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Traxion Tech Review

Ten years after the financial crash of 2008, and we are still facilitating the same financial system that led to the crash – and the crashes before it.

But now financial experts have predicted that the banking system as we know it will not be around in 10-15 years.

The emergence of blockchain technology has made it all too apparent that change is on the way.

The banks, with their current legacy systems, will either have to adapt or give way to the rapidly growing crypto-economy.

At least that’s what some believe.

Many ICO projects are aiming to help make the transition from the current economic system based on fiat money to a new economic system based on digital currency.

So what could the future economy look like? The team behind TraXion seem to have the answer.

What is TraXion?

The team behind the project recognise the potential of blockchain technology to decentralise a number of services, including banking.

Traxion is an ecosystem that consists of three components: TraxionWallet, TraxionChain, and TraxionContract. Each will form part of what the team calls a user’s digital financial infrastructure.

The first one is TraxionWallet, which will function like your current banking app, except that it can do much more. Not only will you be able to transfer money with it, but it will be like going down to the actual bank. You can use it to lend and borrow as well.

Business users will be able to take advantage of the TractionChain, which is an inter-business blockchain for tracking their results. This way, business professionals will be provided with another tool for measuring their commercial progress.

Finally, TraxionContract is the component that applies smart contract technology to ensure safety and reduce corruption. Similar to many other ICOs who make use of smart contracts, TraxionContract will put control in the hands of professionals.

TraXion will be using the latest IBM Hyperledger Fabric technology to create what they call a “permission-based distributed ledger.”

What is the aim?

There are three key aims of the TreaXion project that interested parties should be aware of.

The first one is to ensure that merchants and customers can send and receive payments seamlessly. This will solve the issues of customers not being able to make a payment unless they know the merchants bank account details. With TraXion, they can simply scan a QR code and make a mobile payment.

The second aim is to end poverty. This may sound like a very ambitious aim, but the team is aware that ending poverty requires a holistic solution. However, they point out, blockchain may be part of that solution. By creating an affordable financial platform, TraXion aims to put developing countries on an equal footing with the OECD.

The third aim is to make aid transparent. The team highlights how charities will be able to benefit from smart contracts in order to reduce corruption. But not only charities will be able to make use of this technology. Any donation make to anyone will be able to be verified for extra security by the use of smart contracts.

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Howdoo Review

Social media platforms like Facebook, which has over 2 billion users worldwide, are raking in a lot of money in advertisements for other companies.

It seems like a good deal for everyone involved.

Users have a social media platform where they can connect with their friends and family for free. Advertisers have access to their target audience and can spend their ad budgets more wisely. Facebook facilitates these advertisements and takes a slice of the pie.

But what there was an even better deal? What if you, as a social media user, not only could decide how many advertisements you are exposed to, but also get paid for it?

Howdoo μDoo is an ICO that will attempt to make social media a better deal for users, and reward them for engaging with the platform.

What is Howdoo μDoo exactly?

In the face of it, Howdoo μDoo could be considered just another social media platform on which users can message each other, share photos, leave comments, and so on.

And it does have all those capabilities. It is a place where content creators, merchants, artists, news media, and other groups can connect with each other.

However, the platform is built on the blockchain. And, like many other ICOs, the platform is using the popular Ethereum blockchain.

There are also some other key differences between Howdoo μDoo and other social media platforms.

The platform will put users in control of their digital footprint, so they know what their data is being used for and by whom.

Users will also be able to choose how many adverts they see, and from whom. More importantly, they will receive compensation for the ads they see.

Rather than having one company police content on the platform, Howdoo μDoo aims to put the user community in charge of regulating anti-social content.

How does it work?

As a Howdoo μDoo user, you will be in complete control of the advertisements you are exposed to. You can select maximum ads for maximum revenue, or no ads for no revenue.

As a content creator, you are in an even better position to earn money. By uploading content, you will receive compensation proportionate to how popular and shared your content is.
As an advertiser, you will have much more control over where your advertisements are displayed, and to whom.

The currency being used on the platform to facilitate all the transactions between users, content creators and advertisers will be the µDoo token.

Who is the team behind it?

Howdoo μDoo was founded last year by David Brierley, who has worked as a Director of Business Analytics at SAP, as well as being Senior Vice President of Pyramid Analytics.

In addition to Brierly, who is also Chief Initiator, Neil Harper is the Chief Storyteller, Nakul Shah heads Research & Development, Mark Perring is Chief Engagement Officer, James Farlow works as a Senior Technical Architect, Tony Loan heads the Invention department, and Beth Lawton works in Development.

What do you think about the concept of getting paid to engage with ads on social media, and being able to choose how much and when? Leave your comments below!

