office. Patents provide a good guidepost to what companies are working on for the future. When searching a topic, you will typically find some companies that are public while others are private startups worthy of putting on a watch list for investment opportunities down the road. The list of companies is usually interspersed amongst creative individual inventors. The search for blockchain patents was no different. A query for blockchain-related lists show there are hundreds of separate patents. Of those, a sizable number are large cap corporations trying to get a jump on the competition. While the majority of the patents assigned have been in the IT industry, "Bank of America" is among the top 10 assignees. Bank of America has been granted eight patents. It also has several (approximately 53 last count) patent applications pending while continuing to be one of the most active banks filing for blockchain and cryptocurrency-related patents to date. The Future of Secure Banking Let's talk about patent 9,825,931 which is the most interesting and carries the most impact. The title of the patent is "System for tracking and validation of an entity in a process data network," which sounds fairly benign. However, the possible implications are astounding. Think of yourself and everyone you know as blockchains. That's BAC's patent 9,825,931. The abstract is provided below: "Embodiments of the invention are directed to a system, method, or computer program product for generating and using a blockchain distributed network for tracking and validating a user identification morphing over time. The blockchain database comprises a distributed ledger that is updated with real-time identification information including an initial identification of the user. Subsequent identifications are stored and changes or morphs in identification, such as signatures, physical attributes, or locations of the user are identified. User facts are correlated with the identifications to build a timeline for the user. Subsequently, the system generates authentication questions based off of the timeline generated. The authentication questions allow for authentication of a user into a third-party system." As individuals, we all morph over time as we age. To record us using blockchain in real time over time is a reflection of who we are. It's a general ledger of our lives. Talk about know your customer! It doesn't take much of an imagination to consider the uses. For security purposes, BAC will have a much better understanding of our behaviors and habits, and if anything deviates from our normal pattern of living, it can automatically make an inquiry and, based on the database, easily identify us. Read More https://seekingalpha.com/article/4133700-bank-america-building-blockchain
  4. Facts You Must Know about Blockchain Revolution The technological development in the world is happening at an awe-inspiring speed that is creating waves. The world relies on the different types of transactions that take place every second that affects the businesses, entities, and common people. Until recently the methods and techniques of the transaction were same with people relying on the bank or financial institutions for it. The blockchainrevolutionized the way people perceive transaction by removing the responsibility from these monetary agencies and placing it on the computing power. What is Blockchain? Everyone is aware of the hottest cryptocurrency, “Bitcoin” that touched the high price a few days back. Most people know the Blockchain as it is synonymous with Bitcoin, but do not know it well. The Blockchain is a decentralized network, which allows transaction between people or companies without the involvement of a central agency like a bank. It can reduce the costs of coordination that the banks retrieve from people. So, people can store information in the virtual data room securelythat also allows tracking of the transaction in real time. Cryptography is used to secure the transaction between the buyers and sellers. The blockchain records every transaction after verification. The Importance of Blockchain The blockchain revolution is not only important in the financial sector, but several other important sectors. It can influence fields like energy, public administration, telecommunications, and logistics that can affect people. It makes the transaction easier and gives the following advantages; Cost Effective It eliminates the need for middlemen like the banks from the transaction process, so it reduces the costs. It eliminates the transaction fees that are thrust on people or companies. The blockchain eradicates such huge fees as the decentralized system has no huge fees. It is helpful for developing countries, where the retail sector is held back by the excessive transaction fees. Privacy The blockchain has a secure data room that allows the individuals, corporation or the government to store personal information that is encrypted using cryptography. So, people have full control over their data that enables secure transactions. It is helpful for companies selling services or hardware as too much information is not handed out to others. The companies who store personal information like the social media networks can also benefit using this technology. Efficiency As a virtual data room is used to store the information, the transactions take place with better efficiency. It allows timely processing of data with more speed as high-speed computers makes it a possibility. It also reduces the fraudulent activities that affect any financial transaction making it safe. Today the e-commerce is dependent on the banks for verification, but the blockchain revolution allows consumers and suppliers to contact directly. It strives for the anonymity of people, so it is shaping up as a reliable solution for the future. The use of virtual data room ensures the safety of the data that can make a change in several sectors. Small Businesses They can implement a trading platform for their easy transactions that can help in the business growth. It brings transparency to the trading environment giving authenticity to the business and makes influence more costumers. The suppliers and buyers can communicate with each other and establish transaction without banks. It assists in creating smart contracts that increase the usability of people, business, and machines. Banks The blockchain revolution will replace the centralized banks for a better transaction with more speed. People can use cryptocurrencies like Bitcoin that can change the face of paper money. The data room ensures secure storing that can make quick transactions. Industries It creates new opportunities in the industrial sector by revamping the existing technologies and businesses. It brings the world closer by an effective and efficient transaction process. The retail sector can perform more transaction with the elimination of transaction costs. Crime The blockchain revolution can assist in creating powerful software that can track down criminals easily. The hackers cannot easily hack the informationfrom the data room that increases efficiency of the identification of criminals. Governments It assists the welfare processes in the less developed nation effectively. Many countries suffer financial setbacks by conducting elections. The blockchaintechnology can overcome this financial constraint easily. Common people can get the benefits of the blockchain revolution by strengthening it more and spreading its awareness. It will support millions of transactions at the same time that can make the life of people easier with its high speed, reliability, and efficiency. It can reform several industries that will make a positive change for a better future. Source https://www.techbullion.com/facts-must-know-blockchain-revolution/
  5. 4 Ways The Blockchain Can Revolutionize Retail Marketing With the rise of cryptocurrency and the underlying blockchain technology that fuels decentralization, several industries have been quick to look at how the technology can benefit their sector. As a retail marketer, I’m interested in how the blockchain is going to inform our purchase path. More than a “now accepting Bitcoin” sign in the window of our favorite retailers, the blockchain stands to make a sizable impact on the industry. And while the landscape is swiftly evolving, we can make some predictions about retail in a blockchain future. Here are some trends to look out for: The Future Of Online To Offline Marketing The notion that physical retailers are at a deficit when it comes to data is one that we, as retail marketers, have been contending with for years. It’s the reason “omnichannel” is a buzzword - brick and mortar retailers have long-known that they need to engage their potential customers where the customers are, which is more convoluted with every new channel that we add into increasingly digitized lives. For the past few years, physical retailers have implemented technological solutions such as beacons to try to bridge the gap - the blockchain can take these solutions to the next level. “Beacons allow retailers to know who a customer is and use internal data for some peripheral customer insights,” says Abhi Pitti, CEO of Nucleus Vision, a company that uses the blockchain in combination with Internet-of-Things (IoT) technology to create real-time customer intelligence for brick-and-mortar stores. “Because of the lack of customer data, the information gleaned using beacons, alone, still doesn’t measure up to customer insights captured online. But when we merge in blockchain technology, all private databases such as banks, third party apps on a mobile device, and credit card companies can open customer databases to share and monetize data with required customer authorizations recorded on a secured, incorruptible, transparent, chronological, append-only, distributed ledger called the blockchain.” To put it simply, by combining the use of in-store sensors with a decentralized authority, retailers can glean unprecedented amounts of information about their in-store customers in real-time. Read More https://www.forbes.com/sites/tinamulqueen/2017/12/22/4-ways-the-blockchain-can-revolutionize-retail-marketing/#3dee8d4d453d

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