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ViValid Review

Ever found something in your basement or on your loft and wondered if it is worth anything? Maybe it is useless, and not worth holding on to. But maybe it is more valuable than you can imagine. How do you find out? You could, of course, spend hours and hours scouring the Internet for information. Another option to ask an expert for their opinion. Maybe you will even ask two experts, just to be sure. But what if they give you two different estimates? And how do you know their estimates are correct? It would be a shame to sell your new-found treasure for less than it is worth. This is where ViValid enters the picture.

What is ViValid?

ViValid is perhaps best described as an online community of experts. Experts in jewellery, baseball cards, antique furniture, stamps. coins, you name it. For every category of items of value there is an expert who knows how much they are worth. As the happy owner of such an item, all you have to do is to take a picture of it, upload it to the platform, and await the evaluation. ViValid randomly assigns multiple experts in the relevant field to evaluate your item, and you will receive this at a fraction of the cost it would normally have come out to. Thus, you save yourself the headache of having to research the item yourself, have several reliable opinions on how much you can sell your item for.

How does it work?

ViValid is a platform fuelled by blockchain technology, and thus works on a decentralized ledger where all the data is stored. This means that you as the owner of an item can remain anonymous, and so can the experts.

However, ViValid does not expect you to simply trust the fact that the experts are, in fact, experts. They have ensured that each expert has undergone several tests to determine their level of expertise. The experts are then categorized into five tiers. Each tier represents a higher level of expertise, and thus provides a more accurate estimation of your items value. This, however, also means that an expert in a higher tier warrants a higher remuneration for their work.

Finally, the history of ownership for each item will also be recorded on the blockchain, which means that users can also refer to this history to determine the value of an item. As many collectibles increase in value over time, this is a very useful feature of the ViValid platform.

How do the tokens work?

The ViV tokens are the native currency of ViValid, and are used by the owners of items to pay the experts of their evaluation of them.

What is proof of validation?

The Proof of Validation is a system that works on the platform to ensure that both the jobs carried out by the experts and the actual evaluation of the items is being validated. By using the blockchain technology, the decentralized nature of the platform ensures maximum validity. The ViValid website also contains information about how this works in greater detail.

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0xcD3347Bd7595750473b2dC8d2F32f28a32C868b7

There was a time when children would read comic books.There was a time when children would save up spare change in their piggy banks.

Both are things of the past now, it would seem. The comic books have been switched out with iPads, and the piggy banks have now also been digitized.

Cryptos for kids?

Pigzbe is an app that works like a digital piggy bank, and is now available for children over the age of six years old.

The brain behind the app belongs to Filippo Yacob, and the aim of the project is very much the same as the old fashioned physical piggy bank: teaching kids about money.

As with other cryptocurrencies, Pigzbe works with tokens that children can store in their digital “piggy wallet”.

The tokens, based on blockchain technology, are called Wollo and can be purchased by adults as well – if they invest in the official ICO.

Wollo is the first cryptocurrency targeting children specifically, and the reactions to this invention have so far been mixed.

Some parental groups have pointed out that it is not an appropriate way to teach children about money, whilst cryptocurrency enthusiasts have noted that it is no different from an actual piggy bank.

Family-friendly ICO

Given that Pigzbe and Wollo are part of an official ICO, it means that it is of course also available for adults.

The family-friendly piggy wallet can be used by parents to reward their children for good behavior, or for doing household chores.

The tiny transactions are usually around one to three cents, so in essence the same as would go into a physical piggy bank.

Furthermore, the advantage Pigzbe has over other piggy bank apps, is that it does not charge the same transaction fees.

The founder of Pigzbe highlights the importance of teaching children about finances early on, to prepare them for adulthood later on.

The project was inspired by being unable to find a suitable piggy bank app for his own son, which would allow for tiny transactions.

How does it work?

As opposed to other apps, the Pigzbe app for children is more complex and immersive than the adult version, which has a simpler interface.

The aim of the app is to encourage giving small amounts as gifts, as well as to turn saving money into a fun and engaging game.

The children’s version of the app will include a pink controller that allows them to receive notifications from their parents and other relatives.

The parents, meanwhile, will have access to a black controller with which they can store the Wollo tokens offline.

The app also comes with a Wollo Card, which is a digital debit card that can be used in both online and offline stores to redeem the tokens for products and services.

As with any other online activity, Pigzbe comes with parental controls that allow them to restrict access to adult content.

Finally, the Pigzbe app allows for more transparency. Parents are now in full control of how much money their children have and what it is being spent on.

What do you think about cryptocurrencies for kids? Leave your comments below!